when i looking at the issue, bostic pollution, i'm for the to count the number a stick fragment in my home supermarket. but if you and over those 200 meters, i spot t to fragment plastic with my while walking. and if i like this would have found a lot or simply do it all you want to see you get abrasion more and more plastic. mold the white guy and steve to buy a massive particles posing into my particular to me. but so did pose a day plus one baton given the for right now we it's the small presented danger for the smaller part in bigger risk instead of just staying in the den tract and but read it could pass and the titian so on. and then that to inflammatory actions hit once that's visited, that sooner, benton, visible waste is idly pointedly disposal and it reaches crow scott. but however, it emanates rip, soil are vital for our bible. this is precise issue. the 2 are investigating what effect to micro plan, tap on the ment and on it's a front acting clear air planet. micro ex have now is found in an asylum capella. go. the arctics. curving discuss tense treatment to at least at mi

i will refer the matter concerning president bostic to the inspector general, and once that happens, i do not discuss it with the inspector general or anybody. the inspector general has the ability to investigate. we do not have that. that is what he is doing. >> michael mckee from bloomberg television and radio. earlier this year, you touted a three month real yield to 18 months as a yield curve with 100% explanatory power. you said, if it is inverted, that means that fed is going to cut, which means the economy is weak. that curve is only two basis points away from inversion now, so i am wondering why you are so confident that you have not over tightened, given the rates with the lag. chairman powell: we monitor the near-term forward spread. that has been our preferred measure. empirically, it dominates what people tend to look at, which is two and 10 and people -- and things like that. you have to look at why the rate curve is doing what it is doing. it expects a cut because it in -- inspect inflation to come down. in a situation where the markets are pricing in significant declin

>> i don't so as you know, i referred the matter concerning president bostic to the inspector general. once that happens, i don't -- i don't discuss it with the inspec inspector general or anybody the inspector general has the ability to do investigations we don't really have that so that's what he's doing >> michael mckee from bloomberg television and radio earlier this year you touted the three-month bill yield out to 18 months as the yield curve with 100% explanatory power, and you said, quote, if it's inverted, that means the fed's going to cut, which means the economy is weak that curve is only two basis points away from inversion now, so i'm wondering why you are so confident that you have not over tightened particularly given that rates work with a lag. >> we do monitor the near-term forward spread, you're right, and that's been our preferred measure. we think, you know, just empirically, it dominates the ones that people tend to look at, which is twos, tens and things like that it's not inverted, and also, you have to look at why things -- you know, why the rate curve is doing

no more than it and whatnot. bostic up, there are a number of to 5 here and they get diet more than what i see them up. they part of it. i all that information as to what i see of what themselves when you come when you would put them, if you like to play it, but they've already got annual data pricing. i think this is the team is martinez matched at the pamela because natal you must implement bluff that image. it's consciously. abernathy but notable a sheet. yeah. and the dish with not a lot but i she sco, price id love buddy on the appraisal. so i, you know, ask you to give us a call when you, when we talk a little bit a little bit, lou has actually found saved in the braces. naziism is a joke. all of a sudden you're placed in a position where i can defend myself. now, i don't know to be afraid anymore. on one hand, i'm terrified that they're going to find a jewish, but on the other, i think it's so far away. i distinctly remember my mom sitting me down one night and her saying, john, they're going to hurt you. one guy hunch me behind my ear, when i heard somebody shot now and the rest

today's crypto report we are focusing on the web3 fundraising landscape with the -- with shelley bosticyork, joining us now. >> the third employee at coinbase, thank you so much for your time coming see that little rally here. not just bitcoin, you are seeing it in a lot of alt coin. i would love your perspective in terms of how that that's how long that holds when it is so volatile and if it matters? guest: thank you, the big thing we are focused on, seeing how the markets have changed, looking for progress with user adoption. i think our interest is seeing the cryptocurrency space expand even more than a has today. we are excited to look at new, and new knew traction, adoption -- any new traction or adoption as we invest in new companies. >> i am curious what types of investments you would make in this phase, are there changes you would avoid for the market at large? guest: our strategy is remained relatively similar verbal and their markets, we have seen a number of different cycles. what is important to us is investing in generational companies and protocols we believe can stand the

you've got bostic, mr. and mary daly all cooing, a cacophony of doves, triple c. tom: j.p. morgan's call and of which -- kalanovich, the ultimate bowl, saying you will not see a uptick in assets until you have a pause. in china, you are looking at about a fifth of that economy facing kobe controls now in china now. the msci asia pacific up .3%, futures stateside broadly balanced. not a lot of movement, you saw modest losses yesterday in the u.s. and europe. futures is sounding dovish, philip lane suggesting a tick d own to 50 basis points is warranted for the ecb. euro stocks futures gaining a 10th of a percent. manus: quick snapshot. oil has rebounded from 6% tro uncing yesterday. the dollar has halted a three-day rally as we see this new cadence likely from the fed. the 2-year yield dropping slightly, and brent pausing for breath, up .2% this morning. as rbc says, opec is likely to err on the side of caution as we go to vienna. . bitcoin scrambling at $15,700 . tom: elon musk laying off sales workers, twitter already diminished by sales cuts and resignation. china is incr

atlanta fed president bostic and then bullard and then loretta mess after and neel kashkari and thenhairman jay powell gives a toast to charles evans who is retiring next year a lot of fed speak let's talk about the markets and what it all means with the markets coming off the second negative session in the past three. let's bring in victoria fernandez. victoria, i reeled off fed speakers and earnings reports. what is the most important thing in the market for you right now? >> i think you could have a busy day, dom, if you do nothing but listen to fed speak. you will hear the same story over and over. the fed is telling you that, yes, cpi was a positive number for them it is telling you inflation has probably peaked. you look at longer term inflation expectation which are well anchored. you look at import prices that are declining and supply chains are doing better all of these things tell us inflation has peaked on the whole. i think there are elements within the reports that will continue to be higher, especially when you look at food services i think what we will hear from the fe

. >>> the atlanta fed bostic says he expects 75 to 100 which is sufficient to tackle inflation this after inflation prints have come in lower fuelling that inflation has peaked boston fed president susan collins says it has changed how it assesses the employment data. >> this remains the current imperative and it is clear there is more work to be done. i expect this will require additional increases in the federal funds rate followed by a period of holding rates at a sufficiently restrictive level for some time. pandemic related adjustments like increased remote work and automation of service sector jobs have the potential to affect supply in the longer run. these trends will have differential impacts on workers. this is important because the fed mandate is to support a healthy economy with price stability and maximum employment for everyone policymakers must assess which labor market changes are likely to last. >> let's talk more about china beijing's biggest district ordered people to stay home with businesses closed and schools switching to online closes this after an uptick in covid c

bostic said he is ready to move away from .75 rate hike at the december meeting he feels the policy rateto increase more to tackle the inflation. he said any temptation to cut before the fall of the 2% target if the economy weakens >>> former president trump says he has no interest to return to twitter after elon musk reinstated his account musk making the decision after polling users on the platform. the former president is not the only high profile account reinstated on twitter. kanye west tweeted, testing, testing. twitter confirmed he was locked out due to violation of policies after the rapper posted a series of anti-semitic tweets. >>> and simon & schuster will let the sale to penguin fall apart. they will not appeal the ruling that blocked the deal with the announcement happening this week the judge in the matter ruling last month that the merger would reduce competition the reports at paramount will receive a $200 million break-up fee as a result of the deal falling apart. >> silvana henao with the headlines. thank you. >>> to the breaking news now with disney and the company's b

comes, of course, after raphael bostic from the atlanta fed says over the weekend he favors slowing the pace of rate hikes joining us negotiation conclusively is cleveland fed president and also an fomc investigate member this year, loretta mester great to have you, president mester great to have you back. >> thanks very much. thanks for having me >> so the market investors are obsessed with this idea of the fed slowing down and eventually pause interest rate hikes. how close are we to that >> well, i think we're entering a period now where fed policy, the funds rate, is just at entering a restrictive stance, so that's the way i like to think about it we moved rates up very expeditiously. we did four 75-basis point raises in a roll we're up 375 basis points on the year, and right now we're at a point where we're going to enter a restrictive stance of policy, and at that point i think it makes sense that we can slow down a bit the rate and paves increases. we'll still have to rates funds rate. >> shower. >> but we're at a reasonable point where we can set mop try policy to get back to pr

. >>> meantime, speaking over the weekend, we got to talk about this one bostic saying he's ready toarters of rate hikes at a fed policy meeting. steve liesman, this is big news. what's going on? >> yeah, andrew. those companies from the atlanta fed president are the only dovish type of comment that fed officials seem to be making these days the consistent message has been that they'll likely step down to 50 basis points in december. that is slower but not lower as bostic said, maybe just -- the fed has to do another 75 to 100 basis points of tightening you can see all of this in the fed funds futures. they start the week with the peak rate above 5% having traded below it on better inflation data before that rising on hawkish fed speak and better economic data it's priced right around 440 so despite the holiday shortened week, plenty of -- tomorrow, estimator, george and bullard. all of whom spoke last week. and then you get jobless claims and durable goods. fed minutes will be watched very closely this week and the reason is to understand a gap between a dovish statement and an unfl

we heard from raphael bostic about the glimmer of hope in softening price pressures. >> the fed has givens a lot of optionality with the last meeting, look at what jerome powell has said, he clearly cited that the data and reasons in the outlook for him to be much more nimble. from here, the fed is wanting to use those options as much as possible. that means that there is no certainty about how much they will hike in december. it looks like it will be 50 basis points at the moment but that is certainly up for debate as death reports come in. i am looking ahead into next year. we are beginning to get a situation that could be reinforced by the next dot plot. we could see a peak in rates early in 2023. as a question is how long the fed will need to hold rights -- the question is how long the fed will need to hold rates. from here, each data point is important. we saw the ppi softened slightly. also what we hear from fed speakers, they will be giving us some clues as to where they see the dot plots. there may be a small increase but not a large one from the dot plots we saw in september. hai

raphael bostic recently revealed he has revised his financial disclosures in st. jim bullard attended a citigroup event with no media present. new york prosecutors say they've seized almost 3.4 billion dollars in bitcoin from a property developer who scanned the dark web marketplace over a decade ago. investigators discovered more than 50,000 bitcoin in the home of the georgia resident. he was arrested last weekend pleaded guilty to wire fraud. is the second largest crypto seizure ever for the u.s. justice department. brazil's president elect will unveil a multibillion-dollar spending plan to pay for social aid. the first test of his support even before taking power as he needs approval from congress to break a constitutional cap on expenditures. during his election campaign he promised to boost cash for poor families, exempt more people from income taxes and increase the minimum wage. global news, 24 hours a day, on air and on bloomberg quicktake, powered by 2700 journalists and analysts in more than 120 countries. i'm vonnie quinn, this is bloomberg. haslinda: l

take a look at futures lot of fed speak today bostic, bullard, bowman, mester, kashkari twice as theen-year continues to swirl around. we're back in a moment well, we fell in love through gaming. but now the internet lags and it throws the whole thing off. when did you first discover this lag? i signed us up for t-mobile home internet. ugh! but, we found other interests. i guess we have. [both] finch! let's go! oh yeah! it's not the same. what could you do to solve the problem? we could get xfinity? that's actually super adult of you to suggest. i can't wait to squad up. i love it when you talk nerdy to me. guy, guys, guys, we're still in session. and i don't know what the heck you're talking about. ♪ >>> welcome back let's turn to the latest around the ftx collapse with the new ceo, john ray, going after sam bankman-fried in a new court filing "never in my career have i seen such a complete failure of corporate controls and such a complete absence of trustworthy financial information as occurred here. he goes on to point to faulty oversight led by a very small group of inexperienced

the impact of all this - >> see raphael bostic's recent speech >> victoria, weigh in here on your 2023ck friday, we talk about the playbook for the next year. >> that's right. i mean, look, i think the lag that we're talking about is going to be one of the key components that leads us into next year. we have already done quite a significant amount of raises when it comes to the fed funds rate we're going to continue to see that i think we'll get a 50 basis point raise in december. i anticipate we'll see one, maybe two 25-basis point races in next year that lag usually takes 9 to 12 months march was our first raise. we're just now getting into the effects we're going to see for us, earnings expectations are going to come back down. we're going to see growth continue to slow we'll see that globally as a lot of other central banks are now starting we saw the swiss bank raise 75 basis points we're seeing other people do it as well. i think there's going to be a catch-up and we're going to see slower growth. we do think we'll see that shorter, maybe that shallow recession coming into first