we will talk to mark mobius of mobius capital.s is bloomberg. ♪ kailey: we are one hour into the u.s. trading session. abigail doolittle is tracking the moves. it has been a volatile meet and it does not look like the ending will be different. abigail: thank goodness it is friday. what a week indeed. this is an andra day chart -- intraday chart that goes on going back to 6:00 p.m. last night. you can see futures for a while doing nothing and then we have the russian president vladimir putin make what seems to be positive comments about the possibility of some sort of compromise or solution around the russian-ukraine war. the s&p 500 up 1.5%. now up fractionally. if the s&p 500 can get back to those higher levels, we could see a turnaround on the week. this is interesting. we are so interested in the valley. this is the selloff. futures down 1.5%. we have the vix down. we have crude down from of the worst week since november of last year. we also have a big selloff in bonds. it looks like the s&p 500 could see a near-term bounds as

as mark mobius said in the previous comments, palladium is up over 100%.here will not be a single analyst reflecting any of these commodity increases in their forecasts. so i think at the moment, the stocks look cheap on long-term forecasts. on stock forecasts, these look crazy cheap. what we have seen with rio tinto is they will be giving money back. there's not much, and i think that is an important here. kailey: how does that compare with other commodities related to equities? can you say the same about energy stocks? alan: absolutely, yes. we run our forecast models of $75 oil. clearly, if we start putting in $110 oil on the basis that we are looking to replace russian energy, that will not happen overnight. that will take many years to facilitate, and that means the oil price is probably going to remain higher for longer. analysts will have to start moving up there forecast, which means the free cash flow yield on oil, which at the moment is well in excess of plunder percent, we'll just go up from here. so it feels that there is still plenty to run in

what do you say to someone like a mark mobius?y fold is still part of the owed civil that is fracturing. much of it is centralizes. it is not easy to cross borders with it or protect it from seizure. charles: what about the argument bitcoin is nefarious, being used for nefarious means? >> certainly cash is being used for much more nefarious means. when you think of gold certainly, hard money, cannot be inflated. bitcoin is better form of it. it is absolutely scarce. hard money for the digital world that we live in transmitted to anyone on open net work, cannot be controlled or influenced by political power. gold is old, charles. charles: natalie, i have 30 seconds, they're asking me to get out of this thing, early last year a year ago, everyone said 100,000 easy by the end of the year. that didn't happen. what is holding it up now? when can we see 100,000? >> so i think what is holding it up is the larger macroeconomic picture. the economy is slowed down. everyone on edge for rate hikes. one wrong move we send us into recession or

also another spike in oil prices so should you trust to rally joining us, mark mobius and cnbc's mike santoli. mark, i'll start with you on global stocks. how are you feeling? it's not like the fed said that it wasn't going to be raising interest rates that's been a headwind it's not like we have resolution when it comes to ukraine should you buy stocks? >> my thinking is that definitely we're going to see higher and higher rates. i expect to see rates in america go up to 6% or 7%. but that doesn't mean the stock market has to go down. as you know, if you look at the history of interest rates and stock market, there's not much correlation, and anybody who wants to protect themselves against this inflation must hold stocks they must hold companies that are able to adjust their prices to inflation and it's interesting if you look at the global picture, a very mixed picture, you see countries in latin america up or at least sideways movement, and even in asia, the same thing despite the fact that china has gone down dramatically, other markets around the world are not doing too badly. >>

emerging margaret invest -- emerging-market investor mark mobius says china will stand to grain -- tofrom the ukraine crisis. >> he said a very strong speech. it is amazing in addition to the military assistance, there will be an escalation of this and basically what we are looking at is that this will be russia's afghanistan. they are going to tie russia down in ukraine for quite a long time. what is that also means of course is europe is insecure. you have already seen the dac and the french market crash. you see europe not in good shape. the good news is other parts of the world are doing very well. because of commodities. asia more or less is flat with the exception of china which is down. but i think probably china could be a winner in this case. >> you do not think that china at all will pay a price for being shoulder to shoulder with russia at this point? >> they will from a pr point of view. but, they probably will pull back and become more neutral. the reality is that trade with russia will probably increase. it is going to be probably difficult for the west to convince china

. >> thank you >>> coming up, investor mark mobius will join us to talk global opportunities in stocks1 points on the dow "squawk box" will be right back. live from the nasdaq site in times square >> announcer: executive edge is sponsored by at&t business at&t 5g is fast, reliable and secure including the iphone 13 pro with 5g. that's the one with the amazing camera? yep! every business deserves it... like one's that re-opened! hi, we have an appointment. and every new business that just opened! like aromatherapy rugs! i'll take one in blue please! it's not complicated. at&t is giving new and existing business customers our best deals on every iphone. ♪ ♪ ♪ ♪ connecting to opportunity is just part of the hustle. ♪ ♪ opportunity is using data to create a competitive advantage. ♪ ♪ it's raising capital that helps companies change the world. it's making complicated financial concepts seem simple. opportunity is making the dream of home ownership a reality... ♪ ♪ ...writing new rules and redefining the game... ...and driving the world forward to a greener energy future. (applause) ♪ ♪ oppo

haslinda: emerging market mark mobius speaking to bloomberg's guy johnson.ong singh currently down by 3%. take a look at where we are in terms of asia's tech slumping more than 7%. in fact, closer to 8%. regulations in u.s. threats, some chinese companies and rising covid cases weighing on sentiment when it comes to chinese stocks in particular. rishaad: yep. a locked down there, but they overlay ukraine. we've got at the moment russia going to the u.s. asking beijing for weaponry. that puts that country in a difficult position for it on top of that, it is the specter of soaring inflation, which is talking the world. the federal reserve is meeting on wednesday and it is key on that. this is bloomberg daybreak middle east is next. ♪ >> the following is a paid program. the opinions and views expressed do not reflect those of bloomberg lp, its affiliates or its employees. >> the following is a paid presentation furnished by rare collectibles tv, llc. >> the biggest numismatic event of the

not a good idea to get into russia now >> that's for sure mark, thank you for your time today and joining us >> thank you >>> joining me with mobius capital partners >>> the third round of talks between russia and ukraine in belarus have concluded with ukraine saying that no significant results on a truce and cease fire have been accomplished let's get to kayla in washington with the latest today. >> reporter: perhaps that's not surprising considering that what russia was asking for in those cease fire talks were all nonstarters for the west expectations are low for any future terms that will hold. as senior defense official says 100% of the troop's massed at the border are now inside ukraine as russia continues shelling major cities despite pledges last week to pause that violence to allow civilians to escape the indiscriminate violence drawing new condemnations from world leaders includinging the secretary of state in latvia beginning to call russia's actions war crimes. >> the world is saying to russia, stop these attacks immediately. let the food and medicine in let the people out safely and end this war of choice against ukra