Bloomberg Daybreak: March 24, 2022 - Hour 2 (Radio)

says New York will fully divest all Russian holdings. Plus tributes continue for former Secretary of State medal In Albrey. I'm Michael bar more Ahead, I'm John Stashtward Sports New York City is dropping the vaccine mandate that prevented Gyrie Irving from playing home games. The Nets lost in Memphis,

the nixt one in chart Room. That's all straight ahead on Bloomberg day Break on Bloomberg Elementary on New York, Bloomberg N one, Washington, d C, Bloomberg one, O six one, Boston, Bloomberg nine sixties, San Francisco, Sirius XM one nineteen, and around the world on Bloomberg Radio Dot Com and via the Bloomberg Business At good morning, I'm Nathan Hagar and

I'm John Tucker. Bloomberg Day Break being brought to you by Interactive Brokers Simple id b k R Global Trader app deposited your local currency trade stocks in the US, Europe and Asia. Start your free trial at i b k R dot com. Slash Global Trader futures are moving higher this morning. It is six oh one on Wall Street and we checked the markets every fifteen minutes during the trading day. On Bloomberg SMP futures are up twenty three points, Staff futures up a hundred twenty seven, Nastack

futures higher by eighty seven points. The tenure treasury is down twenty thirty seconds, the yield two point three six The yield on the two year John is at two point one four percent. And Nathan, we begin with the wars that reaches the one month mark. President Biden meets with Allies and Brussels today to discuss ramping up pressure on Vladimir Putin to withdraw forces from Ukraine. New sanctions among the options on the table. Details from Bloomberg's head Baxter,

along with the show ups solidarity. The US wants some even stiffer penalties placed on Russia, and National Security Advisor Jake Sullivan says enforcement is very important to agree on an initiative to coordinate on sanctions enforcement so that Russian efforts to evade the sanctions or other country's effort to help Russia evade the sanctions can be dealt with effectively and in a coordinated fashion. Sullivan says, as well, China will be a major concern. NATO, G seven and the

EU meetings today in San Francisco. I'm at Baxter Bloomberg day break and ended the G seven meeting. The nation's planned to warn Vladimir Putin against using chemical or nuclear weapons in Ukraine. That as according to a draft statement the group will issued today. At the same time, US and EU are close to a dealt as slash arabs dependency on Russian energy. Let's go live to London get the very latest on that from Bloomberg's Max Ramsey. Good morning, Max,

Morning to you, John and Nathan. Yes, what we're hearing is that, as soonest tomorrow, the Biden administration and Europe's leaders could agree a deal to demand for Russian energy. What would this involved well, and official familiar with the plans tells us the intention is around supplying American natural

gas and hydrogen to Europe. It's high up on the agenda as Biden meets with Native and European leaders throughout the day, and it's seen as an important step in their efforts to isolate Moscow over the invasion of Ukraine. Live in London, Max Ramsey bloom Back day break. Thanks Max, Russia's stock market open for the first time in nearly a month. The country's benchmarket index rose as much as

twelve percent enter Moscow stepped in with support measures. The government's allowing just two thirds of the stocks of the exchange to trade, and that's just for a short and four hour session. Russia also banned short selling and restricted

foreigners from exiting local equities. That's on top of a pledge to prop up the stock market with a ten billion dollar alright, John, Energy markets remain in focus as well as the war in Ukraine's sparks volatility, and a couple of Wall Street titans are speaking out now on US energy policy. We get the details from Bloomberg's Lisa Mateo, source of sg P Morgan Chase CEO Jamie Diamond is telling President Biden he needs a martial plan for developing

more domestic natural gas. That was at a White House meeting on Monday. According to sources, Diamond urged the White House to reduce the time needed to obtain permits for renewable energy projects such as wind farms. Diamond also spoke about the need for more short term investment in oil and gas despite longer term climate goals. At the same time, Black Rock CEO Larry Fink says the invasion of Ukraine has the potential to speed up the global shift to

green energy. He says it could also do the same thing for digital currencies, as from Fink's annual letter to shareholders in New York. I'm Lisa Matteo Bloomberg Daybreak as Lucid. The White House also working on its budget plans right now. Bloomberg News has learned President Biden plans to request more than eight hundred billion dollars in national security spending, including seven hundred seventy three billion for the Pentagon that in

the fellow budget he'll send a Congress on Monday. That's an increase of thirty one million dollars or four percent from approved spending for the current fiscal year. Another major story we continue to follow. John brings us back to Capitol Hill, where Supreme Court confirmation hearings wrap up today for Judge Kitangi Brown Jackson. Yesterday, Jackson fended off an orchestrated barrage of Republican attacks on her record as things

got tense among members of the committee. Amy Morris has details from our Bloomberg newsroom in Washington, Republican Senator Lindsey Graham voted to confirm Jackson less than a year ago, but had a sharp exchange with her over sentencing in child pornography cases. I think the best way to a crime when it comes to child pornography is you lure the bloom on anybody who goes on the Internet and

pulls out these images for their pleasure. Senator, every person in all of these UH charts and documents I sent to jail committee Chartick Durbin accused Senator Ted Cruz of not allowing Jackson to answer the question. Chairman Durbin, I've never seen the chairman refused to allow a witness to answer a question. You can bang it as loud as you want. I can just tell you at some point

you have to follow the rule. An emotional Senator Cory Booker defended Jackson, saying the GOP allegations are without marriage. You have earned this spot. You are worthy, You are a great American. Jackson's nomination will likely end up in a party line deadlock, but that's not likely to stop Democrats from confirming her as the first black woman to the Supreme Court in Washington. I'm anymore as Bloomberg Daybreak,

Thanks Amy. Turning to the economy right now, the calls for a fifty point fifty basis point rate high Cathy, next Federal Reserve meeting of growing louder markets pricing at a rate increase at every Central Bank meeting this year, we call up with San Francisco FED President Mary Daly. I will absolutely um confirm what you know. Jay. Chair Powell's confirmed for himself, which is that I have everything on the table right now. If we need to do fifty fifties, what we'll do. If we need to do

twenty five and balance sheet, that's what we'll do. But the data will help us determine how much is necessary. San Francisco reread the president at Mary daily making the comments in an interview with Bloomberg's Michael McKee. The Central Bank's next policy decision comes on May fourth, ahead of the open on Wall Street. This morning, John s and p Futures are up twenty two points. Staff Future are up,

Nastac features hired by eighty four points. Straight ahead. You l like its local headlines in the check of sports. This is Bloomberg and it's now six o seven on Wall Street. Let's bring in Michael Barne Dow to find out what else is going on in New York end around the world, John, thank you very much, sir. New York State Comptroller Thomas Donopoli says New York will fully divest all Russian holdings. Dinopoly spoke with Bloomberg's and Allie

Bassek when the war broke out. We said we're going to freeze any new investments, and we were making an assessment of what we considered to be the risk of the portfolio if we continued to be invested. State Comptroller Donopoly says it's largely in the public equity portfolio, a little bit in fixed income quantified in about one and

ten million dollars. Chinese state media say that The search area is being expanded for the second black box from a China Eastern passenger plane that crashed in southern China with a hundred thirty two people on board earlier this week. One of the black boxes was found yesterday. Secretary of Health and Human Services, how Your Sarah warns Congress that

funds to fight COVID have already run out. The fund Congress established to reimburse doctors and other medical providers for COVID care for Americans, in particular, the uninsured, is no longer accepting new claims for pro from providers for testing or for treatment services. Secretary of Sara at the White House COVID nineteen Response Team press conference says if Congress does not approve more COVID funding, COVID help for vaccines, pills,

and other treatment will vanish. US Secretary of State Anthony B. Lincoln slam the Taliban for ditching its commitment to reopen high schools two girls at the last minute. The sudden reversal by the Taliban was met with sharp criticism from the United Nations, while B. Lincoln said it would profoundly harm the group's ability to build ties abroad. Madeline Albright, who rose to become the first female Secretary of State, has died of cancer. President Bill Clinton chose Albright as

America stopped diplomat. In Former U S Ambassador Thomas Pickering spoke about Albrights she had little love, I would say for Russia, and that skepticism and indeed suspicion about Russia has proven to me more true than I think any of us had reason to believe when I worked for her. Former Ambassador Pickering spoke with Bloomberg's Joe Matthew. Inelve, President

Barack Obama awarded Albright the Medal of Freedom. Madeline Albright was eighty four global news twenty four hours a day on air and on Bloomberg Quickdake, powered by more than seven hundred journalists and analyists more than a hundred twenty countries. Michael Laren, this is Bloomberg, John Michael, thank you and the Princess to six Town on Wall Street. Time down

for the Bloomberg Sports update. Thanks John Carrie. Irving's Brooklyn Net season has gone from not playing at all due to his decision to not get vaccinated, to playing only in road games, but now as the NBA regular season winds down. New York City is set to lift the private sector mandate for in person work, and Irving will finally be a full time member of the team. Played last night in Memphis, scored forty three points or the

Nets lost one thirty two to one twenty. Tyrie was later asked to that jumping in in the line of jumping out, you know, looking forward hopefully that could could be something we could fix, and we passed. I can't wait to talk to you guys once this is you know, something's efficient and that's expected at a Mayor Adam's mid day presser today at City Field. This also affects unvaccinated met and Yankee players, although He's still have to be vacs to play in Toronto and the Yankees have ten

games there. Nix, with one of the better games of the season one oh six win at Charlotte, did it without starters Julius Randall and Mittel. Robinson's seven nicks in double figures laid by R. J. Barrett's thirty points. Devils lost in Toronto three two. N C Double A Tournament returns tonight Double Letters in San Antonio and San Francisco. That's where Duke plays Texas Tech, will Duke move on or will this be the end of Mike Tazewski's coaching career. N I T quarterfinal wins for Texas A and M

at Washington State. Ron Harper Jr. Leavey Watterers journey pro. For a while yesterday looked like the Jets might be acquiring star wide out Tyree Hill from Kansas City. The Chiefs agreed to deals with the Jets and Dolphins and then let Hill decide where he wanted to go, and he chose Miami signed a four year, hundred twenty million dollar contract with them. John Stashwarer. Bloomberg Sports. John, all right, thanks a lot, John, We're still a waiting president by

an address to NATO ministers in Brussels. Will bring it that to live when it happens ahead of the Cans. Show them up Wall Street down. Futures right now up one fourteen points. The SMP EVENY futures twenty one points higher than ZAC futures right now are up eighty points. You're listening to Bloomberg Daybreak. Daybreak brought you by the

Jewish Community Fund. Jason, you have some doughtor advised fund is the smart choice to manage your philanthropy, especially in times of crisis like you're giving impact old Visit j c f n Y dot org, markets headlines and breaking news twenty four hours a day at Bloomberg dot com, the Bloomberg Business App, and at Bloomberg Quick Tape is

a Bloomberg Business Lash. I'm Nathan Hager. European stocks are moving lower, Treasuries extending their slide, as well as investors way the risks of rising inflation and the impact of the war in Ukraine. We checked the markets every fifteen minutes during the trading day on bloomberg SMP futures are still higher, up nineteen points, staff futures up a hundred four dast deck futures are up sixty eight points. Germany's decks down a half percent. The hack in Paris is

lower by two tenths of one percent. The ten Your treasury is down twenty four thirty seconds, with the yield two point three eight percent yield on the two year two point one five Nimex crewed down four tenths percent, or forty eight cents at a hundred fourteen dollars forty five cents a barrel. Comex called up three tenths per cent or six dollar sixty cents. In nine announced the euro one point zero nine eight three against the dollar. The yen is at one point seven two. That's a

bloomberg business flash. And now here's Michael Barr with more on what's going on around the world. Michael Nathan, thank you very much. The world's leading economic power has planned to warn Russian President of Vladimir Putin against using chemical or nuclear weapons in Ukraine in a draft statement from the Group of G seven today, The leaders also planned to say that they will continue to impose severe consequences

on Russia. US President Joe Biden is in Brussels for a trio of summits with NATO, the G seven, and the European Union. New York City Mayor Eric Adams will announce today that he's exempting athletes and performers from the city's vaccine mandate for private workers. The move will allow Brooklyn Nets star Kyrie Irving to play home games and let unvaccinated baseball players take the field when their season begins NBA games, The Nets lost the Nix and Celtics

won in the NHL. The Devil's Lost Global News twenty four hours a day on here and on Bloomberg Quick Tank, powered by more than twenty seven hundred journalist analysts more than a hundred twenty countries at Michael barn This is Bloomberg. This is the Big Take, the best of Bloomberg's in depth, original reporting from around the globe. This is a really fascinating story that's caused a lot of outrage among investors. This is so fascinating. A market shutdown in a way

it's never done before. That's gonna have consequences for years to come. The Dame Take on Bloomberg Radio and our Big Take this morning focuses on the future of globalization. The West must save globalization. This is an opinion piece co authored by John Nicko Thwaite, editor in chief of Bloomberg News Saunt. John joins us this morning from London. John, as we filled up the car in the US this morning,

we griped and blamed events and far off places. More broadly, it does raise the question what's the path forward for integrating the world's economies. This the sat the first rodeo for globalization, is it? No, that's the point and very nice to um to be here. John. The the point is you go back a hundred years ago. Back then we had a global age just over a hundred years ago. But go back to we're at the end of the first great age of globalization, far far freer in many

ways than the world in which we business people operate. Now. You could move capital, you could move people, you could move goods around the world much more easily. You didn't need a passport. And there's a famous bit of John Mayne Kens where he imagines a Londoner sitting there ordering things from around the world, thinking this world is going to go on forever, and failing to notice at the

bottom of his newspaper a little headline about Sarajevo. And I think many of us, yes, we've gone through COVID, we've seen all these things. In many ways, we have fewer excuses in that londoner you get back a couple of months ago. Most business people, I think we're counting

on the world still continuing generally to open up. And that is the big danger, I think, the big economic danger from Ukraine that accelerates already what's happening in terms of decoupling between America and China, but more generally, every business person around the world is now thinking about political

risk in a completely different way. Yeah, and the war in Ukraine is more than amusement in the daily newspapers, which is and the same, same with the same, with the same, with the with the with the with What happened in the First World War carnage on an untold scale. Before that, what kine Is called the politics of militarialism and imperialism were indeed amusements. I think people didn't really,

they didn't. They didn't see them as being the sort of central fact of their age, and business people as well. And I think now what has happened as we now realize things like nationalism and all these things matter enormously.

And if you look at the make a big pretentious point, you look at the broad sort of progress of man in general, Economics and technology tend to win most of the time, but there are periods, especially when globalizens sticks pushes up for people who is discontent, There are periods when these things like cultural things, nationalism, religion, all these

things matter more. And at this precise moment, we have putin doing something which by any means was economically self harming, that he did it for different reasons, and that's true of many things around the world. Right now, you underscore those fits and starts to integrating the global economy. Um, it hasn't always been a great poster child for capitalism either. No, but again I would I think if you're Joe Biden, I think you have to sit there and you have

to make some serious decision now. Um, Yes, globalization has had its problems, but by any measure, it's first made the world safer. It's made the world more prosperous, and it's made the world freer. Not in every case, in every way, but overall it's dragged people out of poverty, and it's pushed freedom forward. Right now, Joe Biden is singing us one song, and that not doing what he preaches. His song is that he wants to build an alliance

of democracies. Last year I went to Asia. You saw Gina Romando, one of his more talented ministers, trying desperately to get the Asians interested in sort of frameworks and these strange words like that, and they took them for what it was, which was meaningless. That they want free trade deals and those are the kind of concrete that

can make these things different. And I think what Biden needs to do is he needs to say, look, I don't you know, union votes matter, but in the end, the security of America matters more from the point of view of America's long term security, cementing alliances with other

democracies around the world really really matters. And he has right now an opportunity to remake transatlantic trade with Europe and also to reach out across the specific And you set up these organizations and that is the way in which you kind of remodel globalization. You can take in things like forcing companies to pay a bit more tax. You can add in things like the environment. But you know, in the end, from a liberal point of view, and I mean liberal in the sense of the old and

better British term, the use of that phrase. From a liberal point of view, globalization tends to do a lot more good than bad. And the economic side of freedom is something that Joe Biden needs to learn very quickly. I think, as your point out there, a history is lass and but more often than art, we don't avoid the march of father. Are you optimistic at the moment? I think that that whatever happens in Ukraine, Um, you know, two things are underway which are going to be quite

difficult to stop. The first is to suddue a political switch towards decoupling, which I think is already underway, and from the point of view of President Gene in China, this what is happening at the moment in terms of the boycotts and things that the West is mounting. That is another reason for China to turn somewhat inwards, certainly towards Asia and setting up its own block, and that's

something that is already underway. From zero point seven five to one point five eight percent rates subject to change. Learn more at I b k R dot com slash compare. First, we are a month now into Russia's invasion of Ukraine and President Biden is in Brussels for marathon meetings with allies. They will discuss new plans to pressure Vladimir Putin to withdraw his forces. Bloomberg Senior reporter Mark Champion says these

meetings are crucial. It is important. We've had a month of war now and he's going to be sitting down with leaders that he's been talking to biphone by video link throughout and trying to really coordinate a response. They have to think about what happens if Russia desises to escalate. They need to think about China. If China does come in and support Russia, either economically or with weapon There's

a lot to talk about. Bloomberg's Mark Champion reports the Group of Seven Nations plans to warn Vladimir Putin against using chemical or nuclear weapons in Ukraine. That is according to a draft statement that G seven will issue today. At the same time, the U S and the European Union are close to a deal to slash Europe's dependency on Russian energy, and agreement on that could be announced as soon as tomorrow. And stocks in Russia it's trading

for the first time in nearly a month. They're trading higher, but under heavy restrictions. The governments allowing just two thirds of equities to trade. Russia has also banned short selling and restricted foreigners from exiting local equities. Turning to US politics now, John confirmation hearings conclude today for Supreme Court nominee Katangi Brown Jackson. Yesterday saw Jackson fend off GOP attacks on several fronts, including her record on crime, child pornography,

and abortion. I would do what I've done for the past decade, which is to rule from a position of neutrality, to look carefully at the facts in the circumstances of every case, without any agendas. The Senate Judiciary Committee plans

to vote on Jackson's nomination April four. She is expected to be confirmed along party lines and Nathan budget plans also center stage in Washington today, Bloomberg News has learned the White House plans for request more than eight hundred billion dollars in national security spending, including seven hundred seventy three billion for the Pentagon, in the federal budget that goes to Congress on Monday. That's an increase of thirty one billion, or four percent, from approved spending for the

current fiscal year. That's the five things you need to know to start your day, brought to you by Interactive Brokers. All right, let's take a look at the markets ahead of the open on this Thursday. Mo SMP futures are up nineteen points down futures up a hundred nine. NASTAC futures are higher by sixty six points. Germany's Dax is down down six tenths of one percent. The cat in

Paris lower by four tenths percent. The ten year treasuries down twenty four thirty seconds, the yield two point three seven percent yield on the two year two point one five nimex crude little changed of seven cents and a hundred fifteen dollars. Even a barrel comes gold up four tenths per cent or eight dollars fifty cents at nineteen fifty one ten announced, straight ahead, real latest local headlines, and a check of sports. This is Bloomberg. Yeah, it's

now six thirty three Wall Street. Let's bring in Michael Barr to tell us what else is going on in New York and around the world. John, thank you very much. New York Comptroller Thomas Donopoli says the state will fully divested all Russian holdings. Monopoli says, when the war broke out, we said we were going to freeze any new investments. This is largely in the public equity portfolio, a little bit and fixed income. We quantified it at about a hundred and ten million dollars, so on our basis on

a significant exposure. Controller Donopoly spoke with Bloomberg Sinali Bassett. The search area was expanded today for the second Black box from a China Eastern passenger jet that crashed in southern China with a hundred three two people on board earlier this week, off and on rain was impeding the search for a second straight day. One of the black boxes, believed to be the cockpit voice recorder, was found yesterday. Investigators said it's outer casing was damaged, but the orange

cylinder was relatively intact. North Korea launched its first intercontinental ballistic missile in more than four years. Kim John Un abandoned a testing freeze that had underpinned an unprecedented wave of talks with the US. The nation's first woman Secretary of State, Madeleine Albright, has died. President Clinton chose her well known quick wit came out during ABC interview about her job. I loved what I did. Um. I did sleep when I could on command. Um I didn't exercise enough.

Being Secretary of State was a very fattening job because I was eating for my country. Former US Ambassador Thomas Pickering about Madeline Albright's passing. I had the honor and the pleasure of working with her as her second deputy in the State Department as under secretary, and she was forthright. She was always strong. She had very firm views, particularly in Eastern Europe. Pickering spoke with Bloomberg's Joe Matthew. Albright received the Medal of Freedom, and Adeline Albright died of

cancer at age eighty four. Government health officials are again telling Congress, if it does not approve more COVID funding, millions of Americans may no longer get the virus prevention and treatment they need, they say. Without another twenty two billion for vaccines, pills, and other treatment that's free to patients, COVID help will vanished in the next few months. Global News twenty four hours a day on air and on Bloomberg Quicktake, powered by more than twenty seven hundred journalist

and analysts more than a hundred twenty countries. I'm Michael barn This is Bloomberg, John, Michael, thank you. He's not six thirty six on Walts Free and a side of the Bloomberg Sports Update. Here's John stown Shower. Thanks John. It's certainly been an unusual situation. NETS star Carrie Irving playing only on the road due to New York's vaccine mandate. It became really bizarre when Irving was allowed to sit in the stands at the Nets home game that couldn't play.

That is going to now change. Mayor Adams will make the lifting of the mandate official today oppressor at City Field. This move also a side of relief for the Mets and Yankees, who are both believed to have unvaccinated players. It's a move that will significantly improve the nets chances in the upcoming NBA playoffs. Irving has been on a terror lately, had a fifty point game later went for

sixty last night forty three points. Kevin Duran had at thirty five, but the Nets lost in Memphis one one twenty the nixt one and Charlotte once one oh six. There coach Tom Thibodau one of our best games for the year, just in and a lot of different areas, So it wasn't It was a challenge obviously, back to back guys out, but I thought he had unshelfishness to start the game, gush into a really good rhythm and the win. Evan Foya broke John starts his Knicks record

for most three pointers in a season. Devil's lost in Toronto three two and Tampa Yankee home runs for dj Le Mayo Glaver Torre John Carlos stand at a seven round one route of Baltimore. Aaron Judge and the Yanks exchanged arbitration figures. Judge looking for twenty one million, Yanks seventeen million. The two sides said to be at work on a new long term deal. Tyreek Hill latest NFL started yet traded? And what's the wild offseason? Kansas City? Delf Hill to Miami her five draft picks and he

signed a new LUCA to deal with the Dolphins. The Jets were in it. Chiefs Latt Hill decide where he wanted to go. He chose Miami. John Stashward Broomberg Sports Tom all Right, John, thanks a lot. Six thirty seven on Wall Street. Time now to take a look at stocks, 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 Gupta, Yeah, absent, and the major themes on the markets to say, let's just focus on some

some of the individual movers today. What a great idea. Kavey Home is the one, so she told me to say that I did I did um. John Tucker is great at following directions fantastic. Kave Home is the one that thing a bid a pretty big move today kb H is your taker down just shy of four percent um, and they didn't miss earnings. Analysts flagging lower deliveries and supply chain disruptions. Remember kaby Home is one of those stocks.

I was doing really well in the pandemic as more and more people were looking to um spend a lot in home building materials and new housing starts. You really saw that industry boom. You're seeing a little bit of the bloom come off that rose now to the point where you start. That's true, but apparently showing up in their earnings once again, they didn't miss those earnings. KBH down just shy of four percent. Some positive news though,

do you Spotify? Are you a Spotify user? I'm not gonna say I'm a luddy, but I imagine John Tucker with a with a record player at home. You're one of those. Yeah, well, no, not quite that bad, but it's it's bad. Well, Spotify, you should get into It's pretty great. Spot Your taker up three point four percent. It was positive on the firm's agreement with alphabets Google

to allow the company to build users directly. Analysts also saying the sign up process becomes more straightforward for Spotify users, and other companies like dating app operators could also benefit longer term. This is a huge deal. I think when a lot of people talk about apps, you don't necessarily think about the costs that are involved. They go to Apple or Alphabet or wherever U the app lives. So to see that UM kind of make the process a

little bit easier definitely helps a Spotify's bottom line. Spot those shares up over three percent in the pre market. You also have some positive comments here coming from Nicola n k l as your taker up a whopping nine percent follows the analyst day, jam and Morgan also coming out and saying that the animals there had come away with a quote positive impression from the manufacturing site to visit, so it was some good news in the e V space.

It seems, what do I use in the in the um the free of Pandora, I mean, I don't pay for it in the car, and I have to listen to their stupid commercials. I think you can pay to get rid of those, shell out a little extra cash. There's the rub paying money trying to get money out of me. It's when I opened the wallet. Well that exploits by Christmas present, Kreny Kupta, thank you always a pleasure.

And as we look at the broader market right now, the h we're all in the green right now for the major indexes, Dow futures a one D ten points, that's a three tense of a present. SMP evening futures they're up twenty that's a four tenths of a percent that as they interest right now seventy points higher, that's up half a percent. And you can guess that bonds are lower today in price tenure yield is up eight thirty seconds, eight basis points. That should say up to

two point three seven two years. At to fifteen. You're listening to Bloomberg Daybreak and we're brought to by ancient accountants and advisors. Challenging times called for proactive advisors who helped minimize taxes, increase cash flow, and create opportunities for the future of your business. Visit ancient dot com markets, headlines and breaking news twenty four hours a day at Bloomberg dot com, the Bloomberg Business at and at Bloomberg Dictape.

This is a Bloomberg Business Flash. I'm Nathan Hager. US futures are moving higher at European stocks are falling along with bonds this morning as investor's way. The rest is of rising inflation and the effects of the war in Ukraine. The dollar is edging higher, and so is oil. We checked the markets every fifteen minutes during the trading day on Bloomberg. Right now, SMP futures are up twenty one points down futures up a hundred twenty NASTACK futures up

seventy four points. The decks in Germany down six tenths of one percent. The CACK in Paris is lower by three tenths per cent. The tenure Treasury is down twenty three thirty seconds. The yield two point three seven percent, yield on the two year two point one five percent. I'm x scruge little change to higher, up four cents at a hundred fourteen dollars ninety five cents of barrel. Comics gold is up four tenths per cent or seven

dollar sixty cents at nineteen fifty twenty and ounce. The euro one point zero nine five against the dollar, British pound one point three one nine two. The end is at one point six four checking Bitcoin up one point seven percent, trading right around forty three thousand dollars. That's a Bloomberg business flash. And now here's Michael Bark with more on what's going on around the world. Michael, thank

you very much, Nathan. President Joe Biden is sent to meet Allies and Brussels to discuss ways to pressure Russian President lad Mere Putin to withdraw forces from Ukraine. It comes as the Group of G seven leaders say they will use their economic powers to warn Russian President Putin against using chemical or nuclear weapons. New York City Mayor Eric Adams will announce today that he's exempting athletes and

performers from the city's vaccine mandate for private workers. The move will allow Brooklyn netstar Kyrie Irving to play home games and let unvaccinated baseball players take the field when their season begins NBA games. The Nets lost the Nix and Celtics one in the NHL. The Devil's Lost. Global News twenty four hours a day on air and on Bloomberg Quicktake, powered by more than twenty seven hundred journalists and analysts, and more than one hundred twenty countries. Michael Bart,

this is Bloomberg. Nathan. Okay, Michael, thank you. Where at sixty nine on Wall Street. Let's turn now to news in science and technology. The Bloomberg n j I T STEM Report is 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 and now here's what's making

news and science, Technology, engineering, and math. Black Rock CEO Larry Fink says the invasion of Ukraine has the potential to speed the global shift to green energy. Fink says it may also do the same for digital currencies. He made those observations in his annual letter to shareholders in the world's largest money manager. In the first full year of the pandemic, the New York, Los Angeles, San Francisco, and Chicago metro areas had the greatest population losses in

the nation. Census Bureau data show Sun Belt metros like Dallas, Phoenix, and Houston had the biggest gains. The exodus from the biggest US metros was led by New York, which lost almost three twenty eight thousand residents and UBS will allow some of its US employees to work remotely full time, offering flexibility to his staff as the bank seeks to

lure and retain talent. The Swiss firm expects about ten to fifteen percent of its American workers to go remote as the program is implemented in phases A while more than will be in hybrid roles. That's the Bloomberg and j I T Stem report. John, all right, I thin, thanks you. We're live for the Bloomberg Interactive Broker's studios

where it is six fifty um Wall Street. President Biden meeting with allies in Brussels to discuss ramping up pressure on Russia and Bloomberg's and Marie Horduring is traveling with the President. Joins us. Now and Marie, thanks for being back with us. Uh. This is more than just a photo opportunity, isn't it It is it's an extraordinary NATO meeting. Usually these meetings take months to prepare. This one has

pulled together in about a week. But it's three summits back to back NATO g seventh Summit, and then the President will go on to also at the European Union, which in itself is quite extradinary. You don't normally see the US president over at the European Parliament. UM. We already seen a draft of what to expect in terms of the G seven and they will condemn in the harshest terms and really warned President Putin about the use of chemical and biological weapons. They will also threaten more

severe sanctions. But at the moment there's very much so a big question mark on how far the allies can go given the one area that has yet to be sanctioned is really the lifeblood of the Russian economy, and that is oil and gas and that dependence Europe has on it, and that raises the question just how united is this united Front against Vladimir Putin and Russia when it comes to energy, right, And Jake Sullivan said, there's there's not going to be back and forth in a

lot of pressure this week in terms of sanctions on energy, but there will be a conversation on how the United States can aid Europe in terms of energy security, and we've already seen Europe make a number of moves on this. One was Robert Habeck, the German Economy minister in Cutter over the weekend. But talking about l en G supplies now, at the moment, Germany doesn't even have lleng term alls.

This would be a complete one eight of their entire infrastructure and how they heat their homes and put the lights on um. But you can see what they are trying to do is really loosen that dependence. And something Haboc had said in Doha was we might still need rushing gas this year, but not in the future. It starts like this, so he who has ears should start to listen. And that was a veiled threat at President Putin and the Kremlin's NATO moving more troops just on

the military front. Can can you go over that to the redeploying. Well, what you can expect and this is what Yen Sultanberg said, and he's the NATO Secretary General, is a strengthening of posture in all domains with major increases of the NATO front on the eastern flank, um,

on land, air and see. But the president has made very clear a number of times he does not want to send American soldiers into Ukraine, but he has said he will defend NATO territory that as of course, if NATO NATO country was attacked Article five, the US and all NATO allies would step in to defend that land. And what about the supply of military aid to to

Ukraine from NATO. What's happening on that front? Well, already seeing a number of the recent military aid and the money the United States has put towards that now starting to be delivered through Ukraine. Um, you can potentially expect more countries coming to the coming to the help of Ukraine when it comes to military aid this week, it's one of the items agenda items that will be discussed.

But already the United States and a number of their allies has spent billions of dollars in military aid to Ukraine, and I imagine that will continue, especially when you have President Vladimir z Lensky addressing the NATO summit today virtually and the President Biden has warned the certain areas of

potential escalation by Vladimir Putin. What do we know about that? Well, the President when he was leaving the White House and route to Air Force one to come over to Brussels, was asked about how high of a threat is the use of chemical or biological weapons, and he said he thinks that threat is very high. The United States has really talked about this over the course of the last few weeks that they're concerned and that the world should be aware that Russia could stage a false flag operation

and then go ahead and use chemical biological weapons. We should note that a ally of President Putin and Syria, bhar Al Assad, where Putin was providing air cover in Syria, use and reverted to chemical weapons. Also, the Russian state, according to UH number of intelligence agencies, use novn chalk

in Salisbury the United Kingdom. So this is something that leaders here do not think is beyond the realm of what Putin is willing to do, especially as the Kremlin noted that this was supposed to be a quicker military operation what they would call it. Obviously, it's a war um that is dragging out. Is the president of Ukraine getting everything he wants and what is he expected to say when he speaks to European leaders? Virtually not just yet,

He's not getting everything he wants. We know that the one thing Ukraine continues to ask for is air support, and they want to close the skies in Ukraine. A

new fly zone. But the United States, a number of NATO allies say that that's just not possible because that would mean these allies fighting directly against Russian in the skies, and they say that could lead to a World War three, as President Biden has put in, and as we know, NATO's a defensive organization, not an offensive organization, and such a thing with a no fly zone that would be

considered offensive. I guess right. I think I lost them, all right, And Marie thanks a lot of appreciated Bloomberg's and Marie hor Duran reporting outside that NATO headquarters there in Brussels. Thanks very much. Nathan, Okay, John, thank you. It's six fifty 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, here's Bloomberg's Renida Young on this day in Women's History. In Shannon Lucid becomes the first female US astronaut to live aboard a space station. She entered the Russian space station near from the U S Space Shuttle Atlantis, and while on board the mirror Lucid helped complete several physical science and life science experiments. She returned to Earth on September twenty six of that year

after completing her fifth mission. Lucid had logged more than two hundred twenty three days in space. She received her Bachelor of Science degree in chemistry from the University of Oklahoma. Then she earned a Masters of Science and Doctor of Philosophy in biochemistry. That's today in women's history. I'm gon need a young Bloomberg radio Okay redy to thank you right now. SMP futures are up twenty points ahead of the open this Thursday morning. Down futures are up a

hundred twenty. Nasdaq futures are higher by sixty nine points. The tenure Treasury down twenty seven thirty seconds, the yield two point three nine percent. As the bond sell off continues. The yield on the two year is at two point one six percent. Nimex crewed now down two tenths percent, or eighteen cents at a hundred fourteen dollars seventy five

cents a barrel. Comics Gold up three tenths per cent, or six dollars even at ninety eight sixty announced in the euro right now one point zero nine eight nine against the dollar. Bloomberg Surveillance up next with Tom Keene, Jonathan Farrell, and Lisa Abramowitz for John Tucker. I'm Nathan Haberry. This is Bloomberg