bill ackman says there are other issues you have to look through despite that report.like credit sites drawing concerns about leveraged tied to the empire and analysts we have cited have concerns about the overconcentration when you look at the economy and the stocks tied to the market and how much leverage is embedded in the system and the concentration among certain billionaire empires. this is not just because of how large this empire is and you can see how big the drop as been. for days, it's been one of the top stories on the bloomberg terminal. you can see he is still among the top billionaires in the world. we will update the barometer at the end of the day today but right now, it looks like as well would have dropped from over $100 billion to about $90 billion. kriti: it's crucial to talk to our global audience about what this company does. talking about things like power, green energy and gas and it has a real estate company and i believe a food company in singapore as well which is a strange side business. when you look at what the empire does, you can take t

bill ackman said the report is more credible. today, adani enterprises will reach out to retaliate investors -- retail investors for its fpo which is seeking to raise $2.5 billion. at this time, there is still interest because angel investors, including banks and life insurance, etc., have already bought shares and anchor invested a lot. manus: bill ackman saying it reminds him of his great short against herbalife that went on for five years i think, in total. that is pr sanjai joining dani and myself are mumbai. coming up, the u.s. economy has posted mild slowdown, exactly as the fed wanted. economists see warning signs that suggest recession remains a risk in 2023. dani: plus, the u.k.'s chancellor of the exchequer will outline plans to tackle sluggish growth in a speech today. we will bring you more, and will be speaking to the man himself, jeremy hunt, afterwards on bloomberg television. don't miss that at 10:30 a.m. u.k. time. this is bloomberg. ♪ >> i think the main risks that exists is the economy decelerating as a result

so that is adani and bill ackman's view. let's have a look at what else is happening out there with the global economy. david has something here. david: the way those headlines are dropping might need some clarification. but this is is, on bill ackman's account, there are two tweets up. one is what is coming in after, which is a bit confusing. adani's response to the research, he's comparing it to what they went through with herbalife. it's the same as that response to ackman's original pre-hundred 50 page presentation. he says her life remains a pyramid scheme, and bill ackman found hindenburg report highly credible and extremely well researched, and that the response spoke volumes. to clarify his point there, and attempting to step back, he is clarifying they don't have skin in the game here. we are not invested long or short in any of the adani companies or herbalife, nor have we done independent research. you should not consider this investment advice, just his judgment based on the report and also their response. rishaa

a lot of questions still coming through including from bill ackman who tweeted last week that he thought the hindenburg research report had a lot of credibility. he has come out with another saying he thinks there are a lot of issues for banks involved. and also they need to be doing a lot more due diligence as well. we will see how those stocks come online but so far we see them losing north of $50 billion. vonnie: we will see if we get a response from jeffries. let's get to su keenan. >> u.s. house speaker kevin mccarthy and president biden have agreed to meet on wednesday to discuss raising the u.s. debt ceiling. an agreement could produce government spending and avoid a sovereign default character mccarthy said while reductions in social security and medicare should be off the table, all discretionary spending including the defense budget should be reviewed for waste. china has reported a sharp drop in new covid related deaths following the lunar new year holiday despite a spike. more than six -- more than 6300 deaths were recorded at hospitals. the true rate could be much higher as

last night, investor bill ackman calling the research highly credible and extremely well researched this is the $50 billion fight you should be paying attention to stocks are all down. a bk ghafr iswereacrit teth this is ge aerospace, advancing flight for future generations. ♪ welcome to a new era of flight. >>> caution ahead. a growing number of companies signaling a tougher road >>> chevron's numbers coming out soon off the blockbuster buyback and dividend announcement. one that ticked off the white house. >>> and we are staying in the energy path. the sector's red hot run in the last year could fuel deals of mergers and acquisitions it is friday, january 27th this is "worldwide exchange. >>> welcome or welcome back. good friday morning. i'm brian sullivan it is right at 5:30 a.m. on the east coast here is how your money is shaping up we are lower across the board. not a lot. red on the screen. dow futures are down 21 points nasdaq is off 54 despite that, we will see how today goes overall, another good week for investment with the averages up between 2% and 3%. maybe here is an rbi do

had fun -- headphone manager bill ackman, landed on the eve of a stock offering.ares ended friday, 11% below the company's minimum price. the founder is india's richest man, worth an estimated $120 billion. his companies have faced other accusations of fraud in recent years. >> let's have a look at how shares cap to week on wall street. all three indices finished up with the nasdaq rising 1%. this after a fresh economic indicator from the commerce department showed inflation cools further in december. so did consumer spending. the u.k. finance minister has pushed back against bleak reports about the british economy and talk of a looming recession, saying they did not reflect the real situation. chancellor jeremy hunt admitted the country was going through tough times, but promised brexit would help bring in a new era of growth. -- hopes on cigna contest cut to be included and will be announced in mid-march. saying, he wanted britain to become a low tax economy. but with inflation running high, sound money must come fast. >> just this month, columnists from both le

there are questions coming from high-profile investors like bill ackman who has said he thinks the hindenburg report has a lot of credibility to it. he has come out with another tweet saying there are a lot of issues for banks involved in this equity sale, including jeffries and they need to do a lot more due diligence. vonnie: we will see what happens. thank you for that. let's get to su keenan with first word headlines. su: we start with the u.s. house speaker kevin mccarthy and president biden have agreed to meet on wednesday to discuss raising the u.s. debt ceiling. an agreement could produce government spending and avoid a -- reduce government spending and avoid a sovereign default. mccarthy said while reductions in social security and medicare should be off the table, all discretionary spending including the defense budget should be reviewed for waste. israel is vowing a vigorous and targeted response to palestinian attacks. the prime minister is warning the latest sign tensions are out -- are unlikely to ease soon. on friday a palestinian man shot and killed seven civilians and that fo

they even called hindenburg research the pass holder of bill ackman.ough the founder of hindenburg is associated with analysts who uncovered the bernie madoff scam. it sounds very traumatic and nationalistic. i do have to say that, in our, they are kind of right. because what happened was that last year as global investors fled china for the china drama, they went to india, with also a population of 1.4 billion, except the people are younger than the growth prospects brighter. now hindenburg research is calling to question india's corporate governance and the fact that indian stocks are really, really expensive. india's benchmark index trades at over 20x earnings. china is trading at just over 10x. rishaad: let's talk about the only asian conglomerate here with -- lisa hindenburg saying, 85% decline for adani? based on others -- h&a and evergrande as well -- su: make this work? david: make this work? whether it is true or not, are these good candidates? shuli: given how little flow there is we have seen that with evergrande. it will float. free flow. a

weight and obesity is a major problem in our country -- >> did you happen to see those tweets from bill ackman over the weekend about pepsi and coke >> no. i don't follow -- >> i don't typically follow him as well. they were kind of interesting. picking a fight with him to a certain extent about the impact they have on society. >> michael bloomberg long believed that. but it's a fight that has not been won those companies are very po powerful you have drug companies with alzheimer's. drug companies with weight loss. drug companies solving cancer while you're going into a slowdown, it makes it a lot easier pfizer is not a hard stock to own. >> no. >> it is interesting that the party members in china are fighting against pavlovid. >> if i hear you, we're going to discuss it many times, the playbook you see working is similar to what you saw towards the end of the year, don't fall for the fallen angels, the high growth companies that no longer have the multiples that once seemed to attract people as high as they were >> right they all want you in maybe this is a good time. data dog if it's sellin

bill ackman weighing in.said it's more of a short-term risk for the country. she remains bullish long term on india, the political backdrop remaining stable and the effect helping the country as well. morgan >> seema moody, thank you. >>> after the break we're going to check in with nfl super agent f drew rosenhaus following yesterday's big games. the biggest laggards on the ndx down 1.9%. earnings names like rivian and lucid, lucid after the massive move on friday, and pinduoduo esrehimoinertech names und prsu ts rng. we'll be right back. doors lead us to new opportunities. your dedicated fidelity advisor... -surprise! -for you, mama. ...can help you open those doors. by proactively reviewing your entire portfolio. with an eye on taxes and risk. doors were meant to be opened. ♪♪ 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

. >> you saw the bill ackman thread he put out? >> no. about sugar? >> no. this went into why he has been open to potentially believing sam bankman-fried. he explained his comments and experience when he made accusations. when he shorted. before that. nbia he shorted nbia and elliott sp spitser came after here. he accused him of market manipulation he put him in a horrible place he went through that entire experience and then talked about how spitzer apologized to him when it blew up. it was a long thread that he tweeted out. that made him understand his position better. others said stop being sympathetic. >> pollyanna. >> to sam bankman-fried. it was interesting i forgotten about that chapter of his life. >> spitzer forgot about him twins. winklevoss gemini >> you're quick. >>> united health just reporting. united health. we saw bertha last hour. reporting fourth quarter results that beat on the top and bottom lines. adjusted earnings at $5.34 a share. 17 cents above estimate. $82.8 billion beat guidance. this is something i'm not sure united health reaffir

sort through the deluge of missing bags you were talking about 2,000 flights canceled >>> investor bill ackman saying coke and pepsi has caused more harm to global health than any comp companies. look at diabetes and soft drink consumption. he had no economic interest, long or short, in any soft drink company. ackman says chains that hold the soft drinks. he accused the software -- soft drink maker -- these days, everybody is a tech company of probably quote having done more to create obesity and diabetes on a global basis than any other company in the world i remember we talked to warren buffett about that the at the annual meeting he scoffed at the whole thing. he said i drink how many cherry cokes a day and i'm still kicking. >> 92. you know who is 99 >> charlie munger. >> i drink it is a rare pleasure. full lone coca-cola. still love it. i know i'm fat i don't blame coke for my fatness. i can't eat meat because cows fart take care of your own life, bill leave me alone. >>> buffalo bills safety damar hamlin is in critical condition after he suffered cardiac arrest during the game against th