i have to say, we look at some of the hawkish comments we have from raphael bostic and mary daly. let's take a couple of days off, it is thursday. tom: that is the key data point. we are in -- on tuesday. a bit of profit taking across these markets ahead of the cpi print. in terms of giving it a clearer direction. we did have those officials coming out, nonvoting members, but the view that you will get 5% or above and held above -- for longer. the significance of these markets, we continue to weigh up what is happening in china. a bit of a pause in terms of the reopening trade across equities. different for iron or. the ftse 100 down 0.4%. the boe chief changing his tone, with the team is seeing in terms of inflation hedging slightly lower from the chief economist at the boe. the cac 40 down 0.4%. in spain, losses of 21 points. let's see how things are playing out cross asset. the s&p failed to hold significantly above 3900. just above in terms of futures. mike wilson from morgan stanley suggesting there could be further downside. up to 20% downside for the s&p because of these re

we heard from bostic and daly yesterday. interest rates a still to come for most economies. the question is when it will finally stop. running us now is bloomberg's western economy lead. if we look at the global picture and whether a bank might hold, cut, or pivot, is there a central bank that looks to be leading the end of this hiking cycle? zoe: if we look at the five big central banks, the bank of canada is one that is widely predicted to be cutting towards the end of the year. they are cutting first and then -- hiking first and then cutting. we are also expecting hikes throughout the first half of the year at the european central bank. our bloomberg economists see a possibility of cuts there at the end of the year. if we want to look at a massive pivot, turkey is one you want to be looking at. as we know, inflation is very high and because of the political reasons, they had to spend most of last year cutting and they are expected to stay there. however, there elections are at midyear and what happens after that, there co

bostic yesterday, it jamie dimon today, talking about rates and holding them there.s that going to be enough to make rates -- make the fed unpopular? what do you think? alix: i don't know because i don't know how much markets are actually going to wind up listening. you have a full cup priced in for july. that is not necessarily something the fed is going to want to see and it goes against everything guys like bostic are talking about. guy: absolutely paired one thing that is clear is that jay powell does not think he can control the weather, which is interesting, because he pretty much controls everything else. he was speaking at the conference in stockholm. the focus of the panel that he was on was what was happening with climates and how central banks should kind of deal with that. this is what he had to say on that matter. >> without explicit congressional wrote -- congressional legislation, it will be inappropriate for us to use our monetary policy or tools to promote a greener economy or achieve other climate-based goals. we are not and will not be a climate po

does the strength of the labor market raise the prospects for a soft landing atlanta fed president bostic is going to weigh in with us. the ongoing tesla tumble shares down another 7% pre-market after they slash prices in china once again let's begin with the better than expected jobs number for december, jim. .3 on wages versus a prior .6 revised down to 4. still, that's good >> i've been ridiculed endlessly. i know him in real life. >> and i've always felt that he would engineer something that america would like without throwing too many people out of work he has a big heart and this is what you need. like the mercedes retaining wall, what i want is the ford-150 to slow down. that's what you're getting now obviously. it's not a number that says he's stuck. he's got to go another .25 it is a number that says -- that confirms what james said yesterday. the fed has great numbers which is it was a potential cooling rate carl, you know, i'm a football fan and there are a lot of times when you win and you win ugly. this ugly win. the i mean, it's not -- you know, to the people who want it to

the economy is not slowing dramatically it's gradual it's steady as bostic just said. all of that tells you that up to this point this recession that we've worried about so much for so long is not really showing up in the data. there is definitely recessionary tendencies in markets, but in the real economy it is the case the inflation is coming down as the fed has been trying to achieve for quite some time and at the same time the labor market is holding up that's the good news from a bullish perspective. >> as far as a report is concerned, it really does speak to a soft landing. you've got the hiring and then the moderating wage growth on the inflation side the problem portion is that the fed not going to be satisfied. they are resiliently sticking to their 2% inflation target and their tough to being against inflation. so the risks for the market is that they way overdo it, isn't it >> totally the only thing here as jay powell has said, they will continue to go at it here is the quote, until inflation is well underway towards the 2% target. what does well underway me

some are questioning whether that's true raphael bostic telling me last week there's more work to do. tom barkin from richmond saying the inflation fight isn't over the minutes of the meeting that came out last week say no fed official is forecasting cuts in 2023 meanwhile, you have the ims services contracting the inflation rate running around 2.5%. look at how the job market reacted to all of this an economic weak necessary ahead, he said that act like we have a date with 5% or higher, almost no matter what happens here what is strange at this moment when things are so ambiguous, is for the fed to act as if their actions are so predictable the fed may have it right, but they could be making a mistake, such as last year, when they all decided the recession was transitory >> yes, yes. that quote is so good. it's odd to be in an environment we've never been in before, yet why is everybody talking about a number instead of arguing about the data and what's leading, what's lagging, and whether the bond market can -- let me bring in catherine. >>> take a test. who is the most hawkish? >>

overnight, some market participants commenting we had hawkish remarks from bostic and daly both suggesting the terminal rate will not just move above 5%, but stay above 5% for a longer period of time. that was not interpreted well by the markets. we have high inflation numbers from japan and then the china reopening as well the session was more bearish the stoxx 600 is down .70% in the early hours of trade let's get to individual european indexes and break it down. you see every single one of these on the back foot dax down .50%. yesterday, we spoke to annette about the strong german output number, despite the fact that consumption was down and production had to use less energy in the last couple months the output number still managed to hold out which was pointing to surprising resilience in the manufacturing sector in germany. cac 40 in france is down .60%. france will layout the pension reform plan. we will talk about that on the show it is a catalyst insofar as a mover is concerned as well as unrest speaking of unrest, union members and the government talks to put an end to the industr

by the way rafael bostic of the atlanta fed, it is fair to say the fed is willing to overshoot.ried about that and i think the market is worried about that. if you look at the yield curve the market signals to the fed they're doing more than they need to do. the fact the two-year is where it is at and 10-year it is at tells you that the market believes the fed should stop. the fed made it clear they will not do it anytime soon. that is triggering recession fears on part of investors. liz: doug forman, happy new year. [closing bell rings] dow swing from peak to trough, 44point. it will end in the red. s&p too close to call. that will do it for "the claman countdown." "kudlow" is next. ♪ larry: hello, folks, welcome to "kudlow."

oh, i couldn't bostic northern virginia growing the muddle, got dominant masula quick check in with us. we had a thought that there is lumps called put of oh oh is your media a reflection of reality in the world transformed what will make you feel safer? isolation, whole community, are you going the right way? where are you being led somewhere? direct. what is true? what is great? in the world corrupted, you need to descend a join us in the depths or remain in the shallows. the old ritual. most he had to go to name but he obvious and met but he often couple daughter than nations results he had me was novela each year or is from scheme from aptitude mark can be cause i'm a dental or is fema she ever hall me seen it day i'll be your rusty does dark when ready? no, she sits in of course, rush or sneak all night passmore. it's a little. it's a pork. what you need all night said martha thought peacefully. ah, yes, dan yost, us, mamma honest, i don't play much material. all night to eat many, some are all ready on the road. you do more him out to head, get rodrigo nevada in after i do on tha

oh, i could bostic northern virginia brewing that will do that dominant masula quick check in with us. we had a thought that there is one school put of oh ah, is your media a reflection of reality in the world transformed what will make you feel safe? isolation or community, are you going the right way or are you being led to somewhere? direct? what is true? what is faith? in the world corrupted, you need to descend, who join us in the depths. will remain in the shallows. a little chew. mostly had to go to name, but he obvious and met but he upton cup for dr. nash shots results. he had me. it was novela and he a cheer. oh, he found scheme fun out. did she mock come? because i'm at deck lorry steamer. she had the whole of me see it day i'll be your last the dark when read? no. so it actually says no questions asked me on that bus martin. my daughter is a bar code to me all night said martha thoughtlessly yet on your stuff. mamma on you said, oh, not much to you on a minute some i don't do my my dad could throw 3 go nevada and after the on that as non if you are you on the i don't know.

you know, complete occupation of pro russian government gets a government that gives up on the dom bostic government that keeps up on joining nato, a government that lead the march of joins the russian project or failing best or you grand, but it is so dramatically weakens off the coffee, but it will then pull both march challenge in the future. so for instance, an ability to got ukraine away from the black sea through se, occupying goddess and bet would be a ukraine. but we'll be glad, equally, weaker economically, politically. and it will be a question or flash on finishing their job at some later point. i have a problem with this kind of analysis and which i hear a lot in western media primarily because i think as these and put in is at risk of hers a loss minimizer. and he's pretty sure, with man, understanding that there, as a russian sentiment in ukraine is extremely strong. there. they've never been much appetite in moscow for, you know, western ukraine, you know, deletion other lines like that. so why would the russia ever want to get that soft involved into those lance when it fa

oh, i could bostic northern region and growing the will do that, don't i'm not sheila quick you much would say to the most we had a thought there is one will put of a the jagger's archipelago moment that she goes to san diego garcia, the largest island in the archipelago is now the location of a very large u. s. military base. you could go the med div i to the u. s. government to make a military base and just deported or douglas and people from their country. so they call it returned back on the island. no, but we are fighting. that's why i'm real fighting for the right. so i, we do not consider that the right to self determination actually applies to the trickle. since i don't the question, no self determination, the legal advice we have received is actually the chickens. we're not and all, not a people for me, it's time to move on and see what we can do all the time. the said committee to return back home. there is no support from the united nation. i commission african united nish. i don't care about child christian people with ah, the claims of the king of the belgians, leopold t

bostic as well. the market is moving toward seeing the 25 basis point hike. if you look at three-month expectations, the fed rate is going up 50 basis points. over the coming three months. that's pricing in a 50 basis point hike in february than a 25 in february, then another in march. any of those outcomes would be further slowing in the fed's pace. than it comes to that, how do you price in a long pause above 5%? the market is almost certainly going to start betting immediately not on how long the pause is but how soon it ends and how rapidly the fed comes down. that is going to really open up potential -- a potential battle royale between the fed and markets. the markets are already declaring victory and doing the inverse of what they did a year ago. a year ago, markets were telling the fed you need to do more because inflation is not going to be transitory the way you think it is. they were pricing and significant rate hikes when the fed was not contemplating significant rate hikes. now the market is convinced again that it's got it right, the question is

raphael bostic says inflation is still way too high. yes he sees good signs that prices are moderating, but there is still much work to do. that seems to be the main theme. jim says he thinks it could be going in the right direction and we are getting there. you see esther and rafael saying maybe there is progress but mostly they are looking at the fact they're going to have to keep the rates high in it that's one of the toughest thing for markets to get used to. shery: what do they need to see to make that much expected pivot? >> the labor market is key. it is still tight. let's start with u.s. payrolls. they are expected to slow from the previous month to an increase of about 202,000. bear in mind over the last eight months, each time we have gotten this monthly nonfarm payrolls number, it is come in well above forecast. furthermore, the adp private tally of jobs came in higher than expected for the month of december. they don't go hand-in-hand, but they are usually in the same direction. maybe another sign that the market is resilien

raphael bostic, nor mary daly voted this year. for reducing the size of rate hikes will be boosted if the inflation data that we get on thursday shows consumer prices cooling down. sources telling us that china is considering a record closure of up to 560 million dollars for special local government bonds. special bonds are a key funding source, which economists expect will fuel growth close to 5% or higher. officials are said to be looking at widening the budget deficit target to 3% of gdp for 2023. bloomberg sources saying that bhp has struck a deal to sell australian coal the chinese firms, a sign of easing trade curbs between the two countries. bhp sold to shipments to china by steel group for late january loading. china slapped an informal ban on australian coal in 2020 as relations soured between the two. we've got the billionaire, of nichols a short squeeze planning a shift in his production. we've got bloomberg sources telling us this billionaire is targeting a a refinery that causes a large premium and is in talks with st

atlanta fed president rafael bostic said i am not a pivot guy so maybe chair powell will say something similar at 10:00 a.m. on a panel discussion. he is speaking at the riksbank in stockholm and will be followed by a host of others including the ecb governor. they will also speak around 10:30 a.m. eastern and how did they talk about the move in the markets? you meant -- you mentioned easing of the financial markets and they will have to push back and what will they say that will get the markets attention? two-year yields in the u.s. have plateaued but in germany, people are buying into the story that it's not going to be a hawkish ecb partly because of the optimism and you have seen a reversal of some of the errors calls of goldman sachs saying that europe will not enter a recession and will the ecb kill that excitement by raising rates? it has been recognized in fx markets and bond markets. at 1:00 p.m., the u.s. will test the waters. the u.s. is selling $40 billion of three-year notes at a time of so many questions around what will happen with short-term yields. one member after ano

eastern and we get non-farm payroll numbers and the fed officials speaking with raphael bostic aftergeorge. >>> let's get a check of the markets. we have seen movement in the futures. it remains mixed right now the dow gained a bit of strength in the early trade joining me now is patrick fruzzetti at hightower great to have you on >> good morning, frank >> patrick, we have been talking about it all morning drama in d.c. and the fed minutes out raising rates for some time. no real sign of the pivot. the jobs report which means good news could be bad news what are you expecting for the markets today? >> frank, entering 2023, we are hoping for new beginnings. it feels more of the same. we have a strong and tight labor market we saw it with the adp numbers yesterday. today, unemployment is expected to remain unchanged. non-farm payroll around 200,000 means the fed will be higher for longer i think the fed has been firm and very consistent in the message. that will continue certainly through the first half of the year >> one of the big stories of 2022 was the rising dollar in q4, it fizzl

the market thought it should add up to less fed raphael bostic in the interview on cnbc says he is still full steam ahead of hiking above 5%. >> what i think is important is to hold there and stay there and let the policy stance grip the economy and make sure the m momentum is fully arrested to get to a place where demand and supply start to come more into balance. >> in fact, multiple fed officials speaking after the numbers came out steve liesman, cnbc business news. >>> and the picture overall today is still positive. less than the price action on friday s&p opening nine points higher let's take a look at the dollar. we did see a market selloff in the dollar on friday it was down 1.1% today, you can see that some of the weakness is continuing the euro is shy of 107 the pound keeps moving higher. 121.60 the dollar/yen is flat so much to discuss let's bring in the next guest. the managing director of fx strategy at rbc. great to have you on the show. we are going to talk about the non-farm payroll print and the impact on the u.s. dollar. it feels one of the major stories we have been ta

steve liesman will speak with esther george and followed by the atlanta fed president raphael bostic lots of fed chatter. >>> now the fed has done away with forward guidance, there is more emphasis on the data. yesterday, we learned u.s. job openings fell less than expected in november. the number of available positions at 10.46 million from 10.51 million in october the number of quits rose by 126,000. separately, the ism manufacturing index fell for the second straight month from 49 the month prior. >>> 2022 had rate hikes across many markets tim edwards with s&p 500 is with us tim, i want to kickoff what we saw yesterday. a bit for the bulls and bears in terms of data. the economy is slowing, but the labor market remains tight everybody is trying to figure out what this means for the fed. what do you do with the data as an investor? >> it is interesting to reflect, actually exactly a year ago that we got the december minutes from the fed. they said we will change direction and that turned out to be the high in the equity markets. this year, we got the minutes from the december meet

we have the likes of bostic and george suggesting the fight around inflation has some ways to go. bullard on the other hand saying maybe we will be closing in on a rate that will have a material impact putting inflation lower. across the benchmark in europe, gains of .1%. futures in the u.s. pointing higher. the dax is down but the ftse 100 gaining on the back of what we are seeing with basic resources, iron ore and the links to reporting out of china that they are considering easing around the property sector. the ftse 100 gaining on the back of that, up .4%. let's see how things are playing out across sectors. basic resources near the top of the list, gaining .9%. energy also gaining, up 1.3%. brenda $78 a barrel, wti $73 a barrel, also up .2%. at the bottom of the list, autos taking a hit, down 1%. that's your check on sectors this friday morning at 830 1 a.m. in the city of london. francine: samsung has been hit by weak demand for chips and smartphones. alex, when you look at what we heard from samsung, are people switching to other providers or hardware? or is this an industr

rafael bostic telling us there's more work to do.ould go well into 2024 barken said the inflation fight i isn't over the ism services contracted. wage growth slows. five-month analyzed inflation is running around 2.5%. to be sure the unemployment rate did fall by 0.2. here's how the market reacted to all that data on friday. the two-year fell in two steps, in the jobs number and ism services a sign that it sees the inflation and the economic weakness that's out there. you couldn't see that kind of drop in the fed rhetoric anyway. the appearance by looking at the comments is that fed officials are not really data-dependent. it looks like they've got this idea in their head to go to 5% or higher almost no matter what. former columbia professor, talked to him over the weekend, he said what's strange at this moment, when things are so ambiguous, is for the fed to be acting like their actions are so predictable. the fed may have it right. inflation is a persistent threat or they may be making a mistake similar to the one they made last ye

this is something that james bullard has said, something that raphael bostic has said, as well.his is coming in the context of some other players, the dallas fed, patrick harker getting on the train at 25 basis points. we will continue to bring you more headlines as we get them, specifically, commentary from lael brainard in chicago. still ahead, joe manchin discusses a path forward to a catastrophic u.s. default. that interview from davos, switzerland. this is bloomberg. ♪ kriti: this is bloomberg markets. i'm kriti gupta. now to something that i think is so important, even if the markets are not trading on it. the u.s. debt limit. really making the extraordinary measures enacted at the treasury. take a look at the last five or six years. you can see how it has popped higher. will they be able to push their differences aside and navigate yet another increase in the debt ceiling? a lot of people saying is the debt ceiling even a logical option? that will be a hot topic not just here in washington but in davos, switzerland. senator joe manchin is calling for bipartisan commission

colleagues will speak to raphael bostic later today that is happening at 4:00 p.m. cet. >>> coming up on the show, tesla sinks in the pre-market as it slashes prices in asia the second cut in a quarter in china where the model y is now on sale at a huge discount to the u.s. the details are coming up next when we started selling my health products online our shipping process was painfully slow. then we found shipstation. now we're shipping out orders 5 times faster and we're saving a ton. go to shipstation.com /tv and get 2 months free. >>> welcome back to "street signs. bed bath & beyond reaching 30 year lows on thursday. the retailer warned it is running out of cash on the reports it could file for bankruptcy the firm is considering withholding interest payments on $1.5 billion of debt due february 1st triggering a 30-day grace period before it defaults the retailer posted a $385 million loss in the third quarter. >>> samsung's quarterly profit fell to an eight-year low. the south korean electronics giant has seen leower demand fo chips. sherry cheng filed this rep

federal reserve rafael bostic and thomas also said to speak on the economy today.ts now seeing a 39% chance of 50 basis point rate hike in february. your thoughts? >> so that probability has been shifting around. i think this week with the data, when you look at the jolts data, the number in general the market -- with regard to st. louis fed president bullard, i would say he's not a voting member this year but influential member of the committee last year in terms of the fed moving the needle with interest rates last year, i think what the fed is saying, look, we did a lot last year, we will slow down the pace. we are not going to stop. if you listen to the minutes -- restill have some wood to chop here. so the market is pricing a terminal rate the fed end game, little above 5%, it was a little below 5% earlier in the week and i think that's where they want to go, but they not only want to go there, they want to go there and try to stay there, the notion of higher for longer, if you listen to the fomc minutes it's pretty interesting when you listen to the language

those three little words rafael bostic said, a very long time. the market is saying, your life, we don't think you'll get about 5%, you will get back down to where you are now and possibly even lower. there is a big battle going on. that is why we saw a little bit of volatility. and although 2-year yield 1010 year yields each dropped by more than 12 basis points at one stage yesterday, they ended back up a little bit. about 10 basis points on the 10, and nine on the 2. they are retracing today because of the bank of japan and the jgb market. but one of the really fascinating parts about what has happened post-cpi in bonds is the short to long yield curves, 2's, 10's, have stayed deeply inverted. the long end is still performing well, which says recession is more on the bond market's mind then the idea that we're going to get some sort of soft landing because the fed is going to be able to smoothly fine-tune its policy because it has timed inflation. dani: i've got to tell you, given the disconnect between markets and the fed, it is patient's to a

we'll hear what he thinks in addition to bostic and george. the ten-year almost back to 3.8% we're back in a moment [finger-tapping] if your work, works for your community, then you're on team earth. >>> welcome back to "squawk on the street." rick santelli here live with the last breaking news of the session in the form of s&p global services and composite pmi. on the services side, the final number is 44.7 that replaces the mid-month read of 44.4. it's the lowest level since august it is the sixth th month in a under 50 for contraction and august's number on the services side was the lowest since -- august was lowest since may of 2020, the was at 43.7. if we look at the composite, it improved from the mid-month read 44.6 gets replaced with 45.0, also the lowest level since august august's read at 44.6 was lowest since may of 2020. and also the sixth month under 50 in contraction mode "squawk on the street" will return after a short break ah, these bills are crazy. she has no idea she's sitting on a goldmine. well she doesn't know that if she

it did tighten financial conditions but now we're not seeing that result comments by bostic yesterdayn around the stock market, but not much of a move, if at all, in the bond market. >> interesting yeah i saw hatzius argued if fed and inflation slow, the fed may be more tolerant to raising. steve liesman, thanks. >>> let's turn to coinbase, cutting 20% of its workforce in second round of layoffs. the stock has performed well today, up 4% kate rooney has details. good morning, kate. >> good morning, carl. that's right coinbase is blaming the crypto market downturn and broader macro environment for the latest round of layoffs cutting about 950 positions. it's the second major round of layoffs for coinbase back in june the company let go around 1,000 people, 18% of its workforce at the time and cited a need to manage costs and said it grew too quickly during the bull market. ceo brian armstrong telling me, looking back, he says, we should have done more when it came to layoffs, but he says the best you can do is react quickly once information becomes available. that's what we're doing in

also rafael bostic is speaking in a panel and says that the u.s.in a pandemic economy and i assume that it refers to demand and completion. i have given you a little taste of the officials still sounding hawkish. this is bloomberg. ♪ and and other paperwork that's preventing you from doing what matters most? then get the all new epson rapidreceipt smart organizer to scan, digitize and organize your documents and receipts. receipts go in, and stress goes away. it's the only solution on the market specifically designed to extract and digitize key data trapped on receipts and invoices. and it integrates with financial software like quickbooks and turbotax. transform paper documents like contracts, tax records, warranties, wills, even recipes into searchable pdfs. so the information is always right at your fingertips, safe and secure. you can even turn business cards into digital contacts, and it scans up to 100 pages at a time. even different sizes in one batch. with this exclusive tv offer, you'll get the epson rapidreceipt smart organizer and over $

that may be one of the reasons we heard from raphael bostic, and made it clear, we are staying on hold for a long time. it makes the job more difficult. let me just add, we have got a big package coming through from the physical side of the equation. that is something the fed is going to have to work its way through, because that is going to feed even more inflation. kriti: it was interesting to see how far that goes. once again, quincy, we have not talked about china yet. certainly a topic for next time as well. quincy krosby of lpl financial. get a check on these markets. the stock market, green on the screen for the s&p 500. you are seeing some real outperformance not only in the nasdaq, but russell as well. which tells you there is momentum at play when it comes to equities. you are seeing the 10 year yield down about 10 basis points. monumental move in the bond market. some special guests coming up. stick with us. this is bloomberg. ♪ ♪ ♪ - if you're thinking about going back to school this is for you. ♪ ♪ - i ended up spending less money my entire time at snhu than i did in just

oh la, la, la, la bostic. what they do, what do you watch? a lot of african stories from african perspectives. machine, a picture with short documentary from african fill me from wanda and bookkeeper. fossil printed with the sounds of home and the coach, africa direct on al jazeera when a hands on journalist working in asia and africa. that'd be days where i'd be choosing and editing my iron stories in a refugee camp with no electricity. and right now where confronting some of the greatest challenges that humanity has ever faced. and i really believe that the only way we can do that is with compassion and generosity and compromise. because that's the only way we can try to solve any of these problem is together. that's why are so important. we make those connections. a 115000000 trees disappear every year into the clothing that we all wear from. ok, cycling to say before is the famous yellow dress from blue jeans. know, to conserving the world's winning wetlands. 38th world global bird migration. white intersect right, where we are basic disc

let's see. la, la, la, la bostic. up. what did you do? do you watch a lot discover a world of difference determination. i am talking about when we meet, we are moving freedom plan shot soldiers among the 16 people with corruption and compassion al jazeera world, a selection of the best films from across our network of chapels. ah, [000:00:00;00] ah . al jazeera, with hope frances is said to visit the democratic republic of congo and south to dawn in a trip that is meant to heal the wounds that is still bleeding. will the pontiff to visit started chapter of peace and reconciliation ending the internal conflicts of these 2 nations. pope and africa on al jazeera lou. hello there. i'm dealing with donald's here in london with our current top stories on al jazeera funerals have been held across the occupied west bank for those killed in an israeli weighed in the jenin refugee camp. 2 09 palestinians died after israeli forces entered early on thursday morning. one more, died in a protest related to the violence. it brings the number of palestin

let's see. la la, la, la bostic. up. what did you do? that is what you bought. it. a lot. it round australia, the 10s of thousands of years then disappear. now scientists are working to bring the tasmanian tiger back from the dead. 11 east investigates on al jazeera african stories from african perspectives. machine, no songs of home music, no ma mancha. now when i did picture with short documentary from african fill me from wanda and bookkeeper, faster printed with wanted is what it sounds of home and the coach africa direct on al jazeera february on i just need a ride nose and tigers, in the whole host to the brink of extinction, one or one he's discovered how they're 14 happy turned around a year on from brussels, evasion of ukraine. alger 0, looks at the impact and asks where events might lead from here. rigorous debate, unflinching question. up front, mclamore hill cut through the headlines to challenge conventional wisdom nigerians vote in what's likely to be the most closely contested election in the country's history from those that wielded to those who confronted

there is up silence with leslie la la la la bostic. up. what did you do? that is what you bought. a lot. a $115000000.00 trees disappear every year into the clothing that we all wear from up cycling to say the forest. the famous yellow dress fade from blue jeans law to conserving the world. dwindling wetlands. 3 of the worlds global bird migration white intersect, right? where we are basic discovered a treasure trove. it is one of the most special that lands on the plan. i for ice ecosystems alert on al jazeera, this is a region that is rapidly developing, but it's one also that is afflicted by conflict. political lupsi world. we've tried to balance the stories, the good, the bad, the abbey, and he's the people who allow us into their lives, dignity and humanity. asked me to tell their story. african story from african perspective. mint condition, select wireless, cause your response to not once in a written one that lifted short documentaries from african filmmakers from booking a fossil and head for me, it's really important to teach. the present comes in do something that i can

bostic today about 5%. that would be unwise >> but, i mean, they may make a mistake. >> they may choose to snatch defeat from the jaws of victory. if you look at the last two cpis and got another one next week. you're looking at month over month increases and headline cpi 0.1, 0.2%. i'll grant you there was a big mistake made a couple years ago and taking some time to unwind, but the fact is it's unwinding >> brin, what do you think in. >> i think it's way too early to say this is soft landing the fed is still flying the plane 40,000 feet in the air, and they're probably going to mess the whole airport so we still have multiple fed meetings and once again i'm just going to take what they're saying at face value, they're going to still go further until the data tells them otherwise to me the strong gdp and 3.5% unemployment says we still have further to go. i will say that from an inflation perspective all that matters is month over month. so if anyone's looking at annualalized i'd say throw it out of the wi

and i did ask bostic about that. maybe we do 25 and maybe another 25 and that's it get to 5% and then they're going to hold it there for a while but like i said, kelly the way to think about the fed is they're the forest ranger and you and i might pour a bucket or two of water on the fire they're going to pour five buckets on the fire. and they're going to stand around that fire and watch it to make sure it's not a single additional ember still aglow >> definitely how it feels right now, that's for sure steve, thank you our steve liesman. meanwhile, what kind of shape is the consumer in these days this one has been a little trickier to assess it's a different environment with inflation michelle meyer is the chief u.s. economist at mastercard institute and brings us the pulse of main street michelle, what are you seeing in the data >> to us, the consumer is still out there spending, you know, when we look at the holiday shopping season, we saw holiday sales up 7.6% over the november/december period for total retail "x

will be facing the somewhat conflicting signals and here is what the atlanta fed president, raphael bostic, said about it when he was asked about this conundrum. >> i am very open to both. one of the things for me, we got a fair amount of feedback from the business community that the holiday season experience was going to be a big driver about their expectations about where they year is going to go, so as those numbers come out and we get a clearer sense, that will really help me move. 25 versus 50. jinshan: now -- kathleen: now, we know where jobs are and we will be focused on consumer prices, a big inflation report that comes out on wednesday. rishaad: what are we looking at with regards to cpi thursday? that will be key here and if we get 6.5% which is the headline rate, would that be enough for a smaller move in terms of interest rates? kathleen: absolutely. wednesday, u.s. thursday, asia. what has become the big report of all the reports to come out every month, let's take a look at what is going on here because the numbers last month came in lower than expected and now, this month, a

mentions of the economic risks of its aggressive rate hikes we talked to atlanta fed president raphael bosticast week he said there is more work to do both he and esther george of kansas city say that 5% rate should last well into 2024 barkin from the richmond fed says the inflation fight isn't over those minutes on wednesday said there would be no cut, no fed official is thinking about cuts in 2023. meanwhile, ism services contracted that's the biggest part of the economy. december wage growth slowed after november was revised down sharply. the five-month annualized inflation rate running around 2.5% the market took in all this data and here's how it reacted. it fell in two different steps from the jobs number and again the ism services number, a sign it sees both the inflation and economic weakness after taking in all that data the appearance by looking at their comments is fed officials are not data-dependent put looks like they're headed to 5% no matter what. some out there are counseling patients at oxford, their economist wrote t may take longer for organic forces to bring inflation bac

raphael bostic at 9:20. do they give a sense of where they fall on these balance of risks? of the various machinations of fed speaks. are they willing to go fall kashkari and her say we are going to torpedo any growth and keep going because we will not even know if we have seen big inflation. jonathan: that meant something very different to years ago. tom: what would we do without her? you and i would have never came up. jonathan: lisa is a full class -- full-time world-class economist. the global market strategist joins us around the table. thus -- does kashkari have friends at the federal reserve? do you think he has company? david: i think this is one of the instances where, what the market wants to hear and see is very different from what the fed is planning to deliver and to reintegrate the point, they are haunted by the 1970's. they are more than comfortable. they are more than comfortable overdoing it in a area on the side of caution rather than having inflation becoming more ingrained in the economy. tom: what's do i do if i go to a big fancy bank and i took the rig

i'm going to get a chance to ask that question with those questions right here to rafael bostic we haverview with him today at 10:00 a.m. guys, joe? >> where would we first see cracks, do you think, steve? the -- is there any way that the adp is no indicative or all the other data we got, that it's not indicative of what this number is today >> yeah, you know, joe, we have a very short history with the new adp calculations there's a lot of wearness of it. it has been lower than the forecast by about 100,000 or 50,000 jobs over the past four months so that could be a sign that things are going to be the upside today the number i'm looking at, joe, i'm really interested -- the second segment you had with jan kniffen. i got a note yesterday from a person laid off at meta said he had three job offers and a new job within a month salesforce dropping 10% of its workforce and 18,000 i'm going to be looking at this one segment to see how long people are spending on unemployment if there's a low amount of time that they're unemployed, it tells you the job market remains hot and people lose their

this comes the day after the comments from raphael bostic who said the fed is willing to overshoot withrough 2024 he will consider a 25 basis point hike depending on the cpi data best hope for stocks coming thursday that may not be enough the fed has been inclined to look past it guys >> steve liesman, quickly. how tough do you think he will talk today in terms of how the market may be reacting one way or the other >> if he gets around to talking about the economy, andrew, and monetary policy, i don't know today is the day he will give monetary policy. maybe if comments are there after the inflation report and it is benign, maybe he will signal 25 is coming rather 50. like i said, i don't think this is data dependent. this is date dependent they have a date with 5% funds rate >> steve, thank you. i appreciate it. we'll see. >>> coming up, we talk markets and where you might be putting your money to work futures are still in the red later, mike novogratz talks the economy and crypto and much more "squawk box oinl " is coming ri back that's what u.s. bank business essentials is for. (oven