so you'll be, should i and economist, professor of economics of k or university in the form of bank of japan policy board of good time e, with a society, so why is the bank of japan raising interests right now? what's it going to do to the economy? so uh, because uh, you know, uh, we have a special around 3.6 percent, but mainly to why budget by e sign mazing interest rate is to do data is a us by cheap japanese in. so japanese in study to depreciate about 30 percent, stewart the to $722.00 and this is about cheap. japanese is creating a lot of headaches to us as to hire for the prices like no integration, ease above 3 percent. 85 percent of english will come from a food, an image to what is so raises what is raising interest rates actually going to do to japan's economy to give them good. yes. so yes, study to the police said because of the growing interest. yeah. between 90 states in japan. so like now you know, even bank with your birthdays, interest rate is still only to the point 5 percent. so compared to you is the funds rate of 4.25 and 4.5 percent should interest you financial. so i

the bank of japan is expected to hike interest rates again straight month in february albeit at a slowere tech giant reported revenues for the last the latest financial report comes days and china s tech bosses, including alibaba founderjack ma. these results are awesome, the best set of results for alibaba for a very long time. the two highlights the group is e—commerce, and the other is honestly the ai powered cloud businesses, and first time for either business to grow double—digit in several yea rs. position in aland �*they are revolution in china. the new business climate president trump. citigroup says it will no longer require the bank follows the likes ofjp morgan and goldman sachs ritika gupta has more from new york. citigroup is rolling back its diversity, equity and inclusion policies, citing pressure from the bank will no longer have aspirational representation and that's according to a memo to staff from management and engagement. on his first day in office, donald trump banned dei citigroup facilitates much of the us and internationally, making it a majorfederal and legal p

of central banks buying gold. this year it has shifted slightly, and certainly the that people want the gold out of london and delivered to the states. the bank of japanates again to counter those rising costs. survey. the chinese tech giant reported revenues for the last by strong year—end sales. the latest financial report comes days after a widely bosses, including alibaba founderjack ma. mr ma gave up control of alibaba and kept and profits in the coming year. the boss of the retail giant said it was an uncertain time because of high interest rates, persistent inflation and potential tariffs on imports into the us. despite the measured outlook, it wasn't all bad news — of any company worldwide. sustainability on the runway at london fashion week. a brief to reduce pollution. around the world and across the uk, this is bbc news. welcome back. its policies promoting a more diverse and inclusive workforce. goals put in place only a few years ago. with from new york, here's ritika gupta. citigroup is reportedly rolling back its diversity, equity and inclusion policies, citing pressure from the trump administration. the bank will no longer have aspirat

the bank of japan is expected to hike interest rates again to counter those rising costs. three monthsr the champions league, some ties to 7 is the to the savour is the route to the final plotted in a tough as it is when you are playing against the of. country but we champion of any country but we confident as well because are confident as well because won out of the eight we won six out of the eight finished third in the games, finished third in the week, four wins coming from home, a formidable opponent but week, four wins coming from hoi will a formidable opponent but week, four wins coming from hoi will see 'midable opponent but week, four wins coming from hoi will see what ble opponent but week, four wins coming from hoi will see what happens, ent but 7 £575; respecthl” 7 7 to7b7e7res7pectful7bu7t7 7 tottenham hotspur will play dutch side az alkmaar, while manchester united will face spanish side real sociedad.

risks. banks buying gold. this potential 25% tariff on gold, and it's really ratcheting up concerns that people want the gold out stuff. let's get some of the day's other news now. the bank of japans again to counter those rising costs. that could impact businesses — japan's factory activity also albeit at a slower pace — according to a private sector survey. and ai—powered cloud computing. the latest financial report comes days after a widely publicised meeting between president xi and china's tech in late 2020. despite the measured outlook, it wasn't all bad news — of any company worldwide. you are welcome back to business today. citigroup is the latest us company to scale back workforce. donald trump's return to the white house has intensified a backlash against diversity, equity goals put in place only a few years ago. citigroup is reportedly rolling back its diversity, equity and inclusion policies, citing pressure from the trump administration. the bank will no longer have aspirational representation goals, except those required by local law. the bank will also remove requirements to interviewjob candidates from diverse backgrounds. and that's according to a memo to staff f

of giving the u.s. dollar support, but at the same time, take japan for example where the inflation needle is moving in favor of the bank of japan, that's why dollar-yen is lower today. tom: mark cranfield from bloomberg's mliv team, with the market analysis on tariffs on china, but also the view around pricing and potential repricing around the fed that seems to be possibly braced to sit on its hands longer than maybe some expected. to the geopolitics right now. what could be a dramatic new u.s. intervention in the middle east.president donald trump proposed taking over the gaza strip and assuming responsibility for reconstruction. he says that could turn the war-torn territory into quote the riviera of the middle east. trump made the comments during a news conference with israeli prime minister benjamin netanyahu. pres. trump: i do see a long-term ownership position and i see it bringing great stability to that part of the middle east and maybe the entire middle east. everybody i have spoken to, this was not a decision made like, everybody i have spoken to love the idea of the united states owning that piece of land,

the bank of japan's governor signals he may intervene in the bond market as accelerating inflation raises

bank. charles: the kind of moves that this person is known to make, you're looking for a spike, maybe like the bank of japan soon. >> yep, and the timing is usually within a week to 10 days when again, 50-cent jumps in here and it's worth following them and make that kind of move and i say they because i don't know who it is. charles: strategy of buying and selling strategy and would you encourage everyone to use something like that? >> i would and takes down amount of capitol at resident and can time decay or theta as option traders call 2. it's a smart way to trade. whoever this trader is, they really know the markets and they have great timing when it comes to big spikes in volatility. charles: speaking of great timing, again, you sent this to us last night and energy was the only sector up at one point. these are some big time calls happening in the energy sector. >> yeah, people are betting out into the next month, out into april and end of march. , april and may and national oil and bp, halliburton, pea body energy and more or less coal and those are bets that energy prices are going up and people wil

bank of japan is expected to continue hiking rates. brian. e higher bond yields have been kind of an important upward source of pressure on global bond yields. >> and we should, by the way the royal caribbean, norwegian they're all welcome on the. is that a fair thing to say. >> yeah we've talked we've had great chats with them. come any time we'd. >> love to. they want to come on and talk about this. you've got a muffin. we're ready to go. all right. we have got a lot to do this hour. but let's begin with the biggest retailer in america that is walmart. after a monster stock run over the past two years. walmart losing money for investors today, down more than 6%. here's an rbi for you. walmart. the single worst performing retail stock in the market today, falling more than five below or dollar tree. the big question though for you, where does walmart and maybe the american consumer go from here? well, it's a big question. we may have some answers and some clues from the earnings and call around at cnbc's melissa repko. joining us now with mor

we have seen that it is related to the market, and taking another look at expectations and the bank of japan policy, we have had a couple of speeches, which i really steered the market, they really need to be looking at. and it is the household wage numbers and in the japanese demographic, and the market is feeling the bank of japan with more interest rate hikes coming, and for the japanese yen. lisa: do you expect volatility to be in pairs and not just driven by the fact the dollar will strengthen ad nauseam? i'm talking about this with the same light that the ecb may take a page from the bank of england and cut rates, even in the face of somewhat stickier inflation. jane: there is a lot of news floating elsewhere. when you mentioned the euro, we had pretty weak growth, we have political issues from france and germany, and it really is still fragmented in france and germany , as well. that is not a great situation for europe. it is weak leadership at a time when trump is threatening the eu with tariffs, a difficult position and the impossibility from the euro and looking up politics in the

story, what are some of the haven trades that are favored if things start to ratchet up as seemingly they could from april 1? james: we liked dollar-yen lower. in japan you have bank of japan in a different direction in terms of monetary policy. that is good for hikes this year. the data has been good. wage growth has been strong. gdp data was pretty positive. we like the japan story itself. we are not so sure japan will be on the front line of countries on the receiving end of tariffs. if we do see a substantial pickup in tariffs being implemented, certainly apple or -- certainly after april 1 and it does cause concern for growth and we start to see retaliation we move into a risk off environment, the yen should be one of the better ways -- one of the better currencies to own in that environment. it is a trade that works well now because of the boj. it works well going into april 1 given all of the uncertainties we just talked about on tariffs. it also works more medium-term because of the slow down we are expecting to see in the u.s. economy. tom: that leads us to how the japanese yen is playing out with the yen up .3% versus the dollar at 151.78. a bearish call

lisa: increasingly it seems like the bank of japan is on a hiking path. the opposite direction of central banks elsewhere in this is giving momentum to that. it goes to this question of how much ongoing yen strength can rearrange some of the flows we have seen the past that have underpinned some of u.s. asset outperformance. jonathan: the big mover in the premarket is walmart. approaching 8% lower in early trading. that's get you an update on stories elsewhere with your bloomberg brief. dani: commerce secretary howard lutnick says president trump wants to abolish the irs. lutnick pulled fox news the president wants to raise revenue by charging other countries. trump has floated the idea of abolishing federal income taxes as a part of his tariff plan. the port of los angeles saw a record january ahead of donald trump's plant tariffs. the busiest trade hub in the u.s. moved 8% more containers than in the same period one year ago. according to the port the boost was driven by retailers. the san francisco 49ers are considered selling a 10% shape -- a 10% stak

of the backdrop that we're seeing around the world is that we are seeing much more volatility on the macro side. you're seeing, you know, pricing changing. you've got central banks. for instance, bank of japant is hiking. you've got inflation data in the uk. so yeah it makes a lot of sense. actually to kind of reevaluate continuously reevaluate. >> there's been a lot of headlines swirling, attributing the move higher in yields to the expectation of higher borrowing to fund more defense spending. what do you make of that argument. and that as a contributing factor to the push up we've seen in yields. >> you mean in europe particularly? yeah. >> so it. >> will be i mean, at the margin, of course. >> if defense. >> expenditure goes up. >> and net borrowing. >> goes up, it will put pressure on the. curve would probably lead to a steeper curve of it will have an impact. >> on on swap spreads as well. >> against that you've got to kind of gauge the impact it might have. so the additional expenditure might. have on economic activity. so yes. >> i. >> think it's a contributing factor. the numbers may not be that large in. >> the short term. so kind of ramping. >> up defense expenditure from where w

and inflation has with tons of japan, of the decades of stagnation called that the central bank has raised borrowing cost . but will the measure from foot gross even further? first the nation on track for re bound the hundreds of thousands of displaced palestinians have made the way back to the north of gauze. of many of them would have homes or businesses to return to israel's 15 month. wall on the strip is reduced in time neighborhoods to revel health care, education, roads, agricultural land, and most utilities like full size electricity, sewage and communication systems have been destroyed. the destruction has hit the very fabric of palestinian life in gaza setting package development by 69 years. according to the un, rebuilding the devastated strip is expected to take decades and cost tens of billions of dollars. but how will return these codes until reconstruction gets on the way? we'll get to these issues without guessed in just a moment. the 1st report from katia lopez told a young it could take decades and roughly $50000000000.00 according to the un to rebuild cause as palestinian

japan's nikkei inched higher as the inflation rate there climbed to a. >> two year high. >> of 4% in january, supporting a rate hike calls from members of the bank of japan. meantime, hong. >> kong shares. >> hitting a three year high and lifted in part by a 14.5% jump in alibaba. this after what were some pretty stellar quarterly results. we talked about them a little bit yesterday, and we'll have a lot more on that story in a couple. >> of minutes. and some executives. >> at meta. >> are going to get bigger. >> bonuses this year. >> and a. >> new filing. the company said it had approved an increase in the. >> target bonus percentage. >> for its. >> annual bonus. >> plan for. >> executives named. executive officers. >> could earn a bonus of 200% of their. >> base salary. >> under the new plan. >> up from the. >> 75% they earned previously. the updated. plan does not apply to mark zuckerberg, the ceo. >> the board. >> committee said. >> it. >> approved the change because the target compensation for its executives was at or below the 15th percentile. of executives. >> compensation at some of its. >> peers. >> though some of its. >> peer companies. >> the

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bank that for mutually beneficial. that means that would benefit the development of the united states as well as the development of japanope that whatever majors and actions shoots meet this criteria, meaning that serving the interest of both countries. i understand that we are going to have further discussion. pres. trump: that's correct. >> are there any specific concessions that you will be asking from japan that you can share? pres. trump: i will be having. it will be very easy for japan. we have a fantastic relationship. i don't think we'll have any problem whatsoever. they want fairness also. >> [speaking another language] [speaking japanese] >> do you have a reaction to the new "time" magazine cover that has elon musk sitting behind your resolute desk? pres. trump: no. >> [speaking japanese] pres. trump: is "time" magazine still in business? i didn't know that. [laughter] elon is doing a great job. he's finding tremendous fraud and corruption in ways. you see it with the u.s. but even more so with other agencies and other parts of government. he's got a staff that's fantastic. he's wanted to be able toes do this

lean into some of the broadening out that is going on vis-a-vis industrials, software, a i a adopters, financials, banks, etc.. outside of the u.s. we have been thinking more about japanas of the last six or seven months after being a really strong structural trend. we still see really profound corporate reform and company specifics catalysts as well as opportunities. japan remains one of our favorite ideas internationally. jonathan: it is good to catch up. daniel skelly of morgan stanley. mohamed el-erian in the financial times, amounting risk to u.s. exception list -- exceptionalism. a really great note from michael will be the team, geopolitical conflict is positive for u.s. stocks. geopolitical peace is positive for international. we are long international in 20 five. no imposition for the rest of the world equity outperformance. he goes on to say this, that the squeeze running a piece trade is to be tested by german elections will be will end -- and will end when peace is elected. lisa: michael harnett likes u.s. bonds. he does not like equities and he likes europe. this is the antithetical view of a lot of people on this program who don't like bonds, like u.s. s

of dealmaking. from secure deals with canada, mexico, columbia, panama, el salvador, guatemala and he never had to bribe anybody from the soft power dei bank. and today, he cut a deal with japanprime minister at the white house and made a pretty good first impression. >> this was the first time meeting face to face. but for many years, i have watched him on television. so it was quite -- i was so excited to see such a celebrity on television. to see in person. on television, he is frightening. and he has a very strong personality. but when i met with him actually, he was a very sincere. and very powerful. and with a strong will. >> jesse: then japan pulled out the checkbook. >> today i conveyed my willingness to cooperate together, to elevate japan's investment in the united states. to an unprecedented amount of $1 trillion. >> jesse: and japan is going to be buying more gas and military equipment from america. chalk up another win. this guy speaks trumps language and he knows how to handle the american press. listen. >> if the u.s. places tariffs on japanese imports, would japan retaliate? >> i am unable to respond to a theoretical question, that is the official answer that

politics and central banking figures in if your country's currency is weakening and you're an export economy, of course that's going to give you potential upside on exports. think japanir yen weak on purpose intentionally. but let's say you need to buy inputs. let's say you don't have domestic resources and you're in manufacturing and exporting. then you have to go outside the country. your currency is weaker. your import costs may go up, fueling some inflation and slowing of your economy. and central banks. central banks have to deal with the aftermath of this. and what it will be is anybody's guess. >> yeah. i mean, we have the resources though, and i guess we're going to go travel and make the most of it. rick. >> thank you. >> and you know, one thing we have to say, kelly, real quick. you're right, though, it's not good for multinational companies, but it's great if you're sitting home in your lounge chair because your dollar is going to go way farther. with all the countries sending things here that they're exporting. >> rick, thank you very much. appreciate it. rick santelli. >> all right. on deck trading the trade war. the stocks you may actually want to buy.

japan has posted better—than—expected growth figures, growing in the last straight quarter. the bank of