wednesday we get the tpi that measures consumer inflation. busy week for economic data ahead. >>> that's the show. next week i'll be in sin city. we'll have some surprises for you from las vegas. each week keep it right here where wall street meets main street. have a great week, everybody. i'll see you again next weekend.

the deflationary funk, since 2011. a 2.3% number in terms of tpisignal we have made the shift to inflation. oil prices are rising as our metal prices. anchor: positive prices coming early. tom: the higher prices, good news for china's factories. offsetting some of the higher wages. wee of the higher costs talked about as well. factories putting up their the environment of stronger demand. it means of course of their earnings will go up which means they can pay down some of that corporate debt. what it means in terms of broader chinese inflation, they expect chinese inflation to hit around 6% in the third quarter of 317. broader picture of the inflation of the global economy at a time when donald fiscals expected to up and infrastructure spending. we could see a broad pickup in inflation. good news for the likes of the ecb and mario draghi. good news for the boj. not so good for the consumer. in terms of where the pb oc stands, analysts could expect them to tighten at a moderate rate. numbers expected in a little under one hour in beijing. yvonne: j

wednesday we get the tpi that measures consumer inflation. busy week for economic data ahead. >>> that's the show. next week i'll be in sin city. we'll have some surprises for you from las vegas. each week keep it right here where wall street meets main street. have a great week, everybody. i'll see you again next weekend. >>> coastal crisis. new environmental concerns this morning in the gulf as bp starts siphoning spilled oil out of the water. >>> then, the volatile volcano in iceland causes more problems for travelers. the airports idle due to dangerous ash. >>> and, virginia's last-minute victory on the lacrosse field. a tribute to a murdered teammate. >> i have the chills right now thinking about it. >> it's monday, may 17th. >> from abc news, this is "world news now." >> we're just talking about celebrities that we saw. you never know in new york or l.a. who you're going to see. i don't know why we ran that rant. i saw t.i. >> who you thought was? >> t.p. confused about that. >> i saw montel williams. >> wow. i wonder if they saw us and

with the fate of green energy companies like tpi on the line. >> i will continue to support the rfc and do that as your next united states senator. >> if i could respond. i'm not sure that is what senator said when they went to secret meetings. she said she was philosophically opposed to the renewable fuel standard and in a perfect world it wouldn't exist. my support has been clear and strong. >> it is no secret i support bruce to be to you are next u.s. senator. he is the right guy to put the jobs back in the mid-west. iowians know what is needed in washington. someone who cares about main street businesses and jobs on the factory floor. >> so the wind production tax credit is about jobs, something republicans are against. it's a fact. we're a changing economy and in the middle of the country we're going from petroleum to wind and solar and the jobs are right there where president obama talked about it before he was president. we can change this economy, there are tremendous opportunities out there for america with a great workforce when it comes to a changing economy based on climate

that inflation rates, the tpi, that key rate, to remain at or around 4% for a while. high inflation for a considerable time. that is the problem. they thought they might see inflation started to use, -- to ease. now they see 4% inflation. they are acknowledging that it is an issue into the government has the same problem. the new president coming in in may, the new finance minister, they all know that they have to fight inflation. the problem is they want to spend money. that is where they might get tough. but for now, the bank of korea for today is good for a while. it is clear, tighten rates, fight inflation. david: kathleen hays in new york and husband almond and singapore. just a final note in singapore, that big move. you're sending the currency up, not just against the dollar, up against pretty much everything will currency in the world right now. bloomberg really visualizes this move for you. there you go. that's not it. i promise we will take this for you. let's get to your first word headlines with vonnie quinn. vonnie: the u.s. is sending ukraine $800 million

that gives me the tpi on thursday, ppi on friday. ed will probably cut into september, maybe money rotates there, i think it is a cheap way to play it. i've been sticking with the megacap trade and put your toes in the water to get rotation. if you buy wm calls and xpi calls for the biotechs for the next few weeks you can get some alpha there. because i don't think we'll be getting that much alpha in the qs. this trade is very much overbought. i think next two to four weeks being bumpy for the s&p and tech. liz: i would think, i would think so. volatility barely up today is still below 13 and that just makes people a little nervous. we wonder where is the lightning bolt going to come from? do you see any kind of correction, scott, coming? >> at this point, you know, it is like everyone thought we would cut four to five times. now it is one or two. that didn't cause a correction. you have geopolitical situations all across the globe and that didn't cause a correction. once there is no more situations that can cause a correction, then m

we've yet to test the effectiveness of the tpi. as they do more hikes and get more widening. turally you would expect bonds are rising and we are seeing a strong reaction from the two-year bond. guy: what is the euro doing in this scenario? we have a trait shock at the moment for the energy is priced in dollars. it is germane when we think about the inflation risk and growth risk will be this year. what do you think it will look like? skylar: so a really big portion of what happened to the euro is what happens to the dollar. so put simply the u.s. has had two major growth advantages this year. limited exposure to russia ukraine and elevated energy prices being limited exposure as well. one or both of those affect every other developed market. notably for europe it's russia ukraine. i think going forward for a dollar downside you not only need a slow tightening but an impetus elsewhere. you've got to the middle of that dollar somehow through china and we are definitely seeing more positive signs in terms of getting more positive on covid, on property, we are getting negative su

think the tpi cap is they are, they have been spending the last five years trying to reduce the pay butt they have been the deal, they are buying the business from icap and said they will keep going and may be cut a further. -- isis the voice still the business still compelling well? you have compliance, is it still a compelling part of the business for these types of companies? they are not many left. will: it is the tp icap tradition. definitely compelling for them. pool --age worker average broker pulled in 27,000 pounds. there is money still to be made there. vonnie: does this mean big layoffs in london? : not big layoffs but some overtime. -- theses at tp ica bosses at tp icap get used to the new desks they bought and they work out who they want to keep, get rid of, who is making profit and who is coasting. vonnie: is there a lot of overlap? are the two businesses similar or are they disparate that they can be joined and synergies will not create much havoc? will: the businesses are very the deal is about happiness many brokers under one roof as possible, and you actually have the

difficult -- much more difficult task and also the ecb announced this transmission protection instrument the tpi. so they're going to be buying bonds at the same time they're trying to raise rates. >> i don't get it. do you get this? >> so what it is, they have a much more difficult problem than they have in the u.s in the u.s. the fed had to worry about buying california bonds and new york bonds people got really worried about california having very low credit rating. so the california of europe is italy. mario draghi, the former central bank governor of the ecb just resigned as the prime minister the spreads between the german bund, the safe rate, and the italian bonds have been going up very significantly and so what they have created this new instrument to try to prevent the spreads from getting too wide that means they're going to be buying bonds. >> they're doing it as they're tightening it's a little odd. >> what they would argue is they're just going to be moving things around to try to bring some of the spreads down in practice, there's a tension between the two and i think they're in a

. >> it's interesting before the tpi, we had producer priels index come out today that was higher than expected it looks like we were getting a little bit of an inflationary push here. you had yielded start to rise relative to where they've been that fuelled the banks but that also says maybe we're seeing some economic activity. then you get this kind of readjusting of your portfolio where negative real rates, maybe they're not going to be as negative as we originally thought. i still think i'm not a buyer of the banks. they can go higher that's fine. they're going to go higher without bk riding on them primarily i'm concerned that we don't get a stimulus package before the election. >>> losing their luster, gold and silver plunging today. we'll dive into what's behind this drop. later, getting lit our week long cannabis series looks at legalization and the companies that stand to benefit most hike! simon pagenaud takes the lead at the indy 500! coming to the green flag, racing at daytona. they're off... in the kentucky derby. rory mcllroy is a two time champion at east lake. he scores

hey, the tpi except for hurricane nicole, the storm that won't quit, heading into the shipping lanes of the north atlantic and may impact weather heading up into greenland or iceland. for us, it's milder, warmer, and warmer, and then we do face the chance for some scattered showers or maybe some much needed rainfall by the end of this work week. doug and antoinette, to you. antoinette: all right, a.j., thank you. it is 5:46. a check of the stories we're tracking right now. a restaurant in los angeles. three people were killed. 12 others hurt in that shooting early yesterday. at least two of the survivors are said to be in grave condition. the restaurant was operating out of a converted home. it is still unclear if it was properly licensed. no word on a motive. antoinette: a new space mission out of china. tomorrow the country will send two astronauts to an orbiting space lab in an effort to set up a permanently manned space station by mission leaders say the astronauts will stay there for about a month to conduct experiments. the u.s. has highlighted increasing capabilities of the sp

carl: pdi have a lot more volatile than the tpi. tend to be dominated by services. gather the pdi into the cpi, it doesn't jessica biel and downside risk -- it seem to be a downside risk. 2.2, headlines, we're looking at .1. we think this conflation crosscut will go on a little bit longer. scarlet: how much of a drug is that on cpi? carl: energy prices and on the terms are in positive territory, that is actually adding to inflation. however, it will only month on month change, it looks that energy prices are falling more than what they usually do, at least gasoline prices are falling more than they usually do in the month of . the margin energy will be a mild drag on the month-to-month change. fed saying we have to wait for the weaker readings to drop out of the year on year. , this is a month thing. you just expected to be by the end of the year. at what point do we see if the into the numbers? carl: the jets effect is not showing up. -- jobs effect is not showing up. we certainly have not seen it yet. thatu watch core cpi good, is where the dollar will have the tra

organizations are trying to change that the simon family and the players impact, based in napa, have created the tpie. it's a mission to empower professional athletes and prepare them for long term financial sustainability. joining us now is tracy deforge, the founder of players impact and kit gilbert from the simon family estate, who's going to lead us on a wine tasting kind of a side benefit. so these players and the people who are attending get taste wine. it might draw them. there, but the important message is what can i do? what can i impart to these players that will keep them from getting into financial trouble? >> and it's all about empowering them to learn, earn and invest properly, making sure that they have the education and the tools to do just that. and as you see the trend of athletes become more and more of their own businesses, a lot of what they do is, is enjoy their own wine, spirits and brands. and so we're going to expose them to different wineries tonight, led by the simon family estates, as ways to think about how are you investing, what asset classes are you investing in and m

the biggest issue with tpi is not of a technical nature. it is political. it is definitely not something that would protect government's against their own mistakes. that is the issue. if you could come up with a situation where the market is punishing a state for things which it has not even done or announced, then tpi is fully there. if they are doing stuff that is triggering a rational reaction by the market, gpi is probably not the right instrument. so far, the news we have from italy is the new government, we don't have one yet, they want to be prudent. if they don't make a big announcement that would make the ecb nervous, they could benefit from tpi. there is a relationship with the market that can build with that. lisa: i can hear your voice in my head. it is very loud right now. he is saying ok, they will talk about political risk and the peripheries, what about the fact germany is the biggest risk to the entire european economy? what's the answer? how is this situation different, both the political considerations and from distinguishing from the euro

the company. many may not recognize what tpi cap is, but it has quite a history. some characters behind it. to 2016, you had rivals in london. one headed by michael spencer, who wanted to sell the voice part of that to its rival, which made the company tpi cap. next group was what was left. you will remove read the beginning of the year, cme in chicago announced that they would be purchasing that company. so important company for the financial sector. mark: joe, thank you. vonnie: we want to get to capitol hill, where kevin cirilli is with senator johnson of south dakota. is brett kavanaugh going to be able to get confirmed? >> i think you will, but we have a process to go through and we want to make sure we do that in a deliberate way said that he gets a chance to make his case, have his record examined, to meet with senators and ultimately have a hearing where he will answer the hard questions, a debate on the floor and also a vote. my guess is, based on what i know, that he will get confirmed. kevin: what you want to ask him? >> with every nominee, i am interested in their judicial philos

the year. japan will be a different story as they wait to see if it moves from deflation to inflation, continuing. kathleen hays joins us in studio. >> let's start with japan, we have japan's tpi month of march. showed survey manufacturers are getting more upbeat on output prices. ppi is seen march rising 3.4%, year over year. let's look at this simple chart. it has the headline ppi and cpi. this gives us a nice view of the trend. look how much producer and wholesale prices have come back. up to that 1% level, expected to rise to 1.4%. bloomberg intelligence sees 1.2%, but still, making headway. the governor spoke to the japanese parliament 24 hours ago, saying he sees inflation continue to rise in a virtuous circles of rise -- rising prices and wages. giving a very optimistic view. also yesterday in tokyo, and inflation-linked bond sale was the most massive since 2013. presumably in part that core cpi will be expected to rise. also because the bank of japan will be buying more of these. kind of a supply and demand question. china's cpi and ppi are the big ones. ramy: they are doubting the reflation trade. it came as a jolt, right? is actually job openings and labor turnover,

. >>> when we come back on the broadcast, tpies caught on camera, tearing through your things.they were told to. [ robin ] my name is robin. and i was a pack-a-day smoker for 25 years. i do remember sitting down with my boys, and i'm like, "oh, promise mommy you'll never ever pick up a cigarette." i had to quit. ♪ my doctor gave me a prescription for chantix, a medication i could take and still smoke, while it built up in my system. [ male announcer ] chantix is a non-nicotine pill proven to help people quit smoking. it reduces the urge to smoke. some people had changes in behavior, thinking or mood, hostility, agitation, depressed mood and suicidal thoughts or actions while taking or after stopping chantix. if you notice any of these symptoms or behaviors, stop taking chantix and call your doctor right away. tell your doctor about any history of depression or other mental health problems, which could get worse while taking chantix. if you develop serious allergic or skin reactions, stop taking chantix and see your doctor right away as some of these can be life-threatening. don

the reflation trade, they would have pointed to china. this very constructive view on china. they would have told me to look at chinese tpi's. ok at the trajectory. things are starting not to roll over dramatically, but flatten out. for our viewers and listeners, looking at the reflation trade, give me the view on china. jim: china had a great first quarter, but china's overall objective is stability in the economy. they have the ability because they have their hands in so many in the economy to toggle credit growth. they had a good first quarter, now they are scaling back credit growth of it. they are very focused on stability, and they have done a great job. you can see that to the currency action. jonathan: can you have that reflation trade, that steeper curve story still on without a buoyant china? >> absolutely you can. part of it is thinking what will the fed do with the balance sheet. let's face it, when the fed starts reducing the size of its balance sheet, the treasury will have to make up for that lost funding. they will have to increase issuance. coupon sizes are going up, and that in and of itself could cause prem

jonathan: can the bond vigilantes in europe make a comeback or will tpi stop that from happening? >> i think the ecb is going to give the best try to avoid -- and support italy, for example. i think they have come back and it is a big challenge. jonathan: your world of bond vigilantes. how many years ago was that? tom: it was a long time ago when there was not a bear market like this. that was a walk in the park compared to where we are now. jonathan: in many ways, the week begins tomorrow, not today when we get earnings from her soft and alphabet. lisa went through all of the economic data we get through this week as well. tom: we are trying to make monday eventful as well. i think with out question, the conversation this morning was stephen englander. how many people disagreed in the game? the answer is seven out of 10? jonathan: it looks pretty divided down the middle. others looked at it and said i see evidence of this being stickier. lisa: this is the toughest market i can imagine. the factoring into the supply-side constraints, it is many different areas of the supply-side ma

if you look at the tpi, it's been 3.5%. it's one of the least appreciated areas of inflation.for the average household. brendan: every fed has its own indicator. top headlines. vonnie: police released surveillance video showing a man suspected of killing nine people in that attack on a south carolina church. it's a white man in his early 20's he walked into a church in downtown charleston and started shooting. six women and three men were killed. it's a historically black church and police are calling this a hate crime. >> a white male, younger white male. between 21 and 25 years of age. approximately 5'9" in height. he has on a distinctive sweatshirt that has markings. the vehicle you will see has a very distinctive front license plate. vonnie: the fbi is joining the investigation. all the victims are black. among them, the pastor. european finance ministers once again trying to solve the greek debt crisis. if they are in luxembourg discussing a possible bailout. greece may not be able to pay its bills if rescue funds are not released. there's speculation greece might seek he

apples and solved the problem because a couple guys lost their job rather than looking at the bigger i can tpirks of power, webs of people who engaged in the protection and support of this behavior, covering it up. >> looking the other way. >> and supporting the people that engaged in it, promoting them, giving them more money, making them the powerful centers of their businesses and media networks and that whole picture and the ways in which women are sidelined, often self-exiled or exiled by others from these industries and of course, we're still only looking at these very elite industries right now. we need to move the focus away from some of the top places and looking at places where there are lower wages and worse working conditions where abuses are worse but names aren't necessarily famous. >> kudos to the recent times about discrimination at fort. >> and the "huffington post" talking about flight attendents and hotel workers. >> the lens open is really crucial. we have to remember this is a massive big picture exposure. >> it's about inequality in the workplace. the me too hash tatag wa

the tpi report is due. if you have a bloomberg terminal, be sure to check out tv .ch us online, check out our charts and graphics, interact with us directly. tell us your thoughts on bitcoin and gold. this is bloomberg. ♪ alix: and just about a half-hour, we will get a slew of economic data. we are obviously keeping a close eye on the inflation data. the chicago fed president spoke about inflation in a speech yesterday, saying low expectations for keeping inflation down may not be temporary. he said the impression that 2% is a ceiling, our communication should be much clearer about our willingness to deliver on a symmetric inflation outcome, much different -- a greater chance of inflation at 2.5% in the future than what has been communicated in the past. michael mckee, are you back here again? michael: it has been argued for years that it is not a target. the role of has been in recent months about whether inflation targeting, whether you're deliberately trying to get above 2% for a while will make up for all the time united below 2%. f administration -- the current

geoffrey: i think europe -- they have the tpi's to manage any spread widening. e last few weeks or so. i think qt will take place in europe when the market is ready for that. on rate hikes, that is where europe is one step behind the rest of g10, i think that is protected in euro-dollar. with the latest inflation prints, i think they need to accelerate. jonathan: i am not going to explain with the prawn sandwich brigade is. thank you. geoff is a united manchester fan. back in the days, the manager of manchester united football club, the atmosphere at the stadium was dreadful. he referred to those fans as the prawn sandwich brigade. the wealthier crew unpacked their prawn sandwiches and didn't make too much noise. he wanted more noise, more support in the stadium, a bigger atmosphere. tom: we have the same thing here. i am critical of the new york yankees. when they play a fabulous team, all the empty seats from the prawn sandwich club. i give steinway credit for this, a down fancy to sit in the same chair. jonathan: empty corporate seats drives me nuts. the u.s.

inflation number which is much lower, which makes no sense the social security number is adjusted by the tpisn't want to include it so they can show a much lower inflation rate you and i, brian, we live bit consumer index it's going stay high on the interest rate, i would go with what rick said a couple minutes ago. when you go to the next two or three rate increases through september, you're still finding out that after another 150 basis point increase to september, we are still below the neutral grade of interest. that's when the market will take flight i don't have the comfort that nila has it's not a politically acceptable scenario. >> so what's the outcome, sri? >> the outcome is a lot more pressure on equities maybe delayed. to the extent they don't want to have it, becky before the november elections postpone it to 2023. and this is going to be a long, drawn-out saga so don't take comfort from today's jobs numbers this is nowhere like a goldilocks if you look a year ahead, it is going to be much worse >> i would have to jump in here on the fed outlook >> go ahead, nila. >> if the unem

i am confident that if we harness the ingenuity of companies like tpi composites, tap the talents of workers, innovators and entrepreneurs, gain the lead in clean energy worldwide, then we'll forge a future where a better life is possible in our country over the long run. that's a future we're now closer to building because of the steps that we're taking today. thank you very much, everybody. >> so the president there addressing the issue of jobs using the recovery act to build robust clean energy infrastructure, give americans opportunities to work, reduce foreign independence on oil, leave the world a more future sound place. this will be designed to boost congressional candidates come the fall elections. so david, we're certainly going to stay on top of this subject throughout the show this afternoon. right now let's get back to the terror issue because president obama says u.s. intelligence agencies have a long way to go when it comes to effectively thwarting future terror attacks. >> that's right. the president said yesterday, of course, that it comes down to understanding the i

over 180 projects in 40 states will receive the tax credits. one of them is tpi., which is based in newton, iowa, one of america's leading wind turbine manufacturers, and because of the tax credits, they will not only be able to expand an existing facility in newton, and not only be able to build a brand new facility in nebraska, but also they will be able to hire over 200 new workers, and it is my hope that similar stories will be told in cities and towns across america because of this initiative. in fact, this initiative is so popular that we have far more qualified applicants than we have been able to fund. we have received requests for roughly three times as much in fund i funding than we could provide. that is why as part of the jobs package on which i'm urging congress to act, i have called for investing another $5 billion in the program which could put even more americans to work right away building and equipping clean energy manufacturing facilities here in the united states. in the letters that i receive at night and many of you know i get about tenters

perspective of the likely way they would be looking at this is their ability to intervene in the bond market through their tpi, those measures already in place. that is the most effective way for them to target. we look at energy shock. there are capacities to cartel that inflation is limited. we are seeing the stagflation inflation starting to emerge. alix: is the first bank of payment going to have to be the ecb because of the specific energy crisis? is the ecb going to pivot first? does that make the european market more attractive? laura: we have to take a step back and look at the big three. that is most likely to be the case that the european central bank will pivot first. we are starting to see the data deteriorate. eventually, we do think the ecb will focus on those growth concerns. as we look toward the fed, we do think at this point we are not yet seeing meaningful sign of the duration on the economic front. the bank of england has acknowledged that they do in fact -- in the u.k. it is not a catalyst at this point to enter as a european asset. i do not think that is going to be a 2022 story. i have

the ecb. we have not talked about tpi. jonathan: what did marcus ashworth call it, to predict italy? tpi? tom: the first thing i looked at this one was italian spreads, which i guess are ok is how i would put it this morning. jonathan: futures are ok, up 0.4% this morning on the nasdaq 100. yields are higher by five basis points. 2.80% on the 10 year. crude higher than 1%. euro-dollar, 1.0223. welcome back, bramo. lisa: it is good to be back. today is going to be a huge game changer for a slew of reasons, the first being these big tech earnings we are talking about. alphabet, microsoft, meta, amazon, why is pinterest there? i am not sure. [laughter] sorry, i am just going to be honest. i know tom really likes pinterest. tom: dow component. jonathan: is that another bellwether for you? tom: it is, exactly. lisa: wednesday we've got the rate decision and press conference. how much do they talk about not only inflation and out of they are looking on at that friend versus what they are seeing in the on employment picture? how much can unemployment rise before they respond to that in addition t

core cpi, we exclude the price of brent, 1.6%. headlines tpi over 1%. k underneath the surface, we are looking at more and more signs that inflation pressures are starting to build. you will what's that report this thursday to see if it gets so high the fed might have to act. you can check the chart at the terminal. betty: possibly heading to that 2% overall. ok, mark. mark: can i say that is the most lying joe has ever done. he has never done four lines. lines joe the most has ever done. two months ago today, the world stockmarket hit a bit of a boat. -- bump. as you know, we have seen a rebound since then. i love my anniversaries so i don't let us check out to see who is the best-performing equity assets since from 11, 2016. is uphe all country world by 11.8, the best-performin stock and evolve and 94 we track is the rts index in russia. it is up by 34%, rising with the price of oil. russia relies on energy sales for about half of its budget. the best-performing stock in europe is actually euro banking. i thought this was a bank that has basically lost

the boat for a pretty long time. he had an older boat. then he got a better one. tpis one i don't know how long ago did he get it. >> reporter: the fbi is looking alberto perez is the first to be heist. he's a good brother. he's a good son. >> reporter: at this point, investigators are@ looking for those two men you saw in the sketch. thy're also looking for a more information in connection to this robbery. you could be eligible for a $25,000 reward if you have information leading to those arrests. call the fbi or you can call crime stoppers. live in opa-locka, laura rodriguez. nbc 6 news. >>> we are following some breaking news tonight in the case of 6-year-old king carter. miami-dade popoce confirm that the car thought to be involved in that homicide has been found in opa-locka. >> that car, a lexus, was described as an early 2000s model. king carter played outside the apartment complex with friends exited a car and started shooting. the vehicle involved in that shooting was found in opa-locka. we'll continue to follow this breaking news story for you here on nbc 6.

i am confident if we harness the ingenuity of companies like tpi composite, we can gain the lead in cleane that will forge a future where a better life is possible in our country over the long run. that's a future we're now closer to building because of the steps that we're taking today. thank you very much, everybody. >> the overall -- >> president speaking at the white house, clearing taking no questions. our james rosen was listening in with a headline of his own. >> the president spoke for about six minutes. he vowed to basically use the stimulus funds to bestow on american manufacturers so-called green technologies, wind turbine, solar panels, cutting edge batteries some 2.3 billion in tax credits. he said this will create 17,000 jobs, it will trigger $5 billion in private sector investments into this field and he said he hopes it will double renewable power this country uses in the next three years. the president of course also took note of this morning's labor department statistics about joblessness in this country in the month of december and the year of 2009. he said they are a r

the transmissions protection? that hasn't been activated. tpi is meant to work like omt. ber omt. one of my favorites. jonathan: draghi came up with omt. that was the great, whatever it takes moment in 2012. omt was never activated. tom: the one that was better than any of them was eie i/o. lisa: omg. [laughter] tom: it is alphabet soup. people making it up as they go. lisa: trying to offset some financial stability concerns and social concerns in a place like the european union will also -- while also combating inflation. is it an impossible task, and how much is inflation going to cooperate? i think that it's the under punning -- underpinning of the bulls and the bears. the bears say, this is a structurally higher inflationary regime and you will see the bond vigilantes come out. tom: correction of the month was ahead of the dutch central bank leaning over into the middle of the interview and saying, stupid inflation. the netherlands is not 11%, it is 17%. is the 17% old news? jonathan: double-digit cpi. can we say we have seen the peak in eurozone inflation? i think peo

the producer price inflation. there had been some concern that went tpi came off the highs we saw in december last year he could way into industrial profits but that doesn't seem to be the case. concerns that momentum is stalling continue to be proven wrong. one is never wrong, only temporarily interrupted. the senate rejected a simple repeal of obamacare. the failed amendment similar to the affordable care act repeal that passed congress in 2015 and was then be towed by then-president barack obama. earlysenator still in the stages of an unpredictable floor debate on health care and there are a significant doubts that republicans can muster the votes needed to pass any kind of deal. there will be an all-night boat later next week that could feature dozens or even hundreds of amendment. manus: inflation remains below target even as the economy picks up steam. with the details, here is mike mckee. the fed confirms wall street expectations. concern about inflation and a strong hint about balance sheet timing. the committee expects to begin and lamenting its balance sheet normalization program relatively soon, providin

the story tonight >> are part tpis is also a snapshot of the couple on 2/12/2004, they were one of theirst same couples to get married in san francisco. when then mayor gavin newsom made his surprise landmark move lines wrapped around city hall as couples came from around the country to exchange vows. >> this was radical and revolutionary. 19 years ago in 2004, when we married. we felt something extraordinary to this day, i can still feel the chills. >> the 2 are also one of hundreds to see their marriage nullified. when then governor arnold schwarzenegger accused newsom of overstepping his authority and the state filed a lawsuit wiping out same marriages. >> truly believe. >> it's for better or for worse till death. do us part that is going to see us through all the obstacles in our way to the greatest celebration of all full equality for all people. challenges ultimately led to a tsunami of legal battles. that high did turn, though. >> this is the couple on their wedding day in 2008 when the right to marry was restored in california. >> then in 2015, the united states supreme court h

guest: first of all, let me say index,e consumer price usually the foreign exchange rate affects tpi i inflation on a 12 month timeline. the japanese inflation began last summer, now we are feeling the full impact of the higher and the inflation will remain until the first quarter of next year. regarding inflation, we will continue to see a week number four tpi inflation coming -- inflation. on the a hand, consumption, it is puzzling. we are seeing a very good labor market performance, including an increase in employ people, but they're still -- there is still data showing the consumption is fluctuating. it is not growing very fast. we have to think about the household sector, mainly because of the long-term situation. ramy: we will leave it there. thank you. come with still to the japanese open just minutes away. yvonne: stocks, we could see s yvonne: more disappointing data from japan. the latest rating comes below expectations, and the outlook is gloomy. ramy: the tax gaze remains at a time in two years, suggesting continued stabilization and reducing the prospect of more stimulus.

nally usey u the wet w reerivaunthe samam cece thiss tpi tlpi nr r eopic nr one, one p pten ortu pltuasasl to emplompes afterft .rk toohey d't have tavet mattt lau wou w a job job l.l. fines fs contactmp eloyees ide of w hours which the portuguese people replied what the heck our work hours? and they all went back to sipping and gazing at the ocean. the purpose is to protect remote workers complaining the bosses assign them work all hours of the day which is especially annoying most workers are secretly working two different jobs at once. i appreciate it when my employees text me after hours they remind me to help you by sending a client emerges, so sweet. are they always crying? i don't get it i have nothing to put in the shows hate mail segment. looking forward to tomorrow night. topic number two. arby's and not getting into the alcohol business. i hate to break it to arby's, based on their customers they are very much in the alcohol business. coming soon to underneath an overpass near you, arby's clearly and kregel fries flavored vodka. sounds gross but it makes a great spot to catch u

sort of less relevant somehow although the originals were tpi impetus of the amendment. >> i can jump? >> yeah. >> it's gotten to the point of absurdity. i have to say. the government's power should be at its zenith when its investigating a crime. that's when it should be able to penetrate and get the most sensitive information. and yet we're on the situation where on the criminal side, there's a virtual -- there's a consensus, even do jaechlt says, we think that they need an update and we can live with the warrant for content. >> and yet, there's this notion that on the civil side, when the government's pooir is not at its zee knit and not investigating the terrorists who are going to below something up 'something like that. and in that situation there ought to be a lower standard and it just seems absurd. >> absurd. >> i was wondering if -- i didn't realize you probably can't get into enormous detail but since both companies have been fairly transparent. what is your sense of fredding the kinds of information people come looking for? what sort of is the nature of those investigation

the numbers. enovix, array technologies, stem, tpi composites and maceon solar doubling in the last month. like piedmont lithium, plug power, fluence energy, bloom energy, first solar gaining more than 80%. looking forward the managing director said some weakness is to be expected but long term the ira is a major catalyst for the rerating the sector needed adding, the i.r.a. removed the uncertainty around clean energy incentives boosting the long-term investment and growth outlook for the sector with this type of gain it is kind of look out below. >> fair enough we lump all of this together but do you think there is any one area in particular that should be a focal point now >> i think energy storage is really interesting because the ira includes a 30% itc for stand alone storage for the first time ever. >> for utilities >> for utility and residential all types of energy storage. so previously that incentive was only available if it was co-located with solar. now it is for anything meaning you can go back and add energy storage and capture the 30% tax credit it is a game changer for compan

they have not yet begun the repair work on tpi time. certainly they have to dig down to that pipe, swap out the section that is broken and then they have a lot of repair work in terms of fixing the road itself. we have all the erosion and they will have to fix the asphalt, as well. so this will be with us no doubt into the afternoon. there were many people in the area without water for a time yesterday. what i was told is that they have basically minimized the area that is impacted here. so a lot of people should have their water back online, although still some folks in a smaller air may be located. but they're, working on that, as well. back to you in the studio. >> if you don't already have it, remember the nbc washington app is a great tool for a day like today. not only can you find up to the meant traffic conditions, but it's also great on the storm team 4 weather alert day. just search news 4 in the store. >>> we will not be happy, we will not be satisfied, we will not be pleased until we do something in a major way. make a major

but a lot of tim in, u know, low-income communities of color, the kids are hel tpi parents just as much soap this really allows for this generation to help out. and you're right. i meaisn, thi we should not diminish the absolute generosity of this gift. it was really quite stunning. >> nawaz: stung, indeed. a the love people are stilg l talkout it. thank you to you both, mehrsa baradaran, and scott jaschik for being here today. >> thank you. ft >> woodruff: a series of high-profile suicides last year, including anthony bourdain, one restaurant owner in sacramento, california decided to take action. he is now trying to spark a national movement, ochen at a time. john yang reports for our weekly series on the leading edge of health and science. >> yang: the dinner specials at mulvaney's b&l restaurant in sacramento: pasta with truffle and wild caught halibut with b choy. the mood of the staff: very anxious. tensions are high because chef and owner patrick mulvaney blew up earlier when a catering job went wrong. months ago, the staff might have pushed their feelin aside, smiled for the cus

the markets. tom: in bloomberg opinion -- "tpi -- to protect italy." jonathan: great to catch up with you. that seems to be the take away after that ecb news conference -- people's heads spinning. my head was about to explode. if i hear cpi too many times today, i think it will go that way. tom: an acquaintance of a family member had a monograph from 1945 in oxford of john monet. nothing has changed since then. nothing more in the political effusion off the memory of world war ii. i thought lagarde did well given all the conflicting politics she faces. jonathan: the euro weaker. futures down a little bit after a decent run at gains. from new york, this is bloomberg . ritika: keeping up-to-date with news from around the world with the first word, i am ritika gupta. u.s. social media giants are on track to lose $49 billion since yesterday's close. concerns on the outlook for online advertising for the whole sector appear that sees a major slowdown. commerce secretary gina raimondo warns the u.s. cannot relying on taiwan for semi conductors in an to an annual security forum. she called the $50

we'll have the clouds but again showers from harvey's remnants will be moving in for your saturda unfortunately. we're tracking what's left of harvey. still a tpill that energy from the interior to the coastline and as it does that during the day on saturday it's going to scatter some showers about. saturday is not looking good. it's not a deluge, not a heavy rain day but it does look like we'll have on and off showers throughout the day. so probably indoor plans on your saturday. weekend is not a washout. let's take a look at irma. winds of 115 miles an hour as of 5:00 a.m. this morning so they just recently updated this. again, category three storm. it's a strong storm. it's still very far away but we are tracking its journey westward. potentially a category five storm. why we're watching this so closely as i expand things out these are the 10 day models. as we roll our way into kind of the early to middle portion of next week it's going to get awfully close to just off the southeast coastline there. there's some very warm waters there so we got to keep a very close eye on it as we head into next week. don't let it bother you for this week co

the market when it comes to debt sustainability concerns. they have flexible reimbursements of their pandemic program. they have to standby facility, relatively new tpich was created when the ecb started and just raising interest rates last year. they're still the omt which was created during the debt crisis in 2012. between all of those different layers and safety nets, the ecb is very confident that a debt crisis can be kept in check. alix: thank you so much both of you. wonderful set up to what is going to look very difficult. thank you so very much. coming up, more on the market impact of the ecb's decisions. this is bloomberg. ♪ tom: let's continue our conversation on central banks. in our question on the day, to what extent these terminal ranks that we are getting closer to, it seems and how that will feed through to these asset markets. joining us now is steen jakobsen . they see 5% terminal rate being held for about six months. what is the terminal rate you are starting to price for and what would a six-month hold at the kind of level due to these equity markets? >> i like the whole concept that the premise is that we are at terminal rate whi

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roman was here and , of course, he has been working on these two big trailed -- trade deals, tpp and tpi thewith europe. nfluestion is whether the -- the afl-cio has found itself supportive of any of the big trade deals that we have done, and if not, what would it take for you to be supportive of any trade deal? and what would it take for you to be supportive of these trade deals? >> first of all, we have supported some trade deals. they have not been many, because most, if not all, of the trade agreement have been fashion on the nafta model. even its creators and a couple of others have said it failed. they were supposed to raise living standards on both sides of the border. they haven't. all threendards in countries have stagnated or dropped. they were supposed to increase our trade outland. we went from a surplus to a deficit. it was supposed to create jobs and we have lost jobs. as long as it is predicated on a nafta model, which is a failed model, it will be difficult. up, we submitted over 300 recommendations. i don't know how many of those are going to get through and make it to the o

the power plant. uraine accusing russia of using it as a military base. growing fear of radiation across europe as hundreds tpi srm warnt issued as we come on the air. the system looking to bring flooding rain to texas. new moon soon storms target the southwest. flash flood alerts from texas to arizona. talks under way between the january 6th committee and former vice president mike pence's team. this after he said he would consider an invitation to testify. jonathan karl one-on-one with congressman liz cheney. and this question -- will lawmakers ask former president trump to testify as well? >>> emotional testimony from vanessa bryant in her lawsuit against los angeles county. the wife of kobe bryant says she lives in fear of her children seeing the graphic photos first responders took and shared of the helicopter crash that killed her husband, daughter gianna and seven others. the biden administration issue a new ultimatum to u.s. airlines following months of flight cancellations. the department of transportation tells ten carriers to do more to help stranded passengers or face new government regulations. >>