dani: good morning and happy

friday. this is bloomberg daybreak: europe. these are the stories that set your agenda. i year of war. today marks one year since vladimir putin invaded ukraine, prompting the biggest mobilization of support by western allies in europe since world war ii. we are live in cap. u.s. futures and treasury yields declined before today's pce data. jamie dimon and larry summers worn of economic storm clouds. the nominee to become the next boj governor says policy normalization will need to be considered if the outlook for prices improves. the yen treads water. not a lot of action to start your friday morning but that's because the action will come later. we get the pce data. will it come in hotter than what the bloomberg survey says right now? the expectation is that it will come in at 4.3%. inflation has been surprising to the upside. where do we stand right now on this equity market?

we had a rally in american equity yesterday. of course, that's taking a breather. you don't want to put too much risk. you are seeing declines in asia. tech stocks leading the way down this morning. they did very well yesterday in the u.s. session. it was all about nvidia. s&p 500 futures treading water. euro stocks able to put in some gains, for tens of 1%. treasuries are holding onto their gains this morning. yields slightly lower. we had a big pickup on tuesday, about 15 basis points. a third day of yields coming back in. will that last? we will get into this with annabelle droulers in a bit. the yen is stronger. the boj governor nominee testifying, he talks about exiting yield control but only if we are sustainably at the 2% inflation target in japan. perhaps not enough to change bets around him.

sterling is seeing strength this morning overnight. there was a new piece of data out. consumer confidence jumping the most in two years. brent crude is now rallying it for a third day. i mentioned the yen and asian markets. let's go for more of it in detail. annabelle droulers is standing by in our hong kong studio. take it away. annabelle: you just mentioned the big headline today for us in asia. the japanese lower house. this is part of his confirmation hearing so take that pole position from kuroda when he steps down. it was the first transfer investors. he was someone that was relatively unknown to the international community. what tone was he going to strike on the path of policy ahead? it seems like it will be more of the same. how investors are reading that. we are seeing fluctuations in the yen throughout the session. bond yields taking higher.

you also have that readthrough of what we are getting from strategist for the equities picture. we do expect the boj to stand pat for some time to come. a dovish signal coming through as well. the nikkei climbing into the afternoon session. bank stocks are still under pressure here. we have seen the topics index rising about 10% over the course of this year versus the broader gains. a lot of investors really have been expecting some sort of normalization to be on the horizon. the other story that you mentioned is what we are seeing and tech stocks. it's not just the story of inflation fears or a recessionary outlook. also what's happening domestically. we had so much anticipation around the reopening theme in china. wasn't on a steady footing. investors are waiting for some study signals to start coming through in those earnings. alibaba numbers just out. the stock down nearly 5%. it wasn't just because we saw

that return to profit for the first time since 2020. the big concern was on the outlook for consumption within china and that doesn't look strong. that's weighing on the broader csi 300 as we head into the afternoon session. that's what is dragging down that broader asia benchmark. dani: let's change focus now. we are going to have team coverage for you as we mark one year since the war started in ukraine. oliver cook is live for us in kyiv. rebecca choong wilkins has the latest on chana -- china calling for a cease-fire. it's been one year since russia's invasion of ukraine. ukraine's president calls it a year of pain, sorrow, faith, and unity. the u.s. has pledged another $2 billion package for ukraine and vowed further sweeping sanctions on russia's economy. let's get to oliver. i year on. where does the situation stand?

oliver: that's right. i year ago, this city was awoken by the sound of explosions and aircraft across the nation. later in the morning, we saw the images of those russian convoys rolling into ukraine, crossing the border into ukraine. i year of covering this and we forget the shock of those images that we saw one year ago. kyiv didn't fall. another war in europe. as you cross over and take the chain from warsaw into kyiv, the last place you pass had a horrific massacre of civilians. you realize how close the russian military was to the seat of government. a year later, kyiv still stands. ukraine continues to fight. the cost has been immense. hundreds of thousands have been wounded and killed. 8 million people have been displaced. you see mostly women on that train. men are not allowed to leave the country from the ages of 18 to 60. the fear is that this is the

first of many more to come. when you speak to the people here, there's no backing down. dani: the backdrop behind you example fisa fact that kyiv is still standing. it still looks beautiful. there is still more to come. so what is the path forward as the country is still in the grips of war? dani: -- oliver: as you see, everything has devolved into trench were care -- warfare. russia appears to be. in order for it to be embraced for that, it's dependent on the united states and support from the rest of the world. 27.5 billion dollars worth of military aides at the united states has provided. when biden came here on monday, a huge vote of support for ukraine. a massive symbol. they will be here as long as it takes. will the american people be there? will domestic support endure?

this is what zelenskyy has been good at keeping ukraine front of mind. munich seeker to a week ago. he will speak later this afternoon but it's difficult to see what the path to peace is here. dani: we will be coming back to you throughout programming. estonia has committed the most aid as a percentage of gdp to ukraine in the world. over 1% of total economic output . the country's prime ministers as ukraine needs all the military support possible so they can defend their country and defend freedom. speaking extrusive lita bloomberg, western sanctions on russia are working. >> russia can't be crushed because nobody's attacking russia. there's one aggressor and one victim. russia has attacked ukraine and ukraine needs all the military support we can give so that they can defend their country and they can defend their freedom. >> thank you. in terms of sanctions, what needs to be done next with

sanctions? what is your understanding of how well sanctions are working on russia when we are seeing russia's official statistics showing that its economic decline is not as big as earlier predicted? >> the sanctions are working. otherwise, putin wouldn't bring this up all the time or the russian propagandists saying, lift the sanctions or nothing to see here, everything is fine. they are working. what we have to work on the european side is to deal with the circumvention of sanctions. that they actually work and there are no loopholes. that is something we have to move on with, making circumvention of sanctions criminalized. >> what is your prediction on when and how the war will end? >> the war will lend when russia realizes it was a mistake.

when is that? is very much related to the army doing the way they are. we provide ukraine and the military hub. the signal to the army could be also that you can't really win this. we have seen russia realizing before that war in afghanistan was a mistake. they went back to their country. this is something that we need to see, that russia goes back to their borders and then the war will end. dani: estonia's prime minister speaking exclusively to bloomberg. china has called for a cease-fire in ukraine. it's a bid to portray itself as a neutral actor that can help and russia's year-long more. for more, let's go to our asia government and politics reporter. break down this proposal for us.

rebecca: ultimately, this much-anticipated 12 point peace position paper is not a plan per se. it calls for a cease-fire between ukraine and russia. it calls for an end to cold war mentalities. really, what's most striking is what is not in there. there's nothing about the removal of russian troops from ukrainian territory which is the redline that many european leaders see as a necessity to end the conflict. that again echoed by the estonian prime minister. in a way, as much as china has tried to portray itself as a broker of peace between russia and the ukrainians, in some way this proposal has very much revealed its ties with russia rather than portraying anything that's close to what the u.n. proposal has put forward. 3 ok.

-- dani: ok. thank you very much. now, please stay with us. join us for a one-hour special on ukraine, one year of war. that will be at 9:00 a.m. u.k. time later today. really important conversations we will be having in that hour. coming up, we hear from the nominee for the boj governorship on the potential for policy normalization. how far away is it? plus, nigeria heads to the polls this weekend and what could be the biggest democratic exercise in african history. we are live in nigeria. this is bloomberg. ♪

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further and that improvement is clear, the boj should consider yield curve control with a view to normalization. dani: think of the governor nominee there speaking about the way forward for central bank policy. let's talk about this and bring in garfield reynolds. on one hand, you could say he's talking about normalization and end of yield curve control. they need to get to sustainably 2% inflation. who knows when that will happen? what were your takeaways on what we heard from the boj governor nominee? garfield: the way it ended up came across as a continuity candidate. he started out sounding a little bit unsure about exactly how committed he was to sticking with policies of his predecessors and taking a gradual approach. we had some gains early on.

probably the biggest sign right from the get-go, japanese bond futures were well bid. they traded up. they got as high as 36 up during the session. they did come back a little bit. now they are back up to that 32 level. so the bond market liked what they heard. no great surprises there. yields creeping down a little bit. probably that was helped by a general risk off tome -- tone that seeped across the asia pacific. equities were down in a lot of places. taking that is the context, japanese government bonds, the yen is strengthening a little bit now. it's hard to dissociate that from the grub -- broader moves. there was a strong gain early on. that was taken away.

it made it clear that he is a long way away from doing anything in the near future. dani: can we get any surprises from the boj in the meantime? we have one in march, right? is there a chance that we get a surprise even before he's at the helm? garfield: as long as kuroda's head of the boj, you always have the possibility for a surprise. usually he has managed to surprise by doing what he was expected to do, but doing it in a way that nobody quite expected him to do. however, there was some speculation earlier this month that kuroda could try to set things up for his successor by introducing a wider yield band or some other sort of adjustment that could pave the way for normalization.

it also raises the possibility of changing the target, making it five-year bonds instead of 10 year bonds. there are those left field possibilities. however, the way things have been developing, it looks like the preference is for kuroda to stick with things as they are and for him to take a very cautious approach. in particular, pointing toward expectations that the february inflation data which show a slowdown in inflation, which show signs that some of those pressures are peaking. if that's what the thinking is at the boj both old and new, it's hard to see a major change in that last meeting in march. dani: maybe he just wants one last surprise to sneak in there. garfield: always possible. dani: garfield reynolds they are. from japan to the u.s., we will

be getting personal income and spending data and the latest pce deflator reading later today. larry summers says he sees worrying signals in the u.s. economy. he spoke with bloomberg's david westin. >> as the figures have come in and particularly the figures on non-housing services look to be running way above target level, i think the chances of a soft landing, which looked to be getting better a couple months ago, i think are now receding. dani: he's not the only one talking about uncertainty. jamie dimon says he sees scary stuff ahead for the u.s. economy. what a phrase. the j.p. morgan ceo listed a series of obstacles such as the war in ukraine as reasons for that high level of uncertainty.

that is perhaps why data has been surprising. we are back in this environment again where economists are having a hard time calling the numbers coming in. let's get to those numbers. valerie tytel joins us now to look ahead to the u.s. data. what are the consensus of what we are expecting today? valerie: this is the third major inflation index we get from the u.s.. we've already had cpi and ppi. those both came in hot. we have seen them revise their estimates higher. i will be watching the core pce month on month number. economics has this coming in at 0.5. this will show some unsettling things that the fed isn't going to want to see. one of which, corkage. the disinflation impulse is going to reverse this month. secondly, if the fed needs to realize this 3.5 inflation

target by the end of the year, they need to see the disinflationary impact come from the more sticky components. that's core services, housing, unlikely to be realized in this print today and it may unsettle summit the fed. we hear from three of the most vocal hawks so keep an eye out for their comments. the market is going to be focused on if either of them will tell us definitively that there. has moved higher, that their terminal rate as implied by that dot plot has shifted higher. one can say that maybe the market has front run a comment like that. the terminal rate for the month of january has moved 50 basis point higher over the month of february. it's been quite a month for the front-end. the market will definitely react if either of those hawks tell us that it has moved higher for them. dani: more chances for volatility. it never ends. nigeria heads to the polls this

weekend and what could be the biggest democratic exercise in african history. we are live there and we bring you the latest. this is bloomberg. ♪

♪ >> this is more than just nigeria's first deepwater port. it represents new hope for africa's biggest economy. officially opened in january, this billion-dollar chinese built seaport could help nigeria regain its status as west africa's most important maritime economic power. >> it's a massive infrastructure. we are excited. something fresh into this country. >> expanding airports across the country are additional big-ticket items that china among other international

lenders have helped finance over the past decade. but dwindling foreign direct investment and corruption have hampered the nation's development. decaying port infrastructure has led to cargo being diverted to neighboring countries such as ghana. this fueled higher domestic prices, contributing to nigeria's 22% annual inflation rate. authorities are now counting on leckie to help reverse these problems. the port rams up operations and hopes are high that such projects will enable nigeria to achieve more of its economic potential. dani: also in nigeria this weekend, folks had to the polls and what's likely to be the biggest democratic exercise in african history. it comes amid widespread shortages of gasoline and banknotes which have led to protests and chaotic scenes at gas stations and banks across the country. jennifer zabasajja joins us now.

fantastic package you put together for us. you touched on some of the economic issues. what are the economic issues that voters will be focused on this weekend? jennifer: yeah. a lot of that was in the package as you mentioned your get inflation is a top concern for a lot of voters here. so are things like unemployment. what you were just mentioning in your intro, the cash shortage is something that is permeating the streets here. it is something that every day are dealing with on a day-to-day basis. it goes to show how much in turmoil this economy is. especially when you consider just how big this population is and how significant the debt servicing has been for the government. voters are looking to see a candidate come in who has their eye on getting the economy back on track. dealing with inflation, attracting foreign investment into the country and creating

jobs and opportunities. over the past few years, we've seen a number of nigerians leave the country just because they are not those opportunities for thriving businesses here. so what we are going to wait to see is which candidate is going to be that. the top three candidates have been vocal about how they are pushing for their own business friendly market approaches. we have to see when the results start coming out on sunday. dani: what about investors? what will they be watching out for? jennifer: investors are really paying attention to the significance of this economy. as i mentioned, this is africa's biggest economy at this point in time. it's also africa's biggest oil producer. if you look at the current stats, you wouldn't notice that. oil production has dropped over the past few years to a 40 year low.

that has created a lot of difficulty for an economy that is so reliant on oil. investors are going to want to see somebody who can come in and diversify the economy, usher in new forms of revenue stream for this economy especially because the imf is projecting that debt servicing at this point in time is going to cost this market 100% of its revenue. having somebody who can come when -- in with an eye on that and address fuel subsidies is top of mind. dani: thank you so much. bloomberg's jennifer zabasajja in lagos. this is bloomberg. ♪ the eagle has landed. that's one small step for man... hey, what's up? uh... houston... we have a situation. how did you get here? you're characters in our video game! video game? yeah, it's what we do with xfinity 10g. it's like, you know, the best network imaginable. what the heck is that? those are the bad guys.

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it's friday. this is bloomberg daybreak: europe. these are the stories that set your agenda. year of war, today marks one year since vladimir putin invaded ukraine, prompting the biggest mobilization of support by western allies since world war ii. we are live in kyiv. stocks, u.s. futures, and treasury yields declined before the fed's favorite inflation gauge. economic storm clouds warned. the nominee to become the next bank of japan governor says policy normalization will need to be considered only if the outlook for prices. bien treads water. we look forward to a pce that is expected to come in at 4.3%. will it be hotter than that? a lot of the data has been revised up. expectations have been revised up. you are looking at a weaker asia session being drowned vitec.

-- by tax. -- tech. you would really want to put big risk or ticket off the table, but european stocks are able to push higher. treasuries holding onto their gains. he's a continuity candidate. confidence data coming in night. let's talk about corporate bond. the longest winning streak since july. starting to falter this month. lost someone .6% in the past three weeks. the hikes keep a lid on markets. the head of european investment

grade a jp morgan joins us. great to have you. did the risk rally in january run too far? >> it's clearly running little bit out of steam release since the unemployment data on the third of february, the market has taken a little bit of a hold. we've seen a relatively strong rally since the peak in october. the market is worrying exactly about the point were mentioning earlier. there are a lot of signs that the economy is still running relatively strong and that puts pressure on inflation remaining i and central banks potentially having to do more. dani:dani: what do you make of junk debt, high-yield debt doing well? some of the etf's investors pulled over.

we are seeing steady outflows. >> the leverage in that space definitely is slightly more challenged than the investment rate side. having said that, we are very happy to see that since october, november, the market has started growing a little bit. in the new environment of higher rates, leverage is slightly more restricted for leverage borrowers and that needs to be managed. dani: i've had a lot of conversation with private equity folks who said, i found really attractive deals, but financing is so hard to come by. when does that market open up again? not that it is necessarily completely closed, but when does it ramp up to normal levels? >> the question is whether this is the new normal. really we have seen since the

financial crisis in 2007, 2008, that rates were superlow, liquidity was ample and may be more than what is normal and right now we need to adjust what we are seeing at the moment. if we are in an environment where inflation is structurally 2% to 3%, people have to accept that that is the new normal. it is actually very interesting that that is one of the reasons why we feel in vestment grade corporate's are strong positions. they are facing the competition from the private equity world and it is a bit more of a level playing field now. dani: does that mean your appetite to lend is still there, just only with the corporate's with healthy balance sheets? >> we have come through the last nine months very well in terms of our own lending, especially also in the finance space. we are able to be very

proactive. that doesn't only mean we are supporting investment-grade corporate, but we are very much open for business on the finance side. dani: how unique do you think that is to jp morgan? are your peers holding back more than you are? >> i would say we have avoided some of the big pitfalls over the last year. generally, we feel the books are starting to come off. we are very much willing to use that. dani: to the point you made about corporate's, they are stepping in where private equity can't. if it is the corporate sewer able to get the financing. >> we think potentially that will be a big driver for m&a. the big question is still a difference in perception on the

right price from the buyer and the seller. right now, the markets are telling us multiples have come down. the problem is the seller is still looking at something that is maybe a little bit historic. we talk a lot about the 12 month high. as we cycle over the peak of last year, that might help us bridge the gulf between the two expectations. dani: this huge spread between the bid and the ask. get more into that in terms of how that equilibrium breaks. does the seller come down? does the buyer come down? how does that shake until it matches up again? >> we do feel that as time passes, usually the acceptance of new levels and a new normal sinks in. that usually helps the selling party. we've seen a little bit of the same thing anything about financing costs.

we saw the second and third quarter with massive rises in financing cost and also investment-grade corporate's. that is one of the reasons why we expect this year to be a bit better as people have accepted that this is where we are and we need to get on with it. dani: even if the fed keeps going? the market can come back to life again still? >> investment-grade corporate's, interest rates were where we are right now in a historical context is probably where they need to be. it's not really elevated. whether an investment grade corporate pays a percent for its debt or 4.5, in the big scheme of things, it is still ok for them. dani: but not the rate of the move. >> exactly, it takes some getting use to. we clearly feel that people are

accepting that this is where we are. dani: accepting the new, tough reality. when it comes to the europe-u.s. divide, european spreads have come and more significantly than that of the u.s. it was fears over the war. is this a year where europe outshines? >> let's say there was clearly a risk premium for europe. we didn't only see this for european spreads, we saw it for spreads of european issuers into the west that has clearly been priced out the winter hasn't been that bad in the war for the moment has been a little bit more restrained. the real question is what the spring and summer brings. dani: what do you do in the meantime? your overall risk appetite, you are taking smart risks, it sounds like.

but what do you do as those uncertainties linger? what becomes the playbook when there is still so much unknown? everything from energy to war to rates. >> what we are telling our clients as you need to make use of the good windows of the market. we told everybody you need to be on it. risk products went really well. that is what you need to do for the remainder of the year. there will be periods that are softer. i would say we are calibrating. there will be soft spots in the market which we want to avoid and you make use of the good windows. you have to be ready. dani: perfect note to leave it on. thank you very much for joining this morning. that is the head of european investment-grade finance at jp morgan. coming up, we will be joined by the bank of korea governor to talk to him about the central bank's fight to tim inflation after he signaled rates have

hired to go. that interview is exclusive and it is next. this is bloomberg. ♪ only smart bed in the world that actively cools, warms, and effortlessly responds to both of you. our smart sleepers get 28 minutes more restful sleep per night. proven quality sleep. only from sleep number.

dani: the bank of korea joined other banks signaling holding rates at 3.3% as expected, but the governor said five of the six board members were open to borrowing costs reaching a peak of 3.75%. let's go to haslinda almond. >> that's right. where is terminal right? let's get perspective from the be ok governor. good to have you with us.

you did a pause after raising rates 300 basis points and yields dropped again. do you think that was a reasonable reaction on the part of markets? >> there are two reasons why, the first one is expected inflation bath. our current inflation rate, we are expecting for march the inflation rate will fall to percent, 23% by the end of the year. -- to 3% by the end of the year. we thought it was a good time to post and see the effect on the economy. there is huge uncertainty overall. how long and how high the u.s. policy rate will go up. how china's reopening will affect our economy and exchange. all of these issues. we think there are high uncertainties.

the situation is very foggy, it is better to stop the car to see what will be the next move. >> what is certain is that the u.s. terminal rate is going to be higher. before, it was under 5%, some are suggesting 6%. should you really be pausing given that? >> since we are having the interest rate gap not necessarily affecting our exchange-rate, but as you said, the broad gap can cause unintended consequences. we are watching. now the situation is changing very rapidly. in the time of uncertainty, it is better to decide. this is one of the reasons why.

they want to keep the option of increasing interest rates down the road even though they paused this time. >> what do you think is the bank of korea's terminal rate? >> we are mentioning our view only on a three-month period. when you talk about the terminal rate, one member said it is better to stay and the other member wanted to have the option to increase. there will be no change in that is the current view of the monetary policy committee member. >> the president has been asking

commercial banks to cut their rates to make it easier for the consumers. this seems to be in contrast to what you are trying to do, which is rain in inflation. is there a contradiction there? >> i got this question several times. i think you can interpret this two ways. when the president addressed this issue, the issue is whether the interest rate increase is in fair competition? the other issue is that now the interest rate is going down. if you compare with january, people say, is it consistent or inconsistent with monetary policy? the reason why the interest rate was so high is because we have a short-term liquidity constrained

caused by the project financing issue. that causes the market rate to jump. nothing so become normalized. it is natural to see that the market rate is going down, but still the market rate is well above the previous range. the spread between the market rate and our policy rate is similar or slightly higher. i don't agree that this means that it is inconsistent with monetary policy. i see the impact has the expected impact at this moment. >> in korea, you think both monetary and fiscal policies are working hand-in-hand? >> when i see other governors in the world really worried about

fiscal going in a different direction, but thanks to our government and especially the prime minister, he insists that and still we have price stability, he emphasizes the fiscal, tightening fiscal policies as a must. i'm very lucky. we are very well coordinated. >> we have the korean won hovering at about 1300 to the usd. is that a concern for you? might that fuel inflation in the coming month. >> if you look at how the korean won behaves december to january. it was the currency with the highest appreciation. maybe it is a small adjustment.

we are not targeting the level of exchange-rate. whenever there is some volatility in the investment sentiment goes to the extreme, we have to think about several measures. >> you're quite comfortable where the korean won is? >> especially when we announced the new policy of pausing the interest rate for the first time among major countries, i was slightly worried about how the exchange-rate would dave, but yesterday, the exchange-rate appreciated and it is quite stable. for the time being, it shows the major driver of the exchange-rate is not our decision, but how people believe u.s. monetary policy will go in the future. that is a complex equation to solve. >> korea's property sector is showing signs of weakness. may that impact wealth. >> yes, the real estate sector is a relatively big sector in korea.

especially the last two years, the housing price increase was quite a lot. the current situation is a good adjustment, adjustment period. the good thing is that we are a little bit more concerned than the end of last year because housing prices dropped quite rapidly. even though it is going down. >> thank you so much for your insights today. the governor of the bank of korea, which paused after raising rates 300 basis points over 18 months. back to you. dani: thank you so much for that fantastic conversation. wanting to leave that optionality open for more rate hikes in the future. haslinda for bloomberg at the g20 finance ministers meeting. coming up, the u.s. pledges another $2 billion to ukraine and china offers a peace plan. it is one year on from russia's

invasion. the latest live from kyiv. this is bloomberg. ♪ and it's easier than ever to■ get your projects done right. inside, outside, big or small, angi helps you find the right so for whatever you need done.

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dani: as hungary awaits sending a delegation, the hungarian premier is speaking right now in a radio interview saying he supports nato enlargement, also saying that the hunger in ruling party is currently divided on nato. this comes ahead of the bait over sweden and finland entry into the nato. staying with this theme of geopolitics, today does mark one year since russia's invasion of ukraine. the u.s. pledged another $2 billion in security assistance overnight while vowing to impose

further sanctions on russia. china has put forward its plans for peace proposal. joining us from the ukrainian capital is oliver. you are in kyiv. a year since the invasion. what does the situation look like right now? where does it stand? >> one year done today. the entire city and country was woken up by the sounds of explosions, aircrafts, the beginning of the invasion into ukraine. a year of covering this, we forget the shock of the images we saw of those tanks in the military, or rolling into ukraine. the shock of the realization of a war in europe in the 21st century. the shock that kiev did not fall. you pass through or there was the year in this massacre of civilians. you realize how close that was.

the city still stands, zelenskyy is still president, ukraine still fights. the cost has been immense. hundreds of thousands of wounded and killed. 8 million displaced. you see mostly women on the train because men are not allowed to leave the country. the fear is the one-year mark will be the first of many more to come. you speak to anybody here, there is no backing down. dani: what is the path forward? >> this is the big question. you have $2 billion in additional aid coming in from the united states. this is a war that will continue to be filed. it relies on that kind of support. biden coming to kyiv was a huge signal, a massive vote of it, saying we will be here as long as it takes, but the question is if it goes on for years, how

many years will the u.s. population be ok with that? how much support will come domestically to continue to support ukraine? zelenskyy will try to rally for that today. will there be more heavy arms to come? that may be a necessity. dani: oliver, thank you so much. a really stunning kyiv behind him in ukraine there. join us for our one-hour ukraine special on one year of war and 9:00 a.m. u.k. time later today. we will continue to have coverage out of kyiv for you. really important topics to be discussing. of next it is bloomberg markets europe. enjoy the rest of your friday and your weekend. ♪

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