this process of normalizing monetary policy, but they will not follow in the footsteps of the federal reserve bank in the u. s. which is engaging in a long series or a house. i was cost breski talking to me earlier and it's about time for us to go. but just a bit of time to remind you of the top business story that we're following for you . ilan mosque has unveiled, a financing package was $46.00 and a half $1000000000.00 in his bid to take over twitter. mosque still has to convince shareholders and the board of twitter to accept his offer. and that's it. you're up to date with a d. w business from mcdaniel winter in berlin and the rest of the dw business team . thank you very much for watching and see you next time. same time with is the end of the pandemic in site. we show what it could look like, a return to normal. and we visit those who are finding it difficult with successes in our weekly coven 19, especially over $910.00 special. next on d, w. blue. be loud. be visible and help others with your story. every 3rd woman is a victim of gender violence. they have experienced it 1st hand in deman

this process of normalizing monetary policy, but they will not follow in the footsteps of the federal reserve bank in the u. s. which is engaging in a long series or a house that was cost breski talking to me earlier, and it's about time for us to go. but just a bit of time to remind you of the top business story that we're following for you . ilan mosque has unveiled, a financing package was $46.00 and a half $1000000000.00 in his bid to take over twitter. mosque still has to convince shareholders and the board of twitter to accept his offer. and i think you're up to date with a d. w business from mcdaniel winter in berlin and the rest of the dw business team . thank you very much for watching and see you next time. same time with been to the conflict zone with sebastian. russian forces have begun the 2nd phase of the war in ukraine. that ukrainian officials said they were come for them. they could hold off be offensive as the war goes on. she believes the danger arising. he's nina gustavo great granddaughter of the former soviet lead indicator crucial conflicts on on d. w with be loud, be invisi

the federal reserve bank, people just read about it and they would understand how controlled it is by wall street. inflation has been described as a hidden tax because a lot of the cause is because the federal reserve issues money that our government wants to be issued because the government cannot catch people for what they spend. the government over spends, particularly on the military. if they tried to tax us on the money they would get thrown out of office. henry ford had a great quote in the 1920's or 1930's after the federal reserve bank was created and he said if the american public understood banking there would be a revolution in this country by tomorrow morning. it is kind of bogus. they change the way that they calculate so the public doesn't know. inflation is probably 12% to 16% but the government doesn't want to tell you because you would be very upset will sto -- very upset. guest: calculating inflation is complicated because we experience it differently based on a basket of goods. the price of one thing going up is not inflation. it is the general price level, the gene

we'll talk to cleveland federal reserve bank president loretta mester, about covid and the conflict addingaring prices at home. finally, obama homeland security secretary jeh johnson weighs in on the growing crisis at the border, after the biden administration wants tolihpoyonn "face the nation." ♪♪ >> brennan: good morning. and welcome to "face the nation." we are 46 days into this devastating war in ukraine, and the number of attacks and atrocities continues to mount. russian forces have retreated from the north, but have dramatically stepped up their advancement in the east. we begin today with deborah patta reporting from kyiv, and we want to warn viewers some of the pictures you're about to see are disturbing. >> reporter: from land, sea, and air, the donbas region has already been pummeled relentlessly since the war began over six weeks ago. there is not much that hadn't been reduced to rubble, in cities like mariupol, where the people trapped inside are enduring what one resident described as misery worse than hell. and a new imagery shows a russian convoy of hundreds of armed vehic

official with the federal reserve said she expects an inflation to stay above 2% next year. the president of the federal reserve bank of cleveland says the trajectory will be moving downward in part due to the central bank raising interest rates. >> russia's war against ukraine is having a devastating consequence on both countries economies. the world bank says ukraine's gdp will detract by 45% and russia's by 11%. the fallout will also hit e megaing markets and developing countries this unit and central asia. jet blue reducing flights it is offering throughout the summer. amid a labor shortage. the company was forced to cancel 300 flights because of lingering delays caused by the weather in the southeast. alaska airlines said it would cut flights blaming staffing shortages. for more, head to cbsmoneywatch.com. i'm diane king hall. . a vote has saved uc berkeley student run newspaper from close down. the save the daily cal initiative passed. students will pay a $6 fee every semester, raising $400,000 for five years, the newspaper has been in circulation since 1871. sit one of the oldest college papers in the country

federal reserve. and the federal reserve makes the payments kills me order for doars o behalf of the u. s. treasu by using the computer keyboard to create digital dollar and credit the appropriate bank accounts so that's where all of that money is coming from and we can do it in times of emergency like today b we could also do it in more normal times we could fund infracture in exactly the same way the limit again. is the economy's capacity to safely absorb whaver spending congress has authorized so today congress here it has a box office they run all their lives you know potential programs on walls first through a bunch of dogs to make sure that impact is and then there you know they're going to see whether there's enough money. to pay for it and all that you're saying this it's actually the exercise what you should have done a bunch of the shift inftion. when long may sent a bill over to this by office called the can. budget office or cbo yeah there basically asking cbo f the least. useful feedback one could possibly get what ty ask is tels if it will add to the deficit tell us if it will increase the debt trajectory over the- forecast horizon. that is not the estion or those a t

. >> the senate considered federal reserve nominations. senate banking committee member pat toomey asked unanimous consent to consider the nominations of jerome powell to serve a second term as a federal reserve chair and philip jefferson to be a member of the federal reserve or. he makes the request shortly after republicans blocked the nomination of lisa cook to be the first black woman to serve as a member of the federal reserve board. senate banking committee chair sherrod brown objects, accusing republicans of trying to embarrass the nominee well two democratic senators are absent due to covid-19. the senate is expected to vote on lisa cook's nomination again at a time to be determined. this runs 15 minutes. mr. president, the chairman of the banking committee spoke before this vote and made the point he wants to have a vote on all three fed noms. i want to have a vote on all three fed noms that have been under consideration in the exchanges today. republicans want to vote on all three. we just voted on one. one of the three our democratic colleague

a report by the federal reserve bank of san francisco found that states that cut those benefits ahead of their scheduled expiration did not enjoy a lower unemployment rate. governors of roughly half of those states, most of them republican, withdrew federal benefits in june or july of last year. the thinking was cutting off the benefits would spur more people back into the workforce. instead, hiring only picked up .2 percentage points compared to states that kept those benefits. >>> money is flowing out of mutual funds, and it's sending major wall street indexes downward again. the dow fell nearly 1,000 points to close out its fourth straight losing week. the s&p 500 also ended down almost 3%. it's been down for three straight weeks now. wall street is still reeling after this week's warning from the head of the federal reserve. he says it's absolutely essential to tame inflation right now. >>> still, u.s. treasury secretary janet yellen has an optimistic outlook on the economy. she told bloomberg news this morning that inflation may have peaked and the job market is in a very good pl

officials at the federal reserve bank of dallas say home prices are rising much faster than they should, up 27% in two years. they fear the market could reach a tipping point like the bubble of the early 2000s. >>> authorities in greenville, south carolina, say a 12-year-old boy was shot and killed at his middle school, and the suspect is another 12-year-old. police swarmed the scene just minutes after the gunfire was reported. they say they found the shooter about an hour later hiding under the deck of a nearby home still armed. no word on a motive but officials say the boys knew each other. >>> we're following a major development from the war in ukraine. an urgent evacuation of people from a city described as a hellscape. people have been waiting four hours in line just for bread. they've had no running water and very little hope until now. today in ukraine, russia claims a humanitarian corridor will open from the besieged city of electricity for weeks.mated russian forces have also handed back control of the chernobyl nuclear plant after holding the site since february. according to

distinguished senior fellow at the mercatus center and a former president and chief executive of the federal reserve bankoll of economists conducted by reuters says inflation should be 8.8% year—on—year. what are your thoughts? be 8.8% year-on-year. what are your thoughts?— your thoughts? thank you for havin: your thoughts? thank you for having me- — your thoughts? thank you for having me- i— your thoughts? thank you for having me. i would _ your thoughts? thank you for having me. i would tell- your thoughts? thank you for having me. i would tell you . your thoughts? thank you for having me. i would tell you ll having me. i would tell you i think those numbers are pretty close to on the mark. we should see inflation at about 8.5%, given the amount of momentum of inflation we have had for the last several months. that continuing into april, a specialfurther continuing into april, a special further accelerated with the effects of the war in ukraine so we had 8% before the war and certainly will have much more, i would say 8.5% is in the range as we go forward from here. you said energy perhaps you, yes, we

federal reserve, the chair of the white house council of economic advisors, president of the federal reserve bankf san francisco. she was the first woman in each of these positions just as is the case as treasury secretary. but what many overlook is that she was also the first person of whatever gender in american history to have served in all of these roles. [applause] so she is a trailblazer. her record of public service is matched by her enormous contributions in the field of economics during her extraordinarily impressive academic career. from understanding labor markets to evaluating international trades, or has detailed detailed a faultlines in the modern economy and has looked for ways to fix them. since january 2021, secretary yellen has helped lead the biden administration economic recovery efforts on both the domestic and international fronts. just last year, she brokered a historic agreement among 130 countries on international pacts, which is something many, including me, thought could never be done. her career is one of breaking down barriers and building bridges. secretary yellen, w

we're seeing, actually bank of china, peoples bank of china is actually easing see the federal reserve, bank of japan -- liz: some of them sure. >> holding steady. there is kind of mixed messages there. i think you could see peak earnings for some of those spaces after what we've seen over the past year. liz: folks, john has just told you, where the soccer ball is going which what as an investor you want to do. things may look now. you have to be careful. to look ahead. thank you so much, john lynch of comerica. [closing bell rings] the s&p and the nasdaq snap a three-day losing streak of the markets close pre close to session highs right now. the dow up 355. nasdaq up 274. s&p gaining 50. that will do it for us. "kudlow" is -- ♪. david: hello, everyone, welcome to "kudlow." i'm david asman in for larry kudlow. well inflation continues to soar under president biden. producer prices, those are the prices paid by folks who make stuff that you end up buying at retail, they just came in much bigger than expected, rising at 11.2% from a year ago. that is the biggest gain on record but democrats a

. >> reporter: top official with the federal reserve told cbs's face the nations she expects inflation to stay above 2%. the president of the federal reserve bankys the trajectory will be moving downward due to the plans to fight inflation. big banks in focus with enings set to kickoff wednesday. the biggest bank, jp morgan chase and followed by citigroup wells fargo and golden sacks on thursday. consumers are looking for easter deals with plans to shop at discounts stores or ava of retailers. families plan to spend -- [no audio] -- >> we have chores we hate but there is a new study that is showing what is on top of the list here. >> reporter: cog to a recent survey, 68% of americans dread doing the laundry. 45% said forgetting laundry was the biggest fail. leaving items in the pocket. laundry is my least favorite chore. >> it's the folding that gets me. it takes so long. >> exactly. that part. you are like, oh. >> the pocket thing. that's not a problem for me. >> you have to dry it again to get the wrinkles out. >> my man leaves so much in his pocket. i'm like, come on. >>> extra change. >> i go through it. >> get dollars. >>> time is 5:39. su

. >>> the federal reserve bank is raising interest rates to try to combat soaring inflation. r financial institution to predict a recession in the u.s. beginning late next year because of the higher interest rates. let's bring in a washington post opinion columnist. nice to see you this morning. the economists at deutsche bank write inthis. we no longer see a soft landing. we expect the aggressive tightening of monetary policy will push the economy into a recession. last year it was the strongest economy since the ragan administration. now we're all trying to guess when the next recession will happen. >> a number of other banks have also raised the probability of a recession at the very least. goldman sachs and some others have placed the odds at about 1/3. so deutsche bank is still an outlier, but we do see this sort of darkening of the economic outlook right now among a lot of forecasters and economists and it's partly because, as you just read, the fed is tasked with getting inflation under control. and historically when they have done that, when they have raised interest r

there is the federal reserve bank of atlanta, nice to have a fed reserve bank here to understand firstt measures the cost of a basket of important items that change prices slowly. the second cents flexible consumer price index, that changes really rapidly and thank you, larry take a look at this chart. which shows the 12-month range dating back to 1967. the sticky price cpi is in orange and the flexible price is in black williams points out that right now, the flexible cpi is at an all-time high and in fact he said it is in the zone where inflation peaks. which is what we're hoping for now let's zoom in on this chart that shows the three month rate of change for the core flexible cpi versus the 12 month rate of change in brown going back to 2016 so, you're any looking at rate of change charts not the actual -- rate of changes. according to williams, the consumer price index is a good leading indicator for the sticky consumer price index after prices for flexible goods start surging, evenly the stickier ones start to catch up and as you could see based on the three-month rate of change

. >> the senate considered federal reserve nominations. senate banking committee member pat toomey asked unanimous consent to consider the nominations of jerome powell to serve a second term as a federal reserve chair and philip jefferson to be a member of the federal reserve or. he makes the request shortly after republicans blocked the nomination of lisa cook to be the first black woman to serve as a member of the federal reserve board. senate banking committee chair sherrod brown objects, accusing republicans of trying to embarrass the nominee well two democratic senators are absent due to cov-1

president of the federal reserve bank of kansas city which includes the university of kansas at lawrenceho won the national championship last night. back to you. guy: mike mckee with kansas city fed president, very happy fed president, esther george. thank you very much indeed to both of you. this is bloomberg. ♪ >> time for the bloomberg business flash. i am ritika gupta. elon musk revealed he had taken a 9.2% stake in twitter. the world's richest person will not own more than 14.9% of twitter during his time on the board and for 90 days after he leaves. the twitter ceo says musk is a passionate believer in the company and an intense critic. amazon buying dozens of rocket launchers to deploy satellites for its high-speed internet service. they will buy as many as 83 launchers from blue origin and united auto alliance. it is required to launch half of the satellites by july 2026. pressures on the supply chain have risen to a record. the logistics managers index for a third straight month found to interlink warehouses facing inventory costs. there try to figure out if they own the board.

did you see what charles evans of the chicago federal reserve bank said? and i love his fed speak if you listen to this it's really kind of tricky here, but he said 50 basis point hikes are worthy of consideration, "possibly highly likely." >> i agree. liz: highly likely or not? just possibly highly likely. >> very likely. probably going to happen that's why they have been saying it for the past three weeks so the market can get used to it so when brainard came out and said that last tuesday all of a sudden the nasdaq has been down four to 5% since last tuesday and you had sometime to react so what the fed does is float what they are thinking about doing and let the market actually discount so when they do it, it's not that big of a deal. so short-term, that statement is probably priced in. short-term the cpi tomorrow, which everyone is talking about being super duper hot, sentiment is now very bearish tomorrow we get a bounce. so actively gain the market, but again, mid-term to long term put your money to work. every single month, depending on your risk t

the federal reserve bank of dallas warned this week of what it called a brewing u.s.ated in 2008. what should we expect from here? ali vitale has our sunday focus. >>> marian and katherine know real estate. what's the one word you would use to describe this market right now? >> energized. >> competitive. >> challenging. >> reporter: 20 years in the business in washington, d.c. and they've never seen a market like this. >> we are used to being classified as competitive. how, this is new. >> home sales are soaring and inventory is down. >> builders are building as much as they can but not enough to meet demand. you get high prices. >> reporter: then the impact of the pandemic. now hit with the one-two punch of supply chain issues and inflation. after two years when staying home was paramount, investing in a moment started to take on new urgency for some, especially those eager to take advantage of historically low rates, including me. you guys helped me by my first home. was my process of norm? >> i would say it was because once you saw the property once, we had to imme

. >> a new report from the federal reserve bank of san francisco says that may not be the case and that the report says, quote: fiscal support measures designed to counteract the severity of the pandemic's economic effects have contributed to this divergence by raising inflation about three percentage points by the end of 2021. lara, how bad does it look for joe biden when he blames literally everything else? he blamed tyrus for inflation at one point. >> what? [inaudible conversations] >> not only does he not blame government spending, he actively says, no, government spending has nothing to do with it. and then the san francisco fed comes out and says, no, it's government spending. how bad does he look, lara? >> i mean, he always looks bad. he looks bad no matter what he's saying. but particularly when we have proof of exactly the opposite of what he's saying, and everyone knows what changed. i mean, go back to who our president was before president donald trump and how different things felt in america. yes, at the end of his administration there was a pandemic, but people were doing

last year court, the federal reserve bank of new york. now, that's the lowest level since the fed began asking this question in 2015 and high prices appear to be a driving factor. 22 1% of households in the survey report. they plan to buy a home but now view renting has a better financial option and talk about officially announced that mexican pizza will return on may 19th this year. the piece will be available in restaurants but will only be available for delivery through doordash during the first week of the release. now, fans have been asking for since it was discontinued back in 2020 and some peloton users aren't happy about the company's plan to raise monthly subscription fees by $5. so that monthly charge will go to $44 a month from 39. it's the first time peloton has race fees in 8 years live from the nasdaq market site. i'm jane back to you. thank you, jane. >> sherri papini is pleading guilty to faking her own kidnapping in 2016. she appear before a federal judge in sacramento yesterday when she pleaded guilty to lying to a feder

this is more about the lack of trust that the bank has for the federal reserve. >> so, if deutsche banksending a direct warning to the federal reserve to change course immediately in the way it responds to high inflation with these aggressive rate hikes, how likely is it that the fed will listen and ease off to perhaps calm global market nerves? >> well, i'm hoping the fed will understand. i think they do, but they need a balance, like, i think it's gotten out of control on either side. and i think part of the recession, rosemary, isn't so much about -- it's okay -- i mean, it's never okay to go in recession. i'd rather have a minor recession than a major recession. there's a difference between the two. we're seeing inflation rising, prices rising, the pandemic, it's clear on all sides a recession will possibly occur. we saw this the last recession. it could be minor. it could be a blip and we could be back on the road to recovery. i don't want to make it seem like there isn't a path that isn't all doom. but deutsche bank is stating that the recession or the recovery is not going to hap

the federal reserve bank, people just read about it and they would understand how controlled it is byl street. inflation has been described as a hidden tax because a lot of the cause is because the federal reserve issues money that our government wants to be issued because the government cannot catch people for what they spend. the government over spends, particularly on the military. if they tried to tax us on the money they would get thrown out of office. henry ford had a great quote in the 1920's or 1930's after the federal reserve bank was created and he said if the american public understood banking there would be a revolution in this country by tomorrow morning. it is kind of bogus. they change the way that they calculate so the public doesn't know. inflation is probably 12% to 16% but the government doesn't want to tell you because you would be very upset will sto -- very upset. guest: calculating inflation is complicated because we experience it differently based on a basket of goods. the price of one thing going up is not inflation. it is the general price level, the general

federal reserve. she's been representative from the federal reserve bank of richmond's fifth district . she cares deeply as you indicated in her opening statement about working families. she's ready to roll up your sleeves to take on the challenges our economy faces and i think a prime example of that is what happened during the last year of the trump administration. when we got hit with covid and if that administration had responded quicker we might not be in as deep a hole that she worked very closely with terry mnuchin and in many ways prevented what would have been an economic catastropheso i look forward to supporting her . i would say to my friend from louisiana that when we were past unprecedented amounts of money to put that capital in the american family's pockets , i didn't hear anybody complain about inflation. i think the first $3trillion, $2.2 trillion and the next couple trillion , i guess i'll give senator credit on that but the vast majority said that was the right thing to do. and i hope the fed moves aggressively on dealing with monetary policy but i would say and i wi

and they are staying ahead of the curve when it comes to the federal reserve other banks who are hiking. you are talking about the bank of canada, they will not be aggressive. >> everybody is moving at this point. let us get over to the first word headlines. >> the u.s. is sending ukraine in hundred million dollars worth of military hardware. president biden announced this on wednesday after a phone call with the ukraine president. and includes heavy artillery systems and army personnel carriers. this signals a more intense military commitment after earlier shipments of mostly defensive weapons. finland has started the process to leave russia's nordic nader -- neighbor to nato. they bid to join the organization could be decided in the coming weeks after the release of a paper that cited better security guarantees. local media reports sweet it may also follow suit. >> new york city law enforcement officials have arrested frank james in manhattan. this is in connection with the brooklyn subway station of entered more than two dozen people. james faces a federal terrorism chart and could f

together it feels like, as an outsider looking in, that we are at that moment you are a federal reserve member bank time when big banks, finance, old school wall street type stuff, and crypto have their golden spike moment >> it's an interesting analogy we actually started looking at this space back in 2013. we opened our first account for a customer in the bitcoin space. this was before all of the other tokens we opened our first account for a customer in january of 2014. we have been doing this for eight years. we have been anticipating the broader financial market to pay attention to this. you are absolutely right it does feel like now is the time i think we have gone -- we have made a shift from where a couple of years ago people kind of scratched their heads if you were looking at bitcoin and the broader crypto currency system now i think people may be scratching your head if you are not paying attention to it >> people are paying attention to bitcoin, but i think there is question about the regulatory challenges ahead especially with what you bought from meta, which was dm why is a stable coi

the us economy was growing that much faster, and the fact it seems as if the us central bank in the federal reserveank of england. it is worth pointing out bank of england have hiked interest rate three times since december, they went faster to take down inflation but ultimately, it is the us central bank and federal reserve they seem to be picking up reserve they seem to be picking up the pace, almost compounding us issues. here in the uk we are in a similar situation to the us with the inflation rate in the uk, cpi at 6.2%, its highest level for 30 years, what that means is if you received a pay rise less than 6.2% over the past year you are net worse off, not to mention the fact we are yet to see the higher energy bills kick in here in the uk. we obviously have as your previous guest mentioned supply chain issues because of the post— pandemic era and further disruption because of the russian invasion of ukraine, a mixture of all of the above that is chipping away at the perception of the health of the uk economy, hence we have seen a sell—off with the british pound against the us dollar. also ag

we look at the big moves from the federal reserve and bank of america looking for 350 basis point movesthe federal -- this is becoming consensus and we can sit on this for a moment, twos and tens, negative nine basis points monday morning in the open and this kicks in, positive 13 basis points. you see the flattening trend over the last year or so. you have been asking the right question repeatedly, higher yields at the long and/or lower yields at the long and and there is still debate about that -- long end and there i still a debate about that. lisa: people say perhaps in a short run at leads to a widening of the yield curve and is steepening of the longer-term yields. and longer-term as the ramifications come into effect and you get the slowdown, people will pile back into bonds. it is hard to wrap your head around. this is uncharted territory. jonathan: what do you make of the pace from the fed here? lisa: it is dramatically faster, however the balance sheet is dramatically larger and inflation is dramatically faster as well. people are looking at this that it is in the range people

bryan: you know the federal reserve bank of dallas released a survey, they asked 139 oil and gas firms about 60% of these executives said that, in fact, it was investor pressure to maintain capital discipline, not to spend too much. the majority of them saying that is what is keeping them from producing more oil. not government regulation, but 60% of them saying that their own pressure from investors is what's keeping them from doing that. >> well, they're tied together. if you have a government that says we are going to be restrictive to the production of oil and natural gas, we are going to cut off infrastructure opportunities and have a government that says we need to be moving away from oil and natural gas and we need to -- we need to transition quickly, that all has a chilling effect on investment and so what you see is people moving out of the oil and gas space and as a result you see the supply -- that's contributed to supply imbalance that we have right now. bryan: frank, really quickly, when do you see this sort of ending? can the oil companies ramp up production by the end of

so consider from the federal reserve bank of minneapolis that noted the lack of affordable childcare has forced many parents to drop out of the labor force to care for children. for some childcare costs now exceed their wages. three quarters of respondents in the survey identified affordable childcare as a significant or extreme challenge for jobseekers. in minnesota one of the higher cost to states for child care, i share about this all the time it shouldn't cost working families a year's worth of tuition to pay for child care when we have a plan to solve the problem to lower families cost it can improve quality and increase the supply of childcare and raise wages. for providers and businesses so that it all works. let me ask this. i'm going to direct this question to ms. alvin the first. some of the colleagues proposed a reauthorization and a solution to the childcare crisis. can you tell me is this a solution to the problems that fail the childcare system right now lacks. >> to be clear i just heard about the proposal this morning. i haven't read the details. but that said, i do t

reporter: researchers at the federal reserve bank of san francisco say it is the massive government spending that has caused u.s. inflation to surge. meanwhile republicans are squaring up for the debate. senator tim scott tweeting yesterday, since 2020 democrats have pumped trillions of dollars into our economy resulting in inflation. this is an invisible tax pitting our most vulnerable communities, single moms, seniors on fixed incomes, and people living paycheck to paycheck. neil with, primaries for midterms starting as soon as next week in some states, democrats have their work cut out for them. they say, they say that the pressure is really on to get a deal done by memorial day which is when the current congressional work session ends. neil: lydia hu, thank you very, very much. when we come back, we've been telling you a little bit about the dust-up of twitter and now elon musk coming in, i want you to hear from a conservative writer and thinker says conservatives should take cues from elon musk and quit the victim-hood on the right. while conservatives have historically called for indiv

you have liquidity from the federal reserve, central banks that will stay around a while. u.s.s with geopolitical tensions going on. we've seen it in gold. the dollar as well. look, you have got revenues, profit margins, yes they're coming down, but they're still strong against historical standards. sentiment, you mentioned sentiment. when that gets really negative, it's a contrarian view. we think people should stay in this market but they have to be choosy. we still have a 4500 target on s&p for the end of the year. charles: danielle, i had a guest last week forced to sell positions for their clients because they were upset, they were afraid. when more people, victoria alluded to that as well. does it become self-fulfilling at this point? >> charles, it definitely does, because the fact of the matter, selling begets more selling. of course for people used to being in the market, been in the market a long time, we, yes, we know we should buy when the market is down but that doesn't change emotion, right? it doesn't change what clients do when they look at portfolios, they see

so consider this, this is from the federal reserve bank of minneapolis. that noted, the lack of affordable childcare has forced many parents to drop out of a labor force to care for children. for some childcare cost now exceed their wages. more than three quarters of response in the survey they did identified affordable childcare as a significant or extreme challenge for job seekers. in minnesota, one of the higher cost states for childcare, i hear about this all the time. it should not cost working families a year's worth of instate college tuition. to pay for childcare. when we have the plan right now to solve this problem that can lower families costs, it can improve quality, it can increase the supply of childcare and it can raise wages. for childcare providers and for businesses so that it all works. so let me just ask this. i'm going to direct this question to miss allvin first. some of our republican colleagues have propose a reauthorization of ccdbg as a solution to this childcare crisis. can you tell me, is this really a solution to the problem t

federal reserve undermining val of the $gold price rally right now massive amounts of money out there reserves the fed has been playing with a gimmick as discussed trying to keep 1.7 trillion dollars out of the bankingthe way to fight inflation slowing the economy down, instead of a soft landing you often get a crash-landing they think austerity caused nation they think got to create more unemployment slow the economy chase disaster unnecessary. >> look at this market steve dow industrials up 200 points right now nasdaq up 235. explain that. reaction hp. >> my reaction is is i'm clutching my cash i am not a market climber not a market climber even though cash going down day value rates going up may not be that way in the future but in terms of -- timing the market who knows when you look at europe going in recession china weak, you see real problems here in the u.s. i would be very cautious. >> can i add something to that, that i -- before, just looking at the fed has just begun raising short-term interest rates for ten year 2.7% but inflation is running at 8 1/2% rate, so it sends -- so, risk-averse individuals have to take incredible alters of risk just to keep up with inflation. you can't own a c

federal reserve has indicated the u.s. bank's double the interest rate to curve inoperation. an increase of half a point will be considered when officials meet next month. >> so inflation is much higher now, and our policy rate is still more accommodative than it was then, so it is appropriate in my view to move a little more quickly. we'll make the decisions meeting by meeting. >> the fed switched his policy to monetary tightening in march. it raised the key interest rate by a quarter of a point. that was partly due to the effect of russian's invasion of ukraine. in the fed's main meeting, there's also a possibility that policy makers will decide to pursue what's called quantity tif tightening. that means they will reduce to central bank's holding of government bonds and other assets. the value of the dollar has been rising against the yen as the gap widens between u.s. and japanese interest rates. this is on the back of the two countries taking two different directions on their monetary policies. >>> they have agreed to maintai

major indices all saw losses yesterday after the head of the federal reserve said the central bank needssive action to fight inflation. it could mean a half-point rate hike when the fed meets next month. the dow lost 368 points, the nasdaq was down 278, and the s&p 500 fell 65 points. >>> elon musk says he has lined up $46.5 billion in financing in his latest bid to buy twitter. that's according to documents filed yesterday with securities regulators. the money will come in morgan stanley and other banks. twitter says it has received musk's updated proposal, and its board is conducting a careful review. >>> less than a month after its launch, cnn's streaming service, cnn plus, is shutting down. it sank tens of millions into the venture. the company says it will find spots for some of the new employees, but there will also be layoffs. cnn plus was charging users $5.99 a month. the service will stop operating on april 30th. >>> and give me a break. some of your favorite chocolate candy may cost you even more this year. nestle, the maker of kit kat bars, raised prices more than 5% between j

this year's unprecedented bar round accelerated after more from the federal reserve. the central banks will reduce debt hauling, sending debt levels after completing an eight month losing streak. speculation is being raised about russia and a potential technical default. the finance ministry paid rules to some of its debt obligations this week because for an banks refuse to process $649 million of payments but it did not give russia the option to pay in rubles. two top executives will step down this year. an asset management chief and the president alix stern. they will be succeeded by the cfo. global news 24 hours a day on air and on bloomberg quicktake, powered by more than 2700 journalists and analysts in over 120 countries. i am ritika gupta. this is bloomberg. >> we are still bullish on oil. we see oil trading up to $125 a barrel. i want to emphasize that what this does is it crowds out more investment. it makes a small term worse because ftr release is not a long-term solution to underinvestment. jonathan: jeff perry of goldman sachs, his call is still $125 on prude. equity futur

we're going to start something called the federal reserve bank of "squawk" where we start talking to guests who are on main street who are hearing some of these things where they're hearing about it. >> we can combine it i don't know whether you realize it there's tax day coming up, but did you know today is the release of the all-american survey >> i did not. >> oh, yeah. i'm sure most of our viewers realize what april 13th is, and that will be coming. did you see manchin yesterday? he was -- this is bad. the feds have got to raise rates. drill, drill, drill. of course, he's in west virginia we've got to get the energy situation under control and the fed needs to move quickly. it's a place where joe manchin as a senator thinking of constituents would have to think about how it ravages people. >> 100%. i'm not sure he's hearing it. >> that's what i mean. >> look. i will also say i heard a survey this morning that said 84% of americans are now talking about curtailing their activity and their spending because of inflation because their budgets are getting blown up 84% of americans are

the last week the federal reserve bank of san francisco released a study that showed inflation spike last march after the democrats forced the american rescue plan through congress. they analyze the current u.s. inflation rate against other developed economies and conclude upwards of 3% of the inflation we are experiencing can be attributed to government spending. we now have a government expense. unfortunately some people in congress are tryingeo to revive the build back better act to spend trillions more dollars in a time when the economy is overheated. they often cite the same economist who incorrectly -- as the ones nsa build back better will reduce inflation. we cannot double down on the reckless government spending to kenyon to drive up inflation or i can tell you i know what that is doing to our business. first, who in this country is hurt the most by the inflation? that would be my first question. >> well, households, consumers are hurt by inflation and low income consumers probably bear the biggest burden. >> okay. my time is up and i give my time back to chairman. >> thank

kailey: while we are talking about a federal reserve tightening, the bank of england and an ecb thatould be hiking by the end of this year, there are central banks going the other way. japan is staying put, china, easing. the growth in china is also a pretty big question mark, freya. how are you thinking about that? freya: that leads back into our european forecast as well. let me throw some numbers that you, because there is so much opacity around the chinese data that sometimes you just get these kind of .1% aviation from what the target is, and you have to express your entire forecast to that. we don't really like to play that game. instead what we do is have our own forecast of real gdp growth, weird your -- which we are going to derive from nominal gdp growth. the best leading indicator of chinese growth is m1 growth. that is not picked up yet in any way. there is a deficiency of demand for credit because they have hit their structural barriers, and if m1 growth does take up, does -- it will be because of the supply-side of monetary policy is managing to push up on his supply. i

the federal reserve bank of san francisco examining why inflation is rising faster in this country willhe study finding quote the sizeable fiscal supports measures economic collapse pandemic could explain about 3 percentage point of the recent rise of inflation. same experts warn if the government had not stepped in that could have been outright inflation. i guess they're hedging their bets there as for the president today, focusing on healthcare instead of the economy. talking about ways to expand obamacare access. also bring costs down and a special guest today, former president barack obama making his first return to the white house since leaving office in january of 2017. steve, ainsley and pete, back to you guys. pete, are you still spinning that ball? >> pete: i'm sorry, mark. next hour, this weekend. saturday. >> steve: we were just talking, you know, back in the day, when you were pete actually played basketball in college against north carolina. >> pete: in new orleans where the final four was. we made the ncaa tournament. >> steve: you buried the tournament. >> pete: we were 1