that's the autonation story.ith the auto sector, driving a new mercedes-benz may become a distant dream for many outside of the most affluent. the average price of a mercedes reaching more than $76,000 last year, a 43% increase over 2019 levels. there is this growing trend of certain carmakers going for fewer -- fewer overall sales but higher overall price tags. kriti: it's almost the opposite of what these other car companies are doing. ford and gm say they have to amp up their volume to decrease the prices but there is something to creating an elite demand for high-priced vehicles. jon: i know you are in that 1% group but it's something we have to watch. those batteries are pretty expensive for the electric vehicle market as well. in the airline industry, we will talk more about what's happening on that front coming up. air canada is out with results and we will break that down next. ♪ go. go brain. no, not that one. go this one. go optimizing data. go efficiency. go results. emerson's plantweb digital ecosyste

, turkmenistan and uzbekistan to the city of alma-ata, the travel time is more than 20 days in the autoney talked about plans to build large logistics hubs on the border in all main directions towards russia - these are centers of cross-border trade. eurasia with china border complex khorgos junction in the direction, kyrgyz industrial trade and logistics complex is still in the international center, industrial cooperation central asia on the border with uzbekistan , also in the west of the country there will be a container hub caspian hub, and more about cooperation russian lukoil will become the main contractor in the development of the kazakhstan field column from the sea to caspi lukoil and kazmunaygas will receive 50% of exports. please tell us more about this project. yes, these are the fields that have been discussed for a long time, and they were planned to be developed jointly with the russian side. this is khazar kolomkas sea. well, three projects were named, including the auezov block. these offshore fields have a very long history and a lot was signed in various documents, in

. >>> in 60 seconds, close calls autonation on the nation's runways, raising concerns among aviation officials and passengers. what's going on? we look beyond the headlines next. real people with psoriasis look and feel better with cosentyx. don't use if you're allergic to cosentyx. before starting get checked for tuberculosis. an increased risk of infection, some serious and a lowered ability to fight them may occur. tell your doctor about an infection or symptoms or if you had a vaccine or plan to. tell your doctor if your crohn's disease symptoms develop or worsen. serious allergic reaction may occur. best move i've ever made. ask your dermatologist about cosentyx®. ♪ this feels so right... ♪ adt systems now feature google products like the nest cam with floodlight, with intelligent alerts when a person or familiar face is detected. sam. sophie's not here tonight. so you have a home with no worries. brought to you by adt. (psst psst) ahhhh... with flonase, allergies don't have to be scary. spray flonase sensimist daily for non-drowsy, long lasting relief in a scent-free, gentle mi

autonation -- international -- american international group happens to be down.ext week on monday, american markets are closed for presidents' day. on tuesday walmart and home depot report. on wednesday fed minutes. friday pce. alix: thank you so much. david malpass is coming up on balance of power. have a good weekend, this is bloomberg. ♪ the first time you made a sale online was also the first time you heard of a town named... dinosaur? we just got an order from a dinosaur, colorado. start 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. >> from the world of politics to the world of business. this is "bloomberg: balance of power," with david westin. david: from bloomberg world headquarters in york and to television and radio audiences worldwide welcome to balance of power. we look at the next week when the g20 finance ministers in central banks will be meeting in india. it will be talking about debt relief for

a minsk pedestrian trappelled an auton renault driver hiding in dunin street to martinkevich and yankee here neona is on the sixty- four-year-old zhongshina yaka and prosyakala, travel overnight on unregulated pedestrian pass vanika dtz, jan-jina tore off injuries, i eat vitalized on the fact of health, a check is being carried out. resistance he is not throwing out of his mouth and the dude of the driver the despondency of the evasiveness to reduce thinness in front of the pedestrian steamboats. and i’m a mummer’s ruhu wart and about the canadians biosphere. my hasty yard rules fire armor jakhora minsk awards will be on the basis of preventive promotions of the mobile applicu. oggy deploy right at the yards. so in the moscow district of the capital, selfish parades, questionnaires for communal jelly, publishers, together with the gas, service and physicians specialists. guessed to the zhikharams the rules of fire armor, demonstrated special equipment and aura fitting, cyberspectrums for children were organized in the format of interaction and quizzes. i would like to see such events mo

export prices 30 minutes' time the numbers as soon as they hit the tape earnings also on deck deer autonation a double beat earnings revenue above expectations amc networks out before opening bell waiting on that report stocks lower yesterday two federal reserve officials suggested 50 basis points hike would be appropriate at next meeting happening in a few weeks, the dow industrials, said and done down 431 points, nasdaq down 215 s&p down 57. o goldman sachs expecting three more hikes from the federal reserve, the nasdaq snapped a 3-day winning is it streak yeern markets under pressure this morning eurozone looks like this ft 100 down 16 cac quarante down 33, dax right now lower by 115. in asia overnight red across the board hong kong biggest weak spot hang seng down 1 1/4% breaking news only here chinese communist party is coming at america from land and air. i have learned in the rio grande valley alone border agents allowing up to 30 chinese nationals a day to enter america with notice to enter entering with no questions asked after paying 35,000 dollars a head for dangerous drug cartels

they're downgrading sonic automotive, also down 7% both sonic and autonation hit all-time highs lastcarvana is the biggest laggard, shares plunging over 10%, this ahead of earnings out on thursday the company also says they hit their ten-year anniversary today. happy birthday >> not a happy one thank you. kristina partsinevelos we'll see you in a little bit. stocks are down sharply. some are saying even more weakness is ahead in coming weeks. keith meister is the founder and chief investment officer what is your general view of where we are right now >> we're micro investors, but we need to let the macro inform the micro. last year was about the move from qe to qt and this year will be about the move from interest rates being zero to some higher number over the last six weeks, the terminal rate for fed funds has increase chris christied by 50 basis points, and the data that's come in says the fed has more work to do. my sense coming into the year is sort of unchanged, a choppy year, a year of dispersion the markets repriced a lot last year thought this was going to be a tough year i

go look at reaction to autonation on their earnings and the group auto dealers right now. go look at reaction on deere, that had a very strong earnings and sales report. that is the type of things that i am looking for. i have not bought them yet. be careful of the sea gates where the stock skyrocketed on 93% drop in. it is all in the long run all about growing earnings and sales. without that you end up with dead, comatose stocks. charles: i'm so glad you brought that up. there is a distinct difference between beating consensus, truly, truly growing a business. >> bingo. charles: a lot of folks on the street complicate that. gary, my friend, appreciate it. >> take care. charles: meanwhile, folks a lot is made in this country in general about distribution of wealth, right? listen the so-called equity thing that's going around, it is at the heart of every political economic conversation, in fact out of almost all the decisions made in washington, d.c., these days. look at this chart. it underscores the problem. go back to the 1990 the middle class had 38, 39% of total wealt

eastern we will get to those as soon as they hit the tape earnings on deck dear, autonation and amc networkll out before the opening bell this morning. stay here for those numbers, stocks close down after two federal reserve officials suggested a 50 basis point hike would be appropriate at the fed's next meeting in two weeks. higher than what many are expected to between five basis points the dow industrial all said and done down 431.1 and a quarter% lower the nasdaq to get a bigger hat down one and three quarters% down 250 points lower on the nasdaq s&p 500 down 57. the nasdaq snapping a three-day winning streak. european markets tracking like this the s&p 120 points, the cat kind on 52 and data entry dax index down by 40 points. in asia red across-the-board hong kong the biggest weak spot with the decline of wanted a p8%.the chinese communist partys coming out america from land and air. i learned in the real going under green valley alone border agents are allowing up to 30 chinese nationals a day into america with just a notice to appear meaning they are entering america with no question

still autonation doesn't expect sales to return to pre-pandemic levels. grossed profit on new cars fell 13% from a year earlier. consumers continue to borrow more to fuel their spending according to the new york fed's household debt and credit report . americans racked up nearly $1 trillion in credit card debt in the ford order. the 61 billion increase was the biggest since 1999 and missing payments with delinquency rates surpassing pre-pandemic norms. a bidding war could be blooming. investors including the former prime minister and text head of the authority are preparing a $6 billion opening bid to acquire the football giant. british billionaire jim radcliffe has lined up financing. global news 24 hours a day on air and on bloomgerg quicktake. powered by more than 2700 journalists and analysts in over 120 countries. i'm lisa mateo, this is bloomberg. bloomberg. r a payroll tax refund of up to $26,000 per employee, even if it received ppp, and all it takes is eight minutes to get started. then we'll work with you to fill out your forms and submit the ap

and these are millions of losses as of february 23 in poland there were more than 150 kazakh autons, more than 100 more went in the direction of the european union, the only alternative route through the caspian sea , but at the same time, the distance increases by one and a half times, and the cost of transportation by 2-3 times due to the forced use of several types. transport in grodno of the consulate general of poland, a picket was held against the policy of official warsaw by more than fifty belarusians, who came to say no to the aggressive behavior of the neighboring country and the closure of checkpoints on the common border people were indignant at the restriction of communication between ordinary poles and belarusians , members of the public organization union of poles in belarus were also present at the picket, if earlier we could easily travel to poland to visit our relatives' burial places, now it is very difficult. it should be noted that between ordinary poles and ordinary belarusians. there is no enmity and there is no contradiction. it's all politicking up there, so