this is bloomberg. yvonne: we are taking a look at cattle shares right now in shenzhen. the tesla suppliers plunging as much as 8% or more. this is back to lows that we saw about four months ago, but falling the most since july of 2021. so, there has been some reports and speculation that the u.s. could be imposing sanctions on the company. what we are hearing is that they are saying it is false information that the company consults about the possibility of those sanctions. but we continue to see pressure on the stock today. haslinda: all right. still ahead this hour, india's central bank on paul's, but for how long? as inflationary pressure build, we get the outlook from the head of the rpi' -- next, why asia remains a great place to harvest dividends and where opportunities lie in cost sector megatrends. this is bloomberg. ♪ this is bloomberg. ♪ >> the economy is shaking off this pandemic. >> we are starting to see people come into the labor force. >> jobs report. >> do not see the expected omicro

this is bloomberg. ♪ anna: this is bloomberg markets. i am in edwards. -- i am in edwards -- i am anna edwards. down 1.5% on the stoxx 600, dental levels we have not seen since october last year. we started off in positive territory and now moving lower. that positive territory driven by expectations of a meeting between vladimir putin and president biden, now the russian side suggesting they need to know will be achieved by such a meeting and that is what triggered this risk off we are now seeing. the cac 40 down 2.2%. the german market also under pressure. some of these markets losing big percentages in terms of the trade. we also have the euro and brent, two other assets on the move. brent crude whipsawed by the latest the geopolitical back story. $94.20 is where we trade. i talked to russell harvey who is talking about $100 a barrel shortly. we will get to that interview later in the programming. the euro holding onto its earlier gains. we have seen yields back into positive territory in february. we talk about the ecb and when will

this is bloomberg. ♪ bloomberg. ♪ matt: this is bloomberg markets. i'm matt miller. right now, we are going to head down to florida. ed ludlow is following elon musk around -- sorry, he is in texas. what do we expect to hear from -- what is his official title at tesla now? chief super king or something? >> we expect to hear his latest and greatest about human spaceflight into space. behind me, you cannot escape it, that is the latest veneration of starships. 120 meters tall. he gave the speech in september 2019, outlined these grand visions. human tesla within a year. none of that happened. you think back to may of last year where they went six miles into the air and landed successfully after four fireballs. so when are we going to the moon, mars? what is this thing behind me capable of doing, and when? jon: the update on starship is highly anticipated, but star link has been creating some chaos. there have been some concerns on several fronts with the satellite ventures. ed: there are around 1500 starbucks satellites in consolation in orbit. spacex have been pretty

this is bloomberg. ♪ matt: this is bloomberg markets. i'm matt miller. let's get to something that caught my eye today, the repositioning by markets for changes in central bank policy. we have a chart that you can see, shows the fed imply rate change through 2020 and white. ecb in blue. we have seen a real pickup here in the fed, and now we expect four increases in 2022. that is priced in even though the dot plot showed us three. before that we thought only two. now some are talking about six or seven, and we have some people telling the financial times, maybe we could even see a 50 basis point increase at the live meeting in march. philadelphia fed president patrick harker spoke exclusively this morning with bloomberg. take a listen to his stance on rates. >> this has always been the question, how quickly are the supply chain constraints going to believe us? it looks like now that they will take some time. slowing down some demand, which is what monetary policy does, is appropriate. i don't think we are behind the curve in that sense because we don't af

this is bloomberg. ♪ matt: this is bloomberg markets. investment banks are waiting more than $100 billion in massive debt packages to help in the battle of global acquisitions. goldman sachs is at the top in market share over the past 12 months in m&a and going back much further beyond that. joining us now is the global head of global -- head of acquisition finance at goldman sachs. she joins us with our star m&a reporter. let us first ask you about the boom that we saw last year and the first month of this year as well. are you readying if building blocks for that to continue? >> absolutely. great to be here. great to see you in person, hopefully will be out in person in may. a great year, the m&a market was a horrible try -- was a $4.7 billion market. we did $4.1 trillion last year. importantly, we saw sponsors continue to take gain market shares. in the m&a market, therefore point $7 trillion -- that $4.7 trillion was higher. that compares to the peak of 55% a few years ago. we are seeing sponsors. >> we have seen this phenomenon or t

this is bloomberg. ♪ ritika: this is "bloomberg markets." tune into "she future officer, -- "chief future officer," this episode featuring macy's ceo. this is bloomberg. keeping you up-to-date with news from around the world, here is the first word. i'm ritika gupta. the biden administration has delayed issuing permits for new oil and gas drilling on federal land. that could complicate efforts to keep gasoline prices under control. if federal judge blocked the administration's method for assessing how its approvals affect climate change. banks froze about $6.1 million in just over 200 accounts under emergency powers meant to end trucker protests, according to a government official. prime minister justin trudeau invokes the powers last week to cut off funding to protest leaders. in the u.k., police investor getting the so-called party gate scandal have told prime minster boris johnson and others they are being questioned under caution. that means any answers may be used as evidence, quitting to a document obtained by i to be news. -- obtained

this is bloomberg. haidi: let's take a look at some of the movers pretty volatile session when it comes to qantas. that stock is falling after the first half results indicating a bumpy recovery. watching more broadly some of the tourism and travel shares in australia but we did see on the optimistic side, a return to domestic capacity to almost 100 sent in june. qantas is off the session lows should sigma -- the session lows. this after the engineering construction services company is to receive an unconditional and final takeover bid to buy the rest of the shares it does not already on. 22 australian dollars per share in cash. we continue to be in the thick of earnings. full year net income, 22.5 million dollars. one of the underperformers. they collect and label images, text to speech audio and other data for artificial intelligence systems. that company down 15%. will be hearing from the ceo of qantas to talk through the results. talk through the impact of australia's international border real thing

bloomberg, founder of bloomberg. more bloomberg coming up. mark: i am mark crumpton with first word news. president biden's top advisors are repackaging his economic message to the american public. this comes at a time when his approval ratings are sinking and the president's legislative agenda stalls in congress. in the has week -- last week mrs on growth in wages, union jobs and domestic manufacturing. he is giving less weight to areas that are sore points with voters, such as inflation and the partisan bickering over covid. former new york governor andrew cuomo isn't ruling out another run for public office. but he says it's too soon to talk about it. cuomo spoke to bloomberg five months after he resigned over a swirl of sexual harassment allegations. he says there were serious mistakes made by new york attorney general james and the lawyers who investigated claims against him. james' office says no one can dispute the fact that the investigations found allegations of sexual harassment against cuomo to be credible. confidence building gest

this is bloomberg. ♪ matt: this is bloomberg markets. i'm matt miller. we are just two minutes and 20 seconds away from the spacex falcon nine launch. they will bring 49 starlink satellites to the kennedy space center in florida. you can see the preparations and the countdown, live. we are going to bring and and love to -- ed ludlow. there is a definitive time window here. they have to hit this window or it is no go. >> this is what is called an instantaneous launch window. they need to put the satellites into a very specific orbit, synchronicity around the earth. that means the window is very precise. less than two minutes away. skies look beautiful. what they are doing is venting the byproducts, kerosene, liquid oxygen. skies look good. what they are looking for is any exclusion zone risk, aircraft coming into the exclusion zone without authority to do so, any kind of technical computer issue. if they launch late, they would miss their targeted orbital path. this is another 49 satellites to a consolation that is more than 1500. star link network has gl

this is bloomberg. ♪ matt: this is bloomberg markets. i'm matt miller. the latest numbers from the mortgage bankers association showed mortgage applications. the index fell more than 8% last week. home purchases and refinancings also declined the 30 year fixed rate stands at 3.8% compared to 2.96% a year ago. joining us for more insight on the market and specifically into construction is peggy hogan marker, president of the marker construction group. her firm is involved in residential hotel and manufacturing construction. i'm going to ask the region that you work in most. this is such a regional marker. are you focused on south florida? >> throughout the state but predominantly south florida. matt: what is the biggest difference between the market right now in previous years? is it a lack of everything shortage as we have heard it described? >> it's the perfect storm right now. obviously we've got supply chain issues and lack of materials driving prices up on top of that because of the pandemic and we have fantastic weather and tax structure in south fl

this is bloomberg. ♪ rishaad: this is bloomberg markets. let's have a look at what is going on in the latest business flash headlines. alibaba slipping its focus from high-growth to retaining users. that is as it recalibrate its strategy in the wake of china's technology crackdown. that is the slowest since its 2014 alley but -- ipo. alibaba has taken $3.2 billion in the last three-month of last year. and that is widely down in its global investment portfolio. citigroup, the first bank to eliminate overdraft fees. to the lender saying it is illuminating the fees along with the return charges by the summer. politicians and consumer advocates have criticized the charges for their impact on low income consumers. orders for my journals covid-19 shot rose modestly as it battles rivals for market share. and we see these pandemic concerns ease. they say they've signed $19 billion of deals for 2022 sales of its mrna vaccine, up from 18 and a half billion dollars announced in january. options for orders are half a billion dollars lower than previous

this is bloomberg. ♪ >> this is ahead on bloomberg markets: asia. foreign investors are continuing to pour money into tech stocks. the index has reached a key 1700 level for the first time in two years. today, foreign influence tie equity more than $1.7 billion, the most in asia as the government plans to ease border restrictions to help tourism reliant economy. joining us for an excuse of interview is stock exchange of thailand president. could you happy you with us. first off, sustainable going forward in 2022? >> when you look at inflow into thailand, during the past few years, we have seen mostly outflow. but now, wants the covid situation has been better controlled, you see that they are telling folks to come back. especially the end of last year. now in january, dollars coming back. also, tourist industry that has been recovered from the covid control. also the export sector in thailand which is half of our business here has been booming. that would attract more foreign investors in the long run. >> can you put a figure to that expected for th

this is bloomberg. ♪ ♪ ritika: let's check in on the bloomberg first word news. the european union will snub a request by russian foreign minister sergei lavrov for its member countries to respond individually to moscow's demands on a regional security framework. instead, the eu foreign policy chief will respond on behalf of the bloc, according to a draft of the letter seen by bloomberg. the u.s. and u.k. say russia has acumen laded almost 130,000 troops close to the border of ukraine. russia has repeatedly denied that it plans to attack. the new head of germany's bundesbank says the ecb may need to raise interest rates this year if the inflation outlook does not improve significant. he spoke to a german newspaper. he said the ecb has reached a point that is a textbook case for central-bank action. a new york judge has granted bail for two people charged with trying to launder billions of dollars worth of bitcoin. cryptocurrency was stolen in a 2016 hack. they were arrested yesterday. to government says it seized about $3.6 billion of cryptocurrency from the coup

this is bloomberg. ♪ shery: alert on the bloomberg on russia. the kremlin's claims that it had begun to remove troops from ukraine's borders are false. the market opens in seoul and tokyo are next. this is bloomberg. ♪ shery: welcome to daybreak asia. i'm shery ahn. haidi: asia is maker markets have just -- major markets are just open for trade. asian stocks set for a steady start. treasury yields and the dollar retreat. investors are wary of the ukraine's standoff. nato and the u.s. pointing to signs of russia continuing its military buildup. hong kong may carry out citywide covid testing on at least 8 million people as the city struggles to bring cases under control. shery: breaking news out of singapore. breaking numbers for gdp for the year of 2029. reports economy expanded 7.6% year on year. this would be the fastest acceleration of growth in more than a decade. for the fourth quarter, gdp grew 2.3% quarter on quarter. the estimate was for growth of 2.9%. when it comes to the fourth quarter final numbers, it is a little bit of a miss righ

we have more to come on bloomberg asia. this is bloomberg. paul: securities and exchange commission is preparing to take up a range of policy changes starting next week in response to wild trading in meme stores last year. gary discussed how to better protect investors in an exclusive interview with bloomberg. >> we do have a broad agenda. crypto is a part of that agenda. it's an agenda to have the capital work and the investments work better for the public and companies on the other side, to drive for efficiency in these markets. as to your question about crypto, the agency is really just looking at more investors and many of these tokens, not trying to prejudge anyone, but many of these tokens have the attributes of securities. they're raising money from the public and the public is anticipating profits based on the efforts of others. and so we've brought a number of actions. we're trying to work with the various crypto platforms, the exchanges, the lending platforms to come in, get registered, find where we can to adjust our rules set to g

this is bloomberg. ♪ it's -- yvonne: you are watching "bloomberg markets: china open." on yvonne man with david ingles, bank of new zealand hike of 25 basis points, from central bank of new zealand. this was seen by most economists here. they were forecasting a 50 basis point hike. this doesn't seem as hawkish for the rbnz.

tokyo time in bloomberg and bloomberg television. this is bloomberg. ♪ haidi: a quick check of the latest business flash headlines. acquisitions will become more difficult for the company. this ceo attributes that the reviews and increasing geopolitical concerns. just days ago germany's borders to buy -- which would create the large -- the world's largest maker and chipmaking. they are planning to brace $7 billion for a new america's infrastructure fund. the firm will start fundraising in the coming months. in july, they raised almost $7 billion for a separate fund focus on communication, transport and waste management. sk telecom is teaming up with california-based aircraft maker jovi aviation's. the electric powered airplane can take off and land vertically. crews at a top speed of 200 miles per hour and has a range of 150 miles according to the company. shery: here are stocks we are watching. stocks could move after they reported that the u.s. and japan are close to an agreement that would partially remove tariffs on japanese im

this is is bloomberg. ♪ dani: welcome back to bloomberg daybreak. i'm dani burger with manny cranny. for more, we're joined by our uk economy reporter lizy. set the backdrop for us. what are we expected? and what does this mean for the b.o.e. >> i know the upside surprise, an economists expect 5.4% in january. then surely the bank of english hawks are going to have to push for more aggressive tightening in march. four of the nine members wanted a hike in the last meeting so if today beats expectations in markets very likely to see 50 basis points in march. and that would be followed up by more hikes later in the year bank of english sees inflation peaking at 7.25% in april that's when the taxes appear energy numbers -- and the energy numbers rise as well. the labor market is tight. but it's not translating into real wage growth because of this cost of living crisis. >> ok. let's see what the risk is as we go in for the currency mark into next month's meeting. lizy burden with the very latest on the b.o.e. let's take a look at the events of today. it

this is bloomberg. ♪ ♪ >> the way i think about it is this. we've got two-sided risks. we've got an upside sort of risk which now come from two things. one, as we were discussing a few minutes ago, second round effects and wage price. unfortunately i think we've also now got an upside risk on financial prices from worse things happening. dani: the boe's andrew bailey on risks from ukraine. we are joined now by graham secker, chief european equity strategist at morgan stanley. thank you for joining us. you are joining us on the day when this market is getting punched around from russia headline to russia headline, now heading to losses in both u.s. and european stocks. how much is your outlook on this european equity market and punched around by the latest headlines? graham: it creates near-term uncertainty broadly around equity risk premia and valuation, but for us at this stage, we are not really thinking of changing our fundamental outlook. the economic and barman we are seeing right now is actual

. >> this is bloomberg surveillance. jonathan: it's payroll friday from new york city for our audience world wide, good morning, this is bloomberg surveillance live on tv and radio. the equity indices are positive. tom: it's a moving jobs day. the morgan stanley shift shows beautifully in the 9:00 hour. it's an indication of where we are for the jobs report. 400,000 bodies? jonathan: we can settle this before the show starts. the estimate for morgan stanley is negative 215. scarlet: that's not even the number i'm watching. it spoke wage number and participation rate. even though this seems like it's negative because workers are not there is not because of a lack of opportunity. you can expect wages increased intentionally more than previously expected. jonathan: i'm looking at cpi next week. the high 7.6 and the low is 7. tom: with all the distractions, we need to underscore that the inflation of next week change because of the historic data we saw yesterday from the bank of england and even more stunning, the shift from

this is bloomberg. ♪ bloomberg. ♪ rishaad: you are back with bloomberg markets. beijing being the first city to hold both versions of the olympics but china 2022 looks very different from the country that welcomed those athletes in 2008. but how much has the chinese economy and its markets changed? haslinda: we are talking 13 years, so you can expect a lot of changes. the last time beijing played host, traders were climbing out of a great bubble burst in mainland equities. since the bottom, hong kong and mainland has grown more than six times combined. chinese people now have more tools at their fingertips to help them buy. at the summer games only around 20% of people were connected to the internet. the iphone was yet to arrive in the country, while wechat was not even invented. and the market has grown sevenfold since the 2008 olympics. this should help the segment grown nearly 13% per annum over the next five years. so, to your question, a lot has changed. rishaad: all right, indeed. well, let's talk about the consumer in china with the olympics underway and t

this is bloomberg. then coming up later, we also look at facebook, now known as meta-, and what investors will come out with. that extra advertising spending money could be stalling some of the other companies that we are talking about. tom: we have the idiosyncrasy of paypal and that is around ebay and the exposure they have for that. that is less interesting than alphabetic given the size and scope as sales growth for them. sales points to that strength across the broader economy and meta is likely to pick up. starbucks was interesting. they are now paying $17 on average their employees. francine: i am so glad that you said that i will not be spending $70 on a cappuccino. let us get to the bloomberg business flash. laura: alphabet shares have jumped as earnings topped estimates. fourth quarter sales earned almost $62 billion. gains were driven by advertising and were focused on e-commerce. cloud revenue only narrowly beat the industry. amd is stocks rallied after giving a surprisingly strong sales qua

this is bloomberg. ♪ matt: this is "bloomberg markets." some fixed income investors looking to etf's in the hunt for new opportunities in the space. joining us to discuss is joanna gallegos, bondbloxx co-founder. her from just launched 70 bts that focus on u.s. high-yield bonds. thank you for your time. i have to ask first, in this kind of volatility, it must be difficult to launch these etf's or am i wrong? does it create opportunity for you? >> thank you for having me. this is the perfect time to launch targeted fixed income. we are able to provide tools to investors to better manage their risk and provide better exposure to individual sectors. i think in the volatility we have seen your to date, had portfolio managers or alligators had these choices before and constructed the portfolios buried differently or going for they are able to do that and continue to manage the risk more precisely. there's no better time than now. matt: what are your offerings looking like? we have said seven different etf's. are they focused on high-yield? are

this is bloomberg. kathleen: still ahead, oriana financial services says geopolitical risks are yet to be fully priced into markets. we will discuss the odds of the fed hiking less than traders are expected. and the australian chamber of commerce and industry tells us how the international reopening will renew its tourism business. this is bloomberg. ♪ >> party central out here at sydney airport as we reopen fully to the rest of the world. >> market rates here in australia have not been twiddling their thumbs, they are focused on the markets that will be available. so the u.k., europe, parts of north america. >> companies have learned how to manage with covid. >> the tourism industry rebounding strongly as we come out of this pandemic. >> the more challenging issue for australia will be things like aviation we attraction because many international flights have lessened the number of roots to australia. >> we are optimistic about what the rest of the year looks like and looking forward to a more normal

this is bloomberg. ♪ ritika: this is "bloomberg markets." tune into bloomberg's monthly series featuring macy's ceo, now on bloomberg.com. this is bloomberg. let's check in on the bloomberg first word news. the head of islamic state has been killed during a u.s. counterterrorism raid in northwest syria. president biden said he was "removed from the battlefield" during the operation. a senior u.s. official says he detonated a bomb that killed himself and numbers of his family. all americans are said to have returned safely from the raid. applications for state unemployment benefits fell for the second week in a row. initial jobless claims declined by 23,000 to 238,000. tomorrow the government comes out with the monthly jobs report. on the next episode of bloombergquint take,, barnett -- bloomberg quicktake,, barnett -- emma barnett speaks with al sharpton. >> i think we are in a different spot of voting rights and these questions, and i don't know that we are going to be able to get to this dialogue of healing for a minute now. i think this i

this is bloomberg. ♪ this is bloomberg. ♪ francine: welcome back to the open. a lot of focus on what is going on with ukraine. a lot of pressure on the markets. the dax down 2.5 percent. the focus on ukraine and commodities. mark cudmore has a great chart of consumer expectations. we are seeing havens bid in terms of bonds but also the swiss franc because of the uncertainty surrounding ukraine. the other story we are watching out for is clariant, down 16%. an investigation into its accounting after internal whistleblowers warned the company may have incorrectly booked provisions. the stock is getting slapped. let's take a look at some of the events we are following this week. today, the german chancellor travels to ukraine. and the latest round of earnings on tuesday from the minors. cpi on wednesday. on thursday, it is turkey's rate decision. on friday, french cpi for january. to talk us through the week, still with us is sharon bell from goldman sachs. what do you like in these european equities a

this is bloomberg. ♪ this is bloomberg. ♪ haslinda: welcome back. the earnings season for singapore's top three banks has kicked off. dbs group posted a 37% growth profit. net income in southeast asia's largest lender was boosted by its highest low growth in seven years, and increase fee income. let's discuss this and more with harsh modi, research from j.p. morgan, who has an overweight rating on all the top three singapore banks. good to have you with us. i am wondering, in terms of growth momentum, is that sustainable going forward or will that be impacted by a slowing china, given their exposure to the chinese market? harsh: thanks for having me on the show. absolutely i think there are some risks to growth. but on the flipside we are seeing very sustained trade loads holding up quite well. singapore property market is doing quite well. we have both mortgages holding up, developing land bank. even the logistics sector is looking quite good. so what we are seeing is yes, there are risks, there are risks across the board. especially so in china. b

do not forget to tune into bloomberg radio, the cable show at the top of the hour is live on bloomberg and dab digital radio in the london area. this is bloomberg. ♪ >> from the world of politics -- >> the bottom line is members of congress must be banned from trading stocks while in office. >> to the world of business -- >> we are not going back to 2% this year. >> this is "balance of power" with david westin. david: from bloomberg's world headquarters in new york to our tv and radio audiences worldwide, welcome to "balance of power." consumer price numbers released yesterday have resolved at least some important questions such as we do have real inflation, the highest in 40 years, and everybody agrees something needs to be done about it. we talked to larry summers earlier today about what he thinks should be done. larry: i think the fed should have a special meeting right now to end qe. it is nothing short of preposterous that

this is bloomberg. ♪ rishaad: we are back with bloomberg markets. this is the pboc governor speaking at a g20 event taking place virtually in jakarta. >> is the market trying to guide expectations? since the outbreak of the global financial crisis, many emerging markets have strengthened their own financial systems. they all worked together to build the regional financial safety net. however, this health care system and relatively low vaccination rates -- with the health care system and relatively low vaccination rates, covid-19 is posing a danger to financial markets. when conditions tighten, they are more bound to be affected. to mitigate the above-mentioned spillover effects, central banks from advanced economies should continue to enhance market communications. meanwhile, emerging markets should improve readings. this is their original -- this as their original financial cooperation has a key role to play. in recent years, emerging markets in asia have witnessed substantial progress in low currency usage in regional trade and investment. as a re

this is bloomberg. ♪ shery: jamie dimon says market volatility is inevitable. he spoke to bloomberg about his outlook. >> it's really good to step back two years ago. we were here two years ago. we had 15% unemployment and no vaccine, so i applaud what the government did get things back. it's very easy to second-guess all that. probably too much fiscal stimulus and quantitative easing, but still a strong economy. i think the fed will try to meet that with strength by raising rates and reversing qe. i wish them the best. >> how many rate raises do you think we should see this year? >> it could be seven or nine, could be more, could be less. can you imagine the fed saying we are not going to be data-dependent at all? they should be data-dependent. i don't think all inflation is temporary, but i think part of it will get better over time. i don't think they should promise us what they are going to do because they don't know what they are going to do. they need to retain flexibility. >> let's talk about j

this is bloomberg. ♪. this is bloomberg. ♪ francine: welcome back to the open. 30 minutes into the trading day. ecb knot -- bumper u.s. job numbers fuel hike expectations. strengthening europe's eastern flank. we will speak exclusively to the head of italy's largest bank. the conversation with carla mussina in a few minutes. his views on the new business plan and the outlook for the european banking sector. when you look at the markets, there is a widening of spreads. and china is back. technology is up giving a lift to european stocks. tom: china catching up after the lunar new year break and a focus on whether you get more supportive measures and to what extent they drain liquidity as they traditionally do after lunar new year. stoxx 600 may be looking for the next catalyst. because of the context, last week you ended and the red for european equities. u.s. equities flatlining. looking ahead to the cpi print on thursday. in terms of germany come against of 22 points. a flat on the cac 40. ftse 100 also

this is bloomberg. ♪ let's check in on the bloomberg first word news. russia has come out with some sanctions of its own, banning airlines from 36 countries from using its airspace in response to the ban by european states on flights operated by russian air carriers. the list of those banned from flying over russia include the eu countries and the u.k. in hong kong, the government is being forced to move away from the key pillars of its strict covid zero policy. a surge in new cases has overwhelmed the health care system. contact tracing has been put aside. the world's top climate scientists are warning that there is a closing window to get -- for the world. there is a growing mismatch between rising temperatures and slow, fragmented efforts to adapt. it warns that countries must do more to save billion's from floods, droughts, and other hazards. global news 24 hours a day, on air and on bloomberg quicktake, powered by more than 2700 journalists and analysts in more than 120 countries. i'm ritika gupta. this is bloomberg. guy: thank you very much, indee

this is bloomberg. ♪ ritika: this is bloomberg. let's check in on the bloomberg first word news. new figures indicate private-sector payrolls in the u.s. fell by 300 january. that comes from the adp national employment report. earlier, the white house said that brief absences of workers due to omicron could overstate the number of unemployed people for the last month. the generate jobs report comes out on friday. in the euro area, inflation surprisingly hit a record in january. consumer prices jumped 5.1% from a year ago. none of the economists surveyed by bloomberg saw excel recent accelerated. it is the latest challenge to the ecb plan to pare back stimulus more slowly than its counterparts in both the u.s. on the u.k. global news 24 hours a day, on air and on bloomberg quicktake, powered by more than 2700 journalists and analysts in more than 120 countries. i'm ritika gupta. this is bloomberg. kailey: the u.s. wants to ensure that europe does not run out of energy if russia invades ukraine. bloomberg has learned that the u.s. and its european allies have approached china and o

tom: stay with us through the day on bloomberg radio and bloomberg television. an important conversation with paul krugman, look for that in the 12:00 hour. this is bloomberg. ♪ jonathan: given the week we have had in the treasury market would you guess the equity market was up on the week? futures up .1%. good morning to you all. "the countdown to the open" starts now. >> everything you need to get set for the start of u.s. trading. this is "bloomberg: the open" with jonathan ferro. jonathan: we begin with the big issue. big forecasts. >> this is the scenario the fed was concerned about. >> this is what you did not want to see. >> what is the fed going to do from here? >> weather 7.3% or 7.5%, they will go and go hard. >> they have been debating whether they will do it in measured 25 basis point increments. >> i would like them to just get on with it. let's

the story continues on bloomberg radio and bloomberg television. good morning. ♪ jonathan: we are giving up the overnight gains. from new york city, good morning. your equity market dead flat on the s&p. "the countdown to the open" starts right now. >> everything you need to get set for the start of u.s. trading. this is "bloomberg: the open" with jonathan ferro. jonathan: live from new york city we begin with the big issue. whipsawed by headlines. >> the headlines have been flowing fast and furious. >> markets are clearly up and down. >> struggling to connect the dots and understand how bad this is. >> development in russia and ukraine. >> this is a big airpark bit of uncertainty. -- a big air pocket of uncertainty. >> if russia does invade ukraine all bets are off. >> another region the federal be careful. >>

this is bloomberg. ♪ ♪ ritika: let's check in on the bloomberg first word news. russia has announced that some of the troops involved in drills have started returning to their bases. the military exercises raised concerns about a possible attack on ukraine. still, nato says it has yet to see evidence of a pull back from the ukrainian border. the criminal has denied it is planning an attack. demonstrators against vaccine mandates halted traffic at major border crossings in western canada. some doubt tuesday -- some doubt tuesday -- some vowed to stay. commercial traffic to the u.s. was blocked by semi trailers and farm equipment. -- urged global powers to reach a compromise. iran's foreign minister warned the u.s. and other western powers to show their true intentions by removing sanctions on iran's economy. global news 24 hours a day, on air and on bloomberg quicktake, powered by more than 2700 journalists and analysts in more than 120 countries. i'm ritika gupta. this is bloomberg. kailey: thank you. let's get back to the geopolitical tensions surrounding ukrain

welcome to bloomberg. i know you know the president because you are both from the state of delaware. it is a pleasure to speak to you, ambassador. you are a long way from delaware, but conversations about relaunching the economy including inflationary pressures is at the forefront of what you were trying to do. what is the biggest surprise for you and some of the challenges the economy is facing? jack: good morning, great to be with you. i'm still quite early, i started last week. i have been getting to know the team at the oecd. we are a terrific team, and excited about the opportunity to work on one of the most important multilateral organizations anywhere. we think this is a terrific moment in time for all of us, all of the members of the oecd to prove we can deliver for our people. francine: a lot of criticism has been made on multinational corporations, something about the wto and others. can you confirm the u.s. commitment to those? jack: absolutely. i met with president biden a couple of weeks ago,

this is bloomberg. ♪ angel this is: bloomberg markets, the european close. tunde bloomberg's monthly series chief future officer. the episode featuring macy's cfo adrian mitchell is down bloomberg.com and youtube. this is bloomberg. now keeping you up-to-date with news from around the world. here is the first word news. the u.s. now says russia house mast as many as 190,000 personnel in and around ukraine. it calls of the most significant military mobilization since world war ii. the u.s. has ramped up warnings about a possible russian attack on ukraine. russian officials say no invasion is planned. a giant cargo ship carrying almost 4000 vehicles from volkswagen pop fire and is adrift near the azores islands in the atlantic. the crewmembers were taken off by the helicopter. luxury models, including porsche, audi, and lamborghini. storm chaos across london. more than 150,000 homes are without power. hundreds of flights have been canceled and wines may reach 80 miles per hour. it follows less than 48 hours after storm dudley caused disruption. eunice is also

this is bloomberg. ♪ matt: this is bloomberg markets. i want to focus on the credit markets. we just showed you how expensive it has become to ensure russian debt and you might expect that after the invasion of ukraine. jp morgan is hosting its global high yield leveraged finance conference in miami. ed hammond is there as well as john zito from credit at apollo, overseeing 350 billion dollars in assets under management step thank you so much for joining us. wouldn't this conference -- this conference is focused on war which is unusual but it's reverberating around the world so what does it mean for your business? >> how are you doing? i want to thank jp morgan for having this conference every year. it's a time for everybody to get together and it's the first time we've gotten together since covid stop there is 1200 people here so it's nice to see everybody. the times are much different than usual, the environment, i haven't seen something like this in quite a while. it's shocking to see how the markets have responded to such a large geo

this is bloomberg. ♪ ♪ ritika: it is time for the bloomberg business flash. airbus has dodged the threat of strikes in germany. it reached a labor deal that would allow continued production of its best-selling a320 jetliner. the agreement rules out mandatory job cuts and restructure plans until 2030. home depot has a goal that will be made more difficult by the tight labor market for retailers. for the critical spring season, that is a total of 100,000 employees. home depot says it will speed up the process so they can they can offer within a day of receiving the application. tesla is disabling a feature, it's self-driving system they came under scrutiny from relators -- from regulators. no accidents have been reported. tesla will recall more than 53,000 vehicles. that is your latest business flash. guy: thank you very much, indeed. we are counting you down to the close on the first day of february here in europe, and it is a generally positive session. we are off our highs in europe. the basic resources sector, the miners are doing well. the stoxx 600, 473.

this is bloomberg. ♪ ♪ dani: welcome back to "bloomberg daybreak: europe." imf dani burger alongside manus cranny in dubai. we've had so many earnings interviews, executives we have talked to over the past few weeks and this question of cost, inflation, that sort of pressure in the supply chain keeps coming up. a lot of people said those pressures are likely to abate. the evidence that it is abating is not there yet. if you're a company beating on sales yet missing on earnings-per-share, that is evidence that that gap is made up by cost pressures. in fact, if we measure margins by this way, it is the worst year, the worst corridor for margin pressure, according to bank of america, on record. their data goes back to 2012, but this just highlights the point that in europe, the stoxx 600, there is an issue with cost. with us is fabiana fedeli, chief investment officer of equities and multi-asset at m&g investments. how much of an issue is this, is the cost picture for european corporates? fabiana: this is the issue that you have to keep in mind when you are pic

this is bloomberg. ♪ >> welcome to bloomberg markets. matt: here are the top stories we are following from around the world. tensions remain surrounding ukraine, as mark mentioned the german chancellor met with president putin today in moscow and president biden will address the u.s. on the situation later today. and while ukraine tensions are starting to ease, so are the protests in canada. protesters are heading home, leading to those border crossings finally being reopened. virgin galactic is ready for customers to defy gravity, announcing it is opening commercial ticket sales, a huge milestone in their mission for space tourism. all that and more is coming up. jon: and he said it, the easing tensions narrative has been what investors have been looking at today. here is a look at what has been happening in trading. the obvious sector that is worth watching is tech, investors willing to get into the beaten up names in the s&p, stocks like nvidia, a big deal with intel leading momentum from the chip group. on the other side, energy, whi

this is bloomberg. ♪this is bloomberg. ♪ manus: it is "bloomberg daybreak: europe." dani burger in london. brent crude is fluctuating as the rally cools off after seven weeks of gains as the market flashes signs of tightness. saudi arabia raises prices. make hay while the sunshine's. we are going to restock and china and raise prices. we are off to the moon for oil. a bullish maneuver by the saudi's. >> every month, saudi arabia gives new crisis. they are boosting it quite a bit signaling saudi arabia things the bullish sentiment continue and there is justification for higher prices. it is a continuation that shows intentionally that they supply demand mix match -- mismatch will continue with brent crude at about $93 per barrel. $100 is within sight and there are a lot of bullish factors we are sitting on including the situation in ukraine. if it were to worsen, that would be more risk premium for oil. inventories being drained in the u.s. and even china. prices are still not high enough for them to stop buying. there are a lot of different factors that saudi arabia

this is bloomberg. ♪ s is bloomberg. ♪ ♪ tom: welcome back. an indicator from citigroup's signaling it is time to buy the dip. a note today says only seven of the 18 potential red flags in citi's bear market checklist are waving. let's bring in money stiff pond -- bring in maneesh deshpande, barclays head of equity derivatives strategy. i want to start with the european markets before we start to go to hedging. is there a complacency in these markets? does that sound rational to you at this point? maneesh: yes, i do think there are clearly still risks ahead, and if things escalate from here , european equities would be more vulnerable from this point. you to date, even months to date , when russia tensions have escalated, european markets have not suffered more. so i think there is a bit of complacency here. i think it depends on what further sanctions are put in and what the effect of those sanctions are going to be. but right now we do think that buying options on european equities would be the most cost-effective way of hedging. kailey: whe

that means you need to pay attention to bloomberg radio and bloomberg television through the morning. we will see a set of headlines that could actually shift the moment. lisa: what is the most interesting thing you've learned on this conflict that seems to be building with russia? tom: i am learning of migrants of the black seat. i have to watch james bond from russia with love which is the best james bondattention to blod bloomberg television through the movie about the dardanelles and the straits there. this 18 mile stretch through turkey, past istanbul, past constantinople into the black seat, what is the nato presence going to be in the black sea? lisa: i was struck by what peter to her wits said that this is the distraction for u.s. foreign policy when they want to turn to china. how do they get back to that narrative with a deep shift in the globalization of the pre-trump era? that is going to be fascinating to see that navigate. tom: at 12:00 balance of power it will drive forward those conversations. joe mathieu today at 5:00 on bloomberg radio. leon panetta last night. i bel

this is bloomberg. ♪ manus: this is "bloomberg daybreak: europe." i'm manus cranny in dubai. the equity markets with a mini bounce back. are you tempted by the bounces? you should be wary of these relief rallies. fight the temptation. i should remind you that you broke the 200 moving day average. we are living on the edge. you are going to demolish this equity. stage of sanctions, there is an assumed escalation of sanctions on an escalation of incursion, or as the americans call it, and invasion in ukraine. global stocks are unchanged. this is ground zero for the squeeze in the calendar spreads. aluminum off its 2008 high. nickel is off its 2011 high. nickel has one inclusion on the u.s. official tally of 50 commodities deemed most critical to the economy. $25,000 is not to be sniffed at, we are just off that level. inventories tight since 2019. markets are reacting pretty much with a shrug on the equity side of the equation. and to the sanctions that have been leveled and taken by the u.s. and its allies against russia. the measures will impede russia's access to global mark

this is "bloomberg daybreak: europe." the stories that set your agenda -- manus: president biden promises swift action in the event of a russian invasion. ukraine crude rallies. senator joe manchin says the fed needs to tackle inflation head on, but ecb officials warned of overreaction. asian stocks drop and u.s. equity futures steady for now. hong kong's covid crisis. hospitals face of overwhelmed as cases search. the city turns to beijing for help. a warm welcome to the show. dani, it is the potential cost of conflict, the fear of conflict that is igniting the haven status of bonds, yen, and fear of equities. dani: it is a whiplash in the market because bonds got a bit from that and had sold off on thursday. i want to point out the index of bond volatility near the highest since march 2020. manus: yep, the question with the fed even dared to go for something frisky like a 50 basis point hike. if, and i must emphasize if, there is an escalation. dani: let's dig into these markets. we saw u.s. equities selloff heavily on

on bloomberg television, on bloomberg radio, and historic day. it is simple, the headline late in the evening, putin decides to conduct military operation in ukraine. the speed of military operation is stunning. jonathan: things have changed quickly. we are waking up to a very different europe and very different objectives of this russian president, perceived objectives. they have changed were markedly in just a few days. he russian president vowing to demilitarize ukraine and replace its leaders. it is no longer just about separatists in the donbass. tom: what is a single statistic that shows the angst of international relations? jonathan: i've got to say, away from crude, the front-end of the bond market. how that develops is going to be critical. a monster move at the front end. we have priced and more fed hikes. what happens from here for this federal reserve? that is the number one question for market put this up and's, for markets this morning. for you, for me, for lisa, the people of ukraine absolutely paramount. this is a painful and powe

joining us is bloomberg's ed ludlow. walk us through the numbers from lyft and what they mean for uber. ed: ridership depressed year on year, depressed versus pre-pandemic levels, and it is because of omicron. that was the pain point. in the fourth quarter, the company saying that the outlook for the first quarter was where they feel the brunt of it, but what is interesting is some green shoots. lift pop saying the revenue per rider is really on the up. part of that is the more expensive rise -- more extensive rides to the airport. it looks like premium sector travel is returning. the difference between the two is that lyft core business is rideshare, and that is it. uber has other platforms to leverage, while lyft doesn't. kailey: so it is both sides of the stay-at-home versus reopening trade when it comes to her. another company that exhibit highs that is disney. on the reopening side, you have theme parks in the movies. on the other side, you have disney plus. is disney likely to fall victim to what we saw a couple of

this is bloomberg. shery: still ahead, we will break down the latest results from meta and amazon. up next, j.p. morgan's global research chair will tell us why she is expecting five hikes from the fed starting in march. this is bloomberg. shery: brazil is extending the world's most aggressive tightening cycle. our next guest says markets have a lot to learn about the fed balance sheet normalization. always good to see you. give us some of your insights of what markets and investors should be watching as we continue to see these global central banks moving toward normalization and tightening. >> the point i would make is that this time it's different. it's the higher inflation and the type labor markets. we still have inflation risk because of higher wages, housing prices. we have revised our outlook for the fed of five rate hikes this year and two more in the first quarter of 2023. i think normalization process for balance sheets starts in july. this is the end of qualitative easing. there is still a l