rafael bostic suggesting higher for longer.short end rates to ever so slightly this morning, aussie dollar is lit up like christmas, and there is a long way to go, up .8%, as the rba reaganites forward guidance on the possibility of higher rates. oil rises as saudi arabia releases prices -- raises prices to asia, and the dollar drops and again rallies, the highest -- and again rallies -- and the yen rallies, the highest since 1997, the bank was called first chicago, and we got car allowances in those days. dani: i hate to do this to you, but in 1997, i was not concerned about earning a wage because i was a toddler. my parents paid for everything. anyway, we will talk rba and central banks with garfield reynolds. and stephanie is on hand to discuss credit suisse bonuses. the rba raise rates 25 basis points and says further hikes might be needed. let's get to bloomberg's chief rates correspondent, garfield reynolds, the stars are aligning to bat down this market, to force it to see more hawkishness throughout the world, talk to u

the rba hikes rates to a 10-year high, adding further tightening is needed, all the fed's rafael bostic says a higher peak rate may be necessary. earnings in focus again today, bp hikes takes dividend and extend the share buyback after posting record profit. while bnp paribas plans to buyback five leave them euros worth of shares. plus, more from our exclusive interview with the ceo of s,, south africa's state-owned utility, as the nation faces its worst blackouts on record. francine: let's take a look at futures, the main story is what you will or will not hear from jay powell. look at the futures, they are holding on, trading sideways after what rafael bostic said yesterday. tom: he's not a voting member, but important context around the direction of the fed. in terms of jay powell, that's interesting, is he going to push back on market expectations, and will he push back against still pretty loose financial conditions? pretty key is that speech from jay powell. the ftse 100 gaining .1%, the cac 40 in france gaining eight points, the spanish ibex range bound. we have data from germany

one more thing dimension, raphael bostic is usually a centrist.h steve matthews, saying given how strong the jobs report was last week and assuming it is not an anomaly, they are going to watch to see if it wasn't just a one month wonder. chances are there will have to be more rate hikes taking them above 5.1%. and if necessary, consider 50 basis point hikes. haidi: kathleen hays. indian billionaire adani taking steps to restore confidence. 100 $20 billion of market cap has been erased following a u.s. short seller report a managing editor -- report. we are seeing an assortment of measures to prop up investor confidence. broader market sentiment. a bit of relief for investors. what are we seeing and is it having the intended effect? >> yeah. the most recent move is the adani group buying back share back loans, freeing up stock in some of those more infrastructure focused units. adani transmission. adani ports. that is firmly seen as a firefighting, restoring confidence move and a way to ward off margin calls, which they are very concerned about. t

the ten-year yield back to 3.7 bostic and kashkari talk hawkish. our roadmap begins with the street as we seek clarity about rates. the president expected to push for quadrupling the stock buyback tax. and chatgpt in focus >>> the chair later on today -- yesterday it was bostic, this morning it's kashkari, not lowering my rate path. still 5.4. argues that core services x housing has made little progress >> i think it's the opposite i think the only thing that has not made great progress is they have not had disinflation of wages. housing is actually lower in a lot of the hot areas a lot of the raw costs that go in natural gas is so incredibly important to our fabric and that's been -- talk about disinflation, that's crashed i find that where we are now, is that there are companies that have put through price increases and they got rolled back costco will take care of food. tyson took care of it with its own bumbling one of the worst conference calls of the year. oh, my god they should have said we screwed up catch us next time it was that bad. ther

raphael bostic highlighting the jobs numbers central bank may have to raise rates more to try to cool inflation is what he said. this comes after jay powell will speak this afternoon that could be a market mover joining us to talk about it is bill stone, chief investment officer, of the glenvue trust. you will not say selling everything and invest in bbby. that is not what you are going to say what are you advising clients to do after what was a red hot start to the year for stocks >> i think stay the course be mindful that we may not be through the volatility we certainly, you know, here is where it gets difficult. the payroll numbers certainly changed my math on bringing down the odds of recession. it didn't change the i still think it will happen thought, but it makes me less sure of that call. you have a lot of the growth ier stocks re-priced a bit the move in the s&p and higher on the growth side of the equation it is unclear whether we get the soft landing or not. certainly the market thinks inflation will get taken care of eventually maybe a soft landing or partially priced in

gdp another round of jobless on thursday followed by fed speak from president bostic and daily and more speak with jefferson,mester, collins and waller on friday. my guests are still with me. it's time now for the rapidfire round, three questions, three quick answers. do we see another 50 basis point hike from the bed in 2023? >> no. >> no. >> no. katie: next question, does the terminal rate get to 5.5%? >> likely. >> no. >> likely. final question, does junk or investment grade outperform this year? >> investment grade. >> investment grade. >> i'm going to go with junk area katie: we really appreciate it, my thanks to my guests. a great discussion in the s&p 500 fell .9% to end of the week. from new york, that does it from us, this was bloomberg real yield. this is bloomberg. ♪ start an easy to build, powerful website for free with a partner that always puts you first. godaddy. tools and support for every small business first. these days, our households depend on the internet more and more. families grow, houses get smarter, and our demands on the internet increase. that's why we just b

then you have disinflation coming into it, raphael bostic is looking at this and thinking perhaps we have to go higher to make our policies work. yvonne: maybe there is no soft landing or hard landing. rishaad: no landing. may good altitude. [laughter] david: alright, "knots landing." [laughter] yvonne: mohammed apabhai, white shorts now. mohammed: the mantra for this year has to be that audit will take for equities to fall -- all it'll take for equities to a fault is for the dollar to do nothing. if the dollar rallies, it will be worse for equities. the numbers indicate we have seen a bottoming in the dollar. we are not ready to call a massive rally on the dollar but even a moderate rebound, that should be enough to take the wind out of this equity market rally. rishaad: but the euphoria we are seeing in the last couple of months, could we put it down to the weaker dollar? mohammed: absolutely. especially in hong kong and china. rishaad: we are pegged here, don't forget. mohammed: i know. the less flexibility you have in your currency, the more your equity market rallies when the do

oh, i couldn't bostic northern virginia growing the moodle thought dominant masula queer check in with us. we had a thought that there is one scope, one of 2 things we had with nelson as well while div easy while finance ah young or union one slight yet if south. yeah. rational a south with a new dock. awesome boys. now watch them up all me at that. a bull up like beat them. that is emily apples, ready of? sure. sure. let me just kim's room. she thought, did you say the wattsey ella? a yes. my thought or jane in that again, do you watch, embody up my be a lot about this morning if there's just a natural oh, dilute, you must be here. it's a good name, but obvious, and net re upped in for a doctor that national results. your me it was a cheer. oh if i'm scheme fanatic. she might come because i'm already fema she had been home me feed it day. i'll be your last. it does darkly in read and of course us off. nice on us more credit on the book, which is nice on. i said not the thought usually yet on your stuff. mamma on. you said ok. not much. you know on i do a minute some i don't read it to

only no clue that one is a book slave amena over cuz bostic northern virginia brewing the will do that. the minute my sheila quick check in with us. we had a thought that there is one school with with audible to be a good idea. send net preempt in for a doctor the national results. you me a post. re achieve it all. if i'm scheme fanatics, you can because i'm already, she has been caught me feed it, i'll be your last the darkly. and then of course us off. nice on us monitor redwood or is the book which is nice on. i said not the thought usually yet on your stuff now my on you said ok. not much. you know on a minute some i don't know. do you do more good kids or 3 go nevada and ask them if you are you on their own? i go so if you all younger with gordon gordon i was in. i was without your photograph or someone who did. ah, yes. marana. what is it? a never this is all you got into the portal that was so nice. he wasn't that people were, you know, a single cell real square set of people kilometer on that one. so on your bill or is it a sub school? are he not patricia? quota me? mama parkin

the shipping giant invested $15000000.00 in bo, bostic solutions. boston dynamics say that stretch robot can perform multiple tasks . we'll talk mostly, as well as identifying items in a warehouse without pre programing and other developments. google ads invested $8400000000.00 in champ, startup chat, g p, t. the software functions as a both for internet searches and can even write and debug custom computer code. earlier, my colleague peter scott, discuss the issue with artificial intelligence research and lucas longo. foreign policy experts come out due to the debate of the pros and cons of bringing robots and ai into our lives. in general, artificial intelligence is a, is a good things for, for humans in the workplace or in indication like where i work. in terms of robotics, these things are happening. moreno manufacturing companies, chain as you described, a, d, h l, and i don't see many problems in using robotic automation in, in in manufactory james, we just need to pay attention about data surrounding these new technologies. we have seen many times and pass that extra use up artifi

oh, i couldn't bostic northern virginia boy that will do that dominant masula grouchy emma would say to the most, we had a thought that there is one school put of 2 things we had almost one year into the conflict. no major western leader is called for talks to bring peace to ukraine and europe. instead, we're witnessing dangerous escalation. the great tank debate has settled. will it be fighter jets next word of the said when i was sure thing wrong. when i just don't you world we have to safe out because the answer to an engagement, it was the trail. when so many find themselves worlds apart, we choose to look so common ground. that old will chew mostly here to go to name but he obvious and met but he upped him cup for doctor that now shots the results. yeah me it was novela. maria chia o e from scheme found out that she might come because i'm a temporary fema. she had been home me see a day i'll be your last dust dark way and read no actually sustainable. she us asked me all night a smarter clip. udo is awkward to me all night, said martha, thoughtlessly. yet on your stuff. mamma on

this comes a year after the shipping giant had mastered $50000000.00 in buy bostic solutions. boston dynamics. it says it's stretch. roy balls can perform multiple tasks, the old tune automatically, as well as identify items in a warehouse without pre programming. in other developments, google has invested nearly $400000000.00 in chat box start up chat, g, b, p t. the software functions as a boats for internet searches and can even write and debug accustomed computer code . my colleague peter scott, discuss this issue with artificial intelligence with a new car longo, foreign policy expert. so were come on duty who debated the pros and cons of bringing robots and artificial intelligence into our lives. in general, artificial intelligence is a, is a good thing for, for humans in the workplace or in indication like where it work. in terms of robotics, these things are happening. moreno manufacturing companies, chain as you described, a, d, h l, and i don't see many problems in using robotic automation in, in in manufactory james, we just need to pay attention about data surrounding the

russians will eventually back down if we show enough force by demonstrating they didn't know what st. bostic presentations to point to the american say look, that are going to strike back to us where, okay, you know, i mean that's, i think this is, this is wishful thinking. well that clara v a u k editor of the grades and it's, i mean you and i've spoken before and i really appreciate your work. and i just want to say it's great to get your side of the story on this. thank you very much for joining us, gets much better, richard, and i thank you. thank you, bye bye bye. and while other usaa is refuting any involvement in the attack on the north stream, pipelines and investigation into the incident conducted by some european states does continue. although, of course, russia essentially being blocked by all of it, less course live now to contribute a rachel marston to get some more details on this or rachel. what do we know about the role, the fear, ethically, perhaps role the alligator role of norway in this investigation? it's difficult to get a clear picture, but i fear you know more than i

we heard from others as well bostic talking about more work needing to be done especially with the jobs number on friday happens more than once more work could be done with the interest rates meaning they could go higher for longer >> i think the take away from the non-farm payroll print is the labor market is very strong and markets had to price in for that fact that the u.s. central bank can be restrictive for longer that means they priced in higher terminal rate around 5% and a longer period staying at the restrictive terminal rate. this boils down to the labor market if the labor market is that strong and then it does certainly keep the pressure on the fed to keep rates as tight as possible in order for them to be assured that wage pricers are not persistent over the year until they see that happening, i don't think they will let up on the rhetoric we could be in for a rather hawkish surprise today if you look at the composition of the numbers recently there was one exception which was the employment cost index. it surprised a little bit to the down side. that is one data point. >>

discovery we will have atlanta fed president raphael bostic and san francisco fed president mary daly >>> and let head out to simeon hyman with more. we saw the s&p slide a little bit, but investors are concerned about inflation and interest rate hikes what do you think you heard? >> the minutes were a smidge more hawkish than what we heard from the fed at the beginning of february that is in line with the market. the world got slightly better. interest rates went up a little bit. so i think having the minutes consistent meant the market had assimilated a slightly softer or no landing scenario. >> we played jim chanos sound earlier. he believes the tech rally and overall rally has been pushed up by lower quality stocks. his words. what do you make with tech stocks are you putting money in there are there other areas? >> i think the challenge here is now we have stabilization of longer-term interest rates that you will not get a contraction in multiples or expansion. if mull tiples are range bound, but still at risk with a mixed bag. the focus is on quality. consider how to he reengage

we have heard from people like bostic, people of the last test from the ecb talking about the need towill get an assessment from ccla. this is bloomberg. ♪ 202 pounds on golo.'ve lost so the first time i ever seen a golo advertisement, i said, "yeah, whatever. there's no way this works like this." and threw it to the side. a couple weeks later, i seen it again after getting not so pleasant news from my physician. i was 424 pounds, and my doctor was recommending weight loss surgery. to avoid the surgery, i had to make a change. so i decided to go with golo and it's changed my life. when i first started golo and taking release, my cravings, they went away. and i was so surprised. you feel that your body is working and functioning the way it should be and you feel energized. golo has improved my life in so many ways. i'm able to stand and actually make dinner. i'm able to clean my house. i'm able to do just simple tasks that a lot of people call simple, but when you're extremely heavy they're not so simple. golo is real and when you take release and follow the plan, it works. guy: we are

that i would think is going to be an important prosecution for the quest for the prosecution bostic trying to get out of the character of alex murdaugh, to get the point where why did you do this, when you have all of this wealth, we have this founded prestige and this money that was already there? >> my goodness, gentlemen i know we will we'll all be doing to tomorrow. watching day two of murdaugh in the south. thank you all for joining. us when we come back, congressman jamie raskin is here on kevin mccarthy handing over thousands and thousands of hours of january six video to one single fox news host. we're gonna break down what to the wrong news flash, it's a lot. and later, we've heard plenty from republicans about social security since the state of the union, from hellcats, to tucked cuts in the table, but there is a plan out there to keep it alive and to keep it that way. we're gonna discuss on the other side of the break. 11th hour just getting underway on a thursday night. a thursday night. but with upwork... with upwork the hiring process is fast and flexible. behold... all that

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lisa: the new york fed president, lisa cook, michael barr, raphael bostic, and chris waller.will be speaking today. i am curious to see with the linear thread is. if there is a sense of going to 5.1%, 5.2%. we are also looking janet yellen visiting a battery factory and commerce secretary talking about what we are doing with semiconductors, incentives and how that could push the sector to powering through. over shares, list take a look at that. up 8.48%. i am curious if we get lift later in the week, how much is this consolidation of market share and how much is that people are willing to pay a lot of money to get from one place to another? jonathan: off the back of what is happening with wages two. lisa: based on the fact that you will have to deliver higher wages to drivers, there is still left -- gas left in the tank. jonathan: sarah hunt is with us, from alpine woods capital investors. sarah: we have all been anticipating a change in earnings and the fact that we are not getting it begs the question, what is that mean? his phrasing that way also changes the discussion bec

raphael bostic speaks at 10:50 a.m., mary daly at 2:00 p.m., is fed speak taking on less importance atconfusing and it is about the data, not about the nuances of which member and what voting pattern? jonathan: without a doubt. it is the data closing the gap between the fed's projections, start of the year. ultimately, investors understand , kind of understand the reaction function and responded to that economic data, retail sales, take your pick, and push the rate high. lisa: and the reaction has shifted a little bit over time. there is the issue of inflation number one, but people are believing the fed will be more hawkish if the data is more aggressive and they will not be if they cannot be. jonathan: what happens to the inflation process starting? lisa: maybe it already ended? jonathan: it is kind of bizarre. usually they reflect the consensus in an interview somewhere, and he can talk about his own faults on matters. that performance in the news conference sounds stranger going over those minutes from yesterday. lisa: i would agree. at the same time, i wonder how much the disinfla

is that what you call full bostic?n thursday, they talked about at peak for an -- fed funds rate below 9% in april and march and 4.4% by the end of the year. now we are looking at 5.1% peak fed funds rate going down to maybe four point 7% surprising of rate cuts and a higher terminal fed rate which changes the inflation for assets and people are adjusting. jonathan: we get more data friday and i think those cuts get pushed off the table pretty quickly. tom: if we get more data, what we will hear from the chairman today with mr. rubenstein is no chairman has never been this data-dependent? jonathan: that's valentine's day? tom: it is. cameron dawson joins us now from new edge well. i love what you have in your sophisticated note about what the speculators are doing. it's not bill gross you are talking about, you're talking about the de-grossing that's going on now. explain what that is. >> we have seen this utter confidence by the bond market that we are going to get much easier policies moving into the back half of 202

the ten-year yield back to 3.7 bostic and kashkari talk hawkish.ty about rates. the president expected to push for quadruple