>> there is a lot going on and it is getting easy to be bearish. >> of slowing growth in the second quarter, and at the same time inflation pressures. >> we think there is a strong momentum given 3%. >> i do not think we get out of this mode anytime soon. >> there is a note -- recession in the next 12 months. >> this is bloomberg surveillance with tom keene, jonathan ferro and lisa abramowicz. >> good morning. we are on radio and television. and historic wednesday.

you can join us. we look forward to that, but far more important, history in washington at 9:00. >> 60 minutes away. the president of ukraine with several expected in that address. on those requests. >> the delivery part of it will be interesting. president biden will push away from the request of the gentlemen of ukraine, but the votes have it's a combination of moscow develop its and a mixture of what the fed will do. >> with authority supporting the market on the fed. we know what they will do. high interest rates. they are cutting a growth forecast and inflation forecast. it is eight. clock, and the emphasis in this conference with the chairman. which chairman will show up? something in between? >> aires summer's is writing it and linking to it in the washington post. lisa, in the unknown category

here, the unknown of a default and broken this of moscow. lisa: we are getting a positive tone and rhetoric as well as moscow, we have heard this before. how much progress. what greg peterson is saying, is shifting a bullish stance on longer dated bonds, saying this is a game changer with respect to what is going on in eastern europe. how much will that be stressed in today's meeting? tom: he'll have another. he will return to a starbucks if they do a changing of the guard here. let's get to the data. a man showed up from j.p. morgan. we have to talk to him. futures are up 57. the vote, the vix, up 35. the world was moving to an end, we moved to a better s&p 500. jonathan: equities are lower, and bond yields are higher in

treasury. much higher in twos. they are spread wider. starbucks, never good when you are retiring in the stock flies higher. 9% on starbucks in the premarket. schulz is back as the interim ceo. kevin johnson is out next month. tom: there are details i don't care about. there is news out of chelsea, but on a serious note, we are talking to michael, the ceo jp morgan, the investment manager. i just want to have my bracket completed, and gorgonzola has gone all the way to the finals. i am looking forward to that. >> owen put too much money on that. >> i don't go with yale. i had to go with purdue because the woman from purdue signs my paycheck. on a serious note, chairman powell faces serious consequences today.

what is the biggest focus to get to the autumn of this year? >> it is interesting to me if you go back to january. you walk into this year surprisingly hawkish, and that caught the markets of -- off guard. i want to see if they opened the door to 50 basis point hikes and how soon they will do. i am also looking at a quantitative tightening. how fast will they roll that forward. i think they will bring that forward to june. lastly, i want to see a trade-off between growth and inflation. for short, growth will slow down, and at the end of the year. but if inflation is still high, i think the market will back off of it. i think the market will be surprised at how hawkish he is today. how focused on inflation he is today. let's go to that point by point, start with the. clock, for 20 23, it is at one 65 for it for 24, a little north of shift are you expecting? works well, -- >>, well.

what i would like to see, is i would like to see the dots for the end of this year at 2% and i want to see if anyone has the courage to put them at 3% at the end of 2023. that's what you want to happen. what do you think will happen? works i think they'll do it. i'm certain they will do it. i think they will throw in a 50 at the may meeting, and 620 five basis point hikes at the other six meetings this year. >> where is the tightening fit into this? where can they execute the shrinking of the balance sheet? >> i think they will announce it at the may meeting. they will do it in june. all of it gets pulled for. they've already made one policy errors so far, by letting inflation get to where it is. we are look at the dallas personal consumption expenditure. it is close to 7%. that is without all of the

inflation that is going in the pipeline now that we are going to see over the next three to six months. they've got a lot to do to lean into inflation. i think what you're going to hear from them is that if there focused, even if it means sacrificing growth at the end of the year. >> that is exactly where i wanted to go because you are saying that they already made huge policy errors. but the inflation inputs are out of their control. they are commodity driven and they are driven by the pandemic era distortions, so at this point, is that the only tool they have two slow the economy, even further. >> not everything has been out of their control. there are a fan off a lot of things that have been in their control. look at the price of new homes. look at the cost of shelter, the cost of housing. that is going through the roof. why? it costs more print it -- if it cost more it costs more to finance it.

they should stop purchasing mortgages from six to 12 months ago. that would've slowed down the housing market. i think they have a tough summer ahead because there is a lot of pent-up demand and you have to be satiated. that will happen over the summer. i see the toughest month for them to get through is so i. >> we have a ton of money to put to work. where are you going to put it? works as you know, we walked into this year somewhat concerned and conservative, thinking things got ahead of themselves with raised cash. we are putting it back to work. over the course of a couple of months, we have a years worth of repricing. we are looking at high yield, for example. we came into this year as an all in yield around 4%. we are now at over 6%. if you look at investment grade credit, spreads have gone up from 80 to 90 basis points to 100 basis points. yields are up 1.3 percent.

there are is a lot of concern about what is going to happen to corporate america, or to europe. we think there will be more resilience and a lot of investors that anticipate, and there is a lot of cash on the sidelines. there was a lot coming in this year. because of the de-risking. more has built up. i think you're going to see that put to work in the second quarter. >> friday evening at 7 p.m., you are gaining liverpool's next victory. i am reading it cover to cover it with weekly prospects. your colleagues katzman and verrilli, what does it tell you, given hired yields, what will they do? my problem with the doom and gloom of moving up higher yields is that foreigners show up. >> they do. you will see some of fact in the coming quarter. purser, you are not going to see the bank of japan raise rates. for sure, they will still hype this year, but they will talk it

down to the back end of the year. that money will look at the higher yields, and come in. it is why you don't get 83% 10 year treasury over the next couple of months. can we get there to the end of the year? with the inflationary pressures, you will get there. >> would you like to see that cop to chelsea? this is a red sox and liverpool man. would you like to see that happen. >> there are so many things that are bad and that question. imf philadelphia guy, and now i am a liverpool supporter. this is just a bridge too far for me. >> how did this happen? how did it happen? >> it is a very long story, but i spent nine years in london, and we landed in london the year that england beat germany, five to one. michael owens scored a hat trick. we looked at michael owens, and who did he play for? liverpool. >> thank you.

every time bob comes into the studio, we try to get him to become a liverpool fan. >> is not. good morning to everyone supporting the cubs, and it is going to be a lot. you wonder what they will do around all of this. i observed the american acquisition of the premier league. is that what is happening? work site think american billionaires are more easily passed that proper test. ownership of properly clubs, and it will get a whole lot harder in the future given what has happened with chelsea recently and they controversy around newcastle recently as well. picking up starbucks in the free market by five point 4%. we touched on it briefly. we didn't show much interest, but it will come back to it again. how much chelsea is back is interest -- interim ceo. johnson said that a year ago, he was considering retirement after the pandemic. i guess the pandemic is nearing its end. >> i can't think clearly on the

story. the middle child spent so much time at starbucks, howard one center a goldplated metal card so she could going to starbucks to get free coffee. what is the cost for one of those drinks. >> seven dollars? >> the key aspect to me for the card, thick card that she got, 1.4% it is versus an 80% gain on mcdonald's. basically, why are they doing breakfast better. then starbucks. >> one up. >> i think with mcdonald's, there is a much more good menu with hashbrowns, and what you do is you get a mcdonald's breakfasts, seamless, if you tell your father to lawyer for him. >> is actually going away.

>> she's on one on that. >> you enjoy that. >> i'm going to chattanooga next. a tennessee bracket. >> 1.4% on the s&p, hired with the yield by couple basis points. the fed decision is later today. >> with news around the world, first word news. the kremlin is talking about programs in peace talks with ukraine. russian spokesman says the ukrainian proposal will become a neutral country to repay its own armed forces. there certain kinds of compromises, and talks between the two sides are underway. less than one hour from now, the ukraine president will deliver a virtual address to the congress. in china, stocks surged after the government promised to bring an increased economic growth.

hong kong and china stock was the lowest in 14 years. it is trying to ease up fears on risk of the property market. over internet companies and economic leaders have all been told that new lows will grow properly. a change at the top of starbucks. the ceo plans to retire next month it the founder of the coffee shop chain will retain as the interim ceo. they will also join the board. it is a profitable year for starbucks which faces rising costs and growing unionization surges. global news 20 for hours a day powered by 2700 journalists and more than 100 20 countries. this is bloomberg.

>> aggression occurrence ukraine. it is uniting people all across america. a united the world with us. security funding will go down with authorities in this bill. we are moving urgently the further to augment support to the brave people of ukraine. as they defended their country. >> the president of the united states, 42 mitts from hearing from the president of the ukraine later this more impaired we will have full coverage of that later on bloomberg. 1.3 percent on the s&p 500,

nasdaq up by 1.9 percent yields higher by a couple of basis points with 216 to 17 on 10. a fed decision around the corner. around the corner may be a russian default, maybe. two interest payments are due totaling $170 million in dollars. we are hearing in a report from russia, citing a russian finance minister with note info yet for coupon payments. let me go through this again. the coupon payment may not be with the holder print is that we were talking about? >> it is a messaging exercise. we want to pay but we are not able to pay because of sanctions. is that going to be what we see, and try to a full defaulting -- to avoid defaulting in this process print that is the big question. >> we are looking for more details, but that is the latest from the russian finance minister going to one report out of russia. >> our goal for this invasion,

this war, or as mr. putin says, a special operation, it is to bring guests of authority and earned expertise. joseph stalin has one of mr. putin's first wars in russia. it is violent and brutal. we encourage ian kelly is the u.s. ambassador to georgia it's --. he is serving, and joining us now with the academic side of libya, and his academics out of northwestern today. investor kelly, welcome to bloomberg. wonderful to have you today. my book of the year is angela stents, prunes world. you use in class. what does putin's world look like. >> it looks very circumspect. he started out telling the russian people that they were going to be able to become fully

participatory in international financial systems and travel. able to use and hold in their banks currency. able to use worldwide credit cards and of course, that is now come crashing down. putin's world is now very small. >> let's go to your expertise and i don't want to make allusions to hitler's, but all of the work, including his battle with georgia is with a slavic certitude. you have studied the slavic nations and the language. is that breaking down for mr. putin right now, that certitude of the russian and slavic experience? >> i think he made a serious mistake in thinking that the ukrainians would welcome their eastern slavic brothers.

what he is trying to do in ukraine, and what the idea he has been doing with belarus and because extent, where there may russian speakers, he is trying to create a russian, to create an moscow centric community, and he wants to rebuild the soviet union. but he does want to restore eastern slavic homeland or community. the ideas that there are borders between russia and crane. it pains him. what pains him even more is that ukrainians want to orient themselves towards the west and not towards moscow. >> as said today, we have a series of headline saying that talks are ongoing and seeing more real estate between ukraine and russia. do you buy that given we cannot reset the clock and go back to where we were?

or nato troops are on the borders of russia. does that mean a ukraine that is living with a scarred history? >> it was impossible for anyone really. to see how there could be a diplomatic solution based on putin's initial maximalist goals, which included a decapitation of the ukrainian government, and what he called the demilitarization of the ukrainian armed forces. he said this was falsely being controlled by the united states and nato. it is interesting that you are starting tuesday -- starting to see a change in rhetoric. not the team mastication of the government. they are talking about the ukraine being neutral. not joining nato. that, i think, is significant.

but whether or not it is a sanction of hostilities because the new demand that they put in is a recognition of crimea and eastern ukrainian enclave, and i can't see that being given up with sovereignty for a big trunk of the territory. >> can i jump in quickly? we had a headline about how to get more military. why would the mixed be an escalation? why is the united states declared that escalation if they were to do so? >> what it is, the polls want to send planes to rom stein air force base in germany. and have the planes funded -- flown in from a base in germany. it is the origin of the planes which is giving washington

pause, and i think that they are overestimating the possible risk of flying from a u.s.-based, and that is my understanding. >> thank you for the clarification at the end. a former u.s. ambassador georgia. just ahead, from representative congressman adam smith of the armed services committee, the chairman, saying we must figure out a way to get the ukraine more resources. >> adam smith is not just another resource -- congressman. he is someone who served 13 terms, 26 years, in the supply of services to the military. he has real experience. i've been reading about the drones, but it is a new year of guerrilla warfare. everyone wants drones. >> it's historic. later this morning, we will have the president addressed congress, at 9:00 eastern time.

we are expecting some requests of the government for more military help. what will the follow-up look like from the white house? that is the discussion through the date on tv and radio as we count you down to the fed d session -- fed decision.

>> it really is that kind of morning. we need to mention it. retail sales are seconds away. futures are up by 1.2 percent. the s&p, coming out right about now. the case for low bit more. >> good morning. we are getting import prices before the retail sales report comes out, and import prices on the month. 1.4% on the year. they are up 10.9%. that is a take higher than they were. they are importing inflation, and that is oil. retail sales have been on top of consumers falling off, and we saw that in february. retail sales on a month over month basis are up just 3/10 of a percent. in january, they were up 3.8%. the forecast was 4.4%. take out auto and gasoline, and

retail sales dropped i .4%. a big contribution it looks like from gasoline, and the retail sales control group which is the one that economist like to follow because it sort of goes into gdp, that is down 1.2% after a 4.8% rise. the month before prayer is still waiting work the revision of that, but it does suggest that rising inflation and more fears during february. it gives way on the consumer. >> just coming through for the previous month. that is a revision. >> it does come through. the headline rose 4.9% instead of 3.8%. auto and gas up 5.2 instead of 3.8. and the core rate i was talking about. 6.7%, after it had been listed as 4.8% what economists would do, and the fed would do, combine the two months and look at the two together.

and say, retail consumer is hang in there. it is not a good trend but it is a one-month trend it it is always heavily revised. >> here's the question, and i will ask the same question of dana peterson. we need to get opinions that are important. these are inflation top numbers. these are nominal retail sales. how does this explosive inflation changed the usefulness of this data. >> it does change in terms of -- . >> the fed will do. good example, gasoline sales are up 5.3%. we know that they were up significantly in february. nothing like where they were in march. but they were up, so you can see the contribution that inflation makes to the overall level of retail sales. >> that is exactly the point i was trying to make. >> from you.

>> these are nominal rates of retail sales. that means that frankly, on an inflation basis, you are seeing a decline. >> a significant decline. let's talk about this. michael mckee, is are such a thing as real retail. >> you don't get it from the government, but why not? it does deflate the numbers. you can see what they are. you have to not just add an inflation figure, but an inflation figure for each category because the prices have gone up more. >> and my out of my mind to go with knoxville and chattanooga. it is so romantic. they are now or in a half from each other. >> >> as far as i know, you are never out of your mind. >> let that one go. >> will have to fit this headline and from our spokesman. >> to bettinger from chelsea. we are getting confirmation. ken griffin, and he is doing it

for them. out of the bidding group, with chelsea. >>, make a suggestion for the griffin combine, they can basically write out a personal check and just say it works. >> you have to clear of how it works. yet to be serious. can you imagine the amount that it would take to make this work. the final bit of the football club on friday. >> going make clear that the prime minister of the united kingdom has been very overt in his travels to saudi arabia. right now. i've been going to suggest that any transaction involving the gentleman from chicago will be reviewed by 10 downing street. in my off the mark? >> the premier li kester reviewed as well. they have a fit and proper test for ownership. the buyer, and let's face it, with the cubs and ken griffin, you'd imagine that fire is a proper owner of a from really a book team. the other bit is a serious group

of consortiums coming together, let's with the number is. you have to put together by the end of the week it >> will have to see. >> let's move on, and were moving on with 30 mental way to history in washington with a gentleman from ukraine speaking to congress. we made allusions of that at 41 churchill, but it is too long at the moment for an economic vision with a conference or a great research capability. >> we are joined right now. >> what is the single preference distinction in your daily collection. what is this conference of america right now that matters. >> it is consumer confidence, and our last survey was from february. it was very clear that consumers were still looking to spend, but they are becoming very frustrated with inflation. surely, there are concerns about rising interest rates, and

certainly, with the war in ukraine, inflation is going to become even worse in our view looking ahead. >> do you think and beat sumer sentiment is curating more or less than people seem to think when they look at the university of michigan surveys. we look at the actual retail sales as the numbers come out. >> the university of michigan, their measures are very closely aligned with the financial markets, and our measures are more aligned with labor markets, and labor markets are doing very well. we saw that in the last employment. healthy gains. very healthy gains for fewer people unemployed, and a little bit of improvement in the produce patient rate, and we are seeing strong employment environment. that is reflected in our measures. we have not gone as much as the universe emission, but are inflation expectations gauge continues to rise, and when we as consumers what they're worried about, they say look, inflation is just hasty for us.

looking ahead, we need higher prices for food. energy, metal it weiss is relevant? who goes into everything. we see higher costs from each and gasoline prices, they have doubled so far. even metals. semiconductors used rare earth metals from russia and the ukraine. they will be more expensive to buy like computer chips or cars. cell phones. other gases. >> if you take a look at the numbers we discussed on retail sales, yes, the revision was higher-than-expected, but we did see massive deceleration and decline, and this is on a nominal basis. it is essentially a retail sale declining, at a pretty significant case. are you concerned about that? is this something you are watching as a warning sign that consumers are not going to observe the cost? >> if you look at it on a real

basis point, they are negative. in terms of sales. it is not terribly surprising. you are such outside sales in january. it is really not -- you cannot have increases like that on a regular basis, so you add the months together, but we are very worried. again, with prices rising, to -- people are going to stop spending. who will be watching closely on her next report to see if people are souring on things like vacation. >> we were to greg peters. under 2.5% economic growth. 18 months out. let's call it 2023. what is your thought of that? do we get down solidly under 3% growth from a year for now. >> yes. the board has downgraded the forecast this year. we had three and a half percent.

if you look at quarterly averages, quarterly annualized numbers. 2.5 percent rate. you can see 2.5%. >> thank you. as always. for your response to retail sales. here's one for you from the president of the niceties. oil prices are decreasing. gas prices should do. on twitter, the president said, the last time it was $96 a barrel. six to a gallon for gas. oil and gas company should not pad their profits at the expense of hard-working americans. that was from the president meant to go. >> we apologize. we cover the markets, we all know, all of our listeners, these are extra ordinary times. hydrocarbons, globally, domestically, on the island of manhattan, over the next week or year, it is completely impossible. they're too many moving parts.

>> at the moment, the oil producers are in a rock and a hard place,. >> therapy gaston do more, with volatility. it is unclear whether investments will be worth or not. who knows where the price of oil is. we go back to a consumer of oil. >> a corporate consumer of commodities. how do they hedge against such volatility. how do they start to prepare for all of this fluctuation in-based prices. how did the airlines do. >> we have to go to jet fuel. we heard from airline yesterday. fully exposed. >> fully exposed, and basically, kicking up the ticket sales by $10 each. depending on the crude level. how much will this become the norm? >> the demand is remarkable. >> i've heard anecdotally from failing members. >> i don't know what else to say. everyone was to travel. all source institutions are

taking nasa. they are pushing against the gloom out there, including more expensive fears. >> depending on the origin, and you can get them on the phone. >> if you want to talk to them you can. >> we pushed a button. >> we did. >> even trying to call recently. >> i tried. >> would like to send a message. >> i said no. we're working on it. >> doing to send a message to 10 downing street. >> unhappy with british airways. can get them on the phone. on the s&p, and nasdaq is up by 1.6%. can you tell that he goes away. >> no clue. >> no idea. >> lisa. he said patco. -- he is simpatico. truly historic. a wartime president addressing

congress. the president of ukraine, the linsky, on tv and radio. this is bloomberg. >> keep you up-to-date with news around the world. first word news. russia is signaling that the idea of swedish neutrality is under discussion with ukraine. the ukrainian president has become you -- a neutral country, but this will be you to the compromise. coming at the top of the hour, the ukrainian president will deliver a virtual address to the u.s. congress. china denied the invasion of ukraine. in the washington post, the the investor to the united states wrote that had they known, they would've tried their best to prevent it. the assertions that china tacitly supports this is disinformation. south korea says that north korea had a late missile test.

it came days after reports of the regime trying to buyers first icbm in five years. it is presumed to have failed shortly after launch. in sports, ken griffin and the chicago club reportedly teamed up to make a bid for the chelsea football club. no details on the offer yet. the owner has sanctions from russia. that complicates plans for sale the team. global news, 24 hours a day, and on uber quick, powered by more than 2700 journalists and analysts more than 120 countries. this is bloomberg.

>> for many people, not all, but many people have a job at an office. they are not going to be

required to come back to the office five days a week. i don't think ceos, per se, are going to determine these policies. i think workers will. all ceos want is talent. and flexibility will be the second most important benefit of the conversation. >> thank you so much. good morning. that is brian chesky with david rubenstein. we will talk about that in a moment. headlines are extraordinary. there is a headline that is moving the market. it is distressing, to say the least. this is in turkey. they are talking about the denazification. the market is absolutely halted on that headline. >> how much is that code for some sort of regime change. surgery lavrov of russia says the ukraine demilitarization is a denazification. that is been what they call the president of ukraine, who is a jewish individual.

he is also a holocaust surviving family member. we are going to have a different conversation with david rubenstein. we are celebrating his interview here. let's do they -- that quickly. who is he, n.y.c. jermaine. >> brian chesky is one of three people started airbnb, which is a phenomenon among young people, but also it alleged people. it is relevant because as the world is changing, and people are not coming to the office is much as they used to, they work remotely. or and more people are using airbnb to relocate themselves, and in fact, roughly 20% of all of the people they use airbnb use it for 30 days or more. and half of the music for one night or more. is not an overnight thing. it is changing completely. the perception is different from home. you can stay much longer than you did before. and this company is doing quite

well. >> the future of airbnb, in some ways, it hinges on the future of work from home. on the future of the ability to take one month and go to hawaii and spend it there. how much on wall street is that really going to be the story when you see the likes of goldman sachs and jp morgan really emphasizing working in the office. >> these are unique and unusual firm centered in new york's financial services. the average personal does not forget goldman sachs. they can work from home, or they can work from remarks sources. -- remote sources. after the pandemic we went through, people are not going to come back to the office five days a week in the same pattern we had before. airbnb is going to have capitalized on that. it already has. it has done quite well despite the fact that initially, when the pandemic came about, airbnb was in big trouble. they were not traveling at all. they were doing quite well.

>> go ahead lisa. >> this is an interesting moment because we are talking about work from home trends. we are talking about the return of augments of crisis. i wonder, as the head of a company, trying to head with an investment company talking with heads of companies. how are people rethinking the business plan on the prospect of a prolonged commodity price. prolonged disruptions beyond the pandemic. >> all employers are looking for it is not as easy as it once was. you cannot come back and they will all come back way they used to. we also have a hard time getting employees, and committing to companies. you have to be more tolerant of what employees want to do, employees have hastened to idea that you can work a couple of days a week, or even remotely. on the whole, this changes how people work for the future.

airbnb has taken advantage of that because it provides homes or other apartments to people who can take away a week or a month or more from a place where they are supposed to be in the office, working. >> yesterday, after a 10 year battle, real illness from michael price, the great value investor, he used to wear a yank the square to activate me on set. tell our audience worldwide. >> michael price is one of the best value investors we have ever said -- scene. warren buffett is the best. michael price was trained by someone else and he took over a firm many years ago from a mentor and built it into a powerhouse and became not only a great philanthropist, but a good sports fan from his stake in the new york yankees. >> what's important is the grace of it. the modern-day stark of the modern-day -- we lost the grace

you would see from michael price are john templeton and the others. >> folks like john templeton and michael price do not brag about themselves. >> not at all. >> they are modest people. he was not a headline person. most people in the investment world to know him, and outside of it, very few. he was seen as a class act and a smart person. he was very philanthropic. >> thank you for joining us. we look for to seeing that. particularly on russia. the airbnb ceo, on the david rubenstein show. 9 p.m.. we are upon, and seven ms., a most historic moment. in washington. >> volodymyr zelensky is addressing both houses in congress. possibly for a no-fly zone, possibly for more aid. possible for drones. >> we are going to bring you headlines. russian turkey are friends, but also saying that the priority right now is some sort of cease fire and mary a pole to evacuate

siblings. that is a big issue. turkey's meeting with both sides. who is going to be a mediator is a big question. they are trying to throw their hat in the ring as well. >> we are talking to both sides of the power, in istanbul, and of course, they have shut it down with a general sense of traffic. we are looking to the line a moment ago for radio russia. they see that the demilitarized a, do not vocation, and brought things to a pause. >> how does that correlate between neutral and having a protective army. it doesn't. >> the army talk is realistic. >> that's gotta be the headline of the day. amidst the constructive tone we have seen built through the day. we are witnessing the horror of road -- war. we will have this on radio and television for this momentous

moment, harkening back to winston churchill 19 41. a speech to washington. we have a team with you. radio, television. please stay with us. this is bloomberg. good morning. we >> we eased into the quarterfinals with a straight set win over harriet dart. the 47-year-old dropped five games for victory. that is just over an hour. >> i definitely think having such a great game after having such a great opportunity in the second set, and not capitalizing on them, and being able to serve it out, and i was a little bit nervous, but being able to do it was the good part. >> later, john overpowered diego

on his way to the round of 16. 13 aces. the american advances as he looks for the first title of 2022. don't forget, extensive daily live coverage at 1 p.m. eastern.

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jonathan: good morning. equity futures positive almost one person. count down to the open starts

right now. >> everything you need to get set for the start of u.s. trading. this is "bloomberg the open with jonathan ferro" ♪ jonathan: live from new york city, we begin with a big issue. president zelensky of ukraine set to deliver a rare one-time address to lawmakers as russia continues to attract -- attack ukraine. in just a moment, we will get an introduction from beaker pelosi before zelensky speaks. what will be the request? >> he wants the united states and others like nato members to shut the skies over ukraine. he is going to likely call for a no-fly zone.