manus: alice atkins in london. coming up on the show, bull market impacting metals is over for now according to goldman sachs. right here on bloomberg. ♪ manus: welcome back. 52 minutes into your witty trading session in europe. later on its feet because of mario day. and many in the u.k. offer the queen's jubilee. it reprieve from cases in shanghai. that trifecta of narrative is bullish for equities and there is a sense of exhaustion in terms of the downside. and it comes to the flow of money, $20 billion rocked home into the global equity market last week according to a bank of america survey. the dollar is lighter, down 0.2%. the narrative builds that you may have a pause from the fed. could it cause the dollar to rollover materially? goldman sachs has scribed a new piece. on batteries. investors wanting exposure to green energy transition got in too quickly. greed is not good. my colleague, paul wallace is here. one week they write a note saying there is a scarcity of everything. jeff curry said we could not

alice atkins here in london. coming up, more analysis of how china's zero covid policy is impacting the world economy and global supply chains. that is next. this is bloomberg. ♪ >> we are not immune to these challenges but we have great confidence and our team, our products and services, and our strategy. >> supply chain disruptions, the lingering effects of covid, including lockdowns in china, have an impact on the economy and is this confidence. >> we should be able to manage from a supply chain perspective. >> for production shutdowns to extend into may, there would be further negative impact on those supply constraint positions. >> we are seeing green shoes with the government indicating cases are coming down and so far it has been minimal impact. >> we see no reason to slow it down despite some short-term dislocation because of the omicron variant. overall, we remain big china bulls. dani: executives discussing the situation in china. let's continue the discussion with our guest this half-hour. i was look

i am alice atkins. this is bloomberg. francine: coming up, as china reports the fewest new covid cases in almost three months it looks to lift its faltering economy but also produce fresh inflation turmoil. will discuss chinese and world inflation, next. this is bloomberg. ♪ francine: this is "bloomberg markets." i am francine lacqua in london. volatility in the oil market continues. the saudi aramco chief executive set the market is running short on capacity. i spoke with him at the world economic forum. amin: we have seen a strong pickup in demand. a lot were surprised to see that much demand pickup after covid as economy started to open. we are seeing in different countries, different demand patterns. receiving more pickup on transport fuels -- we are seeing more pickup on transport fuels. some areas where there are lockdowns there is still an effect on demand but the market in general is well supplied. francine: could you see a situation where there is so much demand there is not enough supply and the price of oil s

let's get the bloomberg business flash with alice atkins. >> apple is lang to keep iphone production roughly flat in 2022 amid concerns that the year is increasingly challenging for the smartphone industry. the company is asking suppliers to keep at 220 million iphones. this is amid the supply chain turmoil and the work in ukraine. apple declined to comment on the outlook, which could change depending on supply chain constraints. elon musk is dropping plans for his purchase for twitter with a margin of the lows in his tesla stake. he is increasing the size of the deal to $33.5 billion. -- given the recent slide in tesla stock price. nvidia tumbled in late trade after sales for the current quarter were likely to miss projections. revenue is expected to be around $8.1 billion. china and ukraine are both weighing on its bottom line. figures in the first quarter. -- they saw growth in the first quarter. organized data in the cloud and data sales forecast show that it is raising concerns about the corporate spending on information technology. that is your bloomberg business flash. tom: th

alice atkins. the s&p 500 set to see first weekly gain after the eight weeks of losses. we will discuss retail numbers and investor sentiment, next. this is bloomberg. ♪ ♪ >> we cannot really think about energy without also thinking about energy security. >> you have a world that's 100 million dollars or more with basically no -- >> to go out from dependency of fossil fuels. >> i think individual countries are going to cut back. >> it is appropriate, i think, to have a gas transition for a short period, for someperiod of time while you bring technology to scale. >> a transition in energy takes probably three decades so please do not slowdown. >> it is not building more wind and more solar. >> hydrocarbon will always be part of the energy over the longer-term. >> we have gone from a one dimensional equation to bring carbon down to a three dimensional equation. francine: those were some of the guests we were talking about at davos. if davos is too optimistic in january, we will see a recession in the next 12 months. that used to be the joke. but there's very little com