this is blumer technology and coming up, elon musk is the biggest shareholder in twitter.anted and what change will he push for? now that shares have shot up 27%, could he just sell

this is blumer technology and coming up, elon musk is the biggest shareholder in twitter. why does he wanted and what change will he push for? now that shares have shot up 27%, could he just sell? we have this coming from -- covered from all angles and we will hear directly from todd mckinnon in his first interview since that massive third-party bridge from that hacker group. what really happened and how they are addressing customer concerns. we will have all the details in an exclusive interview. and what trends should you watch more that greater adoption is underway? we will speak with the top executive about the greatest global report. not to the big story of the day. elon musk and twitter. he says he owns a 9.2% stake in twitter worth somewhere around $3.7 billion now. making him the company's largest shareholder. the question is how he will use this new power. let's bring in ed ludlow. how active will he be? quite the devil is in the. you are only eligible to do this if you have no intention of changing or trying to control the operations of the issuing company. you a

in kyiv, ukrainian president blumer zelenskyy --volodymyr zelenskyy 52 top officials, accusing them of being traitors to ukraine. president biden has ordered the national strategic petroleum reserve to release 1 million barrels per day for the next six months in order to drive down the cost of fuel. it's an unprecedented release from the u.s. stockpile, representing about 5% of all u.s. demand. biden also warned u.s. oil producers they could face fines if they don't pump on land they've leased from the federal government. pres. biden: right now oil and gas industries are sitting on nearly 9000 unused but approved permits for production on federal lands. more than one million unused acres that have a right to pump on. familiesannot afford to let company sit on their hands. amy: in response, the center for biological diversity said biden's moves "will only deepen our dependence on fossil fuels and open the floodgates to more oil and gas extraction when we should be going in the opposite direction." biden also accused u.s. oil companies of raking in record profits while gouging american -

on the federal reserve search, is the white house still searching for a nominee to replace sarah blumer asking? and when are you expecting to make an announcement on the nomination? >> my understanding of the process is ongoing. i don't have an update on the timeline of when that would be concluded. >> a question on sanctions, the ones you're going to announce this week. is there anything you can tell us about them? and just to follow-up, if china and brazilian india and the middle east are not participating, how effective can they be? >> it may not be fully satisfying but let me do my best. in coordination with the g7 and the eu and additional t sweeping package of sanctions measures that will imposend costs on rusa to send it further down the road of economic financial and technological isolation. this will include a ban on all new investment in russia, increased sanctions on financial institutions and state owned enterprises in russia, sanctions on russian government officials and family members. these measures will degrade key instruments of russian state power, impose acute and imm

shery: blumer's bill dudley on the impact of the fed and the stock market. stage for a 50 basis point rate hike and start of a rapid reduction of its $9 trillion balance sheet. bloomberg's kathleen hays joins us. how hawkish is the fed now? kathleen: they are telling us they have the intent to be as hawkish as they need to be. they need to get inflation down. fed vice chair brainard hasn't been confirmed yet, but she gave a landmark speech where she put a lot of this on the table already. that is why some are saying it is not a big surprise that it is hawkish. 50 basis point ray kites -- rate hikes have been signaled by many fed officials that they are on board since the march meeting. at the time, it wasn't just a jane bullard from the st. louis fed who dissented publicly and said i want 50 when they went ahead with 25. had it not been for ukraine, many fomc members, according to the minutes, would have voted for a 50 basis point hike themselves. what else? the balance sheet runoff is going to be aggressive. it is going to start at the may meeting. that is