. ♪♪ >> quinn: oh, i have an idea. >> eric: what? >> quinn: why don't we have lunch together later? somewhere near the office? >> eric: i'm not available. i have an appointment. >> quinn: are you going to the club again? >> eric: yes, i am. >> quinn: oh. okay, well, normally, i would be disappointed, but i love how committed you are to exercising and pickleball, and--and you're still wearing the ring i gave you. >> eric: yes, of course i am. it was a gift from my beautiful, talented wife. >> quinn: well, i guess i'll just see you later at the office then. >> eric: okay. >> quinn: i love you. [chuckles] [door closes]

. >> quinn: aw, i'm sure steffy felt the same way. >> eric: yeah. >> quinn: although, it must have been bittersweet, given what happened to finn, knowing that their family isn't going to be whole again, not the way it used to be. >> eric: it's just such a senseless tragedy, findhat scumbag that did it. >> quinn: steffy still can't remember who shot her and finn? >> eric: no, but it's just a matter of time. >> quinn: ugh. [ phone chiming ] unless the memory is so traumatic that she never regains it, you know? and in which case-- eric?

there was just no way. >> reporter: it's a side of christine quinn we don't often see. vulnerable, candid. the real estate agent and netflix star opening up about an attempted burglary that left her family reeling. >> and i said oh my gosh, if they come in they're going to shoot me in the head and rob me blind, and my first inclination was to grab my gun, which i always have under my bed, and immediately go into my baby's room with my family. and that's what we did. >> do you think you were targeted? >> absolutely. people were watching my every move. >> reporter: under the palm d.- trees, amidst the glamour, a disturbing criminal trend that seems to be on the rise in los angeles. >> follow-home robberies. >> these follow-home robberies. >> these gang-led robberies. >> reporter: what law enforcement is calling follow home or follow off robberies. thieves targeting individuals leaving designer stores or fancy restaurants. following them to steal valuables. watches, jewelry, even their luxury cars. >> in my 34 years in the lapd i had never seen this type of criminal behavi

i'm vonnie quinn. this is bloomberg. ♪ rishaad: all right, were going to get you now to a tapping in the inauguration ceremony being held for the new south korean president. this is taking place in the capital there. this does come as he has been at the moment promising a hard line on the north korea there as well. he wants supreme leader kim jong-un promising to expand his nuclear arsenal. so that's the scene at the moment. with the inauguration of a new president. haslinda: still ahead on bloomberg markets asia, we focus on the philippines election results and the market impact. the ceo of the stock exchange joins me later this hour, but first, the president of the filipina national bankshares what reforms he wants to see from the new government. keep it here with us, this is bloomberg. ♪ >> the voice of the people is becoming clearer. for the sake of the philippines, we need to listen to this voice, because in the end, we share one country. >> if we are fortunate, i will expect that your help wi

♪♪ >> quinn: what's with paris and all her questions? >> carter: she wanted to know if i was still hung up on you or not. >> quinn: and? um, you made it clear that there's nothing going on between us, right? >> carter: yes, that's what i told her. >> quinn: good, because i don't need her walking around here,st

i'm vonnie quinn. this is bloomberg. rishaad: still to come on the program, oil in the spotlight as germany announces its plan to ban russian crew by -- if the european union refuses to agree on coordinated action trigger haslinda: plus, we speak excessively to domain president and ceo about their plan and applications. which was shall blocked due to market volatility. we'll be back with us in just a moment pretty keep it here with us. this is bloomberg. ♪ haslinda: welcome back. let's recap the ugly, ugly numbers out of china this morning. we have retail sales in particular slumping more than 11%, almost double what is expected by economists. industrial production, 100% increase, but a contraction of 2.9 instead. the rate currently staying steady at about 6%. it is not a pretty picture out of china. that is on the back of what the pboc fell today, which was to cut mlf and npr rates. analysts, investors have been looking forward to that. rishaad: that has certainly going down. let's have a look at the end of life, mark

let's get to vonnie quinn. vonnie: new zealand's central bank governor has defended the decision to tighten monetary policy. the period before a committee, they said it took enormous courage to be one of the first countries in the world to start raising rates. they have faced criticism for being too slow. the sec has added to its broad list of chinese companies that faced delisting. jd.com and billy billy joined those in the regulatory spotlight. the u.s. and china have been at odds over the policy for decades, and the sec is cracking down on firms that do not comply. antony blinken has postponed a key policy speech on china after testing positive for covid-19. we can, who is fully vaccinated and boosted will work from home. the department says blinken has not been in close contact with president biden for several days. sources say ndma restrict exports after severe heat wave damage crops. the hottest march on record hurt the harvest the world is relying on to alleviate a global shortage triggered by the barney

i am vonnie quinn, this is bloomberg. >> still ahead, we will be speaking to the business association of australia to talk about how they will think employers -- how the economy will affect employers. this is bloomberg. ♪ >> we are seeing a lot of headwinds. >> notably lower growth. frustratingly high inflation. >> stagflation is toxic for traditional assets. >> is it a soft landing? is it stagflation. >> it became a growth scare is where -- as well. >> whether we get something worth depends on the soft landing debate. >> the fed is trying to spread a myth blindfolded. >> there are so many headwinds. >> most investors are anxious about a potential recession. our next guest says maybe the u.s. can avoid one. let's bring andy chief investment officer -- kim, as an expert, it is so easy to sit and opine. we will probably have it because nobody knows and the fed does not know. what would you have to see happening now that we are in the future to make your may bet on nova session -- nova session -- no recession happening? >> i am looking to have things going right. prices are one thing.

that's get to vonnie quinn. vonnie: lloyd blankfein has urged companies and consumers to prepare for a recession. in an interview, he said it's not a certainty but there is only a narrow path to avoiding it. he added the federal reserve has tools to bring down inflation and has been responding well. >> do you think we are heading towards recession? >> we are certainly heading -- it's a high risk. there is a path, a narrow path, but i think the fed has very powerful tools, it's hard to finally tune them and see the effects quickly enough to alter it, but i think they are responding well. it is definitely a risk. if i was running a big company i would be prepared, if i was a consumer i would be prepared. vonnie: finland and sweden are set to apply for membership of nato in aid to medical -- in a dramatic change. the two nations have historically shunned military alliances. they will deliver formal applications at nato headquarters later this week. >> this would be a historic moment. their membership in nato would

let's get to vonnie quinn. vonnie: hong kong's economy contracted in the first quarter as the government imposed tough covid curbs and china's -- that would be hong kong's first contraction since the end of 2020. citadel founder ken griffin things the fed will be able to ease off monetary tightening if inflation drops to 4% by year end. however he warned that if inflation remains around the 8.5 percent level -- the billionaire also highlighted the big disconnect in the labor market. >> we are better off running the economy with a slightly higher risk of inflation then -- and try to bring back as many people into the workforce as possible rather than letting people be out of the workforce where their skills and employ ability crumble quickly with time. vonnie: a measure of u.s. manufacturing unexpectedly dropped in april as growth in orders, production and employment softened. the gauge fell to 55.4 weaker than all but one estimate in a bloomberg survey. the latest data underscores --. new zealand's governor wil

i'm vonnie quinn. this is bloomberg. rishaad: still ahead, we are speaking to -- as shanghai hits a key target towards reopening. policy recommendations for the government in beijing, as well as washington. haslinda: first, another exclusive interview. j.p. morgan's asia-pacific studio -- ceo joins us from the global china summit. don't miss that. this is bloomberg. ♪ haslinda: welcome back. china has hit a goal of three days without community cases but still a long way to go before a sense of normalcy returns for businesses. 180 companies say they were hit by lockdowns including toyota, tesla and sony. we had companies making a full exit because they are unsure, so much uncertainty about policies and regulations. rishaad: we have the regulatory risk, a slowdown in the economy does not help. jp morgan analysts have upgraded china tech. let's get to the nuts and bolts with -- the global china summit is underway. stephen engle and a special guest with him. take it away. stephen: our special guest is the asia-pacific ceo

let's get to vonnie quinn. vonnie: that economist will be the first black woman on the federal reserve board of governors after winning senate confirmation. the vote required a tie-breaking appearance by kamala harris. republicans opposed her nomination, saying the professor has no experience of monetary policy. janet yellen says the u.s. economy would suffer if the supreme court limits women's access to abortion. she told lawmakers during a hearing that eliminating the right to access services would set women back by decades. >> i believe eliminating the right of women to make decisions about when and whether to have children would have very damaging effects on the economy and would set women back decades. vonnie: lawmakers are pressing jp morgan -- elizabeth warren and katie porter sent letters to the ceos of both banks demanding lists of clients betting on russian debt. they want to know if the bank could benefit doubt amir put in. -- vladimir putin. global news 24 hours a day, on air and on bloomberg quickt

i am vonnie quinn. this is bloomberg. >> coming up, citigroup saying is london trading desk was behind a flash crash in european equities. details on that story on the way next. this is bloomberg. ♪ haslinda: welcome back. china's covid zero strategy has many factories across the globe scrambling to move out of china. it is not an easy process. the milken institute global conference here in l.a. >> i think the most interesting piece is our clients are telling us and they are helping -- we are helping with supply chain. you do not want to have a single source of dependency and when you're trying to build up, just in time becomes just in case. it is very hard to move away from china. and we are seeing that her chinese imports have been rising despite everything. scale, efficiency and they are very very good at a lot of what they have done. they take footwear. i'm a mother of teenagers. they care about their footwear. it will take five to ten to move that supply chain from china to india. why is that? sc

i'm vonnie quinn, this is bloomberg. haslinda: still ahead on bloomberg markets: asia, sri lanka's impending default in $12 billion of overseas bonds. an investor from asia securities joins us for that. rishaad: hong kong lifting more restrictions despite recording hundreds of cases per day, and drifting further from the zero-tolerance approach. we will talk with robert lee next, and this is a look at what is going on with the hang seng technology side. a sea of red, tencent the biggest loser, missing on earnings, and on net profit as well. this is bloomberg. ♪ haslinda: welcome back. the hong kong chief executive it is looking to repair its standing as a global financial hub, but it will be a tough balancing act. he will need to keep covid under control while allowing business to go about as much as possible. rishaad: for more, i am joined by hong kong legislative council member robert e. lee who also represents more than a hundred stockbrokers and global investment management firms, what are you hearing on the ground

i am vonnie quinn, this is bloomberg. caroline: still ahead we will have more on prunes address, why the leader could be -- putin's address why he is signaling that the war could continue for a long time. these current -- a long-term opportunity for investors, more on that next. this is bloomberg. ♪ >> stagflation is toxic for traditional assets. >> equities by themselvesplace -- by themselves is not a safe space. >> there is no safe haven in this marketplace. >> is a big struggle for investors. >> liquidity is afraid the edges. >> is hard to get a handle on exactly what is going on. >> investors are looking for diversification. >> we are on the cusp of that. >> people want to play defense right here. >> people are negative. >> the reality is there is very low risk appetite. >> some of the earlier guest on bloomberg tv, let's bring in our next guest that said the market is getting oversold. ceo and cio, always good to have you with us, you are calling this a longer-term as a gathering market, what are you at -- gatherin

i am vonnie quinn. this is bloomberg. juliette: thanks. , we speak to marriott international after their recent earnings call. there are seeing a large surge in global travel demand. rishaad: first, markets weighing the risks of high inflation and disappointing earnings results, examining all that. ♪ another crazy day? of course it is—you're a cio in 2022. so what's on the agenda? morning security briefing—make that two. share that link. send that contract. see what's trending. check the traffic on your network, in real time, with the next generation in global secure networking from comcast business. lunch? -sure. you've got time. onboard 37 new people, with 74 new devices. does anybody have any questions? and just as many questions. shut down a storm of ddos attacks. protect headquarters and the cloud. with all your data on the nation's largest ip network. whoa, that is big. ok. coffee time. double shot. deal with a potential breach. deal with your calendar. deal with your fantasy lineup. and then... that's it? we

on vonnie quinn. this is bloomberg. shery: still ahead, the american apparel and footwear association joins us to discuss the hotter than expected u.s. inflation print and what it means for businesses and their supply chains. first, risk-off sentiment continues to prevail in markets following the cpi print. we talk investment strategies next. this is bloomberg. ♪ this is bloomberg. ♪ >> these numbers obviously are too high. >> the fed is walking a significant tight rope. >> they are going to have to be a lot more tolerant of high inflation for a while. >> the market is overpricing with the fed is going to do. >> the market is pricing in that the fed will have to hike more. >> we are expecting a 50 basis point increase at the next meeting. >> may be put that 75 basis point increase back on the table. >> ruling out greater than 50 basis point moves, why rule anything out in the early innings? >> if they go by another 50 basis points in june, another 50 in july, that is a lot of tightening over a couple months. >> what

i am vonnie quinn. china's premier li keqiang says the country is facing economic difficulties much worse than at the start of the pandemic in 2020. his emphasis on growth is seen as an acknowledgment that china could find it tough to meet its target while remaining committed to resident xi's covid zero policy. the ukraine's foreign secretary said peace negotiations with russia are going in his words "nowhere." he compared moscow's offensive in the eastern donbass region to a world war ii battle, saying, quote, "when you are conducting an operation like this, you basically say no to negotiations." the 18-year-old man who opened fire on a texas school reportedly warned about his plans on social media. the attack killed 19 children and two adults. officials suggest salvador romas posted on facebook his plans to shoot his grandmother and also target the elementary school. facebook's parent meta says the messages were private and only discovered after the attacks. pakistan's arrested premier imran khan has

i am vonnie quinn. this is bloomberg. shery: still ahead, the labour party leader anthony albanese, such to be sworn in as australia's next prime minister. shery: let's look at the major events in the week ahead. the world economic forum is underway in davos, the first in person gathering incident since the start of the pandemic. it comes at a time of massive economic uncertainty. one clue will be the fed minutes on wednesday along with policy decisions in new zealand and south korea. tac will be in focus amid th ctor's $5.5 trillion wipeout. and elon musk will diminish twitter at the meeting this week. we will also get earnings from alibaba and nvidia. haidi: as we know, calling a bottom inditex meltdown is not easy -- in the tech meltdown is not easy. that is in line with long-term averages. analysts say the fall in the evaluations and extreme bearish sentiment could mean there is light at the end of the tunnel. investors will also be weighing in australia the labour party victory in the elections this weekend. and the

vonnie quinn. >> thanks. morning. japan's economy shrank in the first three months of this year as import cost outweighed gains, and covid restrictions it consumer spending, gdp contracting 1% in the quarter there march, better than estimates that 1.8%. import cost were affected by the war in ukraine and the weakening currency. japan's cabinet has approved an extra budget of $21 billion to help households and businesses cope with higher prices as part of a broader package of measures aimed at easing the impact of inflation. the money may support the boj easing plans, despite the weakening currency. figures due wednesday are expected show japan's recovery is stalling. the dow jones reports flight data shows that someone in the cockpit intentionally crashed the china eastern jet earlier this year. the 730 seven was at high altitude when it nosedived into a mountain. citing sources close to a u.s. investigation, there are reports that no mechanical issues were found with the plane. all 132 people on board were killed. ch

i'm vonnie quinn and this is bloomberg. shery: we will speak with one of the biggest banks after it posted in earnings beat. we are joined exclusively to discuss that and the outlook this is bloomberg. ♪ >> wednesday, a bloomberg exclusive. jp morgan chairman jamie dimon's weeks with francine lacqua live from the jp morgan ceo summit in london only on bloomberg ev and radio. -- tv and radio. haidi: anz's tops profit estimates and the australian economy recovers from the pandemic. there is still competition for loan growth despite pressure easing when it comes to margins. joining the is shane elliott, ceo and create to have you with us. congratulations on those numbers. can i start with a broader macro question? the rba with the 25 basis point hike. what is the start of the tightening circle mean for your business? does a change for growth and conditions? what is the rba trying to signal here? >> it changes the outlook and we have been through quite a significant point. it is quite a big pivot. we are talking about a new w

i am vonnie quinn. this is bloomberg. haidi: despite encouraging signals from chinese leaders, tencent is warning that beijing's lengthy regulatory crackdown on the -- on the industry will take time to wind down for it they posted their slowest revenue growth on record. for more let's bring in stephen engle from hong kong. what is tencent saying about the regulatory overhang, and perhaps that investors should not be getting adam themselves? -- getting ahead of themselves. stephen: that's right. there was a lot of optimism after the vice premier added to previous comments from senior chinese leaders the platform economy is critical to the new emphasis in the chinese economy given the covid outbreak and that is employment and of course growth. that gave a lot of optimism but it was short-lived as we saw as well. the tech rally peter doubt -- petered out, lasting about a single day. and the tencent adr got caught up in the overall wall street selloff last night. there has been extreme volatility in tencent shares, but it is

now to vonnie quinn. vonnie: president biden has offered support for finland and sweden's bid to join nato. he met with the prime minister's at the white house a day after they applied to become members. the country's most first broker an agreement with turkey which opposes their bids. >> this is about the future. it is about a revived nato that has the tools, resources, clarity, conviction to defend our shared values and lead the world. vonnie: china is seeking to replenish its oil reserves with cheap russian oil. beijing is in talks with russia to buy additional supplies. russian crude prices have tumbled as buyers step away. u.s. treasury secretary janet yellen is rejecting the idea of the fed and other central banks boosting their inflation targets. she is in germany meeting gus -- governors. the u.s. had been aiming for 2% but consumer prices have been running at an annual rate of 8%. canada has banned huawei and z te from its wireless networks over national security concerns. is this is that had ins

i'm vonnie quinn. this is bloomberg. rishaad: right, let's tell you what we've got coming up on bluebird markets. evolution mining ceo with an exclusive interview looking at the outlook for gold. but next, more coverage from the global conference. indonesia's investment authority chief executive joining us to discuss their investment strategy. this is bloomberg. ♪ >> returns are going to be a lot lower and we are going to have to work very hard for our clients to find those opportunities. >> most families in the united states are having an incredible run. we are seeing double digit rent growth almost across the country. and it is not letting up rude and it is a big component of inflation across counties. >> cities for example, talking last year and you're right, there is -- is becoming even more difficult during the pandemic. >> we have been able to attract unique talent with global propositions and also because we have unique leverage points, such as the way that we bring our strategic partnerships and helping our com

i'm vonnie quinn. this is bloomberg. haidi: still ahead, the australian industry group joins us to discuss the country's upcoming federal election what victories could mean for business. first, high valuations, high inflation and a fed hiking cycle are a mess up he -- are a recipe for market gyrations. this is bloomberg. ♪ haidi: key eco-data, more earnings, and major chief political events are high on the agenda this week. could help paint a dire picture of the impact of strict lockdowns on economic activity. we will be getting gdp prints out of the euro zone and japan. in hong kong, the government enters phase two of their plan to ease restrictions this week. back to china, where the pboc decides to loan primaries -- also watching for tencent numbers. shery: a big we can geopolitics. g7 finance ministers and central bankers gather in germany wednesday. we also get the eu's plan for funding reconstruction, and details on how the region plans to cut dependence on marshall energy. president biden also visiting asia litt

i'm vonnie quinn. this is bloomberg. haidi: still ahead, a hong kong businessman and lawmaker says the city's incoming chief executive may negotiate better with beijing then past leaders have. we will discuss why. plus, after the fed's hawkish turn, investment group says the risk of a recession is rising. that is just ahead. this is bloomberg. ♪ >> stagflation is toxic. >> equities by themselves are not a safe place. >> not safe because you lock in a negative real yield. >> there is no safe haven in this marketplace. >> big struggle for investors. >> incredible levels. starting to fray at the edges. >> hard to get a handle on what exactly is going on. >> investors are looking for diversification. >> we are in a stagflationary environment. >> we are >> on the cusp of that. >>people are negative. >> the reality is there is little risk appetite. haidi: guest on bloomberg tv. our next guest is stock market valuations getting back to reasonable levels as long as earnings do not fall apart. he is the director of investments

i'm vonnie quinn. this is bloomberg. haidi: let's take you to the u.s. senate floor, where voting is continuing for the confirmation of the remaining two of president biden's fed picks. that's jerome powell for another term, and philip jefferson as governor. the senate has enough votes to confirm fed nominees philip jefferson with the vote ongoing. we have seen absences due to 19 cases among democrats in the evenly divided u.s. senate, having delayed the confirmation vote. but we do have enough votes to confirm jefferson. he would become just the fourth black man to join the fed's board. he had unanimous support from the banking support -- banking committee. powell was opposed only by elizabeth warren, a progressive democrat. of course we have seen a commitment from all three of president biden's fed nominees. still ahead, sri lanka set to name a new prime minister and cabinet this week. we discussed how that could change the course of the debt crisis as global investors selloff dollar bonds. first, st

i'm vonnie quinn. this is bloomberg. rishaad: just taking you through the data here in hong kong and it is the new hong kong chief executive elect. we also have outgoing leader carrie lam as well. we're going to be seeing what john lee has to say and some of our subscribers can watch that speech when it begins live on the bloomberg terminal. haslinda. haslinda: as we have been reporting, we have voting in the philippines. and with the son of the dictator , ferdinand marcos, leading in the polls. what could this mean? we speak to bdo unibank chief market strategist, jonathan ravelas. on a longer-term basis, this might be something you have to buy. jonathan: we have really turned the corners since 2020. after growing at 5.6% in 2021, we are really on the road to recovery. the revised numbers are now at 5.7%. manufacturing numbers through the pmi are already looking good at 64.2, which is much higher compared to levels of 2020. what we are waiting for right now is how well the new administration address the shee problem. th

i'm vonnie quinn. this is bloomberg. shery: still ahead, and interview, the ceo joins us to guess the company's latest earnings. plus, why j.p. morgan does not see a 75 basis point fed hike coming in the near term. this is bloomberg. ♪ >> we have seen the beginnings of a scare. >> are fragile global recovery. >> time for inflation to come down. >> and increase in airfares. >> the shift between goods and services. >> this is outrageous. >> we will have to see the fed react. >> 50 basis points in june and july. >> we step back and look at the whole picture. >> we are fighting and inflation battle on two fronts. on the other hand, we have continued limitations of supply. >> you have a growth scare happening. >> a lot of conflicting signals. shery: some of our experts on the growth scare inflict in the markets. haidi: joining us now is joyce chang of jp morgan. what do we need to see before's come down a bit? >> inflation in the u.s. could be close to peeking, but it has been going up and the rest of the world. the questio

>>carter: look, quinn, i don't know why i got caught up with paris. >>quinn: well, it's not too hard to figure out. i mean, she's... cute.

i'm vonnie quinn this is bloomberg. haidi: global recovery -- shery: global recovery is continuing despite risks posed by the ukraine war and voluntary policy. -- monetary policy. we have more with a cio next. this is bloomberg . ♪ >> could we get to three point 2543.5? yes. -- 3.25 or 3.5? yes. >> enough to begin slowing growth and raising concerns about recession. >> the market is pressing 200 basis points over the next four meetings. >> it looks like anticipation of the fed tightening is tightening financial commissions a lot. >> if the u.s. yield continue to go higher, the fed should deliver some shock and awe. >> if the fed does what it needs to do, stabilizes things, that will go a long way toward solving some of this. >> limited market reaction will probably be seen as a win for chairman powell. haidi: let's bring in our next guest who says the only way to stop inflation may be a recession. cio of d-squared. your view is that the fed has been behind the curve and they actually do deliver these outside move. --

i am vonnie quinn. this is bloomberg. shery: our discussion continues on australia's rate decision in the middle of a highly charged election campaign. plus, we get the market outlook with fed the expected deliverance biggest rate hike in two decades. this is bloomberg. ♪ >> if inflation does not break soon here's going to have to -- he's going to have to hit the brakes hard. that will put us in recession. i think people who have benefited from this extreme low rate, high liquidity environment where all manner of growth have been rewarded, i think that is where the greatest correction will come. >> it is simply unfeasible that economics or economies -- their human beings and their livelihood and well-being a shutdown because of the fuel industry i think we are saying this live in europe with the russian crisis. >> if inflation is transitory, if we are heading towards a 4% rate by the end of the year, he has a a lot more room to maneuver rates in 2023. >> speakers at the milken global conference. let's bring in our next

here is first word news with vonnie quinn. >> thank you. fed chair jerome powell has reiterated the central bank is likely to raise interest rates by 50 basis points at each of its next two meetings. he said the fed is preparing to do more to control inflation, though achieving a soft landing would be quite challenging. he won senate confirmation with an overwhelmingly bipartisan vote. beijing denies the city will be locked down, while urging people not to hoard food. the municipal government says it will conduct three rounds of mass testing over the weekend. it's total affections since april are nearly 1000. germany accuses russia of using energy as a weapon as gas prices dropped. it is suggested because is over the war in ukraine. germany's minister says that amounts to only 3% of gas imports. south korea, japan, and the u.s. have condemned the latest weapons test by north korea, three short range ballistic missiles, on thursday. south korea inaugurated its new president and joe biden will visit the region incoming today's. meanwhile, the

i am vonnie quinn. this is bloomberg. >> ahead, g7 leaders committed to banning imports of oil from russia. for some the measure is still half-baked. plus, why he says the fed should bring discipline to decision-making. this is bloomberg. >> i think the fed's actions were reasonable up through the middle of the summer through the summer of 2021. i do think that by september it was becoming clear that this was not primarily a supply chain disruption driven inflation. it was an overstimulated demand driven inflation. that -- at that point, in hindsight, i think it would have served the fed well to move in september. it's very difficult to determine that at that point. but in hindsight, that is how they should have moved. >> former fed governor randal quarles there. we are getting a key u.s. cpi wednesday after the fed world market last week. let's look at the main events in the next few days. it is victory day in russia. the anniversary of the german surrender may 9, 1945. in ordinary years and the date i

i'm vonnie quinn. this is bloomberg. shery: still ahead, we will be joined by former sydney deputy mayor and federal politician cara phillips. for more, let's ring in elections and the rise of females in politics. next, 1870 nine advisors gives us his take on the market volatility and the fight to tame inflation. this is bloomberg. ♪ >> market valuation rating. >> we have a bubble that is now the flitting. >> what we are seeing in the markets is a rotation from growth stocks that were earning far in the future toward stocks that are much more value stocks. >> i do see a lot of opportunities out there, especially with higher investments. >> directional trade and more about relative value. >> everything on the fundamentals front seems very much intact. the 2022 estimates continue to rise. >> we have to wait a little bit to see what the fed is doing. >> everybody is afraid that they're going to get it wrong and the chances are that they will get it wrong. >> i do not think a recession is imminent. >> recession in early 20

i'm vonnie quinn. this is bloomberg. ♪ >> coming up -- with key u.s. cpi data due out wednesday, we will get the outlook of what it could mean for the bond markets. our next guest says correction does not mean a recession is on the horizon. that is just ahead. this is bloomberg. ♪ ♪ >> we have seen quite a big correction. >> it's been really traumatic. >> de-risking across the complexes. >> the sentiment is incredibly bearish right now. >> we have seen a huge absorption of a lot of worrying for investors. >> we are starting to see some forms of capitulation. >> we have not seen a capitulation move, the question is where do we go from here? >> today could be one of those dead markets. >> there's still a great deal of uncertainty about the near term trajectory. >> we are sort of waiting to see here. >> a tradable rally, is it likely the next few months? >> sure does. >> we are starting to get closer to the bottom. >> may be what we should be doing is looking at our shopping list, and buying some th

i'm vonnie quinn. this is bloomberg. ♪ shery: still ahead, regal hotels partners with sandbox for an investment in the digital space. the outlook for hospitality and real estate. first, the meltdown of terra, underscoring the risks associated with crypto. that is next. this is bloomberg. ♪ >> i would characterize it at this scale is a real threat to financial stability that is growing very rapidly, and they present the same kind of risks that we have known for century in connection with bank runs. shery: the u.s. government's most forceful sponsor yet to the meltdown of terra. let's get the latest with our bloomberg cross asset editor. how does terra affect investors via stable going -- stable going -- stablecoin. >> it is making everybody reconsider. the ecosystem relies on a lot of stablecoins to get into and out of the crypto ecosystem. but it is making people think what an algorithm stablecoin really is and making people rethink the larger stability of the crypto ecosystem, so it is really some

i'm vonnie quinn. this is bloomberg. >> next, didi has secured the blessing of shareholders to delist from the new york stock exchange as a symbol of china's crackdown on the tech industry. we get the details and what comes next. this is bloomberg. ♪ >> a check on after our movers in the u.s., companies that rely on digital advertising falling this after snap warned it would miss second quarter forecasts amid deteriorating macroeconomic trends. didi securing the blessing of shareholders to delist in the u.s., capping an 11 month ordeal . let's get more from bloomberg's asia tech executive editor peter elstrom. walk us through the process that allows didi to proceed with this delisting. >> so this vote on delisting is not really a huge surprise. but the very short life of didi as a public company has been a huge surprise. it went public 11 months ago in june. everybody thought this was a great hope for china's technology industry who was supposed to take its place alongside uber and other big ride-hai

i'm vonnie quinn. this is bloomberg. ♪ shery: still ahead, one of the philippines largest telecom providers joins us to discuss their earnings outlook. don't miss our exclusive interview with ceo ernest cu. plus, the fed inflation fight, a preview of friday's all-important jobs report, this is bloomberg. ♪ shery: -- as japan and south korea are back online for holidays, i head of the u.s. jobs report, a very important number. this as we hear from a former federal reserve chair who says it will take more to curb inflation. kathleen hays is here with us. how much more aggressive with the fed need to be? kathleen: the vice chair left after his term expired in november. jay powell opened the door to get above neutral if he has to. in preparation for the quarterly monetary policy tomorrow, he is speaking in the morning and said getting to neutral isn't going to be enough to get inflation down. he says the funds rate is going to need to be raised into restrictive territory, at least 1% above the fed to c

let's get to vonnie quinn. >> china's top officials for pandemic control is raising pressure on the capital contain its latest covid outbreak, signaling harsher restrictions. chinese vice premier urged authorities in beijing to stick to covid zero and stop the virus's community spread. a teenage gunman has killed 14 students and one teacher in a texas elementary school. governor greg abbott says they killed the shooter, and 18-year-old armed with a handgun and possibly arrival. two officers were also shot but not seriously hurt. the attack in a town west of san antonio is the deadliest school shooting in more than four years. they are seeking information on the killers motives. the u.s. is seeking to raise pressure on russia by letting key sanctions expire and outbound cash flows. starting wednesday american banks will be barred from excepting funds from russia's government. analysts say allowing the waivers to expire increases the chance russia will default. treelike has chosen -- sri lanka has chosen -- the d

, you, quinn will not be able in the long term to ensure nato. and then each means this is a, are defeat for nato. it's mean serv. nato cannot expand and is not able to be expansion is to order of united states. canada story to bring attention to today, a runs islamic revolutionary guard corps is to remain on america's terrorist organizations list that's according to and media report, citing u. s. military officials. the guards are an elite units of the iranian armed forces . find it after the $979.00 revolution and operating within and outside the country . in 2019, there were included in the u. s. list of terrorist organizations by then president donald trump, as a part of his maximum pressure policy. iranian officials were furious at the move found retaliated by designating the u. s. central command as terrorists. the is really prime minister is fully behind keeping the guards on the american black las i welcome the decision by the u. s. administration to keep a rounds islamic revolutionary guard corps on the foreign terrorist organizations li

on vonnie quinn. this is bloomberg. >> our next guest has buildable folly all companies cross latin american sectors including real estate, retail, telecom, and media technologies and is also a leading investor in the major airline of panama. we will discuss the rebound in travel demand with the multinational director. you are in panama city. thank you so much for having us. let's talk a little bit about what you are seeing in the economic recovery post-pandemic. what are you seeing across your business is now? >> we things summing that coming back, some slower, some faster than we ever expected. in general i think people forget we have only had a vaccine about 17 months. recovery needs to take place over time. so, i am quite optimistic that we will continue. we are not out of it yet but we will continue to grow and see activity. in the airline business we have brought all the employees back. everybody that we had to lay off during the heart of the pandemic is back at work at the end of the year. that

i'm vonnie quinn. this is bloomberg. rishaad: all right, just getting more news coming out of sri lanka at the moment. it is really about what is going on at a governmental level as they try to grapple with this economic crisis and political crisis here as well. the current prime minister is going to be named as the finance minister. this as he did early on say they were going to have a new budget soon, interim budget, where he has vowed to cut spending, so we've got that story. let's get details on that and that to jeanette rodriguez. jeanette, give us a sense of all of these changes and what the country is facing. without having actually a finance minister, they have not really had anybody who is going to be able to deal with the imf. they had negotiated with other countries as well, because it seems that the coffers are empty. jeanette: well first, the coffers are absolutely empty. sri lanka really is living on payouts day-to-day from india, from the world bank, from the adp. and a finance minister is needed it more a

i am vonnie quinn. this is bloomberg. kathleen: still ahead, with energy security in focus more than ever around the world we speak to one ceo of about how his company uses gravity to store large amounts of power. ahead of that, rising inflation across the globe is taking a toll on emerging market bonds. we will discuss investment strategy with alliancebernstein. this is bloomberg. ♪ gs the way you want—your team, ours or a mix of both. with the nation's largest ip network. from the most innovative company. bring on today with unbeatable business solutions from comcast business. powering possibilities™. >> we are seeing a lot of headwinds>>. >> really huge woodwinds. >> we will see frustratingly high inflation. >> the very intelligent growth inflation rates. >> stagflation unfortunately is the baseline. >> stagflation is toxic for traditional assets. >> is it a soft landing, recession, is it stagflation? >> it started out as the inflation scare. >> the biggest concern is inflation. >> then it begin a growth scare. >

that's mason quinn. i will always win. bishop. quinn: don't come for me again, because then i'll have to come after you. dante: delilah fulton? i'm detective dante. you're worried. bishop was her mentor. don't you worry? i would never let anything happen to you. mom, it's not me that i'm worried about. it's you. robyn: what is mason quinn doing in sevastopol? and who's this guy he's talking to? that's omar delgado. cuban intelligence. this path you're walking down ends in darkness. that's where the monsters live. (indistinct radio chatter)

let's get to vonnie quinn in new york with the first word headlines. vonnie: the biden administration is poised to fully block russia's ability to pay u.s. bondholders. a move that could push moscow closer to the brink of default. berg has learned the treasury department will let a temporary exception lapse once it expires next week. that waiver has given russia room to pay coupons and halted -- helped avert default on government debt. china's bond trading platform for foreigners has quietly stopped providing data on their transactions. forces a the china foreign exchange trade system last published overseas investors as trade sunday 11th. it is unclear why the stopped releasing figures and whether the move is temporary or related to shanghai's lockdown. dow jones reports flight data shows somebody in the cockpit intentionally crash the china eastern jet earlier this year. the boeing 730 seven was cruising at high altitudes when it suddenly nosedived -- 737 was cruising at high altitudes when it suddenly nosedived into a mountain. all 132 people on boa

i'm vonnie quinn. this is bloomberg. haidi: we are getting some further elaboration from the japanese prime minister, really talking about the decision japan has taken to join in on the g7 commitment to eliminate imports of russian oil. they will phase out russian oil in steps although the details are not yet set. saying it was a difficult decision but japan will ban russian oil, elaborating on the fact that it is a difficult decision for any country that imports most of its energy. but this is a time when g7 unity is more important than anything. japan had previously announced plans to phase out imports of russian coal, also without giving a deadline. the country gets about 3.6% of its crude oil from russia as of 2021. but this coming after a call with other g7 leaders and ukrainian president volodymyr zelenskyy over the weekend where the commitment had been made to ban imports of oil from russia. as we saw several g7 countries already independently pledging to diversify away from russian supplies including a call for t

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the quinn is learn. the hospital itself was not spirit either bought and russia load. the hat of the trauma center here tells us after russian strike his team struggled to keep going through all it before we worked without water and electricity will only put headlamps on and took care of those seeking medical assistance. also, it was very hard on me, but we stayed here and did what was necessary. well, we'll have social wellness and the situation worse. and when russian forces completely encircled the city, residents tell us some of them were killed by russian troops. others died because they could not reach the hospital due to heavy shelling. in the local morgue, edward slept please using refrigerated trucks for the bodies that still needs to be identified or pick up by relatives. the dubois through the will you co, many people left the country to escape the fighting, that they are not in ukraine for them and cannot get back to bury their relatives escape from walnut. so that's why there are still many bodies here heard of her. i thought it was that would be those who