>> one of the most proficient users of the bloomberg terminal is my colleague, and what he is able to show us by just using the bloomberg terminal is that in the bond market, if you look at breakeven rates, but not just for two years, if you look at breakeven rates for the 10 year maturity of securities, you look at breakeven rates for the 30 year maturity, they are all saying the same thing at the same time right now and we have not seen that in quite a long time. we did not see it last year. last year, the bond market was coy assent -- this is a departure from the stability and tranquility that we experienced last year. >> a lot of investors on edge as inflation is a bond market nightmare. the world's most important market sends a warning. that is met when clay. thank you very much. that is bloomberg's editor-in-chief emeritus. for more on markets, we are joined by catherine, chief market strategist at stone next financial. let's talk more about this dynamic. at some point, that bond market have it has been very volatile under the hood and it will impact stock market performance but

sonali: on bloomberg.com and the bloomberg terminal. right now. ar and this is one of my favorite episodes. vonnie: that does it for bloomberg markets. balance is next. this is bloomberg. ♪ >> from the world of politics to the world of business, this is "balance of power." ♪ live from washington, d.c. joe: the ukraine talks are underway. welcome to the fastest show in politics. jd vance meets with volodymyr zelenskyy today at the munich security conference after threatening sanctions and military action against russia if no deal is struck. an update on munich from bloomberg's tyler kendall with insights from michael allen. is also has his eyes on a critical deadline set for tomorrow at high noon in gaza. analysis from our signature panel, rick davis and jeanne sheehan zaino for the hour. thank you for being with us on this friday edition. we start with a look at wall street on the markets. amy morris? amy: retail sales phallic -- fell more than expected.

the bloomberg terminal. rally in chinese stocks linked to support from xi jinping and ai enthusiasm front of page. elon musk says the latest version of his x ai start up the smartest day i honor -- ai on earth. how his limbs measure up. before we go to break the french payment and services platform operating revenue. we will speak with the red ceo later this hour. this is bloomberg. ♪ you think those phone guys will ever figure out how to keep 5g home internet from slowing down during peak hours? their customers have to share a wireless signal with everyone in their area. oooh. you know, it's kinda like when you bring a really big cake for your birthday, and then there's only a little, tiny sliver left for the birthday girl. aw. well, wish her a happy birthday. happy birthday... -it's... ...to her. -no, it's me. have your cake and eat it, too. don't settle for t-mobile or verizon 5g home internet. get super fast xfinity internet you don't have to share. forty's going to be my year. tom: back to bloomberg day

if you're a subscriber on the bloomberg terminal as well.david tinsley writing, "we saw some chills with no serious shadows. spending per household. one point 9% year-over-year. --1.9% year-over-year. " we had the l.a. wildfires, a cold snap across the east coast. do you see that in the data at all? david: we do. what we see is that on the month spending dropped .4% over the u.s. as a whole. across the regions it was the south are we had particularly cold, chilly weather,. which saw the biggest drop down .9%. not so much of a story in the west. that was pretty much flat. basically the dip in consumer spending in january is more or less a weather story. if you look past that, we are in pretty good shape. lisa: do you see over the credit worthiness and consumers at a time when they are eating into their savings? you are seeing credit card delinquencies ticking up. david: achilles some consumers in particular. in the report today we are focusing on auto loan repayments. the price of used new cars has risen a lot. the loan and interest rates are

headline crossing the bloomberg terminal from opec-plus, this is reporting from bloomberg speaking toates suggesting opec-plus is considering delaying its increase of supplies. it had been looking to start increasing supplies in april. there is discussion about pushing that back. that is despite the fact that u.s. president donald trump has urged lower prices. we are hearing from our reporting that delegates have started this conversation. they say the oil markets remain too fragile. no decision has been made in the group is split on how to proceed from bloomberg's own reporting. you see brent trading at $75 a barrel. up .4% so far. we will stay on germany ahead of this weekend's general election. more on the campaigns, next. this is bloomberg. ♪ carin's heading into retirement. [screams] with a lifetime of savings. but that's not the only thing she's taking into retirement. hi! ♪♪ hi. every advisor knows retirement isn't a lump sum, it's the sum of their clients' life's work. ♪♪ now what? you protect their life's work with protected growth and income strategies from prudential. who's

i would want the treasury department to have bloomberg terminals.tually be a very necessary tool in their toolbox, given the amount of money that and treasury bonds that they are issuing. and i would want them to have access to all of that information. if there was somebody in the white house that wanted to have a terminal, i would want them to have it. and so anyway, i raised that just as a one tiny example where i think the american public looks at that, and maybe because i'm closer to it, or i have a i have a view that maybe others wouldn't have. but right now, if you were to sort of go online and talk to the folks around doge and the like, they would say, wipe out all of those subscriptions. >> yeah, well. >> that's a very interesting approach. andrew. i think you're frankly confusing the issue. the bottom line is they paid. millions of dollars to politico. >> they paid millions of. dollars to the new york times. they paid millions of dollars to these outlets. for what? >> andrew? >> this is. why the american. people need. >> to. >> know. >> wha

bloomberg technology." check out our podcast on the terminal or online on apple, spotify and this is "bloomberg technology."ssible by the u.s. department of education and bloomberg television] >> welcome to bloomberg etf i.q. katie: the e.t.f. flows keep going. let's get to the biggest stories now. the more than $15 trillion global e.t.f. industry is cooling with president trump's latest tariff threat fueling concerns about a trade war. we'll look at how it may impact certain exposure to certain e.t.f.'s. scarlet: and

check out the bloomberg technology podcast on the terminal and online at apple, spotify, and iheart. rg. caroline: let's look at the social media platforms x. it's in talks with investors for a fresh equity fundraising valuing at $44 billion. but it is still mired in debt. it has improved fortunes due to heavily adjusted financials and investors potential fear of missing out. max chafkin joins us on some of the opacity that undermines the reliability of the financial information we have ultimately been drip said. max: elon musk and x, really since elon musk bought x, has been trying to tell the story that the finances are improving. that things are getting better. we seen a lot of reasons to doubt that. though there have been over the last few months some positive signs. maybe some advertisers perhaps coming back, partly because they want to keep somebody that is a close advisor to president trump happy. in this fundraising, you see some of the ways that they are trying to cover up the advertising losses, or what most of us believe our huge advertising losses including deals with x ar

bloomberg technology podcast. you can also find it on the terminal, as well as online. this is bloomberg.owing the lead of the trump administration some tech companies are scrapping or rolling back d.e.i., diversity, equity, and inclusion programs. for more on what this could mean we are joined by joelle emerson, the cofounder and ceo of paradigm. it is a platform that helps companies improve and benchmark inclusion efforts. good to see you. i'm curious. i would imagine you kind of have a problem with the premise of the question here, because you argue that these companies are not rolling back there d.e.i. programs. that is what it looks like to me. joelle: i think it is a moment of evolution. definitely the social landscapes are changing, but what i see especially from the companies we work with is the desire to refocus efforts on programs that create fair and inclusive cultures for everyone. the good news is that is a goal that is pretty universally popular, and i think that is going to require some evolution. it's going to look like a shift away from some of the more performative or hi

jonathan: just to confirm, that headline we just got across the bloomberg terminal, ontario governmentts contract with starlink. check out what is happening with two year, 10 year come in 30 year yields. so far yields are up on the front end, there little bit lower on the long end. katie kaminski needs to explain what is going on. let's start with the long end. is this bullish or bearish for bonds? katy: i would say it is a bearish signal in the sense you are seeing risk off today. what i'm thinking about the bond market, i am thinking about the market reacting to concern and fear about inflation, to fear about the impact of these tariffs. in theory if we worried about inflation we would expect yields to go up but i think the short-term response is fear, is people buying long-term debt because they are concerned about the trajectory of the equity market. lisa: do you think this market seems more concerned about a growth shopper inflation shop based on the trendlines you are looking at? katy: this is a really tough question. the reason i'm glad you asked is because that is what we are t

this headline crossed the bloomberg terminal at midday yesterday. president trump talks with president putin. annmarie: they had a call. the olive branch in opening up this relationship was the prisoner exchange and mark fogel coming back to the united states. trump said he had a lengthy call with them. they discussed energy, the middle east, the power of the dollar, and now he says talks will begin on ending this war any talk about individuals involved in that. secretary rubio, steven witkoff, other individuals and he said not just that putin would come to the united states, but their first meeting would be in the gulf in the kingdom. jonathan: i'm not sure the european leaders feel this way but good news for the euro, stronger. energy lower. lisa: this was the potential tail risk for the euro region. this was the unknown question about how much this could single-handedly bolster the entire outlook for the european project. here is the question. bloomberg economic expects this plan could cost european governments $3 trillion to expand their nato pr

bloomberg technology." check out our podcast. you'll find it on the terminalline on apple, spotify and iheart. this is bloomberg. ♪ caroline: time now for talking tech. k.k.r. has secured enough shares of fuji soft in a tender offer to take the company profit. it ends a months' long bidding war. k.k.r. ames to acquire the remaining shares of the software maker through a squeeze-out process in late april, giving it a near 58% stake. the company posted a faster than anticipated 20% jump in quarterly revenue, len oaiveo. due for demand of its a.i. computing infrastructure. and shares of grab, they're falling today after the company predicted full-year revenue that actually trailed estimates. citing caution in the southeast asian ride sharing and food delivery market in particular. bloomberg spoke with grab c.f.o. who had this to say about their user base. >> it's a big year for our digital banks and it's a really very ecosystem-driven play when it comes to our product server digital banks. over half of those users on the digital bank platform today are from grab

bloomberg technology." don't forget about our podcasts, you can find on the terminal, as well as apple podcasts, spotify, and only servicenow connects every corner of your business, putting ai to work for people. pfft ... every corner? every corner, nick. ow! so kate in hr ... hey kate. can focus on people, not process. oh actually, i have a question ... keep up, nick. do you have to be sick to take a sick day? patty in it is using ai agents to deal with the small stuff, so she can work on the big stuff. agents like secret agents? secret agents i control. with your mind? you know ... i played a secret agent once. - we know. - oh gosh ... i liked it. over here, ai gives tina the info she needs to get the job done. nick, what did we say about touching? no touching. good. ai helps jim solve customer problems before they're problems. for reals? for reals. for reals. servicenow is the only platform that connects every corner of your business, putting ai to work for people. oh, so we all work better, together! my work here is done. excuse me, which way back? uh, follow him. a sleep number® smart bed is perfect for

bloomberg technology." looking at the principal room. check out the podcast on the terminal is bloomberg. ♪ caroline: it's another big week for tech earnings. first up palatir, some see the levels difficult to maintain. collin is with us. a phenomenal run-up, a valuation 200 times future earnings. can 28% growth in revenue do it? >> it remains to be seen, what is interesting about palantir stock, they are bullish and saw an incredible run and shares slumped the beginning of the year but rallied 30% in the last two weeks to a record high before this earnings report. carmen: investors are excited about this company and excited about the long term potential here and i mean, palantir has a lot to prove in the earnings report. jackie: there's a a.i. arms race that seems to be intensifying in recent weeks, i'm curious what palantir's edge is here and we're familiar with their contracts with the defense department but what else is there to their business model that perhaps could benefit from this a.i. arms race we're seeing? carmen: one of the biggest growth places for palatir goin

bloomberg technology. do not forget to check out our podcast on the terminal as well as online and tune into the earnings afteron across the deck. this is bloomberg technology. ♪ the way i approach work post fatherhood, has really trying to understand the generation that we're building devices for. here in the comcast family, we're building an integrated in-home wifi solution for millions of families like my own. in the average household, there are dozens of connected devices. connectivity is a big part of my boys' lives. it brings people together in meaningful ways. >> let's get>> a quick check on these markets now. it may look relatively harmless with a rally began to fade a little bit. you have the s&p 500 up and the nasdaq 100 just getting to flat, but do not let this fool you. this is a market of rallies and selloffs today. we are seeing plenty of strength in financials and consumer discretionary names. then plenty of sell off as well. some of the tech firms are still rallying. you have the 10 year yield up below that 450 mark. scott bessent is coming up at the top of the hour. we will see if that intervi

this, according to bloomberg news, quote, edward has been terminated for leaking internal informatione is zero tolerance for this. after edward the intern was fired, he reportedly posted online that even after the company had fired him for leaking company information to a competitor, edward had managed to get himself access to quote every single machine at that cybersecurity firm that had fired him. he bragged that he could have wiped all the company's customer support servers if he had wanted to. edward, that fired intern, is now older and wiser. he's now 19 years old, and he now works for the president's top campaign donor. and in that capacity, 19 year old edward is now a, quote, senior advisor at the us state department, where he now has been given access to all of the it and data management functions for the country's entire diplomatic operation in every country on earth, one current u.s. official telling the washington post, quote, this is dangerous. and hey, i'm no expert, but it doesn't sound good. kind of does sound like a national security concern to have a 19 year old who a

according to reporting from bloomberg, the small business termination notices to probationary staff membersold him the notices were sent in error. only for some of the staff members to be later informed they were indeed actually fired. shares of heineken are surging in the dutch trade, up more than 12.3%. they reported strong sales and announced a buyback. the rise in volume is driven by strong demand for premium brands and on echo holly products, all beating analyst expectations. that is your brief. jonathan: more from dani and 30 venice. no rush -- in 30 minutes. no rush to lower rates. >> inflation remains somewhat elevated. longer-term inflation excitations appear to remain well anchored. jonathan: that conversation is up next with robert sockin of citi. you are watching "bloomberg surveillance." ♪ actors. we can make you believe we know what we're doing. when, in fact, we do not. whoops. i have no idea what these buttons do. i've never driven a stick in my life. but my hardest role yet? small business owner. because i have no idea what i'm doing. but godaddy airo does, using ai to buil

by the way, bloomberg has a wonderful short index. it is in the terminalthe goldman sachs most shorted index. it is rebalance monthly. if you look at that since the gamestop episode where everybody has basically said shortselling is dead, the risks are too high, then you simply shorted that index, but the s&p or related passive index, rebalance monthly -- that return has been spectacular. so there is still alpha on the short side. it is just nobody thinks it is there anymore. romaine: that is more on an index level. jim: that index is of individual stocks, the most shorted stocks. it is a representative portfolio of very dicey companies we will short. romaine: what is the risk out there? we have written all these headlines about the demise -- i know it is not completely dead. we talk about shorts are 70% down since the financial crisis. even activist campaigns -- it was a record low year for activist campaigns. is that a reflection of market dynamics are public and political dynamics? jim: i think both. market prices are people's opinions based on facts. p

bloomberg technology." do not forget to check out our podcast. you can find it on the terminalpotify, and iheart. not forget earnings after the bell as well. alphabet, md. plenty to digest when it comes to earnings. from new york and san francisco, this is "bloomberg technology." ♪ ♪ where ya headed? susan: where am i headed? am i just gonna take what the markets gives me? no. i can do some research. ya know, that's backed by j.p. morgan's leading strategists like us. when you want to invest with more confidence... the answer is j.p. morgan wealth management the way i approach work post fatherhood, when has really trying toith understand the generation that we're building devices for. here in the comcast family, we're building an integrated in-home wifi solution for millions of families like my own. in the average household, there are dozens of connected devices. connectivity is a big part of my boys' lives. it brings people together in meaningful ways. tim: welcome to "bloomberg crypto." look at the technology ship a world of decentralized finance. i'm tim stenovec. katie: i'm

terminal -- dayb go. we will have more on the hot u.s. cpi report and chairman jay powell's testimony before congress coming up. this is bloomberg. ♪ lizzy: welcome back to "bloomberg daybreak: europe." u.s. micro, inflation picking up bradley for the render coating chances of multiple predicates this year. fed chair jay powell says the central bank has made substantial progress toward deming inflation, but there is still more work to do. >> we are close but that they on inflation. we have made great progress toward 2%. last year inflation was 2.6%. we are not quite there yet, so we went to key policy restrictive for now. research over many years in many jurisdictions show some degree of independence is important in keeping inflation under control. hindsight suggested it would have been good if we are tightened earlier. since he would no longer be borrowing on the credit of the united states, fannie and freddie would be privately funded. there were not be any federal agency that can examine banks above $10 million. lizzy: that was jerome powell on the inflation status. get more from valerie. >> he said some interesting comments

now, bloomberg is reporting that the government subcontractor who drafted the warning has since been terminatedwired's director of business and director of business and industry. we'll be right back. here's to getting better with age. here's to beating these two every thursday. help fuel today with boost high protein, complete nutrition you need, and the flavor you love. so, here's to now... now available: boost max! many remedies you take for chest congestion only mask the symptoms. hey... how you doing? this mucus won't move out. you're gonna love this property. the guy's congestion remedy? harmless. try this. mucinex 12 hour treats the mucus that causes chest congestion for all-day relief. don't leave! it's fine! ugh! i was worried about this side of town! mucinex in, mucus out! don't mask symptoms, treat the cause. head & shoulders is launching something huge. ♪♪ the bare minimum. anti-dandruff shampoo made with only nine ingredients. no sulfates, silicones or dyes. and packaged with 45% less plastic. giving you outstanding dandruff protection. and leaving hair beautiful and moisturized. ma