how different will bridgewater be?as been there since 2006 and started her career there after college. she was approved by greg jensen and she said this is years in the making. in 2008, she worked closely with greg and ray and still in her 20's, navigating the financial crisis, the comment you heard earlier sets up how she is starting his new role, the idea about where we are living in an era that is something like the 1970's and where she thinks investors have it right and where they have it wrong. they have strong views about the interest rates and i asked her if it's naive to think that fed would be tilting dovish and she said in the near term they could but it's very short-lived. let's see how bridgewater can navigate in this environment. kriti: we are getting into a really tricky situation where there aren't clear parallels historically and that's something that karen had referenced when i comes to the inflationary story. where does bridgewater stand right now relative to its peers? sonali: bridgewater, 120 $5 bil

what does this tell us about culture at bridgewater?there for so long, i think that's an important part of this. is there a drafting shift in her being there in this role? no, because she has been there a long time. i want to point out that this is not a story about diversity and inclusion she has been there since 2008. she is the first woman to lead a spot like this at the world's largest hedge fund. culturally, there is a ship. this is a notoriously male-dominated industry. its beings measures for the asset management community and the world's largest hedge fund. guy: huge fan, she's amazing, you're amazing. stay, right here on bloomberg. we will sit down with brett harrison, former ftx u.s. president. that is an innovaro you don't want to miss. -- that's an interview you don't want to miss. let's talk about was happening in the european ball markets. 41 basis points, the east hiked by 50 basis points and signal another 50 basis points. if you looked at the data you would not see that story. peter praet a former economist from europea

i think the guy from bridgewater even though here's -- he's a republican i agree with what he's talking about. on c-span, there are a lot more topics to be concerned about right now. let's talk about what happened at michigan state another mass shooting. we are also here on valentine's day the anniversary of parkland. in florida. you are talking about whether the biden administration is doing a good job on shoot down of the balloon. there're so many more important topics. when are you going to start talking about jim jordan? what's going on in georgia and the indictments possibly against the former guy? >> the white house put out the national security spokesman yesterday in the white house briefing room to do an entire briefing with reporters about this. a lot of members of congress in the building behind us are asking questions about this. >> this is the second day. >> are more questions being asked. >> as the bridgewater guy said, this is a topic that doesn't have to be talked about every single day when we really don't have all the information yet. >> we will see what other informati

bridgewater has named karen karniol-tambouras it's third co-chief investment officer.e first woman to hold the tough investment job at the world's largest investment fund. bridgewater is bulking up its management less than four months after the billionare founder ray dalio stepped down as one of the co-cios. >> i think the fed could tilt and the narrow term rather than what is priced in but it's very, very short-lived because at the end of the day, when you look at the basis of what is ahead of them, the fed is going to face tough trade-offs. over any kind of medium timeframe, you will either have the economy is slowing a lot more than currently expected by markets, so there's no earnings slowdown expected whatsoever; or the fed is going to see that they have to continue tightening because they're not getting the inflation that they want. which a bank is preparing further job cuts with cuts likely to be in areas outside the training unit. the ceo says meeting expense targets in inflationary environment will require further savings. worth quarter pretax profits and reve

bridgewater has named karen tambor as its third coaching investment officer.the first woman to hold the top investing job at the world's largest hedge fund. bridgewater is bulking up its management less than four months after its billionaire founder stepped down as one of the co-cios. the border between hong kong and mainland china will fully reopen next week for the first time in three years. china says it's canceling pre-arrival pcr tests and the daily quota for travel across the border. however, a 48 hour pre-arrival test will be required for visitors to hong kong who have been overseas within seven days. global news 24 hours a day on air and at bloomberg quicktake, powered by 2700 journalists and analysts in 120 countries. this is bloomberg. dani: thanks so much. coming up, tech shares slide in late trading. apple, amazon, and also bet i'll downbeat earnings. we have more on those results, next. this is bloomberg. ♪ introducing the new sleep number climate360 smart bed. only smart bed in the world that actively cools, warms, and effortlessly responds to bo

patterson is a strategist at bridgewater associates. she is out with the op-ed. the, for the storing, these drivers will take the landing for the u.s. economy. welcome, great to see you, great to have you again. before we get to the drivers, wiley coyote, that does not sound like a good moment for the u.s. consumer. that is what you think is going to happen.>> i think that is where we are headed. the target was a perfect example of this dynamic. their earnings right now are fine, their expectation is soft in the consumer right now is fine, but where are we going work so anything about what is holding up the consumer right now, they send it down other savings from the pandemic. this will transfer and what struck me and what prompted me to write this piece was the federal reserve report that came out recently that shows that in the fourth quarter we saw between mortgages and credit cards $400 billion going onto total household debt balances. that was the biggest increase on a quarter we have seen in 20 years and credit card interest rates today are up to 20% which

on the flip side, we just got bridgewater's 13f filing, bridgewater is the world's largest hedge fundesting is that they tripled their gamestop holdings, they increased their amc holdings by 74%. so this is not just the retail investor buying into these meme stocks. the world's largest hedge fund also buying into these meme names as well and making a lot of money in the process. ashley: fascinating. susan: yeah. they doubled their money. ashley: they are. of. susan: in gamestop. ashley: covered a ton of ground, as always, susan. thank you very much, appreciate that. >>> coming up, health concerns are mounting in east palestine, ohio, after a train derailment released toxic chemicals. listen to this. >> the evacuation order was lifted too early, prematurely, and if you don't have to go back yet, try to stay where you are. >> i was here five minutes, and i have a headache right now. ashley: doesn't sound good. republican lawmakers demanding answers from transportation secretary pete buttigieg who has remained silent. ohio congressman mike turner will be here to talk about that. >>> poli

were in for a big surprise on the roads last week as mallory the emu escaped from her home in east bridgewater, leading police on a bit of a chase afterward. in security camera and cell phone video, you can see her casually walking down the street before picking up major speed. mallory was finally captured by animal control after an hour into her journey. >> it makes me wonder just how fast an emu can run. coming up in a minute, why the college board is calling out governor ron desantis. >>> no more panic at the pump. good news for vegas residents. ar blood pressure. try vicks nyquil high blood pressure. the coughing, aching, fever, cold and flu, for people with high blood pressure, medicine. why burn a candle when you can switch to air wick essential mist? it's the modern way to transform fragrance infused with natural essential oils into a mist. air wick essential mist. connect to nature. ugh-stipated... feeling weighed down by a backedup gut" miralax is different. it works naturally with the water in your body to unblock your gut. ...free your gut. and your mood will follow. experience the

bridgewater founder ray dalio. bridgewater founder ray dalio. of sleep number sleepers very satisfied with their bed? maybe it's because you can adjust your comfort and firmness on either side... your sleep number setting. to help relieve pressure points and keep you both comfortable all night. and now, save 50% on the sleep number 360 limited edition smart bed. ends monday. >>> okay, folks. if you're a banker, you're going to want to close your eyes or close your ears because apparently -- we'll debate it. we're not going to say it outright our next guest is going to say it outright. the era of the superstar banker may be over. howen that the assembly line nature of modern finance has now taken over liz hoffman broke the story arngstory. >> it makesme think that i'm right. >> i don't think you're wrorngs how about that >> lit. >> what had it been? >> i think a couple of things happened number one, m & a got boring the actual tactical advantages, the cat-and-mouse game didn't play any more. the other thing is the m & a boom of the 2010s was enti

terrible acts of violence in bridgewater, charlottesville, chesapeake,, most recently in newport news. in each case we have seen the love, compassion, fortitude, courage of our fellow virginians on display. we began working with cities that were falling further and further behind. we have launched a comprehensive partnership for petersburg. state, local government, businesses, nonprofit organizations and faith leaders bringing together more than 75 stakeholders. we were implementing over 40 initiatives to address the challenges in the petersburg community by keeping their neighborhood safe, fostering business and economic growth, improving access to health care, preparing petersburg students for life, keeping people moving with transportation. bringing together communities and faith leaders. our partnership for petersburg is demonstrating what we can't accomplish with comprehensive commitment and cooperation. the goal is to transform petersburg for a future because petersburg matters. [applause] >> this partnership is the catalyst for the city's renewal. a template for other strugglin

shery: bridgewater associates new cio speaking exclusively with bloomberg.ur next guest says it is encouraged by the strong start to the year across risk assets but it is not sounding the all clear. joining us now is a cofounder, good to have you in new york. let's talk about why you are cautious. is it more the potential hawkishness coming from the fed? the potential earnings declined we might see this year? >> we are not through enough of the year or the end of the credit hike cycle to know exactly what is in front of us, but i think there have been early indicators that tail risk is coming down, so we are optimistic that there are a lot of opportunities within the asset class into fixed income we think investors should be thinking about. they need to be cautious, of course, because as you last comment from bridgewater engined there are still a lot of trade-offs the fed has to make. we are not anywhere near the goal of 2%. in fixed income it is an entirely different year in 2023 than it was 2022. shery: tell us why and what you like? >> we think about the

cadence design posted its earnings earlier this week bridgewater associates cut its stakes by 80% in q4 of last year another. lar name among the 13 filings was salesforce with five known activists in the stock you have starboard filings valueact over half a million inclusive cap over 6 million elliott management the sigh of those positions is still unknown. keep in mind 13 filings provide an update on q4 holdings and they may have changed in the past three weeks for cnbc news business i'm kristina partsinevelos. >>> the bust could drive more inactivity this year they have already raised or are in the process of raising $17 billion in this quarter. we have with us the ceo and founder of the company great to have you on the show. 2022 was a year of revaluation for the tech stock community we saw a massive plunge in the nasdaq down 20%. this year things are turning around somewhat. i wonder what extent over this new focus on it, how is that going to go forward? >> it's very exciting. there will be new eras later, but this is a new one opening up chat gdp is growing in the hands of publi

this is john from bridgewater, new jersey, republican. caller: good morning.verything has to be partisan. these are matters of importance for the state. we lead the world in surveillance. we go back to gary powers to 1960 and before that. to me it is no big deal. we have balloons or satellites. they have their balloons and satellites. they know what we are doing. we shouldn't -- we should let things settle in. it is not a big deal. it is great political theater. if it was trump in office, the democrats would be clamoring for his head as well. let's not make everything partisan. host: you are of the opinion if we are ok with satellites going over us in space, why not balloons tens of thousands of feet in the air? caller: of course. it sounds like a saturday night live joke. if they have satellites and sending balloons over that people can see [laughter] , it is laughable. what are they going to collect if they can't collect otherwise? it is like the tempest and the teapot. host: we will stay in the garden state. pumpkin planes, and this is mary kay. caller: goo

if you think about what you're seeing with bridgewater and kkr this concern that's what's happening in the ability of the fed to be offset by the federal government, what does that mean for central banks. does it start to make the central banks job harder in any fashion. you're seeing that compounded by the issue at kkr. this issue the labor force is really distorted across the world because a lot of factors both because of immigration changing in a big way comes up consistently in this project and this idea here that may be the central banks are losing control of the labor narrative. >> to that point it's not just covid it will be demographics, people retiring and things that cannot be fixed overnight. >> talking about inflation and the forms of inflation people face in the labor force. real wages are really meaning and what you need to see here. there's another inflationary force that's brought up here. a force of inflation that complicates things for central bankers. the energy transition. she talked about the inflation reduction act. the idea this transition could increase -- creat

. >>> later, don't miss the interview with ray dalio bridgewater founder.e right back. >> announcer: currency check is sponsored by interactive brokers. the professionals gateway to the world's markets. to adapt in a fast changing world, you could hire a professional pit crew. go, go, go. sorry. nope. okay. fresh donuts - hot coffee! they deliver real time data and business forecasts when you need it. i think it was fine how it was. (air tool sound) to help you stay ahead of the curve... or you could use workday. the finance, hr and planning system that helps cfos make better decisions faster. on the other hand, we had a great fourth quarter. for a accelerate your decision-making world. workday. for a changing world. >>> welcome back to "squawk box. a mixed picture here nasdaq up higher s&p 500 up 21 points take a look at two dow comp components reported. both in the red. honeywell off 2% you have merck off close 4% there. we can talk about those earnings in a moment. another story that has ripped through the world of crypto. sam bankman-fried has been bann

program roger robinson special guest pointing out the fact that firms like blackrock, firms like bridgewater push to putting a spotlight on it i asked congressman mike gallagher on sunday, on "sunday morning futures" sunday. >> watch, corporate america wall street wants to continual business as usual china that is. we should not be in the business funding communist genocide certainly not in gis funding destruction sending money to chinese military affiliated companies this is about defending ourselves from aggression. maria: joining me right now is former senior adviser to secretary of state mike pompeo stevens inclue constructive vice president sr., policy adviser mary kissel back with us. >> good to be with you maria. maria: you've heard me talk about thrift fund so many times, where theing the 40 kks watching that it is so much more than in a you've got to talk to investors in new roll about how to allocate exam in environment where clearing, the chinese communist party is an adversary. how do you see this? >> well maria, you are right. i think that is exactly the lan language we should u

maria: governor youngkin answered my question when he joined me to talk about apple and bridgewater,hese people who are doubling down on china with production or investments and he said it's wrong but we're going to play that later. congressman, i know you've got -- you're introducing a bill they that is going to you're hoping prevent chinese owned private schools in the united states from having junior military programs. why? tell me about this. >> well, maria, not only are the chinese communist party buying up our farmland, buying up our pharmaceutical supply, influencing our universities through confucius institutes. they've been buying private boarding schools and military schools including the new york military academy that president trump attended and at least one of these schools has a junior rotc program. this bill would ban any chinese owned institution from having an rotc program. we've also asked the pentagon to further research the extent to which we have rotc programs in chinese owned military academies. look, at the end of the day, we cannot provide yet another platform

.: ray dalio, the founder of hedge founder bridgewater is --hedge fund bridgewater associates says thatrs of the confrontation will be those able to tap into both the u.s. and china. washington and beijing have clashed on issues, including human rights, trade and competition for trade and markets. global news, powered by more than 2700 journalistss and analysts. i'm lisa mateo and this is bloomberg. ♪ what do you get from the morgan stanley client experience? listening more than talking, and a personalized plan ♪ to guide you through a changing world. ♪ >> we are seeing a little bit more of a return to normal in the labor market. tom: gibbs there. if you are just joining us on radio or television, we will get perspective in a moment. futures -14. we are all watching the bond market. lisa a.: this is where you are seeing a repricing more so. 2 year yields surging to the highest level so far this year. through 5% to the highest levels going back to 2007. tom: we will talk more about the prosaic economics of retail. post-pandemic new york, there is something going on in luxury. dana tell s

[laughter] tom: bridgewater moving to florida, lisa: that's all i want to know.putting outposts out there. it turns out, it kind of is. lots of companies from blackstone, people were very excited about the presence down there. lots of people moving down. there is not enough room for the demand. they have to raise pay to bring people down there because the prices are so high. jonathan: is miami real? tom: some say it israel and some say not. lisa: is that a figure restatement? jonathan: thank you. do you think the beaches? >> it's truly a destination. jonathan: they register there and not living there? >> exactly. jonathan: i was on the truman show when i was down there. this feels like it sometimes. tom: seriously, john miller is great on this but there is something big going on here whether it's texas or florida. the migration. it's tangible. it's different this time i remember when air conditioning clicked in the self it was a long time ago. i remember when it was not like that. and then it happened and this is a conversation they had at the ecb. we should take

>> okay, jim gerritsen, bridgewater, maine. >> we'll bring this hearing back into order and we will now recognize mr. gerritsen for five minutes for your opening statement. thank you. >> okay, thank you for your patience. sorry that we had trouble with a rural internet. good morning, congressman golden and congresswoman tenney and members of the subcommittee. i am jim gerritsen from the state of maine. i'm a family farmer, i worked closely with our son, who's a chief mechanic on the farm. we both strongly supports the concept of preserving that right of farmers and independent shops to repair the equipment that farmers own. we urge congress to codify traditional farmer and independent shop prepare rights by passing legislation that serves the public guided by leveling the economic playing field, restraining monopoly control and thereby lifting, uplifting, the economy. and advancing the freedom and liberty of working americans. for almost 50 years, along with my family, i've been growing organic crops on our farm. relocated in a wrister county, the northernmost county in the state of mai

seems like a little bit farfetched >> mary kerrigan-mares says that since he had to speak to bridgewater >> it certainly seemed as if this was a story that was created after the fact. >> and the prosecutors had a game plan of their own. show the jury that bridges story was nothing more than a hail mary to cover up a vicious crime. they told the jury about burch dna found on 16 different points on nikki's body. and on the murder weapon. it also showed the tracking data from his phone that put him in all the location where nikki was that night, including the place where her body was dumped. >> one thing that seems hard to explain is burch's motive. >> he attempted to have sexual intercourse, she did not want to have sex with, him she fought, and she struggled. obviously she got into the wrong car with a very violent individual, and something horrific happened to her. >> and d.c. had a very interesting card to play. linda jackson, with burch's friends. the couple who had taken him in. they had testified for the prosecution. now convinced that douglass detrie -- >> he had a very good imagina

tom: the newly minted cio at bridgewater. look for this conversation. you can see this..m. as well, we are looking forward to that. henry mcveigh will be there. a beautiful thing, he's got some real experience in the up and downs. we are waiting for chairman powell at 12:00 noon. the bond market, moving. looking at the two year yield, lisa, i would say 4.4%, it was near 3.9% two cups of coffee ago. my only analysis is peter thiel has aged. lisa: i think a lot of people have. [laughter] two things we have heard from all our guests, has the rally of duration been overdone and basically do you need to pair back? the other is the bearishness on tech names. peter will have a few of those, which will be interesting to hear given that it's one of the big questions into the rest of the year. tom: not -- that is definitely one of the big questions. let's bring in peter right now. lisa: given that duration has been the big bet, is it time to give that arrest and see 10-year note -- 10 year yields going higher? peter: i do see them going higher. in general it will be lower yields f