blackstone, brookfield and others all deepening the property pain. we will speak to michael zerda, formerly of blackstone, later this hour. this is bloomberg. ♪ >> the fed right now should have the door wide open to a 50 basis point move in march. no need to be committed to that until we see the next employment figures. until one sees what happens in markets. but if markets are now saying 22%, that means the door isn't open to that possibility. and there is very significant chance that that's going to be the right thing to do. dani: former treasury secretary larry summers on his thoughts of what the fed could do. as investors scrutinize jay powell's testimony on capitol hill this week, eyes turned to asia. the national people's congress has set a modest target for growth, but that 5% stands has disappointed commodity bowls who were hoping for more ambitious support from the world's second-largest economy. joining us now is ella hoxha, senior investment manager in global bonds at pictet asset management. what do you make of the fact that xi's administ

we look at brookfield's not making payments. millions of dollars of loans, office towers, and read had to get a cash infusion. what are you feeling? >> i'm looking for positive and chase all of the positives. where we look is co-working where the offices are strong. landlords are hesitant to spend money for tenants to build out. if you go into a we work or industrial space, its rate to go, available tomorrow. there have been occupancy rates that are relatively strong, so that is a positive. europe versus the united states, i just finished the tour of london, parents -- paris. from what i saw, tel aviv. we just landed there. all of those market occupancies are very strong. so, there are green shoots there. for us internally, we are political investors, so to speak. for us, we believe right now, the world is in what i call a war economy. in a war economy, it plays by different rules. if you look at the history of wars, in the world, it was always the industrial side that benefits the war machine. even as crazy as it sounds, we say

i'm known as brookfield properties tells me this is a situation they are taking seriously that they will not tolerate, and it's a violation of the code of conduct saying to me that they're working with san francisco police officers to up their security presence. here is one video making rounds on twitter and instagram in it. you see teenagers surrounding others in the middle of a fight. several other videos show massive brawls from afar in the middle of the malls, courtyard and right in front of stores. one video shows a group fighting and what looks like a parking lot. another shows teens following a girl in a target, throwing water at her and eventually engaging her in a fight. san francisco district seven supervisor myrna melgar says the fights have been happening more often recently, especially on wednesdays. when some schools let out early. these fights, she says, have stones town security and sf police overwhelmed melgar shared those thoughts in a series of tweets, adding parents please be aware. monitor your kids social media and follow what they are doing. there is no substitute

ktvu reached out to the parent company brookfield property companies, saying they take the situationy will not tolerate it. they say the fights are a violation of their code of conduct, and they're working with san francisco police to increase security inside stones town monday there was a visible police presence with sfpd officers walking through the mall, young people inside the mall say, even if they haven't witnessed those fights themselves, they have seen the videos that he was pretty wild. i know a lot of things that target got trashed, but i don't know. just in general just seems pretty chaotic. from what? i've heard the supervisor for the district myrna melgar, posted to twitter that she reached out to police and the school district, saying the fights seem to coincide with san francisco unified school district early release days. the district says it can't comment on any incident involving any students, but also said any violence will not be tolerated. students at nearby lowell high school say the students are aware

they're known as brookfield properties. they tell me that this is a situation they are taking very seriously that they will not tolerate and they said it's a violation of their code of conduct of the malls, code and kodak. now we're chasing the video that we've seen posted on social media over the last couple of days. some a couple of weeks here. you get one. you can see teenagers surrounding others in the middle of a fight. several other videos show massive brawls from afar in the middle of the courtyard right in front of stores. one video shows a girl running behind an elderly man pushing him to the ground. we heard from san francisco district seven supervisor myrna melgaard, she says the fights have been happening more often recently, especially on wednesdays when some schools let out early. these fights, she says, have stones, town security and police overwhelmed nagar shared those thoughts in a series of tweets, adding parents please be aware. monitor your kids social media and follow what they're doing. there was no s

a brookfield led consortium has agreed after months of delays to a $12.4 billion deal to acquire originbhp is entering a joint venture with chinese dealmaker hbi us to test carbon capture technology. and asian energy shares may move after oil surged to the highest in two weeks on supply disruptions in turkey. haidi: we are getting m&a news -- a lack of m&a. rejecting a proposal -- this is the us trillion lithium minor saying they substantially undervalues the company, have rejected the proposal with an indicative proposal that came from the world's top lithium producer. they have been spending big when it comes to increasing capacity, most recently set to spend 1.3 billion dollars on a new u.s. processing facility, clearly looking for acquisition targets as well. that offer has been rejected. that's about it for daybreak australia. we are looking ahead to the start of trading in sydney as we look ahead to asian stocks looking like it's heading for a better day. sidney futures extending gains to about .6%. slightly higher expectations when it comes to benchmark's opening up in japan and

we spoke to the brookfield chief executive who also had a default in the states. quality ones will be slammed across the world. >> there are comparisons to be made. we are seeing that bifurcation broadly across markets where demand gets people back to the office. that is holding up demand. in the u.s., that is much more severe. there is much more supply of low-quality offices in the u.s., and return to office has been much slower in the u.s. that's not to say europe is without its problems, arguably, europe is potentially going to get hit harder because rates have been so low, for so long. one thing that is important in this case is probably, and it is hard to be totally sure, but in this case, these bonds are probably still in the money. we don't think the value of the properties has fallen so far that it is lower than the value of the outstanding debt. blackstone wanted time to sell this, so the time to sell the asset so it wasn't a forced sale so they can maximize the value so they can get some of their capital back as well. if you are a bondholder, you don't c

lyanne: we reached out to brookfield properties, but they never returned our call. it is obvious that security inside the mall has been bolstered with san francisco police monitoring the premises. san francisco unified will not confirm if any of their students were involved, citing privacy issues. it may be a byproduct of isolation during covid. >> it was a year that they should have been learning how to talk to each other, how to do conflict resolution, you know, and all of those things that they were not adults to support them other than their parents. lyanne: she has now called for a hearing asking that the mayor's office, the superintendent of schools, the district attorney, and chief of police present a plan to address the recent acts of violence that have surfaced at the mall and recently as some of the public schools. just recently, the san mateo county board of education filed a lawsuit in federal court against a number of social media companies, claiming that they are harming the mental health of children. president biden, in the state of the union address,

reporter: we reached out to brookfield's properties but they do not return our call. still it was obvious today that security inside the mall has been bolstered, with san francisco police monitoring the premises. san francisco unified would not confirm if their students were violence may be a byproduct of isolation during covid. >> there was a year that they should have been learning how to talk to each other and how to do conflict resolution or negotiate consent. because now they are teenagers. they have gone through puberty. all those things -- that were not live adults there to support them other than parents and some kids don't have that at home. reporter: she has called for hearing asking about the mayor's office, the superintendent of schools, the district attorney, and chief of police present a plan to address the recent acts of violence that have surfaced at the mall and recently at some of the public schools. just recently, the san mateo county board of education filed a lawsuit in federal court against a number of social media companies, claiming that they a

patrick's day weekend, green trees for the residents of the illinois brookfield zoo.l treat the celebration of the holiday. special menu including green eyes, gelatin and leafy greens. thousands stretching their legs by flocking to arizona's ostrich festival this weekend, four day offense and chandler will highlight the big birds and future variety of rides, games, circus, comedy jugglers, bmx, and entertaining by day, headliner sublime with rome. such a form tomorrow night and that is how fox reports this saturday march 18, i'm in for jon scott, thank you for watching. see you tomorrow. gutfeld next. ♪ >>> let's do it. okay. my head is going to explode. that's right. happy wednesday, everybody. you look fantastic, as do i. let's talk about stanford. some call it a college. it appears to be a little more than a day care center

worked well because i chose i had my two best friends in the whole world, a fellow named orrick and brookfield, a guy named brian buetow, who i have known each of them since july 1st, 1982, which tells you how old i am. that was my first day as a cadet at west point and. we spent our lives together. we ran business in wichita kansas together. we served in the army together. we were back in graduate school together. these are the folks who if susan and i had perished, would have taken care of our son. nick, this is close. they were and especially at sea. actually, that's not true. both places. they saved me a lot of nightmares. brian came in one day. brian became chief operating officer at the cia. right. he literally he called me. i was nominated on a friday morning. no one would have i mean, literally happened like lightning. i write about it in the book. i didn't get a chance to call anybody. my wife knew knew our son knew about it. and so brian calls me the announcement about 8:00 eastern, about 830. he me and says anything you want to tell me? oh yeah, i said, i'm sorry, brian. i didn't ge

ktvu reached out to the parent company brookfield property companies, saying they take the situation seriously and they will not tolerate it. they say the fights are a violation of their code of conduct, and they're working with san francisco police to increase security inside stones town monday there was a visible police presence with sfpd officers walking through the mall, young people inside the mall say, even if they haven't witnessed those fights themselves, they have seen the videos that he was pretty wild. i know a lot of things that target got trashed, but i don't know. just in general just seems pretty chaotic. from what? i've heard the supervisor for the district myrna melgar, posted to twitter that she reached out to police and the school district, saying the fights seem to coincide with san francisco unified school district early release days. the district says it can't comment on any incident involving any students, but also said any violence will not be tolerated. students at nearby lowell high school say the students are aware of the fights . i think it's high school s

that's really on the commercial side occurring two defaults, pimco, brookfield, defaulting on office buildings these things have already been in motion. this is what i mean we didn't see this coming a week ago, or 99% of people did not see this coming now it's the all clear, i don't think so to your point, tim you made earlier about the cost of capital moving higher. rest assured that banks now will be forced to have more capital and like it or not, the big banks are about to get bigger. as we're sitting here, it's probably happening right now that is not what the regulators wanted to see. to your point, it doesn't change anything what it did was basically moved the fed from a terminal rate or market expectations from almost had gotten as high as 6% here really to 5. and now attend of the year, i'm looking, see a meeting and fed fund futures are at 4. what we did is got the relief rally associated with the fed stopping, but the truth is the aftermath of this i think actually the economy, if you believe it's going to slow down, it just aksel rated that slowdown because banks have to r

ktvu reached out to the malls parent company brookfield property companies, saying they take the situation seriously and they will not tolerated. they say the fights are a violation of their code of conduct, and they're working with san francisco police to increase security inside stones town monday there was a visible police presence with the officers walking through the mall. young people inside the mall say, even if they haven't witnessed those fights themselves, they have seen the videos. he was pretty wild. i know a lot of things that target got trashed, but i don't know. just in general just seems pretty chaotic and whatever the supervisor for the district, myrna melgar, posted to twitter that she reached out to police and the school district, saying the fights seem. the district says it can't comment on any incident involving any students, but also said any violence will not be tolerated. students at nearby lowell high school say the students are aware of the fights. i think it's high school students. i don't know if it was lower kids, but there's people like getting jumped and stuf

ktvu reached out to the parent company brookfield property companies, saying they take the situationeriously and they will not tolerate it. they say the fights are a violation of their code of conduct, and they're working with san francisco police to increase security inside stones town monday there was a visible police presence with sfpd officers walking through the mall, young people inside the mall say, even if they haven't witnessed those fights themselves, they have seen the videos. it was pretty wild. i know a lot of things that target got trashed, but i don't know. just in general just seems pretty chaotic. from what? i've heard the supervisor for the district myrna melgar, posted to twitter that she reached out to police and the school district, saying the fights seem to coincide with san francisco unified school district early release days. the district says it can't comment on any incident involving any students, but also said any violence will not be tolerated. students at nearby lowell high school say the students are aware of the fights. i think it's high school students

owner of stones town galleria brookfield properties.ntative there tells me that these incidents that they have been seeing it's something that is against their code of conduct something they are very much taken seriously, and i cut former communication that they are keeping in touch with sfpd in order to up security here for the time being, i will show you some of that video that we've seen posted on instagram and one video, you see dozens of teenagers rushing through stores circling others. in the middle of a fight. san francisco district seven supervisors myrna melgaard says the fights have been happening more often more recently, especially on wednesdays when some schools let out early. these fights, she says, have stones, town security and sf police overwhelmed melgaard shared those thoughts in a series of tweets and adding quote parents. please be aware. monitored your kids social media and follow what they're doing. there is no substitute for that . we will continue to work with stones. town management sfpd, the sf department of c

withxd people in#d■ industry about it w3exdçórecent of course we'veqñ all seenÑbig companmh&ike brookfieldstory going forward i and just keep paying them,xd i(r >> that'se1 interesting. because we have had people recently kind of saying that there needs to be a big bailout for this xdtoo. i don't even know what that would look like,kowiçó when con doesn't want to bail out Ãthem, i don't know what hope any of these commerci)4"real estate guyst( have of getting -- >> Ñiyeah, and he callsÑi it ex and Ñipretend,xdÑi which is an and Ñipretend,xdÑi which is an intere+t9u going forward. diana, thank you. >>> coming xdup, news of first citizens bank buying ar citizens bank buying ar chunk of silicon vall@pp'k, eg you'll always remember buying your first car. and buying your starter home. or whatever this is. but the things that last a lifetime like happiness, love and confidence... you can't buy those. but you can invest in them. we believe that your investments should work harder for the future you imagine. and that's where our strategic investing approach can help. t. rowe price. invest with con

backen on t one, real estate is interesting, a lot of people think it has come down so significantly brookfieldan connected to two of their trophy offices they had in downtown l.a and from people i talked to, that raises the big concern, once you see companies actually walking away from loans, that's going to create even additional pressure on commercial real estate in some downtown areas. >> yeah, that's right, becky first of all, there is a big distinction between publicly traded reits and private real estate and i do agree with you that that adjustment process is still ongoing in private real estate there is a few things i would say, from a macro standpoint, we need to see the cap rates move higher for some of the reasons you mentioned, because we're still going through the correction process and that will adjust downwards the prices of real estate. the second thing that we have to grapple with is the net operating income growth for commercial real estate is clearly slowing. it was running at 8% last year, this year probably at 4% so you put those two things together, higher cap rates, and t

we've not yet heard from the mall or its parent company, brookfield properties about these flights, buto reopen as usual this morning. a little later today at 11 o'clock. we're live this morning in san francisco. i'm james torres. ktvu fox two news. thank you. james, happening today at the u. s. postal service will hold a news conference to raise awareness about recent robberies of mail carriers. officials were asked for help in ensuring the safety of employees in certain oakland emeryville neighborhoods . a postal carrier was punched in the case was mail truck was stolen last month near 41st street and telegraph avenue in oakland, not far from the macarthur bart station. this postal worker was previously robbed on the job on the same route. robbing a mail carrier is a federal crime punishable up to 25 years in prison. many people across the bay area are getting ready for the next storm expected this week. the national weather service says. this system will bring plenty of rain , especially in santa clara county, but the big concern is the strong winds which could cause more damage and

we're joined now by izzy ross from surfers against sewage, along with gareth brookfield from the cheshire it? i you are surfing? or do you stay well clear of it? , you are surfing? or do you stay well clear of it?— clear of it? i surf almost every day i can. clear of it? i surf almost every day i can- itout — clear of it? i surf almost every day i can- itout it _ clear of it? i surf almost every day ican- itout it is _ clear of it? i surf almost every day i can. but it is pretty _ clear of it? i surf almost every day i can. but it is pretty disgusting i i can. but it is pretty disgusting when you go in the water sometimes. 0n when you go in the water sometimes. on wednesday i went for a surf and it looked clean but there was a downpour while i was in there and half an hour later you saw green grey bubbles and a weird smell. it is really unpleasant when you see thatis is really unpleasant when you see that is probably sewage. 5h]!!! is really unpleasant when you see that is probably sewage. stuff that has come through _ that is probably sewage. stuff that has come through the _ that is pro