this is bloomberg. shery: samsung relations first-quarter earnings this hour with expectations for a big jump in profits, we will break down the numbers. a global advisor sees the positive earnings season for the fourth quarter, more on that ahead. this is bloomberg. ♪ >> my colleagues and i've may reach the conclusion that we need to move more quickly. faster is better. if it is appropriate to raise interest rates by 50 basis points, then i would think we should do that. >> 50 basis point is going to be an option we will have to consider. >> maybe a 50 helps, i'm open minded. >> if we need to do 50, 50 is what we will do. >> 50 basis point should not be off the table. >> it could be 25, it could be 50, it could be 75. >> these are methodical hikes. >> their economy is very strong and well-positioned to withstand tighter monetary policy. haidi: fed officials raising the policy of a 50 basis point move in may. let's begin our next cat who says inflation could surprise to the downside. he is the people

this is bloomberg. ♪ is bloomberg. ♪ dani: welcome back to "bloomberg daybreak: europe." because of covid, chinese stocks have been underperforming the u.s.. this shows the trend of comparing the two indices, the csi 300 and s&p 500 continuing to decline. our best this hour, likes chinese stocks, he is senior executive officer at our capital. if you like china is a but also the u.s.. to what degree does this relationship normalize? saed: two issues, we see pull from chinese equities, the past two or three months, given the relationship between china and russia. there is outflow there, overall, it is stable, up a bit in china. what i see is we are valuing now, especially chinese tech stocks. what i keep thinking is we go past the space where china normalizes the covid situation, i still think it takes more, chinese the place to be right now. manus: everybody came in a year ago and said by chinese bonds, that has compressed. the language being used is the state council -- the differentials of this is the tenure spread. if there's a shift in policy, would you be receptive to

this is bloomberg. ♪ bloomberg. ♪ >> this is very clear. in the short-term as i said before, 2022 is going to be a transition year. shery: the credit suisse ceo speaking to bloomberg after the bank shook up leadership. some of credit suisse's struggles stem from the closure of archegos capital which cost the lender $5.5 billion. today the archegos founder was arrested year after the collapse. prosecutors say he was behind a vast criminal scheme to mislead banks and manipulate markets. let's bring in bloomberg executive editor tina davis for more. what is he being accused of? tina: he and his cfo are charged with 11 counts including market manipulation, attempted market manipulation, racketeering, securities fraud. it is a lot of charges and adds up to potentially a great deal of prison time if he is convicted. haidi: the details of what we know from this case is much more interesting than what we knew previously. what is the government alleging here? tina: according to the government, roundabout march 2020 when the pandemic began, bill star

this is bloomberg. kriti: this is "bloomberg markets." i'm kriti gupta along with jon erlichmann. we're looking at kimberly-clark shares, the highest move in over 20 years, has everything to do with the consumer. we're going to talk about can it actually last? joining us is down is jeff and shinali. in the bloomberg newsroom. talk to us about these earnings? i think what's so striking to me, we're talking about earnings season. we're talking is this peak margins, peak growth? here we are seeing kimberly-clark talk about 10 pours organic sales. we saw the same thing from procter & gamble. what is going on? >> it's an about face. something investors wanted to hear, especially from the consumer facing companies because going in the earnings season and especially with all of the inflation data, decades high for recent months seeing that. jess: how is the consumering handling this sdm kimberly-clark, makers of huggies, they were able to move past this volatile inflationary environment and raised their sales outlook for the rest of the year. they did note there still could be potential

this is bloomberg. ♪ s bloomberg. ♪ shery: a source telling bloomberg the elon musk has been meeting with twitter executives today in a sign the social media company has become more receptive to his $43 billion takeover offer. su keenan joins us with the latest. the idea was that the twitter board initially had opted for the poison pill strategy. where is there a change of heart? su: it appears that following that regulatory filing on thursday where a dozen banks act musk to the tune of billions made all the difference. bloomberg is hearing that twitter is now generally more open to discussing a deal than it was previously, and met with the board. new york times giving more detail, that musk and the 11 member board met early sunday morning, and that there is a follow-up meeting later sunday to discuss matters related to a possible deal. the wall street journal had reported earlier that musk met privately with shareholders friday over resume to pitch his proposal. that perhaps added to the change of sentiment. the paper also said musk told twitter chairman brett taylor he will not adj

this is bloomberg. ♪ . ♪ : this is bloomberg marker the european close. coming up the occupyon pacific c.e.o. lance fritz joining us on balance of power. this is bloomberg. ♪ : here's the "first word." in china the president has defended the country's reliance to fight the coronavirus. despite mounting economic would hes she reaffirmed the underlying goal. in a video steve to an asia forum. chinese is in the midst of the worst covid outbreak since the beginning of the pandemic. hong kong is beginning a slow mass to normality. sports facilities and gyms reopen. restaurants will stay open later and people can meet in larger groups. more restrictions will be raised in the next few months. and a $325 million super yacht tied to russian gold billionaire won't be leaving the south pacific island nation of fiji. a court has ordered the detainment of the yacht. the u.s. has a warrant to seize the vessel as part of sanctions imposed following russia's invasion of ukraine. 24 hours a day on bloomberg quicktake powered by more than 2700 journalists in more than 12

this is bloomberg. a >> welcome to bloomberg markets. romaine: here the top stories we are following. jobs day here in the united states. or than 400,000 people suggesting recovery in the labor market. we will speak to one restaurant tour on the tactics the industry is taking. china stocks trading in the u.s. are rallying. authorities in beijing are closer to resolving a dispute with securities regulators in washington. >> let's start with a quick check of the major averages. the first day of the new month and quarter. in the first quarter, it was the roughest we have seen in a couple of years. we did see a healthy rally for some of the hardest hit stocks from the midpoint of march into the end of the month. some cautiousness as we start the new month of trading especially given what we sell with the jobs report today which adds to the idea of an aggressive u.s. fed going forward. let's talk more about the jobs highlights. the payrolls number coming in at 431,000. we saw a revision for the month of february. the average hourly earnings s

this is bloomberg. shery: after the worst quarter since 2008, credit markets are on pace for the biggest annual loss ever as the fed rushes to sustain inflation. we will get the view from credit suisse. and the rba is under pressure to begin tightening as the fuel prices go higher. we will look at this with katrina ell. this is bloomberg. ♪ >> is a white-hot labor market. >> the labor market is white-hard. >> the economy is red-hot. the labor market is red-hot. >>. >> this is an economy and labor market that is overheating. the fed has to accelerate. >> the fed has been behind the curve. >> probably around 100 basis points behind the curve. >> it makes sense to get some 50's in when you have an economy that is moderating. >> we are going to see slower economic growth and fed rate hikes. >> i think they will do that in the next couple of meetings. >> the fed is expected to hike much more aggressively than it did in the previous cycle. >> today's report only will reaffirm that view. haidi: our guests ea

this is bloomberg. ♪ manus: this is bloomberg "daybreak: europe." and missing estimates in the first quarter, completing long-running exit operations in russia. it's talking with the ucb for new buyback program. frank, good to have you with us. the market will want to know more about your plans for a buyback. when can we expect that buyback to happen, in the discussion with the ecb, if 4 billion is what is expected for this year, what can we reasonably expect from you? frank: good morning. we have a very strong capital base and probably one of the strongest in europe. and continue to have strong earnings, and following our policy we try to distribute 60% of our earnings and the rest is distributed by buybacks. it would be like a normal tool that we intend to use going forward. this year we have itemized the first 2 billion and were executing on the second program of one billion and were discussing as you also mentioned , getting approval of a follow-on program in the second half of the year. dani: how big with that follow-on program be? frank: let m

this is bloomberg. ♪ david: welcome back. you are watching bloomberg markets. equity markets. hong kong. mainland, the fx space. everything else on the others either this one. a steady climb in the u.s. dollar. the bloomberg dollar index is headed for its best month in 10 years. there we go. there is weakness in the euro, an energy crisis in europe, and the yen, boj, what it can and should do as far as the currency and yield curve is concerned. all of that. we welcome our guest now. he will talk us through this. first, pleasure to have you. good morning. thank you for getting up early. let's start with the fx space. all the volatility we are seeing as far as that is concerned. what are you telling your clients on currency exposure now? >> now, we are focused on the dollar. there is more dollar strength coming in the summer months because there is only one name in town, the fed, as we move into may, june, july as well. and so, the pressure on the dollar to be up will carry through the early part of summer, we think. david: ok, you are in europe. from the other side to that, do

bloomberg, founder of bloomberg lp and bloomberg philanthropies. coming up, treasuries in their worst selloff in more than two decades. we look at the outlook, next. this is bloomberg. ♪ shery: it is time for morning cause ahead of the issue trading day. u.s. bonds and stocks are too sanguine on the economy according to morgan stanley's strategist p he says the stock market -- strategist. he says the stock market could have a slowdown. it suggests growth is not only fine but likely to remain robust. he says cyclical stocks will be most at risk in a reversal. chinese stocks, investors are looking past the current covid lockdowns according to goldman sachs. the markets are instead focusing on hopes of more aggressive and decisive policy easing and this of course on the areas where this might be the most noticeable including property developers and some infrastructure related names, paul. paul: thanks. we are getting a little bit of breaking news on the bloomberg terminal the moment from handel group, rejecting perpetual's indicative take over propo

this is bloomberg. ♪ is bloomberg. ♪ this is xfinity rewards. our way of saying thanks, with rewards for the whole family! from epic trips... to the original jurassic park... on us. join over 3 million members and start enjoying rewards like these, and so much more in the xfinity app! and check out jurassic world: dominion, in theaters june 10th. >> from the heart of where innovation, money, and power collide, in silicon valley and beyond. this is "bloomberg technology" with emily chang. emily: i'm emily in san francisco and this is "bloomberg technology." coming up in the next hour, it's official. elon musk has agreed to buy twitter for $44 billion. the world's richest man will soon be in charge of one of the

this is bloomberg. ♪ bloomberg. ♪ shery: we have an alert on the bloomberg. we are getting the pmi, another month of contraction territory. the march number coming in at 42, easing more than the previous month at 42.9. we have seen easing of quarantines and restrictions in the omicron outbreak really derailed that momentum in the hong kong economy for the first quarter of the year. we are expecting to see some of those restrictions and countermeasures for covid being eased further starting april 21, but still far from march. the pmi number coming in for a period month under that threshold at 42. haidi: shanghai reporting a record number of new covid infections again. cases rising to 17,000 for tuesday. the latest on the country's battle against the virus. let's bring in our managing editor emma o'brien. we continue to see prices where omicron has taken old this surge in cases. in terms of china's management, what's going on in shanghai, where we out with these so-called stagger, but not really, in a practical sense, lockdown. >> the lockdown, in effect, has b

this is bloomberg. ♪ dani: welcome back to bloomberg daybreak: europe. china central bank has announced a state of measures to help the economy which have been hit by strict covid lockdowns. many major cities trying to control that fast covid outbreak. i, head of equity strategy is still with us. before asking anything on china, i know manus has asked specifically on china bonds, i think you have to kick off without. manus: i found a fact in the brakes, anita says -- she is part than i am. china is slowing down, grappling with zero covid, with small, incremental costs. one thing that caught my eye, you been long on chinese treasury, you quite like them, that yield you're getting is dissipating to almost zero. global selling, -- global selling of treasuries is at the fastest pace since 2015. are you bathing on your china deposition. anita: i would not recommend are -- our positioning. what i would like to say is that the reason we are in market equities right now, the growth differential between emerging markets in developed markets is not there this year

this is bloomberg. shery. shery: still ahead, we will discuss opportunities in energy tourism and trade as economies emerge from the pandemic. western australia's deputy premier joins us later this hour. first, a recession may be looming. not all downturns are equal and there could be opportunities ahead. this is bloomberg. ♪ >> we do not have a policy rule for everything. we don't have one for every industry. it's a very brute force hammer that we use on the economy. when you have to use a brute force tool, sometimes there is some collateral damage that happens. we are trying to do this in a way that there is not much of it. you cannot taylor policy. shery: christopher -- tailor policy. shery: christopher waller. we continue to see the bond space really reacting with that rout continuing. the australian 10 year yield topping 3% for the first time since 2015. we are seeing the kiwi 10 year yield continuing to rise to that teen high end of hours, the 10 year yield here in the u.s., treasuries above to 75 for

this is bloomberg. ♪ kailey: let's get back to the impact of the fresh sanctions announced by the u.s., u.k., the european union, and allies. freya beamish, head of research at ts lombard is joining us. let's talk about what was not included today. that is, sanctions on energy from the european union. i don't know if you can count coal, but oil and gas, still not a card that has been played. is that the only thing standing between the european union and a recession? fre -- freya: it depends on how you define recession. i think there is probably still q3, which is relatively strong as a result of pent-up demand released in services, but other than that there is no clear growth driver to me for the euro area. i think consensus really is going through a bit of a deer in headlights phenomenon, with all of the different moving parts. if you take a very simple approach and realize that the long impact of the current energy price shock could be as much as 5% -- and that is including 5% off of gdp, that is in

this is bloomberg. ♪ this is bloomberg. ♪ kailey: this is "bloomberg markets." jack bloom joining bloomberg's balanced power. this is bloomberg. ♪ ♪ kailey: the coronavirus outbreak keeps growing. a news agency said the economy still has many strategic advantages. china set a growth target of 5.5% for the year. yellen will participate in some sessions with the group of 20. the u.s. is backing off any suggestion that it would boycott g-20 meetings if russia takes part. yellen will attend on the economic fallout. and in ukraine, president volodymyr zelenskyy says a long anticipated russian defense has begun. forces are said to be targeting the donbas region in the eastern part of the region. global news 24 hours a day, on air and at bloomberg quicktake, powered by more than 2700 journalists and analysts in more than 120 countries. kailey: thank you. speaking of russia's invasion of ukraine, it has driven the imf to slash growth, cutting its global forecast this year from 4.4% down to 3.6%. u.s. expansion was cut by .3 to 2.3%. with us now is the imf's new chie

this is bloomberg. ♪ is is bloomberg. ♪ kriti: this is "bloomberg markets." the u.s. consumer is holding strong amid inflation rises in interest rate hikes. that is according to bank of america's ceo spoke last hour with our own david westin. they also discussed the direction of the whole economy. brian: our core estimate in our research team, one of the best in the businesses, is 3.3% for 2022 and 1.8% for next year. that includes significant rate rises by the fed, so there is a belief there that the fed gets it right, that they have a soft landing, that they return to trend growth as the saying would go. there is debate around that. while they have to engineer a harder landing because of the amount of inflation in the system has to be pulled back. into the second point, what is different this time than say the last rate cycle where they moved up in the 18 to 19 rates, even though unemployment is down, at that point, 19 wages were not growing fast, wages were growing very fast. customers had money in their accounts but not like today because of the stimulus dollars.

this is bloomberg. ♪ ritika: this is bloomberg markets. you are looking at a live shot of the principal room. coming up, dr. fauci joining bloomberg television and radio. this is bloomberg. ritika: keeping you up-to-date with news from around the world, here is the first word. the u.s. and eu are preparing to impose more sanctions on russia after the discovery of those alleged atrocities in ukrainian towns abandoned by retreating russian forces. according to the white house, penalties will be increased on financial institutions and state-owned enterprises, plus sanctions will be placed upon unspecified russian officials and their families. a veteran hong kong official plans to run for the city's top job. jon li's announcement is a sign that beijing wants to deepen its crack on dissent. media reports that china's liaison office has said lee has aging's blessing to succeed. china has reported more than 20,000 new cases of coronavirus tuesday. the increase was driven by surging infections in shanghai. authorities are building the world's larg

this is bloomberg. shery: still ahead, we speak with a guest about the likely scenarios in the ukraine war. up next, a look at the fed's policy roadmap. this is bloomberg. ♪ >> the policies of the sanctions continue until president putin is no longer there. >> there is a lot of support for equity markets right now. >> when we look at the historical model, it is challenged going forward. >> we see all agility starting to abate. >> we think that inflation is peaking right about now. >> asset classes tend to perform well equities, alternative assets, real estate. >> looking to alternatives as a tool is critical. >> one of the highest returns i have seen is invested -- investing distressed in china specifically. what the china capital market is completely open. >> there geographies that will stand out. the u.s. is going to be the best backdrop. >> some guests there at the bloomberg wealth summit. our next guest says the fed is going to have a hard time managing soft landing. always good to have you with u

westin on bloomberg television and bloomberg radio. that conversation is coming up. this is bloomberg. ♪ >> from the world of politics to the world of business, 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." we will start today with a check on the markets. joining us is abigail doolittle. everything is down today, stocks are down, bonds are down, oil is down. abigail: we had the everything rally, now we have the everything selloff. the s&p down 1%, the nasdaq at one point down about 2%. oil down 3.6%. the big one is bonds. the selloff is incredible. the 10 year yield at 2.77, up another seven basis points. the two euro yield, which had been selling off, they are now rallying. that

this is bloomberg. ♪ jon: this is "bloomberg markets." matt, i know you wanted to have this conversation. rental car giant, hertz, agreeing to buy 65,000 electric vehicles from polestar, the bet being made is that customers are eager to drive electric vehicles beyond brands like tesla. joining us now is the hertz ceo and the polestar ceo. i know you have had obviously these large goals to become the dominant player with your electric vehicle fleet in north america. how does this get you towards the goal? >> it's moving in that direction. we are looking to build out the largest electric fleet in north america, adding to what we had purchased and will continue to purchase from tesla, putting us on that journey. polestar has really developed an impressive automobile and to add 65,000 over the next several years will put us on a position where we can diversify the fleet and diversify what the customers are looking for. individuals looking to fulfill their own carbon foot objectives -- footprint objectives for services like uber. >> i think it

this is bloomberg. ♪ emily: welcome back to "bloomberg technology." potentially huge news from twitter, or is it news that all? it is tweeting it is working on an editing button. april fools' day appeared is it a joke -- april fools' day. it is a joke? >> it is a joke. emily: this is what i want. it is a joke. twitter has resisted for years, so why do it now on april fool'' day? even investors think it is a joke. that does it for this edition of "bloomberg technology." -- we will have to see tomorrow. yes, you were prayer pairing -- you are preparing is not to fall for it. china tech stocks. beijing potentially giving u.s. regulators to the full access of auditing reports of 200 plus chinese companies listed in new york. what would be the significance of this? >> yeah, yeah, u.s. listed of chinese tech companies, right, the golden dragon china index almost a 5%, lots of names on the move, 69 out of 81 in positive territory, some of the names, alibaba, baidu, all companies that have struggled with this concept of whether they would be delisted because

this is "bloomberg surveillance" on bloomberg radio and bloomberg television. jon ferro, tom would say, is on sabbatical. i will say it is vacation. kailey leinz is with us this morning. we've got the q1 earnings kicking off, the ecb meeting on thursday. how much is the scenes that are really 10-year gilts rising to the highest going back to 2019? tom: all we have done is set the table this morning. one is that in flirt -- is that important inflation report tomorrow. there is some data. all you have to do is look at the headline data, 8.4%. i guess that is a boom nominal gdp for a while, but then what? lisa: is it headed upward? how much upward? or is this the plateau, the peak? wednesday's earnings kickoff may be more important to markets given the forward look then even the cpi report. tom: there is a great division here. there's people looking at an average 5% earnings growth, people who underplayed it. mike wilson's they very cautious note over the weekend -- mike wilson with a very cautious note over the weekend of morgan stanley. to me it comes down to th

this is bloomberg. ♪ >> headlines. gucci sales rose, missing estimates as lockdowns and china weighed on the performance of the biggest brand. sales generated over half of the revenue, the rose about 13%. analysts had predicted a gain of almost 19%. the figures follow strong results from lvmh and hermes last week. disney is set to lose some of its parks in florida, with the state legislature clearing a measure to strip it of its privileges. governor ron desantis is now going to sign the legislation cup which will end an arrangement that allowed disney to govern its own municipal functions for more than 50 years. disney is, florida's biggest employers with over 70,000 local workers. bank of america is moving some of its dealmakers to singapore from hong kong temporarily, including its cohead of asia consumer and retail investment banking. some senior m&a staff are also relocating. hong kong's pursuit of covid zero is dampening activity in the city. singapore has dropped all virus restrictions. it seems like whether ther

bloomberg's sam fazeli. this is bloomberg. ♪ guy: to date not that macro focused, but it is a busy week of economic data in the united states. we also have a fair amount of fed speak. joining us is ira jersey, chief u.s. rate strategist with bloomberg intelligence. lael brainard will speak tomorrow. where is she going to fit in the spectrum of fed's speakers? ira: she has tended to be more dovish than some members. certainly members like james bullard from the st. louis federal reserve. i think she will still say we have to get inflation under control. we are not on a preset path will stop even if we might go 50 at some point, we might not go multiple 50's. that is one of the interesting aspects. the market is still pricing for a very aggressive that. -- a very aggressive fed. kriti: pricing in an aggressive fed. talk about what the economic data actually shows. there are fears that does the fed make a policy mistake that could plunge the economy into a recession. does the data support that? ira: there are

this is bloomberg. ♪ oomberg. ♪ >> it is probably about 50%. usually about 60%, but about 50%. but an important point to me is how deep a recession. i think the odds of a really deep recession, you know some people are raising those shades of paul volcker and the deep recession we had than. i think that is very, very unlikely. extremely unlikely. shery: that former fed vice chair on the possibility of a u.s. recession. our next guest says equities can do fine if the fed hikes are slow-and-steady. with us is ellen hayes and, chief market strategist at putnam investment management. good to have you with us. you have the likes of deutsche bank saying that we could see the most aggressive tightening since the 1980's. how are you positioning in terms of a recessionary outlook in your market allocations? ellen: so, looking at 2022, we don't think a recession is likely this year. but no question, the stakes have become higher even in the last few weeks as we have seen at the federal reserve become more haw

this is bloomberg. ♪ this is bloomberg. ♪ paul: a bloomberg source says elon musk has been meeting with twitter executives today in a sign the social media company is become more receptive to his $43 billion takeover offer. su keenan joins us with the latest. while the twitter board initially adopted a poison pill strategy, has there been a change? su: it certainly looks this way. this meeting comes just days after elon musk filed his financing plan. that made his hostile bid very real, and the board team also met with key twitter shareholders. people close to the matter are telling bloomberg that twitter is generally more receptive now to discussing a deal than it was previously. of course we are not getting a direct comment from twitter. the wall street journal quoted people close to the matter earlier as saying musk did meet privately over zoom to shareholders to pitch his proposal. the paper also said musk told the twitter chairman brett taylor recently he will not adjust his $54.20 a share offered when he made his bid on april 14. he called it his best and final. observers note the

coming up hershey's ceo joins bloomberg tv. this is bloomberg. keeping you up-to-date with the news around the world, here is the first word. in germany, lawmakers are urging the government to quickly supply ukraine with heavy weapons and other equipment. emotion and parliament thursday night called for an end to imports of russian oil. olaf scholz has faced criticism to do more to help ukraine. moderna has asked u.n. regulators for a mark -- u.s. regulators for emergency authorization for its covid vaccine for kids under six months to under six years. a successful trial shows that two doses generate antibodies. there is no vaccine approved for those under five. chris paul is the future nba hall of famer and also a businessman and investor looking for smart ideas and advice on business. leadership and growth. he is bringing that search to bloomberg quicktake and his new show "how i got here." this year he visits an entertainment studio to hear about the climb from young comic start to media mogul. he said how he rule up on the and vp and built hi

from new york, this is bloomberg. ritika: keeping you up to date with news from around the world, with the first word, i'm ritika gupta. bloomberg has learned the eu will propose a mandatory phaseout of russia's coal imports, a direct response to reports that russian troops committed apparent war crimes in ukraine. the european commission is also expecting to propose banning most russian trucks and ships from entering the bloc. the u.s. treasury is increasing pressure on moscow to find alternative ways to pay bond investors. authorities have halted dollar debt payments from russian government accounts at u.s. banks. russia now has three options. drain dollar reserves it holds, spending new revenue, or going into default. the u.s. senate has set ketanji brown jackson on the path for confirmation. jackson's confirmation is all but certain now. three republicans say they will vote in favor. the black boxes from that china boeing crash have now been sent over to the u.s. did you flight recorders have become central to sol

this is bloomberg. haidi: still ahead a former star , joins us to talk about equality or the lack of it in the halls of power. the yield curve inversion should show caution but does not signal recession. we will discuss more. this is bloomberg. ♪ >> the fed governors are speaking more hawkish leave. >> we've heard from others over the last week or so. >> 50 basis point rate hikes are in fact on the table. >> they are likely to go 50 basis points in may. >> more than one is in fact possible. >> the market is welcoming these hikes. >> may 4 meeting. >> and the need to start cutting down. >> certainly not an easy position for the fed. >> they are trying to keep this forward guidance here. >> trying to re-anchor inflation expectations and trying so hard to get a soft landing and retain inflation cut ability. >> the job of orchestrating a soft landing is going to be difficult. shery: some guests on bloomberg tv. take a look at we continue to see that global bond ground right now, the tenure at the highest

this is bloomberg. ♪ quicktime for another bloomberg/. there is a new twist. an indication of interest. southwest will now explore other options. the evergreen container ship for more than a month is moving again. several attempts. they offloaded some continues to lighten the load. elon musk messing with investors over the weekend with a tweet saying love me tender. it could have been that he was listening to elvis pressley, but it could also be referring to a tender offer. >> elon musk making more news. he said board salaries would be zero dollars, if twitter did succeed. that would be about $3 million a year in savings. give us some context around this statement. quest twitter's board of directors earn a salary, right? it is part of their compensation for a part-time position that ranges from $200,000 to $300,000 a year. over the weekend, there was a tweet about a table of the direct, not only about salary compensation, but also a thin volume of shares that the board held. his point being that no matter how fractional, that conversation would be trimmed. >>

this is bloomberg. ♪ >> welcome to ""bloomberg markets." europe. mark cudmore joins us in singapore to take us through the market action. cash trade less than one hour away. here are the top headlines. time to shrink. the fate lays out plans to reduce the balance sheet by $1 trillion a year. stocks slumped, record yields drop as the market beds drive

this is bloomberg. haslinda: still ahead on bloomberg markets: asia, we will gauge the effect of pakistan's political and economic crisis on women. who already face low wages and limited legal protections. human rights activist joins us later. keep it here with us. this is bloomberg. ♪ >> yesterday i returned from our city, recently liberated from russian troops. not far from kyiv, so there is not a single crime that they would not commit there. the russian military's search purposely killed anyone who served our country. >> the french president made it clear yesterday that he wants open that she was open to extensive sanctions. we will see what the position of the other number states will be. but i think that there is a possibility to have unity on these new sanctions and i hope -- the position of other states that we keep the position of the french politicians very clear. haslinda: that was ukrainian president and french finance minister on the latest attacks in ukraine. rishaad: ok. let's find out

this is bloomberg bloomberg dani: this is "bloomberg daybreak: europe." these are the stories that set your agenda. massive oil release. president biden is tapping the strategic petroleum reserve. moscow says russia will continue supplying gas to europe as they continue demanding payment in rubles. plus we assess the damage from a tough quarter for investors in the economy. we discussed with mohamed a el-erian. it is friday and it is the first day of a new quarter, a historically bad quarter across the board. let's see how they are shaping up for the first day of the second quarter. you are seeing some bond selling and yields pushing higher by four basis points so the 10 year yield and nymex crude at $99 a barrel. that is huge after the u.s. announced an spr release and there is a weakness for the yen. developed countries are under unprecedented pressure as the covid pandemic shows signs of easing but they are being squeezed by more supply chain issues, inflation, and all of that stalling growth prospects. plus all of those are topics that are being discu

this is bloomberg. paul: expert advice on how to value and manage carbon assets as an asset. that is coming up later on. rapid declines in the yuan adding another dimension to the selloff and the strategies for site inflation. this is bloomberg. ♪ >> the chinese element of the store is dominating. >> china is continuing to be very strict. >> a big policy ever. >> intensifying across the board. >> stocks running out of steam. >> china is one of the factors. >> all of the cyclical dynamics are unprecedented. >> that added to inflation. >> it is hard to make long calls. shery: some of the conversations we had on bloomberg tv. our next guest says the rapid decline in the yuan as another dimension to the selloff and sees outflows in bonds and equities. the head of asia strategy, it is good to have you with us, the chart on the bloomberg showing the outflows from chinese capital markets. hitting a record high, will valuations help here? >> first evolved, what we are seeing is more outflow today than we had

this is bloomberg. haidi: tsmc set to return earnings later after posting record revenue earlier this month. we discuss what to expect. the latest u.s. inflation data shows signs that pricing pressures may be peaking. we break that down for the markets. this is bloomberg. ♪ >> we will try to reach a strong labor market by bringing inflation down. it has been done in the past. it's not an impossible combination. but it will require skill and hard work. that's what they will try to accomplish. shery: our next guest says inflation is probably peaking now but remains cautious and patient on the market. we discuss with michael vogelzang. it was interesting to see the market reaction today. producer inflation jumping. what data pointer investors watching? michael: yeah. many of them. it depends on day-to-day, hour to hour. that's the real challenge. it's a difficult problem with inflation today because we have two ways of inflation. the first being from covid and the reopening of the economy. when everythin

[laughter] jonathan: this is bloomberg. ritika: keeping you up to date with news from around the world, with the first word, i'm ritika gupta. bloomberg has learned twitter is on track to reach a deal with elon musk on the $43 billion takeover offer as early as today. still the talks are set to be fluid and a deal could be delayed or fall apart. twitter had previously considered supporting that attempt. u.s. secretary of state antony blinken and defense secretary lloyd austin met with ukraine's president volodymyr zelenskyy in kyiv sunday night, the highest level visit since russia invaded. the u.s. promised ukraine more military aid and said they cannot attempt a repeat of the war. in france, voters have given emmanuel macron a second term, winning more than 58% of the vote, but his 17 point margin was barely half of what it was back in 2017, and many voted for macron just to keep le pen out rather than because they are enthusiastic about macron's vision. a rising number of cases in beijing has sparked jitters about an unp

this is bloomberg. ♪ bloomberg. ♪ shery: u.s. equities and bonds fell as traders weigh a new round of sanctions on russia. our next guest expect the macroenvironment to remain challenging but does not see a u.s. recession this year. now with us is laila pence. always great having you with us. does that mean the market should start pricing in a few 50 basis point hikes? laila: yes. we are expecting a 50 basis point in may and june. then we think they will wait and see what happens, but there will still be additional increases at the end of the year. inflation is running high, and the market is expecting that. shery: so when you have this environment of rising yields, perhaps faster fed rate hikes, with bigger hikes as well, how do you hedge? laila: well, you just have to wait it out. you have to be selective of what companies you own. you cannot just buy the market as a whole. it's a stock by stock selection. but we still expect 3% gdp. for the longest time we were happy with 2% gdp. now we expect even with higher interest rates,

welcome to "bloomberg's daybreak: asia." our top story, japan's inflation can top 1% for the first time since 2018. elon musk says he has lined up new the $47 billion to pay for twitter and signals he could be prepared to pay more. many in limbo as officials -- for pursuing the ipo is 2 billion. >> a lot of volatility in the u.s. session, a gain -- the nasdaq 100 losing about 2%. the futures at the moment under a little bit of pressure we see the 10 year yield rising at the 2.9% level. we are seeing crude fall from the three are high, there are some supply concerns from asia. it was really to do with those treasury yields spiking again. take a look at the charts on bloomberg, it was led again by the front and, that is the policy sensitive and, the past year or so we have seen about 11 times when the two year yield moves higher more than 10 basis points now being the highest since 2018, not surprising, haidi, given that we had heard from jay powell about a potential 50 basis points hike at the next meeting. >> they are now pr

this is bloomberg. ♪ rishaad: this is bloomberg markets. we have this president saying he will not resign after his government was left with a minority in parliament. this could also hinder its ability to meet its debt obligations. walk us through the latest developments there and what did they really tell us? >> the crisis continues to worsen on the political side. our colors are reporting that the government continues to suffer from forced resignations. of course, that is one of the essential concerns i had looking at the economic crisis at the moment. they are looking at food shortages and inflation. suddenly after being appointed and the prime minister trying to hang onto all of it, it also adjusts that this crisis continues to get even more complicated than it has been. that does not suggest any near-term circuit breaker. >> how will investors respond when they know the sri lankan rubies at the lowest level on record. >> that is right, bonds also selling off. i think the critical question investors have been looking at is if sri lanka

this is bloomberg. shery: coming up on daybreak: asia, we speak to a former astronaut who was the second ever japanese woman to go to space. how the country's corporations are contributing to the effort. first, why the pandemic will force china into significant fiscal and monetary moves to shore up the economy. we discussed that next. this is bloomberg. ♪ >> i think that it will take time because there other things going on in the economy that are adding to price pressures including the commodity price increases and energy increases that are happening. i think inflation will remain above 2% this year and next year. trajectory will be that it will be moving down. shery: inflation remitting front and center this week as the war in ukraine continues to add to price pressures. we will get updated numbers from china and the u.s. where we may see cpi hit a fresh four decade high ahead of a number said -- a number of central bank decisions. the cost of living a major issue in of the french presidential elect

this is bloomberg. ♪ matt: this is "bloomberg markets ." time for the stock of the hour. it has to be jp morgan today. kicking of bank earnings. the shares are lower by more than 3% after the results were clouded by a loss of $524 million tied to volatility caused by russia's invasion of ukraine. sonali basak is here with more. it seems like almost every bank is reporting tomorrow. but was the opening salvo like for jp morgan? sonali: bank of america on monday. four tomorrow. it will be a long day. goldman sachs and morgan stanley reporting at the same time. that will be a lot to absorb. we want to see competitive training here -- trading here. it did not fall near as anyone expected. it only fell about 1% which is good for goldman. matt: we were looking for a drop in the beak the street's estimates by like $1 billion. sonali: that's a good sign, especially currencies and emerging arc is for really solid gains. citigroup is another place that could bode well for trading if they are able to keep those numbers. the other thing jp morgan said

this is bloomberg. ♪ kriti: this is bloomberg markets. we were just talking about twitter gaining today after reports that is in the final stretch of negotiations for a $43 billion sale to elon musk. let's bring in shelley. this could rank as one of the biggest ever celebrity buyouts of a listed company. >> let's take a look at how big this deal is. another deal announced this year by blackstone, this is a $71 billion deal. but you have to go back to txu before the financial crisis with a more than $40 billion deal. there is a chance that with a bigger equity portion of this check that twitter could succeed txu. it would be the second-biggest deal of all time if you count atlantia. a lot of these deals happened before 2008. that was late stage behavior. the texture of private equity since then has changed. another big factor is you have major billionaires able to put in more money outside the deal. we want to talk about this more with nate taylor, head of private equity in an exclusive interview because his business raised a record fund a

this is bloomberg. ♪ kriti: this is "bloomberg markets." i'm kriti gupta. something that caught my eye, two things that usually don't go together, crypto and mortgages. a lot of the crypto volatility we saw early on, five, six, 10 years ago, elon has dissipated. --a lot has dissipated. does that make it a more acceptable currency, a commodity? something that is starting to seep into the real-estate market and we are seeing mortgages secured in part by bitcoin holdings, in theory him -- ethet reum holdings. there was a question about what happens with future mortgages. can you secure a mortgage with something that is so volatile and which some people have said could go as high as 100,000 per dollar to zero? coming up, it's a mixed bag for earnings. we will talk about canadian oil sands and the fall of boeing. this is bloomberg. ♪ as a business owner, your bottom line is always top of mind. so start saving by switching to the mobile service designed for small business: comcast business mobile. flexible data plans mean you can get unlimited data or pay by th

this is bloomberg. ♪ jon: this is "bloomberg markets." for what it's worth, how about 44 billion dollars? that is what elon musk thinks twitter is worth after the blockbuster announcement yesterday and we have been getting a lot of reactions to that price tag and the deal. have a listen. >> the offer, accepted. the biggest criticism of twitter over the balance of the last decade or so, the company has had a public company, has been that frankly they haven't innovated much in the platform is essentially the same as it was. the biggest question is how did the board buy into this? ultimately they had no backup. this tells you how weak the company was. >> i'm more interested in knowing who's going to run the company, how will they be investing, how is the platform going to change? it >> i'm excited to see what he's planning for the private company, he's a visionary and i'm excited to see how it plays out. jon: we obviously have a tremendous deals team at newburgh and many of those bankers saying they have never seen this kind of speed, going

this is bloomberg. david: for our bloomberg television and radio audience wide, and our special guest dr. anthony fouts he is with us, director of the national institute of allergy and infectious diseases. thank you for being back with us. what are the prospects for another wave of this covid-19, whether it be some other sub variant, given the level of immunity we believe we have in the country today? >>>> to accurately predict for the following reason. you are correct that when you combine the immunity that many people have following infection with the immunity that people have been vaccinated and hopefully boost it have, there is a significant amount of background immunity. we know that the omicron da-2 - omicron is highly transmissible and the da-2 has a transmission advantage. if you look at what happens in other countries, we usually follow their pattern. take the u.k. as an example. they have ba2 and they've done to other things. they have the virus we have in our country, about 75% are ba@. they'

this is bloomberg. >> look -- still ahead, we will discuss the yen as a currency. it is focusing on high-quality companies with strong balance sheets and -- flow. this is bloomberg. ♪ >> obviously if inflation for some reason began to reaccelerate, i think that would be a cause of great concern. i think that, you know, on a path that included these nine increases for this year by december, on the way to december, you would be looking for any confirmation of the storyline. shery: chicago fed president charlie evans. stocks trading at high valuations against the backdrop of rising inflation and rising rates as well. joining us is the chairman of investments. a great to have you. we keep hearing this term unprecedented to describe the myriad risks we are addressing at the moment as investors. is there a way to sidestep that? >> we invest in what we consider good companies, strong balance sheets, strong cash flows. and run by management who is very competent and whose interests are aligned with shareholde

this is bloomberg. ♪ this is bloomberg. ♪ >> when the price of anything goes up, -- most of all when it comes to food. in 2010, surging food prices helped spark the arab spring, the consequences are still with us. once again, food prices are rising, fast. energy costs, broken supply chains and is surging demand for some of the factors that have driven food prices to their first record high since the arab spring. that was before oh war between the world's two biggest food producers. ukraine is the bad breath -- breadbasket of your. they produce more than half of the world sunflower seeds and oils of nearly 20% of barley. amid rising energy prices, transporting, even refrigerating for goods more expensive. fertilizer production is energy intensive. prices rise even more. the pandemic revealed how complicated and fragile global trade systems are. global agriculture, even more so. unlike metals, food goes bad. crops take months to grow and are vulnerable to unpredictability. rising food prices will be felt everywhere, force countries will be hit hardest. the real fear is that record high

this is bloomberg. ♪ >> time for the bloomberg business flash, the biggest business stories right now. the world's second largest container line expects a strong market to continue, and it has raised its outlook after reporting a strong january to march period. supply chain tour moral test terminal has exhausted capacity. the u.s. is leaning on traders. and there has been better-than-expected profit in the first quarter. the war in ukraine has driven revenue to a record. fidelity is bringing crypto to his workplace retirement plans. they say they will have a product ready to allow 401k participants to directed portion of their savings into bitcoin. employers will choose which percentage of an checkout can be put towards crypto. kailey: thank you. i think that this is such a fascinating and kind of big deal in the crypto space, because obviously fidelity is not saying you can put your entire 401(k) into digital assets, there is a cap, but just the ability to do so would be quite a development. i wonder if the audience of this will be skewing to the younger side, considering this is sti