jon: i'm back. carry on. tom: jon left, table for two. this is important, steven roach joining us, senior fellow at yale university. we'll talk about the fed and what we're doing in america. i've got to go back to the heart of your work on asia and the fact is you get off cathay pacific at terminal 1 at hong kong international airport and the big morgan stanley sign you personally put up there as you came down the ramp at terminal run. those days are gone. your new view on the new china? >> well, those were the days, tom. i probably will never go on cathe pacific again, sadly. look, china is clearly embracing a different type of approach to the balance between ideology, policy and economic growth than at any point since i've been covering the country. ideology is the dominant force under ping and what has been disturbing and shocking is how he uses the ideology for what had been the most dynamic sectors of the chinese economy, the internet platform companies and at the same time he's doing that, he's got this income redistribution, wealth

fox report with jon scott starts right now. ♪♪ jon: hostage standoff continues right now at a synagogue in texas. good evening, i am jon scott and this is the fox report. ♪♪ jon: the situation still unfolding near fort worth. police say a man took multiple hostages during saturday's services at the israel synagogue. standoff began shortly before noon central time, 1:00 p.m. eastern. the synagogue was live streaming services on facebook earlier this afternoon. s.w.a.t. teams are on the scene and police have been tweeting updates on the situation asking residents to avoid the area. brian joins us live with the latest as the standoff has reached our five. >> good evening, rabbi reportedly three others held hostage by a man inside the congregation israel and colleyville texas. 17 miles northeast of downtown in fort worth texas a spokeswoman telling the associated press there are no injuries at this time describing this evolving situation. from our understanding, hostage negotiations are still very much ongoing. people arrived around noon today and evacuated the area among multiple agenc

jon? jon: lucas, thanks. so as russia continues to boost its military billup at the border with ukraine, that country's president, vladimir zelensky, is urging calm. a white house official responding telling fox news zelensky is, quote, downplaying the risk of invasion despite asking for defense assistance. senior correspondent greg palkot is live in ukraine's capital of kiev. greg. >> reporter: hi, jon, yeah. the folks here are watching very closely that russian billup across their borders -- buildup, and they're also watching a bit of a leadership messaging clash. the latest figure we're getting from the government is 130,000 russian troops are massed outside the country, 20,000 more than last month. and fox news is confirming a report that russia has moved blood supplies and medical units close to the ukraine border for possible treatment of casualties. making it seem less likely that these are exercises as moscow says they are. president biden says an invasion is imminent, and that is the hitch because uk

jon: what about a weapon? we been told is on, he claims he's armed but we haven't confirmed that there is a weapon involved. if there is no weapon involved, is it still kidnapping? >> yes, the kidnapping doesn't require a weapon, it just requires the person being kidnapped not be there voluntarily. the punishment for kidnapping is so high that you don't need to worry about the element of whether or not a gun is used. if there is a death during the kidnapping, he's eligible for the death penalty so i don't think the gun in this situation right now is very important. only if there is a gun and accused. jon: but these are not the kinds of things hostage negotiators are communicating with him, they are trying to build a relationship, a friendship if you will over the phone to try to persuade this guy to about the hostages go? >> yes and i think it is you mentioned how feet have been cut and we certainly hope it has been, the video and audio feed to the perpetrator here because you want anything somebody says, a vi

jon: with visio. a spokesperson for florida governor ron desantis dismissing claims the governor was missing medsurg and covid cases in his state. new york congresswoman alexandria ocasio-cortez was among those who criticized the governor tweeting, haven't governor's head is% missing for like two weeks? one florida mayor had this to say. >> where is ron desantis now? when was the last time you saw the governor do a press briefing regarding covid-19? >> the governor's spokesperson says who the company his wife cases cancer treatment under summer 29th, the day several critics accused him of being missing in action, multiple staffers say he is not been on vacation and has had private meetings this past week. coming up, remains up almost 1000 structures are covid in snow after the wildfires ravaged colorado. we have a live update on the possible cause and how many are now. missing plus -- tributes are pouring in for betty white, the beloved actress who passed just hours before the new year began. when you

jon: the u.s. urging north korea for direct talks after a slew of missile tests this month, senior biden administration official tells fox they believe it's time to hold serious and sustained diplomacy official says the end goal is a complete denuclearization of the insula, north korea said it tested and intermediate and long range ballistic missile the launch was the most powerful missile test since 2017. it is also kim jong-un's seventh missile launch this month more than all of last year. jon: a snowstorm for the record books claim in the northeast bringing blizzard conditions with wing guest more than 80 miles an hour in massachusetts the storm dumping was 2 feet of snow on boston coming very close to the one-day record, molly live in plymouth massachusetts with the dig out. >> good evening is a very calm day to dig out but beautiful and bright throughout much of the day 15 degrees in plymouth massachusetts and 20 in boston a little bit warmer but still very cold in boston as you mentioned hitt

. ♪ jon: i'm jon erlichman. welcome to bloomberg markets. matt: i'm matt miller. here are the top stories we are following for you around the world. u.s. retail sales dropped by the most in 10 months suggesting the passes inflation in decades is taking a greater call on -- tall on consumers. and as hong kong tries to maintain china's zero covid policy, chaos ensues at certain places. jp morgan and citi tumbling after posting a steeper the next big drop, coupled with a surprise jump in expenses to spook investors. all that and more, coming up. jon: the banking theme certainly alive and well when we look at the intraday averages after that 1.5 drop for the s&p yesterday. you can see we are down again today. it looks like we will see our second losing week in a row. off to a rough start in 2022. that thinking may be that people are going after tech stocks, but some of those names have been faring better. there has been a lot of outperformance from energy. those are doing ok, but financials, not so much. that goes into the underperformance from some of the banks. the

jon? jon: alexis, thanks. joining us now, former boston police department superintendent in chief dan ya lin sky, now a fellow at the duff and phelps agency for good governance. chief, you've heard the da in manhattan say he thinks this is going to make this city safer. what's your take? >> yeah, i think it's about time to stop politics and focus on public safety, right? so both sides are on soap boxes. what they need to do is come to the table and have a conversation about designing a public safety strategy that the community wants and the police and prosecutors can provide in new york. discretion is always there. cops not arresting people for shoplifting, every day in my social media feed i see a police officer who's paying for a family that was shoplifting clothes or food for children. that's accepted by all sides. so a lot of that is rhetoric. we do need to -- jon, you're a pilot, right? pilots have checklists, what works and what doesn't work. we know that including the community in our policing strategie

jon: it's great to have you on. thank you. >> high-level talks that underway between the united states and russia over moscow's buildup of 100,000 troops on the border with ukraine, russia says it is not planning to invade but it wants the u.s. to back off its support of ukraine. greg live in geneva switzerland with the latest on that. >> were outside the u.s. mission in geneva where there is crucial talk starting tomorrow but tonight there is informal talks deputy secretary for a working dinner the russians emerged saying they talk of businesslike. but those russian troops on the border of ukraine the threat of invasion or the vladimir putin for ukraine and other countries to stay out of nato and the troops in arms of the u.s. alliance to shift away from russia here is how secretary state lincoln described his choices. >> i don't know if the decision has been made and it's clear that we offer them to passports through diplomacy and dialogue and the other is through the appearance of massive consequences for russia

i am jon scott this is the "fox report". ♪. jon: ukraine is receiving military aid from the u.s. and other allies and says it's ready to defend his country. in the meantime britain says its intel has uncovered a limp plot to install a progression leader in ukraine russia denies the alleged plot calling this information. as russia sends more troops and ammunition to the border. the u.s. is working in any russian aggression will be met with swift and severe consequent this. greg is live in ukraine's capital with more on how the country is preparing, congresswoman claudia tenney is standing by with her reaction and we begin with david spunt live at the white house. >> just about a month ago top u.s. officials were convinced that russian president vladimir putin had not made up his mind yet about potentially invading ukraine for how things have escalated over the past few weeks were in a much different posture right now with president biden continuing to get updates on this. for the past few months russian troops have been at ukraine border with heavy military equipment clearly taken

jon: thank you. the wall street journal editorial board is looking back at what it calls the mainstream media gets missteps of 2021 of crime is certainly among them in a thursday piece titled the comportment of cracked and a 2021 the journal writes from covid lockdowns to crime and cops to political media consensus was wrong, james freeman joins is now wall street journal assistant editor and fox news contributor. the political media consensus, what you mean by that, what is it. >> this is a consensus view john shared by much of the political and media establishment and 2021 was perhaps the year the reckoning and realization of some big mistakes and falsehoods adopted by the consensus that really became impossible to ignore. jon: let's look at some of them that are outlined in the editorial piece the wuhan rolla g lab origin theory of covid-19 when it was initially suggested that it might've been a lively that brought this terrible plague on the world there were a lot in the media who pooh-poohed the

jon: was this an attack on judaism? there has been some criticism of the fbi for a statement that they put out suggesting his motive had nothing to do with judaism. >> make no mistake this was an attack on the jewish people and it shows religious houses of worship in general remain at risk it is why over the past several years the fbi and dhs have worked so closely with these houses of worship to provide free training and free security assessments and other advice, this is definitely an attack on judaism but what was it used for. it was used for the suspect to carry forth his radical ideology in this case to free aafia siddiqui from a federal prison. the synagogue if you will was used as a means in the process to carry out this twisted and radical idea. jon: his family since he was mentally ill and had mental health issues, let's put it that way. you have to think there is something to that. if a guy thinks he can jump on an airplane from britain, by a gun or a couple of guns on the street in texas and somehow demand th

jon: thank you. as always, in washington dc, don't miss him on bloomberg radio, weekdays at 5:00 p.m. eastern time. tom, to the point you posted on twitter, the washington post op-ed piece about what this administration can do about inflation, where are the nominations outside of chairman powell i think was the question the piece was asking? tom: yeah, that piece was launched this morning and i thought many other informed people, a little history about how inflation occurs. some of that is a mystery, but far more the type to how it does not occur and there are all sorts of people, including democratic strategists, suggesting a president is barking up the wrong tree, going after the meatpackers. i would think ron klain and the white house is telling the politician types, stop blaming people that do not deserve the blame. jon: who thought that was a good idea? that's the question we have to ask. as if under the trump administration, companies were less greedy and got more greedy. try to make sense of t

jon: what can opec do about it? what does opec want to do or are they comfortable with where these prices are? tom: seems to be demand driven. if jay polonsky and the call on booming asia, a booming pacific rim, that tells me higher demand. jon: and potentially higher inflation, more consistent, the fed has to do more, then we are compromised at the valuation level for some of these stocks. tom: let's go to the stocks of the united states of america. we are thrilled to announce providence citizens group, within the old terminology of citizens bank, they have taken on jmp securities, a fabulous, more technology and equity shop, in my transaction at the end of the year. devon ryan joins us, director of financial research. securities of citizens. devon, i want to get right to a, your discussion of goldman sachs in new initiatives. clearly we heard that from j.p. morgan. they will spend, spend, spend on new initiatives. what is the best use of money for banks looking for new initiatives? laura: well, tom -- devon: the k

now as you mention, jon, u.s. officials tell fox the state department is prepared to order families in ukraine to begin a vector in the country that could come as soon as monday. this comes as secretary of state tony blinken met his russian counterpart in geneva to outline next steps. >> it is important for the diplomatic process to continue. i told him following the consultations, we will have in the coming days with allies and partners, we anticipate we will be able to share with russia our concerns and ideas in more detail and in writing next week. >> just a few days ago blink and had said there be no written response to russian demands for the state department said no official order has been given for families to depart yet. in addition to the weapon shipment that arrived last night that greg mentioned, u.s. officials tell fox javelin antitank missiles from the baltic states and u.s. military stockpiles will begin arriving in ukraine early next week as well for the defense minister said he is sending a portabl

. ♪ jon: i'm jon erlichman. welcome to bloomberg markets. matt: i'm matt miller. here are the top stories we are following for you from around the world. stocks rebounding at the end of a wild week in markets. the nasdaq railing as strong earnings put investors fed fears behind them for now. the market may be rebounding but caterpillar plummets as it struggles to stay ahead of increasing costs tied to supply chain pressures. and it is not just company dealing with bottlenecks. governments are having issues as well. we will speak to the premier of alberta, jason kenney, about how the profits is struggling with empty shelves and rising prices. jon: thanks a lot, matt. let's get back to the market story. broader averages in north america, there has been a willingness to buy, and appetite for those hard-hit technology stocks. that has been one of the standup stories of this friday, visa. it will still beat tough for the s&p to pull out a winning week. that index is down 8% on the year. the nasdaq is down more than 13%. when we talk about the challenges for tech stocks

happy thursday, jon. >> jon: happy thursday, yes, indeed. >> stephen: now, jon, i hold in my hands the questions for -- i was going to say national treasure but world treasure dionne warwick is here tonight. >> jon: absolutely. world treasure. >> stephen: those who know, know what a special time it is to spend time with dionne warwick. have you ever spent time with ms. warwick? >> jon: no. i did this fall after seeing a documentary about her. all her songs, "i'll never love this way again, deja vu, heartbreaker, that the what friends are for -- i just dipped the ladle as the river of hits went but to pull those out. >> jon: yeah, yeah, yeah! >> stephen: a voice like nobody else in the cosmos, just extraordinary, and a new jersey native. what more could you want? >> oh, yeah. >> stephen: made her debut, i want to talk about this, made her professional single debut at the apollo. do you know what i mean? >> jon: oh, wow, i imagine that could be -- >> stephen: looking forward to that. please join us, won't you? >> jon: i'll be right in there. >> stephen: jon and i will be here. i hope you

. ♪ jon: i'm jon erlichman. welcome to bloomberg markets. >> here are the top stories we are following for you from around the world. the u.s. and candidacy record jobs growth, rebounding strongly from unprecedented losses. we discuss how payrolls put more pressure on the fed. labor shortages sweep the restaurant industry as covid cases search, wages rise, all in an attempt to attract workers. we will talk to tom colicchio, the owner of crafted hospitality. citigroup taking an aggressive approach amid the covid search imposing a no jab, no job mandate for employers. jon: that will be a helpful conversation. the major averages have danced around a little bit and what has been a tough week on the s&p 500 , set to have a negative one. the interest-rate story plays a key role in what is happening with stocks. the nasdaq 100 could end up having its worst week since february of last year. we have seen technology stocks get hit hard. on the other to the fence, a lot of interest in financials that is continuing today. b

>> jon: las vegas. >> stephen: las vegas. >> jon: yes. >> stephen: and that's your town, right, jon? i think las vegas, i think jon batiste. sin city! >> jon: i go to las vegas i'm like a fish in water. >> stephen: absolutely. you have your own white tigers at home. you train all the time. >> jon: yes. >> stephen: inspirational for you. >> jon: that's right. >> stephen: my only worry-- go ahead. >> jon: i was the original "tiger king," you know. >> stephen: folks, it's going on two years of this pandemic, and i know you're concerned about what this has meant for rich people. the effects of covid on the wealthy have been extreme, in that they are even more extremely wealthy. and i'll tell you all about it in my admiral class segment: rich people, they're just not like us. us pay taxes. >> gah! how can they afford pitchforks on what i pay them? >> stephen: now, i make a fine living as a tv host, don't get me wrong. but according to new research, the wealth of the world's 10 richest men has doubled in the pandemic, a group that includes elon musk, jeff bezos, larry ellison and mark zuck

jon: it's interesting. we have been exploring some stories of, there are still plenty of loyalists still out there. they could form a club of sorts. people still getting netflix dvds by mail, maybe the dial-up gang, and the blackberry users. we should clarify, this company has been sending a message of this transition for a long time. they are saying we are all about software now. we are outsourcing to android essentially. that will still be in place but quite the change. your views on this company from 2007 2 today. alix: a good point on how technology companies will develop. will tesla have the same power in 10 or 20 years? or will one of the older guys reinvent themselves enough? i think that will be an interesting conversation. where the momentum trade winds up going. coming up, covid cases are surging. the cdc putting up new guidance on the pfizer shop to stop the ongoing spread. we will get more on that, next. this is bloomberg. ♪ jon: this is bloomberg markets. i'm jon erlichman. along with alix st

with jon erlichman. project44 is a startup that enables company to track shipments across the supply chain. it has reached a $2.4 billion valuation. it has raised $240 million from an equity group included some really prestigious names. let's bring in the ceo of project44, jett mccandless, to discuss. in terms of supply chain, how helpful can you be to alleviate the problems that have because the inflation and held that growth over the past couple of years? jett: i think we can be incredibly helpful. seven out of the top 10 retailers use project44. the supply chains are a mess. there are bottlenecks everywhere. they will continue to be bottlenecks, whether from the suez canal, covid, labor shortages. when companies can move from reactive to proactive, it really starts to change the customer experience, starts to change how they manage their inventory, just provide a lot of better internal and external customer. jon: that suez canal example was a great opportunity for your business, but to matt's point, w

jon: a fox news alert. a tense situation continues in colleyville, texas where a man is holding several people including a rabbi hostage inside a synagogue. one of four hostages, a man, was released a short while ago. he's said to be uninjured. and he's talking to hostage negotiators about what the demands are. the standsoff at beth israel synagogue began shortly before noon * central time. the synagogue was live streaming the services on facebook when a man began screaming. and the hostage taker is demanding the relieves a pakistani be who was convicted of attempting to murder u.s. soldiers. she is in a prison in texas. the hostage taker claims he's armed. but there are no reports of injuries. >> we have been talking about what it is this person is demanding. he has three hostages including the rabbi at congregation beth israel. there was a question about whether this person was blood related to aafia siddiqui, known as lady al qaeda. the actual brother of the dr. siddiqui. they are saying the person who i

hey, everybody. >> jon: i like it. >> stephen: jon, jon my friend and mrs. and mr. america out there. i hold in my hand the definitive questions for tonight's guest, mr. ralph macchio will be out here. did you watch "the karate kid"? >> jon: of course, everybody. >> stephen: here's the thing is that i heard we're having ralph macchio on, and i said that will be interesting. i haven't talked to ralph macchio before. i would like to talk to him. guess what? what's it called? "cobra kai." "cobra kai," fourth season, it's the number one show on netflix. "cobra kai." >> jon: that's amazing. >> stephen: i had no idea. very excited to talk to him about that. hey, jon, personal question-- you don't have to answer it if you don't want to. have you had the covid? >> jon: i haven't gotten it yet. >> stephen: anybody in the band? lewis, you had it briefly? wow, how was it? >> no symptoms. >> stephen: no symptoms? you're a lucky man. i tell you, we are-- we're on the air tonight. we're doing the show tonight here from the ed sullivan theater. ( applause ) this is why i ask-- tha

i will go to you first, jon. jon: i don't know why people want to use vouchers in that particular way. the letters are quite problematic and historically problematic. historically, they began with largely white parents trying to get out of a public school system to avoid desegregation. i am not accusing anyone in particular of doing that but it can still be used that way. historically, vouchers have been used that way. that introduces a new problem. when we are using vouchers to privatize the school system, it becomes highly problematic. we are creating a system of higher education that is perpetuating a private system in that it is very hard to get into the best schools. vouchers have been proven to be problematic historically and legally. regardless, i think the problem is to start. derrell: i would urge people to read a great piece from a couple years ago on the wall street journal website called the antiracist history of school choice, which takes an interesting and opposite take on the experience in virginia

with jon erlichman. honda is set to announce soon where it will manufacture electric vehicles in the u.s., but says questions remain about how much demand there is for battery-powered cars and trucks. which is weird, because sales have been soaring in pretty much every region around the world. joining us for more is chester dawson. why is there a question about demand? we are seeing eye-popping double-digit percentage gains or electric car sales in every country you look in. chester: that is true, but i should qualify this by saying they were speaking specifically to the u.s. market. honda and the asian market is going full bore on the electric occasion. they have adopted definitely a more cautious stance here. the executive who briefed the media yesterday said essentially they see a lot of demand in certain markets like california and a few others, but not broadly. they are a little cautious about how much uptake there will be especially with so many other rivals rolling out new products in very short o

it's time to get discerning, right, jon that seems to be the trend here. you have to look for bargains in the space now because there's a lot of disparity in terms of those multiples throughout, mu, micron is one of the more cheaper valued and also, jon, you spent a lot of time talking to pat at intel among some of the cheaper chip stocks when you say you have to sort of distinguish between the stock price and the financial performance, certainly that's the case with an intel after ten years of sort of struggling. it's going to take some time to turn that chip around. >> well, i think part of the question is how well does, say, intel have to do to go higher from here versus how well does an amd or qualcomm have to do? >> yep. >> if intel maintains a pulse, if it can run ten-minute mile, then -- >> low bar. >> get excited where as some of these other stocks have usain bolt built-in. let's talk more about that does today's market opportunity in tech lie in chips or elsewhere. good morning great to have you. so it seems to me 2022 you got to be weary of the c

jon? ♪ ♪ ♪ ( sung to "hokey pokey" ) ♪ test after five days in ♪ or maybe just go out ♪ hey, am i still sick? ♪ that's for you to figure out. ♪ you do the nosey-pokey ♪ and you cry yourself to sleep ♪ time for my daily shout! aaaaaaah! ( cheers and applause ) we've got a great show for you tonight. my guest is senator amy klobuchar. but when we return, young people are getting scammed. can we do anything to stop old people laughing at them? ♪ ♪ ♪ ( applause ) ♪ put your left foot out you put your right foot in ♪ ♪ ♪ ( applause ) >> stephen: jon batiste and stay human, everybody! just peeling the paint off the walls. unbelievable. ( applause ) john lampely on trumpet right over there, my friends. lampley, i just-- >> jon: john lampely! >> stephen: you are playing that thing so damn hot and hard, they feel like i just got a mild derm abrasion right now. i have a youthful glow. jon, you know who we have on tonight? we've got on sitting senator amy klobuchar i

jon batiste and stay human, everybody. there you go. >> jon: yeah, yeah, yeah, yeah, yeah! hey! there it is! there it is? >> stephen: jon, you know i am grateful to everybody who comes on this show. i love all my guests equally. but our guest tonight, bradley cooper, is an extraordinary artist. i think i've said this before-- it almost makes me angry how multitalented he is. >> jon: oh, yeah. >> stephen: last time he was on here for " star is born" which he also directed. extraordinary. he's on tonight for a film by guillermo del toro, a director i absolutely love. it's "nightmare alley." and i watched it last night ( whistles ) absolutely brilliant. the first 15 minutes, i'm like, "i wonder what this is going to be?" >> jon: what genre is it. >> stephen: noir. a much-abused style in my opinion. and it's noir, and carnival. i thought i wonder what this is going to be? a half hour in, i was like my god. this is fantastic. you have cate blanchett, bradley cooper, willem dafoe in there. it's extraordinary. >> jon: what's the plot? can you give it away? >> stephen: i cannot. ( laugh

>> jon: yeah. >> stephen: i'm going to make it at least to seven this time. >> jon: mm-hmm. >> stephen: folks, my first guest tonight is an infectious disease expert, and the director of the centers for disease control and prevention. please welcome to "the late show," dr. rochelle walensky. ( cheers and applause ) ( band playing ) >> stephen: so nice to have you observe. thanks for taking the time to be up here. you must be very busy these days. >> it's not boring. >> stephen: i guess not. you are the director for centers for disease control, previously chief of infectious diseases at mass general, harvard medical school professor, also the n.i.h. we hear so many bereave yags and acronyms having to do with our own health. c.d.c., f.d.a., n.i.h. -- what does the c.d.c. do, the mission of the organization? >> to protect america's health through public health, state and local jurisdictions, regulations and guidance on how to protect your he have health not just through covid but outbreak investigations, through salt prevention and salt intake and hypertension, through opioid crises. we w

tracy: hi, jon. i think the key thing that i will be looking for is how hawkish or dovish the fed will be. right now, the market has been pricing in four hikes, so that is already pretty hawkish. in terms of tapering, also looking at whether they will quicken the pace of tapering. right now, the market is already pricing in a quickening of the pace. that is what i'll be looking for tomorrow. matt: it seems like our expectations for rate increases had been pushed out. initially, the market was pricing in two. the dot plot said three. goldman sachs said four, and now the market is pricing that in. it appears that that has the ability to get more hawkish if it needs to. for jerome powell, pretty hawkish. tracy: looking at the unemployment number, it is actually below the natural rate, so i think they are thinking the job market is pretty good. also, inflation is pretty high. cpi is already exceeding 7%. they are field full they are behind the curve. the market is pushing the fed to be more hawkish. jon:

with jon erlichman. it is our stock of the hour, microsoft, spending 69 billion dollars to expand its presence into the game and videogame industry. gritty has the details for us. kriti: $69 billion deal for a $2 trillion company. $95 per share, that is how much is getting bid on. that marks a 45% premium. activision has come under quite a lot of scrutiny for the sexual harassment case which has weighed on shares, in addition to falling under the pressure of the chinese regulatory, which is eating into. the stock this is not just the 15th biggest m&a deal in the past decade, also the biggest m&a deal in the tech industry, biggest acquisition for microsoft. when you compare the stocks, they were two major pandemic beneficiary stocks, until activision started lagging behind. that regulatory scrutiny in china and sexual harassment case when it came to activision and the c suite. mobile gaming is also a big part of the equation. it is not just getting a foothold into gaming. they have a number of major franc

>> jon: i was 17. that was the first time i saw snow in my life. >> stephen: there's no preparing anybody for it. >> jon: it's magical and it's cold but you get tired of it real quick. >> stephen: jon, oscar winner marlee matlin is here, and mackenzie davis, from "station eleven" is here. >> jon: "station eleven," that's right. ( cheers and applause ) clip, clip there. clip, clip, everybody. folks, if you watch the show, and i hope you do, i spend a lot of time right over there, tirelessly studying the lineage of the day's most important thoroughbred stories and holsteiner headlines, working with the best trainers money can buy to rear their comedy offspring with a hand that is stern, yet gentle, into the triple-crown-winning equine specimen that is my nightly monologue. but sometimes, sometimes, folks i break into an unincorporated veterinary genetics lab and grab whatever test tubes i can find. then, under a grow light i got from a discarded chia pet, i mix the pilfered d.n.a. of a horse ad whatever

jon: absolutely. that is why many are anticipating what kind of comment we will get from jay powell this week in front of congress. bill dudley making the case beyond goldman sachs, that may be the fed has to go even further than that, maybe not just four but five. he took issue with how the fed had characterized what was happening in the job market. did they misjudge what was happening there that got us to this point where they have to act faster and the market is jittery? matt: interesting when you grow that in. a weaker than expected jobs report last week, and yet, we added 6.4 million jobs in 2021. i think that may be the most on record. let's get some insight on the fed with kathy bostjancic, chief u.s. financial economist at oxford economics. let me first get your take on, i guess it is a parlor game of sorts, but how many rate hikes do you think the fed will have to do, will be able to pull up this year? kathy: it's a great question, something we are all grappling with. we officially have lift

he talked about his past, jon, his family history as a refugee. obviously a lot of discussion about his ties to the warriors and the myriad of relationships that the nba has with chinese interests and how difficult that is to separate >> it's a tough honest moment, i think. chamath speaks in provocative sound bites. he can't help it that's part of what makes him popular. the underlying question for investors is can you be heavily invested in china in company's economically dependent on china and honestly say you care about these other things to what degree is this esg stuff marketing and to what degree is it really going to impact where people put their money so statements get walked back, et cetera, et cetera but where are these companies actually putting their money and do they believe that they're having an actual impact on policy in china? do they care >> yeah. it's one of just one of the things that investors and ceos, business leaders have to look at when doing business in china when i lived there we called the three ts, taiwan, tibet, tee t

jon: thanks very much,'s colin sebastian baird. a senior research analyst with a lot of stories we will be watching. polarizing protests in the city of ottawa. why truckers lined the streets in canada's capital. the latest details,. this is bloomberg. ♪ >> those truckers have been stressed through covid and now the new quarantine is putting more pressure on inflation for basic commodities. a lot of the governors agree with my concerns on that. matt: i matt miller. that was the interview -- i am matt miller. that was our interview with the premier. the protests continued over the weekend. jon: ivy slate what is amazing about this is you have a situation where people wanted to start by focusing on the vaccine mandates for truckers. this really ended up being a catchall for pandemic frustration over all. and unfortunately we did see some disrespectful behavior in that nation's capital. let's bring in brian platt who has been covering this all weekend for bloomberg. i will start with that, just how this took on a life of its own as t

jon: this is bloomberg markets. i'm jon erlichman. the geopolitical story you were referencing earlier in the day. that was the ukrainian ambassador to the u.k. let's bring in maria tadeo who has been talking about all of this all of europe is anxious. we are trying to clear out with a joint response is, if there is an attack. what are you hearing right now? maria: by the way, i am leaving the office and heading into the embassy. this story is very fluid. based on our understanding, u.s. foreign ministers agreed to the sanctions on russia if there was an incursion into ukraine. that has been the line pushed around by the u.s. the question at this point is how big, how much, and what kind of sanctions? i struggled to get any reporting in terms of the details. the europeans saying i don't want to reveal anything because they could use it against us. but i did ask one official, if tomorrow there was an invasion, would ascension be ready to roll beginning tomorrow? they said yes. matt: i would say the big sanction would be to stop lying r

jon, i'm going to end our conversation there. jon moseley, attorney for stewart rhodes. appreciate you being on. >> thank you very much. >>> coming up, tough setbacks for the biden white house. what is the path forward after what has turned out to be a week to forget. >>> breaking overnight, a crippling cyber attack on ukraine with russian troops gathered ominously on the border. >>> and the science behind masks and how to spot fake kn-95. >>> there's a lot of bad information out there. and unfortunately in this circumstance that information could cost someone their life. at fidelity, your dedicated advisor will work with you on a comprehensive wealth plan across your full financial picture. a plan with tax-smart investing strategies designed to help you keep more of what you earn. this is the planning effect. inner voice (kombucha brewer): i'm dramatically holding this bottle, so the light hits it just right, and people think... wow... ...he knows what he's doing... ...when i'm actually pretty lost with my payroll taxes. intuit quickbooks helps you manage your payroll t

jon, jon, we've got the multitalented liev schreiber. >> jon: oh, yes, yes. >> stephen: the ray donovan movie. he'll be out here in a second. i rarely issue apologies on the show and i have to issue a rare apology to my staff member. i have to issue to the props department. when i took a sip of what i thought was bourbon and i said what the ( bleep ) is this, ad it was iced tea. the rule is rehearsal iced tea in the show, we do real liquor. i can't lie to the american people. that's an issue of trust. if i say to them, boy, i have a drinking problem, they need to know that's a real thing. but a drinking opportunity, i have a drinking opportunity, not a drinking problem. but this is on me. what happened was i have declared, loudly, to not only the audience and the staff that it's a dry january for me because i'm just moaning about it a lot here. and what they did was, oh, it's dry january, we're not going to give him real bourbon, we're going to do the right thing and be nice guys and give him iced tea. what they didn't know is i left that joke in because i wanted that real bourbon. that

[laughter] jon: i bet you are. this is bloomberg. ♪ >> with the first word news, i'm leigh-ann gerrans. the u.s. senators are set to vote to impose tough new sanctions on the nord stream 2 pipeline. there is broad congressional opposition to the gas pipeline which stretches from russia to germany. some democrats are concerned the sanctions would complicate ongoing talks between the u.s. and russia. those discussions are aimed at easing tensions over russia's troop buildup on the ukrainian border. president joe biden travels to atlanta for passage of voting rights legislation today. senate republicans are bowing to block the measure and some of the president's allies are complaining he has not done enough to advance it. the bill would prevent states from curbing access to voting. in hong kong, authorities are doubling down on a controversial covid policy. they are reimposing some strict limits -- some of the stricter limits since the pandemic began. schools will close again and passengers from high-risk risk count

( applause ) >> stephen: jon, happy friday. >> jon: happy friday. >> stephen: happy friday to you. it's a lovely feeling, a lovely feeling, you've gotten through another week, take a moment to reflect. >> jon: that's right. >> stephen: settle down. got a fantastic show. from "billions," corey stoll is here. bradley cooper is taking the colbert questionert tonight. >> jon: he will be known after that. >> stephen: he will be fully known after that. >> jon: that's right. >> stephen: i bet he's going to be good at it. he's really good at a lot of things. and those blue eyes-- i feel like i need to get on scuba gear before i look at those eyes. it's like cave diving. it's almost dangerous to go in there. i feel i might lose direction and get caught in there. anyway, wish me luck. folks, i spend a lot of time right over there, combing through the day's news, carefully selecting the most topical, fragrant herbs and joke-rich allium, delicately stirring them into a satirical stock, bringing the concoction to a breaking news boil before painstakingly editing away the scraps, leaving only th

those are great points, jon. and i think that's true. you know, i think as we look forward into 2022 and as we think about what do we need to ensure that we're productive, anywhere we want to work and anywhere we need access, you know to our computing. it does require higher performance pcs with more capability and so we see on the commercial side, the enterprise refresh cycle looks to be robust we continue to see people wanting higher performance capability whether you're doing more video and really communications or you're doing more applications at home. we also see on the consumer side, people wanting more premium devices as well as gaming continues to be a really, really hot market segment. overall, i think the key is, the technology expectations keep going up, whether you're talking about graphics performance or, you know, today our verizon 6,000 series, our 24 hours of battery life as well as just significantly higher computing capability and all of those are things that consumers, as well as enterprise users want as we look forwa

besides the top line percentage growth >> it's such a great question, jon. you mentioned product-led growth what that does is it reduces companies cost to sell and market their products, right you talk about zen desk or some of the product-led growth companies which means the product is getting sucked up into an organization and folks are buying more on their own without having to have a sales rep for example go visit other examples i would give would be the low code no code space, asana other metric we love and folks in the investment company love, nrr, net revenue retention a company has 120% net revenue retention, it means they essentially start the year knowing their current customer base is going to grow 20%. that's how you're seeing these companies compound with 30, 40, 50, 60% growth rates not only getting customers to renew at higher level. it's incredible thing that software industry has that most other industries don't have with the subscription model and seeing that with companies like google, microsoft and aws, amazon, aws, right as those busines

jon: deja vu all over again. to your point, with the decline in subscriber bases, what is the buzz about whether this bill draw a big deal premium? who becomes the real beneficiaries if the fcc were to allow this? kriti: it benefits their bondholders the most. dish has a lot of debt due over the next decade. you are looking at $1 billion. this deal would help dish in terms of paying down that issuance. matt: their event -- thank you very much. jon: we both thank you. and thank you, matt miller. we have been talking about higher interest rates on the horizon. with that, melody hopson, the president and co-ceo, also chair of starbucks, says she is seeing tremendous opportunity and value stocks. she spoke with david rubenstein. >> i think the opposite, whatever worked in the past will not work in the future. most people fight last year's war. we want to see what has not been successful and that is where you want to be. when we look at this path decade where large-cap and growth have dominated in a way we have never

it's not right at all, jon. >> jon: yeah, i know. >> stephen: shocking children. >> jon: yeah, that's right. >> stephen: minnie's new look will debut in march at disneyland paris, which is just like regular disneyland, only more existential. ( french music ) ( applause ) (terrible french accent) "it ees a small world after all, and, an indifferent one. oh, pluto, look at the mess you've made. eh, leave it. death waits for us all. ha-ha!" ( laughter ) ( applause ) it's a fun little story, and you'd have to be a desperate culture war troll to take issue with it. which is why fox news took issue with it. >> they are trying to destroy the fabric of our society-- it goes back to when they did this with the m&m's, and now they are making her more masculine. minnie too masculine. i think she should go all the way back to the original, super-feminine minnie mouse: smooshed pumpkin with a flower growing out of it. now that's what i call hot stuff lady parts! in local news news, a kentucky meteorologist is going viral. see if you can spot why. >> it's 42 in bedford. i just want to show you how

jon batiste and stay human. >> jon: yeah! ( applause ) yeah. la-la-la. >> stephen: hey, jon, how are you? njtsz i'm great. i'm great. i'm feeling good. how are you you. >> stephen: have a little dollop of strength time. >> jon: yes, it's kind of like ice cream. you know what i mean? >> stephen: sure, a little early blooming crocus over there. and the socks. you're not hiding them under a bushel. >> sky blue, baby. the colors i like and the world i love to be in. >> stephen: that's right. >> jon: yes! >> stephen: joy reid is going to be on here tonight, joy reid. thomas middleditch, from "b positive." does joy reid have a pos cast? i think she has a podcast. you know who has a podcast? we have a podcast. so if you're at home, if you're watching this, and you went, "boy, i really enjoyed watching this. i wonder what it would be like if i couldn't see stephen." i don't know why you would do that. i don't know you would want to, you know, miss the money maker, but... ( applause ) on the treadmill, on the treadmill-- if you're on a treadmill right n

you got that. >> jon: oh, pierre, man! ( piano riff ) >> stephen: somebody just quit in the control room. there you go. the c.d.c. guidance on this is a little fuzzy. they say health care workers who test positive can keep working uninterrupted in a crisis. could you be more specific? everything is a crisis now. we're in year 3 of a plague, russia is threatening world war 3, and the green m&m is slightly less sexy. how am i supposed to eat a candy i don't wanna bone? it's not just that infecte i don't understand, skittles just don't do it for me. they don't turn me on. ( applause ) hospital workers can stay on the job, there's also no requirements that patients be notified if their caregiver is sick, unless an infected worker spends more than 15 minutes with them at a distance of less than six feet. so they should just make 'all' procedures socially distanced. (as doctor) okay, mr. phillips. to be safe, i'm gonna do this colonoscopy from across the room. don't worry, i play a lot of skee-ball. he go! oh! oh! i'll take a li

>> jon: cold blooded! ( applause ) >> stephen: so he didn't use his name but biden did make one direct reference to the former president -- >> not see? >> stephen: there were some notable absences from the ceremonies today. during a moving moment of silence for officers who lost their lives, there were only two republicans on the house floor. the other republican legislators chose to reenact january 6th by hiding in fear. former administration officials did show their faces on "fox news," like former white house chief of staff and guy who dilated his pupils just for the free optometrist shades, mark meadows. meadows went on his buddy hannity's show, and instead of discussing their now-public pants-crapping, terrified text exchange from a year back, meadows complained in advance about how the media would cover it: >> you are right to point out that tomorrow is going to be spent on january 6th. >> stephen: keen analysis. meadows went on to predict the next day would be spent on january 7, the day after might

jon, jon, everybody over there, does anybody know-- do we know what's going on with the weather this weekend? is it going to be, like, a giant storm in the new york. >> giant. >> stephen: giant? really? yes? okay. do you know? do you know? have you heard? >> jon: i heard about that. i heard it's going to be coming down out there. winter wonderland. >> stephen: you know what i love about new york, new york, for just a few minutes after a big snowfall, everything is clean and quiet. >> jon: i love that. >> stephen: it's just a little-- little farm town. ( laughter ). >> jon: right, right, yup. >> stephen: adrien brody is going to be out here in just a moment. ( cheers and applause ). >> jon: love adrien. >> stephen: oscar-winning adrien brody is going to be out here. amazing man, in the meantime, folks, if there's one thing i'm known for it's fashion. from my light-blue suits to my dark-blue suits to the occasional light grey, i always slay. which is why i am just the man to catch you up on all the latest style trends in my segment: >> the late chic presents: stephen colbert's slay you

well get the market action this hour as well, jon. >> let's start with apple. how could we not in the grown after reporting the largest quarterly revenue ever, sales growing more than 11% despite any lingering pandemic headwinds or supply chain slowdowns. and there were some. the keepo company beating estimates for sales in every product category except ipads with services now apple's most profitable business. bringing in almost $20 billion in revenue and up 24% year over year sump a strong quarter, even the bears are changing their diet. more fruit new street's peter faragu dropping the sell rating on apple. ouch one of the few on the streets. julia you're with us you talked to tim cook the thing that impressed me the most about this quarter was the mac. the silicon transitions can be messy often. i'm not sure we've seen one that led to this kind of a revenue bump when you know there is also operational leverage built in here because they're not going to have to pay intel for the chips. they design them themselves. >> yes, that is a successful transition indee

welcome to "techcheck" i'm carl quintanilla with jon fortt and deirdre bosa today, tech investors, the nasdaq is down 2.5%. tech's rocky start continues touching a three-month low going back to october. we'll break down the action in just a moment. >>> one trade that is working, l longzynga. >>> finally, with so many names getting swept up in the selloff, is now the time to buy some megacaps at a discount we'll talk tactics with dan niles, jon. >> yeah, before we get to all of that, the nasdaq selling off now down 8% since the end of '21 let's get to mike santoli with a look at tech. >> jon, the selling has turned indiscriminate it's a purge than an orderly rotation the nasdaq composite actually touching its 200-day average on the downside for the first time since the covid crisis extraordinarily long time above that here are dynamics that really show the violence of this kind of what was a rotation and now just a general stepback with some of the largest stocks not immune it might be a good sign. here you have nasdaq 100 against s&p banks. it just couldn't be more dramatic, right? ver