u.s. led the way towards a social democratic revival, committed to and -- by a revived militant labor movement. organizing, militant labor tactics, led the way to the new deal measures which pioneered postwar social democracy, an enormous lift for the population. that was one way out. the other way out was what happened in europe, which sank to the depths of fascism. those were the ways out. actually, there are residences today -- residences -- it would be utterly ironic if the united states continues to unravel and move towards a kind of proto-fascism, while europe hangs onto the -- of social democracies that have resisted the neoliberal assault. and perhaps revise these very positive tendencies. it doesn't have to. the choice is in our hands. meanwhile, there are imminent problems. the war in ukraine is on the front page headlines. it is not the only one. literally millions of people are facing starvation in afghanistan. millions of people facing imminent starvation. people who a little

it is not just u.s. sanctions, but u.s. leadership with our traditional partners in the global community. we have provided humanitarian assistance for those impacted by this tragedy, including displaced individuals and refugees. we have provided that humanitarian aid and will continue to provide that humanitarian assistance. it is helping to accumulate evidence to pursue war crimes against perpetrators of these atrocities, and we are involved in that come as we should become a with the international community. and we will continue to do exactly that. and we will provide the necessary equipment for ukrainians to defend themselves. the priority now is for the air defense systems, because we know russia is using the air to attack the ukrainian people. it will also be antitank, because they are still using tanks in ukraine itself. it will be conventional weapons and ammunition. all of that costs money and all of that needs to be funded so, the president made his request thursday, yesterday, with the amount you referred to, $20

two u.s. officials, senior u.s. officials with knowledge of the draft plan which is still being considered is that it will be focused on artillery. heavy weapons, in particular u.s. made 155 millimeter howitzers, and ammo, ammunition, for those howitzers, and to get the ukrainians what they need, i'm told the u.s. is calling upon many nato allies to see what they can contribute to this weapons shipment in that category, again, with that focus on artillery and the reason for this is because they are expecting heavy, heavy combat there, with the dependence on heavy weapons. they want to make sure the ukrainians can stand up to whatever the russians throw at them and we're already seeing some of that happen as well. i also speak with the mayor of irpin, who tells me just harrowing stories about what russian forces left behind as they left that suburb of kyiv, including, bianna, booby trapped toys, toys booby trapped to injure and kill children. it is a remarkable and harrowing account. that's coming up. >> more images

u.s. can't independently confirm the reports out of bucha, they have no reason to doubt ukraine's claims of what they call atrocities. >>> we're also following two live meetings on capitol hill. the rules committee voting whether to recommend find two aides to former president trump in contempt of congress because they refused to go along with subpoenas of the january 6th committee. the senate judiciary committee about to returning from recess for a vote on the nomination of judge ketanji brown jackson to the supreme court. we are watching all of it. we've got our team here for it all. i'm hallie jackson. good to be with you, along with kelly o'donnell at the white house. ali arouzi is in ukraine. courtney kube is at the pentagon and we have the senior advisor to nato's supreme allied commander. here is what we are watching this hour. fury from the rest of the world, looking at those horrific images out of the kyiv suburb of bucha where president zelenskyy was today saying what happened th

u.s.. look at u.s. futures right now, under pressure after the s&p 500 managed to gain in the last few minutes of trading in the friday session, in fact, for the week, we saw u.s. stocks gaining ground for a third consecutive week. we are now seeing some downside pressure as we continue to have that uncertainty over where the federal reserve goes from here. we have u.s. job numbers really strong, showing a resilient labor market. also watching the treasury space, we are seeing the treasury route continuing in a new levels of the yield curve in version, the twos and 30's inverting for the first time since 2007. oil markets are also extending their around. wti is now below $100 a barrel. brent also approaching those levels. and we have the u.s. announcing the unprecedented release of u.s. oil strategic reserves, and the u.k. also expected to join those efforts. haidi: let's look at how we are looking at the start of trading. you said that acceleration into the close is what dominated the nar

. >> u.s. trade representative katherine tai testified about the biden administration's trade policies with russia and china. this is a little over two and a half hours. [gavel] sen. wyden: the committee will come to order. today we are focused on russia and china because those are the big national security and economic developments in our world. their governments are united in putting up barriers to american products and american values. since putin launched his invasion of ukraine, the u.s. and our allies have hit russia, putin and the oligarchs with the most powerful sanctions in history. it's not just about yanking away super-yachts and private jets. putin is now the head of a pariah state. the senate and my colleague, senator crapo and i, are working hard to designate russia as a pariah state by revoking its permanent normal trade relations status. our country is showing russia that taking this abusive totalitarian road is a bad bet. the u.s. and our allies must prove the same to china. ch

u.s. pulls out non-essential consulate staff amidst widespread covid lockdowns. a third warning in less than a week. pessimistic about peace. austria's chancellor warns of a spiral of violence in the east of ukraine after meeting vladimir putin in moscow. and it is u.s. inflation day. stocks and bonds selloff and the u.s. treasury yield is at its highest since 2018. in 1980 two the song lives in everybody's head, joan jett and the blackhearts, i love rock ''' roll -- that is when inflation was last at these levels. but i tell you what, this bond market is gearing up for a hectic day. dani: and that concludes your tuesday edition of daybreak's greatest hits. it has been a wild few days in this bond market with intense selling. the flattening trend is starting to reverse. manus: absolutely. the question we will debate in the next early minutes is with timothy graf. 40 basis points -- six sessions in a row. the curve is trying to get readjusted to the top of inflation or fast acuity. dani: at

in the u.s. we remain concerned on inflation and remain convinced that the fed needs to do more in the coming months to anchor inflation expectations going forward. we are at the start of the earnings season looking at the surveys in the u.s. inflation is still the number one worry for businesses in the u.s., above labor which has been an issue so far. tom: and we have test goes coming out -- tesco coming out today as well. we talked with a bullard and he is looking at 3% from the third quarter. barkin and brainard on the other side of the ledger. that's assess where we stand on inflation. -- let's assess where we stand on inflation. vincent: -- needs to do more looking at the latest inflation print. tom: is 9% too far? vincent: i think inflation is the story. at some point, there is the question of inflation peaking at some ways. we shouldn't slow too much of the economy is in coming months. -- economy in the coming months. we are looking for 50 basis point rate hikes in the coming meeting and i

the u.s. allies have agreed to send more heavy weaponry to ukraine. 40 countries agreed to meet monthly to discuss arming kyiv. after months of threats, russia threatened to turn off gas to poland and bulgaria. reporter: the world's most senior diplomat is on moscow on a mission. he said he has come to the russian capital as a messenger of peace. his audience, the most controversial world leader at the moment, vladimir putin, who received him with high praise for his organization. >> russia is a permanent member of the security council and has supported this organization and we believe it is not just universal, but unique. there is no such organization in the international community and we support the principles on which it is based and intend to do so in the future. reporter: not mincing words about how the world sees russia's so-called special military operation in ukraine. >> i understand these grievances, but the grievances must be solved according to different instruments the u.n. charter

u.s.-produced air defense systems and anti-tank systems such as stingers and javelins as well as radar systems that give the ukrainians early warning and target data and multiple other forms of arms and munitions. the administration is working around the clock to fulfill ukraine's main assistance security requests delivering weapons from u.s. stocks where they are available and facilitating the delivery of weapons by allies where allied systems better suit ukraine's needs. this is happening at an unprecedented pace. last friday, we announced an additional $300 million in security assistance. bringing the u.s. commitment to 1. 65 billion in weapons and ammunitions since russia's invasion and $2.3 billion since the beginning of the administration. the latest package includes laser-guided rocket systems, puma unmanned aerial systems, armored high mobility multipurposed wheeled vehicles and more. material is arriving every single day including today from the united states and our allies and pa

puerto rico is a u.s.tory, but the justices say the ruling does not violate the equal protection of citizens because lawmakers can treat u.s. territories differently to u.s. states. english premier league side manchester united have confirmed that eric will take over as manager next season. he will replace the interim manager ralph with a three year deal. they will end the season without a trophy for the fifth consecutive year. in afghanistan, there has been more violence against the has are community. afghan officials say at lea 31 people have been killed in a powerful explosion at a mosque in a northern city. dozens of others were injured. social media footage shows victims being carried to the main hospital from a mosque, which is in a part of a city home to them. it is the second attack in tee days against their community. it is the latest example of instability in afghanistan according to the world bank, it has left more than a third of afghans -- their economy was dependent on foreign aid which has b

so more than 40 countries, no doubt that the u.s. contribution and the u.s. role is just of crucial importance. and you folks are the biggest contributors to the global peace and stability. and you are the most staunch supporters of ukraine. but actually, for today,ee have more than 40 countries who are ready to co-sponsor this kind of large scale support in ukrainians' fight for freedom. >> so putin invaded crimea just as you were taking office in ukraine. i wonder if you could have ever envisioned even though you were there when they took crimea, the russians would do anything like we're seeing in terms of atrocities as horrific at this scale? >> i never trusted the russians. we have a very long and dramatic history of relations with russia. putin failed to take over ukraine in 2004 when we had the revolution. in 2015 when we had the revolution of dignity, and failed in 2022. but here is the thing. today, you had hearings in the senate, and your senator rand paul asked, if i'm not mistaken, secretary blinken whether nato issue is related to the russian inva

the u.s. 10-year two point 81, up by three basis points today so far. the german bund in focus, arise of 11 basis points part of a reflection of what is happening stateside. and a consideration of what the ecb will have to do to rein in inflation, and the effects of recurring and energy -- of ukraine and energy in the mix. and brent has rallied in the last 12 hours by more than 3%, 100 and one dollars a barrel. there was pressure on oil yesterday on the back of concerns of lockdowns in china. let's get over now to mliv managing at more mark cudmore, you are looking at the yield differentials and fx moves, good morning. mark: at exes back because -- fx is back. they were really dead for most of the last eight years. during the pandemic it was not really volatility is. this is a chart of 2-year yield's in the u.s., the white line and germany is the yellow line. from april 2020 post the initial pandemic reaction and guidance that yields were going to be near zero and not move for a long time, the

u.s. support for ukraine. we'll bring that to you live. >>> yeah, we expect new steps there. we begin this hour with cnn senior international correspondent sam kiley, he's in kramatorsk, ukraine, in the east. sam, we're hearing pretty consistent accounts from the ukrainian military talking about intense fire, intense fighting on multiple fronts. what are you hearing there, and i'm curious what you're seeing yourself where you are. >> reporter: well, jim, yesterday we spent the day in severodonetsk, a town on the north side of the donetsk river, very close to rubizhne, which had fallen as a result of this campaign of bombardment carried out by the russians against ukrainian forces and ukrainian civilian towns. that town itself, severodonetsk, was hit multiple times, mainly in and around the hospital. whether we were there, there were civilians in basements, all part of this -- that the russians proven they are dedicated to, an old style soviet approach to smash up everything in advance, usi

all along, he and the u.s. government maintained his innocence, even as he was moved to a remote prison camp 350 miles from moscow. reed spending months in solitary confinement. he became ill, possibly with tuberculosis, and went on hunger strikes in protest. while back home, his parents never gave up hope, or the fight to bring their son home. protesting outside the white house and meeting with president biden just a month ago. >> and so let's get right to cecilia vega live at the white house tonight. and cecilia, of course, relief from trevor reed's family. we'll hear from the parents in just a moment here. but of course, these other high profile cases, americans currently being held by russia, paul whelan, sentenced to 16 years for espionage, of course, charges the u.s. government says are fabricated. and wnba player brittney griner, detained since february. what's the white house saying tonight about these cases? >> reporter: well, look, david, the white house said today they are going to do everything they

diplomatic presence, u.s. officials in ukraine has in no way hampered our ability to coordinate and consult with our ukrainian partners. in fact, just today secretary blinken at an opportunity to speak over the phone to the foreign minister, the same foreign minister we saw last week in brussels, the same foreign minister secretary blinken sanchez before that in warsaw, the same foreign minister you saw just before that inside ukraine. when we met with the foreign minister and his team along the polish-ukrainian border. of course, president biden spoke to president zelenskyy yesterday. secretary often speaks with his counterpart. the point is, our engagement has been consistent, routine to discuss precisely the issues are of most importance to us, we can continue to support our ukrainian partners and how we can continue to hold the kremlin to account for its illegal war of aggression against the state and people of ukraine. >> [indiscernible] >> i do not have any trouble to speak to. secretary blinken has the

u.s. defense secretary lloyd austin saying the u.s.in what appears to be a huge strategic shift. former ukrainian president petro poroshenko is joining us to discuss this. sir, you heard him say that. you've seen what he said. what is your reaction to secretary austin saying he wants for russia to be weakened so they can't do what they've done to ukraine? >> we applaud the global leadership of u.s. and ukraine support. definitely they understand better than anybody that this war is bigger than ukraine. this war is about all of us, about the free world. and the visit of secretary blinken and secretary austin is greatly symbolic move because world is divided before and after 24th of february. this visit is the first visit of high-ranking u.s. official after the full-fledged war in the capital of ukraine. it's extremely important to send a very powerful message worldwide that ukraine is not only fight, we know exactly what does it mean, but ukraine could win. and i thank first of all the volume of the united states support to ukraine, thi

u.s. officials reportedly visiting kyiv as russia's war enters its third month. shery: was elon musk and twitter executives said to be meeting as the social media giant turns more receptive towards his 43 million -- $43 billion takeover offer. u.s. futures under pressure at the asian open this after already three weeks of losses for the s&p 500 we saw disappointing corporate results from the lack -- the likes of verizon friday. that did not help. and an aggressive writing path for the fed not helping either. although we have to say we have big tech earnings this week from the likes of apple, amazon and microsoft. we will be watching if we can reverse that trend especially in the nasdaq 100 which is down 9% in april. we could be headed towards the worst month since 2008. we continue to see strength on the dollar which is at a 2020 high. not surprising we are seeing losses on wti trading. in asia, trading towards $100 a barrel after a week of losses. we had a report that chinese consumption

u.s. stocks and bonds fall as the fed says the central bank may shrink the balance sheet as soon as next month. haidi: the u.s., eu, and g7 countries coordinate a fresh round of sentience on russia as outrage grows over alleged war crimes in ukraine. shery: and the u.s. trade chief exclusively tells bloomberg the white house is looking to realign ties with china rather than seeking a new board. this is the picture across wall street. we are seeing u.s. futures up .1% after the s&p 500 fell. today was lower from tech stocks. treasury yields searching -- s urging after the more hawkish tone we saw today. that sent dollar to the highest in about a week. with a strong dollar we also saw pressure on wti prices, which continued in the asian session falling about .6%. and really offsetting that bullish push that came from potentially more sanctions against russia. it was really all to do with the treasury's route to because look at the 10 year yield, which rose to its highest level in three years

>> was the u.s. able to get any of the weapons. john kirby: we don't designate where the ukrainians use what we are -- what they are getting from us. the ukrainian armed forces literally drive them in and where they drive them to an xavier becerra, that's up to you the ukrainian armed forces -- they drive them to, that's up to the ukrainian armed forces. i can't answer that, only the ukrainian defense can answer a question about how much security assistance that were provided to them is and has been used in mariupol. look, i mean i can't speak with great specificity why they had a harder time in kyiv than they appear to be having in mariupol, they are two different cities, two different geographies, two different levels of effort by the russians and by the ukrainians. the point is, it is a strategic city for the ukrainians, too. they continue to fight over it and we contain it is contested. >> one official said the u.s. provides information to ukrainians to defend themselves. john kirby: i said that myself. >> in the donbas area, w

the u.s. and russia had not signed onto the international criminal court with us. ♪♪ [music break] amy: this is democracy now!, democracynow.org, the war and peace report. i'm amy goodman. the united nations general assembly voted 93 to 24 to suspend russia from the u.n. human rights council on thursday. 58 nations abstained from the vote. the resolution accused russia of "gross and systematic violations and abuses of human rights" in ukraine. the vote came just days after president biden said russian president vladimir putin should be tried for war crimes. pres. biden: he is a war criminal. we have to gather the information. with to continue to provide ukraine with the weapons they need to continue the fight. we have to gather all the details of this could have a war crimes trial. this guy is brutal. what is happening in bucha is ouageousnd everyone sees it. a mako -- amy: president biden's call for putin to be tried for war crimes came after the publication of images of dead bodies in the st

u.s. stocks ended yesterday higher, but let's look at european futures, playing a game of catch up after falling nearly 2% yesterday. ftse futures up nearly 1.5%. a little stronger in tech as well. across the asset picture, it's been about weakness in the yuan, locked concerns abound, but support from the pboc, perhaps not comfortable with the pace of declines means you are seeing some action. we will get into that and a little bit. looking at stronger commodities again, crude bumping up against $100 a barrel. u.s. 10 year yields higher again, but will they be able to act again with the concern when it comes to the chinese economy? let's get breaking numbers for you. novartis earnings coming in, first quarter core eps online, in line rather, $1.46. novartis basically exactly where analysts had expected it would be. $1.46. their new drug line will be really important for them going forward. their net sales for the first quarter coming in at $12.5 billion. basically in line with what analyst

the u.s. trade representative catherine tai says the u.s.ssing the global impact of the were in pain. >> all eyes are not just on the russia and ukraine, but on the rest of us in terms of how we are going to react and this conflict -- this complex set of dynamic certainly are in play on the economic and. francine: that was the u.s. trade representative speaking to haslinda osman. -- amin. coming up, russia's war in ukraine is wreaking havoc on the $120 billion global grain straight. that interview and story is up next. this is bloomberg. ♪ francine: welcome back to the open. 53 minutes and 30 european trading day. -- into the european trading day. we are still on inverted yield curves in the u.s. spanish asset managers are looking at reducing risk. and the italian 10-year yield down .063. silos in ukraine are bursting with corn. the stockpiles have gotten increasingly difficult to get to buyers. after turmoil that russia's war has brought in the global grain trade. megan, so much to talk about actually. grain being exported from ukraine, is

does the u.s. government have information that you can use to independently corroborate ukraine's allegations about the atrocities? jake: we have got access to a lot of information you all have. we also have information that the ukrainians have provided directly and we will also work with fact finders, independent fact finders as we go forward to get to a level of documentation that allows us to help build very strong dossiers of evidence for war crimes prosecutions and that is what we intend to do. on the question of the genocide determination, we will continue on a daily basis to have consultations with ukrainians, to reach determinations and if sam point we roof the judgment that there in fact has been a level of atrocity, a level of killing, a level of intentional activity that rises to meet our definition of genocide we'll call it for what it is. we have never his kateed to call out the russians for what they have done in ukraine and we will not start now. reporter: on france, they suggested t

laura: major u.s.s have dropped the mask mandate after the cdc says the requirement is no longer in effect. that is after a federal judge in florida shut down the mandate. this -- put in place back in february 2021. white house calls the decision disappointing and continues to recommend the use of masks. ukraine says the battle for the donbass region and the country has begun. president zelenskyy talks about russian troops starting an offensive following along period of separation. moscow has not announced them start of a major assault, it is already been shown the area. in sending large numbers of troops there. >> russian troops begin the battle for the dumb, which they have been purse -- preparing for a long time. no matter how many russian troops are driven there, we will fight. laura: global news 24 hours a day, on-air and at bloomberg quicktake, powered by more than 2700 journalists and analysts in more than 120 countries. this is bloomberg. dani: thanks so much. now let's get to the tech story, a

the u.s. is insulated to a certain degree but also, going back to what we saw in 2019 with the trade conflict between the u.s. and china, this ultimately did end up having an impact on the u.s. economy so we cannot forget about what is happening outside the u.s. i think a combination of what is happening with inflation here at home as well as what is going on in asia and europe will factor in to ultimately where the fed comes up -- comes out on the debate. jonathan: at the moment they don't have to choose. they might have to choose between supporting growth and expecting prolonged inflation above target for may be long. of time. do you think they will have to face that in the back half of this year? bob: it is definitely possible, jonathan, and i think that's the direction of travel. almost definitionally, they need to put that on the table. they need to get the funds rate up and they need to have sufficient tightening of financial conditions domestically such that we can test the durability o

in denmark, the u.s.me around so fast, it through a crewman out of his cockpit and he broke his leg. >>ly say he continued to finish the race and then got off, went to hospital and got his leg cast. >> are you serious? >> that's the attitude that's on the team. >> reporter: that's all to say, you better not bring your chardonnay aboard. getting on the water with the u.s. team is like joining any cool club, there's a bit of hazing. that is how they teach you what to do if you fall off the boat and get trapped under it. boy, sit effective. >> you [ bleep ]! >> reporter: i took one of the six coveted spots on the crew, which make me feel more like a tird wheel on a date. >> let's scare the [ bleep ] out of them! >> reporter: the athleticism of the sailors around me, running and grinding, sometimes against 3-gs of force or more, is as humbling as it was remarkable. it even sounds like a fighter jet they go so fast. which has a lot of old salts wondering if this is really sailing at all. >> it's totally sailin

does not count, in the u.s. size -- does that count, in the u.s.s an attack on a nato member? >> i'm not sure there's a clear answer. in part. , because we haven't really sn that sort of example in the past, that would require a conversation. about activating article five. nato has determined that a cyber attack on a member of the alliance would trigger that self-defense and mutual defense treaty, but when you talk about cascading attacks, it's not quite clear. i do know that the u.s. allies and nato, in particular, are very acutely focused on the problem. they are sending constant messages to russia. they think one of the additional questions could be, if there was a russian cyberattack, what would the response from the americans and allies look like. laura: what do youhink? >> we have a different set of values and try to operate more in a rules-based world than the russians do, so i wouldn't expect to see a russian -- i did -- see a destructive attack on civilian infrastructure. we continue to see the message that it's not the russian people that

is the u.s.eeds or is it meeting the need? >> jim, thank you for having me. there's a saying in the military that more is better, but it's actually more is not enough. you cannot have enough to distribute across the battlefield because you have pockets of requirements that vary based on the geography of the battle ffield. what ukrainians need is a whole lot more and a whole lot faster. we're doing a brilliant job. nato and america in particular. we do need to continue to ratchet this up and we're getting better, faster over time. so they need more aircraft. ukrainians, their pilots have done a stunning job of denying not just air supremacy, but superiority to the russian air force. so we've got a great group of ukrainian pilots. we need to get them aircraft. long range fires, counter battery radar, we need to deny the russian strength of artillery and that whole erases artillery from the battlefield is a requirement. president zelenskyy needs mobile defense. go ahead. >> sorry to interrupt. there

we appreciate it. >>> ahead, a u.s.man targeted by three russians as part of their disinformation and propaganda campaign. how successful was the scheme? >>> russian forces say they struck a military facility in kyiv hours after their flagship in the black sea sunk. this is cnn special live coverarage. (vo) verizon is going ultra! and now, you can too with the offer you just can't miss. for a limited time, get a 5g phone on us! (mom) delightful. (vo) with no trade-in required. (dad) i love it. (vo) what's not to love! verizon is going ultraso you can get more. it's my 3:10, no-exit-in-sight, migraine medicine. it's ubrelvy. for anytime, anywhere, migraine strikes. without worrying if it's too late or where i am. one dose can quickly stop my migraine in its tracks within 2 hours. unlike older medicines, ubrelvy is a pill that directly blocks cgrp protein, believed to be a cause of migraine. do not take with strong cyp3a4 inhibitors. most common side effects were nausea and tiredness. ask about ubrelvy and learn how abbvi

here in the u.s. we have debates all the time about free speech what can and cannot be regulated in cyberspace given our first amendment rights. our european friends had very strong views on privacy and have implemented that in a whole host of different ways that will eat into this debate as well. it is difficult. but if you can take it up a few levels, my friend sue gordon said if you disagreed down here take it up a couple levels get to a place where you agree. that place where we agrees the norms and values. this is the place where it nato allies, like-minded democratic countries can sit down at the table and say we all agree that spies are going to spy it's the thing that's going to happen. but when you're engaged in operations that affect human life, that affect public safety, that is a different level of threat. that is where we need to be building the norms in the guidelines. >> i am so, so glad you brought the points about being strategic in the lack of bandwidth they are. we have to prioritiz

a u.s. official said they're not there yet, but it's very clear this atrocity is closer than they've ever been. >> russia is making about a billion dollars a day from oil and gas, so obviously that's a huge source of revenue to continue the war. matt, you're in hungary. you spent time with refugees still in ukraine. why was it important for them to stay there despite having to flee their homes? >> reporter: yeah, anderson, we drove about 3 1/2 hours from here in budapest to the hungarian, ukrainian border. we crossed over, went a few kilometer into the country and went to a number of different shelters. basically you have ukrainians fleeing from all kinds of different parts of the country going as far west in the country as you can get, getting safe, getting out of the fighting. western ukraine not nearly as affected as other parts and yet not taking the step to cross over into hungary. earlier in the war we definitely saw that quite a bit, people coming from other parts and immediately cros

a way to get revenge at the u.s.eld in russia trevor reed on tuesday had a court appearance by video, his appeal kicked back to a low are court. his parents worried he may have tuberculosis. >> looks terrible in that shot on the tweet, and really concerned because he really looks thin. >> reporter: u.s. officials openly concerned about reed's health. >> we believe he needs urgent treatment to prevent further deterioration in his medical condition. >> reporter: reed sentenced to nine years for allegedly endangering the lives of russian police office while drunk, which his family and u.s. officials deny. on tuesday reed's father made a bold statement about his son's situation. >> taking him for trade what they want. he's not coming home unless they get that. >> reporter: court brittney griner, trevor reed or the other american detained in russia be traded? >> extremely rare. in the current political situation especially difficult to arrange something like that. not impossible extremely difficult under current condition

the u.s. says russia isn't making much headway in its renewed offense i in the east with a senior official calling moscow's progress, quote, slow and uneven. with no end in site, the secretary-general says ukraine needs to be supported for as long as it takes. >> we need to be prepared for the long term. it's very unpredictable and fragile situation in ukraine, but there is absolutely the possibility that this war will drag on and last for months and years. >> reporter: jim has more now on where things stand. >> reporter: president biden standing firm. >> aggression will not win. threats will not win. we are prepared for whatever they do. >> reporter: as putin warns of retaliation should other nations interfere with the conflict in ukraine and cuts off russian natural gas supplies to neighboring countries. >> we will not let russia intimidate or blackmail out of these situations. >> biden said the russian conflict was becoming a proxy war between -- >> abject failure. no one should be making i

u.s. futures at the open, we had the turnaround in the new york session. big technology earnings rallied the technology companies. we have alphabet, amazon, we even had chinese companies moving to end up higher. it was quite an exciting roller coaster ride of a session in new york. 10-year note -- 10 year yield holding. oil prices ended around $98 a barrel. a key question is what happens to the chinese economy, not to mention the ongoing lockdown and the fed tightening not helping with a strong dollar. the key story seems to be with tesla and the buyout of twitter. one of the largest in history when it comes to lbo's. twitter gaining ground, when you take a look at the broader context of what was happening this year, tesla moving above 7%, look at what big technology earnings have been doing, they have not been performing that great. big car giant mike ford -- like ford. paul: trading after the long weekend, monday was a public holiday, stocks are off 1%. we are a couple hours away from th

this, after the u.s. allowed counselors to leave shanghai and urged americans to reconsider traveling to the country. shanghai reported a record of almost 2500 infections saturday, and the city has been in lockdown for more than a week. pakistani lawmakers are set to vote for their next prime minister after imran khan was ousted. his four-year run ended sunday when united opposition gather the votes necessary to remove him from office. the opposition leader is the front runner to become pakistan's next prime minister. the imf will hold topsail sri lanka about a possible laon == friday, the central bank raised interest rates to cool soaring inflation. sri lanka's president has been struggling to form an interim government after his cabinet resigned. the fed -- she cites supply chain disruptions, partially due to covid restrictions in china. mester however says the u.s. will review -- will avoid a recession and fed policies -- inflation will not become embedded in the economy. they will ensure that. global

the u.s. congress has voted overwhelmingly to strip russia of its trade status. ending imports of russia's gas, oil and coal. the u.s. -- bu has also agreed to ban coal imports from russia. march the first move from europe targeting the energy industry. how -- >> the sanctions from the u.s. are bit symbolic. they are codifying things that president biden had already ordered through executive orders. it is significant that you had 100 senators vote for this. unanimity in the u.s. congress is a rare thing. almost all members of the house voted for it as well, there were three republicans who voted no. otherwise there was consensus. that does send a strong message. significantly, there are now 25% of the world's countries, accounting for 50% of global gdp have now terminated trade relations with russia. since the start of this war. when it comes to energy, the real focus is on what the europeans are doing. we heard yesterday that europe is going to be banning the import of coal from russia, taking

we're told more u.s.but is it getting to ukraine fast enough. >> about a week ago i would have said no. as of now, with the numbers and the speed of which we're delivering the systems, the artillery, the ammunition, the vehicles, i mean, secretary austin, don't forget, is also one of our best generals. he knows what's needed. russia is going to be defeated. i honestly believe that as well. of course, there's a price the ukrainians have paid up to this point. they're continuing to pay every day. but this amount of fire power, and these tools and the training, it's coming in at really unbelievable speeds. so i'm really confident that ukraine is going to defeat russia. russia has already lost, actually. >> what do you mean russia has already lost? >> from every measure, from the strategic down to the tactical, russia has shown the world that they're not this big super power, that they can't do basic military tasks. so when the old wall picture, russia has lost. he's lost generations of generals. it takes dec

keeping people in their jobs than the u.s. the u.s. physical access briefly and wage inflation because we did have this mess of having millions of people become unemployed suddenly and having them look for jobs. in the u.k., the u.k. is in between. it did not make the labor market mistakes that the u.s. did but it has wage inflation. francine: that is staff shortages. it is an offhand comment but the former pepsico chief said she could not get room service because the staff did not have enough staff. adam: it is in the data. you can take the ons data and you have shrinkage in the population and in the foreign burn workforce. -- foreign-born workforce. compounding it on food, even before ukraine, there were brexit affects. if you are not like the u.s. and messing up but you are in wages, it is clearly a labor supply issue. tom: how many more do they need to hike to tackle inflation? is that the prescription? adam: i fear they may have to have a recession or the u.k. will have to accept a recession to get it down. this is the problem whe

if there are more targets to u.s. oil sites in saudi? tim: the u.s.rovided strong assurances to saudi arabia and the uae, and indeed other gulf countries who could be targeted from yemen. i think those are very important assurances. they have been backed up by appropriate defensive military sales. i think this should serve as a strong deterrent for further attacks from yemen. the main thing though is that this is an opportunity to turn the corner. on opportunity for yemen to turn the corner to a brighter said -- set of possibilities. that's what this pivotal moment is all about. manus: if we broaden the conversation, we've just seen the united states release a million barrels a day from the spr. many would say that is because of a lack of unity with the saudi, lack of unity with the uae, how unreliable, unresponsive and undependable are the saudi's and i'm iraqis now -- and the emiratis now as oil allies? tim: my foxhole is yemen, and i am looking particularly at how that relationship dives with the saudi's and indeed with the e-minis with regards to

u.s. addition -- latest edition of cinches on russia at prudence daughters. u.s. futures needed and the early asian session after the s&p 500 fell in new york. we had that consumer discretionary section leading declines. the nasdaq 100 falling more than 2%. we have treasury yields larry liang -- treasury yields rallying again. suffice it to say we did see the yield curve steepening a little bit given that the fed minutes from the latest meeting was a tad less hawkish than feared. we are seeing wti rebounding but still below that $100 level qamar given that we have heard from the iea that they will be contributing an additional 60 million barrels to that huge stockpile the biden administration is releasing from its reserves. haidi: the market seems to continuously question this idea of whether these unusual types of reserve releases are going to change the structural nature of that supply and demand dynamic. look at the set up for asian session today, it does look like we are going into a d