this is bloomberg. yvonne: we are taking a look at cattle shares right now in shenzhen. the tesla suppliers plunging as much as 8% or more. this is back to lows that we saw about four months ago, but falling the most since july of 2021. so, there has been some reports and speculation that the u.s. could be imposing sanctions on the company. what we are hearing is that they are saying it is false information that the company consults about the possibility of those sanctions. but we continue to see pressure on the stock today. haslinda: all right. still ahead this hour, india's central bank on paul's, but for how long? as inflationary pressure build, we get the outlook from the head of the rpi' -- next, why asia remains a great place to harvest dividends and where opportunities lie in cost sector megatrends. this is bloomberg. ♪ this is bloomberg. ♪ >> the economy is shaking off this pandemic. >> we are starting to see people come into the labor force. >> jobs report. >> do not see the expected omicron im

this is bloomberg. ♪ matt: this is bloomberg markets. i'm matt miller. latest numbers from the mortgage bankers association showed mortgage applications. the index fell more than 8% last week. home purchases and refinancings also declined the 30 year fixed rate stands at 3.8% compared to 2.96% a year ago. joining us for more insight on the market and specifically into construction is peggy hogan marker, president of the marker construction group. her firm is involved in residential hotel and manufacturing construction. i'm going to ask the region that you work in most. this is such a regional marker. are you focused on south florida? >> throughout the state but predominantly south florida. matt: what is the biggest difference between the market right now in previous years? is it a lack of everything shortage as we have heard it described? >> it's the perfect storm right now. obviously we've got supply chain issues and lack of materials driving prices up on top of that because of the pandemic and we have fantastic weather and tax structure in south florid

this is bloomberg. ♪ ritika: this is "bloomberg markets."future officer, -- "chief future officer," this episode featuring macy's ceo. this is bloomberg. keeping you up-to-date with news from around the world, here is the first word. i'm ritika gupta. the biden administration has delayed issuing permits for new oil and gas drilling on federal land. that could complicate efforts to keep gasoline prices under control. if federal judge blocked the administration's method for assessing how its approvals affect climate change. banks froze about $6.1 million in just over 200 accounts under emergency powers meant to end trucker protests, according to a government official. prime minister justin trudeau invokes the powers last week to cut off funding to protest leaders. in the u.k., police investor getting the so-called party gate scandal have told prime minster boris johnson and others they are being questioned under caution. that means any answers may be used as evidence, quitting to a document obtained by i to be news. -- obtained by itv news. gl

this is bloomberg. ♪ anna: this is bloomberg markets.rade. we also have the euro and brent, two other assets on the move. brent crude whipsawed by the latest the geopolitical back story. $94.20 is where we trade. i talked to russell harvey who is talking about $100 a barrel shortly. we will get to that interview later in the programming. the euro holding onto its earlier gains. we have seen yields back into positive territory in february. we talk about the ecb and when will see the first hike in that cycle. that talk pushed to the sidelines by the geopolitics. once again we are seeing bones -- we are seeing bunds catch a bit. let us get more perspective on where we are with these markets. david sowerby joins us now. good to speak to you. let me ask you the big picture question in we dive into the specifics. there is so much geopolitics and i know for many money managers trying to focus on fundamentals and value come this might seem like a distraction, but it seems to be permeating into all aspects. how much can you stay away from the geo

this is bloomberg. ♪ matt: this is bloomberg markets. i'm matt miller.'s get to something that caught my eye today, the repositioning by markets for changes in central bank policy. we have a chart that you can see, shows the fed imply rate change through 2020 and white. ecb in blue. we have seen a real pickup here in the fed, and now we expect four increases in 2022. that is priced in even though the dot plot showed us three. before that we thought only two. now some are talking about six or seven, and we have some people telling the financial times, maybe we could even see a 50 basis point increase at the live meeting in march. philadelphia fed president patrick harker spoke exclusively this morning with bloomberg. take a listen to his stance on rates. >> this has always been the question, how quickly are the supply chain constraints going to believe us? it looks like now that they will take some time. slowing down some demand, which is what monetary policy does, is appropriate. i don't think we are behind the curve in that sense because we don't affect

this is bloomberg. ♪ matt: this is bloomberg markets.estment banks are waiting more than $100 billion in massive debt packages to help in the battle of global acquisitions. goldman sachs is at the top in market share over the past 12 months in m&a and going back much further beyond that. joining us now is the global head of global -- head of acquisition finance at goldman sachs. she joins us with our star m&a reporter. let us first ask you about the boom that we saw last year and the first month of this year as well. are you readying if building blocks for that to continue? >> absolutely. great to be here. great to see you in person, hopefully will be out in person in may. a great year, the m&a market was a horrible try -- was a $4.7 billion market. we did $4.1 trillion last year. importantly, we saw sponsors continue to take gain market shares. in the m&a market, therefore point $7 trillion -- that $4.7 trillion was higher. that compares to the peak of 55% a few years ago. we are seeing sponsors. >> we have seen this phenomenon or the e

bloomberg, founder of bloomberg. more bloomberg coming up.ark: i am mark crumpton with first word news. president biden's top advisors are repackaging his economic message to the american public. this comes at a time when his approval ratings are sinking and the president's legislative agenda stalls in congress. in the has week -- last week mrs on growth in wages, union jobs and domestic manufacturing. he is giving less weight to areas that are sore points with voters, such as inflation and the partisan bickering over covid. former new york governor andrew cuomo isn't ruling out another run for public office. but he says it's too soon to talk about it. cuomo spoke to bloomberg five months after he resigned over a swirl of sexual harassment allegations. he says there were serious mistakes made by new york attorney general james and the lawyers who investigated claims against him. james' office says no one can dispute the fact that the investigations found allegations of sexual harassment against cuomo to be credible. confidence building gestur

this is bloomberg. ♪ ritika: this is bloomberg. let's check in on the bloomberg first word news.icate private-sector payrolls in the u.s. fell by 300 january. that comes from the adp national employment report. earlier, the white house said that brief absences of workers due to omicron could overstate the number of unemployed people for the last month. the generate jobs report comes out on friday. in the euro area, inflation surprisingly hit a record in january. consumer prices jumped 5.1% from a year ago. none of the economists surveyed by bloomberg saw excel recent accelerated. it is the latest challenge to the ecb plan to pare back stimulus more slowly than its counterparts in both the u.s. on the u.k. 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'm ritika gupta. this is bloomberg. kailey: the u.s. wants to ensure that europe does not run out of energy if russia invades ukraine. bloomberg has learned that the u.s. and its european allies have approached china and other major natio

this is bloomberg. ♪ bloomberg. ♪ matt: this is bloomberg markets. i'm matt miller.re going to head down to florida. ed ludlow is following elon musk around -- sorry, he is in texas. what do we expect to hear from -- what is his official title at tesla now? chief super king or something? >> we expect to hear his latest and greatest about human spaceflight into space. behind me, you cannot escape it, that is the latest veneration of starships. 120 meters tall. he gave the speech in september 2019, outlined these grand visions. human tesla within a year. none of that happened. you think back to may of last year where they went six miles into the air and landed successfully after four fireballs. so when are we going to the moon, mars? what is this thing behind me capable of doing, and when? jon: the update on starship is highly anticipated, but star link has been creating some chaos. there have been some concerns on several fronts with the satellite ventures. ed: there are around 1500 starbucks satellites in consolation in orbit. spacex have been pretty unstoppable, alr

this is bloomberg. ♪ ♪ ritika: let's check in on the bloomberg first word news.uropean union will snub a request by russian foreign minister sergei lavrov for its member countries to respond individually to moscow's demands on a regional security framework. instead, the eu foreign policy chief will respond on behalf of the bloc, according to a draft of the letter seen by bloomberg. the u.s. and u.k. say russia has acumen laded almost 130,000 troops close to the border of ukraine. russia has repeatedly denied that it plans to attack. the new head of germany's bundesbank says the ecb may need to raise interest rates this year if the inflation outlook does not improve significant. he spoke to a german newspaper. he said the ecb has reached a point that is a textbook case for central-bank action. a new york judge has granted bail for two people charged with trying to launder billions of dollars worth of bitcoin. cryptocurrency was stolen in a 2016 hack. they were arrested yesterday. to government says it seized about $3.6 billion of cryptocurrency from the couple. gl

this is bloomberg. ♪ angel this is: bloomberg markets, the european close.loomberg's monthly series chief future officer. the episode featuring macy's cfo adrian mitchell is down bloomberg.com and youtube. this is bloomberg. now keeping you up-to-date with news from around the world. here is the first word news. the u.s. now says russia house mast as many as 190,000 personnel in and around ukraine. it calls of the most significant military mobilization since world war ii. the u.s. has ramped up warnings about a possible russian attack on ukraine. russian officials say no invasion is planned. a giant cargo ship carrying almost 4000 vehicles from volkswagen pop fire and is adrift near the azores islands in the atlantic. the crewmembers were taken off by the helicopter. luxury models, including porsche, audi, and lamborghini. storm chaos across london. more than 150,000 homes are without power. hundreds of flights have been canceled and wines may reach 80 miles per hour. it follows less than 48 hours after storm dudley caused disruption. eunice is also making i

welcome to bloomberg.w you know the president because you are both from the state of delaware. it is a pleasure to speak to you, ambassador. you are a long way from delaware, but conversations about relaunching the economy including inflationary pressures is at the forefront of what you were trying to do. what is the biggest surprise for you and some of the challenges the economy is facing? jack: good morning, great to be with you. i'm still quite early, i started last week. i have been getting to know the team at the oecd. we are a terrific team, and excited about the opportunity to work on one of the most important multilateral organizations anywhere. we think this is a terrific moment in time for all of us, all of the members of the oecd to prove we can deliver for our people. francine: a lot of criticism has been made on multinational corporations, something about the wto and others. can you confirm the u.s. commitment to those? jack: absolutely. i met with president biden a couple of weeks ago, and ha

this is bloomberg. ♪this is bloomberg. ♪ manus: it is "bloomberg daybreak: europe."rger in london. brent crude is fluctuating as the rally cools off after seven weeks of gains as the market flashes signs of tightness. saudi arabia raises prices. make hay while the sunshine's. we are going to restock and china and raise prices. we are off to the moon for oil. a bullish maneuver by the saudi's. >> every month, saudi arabia gives new crisis. they are boosting it quite a bit signaling saudi arabia things the bullish sentiment continue and there is justification for higher prices. it is a continuation that shows intentionally that they supply demand mix match -- mismatch will continue with brent crude at about $93 per barrel. $100 is within sight and there are a lot of bullish factors we are sitting on including the situation in ukraine. if it were to worsen, that would be more risk premium for oil. inventories being drained in the u.s. and even china. prices are still not high enough for them to stop buying. there are a lot of different factors that saudi arabia was look

this is bloomberg. ♪ s is bloomberg. ♪ ♪ tom: welcome back.cator from citigroup's signaling it is time to buy the dip. a note today says only seven of the 18 potential red flags in citi's bear market checklist are waving. let's bring in money stiff pond -- bring in maneesh deshpande, barclays head of equity derivatives strategy. i want to start with the european markets before we start to go to hedging. is there a complacency in these markets? does that sound rational to you at this point? maneesh: yes, i do think there are clearly still risks ahead, and if things escalate from here , european equities would be more vulnerable from this point. you to date, even months to date , when russia tensions have escalated, european markets have not suffered more. so i think there is a bit of complacency here. i think it depends on what further sanctions are put in and what the effect of those sanctions are going to be. but right now we do think that buying options on european equities would be the most cost-effective way of hedging. kailey: where else

this is bloomberg. ♪ matt: this is bloomberg markets.ant to focus on the credit markets. we just showed you how expensive it has become to ensure russian debt and you might expect that after the invasion of ukraine. jp morgan is hosting its global high yield leveraged finance conference in miami. ed hammond is there as well as john zito from credit at apollo, overseeing 350 billion dollars in assets under management step thank you so much for joining us. wouldn't this conference -- this conference is focused on war which is unusual but it's reverberating around the world so what does it mean for your business? >> how are you doing? i want to thank jp morgan for having this conference every year. it's a time for everybody to get together and it's the first time we've gotten together since covid stop there is 1200 people here so it's nice to see everybody. the times are much different than usual, the environment, i haven't seen something like this in quite a while. it's shocking to see how the markets have responded to such a large geopoli

this is bloomberg. ♪ ♪ ritika: it is time for the bloomberg business flash.hreat of strikes in germany. it reached a labor deal that would allow continued production of its best-selling a320 jetliner. the agreement rules out mandatory job cuts and restructure plans until 2030. home depot has a goal that will be made more difficult by the tight labor market for retailers. for the critical spring season, that is a total of 100,000 employees. home depot says it will speed up the process so they can they can offer within a day of receiving the application. tesla is disabling a feature, it's self-driving system they came under scrutiny from relators -- from regulators. no accidents have been reported. tesla will recall more than 53,000 vehicles. that is your latest business flash. guy: thank you very much, indeed. we are counting you down to the close on the first day of february here in europe, and it is a generally positive session. we are off our highs in europe. the basic resources sector, the miners are doing well. the stoxx 600, 473. we are up by 1%, trading

this is bloomberg. ♪ ♪ dani: welcome back to "bloomberg daybreak: europe."burger alongside manus cranny in dubai. we've had so many earnings interviews, executives we have talked to over the past few weeks and this question of cost, inflation, that sort of pressure in the supply chain keeps coming up. a lot of people said those pressures are likely to abate. the evidence that it is abating is not there yet. if you're a company beating on sales yet missing on earnings-per-share, that is evidence that that gap is made up by cost pressures. in fact, if we measure margins by this way, it is the worst year, the worst corridor for margin pressure, according to bank of america, on record. their data goes back to 2012, but this just highlights the point that in europe, the stoxx 600, there is an issue with cost. with us is fabiana fedeli, chief investment officer of equities and multi-asset at m&g investments. how much of an issue is this, is the cost picture for european corporates? fabiana: this is the issue that you have to keep in mind when you are picking stock

we have more to come on bloomberg asia. this is bloomberg. and exchange commission is preparing to take up a range of policy changes starting next week in response to wild trading in meme stores last year. gary discussed how to better protect investors in an exclusive interview with bloomberg. >> we do have a broad agenda. crypto is a part of that agenda. it's an agenda to have the capital work and the investments work better for the public and companies on the other side, to drive for efficiency in these markets. as to your question about crypto, the agency is really just looking at more investors and many of these tokens, not trying to prejudge anyone, but many of these tokens have the attributes of securities. they're raising money from the public and the public is anticipating profits based on the efforts of others. and so we've brought a number of actions. we're trying to work with the various crypto platforms, the exchanges, the lending platforms to come in, get registered, find where we can to adjust our rules set to get the investor p

this is bloomberg. ♪ matt: this is bloomberg markets. i'm matt miller.are just two minutes and 20 seconds away from the spacex falcon nine launch. they will bring 49 starlink satellites to the kennedy space center in florida. you can see the preparations and the countdown, live. we are going to bring and and love to -- ed ludlow. there is a definitive time window here. they have to hit this window or it is no go. >> this is what is called an instantaneous launch window. they need to put the satellites into a very specific orbit, synchronicity around the earth. that means the window is very precise. less than two minutes away. skies look beautiful. what they are doing is venting the byproducts, kerosene, liquid oxygen. skies look good. what they are looking for is any exclusion zone risk, aircraft coming into the exclusion zone without authority to do so, any kind of technical computer issue. if they launch late, they would miss their targeted orbital path. this is another 49 satellites to a consolation that is more than 1500. star link network has global

this is bloomberg. ♪ >> welcome to bloomberg markets.ere are the top stories we are following from around the world. tensions remain surrounding ukraine, as mark mentioned the german chancellor met with president putin today in moscow and president biden will address the u.s. on the situation later today. and while ukraine tensions are starting to ease, so are the protests in canada. protesters are heading home, leading to those border crossings finally being reopened. virgin galactic is ready for customers to defy gravity, announcing it is opening commercial ticket sales, a huge milestone in their mission for space tourism. all that and more is coming up. jon: and he said it, the easing tensions narrative has been what investors have been looking at today. here is a look at what has been happening in trading. the obvious sector that is worth watching is tech, investors willing to get into the beaten up names in the s&p, stocks like nvidia, a big deal with intel leading momentum from the chip group. on the other side, energy, which has h

this is bloomberg. ♪ this is bloomberg. ♪ francine: welcome back to the open. a lot of focus on what is going on with ukraine. a lot of pressure on the markets. the dax down 2.5 percent. the focus on ukraine and commodities. mark cudmore has a great chart of consumer expectations. we are seeing havens bid in terms of bonds but also the swiss franc because of the uncertainty surrounding ukraine. the other story we are watching out for is clariant, down 16%. an investigation into its accounting after internal whistleblowers warned the company may have incorrectly booked provisions. the stock is getting slapped. let's take a look at some of the events we are following this week. today, the german chancellor travels to ukraine. and the latest round of earnings on tuesday from the minors. cpi on wednesday. on thursday, it is turkey's rate decision. on friday, french cpi for january. to talk us through the week, still with us is sharon bell from goldman sachs. what do you like in these european equities at th

this is bloomberg. ♪ this is bloomberg. ♪ haslinda: welcome back. earnings season for singapore's top three banks has kicked off. dbs group posted a 37% growth profit. net income in southeast asia's largest lender was boosted by its highest low growth in seven years, and increase fee income. let's discuss this and more with harsh modi, research from j.p. morgan, who has an overweight rating on all the top three singapore banks. good to have you with us. i am wondering, in terms of growth momentum, is that sustainable going forward or will that be impacted by a slowing china, given their exposure to the chinese market? harsh: thanks for having me on the show. absolutely i think there are some risks to growth. but on the flipside we are seeing very sustained trade loads holding up quite well. singapore property market is doing quite well. we have both mortgages holding up, developing land bank. even the logistics sector is looking quite good. so what we are seeing is yes, there are risks, there are risks across the board. especially so in china. but o

this is bloomberg. shery: still ahead, we will break down the latest results from meta and amazon. up next, j.p. morgan's global research chair will tell us why she is expecting five hikes from the fed starting in march. this is bloomberg. shery: brazil is extending the world's most aggressive tightening cycle. our next guest says markets have a lot to learn about the fed balance sheet normalization. always good to see you. give us some of your insights of what markets and investors should be watching as we continue to see these global central banks moving toward normalization and tightening. >> the point i would make is that this time it's different. it's the higher inflation and the type labor markets. we still have inflation risk because of higher wages, housing prices. we have revised our outlook for the fed of five rate hikes this year and two more in the first quarter of 2023. i think normalization process for balance sheets starts in july. this is the end of qualitative easing. there is still a l

this is bloomberg. haidi: let's take a look at some of the movers pretty volatile session when it comes to qantas. that stock is falling after the first half results indicating a bumpy recovery. watching more broadly some of the tourism and travel shares in australia but we did see on the optimistic side, a return to domestic capacity to almost 100 sent in june. qantas is off the session lows should sigma -- the session lows. this after the engineering construction services company is to receive an unconditional and final takeover bid to buy the rest of the shares it does not already on. 22 australian dollars per share in cash. we continue to be in the thick of earnings. full year net income, 22.5 million dollars. one of the underperformers. they collect and label images, text to speech audio and other data for artificial intelligence systems. that company down 15%. will be hearing from the ceo of qantas to talk through the results. talk through the impact of australia's international border real thing

this is bloomberg. ♪ bloomberg. ♪ rishaad: you are back with bloomberg markets.jing being the first city to hold both versions of the olympics but china 2022 looks very different from the country that welcomed those athletes in 2008. but how much has the chinese economy and its markets changed? haslinda: we are talking 13 years, so you can expect a lot of changes. the last time beijing played host, traders were climbing out of a great bubble burst in mainland equities. since the bottom, hong kong and mainland has grown more than six times combined. chinese people now have more tools at their fingertips to help them buy. at the summer games only around 20% of people were connected to the internet. the iphone was yet to arrive in the country, while wechat was not even invented. and the market has grown sevenfold since the 2008 olympics. this should help the segment grown nearly 13% per annum over the next five years. so, to your question, a lot has changed. rishaad: all right, indeed. well, let's talk about the consumer in china with the olympics underway and the l

this is bloomberg. ♪ >> the way i think about it is this. we've got two-sided risks. we've got an upside sort of risk which now come from two things. one, as we were discussing a few minutes ago, second round effects and wage price. unfortunately i think we've also now got an upside risk on financial prices from worse things happening. dani: the boe's andrew bailey on risks from ukraine. we are joined now by graham secker, chief european equity strategist at morgan stanley. thank you for joining us. you are joining us on the day when this market is getting punched around from russia headline to russia headline, now heading to losses in both u.s. and european stocks. how much is your outlook on this european equity market and punched around by the latest headlines? graham: it creates near-term uncertainty broadly around equity risk premia and valuation, but for us at this stage, we are not really thinking of changing our fundamental outlook. the economic and barman we are seeing right now is actually qui

welcome to "bloomberg markets." tensions on the rise over ukraine as vladimir putin says he will make a decision today on official recognition of separatists in eastern ukraine. we will bring you the latest on the developing situation. as tensions rise over ukraine, russian markets take a hit, at one point seeing their worst day since 2008. we will bring you the latest as that situation unfolds. and we will bring you the latest as european banks -- on european banks as deutsche bank warns employees not to delete messages on whatsapp. all of that and more coming up this hour. let's check the markets for you. this is a situation across some key markets as we continue to focus on the geopolitics. the stoxx 600 in negative territory. started the day positively on hopes we would see president biden and putin meeting. in those hopes quickly dashed as the quinlan said there were no concrete plans for that meeting. then we heard from putin and lavrov and many other voices. it did seem to lean in the direction of diminishing

this is bloomberg. then coming up later, we also look at facebook, now known as meta-, and what investors will come out with. that extra advertising spending money could be stalling some of the other companies that we are talking about. tom: we have the idiosyncrasy of paypal and that is around ebay and the exposure they have for that. that is less interesting than alphabetic given the size and scope as sales growth for them. sales points to that strength across the broader economy and meta is likely to pick up. starbucks was interesting. they are now paying $17 on average their employees. francine: i am so glad that you said that i will not be spending $70 on a cappuccino. let us get to the bloomberg business flash. laura: alphabet shares have jumped as earnings topped estimates. fourth quarter sales earned almost $62 billion. gains were driven by advertising and were focused on e-commerce. cloud revenue only narrowly beat the industry. amd is stocks rallied after giving a surprisingly strong sales qua

this is bloomberg. shery: jamie dimon says market volatility is inevitable. he spoke to bloomberg about his outlook. >> it's really good to step back two years ago. we were here two years ago. we had 15% unemployment and no vaccine, so i applaud what the government did get things back. it's very easy to second-guess all that. probably too much fiscal stimulus and quantitative easing, but still a strong economy. i think the fed will try to meet that with strength by raising rates and reversing qe. i wish them the best. >> how many rate raises do you think we should see this year? >> it could be seven or nine, could be more, could be less. can you imagine the fed saying we are not going to be data-dependent at all? they should be data-dependent. i don't think all inflation is temporary, but i think part of it will get better over time. i don't think they should promise us what they are going to do because they don't know what they are going to do. they need to retain flexibility. >> let's talk about j.p.

this is bloomberg. ♪ >> this is ahead on bloomberg markets: asia. investors are continuing to pour money into tech stocks. the index has reached a key 1700 level for the first time in two years. today, foreign influence tie equity more than $1.7 billion, the most in asia as the government plans to ease border restrictions to help tourism reliant economy. joining us for an excuse of interview is stock exchange of thailand president. could you happy you with us. first off, sustainable going forward in 2022? >> when you look at inflow into thailand, during the past few years, we have seen mostly outflow. but now, wants the covid situation has been better controlled, you see that they are telling folks to come back. especially the end of last year. now in january, dollars coming back. also, tourist industry that has been recovered from the covid control. also the export sector in thailand which is half of our business here has been booming. that would attract more foreign investors in the long run. >> can you put a figure to that expected for the year?

this is bloomberg. ♪ rishaad: this is bloomberg markets.a look at what is going on in the latest business flash headlines. alibaba slipping its focus from high-growth to retaining users. that is as it recalibrate its strategy in the wake of china's technology crackdown. that is the slowest since its 2014 alley but -- ipo. alibaba has taken $3.2 billion in the last three-month of last year. and that is widely down in its global investment portfolio. citigroup, the first bank to eliminate overdraft fees. to the lender saying it is illuminating the fees along with the return charges by the summer. politicians and consumer advocates have criticized the charges for their impact on low income consumers. orders for my journals covid-19 shot rose modestly as it battles rivals for market share. and we see these pandemic concerns ease. they say they've signed $19 billion of deals for 2022 sales of its mrna vaccine, up from 18 and a half billion dollars announced in january. options for orders are half a billion dollars lower than previously announced

this is bloomberg. ♪ ritika: this is "bloomberg markets."into bloomberg's monthly series featuring macy's ceo, now on bloomberg.com. this is bloomberg. let's check in on the bloomberg first word news. the head of islamic state has been killed during a u.s. counterterrorism raid in northwest syria. president biden said he was "removed from the battlefield" during the operation. a senior u.s. official says he detonated a bomb that killed himself and numbers of his family. all americans are said to have returned safely from the raid. applications for state unemployment benefits fell for the second week in a row. initial jobless claims declined by 23,000 to 238,000. tomorrow the government comes out with the monthly jobs report. on the next episode of bloombergquint take,, barnett -- bloomberg quicktake,, barnett -- emma barnett speaks with al sharpton. >> i think we are in a different spot of voting rights and these questions, and i don't know that we are going to be able to get to this dialogue of healing for a minute now. i think this is goin

this is bloomberg. jon: this is bloomberg markets. i'm jon erlichman.e are watching a continued weakness for some of those technology stocks, as we are also watching the continued rally in oil. matt: brent crude rising to $95, the highest price we have seen since 2014. right now at 95.15. really interesting rise. meanwhile, treasuries have erased their declines. the 10-year yield had a session low of 1.946. taking a look at treasuries. looks like we will see the numbers turnaround what we have previously seen. 1.9892. treasury yields have really been up and down. right now, they continue to fall. jon: we will continue to track the markets. meanwhile, ontario's premier doug ford earlier declared a state of emergency. the government is exercising new powers to end the blockade. let's bring in someone from ctv who has been covering this. this news coming as they were so many concerns about a lasting economic impact for both canada and the u.s. from what is going on. what is happening on the ground right now? >> that is right, the economic impact being felt

standby for bloomberg markets: china open. this is bloomberg. ♪ right here on bloomberg.n hong kong, beijing and shanghai, welcome to the china open, i am dividend less with yvonne man. >> the top story this morning, the global bond selloff extends as markets weigh the impact of tighter monetary policy on growth. the arm sale with nvidia set to be pulling out.

this is bloomberg. ♪ rishaad: we are back with bloomberg markets.or speaking at a g20 event taking place virtually in jakarta. >> is the market trying to guide expectations? since the outbreak of the global financial crisis, many emerging markets have strengthened their own financial systems. they all worked together to build the regional financial safety net. however, this health care system and relatively low vaccination rates -- with the health care system and relatively low vaccination rates, covid-19 is posing a danger to financial markets. when conditions tighten, they are more bound to be affected. to mitigate the above-mentioned spillover effects, central banks from advanced economies should continue to enhance market communications. meanwhile, emerging markets should improve readings. this is their original -- this as their original financial cooperation has a key role to play. in recent years, emerging markets in asia have witnessed substantial progress in low currency usage in regional trade and investment. as a result, the asian economie

this is bloomberg. -- kriti gupta. this is bloomberg. ♪ >> welcome to bloomberg markets.att: i'm matt miller. here are the top stories we're following around the world. it's all about jobs today as the u.s. experienced a blowout report, crushing all expectations. but the same can't be said for canada. this jobs games streak came to an end. and as the leisure and hospitality sector lead the way in job gains in the u.s., we'll speak with duane allen, owner of the restaurant and bar, the breadfruit on the states of the industry as prices continue to rise and labor is still short. plus, a big gain for amazon as its urges after its earnings beef, leading to what could be one of the biggest gains in history of the u.s. stock market, one day gains for a company. all that and more coming up. jon? jon: thanks a lot. and certainly that amazon story factors into the broader market story, positive performance, whether toronto or nasdaq today, if these levels hold for the s&p 500, it will be a winning week. i know we had that meta-meltdown the previous to that we had three of days. on

this is bloomberg. ♪ >> you are back with bloomberg markets as we look at some of the key story's investorsing out for in india. antitrust regulators. allegedly car activity. -- cartel activity. private pmi readings for january in the next few hours. the earnings season will continue. a lot of high-profile names thursday. nifty features. start to the trading day. >> let's talk about the budget. half a trillion dollars spending plan for the fiscal year starting april 1 is the nation aims to recover from the third virus wave. let's get some reaction on this budget. joining us now is that access banking executive of the treasury. we saw huge reactions in the bond market. bond investors not liking it given the huge spending plan. how do you see the bond market navigating this plan? couple -- >> the of things. it was a bit high them with the market expectation was. they're expecting something close to 5.8%-6%. that was a surprise. the second thing the market was hoping for is some kind of tax for getting india into the global bond investors. that would help. that was also missing from the budget

this is bloomberg. ♪ is is bloomberg. ♪ matt: this is "bloomberg markets ." get something that caught my eye. despite the talks about soaring inflation, u.s. consumers are spending money. numbers released today shows the value of overall purchases rose 3.8% in january, and the advance was nearly double the median estimate of 2%. when you look across the board, the increases were consistently higher than forecast. if you look at retail sales x auto, it was triple the forecast. retail sales ex auto and gas, almost four times the forecast. a big game today in retail sales. the last two reports were disappointments. the market was kind of bracing itself for a third disappointment in a row. we didn't see that though, we saw a big beat. one consumer company that is dealing with higher inflation and concerned about it is heineken. ceo dolf van den brink spoke with francine lacqua earlier today and discussed heineken's strategy around rising prices. dolf: we try to find the right balance. we are clear that is the absolute input cost increase, we want to pass off in p

this is bloomberg. ♪.is bloomberg. ♪ francine: welcome back to the open. 30 minutes into the trading day. ecb knot -- bumper u.s. job numbers fuel hike expectations. strengthening europe's eastern flank. we will speak exclusively to the head of italy's largest bank. the conversation with carla mussina in a few minutes. his views on the new business plan and the outlook for the european banking sector. when you look at the markets, there is a widening of spreads. and china is back. technology is up giving a lift to european stocks. tom: china catching up after the lunar new year break and a focus on whether you get more supportive measures and to what extent they drain liquidity as they traditionally do after lunar new year. stoxx 600 may be looking for the next catalyst. because of the context, last week you ended and the red for european equities. u.s. equities flatlining. looking ahead to the cpi print on thursday. in terms of germany come against of 22 points. a flat on the cac 40. ftse 100 also flat. a

this is bloomberg. ♪ let's check in on the bloomberg first word news.me out with some sanctions of its own, banning airlines from 36 countries from using its airspace in response to the ban by european states on flights operated by russian air carriers. the list of those banned from flying over russia include the eu countries and the u.k. in hong kong, the government is being forced to move away from the key pillars of its strict covid zero policy. a surge in new cases has overwhelmed the health care system. contact tracing has been put aside. the world's top climate scientists are warning that there is a closing window to get -- for the world. there is a growing mismatch between rising temperatures and slow, fragmented efforts to adapt. it warns that countries must do more to save billion's from floods, droughts, and other hazards. 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'm ritika gupta. this is bloomberg. guy: thank you very much, indeed. the commodi

this is bloomberg. ♪ it's -- yvonne: you are watching "bloomberg markets: china open."es, bank of new zealand hike of 25 basis points, from central bank of new zealand. this was seen by most economists here. they were forecasting a 50 basis point hike. this doesn't seem as hawkish for the rbnz.

our bloomberg -- shery: our bloomberg reporter with the latest.sible to add more defensive exposure amid those risks. let's bring in head of asia investment strategy at j.p. morgan private bank. good to have you with us. the where and how would you add those exposure assets? >> good morning, primarily through health care. we look across the global landscape and we see it continuing in the upside and see a change in terms of market price with the fed hawkish and us. we have become more cautious in the near term, while overall equity is higher by year and and we have stocks and bonds. we do think it's prudent to add things with health care. health care it is more defensive with earnings and valuation perspective and looks to be one of the more attractive sectors globally. shery: in the u.s. we are almost done with earnings season. 70% of s&p 500 companies have reported already we continue to hear warnings about profit margins. what are you seeing across asia? and is there any sector or region that you like a more? >> we are coming down from margins

this is bloomberg. ♪ shery: alert on the bloomberg on russia.mlin's claims that it had begun to remove troops from ukraine's borders are false. the market opens in seoul and tokyo are next. this is bloomberg. ♪ shery: welcome to daybreak asia. i'm shery ahn. haidi: asia is maker markets have just -- major markets are just open for trade. asian stocks set for a steady start. treasury yields and the dollar retreat. investors are wary of the ukraine's standoff. nato and the u.s. pointing to signs of russia continuing its military buildup. hong kong may carry out citywide covid testing on at least 8 million people as the city struggles to bring cases under control. shery: breaking news out of singapore. breaking numbers for gdp for the year of 2029. reports economy expanded 7.6% year on year. this would be the fastest acceleration of growth in more than a decade. for the fourth quarter, gdp grew 2.3% quarter on quarter. the estimate was for growth of 2.9%. when it comes to the fourth quarter final numbers, it is a little bit of a miss right there bu

from new york city, bloomberg tv and on bloomberg radio, this is bloomberg. ♪ ritika: keeping you up-to-dateith news from around the world with first word news. the u.s. has led condemnation of russia for a cell free -- four possibly invading a self proclaimed republic in the ukraine. u.s. and ukraine say they will put more sanctions on russia and moscow still denies it will invade ukraine. what will the u.s. and its allies define as an invasion? the increase in interest rates could be on the table next month. in hong kong, there will be mandatory hong kong -- coronavirus testing for three months. authorities are trying to stem the out rake there. carrie lam says distancing restrictions will be in place until late april. in china, tech stopped drop for a third straight session with new concern about beijing's rules. volkswagen has a potential ipo with porsche. the move would help fund record investments and -- and add value for shareholders. that could be valued up to $96 billion. this is bloomberg. ♪ >> united states will impose sanctions on russia for this clear violation of international

this is bloomberg. ♪ dani: it is bloomberg daybreak: europe.burger in london with manus cranny and dubai. let's take a look at some of the events we will be following. first at 1:30 p.m. u.k. time, the latest u.s. trade deficit figures. growth in imports expected to slow. this afternoon, we are expecting poland's rate decision. consensus is for a rate hike of 50 basis points. to 2.75%. dani: then you've got the pfizer earnings at 3:00 u.k. time the drugmaker's performance has been mixed. beating earnings expectations and three of the last four quarters. finally tonight, it is peloton's second-quarter results as nike and amazon are weighing separate bids for the at-home fitness business. volatility is a byword in peloton, a battering as we come out of the pandemic. softbank has released its third-quarter numbers in the last hour. we've got the news about the deal with nvidia and arm falling apart. juliette saly has the details. good to have you with us. they have confirmed what we suspected is they are going to take arm public. what are the nuan

this is bloomberg. ♪ greg: welcome to "bloomberg markets."ere are the top stories we are following for you from around the world. it has been a wild ride for oil, with ongoing russian ukraine tensions and a conclusion to nuclear talks with iran. in just a moment he will discuss the moves with rebecca babin. plus, retailers are struggling with increasing wages and rising prices for raw materials. we discuss the impact it has on corporate earnings. canadian banks are expected to report their smallest earnings increases in a year, but profit growth is likely to come back with rising rates. that and more, coming up. greg: checking in on the major markets right now, investors and the global community are still trying to make sense of what's happening. it has been a choppy trade where we dipped briefly into positive territory before following again. the broader read of the american market and s&p 500 is down one full percent and right now in toronto the materials trade can be to our benefit. not down as much, about one third. of course the big ques

tom: stay with us through the day on bloomberg radio and bloomberg television.conversation with paul krugman, look for that in the 12:00 hour. this is bloomberg. ♪ jonathan: given the week we have had in the treasury market would you guess the equity market was up on the week? futures up .1%. good morning to you all. "the countdown to the open" starts now. >> everything you need to get set for the start of u.s. trading. this is "bloomberg: the open" with jonathan ferro. jonathan: we begin with the big issue. big forecasts. >> this is the scenario the fed was concerned about. >> this is what you did not want to see. >> what is the fed going to do from here? >> weather 7.3% or 7.5%, they will go and go hard. >> they have been debating whether they will do it in measured 25 basis point increments. >> i would like them to just get on with it. let's

the story continues on bloomberg radio and bloomberg television.g. ♪ jonathan: we are giving up the overnight gains. from new york city, good morning. your equity market dead flat on the s&p. "the countdown to the open" starts right now. >> everything you need to get set for the start of u.s. trading. this is "bloomberg: the open" with jonathan ferro. jonathan: live from new york city we begin with the big issue. whipsawed by headlines. >> the headlines have been flowing fast and furious. >> markets are clearly up and down. >> struggling to connect the dots and understand how bad this is. >> development in russia and ukraine. >> this is a big airpark bit of uncertainty. -- a big air pocket of uncertainty. >> if russia does invade ukraine all bets are off. >> another region the federal be careful. >>

that means you need to pay attention to bloomberg radio and bloomberg television through the morning.ll see a set of headlines that could actually shift the moment. lisa: what is the most interesting thing you've learned on this conflict that seems to be building with russia? tom: i am learning of migrants of the black seat. i have to watch james bond from russia with love which is the best james bondattention to blod bloomberg television through the movie about the dardanelles and the straits there. this 18 mile stretch through turkey, past istanbul, past constantinople into the black seat, what is the nato presence going to be in the black sea? lisa: i was struck by what peter to her wits said that this is the distraction for u.s. foreign policy when they want to turn to china. how do they get back to that narrative with a deep shift in the globalization of the pre-trump era? that is going to be fascinating to see that navigate. tom: at 12:00 balance of power it will drive forward those conversations. joe mathieu today at 5:00 on bloomberg radio. leon panetta last night. i believe h

this is "bloomberg daybreak: europe." the stories that set your agenda -- manus: president biden promises swift action in the event of a russian invasion. ukraine crude rallies. senator joe manchin says the fed needs to tackle inflation head on, but ecb officials warned of overreaction. asian stocks drop and u.s. equity futures steady for now. hong kong's covid crisis. hospitals face of overwhelmed as cases search. the city turns to beijing for help. a warm welcome to the show. dani, it is the potential cost of conflict, the fear of conflict that is igniting the haven status of bonds, yen, and fear of equities. dani: it is a whiplash in the market because bonds got a bit from that and had sold off on thursday. i want to point out the index of bond volatility near the highest since march 2020. manus: yep, the question with the fed even dared to go for something frisky like a 50 basis point hike. if, and i must emphasize if, there is an escalation. dani: let's dig into these markets. we saw u.s. equities selloff heavily on