well, let's bring in augusta saraiva from bloomberg economics — well, you're the economics reporter at can't i get tickets?" right. so, when she announced that tour in 2022, i was essentially trying to get tickets myself and they were sold out immediately. so, the next morning — and, i mean, i, like you said, i'm an economics reporter, so i cover things like inflation, the labour market and consumer demand. so, the next morning, i was actually talking to my boss who has — who's a dad to two girls, and he also tried to get tickets and couldn't. so, we did ask ourselves this question — what does this say about the us economy, right? because i don't know to what extent people in the uk were following what was happening here, but back then, in 2022, everyone was sort of expecting a recession, all of the wall street economies were really expecting one to come eventually, so the whole taylor swift demand story seemed a little off. so that's why we started looking into swiftonomics or what eventually became swiftonomics tow— and understand. so, that's what you meant by swiftonomics? yes. so,

the bank of japan coming through with what bloomberg economic says was a dovish hole.e in focus. more analysis on that through markets today. the team is going to join you in about eight seconds time period we go to break and they will be there with analysis and great guests. markets today is next. this is bloomberg. ♪ when i was your age, we never had anything like this. what? wifi? wifi that works all over the house, even the basement. the basement. so i can finally throw that party... and invite shannon barnes. dream do come true. xfinity gives you reliable wifi with wall-to-wall coverage on all your devices, even when everyone is online. maybe we'll even get married one day. i wonder what i will be doing? probably still living here with mom and dad. fast reliable speeds right where you need them. that's wall-to-wall wifi with xfinity. anna: this is bloomberg markets today. i'm anna edwards alongside guy johnson and kriti gupta with the cash trade less than an hour away, here's what you need to know. a fresh 34 year low preaching 156 after the boj

. >> with me to talk about this more is the chief economist at a bloomberg economics.u for coming in tom. we have heard the warning from the u.s. secretary of state antony blinken saying if beijing does not stop helping russia, essentially, in its war with ukraine and there will be measures. do we have any idea what the u.s. could do? >> it's interesting. when we look at russian trade data, what we have seen since the beginning of the war of aggression against ukraine is a sharp increase in the share of russian imports coming from china. we can go a little into the detail there. we will see what type of goods they are. they aren't military goods. by providing the imports that keep the russian economy going china is, of course, indirectly, supporting the war machine. what we have seen it from janet yellen and antony blinken on the most recent trip is a signal this may be crossing a redline for the u.s.. mornings have come. -- the warnings have come and the question is what comes next? from brecheen's perspective the concern has -- from beijing's perspective the concern

pakistan's central bank widely expected to hold rates at today's meeting, but bloomberg economic seasonis point cut. we will have more on the state of the economy next. keep it here with us. this is bloomberg. ♪ haslinda: pakistan's central bank is widely expected to stand pat on rates on monday, but bloomberg economic says it could carve and easing cycle by cutting its rates by 100 points. let's bring in our guest. we have inflation lingering in pakistan. that is a key consideration. >> absolutely, interest rates are it record highs. what is happened recently is that inflation is still high, but we have seen it come down in the past few months, and right now inflation has dropped to below interest rates with the first time in three years, so some economists including bloomberg economics expected the interest rate cut cycle to start from later today when the central bank means, but in a bloomberg survey there are a number of people who expected to remain unchanged. haslinda: it is also about the imf program, a decision is expected later today. what are we expecting? >> that key decision

we thank you, that is the latest from bloomberg economics and now some of the stories making news this that ubs is in discussion to retain full ownership of his china platform. all of this from beijing's state asset management. in return it would sell part or all of his position in credit suisse securities. limerick has learned that blackstone is nearing a deal to take lots of pain private. sources say the equity for making up with the billionaire owner for the buyout. i vote is been a fan of the hand cream. james bullard expects three rate cuts this year. we will bring you more from our exclusive interview on the global investment summit from hong kong, next. stay with us. this is bloomberg. ♪ >> james bullard says he is expecting three interest rate cuts this year as inflation moves toward the central bank target. he has been speaking exclusively to haslinda amin from hsbc's global investment summit in hong kong. click i think at this point you should probably take the committee and the chair at face value. i think the best guess right now is still three cuts this year and of course

jill: essentially bloomberg economics trained a language algorithm on 60,000 different fed headlines, with news reports, in order to gauge how to tell the tone of things powell is saying and construct that out as to whether it is hawkish, dovish, it synthesizes and spits out essentially how the tone is rated. according to the index, when you go back to what powell was saying, that was really what he saw as a dovish pipit toward expecting interest rate cuts as soon as march. while it is true that the fed policy did not change, what this does is show us that yes, the wording changed, that is where you saw change in yields, markets respond and then more expectations for a cut. the fact is it seems like bloomberg economics estimates that his change in tone drove up inflation by half a percentage point, and hotter than expected activity. haidi: what do you see as a major impact? we heard bank of indonesia, a big surprise. a lot of asia will be impacted by this. jill: at this point, the big question is we constantly have to recalibrate for when the pivot will happen. what this model shows i

that is anna wong from bloomberg economics and it liz mccormick from bloomberg news. thank you for being here. coming up, another big story. amazon is the next magnificent seven stock to report earnings with investors looking for details on ai spending. that is our stock of the hour next. st us. this is bloomberg. this is bloomberg. make a difference?" this is your answer. so many are still suffering. so don't wait. call the number on your screen. or donate now at mercyships.org. that's the number on your screen. ♪ sonali: this is bloomberg markets. i'm sonali basak. the stock of the hour is amazon expected to report sales grew 12% first quarter. fueled by its cloud computing and advertising businesses, investors will also closely watch of the company's artificial intelligence efforts when they report after the bell today. let's discuss with arun sun darun. you saw of the in swinging with the dividend. you have to wonder, if amazon does not give investors the same type of capital return, does that make them look bad? arun: yes. there's a lot of speculation about wheth

bloomberg economics had been expecting more or less these numbers but the job applicant ratio was the one that shows a little bit of tightening. the labor market will continue to tighten. that positive turn is likely to bolster hiring when it comes to semiconductor related sectors as well as services. stock markets in japan are to be closed on monday. it was an eventful holiday, to see that pass through to equities? >> currently this is deafly something people are watching but they actually swung back to the level around the friday closing level. the market seems quiet, and people seem to be going on to buy on samsung relief. that correlation has actually weakened a lot in the past two weeks or so. people are setting the excessive weakness in the yen might actually way on japanese markets because the increase in the real wages might not be able to keep up with the pace of the increase in price. hence it will actually dampen domestic demand and the domestic demand related stocks as well. we are still watching their correlation to develop. at the same time, exporters that benefit from t

bloomberg economics economist alexander isakov says: some chinese exporters avoid direct supplies toses where the goods have little connection with sanctions restrictions, that is, even when it comes to clothing and shoes. the russian stock decided to open tuesday in a barely noticeable positive. today the supervisory board of sberbank. an analogue of spinraza, one of the most expensive drugs, has been registered in russia. in the world on data in the state register medicines drew the attention of the vedomosti newspaper. the active substance is necessary for people with spinal muscular atrophy. the disease is incurable, but as doctors note, its development can be stopped. the biotechnical company generium is going to produce an analogue. during the pandemic, it was one of the largest producers of the sputnik vi vaccine. according to her, information about the registration of drugs was confirmed by the company. kazakhstan and uzbekistan. that's all. thank you, it was marina pimenova with economics review. in malaysia, a rehearsal for a military parade in honor of the ninetieth annive

risks between the us and china if the us were to act, i spoke to tom orlik, chief economist, bloomberg economicsnd author of �*china: the bubble that never pops'. we've heard that warning from the us secretary of state antony blinken, saying that it beijing does not stop helping russia in its war with ukraine, that there will be measures. have any idea what the united states could do? it is interesting. _ united states could do? it is interesting. when _ united states could do? it 3 interesting. when we look united states could do? it 1 interesting. when we look at the russia trade data, what we see since the beginning of that war of aggression against ukraine is a sharp increase in the share of russian imports that are coming from china. now, we can go a bit into the details there and see what type of goods they are, and these aren't military goods, but by providing the imports which keeps russia's economy going, china is indirectly supporting the war machine. what we see no from yelling and from antony blinken on that recent trip, is that the signal this may be causing a redline for the united

bloomberg economics expects jay powell to dampen help of a cut.he job reports will show payroll growth slowing to do hundred thousand this month after surging by over 300,000 in march. in asia, april pmi's they're probably edged lower after surges in march and japan will release a slew of eco data after the boj left rates unchanged. looking at the results from all four chinese megabanks of this monday. bloomberg's intelligence is earnings persisting there even if the banks avoid a part. hsbc, standard charter releasing results this week. we are also waiting for earnings from the magnificent seven stocks, apple, amazon reporting after mixed results last week from their peers. samsung's results to out after preliminary numbers showed a sharp profit rebound in the first quarter, and vanke will be reporting. that is your week ahead. annabelle: a lot for investors to be digesting over the coming days, but let's get golf with one of the key events on the calendar, and that is the fed meeting wrapping this week and bring in andrew tilton. he joins us now

bloomberg economics expects the reserve bank of new zealand to keep unchanged as it remains on guardians lingering price pressures. the monetary authority of singapore looks to hold. the philippines, thailand and south korea also excited to keep rates unchanged. in europe, no rate change expected from the ecb, but the hold could be the final one before it starts using monetary policy. aside from central bank decisions, we will get the latest inflation reading out of the u.s., mark cpi print could reveal modest slowdown in the monthly pace of core inflation, which by the way, remains sticky. still ahead this hour, we speak exclusively with the ceo of the national stock exchange of india here at the hbc global investment summit. but first, u.s. treasury secretary janet yellen wrapping up a china visit, after high-profile meetings and a delicate balancing act. details just ahead. this is bloomberg. ♪ >> as the world's two largest economies, we have a duty to our own countries and to the world, to responsibly manage our complex relationship. and to cooperate and show leadership on addressing

we are joined from bloomberg economics. a pleasure to have you. let's start with the data.igures, does it suggest stagnation if we throw recession off the table? anna: for today we are expecting a flat reading of gdp and modest growth of .1%. ratings might not sound that positive but they confirm u.k. economy has turned a page after the recession we had. now the question is whether this is a rebound. or whether you will endanger inflation progress. we think we're looking at .2% growth rate for the first quarter and that is how it will stay. and a lot of drivers sustaining growth. and then on the second question, it is a good change from two years of stagnation into one year of .2 growth. growth will not be strong, it will run below u.k. supply growth. kriti: feels like the u.k. is not on the same path. forget the u.s., but the ecb is doing its thing. you have three central banks diverging. talk about this review. perhaps the dismissal of fan charts catching investors, but scenarios, where you looking for and strategy? anna: scenarios have been floated around. they're open t

bloomberg economics sees the cpi retreating in march from a holiday bounce. s in the stability it was a key topic as financial executives gathered from bloomberg's new voice event. kkr and hsbc sounded an optimistic note on china even as global investors withdraw billions. first of all, the context is that the global fund allocation to china hit a five-year low. the room has significantly reduced. then i think the concerns of the investor, primarily relating to geopolitical events like the u.s. election, the weak property market in china, the long-term growth of china and all of that. at the same time, big valuation discounts in the age of market versus china, also explaining why they are underweight for so long. but as we talked about, we see that sentiment has improved because of for example the cyclical growth by stabilization, and we also see capex extension. meaning actually the market instead of that deflationary cycle. so with that, we started to see some regional active managers cutting back their underweight positions in hong kong and mainland china.

these readings according to bloomberg economics likely to change the b.o.k.'narrative the final stretch to 2% will be bumpier with inflation level still fairly elevated and private sector debt risk continuing to build for the economy poll as well. we're watching the shift in policy guidance in its may meeting but expectations that will stay on hold for the bank of korea to the rest of the year. paul: two minutes into trade here we have a staggered open and will wait to see how things unfold. a lot of stocks going ex-dividends but at the tune of 1%. we'll watch treasury lines a bit later with china lifting the trade talks on australia wine before the long weekend and we see oil price recovering a bit after sinking to 10-month lows. we had pretty decent p.m.i. numbers out of china, also. looking at the bonds face, yields edging a little higher. we did see yields gaining across the curve in the u.s. after that strong i.s.m. factory data but in australia we've been hearing from the assistant governor chris kent who will join us on set saying the i.b.a. is not ruli

we are expecting a 25,000 job decrease according to bloomberg economics. we are also getting bhp and santos reporting quarterly numbers as well. watching out for those when trading begins. kiwi stocks down by about .1%. seeing a pretty muted session for the chicago nikkei futures. but we are sort of watching to see broadly asian stocks coming under pressure after we saw u.s. stocks extending that losing streak. annabelle: yeah, the longest losing streak we have seen since january. an interesting session. futures coming online, fairly muted. but it was that story of yes, another day of weakness. the s&p 500 for instance is now down around 4% from its record high. big tech really bearing the brunt of this as well. there have been a lot of question marks, or there had been a lot of question marks over how far could go over the near term. but it is the digesting of the fed message we are going to stay higher for longer. treasury yields fell and we had a weaker session. that is the outlook as we come online for let's discuss where markets go from here and bring

mark: although we have been told like bloomberg economics and the underlying things are coming alongly not as quickly as the authorities would like to see. there is a little bit of traction. but by this time we are well into the second quarter. a lot of people would've been hoping that by now the escape velocity would be there, it's not happening. there are pockets and some signs are quite good, particularly related to the tech sector, ev, gaming sector as well. but that won't account for the whole country. you still have this drag on the banks, which is good from the point of view that the risks are being concentrated in an area where people can see it fairly clearly is a good thing. these are very large institutions and they will weigh on sentiment for the market. haslinda: on balance, how do fundamentals look? we see the right sounds and questions from regulators, and there's some comfort in it. but how do fundamentals look? mark: if you are an investor, you will compared to what you see elsewhere as well. so, they are not that fantastic, but would make you want to shift a lot of

if your head is spinning from all of the fedspeak we have been having, fortunately, bloomberg economicsracking it for us. every single word of it. they reckon that if you look at sentiment, actually it's still in the hawkish side but becoming increasingly dovish. cautious is the word mike mckie would use. where does that leave central banks in europe? who might not want to go first before the fed. if we flip the board, the ecb may cut ahead of the fed. this is what markets are currently pricing and where does that leave currencies? well, a potential risk here in europe. still to come on the program, next up, we have got "markets today" and they will speak to pimco's cio for global fixed income. do catch that interview at 8 a.m. u.k. time. kriti gupta and guy johnson will be with you next. this is bloomberg. ♪ the all new godaddy airo helps you get your business minutes with the power of ai... ...with a perfect name, a great logo, and a beautiful website. just start with a domain, a few clicks, and you're in business. make now the future at godaddy.com/airo kriti: -- guy: good morning fr

bloomberg economics ran the numbers, saving it is dangerously unsustainable.t rosy assumptions of debt to gdp ratio, bloomberg found it could top 185% by 2025. if that doesn't scare you and keep you up at night, charles, frankly, i'm not sure what will. send it back to you. charles: why fomo is so popular. people living for the moment. the yolo, fomo, because those numbers are scary. imagine if they're not even accurate? >> just invite me to the party. charles: all right, lydia. joining me tjm institutional director jim iurio. jim, jay powell earlier today, just a couple hours saying, quote, of course the outlook is still quite uncertain and we face risks on both sides but when he says that it is lip service. we know the focus is on rate cuts but it does worry me. should they be ignoring inflation risk? >> so, no, they shouldn't be and if you look what jay powell said back on the 20th, he raised his estimates for gdp, he raised estimates for pce inflation, and at the same time said he was still planning to cut 75 basis points in 2024 there is nothing dissuadin

joe: i suspect enda curran the bloomberg economics reporter was listening and is with us now. it's nice of you to stop typing for a moment and let us pull you away. what got your attention in terms of newsmaking headlines today from jay powell? enda: he is saying we are not totally sold inflation is back where it should be. he did not hand they will cut rates anytime soon. as kaylee was saying, he made the point that when you look back now a lot of inflation was because there was such a shortage of everything. you could not get semiconductors or workers. he is making the point that that is being unwound now and helping things. there is a political debate. a lot of people say the current administration is spending too much money. joe: you are that every day. enda: those concerns might resurface overtime. there is nothing new from rates on a homeowners listing but more expensive thinking about a broader economy. kailey: on the supply side he was questions about whether the fed's monetary policy tool of using interest rates to influence the economy was working to the same extent

if you go back to last summer and you look at the consensus of bloomberg economic forecasts, economists were may be expecting the economy to grow .5%. that obviously reflected a lot of economists that still expected summer session probability. today those same numbers, growth is expected to be 2% to 2.5 percent. later, 2.5% inflation on top of that, you get to an environment where nominal growth for 24 is probably going to be in the ballpark of 5%. if you get that, you'll get better than is discounted now in s&p estimates, something that's a very different dynamic from last year. last year was all about multiple expansion. this year, we think the equity market can go higher, but not likely to go higher in valuations, likely to go higher on better earnings. lisa: what will lead it there because higher valuations has benefited the big tech complex. they took it on the chin yesterday and seemed to be struggling in this multifaceted world. what is the leadership? russ: yesterday tech did struggle, but other days tech has held up remarkably well when you consider the backup in rates. we have

a bloomberg poll, voters have economic pessimism, trump is ahead of biden in six of seven swing states pennsylvania and wisconsin, biden ahead in michigan. what you think is going on here? the consumer is still in good shape. >> the consumer is in good shape because they are borrowing heavily. let's not forget inflation was much lower during the trump years and moreover funds were affordable when trump was president and i would add the race about the job market. reality is, recent gains in employment have narrowly been focused on several industries. government, healthcare and leisure and hospitality. 75% of all jobs added to the u.s. economy during the past 12 months. that's not good. moreover when i speak to college students, they tell me this is the worst job market for college graduates since the covid recession. let's face it, we got consulting firms, accounting firms are not hiring like they did jersey during recent years. >> the industries that are hiring including the government, they are not high-paying jobs. manufacturing jobs for goodness psaki. let's listen in get your react

jonathan: bloomberg economics expert in core cpi to rise 3.7% year over the year, the smallest gain sinceser rides -- writes it should prolong -- we remain positive on u.s. equity risk-reward. stuart, i am pleased to say, is with us. 282 days -- 283 now, since the last 2% pullback, the 12 longest streak since 1988. what can you learn from a rally like this one? stuart: what you have learned is when the economic data is doing what it is doing, the market will behave accordingly. i think the fact is you have had very strong growth, inflation is easing -- not as fast as you may like, and -- jonathan: can tomorrow's data change that? stuart: it could. you would need a significantly high print. you will need internals to the inflation data that are troublesome. if you print out a consensus number, i think it is 29 basis points. if you print a number like that, equities will respond modestly positive. it is not as big an event this month in terms of client conversations. lisa: compelling, given the fact it seems this could be another bump in the road that leads to this question of whether or no

. ♪ 0 sonali: welcome to bloomberg markets. u.s. economicng jitters across markets and once again pushing back the timing of the first rate cut expected out of the fed. let's get a check on the markets because there is a steep drop lower. the s&p 500 lower by more than 1%. the nasdaq is down about one .4% on the day in the dow jones industrial average down about 1.5% on the day in the vix marginally on the rise. let's look at yields and where they are hea

♪ 0 sonali: welcome to bloomberg markets. u.s. economicrowth slowed and inflation process sending jitters across markets and once again pushing back the timing of the first rate cut expected out of the fed. let's get a check on the markets because there is a steep drop lower. the s&p 500 lower by more than 1%. the nasdaq is down about one .4% on the day in the dow jones industrial average down about 1.5% on the day in the vix marginally on the rise. let's look at yields and where they are headed. traders are recalibrating their expectations and the two year yield is a touch under the 5% level once again. you are seeing massive volatility in the bond market in a week with a lot of auctions. the 10 year yield is it -- is a sex base at -- basis point -- is a six basis point move higher. gold is on the rise and has been a favorite asset for traders all year long, one half of 1% higher. some midday movers on the equity side we will start with caterpillar reporting quarterly sales lower than a year earlier and the trend is expected in the second

why oxford economics thinks china's growth could come at eight cost for second-quarter data. this is bloomberg♪ ♪ >> taking a look at the week ahead, china's economy is front and center. most expect the pboc to hold off on a rate cut. consensus sees weaker readings for china. japan's core inflation may cool, but it remained above the 2% target. consumers struggle with high prices and that is your week ahead. haidi: big week going into the china dater and pboc decision. our next guest talks about the increase. luis, league economists. front routing and de-stocking has been moved forward. louise: you recall we had strong data and strong export data for january and february which suggests momentum may fade which means manufacturing thinks will happen. haidi: how you feel about the consumer? do you see signs of improvement? louise: q1 has been resilient. we had a late lunar new year and in general we went into 2024 thinking post-covid recovery has run its course and it has not. so deflation may not be severe. because of deflationary impulses, households face high interest rates. that is the area t

bloomberg,. dell's head of economic research says that central bank is still waiting for the fx policy to play outmarkets. >> i don't think so. we have a strategy of higher-for-longer. or i for very long. one of those. we are in that process. let's remember, i was last july. soon it will be able to stay. it's a question of waiting for the fed hikes to appropriate to the economy. >> how do you think of those lag effects and how do you see them playing out? >> it had an impact on the housing market, housing activity came down. it had an impact on durable goods consumption. it hasn't had an impact on fiscal policy and investment, and that has been a surprise, because fiscal policy has been upsetting the tightening effect from the monetary. this is a new world where there are a lot of policies happening at the same time. we are just experiencing that. >> you wrote in a financial times opinion piece on may 2 that there is still a narrow path to a soft economic landing. do you still believe that? >> it was a year ago after the svb crisis, and yes, i subscribe to that. we were one of the few places that

the argentinian president telling bloomberg television today that his people will tolerate harsh economictions to move past populism. the president spoke to bloomberg's editor and chief about the president's executive offices in buenos aires. pres. milei: i don't see why opening the markets -- what generates inflation is the fact that i have yet to fully cleanse the central bank. that is the point. if i haven't cleaned up the balance sheets of the central bank, it means that i'm not solvent. john: if you got rid of controls there would be a rush to get dollars. pres. milei: not necessarily. that is not necessarily what is going on, right? in order to do that i first need to clean up the central bank balance sheets. it's important to understand this because when do have the central bank bankrupt and a situation where the monetary liabilities exceed the assets held by the central bank, that is corrected through higher prices to dilute your monetary liabilities. the more bankrupt you are, so to speak, the long-term price level is higher, therefore given today's price level the link between t

request your invite now for this exclusive event, the qatar economic forum, powered by bloomberg.was not a very good day for tesla. let's run through numbers. 386,810, how many tesla cars were delivered the first three months of the year, a massive miss. we were estimating 420,000 and thought that was conservative. bad numbers. the share price responded accordingly. haidi: we had cut after cut in expectations and they were too optimistic in terms of what we finally saw. it will be interesting to see if this contributes to weakness across ev's. lots of factors tesla blamed. production, logistics, the refresh of the model 3, a blackout near a factory in berlin and disruptions in the middle east. if you look at numbers for production, still outpacing deliveries. more than 46,000 vehicles. it is producing more cars than it sold in seven of the past eight quarters. it does not seem to be a production series. paul: does the market buy this? a slight is in between two waves, just a question of how big is the trough between. a lot of market watchers are doing their breath for something ne

economic environment. ♪ caroline: welcome to bloomberg markets. quick check on these markets, we are near record highs and we hit them earlier 30 minutes in but the s&p 500 up 0.7%. the easing with which we suddenly get the relief pill from the federal reserve, we will talk about that and that helps the nasdaq 100 up 0.9%. we are starting to see yields pushed out a little bit more, up by two basis points. but more broadly, we are seeing a risk on flavor to the day even as we see commodity pressure building a little bit. we are focused on equity throughout the day in the macro policies that will be impacting benchmarks. u.s. jobless claims arising above estimates today and maybe you would share the cooling of the economy that many want to see as jay powell says rate cuts are on their way. michael mckee is joining us with a line the jay powell has to walk, they need to 2% and the inflationary pressures to dial back and many have been seeing a hot economy with interesting jobless claims mike: mike: playing into that today. not a whole lot, it was wit

bloomberg opinion columnist. markets seem to be taking economic good news as menus. >> the u.s. narrative has had legs to run.e expect a slowdown happening the first half of this year but we have had a string of very strong economic data coming from the u.s.. even though we had a couple of fed speakers basic -- basically singing the same tune, saying there will be cuts to come. looking past all the fed talk and thinking what if the fed doesn't really cut rates this year? that's going to throw a big spanner into that scene. haslinda: and what if the fed is actually behind the curve and get surprised by economic data which turns for the worse? >> there is a big risk of that happening. that is one of the key risk we see in terms of the very benign scenario of the global soft landing. the issue is that we still have a couple of prints coming up before the june fomc is self. the base effects from last year, you're going to see quite a big drop in terms of u.s. inflation numbers. haslinda: good news is good news, we should be celebrating and not be depressed despite the fact it was designed to delay the first-rate

begin to punish countries for refusing to use the dollar in foreign trade, bloomberg writes about this. his sources say economicariffs and charges of currency manipulation. brix countries are discussing. the federal antimonopoly service demanded that six russian airlines explain ticket prices, letters from fas flew to aeroflot, victory ural airlines northwind, smart air and utah. the agency reports that it conducted an analysis and came to the conclusion that sometimes price formation (quote) does not fully comply with the principles of dynamic pricing. the fas assures that it constantly monitors the minimum cost of air tickets. and also reminds you that in march of this year, it opened a case against the s7 airline, if now the airlines cannot prove that the price increase is economically justified, the antimonopoly authorities promise to take action, then tell us what they answered, i’m also interested, a sore subject, of course , i’ll tell you where i’m going, thank you, thank you, denis lalaev with an economic review, appeared on bama new routes, this is especially noteworthy when you consider that... this y

bloomberg reports. they refer to... forecast of the ministry of economic development of refia.ven before the full-scale invasion , gazprom said it viewed the asian country as a promising market. even then, it was expected that the demand on the european markets would decrease to the end of the decade. the price of the export price to heaven is set at the level of $257 for 1,000 cubic meters, compared to $320 for the flows that are going to go. in the future even before the european union. well, european and ukrainian metallurgists suffered from the easing of sanctions on metallurgical products from muscovy. indeed, such a statement was heard by vasyl from the representative of the industry association of ukrmetallurgprom oleksandr kalinkov. well, there are european partners who really want to strengthen sanctions against the aggressor country, but are there? it is necessary to understand and to realize that there is a russian lobby, well , in particular , two countries insisted on relaxed sanctions - the czech republic and belgium, where the production assets of the novolipetsk

kind of a but not -- economic speedbump or recession there is scope for rate cuts. >> the fed has to buy time here. they are between a rock and a hard place. >> this is "bloombergmic data. the third hour of "bloomberg surveillance" starts now. good morning, good morning. new highs for the bond market. yesterday back through 5% at the front end of the curve. on a 10 year, through 4.70. on a two-year year, 4.9954. lisa: what's going to be more important, core pce inflator or personal income and spending? after yesterday's gdp print called into question the strength of the american consumer, did they reprise that strength and a newfound sense of consumption? jonathan: the dollar has been stronger. it has been problematic for pretty much everybody, including the japanese. dollar-yen looking at 1.57. if you have been away for a few weeks we are not talking about 1.52 anymore. we are looking at 157. session highs, 156, and not a beep out of the boj. lisa: we are way through the intervention points of yore, and you have the bank saying their job is not to support the yen wholesale. can they do? if it is not a bank of japan rate hike like people say they are waiting fo

economic u.s. data, pce, case in point. mark: our bloomberg economists expect the numbers to take up slightly which will be a problem for the fed. look at december. they were putting a lot of weight on the fact that the pce number was going to come in below 2% and give them the reason for starting on lowering interest rates. that is not happening. some disappointing cpi reports. if they get another one into the mix, people will have to think seriously about whether we see any rate cuts in the third quarter or are we talking fourth quarter. the fed speaker is saying they only see one cut are starting to look like the bright guys in the room. that is putting more weight on where the next dot plots are going to be. in june, it looks like it will be difficult for the fed to maintain an outlook where there are three interest rate cuts this year. time will have run out unless we get soft data between now and then. and we also have a lot of treasury issuance this week. the bond market will be extra volatile because it has to absorb a lot of issue win

economic research. you can turn to your bloomberg for more on the rbnz decision.t commentary from bloomberg's experts. we will have more ahead on daybreak australia. this is bloomberg. ♪ ♪ annabelle: south koreans are voting for a new parliament in a referendum on president yoon's performance. the results will determine how much power he has in his remaining three years in power. john herskovitz is joining us. what is at stake for the president in the election? john: what we are looking at is what will happen for the remainder of yoon's time in office. the progressive block has the power block. if yoon can take control he can push through his pro-business agenda, tax cuts, taking on labrie onions, deregulation. so it determines what the course of his administration will be for his remaining three years in office. haidi: what are some key numbers to watch for? john: this is a 300 member unicameral parliament so the big number is one 51, who can get the majority. the next number is 100 a.d.. if the progressive block can get to that level they can block filibusters,

bloomberg markets. we're back now with the head of economic research for fixed income and macro at citadel and we are goinglk about the u.s. fiscal situation. in a recent article for the financial times, you wrote about fiscal responsibility and you wrote about when faced with a plethora of policies, that framework is now under pressure and it is on a collision course with the forces of rising nationalism and regionalized interests. how does fiscal complicate monetary? angel: when you about the contributions of fiscal policy, it has been way higher than what you would have expected with rates going up so fast. fiscal policy has become essentially unrelated to the state of the business side. this is related to these and -- this new economic policy where we have all these instruments trying to address objectives that are not necessarily related to the economic outlook. national security, energy independence, all those things. q sonali: anything about the fiscal intervention, you mentioned this thought-provoking idea that the neutral rate could be closer to 4%. much as the fiscal situation exacerbating inflat

economic news. russia increased seaborne oil exports to an annual maximum. according to bloomberg,800,000 barrels per day were supplied abroad. prices for all domestic varieties in this year are staying above the ceiling. as a result , in the first quarter, the country’s oil and gas revenue soared by 80% to 2.900 billion rubles. russian railways signed an agreement for the production of the first two trains for the high-speed railway. moscow st. petersburg signed a contract for 12 billion rubles with ural locomotives. this was stated in the official telegram channel of russian railways. ready-made trains should be delivered by the end of march 2028. it is expected that the trains will be able to reach speeds of up to 400 km/h. avtotor launched the production of cars of the chinese brand zhitur. first released the dashing crossover became a model at the plant in kaliningrad. the company said that over time the level of localization will increase. increase, so in the first quarter of next year they plan to produce the machines in a full cycle, this is welding, painting, assembly. no

on the screen ahead of a busy earnings week area there is more economic data and the s&p 500 is up about 0.6%. that does it for bloomberg and this is bloomberg. ♪ how am i going to find a doctor when i'm hallucinating? what about zocdoc? so many options. yeah, and dr. xichun even takes your sketchy insurance. xi-chun, xi-chun, xi-chun! you've got more options than you know. book now. her uncle's unhappy. you' i'm sensing anions underlying issue. it's t-mobile. it started when we tried to get him under a new plan. but they they unexpectedly unraveled their “price lock” guarantee. which has made him, a bit... unruly. you called yourself the “un-carrier”. you sing about “price lock” on those commercials. “the price lock, the price lock...” so, if you could change the price, change the name! it's not a lock, i know a lock. so how can we undo the damage? we could all unsubscribe and switch to xfinity. their connection is unreal. and we could all un-experience this whole session. okay, that's uncalled for.

economic data to come. some real moves in the bond market. that does it for bloomberg markets. on us through the we have a market hitting on the edge. this is bloomberg. ♪ do you want to close out? should i? normally i'd hold. but... taking the gains is smart here, right? feel more confident with stock ratings from j.p. morgan analysts in the chase app. when you've got a decision to make... the answer is j.p. morgan wealth management. her uncle's unhappy. i'm sensing an underlying issue. it's t-mobile. it started when we tried to get him under a new plan. but they they unexpectedly unraveled their “price lock” guarantee. which has made him, a bit... unruly. you called yourself the “un-carrier”. you sing about “price lock” on those commercials. “the price lock, the price lock...” so, if you could change the price, change the name! it's not a lock, i know a lock. so how can we undo the damage? we could all unsubscribe and switch to xfinity. their connection is unreal. and we could all un-experience this whole session. my name okayis teresa barber. for. i was in the united states

economic progress. paschal donohoe joins us next. this is bloomberg. ♪ to start a business, you need an idea.eaker in it! that's right craig. a team that's highly competent. i'm just here for the internets. at&t it's super-fast. reliable. you locked us out?! arrggghh! ahhhh! solution-oriented. [jenna screams] and most importantly... is the internet out? don't worry, we have at&t internet back-up. the next level network. i sold a pillow! ♪ ♪ ♪ ♪ ♪ ♪ give into the rhythm of the islands and delight in a caribbean state of mind. visit sandals.com or call 1-800 sandals. abigail: you are looking at a live shot of the principal room. coming up kristin bitterly, joint bloomberg tv at 3:35 p.m.. this is bloomberg. katie: time now for our daily wall street week conversation and the global economy is poised for a year of steady growth but the imf warns of headwinds for europe probably because of two regional wars. paschal donohoe joins us from the world bank meetings in washington along with wall street weeks david westin. a great conversation to kick off the spring meetings. david: a lot of fiscal dema

bloomberg real yield." tesla reporting earnings next week with a busy earnings cycle. and of course, a lot of economica with wednesday durable goods and more tech earnings as we have been talking about. we are rounding out the week with a pce deflator. let's think through what it really means, the number ahead, the preferred gauge of inflation , when it comes to pce, it will be less alarming than the hot cpi print posted previously. there are still hints outside of the fed preferred gauge, creating complication around the idea of rate cuts coming before the big fed meeting for the first week of may. that does it from us in new york. same time, same place, next week. this is "bloomberg real yield." this is bloomberg. ♪ with stock ratings from j.p. morgan analysts in the chase app. when you've got a decision to make... the answer is j.p. morgan wealth management. you're probably not easily persuaded to switch mobile providers for your business. but what if we told you it's possible that comcast business mobile can save you up to 75% a year on your wireless bill versus the big three carriers? you can get

now economic news, briefly: the european union threatens sanctions eastern companies for helping russia, according to bloombergs from turkey, the uae, china and hong kong. the eu thinks so. that these organizations continue to supply european products to our country, in particular military products, such as navigation systems, antennas and computer components; also , companies that allegedly provided russia with satellite images may be subject to new sanctions. in austria, they said that the refusal of russian gas will not harm the country’s industry, economics minister martin told the newspaper derstandart. kocher. according to him, first you need to make sure in practice that stopping the pumping will not lead to this. 98%. russian authorities will soon consider support measures for rusal, including the abolition of export duties on the purchase of the company's products for reserve. this was stated by deputy head of the ministry of industry and trade viktor eftukhov. according to him, to make a final decision. we need to analyze the global balance in the aluminum market. another major metal producer, norils

bloomberg technology. ♪ >> ed ludlow here in san francisco. caroline: still the economic data, strong. nice to see you. manager shining a light on some of the market share. before we get into the individual names i want to shine a light on the fact we have been seeing the nasdaq on the higher side of things. we've also seen of course an introduction to the bond market just selling a bit of a selloff. we want to be committing to some of the individual names so will shine a light on netflix earnings after the bell. expecting about 14% increase in revenue for its fiscal first quarter. a high bar after the rally. emphasis on the downside after its numbers. india a key player in the space underwhelming when it came to overall revenues. some of the individual crypto names doing well. crypto is bouncing on the day at least. we've seen some profit-taking of late. ed: let's keep the conversation going around crypto, the crack and head of strategy. i have been invited to not one, but two bitcoin halving parties tonight. whether i go to either of them remains to be seen. it got me thinking for many this is someth

bloomberg. ♪ haslinda: welcome back. pmi f inched up its expectations for global economic growth this year to 3.2%.t points to strength in the u.s. and some emerging markets while warning the outlook remains cautious amid persistent inflation and geopolitical risks. urging china to find ways to offset headwinds from its property crisis. >> we have an economy that has potentially still relatively weak domestic demand but is growing. it would be an increased reliance on the export sector. that is something, in the context of very tight trade tensions, could be complicated. so certainly in the interest of the chinese economy to develop ways of sustaining domestic demand. haslinda: the u.s. has repeated its concerns about what it sees as industrial overcapacity in the world's second largest economy. chinese officials have pushed back against washington's claims. jail, it's hard to imagine that china will change its policies because of the u.s.. >> no. it isn't. they've been forceful in pushback of a lot of these claims recently on industrial overcapacity. we've seen this push both from the u.s. last we