lisa: nice to meet you. lisa: linda lawless has spent the last few years delving into her past, hoping for answers to the questions about who she is. linda is searching for her biological father. lisa: so, you gathered all of this together, and what does it tell you? linda: nothing adding up. more questions. like, i'm just not getting any answers, and it's just getting more and more confusing. lisa: when linda was eight, she made her first holy communion, and a family secret was revealed. linda: that was the same year i found out that my dad wasn't my real dad, so it was a big year. lisa: the devastating discovery about her stepfather not being her dad hit harder when her mother admitted she'd almost had her adopted at birth. linda: it was such ait harder scandal, to ben unwed mother.'d she was very ashamed, so she went to sydney to have me and to--i was to be adopted out from sydney. this is a photo of my mom that was taken on the manly beach after i was born. always reminded me of what i didn't know and th

lisa: they are all doing great. everyone is doing really well and that seems to be the reaction in the markets. exxon and chevron are a different story. if you look at apple, if you look at amazon, the bar had been lowered. now we get to a question of what has been priced in. jonathan: amazon absolutely flying. kailey: i don't know if it is so much they are doing great as they are not doing as bad as people feel they might. there is revenue guidance that eases concern about a pullback in spending, but these beats were not by huge margins, especially for apple. it came in just above expectations. dan ives, saying it was a top gun maverick quarter because they are dealing with a significantly difficult environment, like flying inverted in low terrain. jonathan: dan ives absolutely loses me. i'm going to catch up with dan around the opening bell. can they keep this up, given what we have heard from at&t and t-mobile about people delaying their bills? are they going to buy an iphone later this year? kailey: so far iphon

lisa: oh, yeah. jonathan: this is bloomberg. >> keeping you up-to-date with news from around the world with the first word news, the federal reserve will probably cut much more pain on the economy to get inflation under control after raising rates in june. policymakers are expected this week to improve another 75 basis point hike and they are likely to signal their intention to keep moving higher in those month ahead. now, a russian cruise missile strike on the port of odessa have passed a commitment to the agreement on ukrainian grain exports. they also say shipment corridors -- russia says the missile attack targeted ukrainian military infrastructure. hong kong reportedly plans to reduce quarantine for arrivals. according to local media, one proposal calls for five days of hotel quarantine. after that, travelers would be issued the yellow health code which would prohibit them from entering high-risk areas. the investment banks are starting a global blockchain deal. the company is beginning its effo

lisa: and what is the economic fallout? i'm trying to think about what the ramifications are, for artificially curtailing the supply because of a lack of workers. doesn't that lead to higher prices? doesn't that lead to higher wages? tom: higher valuation and higher prices. lisa: how much does that trickle out to an economic proposition that is potentially problematic and what to central banks do with that? tom: the only thing anat admati agrees with john taylor on. jonathan: -- of blackrock. tom: wonderful. jonathan: less constructive on equities. futures are down by a third of 1%. this is bloomberg. ♪ ritika: keeping you up-to-date with news from around the world. i am ritika gupta. president biden and mexico's president will discuss ways to expand legal migration and improve security when they meet today at the white house. they will announce joint action to improve infrastructure and cooperation along the 2000 mile border. the mexican president says increasing immigration would strengthen the u.s. labor force and help

lisa: go team. [laughter] jonathan: david short has things to go -- stephen schork has things to say. talk to me about why gas prices are down over the last month. stephen: absolutely. when you take the u.s. economy and put the consumer up against the wall, they are going to respond. demand for gasoline is well below normal at this point in the season. and we adjust seasonally where we expect demand to be, and when we do our analysis we are going to take out 2020, because we had the severe demand destruction. you're not even looking at those levels. when we are looking at demand, that has been the driver right now in the pullback in prices. unlike the white house spokesman, who claimed about a month ago that the spr release was solely responsible for the pullback in gasoline, i just don't get it. gasoline peak at over five dollars a gallon. you look at the last 46 junes, prices were 60% higher than the real inflation-adjusted average of the last 46 junes. in july, even though we have had this pullba

phil: i am disappointed in earnings, lisa. welcome back, by the way. lisa: thank you. phil: we were expecting a 4.5% number. earnings are down 3.5% so far. the downward guidance that walmart gave us yesterday, consistent with the downward guidance target gave us a month ago. the trends companies are talking about, too much inventory, margins are shrinking, commodity costs are up, worker productivity has not been this bad in something like 70 or 80 years. the near term trends are not good. third-quarter likely to be worse. we are struggling right now and stocks are trying to reprice themselves based on what should be lower corporate earnings estimates. jonathan: that was a disappointing finish, i have to say. phil orlando. lisa: i thought it was great. jonathan: i am disappointed. lisa: [laughter] jonathan: looking at alphabet this morning, stocks up 3.7%. as lisa indicated, we will talk about facebook later. tomorrow, we will get amazon and apple. tom: there is a brass plaque on the ground in front of the liverpool station in lovely london near hotel. outside is where

what you make of that, lisa? we have reached a tipping point where the fed has to make a pipit or is there enough money that has been waiting for spreads to widen, waiting for interest rates to get back up in line with fundamentals and want to start buying? lisa: i am smiling because i do not know the answer and i've been struggling with this myself. if the economy slows sufficiently, that prevent -- that presents a credit risk to companies to refinance themselves but also allows the fed to take its foot off the pedal in terms of how much it raises rates. if you have the opposite where the economy is strong, then the fed keeps going and you have to reprice the entire structure. either way it will be a rocky pace which is why so many people are going into investment grade, saying that will hold it tight a matter what. jonathan: you think part of the reason we are seeing renewed weakness is any knowledge meant of what is developing in the credit market? lisa: is two sides of the same story. people are worried about

on individual securities, lisa. lisa: i want to take a look at the bank earnings. we did get earnings from wells fargo showing they did have in-line interest income, which was the supporter. shares down .8%. you're looking at blackrock, shares unchanged. blackrock reported earnings with a decline in the amount of flows, with a decline in total assets and a decline when it comes to withdrawals from their active funds. if you look across assets, unitedhealth was interesting and reported earnings, they beat estimates by a significant margin. they increased their forecast going forward, which is interesting at a time when so many people are expecting health care costs to increase and push to inflationary costs. maritime digital and microstrategy doing well because of the bitcoin gain we are seeing. marginal, but it shows how much these are adding to the marginal mood and fraud their assets. tom: -->? matt: the main reason i care is we show, or learn how connected -- is. his ftx, his other funds had their tentacles deep into these different crypto lenders and businesses

lisa, what is great is nouriel just sold the movie rights. lisa: he always makes me sound rosy. at the same time, there is a lot of legitimate argumentation simply because we are seeing a sea change. with respect to supply-chain disruptions or deglobalization or whatever you want to call it, there are big changes happening and how de facto these out into a new environment? tom: and what is so important about this, they are all out of the yale complex over the years, but they are very balanced she centric versus income state solutions. this is a really informative monday. i thought it was going to be a snooze fest. some really interesting stuff to think about. diving into the week and the week is to wednesday and an important meeting. we will do our special coverage in the afternoon as well. stay with us. this is bloomberg. ♪ this is xfinity rewards. our way of showing our appreciation. with rewards of all shapes and sizes. [ cheers ] are we actually going? yes!! and once in a lifetime moments. two tickets to nascar! yes! find rewards like these and so many more in the xfinity

lisa: phila. they said something fascinating which is it the market rallies to 10%, that will undo tightening the fed is trying to accomplish and they will push back and cap some of these gains. not because they are targeting the s&p, but because that will be the transition mechanism. how much will that be us hearing from them saying this is not going to work? you have to cool it. jonathan: 11% on amazon in the premarket. these tech stocks are flying. lisa: it shows you how though the bar was. we thought it was going to be a lot worse. they managed to eke by expectations. amazon has the luxury of a ws and even an advertising business that seems to be holding up in a way that is not for social media companies. for apple, they faced macro headwinds. tim cook talked about that. they were able to work through them enough that they were able to come in above market expectations. what does it look like a going forward? jonathan: it is not recession, it is resilience. when you look at apple and microsoft

jonathan: lisa, welcome back. lisa: a lot happened last week. i was tracking it and the excellent job you guys did. i want to pick up on the euro, the 101 level and key that on the nord stream pipeline which is shutting today. the fear is russia does not bring these gas supplies back online. what does that do? sends germany into recession. if the biggest economy in the euro region goes into recession that is negative for the euro regardless. how does the ecb respond to this? how they deal with the potential for financial instability? this is similar to what we see in the united kingdom. andrew bailey speaking on financial stability. how much does each key the weakening and the pound? one commenter talks about at least the pound was not the euro today and that is the best they can say with the pound below 1.2119. coming into the end of the day we are looking for an option for three year treasuries. $33 billion of notes will be sold and i know you watched this carefully. i see the yield curve conversion continue. we are looking for a fourth consec

lisa: i think i know it. jonathan: he said with the piquant and then pressing lightly behind us, market volatility should also be behind us. he is still bullish. what do you make of that term? tom: i would say 44% of our audience's heads are spinning on radio and television. the gap here is so wide. an upper range of a terminal of 5%. that is unimaginable. there is no other way to put it. jonathan: trying to get visibility on this economy, we will do that shortly. looking forward to the conversation. the futures down a third of 1%. heard on radio, seen on tv, this is bloomberg surveillance. >> keeping you up-to-date with news from around the world with the first word news, the european union is preparing for the possibility of a full cutoff of russian energy surprise. -- supplies. dwindling gas flows by russia. supplies to the nord stream pipeline are set to drop to around 20% of capacity. now, former president donald trump returns to washington today for the first time since leaving office. he will make a sp

let's get to lisa now. lisa: let's talk about problems. let's talk about meta problems. the drawdown, 55%. they reported their first-ever revenue drop, not good, even after the constructive tone we heard from alphabet and microsoft. how much is the pivot not really working, even though i like its existential feel, even though facebook is the nuts and bolts of the company? qualcomm downgraded expectations for its quarter as a result of less demand for consumer goods for computers, pcs, smartphones. how much does this feed into what we will see after the bell today, and how much is this consistent with what we are hearing from other semiconductor companies? etsy, on the flipside, i know you want your knit hat for vet bill, they beat on their expectations with a result of more traction on their platform. after the bell is when the big fireworks happen. apple and amazon, as well as intel, although is that -- although that is probably a lesser story. apple, i am very curious to see whether they are seeing the same kind of trend that all, is talking about, less demand, whether

jonathan: you should have seen lisa space. speak for yourself. --we says -- lisa's face. lisa: most of us traveling in fancy class, i don't know if i agree with that. jonathan: but selling tickets from the heathrow airlines, that's the supply-side story. you wonder not for america so much but for europe as we get deeper and deeper for this economy. lisa: and you were grappling with the same thing i was. if you constrain the supply you have of tickets, as the price goes up, does dan -- does demand processed or do you see a crash where people are not getting employed and they can't go buy tickets? at what point deaths this -- does this even out and does it cause a bigger price shock before the fall? jonathan: cpi earnings, bank earnings friday. the futures down, we are lower about three quarters -- a move in crude, wti negative five percentage points and the euro-dollar, parity back to 100.22 -- 1.0022. lisa: and it does hinge on oil and gas prices, trading in tandem a little, and i'm speculating but with the price of oil and gas, there is a concern those prices are going t

♪ lisa: good evening and hello. i'm lisa desjardins, geoff bennett is away. on this pbs news weekend... after last week's supreme court ruling allowing people to carry firearms in public, new york legislators pass stricter gun legislation. then... the options and obstacles for president biden as he pledges to protect some access to abortion. and... our weekend spotlight with legendary u.s. soccer star, briana scuy, about her life and groundbreaking career. briana: a lot of people would assume my greatest save was the penalty kick in 99. but my greatest save was myself, was me. lisa: all that and the latest headlines on tonight's "pbs news weekend." ♪ >> major funding for "pbs news weekend" has been provided by -- >> for 25 years, consumer cellular's goal has been to provide wireless service that helps people communicate and connect. we of a variety of our no contract plans and u.s.-based customer servi team can find one that fits you. to learn more, visit consumercellular.tv. ♪ >> and with the ongoing support of these individua and institutions -- ♪ and

lisa talked about it. it is the prospect of higher fed rate ahead in the prospect of slower growth in the future. tom: let's take the correlations of the market and go to the single correlation for washington, no one is getting paid anything given this high inflation. it is the wage reality washington faces. andy blocker has spent years looking at this. at harvard years ago, jobs and wages matter. he is a head of global policy. what is the urgency this time around of a horrific negative real wage? andy: politically, it can be death for politicians. right now, who talk about the economy always being the most important thing. inflation is a major part of the economy the talks about how people live everyday. with this latest spike, 9.1% and not seeing the top soon enough for elections, it can have a real impact on what's happening in the midterm elections. tom: i guess the suits and ties will tell us a higher unemployment rate is good for us now. explain that to the american people. how does mr. powell, frank

jonathan: what you think lisa? lisa: there's a bigger issue. can't increase supplies or capacity because of the staffing and it is difficult. it is not simply pay them more and bring more people because the turnover is dramatic. jonathan: a lot of people who already lined up outside of certain terminals at heathrow trying to get the tickets and get through, obviously thinking it is about time. once ago when the tickets -- futures, -.6% on the s&p, this is bloomberg. ritika: keeping you up-to-date with the news around the world, ritika gupta. two decade low of risk aversion has led to a rally in the market, concerned that recession is weighing on the outlook for the euro. the price of oil falling again, covid resurgence in china adding to concerns about the economic slowdown. the white house says opec has moved to raise production if president biden boskalis trip to the middle east yields agreement . the conservative party in the u.k. wants to narrow a wide field of contenders to be the next prime minister. it would require candidates to have th

lisa: i love tom's reliving. jonathan: that is his use. lisa: his scars of my vacation plans. i'm looking now at trying to have family time. tom: the worst part about the adirondacks is all the tang is warm. jonathan: this is how tom spent the 1970's. tom: 1970's? no, jon. [laughter] i was there right after theodore roosevelt was named president. jonathan: i'm going to do the markets. we are down 0.75% on the s&p. on the nasdaq 100, if you are just tuning in, down 0.8% get the main event mother this morning -- event through most of this morning has been the dollar. a clean break 101. we are looking ahead to earnings season with stuart kaiser of ubs in about 20 minutes. tom, i knew you got a special guest coming up on this program in about four minutes. tom: vince cooperman is going to drop by. we are going to blow someone away here any second. jonathan: i think we probably are, given our direction of travel. perhaps over the next 24 hours. from new york city, with tom keene and bramo, for four more days, and then you are gone for a week and then you are back for good? lisa: th

lisa: this is a bold call. where is it most mispriced that we will see patient come down versus what you are expecting? let's looking forward, we are seeing short-term rate pricing and the second half of next year. that, to me is a mispricing. i do not think that at current levels, they are cheap. i think they are's will rich. the market is counting on the fed being in a position to cut rate once we get the slowdown in the economy, which staircase acting and hoping for. if inflation does not come down, i do not that they can cut rate. tom: i was given a private meeting with sir john templeton which began a relationship over decade. he said that there would be a shortage of on. that was a lonely call. is the great moderation over? a morningstar fixed income manager of the year. can you say that we have broken through the training of the great moderation? >> i think that the great moderation happened at a time when government and central banks were not coming off 15 years of various forms of qt from central banks

lisa: bank earnings and -- jonathan ferro, and lisa abramowicz. jon ferro is off and matt miller is in. i am looking ahead to retail sales. how much could it direct on market that is taking cues from so many varied inputs that is a highly confusing. tom: i guess jane fraser will also be looking at retail sales. i will look at the control group. it was a grim number last time around. how is america doing? lisa: right now we are seeing citigroup reporting second-quarter earnings-per-share at $2.19. they are tripping out as we get them. one thing we have noticed, and as we get some of this breaking news, we have been looking at the banks as a bellwether for a consumer that has not turned. when you talk about retail sales that will be an interesting note to understand how far along we are. tom: the headline sequence of citigroup, it is a clumsy or release of data than we see from the other banks. some of the banks boomed. jp morgan struggling. the first blush out of citigroup is not all bad. we have a tendency to go what is called thick trading, there

lisa: jim, what is your view? that is why some people are bullish on certain risk assets, as this will be a shallow recession, met with the same stimulus this market has enjoyed in the face of trouble. do you agree? jim: i do not agree with the view that we will have a soft landing. i think we will have a hard landing, possibly recession. we may be an recession already. with that being said, a lot of this is already in the price. what is interesting right now is that the fed is telling us they are owing to 3.5%. the bond yields are refusing to move to those levels. i think what is interesting is if we roll the clock forward six months forward, let's say when the fed is at 3.5 or possibly higher than 3.5%, that means we will have a deeply inverted yield curve. what we are seeing is an inversion of the curve that has led primarily -- is led primarily by the two to 10 curve showing anything ahead. anything on the backend out 20 years to 30 years in particular say the market is baking in high-risk inflation premium. t

i think the issue was not the stimulus that was deployed in 2020, but 2021 lisa: lisa:. what is the take away? >> the first half of 2022 was scoring our goals-against ourselves. the total economic war of the west and america, particularly against russia, is hurting the west more than and is hurting russia. in my career, 20 years, i have never seen anything like this. to a great extent, i think the reason why the market is going into a recession is because the market doesn't understand the impact of these economic sanctions. jonathan: a longer conversation next time. david woo, unbound. we are trying to figure it out, particular what it means for europe. tom: is normal and healthy to have a recalibration, events will take over. you are going to see corporate cost-cutting, corporate adjusting. you will see governments make adjustments. maybe the concept of june we have not talked enough about is this concept of frontloading. you are going to have a strategic desire. let's get it over with, so we can move on. that is what the market will expect, where are we when we move on

lisa: anything else? jonathan: can you imagine seeing the same people every single day, and you are stuck on a boat? come on. tom: you just sit by the pool. jonathan: you go on vacation to avoid people. you see the same people every day. lisa: look at those markets. jonathan: look at those markets. from new york, this is bloomberg. leigh-ann: keeping you up to date with news from around the world, with the first word, i'm leigh-ann gerrans. a few minutes from now president joe biden will speak with china's president xi jinping. the phone call takes place at a time of increasing tensions between the two countries. china is unhappy that house speaker nancy pelosi may visit taiwan, which china considers part of its territory. there is a surprise agreement on capitol hill. democratic senator joe manchin struck a deal with senate majority leader chuck schumer on a tax, energy and climate bill that will enact major parts of president biden's agenda, such as a minimum corporate tax and allowing medicare to negot

lisa: especially with the jobless claims. we do not talk as much about that but this is also the wildcard. could we see this pickup, not now but built up capacity to respond to a surge in demand, having to cut back because how much is that going to create swings? jonathan: you saw that with google. you might see that in job openings over the next several months and that it is job cuts as well. that can happen quickly. lisa: that's why i'm wondering if there's going to be a tipping point. we talk about delta cannot not wanting to build the capacity even in the face of demands, because they're worried about being caught wrongfooted with capacity and that will be a chubby moment for the fed to deal with. tom: people get sorted out in bear markets. who has got the bathing suit on kind of thing. people are going to sort out given what we are doing and where we are moving to the profit makers in the nonprofit makers. jonathan: i would love to see lisa interview them because she loves to bring that out. lisa: [laughter] jonathan: sh

lisa: lying is one thing. trying to get accurate forward guidance -- give accurate forward guidance at a time when financial conditions are loosening rather than tightening, that is a different story. how do they get those while not lying? tom: when jerome powell was in graduate school, he was launching animal house. remain calm. that is the mantra. have you seen animal house? jonathan: yields at four basis points. this is bloomberg. ♪ >> the market is waiting to see clear signs of recession. >> we can argue about whether or not it is a recession but it is definitely a loss of momentum. flex we are concerned for the confluence of risk. >> the fed needs a trajectory on inflation with d

lisa: that is really the issue. i really can't emphasize how interesting this point really was, that if the fed has to reverse course and cut rates next year, that could be the trigger to inflation expectations. maccabee the real problem. at what point the fed say we could go slowly or we could go slower than some people expect, but we got to keep them there for much longer? jonathan: the next person that comes on the program and says rate cut in september 2022, we have got to ask them where is inflation? tom: i just think it is too much. i just don't think there's anything other than the gaining of it within the futures markets. i'm sorry, i don't think there is any value in it. up we go, and then we go downwards. jonathan: ok, anything else? tom: no. jonathan: tomorrow, the federal reserve decision. this will be great. why don't you do a promo later? tom: i just think gaming out 18 months is absurd in a post-pandemic america. jonathan: the market is always gaming things out 18 months now. tom: i don't think it is

lisa: what are you talking about? tom: they don't want to get to the media, they want to go to a process where it is approved, move up the food chain, and then it gets the clients first. jonathan: last week the e.u. came out with this proposal to cut gaseous for the rest of this year, and we talked about potential dissuading of the south and the north. lisa: we have this idea that the european gdp could get cut pretty dramatically if russia cuts prices, especially physical winter. already you are seeing a country pushed back saying "come on, guys, really? do we really have to do this?" it raises questions about longer-term, how they can really build supplies. jonathan: the data is already terrible, let's put it that way. tom, the tensions are pretty clear between a hawkish central bank in some weak economics in america, two. tom: i read a lot about the war over the weekend, a massive case of the war being removed from london, removed from new york. jonathan: lisa, welcome back. lisa: thank you. tom: jon, i think the g

lisa: up 2.4%. i don't fit we should look at the tick by tick movements but what has been priced in already? down 50% year to date, so 2.4 percent is not really significant. but does this indicate at the bottom is in? amazon shares up 1.4%. apple shares up 0.8%. how much do we see the resilience in the physical goods at a time when apple is cutting pricing? tom: we did this earlier on china. apple on china will be a complete mystery. lisa: and how much does this replicate what we are seeing elsewhere or is this just a china story? tom: bowing out with earnings. no idea what they are other than i cannot afford a plane ticket. they are all about free cash flow. i remind campers, boeing is down 63%. it is not airbus, to say the least. right now we will go to yield. bob miller is the head of fixed income at blackrock. you are the perfect want to talk to about the fed debate, that they will act and then wait, watch for data. or they will act boldly like paul volcker. which do you think they will do? bob:

with tom keene, jonathan ferro, and lisa abramowicz. jonathan: good morning, this is bloomberg surveillance on tv and radio, alongside tom keene and lisa abramowicz, i'm jonathan ferro. futures down 1.4 percentage points. bonds, fx? tom: morgan stanley is a sideshow to what's going on in the markets. where mcdonald was a tour de force. em is catching up with what we see in the developed countries. the idea is the egypt nine your piece is down 20 some percent. so what? except it is happening. it is back to chairman powell. jonathan: e.m. like news -- moves, we have the inversion of the treasury market. going back to the year 2000. this is big stuff. tom: that is exactly right. suddenly it is there and we've got to get the former deputy governor of the bank of canada over what canada did yesterday. are they leading the way for the adults in the room? jonathan: they went 100, she will follow. lisa: that is the discussion, market is a one in two chance that the fed will go that way. the fed officials who spoke in so far are not doing anythi

lisa: what is the trigger for that? nick: probably what we are seeing in terms of the squeeze on these energy prices. in the euro zone, inflation is nowhere as widespread. core inflation just under 4%, but the headlines rate at 8.5 is all due to energy. it doesn't look like those energy prices will come to. eventually that will be the trigger. tom: link it back to foreign-exchange. explain how the dollar goes down or stays level as a safe haven asset given this gloom. nick: there is a saying, what goes up must eventually come down. that has to do with the interest rates in the u.s. going up and then coming down to 3% or 2%. using expectation will be quicker from the united states. you make a good point. maybe an issue that prevents a massive slot in the dollar, but financial markets being forward-looking instruments, by the tommy get too late 2023, we will be less worried about the recession and will start to look forward to the hope of a better 2024. as we get the combination of falling interest rates and a better econ

this is lisa. i met this girl before christmas when we were preparing greetings of christmas, merry christmas for children. i remember her just like she is here. a cheerful, playful little rascal. the other video was made by lisa's mother, whose name is irena, when she took her child to school. and she asked her, where are we going, sweetie? the daughter calls the name of her favorite teacher. lisa was only 4 years old. she's no longer with us. here is the stroller of lisa's. on july 14, lisa was killed by a russian missile attack on our city of vinnytsia in the center of ukraine. 25 people were killed. almost 200 injured. lisa's mother is in serious condition. for several days, nobody dared to tell her that lisa has died. this is our world. where are we going? ringing in my ears for six days. usually the wives of president are exclusively engaged in peaceful affairs, education, human rights, equality, accessibility. and maybe you expected for me to speak on those topics. but how can i talk about t

jonathon: a long weekend lisa: lisa:. how american of [laughter] jonathon:. from new york, this is bloomberg. . >> keeping up-to-date with news from around the world. there is a deal that breaks a lock on president biden's economic agenda. democratic senators joe manchin and check simmer have agreed on this energy and climate bill. it calls for a corporate minimum tax, but mentioned blocked expanding the state and local tax deductions. chair powell is signaling that more rate are coming. this comes after policymakers raised by 75 basis points. at the same time, powell steps away from the exact guidance he gave. antony blinken plans to speak with his russian counterpart to free imprisoned basketball star brittney griner. bloomberg has learned the u.s. as a russian arms dealer. according to a russian media report, moscow says there is no agreement yet. the e-commerce giant that mark cofounded and was forced to recognize under pressure from the chinese government. global news 24 hours a day, on air and on bloomberg quicktake, powered by more than 2700 journalist

lisa: it is. we're going to see that cooldown, low clouds and fog, dictating that sea breeze, which will bring some breezy winds through the delta. in fact, right now that southwest wind gusting to over 30 miles an hour, so when we see that over about 20 miles an hour, you know it's not going to be too hot out if our inland valleys, so as we look at the low cloud deck, it's up in marin, but kind of a gap right there, so we're not seeing a total solid deck, although down along the golden gate bridge, there is some mist and drizzle. wider view, system to the north of us, allowing for the low clouds, the fog and then high pressure is going to push that system kind of out of the way, allowing for a warmer sunday. there's the fog from mount tam and the breezy winds, 57 in the city, as well as palo alto. 56 in oakland, san jose. a little sun at 58 and from the roof camera, can you see the gray skies here. a little bit of a breeze, mid 50's, santa rosa. overall, the temperatures coming down for the good

lisa: this is a geopolitical strategy. that is what president biden has framed it as prayed we are hoping for some sort of outcome when it comes to the production and drilling of oil from saudi arabia. we understand for your reporting that they will not come out with a statement on that, following the meeting, but what does sony rate your want in return? -- saudi arabia want in return? annmarie: the president coming is important for mohammad bin salman in that it legitimizes him. he cannot have the president saying he wants to make his government a pariah. there would be note redeeming quality about the current government that he would not be dealing directly with president biden. this legitimizes him, to a population that is incredibly young here in saudi, and also, very, honestly, they travel to america. many saudi's, hundreds, they all go to the united states to study. it is an important moment for him as he changes a lot, socially, in the kingdom. if the president of the united states there, having a meeting with him.

lisa: i totally agree. jobina:. it is the best. thank you, lisa. a long retired chemist found a way to give the gift of a guard into his neighborhood. the 94-year-old is the inspiration. leslie brinkley spent a few with the wildflower guide whose seats are taking root in helping build a better bay area. >> these are wildflowers. they paint -- plant themselves. leslie: he is known in richmond as the wildflower guy. his brilliant blooms have taken over an abandoned strip of dead grass in the center of the street starting in 1998. >> i got rid of the weeds as best i could and i planted seeds. i had a package of wildflower seeds. that is how i started. every year, it grew bigger and bigger. i started with plot a, b, and c. the next year it was the, e, and f. i was like a kid in the sandbox. it was like my private island. i paid no taxes and no rent and the city gave me water. leslie: using hand tools and hours of labor, he created this garden and another elongate scrap of -- another along a scrap of land. >> wildflowers live and die and they return to

before we head to break, check in with lisa. lisa: is cloudy. temperatures in the low to mid if these. down towards the airport, a little milder. we have mist and drizzle and fog . we have a fair share of 90's in the inland valley. my forecast is next. stephanie: what former president trump had to say about the latest january 6 hearings that involved testimony from former white house staffers. just ahead, an update on president biden's condition, how he is continuing to work when pain says, “it's time to go home” “i say, “not yet”. ♪ ♪ aleve. who do you take it for? wanna help kids get their homework done? well, an internet connection's a good start. but kids also need computers. we and sometimest conn the hardest thingart. about homework is finding a place to do it. so why not hook community centers up with wifi? for kids like us, and all the amazing things we're gonna learn. through project up, comcast is committing $1 billion dollars so millions more students can continue to get the tools they need to build a future of unlimited

here is lisa argen. lisa: good morning. sun coming up in five minutes. if you are in the inland valleys, you have a clear start. along the coast, you can see the marine layer from northern california down to southern california and the fog is dense from nevada to the coast. there is the golden gate bridge. not only some this fog, mist and drizzle. 50 thrive in oakland. there is a shark tank with a clear sky. a few patchy clouds. 51 santa rosa. 54 by the delta. it is cool in the inland valleys and you see the fog toward nov ato. zero visibility. moobay at six . a temperature drop from yesterday to this morning in the inland valleys. you can see the clouds. 50's and 60's to 60's near 70 by noon time. a few 90's into the interior valleys. 70's around fremont and a cool coast. we will talk about a warm up for sunday. stephanie: investigators are looking into a plane crash in san jose near reed hillview airport. they believe the pilot went down after taking off, landing at ocala avenue. amanda del castillo spoke with residents n

lisa: looks fantastic. i just checked mount tam and mount diablo. 84 and 86 respectively are ready with 6% relative humidity. when you're underneath the inversion we are good with the cool temperatures, the higher relative humidity in the onshore flow. going above the inversion, above 1000 feet things are significantly drier. as we look at live doppler 7 you can see the visible picture showing the low clouds and fog shrouding the coast from marin county down through san mateo. getting a closer it is still gray and parts of the city. the eastern part is sunny with going across the bay. sunshine around 580 in hayward. up towards vallejo some lingering fog. not for log. this was a nice shot of the east bay. it pretty much got overexposed. 57 downtown. 62 at palo alto. 65, santa clara. 54 at the coast. pretty picture of the cloud deck here dispersing from emeryville. numbers ranging from the cool low 50's where we have the low clouds and fog to nearly the upper 60's from concord to the delta. the southwest wind

lisa, we had high hopes. lisa: we certainly did. mni, ev. low clouds and fog, but also high clouds moving in from the southeast. they have had the moisture around southeastern california and we get a piece of that into your sunday. missed, drizzle and fog near the coast right now. over half a mile and half a mile in half moon bay and a solid deck ooud cover, 60 two in palo alto. 63 in san jose. gusty winds down town and concord is cloudy, 62. there is a look at lake tahoe, temperatures in the low 50's. thunderstorms in your forecast for sunday and monday. fog is slowly fading, bright and breezy later today with low 70's inland. the bayshore, clouds coming back in quickly tonight. we will talk about when we see the thunderstorm chance next. liz? liz: lottery officials confirm one ticket purchased in illinois matched last night's win in numbers. 13, 36, 45, 67, 57, and the mega ball, 14. one ticket in california matched five numbers, worth more than 4.2 million dollars -- not bad. but people were dreaming of striking it rich. tim johns has mor

let's get a look at the weather with lisa argen. lisa: fog cnot cause any drizzl. visibility not bad. about 4 miles. temperatures are kind of mild. 55 downtown. 54 in oakland. pretty picture with not a whole lot of cloud cover. 57 in napa. we are slightly milder this morning. fog stays at the coast. partial clearing. 70 around the bayshore. mid to upper 70's around the bay but we are back into the 90's in inland valleys. we will talk about that cooling trend for the week ahead. jobina: police are looking for the suspect involved in a troubleshooting inside a bowling alley in livermore. it happened as families were gathering. one of the victims died at the scene. two others were also shot. the argument turned into a physical fight. someone pulled out a gun and started shooting. >> we believe that they knew each other. what caused the verbal altercation that led to the physical altercation and the shooting, we don't know exactly what it was at this point. we are just allowing the progress to unfold and tie everything together. jobina: police are currently pursuing se

lisa olson lisa is the author of this book. she got under the story of at the time. i was there lisa was a top investigative reporter at the chronicle. this was one of many stories that she broke i think in a way it was the most impactful if there was one even more. i need to know about that one because this one was quite impactful. and her work because i was a columnist she gave me a lot of opportunities to express the outrage at what she was uncovering something. she's not allowed. she's supposed to remain calm and cool and objective. i i was not hampered by that and i really appreciate all those opportunities. gave me kathy mcbroom is the heroine of the book. she is the the whistleblower. this is a true crime story, but we already we already know who done it. what this is a story about is the amazing effort that it required. to not only uncover what he did but to fight the higher-ups and the judicial system to keep from from suppressing it from covering it up to let him get off with a slap in the wrist and you'll hear more about that. and then at the end kathy was

let's check in with lisa. lisa: good morning. we are looking outside where temperatures are chilly in the low 50's, but good running weather for the marathon. 60's downtown -- that is below average. we will talk about how long this continues and look at the rest of the weekend next. jobina: also ahead public health emergency -- the world health organization making that classification about monkeypox. what san francisco is saying about the increasing cases. the san francisco marathon kicks off this morning. thousands of runners stepping off in less than 30 minutes. off in less than 30 minutes. how today's race is different without the right start to your day... your morning could hit a wall. that's not the door. i got it! belvita breakfast biscuits are baked with slow-release carbs and provides steady morning energy to help you rise and thrive. jobina: good morning. we are bringing you a live picture from our exploratorium camera. the world health organization has declared the monkeypox outbreak world health emergency. cornell bar

reggie: we check in with lisa for a look at the forecast. lisa: it is a quiet start grade we have patchy fog that has formed around the bay area. monsoonal moisture is going to bring partly cloudy skies. you can see the clearview from our exploratorium camera. it is milder to start. patchy fog at the coast in the 60's. kumasi: new information about an investigation happening overnight in oakland. police are investigating a deadly hit-and-run between 61st and 62nd avenues. officers found a 60-year-old man lying in the road. he died at the scene. investigators are now looking for someone who drove off either in a white or silver pickup truck. we will let you know as soon as we learn more information. reggie: a protest is planned to demand more doses of the monkeypox vaccine. the city health department says it needs 30 5000 doses. the federal government has only agreed to send an additional 4000 at this point. the vaccine is in short supply across the country. the problem was in full view at a vaccination event the san francisco aids foundation

lisa, i know you are remaining hopeful. lisa: good morning everyone. cloud cover out there is a stock from low clouds at the coast to mid and high-level clouds moving out from southern california. it is sunny in the inland valleys. look at the clouds from albany to san francisco through nevada. sun at walnut creek. 58 downtown. 62 in oakland, 66 in san jose. right outside our window there's a lot of clouds. temperatures are milder. 56 in santa cruz going for a high in the mid-70's. mid 70's and lend by noon. cindy of son inland. -- plenty of sun inland. it will be gusty at the shoreline, only in the low 60's, a little cow average around the bank with upper 80's inland. we will talk about more cows -- clouds. liz: and theya millions layer is waking up wildly. one ticket purchased in illinois last night matched the winning numbers. one ticket purchased in california matched five numbers. that ticket is worth more than $4.2 million. it was purchased in fresno at avon's supermarket. people across the street and bay area were dreaming of strike it -- striki