george bory coming up, he is chief investment strategist at allspring.his is "bloomberg surveillance." good morning. ♪ and move the energy that our world needs. ♪♪ welcome to a new era of energy. and it's easier than ever to■ get your projects done right. inside, outside, big or small, angi helps you find the right so for whatever you need done. with angi, you can connect with and see ratings and reviews. just search or scroll to see upf on hundreds of projects. and when you book and pay throug you're covered by our happiness it's easy to make your home an a check out angi.com today. angi... and done. hi, i'm katie, i've lost 110 pounds on golo in just over a year. it's easy to make your home an a golo is different than other programs i had been on because i was specifically looking for something that helped with insulin resistance. i had had conversations with my physician indicating that that was probably an issue that i was facing and making it more difficult for me to sustain weight loss. golo has been more sustainable. i can fit it into family life,

allspring. purposefully divergent. kriti: this is "bloomberg markets."onomic data and earnings on the same side of the equities trade today. employee costs index data is in focus alongside a series of earnings beats driving the s&p 500 higher. let's get more perspective from jill kerry hall over at bank of america securities. always a pleasure to have you on the show. our earnings finally in the driver's seat? how closely are margins driving the story? jill: this will be here where we transition from the fed impacting market inflation to a more micro driven story but so far i think the results have generally been weak. a lot of the rally that we saw in the s&p 500 this month has been about sentiment and positioning and not necessarily fundamentals. equity sentiment interior rated dramatically last year. normally january is seasonally positive with conditioning reversals. we think that has been more of the driver this month they and earnings where the estimates were cut pretty dramatically heading into the quarter and we are still seeing a slight downside

allspring. purposefully divergent. francine: you were recently on tiktok. edward: yes.laughter] francine: is that fun? [laughter] edward: so much fun. i literally have to be held back. [laughter] but the brilliant thing is, you know, i'm so curious. i mean, i like all the digital platforms. i really like to keep my finger on the pulse. you know, i'm not one of those people that leaves work and just shuts themselves in. i really want to be out there, seeing the world. i think all is beauty. so, you know, i am very curious. i have a very curious mind. i'm glad, i'm glad, you know? it keeps everything moving and exciting. francine: is that for gen z? is that for commercial purpose, to also get close to -- edward: no, it is curiosity. i've always sort of been like that, sort of wanted to know what's next. i didn't want to be the one that is just being told, "oh, you are 50," or whatever. i pay attention to everything. but, you know, the world is such a beautiful place for me. you know? and it goes back to my childhood, again. francine: what will be your biggest challenge to

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allspring.fully divergent. ♪ >> it's time for the bloomberg business flash, a look at some of the biggest stories in the news right now. the ceo of tiktok will testify before the house committee on the company's privacy policy and its relationship with china's communist party. the hearing is set for march 23. it will be his first appearance on capitol hill. fbi director christopher wray has said china's government could use tiktok to control millions of users' data or software. the chinese search giant baidu will roll out an artificial intelligence checkbox surface similar to openai's chat gpt. it will allow users to get conversation search results. it is set to debut in march. and responding to tesla's recent price cuts, ford is slashing the price of its electric mustang by an average of $4500. the discount comes on a model that fort has already described as unprofitable. the pace of growth will actually be slower this year. that is your latest business flash. alix: thanks very much. we are goi

allspring.fully divergent. >> if the public doesn't want to work together and continue to grow manufacturing jobs and build the strongest economy in the world and make sure americans are paid a fair wage -- the united states of america, we pay our debts. it took 200 years to accumulate that debt. tom: the president of the united states, driving or the story of maybe late summer or autumn. the debt ceiling debate, we try to avoid it this week. we failed. it is ever ongoing and will be a political football into the sunday talk shows. it will not go away. lisa: it will not. even if they could get down to september 30. tom: jon ferro getting ready in london getting ready to move the story forward. red and green on the screen. we are going to stop right now. we can do this with richard haass, it was my book of the summer, book of the year, cannot remember. it -- his book on how to figure out the new western civilization 101, the world was so important. it -- he comes back with a jewel. it is the bill

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allspring. purposefully divergent. allspring. girls...gained an edge on our bake sales. we need more ways of connecting with customers, fast. i know some consultants with great ideas. can they help us improve our digital experience? absolutely. they've invested over $2 billion in tech. that could really help us manage inventory. and save us a ton of dough. then let's take back our market share. checkmate, chess heads. girls, i said “bedtime”! >> these tanks are meant to help ukraine fight effectively on open terrain to defend their sovereignty and territory and win back territory the russians have taken from them. it is about coordination and the unity and resolve we all have together to help support ukraine. >> not another suit and tie. he will always be admiral kirby. he's out of the newport officers candidate program, serving in missile systems on big ships, before handling public relations across much of the navy and pentagon, with strategic communications and national security council. lisa abramowicz and tom keene in new york, jonat

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allspring.ack the fda meeting today to hash out the future of covid vaccines meg terrell has been monitoring that discussion and is here with the key takeaways so far, meg. >> hey, kelly. well, the fda group of advisers is discussing a proposal by the agency, essentially to try to simplify the future of covid vaccines to annual updates in a similar system to what we have to the flu right now so essentially, they would make recommendations in june about which strain is likely to be circulating in the fall, and then get those vaccines ready for production and a vaccination campaign to start in september now, the vote they're actually going to be taking this afternoon is specifically about whether the primary series, so for people who haven't had havey covid vaccines yet, whether those should match the bivalent boosters there are currently there are multiple formulations on the market and that can be confusing. there will be talk about what makes sense in terms of how to vaccinate people going forw

allspring. purposefully divergent. first time you heard of a town named... dinosaur?rt an easy to build, powerful website for free with a partner that always puts you first. godaddy. tools and support for every small business first. >> i think there is a mindset in the white business community. there is definition of equity and diversity, onto see money flowing and capital flowing into black entrepreneurs, more investment and start ups of business. i think if it were easier you would see more magic johnson's and michael jordan's and oprah winfrey's. tom: he is bob johnson, the bet founder in conversation with david rubenstein. this is one of the great american stories. a kid who was near youngest of 10 children and he did that thing that can happen, he was so dam smart as a young kid he was copart into the university of illinois on his way to princeton and created value and many in media. david rubenstein's show tonight, look for that at 9:00 p.m.. mr. rubenstein joins us this morning from chicago. bob johnson was first in early. why aren't there more bob johnson's? >

allspring.urposefully divergent. >> i think the main risk that exists is the economy decelerating as a result of this policy. i think they will take it up to the low fives and hold it there for a while. that medicine takes a while to work through the system. cumulative deceleration is the biggest risk. >> the blackstone president on his expectations. will onto asian stocks, investors are looking at the prospects of global earnings growth. joining us now, kathryn rooney vera from bulltick llc. let's start with this view of the latest gdp number, the latest jobless claim numbers and what it means for the fed. stock market bulls want to shrug off anything that would suggest that you will get a more tightening the fed. what do you see? >> in an effort to say something different, i am looking specifically at real wage growth. to determine whether or not we get recession and whether or not the fed cuts this year, we need to look at the labor market, specifically real wages, do they flip positive? if t

allspring. purposefully divergent. sales tax with avalara, you don't have to worry about things like changing tax rates, exemption certificates or filing returns. avalarahhh ahhh ahhh ahhh heidi -- vonnie: expected to paint the first broad picture of how china's recovery is ferrying after the end of covid zero. kathleen hays is here. what is expected? >> i love how bloomberg intelligence was putting it, an economy unshackled. it could be a seaman a movie. manufacturing taking longer let's start with the pmi's for january. this is going to show us what is happening most recently as covid zero ends and this economy opens. as for manufacturing, the numbers expected at 49.9. it was a 47 point zero, and even weaker. it is not quite at 50. the dividing line between a contracting manufacturing sector and earth. but look out those that is. in fact, the production is getting better. it is catching up it is getting slower. particularly when you look at steel production. average daily production still 1.5 below december's daily a

allspring. purposefully divergent. >> the bank of japan is starting to adjust.has definitely peaked. i do not see a precipitous decline but a gradual decline as other central banks catch up. jonathan: subadra rajappa there on this bond market and central banks. the federal reserve wednesday, the bank of england and the ecb on thursday. going into all of that earnings and a splash of economic data. equities are lower .8% or .9%. what is wrong with you? lisa: it sounds like a cooking channel. jonathan: it is a recipe for uncertainty. higher bond yields, 3.5477, that is how the table is set into federal reserve decision. have you ever heard this quote -- lisa: you just read it to me. jonathan: listen to this. low interest rates great week man, weak men create high interest rates, high interest rates create strongmen and strongmen create low interest rates. what you make of that? lisa: you want me to take it seriously? i think it is great. there is a regime story, story of men great and small. it is easy to have a business model with free money. it is harder to have

allspring. purposefully divergent. david: welcome to the show.

allspring. purposefully divergent. >>> chevron's moving lower in the premarket.pany misses on the bottom line but does post a revenue beat in the fourth quarter annual profit more than doubling to a record $36.5 billion on an adjusted basis, thanks to high oil prices of course, that comes a day after they announce that $75 billion repurchase program, jim, and you did talk to mike wirth. >> i just talk to mike all the time, and i do think that what you have to recognize, the cash return to shareholder stock price and dividend reinvestment, this is a period of a longer period when you look at ten-year chevron is $81 exxon, $57 shell, $7, so you have to look a little longer term there were some issues involving -- some accrual, some expense involving stock that aren't that important. in 2011, when oil was $10 higher, the company was making a ton of money, but nowhere near what they're making now, so let's just focus on the fact that it's extraordinary how much money they're making now versus what they were making with oil dramatically higher. and i think that's impo

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allspring. purposefully divergent. >>> welcome back to "tech check," big fall, microsoft earnings weighed down tech stocks index off the lows of the session, on pace for the worst day of the year, but it's still january. one of the biggest laggards, the weak ipo market, and a big decline in index revenue is hitting nasdaq ceo dina friedman warning on "squawk" that another volatile year for the markets could be coming take a look at shopify, that stock up 8%, bucking today's downward trend after announcing a price hike for the first time in 12 years ago as a customer i felt that. deutsche bank, just upgraded that stock monday. time now for news update, bertha coombs has that. >> we are all shoppers, john, here's what's happening at this hour for the first time, amazon workers have gone on strike in britain. warehouse employees in central england have walked off the job after months of talks over pay hikes. workers say recent pay increases are not keeping up with inflation. norfolk southern report

allspring. purposefully divergent. >> the worry is with core inflation.ces are typically more volatile. this core inflation measures have shown more persistence and not pete yet in many countries. they are still far away from target. the job is not done. jonathan: that was the imf chief economist. how many times have you heard that phrase, the job is not done. from christine lagarde, from the bank of england, from chair powell. all three making decisions in the next 48 hours. the imf sees a turning point in the global economy. the market has seen that in the last three months. what a rally to start the year. equity futures down to 31%. still above -- one third of 1%. still up on the nasdaq from the closed yesterday. up something like 8% to 9% to date. tom: it is wrapped around the mathematics of indices and the mathematics of what to do for it coming out of the pandemic. it's scope and scale, maybe no one has elected norway sovereign wealth fund, the largest bank investment. the manager is with us, nicolai tangen. when he speaks all of europe listens, all

allspring.ng a company that has now been the target of activists, i say that plural, announcing this morning they're going to be appointing three new independent directors, arnold donald, the chief financial officer at mastercard and the chief executive officer of value act one of those activist firms and we'll see whether that does anything either to the stock or to the pressure that has been placed on the ceo of that company and the company itself in terms of cost and the like. that news just crossing just minutes ago. we'll continue to watch. >> all right, what's the stock doing? >> the stock's doing virtually nothing right now. we'll see whether this placate folks. the big issue has been cost and how much that company has grown. >> for more on the new inflation data that we just got and the impact of the fed, former dallas fed president richard fisher senior adviser at barclays cnbc crontributor, does that go ahead of the dallas fed stuff? equal billing, right at the top in. >> cnbc definite

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