join our discussion quinn to a couple of weeks ago. i was looking for the hosting you on the stream and then that stopped because you hadn't got out of harm's way quite yet. for our audience, who may not be familiar with your story. so that's anyone who's outside of uganda. perhaps. what happened? why did you have to run away from your own country? so i read in a thread of a country on i wanted to leave. government stamps have been using. ready the magistrate using his bank card to tell me that they were making glaze very hard for me. of telling me they refused me from getting medical attention. they wanted from abroad. they wanted me to attend the same truck come hospital. so i never wanted, they had worked in my own medical facilities of my choice abroad. so they were saying no, and for my life i wanted to, you know, i want to live. so i decided to, you know, be the country and get medical attention and abroad they wanted. i'm just looking here gilbert, keep our palate who sent us this thought on twitter. so i'm just gonna show it to

i'm vonnie quinn. this is bloomberg.di: prices of rare earth minerals have been surging with additional pressure from the war on ukraine. we are discussing that and its impact on supply with lynas. this is bloomberg. ♪ shery: the presidential election in south korea could reshape the energy strategy with candidates having different views on decarbonization. let's ring in a research specialist. what are the main energy and climate change policy differences among the leading candidates? david: the leading candidates both agree on achieving net zero emissions in the long term, but there are different ways. the democratic party wants solar and wind speed to be the main drivers of decarbonization and transition to the 2035 target. the main opposition party wants nuclear power to be the main driver of decarbonization and support transition slower that would lower impact on car prices. he could revise down the 2035 target -- the 2035 target. haidi: the candidates compared to the current government? david: in 2017 one of the mai

here is the first word news with vonnie quinn. david: u.s. intelligence -- vonnie quinn: u.s. intelligence seems to think so. according to the white house, advisors are said to be afraid to tell him the truth about the military and the effect of sanctions on his economy. russia will list a shortselling ban on local stocks thursday. the bank of russia also says equities trading hours will be expanded. restrictions on the trading and securities by foreigners remain in place richmond fed president thomas barkan says he is open to a 50 point rate hike in may. he think interest rates may have to go above neutral to bring down u.s. inflation which set the highest level in four decades. >> i am open to it. i think the question and will make this decision when we get to the meeting in may is how strong this economy looks in terms of its ability to take rate increases and how high is inflation persisting? we will make our call in may. vonnie: china's trial of a journalist. australian media reports the court proceedings will start at 9:00 a.m. beijing time should prosecutors will argue

i am vonnie quinn. this is bloomberg. juliette: still ahead, we discussed the implications of businesses in asia. plus, why a firm says investors should avoid on picking losers. more on that, next. this is losers. -- this is bloomberg. ♪ rishaad: investors facing uncertainty. how should they position themselves? joining us is the cio of an asset management firm. welcome to the program. use human factor methodology and your stock selection, you are saying, avoid losers, pick the winners. easier said than the. give us a sense of how you do that. guest: thank you. it's all about avoiding losers. one of the problems of trying to pick a winner's you have to have knowledge of the future. the more we try to forecast the unknown future, the more we increase the likelihood we are going to be wrong. we have designed a methodology and draw on the principles and avoid the laws. manage risk like an actuary, not a portfolio manager. you will never be able to underwrite the risk. that is the key. to avoid that information. figure out ho

i'm vonnie quinn.is bloomberg. haidi: south africa's president says his country's troubled history means a complete a part in mediation efforts between russia and ukraine. in an interview with bloomberg, he discussed the global impact of the war and how it is affecting south africa's economy. >> we are in the commodity boom. when it started, i thought it was going to taper down. with what is happening in the world, we are seeing a resurgence. for us, it is really great news because our revenues go up. we are able to put money to a number of issues. capital investment, which has been going down over years. able to put money to social projects to address poverty. >> your people are grappling with a cost-of-living crisis as well. i want to understand and the global investment committee was to know, the political capital you have, will you deploy that to protect credit ratings or to deliver subsidies? what is the priority for the political capital you have? >> we have always sought to be balanced even as w

with get to vonnie quinn.al says russian forces appeared to be stalled on the outskirts of kyiv possibly due to food and fuel search it -- sources. they expect little change on the battlefront over the past day, bill russian troops have made modest progress in ukraine's the south. russia has fired about 450 missiles. u.s. lawmakers are looking at russian oil and gas over the invasion to ukraine, representative andy barr a republican and member of the committee says there should be new sanctions that allow them to conduct energy related transactions. jerome powell making the fight against inflation his top priority over the risk from russia's inflation -- invasion of ukraine. they will have a basis point hike, adding that another bigger one would be warranted if inflation stays high. >> it would be appropriate to raise our target range for the federal funds rate at the meeting and a couple of weeks, i'm inclined to support when he five basis points. and to the extent that inflation comes in higher or is more pe

. >> vonnie quinn it has our first word headlines. -- vonnie quinn has our first word headlines. strong earthquake shocked fukushima japan. 7.3 magnitude hit late wednesday killing one person and injuring dozens. a bullet train derailed in the region. no injuries has been reported there. the infected area was devastated by the earthquake and tsunami in 2011 that left 60,000 people dead. japan will revoke the most favored trade status for russia stripping it of basic wto rights. private -- the prime minister called russia's aggression inhumane. japan plans to freeze the assets of more russian oligarchs. a united nations tribunal ordered russia to defend -- suspend operations in ukraine. it is unlikely to carry real-world ramifications yet. the court found ukraine has a right to not be subjected to military operations by the ukrainian federation. -- the russian federation. if moscow does not abide by the order the un's top force has the right to revoke its security council. global news on air and on bloomberg quicktake. i'm vonnie quinn. this is bloomberg. >> breaking news out of b

i am vonnie quinn. this is bloomberg. >> still ahead on bloomberg markets asia, europe surveys untangled. how that is impacting the energies transition. we discussed energy security and a look at what the white house is calling a substantial discussion with china on the russian were in ukraine. we will have the very latest. this is bloomberg. ♪ >> let's check in with the markets here across china. the tech index was down. it has recovered substantially. we have retail sales, industrial production or better than economist forecasted. perhaps there is a bit of optimism creeping in with regards to the growth story regarding china. let's look at the north asia equity strategist. marvin, the picture being painted by the standard that we have, what did we hold on the medium-term lending facility? what does it tell you about growth and the looseness of policy or the data dump, what does that tell you? >> despite the strong activity numbers, markets were expecting a rate cut today especially given the ongoing c

i'm vonnie quinn. this is bloomberg. shery: still ahead, a ceo joins us to debrief the rail operators recent earnings and tell us what is in store for hong kong passengers among the virus shock. but our discussion first with a ceo talking about mainline chana -- mainland china and hong kong. this is bloomberg. ♪ haidi: the new business value jumped over 20%. the insurer also announced a buyback over the next three years. joining us for an exclusive interview is the aia cio. congratulations on these numbers. let's start with the buyback. how did you reach this decision? >> good morning. the buyback that we announced today is the first one since ipo. it reflects the consistent strong performance of our business since ipo. we have built up steadily over the last 10 or 11 years and we have now decided that looking at our balance sheet which is very strong looking at the growth prospects we have and amount amount we need to set aside for future growth which is considerable, that the $10 billion is beyond the needs we have cur

i am vonnie quinn. this is bloomberg. shery: still ahead, the refugee counts from the ukraine war has reportedly topped one billion people. we will discuss what action is needed -- has reportedly topped one million people. we will discuss what action is needed. and we will discuss the impact on inflation. this is bloomberg. ♪ >> inflation is too high. we are accountable for inflation, and we will use our tools to bring it down. there is no precedent for this. it is just taking so much longer for the supply side to heal than we thought. byproducts of the ukraine war, it is looking like supply chains, it is not going to help at all with supply chains. in the near term, it is down to the private sector and supply chains and things like that getting fixed. and it is down to us doing our jobs with our tools. ultimately we think the supply-side will improve and that will help with inflation. meantime, we will use our tools and get this done. haidi: fed chair jay powell saying the surge in energy prices will last. markets are st

i'm vonnie quinn. this is bloomberg. shery: still ahead, and asset management group tells us why they are positive equities. and global stocks are on track for their worst quarter in two years amid concerns over a growth slowdown. we will discuss. this is bloomberg. ♪ haidi: can the u.s. economy withstand the aggressive rate hikes passed by some of wall street's biggest banks? the march u.s. drop support may provide some clues. bloomberg's policy editor kathleen hays here with the preview. what are we expecting from the job report? does it change anything from the fed, or reinforce the path they are on? kathleen: the latter is what we expect. people are exciting a recession -- people are expecting a recession. listen to this. as for aggressive rate hikes, goldman, j.p. morgan, morgan stanley 650 basis point rate hikes at the may and june meetings. there are four meetings after that. that is when you get 25 basis points in each meeting. then finishing the year off with two 25 basis point moves. that is pretty aggressive.

i'm vonnie quinn. this is bloomberg. juliette: still ahead, we speak about a survey which found asia still lags. first, president biden and his european allies set to meet in brussels thursday to discuss plans for new sanctions next. this is bloomberg. ♪ >> this was not happening for free. we were also receiving fees for transport over the years. the reliance on these revenues on this stream of income is negligible at this stage, and of course, what we care about most is bringing the russian war machine to a halt, and that can be done with putting them into serious fiscal trouble, and that will be done through a gas and energy embargo in europe. juliette: the advisor to ukrainian president volodymyr zelenskyy speaking exclusively to bloomberg. rishaad: we have the united states and european allies expected to announce new measures against russia, but can they stop vladimir putin's invasion? joining us, brookings fellow amy nelson. that's the question -- it would seem that there is a very high tolerance for these sanction

i am vonnie quinn. this is bloomberg. juliette: still ahead, an exclusive interview as singapore's borders reopen and travel restrictions received. we will have that interview, later in the hour. this is bloomberg. ♪ >> watch this. >> i do not see what the argument is. 50 in june, july, september. >> why wouldn't they? >> this is inflation around 8%. >> inflation is going to be insane for march. >> the average consumer is losing ground. >> 40% of the public has less than 100 -- $1000 in saving. >> there is a huge response. >> call me when we get to 3% in inflation. >> this is a fed in inflation fighting mode. >> it's going to be a wild ride. juliette: guests talking about the rate hike expectations. checking in on some moves we are seeing in the hang seng tech index space. shares are rising quite substantially, up by 11%. this is after they came through with earnings reports. the highest since last wednesday. the index had two sessions of declines late last week and the overall index is up 2%. rishaad: we have been hearin

i am vonnie quinn. this is bloomberg. rish? we will be speaking to mk global on market reactions to india's gdp release and the impact russia's invasion of ukraine will have on the country. plus, singapore. we will discuss pay quality between the pga and lpga. this is bloomberg. ♪ >> the energy trade is going to be disrupted. this will not be as smooth thing. >> this is an enormous amount of oil that has a potential to be disrupted for weeks. >> [indiscernible] >> we have done that before and it did not make a huge impact over the long haul. >> there is room if needed to put sanctions. >> i think you can see an effect ascension on russian energy. >> this is an amount world can afford to lose. haslinda: our guests on the outlook for energy markets. global commodity prices surging with russia's invasion of ukraine disrupting shipments and sending shockwaves across markets. let's bring in our energy reporter to break down the biggest moves. the disruption expected to continue, especially trade in the black sea. stephen: yes. there

i am vonnie quinn. this is bloomberg.coming up, the former hong kong stock exchange ceo joins us to discuss his later venture. that is next. this is bloomberg. ♪ shery: drowsily, the former head of on's stock exchange has raised $70 million from investors including a local tycoon in the latest funding run for his new venture micro connect. a company platform that links international capital to small businesses across china. it has raised a total of $120 million over the past year. joining us now is charles li. good to have you with us, thank you so much for your time, and congratulations on the capital raise. tell us what you plan to do with it? >> thank you, shery. we are starting to deliver on our system. we are trying to connect to small micro businesses in china. this is different from the traditional stream where you pick up stocks. we are finding more stores, entrepreneurs. the funding will be to scale up the partnership. the platform technology and also the market infrastructure. this is a huge market. they're doin

attorney dan russo has previously represented quinn.says he's worried of mueller ever gets paroled. that's why i'm appalled at the resolution. but i've got to respect my clients. you know they didn't want to go through a trial with that lunatic. denise and erin quinn are trying to move forward as best as they can from their ordeal. they have since married and have a daughter, who was born five years to the day after denise was released by matthew mueller. in vallejo, henry lee ktvu, fox two news. for barrie. whether things are changing around a bit, of course, we had lots of sunshine today. but already some clouds making a comeback and those clouds will eventually produce some rain drops as we head into your weekend, especially for the same mid morning hours into the early portion of the afternoon. so this is not going to be a big system. but these amounts a few 107 inch to. maybe about 4/10 of an inch of the sierra will pick up some snowfall around 3 to 6 inches. and they have a winter weather advisory for tomorrow that could impact tr

let's get to vonnie quinn.e: the biden administration set to reinstate exemptions on some chinese goods. exclusions will apply to more than 35 zero manufacturing components and consumer products ranging from tv screen parts to backpacks, bicycles, even to pillows. the trump administration had granted -- but those were about to expire in 2020. russia is demanding rubles exchange for gas prices that could aggravate the energy crunch. gas prices surged after president putin urged the central bank to develop a mechanism within a week. the specifics of the new arrangement are not clear but russia says it is ready to hold onto energy supplies rather than accept euros or dollars. russia will restart rating -- trading. it will resume in 33 russian equities. a ban on short selling will reply -- apply. trading was halted on february 28 to shield investors from the sanctions impact. russia's climate envoy has been the latest official to break with the kremlin over the invasion of ukraine. bloomberg has that he step down,

that is what we'll be looking at with the help of cleanser and stella quinn's welcome to the stream. please introduce yourself to global audience. tell them who you are and what you do. thank you. thank you so much for me. i am with asia because i know for this that the list and wanted to see if there's any new vendor right now. but being. ready hosted by someone you have to have a hail the stream, stella, nice to see you. i know you're keeping kinds of company because what he experienced, you know or too well, please introduce yourself to global audience. right? hi, send me. my name is still on young. the i'm delighted to be on the stream. i'm a woman, a mother, an exiled member of the rights in a row program and germany. i'm also a poet. and then i'm and opposition member who opposes the dictator. your regime of your where he was 70 and i'm a crust woman who speaks my mind really looking forward to hearing more from you in just a moment. but 1st, let me tell you if you're watching on youtube, you could be part of this discussion as well. what do you want to ask acquaintance or what

denise and erin quinn are trying to move forward as best as they can from their ordeal.y've since married and have a daughter, who was born five years to the day after denise was released by matthew mueller. in vallejo, henry lee ktvu fox two news police in morgan hill have arrested a boy accused of firing water gel beads at two people. this happened here, east main avenue and the 1 to 1 overpass on thursday. they say the child use it toyed gun to shoot the or beads, beads. one person was hit in the back of the head. the other person was hit in the arm . pleasant and police have also reported four similar incidents in recent weeks, but no suspects have been cut in those cases. well, the weekend just about here and we will be talking about some rain as we head into your saturday forecast. so if you have any outdoor plans for tomorrow, things could be a little wet out there. as those rain clouds do come on board is not an all day rain event, but still some off and on rain showers paying us a visit, so we'll jump right into your weekend outlook. here's your saturday definit

i'm vonnie quinn.his is bloomberg. ♪ >> we are seeing the australians on the communications company, trading, rising as there is a cash proposal from the brookfield group consortium. lots of optimism. significant progress has been made. no issue would indicate that they would move to a binding packed. we are seeing unity trading at its highest, versus the five dollar a share cash proposal. still ahead, they say markets will state volatile and investors should tread with question. we will discuss this, next. this is bloomberg. ♪ >> the yield curve is inverted in certain places. >> it's not great for equity markets. >> the potential for a recession is growing more and more. >> the yield curve can tell you a recession is coming. >> the curve inversion -- >> a lot of money can be left on the table. >> the fed knows it is late. now we are going to make a policy error trying to fix a problem that they should have tried fixing last year. >> what central banks are doing sadly can only work with demand destruct

all right, so i want to call what quinn's a said? indeed, these are, but barry ends who are cannibals, they eat our flesh in my curse. i was detained as a prisoner, it was 0 women's security, a maximum security prison. my baby was tortured out of my womb in prison. so my lawyer, i presented this case before um the gunner commemorates commission before the lower . 2 grid magistrate, as well as before, the high court, it is on the record, the uganda prison services medical services are aware that my fetus was touched at out of my body by prov, regime prison war dressers. right? so when the minister of information, who we know is a sake of fund of your room was 70, is a member of your room was 7, is national resistance, movement party did ais, blatant denial of the you're the u. s. we know that the government does not work for the people. as i began, i said that there is favor and promotion and blessing of the regime for those who praise it, such as that liar of a minister. right. however, for those of us who are critical and speak abou

i'm vonnie quinn. this is bloomberg. ♪ shery: still ahead, the director general joins us to discuss flight bands to hong kong and what it means for cathay pacific. also rate hikes and why a recession is the only way to stop inflation. this is bloomberg. ♪ haidi: you are watching daybreak australia. some are forecasting two 50 bones -- 50 basis point rate hikes. our global economics and policy editor kathleen hays is here. what are we expecting from the jobs report? does it change anything from the fed? >> it may underscore something from the fed. who can get more aggressive with the rate hike prediction? three banks all see 50 basis point rate hikes in may and june. citigroup sees 50 basis point hikes in june through september. they believe this is something the economy is strong enough to take. today we saw a big consumer spending report. it's all the spending. everything you by. it looks like maybe this surging inflation is starting to affect the consumer and a couple of ways. spending was down 0.4%

i'm vonnie quinn. this is bloomberg.ry: coming up next, we speak to one of the world's foremost experts on energy policy about the impact from the war in ukraine, the future of nuclear power and japan's energy dependence. they join us next. this is bloomberg. ♪ haidi: japanese markets will open in just a few minutes. we will see how the yen trades at the start of this week. we have seen the yen trading at six against the dollar, weakening for three consecutive weeks as we continue to see the driving narrative being the gap in interest rate differentials and expectations between the boj and the fed. the fed moving faster and further when it comes to the rate tightening than we expected. the boj says they are not worried about the weakness in the yen. they see it as a broad upside for the economy, saying they won't hesitate to add easing, let alone reining in easing at a time when we see other central banks tighten. that divergence, continuing to drive that trade. dollar-yen trading just over 1.22 that the moment. ozzie-ye

i'm vonnie quinn. this is bloomberg. haidi: south koreans have elected their new president, returning the conservative position opposition party to the top house after five years. our bureau chief joins us now for more. so who is yoon, what led to his win in what was a tight race? >> yoon is a former prosecutor general. he was handpicked by the current president moon jae-in in 2019 to go after the most powerful. but his ties with moon jae-in actually soured after he went after those who were involved with the government members and with moon jae-in. that also led to the resignation of two former justice ministers. of course the top concern for this tight race was the economic part, which actually led to the decisive factor of bringing in the swing voters, the young swing voters. they were most focused on the soaring housing prices. whether the new president could rein in the soaring housing prices that have risen almost double, especially in the capital seoul. and has led to a lot of families making it very unaffordable

i'm vonnie quinn. this is bloomberg. kathleen: hong kong may announce a roadmap out of covid as soon as monday. we hear why social distancing measures need to be relaxed. this is bloomberg. ♪ kathleen: let's take a look at some key events over the next two days. you the members -- eu members meet to talk about further actions to stop russia aggression. president joe biden will join in person. in the u.s., we will hear from fed chair jerome powell after he lifted interest rates last week. chinese markets will be in focus after the wild roller coaster ride last week. for more, let's bring in them is a bank head of economic strategies. in your notes from last week, you're talking about markets -- you said hope, fear, uncertainty. i hope i got the order right. two of your main focuses were ukraine, but china with the crackdown on tech, it seems to have started lightening a bit. let starting ukraine. where are we? hope, fear, uncertainty and what does it mean for traders? >> i think i'm going to be playing

i'm vonnie quinn. this is bloomberg. juliette: markets getting a taste of what impact a cease-fire may have. the bank of japan has moved early and decisively to curb any upward pressure even with yields pulling back. let's bring in our cross asset reporter emily barrett. quite extraordinary intervention coming through from the boj today. emily: this is a continuing story. the boj is really fighting to defend that yield target. as we have discussed before it is a big challenge for the boj. the yen is really continuing to suffer. it is still around 60 or lows versus the dollar. pressures persist on global yields as to where the boj is likely to listen. but today we saw somewhat of a reprieve on global bond market. we saw the 10 year yield has fallen back from some of its heights of recent days. and there is suggestion perhaps we are seeing those inflation pressures, or at least the real fear around inflation starting to ease somewhat as oil prices have subsided. but it is yet to see what happens next. very much hinges on w

i'm vonnie quinn. this is bloomberg. >> still ahead, a group representing hundreds of companies tells us why the war in ukraine increases the urgency of maximizing u.s. domestic power resources. up next, offspring global investment joins to discuss how the economy may decelerate faster than anticipated as the fed tightens. this is bloomberg. ♪ >> it is likely to require significantly greater interest rate hikes than the fed or markets are now expecting. we need clear signals that we are prepared to accept some slowdown in economic activity if that's the price of reducing inflation. >> that was the former u.s. treasury secretary larry summers. our next guest says the u.s. economy may decelerate further than anticipated. he is a senior investment strategist at all spring global investments. larry said that even after jay powell got on board with the rate hike, that has definitely made it clear that they are all in favor of a rate hike at each meeting this year. yet the stock market says and people say th

i am vonnie quinn. this is bloomberg. rishaad: coming up, we've got president biden saying russia's use of hypersonic missiles shows vladimir putin is getting "desperate." we discussed with the former u.s. diplomat who served in warsaw before the invasion of crimea. plus, weighing the risks of the war in ukraine against the federal reserve. the best analysis in the business coming your way. this is bloomberg. ♪ >> the expectations going into this year is we would see peaking in the first quarter and maybe leveling out in the second half. that story has already fallen apart and continues to fall apart. my colleagues and i may well reach the conclusion we need to move more quickly, and if so, we will do so. if we think it is appropriate to raise 50 basis points at a meeting, we will do so. juliette: that was fed chair jerome powell speaking earlier. his comments sent treasury market into a tailspin, sparking a major selloff. let's get to kathleen hays and garfield reynolds. kathleen, what was so shocking about the comments

i'm vonnie quinn this is bluebird -- i'm vonnie quinn. this is bloomberg.ishaad: let's have a look at what is going on with commodities. nickel set to resume trading on the london metal exchange. let's get to su keenan who is starting off with oil here. trading slightly higher in the asian session but still down about 6% in the last 24 hours. su: 20 to 25% since the multi-year highs a week ago. it has been a wild ride in the volatility is not ending anytime soon. maybe traders are talking about the round-trip from the 200 day moving average. that was before it shot up into the stratosphere. we have seen oil come down dramatically and only in asia trading are we starting to see it pop up again above 97. i'm talking about west texas intermediate. oil closed above the 97 mark in new york trading on tuesday and has shot back up in the last hour. there are some buyers out there. brent crude closing above 100 in the most recent session. there are a number of fundamental issues weighing on the market. we have got iran nuclear talks. there is a lot of signaling the

i am vonnie quinn.his is bloomberg. kathleen: still ahead, amid sanctions, we look at the potential long-term impact of the war in ukraine on the global energy market. up next, shane oliver tells us how he sees reducing risk and the main drivers he is keeping his ion appear this is bloomberg. ♪ >> what i said is if we think it is appropriate to raise 50 basis points, we will do so. haidi: fed chair jerome powell speaking earlier. let's speak about the impact on markets with shane oliver, chief economist with ansi powder -- ansi capital. how much volatility do you see? we had movement in the treasury market that extended into the australian bond session, as well. shane: the reality is the situation in ukraine is far from resolved and could get worse. we have central banks raising rates and becoming more aggressive in doing so, or that seems to be the message from the u.s. fed. we've got rate hikes coming up in australia. we've seen a good rally in markets from their lows a few weeks ago, but that rally i

matthew mueller broke into the home of denise hus kins and aaron quinn and they were tied up and denise huskins was kidnapped and sexually assaulted. at the time the police called it an elaborate hoax and police turned out to be wrong. today mueller faced a solano county judge once again. nbc bay area's christy smith has what today's plea means. >> in a solano county courtroom matthew mueller appeared on screen in a mask to answer to charges that could put him away for more than three decades. he's currently at napa state hospital and now answering to state charges related to a 2015 kidnapping that grabbed national attention. >> referred to as false imprisonment by violence, what is your plea? >> no contest, your honor. >> no contest to robbery, burglary, rape for a 31-year sentence served concurrently for 40-year for kidnapping. >> he will serve time in prison. >> sharon henry spoke outside the courtroom. at one point early in the investigation vallejo police had publicly cast doubt on the victims' story. >> no one should go -- have to be re-victimized in that way, and you know, so we

i am vonnie quinn. this is bloomberg.coming up next, the london metal exchange set to reopen later on after suspending trades for more than a week following the unprecedented short squeeze. we have the details ahead. this is bloomberg. ♪ shery: take a look at the yuan. south -- saudi arabia was in talks with beijing. we have indication sanctions could precipitate the end of the u.s. dollar role as the world reserve in currency, given the broader selloff in chinese assets. the dominance of the chinese yuan rising in the world against the u.s. dollar has been talked about for a while, this is the share of swift payments for the yuan. china has made the internationalization of the yuan a top priority, and we are seeing some countries seek to reduce dependence on the u.s.. however, affect strategist say if we see such a move from saudi arabia, that would not necessarily be a game changer. we know that the saudi read is pegged to the u.s. dollar, it would see weakness in the u.s. currency that can affect the kingdom. turning t

mueller i believe there's a psychopath attorney dan russo has previously represented quinn. he says he's worried of mueller ever gets paroled. that's why i'm appalled at the resolution. but i've got to respect my clients. you know they didn't want to go through a trial with that lunatic. now erin and denise queen are trying to move forward as best as they can. they're now married with a daughter, who was born five years to the day after denise was released. by matthew mueller , christina henry lee live in the newsroom tonight for us, henry. thank you. well a drawbridge operators now facing manslaughter charges after a woman fell several feet to her death. carol right, was walking her bicycle across the bridge in west palm beach last month when it suddenly started opening. the 79 year old grandmother fell through a gap about five stories onto concrete below. investigators now believe the operator artistry appalled lie to them about looking to see if anyone was on the bridge before she opened it. attorneys say video evidence referenced in a new court affidavit may prove them r

well, well, the quinn has explained that russia is not so much seeking ukrainian crowder since ukraine is already right now. a neutral country officially, but the russia once iron clad guarantees of ukraine will never become. and they don't member or, and maybe more important the way that you created no weapons of any sorts, can appear on ukrainian territory that could potentially threaten russia. because gramlin and russian president, they can be not member of nato does matter if they can have any way. some american missiles or something. these american presume missiles that thread now are not real in existence, but may appear several in several years or something are very important point for president puts in personally and for the crown one that seeing that they could be deployed in ukraine and can hit targets in the moscow area very swiftly, without the, the russian leadership being able to become mayor warren or hyde in a bunker or something. so that's what right now russia once it went through the ukraine to be under russian. so sort of control and security matters. the crush wou

quinn. and so once that was done and, you know, they had their input and they agreed they wanted to move on with their lives. >> investigators were initially led to muller after looking into another home invasion in alameda county that occurred under similar circumstances. >>> well, friends and family will gather to remember a young hayward girl found dead at a home in merced. investigators discovered the body of 8-year-old sophia mason last week. sophia had been missing since december. her mother is now accused of child abuse and faces murder charges. family members say she had been living at the home with her mother and her mom's boyfriend, who deputies are still searching for. the memorial's planned for hayward cityhall. quite a spectacle in sunnyvale today. people in the owanee avenue near highway 101 saw a geyser of water explode he air ar 10:30 this morning. some people tell ust reached as high as 100 feet into the air. sunnyvale officials say i apg&e contractor ruptured a 30-inch wate

here is vonnie quinn in new york.rd round of talks between ukrainian and russian officials have made little progress as they have a cease-fire by both sides will continue. latest negotiations come amid humanitarian disasters. more than 1.5 million people have fled since the war started. they have attempted to create a safe passion amid mutual accommodations. russia is cutting the natural gas supplies to europe. the minister warned that the kremlin could block gas flowing through the nord stream one pipeline. meanwhile, eus mapping out plans to cut russian gas imports by almost 80% and a new strategy that is set to be unveiled later tuesday. morgan stanley's ceo said the fed should still start a series of rate hikes despite geopolitical and economic rate hikes spark by the war in ukraine. the central bank will likely need to make external rate increases in order to contain price increases. they expect the fomc to make for 25 point rate hikes this year. china warned the u.s. against trying to build what it's calling in

i'm vonnie quinn. this is bloomberg. rishaad: thanks.the former indian former secretary to discuss india's position on the war in ukraine, after a vote to condemn russia's actions. loss -- plus, the conflict in ukraine escalating. our guest joins us to discuss the ramifications. this is bloomberg. ♪ >> there have been physical almost face-to-face confrontation between the security forces acting there in the local population, so as you can imagine, it is a very delicate situation where anything could happen. haslinda: the head of the iaea speaking the bloomberg zaporizhzhia out the zaporizhzhia power plant. our next guest has written about the chernobyl accident and is concerned about fighting at the reactor site. she joins us now. good to have you with us. we heard from the iaea saying there has been no increase in radiation in the area. is that enough to allay your concerns? how are you assessing the risk? >> from my understanding, it was a training building that was on fire. that is good news. we should breathe a huge cipher leave. i h

i'm vonnie quinn. haidi: sanctions continue to mount. how investors are reacting to the release of emergency stockpiles of oil. haidi: and up next, we hear from port shelter ceo richard harris who says the war in ukraine may hasten the next recession. stay tuned. this is bloomberg. ♪ >> tonight, bloomberg brings you live coverage of the state of the union address hosted by joe mathieu. reaction, analysis, and what it means for wall street. >> we did leave this door open. those are the words that democrats wanted to hear. >> the state of the union address followed by the republican response. coverage because tonight at 8:30 p.m. eastern. >> i think we are at a very, very -- inflection point. it comes down to if the russians will be satisfied by extending their borders in ukraine. will they take he of? -- will they take kyiv? will they extend beyond the borders of ukraine? the last is terrifying to markets. it would shake a bunch of core europe if they move their military to the western border of ukraine

i'm vonnie quinn. this is bloomberg. rishaad: still to come, a sea course about pivoting and recovering in the philippine's retail and banking business. that is all too common our asean ahead segment. and the nuclear dimension in russia's war on ukraine as well. our guest will be breaking down the facts and fallacies around the idea of a nuclear deterrent. this is bloomberg. ♪ haslinda: now let's recap some of the headlines coming from the npr. national development reform commission vice chair speaking at the npc. some of these headlines coming through, he says commodity prices, stability is important to china's economy, and oil prices are very high right now and that includes the prices for coal, lng, green, and that is creating a challenge to stabilize prices. china said it wants to see stability in commodities prices. it also went on to say it has confidence that it can keep prices stable. it will boost soy production and grain reserves are currently pretty ample. that is coming from the national development and refor

i'm vonnie quinn. this is bloomberg.g kong reported over 14,000 new covid cases on sunday, the lowest daily total in more than three weeks. the chief executive said case numbers appear to have hit a peak. >> having gone through a month and a peak you have seen here, a responsible government should regularly and vigorously review these measures to see whether there is room for adjustment. kathleen: on the mainland, the shanghai disney resort will close as infections soared to record highs. let's bring in our chief north asia correspondent and let's start with hong kong. what can we expect from the covid briefing? stephen: a lot of people are expecting some sort of relaxation on some of the world's toughest covid restrictions, including the 14 day hotel days for arrival and those who test positive need to isolate for seven days. so there are some discrepancies there. there is just a fatigue, if you will, that she acknowledged late last week, that there is growing impatience, and growth -- including among the business commu

i mean, this is deeply ingrained. >> reporter: but quinn-davidson says there has been progress at the. last fall, governor gavin newsom signed laws designed to reduce the legal liability for burners as long as they aren't being grossly negligent. the legislation also acknowledged that purposely setting fire is not a new practice. for centuries, indigenous communities have used fire as a tool. under the new law there is also reduced liability for cultural burns- fires set by indigenous community members to meet specific cultural goals, like increasing biodiversity, ceremonial reasons, or to target a plant with cultural value. >> it's taken years to get to that point. and it's a no brainer, really, when you think about it, like, this is what works. we know that this is what works. >> reporter: don hankins is a pyrogeographer at chico state university in california, studying the intersection of fire, geography, and ecology. he's also plains miwok, one of the indigenous groups that inhabited what is now california. in late january, he did a cultural burn on part of his own property outsid

i'm vonnie quinn. this is bloomberg. haslinda: still ahead, divya gokulnath aims to educate 10 million children by 2025. we speak exclusively to the cofounder of india's most valuable startup. but next, the real impact of the u.s. and u.k.'s ban on russian oil. kristine berzina joins us for that. this is bloomberg. ♪ this is bloomberg. ♪ haslinda: outgoing opec secretary-general says there is no physical shortage of oil, even as moscow's war on ukraine fuels surging prices. speaking after the u.s. and u.k. announced their bans on russian oil imports, he told bloomberg opec will continue to guarantee supplies. >> we had decided last year in july that it was time for us to bring back to the market 5.8 million barrels a day. at the last crunch of the 9.7 million barrels that we withdrew from the market at the height of the pandemic in april of 2020. and we took a conscious decision to every month bring up 400,000 barrels a day, and we are continuing, including during the last meeting. but it is also not worthy, that not all

i'm vonnie quinn. this is bloomberg. shery: still ahead, hong kong and shanghai hotels went from losses to gains last year, despite continued challenges presented by covid. we will speak in an exclusive conversation. next, fed chair jerome powell will likely continue to sound a hawkish tone with regards to inflation. we will look into that with the former head of research at the u.s. treasury department. this is bloomberg. ♪ this is bloomberg. ♪ >> the economy is very strong. 2.8% is strong economic growth. we do feel the economy is very strong and well-positioned to withstand tighter monetary policy, and against the backdrop of an extremely tight labor market and high inflation, the committee anticipates that ongoing increases in the target range will be appropriate. every meeting is a live meeting, and we are going to be looking at evolving conditions. really what we are looking for is month by month inflation coming down, and the probability of a recession within the next year is not particularly el

oh, you're so shocked. assuming on but the quinn was appointment with no push for security purposes. letter got the written documents. i say it's kim who, who claims another scare me will show a new a sibling there. the position there was to ship time. you're saving them because the dish with to keep the vice kirk with machine is for us and other persons to legit it's actually in the store, but the brochure is picola. bring up the ocean for religious major, previous claims, the 1st month officer through imma. empty board for more than 7 years, he has traveled, roads that are constantly shelled to deliver a central supplies to graze on residence bread, water medicine and fuel generators. have to deal with a, with, with the other good additional year in the site in order to pursue the mfc a year to a wish with cash to lose. this is an issue because the upstairs with, i think a completely bluetooth almost to a question about who will be, will, will be with don't do as i said, you do it on and you, so that was issued from one. but if can just, if you see it should show echo clearly that

let's take you to new york for first word news from vonnie quinn. vonnie: san francisco fed president mary daly is echoing calls for rate hikes in may. she said she would also point a 25 basis point rate hike. fed officials cautioned against moving too quickly given broad risks and noted the fomc would have to take tightening by other central banks into account. >> they will absolutely confirm what chair powell has confirmed for himself, which is i have everything on the table right now. if we need to do 50, 50 is what we will to. but the data will help us determine how much is necessary. vonnie: russia is demand -- planning to demand payments in rubles for natural gas purchases , which could lead to another standoff with the west. gas prices surged after president putin ordered this. the specifics of a new arrangement are under clear, -- are unclear. the biden administration has had to reinstate exceptions on some chinese goods. the tariffs would apply to more than 300 50 manufacturing components of consumer products. the trump administration had o

i'm vonnie quinn. this is bloomberg. rishaad: still to come this hour, a look at india's markets as the threat of surging oil and higher inflation looms over the economy. franklin templeton choose its investment strategy with us. -- shares its investment strategy with us. ubs saying the u.s. dollar is saving currency and being short of the yen. more on that coming up. this is bloomberg. ♪ rishaad: that is the scene in congress as of the u.s. house of representatives passes a $13.6 billion deal for ukraine in broad spending. this is the first step as part of a broader bill as well. we've gotten this coming to support the country, which is under attack by russia. this is the u.s. house passing that $13.6 billion for ukraine. haslinda: let's get back to markets. it is a risk on day, bring back our guest, a macro strategist from ubs wealth management. even as we talk about a risk on sentiment in the equities market, we are seeing traders are gravitating towards the dollar. it is still a long dollar story. dollar trajectory i

i am vonnie quinn. this is bloomberg. shery: coming up on "daybreak: australia," we speak to nato's former deputy secretary general to get her insight on the response to the war in ukraine. next, a co-cio of investment tells us where she is allocating some of the firms $240 billion in assets under management. this is bloomberg. ♪ shery: a check on the markets, u.s. futures rebounding after we saw the s&p 500 losing ground in the new york session. we had treasury yields rallying and tech stocks syncing with the nasdaq 100 closing in bear market territory. we are seeing futures rebounding, although oil extends declines we saw in the new york session. we saw a drop as negotiations between ukraine and russia seem to be more substantial. the lockdowns in china giving rise to concerns about oil demand. our next guest says tech has been the defensive play in market volatility the last few years but it will not be the case this time around. with us is dana d'auria. this chart is showing us how the nasdaq 100 has entered bear mark

let's get to vonnie quinn. vonnie: the european union is calling for fast action to ensure the safety of ukraine's nuclear power plants two of which have been seized. in a letter to the international energy atomic agency, the u.n. urged moscow to return full control of the facilities to ukraine. the u.s. is said to begin a review of the first group of tariffs on chinese imports. of the process is needed to prevent duties from expiring and is likely to bring new scrutiny to their effectiveness. the biden administration has given no signal of plans to remove the tariffs data showing china is falling short of its purchase demands. the batman reportedly collected more than 101 -- $128 million in ticket sales making its the top domestic release this year. the numbers are helped by warner media putting theaters on the forefront of its strategy after a year of simultaneous releases in cinema and online. global news 24 hours a day, on air and on bloomberg quicktake, powered by more than 2700 journalists and analysts in

i'm vonnie quinn with the first word headlines.iscussing of possible ban on russian oil in orts with european allies as the biden administration faces pressure from congress to impose an embargo. antony blinken has discussed the matter with the president and the rise will have to be insured if a band were to be imposed. the white house is wary of pushing up energy prices for americans. china has set a growth target of five-and-a-half percent for 2022, signaling that -- primarily, he opened the national people's congress to take bold steps to protect the economy has risks mount. policymakers are trying to ensure growth is fast enough to create jobs and maintain social stability while avoiding over stimulating the economy. president xi jinping addressed the chinese people, saying they cannot rely on markets to ensure food security. china should focus on domestic food markets while ensuring it has progress level of capacity. also address the need for farmland protection and technology lead element of the seed industry. the u.s. is set