Bloomberg Daybreak: March 17, 2022 - Hour 2 (Radio)

workplace harassment protection for all public employees. Plus preparations continue for today's St. Patrick's Day parade in Manhattan. I'm Michael bar More Ahead, I'm trying stash shower and sports. Easy win for the nick Nets, loss at the Buzzer ruttors in the n C, double days lost in double overtime. 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 sixties, San Francisco,

Sirius x M one nineteen and around the world. Old on Bloomberg Radio dot Com and via The Bloomberg Business. Good morning. I'm Nathan Hagar, and I'm Cameron Moscow and US Dock index futures are lower this morning and extending their declines. Were coming up to six o one on Wall Street, and we check the markets every fifteen minutes throughout the trading day. On Bloomberg. Right now, SMP futures are down twenty three points down, futures down a hundred

sixty two, NASDAG futures down eight. The decks in Germany is down one percent, the ten year treasury up twenty thirty seconds, the yel two point one one percent, they yield on the two year one point nine one percent, and the euros at one point one zero three three against the dollar. Nathan, all right, Karen, we begin with the latest developments on the war, including this red headline that just crossed the Bloomberg terminal. The Kremlin says reports

of major progress in Ukraine talks are wrong. Group of seven foreign ministers are meeting virtually today to discuss the crisis, as Ukrainian President Voladimir Zelinski addresses the lower house of the German parliament. All this as Russian strikes continue you on infrastructure sites. The Ukrainian military says a Russian plane bomba theater were hundreds for sheltering. Bloomberg's Ed Baxter has that story. This adding to the concern about Russia purposely

bombing civilians. The max Are satellite firm collected images showing the word children in writing in white letters in front of and behind the theater. Meanwhile, President Joe Biden has promised new munitions to Ukraine. We have identified and are helping Ukraine acquire additional longer range and aircraft systems, along with shoulder rockets, stinger and javelin launchers, twenty million rounds of AMMO, and one hundred diving switch blade drones in

San Francisco, I'm at Baxter, Bloomberg Daybreak. All right, and thank you and all. President Biden has offered eight hundred million dollars worth of new weaponry to Ukraine. He also branded Russian President Vladimir Putin a war criminal. Later today, House lawmakers are set to revoke normal trade relations with Russia. Amy Morris has the latest from our Bloomberg nine newsroom

in Washington. Removing Russia's most Favored Nation trade status allows the US to impose higher tariffs on Russian goods, sources tell Bloomberg News. It also expands the Magnitsky Act, opening up the possibility of more sanctions on Russian officials for human rights violations. It would take Congress and the President

together to re establish any trade relationship with Russia. House majority leaders Denny Hawyer says the vote will come later today, putting Russia in the same category as Cuba and North Korea in Washington. I'm maybe more as Bloomberg daybreak. All right, Amy,

thank you. In a chilling thread, Vladimir putinist warning he will cleanse Russia of traitors, but any people, and even more so, the Russian people will always be able to distinguish true patriots from scum and traders and simply spit them out like a fly that accidentally flew into the mouth, spit them out. I am convinced that such a natural and necessary cleansing of society will only strengthen our country.

Phud And accused the West of wanting to destroy Russia, and this morning, Russia's finance ministry set a one seventeen million dollar interest payment due on two dollar bonds had been made to City Bank in London. Well, Nathan, and then their major story that we're watching this morning is a continued reaction to the FEDS and liftoff on interest

rates and Bloomberg. John Tucker joins us Live with the latest, John, Karen, Stock and bonding investors had completely different reactions to the feds quarter point rate increase, stocks rallied bonds sold off. The five ten year treasury yield curve inverted for the first time since early That's a recessionary signal. At Guggenheim Partners Chief investment Officers, Scott Monored isn't all that impressed with how the FED is tackling inflation. I think that

the FED has largely abandoned monetary orthodoxy. It's trying to be too cute in how it's it's managing this. Guggenheim Scott Monored says they are in an inflation panic. The Central Bank also published forecasts with the authorities various official of the so called Dan plot that indicated a steeper hiking path than before. Live in New York. I'm John Tucker, Bloomberg debris, Thank you, John. Interest rates are also in focus in Europe. Let's get that story Live with Bloomberg's

You and Parts. Good Morning, Good morning, Nathan and Karen. The Bank of England was the first major central bank the Tyson policy after the pandemic, and today committee members look all but certain to high rates for a third successive time. If they do, that would take the UK benchmark back to its pre COVID level as the bank battles soaring inflation. That decision at eight a m. Eastern Time, Live in London. I'm you and part's been big daybreak,

Thank you and thank you all. Turning to the markets now, starks in Asia jumped once again on a surge in Chinese technology shares. We get the recap from Bloomberg's JULIETT. Sally and Singapore. Good morning, Juliet, Good morning, Nathan and Karen. China's effort to stabilize market saw the Hang Saying Index post it's best two day games since the Hang Saying

Tech Index added to Wednesday's dizzy and twenty two percent game. However, the index is still down more than fifty pc from its February one peak, owing to a year long crackdown on the sect um. The lift in Hong Kong and Chinese equities or the m s c I Asia Pacific Index rise over three percent, and the yan Hovadna six l boosting the K two to five by three and a half percent. That was its best to day games

since April. In Singapore, Juliette Sally Bloomberg day break, All right, Juliette, thank you not Despite the recent pullback, one Wall Street firm says oil prices are heading a lot higher. Let's get that storyline from Bloomberg's Rnita Young. Good morning, Nita, Good morning, Nathan. Morgan Stanley is raising its Brent oil price forecast for the third quarter from a hundred dollars to a hundred twenty dollars a barrel. Analysts there are

citing tighter supply demand balances worldwide. Morgan Stanley says the US import band and self sanctioning in Europe mean Russian crewde production will drop by one million barrels a day, which will be visible from April onwards. Analysts are raising their estimate for three from nine five dollars to a

hundred dollars of barrel. Live in New York, I'm reneed a Young Bloomberg Daybreak, need to thanks right now, nymex Crud's flirting with a hundred dollars of barrel trading at ninety four cents brent is at a hundred two dollars sixty five. Straight ahead your latest local headlines in a check of sports. This is Bloomberg and it's now six o seven on Wall Streets. Still dealing with some fog

this morning, forty five degrees in Central Park. You got in an accident on the north bound Deagan at Yankee Stadium. Michael Bars here with more on what's going on in New York and around the world. Good morning, Michael, Good morning Nathan St. Patrick's Day. Celebrations in New York City and across the country are back after a two year hiatus. New York's Parade, the nation's largest and oldest, will go

up Fifth Avenue, starting around eleven am. New York Mayor Eric Adams says today you can call him Oh Adams. We said it in the spirit of the Irish Americans who played a major role in this city. Built in a Brooklyn Bridge, our mt A system, law enforcement. You look at the success of New York, you see the Irish contribution to it, and you should be proud to be Irish today and proud to be New Yorker is

and proud to be America's Mayor. Adam says in The parade was canceled as the virus hit the U S. White House Medical Advisor Dr Anthony Founci says Americans need to be ready to respond to another potential COVID surge if one occurs. Dr Faunci says older individuals may need

another vaccine booster. I don't think there's any doubt that sooner or later, particularly among the elderly, who have less of a robust immune response than a normal younger population, that sooner or later they will need a boost of a fourth shot. Dr Faunci has more than a thousand people a day are still dying of COVID in the US. It looks like the pandemic has led to the closing of the nine eleven You Museum in Lower Manhattan, according

to The Wall Street Journal. Museum officials say it will be likely closed permanently after running up too much debt. The Tribute Museum, with a staff of ten, was designed to serve the survivor community, while the nearby, better known National September eleventh Memorial Museum honors those lost in the attack. New York has expanded workplace harassment protection for all public employees and has banned the release of anyone's employment records

in retaliation for speaking up about alleged abuse. Actor Jesse small Lett has been released from jail in Chicago after an appeals court agreed with his lawyers that he should be free pending the appeal of his conviction for lying to police about a racist and homophobic attack. Global News twenty four hours a day on air and on Bloomberg Quick Take, powered by more than twenty seven undred journalist and analyst and more than a hundred twenty countries. I'm

Michael bar This is Bloomberg, Nathan. Thank you, Michael. Six on nine on Wall Street time for the Bloomberg Sports Update with John Stownshire and Nathan. The n C Double A Tournament. It begins in earnest. Today was sixteen game six team more tomorrow. By the late last night Dayton, Ohio, Notre Dame coach Mike Bray suggested there will not be a game in the attorney better than the one his

team that had just won. At the first four Notre Dame eighty nine Rutgers eight seven double overtime, both team shot over fifty. Paul Atkinson won it for the putback with one second left. It came just after midnight, so

technically the Irish won the game. On St. Patrick's Day, Iona lost its first round in I T game at Florida seventy nine seventy four easy win for the Knicks at the Garden over a Portland team that started three guys who weren't even drafted r J. Barrett's forty one Nets and MAV's in Brooklyn, Dadalls had the ball trailing

by one by the donches. She saw that left side as he crosses the front court with five up to the top with three donches with two gives it up to Tin Witty for three of the winn and he ferries it. The former Net comes back and spend sir ten winning on a game winning three. The Mavericks have defeated the Nets one thirteen to one. Ale love ITSPN. They called Luke at domps as thirty seven points for Dallas.

That was lost at Calgary six three Rangers, who on the trade with Florida, the team with the best record the East, set the draft pick to the Fanthers for Frank be Toronto gets traded a day after he scored the time and winning goals for the Fanthers. Freddie Freeman a fixture for eleven years at first base for the Braves, big part in winning the World Series last Wall, but now he's a Dodger six years, hundred sixty two million.

The Dodgers now have four m vps on their roster, with Freeman joining Clayton Kirschuk, Woody Bellinger at Lookey Beats, John stash Award Bloomberg Sports Okay, John, thank you. Futures moving lower, SMP futures downtown twenty eight points, Staff futures down a hundred eighty NASTAC futures onto decline by a hundred eight points. The tenure treasury is now up twenty one thirty seconds, the yield two point one one per cent. The Kremlin now says a report of major progress in

talks with Ukraine is wrong. Well the details next from Bloomberg's Rosalind Matheson. You're listening to Bloomberg, Dame Ring Bloomberg eleven three oh Weather areas of fog this morning, showers likely this afternoon, mid fifties for highs Sunshine tomorrow with a high in your seventy. Occasional rain low sixties for Saturday.

Right now, fogg forty five degrees in Central Park. Markets, headlines and breaking news twenty four hours a day at Bloomberg dot Com, The Bloomberg Business and at Bloomberg Quick Take. He's a Bloomberg Business Flash and I'm Karen Moscow. US dot Index futures are moving lower this morning, and stocks in Europe are as well. We check the markets every fifteen minutes throughout the trading day on Bloomberg s and P futures down twenty four points down, futures down one

fifty seven, and NASDAG futures down ninety two. Traders are digesting the federal reserves view that a robust US economy can weather the campaign against high inflation. The decks in Germany is down nine tenths of upper cent. The ten year treasury of two thirty seconds l two point one zero percent yield on the two year one point nine zero percent. Nine X scret oil is up more than four and a half percent of four dollars thirty eight cents at ninety nine dollars forty three cents of barrel.

Comic schooled up about one point nine percent, or thirty five dollars forty cents. In nineteen thirty announced the euro one point one zero three five against a dollar British pound one point three one seven zero begins at one eighteen point five seven and Bitcoin this morning is down one point four percent at forty thousand, six hundred to sixty eight dollars. That's a Bloomberg business flash. Now here's Michael Barr with more unless going on around the world.

Mchael Karen, thank you very much. Russian artillery destroyed a school and a community centered New York, Arkiev today. Yesterday an air strike ripped the part of theater where hundreds of people have been taken shelter in Mariupo. China has a firm Ukraine's friendship. China's Foreign Ministry endorsed its ambassador's

comments promising Beijing would never attack Ukraine. New data released by the Census Bureau shows the US grew wealthier, better educated, and poverty declined during the second half of the last decade. Today the boss will be yelling, are you filling out your bracket instead of working? No. Today's start of the n C Double A men's college basketball tournament begins in earnest I know you got yours done days ago. Yeah.

In the playing games yesterday, Right State and Notre Dame advanced NBA at Nicks one, Nets and Wizards and Laws, Celtics beat the Warriors, NHL, the Devil's and Bruins lost. Global News twenty four hours a day on air and on Bloomberg Quick Take, powered by more than twenty seven hundred journalists and analysts more than a hundred twenty countries. I'm Michael bar This is Bloomberg. All right, Michael, thank you for coming up to six twenty on Wall Street

Life from the Bloomberg Interactive Broker Studios. This is Bloomberg Daybreak, and Rosalind Matheson is with us this morning, Bloomberg News Executive editor for International Government. As we continue following fast moving headlines on the war in Ukraine, including this latest ras the Kremlin now saying that reports of major progress on talks with Ukraine are wrong. Give us a little

bit more. What more is there is the Kremlin saying this morning, Well, it's interesting that they've come out so publicly to say that today. Of course, yesterday they did say that they were optimistic, there were some signs of progress, but even on the Russia side there were very cautious, saying large obstacles remained. There were significant differences, for example, about how you qualify a question of neutrality for Ukraine and indicating they weren't yet near a deal. Of course,

the Ukraine side has been saying very much the same. However, there were reports overnight that quite significant progress had been made, in a fact, a deal might be imminent. So you're seeing Russia come out publicly today to say, actually that's not the case. There of course degrees of progress that are occurring here, but we're nowhere near the point where

we can say that significant progress is being made. Of course, these talks happening pretty much every day between officials by a video conference, but they're really focusing on bit by bit. The first step here is a more protracted cease fire, potentially for forty eight hours or something, to allow people to evacuate other parts of Ukraine, let alone getting to some kind of multi point peace still that would allow

the conflict to to finish completely. So even Russia at this side saying publicly things are nowhere near resolved here and this conflict indeed will go on. It's possibly also a reflection of the Russian president coming out yesterday again publicly on television and saying I am committed to winning this war. I'm going to see my plans through. And certainly you don't want a narrative coming from Russia to the to the counter of that, especially when the president

himself is saying it. Yeah, we've heard some really strong words, I think from just about all the leaders involved in this conflict, from Russian President Putin saying the country is going to be cleared of scum and traders, to US President Joe Biden branding Putin a war criminal. I mean, where does this set things up for these ongoing negotiations, which,

as you mentioned, we are expecting another round of talks today. Well, the key thing here really is at what point those talks go below beyond sort of which is sort of fairly low level of officials to small senior ministers, but particularly at some point the leaders need to come in That Ukrainian president has said repeatedly the only way to resolve this conflict, to get agreement is leader to leader, which means the Russian president needs to talk with him directly,

and so far, Vladimir Putin has made it clear that he doesn't intend to do so. He's not engaged at all. Until you get that kind of level of interaction where leaders can effectively sign off on a deal directly and agree.

At that kind of level, it's very hard to see how we get progress towards it um And given the retoric, of course that you're seeing that the Russian president says about Ukraine and the Ukrainian president says in turn about the Russian president, how you get them to even speak on the phone in a way that could be productive towards an agreement is also quite deficult to see, because they're all saying very very strong things about each other. But it will at some point possibly take that to

get us over the line to a deal. In the meantime, while Ukraine's president has been waiting for those face to face talks with a lot of imprudent he's been addressing houses of parliament around the world. Yesterday, he spoke virtually to the US Congress. This morning, he's been giving an address to Germany's lower house of Parliament. What kind of

impact is that having. We can see a very strong message coming from him consistently in all these speeches who's been giving to parliaments around the world, and that is to really advocate for the cause of Ukraine um and to plead for even more help that than has come in,

especially on the military side. He's grateful for the weapons that have come Certainly the Ain't anti tank missiles have been extremely important in allowing Ukraine to defend itself, but he also expresses a lot of frustration, saying he really needs countries to do a lot more. In the end, it is only Ukrainian truth fighting Russia on the ground, and he does sort of talk about the responsibility he sees of other nations in Europe, in the US and

elsewhere to do more. He repeats his calls for fighter jets, for no fly zones over Ukraine, all of which are incredibly difficult, of course, because they risk a broader conflict. You're going to bring NATO in total proximity with Russian forces. But that's his message is very much thank you for what you're doing. We're grateful for it, but we're still essentially fighting a war our celts on the ground, and unless you do more, at some point this fight may

come to you. Bloomberg's Rosalind Matheson, our executive editor for International Government, as always, thank you for keeping us up to speed on all that's happening in the war in Ukraine as we monitor the market reaction. Futures moving lower U following those comments from the Kremlin spokesman that reports of major progress in talks with Ukraine are wrong. SMP futures are now down fifteen points, the futures down n NASDAK futures lower by sixty five points. Tain your treasury

is up nineteen thirty seconds. The yell two point one one percent, and Bloomberg Daybreak is brought to you by the Jewish Communal Fund to j c f's Donor Advice Fund is the smart choice to manage your philanthropy, especially in times of crisis. Make your giving impactful. Visit j

c F n Y dot org. Broadcasting live from the Bloomberg Interactive Broker Studio in New York, Bloomberg E Living Freed to Washington, d C, Bloomberg nine one to Boston, Bloomberg one O six one to San Francisco, Bloomberg nine sixteen to the Country Sirius XM to A one ninet and around the globe the Bloomberg Business app in Bloomberg Radio dot com. This is Bloomberg Daybreak and at six thirty on Wall Street. Good morning, I'm Nathan Haggard and I'm Karen Moscow. We are just about three hours away

from the open of US trading. Time for the five things you need to know to start your day, Bronti you buy Interactive Brokers Simple ib k our Global Trader app, deposit in your local currency, and trade stocks in the US, Europe and Asia. Start your free trial at ib k r dot com Slash Global Trader up first. The Kremlin spokesperson says reports of major progress in Ukraine negotiations are wrong, but says more talks with Ukraine are expected today. Meantime,

careing Ukrainian officials are demanding a ceasefire as Russia's invasion continues. Yesterday, President Joe Biden announced the US is offering eight hundred million dollars worth of new weaponry to Ukraine. The American people will be steadfast and our support of the people of Ukraine in the face of Pudent's im moral and

ethical attacks on civilian populations. Where are united in our abhorrence of Pudens depraved onslaught, and We're going to continue to have their backs as they fight for their freedom, their Democracy their very survival. President Biden also called Russia's president Vladimir Putin a war criminal. On Capitol Hill. The

House votes today to revoke Russia's most favorite nation trade status. Meanwhile, Nathan, Russia announced it made a one d seventeen million dollar interest payment due on two dollar bonds to City Bank in London, but did not comment on if it was credited. Russia could renege on its obligations to foreign creditors for the first time since nineteen eighteen. Turned to market. Stock and bond investors reacted differently to the feds quarter point

rate hike. Bloomberg's John Tucker joins US Live with that, John Nathan, stocks, rallied bonds sold off. Five year treasury yields surged above ten year yields. That's an inversion that could signal recession ahead. The FED officials forecast indicated a steeper path of interest rates than before, and that's leading some to suggest the central Bank is in an inflation panic. On the swaps markets now betting seven or eight hikes for this year in New York, I'm John Tucker, Bloomberg Daybreak.

All right, John, thank you about despite the recent poemback one Wall Street firm says oil prices are heading higher, and we get the latest live with Bloomberg's re Needy Young. Good morning, Ready to good morning. Karen Morgan Stanley is raising its Brent oil price forecast for the third order from a hundred dollars to a hundred twenty dollars of barrel.

Analysts site tighter supply demand balances worldwide. Morgan Stanley says the US import ban and self sanctioning in Europe I mean Russian crude production will drop by one million barrels a day, which will be visible from April onwards. Analysts raise their three estimate from nine dollars to a hundred dollars of barrel. Live in New York. I'm Ranita Young, Bloomberg daybreak. All right, we need to thank you, and that's the five things you need to notice start your day.

Brought to you by Interactive Brokers, and this is Bloomberg. Thanks Karen sixe on Wall Street. Fog forty five degrees in Central Park. We got an accident in Hillside at eastbound Root twenty two at Blois Street, and Michael barrs here with what else is going on in New York and around the world. Good morning Michael, Good morning Nathan. New York. St. Patrick's Day Parade is back in Manhattan.

He was canceled in twenty because of the pandemic. Last year was a scaled down version, but this year feth Avenue will be packed with marches. New York Mayor Eric Adams it means so much to all of us to see this pit parade a return. When it's paused, we knew we will be back. Mayor Adams says. The parade will begin at eleven a m. New York Governor Cathy Hocal signed legislation expanding the state's anti retaliation protections where

people filing discrimination and sexual harassment claims. The law effective immediately makes the public release of an employee's personnel records grounds for retaliation claim. New details about that horrific head On Highway crash in West Texas. Nine people were killed, including six New Mexico College students and their golf coach returning from a tournament. To Other students are in the hospital. The driver of the other vehicle and a thirteen year

old passenger were also killed. Eric Weiss with the NTSB says the crash was a quote high energy event. It was a seventy five speed limit um, so that's the information we have on speed. We don't have the exact speed of the vehicles. Also, investigators will try to termine that it's believed the pickups werved into the van carrying the golf team. According to the NTSB zeric Weiss, two British citizens who had been jailed in around for more than five years have returned to Britain after the UK

settled a decade's old debt to a run. A third detainee was furloughed as part of the same deal. Actor Jesse's small Lett was released from the Chicago jail. An appeals court says he can be free while he appeals his conviction for lying about being the victim of a racist and homophobic attack. Molett's attorney, ninya Uch criticized the special prosecutor's decision to charge small Let again after the initial charges were dropped, adding, there are false reports against

black men in America every day. Why is it this one? What's really going on? Why people so charged about it? Right? This is ridiculous. Attorney Cha says small Lett and his family are very happy with the news. Global News twenty four hours a day on air and on Bloomberg Quittake, powered by more than seven hundred journalists and analysts more than a hundred twenty countries. Michael Barr, this is Bloomberg, Nathan, Thank you, Michael. Six thirty five on Wall Street. Time

for the Bloomberg Sports Update. Here's John Stash. All right, Nathan. Nick's back home from a seven game road trip. But they did better than expected with three wins. They had no trouble with Portland at the Garden. R J. Barrett thirty one points, much closer at the Barkley Center, where Spencers didn't when he used to play. His career really flourished as a net and he came back beat his old team with a game winning three at the Buzzer.

Dallas beat Brooklyn one thirteen to one. Eleven Devils lost at Calgary six to three. The Rangers made a trade with the deadline approaching, and they sent a draft pick to Florida for forward Frank Vetronto n C double a tournament. What a game at the first four and Daton, Ohio went doubled. Overtime didn't end. Go after midnight. Paul Atkinson, a put back with one second left, giving Notre Dame and eight eighty seven win over Rutgers. Iona season also

ended in night t loss at Florida. NFL free agency coinciding with the recent end of the baseball lockout, so signings in both sports. Von Miller to the Buffalo Bills, Freddie Freeman to the Dodgers, So the rich get Richard Chris Bryant to Colorado. The Yankees made the trade with the Twins, re signed Anthony Rizzo. They steered clear of the really high price guys, but own our house. Glenbinner has high hopes put the upcoming season. This is the

championship caliber team. Um. You know, I think the trade that Cash made was it was it was a great trade. Um. You know, we're gonna we're gonna miss the guys that that moved on, But um, I think we have we addressed one or two of the needs that we had. Um, but look, this team's got a lot of experience. It's a veteran team. They got a lot of heart, and I think we're gonna see great things. Better said, they will soon get to work on a new contract for

Aeron Judge John Stash at one Bloomberg Sports. Okay, John, thank you, six thirty seven on Wall Street. Let's take a look now, it's stocks, some of the names moving in the pre market with Bloomberg Radio and TV markets correspondent Crety gooped creaty. It seems like invest ers have moved from focusing on the FED back to headline moves around the war in Ukraine. Yeah, it really comes back down to that, because that's, at the end of it, the kind of key driver of inflation right now, at least,

I say, additional inflation. If you look at futures, they are down. But here's the good news, Nathan, they're not down as much as you would expect after two days of three percent or almost three percent gains in the in the stock market, So that's pretty good news. That being said, you are of course seeing some pretty downside moves. Only about twenty five stocks in the green right now, and most of them are going to be energy stocks.

Take a look at this Marathon Oil, your usual suspects here, up three percent, m R O S your taker, Haliburton as well, h A L up three percent, Devon Energy d V and up two and a half percent. And then there's occidental O x wise or taker up three percent as well, A really great story simply about who impact is buying accidental stock. It turns out it's Warren Buffett.

He is looking to build up his steak. He has been building up his steak, and you have seen his steak to fourteen point six percent, especially really getting built up in the last couple of days. I think um looking at this in a bet of a total seven billion dollars and accental and just eleven trading days. So that's why you use the accidental really gaining here. But of course part of that is going to be this geopolitics.

O x Y once again is your ticker there? Yeah, and once again we are watching a surge in crude oil prices as well. It could be playing into that also. Seeing some analyst moves of note this morning, some analysts moves, you know, I think we're back to the point where stocks are actually trading on with some of these analysts are saying as opposed to the geopolitical tensions that we were just talking about. We start with Ralph Lauren here.

This is a name that I don't bring up off in r L. Is your taker up nine tenths of a one percent, but seeing a lot of heavy volume in acticing just as much volume as Occidental is in the pre market this morning, So that is some interesting news there. JP Morgan upgrading Ralph Lauren to an overweight, announcing a one hundred and forty two dollar price target. Is trading around one hundred and fifteen right now, so

definitely seeing some upside there. Another one that is actually interesting to me is McDonald's m c d s your ticker. They're up just two tenths of one percent, not a huge move to the upside, but you did get some news Morgan Stanley cutting their price target on McDonald's two seven dollars from town four that of course citing a Russian Ukrainian impact, but still saying they are overweight on the stock. And remember McDonald's one of the fastest growing

markets is Russia. Actually, there was a story that Moscow, the Moscow McDonald's location was one of the fastest and busiest in the world. Of course before the war. McDonald's shares now trading out about two d and thirty dollars. Yeah, you saw some huge lines out of that first McDonald's in Moscow after they opened the Iron curtain back in the nineties. But it'll be really interesting to see as well if we get any more geopolitical analysts moves with

so many companies pulling back their Russia business. Bloomberg Radio and TV Markets correspondent Creedy Gupta keeping an eye as always on the pre market for US and as we look at stocks as a whole ahead of the St. Patrick's day open. It's red on the screen. Uh green if you're looking at commodities. Really but SMP futures right now are down fourteen points down, futures down ninety seven, NASTACT futures down fifty eight. The tenure Treasury is up

eighteen thirty seconds. The yield now two point one on the benchmark tenure. This is Bloomberg Bloomberg eleven three oh Weather. Some fog, some showers this afternoon with highs in the mid fifty Sunshine tomorrow with the high your seventy. Occasional rain returns on Saturday, low sixties for Saturday. Highs right

now forty five in Central Park. Markets, headlines and breaking news twenty four hours a day at Bloomberg dot Com, the Bloomberg Business Out and at Bloomberg Quick tape is a Bloomberg business flash and I'm Karen Moscow and futures are falling this morning. We go to the first Word Breaking News dash for today's morning call. Here's Bill Maloney, Bill, good morning, Hey, good morning, Karen. That's right. US features are in the red. Help by Russia de nine reports

of major progress in Ukrainian talks down. Futures certainly down a hundred and five points, sup Shop fifteen, NASTAC futures are lower by sixty the US ten year old at two point one two percent, Gold and Oil or bold Climate, but Bitcoin is down by one point four percent. Hong Kong rose a whopping seven percent overnight, while EUROPM markets are in the red, lit by one percent. Losses in Italy. Back in the US on the economic Fronday thirty initial

jobs claims, housing starts and Philly fed. In other news, Elmi Nickel trading was paralyzed by glitches yet again, and Tessa delayed get offering of more than a billion wrapping things up. Norwegian Cruise was raised to equate over Morgan Stanley. Union Pacific cut to center perform over at RBC Live from the First Breaking News dost scom Bill Maloney kre Hey, Bill, thank you to hear live breaking news over her Bloomberg Times. Squalk on your terminal, SCU you a w K. 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 Kremlin has thrown cold water on reports of major progress in peace socks with the Ukraine. Kremlin spokesman Tomitri Peskov says the reports are wrong. Meanwhile, China's Foreign Ministry endorsed supportive remarks by it's on void of Ukraine, in which Beijing delivered some of its most

supportive comments yet toward the war torn country. China's ambassador told the governor of Lviv Beijing would never attack Ukraine. Today is the start in Earnest of the n c Double A college basketball Tournament. In the playing games yesterday, Right State has earned its first men's tournament victory, and Notre Dame needed double overtime against Rutgers to advance. In the NBA. The next one, the Nets and Wizards lost. The Celtics beat the Warriors. In the NHL, the Devil's

and Bruins lost. Global News twenty four hours a day on air and on Bloomberg Quick Take, powered by more than twenty seven hundred journalists and analysts more than a hundred twenty countries. I'm this is Bloomberg. The following commentary is from Bloomberg Opinion. Daylight I'm Jonathan Bernstein, a columnist from Bloomberg Opinion. The Senate has passed a bill to make daylight saving time a year round thing. It now heads to the House. Momentum has been building within the

States for this change, and apparently senators were listening. Senate passage will alert any groups that oppose the switch. They'll push for the House to take it slow and risk averse. Politicians could be wary about something voters may eventually not like and definitely will notice. That's how Congress usually works. It's not guaranteed to address everyone's strongest objections, but it's

a good system for bringing them to lawmakers attention. Senate passage is also a good reminder that while the U S system is famous for having lots of veto points, House, Senate, President, courts, and more, it also has an enormous number of initiation points, giving more political actors an opportunity for meaningful participation is a strength of the Madisonian system, although it can also give narrow interests a way to affect public policy without

broad based support. Strength or not, it is certainly unusual. I'm Jonathan Bernstein. For more opinion, please go to Bloomberg dot com, slash Opinion or O P A n go on the Bloomberg terminal. This has 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. It is six fifty on Wall Street.

We turned to news and science and technology now with the Bloomberg and J I T. STEM Report brought to you 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 student upward economic mobility. More at n J I T dot E DU. Now here's just making news and science, technology, engineering, and math. You know the phrase you are what you eat. Nutrition scientists are getting to the bottom of what that means

with an emerging area of research called precision nutrition. It's a growing field of study that assumes each person may have unique responses to eating specific foods and nutrients, and blends data based on j NICs, behavior, socio economics, environment, and eating patterns to potentially develop diets that are personalized

to improve health. It's all part of a one D seventy million dollar program funded by the National Institutes of Health called Nutrition for Precision Health and China, the latest COVID outbreak appears to be easing. Authorities reported the lowest number of cases so far this week, and in the epicenter of the latest outbreak, Jillan infections have dropped from recent highs after the province was locked down on Monday, and robin Hood Markets plans to let users loan out

their stocks to other financial institutions. It's part of a push to compete with more conventional brokerages such as Fidelity in each trade. Robin Hood is best known for commission free stock and cryptocurrency trading. That's the Bloomberg and j I T Stem Report. Nathan Okay, Karen, thank you. We are live from the Bloomberg Interactive Broker Studios or to six fifty two on Wall Street and now to check

what's going on in DC. Some of the top stories in our nation's capital include President Biden ramping up military aid to Ukraine, including armed drones, the House to vote today on revoking Russia's trade status, and the Prime Minister of Ireland testing positive for COVID nineteen while in the nation's capital. For St. Patrick's Day, Let's bring back Bloomberg Government Congressional reporter Jack Fitzpatrick for all that's happening in

the nation's capital. Jack, Good morning. So we heard from Ukraine's president vladimir's Lensky addressed Congress yesterday and it sounds, judging from what President Biden had to say afterward, that it made quite the impression. Yeah, it did seem to make an impression. There was a lot of bipartisan admiration for President Zelinsky and a lot of praise for how how the speech went. UH. There there was some polite

push back. You know, Zelenski made the case for blocking Russian UH blocking airspace over Ukraine UH, and that is not something that lawmakers really went for. There's still, UH at least hesitation, really opposition from both parties towards doing that. There's some skepticism as to how heavy the U s should go with sending UH fighter jets to Ukraine. A lot of the support that the President announced yesterday was for anti aircraft weapons, UM javelins, anti tank tank weapons.

There were drones. They're sending a hundred drones, grenade launchers, that kind of thing, a bit more handheld, lighter weight issues. But yes, broadly there is a huge amount of bipartisan support for helping Ukraine. Continuing to have a conversation about potentially future bills that could add even more money in

defense and humanitarian aid. Uh and and so it's safe to say the speech went well for President Zelinsky and going forward from there, we're expecting a vote later today in the House on revoking Russia's permanent normal trade status. This was something that President Biden had been calling for last week. Yes, well, he actually got pushed originally by Congress.

They brought this up. The White House briefly pumped the brakes on that, uh, seemingly because the President has really been the one to run this kind of thing by European allies. So there was a bit of a delay actually on behalf of the President. And then the President announced, yes, he supports revoking Russia's preferred trade status. That needs action by Congress though, so the vote is supposed to happen

today in the House. UH, they expect bipartisans support. They're taking a procedural step that actually uh speeds things up. If they can get two thirds vote in the House. That's a sign that Democratic leaders expect very bipartisan support for this in the House, and it would probably have a good chance in the Senate. UH. And then of course there there are conversations about what comes next, but

for now, yes, they are. They're moving to make official what you have heard from the President on revoking Russia's trade status, which would allow higher tariffs on any Russian goods in the US. And finally, Jack, we're getting multiple reports that the Irish Prime Minister has tested positive for COVID during his annual St. Patrick's trip to Washington. Yes, he he is in Washington and he was supposed to meet with President Biden today. They have not ruled out

doing some sort of virtual meeting. But clearly after he UH tested positive with a PCR test, after there were all these events going on, he tested negative with one of the more rapid tests, then got a positive result

back from a PCR test. So it does not seem that the events going on, the meetings between him UH and President Biden that were expected uh this morning and into the afternoon are going to happen unless they can come up with some sort of virtual meeting, which is actually what happened a year ago because of the high number of case counts UH. There So, so the President Biden will will still not have an opportunity to meet

in person with the Irish Prime Minister Michael Martin. Just yet another reminder that covid' is not quite done with us yet. Thanks Jack, good having you with us this morning. That's Bloomberg Government Congressional reporter Jack Fitzpatrick. And you can read more about all these stories on Bloomberg dot com or on the Bloomberg terminal. When you're in Washington. Listen to Bloomberg Radio at Bloomberg nine one and one oh five point seven F M H D two Karen, Thanks Nathan.

It is sixty six on Wall Street. This is Bloomberg Daybreak, and March is Women's History Month, and every day this month we're celebrating significant moments in women's history. Now with your installment for March seventeenth, here's Bloomberg's Nita Young on this day in women's History. In nineteen sixty nine, Golden may Yor is elected as Israel's first female prime minister. She was only the country's fourth prime minister. Mayor began

her career as a Zionist labor organizer. Later on, she held several positions within the Israeli government, including Minister of Foreign Affairs and Minister of Labor, and upon the sudden death of Prime Minister Levi Eshkal in nineteen sixty nine, Mayor was chosen as his successor. During her career, Mayor

gained a reputation as a savvy diplomat. She saw the country through the Yam Kippur War in nineteen seventy three, after Syria and Egypt launched a surprise attack on Israel, and partially due to her ailing health end age, Mayor resigned in October nineteen seventy four. That's today in Women's History. I'm rened to young Bloomberg Radio. Need to thank you and again. Futures are lower this morning. SMP future is

down about eleven points and down. Futures down seventy two, NASDAG futures down forty one and a ten year treasury of seventeen thirty seconds, the yelled two point one two percent, and Bloomberg surveillance is just straight ahead. For Nathan Hager, I'm Karen Moscow, and this is Bloomberg