please welcome kristin davis! [cheers and applause] ♪ ♪ ♪ ♪ >> kristin: we could've been twins ease. >> kelly: i was going to wear something like that, the sparkly shoes. speak to my stylist. >> kelly: yes, my stylist. thank you for being here. >> kristin: thank you for having me! >> kelly: how has your new year been? >> kristin: pretty good, obviously a fair amount of drama in the world, but it is good, it's been nice to be finished working in december, so i'm just like back and momville. >> kelly: right before christmas? >> we finished the first week of december and then the premier, and then we had the top show, and i was on a plane home, but it's so hard as you know, so i got home right before the grandparents came. >> kelly: they love that part. so is it hard for you when you go off to work? because my kids, do your kids get you? >> kristin: beyond. >> kelly: my 7-year-old, she will lay it on, lather it on. my mom reminds me, my kids see me way more, i have like a 9-5 now. >> kristin: my 4-year-old is

we also had kristine aquino, are live markets editor there. we will get more on norman's thoughts in a few minutes. what is check on the markets. the stoxx 600 now lower than 1%. the nasdaq futures are pointing up by more than 1%. across the stakes, you see everyone. one that remains that -- in the green is deutsche bank gaining almost 3%, the best year so far. we speak with the cfo and will have more on that throughout the next few hours. the benchmark lower as markets adjust for this hawkish fed. stay with us. this is bloomberg. ♪ tom: welcome back to the open. we are 16 minutes into european trading day. the benchmarks of the european stoxx 600 are down almost 1%. the markets are pricing in five federal reserve hikes this year. this is after jay powell left the door open for more rate hikes and addressing the balance sheet question. we will get more about that. that is running in the background, the way that jay powell is describing it into play. the markets now pricing in five rate hikes from the fed. the banking sector, and one stand ou

francine: joining us now is the cio of credit suisse as well as our reporter kristine aquino. thank you for joining us. we may need to act even quicker than we thought. kristine: it is significant that we have a number of official stuff coming out and giving indication of what they think it would take to cap this inflation issue. it is a split between three and four rate hikes. markets are interested in what bullard was saying. he has is in the past served as bellwether markets. they have taken and paid attention to him when he is talking about rolling off the fed balance sheet at the end of last year. markets are paying attention. it is interesting to see the split there amid officials and having a look at some of the more dovish members of the committee, like neil carter coming to the table and indicating more rate hikes than less. tom: do you feel like you have clarity in the rate hikes cycle and how much of this is priced in? dr. hechler: our cells have come around the probing around the federal reserve officials have made with their comments before entering into a blackou

tom: kristine aquino will stay with us. we will get more on the markets that we are watching after the break. i will also touch on unilever and glasgow's next clients as well in terms of that deal. it is not yet the price for credit suisse and we want to see this on the terminal. 1.2 percent on the back of that news for the chairman. francine: i spoke with the chiefs -- chief executive a month ago, and he was a talented man. there were a lot of shareholders expecting price around the scandal, but there was also rumors that they could merge and sell off assets. tom: that is a pricey story to say the least. in terms of what glaxo's has declined, and unilever, some of the prices there, you have got gsk up 5% on the back of that decision to punch -- pushback from unilever. coming up, growth risks around china. more on that next. this is bloomberg. ♪ francine: welcome back to the open head 12 minutes into european trading day. it is a u.s. holiday, which means that the u.s. equities are not training -- trading. we are looking

kristine: absolutely. the signals we are getting from asia is this story of inflation being transitory is what policymakers are saying, and it is what we are hearing from the fed tomorrow, putting into questions the nature of inflation and the way they are going to have to respond to this. it is on policymakers to make that decision. are they going to go through market expectations to start raising rates? this boe is expected to do that as soon as february, and we will watch it for rate hikes and whether the activity we saw in markets halt all of that. tom: we are looking at russian equities as well. kristine: it speaks to how much the russian situation is weighing on markets and sentiment right now. russia has the etf and the inflows were initially deceiving but if you look at the short interest data, it went to a third of inflow, and people are plowing their money into this not to buy into russia but to short it in a reflection of the sentiment on russia at the moment because of this. francine: thank you

let's get more now from kristin welker. who you saw was inside that news conference kristin, the president making a number of promises, including on his special spending plan >> reporter: lester, that's right the president said he expects to break up that bill into smaller pieces, which means some elements like the child tax credit may be dropped and there is another headline about vice president harris i asked if he would commit to keeping her on his ticket in 2024, and he said yes. lester >> kristin welker at the white house, thank you. >>> president biden also making news tonight on ukraine, predicting a russian invasion richard engel is there with the latest. >> reporter: even as u.s. officials warn russia now has enough troops in position to invade ukraine, president biden today appeared to suggest if russia does a partial incursion, the u.s. could live with it. >> russia will be held accountable if it invades. and it depends on what it does. it is one thing if it is a minor incursion and then we end up having to fight

let us bring in kristine from art like markets team. let us start with what we heard from jay powell committing in his testimony to the senate banking committee is that inflation does not become entrenched. the cpi data tomorrow will be crucial. reporter: i think that really sharpens the focus on that number because it is all about inflation. it is clear what the fed is responding to. we saw the market reaction to the wage data last week, and the recent comments from the federal reserve officials focusing on the fact that they want to be responding to prices more than anything at the moment. markets are finally starting to hear that, getting on board before the rate hikes that the fed is telegraphing, but that might not even be enough with the print tomorrow. francine: traders cannot protect themselves and expecting the higher wage growth for much longer. reporter: given the level of expectations to markets, we could potentially see that pricing ramp up even more. i would like to point out some incredible announcements from our colleagu

will smith and kristin _ the other surprises? will smith and kristin stewart _ the other surprises? will smith and kristin stewart were - the other surprises? will smith and kristin stewart were the i and kristin stewart were the heavy favourites and her performance as princess diana income expense are not even included. the one film that seems to be running the table through award season is the power of the dog and that is a dark drama about toxic masculinity in the old west and that has got three nominations at the screen actors guild. so has house of gucci, and actors favourite. lady gaga in there as well with jarrod leto and it is a wide—open award season. spring, summer, winter, fall, the only season that matters here in hollywood is award season and i love it.- season and i love it. squid game makes _ season and i love it. squid game makes history, - season and i love it. squid game makes history, thel season and i love it. squid - game makes history, the first foreign—language tv nominee. we had so much about squid game over the last 12 months or so here. tell us about th

elizabeth: joining us now "the hill" columnist kristin tate. great to have you back on, kristin. okay, how is this -- good to see you. that we have the education secretary miguel cardona, he is a powerful guy, that it looks like he personally requested the now famous letter from the national school boards association calling school board parents domestic terrorists and suggested using the patriot act meant for isis to basically aim that at school board parents. so he is on that letter ahead of time. this is troubling stuff. what do you think? >> right. if these allegations are true this is a massive and infuriating scandal. it appears that the biden administration waged war on parents from the top, from the highest levels. ag merrick garland stated that his memo which mobilized the fbi was based on that nsba letter. we're now hearing that biden's own education secretary was involved in the creation of that very letter. look, these radical leftists, they want to target parents because they want the state to have full control of the programing of young minds. they do not believe th

kristin: i do agree. i think he sent a tweet last night or early this morning. his point was it takes some pressure off. when you have skyrocketing prices, that draws attention in headlines and with policymakers. this allows us to step back, to have a healthy conversation to talk about the pros and cons. this is still a very young industry. the technology is very young. some of the applications are only in the early stages and we need time for the kings to get worked out. it is healthy for policymaking to have these conversations and do the education when there is all this excitement around rising prices. we are going to continue to push forward to educate lawmakers regardless of where prices are. it does allow us to have a more thoughtful conversation. emily: kristin smith, executive director director of the blockchain association. thanks so much. paypal is exploiting the launch of its own coin. the company confirmed the development of a developer discovered hidden code inside its iphone app. stable coins are cryptocurrencies backed by the value of an existing

kristine: absolutely. i'm sure this comes as a relief for a lot of investors. we have been dealing with this relentless bond yield curve since last week. i think it gives investors a little bit of time to pause ahead of the fed meeting and some important central-bank meetings coming up and with the earnings season kicking off, getting some of that time to parse through the results and see if there are any big takeaways we could glean from the results we have so far. tom: sharon, what is your assessment of the market action we have been seeing and how it leads up to the rest of this quarter as we take into account the earnings season? >> the earnings season in europe , we have only had a few companies report so far. i think the earnings season will be ok. we had three or four fantastic earnings seasons last year. they went up through most of the fourth quarter. you do have quite a high -- rate expectations are much higher. it is tougher to make progress. markets have already sold off a little bit. particula

kristine: of course! this is just a constant reminder to markets that yes, they have kind of the macro picture to consider, but on top of that, glaring and all of these potential geopolitical tail risks, it may take a while for them to escalate and drive the fundamentals of the market, but it is certainly something they should at least have an eye on. francine: let's talk about oil fundamentals. a disclaimer, i covered opec for 10 years and it is still one of the most fun jobs you can do out there. the oil price swings we have had over the last 12 months. the fundamentals are pretty balanced. i want to point to it opec has been doing. opening up some of their taps and shale production is likely to pick up given the price of oil. we will bring that chart to you shortly. there it is. some of the beautiful charts we can do another bloomberg terminal. if the fundamentals remain balanced, are we going to remain range bound? louise: we are definitely seeing a lot of continued strength, a lot of demand. we are s

kristine: i think you might be the latter. you did get that new catalyst from the fed and their views around the potential case for tightening, which may be a lot faster than markets were expecting. the fact that we are seeing professionals getting into this selloff and joining some of the retail activity that we saw earlier this week really speaks volumes about where market expectations stood as far as the fed was concern prior to hearing from them in the minutes and now in the aftermath. it's really going to be all about the pace now. as we heard from the various voices commenting on this in the aftermath of the fed minutes, it really will be i think key when the federal start, as well as anything else that they give in terms of the pace and how quickly they will follow up whenever they go with the first rate hike. it is something very similar we saw with the bank of england and probably now, we will see it unfolding fed pricing. tom: let's bring in florence barjou, cio for lyxor asset management. do you see lift off from th

lester >> all right kristin, thank you. >>> perhaps no one had a clearer view of the stakes that day than house speaker nancy pelosi, who i spoke to today this morning president biden was here in the capital and delivered a blistering takedown of his predecessor and also offered a vigorous defense of democracy. given the environment we're in right now where there are people still trying to delegitimize the investigation, diminish the extent of what happened here, do you wish that speech had come sooner than today? >> well, it came today, and it's what our country needed right now. and i'm very proud of the president's speech it was forceful, truthful and a wakeup call to some in our country of how close we came to catastrophe for our democracy that day in a way that was unprecedented. >> the way he went after donald trump, however, do you think that fuels a conversation among many republicans that there is something political about the observances? mitch mcconnell today suggested that it's being used for political gain. >> well, that's for him to say the fact is it was an assault on

and, kristin, the president said a bright spot in unemployment. >> reporter: lester, that's right the president went straight to that positive headline, touting the unemployment rate fell to 3.9% from 4.2% last month, saying the drop in the last year is the biggest in history. but the disappointing headline today, the economy only added 199,000 jobs, just half of what economists were expecting. it is a low figure for the second month in a row now and it comes amid soaring inflation at a nearly 40-year high republicans are blaming mr. biden's spending policies for the higher inflation today the president firing back, calling those claims, quote, malarky. economists warn today disappointing jobs figures came prior to much of the omicron surge, so there could be more volatility ahead. lester >> kristin welker, thank you. >>> late today, the three men convicted of murdering ahmaud arbery were sentenced to life in prison. the judge saying arbery left his home to go for a run and ended up running for his life catie beck reports tonight. >> reporter: the father and son guilty of the 2020 mur

kristine: absolutely. it is fascinating because you can see the shift in catalysts and what is driving markets. earlier this week, we were talking about the big bond selloff driving. catalyst has shifted and we have these negative earnings report overnight, the tech selector slowing through everything else, and the shift tells you what the market anxieties are currently and how the markets are now going into this new era, the post-pandemic era. what does this look like and which ones will be the winners and losers? we got a clear picture of that yesterday from netflix and peloton. tom: richard dunbar, thank you for joining us. when it comes to earnings, the netflix and peloton stories, to what extent are they idiosyncratic and to what extent should be -- they be red across the broader tech sector? richard: as christine noted, this is not just the slight rising for bond yields or future earnings. with these earnings from netflix, the 2.4 million subscribers, they continue to grow weaker. last year, we were

alix: thanks a lot, bloomberg's kristine aquino joining us. let's get that take from hugh gimber, jp morgan asset management global market strategist. it is the same question to you. do we see in ecb that moves in snail pace because a lot of this is transitory, or do we see the ecb in force because this is record inflation? hugh: there is something that is going to force the ecb's hand this year, i thicket will come from the labor market because that is where the ecb stands differently from the fed or the bank of england today. it was really the pressure in the labor market and seeing wages rising that i think has changed the tone from the fed and the boe, and really forced them to abandon this idea that inflation is transitory and forced them to move to a tighter pace of tightening policy as we go through this year. for me, growth in the euro zone is the key metric to watch. guy: it is quite a structural process in much of europe. when do we start to understand what that wage demand looks like? the big german unions, other unions obviously ne

kristine: absolutely. it is profits not profit that will matter for 2022. it is about delivering on that narrative of high-growth for some of the companies that we have seen absolutely gain ground over the last fears. we have talked about -- last few years. we have talked about the move we have seen over 2021, but 2022 is going to be the year where investors will start demanding a result to back up this narrative of exciting growth potential for these companies. that is being brought on by the fact that these sectors will have less to rely on in the way of monetary policy support. they are going to have to start standing on their own two legs, and results are the best way to show that. francine: karen, are you confident that some of these supply chain challenges will ease this year? karen: eventually, but i do not think it is going to be quick. i think the supply chain bottleneck will persist because omicron is a big feature of daily life in the west. it is spreading into the emerging world, and that is going to lead to interruptions. the inflation story to

kristine: it is deafly throwing up questions in the market. whether we are seeing it from fundamentals or something more mechanical, it makes sense for corporate's and governments to issue frontloading at the start of the year before we start to seat those rate hikes coming from the fed and other banks. later, it will be more expensive for them to do that. francine: given it will are in terms of repricing, are you surprised by the resilience of equity so far? patrick: bond yields have not moved dramatically yet. i think you can't defend some multiples and bond yields are moving up. that is really what you have to -- when you have to start to question these risks -- risk stocks. the prospect for disruption that would happen over a decade and when interest rates would get up, you really have to discount those long-term stories look for something a little more tangible. it does not have to be cheap, but it does have to be something involved with valuation and some of those growth stocks do not have got. tom: does not suggest that the rotation we

>>thank you, kristin. >> up next, we talk about the quality of life here in california. a new study is breaking down the key indicators. we are exploring what the research means for various (son) fixed. no charge. ah, that's my son. he always takes care of his mama. ooh, what's up with granny's casserole? (mom) it's for after your uncle joe's funeral. my brother didn't have a life insurance policy. i hear there's a collection to help aunt adele. (mom) yeah. a funeral costs north of $9,000 these days. that's a hefty bill for family to pay if there's no life insurance check to help. wow. makes you think, doesn't it? (mom) which reminds me, i've been meaning to tell you, i got that 995 plan from colonial penn. i'm on a fixed income, so price is important. -the life insurance on tv! -just $9.95 a month to help you pay my funeral expenses. what about your family, son? you've got a wife and kids, and a grandson living with you now too. maybe i should get the 995 plan too. thing is, this has been a rough year for my business, ma. money's tight. still, for $9.95 a month... i don

kristine: that is exactly right. this very much has the feel of a rush before the big sea change in monetary policy happens. typically you would see activity pickup right around there anyway because when issuers markets closed just before the holidays, they usually come back in january with a bang, but this is something else, and this is very much due to the fact that we are going to get the federal reserve potentially starting to hike rates in march. before that, the bank of england in february is expected to do the same. the ecb is not expected to do that, along with any sort of rate hike, and till the end of this year, maybe not until 2023. but higher rates are coming and issuers are trying to get the cash for they have to pay up for it. alix: i mentioned wizz air. is it sector specific or region specific, or across-the-board? kristine: i think it is very much across-the-board, whether you are a sovereign trying to get funding done for this year or if you are a corporate really just trying to take it vantage of th

kristine: definitely. we saw apple pulling good sentiment from asia after eight battering week and doing much for the stoxx for the supply chain. definitely shoring up a sentiment there, but the new ones we have to look at when it comes to taking on the apple earnings is that apple is a different east -- beast from the part of the tech sector that has borne the front of the selloff. we are talking about these high profit tech names, we are not talking about apple which is still growing in cash, so we need to be clear in terms of the equity selloff this week. it is important to make that delineation because it could give a clue as to whether we see another bout of risk aversion ahead. francine: you are right christine. janet, given what we have heard from apple and the supply chain crunch, are we going to see that as the semi conductor and tech stuff going forward? janet: good morning and thanks for having me. apple is doing well with the supply chain, but it is not for every company out there. tesla is sti

kristin, great to have you back on. republican senators chuck grassley, ron johnson, saying the secret service is wrongfully censoring 260 or so pages of hunter biden travels on air force two for overseas business deals while his father was vice president. the senators say the foia act doesn't cover this here. is the secret service trying to basically protect itself? because hunter biden is known to have made 411 secret service protected trips, domestic, international to 29 countries including china and russia? >> yeah, that is certainly what it seems like. thanks to reporting by the "new york post" we know the chinese were paying hunter biden for government access and potentially paying millions to joe biden through his son but we really don't know the full scope of hunter biden's overseas business dealings with because his travel records during these years have been inappropriately redacted or withheld by the secret service and what is most amazing to me about this story is the media's refusal to cover it. i mean if y

[cheering] kristin: right now, our lives are...just...overwhelming. it's difficult to keep up with our schedules. woman: i'd like for us to all welcome alexandria. alexandria: people always k how we organize for a global climate strike. so really, how it's all done is it's done through social media. we use a lot of what'sapp, discord, slack. instagram's where a lot of, like, the youth are, and then twitter's where you'll see the climate scientists, and then facebook--it's like, "what's on facebook?" [laughter] kristin: in the beginning, alexandria managed her social media. it's just she's 14, and she insists on allowing, you know, direct messages to reach her. and with the huge following that she's developed, there's just so many of those messages that are not appropriate. i mean, she's received everything from death threats to marriage proposals--ha!--online and everything in between. my first job is to be her parent, which is to keep her safe and to keep her healthy. and i worry there's real danger involved in being an activist. and so you just have

griff: noel, kristin, thanks for joining us on saturday. we will pick up after we watched the governor of virginia take over. first let's address the week that lucas tomlinson was talking about. the horrible, terrible very bad no good week for president biden. i think really as we almost mark one year in office, he has got to hit the reset button, you can see the list, everything not just the supreme court and the failure of the votes act and stacey abrams not showing up for the speech in georgia which absolutely bombed. inflation hits four decade high and hillary clinton's name being included. vice president harris being mocked for nbc interview and the list goes on and on. so my question to you, noel, let's start with you, what does this week mean? is it just a rough spot hit bottom and start to rise again or is this real trouble for the president's administration? >> i think it's a real bad deal for the president, for his administration, not only that, but i mean, you've got to think about our foreign adversaries watching all of this pla

that same night, the sheriff ran a routine check on kristin greenlee's name, on a police database. >> anything interesting -- >> there was one contact that she had had with campus police. she had been the victim in a domestic violence situation. >> university police made an arrest in that case, kristen's boyfriend, richard. according to the april 2000 on report, an officer in a university parking lot, had heard a couple screaming at each other on a stairway. i saw a pass small, strike greatly with a fully extended right arm and opened a hand across your face. grisly recoiled in shock. i heard the sound of his hand hitting her face, from approximately 20 feet. kristen's mob had no nothing about that incident, but looking back, she said it confirmed the suspicions he had all along. suspicion she had asked kristen about, in a once before she was injured. >> i came and asked her, numerous times. does he hit you? >> and she would say? >> no. >> and you believed her. >> no. i just had a feeling. >> for sheriff myers, a report that richard had been arrested for slapping her, was a jarring di

kristine: i think we are absolutely not done. i think we are just getting started in terms of how markets are really digesting through the big themes for 2022, which is really all about the new era of central banking and central-bank policy trajectory, and addition to all of these lingering issues related to inflation, supply chain issues in relation to that, and the energy crisis as well that we are still facing in europe. i think we are just getting started. what could really keep us in that mode of very volatile markets in january is really all about a matching of expectations between what markets think central bank's are going to do and what central banks actual do , both in terms of the markets versus central banks, and also the divergence within central banks themselves. the fed and the boe are expected to hike five times this year. they are going to be matching each other. the ecb is quite far away in terms of expectations still of what they are going to be doing this year. there's a lot of room for that to get repriced. w

offshore wind power can be achieved and also that they must be to keep us clean energy targets incite kristin salumi al jazeera on the new england coast. well, there's more and everything covering right here al jazeera dot com. of course you can watch us on live streaming as well. ah, just a quick look at the main stories now. and some initial reports have started trickling out of the pacific island nation of tonga, which was struck by as soon on me on saturday. now, authorities in australia as a doesn't appear to be any sign of mass casualties, but it has been significant damage to infrastructure, roads and bridges. and new zealand air force aryan aircraft left oakland on monday morning local time.

and the spring tornado season is just months away. kristin, salumi al jazeera mayfield, kentucky. and a quick reminder you can catch up with all the news on our website. air it is on your screen. the address on the 0 dot com that's onto 0. don't directly check on the top stories here. this are format. syrian colonel has been jail for life in germany for torture and murder during syria's civil war. and while ross lamb is the 1st syrian state official to be convicted for such crimes, he moved to germany as an asylum seeker in 2014 california governor gavin newsome.

kristine: that has been a big puzzle this week. we have been looking at how the dollar has broken its link with rates, especially in an environment where people are still pricing underfed policy this year. the dollar is languishing under its lowest levels in months now, and it has not reacted as much as you would expect in this environment. there is this call of sell the dollar and by everything else that is reverberating across trading at the moment. we are seeing the sentiment getting off to a much better start in 2022 then at the end of last year. francine: thank you. we will have much more after the break with wei li. tom did not get the memo to wear yellow today. we are looking at the pound and traders say that it will keep rising, even as politics are pushing on the conservative party. we will look at the pound shortly. this is bloomberg. ♪ francine: welcome back to the open. 15 minutes into european trading day. you can see the cac 40 as the one that is falling the most. it is all about inflation in the u.s. and whether th

joined by her attorney kristin wagner. thank you to both of you for joining us. and get to the lawsuit in a moment where that went and what options girls now have based on these changes. chelsea, to you first, do these rules address your concerns, you are now a college athlete, you filed that lawsuit when you were competing in high school. did they go far enough, does this satisfy you? >> no, it doesn't. it's really disappointing. in high school i raced against transgender athletes all four years of my high school career and lost four state championships, awards and other opportunities to advance and compete and it's disappointing the ncaa did not take the opportunity to stand up and protect women and girls. >> put the break down of the new policy on the screen, to take people through this, kristin, rather complicated what they have decided to do here. they do back themselves up with the fact it follows the policies of the u.s. and international olympic committees. determination by governing bodies, so puts it off to the individual sports. the trans athletes are

i know he'll be listening to folks like you, kristin. thank you, again. we're thinking of you and your family. appreciate it. >> thanks for having me. >>> here's what else to watch today. >>> a family praising lapd officer after saving their toddler from choking to death. the dramatic body cam video next. hearing is important to living life to the fullest. that's why inside every miracle-ear store, you'll find a better life. it all starts with the most innovative technology. like the new miracle-earmini, available exclusively at miracle-ear. so small that no one will see it, but you'll notice the difference. and now, miracle-ear is offering a thirty-day risk-free trial. you can experience better hearing with no obligation. call 1-800-miracle right now and experience a better life. >>> time for "the good stuff". a los angeles police sergeant was in the right place at the right time for a desperate couple whose toddler appeared to suddenly stop breathing. here's the video. >> i don't know what's wrong. she can't breathe. please! please! please, please, plea

among them falling support among black voters who lifted his once struggling campaign our kristin welker traveling to south carolina to ask, has the president kept his promises >> reporter: it was the state that saved joe biden's presidential campaign. >> thank you thank you, south carolina >> reporter: south carolina's black democratic voters turning out in force to help him win the primary and ultimately the white house. one year later, we went back to see what those voters thought now. helen bradley, one of president biden's most fervent supporters telling us she is disappointed do you think that president biden has fought hard enough for the priorities of black voters >> i do not. >> reporter: bradley, a trustee of her church just outside of columbia says her top priority is democrats voting rights legislation, which was defeated this week she blames president biden for not pushing for it earlier. >> our ancestors fought hard, long and hard to get these rights for us and for them to be taken away would be detrimental. >> reporter: bradley praises the president's handling of covid, bu

charles: kristin, been too long. happy new year. talk to you soon. >> happy new year, thanks for having me, charles. charles: inflation hitting new highs as biden's poll numbers hit new lows. the president is on capitol hill. i cannot wait to hear what leaks out from the meeting. obviously could not turn the fellow democrats. larry kudlow is lomb coming up. we'll discuss that. many feel like it's a make-or-break moment for the white house. ♪. at vanguard, you're more than just an investor, you're an owner with access to financial advice, tools and a personalized plan that helps you build a future for those you love. vanguard. become an owner. whether you've enjoyed the legendary terrain in telluride, the unparalleled landscape of park city or the famed peaks of whistler, you face the hassle of lugging your gear through the airport. with ship skis, you're just a few clicks away from having your skis, snowboard and luggage shipped from your doorstep to your destination. with unrivaled pricing, real time tracking, ship skis delivers

kristin fisher joins us with this new reporting. tell us what you've learned. >> reporter: zone, the international space station has always been so isolated from any political tensions between the u.s. and russia during its 20-plus years in orbit. i spoke with two of the astronauts on board the international space station the last time russia invaded ukraine back in 2014. they told me that no one on the ground in houston's mission control or moscow's mission control ever once even mentioned the ongoing tensions back in 2014. but this time around, i spoke with a half dozen former nasa astronauts who are worried this time could be different. garrett reeseman, he spent about 95 days on the international space station. he told me that he is worried if this becomes a shooting war that the international space station may not survive. but nasa administrator bill nelson told me he's confident whatever happens the iss operation will continue uninterrupted. listen here. >> isn't that something that when our politics are causing us to be at od

kristine aquino, thank you for breaking down the key themes we are watching today. ralf, i'm pleased to say, stays with us. coming up, russian troops remain stationed by the ukrainian border, but the dance of threatening sanctions and requesting exemptions is in full flow. geopolitics next. this is bloomberg. ♪ tom: welcome back to the open. we are 14 minutes into the european trading day. the markets across the benchmark gaining more than 1%. building on the modest gains we saw across the equity space yesterday. everything goes sector in the green. travel and leisure, basic resources atop the list. we are awaiting fomc guidance from jay powell. will he be clearer in terms of the rate hikes scenario? march looks likely it will be baked in, but will we get more aggressive commentary or will it be a dovish tone? also looking for anything in of the balance sheets, as well. let's check in on some of the stocks on the move with dani burger. what are you looking at? >> i'm first looking at wizz air. this one has been very volatile when it comes to its action this mornin

gather on a regular basis for over a year to talk about this critically important issue as jim and kristine underscore was really wonderful. one of the places we really wrestled and jen talked about this, the real important foundational values of freedom of expression diversity, equity and inclusion. going into the conversation i do not know that everyone thought that was going to be part of a really deep and robust conversation which is how do we create environments that affirm the right of every member of our community to be as i say their full authentic self and be able to debate, to share, to criticize and at the same time have an affirming community were all members of osour community, particular those have been historically marginalized do not feel threatened by inviting speakers as kristine just articulated who may not agree or who might even dehumanize how it is they identify themselveshe. i think there were quite a few sessions where we wrestled how do we effectively articulate this in our report? too not undermine either of these values and to be able to reinforce for those who re

i've heard there are smash rooms where you can go and just -- kristin: yeah, let it out. larry: i can scream into the wind without having to pay somebody. i will just do that. kristen: if we hear screams coming from the newsroom, we will know it is you. larry: again, that's just monday, tuesday. join forces and we could go smash things together, but it did not sound like that was the direction you are headed in. kristen: can i just offer you, my friends, the opportunity to pull out the weeds in my backyard to vent your rage? larry: that is benevolent of you. mike and i will co larry: the singer for the iconic heavy band iron maiden is going on tour, but not the kind of tour you might expect. >> hello. i'm rich dickinson. blimey, that's me. >> an evening with bruce dickinson finds the iron maiden front man back on stage without his band backing him up. >> five in doing these "evening withs" ever since i did my autobiography, "what does this button do?" it started out as an interesting way to do book readings, but i realized i had sort of created a monster in its own right.

kristin bitterly of citi five at bank. it is difficult to fully internalize the fed shift here without a clear view, some clarity on what the interplay between the balance sheet reduction in rate hikes will actually look like once they get going. lisa: and the fact that the fed does not have as clear of a sense of the effect of a balance sheet on markets -- balance sheet reduction on markets, they have been hesitant to bring this into play as long as they have, simply because of that uncertainty that fed policy has. it does not have that much precedent. jonathan: do you see the story on friday on citi? i will read the quote for you. "office workers who don't comply by january 14 will be placed on unpaid leave, and their last day of employment will come at the end of the month," this according to a message to staff seen by bloomberg. the message very simple. no jab, no job. that is the message coming from citi on wall street and beyond. tom: noted over the weekend. i don't have any strong opinion on this, or will we see a f

so i've a lot to go home and a tele kristin, not even existing today. the community i'm as you are the are big tenderly waiting for me here with our group with in today. if i'm out i'm those are the low down. a great thank you very much. i said my level 17 and 8 with why my how we get it out or in the months a away with a party. i'm happy again, new strength and again that new spirit. and also you understand the nation. yeah. so, oh, by notion of all these megs and you can feel a strong one these days. surely many people at the conference felt that reaching a deal was important for the future. but sometimes it felt like this, so it more as a game to be seated wasn't tension was rising as negotiations had moved behind closed doors and we were desperate for updates. i find we are my new step. i knew the import. i've been quite some swearing given the negotiations today. people have been asked to go to hell. it's pretty far from reaching a compromise. what's the reason for these 2? do they mean that they are not affected in any way, or there are a newfie i

charles: you mentioned whether or not kristin walker still had a job. the mainstream media though still tripping over themselves to defend president biden. some at the press conference, a lot on the air after. you know there was not one question about immigration, the oil crisis, crime boom or the border. how do you explain that? >> they don't want to talk about it. there is a reason why biden was in his basement during the election and there is a reason why he does not come out to do these so-called press conferences t was an absolute train wreck. they don't have an answer to all the problems that are going on because they are part of the problem. that is why. this administration is making things worse for americans, whether it is high gas prices which he blamed the fossil fuel industry, he blamed the beef industry for high prices. you name it, everyone else's fault. except biden's. charles: yeah. you know, good news though he is coming out. he will be out a lot more. you might bump into him deneen. >> i'm afraid. charles: meantime, folks, so the nasda

so i've a lot to go home and tell kristin not even existing to tell of the community. i'm sure they are big done in the waiting for me here with oh yeah, me see how i grew up with they did today. i'm much better. i'm those or the low down b j. right? thank you. right. i said my level 17. and it with why mostly? how we get it out or in the months. hello hegan with a party. i'm happy again new strength and again that new spirit. and also you understand the national yeah, soul of by notion of all of these makes a new castle. i still want the thing surely many people at the conference felt that reaching a deal was important for the future. but sometimes it felt like this saw it more as a game to concede, it wasn't tension was rising as negotiations had moved behind closed doors and we were desperate for updates. i find we are my new step. i knew the import has been quite some swearing given the negotiations. didn't people have been asked to go to hell? it's pretty far from reaching a compromise. what the reason for these 2, do they mean that they are not directed in any wa

the us to live is a 3rd batch of military 8 ukraine and is considering kristin. it's military presence on nato. the eastern frontier washington already has over 8000 troops on standby with a code to send more with .

kristin, you first i know your twitter bio says forever team reid. you were there at the height of his senate leadership. what stands out as you look back on his life and his work? >> i mean, i flew into harry reid international airport yesterday and i couldn't help but think how he's known for his national work, but here in nevada, the modern day las vegas, the las vegas strip, the hundreds of workers, culinary workers, construction workers who built this city and all throughout the state i think his enormous impact on the state, i think it's a sad day, but it's a really proud day for a lot of people on team reid. >> yeah. john, you started covering reid in 1968. do you think that his role in passing the affordable care act was his proudest accomplishment? and does he get the credit he deserves for that, another obama era initiatives that he was behind. >> alex, i did a lot of interviews with the senator before he passed away, and he brought up the affordable care act a lot. i had written before that it should probably be called reid care, not obama