we are left westminster for reactions first on bloomberg. ♪ anna: good morning. bloomberg markets: asia europe. i am anna edwards live in london. mark cudmore

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this is real yield on bloomberg. ♪ katie: this is bloomberg real yield. for the auction block where we kick things off in europe. issuance coming to a standstill on thursday after a record january. sales nearing 300 million euros for the year. in the u.s., high-grade bond sales totaling $18 billion and seeing monster demand with most issuers pricing through their guidance range. the u.s. junk on market pricing its first deal of the month on thursday. unigroup selling $2.6 billion of well-received debt following the busiest month in a year. sticking with credit, jp morgan's bob michele saying is not the time for high yield yet. take a listen. />> we have stayed away from high-yield because our analysis shows us that the peak in high-yield credit spreads always comes during a recession. it could be fast, just like the pecan treasury yields in october happened quickly. but, that is when it happens so we think high-yield is a latter half of 2023 trait. katie: still with us, marilyn watson, krishna and cliff. marilyn, it is a quality world. i hear that week af

on, risk off? typically in the backorder. rates? what is not happening this morning is there is no haven sentiment in the dollar from the geopolitical angst. the bloombergity index simmers down 1% this morning. goldman's rocking it out with a big bullish call on iron ore. they say there is a lot of patience in the market for commodities but they don't question their conviction, they remain fully bullish on commodities through the year. copper, i felt we would throw that in, a system -- soupcent of green. friday marks one year since the beginning of the war between russia and ukraine. 12 months later, we take stock of some of the human impact and also the effect on the food and energy prices, inflation, and long-term consequences for the european economy. tom: russia invaded ukraine in the predawn hours offender 24th, 2022. this after president vladimir putin spent months willing up troops along the border. the unprovoked attack sparked the biggest flow of refugees since world war ii. over 8 million ukrainians have fled the war. tens of thousands have died or been wounded amid unspeakable brutality. but the impact extends far beyond the human tragedy. th

full analysis will come up here on bloomberg television. in the u.k., the prime minister has reshuffled his cabinet, after a rocky first 100 days in office. he's creating a new department focused on energy, security and another to deal with science, innovation and technology. his conservative government trails the opposition labour party by 20 points and opinion polls as voters grapple with services and cost-of-living crisis. global news 24 hours a day on air and on bloomberg quicktake, powered by more than 2700 journalists and analysts in more than 120 countries around the world. i'm su keenan, this is bloomberg. haidi: jeffries global tells us where they are seeing growth opportunities in robotics and ai as a china's population declines. coming up later this hour. we get an update on the donnie crisis. limited risk from banks exposure from the embattled group. this is bloomberg. ♪ when you automate sales tax with avalara, you don't have to worry about things like changing tax rates, exemption certificates or filing returns. avalarahhh ahhh

is preparing to ramp up the pressure on russia, as the one-year mark of the invasion of ukraine approaches. bloomberg has learned the biden administration plans to impose a 200% tariff on russian-made aluminum that would effectively and u.s. imports from russia. that could be imposed this week. president biden will test is 2024 campaign message on tuesday when he delivers his state of the union address. although biden has not officially announced his reelection campaign, he began the year using a sharper tone against republicans in a series of campaign style events. his address of congress is to tout his achievements and contrast himself with his opponents. 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'm john hyland. this is bloomberg. ♪ >> welcome to bloomberg markets. kriti: let's dive right in. we have a sell of on our hands in the equity market and bond market. take a look at this read on the screen. you are seeing some pressure down about 0.6%. the bond market to me is the bigger move. all eyes on chairm

it's the first time on bloomberg tv, thank you for joining me. stephen: i'm no guy johnson but i will do my best. alix: you can be guy, he is only super tall. it's an interesting day to have you, the yields are bit higher, it all comes down to the central banks. whether you are in the ecb or the fed. stephen: the ecb giving us an idea of the hawkish signals coming. telling us there is still a lot further to go when it comes to rate hikes and getting inflation under control and signaling that there are people on the council that want to go higher. alix: our question of the day is kim dollar, again? god, thank you so much. the idea was the weaker dollar. are we back to this? kriti: i think we pared back, i will start with the bull case. evan brown put it beautifully. we may be in a phase of many inflation. you might not see inflation go lower at the rate we hoped. a factor in higher commodity prices and the trade is easy. the rare cases what's happening over the atlantic. as things stand, if you are looking at the 25 basis point height, the ecb is

you can listen on bloomberg radio.com ahead. g. ♪ inside, outside, big or small, angi helps you find the right so for whatever you need done. with angi, you can connect with and see ratings and reviews. just search or scroll to see upf on hundreds of projects. and when you book and pay throug you're covered by our happiness it's easy to make your home an a check out angi.com today. angi... and done. haidi: shares of us trillion gold miter knew chris surging after seeing the takeover offer from newmont. our analyst is air with his take. this is the second go from newmont. is this when more realistic? >> they've just announced this one coming in 0.38 per share. we think it's a lot more realistic. this is a premium of 22% to the closing price. e don't think the sector is that overvalued from the perspective of recent history, so we think it will be a lot more likely new crests board will consider the offer. shery: what are we talking about broadly in terms of merger activity given the strength of the aussie dollar and global reserve

this will put higher upward pressure on the demand side. >> that was the executive director of iea speaking to bloombergdemand for oil and gas which we will dig into a lot more detail. we have breaking his on the tech sector. this adds to the list of injuries. >> that is right, the latest job cuts about 6650 jobs at the pc maker. that is about 5% of their total workforce. this is according to a company spokesperson. it follows with just weakness on the consumer side driving some of these job cuts. this is the latest out of the workforce. dell had the largest decline over that time last year. we will track that story. just remember cisco and ibm. they are up 649%. we will track that story because that will hit at tech when it opens all the way around. keep your eye on the hardware and software companies as well. the energy mr. has reiterated the kingdom will remain cautious. several prominent analysts are raising their demand outlook that could cause prices to test $100. let's get to paul wallace. his royal highness over the weekend. good afternoon, good morning. i will believe it when i see it and then

that is all the next on bloomberg.is bloomberg. ♪ ed: binance is verily suspended deposits and withdrawals using u.s. bank accounts. it will start on wednesday according to spokesperson. no reason was given for the suspension. the spokesperson says they will work to restart the service for u.s. dollars soon. sticking with crypto, microstrategy chairman and cofounder michael saylor says bitcoin will outperform other asset classes. earlier, we spoke with him about his business. >> our strategy is to acquire and hold that coin through cash flows. it is about a $4 billion investment on our part. my role is to overseas our capital market activity, are bitcoin strategy. my number two runs the software business. >> let's talk about accumulated more bitcoin. for look at the end of 2022, microstrategy had about $44 million in cash. when it comes to getting your hands on more bitcoin, is that towards debt issuance? >> we have issued junk bonds. we have done convertible bonds. two of them. we have issued equity. we have a $500 mi

this is real yield on bloomberg. ♪ katie: this is bloomberg real yield.ime for the auction block where there was a rush of sales ahead of pce with eli lilly, ups and kellogg's raising $14 billion yesterday. volume for the wii comes in around $22 billion, short of what they were asking. in your come a rare debt deal from astrazeneca which was the sole bond pricing there. it's the first deal for the company into years and a possible sign of the higher rate effect on credit, american car center had to pull his sale back on sub prime. we spoke to alliancebernstein about the equity bond correlation breakdown. >> high yield is a risk asset. we are in this good news is bad news environment and bad news is good news and for that, we will keep seeing a positive correlation between rates which we don't usually see. i think it's important that we pay attention when that changes because that is a signal that things are turning back to normal. katie: our guests join us now. to that point, we can definitely say that equities have been on the back foot over the past few

global news, 24 hours a day, on air, and on bloomberg quicktake.owered by more than 2700 journalists and analysts in more than 120 countries. i'm simone foxman, and this is bloomberg. manus: simone, thank you very much. if you are a diabetic, other than testing yourself with a puncture every couple of hours, would you where an apple watch? which has silicon photonics that help monitor your glucose level. the project is called ee five, and has been running 12 years at apple. this could revolutionize the maintenance for diabetics. what we've got is an ability by apple to track glucose in your blood via the watch. and it's all to do with silicon photonics. it was 12 years in the making, and could certainly cement apple as a powerhouse within health care. one in 10 americans have diabetes. of course, you have patches you can use. but this could be one of those revolutionary moments in health care. now, in terms of whether you need to recalibrate from the language of the fed. the federal reserve has said rates are insufficient -- the market is insuffici

this is real yield on bloomberg. ♪ katie: this is bloomberg real yield. week ahead is coming up and u.s. markets close on monday for president's day and then we have pmi data out of the u.s., europe, japan, u.k., germany and france on deck for tuesday. fomc minutes come your way thursday may get u.s. gdp another round of jobless on thursday followed by fed speak from president bostic and daily and more fed speak with jefferson,mester, collins and waller on friday. my guests are still with me. it's time now for the rapidfire round, three questions, three quick answers. do we see another 50 basis point hike from the bed in 2023? >> no. >> no. >> no. katie: next question, does the terminal rate get to 5.5%? >> likely. >> no. >> likely. final question, does junk or investment grade outperform this year? >> investment grade. >> investment grade. >> i'm going to go with junk area katie: we really appreciate it, my thanks to my guests. a great discussion in the s&p 500 fell .9% to end of the week. from new york, that does it from us, this was bloomberg real yield

retail sales echoing the same message, rising the most in two years earlier on bloomberg. issman pulled cold -- poor cold water on the numbers. >> the consumer is not in a happy mood. there was a lot of spending in october in the u.s. by the consumer afraid of inflation taking away his ability to properly gather the gifts they needed for christmas. afraid of hotel rooms being fully booked and airlines being fully booked. they did a lot of spending ahead of what they would normally do causing a big jump in consumption. is that a reflection of a positive mood? not necessarily. inflation has a way of making people fear the future. jon: mike mckee -- kriti: mike mckee joins us now. strong words on the consumer staples front. are the numbers of one-off? mike: a sign that there are perhaps seasonal changes in the pattern of the spending with weakness in the first quarter in the past, everyone spent their first money in november and december but this year they didn't, they moved it to january. is that going to continue? hard to tell. we saw a retail sales after a 1% decline in the

on his way to brussels. joining us for more in the latest is bloomberg's react today oh on the ground there -- maria tadeo onund there. there is secrecy for obvious reasons but what can we expect out of today's meeting echo ash today's meeting? >> there has been secrecy about whether or not he would make this trip. there was an open invitation for almost a year but the concern was personal security of the ukrainian president. when the war broke out he was the first one to say i am quote the number one target for the russian federation and then next comes my wife. overall, when you put in balance for the ukrainian authorities, the risk is worth taking because they want to infuse momentum in this campaign. yesterday, he was in paris with the french president and german chancellor olaf scholz. we are expecting zelenskiy to arrive anytime now. he is on the plane with macron. he will make a speech behind me. the european parliament is where we are where he will address european lawmakers. beyond the lawmakers, the functionality of a speech like this today is that everyone, everyone, every major media, newspaper,

bloomberg. today marks one year since russia's invasion of ukraine, and its failed attempts to capture kyiv. esident zelenskyy tweeted that his country will see victory this year. joining us from kyiv is bloomberg's oliver crook, good morning. a year into the invasion, what is the situation on the ground? what is the atmosphere? >> the atmosphere in kyiv is defiant. a year into this, a year ago, this entire nation was awoken by the explosion, and aircraft flying overhead. then we saw images of the military column rolling across the border into ukraine, shocking everybody. it was a shock to see those images but a shock to see war in europe. you see this massive convoy heading to your crane. and a shock for many that kyiv is still standing today. you take the train from warsaw into kyiv as we have just done. you cross from bucha, that is the last thing you do before you enter kyiv. you realize how close the russian military was to the seat of government in ukraine, but a year later, zelenskyy is still president, still fighting. the cost has been immense, hundreds of thousands wounded and killed

global news, 24 hours a day, on air, and on bloomberg quicktake. powered by more than 2700 journalists and analysts in more than 120 countries. francine: now coming up, u.s.-china tensions balloon as washington shoots down the alleged chinese spy balloon off the south carolina coast. we have the latest next. this is bloomberg. ♪ francine: welcome back to the open. 13 minutes into the european trading day. seeing pressure across the board. stocks are retreating, on an unexpectedly strong u.s. jobs number friday raising the prospect of more rate hikes from the federal reserve, so markets are readjusting. washington has launched a mission to salvage a surveillance balloon from china after shooting get down off the south carolina coast over the weekend. beijing has warned the u.s. to not escalate tuition -- the situation. >> any country that has its airspace violated would respond similarly. i can only imagine what the reaction would be in china if they were on the other end. francine: for more, we're joined by our senior asia editor, bill, this is not

cfos of ing, and dws join us, plus, the ceos of shall, do not miss those interviews right here on bloomberg tv. let's check in with the data. a major day in terms of what we heard from fed chair. the ripples across these markets risk on. that mood continues even after the fed chair forecast another potentially two interest-rate hikes, stepping down from 50 basis points to 25. it was a forceful pushback. what sounded like a more optimistic fed chair in terms of the battle against inflation markets across asia are going to 0.6%. uterus in europe by 0.7%. -- yields in europe. you saw double digit moves in those yields yesterday on the back of that commentary from jay powell. risk on bonds being bid, money flowing in, equities gaining. that's now move to the details. a massive day for central banks. rick tv on valerie tytel is on hand. none other than daybreak anchor, is cap -- taking a brief break. slowing the pace of tightening, raising u.s. rates by 25 basis points. central bank acknowledge progress on inflation but warned of a couple more hikes on the cards. pushback to markets. he was aske

you can pick up all the research on the bloomberg. we will have details on asml as the u.s. to help in preventing china's chipmakers abilities from advancing. ♪ manus: let's get your trading day set up for you. american economic data is the focus. we have a up fed speak to deal with. 1:45 p.m., the cleveland fed president speaks, u.s. fed president james bullard will hit the tape, he is in jackson, tennessee. across the pond to europe, 3:00 p.m. this afternoon. the other major story we've got is from asml. sources tell bloomberg data stolen was from systems that were used to store technical information about its chipmaking machinery. the dutch company is blaming a former china based employee. let's get to our asian and politics reporter, rebecca, thank you for joining me. what has been stolen, and how concerning is it? rebecca: as you say, this is information on software systems essentially stored information about the technology that as cml uses, specifically it is linked to a repository for technology linked to lithography, which is essentially crucial to making these very

bloomberg's economy editor paul jackson in tokyo. more ahead on daybreak asia. oomberg. ♪ when you automate sales tax with avalara, you don't have to worry about things like changing tax rates or filing returns. avalarahhh ahhh ♪ haidi: yum brands operates more than 50,000 restaurants across 150 countries including the likes of kfc, taco bell, pizza head outlets globally. let's bring in haslinda on it who is standing by with a special guest in singapore. haslinda: well, that makes yum! brands the largest operator in the world including some of your favorites. let's get to ceo david. he is ceo at yum! brands to talk about his global business outlook as well as the company strategy. good morning and welcome to my city. just wondering, inflation front and center. we saw cpi rose one half percent. elevated at 6.4%. how are you looking at inflation, do you expect cpi to rise? david: good morning. great to be on with you and here in singapore with our friends and partners, celebrating the success we've had and planning for more growth in the future. you are right, we h

more investors on zuckerberg's efficiency. this is bloomberg♪ the first time you connected your website and your store was also the first time you realized... we can do anything. cheesecake cookies? [together] the chookie! manage all your sales from one place with a partner that always puts you first. godaddy. tools and support for every small business first. >> silicon valley has obviously failed to produce technology that is useful and useful for the world makes it a better place. we were the first reasonably large company to leave. now i'm happy to come back and say, on occasion, our position is the position to be surrounded again by people who disagree with me. guy: that was alex karp, he had an interesting conversation with ed ludlow. it is nearly 24 minutes past seven on the west coast. the sun is rising in san francisco. it is time for the start up on the tech stories in the bay area and beyond. i suspect everyone is talking about one story although they have many later to come. the market reaction that we are getting with meta-, oh my l

global news, 24 hours a day, on air and on bloomberg quicktake, powered by more than 2700 journalistsin over 120 countries. global news, 24 hours a day, on air and on bloomberg quicktake, powered by more than 2700 journalists and analysts in over 120 countries. alix: that was pretty good. i think you should do the 11. that was a much better read than i do. maybe you can vote in at the 11? goldman sachs holding its investor day today. the stock reaction is not what goldman isn't going to want to see. where they think that's about to you that the street may not be liking? somali: a couple of minutes ago i ran into analyst and asked what they would be asking management, they still do not know. i think part of the questions here, the top line numbers, the targets they set out in 2020 have not changed. management has given confidence that the idea they can meet the targets. it comes down to efficiency. costs. they are telling me today they can cut another billion dollars in cost. orders that come from? marketing expenses. is that enough to move the needle for goldman sachs? they have expec

live coverage continues on bloomberg.g at banks right now. right now things are great. the fed i think is doing a pretty good job of communicating what their plans are. if i was them, i would pause and see what they have gotten done so far. jonathan: always great to hear from ed hyman, not predicting, but calling for one. he says that everyone calls it the deutsche bank center, matt does. not sure i believe him. good to see you, matt. up half of 4%, let's call it three basis points on the 10 year. tom: let's get right to it, we are thrilled to bring you from our studios in new york on radio and television worldwide, matthew from deutsche bank. thank you for joining us in studio. you've got this data coming out as well. you nailed it. not only the vector of the gdp recession and not the er recession but this idea of a slow down and nailed where everybody got wrong the immediacy of the recession. you said no. do you stick with that, now? when is the win around any kind of slowdown you see? matt: the recent data gives you co

stocks as this chart on the bloomberg shows.u are not expecting inflation to come down anytime soon, yield rising, perhaps not a lot of tailwind and stocks exposed to that. how much lower could the s&p 500 go? hebe: as we discussed, inflation is definitely not adding any better and the picture that we have earlier this year, if we agree the picture is not getting any better, there's no reason we can't see making a correction accordingly. the second from a technical point of view, we have noticed it has breached through this marginal trendline and the second one is it is coming to the final hurdle. once they are breaking down, it is very likely for the coming days, that will mean the s&p coming back to the 3800 level. shery: are we going to see the safe haven moves toward a japanese yen especially now we are thinking where we are -- where will the be oj go from here with a new governor? hebe: the -- i can't see any reason why that bank of japan shouldn't increase their rate. on the paper, it doesn't look as high as the u.s., aust

both headline and core cpi month on month are the ones to watch. bloombergnomics thanks these prints could come in hot driven by three reasons, the increase in energy prices, slowing momentum of goods disinflation, and robust gains in services inflation. cpi days last year were one of the most volatile we had. in september, the s&p was up 5% after the soft print, so buckle in for surprises. powell has attracted our attention over and over again to the core services ex-hous ing.bloomberg has done some tickers so you can pull it up when it prints today. the white line in the box is the month on month print. you can see how it has accelerated slightly. pull this chart up on the print comes, and see where the month on month goes to. core services ex housing makes up 56% of the core print. this is the one i will have my eyes on today. tom: valerie tytel breaking it down bit of philippe, thank you. . joining us is omair sharif, of inflation insights, topline, what are you expecting today? omair: we're not too far from the consensus reading of .4 on the core, and .

ramp-up sanctions on russia over its invasion of ukraine. bloomberg'sver crook has the story. ♪ christian: for years, russian refineries have been the eu's biggest supplier. no longer. new penalties plus curbs on crude could cost the tremblant $280 million a day. on top of that, russia significantly cutting x -- gas exports to europe. this would otherwise help vladimir putin fund his war in ukraine. market watchers are concerned about price volatility. who will step into plug the gap and will there be enough? help could come from the middle east especially from countries bordering the mediterranean. the u.s. has stepped up shipments. china could be boosting supplies as well. for now, the markets are calm and buyers in asia could step in. the real test will come once the latest restrictions kick in. ♪ dani: oliver crook reporting ahead of those changes coming this weekend. let's take a quick look on your market as we head to the half-hour mark. it continues to be the bond market rally that's the biggest mover this morning. it was a really remarkable movi

tom: the three of us really look forward to seeing you there on the all hydrocarbon week for bloombergm: it is. you know, you can't get a drink at oil week in london unless it has an umbrella in it? jonathon: it's like copper week or whatever it is called. can i get to this quote for morgan stanley this morning? they cut their forecast for crude for four q and 2024, about $95 per barrel from $110. the new estimates reflect stronger demand, but also higher russian supply. there might be some people in this commodity market who would turn around and say, russian supply, wise that affecting the market? what is that all about? amrita: we have also raised our russia supply number because they are able to place more barrels than expected. part of doing a forecast in an extremely uncertain world, that's absolutely fine. however, i go back to chinese demand growing by one million barrels per day. we do not have one million barrels of spr hitting the market. even if we assume russian production is flat year on year, i.e. we don't lose any, but let's assume that, it is still a much tighter marke

this is real yield on bloomberg. ♪ katie: i am katie greifeld, this is bloomberg real yield. or the final spread, the week ahead coming up. fed speak continues with bowman on monday, followed by barkin, logan, harker and williams on tuesday. then, the u.s. inflation print also on tuesday. then, a read from the u.k. on wednesday. finally, u.s. ppi thursday. plus, more fed speak throughout the week. still with us, george bory, zach griffith and eric nelson. it is time for the rapid fire round, we are talking three questions, three quick answers. zach, i want to start with you. which is more likely, that cpi surprises to the upside or the downside on tuesday? >> downside. katie: george. >> downside. katie: eric. >> upside. katie: zach, does the two stents curve invert or on invert in 2023? >> yes. katie: george. >> no. katie: eric. >> yes. katie: u.s. jumped spreads are currently around 400 basis points. zach, do we get to 300 or 501st? >> 300. katie: george. >> 300. katie: eric. >> 500. katie: all right, guys. appreciate it. great job as we count down to that ucs -- uscp i print

on your terminals. it is also available in the bloomberg anywhere app. you only get the news on the industries and assets that matter to you. this is bloomberg. ♪ haidi: a quick check of the latest business flash headlines. an australian biotech giant says its profit fell due to currency fluctuations. however, the company said it saw strong growth in immunoglobulin sales and plasma collection. it saw a strong performance also when it comes to its flu vaccine unit. it expects strong growth in plasma collections to continue this year. this company is set to make an offer for english premier league football club manchester united. qatar's sovereign wealth fund is helping the consortium with preparations for a bid. shares of fidelity national information services tumbled after it hooked on almost 17 point $6 billion -- after it booked an almost $17 billion write-down. the fintech company says it will pursue a tax-free spinoff of that unit next year. it also released guidance on revenue and profit that fell short of analyst estimates. plenty more to come here

global news, 24 hours a day, on air, and on bloomberg quicktake.ered by more than 2700 journalists and analysts in more than 120 countries. i'm simone foxman, and this is bloomberg. manus: thank you very much. abn amro has reported profit for the fourth quarter that beat analyst estimates. the dutch bank has amassed a -- announced a 500 million euros share buyback program. let's see how the market takes it. got the cfo lars kramer on the phone. half a billion euro share buyback program, is this a start? can we expect a much more significant series of buybacks to come? good morning. jim: is this the start? the good thing, it is the second one already for us. so, we are basically following through on what we are trying to do which is create a predictable path in terms of returning capital to our shareholders. is this the start of more to come? ultimately, we are continually in discussions with regulators and constantly assessing where we are in terms of market conditions. we are operating in quite a tough macroeconomic condition, we've got the war in

on in europe. this is bloomberg markets: european close with guy johnson and alix steel. guy: let's look at the markets. stoxx 600 up 2/10 of 1%. there is some green on the screen after difficult days for equities. london is a laggard. some of the big drug companies acting as a break for the u.k.. apparently the u.k. under keir starmer would become the fastest growing economy in the g7. german 10 year, the bonds have gotten big despite inflation data out of the euro zone. germany a big factor in those numbers. the core factor goes higher. we come to some of the big corporate stories. john wood is another one. that stock up by over 30%. apollo has asked three times for a takeover of this business. that news sending that stock sharply higher. sonali: not seeing moves of that magnitude -- kaylee: by and large the s&p attempting to snap a four-day losing streak higher by a quarter of 1%. beneath the surface there are some big moves including nvidia. talking about a 14% game on the day -- gain on the day. the stock was worth more than 200 billion dollars more than it was at the

global news 24 hours a day on air and on bloomberg quicktake, powered by more than 2700 journalists andlysts in more than 120 countries. haidi: breaking news when it comes to new crest, the australian minor, newmont offered 0.38 shares per one new crest share in a takeover bid, they are considering the proposal. the offer for that is also nonbinding from newmont and we are getting details of the 0.38 shares her one new crest share in the takeover bid. we had heard earlier there was an approach by a company to buy the company. they've sought legal and financial advice and benefits to shareholders. we are hearing that these talks are underway. advisors have been called in for australia's biggest gold miners and it appears that newmont is the potential buyer, adding this gold miner to its global portfolio. this is $20 billion australian company that could be potentially folded into newmont. we are getting details as to what the offer was. new crest is considering the proposal. the decision to stick with the covid zero plan for most of 2022 has eroded china's standing in the asia-pacific. t

coming up next, a bloomberg scoop on how deutsche bank looked at credit suisse. is is bloomberg. ♪ bloomberg has learned that deutsche bank has looked at buying parts of credit suisse before last year. >> the source is also saying that if some of these assets that credit suisse has come up on the market that could change. sources are telling us the german bank was looking at specific credit suisse assets that might have been sold as early as last fall then in the fall in october credit suisse announced a dramatic restructuring. that was in the wake of losses and scandals. we are told that deutsche bank had done a serious analysis of individual business asset management and wealth management units. they say these are to areas within deutsche bank that deutsche bank is planning on growing. the plan also we are told inside deutsche bank was to move quickly if attractive parts of the bank credit suisse were to come on the market last year. if you will recall the revamp, credit suisse initially improved its business but it did stop short of further significant sales. >

scott sheffield always fantastic to speak to him, the pioneer ceo will be on bloomberg tomorrow. cause you and i had a conversation with him about a year ago prior to russia's invasion of ukraine in which we ask him will you pump more oil if conflict results in a shortage? he said no, we are committed to returning capital to our shareholders. on the subject of the ongoing war, that will be a topic of conversation on balance of power. they will also be talking about the wider inflation conversation and the federal reserve as we await this minutes coming in about two hours. guy: i'm going to be heading over to bloomberg radio the cable show at the top of the hour. live on dab digital radio. lots to talk about. strikes are front and center plus when will we get the brexit deal? we will talk about all of that next. this is bloomberg. ♪ the first time your sales reached 100k was also the first time you hit this note... ( screams in joy) save 20% with the lowest transaction fees and keep more of what you make. with a partner that always puts you first. godaddy. tools and support for eve

we continue the conversation on bloomberg radio at the top of the hour. and i will be taking you through that on the cable. on spotify and apple. alix: european commissioner is next. she tells us what it has to do with her job this is bloomberg. ♪ ♪ we all have a purpose in life - a “why.” maybe it's perfecting that special place that you want to keep in the family or passing down the family business or giving back to the places that inspire you. no matter your purpose, at pnc private bank, we will work with you every step of the way to help you achieve it. so let us focus on the how. just tell us - what's your why? >> this is bloomberg markets great at coming up, an exclusive interview with john waldron, president and coo, goldman sachs at noon in new york. this is bloomberg. ♪ alix: keeping up-to-date with the news from around the world. it is time now for the first word bring an inflation report today from france and spain to the upside greater both song arise in february. meanwhile spain's inflation hit .1%. that will increase pressure on the european

jonathan: taking place tomorrow evening on bloomberg. think about the timeline and the history of all of this. the president said he was briefed about the balloon on wednesday. we are being informed it is not the first time this has happened and it happened under the previous president. so blinken was still going to china only until it became public knowledge there was a surveillance balloon hanging over the united states for america. to think about the language used from the chinese government and washington, d.c., is this just for public consumption, theater? does it change the trajectory of policy when they knew these things were going on and they were still going to beijing? and the only reason they did not go is because we found out about it in the last couple of days. lisa: we will see on both sides. the u.s. and china, this is the main question over the weekend, how much is the theater of it going to dictate the contours for a relationship that potentially is fraught because xi jinping is trying to send a message to his people and

you can follow more of the day's trading action and our live blog on the bloomberg. t a market that -- market rundown and one click. expert editors you can find out exactly what is affecting your investments at any given point. let's get you caught up to date with headlines for at least three people have been killed as another pair of earthquakes shook turkiye's province near syria. the government says more than 200 people were injured as buildings collapsed. the area is still reeling from quakes this month that killed 41,000 people in turkiye and thousands more in syria. u.k. prime minister rishi sunak's lobbying conservative rebels to support a post-brexit trade deal on northern ireland. sources say he held one-on-one meetings to explain the outline of a prospective agreement with the european union. northern ireland is -- ability has been a thorny issue for britain's since they left the eu. bloomberg has learned that an indian billionaire has decided against bidding for estate -- stake in his electricity trader. they also earlier call off a plan to fire a coal plan

right here on bloomberg. ♪ the eagle has landed. that's one small step for man... hey, what's up?ston... we have a situation. how did you get here? you're characters in our video game! video game? yeah, it's what we do with xfinity 10g. it's like, you know, the best network imaginable. what the heck is that? those are the bad guys. are they friendly? the 10g network, only from xfinity. one giant leap for mankind. anna: good morning and welcome to bloomberg markets europe. i am 11 london. mark cudmore joins us in singapore.

and bloomberg reporting that blackstone's real estate trust that lisa was onir monthly reduction limit in january. lisa: what has been price in given that it is not a global market? tom: professor abby joseph cohen of columbia business school. the morning. this is bloomberg surveillance this morning and this afternoon --. lisa: i am lisa matteo. federal reserve policymakers went to him on the message that their work fighting inflation is not done and they are expected to raise interest rates by 24 basis points. the rome power is likely to keep for the rate hikes on the table while leaning against that's the fed will cut later this year. nikki haley plans to announce she is running for president. she would become the first republican to officially challenge her boss for the nomination. she was ambassador to the united nations under donald trump and the former president raised less than $10 million after he announced he is running and that is seen as a disappointing call. --hall --haul. the consumer financial protection bureau will formally propose a role to cap

on smaller companies. kriti: this is bloomberg markets. are listening to mark mobius on the deepening crisis over at gotham adani's empire. adani has scrapped the 2.4 billion dollars equity offering as their bonds fell to record lows. on top of that, they have $34 million of coupon humans do this week. let's bring in ed ludlow. this story is really accelerated and snowballed in the last week. what are the next steps when it comes to the investor point of view? ed: the scratched fpo is the big headline and that came late wednesday. those that had pledged to participate in the fpo had started to be repaid and you are right to go to the bond story. the dollar bonds was one of the instruments that they used initially. they are at the stress levels and they have this payment coming up and there is no suggestion there would not be able to meet those payments but in the last hour, a part of the plan from adani is to prepay some margin loans where the stock was held by thanks therefore the banks released that stock and is less concerned about going

we will have more on the story right here on bloomberg. ♪ manus: fashion and music have always been inextricablyd. louis vuitton is going after one of the top names in music to help them design. who is it? caroline, good morning. >> morning, manus. when you think pharrell williams , you think celebrity, the music hits, happy, get lucky with daft punk, you think less of the fashion side of pharrell williams. but he has actually already collaborated a lot with fashion. for example, in the early 2000's, he collaborated with a japanese designer. he created a brand called billionaire boys club. neko is now the creative director at lvmh. carol williams had fashion collaborations in the past with adidas and montclair. twice already, he participated in the creation of glasses and jewelry lines for louis vuitton. this choice is really the continuity of the former creative director, virgil, who tragically died about a year and a half ago. who as you may remember, was considered as one of the most influential, high-profile black figures in luxury fashion history. so, this choice of pharrell williams is rea

bloomberg's asia cybersecurity reporter. you can catch part onethe foundering podcast investigation into the early days of john mcafee. keep it here with us. this is bloomberg. ♪ the first time you connected your website and your store was also the first time you realized... we can do anything. cheesecake cookies? [together] the chookie! manage all your sales from one place with a partner that always puts you first. godaddy. tools and support for every small business first. when you automate sales tax with avalara, you don't have to worry about things like changing tax rates or filing returns. avalarahhh ahhh the eagle has landed. that's one small step for man... hey, what's up? uh... houston... we have a situation. how did you get here? you're characters in our video game! video game? yeah, it's what we do with xfinity 10g. it's like, you know, the best network imaginable. what the heck is that? those are the bad guys. are they friendly? the 10g network, only from xfinity. one giant leap for mankind.

bloomberg first word news. to u.k. and eu will unveil a post-brexit settlement on northern ireland. say the agreement will be announced after a meeting today between rishi sunak and the european commission president ursula von der leyen. a deal will fix trading arrangements governing northern ireland. bloomberg learned the u.s. held talks recently with three asian nations on the global semiconductor supply chain. a taiwanese officials as a video meeting of the so-called chip group discussed an early warning system to ensure a steady supply. we are told export controls were not on the agenda, and that no companies were involved in the meeting. a classified intelligence report by the u.s. energy department has reportedly identified a chinese lab leak as the most likely origin of covid-19. according to the wall street journal, the conclusion was reached due to new intelligence though the judgment was made with quote, "low confidence." the u.s. national security advisor says he could not confirm or deny the report. hong kong is reportedly scrapping its mask mandate as soon as early march

my will have the details on all of that. this is bloombergll technologies advisors can provide you with the tools and expertise you need to bring out the innovator in you. get help reaching your goals with j.p. morgan wealth plan, a new tool in the chase mobile® app. use it to set and track your goals, big and small... and see how changes you make today... could help put them within reach. from your first big move to retiring poolside and the other goals along the way wealth plan can help get you there. j.p. morgan wealth management. kailey: it is time for the bloomberg business flash. a look at the biggest stories right now. i'm angel. ericsson will layoff around 8500 people. this company employs about 100 5000 people. they said that they were slowing in some markets including north america. they laid out a plan to cut 860 $5 billion in cost by the end of this year. it is a setback from merrick covid pill to treat covid. the e.u. dolls back on the treatment and at -- adults. and they will appeal the decision. goldman sachs says the investiga

global news, 24 hours a day, on air, and on bloomberg quicktake. red by more than 2700 journalists and analysts in more than 120 countries. tom: coming up, the capgemini ceo joins us at the i.t. firm raises this event on the back of strong fourth-quarter earnings. this is bloomberg. ♪ tom: welcome back to the open. we are 30 minutes into the european trading day this tuesday. hsbc considers a special payout after pretax profit jumps 92% in the fourth quarter. the bank also cut its bonus pool, shares in london drop. >> what i'm freeze three years later is a radical change in profit generation biogeography. the middle east alone last year generated $1.8 billion pretax profits. our troubled market in europe three years ago produced an adjusted profit of $2 billion. tom: stocks and futures slide as investors weigh the prospects of higher rates for longer. president biden pledges more military support for ukraine during a surprise meeting with president zelenskyy in kyiv yesterday. biden meets the polish president today. let's check on these markets. ris

peter uses more than me, the major options screen on the bloomberg, i don't think that it works on yourso is a conduit into his world. jon: a lot of people compare it to watching the casino roulette wheel in real time. i'm going to get a lot of hate mail. some people might say that. that is how he described it. that is not my characterization. tom: i was in mcdonald's yesterday and a guy came up to me, thank you for watching, and he was talking about housing. and rents. i went back and looked at rent in manhattan. from the beginning of the pandemic, valentine's day 2020, rent has gone up 19% in new york city. up to 4100. what is critical is to do some form of income approximation. in the same time the income average, not fancy people watching bloomberg surveillance, is up 6.5%. that delta is the only conversation. 4.5%. jon: it is very expensive to live here. too expensive. tom: it is different dynamics in kansas city between rent movements and income movements. jon: not long ago the banks would come out and say we are sending part of the bank to wherever it might be. you're thinking yo

ed: an hour many bloomberg stories about disney earnings, look for the word succession. go ongrove for the burke aren't -- bloomberg earnings transcript. look for succession. you will not find it. a lot of emphasis on the iger effect. everyone has forgotten that succession part. that is what trian was pushing for and many in the investment world. is he staying? i don't know. alix: the bar is really high. coming up, we talk with the ceo of duke energy. this is bloomberg. ♪ it's official, america. xfinity mobile is the fastest mobile service. and gives you unmatched savings with the best price for two lines of unlimited. only $30 a line per month. that means you could save hundreds a year over t-mobile, at&t and verizon. the fastest mobile service and major savings? can't argue with the facts. no wonder xfinity mobile is one of the fastest growing mobile services, now with over 5 million customers and counting. get in on the savings and switch today. - [announcer] imagine having fuller, thicker, more voluminous hair instantly. all it takes is just one session at hairclub. introd

that interview is next, on bloomberg. ♪ dani: some breaking news coming through on santander for theirestor day. they are implementing a 921 million euros share buyback. they are having a final dividend of just under six euros, 5.95, after very strong earnings. we will speak with santander chairman ana botin at about 3:00 p.m. u.k. time. manus: let's stick with those themes on buybacks. erste bank beat the estimates, shares have rallied 15% since the end of the third quarter. the credit risk for eastern european markets for now seems to be not too bad. let's get to the cfo for erste bank. it is stefan doerfler. let's kick off with buybacks, santander are doing a monster one. you are doing 300 million this year, is that a conservative start to what buyback program? is that confident? stefan: good morning from vienna. we are talking about the utilization of our capital. it is always very important to stress that business growth comes first. then we have a constant commitment to our dividend policy. then as an icing on the cake, if there is room on our capital position, share buybacks are

that is next on bloomberg. ♪ what do you get from the morgan stanley client experience?tening more than talking, and a personalized plan ♪ to guide you through a changing world. ♪ >> laying off about 11% in europe. the latest sign of industrial disruption caused by the automotive sector shift. some 3800 jobs will be cut, most in germany and the u.k. the carmaker has reduced ranks in the region by 35% the last five years. coca-cola exceeded expectations as consumers continue to absorb higher prices for the company's sodas and energy drinks. organic revenue, which exclude the impact of currency shifts, increased 15% in the quarter. the supply of batteries to volkswagen and bmw could reap billions from the new president biden bill. northvolt warned about green tech incentives. if the swedish startup built a similar factory in north america, it would save $8 million in tax credits by the end of the decade. that is your latest business flash. alix: europe is not going to be happy. beautiful sunrise this morning and let's get to the start up will recover the top tech stories.

global news, 24 hours a day, on-air and on "bloomberg quicktake", powered by more than 2700 different journalists and analysts in over 120 countries. i am john heilemann to, this is uber. >> i'm jon erlichman. welcome to bloomberg markets. kriti: we kind of have a low volume but not a ton of conviction in either direction. with the s&p 500, hired by 0.4%. a waiting game for the fed minutes we are getting at 2:00 p.m. new york time. this is important because the bond market is pulling away from the 4% level that it was getting close to. lower by five basis points. in less than 30 minutes, all of this could change. get this could affect the dollar as well which is later -- is lately trying to affect his cue. the resurgence between yields and the dollar could really kickstart with the dollar will do in 2023. and we have the 74 handle on new york crude. >> we will see how the market reacts to the fed minutes. the jobs market is being so closely monitored. it is interesting to see zip recruiters getting crushed today, down by 25%. palo alto networks is getting a knight -- nice pop, up by a