joining us now is mathieu chabran from tikehau capital. us now from the capital market. -- capital market conference. what is the atmosphere right now with the potential escalation coming from russia? is there a fear that this could send -- where there has already been supply and energy crises? mathieu: good morning. thank you for joining us. the headline is already in an uncertain market. investors hate uncertainty. we have been navigating in a headwind market on many fronts. as always, the threat is creating many opportunities on the others. investors are discussing this. dani: what sort of opportunities are you looking at. mathieu: as we have been saying, but will be happening with central banks and the fed more recently, we see that banks are struggling. all of that is adding real pressure because it is no longer there. the bank market should be the topic for investors as a great opportunity. dani: we have seen this around, looking at big banks. you have to take a big concession on this. how is that on the outside to gain financing? ma

time for bloomberg's first word news with joe mathieu. joe: the new york governor said it is time to restore normal to our lives. the mask mandate has been lifted for public transit. she made the announcement shortly before getting her omicron targeted booster. it is now made available this week. the chinese city is extending a lockdown in most of its downtown areas to try to stem the spread of covid. it is the biggest city -- it reported 121 cases for tuesday, up from 90 on monday. a lockdown has been in place for a week. the head of nato says the war in ukraine is entering a critical phase. there could be a tough winter ahead for members of the military alliance that could include energy costs, disruptions and civil unrest. households and businesses will be tested. they face soaring energy prices and the rising cost of living caused by russia's invasion. global news 24 hours a day, on air and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in over 120 countries. i am joe mathieu. this is bloomberg. ♪ kriti:

i am joe mathieu. this is bloomberg. romaine: this is bloomberg markets: the close. little after 1:30 in new york. we are keeping an eye on what's going on with u.s. markets. rallying in the u.s. with the s&p 500 up on the date. it opened higher. barring major change here, it will probably close higher. the first time we have seen a wire to since august 25. oil getting a reprieve with brent crude around $92 a barrel. the british pound, 115.91. the japanese yen clawing its way back. right around 142.59. taylor: blink and you missed it. the front end is up, 1.3557. the highest since 2007. we are seeing a boost in yields on the front end of the yield curve in the u.s. this is the one-year. just a massive rate of change we have had off the depths of the lows earlier in january. caroline, we will go across assets. where we are in terms of valuations, this is part of the forward p/e ratio. we are finally around the 10-year average when we think of how stocks are being valued on another decent day of a big rally at 1.5% to 2% gain. caroline: we are looking at the direction

joining us is joe mathieu. the rail sector has avoided strikes because washington intervened.ing to get that lucky this time? joe: it is a good question. from the white house's perspective, they are personally involved and a have made that clear, including labor secretary marty walsh, but also pete buttigieg. karine jean-pierre has been pretty consistent in her messaging, urging parties to stay at the table, negotiating in good faith. but they also said a shutdown is "unacceptable," and that is coming from the most humanly union from the demonstration. congress could also get involved and that is maybe where you are pointing. there is a precedent. hoyer says there is precedent for congress. congress does have history. it has been a while but 1991 congress acted to shut down the national rail strike less than a day after it began. they want to let the parties work out their options and continue to negotiate. but if we get into friday, this could be a different looking story. jon: all of the players in the industry have to take measures to get ready for that. we will be receivin

. >> that was virginia governor glenn youngkin speak to our very own joe mathieu. $23 billion, that is develop meant of the nasa space system costed to watch the artemis one tomorrow. we will have a live on bloomberg television and radio. tune in as we talk about the financial angle, the history behind it, and the future of space travel. stick with us, bloomberg markets the close is next. this is bloomberg. ♪ >> i am mark crumpton, keeping up-to-date with news from around the world. russian energy corporation gazprom says they are key gas pipeline to europe will not open tomorrow as planned. because of a technical issue has been discovered. they say they will ba.4 halt of gas to your -- be a full halt of gas prices to europe. it had been shut down for maintenance, there had been a concern of stoppages in a full halt coming winter. >> it killed at least 18 people including a prominent

tom: we agree on something and we can move forward with joe mathieu.launched describing a folly known as the budget process in modern washington. it used to be there was an appropriations committee for fiscal year 2023. they have 12 or 21 bills. they have passed exactly zero. our budget system is broken. what has happened this week? joe: more kicking of the can. you're supposed to have the 12 appropriations bills. i can hear our friend rick davis screaming regular order as we have this conversation. this irks lawmakers that have been around. there are lawmakers that have never seen a budget in the traditional sense. lawmakers are coming back now and they need to craft a spending plan. the government runs out of money at the end of september. they will likely kick the can with a continuing resolution and bring us to mid-december. the question is what to they attached to that bill that is a big part of the conversation this morning? tom: i look at the process and it seems to be just worse training. is that all this is is the leaders doing legislation, no

i am joe mathieu. queen smith the second is under medical supervision in scotland after doctors raised concerns about her health. buckingham palace said doctors advised her to rest following a full day of events on tuesday when she formally asked liz truss to become prime minister. members of her family are rushing to her side. antony blinken has made an unannounced trip to ukraine, arriving today in kyiv, his third trip there. he stuck to the children's hospital and met with several patients -- stopped at a children's hospital and met with several patients seriously injured in strikes. steve bannon to date faces criminal charges that he defrauded contributors to a fund to build a wall on the u.s.-mexico border. prosecutors say he cheated donors caroline: it is official. queen elizabeth ii has died. she was born april 21, 1926 at -- we learned at 12:30 local time that she -- the doctors were concerned about her health. they were concerned she was going to remain under medical supervision in scotland. i

before that, joe mathieu was standing by. ♪ joe: the ukrainian counteroffensive is progressing in theorth. less so in the southern region. officials and russian military bloggers are

the russian military saved the life of the italian journalist mathieu sorbi, who was blown up by a mine in the kherson region, this was reported by the ministry of defense, while the italian covered the fighting from the apu in his own words, two unknown to him people in the form of the ukrainian army. they promised to escort him to the front line and by taxi, however, not far from the combat area. they unexpectedly got out of the car, and then showed sorbi’s mat where to go next, without saying that the road of the mined su as a result of the car exploded and the driver died, and the wounded journalist was pulled out of the burning car by the russian military in the ministry of defense suggests that this was a well-thought-out provocation, the ukrainian command assumed that in the death of a journalist it would be possible blame the russians. they arrived at the place where the explosion took place, began to evacuate the civilian, he was seriously injured and could not move, move to himself or promedol in order to anesthetize more reduce citizenship and begin his evacuation, being at t

the russian military saved the lives of the italian journalist mathieu sorbi, who was blown up by a mineson region, we also reported this to the ministry of defense, while the italian covered the fighting from the apu, according to his own words, two people unknown to him in the form of the ukrainian army. they promised to escort him to the front line and by taxi, however, not far from the combat area. they suddenly left cars, and then they showed matiasobia, where to go next, he didn’t say that the road was mined by the ssu, and as a result, the car exploded, the driver died, and the wounded journalist was pulled out of the burning car under fire by the russian military, and the ministry of defense suggests that this was a well-thought-out provocation by the ukrainian command assumed that russia could be blamed for the journalist's death and arrived at the scene. where did the explosion happen? uh, they began to evacuate a civilian, he was seriously injured and could not move in order to anesthetize more reduce while civilian and start it. being at the post, but having reached the place

we turn to our washington correspondent joe mathieu. what are you hearing about ratification?

cyclist mathieu van der poel has pleaded guilty to assaulting two teenage girls in sydney, australia,ounts of common assault and fined 1,500 australian dollars after a confrontation with the girls, aged 13 and 1a. his lawyer says he'll appeal against the conviction but has been allowed to leave australia after being handed back his passport. there we go, that is just about all the sport from us for now. there we go, that isjust about all the sport from us for now. update from the nations league games on the website. gavin, thank you. an executive from meta has defended in court images seen by 14—year—old molly russell before she took her own life in 2017. the inquest into her death heard that she interacted with more than 2,000 images about suicide and self—harm on instagram in the six months before her death. at today's inquest, elizabeth lagone from meta, who own instagram, said she believed the images were safe for children to see. 0ur correspondent angus crawford was at the coroners' court in north london. you may find some of his report upsetting. in court, and under oath, elizab

mathieu van der poel has pleaded guilty to assaulting teenage girls in sydney australia the night before of financial assets. it goes on to say in recent weeks the government has made a number of important announcements and it lists them including the energy price guarantee, saying that will reduce the near—term peak in inflation said last friday the government announced its growth plan on which the chancellor has provided further detail today. they then go on to say that the role of monetary policy is to ensure demand does not get ahead of supply in a way that leads to more inflation over the medium term. as the mpc has made a clear, it will make a full assessment in its next scheduled meeting goes on to say the mpc will not hesitate to change interest rates by as much as needed to return inflation to the 2% target. those are the key parts of the statement from the governor of the bank of england coming in the last few minutes. i should say the pound remains very weak against the dollar, around 1.06 as we speak, and what analysts are reading into the statement is the usual kind of first