Skip to main content

tv   Worldwide Exchange  CNBC  March 31, 2022 5:00am-6:00am EDT

5:00 am
it is 5:00 a.m. on wall street here is the top five at 5:00 stocks coming off the first loss in days. breaking overnight president biden set to announce he is tapping the u.s. strategic petroleum reserve. helima croft weighs in. and china with the zero covid policy talking a toll. details ahead. apple's record-breaking win streak cut short
5:01 am
one analyst says it is part of a bigger trend for investors looking for value. later on, morning rbi, an an eye-popping stat on home prices you have got to hear it is thursday, march 52nd and this is "worldwide exchange. well, good morning, good afternoon, good evening. welcome from wherever in the world you may be watching. i'm brian sullivan clearly it is not march 52nd, but it feels that way. march seems to go on forever today it will warm up in the northeast. it was 15 degrees the last number of mornings thankfully today, it should be a little warmer. april, you cannot come soon enough let's jump into the markets and your money stock futures are slightly higher nasdaq futures up most
5:02 am
.75% that after small losses on wednesday. apple actually breaking its big win streak we will have more on apple in a few minutes. energy and utilities performing well closing at record highs yesterday as oil rosa gain speaking of oil it is down this morning about $5 a barrel. that on continued lockdowns on china and multiple reports that president biden is set to announce the biggest ever petroleum reserve release of all time all that ahead of the opec and opec plus meeting today. a lot going on with oil. we will have more with helima croft. and in bonds, the two-year note is 2.229%. global investors are watching for the inversion of the yield curve. the 2-year goes above the
5:03 am
10-year. you can see, we are not there yet. we are close we are not there yet around the world, mostly red arrows in asia overnight after china are reported contracting in manufacturing and services for the first time in two years. it seems like the fall and ill-fated zero covid policy locking down cities from shanghai to shenzhen over a tiny number of covid cases. let's get the latest from julianna tatelbaum in the london newsroom >> reporter: brian, good morning. it seems as investors are str shrugging off the weakness in asia we have head across the board with the swiss the move is lower. we have the french market down 13 basis points. germany at the flat line
5:04 am
it has been eye month for european equity marching higher in lock-step with stateside. this is the final trading day of the quarter. stoxx 600 is on pace to break a seven-quarter win streak one part of the market stands out. this is the ftse 100 in the uk for the quarter, up 2.6% ftse on pace for the sixth positive quarter in a row. the ftse 100 is over index to oil and gas stocks and financial stocks oil and gas is the best performer over the month of march. that provided a boost to the overall index. ftse 100 stood out, but a negative one for equities. brian. >> julianna tatelbaum, thank you very much. see you tomorrow now to the top story this morning. price of crude oil here and overseas sharply lower that on reports that president biden is set to announce another
5:05 am
release of oil from the country's petroleum reserve. that is according to a number of sources. details of the announcement are still being finalized. it could be 1 million barrels a day for several months totaling up to 180 million barrels overall. one official, it is the third spr release since november the biggest one on record. goldman sachs analysts out today is a astatement that doesn't hel the supply deficit ahead and could spark more if prices fall. the president is set to speak at 3:30 today do keep in mind that the price of oil rose from $65 to $95 a
5:06 am
barrel last year well before the are war in ukraine began. we have helima croft with more later this hour. stocks have risen. stock futures are up as oil is down let's talk about that and get good ideas for you going forward. joining us is josh wein. josh, good morning it is an almost perfectly inverse relationship with the equity market and the oil and commodity markets. what do you make >> we he are absolutely talking during earnings season we were talking about the d geopolitical issues during the day. it makes sense it is hard to see where things go i think we also have thought
5:07 am
about energy in our ability of it in this country we never thought we are subject to world prices. it is a global market. we have to work with that s >> is that really due to the fears of the consumer crushed at the gas pump or on over the daily impact or the fear of inflation is going to crush the consumer and corporate earnings and hurt the stock market or is it something else? >> i think the headline of the absolute price of gas is daunting $3 or $4 or $5 depending where you live adjusted for inflation gas is no more expensive than 10 or 15 years ago. i think people see the headline. where the rubber meets the road is in europe certain this is a global economy
5:08 am
that is connected with the united states and economic growth is at risk. obviously that really comes into stark relief in europe where they are spending more on power and energy than we are here. although we are also spending more >> europe is getting crushed five or six times what we are. we talked about it, josh, it is a dire economic scenario in europe let's leave with this picture. one stock you like is a name well known to viewers. i have interviewed the ceo many times. the lng producer they will start construction on the driftwood project. it's a very interesting trader favorite stock it is up 80% in 90 days. that apparently is not scaring you off. how come >> absolutely. so tellurian is in the gas
5:09 am
utility fund it gets a lot of attention which is holding in the fund as well as in our energy transition fund i would point out tellurian is a smaller name shy of $3 billion it is an integrated upstream and d d downstream provider of natural gas. they owns in the haynesville and driftwood pipeline asset and the driftwood lng facility in louisiana that should be getting going. phase one is set to start relatively soon. they announced that earlier this week certainly if someone believes geopolitical worries are over, then this may not be the name for you. as you reported on, this is here
5:10 am
to stay. you know, liquid natural gas and use of it over seas, as much as get out of it with wind and sole ar solar will not happen. >> getting the blessing from the white house with the european agreement or more american gas overseas saying let's go ahead. get more natural gas to europe and blunt the impact of vladimir putin. josh wwein, i appreciate you getting up early we are just getting started on a busy thursday when we come back, your morning rbi on a staggering stat of new home prices and you have got to hear plus, helima croft is here with the big opec meeting and bigger news from the white house. she wrapped up a middle east trip we will layout what she has learned coming up. first, apple's winning
5:11 am
streak cut short at 11 straight days what wedbush's daniel kaluuya says about the market. we have a lot to do. glad you are up with us. we are back after this welcome to ameriprise. i'm sam morrison, my brother max recommended you. so my best friend sophie says you've been a huge help. at ameriprise financial, more than 9 out of 10 of our clients are likely to recommend us. our neighbors the garcia's, love working with you. because the advice we give is personalized. hey john reese, jr. how's your father doing? to help reach your goals with confidence. my sister told me so much about you. that's why it's more than advice worth listening to. it's advice worth talking about. ameriprise financial.
5:12 am
xfinity mobile runs on america's most reliable 5g network, but for up to half the price of verizon,
5:13 am
so you have more money for more stuff. this phone? fewer groceries. this phone? more groceries! this phone? fewer concert tickets. this phone? more concert tickets. and not just for my shows. switch to xfinity mobile for half the price of verizon. that's a savings of over $500 a year. switch today.
5:14 am
welcome back good thursday morning. call it march madness for apple. shares dipping yesterday ending the 11-session win streak. that is the longest orun in 20 years. the stock is up 7.5% the next guest says this is the issue of rotating back the high quality tech joel kulina is joining us now. we like round numbers or anything that makes headlines. does the 11-day win streak for apple mean anything other than just a neat market stat?
5:15 am
does it stand for much >> good morning. thanks for having me the reality is it doesn't. winning streak was snapped yesterday as apple fell slightly it is a stat we know the markets had impressive rally over the last two weeks when a lot of the tech names bought them. you hit the nail on the head one thing in the intro the investors flocking to higher quality companies within the tech universe. you know, really sticking with the horses that have continued to produce quality results apple checks the boxes in uncertain times. again, if you are sitting on money, where do you put it to work without getting blown up on a headline apple fits the bill. >> is this the highest of the high quality names
5:16 am
>> it is up there. i think, you know, a lot of people talk about apple, microsoft and google there's very few companies on earth right now that possess the trifecta of strong growth and any margins on that scale. apple has skeptics out there it is an easy name to not like because it is dull especially since the iphone cycle length e lengthened they continue to move with subscriptions. we saw payment headlines yesterday. it is interesting to see how that develops. they never are content they continue to bundle service together there has been growth curtailed. their customers are not looking
5:17 am
to switch ecosystems that is the key to the story people have no problem waiting four-to-six weeks for the next geni phone >> you can't switch, joel. are you concerned about reports of who is switching? are you concerned of slowdowns or supply chain or semi con conductor or consumers holding on most people are not swapping phones out the phone they have just works fine sd >> i had an iphone 6 until it started smoking on me. i had to ditch that of t you want to keep an eye on consumer demand. surprises are through the roof signs of weakness in china,
5:18 am
especially, are starting to see red flags. taiwan semi ceo says there is a slow down in electronics smartphones or note books. that is the worn inflation pressures. and as they push the services. upgrades are pushed further. that is the risk to apple. if you look at past earnings with two and a half months ago in january, the earnings were looking back at one of the best in all of tech they are navigating the supply chain headaches better than anyone else. that is inn disputed when you are the number one supplier, you have the luxury you will not scramble as much as your peers >> iphone 6, joel. does it have the rotary dial
5:19 am
function >> it might as well. safari would barely open the last days of it. it was getting close to the end clearly. >> you helped earnings this quarter, joel. you gave them a pop. one phone. joel kulina, thank you still on deck. chris rock breaking his silence over will smith's oscar s assaut and new developments with the peace talks. all this and more as "worldwide exchange" rolls on >> announcer: today's big number $270 billion that was the total economic cost of natural catastrophes in 2021. according to the data of the swiss re institute around 40% of the total was ved iurce ...pivot... work bye. vacation hi! book with priceline. 'cause when you save more, you can “no way!” more.
5:20 am
no wayyyy. no waaayyy! no way! [phone ringing] hm. no way! no way! priceline. every trip is a big deal. (swords clashing) -had enough? -no... arthritis. here. aspercreme arthritis. full prescription-strength? reduces inflammation? thank the gods. don't thank them too soon. kick pain in the aspercreme.
5:21 am
[yawn] bro trip! if you book with priceline, you'll save more, so you can “broooo” more. [impressed] broooooo. broooo!!!! broooo!!!! broooo!!!! [in unison] brooooooooo!!!! [splash] [disappointed] broooo... good thing you saved on the trip! priceline. every trip is a big deal. ♪♪ good thing you saved on♪♪he trip!
5:22 am
♪♪ take the world by cloud. accenture let there be change. (swords clashing) -had enough? -no... arthritis. here. aspercreme arthritis. full prescription-strength? reduces inflammation? thank the gods. don't thank them too soon. kick pain in the aspercreme. big bang quarter for paypal and netflix and others we're watching shares of tesla. the company extending its
5:23 am
suspension of the shanghai factory for one more day over the covid lockdowns. the work stoppage at the plant will last until tomorrow tesla is reporting to tell all employees to stay home and abide by government orders this is the first plant outside of the united states and responsible for half of the tesla output last year let's check on the other key headlines outside of the world of money and business. nbc's frances rivera is in new york with those. good morning >> good morning, brian we begin with the dangerous line of storms continuing a brutal charge in the east powerful winds across louisiana overnight. possible tornado damage scene in the town of big branch the twister touched down in the same area one week ago now many reports of downed trees and power lines. days after people watched
5:24 am
him get slapped on the oscars, chris rock kicked off his ego death tour in boston rock told fans he did not have a lot to say, adding i'm still processing what happened the academy said will smith was asked to leave the oscars, but refused after the slap he could face disciplinary action, including suspension, expulsion are oor other sanctio bruce willis is stepping away from acting all due to aphasia. nearly two dozen people told the los angeles times that corresconcerns for years have swirled. and coach shaheen holloway
5:25 am
will now coach for seton hall. coming back full circle for him. brian, those are the headlines for thursday >> going from the peacocks to the pirates. francis, frances, thank you very much. and how apple is looking to expand the supply chain security the stock that may stand to benefit. we're back with that and more right after this [zoom call] ...pivot... work bye. vacation hi! book with priceline. 'cause when you save more, you can “no way!” more. no wayyyy. no waaayyy!
5:26 am
no way! [phone ringing] hm. no way! no way! priceline. every trip is a big deal. [yawn] bro trip! if you book with priceline, you'll save more, so you can “broooo” more. [impressed] broooooo. broooo!!!! broooo!!!! broooo!!!! [in unison] brooooooooo!!!! [splash] [disappointed] broooo... good thing you saved on the trip! priceline. every trip is a big deal.
5:27 am
everyone's a multitasker these days. and with supersonic wifi from xfinity,! your internet can multitask too. it's got gig speeds to the most homes... advanced security that blocks billions of cyberthreats... and enough power for a house full of devices. plus when you get xfinity internet and mobile together, you can save hundreds off your wireless bill compared to verizon. hello? it's for you. xfinity can do all that. sorry, verizon. xfinity mobile runs on america's most reliable 5g network, but for up to half the price of verizon, so you have more money for more stuff.
5:28 am
this phone? fewer groceries. this phone? more groceries! this phone? fewer concert tickets. this phone? more concert tickets. and not just for my shows. switch to xfinity mobile for half the price of verizon. that's a savings of over $500 a year. switch today. crude oil crushed as president biden wants to release 180 million barrels of oil from the strategic petroleum reserve. all that as opec and russia is is set to meet again today. and futures are higher on the final trading day of the month and quarter. how morgan stanley says you should put your money now. and a staggering stat on home prices you have to hear
5:29 am
it is the morning rpibi and it s something you have to hear it's march 31st and this is "worldwide exchange. welcome back good thursday morning. just about 5:30 a.m. here is where we stand stock futures moving higher. they are up. not a lot. they are up across the board we are seeing gains. now i stand corrected. when you talk about the futures at this hour, they can change like that because they are so thin volume that one guy comes in and makes a new trade and things move. let's call the futures flat. nasdaqfutures up .20%. they say all good things must come to an end like the dow's four-day win streak which did end yesterday. march has been a pretty good month for investors in a terrible quarter coming into the final day of the
5:30 am
month, nasdaq is up 6% in march. s&p is up 5% we do have a little momentum right now. remember, april is historically the best month of the year for stocks in fact, according to lpl financial, the s&p 500 has gone up 15 of the last 16 years with the average gain of 3.1% the only year the s&p fell in april was in 2012. that had a drop of less than 1%. so, history is on your side. of course, in those years, we did not have a war in europe, rampage inflationand fed ready to hike interest rates at every meeting. history is good. take history with a big fat grain of sea salt right now. let's check on the bond market no inversion right now with the 2-year and 10-year
5:31 am
2.33%. four ticks higher than the 2-year now to the markets some of the ptop corporate stories. president biden expected to invoke the defense production act to increase minerals used to make electric vehicle batteries. lithium, nickel, graphite and cobalt and maganese. apple is looking at new sources of memory chips for the iphones. including a supplier in china. the current suppliers are micron and samsung. a production partner in japan last month caused problems for the company. bloomberg reported that apple is looking to diversify any future risk of disruption the cdc dropped the covid health warning on cruise ships that notice was first imposed two years ago. all you cruisers like my
5:32 am
parents, by the way, leaving for a cruise this week, i think. they will have an easier and rested time. have fun. now to ukraine with peace talks. doubts that russia is scaling back the military operations in ukraine despite the contrary from the kremlin we have molly hunter in lviv molly, good morning or good afternoon for you. where do we stand right now? >> reporter: brian, good morning. it is not just the pentagon po pouring cold water on moscow's claims we are seeing chernihiv getting pounded overnight. we were on the south coast and we were a few hundred miles from
5:33 am
mikolaiv he is not just focusing on the east he is pounding mariupol in the southeast of the country and hoping to occupy that by the intelligence analyst to move west brian. >> coming back from odesa. i don't know if it is the only real port, but main port for ukraine. main shipment point. they have been preparing for an attack that has still not come, thank god, by the way. what are they talking about in odesa? that is a key shipment point the key point for the country of ukraine. >> reporter: the key point absolutely, brian. that is where the ukraine navy is based after 2014. it has been blocked. we saw no cargo ships or
5:34 am
military coming in and out russia has blocked that from across the black sea in odesa, it is a different scene. they are preparing for an attack that city is on putin's wish list they have been increasingly anxious over an attack it is interesting. the city is standing back up to the rooftops blocks and check points at every intersection people expect an attack tomorrow they don't believe putin will focus on the east. they don't believe there is a cease-fire they don't have faith in the negotiating process in istanbul. there is a section of people who don't think vladimir putin is going to pound the city. where the 200-year old opera house is this city is large in the history books for russians this is a russian speaking city. we have to wait and see.
5:35 am
what everyone agrees on is no one takes president putin at his word >> molly hunter in lviv. back from odesa. we appreciate it be well. thank you very much. now back to oil and energy oil prices are lower right now down $5 per barrel that as president biden is going to announce a record release of oil from the emergency oil reserves that release could be as much as 1 million barrels a day for months some insiders have been calling on the white house for weeks to make such a move our interview with john hess last month >> the oil market now is in the intensive care unit. we need to act the u.s. and the iaea need to announce 120 million barrels from the strategic petroleum
5:36 am
reserves >> so if that move happens, it would mark the third spr release since november and the biggest one ever on record remember, it was supposed to be for emergencies. the president is due to speak at 1:30 p.m. eastern time today on actions to reduce the impact of' putin's price actions. according to the white house schedule, the president, of course, will announce as opec is meeting today along with wopec plus allies, including russia. no change in opec output plans are expected they are likely to continue to add 400,000 barrels a day to the market joining us to talk about this is helima croft at rbc capital.
5:37 am
apparently still in the middle of the middle east trip. i saw pictures from qatar and now you are in dubai what do you make of the spr release? it is a lot of oil should it dent prices in the market >> it is a lot of oil, brian we are seeing a price reaction now. i think the key question is going to be if we are talking about 1 million barrels a day, that is significant. the question is what is a scale and magnitude of the russian that will offset in dubai, president biden's top energy diplomat indicated that russia was losing 2 million barrel a day of experts because of the strike. the question is if russian losses expand and we look at 3 million to 4 million barrels a day, will the spr release be enough
5:38 am
is there enough spare capacity if the losses expand >> the spr has to be refilled. goldman sachs out with a note. you don't need to comment on your competitors, i understand it may blunt in the near term, but unlikely to change the structure deficit down the road. that is what you are reacting to as well. india is using more oil now than before the pandemic as well. we are still over $100 a barrel. >> brian, again, the issue is if this market is this tight before the russia/ukraine situation we have 2 million barrels off the market now from russia we don't have major consumers of russian energy halting those imports. if we get to a situation where we were to see meaningful energy sanctions, this russian loss will go out to 4 million parcel
5:39 am
barrels. will this release be enough if the russian conflict continues >> well w, the opec meeting tody it will be another one that will be quick and rubber stamped. helima, i saw the headlines of the reported plan on the spr i thought they expect that opec is not going to add any more barrels to the market. i assume you would agree with that >> yes, absolutely in our conversations on this trip, two factors. saudi arabia really looking for the united states to provide serious security guarantees as we land in riyadh. we had a tax on infrastructure by the houthis they are concerned about the attacks that they see sponsored by iran. at the same time, you heard so concerns that if saudi arabia and iran were to deplete barrels
5:40 am
now, they could lose control of the market there is concern that the russian losses is not the end of this this could expand. the question is do you have sufficient shock absorbers in the case we are not looking at 2 million barrels off the market, but grow to 3 million or 4 million barrels. they want to hold the bigger russian export loss. >> we saw secretary of state tony blinken meet with the uae on tuesday in morocco do they feel the pressure from the white house, helim isn't that correct helima? will they keep doing what they do and keep politics as they see it out of it >> i think they're very resolute about wanting the united states
5:41 am
to provide significant security guarantees i think there is concern of the ongoing relations. they are not dealing with the ballistic missile program. i think they are looking for a clear guarantee that the united states will provide some type of security umbrella for the partners in the middle east if it doesn't deal with iran. there are concerns removing the revolutionary guard from the terrorist list that is what the iranians have been pushing for inning negot in the negotiations the iranians have no expectation in the near term >> here is the hard part politics and geopolitics is if the united states signed the deal for lack of a better name, and in doing so, they take the
5:42 am
revolutionary guard off the terrorist watch list when the saudis know the iranians are funding the houthi attacks if the united states does that to put more barrels on the market, that will tick off the saudis enough and if we are looking for their help, that is not the way to get it done. >> absolutely, brian if the united states takes this off the terrorist list, it is hard to get the saudis and emi emi emirates to get the help you have the concern about spare capacity they talk about the situation and the financial crisis where you had opec putting more barrels on the market and the prices actually increasing and as market participants focus on the fact of not spare capacity the saudis and emirates are saying we will leave barrels in
5:43 am
reserve until we know the extent of the supply aoutage >> helima croft. the meeting will be quick. probably 400,000 barrels a day we will see what the president will announce. helima, have a great trip. coming up, home. expensive home shocking stats on the average price of the new house you have got to hear. as we head to break. other headlines happening right now. 39% of voters cast ballots in the union election of amazon's alabama warehouse. a much smaller turn out from last election last spring. in that vote, workers rejected the union. and the sanctions that will cost the russian economy
5:44 am
ru russia's economy will shrink 10% each year. and get ready. formula 1 is coming back to vegas. sin city will host a race in 2023 all part of the multiyear deal 200 miles an hour down the vegas strip once again very cool. we will go to a quick break. we'll be back right after this “”. no wayyyy. no waaayyy! no way! [phone ringing] hm. no way! no way! priceline. every trip is a big deal.
5:45 am
5:46 am
this is the new world of work. each day looks different than the last. but whatever work becomes, the servicenow platform will make it just, flow. whether it's finding new ways to help you serve your customers, orchestrating a safe return to the office... wait. an office? what's an office? ...or solving a workplace challenge that's yet to come. wherever the new world of work takes your business, the world works with servicenow. [yawn] bro trip! if you book with priceline, you'll save more, so you can “broooo” more. [impressed] broooooo. broooo!!!! broooo!!!! broooo!!!! [in unison] brooooooooo!!!! [splash] [disappointed] broooo... good thing you saved on the trip! priceline. every trip is a big deal.
5:47 am
welcome back we have our eye on a couple of chinese stocks this morning. baidu and iqiyi. it comes after the s.e.c. added both companies to the list of delisted if they don't produce audits of the. it is time for the most random stat of the day the rbi. today, let's get random on housing. this is one of the most amazing and maybe scary things you will hear all week. that is not just tv hyperbole. if you think the price of housing is going up, you are right. the latest numbers show the price ofly built home is
5:48 am
now more than $500,000 a new house, not used or existing home. bonkers at the peak of the market before the housing bubble burst in 2007, a new house would cost $330,000 across america. after the crash, that fell to a median price of $250,000 if you go further back, we begin in 2000 with the price of just about $200,000 for a shiny new home so the price of 22 years, the price of the newly built house jumped 155%. compare it to the price of a new car. they have gone up 95% in the same 22 years. in other words, homes are
5:49 am
crushing the rising prices of cars i guess is easy when are tr interest rates on low and money nearly free. now the price of homes against the average income is getting back to 2007-like territory and mortgage rates are surging let's hope that is not a toxic combination. price of new home now more than $500,000 average across america. it better come with a pool a big one. random, but expensiexpensive. on deck, if you are like most investors, the first three months of the year left you dazed and confused for so long it's not true. march did a surprise for all of us we will tally up the year so far with numbers you got to hear that's next.
5:50 am
5:51 am
5:52 am
welcome back a couple of early morning analyst calls happening for you. amd just downgraded with a $115 price target cyclical risks morgan stanley cutting the forecast and downgrading shares of dell and hp and upgrading cdw. notes that just crossed now. overall, a wild 90 days for stocks one of the worst starts to the year ever and nice rebound this month. easy to get whiplash here is where we stand now a good month all of the averages are higher in march nasdaq up 5% because of the bad start to the year, a different story for the quarter. everything down on year and on pace for the worst quarterly
5:53 am
performances since 2020. what has done well eight of the 11 sectors are down for the quarter. communication in tech like faik facebook has been terrible energy is capping off the best quarterly gain ever. what do we do in the next three quarters and years joining me is katerina simonetti bakh at morgan stanley january and february were awful. march looking good rebounds for tech. what are you advising your clients? >> brian, thank you forego having me on it has been a wild ride. we went into the end of the year with certain risks to people we were concerned about earnings and concerned about the fed about to start tightening.
5:54 am
personal paying attention to inflation and war in ukraine amplified all of those risks of the this is an unprecedented time investors should pay more attention to the portfolio than ever before. this is the tail end of the market cycle how did we navigate? that is all we have been talking about. >> i know that there's a lot of blame placed on the war in ukraine. we forget recent history that is the stock market crashed -- not crashed, but fell big in january in most sectors that was before the war began. most reports on wall street did not expect a war to happen in ukraine. the market was weak before the war began. there had it to be some kind of fundamental reason for that.
5:55 am
i assume that reason has not gone away. the war, as horrible as it is, is not the cause of stocks falling in january >> brian, i cannot agree with you more we had the risks all of the risks on the table. the post-covid recovery. the last couple years and how the market got we started pulling forward and the market correction for 10% decline right around the summertime when you think about it, when you looked at the earnings and the fact that pwe were fully expecting the earnings this year you see inflation as a threat and not transitory in nature, but it is here to stay all ofthese are issues that we're here and going into the beginning of the year and still
5:56 am
here to stay in fact, we just introduced conditional amplification to the risk now fed is taking action more aggressive now investors have to pay attention to the makeup of the portfolio more than before this is definitely a market where money can be made and profitable this is not the time to invest in market. >> inflation was already burning. the war threw gasoline on parts of that fire what do we do? what is a good inflation -- if we don't think inflation is going away any time soon, war or not, what is a good inflation hedge? >> brian, you mentioned real estate in my opinion, one hedge against it is real estate. you have pricing ability
5:57 am
you have ability to increase rental income. all historically has done well, too. in my opinion, i would take a yielding asset class as gold any day. >> katerina simonetti bakh of morgan stanley fascinating points on what has been a wild 90 days for the market and world thank you very much for joining us see you soon folks, that does it for us here on "worldwide exchange. we will see you tomorrow 23 hours same channel i'll see you on "squawk box" next oil down $5 a barrel "squawk box" and the gang will pick up the coverage next. have a great day based on your goals, whatever they may be. all that planning has paid off. looks like you can make this work. we can make this work. and the feeling of confidence that comes from our advice?
5:58 am
i can make this work. that seems to be universal. i can make this work. i can make this work. no wonder more than 9 out of 10 clients are likely to recommend us. because advice worth listening to is advice worth talking about. ameriprise financial.
5:59 am
6:00 am
good morning u.s. officials now saying that top russian officials are avoiding giving putin bad news about the invasion of ukraine and the extent of damage to russia's economy details straight ahead. crude prices falling ahead of today's opec meeting. new reports say the biden administration is considering a plan for at least 1 million barrels of oil a day from the reserve. and apple shares fell yesterday ending the 11-day winning streak market cap is still within $3 trillion it is thursday, march 31st, 2022 last day of march. job earnings

88 Views

info Stream Only

Uploaded by TV Archive on