he has been there for a decade and shaped major decisions so it is a momentous moment for the country. tomy momentous. down a 10th of 1%, but you zero in on a point, it sounds like a surprise. talk about his legacy of that more than one decade at the helm of s&p? >> so he has built it out. he took over when they were intervening to keep the frank from appreciating, so the entire staff can be traced to him, he has shaped their careers and is the killer niece jan own the organization. -- the cornerstone of the organization. his niece was once called the sorcerer's apprentice. basically his sidekick for years and years. so if they were to pick up the baton, it would be continuity. tom: i love that. so continuity is what we should expect then, that is the expectation? no major change? catherine: it is difficult to say. the swiss do not like change, they like careful change in increments. so if they were to be appointed it would be a steady course. that does not mean they will be appointed. they just appointed martin who took over from andrea, the first woman at the snb who moved to the bank of

there is a bit of a disconnect. tomustration has boiled up and some of the color woven into this great peace comes from a banker at ubs. >> there was a banker who is their point man for all things sustainable finance regulation, and that a meeting in tokyo at the financial stability board, so they had representatives from the fed and ecb he let loose a little bit and said, your expectations of us are totally out of whack. not that banks should not be participating in helping the economy to transition. he took objection to a recent ecb paper that said that 90% of banks are misaligned with the 1.5 degrees target of paris. he said of course we are misaligned. the real economy is on track for three degrees. how are we who will finance the economy be aligned with 1.5. there is a disconnect between the commercial imperative in structures of the bank that are clashing at this point, and i came to a head at the tokyo meeting. tom: great piece of reporting inconsequential in terms of how we get to these targets if we ever do. al

textile waste is a circular business. tom: h&m is a backer.recycle polyester? to what extent will he change the makeup of h&m? dennis: they were behind the deal and lacking a global partner at scale. there was a commitment to take a pay agreement for the next seven years. tom: how easy is this to scale and can you move beyond polyester? dennis: we are a powerhouse. so we started polyester but you could add on different fibers along the way and it is easy to scale. we had a team working for quite some time. we move to a plant in north carolina and everything is 10k plants. north carolina is a blueprint planned. we develop processes and tools and match that with immersion plants across the globe. tom: ok. you have a purchase agreement from h&m. $600 million, does it limit you in retail partners that you can align with? does it constrain your customer base? dennis: this is a clear commitment, and industry movement and they're happy they secured capacity. they are saying this will not be exclusive, it is open for collaboration. tom: so you can loo

it's a signal to israel. tom: rose with the latest, thank you very much indeed. 's a big week on the geopolitical front and macro politics or economics. jay powell giving testimony. anything he says, does it align with fed officials to hold for longer? patients that has been articulated by the fomc. on wednesday a budget ahead of the election so chancellor hunt will outline details and whether they have the room to push through with tax cuts possibly assurance seems less likely that we will see. ecb decision on thursday and updating of forecasts after inflation came in higher than expected. america powers on. goldman sachs chairman on why u.s. equity market dominance is set to continue. that's next, this is bloomberg. ♪ ♪ tom: welcome back to bloomberg. markets are set for fresh records and the nikkei top 40,000 bolstered by a record session on friday. we are joined by the head of investment strategy group and wealth management cio at goldman sachs. thank you for standing by. start with the upside. is there anything in the way of this? >> things on the upside and

[laughter] >> tom: he didn't know it was a steering competition. moisture, they don't really need to. >> tom: he was staring at me and i was thinking, do you think i'm a complete idiot? you don't know that already. you sense it instinctively. then he blinked and i thought "thank god." anyway, i'm going to end for a bit but then i won't mind losing to him. >> stephen: good luck with all of that. >> tom: yes. i mustn't crush his joy out of him. [laughter] >> stephen: that sounded so english. tom, thank you so much for being here. so lovely to meet you. the season finale of "feud: capote vs. the swans" airs wednesday on fx. the entire season will be available thursday on hulu. it's tom hollander, everybody. we'll be right back. you can make money the hard way as a bullfighter or a human cannonball... or save money the easy way, with xfinity mobile. existing customers can get a free line of our most popular unlimited plan for a year! not only will you save hundreds but you'll also be joining millions who have connected to america's most reliable 5g net

.— definitely a threat. tom smith, competition — definitely a threat. petition lawyer _ definitely a threat. tom smith, competition lawyer at - definitely a threat. tom smith, competition lawyer at geradin. competition lawyer at geradin partners in london. in the middle east, israeli forces say they've killed 50 palestinian gunmen in continuing fighting around al—shifa hospital in gaza city. combat has raged for days in and around the complex, which is crowded with patients and displaced people. our bbc arabic team have been speaking to one of the women trapped inside the al—shifa hospital's complex. she told them doctors and journalists have been taken by the israeli soldiers. translation: i swear by god, they just take those _ who consider to be saboteurs of the hamas movement. they searched the medical staff and put them in the courtyard outside of al—shifa hospital. they left one or two males nurses in the hospital so they could look after injured patients inside. besides that, they took them all. there are no remaining journalists, they arrested all

for example, when i start this new lease book with a tom, i was having a problem in publishing my book with technology. i can help a lot of other young people in a nation that need help in south publishing that the i really, really miss doing normal school cuz i get to play with other people in school and just have fun and do normal things. and i missed my classmates as well, but now i'm home school. i'm happy with my one classmates and that hey guys, it's mean, yeah, and we just want to say follow us and all so. so the, whenever i have free time, like after blogs and all the work, i usually play games with my friends on the pc or on the playstation online. i also of course then spend time with family for sure. and after that, i had to scroll through my phone in sleep, that's pretty much it the my mom was like, okay, how long are you doing this? so at 1st to start out is definitely loving your, you know, family of brands, you know, calls one know about, hey, i'm doing this, i'm really doing this full time. i'm not doing this on the weekends or it's just really hard to nick like that in

that will be a good thing for bowen's balance sheet. tom: sounds like a brave man or woman who will be taking over as ceo of boeing. katrina nicholas, thank you so much on that crucial story in the airline spaces well with the focus on boeing. the day ahead, other factors to think about today, we will get u.s. durable goods orders and data. that comes through at 12:30 pm u.k. time. a bit of a gauge in terms of the health of that part of the u.s. economy, particularly the manufacturing sector. how much demand there is domestically and externally. when it comes to eem, focus on the nigeria rate decision. they are expected to heighten -- hike again. inflation running at 31%, 32% for nigeria. look for that as the central bank action within the em space, nigeria. back to the u.s., another auction a five-year notes at 5:00 p.m. u.k. time. we will be watching for the appetite from investors to absorb that option. that's a 5:00 p.m. u.k. t i'm. putin blames islam is for that moscow terror attack for the first time as more arrests are made. we will

a fire sale. his real estate and the stakes in real estate, what they are worth, he is in the dark about that. tombout big properties on the table. not as simple as selling assets. how much payroll does this lead him to? he has been able to duck a lot of this. kriti: both options seem scary because trump tower in manhattan, we don't know what this is worth and it has to do with asset valuation and scrutiny. is he able to get financing from a friend, a foreign government? how much of this is for a friend, how much is in support to the future president of america? tom: kriti, thank you very much indeed. the decision later today on the financial commitment from donald trump. the candidate in november. plenty more, stay with us. this is bloomberg. ♪ ♪ >> initially we had bottom up drivers, themes that were powerful, but the rally is narrowing and you have a top-down factor enabling central banks that will do what they want regardless of selective data focus. these are powerful. i was surprised by the extent to which patients with inflation running higher, he dismissed the fact that we have had surpris

areas of interest that are significant, is not only hospitality, where we expect to have a better year than 2023. tomal bank governors said there need to be for cuts, does the ecb need a cut? >> everyone is expecting and projecting usually these counts. quite volatile as we all know. a few months back, we were talking about higher for longer. now we are talking about cuts. we expect to the first cut in june. two or three cuts happening. the reality is the ecb is looking at the european economy. it's actually helping with inflation. tom: are you worried rates are too restrictive? >> the way they have been managing to end up with a soft landing as we have seen because it is not where we are right now in europe. it will be really bad if you compared it. going a little bit further as we speak from now on until the end of the year would help the european economy perform. tom: bacteria bank. what is the expected asian regulators will allow you to pay out dividends? >> this is an ongoing discussion, a year-by-year discussion. for the year that just passed by, we are in discussions with regulators. it is hon

this needs to be resolved before the key season of the summer where we cannot have a repeat of what we had two years ago. tomus a little bit more detail in terms of lufthansa's challenged outlook, given the industrial strife we have seen on the ground. oliver: it was a little bit more bearish than the earnings had been anticipating in the outlook. i will go through the numbers. there's a question we saw from air france. this question about peak travel, are we done with revenge spending of travel, post-covid, none of these airlines have hit their 100% capacity of pre-pandemic levels of 2019. lufthansa is talking about bringing their margin. they were aiming for 8% and it will come in at 7.6%. they were hoping to get to 95% of the 2019 pre-pandemic level. they have brought that down to 94%. of course, cargo, which was a big story post-pandemic, is coming back down. a very muted outlook looking forward. trying to get capacity and numbers back up to say nothing of the business traveler, which has decidedly not bounced back. tom: birds oliver crook on the ground at frankfurt airport. we appreciate the details. pl

tom, we have to pause for a second. tom l have to pause for a second. imore. thi5 this is bbc news. let's continue our coverage of what has happened in baltimore and the bridge collapse. 0ur has happened in baltimore and the bridge collapse. our business reporter katie silva joins us now from singapore. the reason we are talking to you is because this is a singapore flagged container ship. can you just talk u5 singapore flagged container ship. can you just talk us through what we know about it?— know about it? yes, sure. the shi -|n~ know about it? yes, sure. the shipping company _ know about it? yes, sure. the shipping company synergy i know about it? yes, sure. the i shipping company synergy marine group is located 50 miles that way. it is a singapore flagged container ship company, it has about 668 ve55el5 around the world. we have a statement from the company saying all crew members, including the two pilots are accounted for, and no reports of any injuries, but they are still working to determine the cause of the incident. i have spoken with the off

a percent. this is bloomberg. ♪ tom: happy tuesday. o speed, good and closer to a decision as to whether to move out of negative policy since 2007. it remains on a knife edge whether they do that next week or in april. it could be a hawkish hold. crucially is wage data this friday that could be consequential. to close to call now but they need to hike interest rates and the question is do they do it next week or in april and data could be meaningful. looking at the japanese yen, softer. one of the corporate's that dominated the agenda in the u.s., with blockbuster weight-loss drug may be covered for medicare after regulators expanded approval. as the first time weight loss therapy has been approved to prevent cardiovascular events. soaring sales help boost income. total income came in at four and a half billion dollars. how much will this do in the months ahead and what do they do with all the money they're generating? >> the fda approval gives them an additional argument that this is for other diseases. this is extremely important. thi

on etf they sit on the portfolio and do nothing, so they will have to send a signal that qt is nowhere on the horizon. toms a dovish hike. when it comes to the bank of england thursday is the decision. marcus not expecting the first got to come through until august. do you think they had the ability to wait until august and do they have to do more if they are starting later? >> we have august as well. they have to wait until august because the inflation and wage data has not gone far enough in their favor. they are going through the same inflation dynamics as the euro zone in the u.s. except that it started later. can they afford to wait? the economy is going nowhere fast, so it is not that asymmetric. it is symmetric in the sense that if you wait you are doing or damage for households that have mortgages resetting and growth is stagnant, but you cannot justify going much earlier. tom: are you seeing green shoes in the european economy? >> i would have to look hard. a few things. it is unclear. the february data reversed improvement we saw in survey data. there is a globally including in the euro zone i t

it just works in everyday life as a mom. ♪ tom: good morning, i'm tom mackenzie. ts a growth target of 5% but the premier says success will need efforts from all fronts. chinese stocks full. hstech drive slow as amd hits a road block. supreme court rules donald trump can appear on the ballot, the latest in the race for the white house. breaking news. capital market stay in london looking at core eps at 1.85 euros. structural changes remain and option, but investors are looking at changes. sales are a beat. those are the top lines. there is a focus on structural changes. suggesting there are not any changes yet, focusing on divestments and litigation risks for roundup weed killer and lawsuits continue to play out. china setting a growth target of 5% and setting a deficit target. interesting given deflationary pressures. european stocks ended flat. ftse futures are down. modest downside across u.s. stocks. nasdaq point to losses of 5%. a&e failing to get the green light to sell chips in china. looking at chips this morning. let's look at gold, bitcoin and euro-dollar

a critical -- credible plan to deal with the population. as things stand today, we have not seen what that plan is. tomlet's bring in paul wallace as we listen to the rhetoric becoming sharp -- sharpened in terms of their critique and approach to this conflict. i ask you this on a daily basis, but are we any closer to a cease-fire? >> it is a crucial question. i think the answer is, no. we are not any closer to a cease-fire. it does not look like hamas and israel are bridging the whitecaps that still exist between them. the bigger picture is, hamas would probably want a long-term cease-fire effectively and in in -- and an end to the world -- war. israel needs to continue fighting until it has completely destroyed hamas as a military organization. israel says hamas still has brigades, up to 8000 fighters in the city of raw vote. this war has to keep going until it's no longer the case. tom: if a cease-fire is not likely, is any of it coming through from the u.s. and other israeli allies cutting through to the government in terms of restraint around what they plan on rafah? >> i think if you looking -- l

high-end tom mackenzie in london. donald trump and aoe biden rack up primary wins on super tuesday with a rematch of the 2020 presidential election and now looking more likely than ever. we bring you all the latest as the final results come in. stocks in hong kong rebound as markets look ahead to a press conference from top chinese policymakers and testimony from fed chair jay powell. bitcoin, meanwhile, hitting an all-time high before retreating. plus, u.k. chancellor jeremy hunt repairs to deliver his spring budget -- prepares to deliver his spring budget with a focus on potential tax cuts before a looming general election in the u.k. the selloff was pronounced when it comes to technology. the big names of the likes of apple losing stock pricing, tesla down around 11% in two. . days you saw the nasdaq closing lower by around 1.8%, the s&p 500 index lower by about 1%. we look ahead to jay powell' testimonys. is expected to reiterate that patients around the prospect of rate cuts on the strength of the u.s. economy. ftse 100 futures poi

taking a step back from modelling in 2015 to support tom's career and build a life for her children inn. i think of my mother who's watching from heaven. she said about seasons in life. i felt that my mother, she put her life, in many ways, on hold for a while for her children. >> i think we do that as moms, right? i think we all have done -- i don't know all, i can't speak for everyone. for my sisters, i have five sisters. >> you know. we have a lot of girls. for my personal experience with my sisters, we all have had our seasons of nourishing our little babies. because i think that's -- i think that's right. you know, i think they -- you know, you see this little being that is so -- they need you for everything. i mean, so i feel like if you have the opportunity to stay in that moment of motherhood and really be there with your child, i think it's the biggest gift you can give yourself and your child. >> reporter: but in late 2022 after much public speculation about the status of their relationship, the couple announced that they were divorcing after more than a decade of marriage. i

it happened this morning on a la tom flight, a boeing 7.87 9 dreamliner. a glitch that caused it to suddenly lose altitude. once the plane landed in auckland, it was immediately met with paramedics and more than 10 emergency vehicles. >> airbnb says it is banning the use of indoor security cameras on its site by the end of next month. the san francisco based company says it wants to simplify its policy and emphasize privacy. previous policy allowed the use of cameras in common areas as long as it was disclosed on the listings page, the policy takes effect april 30th doorbell, cameras and noise. decibel monitors will still be allowed. >> of people that are choosing between being housed and having their pets. >> a dire situation creating a crisis is at local animal shelters. how one facility is asking for your help. but first, the case of convicted killer scott peterson goes back in front of a judge for the first time since los angeles innocence project got involved some legal experts are predicting potential bombshells t mylowe's rewards credit card saves u

a tom wallace kron. 4 news >> a bill that will add exemptions to the $20 an hour. fast food minimum wage law is now heading to the governor's desk. should the bill become law fast food restaurants and places such as airport hotels event center's theme parks and museums won't have to raise their minimum wage businesses that they can sell bread as a standalone item are already exempt. some of said that includes panera bread. but governor newsom's administration says panera will not be exempt after all, most fast food chains must increase minimum wage to $20 an hour starting april. 1st. >> know for our 4 zone forecast as we get a live look at san francisco's embarcadero of the bay bridge off there in the background and not a cloud in sight. blue water blue sky lawrence looks great. yeah. beautiful out there for these girl. and 2 of you notice that the hills agree the flowers are blooming and yeah, that's starting to cause some issues. i think for some people around the bay area. people talking about it. some allergies starting to become a more prevalent as we're seein

the economy is recovering so this will not create a major headache soon. tomchulz, fantastic to get your analysis. chief economist joining us out of tokyo. plenty more including a deep dive on nvidia, ubs and the boj. this is bloomberg. ♪ ♪ >> a new industrial revolution. a trillion dollars of install data centers will be modernized. because of the computational ability, generative ai will create new infrastructure to do one thing -- not for multi-users, but ai generators. everything will be robotic. and these robotic systems all need one thing. a digital platform, processors. and they system designed is a miracle. this is blackwell and what a gpu looks like in my mind. nvidia ceo speaking on the first day of the annual ai conference. reflecting on sales, they've gone from 5 billion in 2016 to over 110 billion, more than four times the level of 2022 on the h 100 ship processors? are we topping out or is there more to come? major customers. let's have a look at the boj. when it comes to macro policy and the decision to raise rates, how markets have reacted with

that will be a drop in the bucket of what could be a multibillion dollar price tag, tom. >> yeah, they're going to need a lot more than that. all right. tom costello leading us off tonight. tom, we thank you. >>> here in new york, three presidents helped bring in a $26 million haul for the biden campaign at that star-studded fund-raiser, and it had former president trump firing back today. here's kelly o'donnell. >> reporter: with a dramatic flourish, three presidents emerged. democratic donors posted their images of this entrance at a glitzy new york city fund-raiser, needling a fourth president, donald trump, with a twist on the sensitive issue of age in this clip released by the biden campaign. >> all the things he's doing are so old, speaking of old. [ laughter ] and, you know, a little old and out of shape anyway. [ laughter ] >> reporter: tapping into the political skills of bill clinton and barack obama to sell the biden agenda. democrats looking for a counterpoint to polling that shows voter frustrations with president biden. >> you've got record-breaking job growth. you've got an

so a tom be a for me to, to, to tell the, the leadership, the democratic establishment, the white house, how to manage that domestic politics. but i do think one could make an argument. this is a mis read affair of domestic politics. that in fact, with a democrats supporting constituency, support doing this is doing mobile home. i think however, that is the president's read. if he's domestic politics, it certainly fits with what we know about the role of campaign finance. it gets more money than any other doesn't. a from israeli little bit as well. i, you know, i don't even know if that's true because there's a lot of it to, that's what they raise on the said the grades that, well i, i, i would question i would actually question about the idea of that this in any way benefits biden's re election, we will know in november to some degree one con, isolate any given factor, but i think it's the best reading by of contemporary american politics. i think we should at least consider the by the, the person by the scope. this fact is passing by apparently speaks the goal to me ever to sleep. and

weapons were found in the mine was shot as a move towards the soldier. actual sound of its reports, a tom and he's rarely soldier recounting his actions during a rate in gaza. city body cam video from last november spark, widespread outreach. it revealed the soldier discussing how he repeatedly shot an elderly palestinian man with the victim was 73 year old. i tell you brushing, who was a well known disabled man in the refugee camp where he lived. his relatives say he was deaf and his attempts to communicate by sign language or few dial. i've read them and that's a saturday we were in touch with them since the start of the war. when is riley soldiers invited el shante area, we lost contact during the 1st choice. we asked the neighbors who said he'd itself, we were shocked to see his images on tv. the witnesses stalled out to 0. the entire neighborhood served as a temporary base for res. rarely, soldiers, during the course of their operations, at least 50 palestinians were killed and there remains a buried in a mass. great. many homes were raised as is really forces pulled out. this really

that is a betty genocide to discuss these issues as more i'm joined by my guess, alexander a tom in st. petersburg. he is a senior lecture at st. petersburg state institute of technology and kia in moscow . we have dimitry, bob, and she's an analyst at school. make international regime across type roles and the fact that means you can jump anytime you want. and i always appreciate it. all right, let's start out with the theme of the here in moscow. it's been 2 days now since the certificate terrorist attack on moscow. what are your thoughts, what do you you've been thinking over the last 2 days because of course there's a lot of things we're pointing. obviously. a many people here, as you well know, are blaming somehow the ukrainians for what happened here. there's a lot of unanswered questions, a 133 people and counting are dead. i'm more than a 150 injured a lot of questions. your thoughts, my friend? well right now, as we have talked in the death toll race to 154 people and it will be unfortunately, most likely the number will be wouldn't be a school choir show is a huge misfortune,

as we go on to victory handle people get excited that a rate cut is coming in the near future. tompowell saying not far from that point where they cut rates, and we will get the cpi print clarity may be. japanese stocks up-to-date 60% but taking a thumping today. the narrative had been it is not just about the yen softness we have seen prior to the last few weeks, but also the corporate governance story that has been derailed by price action today. what is behind the story in japanese stocks? >> i think it has been exaggerated by the time of year. we have had a torrent of media stories ramping up pressure on the markets to think that the bank of japan may actually move in march, which really was a bit of a long shot even a couple of weeks ago. people assumed it would not be before april, possibly even july. we have had daily reports telling us the bank of japan is getting close and they are talking about taking away yield curve control. all of this is coming together and we have a few days to go before they meet for the march meeting, so suddenly even the equity market has gotten a

. >> reporter: high drama above the ohio river, like a scene from a tom cruise thriller. >> a semi overe of a bridge, hanging over the water. >> reporter: a tractor-trailer dangling from a clark memorial bridge and a repelling firefighter trying to pluck its female driver to safety. >> this is very much a worst-case scenario. it's extremely lucky. not so much that it would detach from the trailer, but just that the entire truck didn't go into the river. >> reporter: that's louisville firefighter bryce carden, rappelling to rescue the driver. both of them hovering roughly 7r connecting kentucky and indiana. >> she was just praying. she was praying a lot. and i prayed with her. >> reporter: the semi had crashed through the guardrail after a four vehicle accident. the driver trapped in the cab for about 40 minutes. carden slowly, carefully guided them both back over the guardrail to safety.% >> once i reached her, she was super calm, collected, and helped me do what i need to do to get her to safety. we have generally done a few crazy things, but yes, this tops it so far. >> reporter: that

a tom wallace kron. 4 news right now. time for 4 zone forecast as we get a live look outside at that beautiful city. >> scape there with those for boating clouds moving in. lawrence, you know, one time ago, there's a big surfer movie called endless summer. yes, all the snow that we've had. we get universe and called in this winter. yeah. and let skiing, right. i mean, they're going to do it for. they may be skiing well in the summer months again, they did last am est open all the way to july. now we've got more snow on the way that had a lot of snow over the weekend. here's look toward halftime right now. shrouded in clouds out there as we speak. but >> no snow right now, but it is going to pick up again as we head toward the middle weeks to couple scattered snow showers over the tahoe where you can 80 50 that things move along. pretty good across some of the highways there. but we are going to be talking about changes coming up, cold outside 29 degrees right now in inclined this 31 at emerald bay and 32 degrees in tahoe c

a minute. britain's tom pidcock finished fifth. the right side of a photo—finish to deny faivoir in a thrilling conclusion to the imperial cup at sandown. ridden by sean bowen, the 5 to one favourite go dante won for the second time in three starts. he'll now head to next week's cheltenham festival. it is hometime for england's test cricketers after losing the series against india 4—1. they crumbled in the final test, bowled out for 195 in their second innings and beaten inside three days by an innings and 64 runs. the bbc�*s chief cricket wrier stephan shemilt spoke to me from dharamshala about england's defeat. the game was lost for england over the first two days, really, bowled out for 118, india posting that big 477 in reply, finally bowled out on saturday morning was that moment of history forjames anderson taking history forjames anderson taking his 700th wicket. we knew at the start of saturday it would turn out to be 4—1, the thing england were really looking for was a bit of grit with the bat, to make india bat again, may

a tom wallace kron. 4 news. >> still ahead, the talks continue to keep the a's playing in the coliseumnger. we've got details on where things stand tonight. >> plus, time is running out to name this tiger. the top options for the oakland zoo's options for the oakland zoo's newest cup. my dry eye's made me a burning, stinging, 5-times-a-day,... ...makeup smearing drops user. i want another option that's not another drop. tyrvaya. it's not another drop. it's the first and only nasal spray for dry eye. tyrvaya treats the signs and symptoms of dry eye disease fast by helping your body produce its own real tears. common side effects include sneezing, cough, and throat and nose irritation. relying only on drops? not me. my own real tears are my relief. ask your eye doctor about tyrvaya. >> south asian street, food cocktails, local vendors and beats will be filling the san francisco streets this summer. the bhangra and beat night market series is kicking off in may. the festivities will transform the downtown area from battery street in clay street into a vibrant display of dancing and live m

a tom wallace kron. 4 news. >> all right. let's go outside here and taking a live look.era on sutro tower. we saw the pacific ocean and we just a swivel that thing a little bit to the north. this is the conservatory of flowers in golden gate park. there are so many spring events happening with the gardens of the golden gate park. the magnolias are going to start blooming will soon. cherry blossoms as well. >> they a bunch of different events there. golden gate park for spring time to celebrate. get out there while you can before the rain comes back. lawrence is telling us that it is coming back. yes, the rain is looking to come back and stick around for a while as we head toward the end of the month and probably the least the beginning of april. usually we see it go beyond that as well. so >> enjoy that sunshine while we have. it looks like it's going to stick around for at least another day and really watch more clouds filtering as early as thursday. i think we'll see a lot of cloud covor begin to move in. no rain just yet. but looks like the clouds gathering out there

a tom wallace kron. 4 news. >> new at 5, the state assembly has passed a proposal to exempt some fastd restaurants from california's new $20 minimum wage law. while most chains must increase their minimum wage to $20 per hour on april. 1st, this bill would exempt fast food locations inside of airports, hotels event, center's theme parks and museums. the author of the bill defending it today responding to critics who say it was negotiated behind closed doors. >> this was a process that was transparent. unlike a lot of negotiations that happened around very difficult bills. they require both sides coming together. there was consensus from the business community as well as labor. it's not legislation. >> when all the negotiations happened behind closed doors and there's not transparency. >> the bill now heads to the state senate chains that bake set and sell bread as a standalone item were already exempt from this minimum wage increase. >> alright, weather time here as we take a live look out there. the buckyball long san francisco's embarcadero by the exploratorium. lot of weekends wher

a tom wallace kron. 4 news. >> with the arrival of spring filling up your car may hurt your wallet. a bit more. according to aaa, rising oil prices are contributing to increases at gas stations. the average for a gallon of regular gas in that california has 4.99 for prices across the bay area. the highest can be found in san mateo county at $5.16 for a gallon of regular gas in san francisco marin, sonoma and napa counties not far behind. >> east bay, you can expect to pay under $5 and $0.7. santa clara county just under $5. the cheapest gas in the bay area can be found in solano county for $4 and $0.96. >> speaking of gas happening tonight, a town hall meeting is happening in martinez to discuss refinery safety. the meeting will go over ideas about how to protect the local environment and quality of aaron life. the meeting comes after several recent flaring incidents said refineries in martinez, costa, health and air quality officials will be at the meeting. it is scheduled to begin at 6.30, at john near elementary. the countdown is to the total solar eclipse. happening now, just 2 w

the story isn't as video and id, somebody's using the data this on a tom these into the page for the for new to inform us it's got to foster. and in case you're not feed satellite, so much wanted to know for the local on need on these products in the for the, for industries. and if i'm not here what they see for soon. so the course so me money the medication to dissipate a boy. it was always either somebody get on the face or it is just simply meal. so the thought designate confirmed is decent on this occasion, the ceiling give you an idea when the new uh, phones of cassini deal with the much i see the city a city city, very new. don't come from k or the model, kiki input v t. i meant by d for sunday to my into the many talk of corruption in africa, but few people knows that the phenomenon often accompanies false african corruption and theft is overlooked. and governments and oil to friends with assistance and protection guaranteed provider. they proceed with pro french policies. it's a system that breaks cripples and swallows people up to try to, to no avail. the system will always

a tom wallace kron. 4 news. >> 2 weeks after learning she would not advance in the race for u.s. senate in california. congresswoman katie porter, former congresswoman is speaking out about her campaign and her decision to call the race rigged against her in her first interview since primary night, porter spoke with pod save america about her loss in those controversial comments the aftermath of the primary where we learned that congressman adam schiff and former baseball star steve garvey would face each other november. congresswoman porter suggested that billionaire's help to rig the election against or with attack ads in a conversation with pod save america. porter clarified her comments saying, quote, obviously i wish i had chosen a different word. she went on to say our california election officials do a terrific job in no way would i ever suggested there's anything other than a careful, thoughtful, amazing election system that actually should be the model for a lot of the country in that interview, porter also said she wanted to make it clear she believes big money can affe

possible after detroit and the conflict in cedar rapids support forces have been battling sea dogs on a tom carillo's visit as part of a pushed by washington and hostilities and secure humanitarian access for people in some don't. he will travel to egypt if you're, if you, as well as saudi arabia and the u. a. e. have a morgan has moved from the city in these capital to the us, special envoy will be meeting regional leaders and political actors, but have been trying to mediate between disabilities. army and the power military rapids support forced us to end the fighting, which is now nearing a year. he will also be meeting sydney's politicians and the regional capital that he will be visiting, which includes if you will be unable to, as well as saudi arabia, which along with the united states, has been trying to media talks between us with the news army environmental through rapid support forces to reach some kind of a ceasefire and secession of hostilities to pay way for political talks and for humanitarian assistance to reach those in need. now, while he will be visiting regional countrie

i'm joined by my guess, alexander a tom in st. petersburg. he is a senior lecture at st. petersburg state institute of technology and kia in moscow . we have to meet 3, bob, and she's an analyst at school. make international right gentlemen, cross type rules and the fact that means you can jump any time you want. and i always appreciate it. all right, let's start out with the theme of the here in moscow. it's been 2 days now since this a really good god, terrorist attack on moscow. what are your thoughts? what do you been thinking over the last 2 days? because of course there's a lot of things we're pointing. obviously. a many people here, as you well know, are blaming somehow the ukrainians for what happened here. there's a lot of unanswered questions, a 133 people in counting are dead more than a 150 injured a lot of questions. your thoughts, my friend? well right now, as we have talked in the best, all race to 154 people at and it will be unfortunately, most likely the number will be wouldn't be a school choir. so it's a huge misfortune, really terrible theory steps. a

a tom shows do. i've never heard. let us do best. i see to make george soros wasn't just an enemy for victor over. well think i've seen them, but i'm formulated. was a blueprint right for adoption by right wing populous leaders around the world. regardless of a country's specific, socio political context, sorrows met the brief symbol of a peak, global capitalism with us and then swap it from the tapped into the p, routed onto some mystic troops, p steel. for many a governments in the world escape going simply because so to speak, you fix all the boxes in turkey and no doubt to see some point in time. reflect are sold off as being the man who's going to destroy this country. sort of we have easily and my bill was really full. many times spoke about the support, the judge sort of gave to organizations supporting migrants, you know, sort of all for being able to operate in order to make up that can be done. so don't you know, i mean, even imagine the far ours coming from the you can read them, mention soros and usually speeches and made

a good risk reward trade-off. we think the infrastructure team will be perceived -- pervasive. tomen it comes to the energy transition, you want to invest in commodities and the raw materials that go into that shift or do you want to invest further downstream? >> it is a bit of both. the reality is today it is either highly unlikely or impossible that we have all of the raw materials that we need for energy independence, not to mention a great transition, so the investment in raw materials. tom: 1% to 7% allocation? we have got one on finance. we talk about dedollarization within the context and you are making the call that you get exposure to bitcoin. unpack that view. >> when it comes of the most with clients it is often about how different countries are trying to fight back against dollar hegemony, and any currency dominance does not work for everybody all the time, but when we see major currency transitions over history, from the pound sterling to the u.s. dollar, it was not only about or majority about geopolitics. think about world war i, world war ii, it was about a more eff

the yen strengthening further could put a lid on where it goes from here. tompect the jpy to strengthen further, i've been saying that since we were at 150. it's not a particularly complex for mila, but the fed -- complex formula, but the fed, pretty much every other economy will be cutting rates, the boj will be raising rates. given the mess depreciation we saw in jpy and we saw the carry trade narrow, i think investors will start to buy jpy again. i think if you look at investing in japan and phases, i think phase one we are getting to the end of that now. investors were underweight for many years. we saw a lot of structural reforms coming through. for investors have moved back in. phase two is about can you buy jpy, active funds and sectors? i think phase two has to be driven more by the 7 trillion u.s. dollars sitting in currency and cash deposits and japan. i think it will be more of a domestic driven story. i think we start to see pullbacks. think foreign investors will continue to buy it. in terms of the index waiting -- weighting, it will go up. but i t

killed and his brother was also and then it gives him a guy, probably the toughest thing i have a, a tom is an explore monica of his face like it is in face if the budget was charged with us open door to door, domestic us. i'm going to use death. marcus, throw it up, it's late. and so just even if that is the last 2 that i would be able to do an important professor and the writer and the pruitt who's impact, transcended his person and work to shaping molding of a generation of english speaking. philistines in gaza, who master the art of telling their stories. but we've also lost a large number of culture and literally figures. and of course many academics, this isn't a soul on the people who create meaning in society and who create the language that helps people understand and reflect on the yellow is a new what it has been doing and continues to do by attacking and going after our cultural and literally and intellectual figures. but if i like, garza is an idea, ideas don't die, bodies can perish. cities can be destroyed. but the idea is that they stand for the principles and the values.

a tom wallace kron. 4 news. >> the social security administration is moving to protect some americans money benefits when getting food assistance. people who get social security money through ssi or supplemental security income will no longer have money cut backs when they receive food, shelter or other benefits. as of the end of september. those benefits currently count against and reduce monthly cash support, ssi recipients include elderly and people with disabilities who have limited resources, monthly checks are often as little as $943 for individuals, $1415 for couples and $472 for central people. >> the commercial crab season will be ending april 8th for most of the california coastline because of an increase humpback whales. fishing will be prohibited from the sonoma mendocino county line to the u.s. mexico border restrictions are going to be put in place to limit the amount of fishing. also north of the sonoma and mendocino county line. a new digital mobile radio system in sonoma county is making it easier to communicate during disasters. the county is training people on how t