Bloomberg Daybreak: March 21, 2022 - Hour 2 (Radio)

today for President Biden. Supreme Court nominee plus Justice Clarence Thomas has hospitalized. I'm Michael barn More Ahead, I'm John stash Our. In sports, the n C Double A tournament field trimmed the sixteen, a win for the Rangers, losses

for the Islanders and Nick. That's all straight Ahead on Bloomberg day Break on Bloomberg Elementary on 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 at Good Morning I'm Nathan Hager and on John Tucker. Daybreak being brought to you by Interactive Broker's

Simple i b k R Global Trader app. Deposit in your local currency and trade stocks in the US, Europe and Asia. Start your free trial at i b k R dot com slash Global Trader. The futures are lower to start the week at six o one on Wall Street. We checked the markets every fifteen minutes during the trading day. On bloomberg SMP futures are down five point. Staff futures down a hundred one. NASTAC futures are lower by forty four points. The tenure treasury is down nine thirty seconds.

The yield two point one eight percent. John Nathan will have more on the markets in the minute. The first we had breaking news out of Asia. There are reports of the commercial plane crash in China. Bloomberg's Michael bar It joins US line with the very latest Michael, good morning, Good morning John. Chinese media report of Boeing seven thirty seven n G carrying one two passengers as Ashton Southwest China.

Radar tracking from flight Radar twenty four shows that China Eastern Airlines flight took a steep descent as it was headed toward the province of Guangzhou. The New York Times says local officials saw flames and smoke rising from a hill sign in the area. Chinese State television says a rescue team as as symboled and his approaching the site. So far, China Eastern and Boeing have not been available

for Common in New York. Michael Barr Bloomberg day Break, John Thanks Michael shares a bowing down almost seven percent at early tridding following that reported crash. We're being you know the latest details all morning right here on Bloomberg Radio. On In the meantime, John, we shift our focus down to the war in Ukraine as intense attacks continue. Ukraine is rejecting Russia's demand to surrender. Mary Paul bloombergs Baxter has the details. The Kremlin has said that if that

was done, it would open humanitarian lanes. Ukraine said no, and Defense Secretary Lloyd Austin says the Russians may not be able to take Marapo. You haven't taken it yet, and we've seen in the paths that the Ukrainians have counterattacked that they've they've used their initiative to to move things around on the battlefield uh and and they presented some significant problems for the for the Russians. Meanwhile, more U S weaponry is expected to arrive in the next

few days. In San Francisco. I'm at Baxter Bloomberg Daybreak. Thank said Ukraine's President Philadimir Zolensky is asking for more help. He addressed Israel's parliament, calling out hesitancy to provide military aid to and join in international sanctions against Moscow. Did not Could you explain why we are still appealing to the world in many countries appealing to you for help.

Is it indifferent calculation or mediation without choosing side. I leave it to you to choose the answer to this question. I only note one thing that indifferent skills. Ukrainian President Zelinski has renewed he is affor it to negotiate with Russia's bladmir putin in Aida. Zelinski says Moscow is starting to use more destroy artillery in its attacks. The President Biden heads to Brussels for NATO summit this week, John, but before that trip he'll speak with European and UK leaders.

This morning, Amy Morris has details from our Bloomberg room in Washington. President Biden's talk with the leaders of France, Germany, Italy and the UK is set for eleven this morning Wall Street Time. While in Europe, the President is also expected to visit Warsaw, where he'll meet with Poland's President

Andre DooDah. Sources tell Bloomberg that later today, senior US officials, including Treasury Secretary Janet Ellen and National Security Advisor Jake Sullivan, will meet with executives in the energy, refining, financial services, in manufacturing sectors. Leaders from ex On Mobile, JP, Morgan Chase and other firms are expected to attend the off the record discussion about the global push to sanction Russia,

up ending supply chains and exacerbating inflationary pressures. In Washington, on Many Morris Bloomberg Daybreak Thanks, Russia has begun using hypersonic missiles against Ukraine. It's a shift in strapp g that may signal a new phase of the war. Analysts expect more air power to be used as the Russian ground campaign stalls. NATO Secretary General Ian Staltonberg is also

worried about chemical weapons. We know that Russia has used chemical agents uh in Europe before against their own political opponents, and they Russia has been facilitating supporting the outsold regime in Pseudo where chemical weapons has been used. So this is something we take extremely serious. NATO Secretary General Ian Staltenberg made the comments on NBC's Meet the Press her Sundays on Bloomberg Radio. No end to the war. Inside

John oil is surging for a third day. Attacks by Iranian backed rebels on energy facilities in Saudi Arabia are also adding to the upward pressure. Crude is rallied almost fourteen percent since Wednesday. Checking prices now, Nimex crude is up three point six percent, or three dollars seventy six cents at a hundred eight dollars forty six cents of barrel. Brand is hired by three to half percent at a hundred eleven dollar sixty five cents, and his crude climbs

inflation remains front end center. Today, J Powell gets another chance to weigh in on the matter. The vetch here makes remarks and answers questions at an economics conference in Washington. Critics like former Treasury Secretary Larry Summers, says the Central Bank needs to hike rates more aggressively. We've got to raise interest rates by more than four percentage points. We've got to raise them by four percent to stay neutral.

We probably have to raise them more than that. So I think ultimately we're gonna need a four or five percent interest rates levels they're not even thinking of as conceivable. Former Treasury Secretary and Bloomberg contributor Larry Summers was against on Bloomberg's Wall Street week heard weekends on Bloomberg Radio and television as stay tuned for those remarks from j. Powell will bring those to you live coming up just before one pm Eastern. On the corporate front this morning,

some merger Monday news. Berkshire Hathaways agreed to buy insurance comp the Alleghany for eleven point six billion dollars That works out to a twenty premium to Alleghany's last closing price. And private equity firm Toma Bravo has agreed to buy San Francisco based software company and A Plan and a deal valued at ten point seven billion dollars. Shares a Vanna Planner up almost twenty seven percent in early trading. This is Bloomberg at six or seven on Wall Street.

Let's bring in Michael Barnet to find out what else is going on in New York hand around the world. John, thank you very much, sir. The Senate Judiciary Committee is set to beginning It's his story of Confirmation. Hearing is today for Judge John G. Brown Jackson, year old federal judge would be the first black woman on the Supreme Court. Jackson is expected to present an opening statement, then answer questions from the committee's eleven Democrats and of love and

Republicans over the next two days. Senate Minority Leader Mitch McConnell says he is keeping an open mind. I'm gonna listen to the hearings and by the way, she'll be treated much better than democrat as are typically treated Republican nominated like Clarence Thomas and Brett Cabita Arts. Senator McConnell spoke on CBSS Face the Nation, which can be heard Sundays on Bloomberg. Supreme Court Justice Clarence Thomas remains hospitalized

with flu like symptoms. According to the Supreme Court, Thomas is being treated with antibiotics for an infection and is resting comfortably. The new subvariant of the coronavirus has the attention of the nation. Stop infectious disease. Doctor Dr Anthony Fauci says the new coronavirus b A two subvariant is about fifty to six more transmissible than omicron. It does have an increased transmission capability. However, when you look at the cases, they do not appear to be any more severe.

Dr Fauci says that's the good news, but he warns b A two could lead to an increase in COVID cases in the weeks ahead. Overall, sickness and hospitalizations have dropped to pre pandemic levels. Fauci spoke on ABC's This Week, which can be heard Sunday's right here on Bloomberg. Fans welcome back the Cinderella team of the men's n Z Double A Tournament. Jersey City St. Peter's University got a

hero's welcome when they return Sunday. Everyone has a Peacock Nation is like, this is crazy because we're such a small school. Over the weekend, the fifteenth seed advanced to the sweet sixteen. Peacock's guard Darryl Banks, this doesn't amazing, you know, just growing up what if by basketball? And this is kind of always that you live for it

as you dream of. Guard Darryl Banks and his St Peter's teammates now take on pur Due this Friday, Global News twenty four hours a day on air and on Bloomberg Quick Take, powered by more than twenty seven hundred journalists and analyists more than a hundred twenty countries. I'm Michael Barron. This is Bloomberg, John, Michael, thank you, and it's coming up on six ten on Wall Street. Time

down for the Bloomberg Sports Uptake. Here's John stah Shower, right, John n C Double A tournament field is down to the sweet sixteen and includes Duke. Mike Schowski's coaching career. Not over. Yeah, Blue Devils pulled away. Wait, I eat Michigan State a sweet six states just with talent, you do it with character and uh, that's that's what my teams have had. But it's not like I've given them that.

We've recruited that and we've made use of him. Coach k and Duke now headed out to San Francisco to play Texas Techa, who just got by Notre Dame. A two seed went down. Auburn lost to Miami in a one Seed nearly went down, but Arizona survived in overtime over TCU eleven seat at Iowa State is moving on. The Cyclones went too and twenty two just last year, also advancing Billeova, Houston and Purdue. And Purdue his next

from Cinderella St. Peter's. That game is Friday night in Philadelphia at the Guard of the Next had recent wins over Portland and Washington, Utah much better team the Jazz won one O eight to ninety three. Is Donovan Mitchell scored thirty six points. Are J Barrett had twenty four for the next. What a weekend for the Rangers road wins first at Tampa Bay at the two times depending

Stanley Cup Jampson. Last night at first Place Carolina was to nothing with backup goalie out of stores you have making forty four stads goals by Chris Pryder his forty one in the recent acquisition Frank Metrono. The Hurricanes hadn't lost a home game in regulation and over two months Islanders lost in Philadelphia to the one. The Red Sox signed free agents George dot Travor's story. They plan to

use him at second base. He put up big numbers with Colorado whe the numbers tend to inflate, but he's had thirty seven and thirty five home runs. Easy. John stash Allan Bloomberg Sports John all Right, John, thanks a lot. Right ahead of the cash open on Wall Street, we have futures right now in the red. The down futures one hundred thirteen points lower, that's down three tenths of a percent, SMP EVENI future six points lower, that's down

a tenth of a percent this morning. And then Izak E many futures forty four points slower, three tenths of a percent lower after last week's games in the markets, and as we look at treasuries right now, the benchmark ten year yield at two point one to eight percent, that is a three basis point the two year yield of four basis points at one point nine eight percent. You're listening to Bloomberg Debreak, Debreak, brought to you by Audie. Don't let someone else drive off of the Audi model.

You always want to visit your try stating area AUDI dealer to get behind the wheel of yours today, or visit Audi offers dot com for more information, markets headlines and breaking news twenty four hours a day at Bloomberg dot com, The Bloomberg Business at and at Bloomberg Quick Tape. He's a Bloomberg Business Flash Nathan Hagar. Futures and European stocks are wavering. Crude oil is extending its climb as investors monitor diplomatic efforts to try to bring the an

end to Russia's nearly month old war in Ukraine. We checked the markets every fifteen minutes during the trading day on Bloomberg. Right now, SMP futures are down eight point staff futures down a D seven, NASTAC futures are lower by fifty points. The ten You're try trees down eight thirty seconds. The yield two point one seven percent yield

on the two year one point nine seven percent. Nime X screwed is up three point percent or three dollars cents at a hundred eight dollar sixty five cents of arrol comex gold little change down ten cents nine eight announced. The euro one point one zero five four against the dollar. The pound at one point three one four six the end one nineteen point to one. Quick check a bitcoin, it's a touch higher at forty one four hundred dollars. That's a Bloomberg business flash. Now here's Michael Barr with

more on what's going on around the world. Michael Nathan, thank you very much. Chinese media reports of Boeing seven thirty seven n G carrying a hundred thirty two people has crashed in southwestern China. Radar tracking from flight Radar twenty four shows that China Eastern Airlines flight took a steep descent as it was headed toward the province of guang Shu. Chinese State TV says a rescue team has

assembled and is approaching the site. Ukrainian officials have definantly rejected a Russian demand at their forces in mary Opal lay down arms and raised white flags in exchange for safe passage. The Senate Judiciary Committee is set to begin It's His Story confirmation hearings for Judge Katangi Brown Jackson. The fifty one year old federal judge, would be the first black woman on the Supreme Court. In college basketball, the Man's n C double A Sweet sixteen is set.

Duke Kansas and Villanova advance. Yesterday in the NBA, the Knicks and Warriors lost. The Celtics won in the NHL, the Rangers won, the Islanders and Capitals lost. Global news twenty four hours a day on air and on Bloomberg Quicktake, powered by more than twenty seven hundred journalists and analysts more than a hundred twenty countries. Michael Barr and this is Bloomberg John, Michael, thank you, coming up on six Wall Street. We are live from the Bloomberg Intanto Brokers Studios.

This is Bloomberg Daybreak. As we've been telling you, we have reports of a commercial passenger jet crash in China. Late breaking, still developing story. Let's find out what we know right now from Bloomberg's Will Davies in Hong Kong, who's following the bury late. What details can you impart to us right now, Will, John? Yeah, yeah, we still haven't developing. Still situation, that's unclear. What caused the cat the crash. It went the plane went down in a

sort of wooded mountainous area. There is footage emerging on social media and China sharing the hillside in flames. The plane was carrying and thirty two people that's hung in twenty three passages and nine crew. It was heading towards Guangzhou in the south, a big manufacturing city, one of China's biggest cities, and it was flying from Kummin, which the capital of Yunnan Province in the southwest of the country. China Eastern was the air airline that's one of China's

big biggest carriers, but based out of Shanghai. Um You know, it's a major state run carrier. So we haven't heard from them. They haven't made an announcement officially. I think they've acknowledged m the crash has taken place, but obviously they haven't come up with us. And yet they're sending a team down and President hues into in just issuing some comments now urging an investigation to find out what caused this crash. What do we know about the Boeing

model that's involved. How does that differ from the Max? Uh, Yeah, it's a proceding model to the MAX. So the seven eight hundred next GM, it's uh, it's got a good safety reputation. Um the Max isn't allowed to commercially, hasn't been fully authorized the return to commercial service in China, So this is the model before that, and it had one of a good safety record. I think Bowie said

in twos and eighteen. Around that time there have only eight Taple actidents involving that model out of more than seven thousand of those aircrafts sold. But that's actually a matter of tragedy. It looks it looks that way for sure. Um and it's bad news for Bowing as well as their share Pope looks to be dropping pretty fast in pre market. Yeah, and Bowing has not had a very smooth riot again. China in terms of the aviation regulators there has it. Yeah, I mean, there was progress made

towards the un grounding of the Max. Most other markets around the world of the term the Max to the sky, the China which is the first to ground in March nineteen after the crash in Ethiopia. That's it's still remains grounded commercially anyway, There's been some test flights and it was looking like that it could be. I mean, they've given the initial approval for it to return, but it hadn't entered back into commercial service yet. So and there's

various complications that have added to delayed. You know, the trade disputed between the US and China. UM, so the relationship between the two countries wasn't having the particularly smooth for several years, and their China is a huge market for Boy, so they've had a tough time trying to get the Max back in the air and it was just looking you know, it could have been a matter of weeks that it was going to return to commercial service US. But I'm not sure how this will impact that.

What's the safety record of the airline involved, do we know? Yeah? I mean China's got well sunny in recent decades, a good good safety record. It's a trout of its recorded and flying China Eastern, like I said, one of the main state run carriers. It's hadn't had a crash since two thousand four. Fatal crash anywhere in the last rate of crash in China was twelve years ago in twenty ten, so it's had a good record of aviation safety in China.

Bloomberg's Will Davies joining us from Hong Kong this morning. Will, thanks for the update. Appreciated again. Boeing seven thirty seven, eight hundred n G next generation plane operated by China Eastern Airlines crashed in the southwestern Chinese province that they well onety two people on board. One hundred and twenty three passengers and nine crew members. It is six twenty four on Bloomberg. This is Bloomberg Daybreak. We shift our attention out of the war in Ukraine. The fighting and

evacuations have led to the humanitarian crisis. The flood of refugees continues into Europe, and Bloomberg's Agge Cantrell joins us this morning reporting from the u n World Food Program depot in Poland. And correctly, if I'm wrong, Aggie, but it's one gigantic warehouse there. What's what's the situation on the ground. Yes, so it's a really massive warehouse here that's currently being used by both the U n a c R and the World Food Program in order to

ship out supplies to Ukraine. I've been speaking to people here saying that um the U n a c R Is providing everything from betting to solar lamps for people

on the ground. Because it's really important to remember that in lots of parts of Ukraine right now, there is a complete lack of critical infrastructure, and cities like Mariopol, which we've heard is been under bombardment since March second, we've been seeing uh many people without food without water, and so this is a direct humanitarian crisis as well as war. Hey can the aggressor in this case, Russia distinguished between shipments of critical supplies humanitarian aid and arms supplies.

Things you need to notice start your day. Brought to you by Interactive Brokers. Interactive Brokers charges margin loan rates from zero point seven five to one point five eight percent rates subject to change. Learn more at ib kr dot com slash compare. We'll begin with the breaking news out of Asia. As we just heard from Bloomberg's Will Davies, there are reports of a commercial plane crash in China. Bloomberg's Michael bar joins US Live with the very latest.

Good morning, Michael, Good morning Nathan. Chinese media reports Boeing seven thirty seven en G carrying on two people, as crashed in southwestern China. Radar tracking from flight Radar four shows that China Eastern Airlines flight took a steep descent as it was headed toward the province of Guangzhou. The New York Times says local officials saw flames and smoke rising from the hillside in the area. Chinese state televisions as a rescue team as assembled and as approaching the

side live in New York. I'm Michael Barr Bloomberg Digger, Michael, thank you. We now turned to the latest developments on the war in Europe. Ukraine rejecting Russian demand that its forces lay down their arms and lead Maripol. More taunts expanded later today. Yesterday, Ukraine's President philadimir's Lensky addressed Israel's parliament, calling out hesitancy to provide military aid and join international sanctions. Could you explain why we are still appealing to the

world in many countries appealing to you for help. Is it in different calculation or mediation? Without choosing side, I leave it to you to choose the answer to this question. I only note one thing that in different kills. Ukrainian President Zolensky renewing his offer to negotiate with Vladimir Putin and ape Zelinsky says Moscow has started using more destructive artillery in its attacks, but that artillery includes hypersonic missiles.

John and analysts say that marks a shift in strategy, with Russia using more air power as its ground campaign stalls. Lloyd Austin is the U S Defense Secretary. I would not see it as a game changer. I think again, the reason that he's resorting to using these types of weapons is because he's trying to re establish some momentum.

Secretary Defense Lloyd Austin made the comments on Face the Nation from CBS, heard Sundays on Bloomberg Radio and coming up today, President by the space with European leaders ahead of his trip to the continent this week. Senior US officials also meet with executives from ex On Mobile, JP Morgan and other firms to discuss the impact of sanctions, and traders are also looking out for a speech today from FED Chair J. Powell. He will make remarks and

answer questions at an economics conference in Washington. Will bring that to you live around one pm Eastern time. And that's five things you need to notice start your day. Brought to you by Interactive Brokers. SMP futures are now down ten points, Stown futures down a hundred forty, NASTAC futures lower by fifty seven points ten. Your treasury is down eight thirty seconds. The yield two point one seven percent, yield on the two year note one point nine seven percent.

Nime X screwed is up three point nine percent of four dollars twelve cents at a hundred eight dollars eighty two cents of barrel comics gold down two tenths percent, down three dollars thirty cents at nineteen thirty sixty announced, and the euro is at one point one zero five zero against the dollar. Straight ahead local headlines in the

check of sports. This is Bloomberg. Nathan thanks sixty three on Wall Streets, hands sound to bring in Michael barn to tell us what else is going on in New York hand around the world, John, thank you very much. There are the confirmation hearings for President Biden's first Supreme Court nominee or schedule to get underway today. Judd Katon G. Brown Jackson, who is the first black woman to be

nominated to the Supreme Court. Republican Senator John barrass So we're going to have a fair process and a respectful process, unlike what the Democrats did to Justice Capitaugh. Republican Senator Josh Holly last week tried to discredit Jackson in a barrage of tweets, saying she was soft on crime. Democratic Senator Dick Durbin says that Holly's claims have been fact checked and discredited, saying Holly's base is far from centrist.

He's part of a fringe within the Republican Party. This was the man who was fist bumping the murderous mob that descended on the Capitol. Senators Durbin and Barasso spoke on a d c S this week, which can be heard Sundays on Bloomberg. We're learning that Justice Clarence Thomas was hospitalized with flu like symptoms and treated with antibiotics for an infection. The Supreme Court said the seventy three year old justices symptoms have eased and he is resting comfortably.

Even with COVID cases down, US health officials said they're expecting more cases with the new B A two variant, though a large surge is unlikely. Dr Anthony Fauci says, well, the B A two symptoms are not typically severe. It is even more contagious than it's O macron predecessor. It's about fifty or so more transmissible, which means ultimately, over time it might take over as the dominant variant. Dr

Anthony Fauci. There have been more than seventy nine million cases of COVID in the US alone and more than nine deaths. The U. S. Marine Corps identified the four Marines who died when their Osprey aircraft crashed Friday night in the Norwegian town in the Arctic Circle during an ATO exercise. All four were out of Marine Corps air Station New River, North Carolina. The cause of the crash

remains under investigation. Global News twenty four hours a day on air and on Bloomberg Quicktake, powered by more than twenty seven hundred journalists analyists more than a hundred twenty countries. Michael Barr and this is Bloomberg, John, Michael, thank you, six thirty five Wall Street Time. Then for the Bloomberg Sports update, here's John Stashwer. Thanks John. The n C Double A Tournament Sweet sixteen includes three one seeds, two twos, two threes, and three fours. But it wasn't easy for

many of the favors. Certainly not for top seed Arizona, who needed over time to get by t c U, or for Duke who beat Michigan State e D five seventy six. It was closer than that. Blue Devils pulled away late in the wind, means Mike Kazevski's coaching career not over yet. Duke now plays Texas Tech Perdue. Beat Texas Perdue was up next for St. Peter's The Cinderella Pea Cops could have plenty of fans support Friday's games.

Just down the road from Jersey City in Philadelphia. Wins last night for Miami at Iowa States, and they'll play each other on Friday. That means a double digit seed is guaranteed of being in the Elite eight. The next SLIMP playoff hopes took a hit, beaten by Utah at the Garden. One of the eight nine three. Donovan Mitchell scored thirty six points. Ardre Berry had twenty four. Second place Rangers visited first place Carolina. The game was scoreless

second period. Right just trying to er, but it picks back out behind the aplawfing gear to the park morning climb. The blue lot gets the back out of the car. When the shot the flection and it's scored, it gets in front of that. It's Chris Bryder his forty first goal of the year, and the Rangers get so one could not to lead on just their eighth shot of

the game. The EPN at the called Frank Retronto. The Rangers just picked up last week had an empty netter Rangers one to nothing there forty if win forty four stays in the shutout for Alex Georgie at Islanders lost in Philadelphia to the one in Tampa. Yanks got a grand slam from his Waldo Cabrera, but the Tigers with four in the ninth one, eight and seven of Seve Areno gave up four and so did David Peterson the Mets loss of the Cardiners reports it was John stashually

were Bloombird Sports. John, all right, thanks a lun John, and he is now six thirty seven on Wall Street. Time to take a look at stocks, some of the names that are moving in the pre market. Ever, then we're joined by a Bloomberg Radio and TV markets correspondent Critty Grouped. Of course, the news out of China certainly affecting one of the stocks UH in the pre market this morning. It absolutely is you have Boweing shares have taken quite a tumble this morning, b as your taker,

down eight point two percent in the pre market. This, of course, to your point, comes after a China Eastern Airlines. Boeing seven thirty seven plane was carrying a hundred and thirty two people crashed in china southwestern province of Guangshi. Important to keep in mind here for Bowing investors of bears and bulls is that this is not a seven thirty seven Max, so this does not go to the

issues that they have had previously. Nevertheless, the next gen N I believe, so which is the predecess I've preceded the max right exactly. Um so be A once again down eight percent, but it's also affecting UH the Chinese Eastern Airlines A d R, so those are down some sixteen percent. The ticker there's just C E A and then you have the airlines also dropping in tandem. No surprise there. When Boeing drops, the airlines tend to follow.

United U A L is your taker down four point four percent, Southwest as well, LUVS your taker there down four percent. Of course, American A L down two point nine percent out of really we're seeing in the last in the top six stocks two through six are all airline related, so you can really see that this is a pretty big weight when it comes to what's dropping in the pre market. Um Warren Buffett was in the news this morning. They were making I guess it's an

insurance acquisition. It looks like it. Alleghany. I believe it's how you propose it, Alleghany from Pennsylvania. I tried, I'm from Texas, man. We don't we don't have that For eleven point six billion dollars in calfs. The ticker is just why up six percent in pre market, especially even though it's Alleghany, you know which was legion to believe, Pennsylvania, Alleghany Mountains. It's a New York based company. Oh, this is a lot of North Northeastern Seaboard knowledge I do

not have. But thank god for John Tucker for that insight. We should get to some of the other deal news this morning is also dropping stocks and Nielsen Holdings n l s n as your Taker, down six after rejecting an acquisition proposal from a p E company. If I had the company at twenty five dollars and forty cents a share, a price that Nielsen says doesn't adequately compensate shareholders for Nielsen's growth prospects, never the one it Nevertheless,

investors seemed to in the pre market. I think they should have taken the deal once again. N L S N down. I'm gonna throw one more at you here and a plan p l A and as your taker soaring twenty seven percent after tom A Bravo agreed to acquire it in a deal value to ten point seven billion dollars. Just another deal to keep your eye on. Deal news merger Monday. Right okay, Crety, thanks a lot,

appreciate it, uh. Bloomberg TV Market Scorres bought a Cretty Gupta And as we look at the markets right now ahead of the cash open on Wall Street after yesterday last week's surge, this morning future is in the kid a lower open on Wall Street. We have down futures right now one and forty nine points lower, that's down four tenths of a percent. The smp E mini futures they're down twelve points, that's down three tenths of a percent. And then as day Kemmuny futures sixty one points lower.

And we're being brought to you by the Jewish Communital Fonts j CPS donor Advised fund. The smart choice to manage your philanthropy, especially in times of prices, make you're giving impactful visit j c f n Y dot org. This is Bloomberg day Break and the Bloomberg Weather fort today from Gary Bass Sunny Skies. The high temperature topping out about sixty could see some showers after midnight and tomorrow,

partly sunning the high again. There's sixty degrees. Markets headlines and breaking news twenty four hours a day at Bloomberg dot com, the Bloomberg Business at and at Bloomberg Quick Tape. He's a Bloomberg Business Flash. I'm Nathan Hagar. Futures are on the decline this morning. Let's go right over to the First Word breaking news desk for today's morning call with Bill Maloney. Good morning Bill, Hey, good morning Nathan. That's right. US features are in the red right now.

Aday futures down a hundred and thirty five points, Sapes drop nine, while the Nastik futures are off by fifty. The US ten year old at two point one eight percent, Gold is up three, Oil is climbing, but bitcoin is a little changed. RPM markets are quiet this morning, and back in the US on the economic Frinday thirty, Chicago fed in deal News, Berkshire Hath the Way to buy Allegheny Corp. For eleven point six billion, and another news that Bowing is down eight percent pre market after a

seven thirty seven jet crashed in China. Spirit Aero Systems is also down eight percent pre market. Wrapping things up, Fortune Brands was called to hold the Jeffreys Air Products race to overweight at JAPE and Morgan and BlackBerry is raised to sector perform over at RBC Live from the first breaking newsscon on Bill Maloney, Nathan Okay, Bill, thanks to here live breaking news over your Bloomberg type squawk on the terminal s q U A go. That's a

Bloomberg business flash. Now here's Michael Barr with more on what's going on around the world. Michael, they thin, thank you very much. Chinese media reports uh Boeing seven thirty seven n G carrying one thirty two people as crashed in southwestern China. Radar tracking from flight Radar twenty four shows the China Eastern Airlines flight took a steep descent as it was headed toward the province of guang Show. The New York Times says local officials saw flames and

smoke rising from a hillside in the area. Joe Biden will speak with European leaders ahead of the president's trip to the continent this week. Meanwhile, showing continued overnight with a large shopping center on the outskirts of Kiev, killing at least six people. Ukraine has rejected a Russian demand for its forces to lay down their arms and leave Mariople. In college basketball, de Men's NZ double a Sweet sixteen is set. Duke Kansas and Villanova advanced. Yesterday in the NBA,

the Knicks and Warriors lost, The Celtics won. In the NHL, the Rangers won, the Islanders and Capitals lost. Global News twenty four hours a day on air and on Bloomberg Quickday, powered by more than seven hundred journalist analyist and more than twenty countries and Michael barr and this is Bloomberg. The following commentary is from Bloomberg Opinion. New York City's economy still hasn't caught up. I'm Justin Fox, the columnist

for Bloomberg Opinion. The big job market story of the past year in the US has been one of high demand for workers and a less cheap and abundant supply of labor than employers had gotten used to. Not in New York City, where unemployment is almost twice the national rate and there's still six percent fewer jobs than before the pandemic. How does this square with reports of skyrocketing rents and tech workers flocking to the city. Well, New York City real estate is weird, and tech workers are

flocking to the city. There just aren't nearly enough of them to make a dent in the overall numbers. Most New Yorkers work in less glamorous, lower paid jobs, and there are still fewer of those in the city than there were before the pandemic. I'm justin Fox. For more opinion, please go to Bloomberg dot com, slash Opinion or O P I n go on the Bloomberg terminal. This has been Bloomberg Opinion. You can hear Bloomberg Opinion commentaries every

weekday at this time. Terminal customers can read more at O P I n go. It is six fifty on Wall Street. Let's turn to news and science and technology now with the Bloomberg n j I T STEM Report. It's brought to you by 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 d U now Here's what's making news and science

technology engineering at MATH. In Hong Kong, the government has scrapped some coronavirus travel curves and laid out a roadmap to ease social distancing measures. A ban on flights from nine countries including the US and UK will be lifted, plus the amount of time travelers spend in mandatory hotel quarantine will be cut in half. In the UK, Prime Minister Boris Johnson is turning to the nuclear and wind

sectors to try to boost his country's energy security. Johnson is meeting with leaders from the nuclear industry today and win company CEOs in the coming days. The war in Ukraine has caused oil and gas prices to soar, and Kuwait is among the hottest places on Earth. In fact, the Middle Eastern country reached a scorching temperature of one

hundred twenty seven points seven degrees fahrenheit. The extremes of climate change present existential perils all over the world, but the record heat waves that roast to Kuwait each season have grown so severe that people increasingly find it unbearable by the end of the century. Scientists say being outside in Kuwait City could be life threatening, not only to birds. A recent study also linked sixty seven percent of heat related deaths in Kuwait's capital to climate change. That's the

Bloomberg n j I T Stem Report. John, all right, thanks Nathan. We're live for the Bloomberg in Tranto Broker's Studios where E is six fifty two Old Wall Street. Yeah, that's time to check what's going on in d C. Some of the top stories in our nations capital include President Biden speaking with European leaders handed of his trip to the continent this week. The White House also meeting with Exxon and other firms on the Russia's sanctions and

Supreme Court confirmation hearings they begin today. Also, Supreme Court Justice Clarence Thomas hospitalized with an infection. Let's take a deeper dime this morning with Bloomberg Government reporter Emily Wilkins Family. Thanks for being with us this morning. Happy Monday. I guess it's safe to say the diplomatic efforts on the continent or increasing this week, especially with the President Biden's visit,

and I'm here you there, Yes, doesn't. He is going to be attending NATO as well as meeting with other European Commission leaders UM. And this is going to be coming as the European Union is going to try to reinforce the US warning to China that Beijing is going to base serious consequences if you trying to uh give muscle and notarious or if they wind up trying to ease some of the stations that the US has put

in place on Russia. And the White House also meeting with xx On and some other firms on the sanctions. What's going to develop in that meeting. So obviously, right now, high gas prices are a concern for a lot of Americans as well as the Biden administration. They know that they're usually tied with how Americans feel about the economy,

whether you think that's fair or not. UM. So President Biden is going to be speaking with the number of these companies, UH, including x On, Marathon Petroleum, as well as JP Morgan and Bank of America just about what we're seeing going on with that war in the brain

and what the USE is expecting moving forward. UM. The Biden administration has tried to encourage some of these gas companies to step up their production and increase in prices, although at the same point you were Republicans and other companies kind of pushed back on the Biden administration and say, hey, if you want us to increase production, you need to roll back some of your regulations that put on us UH as part of president by the screen energy policies.

You can imagine that Vladimir Putin was hoping that some of the world resolve would start to crack at this point, Is there any sign of that happening as far as what Putin is is thinking. I think that's a little unclear to everyone at this point. I think the big thing that we're looking at is whether that diplomacy between Ukraine and Russia is making any sort of progress. It

really doesn't seem like it is. I mean, the headlines out today is that who went to marlpol and said that they needed to, you know, ask them to surrender on the individuals. They said, no. Lots of questions about what is going to be happening, what if any kind of agreement they could come to in regards to what crain the teachers with needle, whether they could become as

sort of a neutral ally like Switzerland or Australia. Talks are aren't going there, and there's no clue I think this morning whether or not we're going to get some agreement in the near future. Let's much to the Hill that you have the Supreme Core confirmation hearing set to begin today for Catogy Brown Jackson's nomination. Are we going to see fireworks? What is expected? Well, today is gonna be pretty tame, because today is just going to be

opening state and state. Well here from the longakers on the Judiciary panel as twenty two senators was well, here from several individuals who will introduced Judge Jackson as Emily will here from Jackson herself. After that, tomorrow, we're gonna start moving into the Q and A. That's going to be a three day hearing, so certainly a lot that's gonna go on there. We've already seen Republicans kind of previous some of the attacks that they planned to make.

They actually planned to start to move beyond just Jackson's hearing into their wider messaging for the mid terms, which is that they're they're raising concerns that the Biden administration is soft on crime. Um to expect that to play out a little bit within the hearings. But remember Jackson was nominated by this same group of senators just last year for spot on the Daz Appeals Court. So many

of these lawmakers they're million with her. Um. You know, number of mem recently learned for her, And at this point it does seem like she's going to be able to singe that nomination with democratic support. Emily, Thanks very much, Bloomberg Government reporter Emily Wilkins. You can read more about these stories on Bloomberg dot com or the Bloomberg terminal, and you can follow the Latist on Bloomberg, Rady and Washington. Bloomberg ninety nine, one on one on five point seven

f M H D two. Nathan Okay, John, Thanks, It's six fifties six on Wall Street. This is Bloomberg Daybreak. March is Women's History Month, and every day this month we're celebrating significant moments in women's history. And now with your installment for March twenty one, here's Bloomberg's Nita Young on this day in women's history. In nineteen sixty nine, women from the feminist group Red Stockings organized a public

hearing entitled Abortion speak Out. It was held at the Washington Square Methodist Church in New York City's Granite Village. At the time, the Radical Feminist Group was furious that hearing is about a portion featured only male speakers. The debate at the time focused on rape, incest, or health of the mother. The group wanted to provide women with a platform to speak out, share their experiences with illegal abortions, and shift the debate to what they believed a woman's

right to choose. That's today in women's history. I'm we need a young Bloomberg radio. Alright, we need to thank you. SNP futures this morning down seven points, South futures down and nastac features are lower by fifty points. The tenure Treasury is down eight thirty seconds, the yield two point one seven percent. Continuing to watch oil surge this morning, nime x screwed up four and a half percent to a hundred nine dollars thirty eight cents of barrel. Bloomberg

surveillance is straight ahead for John Tucker. I'm Nathan Hagar. This is Bloomberg