allspring. purposefully divergent.ason: when you think about growing your audience, one of the franchises or areas i know the franchises or areas i know we think a lot about is the latino audience. and we have spent time with javier gutierrez and the coyotes, you know, sort of coyotes, you know, sort of understanding the changing demographics. what are the conversations inside this building about that? gary: we want everybody, no matter who you are, where you're from, what you believe, to know that you're welcome to be part of hockey. whether it is playing at the youth level, whether it is being a fan at our level, we want you to feel comfortable being with us. and with that, we need to make sure that we keep an eye on our diversity and making sure that we are as diverse as possible. you know, we, over the years, have been focused on the fact that we are a predominantly white northeastern or canadian sport. and that has changed over time. and our franchises, particularly in the sun belt, have embraced being more inclus

allspring.rgent. >> another low-volume day ahead of the big data report coming out tomorrow and another data point on thursday and other on friday. i'm romaine bostick along with katie greifeld, kicking you off to the close. katie: not too much action in markets. volume light wind's again, just two basis points or so, five basis points when you look at the two-year yield, pretty quiet. romaine: intereto

allspring. purposefully divergent. caroline: time for talking tech.opening an office there. this is after meeting the prime minister. the middle east unit is selling a stake with 400 million. it is an abu dhabi-based firm trying to reinvent self. it is a large battery fact re-in shanghai. headed, we are going to talk about that more. -- ed, we are going to talk about that more. ed: elon musk has always said, long-term, we or factories all over the world. >> air doubling down on their investment in china. it is at an all-time high. tesla talked about the energy transition. they always made it very clear that they are more than a car company. now, we are seeing tesla talk more about storage. they changed the prices on their website. musk has said that they are going to chase volume over margins. he has made it very clear that in the short-term, this was the way to go. he saw prices rising because of the chips shortage. he is going to cut prices. caroline: let's talk about the chips that go into things. we will discuss how they have missed sales. remaini

allspring. purposefully divergent. did you know you can get someone to shop for you?stitch fix, it couldn't be easier. i share my style, size and budget. and they shop just for me. my shopper sends me stuff i feel good in. i keep what works, and send back the rest. stitch fix. david: for people who are not familiar with the fomc, who is on the fomc? chair powell: it consists of a board of governors in washington. there are seven governors nominated by the president and confirmed by the senate. we serve terms that are not synced up with the election cycles. we are independent. there are also 12 reserve banks around the country which have a degree of independence. each reserve bank is led by a president who works there full-time. all 12 of them sit on the fomc. so that's 19 people. it is quite a large committee, of which 12 vote in any given year. the reserve bank presidents vote on a rotating basis, except for the new york president, who votes every year. david: do you vote at the beginning of the meeting and then have discussions afterwards? or do you wait until the v

allspring.lly divergent. - [mo] if you're thinking about going back to school, allspring. this is for you. ♪ - i ended up spending less money my entire time at snhu than i did in just one year at my other university. - [juan] my time at snhu has given me more confidence. now i can go for that promotion. - if you're ready to go back to school... you can do it. southern new hampshire university has changed my life. and it can change yours too. ♪ - [announcer] visit snhu.edu. caroline: breaking news. meta is planning to cut or relocate its london-based instagram employees. the london office became a center for growth from the app when its leader moved there temporarily last year. now, they are planning to relocate to the u.s. along with staffers who are not laid off. it is according to a source who has asked not to be identified because the move will not be final until the completion of a required consultation period with the u.k. government. talk about transit. san jose in california is exploring

allspring. purposefully divergent. here, is cvs health. allspring.e told our concerns are all in our head. here, we don't think we should pay more than men for the same thing. or pay taxes for period products. here, we can ask tough questions, day or night. and here, we're actually heard. and because of that, we can focus on getting healthier together. together. here, healthier happens together. cvs health. >>> you're next guest knows the retail landscape mi mickey mickey drexler is here with us at post nine good to see you. >> nice to see you >> so tough out there, but still you wanted back in the game? >> it is what i love to do passionate i could never sit and do nothing. when i left j crew i was bored out of my mind and i like to operate and create and work with people >> and it is an interesting time to say the least when you came back, still in the pandemic and trying to figure our way and what future retail will be. how do things look now >> i looked further out. i got emotional about the name and i love names and you kind of build your imagin

allspring.divergent. you don't have to worry about things like changing tax rates or filing returns. avalarahhh ahhh >> it's time for the bloomberg business flash. disney began its second round of job cuts today. that is part of the push to eliminate 7000 jobs this year. the company says that by thursday, 4000 jobs will have been cut. the stretches from burbank to connecticut. it's the end of the line for bed, bath & beyond. they will change all the stores and liquidate inventory. the company failed for bankruptcy protection. that bath and beyond employs about 14,000 people in the u.s.. consumers were willing to pay higher prices for cokes and sodas. in north america, the average price across a mix of products grew by 11%. alix: we want to get to the start up. we go to the top tech stories from the bay area. it's a beautiful morning. joining us is ed ludlow. it's a pleasure. tesla is raising its capex on the high-end, looking at $9 billion. that seemed to surprise the market. >> the shares fell

allspring. purposefully divergent. >> twitter is now allowing users to charge for access to their own content. elon musk we did this announcement on the platform and even said he will offer ama's for his subscriber. joining us is bloomberg's sarah frier. you and i discuss this. just as that we came out, we bought, that is interesting. essentially, for a 12 month. , they are offering interesting terms to content creators. >> they are saying you will get all of the money you will get. the only cut that will have to be taken will be the money paid to the app store for the first 12 months. after that, who knows? it will be part of the revenue proposition, but in 12 months, you can build a community and you could have a lot of tilting of that business to see what happens. i just wonder if twitter is a place where people can get stability because there has been so much tension, so much tumbled between twitter and its creators. since muska took over, they are losing blue checkmarks, and it has been mor

allspring. purposefully divergent. introducing the sleep number climate360 smart bed.t bed in the world that actively cools, warms, and effortlessly responds to both of you. our smart sleepers get 28 minutes more restful sleep per night. proven quality sleep. only from sleep number. ed: an air national guardsmen is being sought by u.s. agents on the intelligence leak. that according to a person familiar with the matter. annmarie hordern and joins us now with the details. what do we know? annmarie: there's a lot of reports right now about this individual. a 21-year-old national guardsmen. the reports are that when these leaks happened, he was stationed at fort bragg. there are still a ton of questions out there. one of them is how and why this individual had access to these documents. in the documents were posted on this discordant chat app months ago. they had marks in them. clearly, they were folded. how did this individual get access and post these document online? that will be one of the biggest questions facing this investigation. also, are there any more leaks out

allspring. purposefully divergent. >> it's time for the bloomberg business flash.e says it's on case for another bumper year of trading commodities. energy products contributed to strong first-quarter performance. glencore is also trying to expand its mining operations. it is in the middle of a fight to by a canadian mining rival. in the u.k., to insurers has become the first -- they have canceled their memberships. one says the cbi is no longer able to represent corporate. the biggest luxury conglomerate is shifting resources out of hong kong. lvmh wants to focus more investment in mainland china cities. hong kong used to be ages premier shopping hub consumers have switched to buying luxury goods in their home offices. dani: let's look at where european markets are trading as we head into the european close. kicking things off with man group. it got a upgrade from ubs saying valuations are really attractive. there were concerns about performance fees, but at the moment all of that is baked into the picture. again and upgrade. also looking at veolia. this one comes

allspring. purposefully divergent. go. go air that runs factory. go sensors and software.o find leaks. go fix-em. emerson technology detects compressed air leaks to save manufacturers, like colgate, over 20% in energy costs. go brush your teeth. go boldly. emerson. caroline: last night, elon musk took to twitter to talk about two hour long spaces conversation with the bbc, musk reaffirmed twitter is operating at breakeven and could become cash flow positive. twitter merged and elon musk was asked if this was a legal thing or there is more to it. take a listen. elon: there is more to it. >> you want to tell us what it is? elon: we are working toward that goal. caroline: it felt like a lot of the audio was like that. you were trying to do all this late at night. ed: he dodged a lot of simple, direct questions about how he felt about laying people off. he reiterated that if he had not done that that twitter would be in a precarious financial situation. he said the advertisers have started to come back and x is the future of everything. there was not a lot we learned. caroline

ann miletti, head of allspring global investments. we will dig into the details. startup is coming.his is bloomberg. ♪ and we can help your business too. qualify your business for a big refund in eight minutes. go to getrefunds.com to get started. powered by innovation refunds. >> it is time for the bloomberg business flash. i am lisa matteo. extra space storage has agreed to buy life storage for $12.4 billion. life storage operates more than 11,000 properties. life storage benefited during the pandemic but demand and pricing power has softened. walmart is trying to boost its e-commerce premier -- appeal. there will website and app launch today. the goal is to entice shoppers with items they were necessarily looking for instead of offering a framework for those who are looking for what they want. goldman fact is trying to offload its raciest stock -- riskiest stock -- bloomberg has learned they are offering $3.8 billion of second -- lien notes at a coupon of 9% and that is your bloomberg business flash. alix: an ecb official saying that half-point hikes are on the cards for me --may

allspring. purposefully divergent. down over 2% despite reporting a solid first quarter. it had nice gains from the consumer unit lifted its outlook for the 2023 year. they are looking at $10.77 a share. cfo joe wolk joins us. you are still cautiously responsible -- cautiously responsibly cautious. it feels you should be more bullish at this point. joe: pleasure to be here with you. in january we were responsibly cautious because of the strength of the business and the great work across the globe from johnson & johnson. we have shifted to responsibly optimistic. we still want to manage and be aware of the macroeconomic headwinds that we had persistent in january. some of those persist but the teams are doing a good job. we have gone from cautious to optimistic but it is a caveat with the responsibility word in front of each. dani: fair enough. and the strength of this quarter comes from the consumer business and from vaccines. both of those are fading from view with the trends of the world and divesting the consumer bu

allspring. divergent. >> you are watching "bloomberg daybreak: asia" from sydney and hong kong. >> we are counting down to the market opens. >> the stories, president

allspring. purposefully divergent. >> return to free klatt -- cash flow.nalysts saying the worst now may be over for the comedy. moments ago i sat down with intel ceo pat gelsinger. have a listen. [video clip] >> the second half of our industry is typically stronger than the first half where we expect that to be the case. i a lot of inventory adjustments are occurring in the first half of the year, in particular we see those finished in the client, the pc industry. we are also seeing projects -- progress through our data center and cloud business, improving inventory position and that is typical of the industry. you go through a sharp decline. you have inventory, a lot of fixed costs and you gradually work through that. we see that as a second factor. the third is, and improving product decision that improves our market share overall. that in particular, our data center business in particular, we have seen q1 is a turning point where a stronger product line, the market is looking at what we are saying for our process and product and say, that is better tha

allspring. purposefully divergent. ed: today's going viral, have you seen this?russian pranksters, posing as ukrainian president volodymyr zelenskyy, according to a video on russian state television. let us bring in kailey leinz in d.c. the call took place in january. kailey: it is making the rounds on russian media and u.s. media by extension today. the pranksters were impersonating president zelenskyy and chairman powell thinking he was speaking with zelenskyy spoke with them about a number of subjects, including inflation and the russian central bank. the fed is saying it is unclear the video is edited, it appears to be. it could not confirm it is accurate and said chair powell participated in a conversation in january with someone who misrepresented himself with the ukrainian president, it was friendly and took place in the context of our standing in support of the ukrainian people. no sensitive or confidential information was discussed. they added the matter has been referred to appropriate law enforcement. this raises some pretty big questions about securit

allspring.sefully divergent. ♪ ♪ the biggest ideas inspire new ones. 30 years ago, state street created an etf that inspired the world to invest differently. it still does. what can you do with spy? ♪ ♪ ed: twitter's legal battles over mass layoffs last fall continue to grow. two more workers filing action complaints. let's bring in sarah frier for more. 2000 making claims. sarah: it is all in individual arbitration, mass arbitration. often, when companies put arbitration clauses into contracts, they expect that they will be able to get things done quietly behind the scenes. in this case, i don't think that's going to work. i think it has become a very arduous and expensive process for twitter. caroline: meanwhile, there have been several people completely baffled by what's happening at twitter in general, particularly around who has got those blue checkmarks and who doesn't. it feels as though there is a lot of chaos in the moment. i want to hear what ryan reynolds had to say last week. >> i do

allspring. purposefully divergent. jon: this is bloomberg markets.th disney suing florida governor ron desantis, alleging he is retaliating against the company for speaking against his policies and threatening billions of dollars in business. caroline hyde joins us with more details. you've been talking to a lot of industry players about the disney development, what have you been hearing? caroline: it is a history lesson, this few dates back a year or so to disney itself taking a stand against a very controversial bill that ron desantis put through in terms of education, many opposed that bill, calling it the don't say gay bill. all of this in many ways was leading to the ousting of the previous leader of disney, who bungled the handling. disney speaks out against ron desantis, ron desantis decides to take charge of the minutes of the authority -- the municipal authority that oversees day-to-day operations at the park. disney out maneuvers them, manages to reduce the power of the municipal authority and be here last week that ron desantis is thinking

allspring. purposefully divergent. >> i'm simone foxman live in the principal room.for president joins bloomberg tv at 5:00 p.m. new york time. this is bloomberg. keeping you up today with the noose around the world, here is the first word. president biden traveling to belfast in northern ireland where the u cape prime minister is expected to greet him as he steps off air force one. leiden will travel to dublin to mark the 25th anniversary of the good friday agreement. a recent leak of allegedly classified pentagon documents about the war in ukraine and u.s. spying may cast a shadow on the visit. for the first time, a woman will be in charge of the uk's cyber spying agency. she is currently deputy director general of domestic intelligence service, i-5. gc hq is there listening post which provides signals intelligence. russia will expand the penalties for draft evaders aimed at fixing the problems exposed in last year's mobilization of reservists to fight ukraine. draft evaders will be banned from leaving the country, adding drivers licenses and buying and selling pro

allspring. purposefully divergent.aroline: spacex starship rocket did not complete its mission on the second launch attempt. it it appeared to explode in the sky after lifting off from the facility in texas. more on these events from bloomberg's lauren, who was at the launch site earlier. elon musk said as long as we don't blow up the launchpad -- they did not. lauren: they've got pretty far away. from the ground it was a spectacular site. well before the explosion happened, we could feel the rumble in our chest of those 33. when i looked at the livestream, not all of the engines were alight so there were problems. we would like confirmation. they did get valuable data from being able to clear the launchpad. but something did not go right to .5 minutes into flight. the stages were supposed to separate and instead they rocket veered off course. caroline: i think we are taking some hits on this line. i will ask one more question and hopefully the line stabilizes. spacex did experience a rapid unscheduled disassembly befo

allspring. purposefully divergent.ores like an angry rhino you've never heard an angry rhino baby i hear one every night. every night. okay. i'll work on that. save $500 on our new next gen sleep number smart beds. plus, special financing. only at sleep number. ed: time for the vc roundup. with the net zero initiatives initiative, a group of 23 vc firms are banding together to figure out how to do carbon i's their portfolios. through this venture climate alliance, they plan to cut net zero out of their own greenhouse gas emissions by 2030 or earlier. the former salesforce ceo, keith bloch, targeting $400 million for the fund. smith point capital will invest in enterprise software at the growth stage among those investing are current any mil -- cunning emailing. caroline: deposit on outlooks. the weight from $50 billion to $100 billion in assets. we are talking long dated securities, mortgages. all of this about an asset liability mismatch for the overall first republic california-based bank has at the moment. i be they

allspring. purposefully divergent. >> the following is a paid program.expressed do not reflect those of bloomberg lp, its affiliates, or its employees. >> the following is a paid presentation furnished by rare collectibles tv, llc. ♪

allspring.ent. >> united states will assert ourselves when our vital interests are at stake but we do not seek to decouple our economy from china's. a full separation of our economies would be disastrous for both countries. it would be destabilizing for the rest of the world. jonathan: janet yellen, the u.s. secretary of treasury, announcing her speech on the relationship between the u.s. and china. from new york city, welcome to the program. on the s&p 500, negative 0.2 percent. on the s&p, yields doing absently nothing. the 10-year yield is unchanged. the u.s. dollar fell by a tent. a bit of euro strength, some dollar weakness. this time last friday, 1.1076 with the new intraday on the year up on the currency. and a current joins us now from washington, d.c.. the bloomberg correspondent now based in washington. we heard from the treasury janet yellen, framing what she thinks the relationship should be between the u.s. and china, and pointing out emphatically there should be no decoupling but u

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allspring. purposefully divergent.d: tesla is raising its price of the model as and model x after steep price cuts which took a toll on profits and weighing down chairs. it is two days after tesla lowered prices on some of its other models, tracking on the moves. bloomberg's rep with us from austin. the narrative does not match the action. tell us what we know about the model s and ask in the u.s. versus what he is saying about strategy. >> i think what we see is possibly a response to some of the pressure on the company as far as all the price cuts they have been sort of throwing at the model why in the model three -- y and model 3. it's import to remember the first quarter of this year was one of the lower court of delivery for the model x and s over the last year and half ago, since they launched the sort of semi-redefined -- redesigned version of those cars. that sort of almost worse counterintuitively. you would think they would want to cut prices to increase demand but i think this is them saying if our numbers a

allspring. purposefully divergent. sfx: [alarm] every day you get to choose. do i want more?dyarmor lyte. more than a sports drink. >>> josh's favorite part of the show, "final trades. >> 3m, a trade for the truly patient. you waited out the litigation and you collect a 5.8% dividend yield. >> exxonmobil. that's a good play on energy >> car max the used car market is going to pick up, because people are buying new cars. >> to matter which tech giant wins in ai, they're buying stuff from nvidia. period >> you had so much time left, josh you're complaining, you're grousing about not having enough time it was fun, guys i'll see you tonight at 5:00 "the exchange" with kelly starts right now. >> melissa, thanks hi, everybody. welcome to "the exchange." i'm kelly evans. here is what is head we have new details on first republic's desperate pitch to save the bank. the window to act is closing fast should the government step in? one of the guests says the answer is yes, and he explains why. and the economy is like a car speeding down the cul-de-sac it looks good right now, but there'

allspring. purposefully divergent. ah, these bills are crazy.itting on a goldmine. well she doesn't know that if she owns a life insurance policy of $100,000 or more she can sell all or part of it to coventry for cash. even a term policy. even a term policy? even a term policy! find out if you're sitting on a goldmine. call coventry direct today at the number on your screen, or visit coventrydirect.com. >>> 22 minutes until the closing bell let's get back to kristina partsinevelos for the key stocks to watch into the close. >> carrier global seeing its shares plunge 7.5% on the "wall street journal" report that it's in talks to acquire a german industrial manufacturer for $10 billion including debt viessmann could help diversify its supply chain. >>> shares of albemarle is rebounds the ceo was on "last call" on friday saying chilean mines would not be affected. >>> sunrun is on the positive list, and enphase has a strong backlog of orders, but not the same kind of love for first solar after citi downgraded the name citing margin risks and concer

allspring. purposefully divergent. >>> hello, everybody i'm contessa brewer.he five adult suspects in the dadeville, alabama, mass shooting appeared in court for their bond hearings. four people were killed, 32 injured in that shooting that happened at a sweet 16 birthday party april 15th each person has been charged with four counts of reckless murder but a motive for that shooting still unclear >>> a private japanese company attempted to land a spacecraft on the moon today but lost communication moments before its scheduled landing. the ceo for the tokyo based ispace company says the landing attempt was deemed unsuccessful since they have been unable to reconnect to the lunar craft if successful, the landing would have made ispace the first private enty to complete the feat. >>> and the fda granting accelerated approval for biogen's als drug that treats a rare form of the disease it requires biogen, and its codeveloper ionis to further study the drug and verify its clinical benefits. if a subsequent trial confirms the benefits the fda can grant traditional a

allspring.posefully divergent. >>> welcome back to "the exchange," everybody a lot more focus on health care and biotech especially after the deal making we've seen lately. here's the call in that vain wells fargo initiating coverage with an overweight and a $46 price target and that's an 80% upside and that price target doesn't even make them on the street they're up about 40% over the past year and clinical trial results from the thyroid eye disease treatment are expected in the second half of this year and bied way, the analysts who cover the stock, every single one of them has a buy rating if for more you can head over to cnbc.com/pro for the story let's welcome back courtney reagan >> a minnesota court of appeals upheld derek chauvin, his attorney said legal and procedural errors deprived chauvin of a fair trial and he is serving a 22 1/2 year sentence for the murder of george floyd. >>> lynn tracy visited wall street journal reporter after he was detained for espionage gershkovich is in go

allspring. purposefully divergent. our customers don't do what they do for likes or followers.heir path isn't for the casually curious. and that's what makes it matter the most when they find it. the exact thing that can change the world. some say it's what they were born to do... it's what they live to do... trinet serves small and medium sized businesses... so they can do more of what matters. benefits. payroll. compliance. trinet. people matter. >>> watching this reversal this morning as the enthusiasm comes off of cpi, holding 4,100, though let's get post-to-post with bob pisani >> an important thing is the cpi was about as good as you can ask for. i think the problem is evaluations right now. it's getting hard to push the market forward we've been talking about these rally in the deep cyclicals, the industrials and the material names. here's caterpillar 209 to 221 or so in the last week, and that's been a big mover up it's kind of running out of steam along with a lot of the other big industrial names but it's had a good run overall here flattish, is what you could say. th

allspring. purposefully divergent. good luck. td ameritrade, this is anna.ion is all over the place, help! hey professor, subscriptions are down but that's only an estimated 15% of their valuation. do you think the market is overreacting? how'd you know that? the company profile tool, in thinkorswim®. yes, i love you!! please ignore that. td ameritrade. award-winning customer service that has your back. ♪♪ choosing miracle-ear was a great decision. like when i decided to host family movie nights. miracle-ear made it easy. i just booked an appointment and a certified hearing care professional evaluated my hearing loss and helped me find the right device calibrated to my unique hearing needs. now i enjoy every moment. the quiet ones and the loud ones. make a sound decision. call 1-800 miracle now, and book your free hearing evaluation. - hiring is step one when it comes to our growth. we can't open a new shop or a new location without the right people in place. i couldn't keep up until i found ziprecruiter. ziprecruiter helps us get out there quickly and get u

at allspring, we break away with purpose. harnessing data-driven insights and boundless curiosity.o build portfolios that redefine what's possible. because investing isn't one size fits all. allspring. purposefully divergent. your shipping manager left to “find themself.” leaving you lost. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates matching your job description. visit indeed.com/hire >> welcome back to "the exchange." earnings season unofficially kicks off later this week with the big banks reporting and while the street doesn't agree on the exact figures when they talk about the overall season they can agree it will be pretty bad. goldman thinks earnings will fall 7% year on year the official tally is for a 5.5% drop some of the worst performers with how we got here include materials whose earnings expect to be down 23% in 2022 healthcare down 19% and tech down about 14%, as well. most of the pain there, by the way, in hardware and semiconductors on the flip side in terms of the positives, consumer discretionary and t

allspring. purposefully divergent. david: dollar-yen, low of the session is about 133.62.s high as 134.29. it was supposed to be a quiet approach to the boj decision, and then the nikkei happened. yvonne: the outflows were roiled, based on what our colleague said. although things have -- we are back to those sort of levels, but there was a lot of anticipation that may be this surprise we saw is going to lead to a lot of potential changes. let's bring in steven chu. it is surprising we had this report moments away from this announcement. >> not really. everybody is waiting for the boj today, and the market has positioned for that. if you look at the yen, everyone is short on the yen. we are talking about 65% of the total shorting of the yen, so everyone is still shorting the yen. any change could cause a royal than the market. if they are expecting a move now into the boj does not want to move at this point, you can see a coming out of the market. david: is that the pain trade because so many people are short? do you agree the market should be short? >> it does not make sen

allspring. purposefully divergent. that's stitch fix. ...and how can you help me? the shopping for you. you tell us your size, budget and style. wait, is it a subscription? no. style for me? for me? for me? always. we'll pick the clothes. you enjoy the great fit. stitch fix. haidi: it is time for japan ahead on daybreak asia. some security companies might move after the prime minister was targeted by an explosive device when he was in japan. geopolitical challenges posed by china are high on the agenda. credit suisse risky bond wipe out. japanese markets opening at the top of the next hour and this is what we are watching when it comes to dollar-yen. the dollar has been trading range bound and a bit mixed in the space in the early part of the sydney trade is so watching for any big moves. shery: japanese drugmaker astellas pharma operates in more than 70 countries. they have cut operating income guidance for the year but analysts are positive with city last week joining the consensus and raising the rating. thank you for your time today. give us some background dri

allspring. purposefully divergent.linda: some relief in the markets on the back of data out of the u.s., adjusting that perhaps inflation has ease. the labor market remains well supported, meaning even if there is a recession there cannot be a deep one. up about 1%, nikkei 225. the kospi is up 0.2%. on the cusp of a bull market. it is risk on here in asia. for now let's do a check on the business flash headlines. exxon mobile ceo received a 52% pay raise in 2022 making his total compensation higher than the ceos of goldman sachs and jp morgan woods paid around $36 million last year, driven mostly by stocks shared by exxon's top five executives. this is compared to the 34.5 billion and the 25 million received by goldman solomon. india's second-biggest subway services fund forecasted sales that lagged estimates. the company says it expects to pose revenue growth in between four to 7% this year. u.s. listed share fell over 9% after the outlook prompted city to downgrade the stock. essentia delaying stock data for some rec

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allspring. purposefully divergent.gital economy rising above levels that part usually contributed to the new class of wealthy indians. according to our next guest, that gives them a huge opportunity. ashish kehair, managing director and ceo of nuvama group. thank you for joining us. give us the opportunity that presents itself. ashish: the opportunity in india , the digital economy is booming. there is affluence all across, and it has happened the last 10 to 15 years. people go into the business community that come into wealth. there are opportunities where people can invest and that has transformed the last 20 years. if you combine these three, it is an important combination to see how we are growing, and in my view, it has just started. even now, a large part of client savings have various investor revenues like deposits, and migration is set to happen. the next decade or so, this opportunity is here to say -- stay. >> we have seen tax changes in india recently. has that pushed some kind of asset classes the forefron

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allspring. purposefully divergent. i screwed up. -mhm. allspring. i got us t-mobile home internet.l phone users have priority over us. and your marriage survived that? you can almost feel the drag when people walk by with their phones. oh i can't hear you... you're froze-- ladies, please! you put it on airplane mode when you pass our house. i was trying to work. we're workin' it too. yeah! work it girl! -woo! i want to hear you say it out loud. well, i could switch us to xfinity. those smiles. that's why i do what i do. that and the paycheck. >> it's incredible how quickly the lending market is shutting down and we are worried about whether the fed will raise rates 25 basis points. >> from the fed perspective, their concern is this wage/price spiral. >> we've been calling for a tighter fed and that will surprise you in some way, shape or form. >> i think you will go into a second-half recession but not all recessions are created equal. >> i think we will find it hard to get back to 2%. i think that is going to be where the rubber hits the road. >> this is bloomberg surveillance wit

allspring. purposefully divergent. ah, these bills are crazy.ea she's sitting on a goldmine. well she doesn't know that if she owns a life insurance policy of $100,000 or more she can sell all or part of it to coventry for cash. even a term policy. even a term policy? even a term policy! find out if you're sitting on a goldmine. call coventry direct today at the number on your screen, or visit coventrydirect.com. >>> good thursday morning. welcome to another hour of "squawk on the street. i'm carl quintanilla with david faber live at post nine of the new york stock exchange. sara eisen is on assignment this morning. we're going to see her later on this hour. markets, of course, lost some of the cpi gains on wednesday another shot today as ppi comes in a little bit cool year on year, up 2.7, down from the 11% last year. >> we are 30 minutes into the trading session. here are three movers we're keeping an eye on. we talked about a number of these not long ago goldman sachs, for example, reiterating the sell call on netflix, this as that company he

allspring. purposefully divergent. jon: this is "bloomberg markets."s away from the release of the most recent beige book that could help us understand the impact banking turmoil could have on the economy. aside from the curiosity over where rates go from here, the fact that we have been navigating through banking turmoil, does that increase the attention on the beige book? i think it does. the informational value from the beige book is limited given that there are no numbers that come out in it, but at times like this when there's a lot of uncertainty in the wake of what's going on in the banking episode, this report probably takes on more added importance. in addition to the typical neighbor market, inflation -- labor market, inflation, and economy, we can hone in on and see where things are in the banking sector. this beige book will cover conditions from all of march through about april 10. it will give us a initial reaction of the fallout of the private economy on the recent banking episodes. how much are the banking episodes weighing on the econo

allspring.divergent. >>> it's time for jim and stop trading. >> one of the things close to watch whether the government will reimburse for the expensive all timer zer's drugs. senior executive of lily said medicare would pay for everything and that would be a nice reimbursement lily has a formulation, not seen real numbers yet, but the drugs are expensive, but the disease is horrendous and i regard this as being a sign they would not say this unless they have -- it would be covered [ inaudible ]. >> the biogen drug not met well at all was not something the government was willing to pay for. >> this is a nice reversal of course is lili -- lily is right. the research i've done through the brain foundation you have to start on them early if your relatives or mother or father have it, but that said, we have so little on it that people -- it's buffalo those things is -- just compassionate use. >> detect early signs of alzheimer's would be helpful too. >> you need biomarkers the reason i have ben on f

at allspring, we break away with purpose. harnessing data-driven insights and boundless curiosity.o build portfolios that redefine what's possible. because investing isn't one size fits all. allspring. purposefully divergent. >> free cash flow a problem for amazon the past couple of years. last year they had $12 billion of free cash outflow and there are three things driving that. weak profits and so we are starting to see some improvement coming through but it is very slow. inflation headwind should ease. jonathan: the global software analysts earlier on this morning following numbers out of amazon to wrap up big tech for the week and push ahead to apple next week. amazon came out with what looked like decent numbers. the stock rallied after the close yesterday and all of a sudden rolled over as they signaled a loss of momentum coming into q2 may be a softer april for the cloud business. amazon down about 2.4%. the last of the big tech players to report this week. the guidance is not great. if you can call but we heard yesterday guidance. tom: not caution but he pulled back 12%, -

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at allspring, we break away with purpose. harnessing data-driven insights and boundless curiosity.m every angle. helping to build portfolios that redefine what's possible. because investing isn't one size fits all. allspring. purposefully divergent. >> our forecasts are significantly better than the imf forecast. last year, we were the fastest growing economy in the g7. we are confident about the u.k.'s medium and longer-term prospects. >> what jeremy hunt recognizes is we have had a substantial upgrade for u.k. for this year. we have not gone as high as may some of the other -- we have seen based on better-than-expected in the u.k. jonathan: just a tiny bit of tension between the monetary fund and the rest of the world, that is one snapshot example of that with jeremy hunt, chancellor out of the u.k. and the imf first deputy managing director in washington, d.c. from the nation's capital this morning, good morning. your equity market is shaping up as follows on the s&p 500, unchanged. we will continue these conversations around the imf as we wrap up our coverage. and look ahead to

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allspring.at market pricing it's essentially a probability you of the world so the fed cutting 25, 50 basis points before the end of the year there is a much higher probability it's went to cut 100 basis points if there's an accident or because zero if inflation is sticky. it's a weighted average of that. jonathan:. to put it simply he's not the only one saying that we have also heard. thus the thing for later on the theme right now earnings let's talk about the market more broadly on the s&p 500. -0.5% ups, a little bit earlier on this morning missing with some expectations. annual sales coming in at the low end of guidance as sales slow. 3m doing a little bit better off the back of job cuts 6000 jobs to go over three and potentially so that's the latest news for them and a little bit later after the close we will hear from microsoft, we will hear from google the bright spot is will came from gm general motors gm this morning the stock is up a little more than 3%. tom: as they transition from f

allspring. purposefully divergent.energy that our world needs. ♪ welcome to a new era of energy. >>> apple is working on an artificial intelligence coaching service as well as new technology for tracking emotions that's according to a bloomberg report it's designed to keep users motivated to exercise, improve eating habits and sleep better it would use ai and data from an apple watch the make suggestions and create coaching programs tailored to specific users the report says the service is tentatively planned for next year. >> is it any different than -- i've got my aura ring that tells me what to do on any given day. >> leave me alone, god. >> by the way, this kind of service -- >> exercise, don't eat that. it's like i get that already. >> it all right exists i don't know what they're talking about. that's a different story. >> she's right. >> she s. >> i don't need a freaking watch telling me that, piling on. >> it's your own problem. >> it's not a problem. that's why i look so good. >> yeah, absolutely. absolutely >

allspring. purposefully divergent. (announcer)ring. just taking one golo release capsule with three balanced meals a day has been clinically proven to repair metabolism, optimize insulin levels, and balance the hormones that make weight loss easy. release works with your body, not against it, so you can put dieting behind you and go live your life. head to golo.com now to join the over 2 million people who have found the right way to lose weight and get healthier with golo. tom: interesting earnings this week. van de -- mandeep singh was outstanding. watching futures, up now. we have to wonder out at the 8:30 our with economic data. durable data. aircraft reporting today. michael with the data. what is x aircraft? michael: it means you take out boeing. it costs a lot of money to buy a jet. here are the numbers for the durable goods orders, up 3.2 percent after a 1% decline in the prior month of february, rather amazing. the forecast was for just .7%. i will guess a certain amount of it is boeing. durables x transportation is up .3% aft

allspring. purposefully divergent. >>> good morning and welcome back to "squawk box.e from the nasdaq market site in times square. taking a look at the futures, you're going o see some red arrows across the board. dow futures down by 145. nasdaq down by 45, s&p futures off by 22. >>> earnings coming in at a dollar a share for citizens financial. revenue roughly in line at $1.3 million, this is the important part, falling 4.7% compared to the previous quarter that stock down. you're watching it in real time here down about 6.37%. >>>st. louis fed president jim bullard says recession fears are overblown and the fed should continue raising interest rates to counter inflation, bullard making those comments in an interview with reuters yesterday. joining us now, peter boockvar, a cnbc contributor on the fed, we now know for a fact there is quite a bit of division on what some of the different players are thinking amount this point, austan goolsbee on last week intimating he would pause right now he wanted to wait to see more data, but his body language was he thought maybe