Bloomberg, Brooklyn, Manhattan discussed on Bloomberg Daybreak


And I'm Tara Moscow and U.S. stock index futures are little changed this morning heading into the holiday weekend We're coming up to 5 O one on Wall Street and we check the markets every 15 minutes throughout the trading day on Bloomberg In S&P and down futures our little change this morning NASDAQ futures are up 17 The Dax in Germany is up to tenths of a percent ten year treasury up 6 30 seconds 2.67% yield on the two year 2.33% Nathan Karen will have more on markets in just a minute first The suspected shooter in the Brooklyn subway is set to appear in court today Let's get the very latest live from Bloomberg's Michael Barr Good morning Michael Good morning Nathan The man accused of being the guy in my new shot ten people and wounded others in a Brooklyn subway station was arrested in Manhattan yesterday Mayor Eric Adams New York is we got we got it Police responded to a tip that the 62 year old was Adam McDonald's in Manhattan's east village James allegedly fired a 9 millimeter Glock handgun at least 33 times in the Manhattan bound end train James with addresses in Philadelphia and the Milwaukee area will make an initial court appearance on terrorism charges in federal court in Brooklyn U.S. attorney Brian peace And if convicted he will face a sentence of up to life imprisonment U.S. attorney Pete says the government will prove that James traveled across state lines in order to commit the offense In New York Michael bar Bloomberg daybreak Karen All right Michael thank you The subway shooting is prompted questions on how James might be prosecuted in this case David Schwartz is a former Brooklyn prosecutor at partner at gertz min Schwartz The federal terrorism charge there'll be attempted murder charges on the state level There will be state charges I believe federal charges the federal case will come first Former Brooklyn prosecutor David Schwartz spoke with our Washington correspondent Joe Matthew on Bloomberg sound on catch the program weekdays at 5 p.m. eastern on Bloomberg radio All right let's get to the latest on the war in Ukraine now Karen As Russia continues to reposition for new attacks in the east and south the mayor of Maria poll says more than 20,000 people have been killed in the weeks long siege of the city and now President Biden has announced $800 million in new military aid for Ukraine Bloomberg's head Baxter has the story The package includes artillery ammunition and White House spokeswoman Jen Psaki says helicopters It was unclear for a while From their side whether they wanted additional helicopters we have provided them helicopters in the past And today they made clear they wanted them in So we said great Their helicopters in the package So the new shipment marks a shift toward more offensive weapons prior shipments had been defensive systems In San Francisco I met Baxter Bloomberg daybreak Right thank you Turning to the markets now bank earnings continue with Goldman Sachs and Morgan Stanley Citigroup and Wells Fargo all reporting this morning and we get a preview from Bloomberg and Ali basic After JPMorgan reported earnings it turns out that trading did not fall as much as expected That should bode well for Goldman Sachs and Morgan Stanley which have a greater percentage of their earnings tied to trading businesses The consumer is also in pretty strong shape but there are some businesses that are not growing very quickly as rates start to rise That will be of importance for Wells Fargo as it reports earnings today And for Citigroup there will be questions around the Russia exposure and whether the bank has to take losses tied to the country For Bloomberg daybreak Okay shanali thank you We get another snapshot this morning on the health of the U.S. economy with the march reading on retail sales Here with a preview of that as Bloomberg's Michael McKee March was a month of skyrocketing gasoline prices so dollars collected its service stations should lead the forecast gains But that may mean less spent on other categories a Chicago fed index that tracks retail sales suggests factor out gasoline and autos and march retail sales may have declined significantly To get a clearer picture of American spending will also have to factor out inflation which is at its highest since 1981 given the fed is expected to raise interest rates aggressively to bring inflation down some retail strength would reassure policymakers the economy isn't about to go into recession Michael Bloomberg daybreak All right Mike thank you please join Michael later this morning on Bloomberg surveillance when he speaks live with New York fed president John Williams That's coming up at 8 45 a.m. Wall Street time on both Bloomberg radio and television Of course saming inflation is front and center for the fed Karen and treasury secretary Janet Yellen says the Central Bank has a tough balancing act ahead but it can be done They will try to maintain strong labor markets while bringing inflation down but and if it has been done in the past it's not an impossible combination but it will require skill wind also good luck Janet Yellen says she'll convene a meeting of top international financial officials next week to address a global food security crisis stemming from record prices Overseas Nathan we get a policy decision from the European Central Bank There's some morning economists say that ECB will almost certainly stand pad They'll likely prioritize the fight against inflation over risk to the economy caused by the war in Ukraine The meantime Karen inflation may soon have you paying higher prices at Amazon joining us here live to explain his Bloomberg's ranita young Good morning radio Good morning Nathan Amazon merchants were already grappling with cost related fee hikes that took effect in January and averaged 5% And now Bloomberg news has learned Amazon is adding a 5% fuel and inflation fee on merchants that use its shipping services That's putting pressure on sellers to raise prices It's scheduled to kick in on April 28th Amazon joins a range of companies who've had to take action to offset.

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