>> thank you for the question, president ahn.o, i don't think you are at risk of losing them by waiting for a subcommittee to convene, review their materials, if there is a question that it would present a problem. >> one thing that would be very helpful if you can do this to help the committee make-up their minds is if the material is about this firm that you forward to the members included some kind of testimonial from other city commissions who work with them and who actually sat down at the table and what they had to say about their experience, how responsive they were, and tuned in to the quality of the candidate that they were looking for, just sort of any information that would help reassure people of any competitor whether or not that is a regular part of what you would add. snowily # >> is that possible? >> of course. we can get the examples and that material is included in their proposal and ask for information in advance of a subcommittee meeting. >> to start adding the time period we are talking about, three weeks for

. >> good evening, i am shery ahn. top stories this hour.hina set report key economic figures including industrial output and retail sales. covid lockdowns and a property slump threatening its recovery. haidi: -- reports the biggest profit of any company globally due to high crude prices and production. shery: earnings in australia were a quarter of -- retailers set to provide insight into the health of the consumer. u.s. futures under a little pressure at the open. this after we saw a rally on friday. big tech led the gains. four consecutive weeks of gains for the s&p 500. with a 14 day rsi passed 70. perhaps -- territory. we continue to watch the vix because volatility has fallen below the 20 level to which has been a historic average. we continue to watch oil prices as well. we are seeing pressure in the asian session after weekly gains. it is all about supply concerns, but also demand. and that dynamic playing out. we have had positive data in the u.s. with consumer sentiment popping to the three month high. mixed inflation expectations

. >> i'm shery ahn. fed officials offer divergent signals over the size of the next rate hike while pushing back on bets they could reverse course. >> u.s. stocks and the day higher. earnings reports -- >> the indonesian president speaks to bloomberg about plans to boost southeast asia's largest economy. u.s. futures are muted after a lot of volatility on the new york session. we had volumes want to percent lower than the 30 day average. not surprising we have price swings and also mixed economic numbers also mixed earnings. we are talking about the strength in the labor market, more signals of that. we had strong manufacturing numbers but more pressure on the housing sector. cisco had an upbeat forecast. you can't blame investors for not knowing where to go. we did see treasury yields under pressure throughout the session after more comments from fed officials that they are backing more rate hikes. oil prices around $90 per barrel. a little more optimism in the new york session. with treasury yields und

shery: i'm shery ahn. u.s.tocks surge and the dollar things with softer than expected inflation fueling bets that the fed could move slower on rate hikes. haidi: fed officials say the latest cpi print does not change the path towards higher rates this year and next. shery: this means raising the price of a flagship streaming service after third quarter earnings and subscriber growth beat estimates. the s&p 500 rose to the three month high. it was a risk on session today. we have cooler than expected inflation figures. we have the nasdaq 100, the nasdaq composite entering bull market territory gaining more than 20% from their june trough. we have the vix falling below the 20 level. that threshold for the first time since april. we have oil gaining around a one-week high under a little pressure in the asian session. still, around $91 per barrel. we are watching the alibaba adrs. even though we heard softbank would be unloading and selling some of their stake. we are really watching the treasury space. we saw yiel

luis von ahn cofounder of duolingo, thank you for joining us and giving us a snapshot of what is goingr industry. that does it for this edition of bloomberg technology. later this week on tuesday, we got lemonade ceo daniel schreiber to talk about the results and how inflation is weighing on consumers. don't forget to check out our podcast wherever you get your podcast. i am emily chang in san francisco. ♪ yousef: this is bloomberg daybreak middle east.

money was basically as underexposed as you tend to get, you know, back, let's say six week ago, so it's ahnarishness as opposed to other people getting confident. >>> up next, we have trades ahead in overtime tonight, cling inudstarbucks and amd. we'll do that next >>> we have a busy overtime that few hours. starbucks, stephanie, you own it, what do we think here? >> it won't be a pretty quarter, because china was closed the whole quarter. i think the u.s. will show resiliency they accomplished 12%, with margins better than expected i expect the u.s. results to do better but i own it as a long time. they have an analyst day in september which i hope will be a catalyst, and they suspended the buyback to invest in the company over the next couple years, which is what they should do i like the story for the long term, but tonight will not be a pretty print. >> michael farr, is that your expectations, too? >> yeah, don't have your hopes too high i've owned starbucks a long time i'm not going to sell stock because of a tough quarter, particularly when there's something understandable as china. i

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. >>> the announced price hike come after the agency ahn nounced plans to buy electric delivery vehicles> we're about an hour into the trading session. let's get back to the broader markets. stocks are up again, reacting to a bit of inflation data. bob pisani is here first of all, just nice to see you. >> always a pleasure. >> s&p is down 10.1% for the year now that feels awfully good for a lot of people, 6 to 1 in advance/decline line with the new york stock exchange is actually on a real big rally, an upslope for the last three, four weeks. that means more stocks are advancing than declines. it's not just tech stocks. it's broadening out. all 11 sector are up today the key store is they want cyclical, they want growth talks. catty wood is just on a tear for the last month she must be ecstatic she's back in a big way. retail largely, of course, part of the consumer discretionary group, strong communication services, strong as well with semiconductors this is growth/cyclical stuff. but overall the market is starting to broaden a bit. look at some of these consumers names that have been d

. ♪ kathleen: welcome back, i'm kathleen hays here with haidi stroud-watts and shery ahn.like to welcome our bloomberg radio listeners. inflation has been called the cruelest tax of all as it raises the cost of living for everyone, rich and poor, consumers and businesses, let's discuss the inequality with san francisco fed president mary daly. in terms of inequality of inflation, everyone feels the pain, but people with high income feel it a lot less in people with -- feel it less than people with less money to spend. lower income people feel it more. have you yourself in your life ever experienced this pain of the inequality of inflation? mary: sure. anyone who grew up in the united states and the 1970's and early 1980's, we know what high inflation felt like, and you could experience it in various ways depending on what your income was. for me, i remember in very uniquely in my own upbringing is that, that was the time when we had to make real trade-offs about putting things back, not getting them. and what i take from that is i see it today. and that's the part that's r