guy: annmarie, great reporting. bloomberg's annmarie hordern joining us from poland.ive context, the prime number was plus 4.7, which will be revised higher to 4.6. this number -2.1%. coming up, back to the markets back to inflation. callie cox will be joining us. this is bloomberg. ♪ pres. biden: that dark night one year ago, the world was bracing for the fall of kyiv. when you later, -- one year later, kyiv stands and ukraine stands, democracy stands. the americans stand with you in the world stands with you. ♪ ♪ ♪ - if you're thinking about going back to school 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. - 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. - [narrator] visit snhu.edu. >> i don't think they can get cpi to 2% without squashing the economy, but that is because 2% is not the right target for the economy. w

annmarie: they are mixed.the wall street journal report, four other agencies still judge it is likely the result of natural transmission. the fbi and energy department are on one end and there is the national intelligence and four other agencies on the other end. i don't have an answer. tom: how will the chinese respond? do you have any inkling? is this just a further affront to china? annmarie: china will respond as they have been that this was not a leak on purpose or this didn't even come from a lab. that is how china will continue to respond, i imagine. when you are hearing about lawmakers ask about this, a senator from alaska said that china will lie to the international community. jonathan: jake sullivan also addressed providing lethal aid from china to russia what have we learned? annmarie: what we learn from jake sullivan and the president being to reporters is that they do not see china acting on that right now. but they do see is jake sullivan said it is still on the table. the conversation in europe

annmarie: i think we will.dress on the heels of the dnc to give the green light for south carolina to start the primaries. new hampshire has a state law that says they must go first. they are not backing down. if president biden, the one who pitched this idea, is able to get this done, this means he is for sure the candidate for 2024. we heard ron klain made the reference yet again, not if, but when you run for president, he wants to be on his side. biden is preparing to make that announcement. it is likely to come in march or april. lisa: domestic concerns for him, but also internationally. joe was talking earlier about the battle of perceptions from both the u.s. and china. where is president biden going to sit on this, how much will that be part of the state of the union when it comes to addressing what kind of tact the u.s. will take with businesses and doing business in china? annmarie: what you have seen from the biden administration is a similar approach in the trump administration. trumpcare era tariffs

annmarie: it is difficult. business community is entrenched in doing business in china and making sure they are part of china's reopening, the growth story and china. at the same time, the administration is trying to put part rails on all parts and all avenues of this relationship between the united states and china, whether or not it is business, national security. at the same time you are talking about apple looking at what is going on in china, you have news out the philippines and u.s. are going to start once again joint drills on the south china sea. it is a difficult moment to balance. tom: help me, here. lisa: tom does not agree. tom: it is not that i do not agree. to be blunt, i grew up with it. to be as direct as i can, it is a balloon. it is not going to turn over montana and spy on the eagles training camp for the super bowl for the kansas city chiefs. it is a balloon. it floats over ferro's apartment in new york and a couple of days. it goes over the atlantic ocean. where does it end up? portugal? a

annmarie: there is that feeling.he president mentioned buybacks and dividends in his estate of the union speech. -- in his state of the union speech. this is something he president talks about 20 talks about big corporations. the chips dividends, there are not only buybacks but social provisions. if you are using these grants, giving to us and ensure there is some sort of daycare place -- then you need to make sure there is also some sort of daycare place to take care of children. there is a policy angle. countries of concern, you cannot be manufacturing in a real sense if you take this money. the administration is happy to invest in this industry, but there will be strings attached. jonathan: picking up on and the transcript line from the president's state of the union, "we will need fossil fuels for a while." the republicans then left. what does that mean what he says we are going to need a for a while? what do you think the crude energy suppliers are thinking when he says that? annmarie: i think they are thinking

annmarie hordern joins us now. i will cut to the chase. american dream out there for ukraine, for eastern europe, etc. what is the american dream? you have been so good in london and here. what is our american dream for ukraine? annmarie: i think the first step really is with the u.s. wants to see is russia leave the territories they are occupying and illegally annexed from ukraine. there was some serious -- tom: crimea? annmarie: crimea is this interesting place. many russian people really do see crimea as russian. but there has been more talk. a new york times article about a month or two ago that the u.s. is considering and warming up to the idea of ukrainians attacking crimea and taking crimea back. 100%, that is the u.s. during. crimea included. the first step is to make sure they can push russia back in the worst fighting areas, which is these are parts. that the eastern parts. tom: the american dream, doesn't mean thousands of american soldiers across the eastern front of russia from finland through the baltic states, germany, then

joining us is annmarie hordern. they expect the president to proceed over the coming days especially in his state of the union address tomorrow? annmarie: this is going to be difficult for the president to ignore at the state of the union, not just china surveillance balloon but china at large and what is the relationship, this bilateral relationship between the two biggest economies going forward. especially as the president has been dealt harsh criticism by republicans in washington who think it should have been shot down sooner. the president was clear this weekend talking to reporters, he wanted it shot down wednesday but went with the advice of the pentagon who talked about the risks of potential every. we are waiting on a number of questions regarding this surveillance balloon. it was shot down off the coast into the atlantic ocean. they need to find out what the spy capabilities were on this. another question being asked is whether or not any of that technology is sourced back to u.s. companies grade when it

annmarie: that's not true. jonathan: that is true. think i also sent you ice cream for your birthday. jonathan: a day late. happy birthday. this is an incredibly sensitive time. lisa: what are we talking about? jonathan: it's an emotional time. tom: i'm glad you brought up the gallup hole. the state of the union, we talk to elites and there's a whole another world that this president is trying to address and frankly, the republicans have a huge vested interest. the republicans have a rural, conservative vote in a gets lipservice within the major media including us. lisa: one of the most noteworthy aspects of last night trying to wrangle the republicans -- was kevin mccarthy trying to wrangle the republicans. where is the gravitational pull on both sides of the aisle now? jonathan: the biggest division in congress is within the two parties and not between the two parties. that will be a problem for president biden and the problem for any republican who wants to unite this party in the primaries. tom: somebody yesterday dez yesterday sa

annmarie: if he does not start his speech with this, i will be shocked.bout how the economic part of the speech is front and center and it will be a major theme. he wants to convey to the american people that the economy is getting to a better place. inflation is starting to come down in the jobs market is picking up and there is this indo for a soft landing. that's why we want to hear what jay powell has to say because he will be the one to be more of a predictor because the president will not but potentially jay powell will get more insight on that. tom: how do they treat ukraine? it's almost a second-tier part of this with china and the rest of it. do you expect republicans will sit on their hands when the president mentions this war allies? annmarie: the ambassador will be sitting next to the first lady as she did last year. last year, the speech was rewritten six days before it was given and russia invaded ukraine. that's why it was forefront last year and it still going to be a major part of a theme this year especially as this present faces a divid

annmarie: some sanctions are working. what will happen when they have to have new technology and they cannot get access or they need new parts for their planes? china will have to start doing that. because they are still able to sell a lot of these products, especially commodities, they are still able to fund this war. it is biding but to your point but it was not as rapid as many were expecting. guy: thank you very much for stopping by to see us. annmarie hordern. coming up, the global impacts of the war in ukraine. themis themistocleous of ubs wealth management will be joining us. my greek pronunciation is usually really good. this is the conversation coming up next. this is bloomberg. ♪ when you automate 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 guy: one year in. marking the beginning of the war between russia and ukraine. 12 months later we take stock of the impact on food and energy prices, inflation and th

annmarie: the u.s. continues to say this line which is there is no talk about peace in ukraine without ukrainians at the table. so when you have the likes of china coming out with a proposition plan called cease fire is being admissible by many. european capitals and washington, d.c. and ukrainians themselves. it is a good question because many are asking what is the end in sight especially those in capitol hill who want to know how much longer we are going to see the u.s. sending billions of dollars. but a few moments ago we heard from mitch mcconnell coming out with the plan saying the united states needs to continue funding ukraine and needs to continue this united front with nato. he says this is actually protecting american security. it's a great question because the polls show one year on that they are losing some of the motivation from americans you saw in them initially. guy: china has been cautious so far does that continue? annmarie: yes they talked about their relationship being solid as a ro

annmarie: the west is saying they don't have a leg to stand on.as a united nation's proposal that was a peace proposal but it did say that russian troops would have to leave ukraine. china abstain from this yesterday. all of these things china is talking about in this 12 point plan they have already said. jake sullivan said yesterday they could've just stopped at one which is that they had to respect the sovereignty of all nations. what china is trying to do is look like a statesman but we have talked about this. xi jinping has engaged with the top levels of the russian government. this relationship is rocksolid and they have built upon this no limits relationship but behind-the-scenes, china has not dealt with the ukrainian people. it puts them in an awkward position. they can't come out and say they're against it because they know china could put the weight on putin. jonathon: we will keep this coverage going through the morning and catch up with them in an hour. let's go back to the reporting from der speigel that there are talks between russia

annmarie: we only have one running for 2024.e have reporting out overnight that nikki haley will be announcing her campaign favorite 15th. she is the first -- february 15. she is the first of her former bosses. she is the first that is not to make this former announcement. she recently said, jonathan brought this up the other day when she was interviewed on fox news. you have to look at the situation right now. those of the leadership match the current problems? she did not think it did. she think she can be the want to left the moment. she is getting in the ring. lisa: former president trump thinks he can match the moment. what is the likelihood he can forge independent race, which really might be somewhat the democrats best option? annmarie: trump, if he runs, he is running on the republican ticket. the fundraising has been lackluster. the new york times goes to the data perfectly this morning in terms of sizing him up versus past early days with the presidential race. you do this with timing to know you can bring in those cam

annmarie: of course he does.st 9 is made up of former sufi it -- soviet union states and those of the dissolved warsaw pact. this is estonia, hungary, poland. this is the same group of countries that met the day after putin decided to invade ukraine on february 24. they met on february 25. their concern was who will be next. this group was also started after putin's aggression and annexation of crimea. this group started in romania. it was between the romanian leadership and poland because of putin's aggressiveness toward ukraine and, most notably, the annexation of crimea in 2014. lisa: as we see this split screen of the meeting happening where you are in warsaw, there is a question about the business ramifications. there was news overnight of china's authorities encouraging estate owned enterprises to avoid the big four auditing firms, to avoid possibly leaking information. at what point do you see a willingness on the part of western nations to sort of hard in the business lines, aside from rhetoric internatio

annmarie hordern sent this from warsaw.rie: as ukraine preparest a marked one year of russia's invasion, president biden given historic speech here in warsaw, saying ukraine will never be a victory for russia. pres. biden: a dictator will never be able to needs the people's love delivery. brutality will never grind down the will of the free. and ukraine, ukraine will never be a victory for russia. never. annmarie: his speech comes just hours after president putin spoken moscow going to continue his invasion of ukraine, saying he is going after these, quote, "historic lines. president biden in warsaw was committed to keep the funding going to ukraine as well as what he called "an ironclad commitment to article v" president biden is sitting down with members of the nato alliance on the eastern flank. in his speech, the president also talked about more penalties and sanctions against russia coming later in the week. annmarie hordern, bloomberg news, warsaw. yvonne: the wall street journal meanwhile, reporting that chinese pres

joining us is annmarie hordern. through the conversations happening now. >> the biggest takeaway of this is this means antony blinken and state department has come out confirming a bloomberg news group that he will not be making this trip. there has been a lot of political capital put into this trip that secretary blinken would make. the first from the u.s. secretary of state since the frosty one that mike pompeo took october 2018. now that is off the table. the u.s. says because of what happened in terms of china violating its sovereignty with this surveillance balloon. a number of questions we are still asking about the actual surveillance balloon itself. where is it now? these discussions were happening wednesday and that is when it was spotted over montana but where is it now? there's been a lot of pushback on the hill from republicans. you heard from senator marco rubio who is the top republican on the senate intelligence committee saying that plane -- that balloon should have been shut down. we are waiting to

annmarie hordern joins us now. and maria tadeo. focus on what we see domestically. i have to go to the headlines and generalize about jets over ukraine. the idea of a visit to the united kingdom. i would know a typhoon from a typhoon jet. how close are we to jets being used by ukraine in their war with mr. pruden? -- putin? maria: before we get into that, the mystery has been revealed. float a mere zelenskyy -- volodymyr zelenskyy is in the building. he has done london, parents and today it is brussels. the debate around the tanks has settled and ukrainian say we need planes. that was the message in the u.k. and yesterday in paris and probably the message today. for an international audience, the idea he is here for ukraine is useful. he will get face time with 27 heads of state. the top european institutions in the same place. beyond that is the message to the european audience. every tv and newspaper will show what's going on in brussels. we are waiting to hear the results of the meeting. he will respond and say we need those wea

annmarie: it's a great question. months , you would be hard in washington dc to find anyone who does not want to take a hard stance on china. so i think what you can see there is this would tip congress into wanting to fund that support. we've seen time and again from republicans and democrats as they want more to be done in combating china and send more support and aid to taiwan as well. jonathan: thank you for the coverage there. it's a different question not talking about the economy and we are talking about reaction. tom: i'm looking at the feed here from putin's speech which has had less coverage because the pomp and circumstance in warsaw and it's interesting to see other historians saying the word that was used was alternate reality is what we are dealing with here. i think there should be more attention to what mr. putin said in this lengthy speech. jonathan: equity futures down. bond yields a little bit higher, economic data in europe better. u.s. data still to come later this morning. ♪ at morgan stanley, o

annmarie hordern joining us. how do you think the russians will respond to this trip? >> we have not had any formal response. it has been quite in the kremlin although they were given a heads up the present was going into ukraine with the message to leave him alone as he did. there has been reporting from state media calling this a stand , being dismissive of it. otherwise, radio silence from the kremlin. the russian president cannot be surprised this trip is happening now. equally, he probably is unhappy about the level of solidarity shown by the u.s. and other countries with ukraine. a very symbolic moment to be on the ground with the ukrainian president so close to the one year mark. the kremlin may opt to brush it off. the key thing for russia is the president is giving his own big speech tomorrow in the kremlin. we want to see what he says in terms of his perspective on the church directory for the conflict. guy: what are we expecting from the speech? >> probably a lot of fire and brimstone aimed at a domestic audience. the kremlin has been changing its rhetoric i

murray -- annmarie hordern told us more about the trip.enrico -- >> in dramatic fashion and a trip surrounded in secrecy, president biden made his way to kyiv, ukraine and of the one year mark of russia's brutal invasion. president biden met with president zelenskyy and other advisors and announced 500 million dollars more going to ukraine and said later this week there will also be fresh sanctions on russia. i spoke with the u.s. ambassador to poland about this trip. he says it was a defining moment for the biden presidency. >> the u.s. president joe biden quite bravely took a trip to kyiv. a lot of risk. the message is, don't doubt our commitment to the people of ukraine. >> president biden will head to poland where he is scheduled to give a major address. in this, he will continue to talk about what he calls the unwavering support for ukraine. it comes as many are concerned about war fatigue as this war has now been lasting 12 months and many are preparing for prolonged conflict. haidi: bhp has launched its dividend rise after softer co

. >> annmarie mcauley is part of mothers against drug addition and death.ays unfortunately gilmore has seen a spike in federal use. across the south bay there were 135 fentanyl related deaths last year though it does not include december. nearly double from two years ago . five years ago there were 11 fentanyl deaths. she argues there needs to be more rehab and detox centers to help people in need. >> we are all affected and people are just starting to come out now and be honest about it and talk about it because here it is. it is at our front door. >> the sheriff deputy said they collected evidence at the home on the street last night and if they can link it to a fentanyl dealer they will hand it over to the das office and recommending homicide judges. >>> and man accused of being on a mission to kill cops is in jail. the encounter happened in san jose last friday night. today sjpd released new video of the encounter. this gives a the video shows a man getting out of his car after running a red light. then firing at the two officers who pulled him over. no

we are going to have you back annmarie horton, thank you very much for your time.k, i will be joined by ohio congresswoman emilia sykes. we are going to take get her take on the response to the train derailment disaster and be reporting about potential republic lcongressional investigations. stick with us for this interview. terview. to sleep, so when our windshield cracked, we needed it fixed right. we went to safelite.com. there's no one else we'd trust. their experts replaced our windshield, and recalibrated our car's advanced safety system. they focus on our safety... so we can focus on this little guy. >> singers: ♪ safelite repair, safelite replace. ♪ ♪♪ inner voice (kombucha brewer): if i just stare at these payroll forms... my business' payroll taxes will calculate themselves. right? uhh...nope. intuit quickbooks helps you manage your payroll taxes, cheers! with 100% accurate tax calculations guaranteed. a ballet studio, an architecture firm... and homemade barbeque sauce. they're called 'small businesses.' but to the people who build them there's nothing '

ambassador to poland speaking with annmarie hordern.ing up next one of the highlights of the latest transitions outlook on the commodities that will drive the world's shift to net zero. this is bloomberg. ♪ yvonne: time for our focus on the global green energy transition. today we're going to look at the metals needed in technology that will help drive the world toward net zero emissions. bloomberg and a fcc's demand for $10 billion worth of such materials through 2050. let's bring in the bloomberg any of metals analyst. tell us which metals and minerals exactly are leading the pack in terms of growth potential. >> of course paired technologies that will power the global energy transition. we consume roughly five times in 2050 than they do today. among the metals, steel and aluminum are going to be seen the highest demand in terms of absolute volume in 2050. for those that are thinking in terms of value copper will present the most precious opportunity with an estimated three point $4 trillion of the middle needed to reach that zero. yo

annmarie: that is right, we did see the nasdaq and philadelphia semiconductor index dropping the lowestce january after we had to beneficial sling the case possibly for higher rate hikes in the months ahead, the cleveland fed president and the st. louis fed president, they say possibly 50 basis points could be possible. with high inflation numbers in the latest ppi numbers in the u.s.. these of the tax= -- tech and medic cap's -- megacap's. and other sectors the military stocks, given that we have seen china imposing fines and sanctions against to u.s. defense companies, lockheed martin and a subsidiary of raytheon technologies. in terms of the investor reaction we are seeing a little bit lower at the start of trade. we should note that what bloomberg intelligence says about this. essentially these measures are not expected to disrupt operations given that the subsidiary targeting is the missile defense sector does not have much at all going into china. still we are looking like a risk off the across the board. haidi: we continue to watch the adani group trying to reassure investors. we

annmarie: -- mandeep: even though remote work is something that was forced by the pandemic, it is notthe nature of jobs will evolve, how you go about doing your work will evolve, and i think ai and technology has a big role to play. talk about how much productivity you can get through zoom, and you have to think about generated ai or whatever comes in terms of processing of data, large-scale processing of data, and i do think some jobs will get automated but there will be a productivity boost. that is why companies are important in terms of what they are trying to do. time will tell. social media will have the use cases of ai and what is going on in the semiconductor world. lisa: let's talk about catchy petit and how involved it is. microsoft eliminated some emotional responses to people, and on february 17, they started doing this after responses included repairing a reporter to hitler. another said, you are not happily married and you are in love with me. what is the development and how advanced is this? mandeep: you have to think about how the models are trained. although we are ta