Bloomberg Daybreak: March 4, 2022 - Hour 2 (Radio)

stations in Newark. On Michael lar More Ahead, I'm John Stas shown sports Kevin Durant returned to the next lineup. They still lost to the heat in Brooklyn. The Islanders lost the Vancouver That's all straight Ahead on Bloomberg Daybreak on Bloomberg eleven, Trio, New York, Bloomberg one, Washington, d C, Bloomberg one O six one, Boston, Bloomberg nine sixty, San Francisco, Sirius x M one nine Team and around the world Old on Bloomberg Radio dot Com and via the Bloomberg

Business Set. Good morning, I'm Nathan Hagar, and I'm far in Moscow and us OFT index futures are falling this morning as war risks intensify. We're coming up to six o one on Wall Street, and we checked the markets every fifteen minutes throughout the trading day. On Bloomberg, U S and P future is down thirty five down, futures down two hundred sixty four, nasdack futures down one hundred six. The decks in Germany is down three point four percent.

The ten year treasury up nineteen thirty seconds. He had one point seven seven percent, and they yield on the two year at one point for seven percent. Nathan, all right, Karen, we'll get back to markets in a minute. But the stakes have been raised even higher in Russia's war with Ukraine. Russian forces are now occupying Europe's largest nuclear plant after shelling at the facility overnight sparked a fire. Ukrainian President

Vladimir z Linsky says Europe needs to wake up. If there's an explosion, that's the end for everyone, the end for Europe, the evacuation of your. Only urgent action by Europe can stop the Russian troops do not allow the death of Europe from a catastrophe at a nuclear power station. President Zelinski is appealing to Russian President Vladimir Putin to meet with him. Is the only way to stop the war. Secretary of State Antony B. Lincoln says, the world stands

ready to assist Ukraine. We seek no conflict, but if constantly comes to us, we're ready for it and we will defend every inch spret NATO Territory. Secretary Blincoln is meeting with NATO ministers in Brussels. The White House says President Biden is being briefed on the situation, but right now the US says it's not detecting elevated radiation levels at the nuclear site. Meanwhile, Nathan, the rush to flee Ukraine is for some very tough decisions for more than

a million people. On Bloomberg's Dead Bachelor has more over a million people, with a forecast that possibly four million more refugees, and El Shaker, the International Deputy Director of Refugee International, tales Bloomberg families are being split up. Sometimes if it's just a father puts this child on a bus and here rise in Poland. The father may stay to help. So on a company, children are arriving in dainty extra protections, and some of these are only on

fourteen day temporary visas. In San Francisco. I'm at Baxter Bloomberg daybreak. Okay, and thanks. As the US and allies choke off investor demand for Russian assets, parts of Wall Street are jumping on the buying opportunity. Sources say Goldman, Sax and JP Morgan Chase have been purchasing beaten down

company bonds tide to Russia in recent days. Well, Nathan, the Russian stock market remains closed while stocks and you're a plunge over the latest developments in Ukraine, and we go live to London and get the latest with the Bloomberg's Max Ramsey Max. Morning to you, Karen and Nathan. Another day of losses in Europe. The price action is

pretty punishing across the continents. Day the stock six hundred two point nine percent, the foot See one hundred down three percent, and the docks in Germany leads losses down three point seven percent. We see this risk off move in bond markets as well. The German tenure bun yield folding five basis points negative point oh three percent. The yield there as you mentioned the Russian stock market remains shut and stay so until at least Wednesday. It's a

record in the country's modern history. They're looking to safeguard domestic investors from the effects of these sanctions. Life from London, Max Ramsey, Bloomberg daybreak. All right, Max. We also saw losses in Asia overnight. Let's get that recamp from Bloomberg's Juliet Sally In Singapore, Good morning, Juliet, Good morning, Nathan

and Karen. The MSCI Asia Pacific Index fell to a fresh sixteen month loyal weighed down by losses in Japan and Hong Kong, thenicate to to five paired earlier losses of as much as three percent. It closed lower by two point two percent. In Tokyo. Chinese tech players were dumped, with an index of tex sharres listed in Hong Kong falling to its lowest since inception, and the h Shares index is trading near six year loan. Over the course of the week, the ms CI Asia Pacific Index fell

by as much as one point eight percent. It's third weekly loss in Singapore. Juliet Sally Bloomberg dead break, All right, thanks, Juliette. Commodities are wrapping up a historic week as Russia's invasion of Ukraine royals markets. We get the latest life from Bloomberg's rere need a Young, Good morning, Ready down, Good morning, Karen. Soaring commodities prices and crude to aluminum and wheat are adding to hot inflationary pressures that's hurting consumers and fueling

concerns over an economic slowdown. As a result, the Bloomberg Commodity Spot Index has rallied more than nine percent this week. Oil is heading for its biggest weekly surgeon almost two years. Brent crude which is almost it almost hit a hundred twenty dollars yesterday. It's now trading at just over a hundred and twelve dollars a barrel. Prices for wheat, aluminum, nickel, and crude are all expected to continue rising. Live in

New York. I'm Renita Young Bloomberg day break right, Renita. Thanks. Despite the surgeon oil prices and the Russian invasion of Ukraine, Fed Chair j Palace sticking to plans to raise raids beginning later this month. I would be recommending and supporting a one quarter of one percent interest rate increase at our March meeting. If we don't see inflation behaving as we expected to behave, which is to peek and begin

to come down. If we see inflation behaving in ways not consistent with that, then we're prepared to raise my more than that amount in a meeting or meetings, FED Chair j Pow reiterated the rate hike plan during two days of congressional testimony. The FEDS two day Policy Meeting begins March fift Well, Nathan. The feds next major economic data point comes later this morning with the release of the February Jobs Are Poor and Are We get a

preview from Bloomberg's Michael McKee. The consensus is that as the O Macron COVID variant faded in February, hiring probably picked up and was forecast another large gaining jobs restored and a drop in the unemployment rate back below four percent. Although the Russian War will cap the impact of this employment report, Federal Reserve officials will be interested in the strength of hourly earnings as they watch for signs high

inflation may be becoming embedded in the economy. The FED is also interested in the labor force participation rate, how many people are out looking for a job this week. Chairman J Powell told Congress policymakers don't know why so many people are staying home, but he expressed hope that hiring will pick up as COVID eases. Michael McKee Bloomberg Daybreak. Okay, Mike, thanks SMP futures down thirty five points down, futures down two d sixty eight and astack futures lower by a

hundred points. The tenure treasury of eighteen thirty seconds, the yield one point seven seven. NIMEX screwed up two point two hundred ten dollars eight cents of barrel the euro at one ten to the dollar. Straight ahead your latest local headlines in the check of sports. This is Bloomberg Sounds six o seven on Wall Street where twenty one degrees in Central Park, A boy the FDR drive a vehicle fire on the northbound side as UH, causing serious delays.

Michael Barr has more on what's going on in New York and around the world. Michael, thank you very much. Nathan. This could be a big day in New York City's progress against COVID. Nineteen Mayor Eric Adams could announce as soon as today to lift mask mandates and schools and vaccination requirements and restaurants, bars, and theaters, while infections, hospitalizations, and deaths continue to move Adams, it could signal a turning point in the pandemic to a return to normalcy

if he makes the decision today. Meanwhile, New York City's Health Department says COVID hospitalizations saw the biggest racial gap during O Macron. Black New Yorkers were hospitalized at two times the rate of White New Yorkers during the winter O Macron surge. Gas prices have shot up across the country due in large part to the Russian invasion of Ukraine. It's causing a sharp rise in oil prices in North Carolina.

For example, the price of a gallon of regular at an Exxon gas station and Raleigh had closed to four dollars twenty cents. This Raley mom says even their teenagers are feeling the pinch. I have kids that just started driving, and I know that their love and the experience, but even they are completely overwhelmed by the end of their paycheck. You know, how do I get back and forth to work.

Los Angeles is now averaging more than five dollars outraged by the invasion of Ukraine, lawmakers in New Jersey's largest city took aim at the Russian franchise loo Oyal Gas Stations. The New York City Council voted unanimously to suspend the service stations operating licenses, citing Luke Oil's base in Moscow. However, the stations are franchises owned by locals, not Russians, and

they employ mostly New Jersey residents. President Biden's signed bipartisan legislation that prohibits the use of forest arbitration and sexual assault and harassment claims in the workplace. President Biden says the Forest Arbitration of Sexual Assault and Harassment Act ends a secretive practice that is often used to shield perpetrators

from full and public accountability. There will be cases where victims want their claims resolved in private, but some survivors will want their day in court, and that should be their choice and nobody else's church. The President says. The new law profoundly changes the way businesses handles sexual abuse allegations. Global News twenty four hours a day on air and on Bloomberg quick Take, powered by more than twenty seven under journalist and analyist more than twenty countries. Michael bar

this is Bloomberg NA. Okay, Michael, thank you. We're coming up to six ten on Wall Street. Time for the Bloomberg Sports Update with John Sesshire. Thanks Nathan, welcome back. Kevin Durant, first game for the Nets after missing twenty one with an injury. Same old Katie. Thirty one points in thirty five minutes, but the Nets lost at Park least to East lead. In Miami one thirteen one o seven. The Heat were coming off a blown lead a one

point lost the night before. In Milwaukee. They gave three starters the night off, but Bam out of Bio played He scored thirty and the Nets have now lost sixteen of their last nineteen to drop down to five hundred. They played Sunday in Boston. The Celtics just beating Memphis. They've won thirteen of fifteen. The Knicks like the Nets, losers of sixteen the last nineteen, and talk about it not getting any easier. Next to night in Phoenix, the Sons are an NBA best fifty and twelve at the

ub S Arena. Islanders had a third period lead Vancouver two goals forty five seconds apart midways to the third. The Canucks won four to three, so they went two and one on their tour. Of the three New York Area teams, the Isles have now lost eight of the last eleven college It's rare loss for Iona in Riverdale,

Manhattan's forward for the second left one by two. Iona has dominated the mat but needs to win the upcoming conference tournament to gain entry to the MT Double A. The big college basketball story is the game tomorrow North Carolina at Duke Final, long game for Duke's legendary coach. Like I've tried never to look in the past too much or or in the future, but you know a little bit of thinking yesterday your last game in camera? Right,

It's crazy, you know, how how did that happen? Coach the Duke for forty two years, most wins and into double A history, John Stay actually were Bloomberg Sports, Thanks John. Sp Futures down down thirty four points down. Futures down two undred sixty six. Dan stack futures are lower by ninety three points. The tenure treasury yield one point seven seven percent. The euro now one points your own nine nine five against the dollar, lowest level since May This

is Bloomberg. Bloomberg Daybreak, brought to you by Audie. Don't let someone else drive off in the outie model you've always wanted. Visit a try state autie healer to get behind the wheel of yours. Today, Markets headlines and breaking news twenty four hours a day at Bloomberg dot Com, the Bloomberg Business Outland at Bloomberg Quick Tape. This is

a Bloomberg Business Flash and I'm parrot. Moscow stocks are falling along with US stock index futures this morning as war risks in tensify after a Ukrainian nuclear power plant briefly caught fire. We checked the markets every fifteen minutes throughout the trading day on Bloomberg Right Now. S and P futures down forty points down, futures down three hundred eight nasdack futures down one twenty two. The decks in

Germany is down three point six per cent. The ten year treasury of eighteen thirty seconds he had one point seven seven per cent. They yield on the two year one point four nine percent. Nine meg Screwed oil is up to per cent, up two dollars nineteen cents and a hundred nine dollars eighty seven eighty seven cents of barrel comes. Gold is up seven tenths per cent, or thirty dollars forty cents at nineteen forty nine fifty announced.

The euro one five against the dollar, British pound one point three two nine six, the yen is at one fifteen point three five and checking nitcoin this morning lower down one point one percent. It's at forty one thousand, six hundred thirty dollars. And today, of course we're watching for the February jobs are for it. It's at eight thirty Wall Street time. That's a Bloomberg business flash. Now here's Michael Barr with Laura Unless going on around the world.

Michael Darren, thank you very much. Ukrainian authorities say a fivere at Europe's biggest nuclear plan, ignited by Russian shelling, has been extinguished and that Russian forces have taken control of the site. Ukraine State Nuclear Regulator says so far no changes in ready Asian levels have been recorded. Donald Trump Junior's fiancee has been subpoena to test VI before

the House January sixth committee. The subpoenist says Kimberly Gilfoyle met with Donald Trump at the White House, spoke at the rally before the January six riot, and helped organize and raise money for the event. In the NBA, the Nets and Warriors lost, the Celtics won. In the NHL, the Islanders lost, the Bruins and Capitals won. Global News twenty four hours a day on air and on Bloomberg Quicktake, powered by more than twenty seven under journalists and analyst

more than a hundred twenty countries. I'm Michael bar This is Bloomberg Nathan. Thanks Michael. At six nineteen on Wall Street Life from the Bloomberg Intractive Brokers Studios. This is Bloomberg Daybreak as we continue to monitor developments around the war in Ukraine. Were very pleased to be joined this morning by Andy Blocker. He's the global head of Public Policy,

head of US Government Affairs at Investco. Andy, it's great to speak with you again this morning as we watch NATO ministers meeting in Brussels right now, just to get our listeners up to be the United Kingdoms Foreign Minister is now calling for an urgent U n Security Council meeting after the shelling of the nuclear plant in Ukraine, Europe's largest nuclear facility. Does this attack change the way the US and Europe approach Russia in this war? Well,

they didn't. Look, the US and the Europe have really been very very strong up to this point and ratcheting up sanctions to a level that at the beginning of this didn't think they would do, with some banks being denied access to swift with the Russian Central Bank, even Switzerland joining in given their neutrality. So yes, they've done a lot until now, But I don't think this particular

incident will change what the US is doing. I mean, you saw the US doing um all of darts as far as going after them and considering other options like oil and gas, which the administrations about for now, But so that incident will not in them itself. Do I think we're ratching up regardless pushback a bit. You mentioned the oil and gas still not under sanctioned. There are quite a few observers who say that the US and Europe should be targeting Russia's oil and gas to cut

off financing of the war even further. What would it take to get the allies to make that step? Is it a step that should be taken? So on that. I think the whole back there is that right now Europe is not willing to go that far. I mean, as you know, Europe is much more reliant on Russian oil and gas than the US. I think it's reliance on Russian oil and forty percent reliance on Russian gas in Europe were much smaller. I think it's four to

five percent in the US. It's actually a possibility. I mean, not only Center Mansion and Republicans in favor of banning Russian oil, but Speaker Pelosi's made comments. So that is a lot of pressures of administrations holding back right now and the resisting this mostly because they don't want to do anything that will exacerbate an already tenuous inflation situation. So that remains to be seen how that goes. It may take an access Congress to push the administration in

that direction. There's some pressure on the administration I think to consider boosting domestic production. Is that is there any appetite at the White House to do that? I think on some level there would be some um. I think Senator Mansion's proposal is to to ban Russian oil while also increase in production of oil, gas, and coal along with clean energy. Um. I'm not sure how environmentalists will

look at that, but that's the debate right now. Are there off ramps for President putin that you can see right now? What effect are the sanctions having at this point the targeting of not just the banks but the oligarchs right now, So that's the big question, Nathan, Um, what is his off ramp I think his conversation with Macron yesterday is disheartening for those who think he's gonna back down. He's saying we're moving full steam ahead. And I think this is going to be a long, bloody

siege and war with Ukraine. So if he goes down that path to you know, that path, there is no offer ramp Um. And I think the Russian people ultimately are going to suffer. They've already suffered greatly with some of the Central Bank and the and the bank fensions and Um, so I think it gets worse before it

gets better. I wanted to ask you a little bit further, what does the targeting the the at least the shelling of large nuclear sights now in Ukraine tell you about where this war could be going, what Russia's strategy could be Um, this is Russia's going after the infrastructure of of Ukraine. They're gonna do it's it's almost a siege UM type approach where they're just gonna wait them out

and just pretty much destroy the country. So I think they're they're they're trying to take over every UM central, whether it's energy with it's communications, everything. They're trying to do everything they can to debilitate the country and UM. It's it's interesting that at one point Plutin can say, hey, U trainings are Russians, yet he would he would do all of this UM horrific things in the country. About

thirty seconds left. Is there anything further that you can see that the allies in the US can do right now to help Ukrane, Well, they are doing a lot as far as helping them UM with parmaments. You've seen Germany reverse on its long staying policy of banning the export of weapons into the CONFLI zone. You see Sweden as well come in and do the same thing as well as the EU. So they're doing what they can. The US is sharing intelligence to help them UM, and

there's humanitarian aid. But as far as reversal of this UM slow march is taken over a Ukraine that's really unputin. At this point, I think I'm not sure that Ukraine can hold them off in the long term. Andy Blocker, thank you for your insights. Andy Blocker's head of Global Public Policy, head of US Government Affairs at Investco. Future is moving lower. You're listening to Bloomberg day Break Bloomberg

eleven three oh weather. Sunshine up for thirties today, clouds end upper forties tomorrow, Scattered showers, Breezy and mild for Sunday, with a high near sixty five degrees. Right now twenty one in Central Park, broadcasting live from the Bloomberg Interactive Broker Studio in New York, Bloomberg Eving FO to Washington, d C, Bloomberg to Boston, Bloomberg one O six one to San Francisco, Bloomberg Non sixty to the country, Sirius XM Cho one nine, and around the globe, the Bloomberg

Business and Bloomberg Radio dot Com. This is Bloomberg Daybreak six thirty on Wall Street. Good morning, I'm Nathan Hagar and I'm Karen Moscow, and we're just about three hours away from the open of US trading. It's time for the five things you need to notice start your day. Bronze you by interactive brokers trade crypto for less going with commissions just twelve to eighteen basis points and no hidden spreads their markups. Learn more at ibk R dot com,

slash crypto. At first, Russia now occupying the largest nuclear side in Europe. Overnight Shelling started a fire at this operation nuclear plant. Ukrainian Energy Minister Hermann Hallushenko tells us this raises the stakes in the war. One example of the parigia could be repeated in in Uh, in the other stations, on the other units. And and that's why we ask for clothing the sky. We don't see any

other possibilities. Herman Hellushenko spoke on Bloomberg Television. The US Energy Department says it's activated it's nuclear incident Response team, but right now it doesn't see elevated radiation levels. The US futures and stocks overseas are falling as the war escalates. Caaring right now, SMP five dred futures are down three

quarters of one percent. Major European averages and stocks in Asia are lower between two and three percent, and commodities are happing up a historic week, Nathan as Russia's invasion of Ukraine royals markets. We get the latest lie from Bloomberg's Real Need a young good Morning, Ready to good morning, Karen's soaring commodities prices from crewe to aluminum and wheat are adding to hot inflationary pressures that's hurting consumers and

fueling concerns over an economic slowdown. Oil is heading for its biggest weekly surge in almost two years. Brent crude, which almost hit a hundred twenty dollars yesterday, is trading at around a hundred and ten dollars right now. Prices for wheat, aluminum, nickel, and crude are all expected to continue rising. Live in New York, I'm rened a young Bloomberg debreak Okay, Nita, Thanks and investors are also bracing

for the February jobs report. We get a preview that from bloombergs Vinne del judas US pay roll growth probably top four hundred thousand in February. That would follow a solid January game a four hundred sixty seven thousand. Bloomberg Economics as workers have been sentived to return after the pandemic, citing rising wages as well as the end of emergency assistants. Labor shortage is persist and the number of workers collecting unemployment benefits is at a half century low. Fino Judae

Spoomberg day break, RIGHTNY, Thank you. While turning to stocks on the move, Shares of Smith and Wesson are down twenty three percent, the gunmaker's third quarters sales missing analysts estimates, and Gap is up more than six and a half percent. The retailer giving an optimistic projection for the current Here and that's the five things you need to notice start your day. Brought to you by Interactive Brokers. It is currently well SMP futures are down about thirty five points.

Right now, straight to Hedge yourlatest local headlines plus a check of sports. This is Bloomberg. It is currently six thirty three on Wall Street where twenty one degrees in Central Park. It's still dealing with the act are effects of a serious vehicle fire and northbound FDR drive. Michael Barr is here with what else is going on in New York and around the world. Good morning, Michael, Good

morning Nathan. And important milestone in New York City's progress against COVID nineteen could soon arrive and Mayor Eric Adams lifts mask man dates in schools andacination requirements in restaurants, bars, and theaters. The mayor says a decision could come as soon as today, a long awaited development in the city

that was once the epicenter of a deadly pandemic. While infections, hospitalizations, and deaths continue, the move by Adams could signal a turning point in the pandemic by firmly shifting the focus on recovery and return to normalcy. Outraged by the invasion of Ukraine, lawmakers in New Jersey's largest city lashed out at symbols of Russia in their city, a pair of Luke oil gas stations. The New York City Council voted unanimously to suspend the service stations operating licenses, citing Luke

oils based in Moscow. However, the stations are franchises owned by locals, not Russians, and they employ mostly New Jersey residents. President Biden has signed a law preventing companies from forcing sexual assault or harassment victims into secret arbitration and settlements. Between half and three quarters Wall women reports that they have faced some form of sexual harassment were a place and too often to denied a voice from a fair

chance to do anything about it. Vice President Kamala Harris also made the announcement with the President for st arbitration silences survivors a sexual assault and harassment. It shields predators instead of holding them accountable, and gives corporations a powerful tool to hide abuse and misconduct. Harris and President Biden

praised both parties for the measure. For now, Donald Trump and two of his children won't have to appear for depositions in New York Attorney General Latisia James's probe of their families business while they challenge a decision requiring them to testify. The former president, Donald Trump Jr. And Ivanka Trump appeal to state judges order issuing last month that forced them to give testimony and James's investigation and to

potentially fraudulent asset valuations at the Trump organization. Yesterday, James and the Trumps agreed that they will not have to appear until two weeks after an appellate panel in Manhattan upholds the order. Governor Phil Murphy is including property tax relief checks in the annual spending plan he will introduce next week with an average seven hundred dollars plan for New Jersey homeowners making as much as two hundred fifty

thousand dollars a year. Global News twenty four hours a day on air and on Bloomberg Quicktech, powered by more than journalists analysts more than a hundred twenty countries. Michael bar this is Bloomberg, Nathan, Thanks Michael, six thirty six on Wall Street. John stash hours got the Bloomberg Sports update. Thanks Nathan Nixon. Nets have the exact same record over their last nineteen games, and it's not good. Three and sixteen NETS for the most part because to the Kevin

Durant knee injury. He did return last night at park Ley's, his first game in forty seven days. NETS still lost to Miami one thirteen to one oh seven. K D scored thirty one points. Feel great, I'm only gonna get better, more comfortable out there, you know, take more of a load out there to post when I get um, when I get you know, more games under my boat. So um Nets visit Boston Sunday under the lost Strops and under five hundred knicks er in Phoenix tonight and the

Suns are fifty and twelve. There twenty three games ahead of the Lakers, who just got blown out by the Clippers. Dallas being slumping Golden State Luca downs it's one points a year triple double. The Warriors have lost five of the last six. Islanders have lost eight of eleven. Beaten home by Vancouver four to three. College hoops upset in My Manhattan by two over Iona do Coast North Carolina tomorrow. Over forty two years, Mike Schofski has Coast over two

hundred players. They've all been invited back for coach K's final ever home game. The NFL says there will be no COVID protocols for two starting with the offseason activities. France has eased its vaccine rules that may allout. Novak djokovis to play the French Open. Rory McIlroy loves playing bay Hill. He's been in the top ten five straight years in an opening around seventh. Roy has a two shot.

John Stash were Bloomberg Sports Okay, John thanks six thirty seven on Wall Street Time to take a look at stock some of the names moving in the pre market. Bloomberg Radio and TV Markets corresponded. Creedy goop that joins us at the end of a very vault a week. Good morning, creedy, well, good morning, Yeah, a lot of red on the screen. Of course, a lot of this has to just come with fluctuations that you're seeing with the nuclear plant story in Ukraine, the latest kind of

developments coming out of that war, essentially the issue with futures. Actually, as you saw this actually open in the green, then he saw a massive drop when those headlines of the nuclear plant came out, and then a reversal when the fire was finally be able to put out. But nevertheless, you are seeing a very risk off sentiment in the market. Let's get you some individual movers though, because tech is

actually performing not as badly. I don't want to see outperformer performing not as badly as the rest of the market. Apple will use as a proxy here a a p L as your ticker up or actually down nine tenths of a percent. A m D, which is another Semis company, is down one point one percent. That's compared to some of the bigger kind of moves that you're seeing in some of the very heavy volume names from where those volatility plays like travel names, Carnival, Cruise, Lines at the

top of that. Let's see c ls A Taker, They're

down a whopping four point four percent. American Airlines a ls A taker, they're down two point three Just kind of giving you both sides of spectrum here, because those travel names are the most volatile names in the index, just given the COVID nineteen pandemic anyway, So when you do see a risk off tone like this, the biggest hit tends to be in those names, Nathan, And of course, in the risk off mornings we've seen this week or that, it seemed like the only upside movers have been once

related to the energy sector, and we're seeing a surge in oil prices again this morning. Is that what's playing out again today? It absolutely is. I mean, check out some of the really just handful of names from seeing only ten stocks that are actually higher in UH in pre market trading. Let's tar with some of those oil stocks, like you mentioned Valero for example, v l O is your ticker up one one percent. Remember this does have some Russian energy exposure to so you don't want to

keep an eye on this name. Devon Energy as well, d v and up eight tenths of a percent, But then you have some of the other commodity names as well. F c X for Freeport Mcmaran, of course, the major copper player, up eight tenths of a percent. Mosaic as well, the major a fertilizer maker that gets a lot of their business from Russia. M os as your taker, They're up nine tenths of percent. Defense names like Raytheon, r t X up one seven percent. I'm gonna end here

with EPAM Systems. This is a software company that actually has fourteen thousand personnel in Ukraine, eighteen thousand Russia and Belarus. They had a major hit earlier on Monday when they would drew their guidance, essentially saying that because of the uncertain team of the region, they couldn't predict what was next. Took a major hit earlier this week, and now you're seeing a little bit of a cat bounce or dead cat bounce, as just say today, up just have two percent.

Nathan all Right, Bloomberg Radio and TV Markets correspondent. Pretty good to so great to have you keeping us up to speed on what's happening in the market as we continue to watch this intensifying war in Ukraine right now SMP futures are down thirty eight points down, futures down two ninety and nansect futures are lower by a hundred twenty points a ten. Your treasury is up seventeen thirty seconds.

The yield one point. The euro right now one point zero nine seven six against the dollar, that is near a two year low. This is Bloomberg Bloomberg eleven three oh weather mostly sunny, upper thirties today, It'll turn cloudy to start the weekend Saturday, highs in the upper forties, mid sixties by Sunday with scattered showers. Right now twenty one in Central Park markets. Headlines and breaking news twenty four hours a day at Bloomberg dot Com, the Bloomberg

Business Out and at Bloomberg Quick Tape. This is a Bloomberg business flash and I'm far in Moscow. Futures are lower this morning. Let's go to the first word breaking news dash for today's morning call. Here's Bill Maloney. Welcome morning and good morning Karen. That's right. US features are

under pressure and made Ukraine worries. Futures currently down two D seventy one point says if you shop thirty five one, that's deck futures are off by a hundred and four the US ten yeld at one point seven eight percent, gold is up ten oil is climbing, and bitcoin is down by one percent. Japan fell two point two percent overnight, while up markets are under pressure, led by four percent

losses in Italy. Back in the US on the Economic Frinday thirty u S February jobs report after develous night, Costco sales beat estimates and Broadcom Q two revenue beat estimates. In other news, Private Equity built a seven and a half percent stake in Splunk worth about one point four billion. Rabbing things up Sea three a I was cut to sell at Deutsche Bank. Spunk was raised to outperform over at IOWA. Live from the First Breaking News Desk on

Bill Maloney. Care all right, Bill, thank you, and here live breaking news over your Bloomberg type squawk on your terminal s Q you A w u K that's a Bloomberg business flash. Now here's Michael are with more on what's going on around the world. Michael Karen, thank you very much. Russian forces occupied the site of Europe's largest nuclear power plant today after an attack that ignited the fire at the complex in Ukraine. Emergency services extinguished the

fire and there were no casualties. Ukraine told the International Atomic Energy Agency the incident had not effected the central equipment and there had been no change reported in radiation levels. The Winter Paralympics are set to open in Beijing today with the Russian athletes sent home. Meanwhile, with the Ukrainian team escaping a war zone. The head of the delegation says, it's a miracle they got to China. In the NBA, the Nets and Warriors lost the Celtics. One in the NHL,

the Islanders lost the Bruins and Capitals. One. Global News twenty four hours a day on air and on Bloomberg Quick Take, powered by more than twenty seven hundred journalists and analysts in more than one twenty countries. I'm Michael Barr.

This is Bloomberg Arran. Sorry Michael Barr. Thank you. Sixty nine on All Straight and we turn to news now in science and technology with the Bloomberg and j I T STEMM Report, brought to you by New Jersey Institute of Technology and j I T makes infrastructure ready graduates from civil engineers to transportations specialists. If it's infrastructure and j I T grads are building it more at n j I T DOT e DU. Now Here's what's making

news and science, technology, engineering, and math too. Big names in Japanese electronics and autos are joining forces to produce an electric vehicle together. Sony Group and Honda Motor have agreed to set up a joint venture this year to start selling an electric vehicle by all the world's automakers have been developing zero emissions electric vehicles as concerns grow about pollution and climate change. The US government's annual safety ratings of cars may soon give them credit for having

driver assistance systems. It's the latest indication that the once futuristic technology is becoming mainstream. The Department of Transportation proposed that lane keeping support, automatic emergency breaking, blind spot detection, and blind spot intervention be incorporated into its five star safety writings program for new cars. And Apple will begin to drop its mass requirement for both corporate and retail employees in the U S as COVID cases decline and

local governments loosen restrictions. The company told staff that mass for vaccinated corporate employees are now optional at offices and regions where local indoor mass mandates have been eliminated, and as the Bloomberg and j I. T Stem report Nathan, thank you, Karen. We're live from the Bloomberg Interactive Brokers studios where it's almost six fifty one on Wall Street

time now to check what's going on in VC. Some of the top stories in our nation's capital include the White House monitoring the situation after Russia fires on and occupies Europe's biggest nuclear plant in Ukraine, the Biden administration slapping sanctions on eight wealthy Russians and their families, and the White House balking at a ban on Russian oil, sparking a new feud with Congress. Let's bring in Bloomberg Government reporter Emily Wilkins as we continue watching developments in

the war in Ukraine. Of course, Emily, we had that attack on the southeastern Ukrainian nuclear site overnight and Russia is now occupying it. What's the latest there and how the US is responding. So we have heard that the fire has been put out, that radiation levels are normal, or at least the fires have not put out, has been contained, and so the threat level there has gone down a bit but yes, it has been taken over

and is held by the Russians. I think really the concern here is that they would even target a nuclear plant, just the level of danger that that would bring about. A Ukrainian president, Zelinski said, if there is an explosion, quote, it's the end of everything, the end of Europe. And you're hearing similar rhetory from across the world from Boris Johnson,

from Energy Energy Secretary Jennifer Graholm. Just a lot of fear about what could have happened had more key parts of this nuclear facility caught on fire or been hurt in the attacks. Um So that's certainly something that's been top of mind, and it really comes as there's this wider debate in Washington unfolding about what needs to happen in terms of energy, I mean specifically with the energy the oil and gas that the US buys from Russia

and whether or not there should be a ban on that. Yeah, it does feel like something that raises the stakes when it comes to the danger from this war. Does it change the focus for the US and Europe in terms of how to respond to Russia. I mean, at this point, we haven't seen any sort of concrete change come from it.

We did see that there was a Ukrainian energy minister called for a no fly zone over Ukraine, but that does not seem likely because you know that the US and NETOT have explained establishing that no fly zone would mean engaging and shooting down Russian planes and and that could lead to a much wider war across Europe. Uh So, at this point, there doesn't seem to be any particular change there. But you know, obviously these these attacks occurred

later in the evening. You've got Washington waking up right now. It will be very interesting to monitor the situation today and to see what sort of response there will be. And you mentioned it comes amid the debate over whether to target Russian oil and gas in terms of sanctions. We got that sanctions announcement yesterday from the Biden administration against Russian oligarchs. Are we seeing that have any effect

at this point? At this point, it's probably a little too soon to tell whether or not these sanctions on the oligarchs are having the intended effect, which is of course to move them further away from Putin, to really chip into Putin's inner circle. We have seen some signs that some of these oligarchs have been trying to distance

themselves a little bit from Putin. But I think when you're looking at the sanctions that are really going to have the most impact, I think more people are keeping an eye on the economic sanctions um rather than the ones that are targeting Putin's inner circle. And one of those economic sanctions that's still uh ostensibly, I guess on the table. Least the White House has said is targeting Russian oil and gas, but it seems like there's been

a reluctance to go that far. What's the pressure that the White House is facing right now when it comes to potentially taking aim at the energy sector in Russia. Well, the White House is facing a lot of pressure right now to ban US imports of Russian oil. House speaker Nancy Pelosi was asked about a potential ban yesterday during her pressor. She did not mince words. She said, I'm all for that ban it and that is goes against kind of what the White where the White House is

at right now. They've said that doing such a ban you could hurt Americans, could hurt gas, could get further increased gas prices in the US. But there's a bipartisanship building around this issue. You saw legislation introduce that would implement a ban from both Republican Senator Lisa Mirikowski and

Democratic Senator Joe Mansion. And pressure is also coming to the White House via oil executive asking Biden to support the shell industry and that this is a time that the US really needs to go all in on its energy sources to keep from relying on Russia. Yeah, it was interesting to hear from some of those oil executives saying they haven't even had a conversation yet with the President or anyone at the White House when it comes to supporting US shale. Could there be any movement on

that score from the Wine House? Well, the White House hasn't exactly been bfs with the shell producers. I mean, if I didn't, you know, he he really does did come in looking to enact a sort of green climate agenda with clean energy, uh, and so you haven't seen a lot of support for that. But it will be very notable to see how this conflict and how the

current situation might wind up changing that relationship. And it does certainly seem like this conflict is escalating very quickly, only about a week and a half since the invasion. Bloomberg Government reporter Emily Wilkins, thank you for keeping us up to speed on what's happened from the perspective of the nation's capital. And you can read much more at

Bloomberg dot com or on the Bloomberg terminal. Listen to Bloomberg Radio when you're in Washington, d C. It's at Bloomberg one and one oh five point seven FM h D two. Karen, all right, Nathan, it is six fifty six on Wall Street, and this is Bloomberg Daybreak. And March is Women's History Month, and every day this month we're celebrating significant moments in women's history. Now if your installment for March fourth, here is Bloomberg's Trina Young on

this day in Women's History. In nineteen thirty three, Francis Perkins is sworn in as U S Secretary of Labor, making her the first female member of a U S presidential cabinet. She served under President Franklin Roosevelt. Prior to the White House, Perkins tirelessly fought for workers rights and safety in various New York City and state agencies. She was one of two cabinet members who served for the

entirety of the Roosevelt administration. Perkins played an active role in developing and enacting a wide range of New Deal programs, including the Social Security Act and the Fair Labor Standards Act. She also pushed for a minimum wage, a maximum work week, and a limit on unemployment of children under sixteen. That's

today in women's history. I'm Nita Young, Bloomberg Radio. All right, Brinita, thank you, and we continue to watch currencies this morning, with a euro extending its decline below a dollar ten for the first time since May, currently at right now one point oh nine seven nine against the dollar at the end is at one fifteen point three six and the British pound is at one point three to nine zero. Bloomer Surveillance is straight ahead with Tom King, Jonathan Farrell,

and Lisa Abramowitz for Nick and Hagar. I'm para Moscow, and this is Bloomberg