Bloomberg Daybreak: March 22, 2022 - Hour 2 (Radio)

Jackson faces senator's questions today. I'm Michael Barer. More ahead, I'm John stashdown Sports cabin Urrant and the Nats beat the Jazz in Brooklyn and another big name quarterback is on the move. That's all straight ahead on Bloomberg day Break on Bloomberg Hillmen Trio, New York, Bloomberg nine one, Washington, d C, Bloomberg one oh six one, Boston, Bloomberg nine sixties, San Francisco, Sirius x M one nineteen and around the world Down Bloomberg Radio dot Com and via The Bloomberg Business.

Good Morning Up, John, Tucker Nathan Hager. US futures are moving higher on this Tuesday morning. We're coming up to six o one on Wall Street. We checked the market's every fifteen minutes during the trading day. On bloomberg SMP futures are up fourteen point Staff futures up a hundred thirty eight. Esse AT futures higher by forty five points. The decks in Germany is up one point one percent. That can't compare us up eight tenths of one percent.

Send your treasury is down fifteen thirty seconds. The yield two point three four percent yield on the two year two point one eight percent. Nime X screwed is down two point two percent or two dollars forty nine cents at a hundred nine dollars sixty three cents of barrel comex golled down two tenths per cent or four dollars at nineteen thirty eight announced. The euro is at one point zero nine nine four against the dollar, and the

yen is at one eight two. John and Nathan will love more on the markets in a minute, but first new developments involving the war. Ukraine's president says he's ready to discuss a deal with Russia in exchange for US fire. Amy Morris has it sales from our Bloomberg newsroom in Washington, Ukrainian President Voladimir Zelensky said late last night he is prepared to discuss a commitment from Ukraine not to seek NATO membership in exchange for a ceasefire, the withdrawal of

Russian troops, and to guarantee of Ukraine security. He called it a compromise for everyone. He also repeated his call for direct talks with Russian President Vladimir Putin, saying that unless he meets with him personally, it's impossible to know if Russia even wants to stop the war. In Washington, I'm Aymy Morris, Bloomberg Daybreak, Okay, Amy, thank you. President Zelenski says his forces are still holding Russian troops at bay on several fronts. Retired U S Navy Commander Ward

Carol says Ukrainian forces remain resilient. I can tell you from the legend of the Ghost of Kiev to the other things that they've done against overwhelming odds. Their air force has shown itself to be very capable. Retired Navy Commander Ward Carroll spoke with our Washington corresponding Joe Matthew on Bloomberg Sound On. Catch the program weekdays at five

pm Eastern on Bloomberg Radio. Meantime, the White House says Russian President Vladimir Putin's back is against the wall, and President Biden tells business leaders that makes him even more dangerous. He's suggesting Putin could soon use chemical weapons. Bloomberg's Ad Baxter has the story. Biden, in front of the Business Roundtable CEO quarterly meeting, said Putin is already sending up false flags about chemical weapons, saying the US has used

them as well. They're also suggesting that Ukraine has biological and chemical weapons in Ukraine. That's a clear sign he's considering using both of those. He's already used chemical weapons in the past, and we should be careful. What about it was about to come? Biden says the US does not use chemical weapons, and the President also warned if a potential of increased cyber attacks in San Francisco. I'm at Baxter Bloomberg day Break. All right, and thank you.

Another major story we're following brings us yesterday's crash of a Boeing in China all on Two people on boorder believed dead. The cause of the crash is still unknown. Experts remain baffled by the planes nose dive from twenty nine thousand feet. Bloomberg Stephen Angel has the latest from Hong Kong. She didn't being the President of China said he's calling for an all out investigation. They have found

part of the wreckage. We just don't know how this accident happened on a flight from Kunming to guang Joe that was already just about to descend to Guang Joe. It's very different from the MAX accidents in Indonesia and in Ethiopia. Bloomberg Stephen Angle says the China Eastern Airlines crash is China's worst commercial aviation accident in more than a decade. And turning to the markets now sell off in bonds is deepening. You have to fence here. J Palnd struck a more hawkish tone on a s campaign

against high inflation. The expectation going into this year was that we would see basically see inflation peaking in the first quarter, then maybe leveling out, and then see a lot of progress in the second half. That story has already fallen apart. To the extent it continues to fall apart. My colleagues and I may well reach the conclusion that will need to move more quickly, and if so, we'll do so. She your pal says, the FED is prepared to raise the indust rates by fifty basis points at

the next policy meeting if needed. Tracy McMillan, as head of Global Linset Allocation Strategy at Wells Fargo, preparing the markets for a really tough inflation fight, and so that means we're gonna see higher yields, and we are seeing those higher yields in the front end, at the curb where the FED really has more of an impact. Wells Fargo's Tracy McMillan says she prefers equities over fixed income

at the moment. And we'll have much more on the future of interest rates and the fight against inflation later this morning, John will we speak live with St. Louis FED President Jim Bullard. Stay tuned for that conversation. It's coming up at eight thirty am all street time on Bloomberg Radio and television. And overnight we saw the bond sell off spread to Asia. Stocks in the region gained

as the odds fell. Let's get the recap from BLOOMBERGUS Juliet Sally in Singapore, Good morning, Julia, Good morning John, and Nathan Australia yield to the higher since twenty eighteen on the tenure note, while the Keywi equivalent was at a five year high. The yield differential between the US and Japan pushed the yend to a six year low,

boosting Japanese equities, which returned from a long weekend. The negate to to five rows one and a half percent in Tokyo to post its sixth consecutive session of gains, the longest streaks since September, and Ali Baba shares game nearly ten percent in Hong Kong as the tech giant increased its shared by Back program to twenty five billion from fifteen billion dollars in Singapore. Juliet Sally Bloomberg debris alright, Juliette. Thanks. On the earnings front this morning, shares of Nike are

up nearly six percent in early trading. The company's quarterly results top estimates. Revenue outpaced expectations in all regions, including Greater China, where sales fell less than predicted. Right now, SMP futures are higher by eleven point. Staff futures up a hundred twenty five, NASTACK futures up one point ten. Your treasury is down fifteen thirty seconds. The yield two point three nime X screwed is now down one point four percent, or a dollar fifty two dollars sixty cents

of barrel. The euro is at one point zero nine eight nine against the dollar. Straight ahead your latest local headlines and a check of sports. This is Bloomberg. Thanks Snaithan six or seven on Wall Street hands on to bring in Michael Barr to find out what else is going on in New York and around the world. John, thank you very much, sir. Russian opposition leader and jailed Kremlin critic Alexei Nemalony was found guilty of fraud today.

Moscow of Court convicted of Alody over allegations he stole from his anti corruption foundation. Called the case politically motivated. New York's top health officials says she does not expect to see a steep surge in COVID nineteen cases as a new omicron sub variant grows more prevalent into the state State Health Commissioner Mary Bassett says, is that the

variant now represents of all cases in New York. It has been rising over the past couple of months, but we have not seen the kind of rate of growth UH in this dominance UH that we've seen in the UK and in Europe. B A two is more transmissible, as you know, than the original variant, but it does not appear to cause more severe illness. Governor Kathy Hokel also spoke with Health Commissioner Bassett. We have not focused

as a nation as much on the treatment capabilities. You should at first sign of symptoms let your doctor know so you can start getting the treatments that can stop the circumstances from getting worse. Governor Hokel says New York averaged around new COVID nineteen cases per day last week. Donald Trump's lawyers say a New York judge abused his discretion with a decision last month requiring the former president to answer questions under oath in a civil investigation into

his business practice. It's in papers filed and the state appeals court. Trump's lawyers said the judge failed properly wigh constitutional and ethical concerns that they had raised about New York Attorney General Latitia James's investigation. Judge Kanji Brown Jackson faces questioning in her second day of Supreme Court confirmation hearings. Jackson gave her opening remarks yesterday before the Senate Judiciary Committee.

I have been a judge for nearly a decade now, and I take that responsibility and my duty to be independent very seriously. Republican Senator Ted Cruz Likewise, it's not about race. We will see democrats of the media suggest that any Senator that is skeptical of your nomination, that questions you vigorously, or that dares to vote against you,

must somehow harbor racial animus. GOP Senator Ted Cruz. Global News twenty four hours a day on air and on Bloomberg Quicktake, powered by more than under journalist and analyst more than count He's Michael barn This is Michael. Thank you, Sall Street. That's time for the Bloomberg Sports Up. Thanks John. Even with Tom Brady's unretirement and Aaron Rodgers remaining in Green Bay, it's been stunning how many big name quarterbacks have been traded. Russell Wilson to Denver to Shaun Watson

to Cleveland, and now Matt Ryan to Indianapolis. He was in Atlanta for fourteen years. Once the NFL's m v P with the Cold still replaced Carson Winston was just traded to Washington. That came a year after Wentst was traded to Indie. The Falcon's new QB will apparently be Marcus Mariota, back up the last two seasons in Las Vegas, he signed as a free agent in Brooklyn. The Nets beat the Jazz one fourteen one oh six. Kevina rant again led the way thirty seven points, nine rebounds, eight assists.

Home game meant no Kyrie. Ever, Ben Simmons still has not made his Mets Nets debut out with a herniated disc. As coach Steve net he saw, I hope that he can come back. He's had moments during his rehab where he's on the court doing some things and looks like he's about to turn a corner and that there's a little setback. So I still feel optimistic that he can

play for us. From mixed Tonight host Atlanta, the Rangers visit the Devil's Kevin Willard, the coach at Seaton all the last twelve years, leaving to take over in Maryland and leading to some rather obvious speculation that he will be replaced by Shaheen Holloway, former Seaton Hall player who has coach St. Peter's to the NT double A sweet

sixteen in Port St. Lucy. New Mets manager Bucks Show Walter watched new met picture Max Jerser for five innings, called it as advertisers are allowed just one one Mets lost to the Marlins, three nothing Yankees in Tampa Bay five in uh Tampa five, two of the Phillies. Three pictures. Who could be in the rotation Jamison Tyon, Nestor Cortez, Michael king On with two scoreless things, John Stashiellen, Bloomberg Sports done all right? Huh head of the cash up

on Wall Street. Futures looking higher right now the DALLA futures of one hundred twenty two points, SMP emitted futures ten points higher, and then I set futures right now are up twenty five points. You're listening the Bloomberg day Break. Day Break brought to you by Audie. Don't let someone else drive off of the Audi modeled you, boways wanted.

Visit you try state area, Audi dealer together behind the wheel of yours today, or visit Out of the Offers dot com for more information, markets, headlines and breaking news twenty four hours a day at Bloomberg dot Com, the Bloomberg Business apt and at Bloomberg Quick Tape He's a Bloomberg Business Flash Nathan Hager. Stocks are climbing along with US equity futures as a sell off in bonds deepens.

This come out after a Federal Reserve Chairman, Jerome Powell signaled yesterday that the Central Bank will take more aggressive measures to clamp down on inflation, including the possibility of a fifty basis point hike at the feds next policy meeting in May. We check the markets every fifteen minutes during the trading day on Boomberg. Right now, SMP futures are up eleven points, STAFF futures up twenty seven, NASTAC futures are higher by thirty one points. The DECKS in

Germany is up eight tenths percent. The CAC in Paris is higher by a half percent ten Your treasury is down sixteen thirty seconds. Now that you're two point three four percent Nimex crew down one point one percent or a dollar twenty two at a hundred ten dollars, ninety cents of barrel U comic skulled down a dollar fifty at nineteen thirty three thirty announced. That's a Bloomberg business flash. Now here's Michael Barr with more on that's going down

around the world. Michael, thank you very much, Nathan. Ukrainian President Volodimir Zelenski is sent to virtually deliver his address to the Japanese Parliament tomorrow to rally international support for his country's fight against Russia's invasion. Zelenski has made virtual addresses to the US Congress, as well as parliaments in Europe, Canada and Israel. Russian court has found jailed Kremlin critic

Alexi Volty guilty of large scale fraud. Valdi is already serving a more and two years sentence in prison for parole violations he says were fabricated in the NBA, the Nets and Celtics one, the Wizards lost in the NHL, the Bruins be at the Canadians, and overtime three to Global News twenty four hours a day on air and on Bloomberg Quick take powered by more than twenty seven hundred journalists and analyst and more than one twenty countries.

Michael Laren, this is Bloomberg John all right, Michael, thank you. Coming up on six twenty on Wall Street. We are live from the Bloomberg Interranto Broker Studios. This is Bloomberg Daybreak. The flood of refugees continues as the war in Ukraine rages on. Joining us now with an update, Bloomberg's Agge Cantra live from Pollen at the Humanitarian Aids Center there. Aggie, thanks for being with us. Can you give us an

idea of the numbers we're talking about? Yes, so we're looking at over three million displaced people within who have now gone to other countries. That's about it's now about three four million refugees that have fled not only to Poland but other nations, mostly within the EU. But it's also important to note the figure of displaced people in general that they think that ten million people in total have fled their homes since the start of the war.

That's the statistic from the u N And what that means is that a huge amount of those people have been displaced within Ukraine. So While this country is trying to deal with a serious conflict in their own territory, they're also dealing with a humanitarian crisis of a lot of people who are looking to be rehoused, mostly in the wapster of the country, away from the fighting. There are the people still coming across the bordering into Poland. Does that have any sign of slowing downimal, Yes, they

are still coming over. There does seem to be a slight dissipation in just how many people are crossing over into the EU from Poland from Ukraine. However, it doesn't seem to be slowing completely. There are still a lot

of people arriving. I'm right now in a place which is essentially a transport hub slightly away from the border, where people come after arriving at the border and then um then taken to wherever they're looking to go, whether that be another city in Poland or further afield to Germany or France or I was just speaking to a woman who's going to go to Spain to stay with friends.

So there's still a huge amount of people crossing over the border, and um there seems to be less of an impact on the areas around the border in the last week or so, as the authorities here come up with better processes in order to streamline it so people can get away from the border quicker. Can you share

some of the stories that they're telling. Yes, so, especially in the last couple of weeks, as seeing as I've been here for I started coming here just as the war broke out, and now that we're a couple of weeks into this, what's really telling is how the people who are arriving now, a great deal of them have personal experience of this shelling, of these bombardments of their cities. I was just speaking to a woman from Kiev who spent spent the last several weeks hiding in basements and

in bunkers, and then has now left. She first went to Leviv in the west of Ukraine and is now decided to come to Poland. And this is the case for a lot of the people who arriving now. Also, it's important to see the fact that when people first started fleeing, almost as a precautionary measure, a lot of them had contacts in Europe. They had connections with other people within the European Union, friends or family who already lived in the European unions so they had a place

to go. A lot of the people coming now do not speak so much English or other languages, and a lot of them are deeply traumatized by the war and self having had firsthand experience of it. What's ahead of them, it's really, it really is difficult to say. A lot of them have been able to through these directives that the EU is supporting that a lot of them will be able to enter the labor market, or in the case of the many minors to have come over, will

be able to enter the education system. That is something that the EU has tried to make sure is in place so that people can enter the labor market, but also so that they don't need to be in this

limbo phase. Because something that there's been a criticism of the EU in other refuge crisis before this one has been that a lot of people, even if they are trying to look for work and want access to work, because of the convoluted process in applying to be a refugee in the EU, sometimes it's possible for them to enter the labor force until that process is complete, and at least in there are media future, there's no hope of even returning home. It sounds yes, although pretty much

without sail. Most people that I speak to here want to return home. That is their end hope is that they all say that they would like to return to those cities, even if they don't know what their cities may look like. I cannot say that that is the case for every refugee who has crossed the border, but a huge amount of them really hope that they will be able to return to Ukraine. Yeah, who knows what's going to be left though, Aggie, thanks very much. We

appreciate your reporting. Bloomberg's Aggie Cantreill from Poland this morning, the humanitarian center there near the border. You're listening to Bloomberg Daybreak and HAWD they open on Wall Street. Down futures right now one D forty seven points higher, that's a four tens of percent, SMP futures of fourteen right now a three tens of percent, and ADA futures up thirty nine points. The is Bloomberg and the Bloomberg weather for it today for a meteorologist Rod Caroline, clouds and

some stun especially north of the city. The high temperature sixty and tomorrow cloudy cooler showers in the afternoon by high temperature about fifty degrees. Broadcasting live from the Bloomberg Interactive Broker Studio in New York, Bloomberg E Living fre to Washington, d C. Bloomberg on to Boston, Bloomberg one oh six one, to San Francisco, Bloomberg nine sixt to the country, Sirius XM CHO one nineteen and around the globe the Bloomberg Business apt and Bloomberg Radio dot Com.

This is Bloomberg Daybreak. He is six thirty on Wall Street. Good morning, I'm John Tucker. I'm Nathan Hagar. We're just about three hours away from the open of US trading. Time for the five things you need to know to start your day. Brought to you by Interactive Brokers Simple ib KR 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 at first. Voladimir z Lensky says Ukraine's

forces are still holding Russian troops at bay. The president is also indicating his nation would hold a referendum on the terms of any potential peace agreement with Russia's Zelensky is addressing Italy's parliament right now. Meantime, President Biden says Russia's use of hypersonic missiles against Ukraine as a sign President Vladimir Putina is growing desperate. Now the President's warning

about possible cyber attacks. They've just launched their hypersonic missile because it's the only thing that they can get through with an absolute certainty. He was an anticipating in the extent or strength of our unity, and the more his back is against the wall, the greater severity of the tactics he may employ. President Biden asking the US private

sector to quote, harden your cyber defense immediately. In China, meantime, John investigators are still trying to figure out why China Eastern Airlines Bowing jet suddenly fell from the sky yesterday. That crash is believed to have killed all one thirty two people on board. In response, China Eastern has grounded its fleet of Boeing seven hundreds and journey to the markets sell off in bonds that is deepening into the fench. Here, j Pal struck a more hawkish tone of the central

banks campaign against the inflation. He's opening the door to a fifty basis point hike at the Center Bank's upcoming meetings. We will take the necessary steps to ensure a return to price stability. In particular, if we conclude it is appropriate to move more aggressively by raising the federal funds rate by more than twenty five basis point at a

meeting or meetings, we will do so. And if we determine that we need to tighten beyond common measures of neutral into a more restrictive stance, will do that as well. J Pala and other Feed officials the issue their next policy decision. May fourth say to him for more on the Feed this morning when we speak live with St. Louis President and Jim Bullard. Hatch that conversation at eight thirty a m. Wall Street Time on Bloomberg Radio and television.

And on the earnings front this morning, John Schers of Nike are up nearly six percent in early trading. The company's quarterly results topped estimates. Revenue outpaste expectations in all regions, including Greater China, where sales fell less than predicted. And that's the five things you need to know to start your day. Brought to you by Interactive Brokers, SMP futures up sixteen points, Staff futures up a hundred sixty four,

nastack futures up fifty points. Straight ahead, your latest local headlines and a check of sports. This is Bloomberg. Thanks Nathan sixty three on Wall Street PM. Let's bring in Michael barn now to tell us what else is going on in New York end around the world. Yeah, thank you very much, sir. New York's top health official is talking about the latest new O macron subvariant growing in

the state. State Health Commissioner Mary Bassett, we don't expect to see a steep surge in cases in New York State. Uh At the moment, b A two comprises about forty two percent of all the cases here in the state. Health Commissioner Bassett says though New York State averaged around twenty one new COVID nineteen cases per day last week, that is up from the previous week. New York Governor Kathy Hokel I just wanted to know that we've never taken our foot off the gas when it comes to

our preparedness for dealing with this pandemic. We never had a high five moments that it's over. We're in a new face. We've been adapting to the circumstances and reopening in a way that I still believe should continue. That's an important point to make. Governor Hlcal says. The number of patients hospitalized with COVID nineteen and New York has fallen from twelve thousand, seven hundred in early January two around nine hundred. A Russian court has found jailed Kremlin

critic Alexi Nvolany guilty of large scale fraud. Volney is already serving more than two years sentence in prison for parole violations. Says the cases were fabricated. Supreme Court nominique it's a Ji Brown. Jackson will face senators questions during confirmation hearings to become the only black female justice in the Court's history. Yesterday, Judge Jackson delivered her opening remarks

before the Judiciary Committee. If I am confirmed, I commit to you that I will work productively to support and defend the Constitution. Some Republicans charge that Jackson has been too lenient in sentencing on criminal matters. Texas firefighters gained the upper hand over historic wildfires as violent weather closed in on urban centers and residents of Dallas and Austin sought shelter from tornadoes. The largest cluster of blazes that erupt at late last week west of the Dallas metro

area was contained. You may want to throw out this lotion if you have it over possible bacteria contamination. People are urged by the FDA to check their Jurgen's Ultra Healing moisturizer bottles because they make contained bacterial contamination globals twenty four hours a day on air and on Bloomberg Quick Tank, powered by more than twenty seven hundred journalist and analysts in more than a hundred twenty countries. I'm Michael Barr, and this is Bloomberg. John alright, Michael, thank

you very much. Six six on Wall Street man that signed to the Bloombergh Sports up tape. Here's John alright, John Night. After the Utah Jazz beat the Knicks at the Garden, they went to Brooklyn. They lost to the Nets one, one, O six is Kevin Daurint scored thirty seven points the season began, Durant thought he would be

part of a big three. Not the case. James Harden's now in Philadelphia, traded for Ben Simmons, who was still yet to play for Brooklyn to go back injury and Kyrie every of course, only allowed to play on the road. K D still hopeful that may change. Frustrated and being able to play. And you know, when you figured this stuff would be rolled back by now and we'd be way past this. But it's the situation where we gotta

do with it. He's got to deal with it, and we were, you know, on trusting that it will get accepted. Irving seems determined not to get the vaccine. The city hall seems dug in on not making an exception to the private sector in person mandate. There are believed to be unvaccinated me and Yankee players. This could affect them too. Mets lost to the Marlins with Max Scherzer was sharp

and five innings. Yankstet the Phillies. Another big name quarterback got traded, Matt Ryan, fourteen years with Atlanta, fourt time Pro bowler at one time m v P sent to Indianapolis for a third round draft pick. The Falcons. Then stein free agent QB Marcus Mariota New Orleans, sticking with Jamis Winston. He'll be signed with the Saints Kevin Willard leaving Seaton Hall to be the new coach at Maryland. Shaheen Holloway already seen as the likely favorite to replace Willard.

Holloway is a former Seaton Hall player who has coached St. Peter's on the n C Double A Sweet sixteen. As of now, Phil Mickelson is not going to play the upcoming Masters. He recently said he was taking time off. He has played in every Master since. John stash Atward Bloomberg Sports. John and take a look at some of the names that are moving in the pre market, and for that we're joined by Bloomberg Radio and TV markets correspondent critic Grouped. So um, let's start off with the

name that we focused on yesterday. At this time, Yeah, Boeing is very much in the spotlight as we get more details around the really devastating Chinese plane crash over there. Remember this was operated by the Chinese China Eastern Airlines UM, but this was not the seven thirty seven Max. This is the predecessor of that model. Nevertheless, Bowing Shots took quite the hit yesterday and today they're actually up two tents of a percent, but that's not because of positive news.

Just a very normal reaction when you have such a big sell off the day before. That being said, I wanted to very quickly look at Bowing stock in particular because one of the big ramifications of this story is whether or not it gets regulatory approval from China to on ground the seven thirty seven max, which, by the way, the seven thirty seven family makes up most of Boeing's revenue,

So this is a really big deal. We've already had the ungrounding at the f a A in the United States and the e A s A, which is the European Aviation Authority, but China is kind of the last person or last authority to kind of give that green light, and they haven't yet, and this actually kind of puts a little bit of a wrench into things. I want to throw some numbers out here. I'm sorry I'm nerding out, but trust me, it'll be worth it. John welcome that

he's rolling his eyes at me best. But what's interesting to me is that the revenue you got from China for Boeing, it was percent of Boeing's entire revenue in now it's only three percent, and a lot of that is simply a function of the fact that China hasn't given the go ahead. Five years ago, John, this was a four d dollar stock. It is now struggling to stay above two hundreds, so once again halved in just three years. I thought i'd share that little tidbit with you.

All right, let's move on to UM Sneakers, Sneakers, Sneakers, Nike and Kase your takerning. I heard that's what the Germans do. Um. It's it's good that we're not talking about Adidas or Adidas. Say I'm gonna sick of Adidas. I grew up with the guy's name, so technically it is Addi Dos. But in this country we say even the company in this country says Adidas. So I'm gonna stick with Nike. It's an easier one up six percent n K, easier taker. They had some pretty blockbuster earnings,

so this is a pretty natural reactions. By talking about some of the supply chain headwinds of shipping issues, Nike really still kind of blowing it out of the water. The other stock you want to quickly get to was Ali Baba b A b A is your taker up nine percent this morning in free market trading after ramping up at share buyback program to twenty five billion dollars. Of course, this comes after a pretty big regulatory crackdown the wiped out four hundred and seventy billion dollars of

the e commerce giants value. So perhaps a little bit of by the dip there. Yeah, absolutely Bloomberg Radio and TV market squarres by a pretty group with pretty thanks a lot. Appreciate it and uh, looking at stocks as a whole out of the open, we have ins and P futures right now they are higher up sixteen points as a four tens of a percent, the deal futures up one sixty nine points, and Nazak futures they're fifty points higher. A different story in the bomb market tenure

yield right now two point three. This is Bloomberg and Bloomberg weather for today for a meteorologist, Rob Caroline. Clouds and some sunshine, especially north of the city. The high temperature topic out around sixty tomorrow, cloudy cores, showers in the afternoon. The high fifty markets headlines and breaking news twenty four hours a day at Bloomberg dot Com, the Bloomberg Business at and at Bloomberg Quicktape. This is a Bloomberg Business Flash I Nathan Hagar futures are moving higher,

so our bond yields. Let's head right over the first word breaking news. Descret today's morning call with Bill Maloney. Good morning, Bill, Hey, good morning, Nathan. US futures are in the green right now, with Doubt futures up a hundred and sentifive points. SUPs gained seventeen well. Nesteck features are up by fifty two. The US ten year old at two point three four percent. Gold is down seven

but Bitcoin just trading higher by four percent. Hong Kong rose three point two percent overnight, while up and markets are also in the green, led by one percent gains in Germany. Back in the US on the economic front. At ten o'clock, a Richmond fed and after the Bella's night, Nike sales speed estmates. The stock is up six percent in the pre market, and Ali Baba says they are

hiking buybacks to five billion. Those shares are up nine percent pre market, Wrapping things up, all Threo was raised to buy over at Bowman Sax, but Philip Morris was cut to neutral. Live from the first breaking newsscon, Bill Maloney, Nathan Okay Bill thanks to your live breaking news over your Bloomberg type squawk on your terminal s q U A go, that's a Bloomberg business flash. And now here's

Michael barr Loo's more on what's going on around the world. Michael, thank you very much, Nathan, and Russia is refocusing its military campaign in Ukraine on the east and above all the port city of Maryupol. Ukraine's president Volodimir Zelinski has described the assault as a war crime that will be remembered for centuries. A Russian court has found Kromlin critic Alexi Volney guilty of fraud. Volny has dismissed the case

as politically motivated. Valoti, already facing a two and a half year sentence, could face an additional thirteen years win sentence for this case. Supreme Court Nominiqueatanji Brown Jackson will face Senators questions for the first time as Democrats pushed quickly confirm the only black female justice in the Court's history. In the NBA, the Nets and Celtics won, the Wizards lost. In the NHL, the Bruins beat the Canadians in overtime.

Three to Global News twenty four hours a day on here and on Bloomberg Quicktake powered by more than twenty seven under journalists and analysts in more than one twenty countries. I'm Michael bar This is Bloomberg. Nathan Okay, Michael. Thanks, It's sixty nine on a 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, and math. Japan's government has alerted the Tokyo region of potential blackouts. Power supplies are low after several coal fired plants temporarily stopped generating

electricity following last week's earthquake. The rare alert calls on households and companies to conserve power. It's coinciding with snow and unusually cold weather for early spring in Tokyo, which has been prompting people to use heaters. The magnitude seven four quake off the coast of Fukushima last week killed four people and injured more than two and thirty others.

A drive to vaccinate more than nine million children against polio has been launched this week in four countries in southern and Eastern Africa after an outbreak was in firmed in Malawi. Three more rounds of vaccinations will follow in the coming months. The goal is to reach more than twenty million children. And Apple has resolved a widespread network outage that knocked services like Apple Music, iCloud in the

App Store offline yesterday for some users. The outage hindered product repairs, swaps and item pickups, and it limited corporate workers ability to communicate and access internal websites. But Apple has resolved that outage. Now that's the Bloomberg and j I T Stem Report. John, all right, thank you, Nathan. We are live for the Bloomberg Interact to Brokers Studios where it is now six fifty one on Wall Street.

That's time to check what's going on in d C. Has Some of the top stories out of the nation's capital include President Biden sees the risk of a Russian cyber attack on the US has sanctions bite against Russia. The President also says the hypersonic missile deployment shows desperation on the plart of Vladimir Putin and the oil thirst is worsening the president to pivot the US back to Saudi Arabia. And also Judge Jackson promises a neutral posture

after the approach to deciding cases. Of course, the confirmation hearings getting underway on Capitol Hill. Let's take a deeper diving into some of these stories this Morning with Joe Matthew hosted Bloomberg sound On, heard weekdays at five pm on Bloomberg Radio. Joe, let's start off with the warnings being delivered by a President Biden. It sounds like it really expects something to happen as Russia kind of gets a little more desperate. It's interesting because we keep hearing

there's no specific threat. We can't even tell you that it's necessarily going to happen, but we're warning you that it's probably going to happen. That was the messaging from

the White House yesterday, not just from the President. We got a written a statement from the President, but also the second in charge and New Burger, Deputy National Security Advisor for cyber specializes on this and actually walked into the briefing room with the Press Secretary yesterday to really underscore uh, this call to act, as she called it.

They want companies and owners of critical infrastructure to accelerate efforts to in in, in the words of the President, lock their digital doors right, harden their defenses because they believe something is coming and no one seems to be able to quantify John what the White House response would be, Yeah, and we know that Russia is very very good, very accomplished that cyber attacks. Yes, And the thing is we have, uh, we have great capabilities of this area. We've really never

shown them, at least not on purpose. And and there are a lot of questions about, well, what would a cyber retaliation look like if they come here to knock the lights out or steal data? What could we do to Russia? And it does make the imagination start to want, Yeah, maybe the future of warfare as well. That the hypersonic missiles that have been deployed by Russia against Ukraine, the President also weighing in on that, what are you saying? They call them dagger missiles. They fly more than five

times the speed of sound. This particular model that Russia fired is about ten times the speed of sound, which makes it essentially impossible to stop them. The point here, though, is as this gets bogged down into a stalemate Russia.

According to the Pentagon, the administration is using much longer range, more destructive weapons like these missiles and like cruise missiles as we've seen more recently, as well as opposed to tanks rolling into keyv We've seen ground forces bogged down on such a level that this desperation, as you refer to the President describing, is causing them to to to start launching weapons from much further distances and with much

deadlier effects. The stuff that we've seen, the images from Maripoul and from other cities, has just been absolutely horrifying, and we've got a massive humanitarian crisis underway as a result. All Right, We've all seen the pain at the pump as we fill up our automobiles, the oil thirst that the United States is thirsting for the oil, I should say, because of Ukraine. That's forcing the President to pivot act to Saudi Arabia. And I gotta say, Joe Biden does

not exactly have a great relationship with the Saudi crown Prince. Well, when you spend a couple of months on the campaign trail, calling somebody a pariah. They might not return your phone call when you need a favor. Uh. And it's unclear exactly how this is gonna end. Look, we've got pretty bad choices right when it comes to this. You want to call Iran, you want to call Venezuela, or you want to call Saudi Arabia. We understand that there have

been some overtures. Three people familiar with this telling Bloomberg the two sides trying to arrange a call between the President and the Crown Prince for the first time. But it's going to take time. And of course, John, that's the one thing we don't really have. And to be sure, the Saudi Crown Prince is is no angel. Um. Hey, let's move on to another strained journalist. Yes, yeah, yeah, exactly. Um. In in Washington, the confirmation hearing is for Judge Jackson. Um,

what's happened so far and where are we headed? Well, we got started formally yesterday that the first day is all about introductions, opening statements. It's kind of a grind, a lot of listening to people talking. We're gonna be doing more listening today. But this is when we get to the actual business at hand. Today and tomorrow are the questions. There are twenty two members on the Judiciary Committee,

half of them Republicans. Everybody gets fifty minutes, so almost an hour each, which means it's gonna go well into tomorrow, eighteen nineteen hours of questioning. But anyone who has come this far as a Supreme Court nominee has been very carefully prepared, and based on the opening statements we we heard yesterday, we have a sense of where this is gonna go. A lot of Republican members want to paint

Catangi Brown Jackson has soft on crime. They're questioning her rulings in child porn cases, her sentences as a judge, and her defense of some guanzanim obey detainees. She spent time as a public defender. And all of this is gonna come together through the eyes of Republicans who are still very sore about the Kavanaugh hearings. We heard multiple references to Kavanaugh and what this hearing would not be according to Republicans. Let's find out together what it becomes today,

and you're going to be there watching it all. Joe Matthew, host of Bloomberg Sound on her weekdays at five pm on Bloomberg Radio. Thanks a lot. You can read more about these stories Bloomberg dot Com or the Bloomberg Terminal. And a reminder you can follow all the latest on Bloomberg Radio in Washington. That's Bloomberg one of five point seven f m h D two Nathan Okay, John Thanks six fifty six on Wall Street. This is Bloomberg Daybreak. March is Women's History Month, and every day this month

for celebrating significant moments in women's history. And with your installment for March twenty two, here's Bloomberg Journey Too Young one This day in Women's History. In sixteen thirty eight, Anne Hutchinson's banished from the Massachusetts Bay Colony for her religious teachings. She began hosting theological discussions in her home when she moved to Boston. Hutchinson criticized clergy, who at

the time promoted a deed based theology. She advocated that salvation was assured only through grace, but Puritan authorities, who were threat by her teachings, charged her with heresy and sedition. Hutchinson was later convicted of blasphemy and the judgment was banishment from the Massachusetts Bay Colony. That's today in women's history. I'm Nita Young, Bloomberg Radio. Alright, Nita, thank you. Futures

are moving higher along with bond yields this morning. We have SMP futures up sixteen point, staff futures up a hundred seventy NASDAC futures are higher by fifty points. It ten. Your treasury is down fourteen thirty seconds. The yield two point three or four percent yield on the two year two point one six percent nime X scrude is down about one percent or a dollar seven at a hundred

eleven dollars five cents of barrel. Much more to come on Bloomberg Surveillance this morning with Jonathan Pararell, Lisa A. Brahmowitz, and Kaylee Lines for John Tucker. I'm Nathan Hagar. This is Bloomberg