let's bring in laura cooper from blackrock.et's start there and the reaction to markets after yields came in dramatically esther day, a dovish interpretation of the ecb which i know you argue is a misaligned view and the data today from the u.s. yields backup. laura: if we think about the rates rally yesterday, heading into the ecb, positioning was for a hawkish confab largely because we had a speech from madame lagarde that suggested the market participants i need to recalibrate -- they need to recalibrate their expectations so we saw positioning turn more hawkish and really we saw a short squeeze on the back of that. today we see some reversal and i think it captures the mood in markets that there is this disconnect between believing inflation will have this sharp slowdown, will prompt central banks to pause versus the risks that are still there on the inflation front and uncertainty around that. alix: it's also interesting there were two things, they were saying madame lagarde missed an opportunity to be even more hawkish. a

susan: google best performer on the nasdaq s&p 500 after blackrock bought more shares 6.6% to be exact$300 billion company and blackrock is busy and also buying more shares than the crypto bank silver gate capital, which we know has been in trouble, but blackrock manages $10 trillion and bought another 7 -- or up to 7% in silver gate. stuart: meta reports tonight looking for 40% drop in sales. susan: yeah, kind of priced in; right. revenue expected to decelerate. the snap report card and $3 billion and that's huge for the biggest social media company on the planet. $1 point # 9 billion. that's incredible. and name another company that has $1.99 billion -- 1.99 billion users each day. giving snaps warning following sales and wall street priced in a similar forecast for falling ad revenue. i want to note that alphabet's google is reporting tomorrow and i'll be on the executive call with cfo and we're expecting pressure on revenues, their ad revenues in particular and cloud growth could make up for it and tomorrow is the apple report card and i'll be speaking with the top leadership. mark

the nine people you move your money to, they all outperform blackrock? talk off camera. vice pres vice president pence wrote a piece on this exactly that with we are -- u.s. corporations while they're preaching here domestically to stop, you know, with esg, preaching to stop fossil fuel production, they're full bore in china, which is ten times the polluter we are right now. so the fossil fuel jobs are over there. they're developing all these projects in china, full bore, and blackrock doesn't have a word to say about nchina. >> it's hypocritical >> hypocrite or not, it should have nothing to do with -- >> performance >> let's just talk about the performance of what's happening. the reason why this seems so political, and i ee give you an example. i don't know if you saw this story. a fascinating story about how so many of the republican states that are doing what you're talking about are taking lots of donations from vanguard and blackrock. they're not saying this is so hypocritical, let me send the money back, i can't deal with you. they're saying, ple

manus: obviously, youre getting advice from blackrock and jp morgan, you are getting $6 billion to rebuilds year. when the pe --ace dividend comes, what will be needed in the medium-term, do you get the sense that truly private enterprise are interested in coming to ukraine? our sovereign wealth funds coming to you, what do you need medium-term, who will plug that cap? -- gap? oleksandr: i think they can. that is where we need to create due conditions for them to enter and work on the pipeline of projects. with private sector recovery, there are two ways money can flow. first, participation of state to mobilize the private budget instrument. that's what i see at the moment, they are preparing studies for the most relevant projects. and for the private sector, funds will be rolling in for ukrainian partners, aimed at creating the new industrialization in ukraine because the war has damaged a lot of outdated, not efficient, for energy, primarily infrastructure. we see a triggering big opportunity in ukraine becoming one of the big providers of renewable energy to europe. you want to focus on

guy: thank you for stopping by and seeing us, karim chedid joining us from blackrock.n markets are done for the week. let's put up some numbers. these are the final numbers. a little movement during the auction. not much to speak about. these are the final numbers for the week. we had a negative we care for european equity -- week here for european equities. we have not seen one of those in a while. we will discuss more of that on the cable show, 5:00 p.m. in london, 12:00 p.m. in new york with podcasts available later on. alix: coming up, americans, that want be me, are expected to make the sunday super bowl the most bet upon event in u.s. history. amy howe of sandal next with how they will -- fan dual next with how they will cash in on that grace. >> i'm ritika gupta and you are looking at a live shot of the principal room. next meera pandit jp morgan global market strategist at 2:00 p.m. new york time. keeping you up-to-date with news from around the world. i'm ritika gupta. in turkiye survivals were pulled from the rubble today hours after they were trapped by eart

a 7% stake in silvergate as of january 31st when they filed with the s.e.c it shows citadel and blackrock are both in silvergate, a crypto bank. >> thanks so much. >>> still to come this hour, the ceo of global foundries with us on the heels of earnings, announcing a deal to supply chips to gm. iac with its results and airbnb, quarterly numbers after the close, one of the few sharing economy companies to report a profit in consecutive quarters and on the heels of marriott as well [music - cover of blondie's “dreaming”] [music playing] ♪ imagine something of your very own. ♪ ♪ something you can have and hold. ♪ ♪ i'd build a road in gold just to have some dreaming, ♪ ♪ dreaming is free. ♪ accenture, let there be change. meet jessica moore. jessica was born to care. she always had your back... like the time she spotted the neighbor kid, an approaching car, a puddle, and knew there was going to be a situation. ♪ ♪ ms. hogan's class? yeah, it's atlantis. nice. i don't think they had camels in atlantis. really? today she's a teammate at truist, the bank that starts with care when you start wit

blackrock raising $1 billion following the worst ever loss. will reopen the blackrock strategic equity hedge fund for more cash starting at the end of march. $7.6 billion managed at the end of last year, was in 2022. bp is adding to its network of u.s. gas stations. the british energy giant has agreed to buy $1.3 billion in travelcenters. they offer services including refueling it, and travel stores. that is your latest business flash. alix: 22 minutes past 7:00 on the west coast. the top tech stories from the bay area and beyond, as silicon valley starts the morning. that is a pretty nice sunrise, i've got to say. what are you up to? >> as we are tracking the story at tesla, that is happening out of new york state, what we are seeing with the unionization in buffalo. they filed a complaint in the last 24 hours saying that those workers on the autopilot team that we discussed 24 hours ago were making an effort to organize and making a union push, dozens of them were terminated following that push in very short order according to the complaint.

men ben powell from blackrock investment institute. lot more on the way including how our markets are moving to the upside and the mask mandate in hong kong. after 945 days coming to an end. yvonne: ooh. rishaad: this is bloomberg. go. go brain. no, not that one. go this one. go optimizing data. go efficiency. go results. emerson's plantweb digital ecosystem is the brain for smarter, safer and more sustainable performance. go plant go. go boldly. emerson. when covid hit, we had some challenges. i heard about the payroll tax refund that allowed us to keep the people that have been here taking care of us. learn more at getrefunds.com. ♪ yvonne: ah, reopening. we're talking about that once again here in hong kong. starting tomorrow you're going to do be seeing a lot more faces or our faces out in the open. mask mandate -- rishaad: and the wild. yvonne: don't be too scared. we have a lot of the new names like cazzie pacific. and in the meantime zoom gained an afterhours train. the software company expect it is earn" to be 96 to 98 cents be

i will say this, i spoke with people at blackrock, i spoke with people outside of blackrock, i spokeoke to legal experts, john ellison, a corporate, professor of corporate law at delaware university, one of the foremost experts on this stuff. they all say this thing will be challenged. republicans are laying groundwork with this investigation and it is very highly likely, maybe, 99% likely it is going to get overturned. here's why. normally corporate disclosures liz involve, tell me about profits, tell me about sec investigations, tell me about this, that, the other thing. they don't involve weird immeasurable stuff like climate change. watch this. we'll, we should point out the sec had no comment, okay? liz: good stuff. charlie, thank you very much. closing bell, we're two minutes away. here we go bring in brandywine portfolio manager jack mcintyre who has a very interesting point of view here, jack. you're saying the fed is last year's story, right? why do you think the fed will have more nuanced impact on the markets versus right now? >> okay, liz, let's say they tighten, three ti

. >> will you go back to blackrock? >> i am going to go home to my kids and recharge, that's my only plan that i have right now. >> all right well, keep us posted brian, thank you very much appreciate the time. >> thank you >>> no word on the blackrock question biden denounced deese's stepping down and hasn't named a replacement. lots pointing to the vice chair of the federal reserve to take that job as the national economic council director. >>> taking a look at the market, we are at the lows of the session now down almost 200 points on the dow. every sector has gone negative, energy just joining the rest down 188 after the break amazon and alphabet holding on to gains for the week still and strong gains for the year despite today's earnings pullback. we'll dive in with an analyst who cut his target on both stocks you're watching "closing bell" on cnbc. ♪♪ we all have a purpose in life - a “why.” maybe it's perfecting that special place that you want to keep in the family... ...or passing down the family business... ..

katie: joining us now, blackrock's marilyn watson.hristian armani of lafayette college and cliff corso's of asset management. marilyn, let's start with the market reaction. we're looking at 16 basis points higher on two-year treasury yields. the 10 year treasury yield back to 3.50. is this a overreaction? >> it highlights we are at this point in the market where we are so incredibly data-dependent. we have seen so much volatility continue after the fed and recent data we have seen. we have these incredible latent market data today. we have strong ism. it has been noted a lot about financial conditions easing. yet, we have had a huge amount of rate increases. 4.75 in the span of about a year. we are at this point which is difficult to for the market to determine the future path where the economic data is going to go and assess where we go from here. i think it is highlighting the uncertainty at the moment. the fact is, the labor market remains incredibly strong. inflation is coming down in the u.s. now is going to be very much a case o

a blackrock representative was talking about this earlier. >> inflation risks are still tilted to the upside. the european economy does show resilience. that could tilt toward a higher terminal rate for europe which probably has more room to be priced in and the potential for the fed deposit ahead of the ecb. -- for the fed to pause ahead of the ecb. stephen: ecb 4%? that's the question of the day. traders got the pricing in 3.75% at one stage today. that is something we were surprised by. we have had a pull back since. are they listening now to at the ecb is saying? >> maybe they are starting to pay a little bit of attention in terms of the message the ecb is trying to drive home which is the they are not done in inflation. the market has a short attention span at the moment. it is divided between what is happening regionally within your also in the u.s.. as hawkish as it wants to sound, it is competing with the fed in terms of the hawkish nest. -- in terms of the hawkishness. we see the dollar erasing the 2023 losses and the euro is under pressure. alix: i love your columns, read th

joining us now is wei li of blackrock. a lot up in the air.m trying a new alien pun every block to see if it works. a lot unknown at this moment. we have talk about trying to get that down to 2%. our view now of europe, given that it has improved and the energy story seems to get better, what are the biggest risks, identified or otherwise? >> may be identified, but if you look at inflationary dynamics in europe, it is about the comfort level of central bankers. now there is more talk about avoiding a recession. even christine lagarde is talking about potentially avoiding a recession, but given the framing of the inflation fighting and where we are in the economic cycle, the more resilient economy seems to be at this point the more potential over tightening is needed to bring about the demands destruction to fight inflation that is still way above the comfort level of central bankers , so i do not think we are out of the woods with europe yet. >> what does that mean for risk assets? >> there is a disconnect between the fundamental picture and r

joining us now is gargi pal chaudhuri blackrock financial management from, i say this looking at the0 year yield down 34 basis points. where do you think the market got the right message and where did they go off? gargi: i will say a couple of things. on the ecb, the reaction in the dpp's were little bit surprising. the ecb was remaining very hawkish. they will continue to raise rates higher and they are not signaling upon saw after the march meeting. lagarde was very specific about after the march meeting, we will see how data involves and inflation we saw this week at 5.2%. the fed though, there was slight shift in terms of an acknowledgment of the start of the disinflationary process. that word disinflationary was used 13 times. on the ecb side, i'm surprised by the bond reaction, on the fed side less so. guy: is this an overreaction? gargi: i would say for the bpd markets i would not be surprised to see some get back in the days and weeks ahead given that i don't think this was as dovish as the market was expecting it to be or is reading it to be. alix: what is going on? is this

people the full resources of jpmorgan chase are available to ukraine as it posts the path to growth blackrock'sgned a memo of understanding to enlist other investors. there is no clear sign when there is a return on that. frank. >> kayla, we are spending and sending money to ukraine is there appetite in d.c. for more spending on this war? >> reporter: the administration says in private conversations, they are not seeing resistance from republicans in either chamber of congress. some members are expressing that publicly there is opt imism that when the president says they will support ukraine as long as it takes and that support will continue >> kayla tausche thank you very much. >>> the invasion of ukraine leading to the uptick in investor interest driving the aero and defense up. this is led by lockheed martin and northrop let's dive more into this with kristine liwag >> thank you, frank. >> kayla laid out the sense of the support we need to give ukraine. how has this impacted the defense and aerospace industry >> frank, to start, russia's invasion of ukraine is an irreversible wake-up call fo

blackrock is raising $1 billion following his biggest loss.sh at the end of march. the fund managed 3 billion and lost 12% in 2022. fidelity is bucking the trend of financial industry firings. they want to fill 4000 jobs by midyear. the ability says the new positions will focus on customer service and technology. that follows a year of record hiring that brought his head count to 68,000. global news 24 hours a day, on air and on bloomberg quicktake, powered by more than 2700 journalists and analysts in more than 120 countries. i am lisa mateo in this is bloomberg. ♪ >> one of the main problems in the supply chain, systemic issues and the lack of availability it's impacting a lot of suppliers. we had the energy crisis impacting our suppliers. a lot of difficulties to find the skilled workforce around the world. jonathon: just bringing it home there. the post-covid environment, we are still in it. it is year three of pandemic economics for so many of these multinational businesses. tom: he does a terrific job of managing. with the pandemic, is n

marilyn watson joins us, the head of global fundamental strategy at blackrock.ision? the shift up in the yield curve we see, what is your t decision at blackrock in bonds? marilyn: yields considerably higher than they have been. in the last few days, the market is continuing to refocus on where the terminal rate might be. also how long rates will remain elevated for a long period of time. also the level cash and where you can get that as well. the decision for investors is looking at new portfolio, income natural abilities, interest rate duration risk, and how you can get returns from the income you want and this is versus cash, not versus risk asset anymore. looking at the bond market, it is focusing on getting very high quality, decent carry and comparing that to where you can get the cash and showing you are getting what you want. lisa: what point do you extend that to duration? we were talking with brian weinstein earlier and he was saying now is the time shifting four year yields. do you agree? marilyn: we are increasing duration. now is the time we lock in

but going after blackrock and saying we're not going to invest in blackrock because they're too woke,don't like tom brady, and his politics may be a little quirky, i'm going to bet against him in super bowls. they're cutting off their nose despite their faces and what i thought was most fascinating about the article is, you have states -- i think it was north dakota that, like, woke up and said, hold on a second. maybe we like money more than we like, quote, owning the libs. >> no, that's exactly right. this is basic supply and demand. when you reduce the supply of something, you get a worse product. so think back to texas in 2021 passed a law that said -- it kicked a bunch of banks out of the markets for underwriting municipal bonds. and a bunch of banks left and the banks that were left charged them more. and there was a study that found it cost texans 300 to $500 million. maybe governor greg abbott is okay with that, his voters are okay with that, but i'm a finance reporter and so i come from a world where you have an obligation to maximum profits for your investors and these aren'

you see blackrock and bigger index funds getting into tesla in the same timeframe.t buys is tesla. one of the biggest buys is boring. tax-exempt bond etf's by vanguard. it is a lot of etf's that show you how funds are trying to position. we were talking not just about the hedge fund with the family offices. i want to point out for example you have duchesne getting out of amazon as quickly as it did. you have soros fund management betting against silver gate. caroline: silver gate has had a terrible turn of late. was that short working at that point? sonali: it's hard to know exactly when. yeah, exactly, donna fitzpatrick was the ceo you are alluding to. market value is 1.7 4 million. the one thing not disclosed about the wager was what does it really do on the downside? how low does silver date really go? is he still in the position now? to a lot of news about silver gate, including bloomberg's own reporting about inquiries from the department of justice came after the quarter. so the question is what do these options -- these are put options, what to they look like

recently got an investment from citadel, also an investment from blackrock. all of this news drips it reminds me of some of the tech companies that had case after case being raised. felt like they spent more time on capitol hill than in their offices. we're nowhere near the end of this i think all the transfers are going to lead to more questions around nefarious use ultimately it probably will lead to more challenging legal framework to set up these type of markets >> all right so i'm just going to shoot off the cuff here. that sounds like fraud, right? i'm just saying, the binance situation, like seizee was supposed to be the savior, bitcoin is up here, and i've got to tell you, just throw it in the garbage again. why does it rally? the fed just told us higher for longer >> you think there's manipulation >> i think there's something going on here. it seems very awkward to me. if we could pull of a one-year chart, that gets us back to the summer's highs technically it looks really challenging, and if you pull it out on a five-year basis -- >> back to silver

claman will be back with legendary emerging markets investor mark mobius, the murray twins and blackrock'si-share investment strategy. don't miss it that will do it for "the claman countdown". "kudlow" -- >> welcome to a special edition of "kudlow" i'

blackrock. another loser? disney. section ed law, lost favorable tax treatment. a loser in this, meta, facebook, alleged censorship of conservatives. apple has big manufacturing ties to china. amazon, jeff bezos owns "washington post." trump famously feuded with him. positives. he likes jpmorgan. dimon came out against esgs. a positive on that. roll back of financial regulations. >> what happened to free will in investing? if i want to invest in esg let me do it? >> that is not bit. he likes gun manufacturers. there is company, forget the name, does private prisons. desantis will put money in border control. liz: okay. >> read the story on foxbusiness.com. i'm not saying he is going to run. i'm not saying he isn't going to run. i'm not saying he is going to win. i just find it fascinating that wall street at this early stage, liz, is now picking him, giving a lot of money to him. putting out reports like this. they are saying prepare for his victory. one other thing i want to point out in the report, kind of buried in there they think joe biden will announce, thi

blackrock speaking earlier today to john, sees some silver linings for the tech sector. guest: there is a decent amount of over hiring across tech, software, and parts of 70s. -- semis. we are seeing them get out ahead of the market and announcing layoffs. that is productive, expect they will weather the economic and policy storm well. what i'm encouraged by is how honesty guidance was reporting in fourth-quarter. caroline: let's dig in with nancy, you know her from tangled or -- investments, the ceo and cio role, nancy it is great to have you. do you agree with the lack rockview that companies in the technology -- black rockview and that companies and the technology space are taking the right action? >> i do, we were arguing in fourth-quarter is time to start adding risk into your portfolio via tech and consumer discretionary. the reason for that, the companies that we own and like, they are deserve -- delivering strong beats every quarter of last year. raising guidance and they're still not feeling the love from wall street. we like the names that are reliable earnings

issue ad nauseam on this program roger robinson special guest pointing out the fact that firms like blackrocke communist party thanks push to putting a spotlight on it i asked congressman mike gallagher on sunday, on "sunday morning futures" sunday. >> watch, corporate america wall street wants to continual business as usual china that is. we should not be in the business funding communist genocide certainly not in gis funding destruction sending money to chinese military affiliated companies this is about defending ourselves from aggression. maria: joining me right now is former senior adviser to secretary of state mike pompeo stevens inclue constructive vice president sr., policy adviser mary kissel back with us. >> good to be with you maria. maria: you've heard me talk about thrift fund so many times, where theing the 40 kks watching that it is so much more than in a you've got to talk to investors in new roll about how to allocate exam in environment where clearing, the chinese communist party is an adversary. how do you see this? >> well maria, you are right. i think that is exactly the

we had the of i-shares of blackrock, here at the top of the show, she does like energy even in this risingment. your energy name, pioneer natural resources. why? >> because the margins are around 29%. here is the thing that we learned this quarter in earnings. companies reached a limit in terms of how high they can raise prices and their costs are still elevated liz. so what is happening their margins are getting crushed four quarters in a row. i like companies that are paying high dividends. pioneer is doing that. they trade cheaper than the market. pioneer is much cheaper than the market. and their profit margins are high. pioneer profit margins are 29%, compared to s&p 500 of around 11%. all three of those reasons why i like pioneer. liz: are you just staying away from tech at this point? we have a pretty significant selloff here for the nasdaq at the moment. i'm looking at a loss of 294 points or 2 1/2%? >> i think what is happening is that when the 10-year treasury yield was below 3.4%, i was scratching my head. that was reflecting a recession that was imminent and rate cuts later in

meta is number two there's been a bunch of ones in the 6 and $5 billion, mondelez and blackrock, bankum announced significant buybacks meta the second biggest of the year all this is happening because corporate america is really flush with cash. 2022 will likely be a record year we don't have the final numbers but you're going to see these are executed buybacks, almost a trillion dollars bought back in 2022 dividends were almost half of that buybacks are definitely more popular as a way of returning money to shareholders. if we get anything close to a soft landing, carl, there's going to be a lot more of this interestingly, carl, i have not seen any press releases out of washington from people who are outraged about meta's buyback the same way they were angered by chevron's buyback, they should take the money and deal with oil wells i haven't heard anybody saying meta should spend more money on the meta universe or virtual reality. i'm waiting for that press release to come out of washington carl >> david, real quick, tlhere is the 1% tax washington should be rejoicing that's going to

the world's largest asset managers, esg promoting institutions blackrock and others shout from the foothillsng investors about so-called climate risk but they do not say a peep about the china related investment risks the question is why? the answer comes down to their financial conflicts of interest in china. because mark my words, if they warn u.s. investors about the risks that china invades taiwan, what the consequences are here, for the u.s. economy, and u.s. stocks, and semiconductor companies, they will lose their opportunity to do business in china. so my view is, you cannot be a good fiduciary for u.s. clients and be a vocal voice in the boardroom of u.s. companies if you have the boot of the chinese communist party on your neck. mark my words, i think the boot of the chinese communist party is on the neck of larry fink and other esg asset managers. not only strive, we're not promoting esg, we're not doing business in china so we can do a unique voice in the marketplace. that is kind of the point of this. neil: interesting. let's keep track how it is doing. i admire what you're doin

liz: i need to get to possible investments here and we have blackrock investor on the show and he said this is the market for investors because yields are so high and come down 9-11 basis points depending on the part of the yield curve you're talking about, are they still good investments to part cash? >> liz, the front end of the yield curve is the best place to put money right now. inside of three years and corporates you can get 5% and mortgages make sense. you know -- liz: let's show three month and two year if we can. >> cheapest part of the curve right now or at least when i walked in was a six month bill. i bought some yesterday. i think it's incredibly cheap. 480 yields. but you can get 6% in short high grade corporates so i think that's the place to go. i would say away from duration. if peter's right and the bond market will go crazy to the negative, then you certainly don't want to be out in the long end. liz: give a shout-out to you, peter. you've got two funds that have been ranked number one and number three in the international fund area and specifically these are by u.s

things like msci and blackrock which are continuing to create investment vehicles into our primary adversaryat committee if i were mike. maria: it's a great point. i'm glad you raised it. what we are essentially doing, we are funding the expansion of communist china with all of these etfs and index funds that are investing in the very companies that are tied to the chinese communist military that may very well turn on america at some point as well. jonathan, you make great points. we so appreciate your time this morning. thank you, sir. >> thank you. maria: quick break and then hunter biden finally admits the infamous laptop is his. it is making a buzz this morning. we're on it when we come right back. you're watching "mornings with maria" live on fox business. ca. by working with you on a retirement-income plan designed to balance growth and guaranteed income. because doors were meant to be opened. why are 93% of sleep number sleepers very satisfied with their bed? maybe it's because you can gently raise your partner's head to help relieve snoring. so, you can both stay comfortable all nigh

the ceo of blackrock, larry fink, says private companies are creating a, quote, structural problem ande businesses report all of their esg investment risks. joining me now is florida bankers association president and ceo, alex sanchez. alex, great to see you this morning. thank you so much for being here. you've talked so much about this pressure on banks to govern with esg. give us your state of affairs in the industry right now and what do you say to what larry fink is saying about private companies? >> well, maria, good morning. and first of you all, i want to thank you, maria. you're the one who broke the story and main street america doesn't understand this issue, how it's going to kill main street in the united states many we're 60% of americans work for small businesses and if the s.e.c. has its way through the buy done administration, because the biden administration can't get these proposals passed through congress, especially now, but if the biden administration through the s.e.c. has its way, and all s.e.c. registered companies have to do this climate carbon emissions testin

visited president zelenskyy in his bunker in kyiv to discuss access to capital and long-term growth blackrock'sconsulted with zelenskyy in september and signed a deal to enlist more investors. the world bank estimates the country's rebuild once the war is over, will total $349 billion. >> thank you very much >>> let's break down the impact that sanctions are having on russia with us is former ohio senator robert portman welcome. good to have you with us and welcome to the post senate career how is it going? liking it? >> thanks. i'm glad to be out, but i want to stay engaged on issues like ukraine because they're so important. i'm glad you're taking time to talk about that. >> one of your many areas of expertise is trade you're a former trade representative we want to talk about trade with russia and china about us let's start with ukraine. are the sanctions really hurting russia in. >> yes, and no there's no question they're hurting russia in certain sectors including not allowing russia to proceed with some of the advanced manufacturing they would like to do, not having access to semiconducto

pfizer and moderna, the vaccine makers, and blackrock, because they invest too much in esg. and wait the last one be disney and you know why, ashley. you know why more than anybody. ashley: yes, indeed. [laughter] don't live too far from the house of the mouse. all right, lauren thank you very much by the way disney reports after the bell today so that should be interesting so let's get back to the markets. we are moving ever so slightly lower after a nice rally at the end yesterday. let's bring in lou basinese had s to talk about the markets and i guess the question everyone is asking is the bear market over. what say you? >> my crystal ball says the bear market and biotech is definitely over so the bigger indexes we've been on in recent weeks talking about big tech being vulnerable but if you look at biotech which is the most speculative area of the market where people take off risk first that happens. the index, the xbi came down 65 % one of the biggest sell-off in history from february 2019, but since may of last year, the xb i'm rebounded 46% so you're seeing biotech co

>> liz, turn of the decade, goldman, blackrock, every agreed that u.s.nal markets. first two years we didn't see that play out. people are starting to buy in more. everything overseas is in turmoil. people won't invest in china. i'm not a fan of that either. it infect as lot of asia, and superpower, what is going on in ukraine, middle east, everything else. what already started out as depressed multiples, high dividend yields are even more depressed multiples and higher dividend yields. a lot of opportunity. emerging market growing twice the rate of u.s. there is a lot of opportunity for the investor with patience willing to buy here. liz: you have evt, etf, what do you expect from federal reserve? >> if you look at bond market, most people predicted 5.25%. throwing a guess in the ring, i'm guessing that is too low. the fed wants to see unemployment a full 1% higher. we have a long way to go to get there they expected housing to soften a lot more. it is showing incredible strength. economy stronger than expected. i think they have to go higher than they'

competent on amazon -- dependent on amazon, but some of this is through investment management firms like blackrockower. the problem is we need to change our behavior. go to our database, 1792 exchange.com, find the companies that they patronize, print off the report, walk into the office, the local branch, and if it's a high risk company, ask politely to calmly speak with the manager and say why are you doing this, are you going to cancel me? and if you're a business or a nonprofit, ask to have the terms of your agreement changed. if it's a low risk company, go into that office, thank them, encourage your friends to shop there, and we believe that market forces will work. if we change behavior, our behavior, the companies will change their behavior. rachel: yeah. it's fascinating, the amount of power that you say we as individuals have to change their mind. it reminds me a lot of congress. people forget that walk into the congressman's office actually makes a difference. and writing letters and informing them in that way. really quick, i'm concerned about banks. a lot of these, the ones that you m

conspiring with the federal government come over and over many of the people that work and the from blackrocking what technologies we can use that we have to forgo the things that made us prosperous and access to low-cost energy speech of what was the dirty secret this would john kerry and lori thank you, biden, help or they will not talk about and you need to strip mine the entire planet for all of the metals you need for electric car boundaries in their own race refining the entire nation of the republic of congo and we are talking football fields worth of filled with people taking to boxing day doing refining and toxic chemicals to pull up cobalt the new york city fire department said the nearly a dozen people died and 200 more more than 250 were injured in new york city because of fires sparked by lithium batteries used to power e scooters and bikes and that is what they want but talk about. michael: one is a problem we have is that if avoided move to these technologies, first we need to make sure that they are safe to use but secondly, that were relying upon foreign countries for these n

you'll hear the biggest asset managers in the word like blackrock or vanguard talk about climate riskmany of those esg promoting asset managers don't say a peep about china related investment risk and the answer for why is clear. they have deep seated conflicts of interest in china that prevent them from talking about china-related investment risks so one of the reasons i founded strive was to actually be a vocal fiduciary for american clients but one of the ways you can do that is actually by not having those conflicts of interest and so strive is a business, for example, on day one, said we weren't going to build an asset management business in china but that then puts us in a position to talk about these china-related risks. you see a spy balloon flying over the united states, an increasingly aggressive posture towards taiwan. i think one of the great under- appreciated risks in capital markets over the next several years is the risk that china actually makes its move on taiwan and i think capital markets are under-prepared for what the consequences of that event could be and i hop

. >> i bet the folks at blackrock are asking a lot of questions like when did you know about this proberds clashing) -had enough? -no... arthritis. here. aspercreme arthritis. full prescription-strength? reduces inflammation? thank the gods. don't thank them too soon. kick pain in the aspercreme. >>> let's take a check on the companies that are have reported earnings in the after hours session across the board the standout here is apple really reversing here on some of the guidance that it's giving for the current quarter. it is now down only a half a percent. and for amazon, we're continuing to watch comments from the ceo andy jassy the first time a ceo has been on this call in more than a decade, at least so this will be, of course, the big story of tomorrow. time for the final trade let's go around the horn steve? >> unh been under a lot of pressure i think it could still fade a little bit from here, but i'm ready to start stepping in nibble uns. >> karen >> pfizer. didn't good down if we get a rotation back to big ph pharma, a good play. >> fxi >> cramer is down there in florida. >>

you know, larry fink at goldman, at blackrock has a nine trillion dollar business.ard to double nine trillion. goldman sachs asset management, i don't know, i should know this off the top of my head but i think it is in the billions. they could probably double that, you know what i'm saying? that's where i think they're going. we should also point out that, goldman sachs has a, has a history of being among the best trading and investment banking franchises. so don't, don't discount that. the one thing i say about david going forward, there is a lot of consternation, mostly personal, rather than performance so to speak. the the d egg d.j.ing gets inside people annoyed. >> who cares. >> i'm just saying. >> maybe it is compensation. >> here is the thing, when you have people on the inside taking shots at you, a lot of ceos can with stand the analyst attacking them, politicians, whatever. bob chapek, he could take ron desantis attacking him. it is hard to take people internally like a bob iger talking to a board member and attacking him from within. liz: yeah. >> that's

jonathan: wei li coming up from blackrock.♪ these days, our households depend on the internet more and more. families grow, houses get smarter, and our demands on the internet increase. that's why we just boosted speeds for over 20 million xfinity customers, on us. so you get more of the speed you need for day and night streaming. more speed you need when you're work from homeing. and more speed you need as your family keeps growing. check in on your current speed through the xfinity app or upgrade to the speed that's right for you today. when people come, they say they've tried lots of diets, nothing's worked or they've lost the same 10, 20, 50 pounds over and over again. they need a real solution. i've always fought with 5-10 pounds all the time. eating all these different things and nothing's ever working. i've done the diets, all the diets. before golo, i was barely eating but the weight wasn't going anywhere. the secret to losing weight and keeping it off is managing insulin and glucose. golo takes a systematic approach t

so to come, blackrock tells us why they are cautiously optimistic when it comes to the asia credit marketisors joins us for a look at those results. markets coverage is next. ♪ as a business owner, your bottom line is always top of mind. so start saving by switching to the mobile service designed for small business: comcast business mobile. flexible data plans mean you can get unlimited data or pay by the gig. all on the most reliable 5g network. with no line activation fees or term contracts. saving you up to 60% a year. and it's only available to comcast business internet customers. so boost your bottom line by switching today. comcast business. powering possibilities. >>

blackrock, the largest proponent of esp will forced chevron to keep a cap, while remaining a shareholder in china. and the methane leakage is much worse in china, then it is in the united states. even if you subscribe to this religion, you should be more concerned. >> they don't say a peep. at the second clue is that the left of sets is over reducing carb written -- carbon footprints. it is hostile to nuclear energy which is the lot -- the best carbon free energy production in the history of mankind. they exclude nuclear energy companies by rule. what's going on there? i'll give you the punchline. nuclear energy might be too good at solving the problem. if you solve the problem you no longer have climate as the excuse for what really is american exceptionalism. we have these secular religions arrive as the same time. racial focus on. -- wokeism. covdism which is a religion of its own. what's going on in america today? it's not acquisitive. the reason we see that in america today is that there is something deeper going on. there is a vacuum at the heart of our national soul. we are in the

we have seen similar cuts at morgan stanley and blackrock as well. let's get back to the rbi, it is also moved to alleviate fears over contagion fallout from adani group. is their fear of a spill of are becoming less likely? >> that seems to be the case and we have heard from a number of different regulators, market officials and government officials saying essentially that this is something that is company specific. it doesn't affect the broader industry. this topic of adani did come up in the press conference yesterday. the rbi evan are shared his views on -- evan are shared his views. what it means for the global health of the banking sector. >> in individual cases and their numbers, we do not discuss in the public domain. the strength size and resilience of the indian banking system is now much larger and stronger to be affected by an individual incident or a case like this. >> it does echo what we heard from moody's as well a few days ago. they said the exposure of indian banks to adani assets is looking at 1% of their total assets. that could m

it needs the goldman sachs and the morgan stanley and the blackrock to come in the industry it needsrom congress it needs clear rules of the road from the s.e.c this -- the crypto meltdown has punctuated the problem, has educated everybody on it, but also, it's underscored the idea that it's time for the world to provide a constructive transparent framework for digital assets so that we can move the financial system out of the 20th century into the 21st century. now you do work with silver gate bank issued loans to macro strategy that focuses on bitcoin to buy more bitcoin we continue to do business with the bank given the fact that in addition to the headlines today, that it is in the midst of a u.s. fraud probe over the ftx alameda dealings, we have seen what was essentially based on filings a run on that bank >> i think they've handled themselves admirably given the stress of the situation, and yes, we will continue to do business with silvergate you know, the institutions that were properly constructed, collapsed. the alameda, the ftx, the voyager, and blockfy of the world. silve

rick rieder had a lot of cash at blackrock and that has been chopped away at.re still is enough cash other that people are looking at a dislocation. tom: this looks like kansas city. jonathan: what is on that? tom: british. lisa: british but also kansas city. jonathan: i am not sure what i think of that. fitch's positive.1%. ♪ leigh-ann: with the first word news, i'm leigh-ann gerrans. opec's top official urging companies to invest in oil to meet the future energy needs. the secretary-general of the organization says climate policies need to meet more balanced and fair and policymakers need to look at the big picture. goldman sachs ceo david solomon reported to have said should have acted sooner to cut jobs. he told a private meeting that layouts would have been less drastic had he reacted when signs of a slowdown again to emerge in the second quarter of last year. goldman is slashing 6.5% of the headcount, one of the largest rounds of job reductions ever. the kansas city chiefs be the philadelphia eagles 38-35 and these super bowl. the quarterback patrick maho

we are talking about schwab, blackrock. morgan stanley. goldman sachs still is an agent.s difficult to get a higher valuation. at the same time i do not think they will make any big acquisitions. right now they want to have a calm where they can tell shareholders will be more efficient and use less capital and we will find ways to be profitable and be smart. lisa: there is a big question within this which is how will they expand more into that stable kind of business without making acquisition without making major investments and without playing out any kind of path to do so in this presentation. ken: when you look at their presentation is not going bigger and deeper and terms of asset management or alternative investments. it will be more the wealth management side, the advisory side, and areas like larry fink had, which is getting the ishares with etf. in time when they need to look for more predictable recurring revenue stream and a lower source of funding, it might be some of the custodial banks or even state street, which has a great etf franchise. goldman would neve

jonathan: will also catch up with kate moore of blackrock. all of that coming up the next hour.ect guest. it is time for a brief on the theories that are out there. vincent reinhart has lived them at the federal reserve and he goes -- he knows going back. i know you remember the paper we already in november 2021 from lubbock and williams and the modern theory is founded on our star in that first effort i recall measuring the national rate of interest. do we have a clue of where this theoretical foundation is right now? we know where our start should be or is? vincent: the concept goes back to a century ago and the answer is we have not made a lot of progress in the 125 years since. we may have gotten a little bit more sophisticated on the technique. it is hard to tell. the basic story is working out or close to potential for the last couple of years. the real rate was negative. must be the equilibrium rate was low. that is one way of estimating it. that is how lubbock and williams does it. tom: let's move farther back with the certitude you had with chairman greenspan that someh

tom: a couple years ago, good number of years, with the event at blackrock, i saw the two of you at princetonte. to me this is a key point coming out of a natural disaster, a pandemic. do we aggregate in our analysis or are things so messed up that we have to disaggregate labor disaggregate monetary policy? disaggregate the -- do we disaggregate here or are we going to sum up like we are ultimately used to doing? >> when you think about the fed in particular, they are interested in bringing the overall inflation, meaning headline pce inflation, back to the 2% target. in order to understand dynamics, we have to the aggregate. this is particularly relevant in the recent of assad where we have services and goods evolving due to the shock to the economy with the services prices initially declining but increasing more rapidly and good prices -- goods prices falling sharply initially and rebounding strongly to the supply chain issue. we have to look under the hood and look at the details of the components to understand it as a whole. lisa: when you disaggregate, perhaps we will find rolling recessi

trying to do right now with alternate partnerships to bring other investors into the business, our blackrocke can go try some different things that we haven't done before. we're moving outside of our traditional operating footprint. the capital that they're going to bring in, allows us to try different deployment constructs, different business models. we think it's going to be really, really helpful and it's going to give us a little more scale. >> where the payout is now and the dividend coverage, it's not -- you're not concerned with it you're not up at night. >> we made a lot of hard decisions probably starting a year and a half, two years ago prior to the devest temperature of warner media, and one of it was resizing our capital structure. and we set the dividend a level that we thought was sustainable for the business we have now and i think you look at last year's performance and you look at the cash flow dynamics, and what we've got to do this year, we got to do a $16 billion cash flow number -- or dividend obligation in a year is about 8 billion. it gives us a lot of looatituden top