you, three years ago, decided not to do that and to reduce that bloomberg ag component by putting ten percent targeted to private debt and 8% to treasuries, as kurt said for a specific purpose and you have five percent left in this buck and to make this bucket work harder, you have heard the strategy. this is in the context. when you hear your performance and hear people that have 60% of their money in equities, bonds and stocks lost money in the last little while and you didn't. so this is a huge strategic movement on your part. you should be commended for it. >> thank you. >> well, we've lost less, so i'll comment on that in the next item. >> by percentages though, kurt. >> if i could just add quickly to very thoughtful questions from commissioner driscoll, what alo just said and our strategic allocation, the fixed income allocation is ball bell. just treasuries and we actually do not invest in long-term please treasuries and it's intermedia and it's five and six and liquid credit and liquid credit is where we would like to take credit risk and that's why we'd like to specifically a

you, three years ago, decided not to do that and to reduce that bloomberg ag component by putting ten percent targeted to private debt and 8% to treasuries, as kurt said for a specific purpose and you have five percent left in this buck and to make this bucket work harder, you have heard the strategy. this is in the context. when you hear your performance and hear people that have 60% of their money in equities, bonds and stocks lost money in the last little while and you didn't. so this is a huge strategic movement on your part. you should be commended for it. >> thank you. >> well, we've lost less, so i'll comment on that in the next item. >> by percentages though, kurt. >> if i could just add quickly to very thoughtful questions from commissioner driscoll, what alo just said and our strategic allocation, the fixed income allocation is ball bell. just treasuries and we actually do not invest in long-term please treasuries and it's intermedia and it's five and six and liquid credit and liquid credit is where we would like to take credit risk and that's why we'd like to specifically a

let's get more from ages bloomberg -- bloomberg's asia agriculture reporter. its people. reporter: record-breaking heat waves in march when we to planting takes place. [indiscernible] what we are hearing from farmers that it may fall farther. the government said food security is important, at risk, so we prices have been rising -- wheat prices. at the same time, as you said, the government says supplies are ok. [indiscernible] supplies have become stable and they -- rishaad: you touched on the fine line between feeding the country and within election looming, but it has an international dimension because india has deals with various countries to export week, egypt for one, does it renege on those promises? what is the deal? reporter: after the war in ukraine, india started talking about exports. they said exports may more than double. ? now, they are saying if a needy country comes to the indian government and says we need wheat, they will consider that. that is the situation. we are diverting the trade towards the needy people, and a sense, globally. we have

bloomberg markets. chinese yvonne: docs mixed as aging rolls out tax relief and construction bonds to offset the economic impact of covid lockdowns. president biden meets with his quad counterparts in tokyo after unveiling a new economic pact to assert u.s. leadership in asia. the tile and central bank is in no rush to raise rates and says inflation will return to target next year. our interview with the governor is next. rishaad: a little bit of a sinking feeling thus far when it comes to equities. not a sinking feeling for some of the other asset classes. the dollar sharing that sentiment. propelled overnight. we will come to more of that. let's have a look at what is going on with a bit more detail. david: equity markets, the general direction is down although i would go for as far as saying nothing is happening across asian equity markets. the big story across equity futures is what happened to u.s. futures. 7/10 of 1% reversing the gains of 1% overnight. a reversal in the dollar weakness. asian effects lower against the u.s. dollar. have a look at where we are in the chinese currency. ubs is coming

. ♪ kriti: this is bloomberg markets, early data on the pfizer covid shot through the three dose regiment was 80.3 percent effective in children agesths through four years old. i want to talk about the cases, the case count ramping up in new york city. we talk about the importance when it comes to children and adults as well. children are coming home from school with the virus. take a look at what cases are doing, omicron cases up, you start to see a little bit of an increase in cases. this is important as we go into the summer season. what does this mean for families who are staying home from school? to discuss the virus is a senior scholar at the johns hopkins center for security at the bloomberg school of public health. we thank you for joining us. what is the likelihood this 83% turns into 100%? >> it is important to take what benefits we can get and that includes the vaccine and making sure that it is possible that there is a testing program where your children are doing all of the things that you can to reduce the likelihood of exposure. the vaccine is wonderful. kriti: i imagine we are going into the summer season, what does

age of scarcity appears to be donning. we will discuss that next. this is bloomberg. ♪ tom: welcome back to the open this thursday morning. we are 12 minutes into european trading day. it is particularly pronounced when it comes to personal care, retail, autos, all down at this point. every single sector in the red as investors digest the significant losses we saw in u.s. market yesterday. concerns about inflation and what it means for the central banks. tying the global economy together and mobile funders around the world are unraveling at a rapid pace. the wars in ukraine and china's covid policy are pushing supply chains and inflation 230 year highs. chinese lockdowns and others supply chain disruptions would wipe down sales growth in the current quarters. joining us more is our reporter, ryan. one of the ties of buying the global economy are moving to what extent? >> what we are seeing now is essentially a deep rupture in the globalization we have experienced over the last 30 years. the combination and the cumulative effects of covid, lockdowns, china's zero covi

aged six months to four years old. global news 24 hours a day on air and on bloomberg quicktake powered by more than 2700 journalists andnalysts in over 120 countries. i'm ready could this is bloomberg. -- i'm rich to could grouped up. -- ritika gupta. this is bloomberg. ♪ what if you were a global bank who wanted to supercharge your audit system? so you tap ibm to un-silo your data. and start crunching a year's worth of transactions against thousands of compliance controls with the help of ai. now you're making smarter decisions faster. operating costs are lower. and everyone from your auditors to your bankers feels like a million bucks. let's create smarter ways of putting your data to work. ibm. let's create >> there is no doubt we face serious global challenges right now. inflation first and foremost among them. but there's also no doubt that the united states is in a better position than any other major country around the world to address inflation without giving up all the economic gains that we've had and that's because of the strength of our recovery. tom: national economic council director on the themes of the

ages and diseases. emily: absolutely fascinating. we will keep watching. thank you. that does it for this edition of bloomberg technology.eek with david westin is next. we have a great round of guests, including larry summers. never weekend everyone. don't forget to check out our podcast anywhere you get your podcasts. you can catch that foe roblox at bloomberg.com. ♪ xfinity mobile runs on america's most reliable 5g network, but for up to half the price of verizon so you have more money for more stuff. this phone? fewer groceries. this phone? more groceries! this phone? fewer concert tickets. this phone? more concert tickets. and not just for my shows. switch to xfinity mobile for half the price of verizon. new and existing customers get amazing value with our everyday pricing. switch today.

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