and that's actually just west of the capital p. s. and i'm here at what's left of the school ah, 11 o'clock. this is out 0. live from dell also coming up. another attempt to evacuate the seas, routed polt, fails with ukraine and russia both flaming each other for breaking the seas. far more than a millionaire half people have left it ukraine since the conflict started described by the un. it's europe's fastest growing refugee crisis since the 2nd world war. protests against the war in several russian cities see more than 4000 people rest. so civilians and several ukrainian cities, the face, yet more uncertainty. after another seas far collapsed, russia and ukraine accuse each other of violating the agreement to help evacuate $215000.00 people from mary pull, vol, nevada russian troops continued to push towards keith with fighting iran. the capital intensify. the touch of butler begins coverage not from the of if a civilian volunteer in the northern ukrainian city of her pin on the outskirts of the capitol for journalists are caught up

i'm here at their high school number 25 and she told me it, and that's actually just west of the capital p. s. and i'm here at what's left of the school more than 1500000 ukrainians, enough for their country in the largest refugee crisis in europe in decades. and russian president vladimir putin talks to foreign leaders, but promises to keep up his military campaign. a 2nd attempt to move phases of the besieged city of mario paul has failed. ukraine and russia are accusing each other of violating another c, 5400000 people live in the coastal city, which has been subjected to a heavy russian shelling. the international red cross says the humanitarian situation there is catastrophic. the quarter was to allow civilians to leave mario paul and head to the city of zappa lucia, but it quickly fell apart and again, both sides accused each other of breaking the terms of the agreement. charles stratford in the ukrainian city of zap anesha the c sla as as failed. and yet again another attempt to getting what we understand could be more than $200000.00 civilians out of mary. opal has also failed. we spo

here at their high school number 25, and as you told me, and that's actually just west of her capital p. s. and i'm here at what's left of the school. ah, 11 o'clock. this is al 0 life, also coming up another attempt to evacuate besieged. maria poll fails with ukraine and russia, both blaming each other to breaking a ceasefire. over a 1000000 refugees from ukraine have arrived in poland since the war started with millions more expected in the coming month. protest against the war in several russian cities see more than $4000.00 people arrested so civilians in several ukrainian cities are facing yet more uncertainty after another seats by collapse, russia and ukraine accuse each other of violating the agreement to help evacuate 215000 people from mario pole, and vote, nova russian troops continued to push towards cave, with fighting around the capital. intensifying, katasha. butler begins coverage now from the fif, a civilian volunteer in the northern ukrainian city of her pin on the outskirts of the capitol. finally, journalists are caught up in the moment. someone shouts for a dr. her. bu

i'm here at the high school number 25, and as you told me, and that's actually just west of the capital p. s, and i'm here at what's left of the school more than 1500000 ukrainians have now fled their country in the largest refugee crisis in europe. in decades, russian president vladimir putin talks to foreign leaders. bots, promises to keep off his military campaign. a 2nd attempt to move thousands of people out of the besieged city of money. a pole has failed. ukraine and russia are accusing each other, violating another ceasefire. 400000 people live in the coastal city which has been subjected to heavy russian shelling. international red cross says that she monetary and situation there is catastrophic. now, a corridor was originally set up on saturday. it was to allow civilians to leave mario pole and head towards the city of zap alicia, further up to the north west. but it quickly fell apart and again, both sides have been accusing each other, bringing terms the terms of the agreement. charles traffic is close to the ukrainian city of zeppelin. another failed attempt to getting potential

here at the high school number 25 and i should told me it, and that's actually just west of the capital p. s. and i'm here at what's left of the school ah, 11 o'clock. this is out there alive from dell also coming.

s&p up, nasdaq up nearly 2%. if you missed the stat from compound capital, s&p 500 up 1% in six of the past eight sessions, believe it or not that's only happened twice in 80 years, 1974, and 2020. meantime, time for the big reveal got to be the easiest mystery chart all time come on. it's apple on an eight-day win streak, shares up 15.5% during the run bonawyn, the company planning to launch iphone subscription service this is like a permanent rent of your iphone. is that a reason to own the stock or is something else happening with apple shares here >> i think that particular offering makes a lot of sense. reminds me of the company rent-a-center that was all the uproar about a decade ago. this company would make three to five times what the cost was within literally a 12-year period i totally understand the business model it makes a lot of sense, particularly when you talk about massive core businesses already there, that strategic play totally makes sense. there's a lot of discussion around apple trading like a growth company but now being a value company. i think there's something to be said there i, like dan,

capital. futures up 0.6% on the s&p. maybe things are getting a bit better. tom: i would love to hear what russia says about the boxy, about the past -- the black sea, the path from odessa to crimea and beyond. that has been devastated. there are no comments on that. jonathan: just as we had this conversation, j&j come out with this statement to suspend supply of personal care products in russia. companies have left. they are leaving. how much needs to be done for them to go back anytime soon? lisa: it seems unlikely that anything in the near term could bring them back, which is why analyst after analyst is coming out now and saying that the sanctions are not going to be lifted quickly and there is going to be a satyr with some european union. how do you offer some sort of reward to get troops out of ukraine when it has been a humanitarian disaster and people really are not willing to morally compromise in terms of how they treat that? tom: good tuesday morning on bloomberg radio, on bloomberg television. we will keep you abreast of the data with these headli

problem is in the indices and it is working on the way up and now down the top 10 stocks, by capitalization and the s&p an outsized impact in what is happening in the index and when you take them down 5%, 6%, it is going to have an impact. >> so does that mean you'd be a buyer of tech if you think the market will recover this year. >> so if you think the fed is not -- right now as you know, sara, first half, i'm not seeing any reason to jump in on the next tick. i know that is kind of a popular thing trending there but if you think that the fed is not going to have to tighten as much as the market thinks and if you think the noble economy is going to slow further, you are at some point going to be looking to predictable growth and in that transition that portfolio managers have, banks were the favorite place until the beginning of the year and now they've gotten hit and now you have bank stocks down 30%. so when you do finally rally, i think it is going be a broader rally and should include tech given how decimated some of the names are. >> that is true. tech was kind of defensive for a while there on

cap i believe it is at about 2.9 this morning check out this stat from compound capital apple has the largest on the s&p in more than 40 years. more than 7% of the index. the last company to come close, ibm in 1985. you'll recall, carl, that's the year after the famous 1984 apple super bowl commercial where the woman was throwing the hammer at big brother, you know, because ibm was so big. >> yeah. >> now in the s&p, apple is that big. >> so true, how the tides turned, jon. the spoke had a great stat this is the fourth time that apple has rallied for ten days or more. the first such streak since july of 2010. some argue, jon, that, really, from a product standpoint, this is not a year of huge innovation rel toif relative to past years, but what if we're on the cusp of moving from a period of shipments and asps to where they're able to monetize the whole installed user base through a subscription for hardware that would be a game-changer, for sure. >> indeed, yeah, carl. some would argue that. i would argue that we're at this point where apple is taking the next step in vertical integration, which has re

s&p 500 lost 30 points. >>> looking live at the state capital, where governor newsom is now delivering his state of the state address. the governor is expected to strike an optimistic tone of california's recovery from the pandemic, but will also address challenges, including crime and the homeless crisis. as of right now you can see gavin newsom has not taken the stage yet, as they get ready for the state of the state address that was supposed to begin at 5:00 this evening. if you want to keep tabs on the governor, we will stream the entire state of the state address right now on cbs news bay area , and on kpix.com. >>> a live look at and assay were mayor sam accardo says there is a budget surplus. len ramirez reports that they hope the wiggle room will allow the city to tackle problems like the homeless crisis, light, and putting more cops on active foot patrols. >> reporter: the reaction we are getting from people on the streets, they are saying things like finally, and they are pleased that these problems that have been festering in santa fe for so long seem like they will finally be addressed. >> it did

dani: implications are big for companies of the cost of capital might get more expensive. how do we explain and s&ps rallied more than 1% in five of the past six sessions? paul: an excellent question. we have those going what is going on in singapore, they are uncomfortable on the bond markets, so this is happening as well. the people might think that it is a riot when fed hike's interest rates, but these are companies that are able to raise their prices and continue to get decent earnings, decent profit margins all the way through this process. there are obviously sectors that have been moving particularly strongly at this point in time. overall the market seems to be thinking, this is all right, this is ok. you might also have that flow of money as investors are not pulling out of things after they see higher yields. what are the alternatives? a lot of people are seeing valuations at these levels and why not have ago? look for the appreciation on the price. dani: you are a victim of your own success because that was such a solid explanation paid i want you to explain another conundrum to me and t

did that they have the highest -- top five company in the entire s&p 500 including all tech companies, top five return on invested capitalast five years. generating tons of cash flow almost like it's priced to go out of business and what investors have forgotten buy stocks that are cheap. right? and then great cash flow it works in any environment and one that's especially important now. >> all right thank you very much, david >> thank you. >>> despite his warning, shares of gamestop are higher again today, more than 50% this week is meme mania back frank? >> possibly a reversion to the mean too soon to tell gamestop up as the chairman bought tuesday raising the stake to 12% but still no details on the plan to transform gamestop into an nft marketplace. still this tweet about putting his money where his mouth is racking up the likes but gamestop and the other og meme stocks light tesla and amc on a tear before the buy. a note today saying traders seized on shorting of the meme stocks and tuesday's rally, the short squeezes in the stocks today helped the stock prices trend higher climbing or holding we could see the short

stocks get above 4400, 4500 area on the s&p, usually a good time for the buyback desk to commit capital above the 50 day. >> in other words, seeing a rebound followed by a lot of buybacks that for years helped bolster this market. any warning about the fed here how overall market >> if you look at the money market specifically the u.s./euro futures market they priced in the fed up to 275 next year and rates back down and pricing in an easing cycle as the tightening cycle begins. pricing that way for a while so i think it is baked into the markets already. >> fascinating may explain why yields are not surging a lot higher today against that backdrop, why is bio tech in particular jumping out here >> they have good product and good momentum. stock price has good momentum. outperforming in february first time in over a year and beaten down and starting to come back and great access to the debt market buying corporate bonds like crazy they have good cash flows and likely buying the stock back that's the large cap sector. >> yeah. let's talk about that. is it only in small cap bio tech or sm

p b. s in the united states into all of you around the world. welcome. we begin the day with a capital city under curfew. tonight, people inside ukraine's capital. keith had been ordered to stay indoors for 35 hours. the only exception running to get inside a bomb shelter. russian troops increase their assault on the city tuesday, including airstrikes on apartment buildings killing at least 2 people. now it comes during a week in which ukrainian president zalinski is taking the plight of his people to lawmakers half a world away. he'll address the u. s. congress on wednesday today he spoke to canada's parliament again demanding that nato provide a no fly zone over you. great. in an emotional police zalinski asked parliamentarians to put themselves in his shoes to imagine russian rockets falling on toronto. this she, b. you've all seen the bombings, the 97 children have already been killed in this war. she tell, can you imagine the scenes in toronto? it was hit by russian bombs should be lot. of course. yeah, i don't wish this on anyone. with what this is our reality. this is what we li

capital. equity markets flatlining in the united states. the s&p absolutely flat.e bit more, except the ftse 100. what are we going to talk about next? our next guest says the russian sovereign debt story is now one you want to ignore. it is basically completely worthless. the hedge fund veteran j newman joining us next. we will talk about all of that next. this is bloomberg. ♪ guy: russia says it has paid $117 million in interest on its dollar bonds that are due today to a correspondent in the united states. so far the correspondent bank has not seen the money. where is the money? let's find out. sonali basak may or may not have an answer to this question. sonali: they said they have paid the money to a correspondent bank and will alert us if it gets to citigroup. until it gets to citigroup it cannot get to the euro clear stream, all the places it needs to go before it gets to investors. from my sources, with the clearinghouses every hour so, to figure out where the money is. gina: as we try to find the money is likely to cause volatility across the market. where

p. 's welcome to the program. there's been more shelling by russia and parts of northern ukraine despite moscow's promise to pull back from the capital. keith and the city of china have thought these route, which is from jenna, have where the mass says russian attacks have intensified over the past 24 hours. more than 800000 people are trapped in the besieged city with supplies expected to last about a week. bombings were also reported in the west of the country. and keith's mass, as a tax on the capital of also stepped up. we receive for yes, they are information right now, the russian forces move away from keith is not true all night. listen, serious is mean is a reg is a bag and will listen. the huge explosion is both key. if and north of you, i mean is bottles there? the people died still that brushes defense ministry, incense sits new focus in ukraine is the eastern dumbass region hash. albert has more from moscow on the military front, the russian army saying that it has achieved its goals in the kiev region and churney. gov and that its troops are now regrouping with a focus shifting to words liberating the dom bus. that's why

p b. s. in the united states and to all of you around the world, welcome. on this tuesday night, russian forces are intensifying their attacks on ukraine's capital. ukrainian authority say that russian air strikes have targeted, keeps main tv tower. the attack knocked some channels off of the air. russia reportedly warned residents near the tower to leave their homes just moments before the strike. ukraine's president loudermilk zalinski to day accused moscow of committing war crimes. after a new wave of air strikes, hit ukraine's 2nd largest city car keith. the moment a missiles struck at the very heart of ca, keith. this is freedom square in the center of ukraine, 2nd largest city. now reduced to rubble. ukraine says russia has been targeting residential buildings in the city with rockets since monday. officials are accusing moscow of committing war crimes. which of old stiller today our enemy has started bombing, the city center of khaki and the residential areas that goes through all the clicking firing with the grant systems and crews, minnesota. they hit an administrative building in the central square. you know, we are counting the victims among the

p. 's. welcome to the program. there has been more shelling by russia in parts of northern ukraine despite moscow's promise to pull back from the capital, keith and the city of genevieve. these reserved images from cheddar heave where the bear says russian to tax have intensified over the past 24 hours. more than 800000 people are trapped in the besieged city with supplies expected to last about a week. bombings are also reported in the west of the country, while ukraine's president says the russian forces have only withdrawn from keys because of military setbacks stuck. yeah, put a whole warning pacific keep it. there is an ongoing negotiation process, but for now it's only where it's without specifics. or also other words about the alleged withdrawal of russian forces from keep turning. he and about the alleged decrease of the occupied activity in these directions. we know that it's not the withdrawal, but consequences of explosion consequences of our defenders work. and i'll let that cause, but some show would cease. but we also see at the same time russia as a massing forces for new attacks in the done the us. and we are getting re

. >> daniel with andy and capital adv advisers >>> amid the volatility, ib ves or thes fled to youutilities asa safe haven nearly every member of the s&pex. we'll dig through the names to find some standouts that offer high yields and steady growth. we're back in a moment (vo) verizon is going ultra! with 5g ultra wideband in many more cities. mindy! with up to 10x faster speeds, she can download a movie in minutes or a song in seconds. (mindy) yep! (vo) verizon is going ultra so you can do more. >>> welcome back, everybody. utilities are taking a breather after being one of the best performing sectors over the past week dom is here to dig through the names and some of the places offering the best yield now. >> how about the second best performing sector in the entire s&p 500, yes, it's in negative territory but only down by 2 % that makes it the second best performer after just energy. we know how gang busters energy has been when it comes to the utilities sector, the outperformance over the broader market in times of stress really highlights some of the defensive nature of this particular sector. and the dividend yields that come alo

capital to try and mediate an end to the war in ukraine. florida has faced fierce criticism for his close ties with friends. ah, i'm nichol foolish to our ears. joining us on p b. s. in the united states and everyone watching around the world. welcome, we start to night with the situation on the ground in ukraine were russian troops are advancing toward major cities amid fierce ukrainian resistance. russian forces are pushing to encircle, keep with heavy finding, taking place, just east of the capitol. russian troops are also continuing their siege of the southeastern city of murray. you pull a day after a deadly strike on a children's hospital. high level talks on thursday, fail to yield a ceasefire as ukrainian civilians continue to suffer ambushed on the road to keep after 2 weeks of fighting ukrainian forces a battling to stop their capital. from being surrounded off to russian tanks reached its eastern outskirts on wednesday. ukrainian soldiers said they forced back the convoy with the russians, leaving behind an armored personnel carrier as well as 2 tanks, one of which they were able to repair and take to themselves. but while keith continues to put up fie

p b. s in the united states into all of you, round the world. welcome. we begin the day with a 40 mile long convoy of russian military might at the door, the ukrainian capital satellite images show russian forces advancing towards keith . and it comes as the russian defense ministry to day warned residence to leave their homes while they still can moscow saying that it is planning to launch air strikes on the city. now, it has been almost one week since the russian invasion began in that time. the un says more than 660000 refugees have fled ukraine. at least a 136 civilians have been killed. and that includes 13 children. a day after signing an official request for ukraine to join the european union, ukraine's president modem is zalinski today called on european leaders to prove that they are with the people of ukraine, the impact of his message so strong that they can even be heard in the voice of the translator take alice, are fighting processes and just for our land and for our freedom. in addition, diesel and might, the fact is that all like cities of our country are now blocked and we are facing them all soon to be equal members of europe. ers, i belie

nasdaq 250 off s&p down 70 points a long way from the wall street open the negativity in asia and europe could spread. let's bring in the managing director of zor capitalod morning we want to talk about the market impact of all of this. some saying current events could be catastrophic in the near term others say look past that and stay patient >> my message is to stay defensive and stay patient we're going through the correction down trend or whatever you want to call it i have been bullish since the pandemic lows in 2020 for two reasons. strong technicals with the institutionals coming back into the market and growth stocks the second is the an ccommodati fed. kept interest rates near zero and liquidity with bond buying and bought more treasuries in the secix weeks during the pandemic which was more than in 2009 and 2018. they continued with that bond purchasing of $120 billion purchase month that provided tons of liquidity. i remained bullish until mid-december of 2021 december of last year where i turned cautious for the opposite two reasons. the technicals were breaking down and institutions were taking money off the table and the fed was removing

capital markets. and the latest on the white house response to russia, as the biden administration ways to go it alone or not, banning russian oil imports. dramatic moves in the markets, as the s&pells off almost 2%. 4245. it is really risk off. investors going into havens, buying the dollar, buying treasuries this morning but that has leveled out. volume gold as well. the nasdaq down 2% as well. by buying tapered off and now selling a little bit, pushing the yield up to a seven handle. nymex crude is the headline today, yesterday, last week. we have seen these giant jumps on crude oil over concern of supply as russia invades ukraine, and now the war about to hit its two-week mark. new york at 120.37. something that caught my eye tied to all of this is the volatility we have seen on the other side of the atlantic ocean. when you compared europe to the u.s., europe is surging ahead in terms of volatility. that is this line in blue. the vix is in white, only at 34 compared to the 48 we see in european stocks. of course, they are much more dependent on russian oil and gas, and as a result, we had dips in equity benchmarks this morning of 3% and 4%. they have since recovered to some

capital partners. this is bloomberg. ♪ ♪ kailey: the dip buyers are out in force. we are around session highs when it comes to u.s. equities, up 2% on the s&pyou already had dip buying coming in this morning, and then headlines from the president of ukraine saying they are ready for a diplomat solution, outlining the terms of what that may look like, feeding into some optimism may be that there could be an offramp or some sort of end in the future to this conflict, but of course there are so a lot of questions remaining. as we are seeing equities moving higher, you have seen yield moving higher as well. you are seeing a weaker dollar for the first day and five, and crude is also coming off, some of that commodities pressure cooling off. let's get more on these markets. can forest, bokeh capital partners -- kim forrest, bokeh capital partners cio, joins us. would you be a buyer? kim: i would. i have my eye on three to five years out, not the next year. i think your timeline makes all the difference in the world when you are a buyer. guy: what are you buying? kim: well, i am currently running a sector neutral strategy where i have to buy a li

capital. shery: we are seeing stocks led higher by materials. tech and consumer discretionary is weighing on the index. nikkei futures and s&pures are pointing higher. this as the japanese yen fell to a one-month low. we continue to see the global bond selloff. we have already seen the kiwi 10 year yield at the highest since june 2018. mas as well.atching for the bond pliny more ahead, this is bloomberg. -- contee more at xfinity, we live and work in the same neighborhood as you. we're always working to keep you connected to what you love. and now, we're working to bring you the next generation of wifi. it's ultra-fast. faster than a gig. supersonic wifi. only from xfinity. it can power hundreds of devices with three times the bandwidth. so your growing wifi needs will be met. supersonic wifi only from us... xfinity. >> from a market risk perspective, we were positioned and have managed quite well through these early days. the second and third order impact of this crisis are harder to judge. shery: that was the deutsche bank ceo talking about the lenders exposure to russia. wall street titans are joining the growing corporat

p b. s in the united states into all of you, round the world. welcome. we begin the day with a 40 mile long convoy of russian military might at the door, the ukrainian capital satellite images show russian forces advancing towards keith . and it comes as the russian defense ministry to day warned residence to leave their homes while they still can moscow saying that it is planning to launch air strikes on the city. now, it has been almost one week since the russian invasion began in that time. the un says more than 660000 refugees have fled ukraine. at least a 136 civilians have been killed. and that includes 13 children. a day after signing an official request for ukraine to join the european union, ukraine's president modem is zalinski today called on european leaders to prove that they are with the people of ukraine, the impact of his message so strong that they can even be heard in the voice of the translator, take alice, are fighting processes and just for our land. and for our freedom, this dis local and might defend youth on us. that's all like cities of our country are now lot voids. we are fighting all soon to be equal members of europe. e. josh, i

capital >> appreciate that anastasia, i appreciate you. your tweet got my attention. are we taking a break? we'll come back with jonathan krinsky. i mentionehid s big call on the s&p 500 as good a technician as you'll find. we'll talk to him next don't like surprises? [ watch vibrates ] proactive notifications from fidelity keep you tuned in all day long. so when something happens that could affect your portfolio, you can act quickly. that's decision tech, only from fidelity. dad, we got this. we got this. we got this. we got this. we got this. yay! we got this. we got this! life is for living. we got this! let's partner for all of it. edward jones >>> there's your picture of stocks at 12:40 in the east off the worst levels, clearly. s&p 4419 is where it currently sits let's bring in somebody who suggests the s&p could go below 4,000. jonathan krinsky, chief market technician good to have you on the phone. why do you think we can breach that level we've been consistent on the show in the last few weeks there are two main reasons and one is the internal breadth of the market and the credit spreads and we haven't seen much improvement of either of those and if you l

s&p up 1.2%. a new note from wolf research downgrading several credit card issuers saying hot inflation and rising gas prices will hurt lower end consumers impacting capitalbehind the call joins us now bill, it's good to have you. do you not think these concerns are on the low income consumer and credit quality and deterioration are already priced into the stocks? >> hi, sara. actually, i don't think that they are our concern is that there is incremental pressure on the low-end consumer as a result of as we look at the developments post russia/ukraine. even if there is a peaceful settlement tomorrow, the risk of inflationary pressures remaining elevated for longer, particularly if russia remains isolated, are quite high and issuers, credit card issuers with elevated exposure to the low end consumer are at risk of having credit normalize faster we're not talking about draconian credit but having credit normalized to 100% of 2019 levels is enough for there to be certainly a greater headwintd than we think is contemplated in numbers. and so that in our view is what exposes names like sincrany financial, capital one, to relative underperformance verses names

capital path ne partners good to see you. >>> hi, everyone you're watching cnbc "squawk box. the s&p is down 8, the nasdaq is down 49. reports that a passenger plane with 132 people onboard crashed today in a mountainous area in southern china cnbc has confirmed the plane was a boeing 737, not a 737 max. it was operated by china eastern airlines shares of boeing had been under pressure they were down as much as 8% they're down 6%. >>> warren buffett and berkshire buying allegheny for $482.02 the share is valued at $11.6 billion. that's giving you my two cents there. >> well done mike santoli has been digging into today's market moves. what are you watching. >> 6% on the s&p 500 it was almost sized and the speed of it which maximized the uncertainty and expense as to whether this just about to bottom it definitely checked off a lot of boxes also regained almost exactly half of the total losses from the january 3rd high another thing people have been watching, there's been this downtrend. you see the entire year's actions mostly contained under there. we popped above it they're all right in this clu cluster. they're cl

p. s. g and master are khalifa and they will be discussing the replacement to financial fair play. as i'm told it stands eventually these news rules rules could see clubs, spending, capital, 70 percent of what they are and that will of asleep create a focus on how clubs do generate veteran come in the case of that clubs, the often generate it from sponsors are you not linked to that? i wouldn't shit, but it's currently going through the processes and it could be approved by you a for in the coming weeks. but trying to figure out things like a different tax regimes across europe in terms of how you have one set of rules, something to adult financial fair play through is decade and existence. s s p very much about limiting losses. this be about limiting how much clubs can spend. raffo . bell will miss up to 6 weeks of competition off the suffering, a stress fracture in his robe. a spaniard complained of a chest issue during sunday. fine, let indian wells in california ultimately adel reveal the struggle, the brief throughout the contest saying he felt like a moodle was inside. he's chased, losing a lot of pain wrapper will now focus on being fit for the french open. in may

s&p is basically flat. dow futures down by 32 the nasdaq up by about 30. let's talk markets now with courtney gibson, the president of bloom capital markets and cnbc contributorhe roughest quarter for stocks since the start of the pandemic >>well, becky, thank you so much for having me. it's great too see you this morning. it's interesting analyst capital markets cover a wide variety of institutions on the bond side. for every opinion, there's one on the other side. what i find interesting the past week in talking to our equity desk was that we aren't seeing clients that have kind of limits on their programs that are basically like, look, if it hits this level, it'll come back in i think it helps to drive the rally we see moving. people look at the 20-day moving averages over the last couple of days we've seen the dip or vacillating in the market. it's really been driven up low volume, which is no what you want to focus on it's the high volume days. it's telling you institutional markets in the marketplace. >> yeah. and the buying being driven by the institutional investors. are they the smart money do they look and say, hey, this is a bargain relatively spea

capital of democracy. >> well said barry, i'm curious to get your take on where you think the floor is here on the s&p i above 4k, is that near term and what gets you there? ba barry, can you hear me >> yeah. having a little connection difficulty, but just to answer the question we had said above average levels of cash going into the year, as well as health care, consumer staples, utilities and the pure defenses that would be where i would be structured through the quarter we'll have to see how second quarter plays out. >> so, sherry, we've got chair powell testifying tomorrow and thursday on the hill there does seem to be this sense, at least within the equity markets for better or worse, that maybe perhaps later in the year more rate hikes could be off the table, especially if you see the crisis in ukraine continue to drag on for a while here and continue to have an impact on inflation of things like commodities. how -- what are you looking for out of that testimony tomorrow and how real is the possibility that you could see the fed begin to step back or ease later this year given the fact we have all

p. s g and after our leave. and they will be discussing the replacement to life for financial fair play . as i'm told it stands eventually these news rules rules could see clubs, spending, capital, 70 percent of what they not will of asleep. create a focus on how clubs do generate veteran come in the case of that clubs, the often generate it from sponsors. are you not linked to that? i want to ship, but it's currently going through the processes and it could be approved by you a for in the coming weeks. but trying to figure out things like a different tax regimes across europe in terms of how you have one set of rules. something adult financial fireplace is decade in existence, f f p, very much about limiting losses. this be about limiting how much clubs can spend. rushed in figure skater, camilla valley ava will return to competition this weekend with her doping case still to be decided. the 15 year old was at the center of controversy at the paging winter olympics last month when she was allowed to compete in the single event. despite have failed drugs test prior to the games, the result only came to lighthouse. she helped the russians olympic committee when the team events,

s&p 500 sector that finished in the green today. oil hit its highest level since 2014 let's bring in rbc capital markets head of global commodity strategyhe highs of the session after the market closes. so what is the market expectation here that we're going to get sanctioned, that russia is going to be sanctioned on energy >> the expectation is we simply don't know whether energy sanctions are coming due to the way that the war is being conducted. the white house has gone to great lengths to say we are giving carve-outs for energy payments so even though we're putting full blocking sanctions on russia's second largest bank which does the most energy transactions, a lot of market participants are saying we don't know what this is going to look like in two weeks. if russia continues to wage this war with this much verferocity, it's only a matter of time before we're talking about fum secondary sanctions on energy exports, so i think the market is very, very concerned. also, you have a number of companies essentially self-sanctioning saying even though we're not formally being told to divest from our russian holdings, we're going to do it

power you know, they control -- they have 88% of the s&p 500 those three investment firms the highest amount of share holdings that is a distortion of capitalhe average american we need american energy, and we shouldn't have a few wall street firms saying we don't. so this is a big issue you guys are raising important questions, but to me what we need to do is produce american energy from our own country, and we're going to do it for decades. >> wow, that's going to -- good luck interesting you're going to see larry later, and that is a real issue about, you know, voting the -- his own personal sort of feelings on a lot of this voting, massive amounts of shares it's very interesting to be able to do that i would just say, senator, just be very glad larry's on the morally right side of all these issues so think if he wasn't, then it'd really be a problem. >> we'll see how morally right he is on a lot of this i'm not show sure. >> he may know nothing, but he's certainly not in doubt of virtue of doing a lot of this thanks for your time >> we should be moving towards more clean energy. >> you're debating it, but i'm not sure too many others ar

capital's amy silverman to the markets. mike talked with volatility being down it's incredible that even though we see stark moves in the bond market, the s&precouped all the losses since the russian invasion the nasdaq 100 gained 11%. what do you make of the market action we are seeing >> yeah, look, it's pretty staggering, you know, if you actually take qqqs since march, up 15% and bond-related proxies that you mentioned, ie or tftlt is down 7% and vix is basically back to pre-ukraine crisis levels and the question is, you know, has anything changed geopolitically that would justify that decline in uncertainty. i think probably near-term volatility is too low now, in particular even if you take out the ukraine sky scrisis, we are heading into earnings which historically is a good catalyst to own volatility and to see volatility rise. >> mike, to go back to the 1994 example, how similar are we in terms of history i mean, was inflation high in the early to mid 1990s does it actually serve as a closely related template for how the fed could execute on a soft landing? >> well, there is a reason that fed officials love looking at 1994 because