christine: [speaking in german] eric: but mayor herntier was one of the members of the coal commissionpromise. christine: [speaking in german] eric: spremberg's mayor insists it's much better than waiting for coal's inevitable long-term decline. the government has agreed to kick in 40 billion euros to kickstart new industries in the brown coal regions. christine: [speaking in german] eric: the region is already seng the fruits of germany's embrace of renewable energy. wind turbines and solar farms are sprouting up next to power plants. germany still relies on domestic and imported coal for about a third of its electricity, but around 40% comes from renewable energy. the aim is to make that 65% by the end of the decade. christine: [speaking in german] eric: they're even hoping to turn the old coal fields into an eco-tourism destination, as disused mine pits are rehabilitated into artificial lakes. the 2038 deadline should give the region plenty of time to adapt. but many activists insist thworld can't wait. ♪ daniel: we have to phase out coal in germany right now. if we don't do that, i

christine.ani: [laughs] to be fair, it was already down, benefiting from a growing risk appetite, but it is true. as we are concerned about corporate earnings coming in, weaker dollar would benefit u.s. multinationals and em as well when they deeply need it. many people might welcome this change in tone or the laying out of policy from christine lagarde. manus: she certainly punctured the hawks. we've got to get a quicker flexion to jp morgan. when you are getting punched on your pay, you give the market what it wants, net interest income. that's what jamie dimon did, he gave it aplenty. up 26% on the last year. yes, there is a risk of recession, isn't there? it bolsters the whole narrative around the growth to value. dani: exactly. i find this interesting because in order for j.p. morgan to do well, you need a certain kind of recession, which jamie dimon says it might not be as bad given the economy i manus: this is "bloomberg daybreak: europe." these other the stories setting your agenda. dani

christine: when i'm saying, i stick to. we will be out of negative interest rates, most likely, before the end of the third quarter. francine: how do you see inflation developing? there are so many unknowns because of the war. christine: there are a lot of forces, and some of them, you know, counteracting against each other. you have the war, which in and of itself is a drama and has massive economic impact, not just in ukraine and russia, but for the rest of the world. we have energy prices which have gone up significantly and represent a big chunk of inflation. we have food prices. there is a whole series of things going on growth and pushing inflation up. francine: how likely is it the eurozone goes into recession? christine: we don't have that as a baseline. you must've heard that sentence before. we have the adverse, you know, various alternatives there on the basis of apathetic goals such as boycott of oil, interruption of gas supply. that clearly would have a significant impact on the economy. for the moment we are n

basically, christine lagarde is speaking with the consensus. the consensus is looking for a 25-basis-point rate hike in july and another one in september. that would get their negative right back to zero. at the june night meeting, that is where the big debate is going to occur. they are expected to officially end on purchases and give us the groundwork. there is a smaller consensus among the hawks that the ecb may have to consider rate hikes by 50 basis points. christine lagarde said in the last 50 days in dollars that she thinks inflation is more of a supply problem, not so much a demand problem. supply shocks, all of that. the dutch central bank governors says 25 basis points unless inflation gets out of control. the head of the austrian central bank says he thinks it is appropriate to do 50 basis points and anything less than that would be perceived as soft. but that is still the minority view. you start the hike, do 25 basis points, 25 basis points, see where you are then, and i think you are wise to point out they will see where all this

christine: we are not in a panic mode. we have started the journey thinking about it very carefully. back in december, with steps along the way. we are now at a stage where there is every certainty that we will stop purchases early in july. vonnie: china's central bank urged lenders to boost loans as covid restrictions threaten growth. pboc governor and other officials card for loan approval and delivery. the meeting came after credit data showed loan growth as worst level in five years. china's top officials want pandemic controls -- worn pandemic controls are putting pressure on the capital. signaling cautionary restrictions. chinese vice premier and health czar urged authorities in beijing to stick to covid zero and stop the viruses spread more swiftly. after -- a sign the government can be losing patience. north korea is reported to have fired up to three ballistic missiles early wednesday morning, both south korea and japan confirmed the launches in separate statements. they come on the heels of president biden's trip

i remember the day christine lagarde lectured me on do not make jokes about french bread. was at a french government gathering and they flew in a book -- a bunch of fancy bread people from paris and i made some kind of joke and she looked at me. lisa: what did you say to get that morning? it was not unwarranted. tom: christine lagarde holding court in davos. we welcome all of you on radio and television. to give you one moment 15 years ago, i remember looking down the long corridor work of the congress center at the rich and the fancy with the strange things in their hands. they were cell phones. it was before twitter, it was before this, and it was before snap. snap is having a bad day. lisa: shares down almost 30%. the reason i find this so interesting is it is not just one company, there is a larger story. the ceo came out and said the macro economic backdrop is deteriorating much faster than previously expected, and this echoes what we are hearing from other executives. how much does this be to a slow down that has not been picked up? matthew bloxham joining us now. we

there was just no way. >> reporter: it's a side of christine quinn we don't often see. vulnerable, candid. the real estate agent and netflix star opening up about an attempted burglary that left her family reeling. >> and i said oh my gosh, if they come in they're going to shoot me in the head and rob me blind, and my first inclination was to grab my gun, which i always have under my bed, and immediately go into my baby's room with my family. and that's what we did. >> do you think you were targeted? >> absolutely. people were watching my every move. >> reporter: under the palm d.- trees, amidst the glamour, a disturbing criminal trend that seems to be on the rise in los angeles. >> follow-home robberies. >> these follow-home robberies. >> these gang-led robberies. >> reporter: what law enforcement is calling follow home or follow off robberies. thieves targeting individuals leaving designer stores or fancy restaurants. following them to steal valuables. watches, jewelry, even their luxury cars. >> in my 34 years in the lapd i had never seen this type of criminal behavi

a couple of lines come out from christine lagarde. she reiterated this back at out of negative rates by the end of the third quarter saying that the european central bank is not behind the curve and the timing is perfect. we'll see whether investors agree on that. we'll check euro-dollar shortly. checking the markets now. of course investors also digesting the earnings downgrade from snap. the forecast reduced on concerns about the macro economics and inmedication that and high yields and a drop in advertising revenues and that is going through social media space. china remains front and center. stimulus around $20 billion in tax cuts. downgrading their views. the government is targeting 5.5%. bloomberg exhibition said it could fall as low as 2%. the cac lower by 75 points the spanish ieb exlower. italy lower by 1%. it is risk off today after the moves that we saw yesterday. positive up until that session and earnings downgrade from snap. let's see how things are playing out. the focus on what's happening within tech. looking at furth

coming from christine lagarde, rates are going to go higher. we will be back to flat.om steve arons that that will make a massive fusion. thanks up, energy sector of, financial services up. health care is up but down versus the market. travel and leisure, not performing that well. more of an optimistic view of the market, value doing well, but the bank story is the most interesting. the takeover story and the nma story really interesting in europe today. the commissioner said beta was initially for percent, but the u.k. retailer is falling. there were a number of them and a few beginning to drop out. ted baker has rolled over this afternoon. anglo american standing out, up by nearly 4%. more positives to this story out of china, the miners having a good day. alix: ford metal in australia is a mining company that has about 64 billion aussie dollars. previously in davos, the executive chairman said they think they knew us trillion government will be more ambitious on climate change. this is part of the interview with francine lacqua and haslind . >> our climate policy ha

conversation on national defense to begin and we will be hearing from national defense secretary christine wormuth. >> the event will start in a few seconds, we will start the music. ♪ >> welcome, everyone. my name is michael anderson and i'm the board director here at the atlantic council. on behalf of the our center for strategy and security and for defense practice, i would like to welcome you to this exciting second installment of our 2022 series, a conversation with secretary christine wormuth on the

in general, christine meat or fish meat number 90.hat the fish at least he himself is not a rybak from them, well, let's go nikolai. meat is fish number 15, and meat, of course, is also meat, well, with such a wife, i understand, i would also agree, by the way, let's move on to number 34. here is the stone on the ob, i will visit there number 71, what i need to see first of all, except for the monument to lenin say yes, it remains the rock is gone. they are chipped out of the ground. well, well, and sunsets are famous for fishing. still, christina will need to advise number 39 on the other side of the river, there are very beautiful places. that is, there, and christmas trees, pine thieves must go there in common rock and you can swim across it. well, you can swim across for a long time. you will swim. well, how many meters will we swim normally, number 37. when i was studying, i don’t know how you are at your college, but i have a swimming instructor and a lifeguard on the waters, too, yes, but we’ll swim together number 80. tell me

can you imagine, christine, what does it mean to live without electricity? could you have a business? can you have the fact to these can? i would, can you have a life? can lab hospitals, can avenue cation, we cannot talk even about development. yet we have the climate crisis and what good says and what like, also to do what we can do in your book is a main source of live twisty for 22 african african countries. no european or any other continent can compare with that. so we're doing our best, but renewable are not enough. we need to have a mix. we need also to need guess. okay, go ahead. and that's bringing me to my next question because we have these global climate goals that have been set at the last climate change summit club 26, a decision was taken to stop investing in gas infrastructure. for example, christine, i'm going to be frank. i hope i don't upset anybody. it is crazy. europe is wallowing in gas. jeremy juice, a lot of of gas, russian gas f. i've actually half of african gas is exported to europe. i didn't have 6 handling bit many people without

shery: ecb president christine lagarde speaking exclusively with francine lacqua in davos.4 hours, we will speak to the rbnz governor. make sure to catch that conversation on thursday at 9:30 a.m. this is bloomberg. ♪ shery: time for morning calls. australian equities are becoming a preferred destination for wall street strategists as growth slows around the world. strategists from the likes of goldman sachs and morgan stanley and citigroup have upgraded australian or touted them among top picks. the australian benchmark has outperformed by 10% this year. we'll be watching the market opens in one hour's time. investors looking from shelter-- for shelter. they are buying into cash cows, etf assets. they have ballooned to $5.6 billion on inflows every week so far this year. the top holdings include multiple energy mains, haidi. haidi: let's get a quick check. of glencore has admitted to a decade of market manipulation. the u.s. regulators say the offenses took place from 2007 through to 2018. glencore agreed to plead guilty to charges including burglary, corruption and price

christine lagarde saying we're not going to see negative rates in regards to the e.c.b. this is fueling some of the euro strength, dollar weakness we're seeing, at a time when the market is laser focused on whether or not e.c.b. and the other central bankers are behind the curve. as well as what this are they going to do between closing the spread at a time when of course we know the famous comments from christine simply saying, she's not here to close the spread. it's interesting that we're witnessing all of this at once. jon: and look at the price realities. they talked about the invasion of ukraine and obviously in europe they continue to watch what's happening. in oil prices here in north america, we go beyond what's happening in oil and say the inflationary impacts but obviously for christine lagarde, being able to zero in on the price pressures beyond oil is something they're going to want to keep watching and the underlying demand as well and the concerns on that front as a reason to perhaps take more time on rate hikes. but make no mistake, right, there's clearly

now, i want to say just before turning it over to our moderator that christine wilson is obviously not here in her chair. she's here with us -- shias here by zoom. she couldn't join us because of covid related reasons but we are delighted that she will be here over zoom and can participate. so i want to turned over to maureen ohlhausen as i have done with every other session. marine, i'm not going to read your whole bio here. i'm going to refer again to the program. you're welcome to do whatever you wish with the other two commissioners, but i do want to say that, number one, i am delighted that is with us again because, i say again because we have been grateful you participated in past free state foundation events, and you did that when you were a commissioner at the federal trade commission as well as acting chair of the federal trade commission. so it's hard to think of anyone that's more qualified to moderate this last session then you are. so with that i'm going to turn it over to maureen ohlhausen. >> thanks so much, randy. i'm delighted to be here. i'm particularly honored to be

i'm christine romans. laura jarrett has the morning off. we begin with a major story, politico has obtained what it calls a draft of a supreme court opinion that would strike down roe vs. wade overturning the right to abortion in america. protestors began gathering in front of the supreme court building minutes after politico dropped this bombshell leak. the final opinion of course has not been released, but if it matches this draft, it would be by far the most consequential abortion decision in decades and would transform women's reproductive health in the u.s. want to get straight to jessica schneider, she is live at the supreme court for us bright and early this morning. what does this apparent draft opinion say? >> reporter: 34r5iplain and sim it eliminates the constitutional right to have an abortion that existed since 1973 when i the court at that time issued its opinion in roe v. wade. politico is reporting that this is a 98 page draft opinion written by justice alito and says in part that we hold roe and casey must be overruled, the

the bubble christine is, africa has no voice. when those guys came to glasgow and talked about, so finance. there was no, as for africa, excuse me, do release. this is the facts about africa. bill that had to think about it before the rush. we don't have a voice. and one of the objective of our conference which we have in this week, london was really to try and develop a coherent kiss for africa. because the next call will be held in africa. and it will be a shim if will host the cop $27.00 was out, but is in think the case for africa. and that should be really, but isn't it in a coherent manner to the international community for people to understand what they chose you're facing? germany's chancellor, olaf schultz has made his 1st visit to africa since assuming office last december. his 1st stop was senegal, which currently holds the african union presidency and is seen as a stable partner in the region. his 2nd port of call was near the country, plays an important role as a buffer state. next to marley, currently myers in polit

not here in her chair, she is here with us, hi, christine, she is here by zoom. she could not join us because of covid related reasons. we are delighted that she will be here over zoom and can participate. i want to turn it over to maureen. as i have done with every other session. i will not read your whole bio here. i will refer again to the program. you are welcome to do whatever you wish with the other two commissioners, but i do want to say, number one, i am delighted that maureen is with us again because, i say again because we have been grateful you're participated in the past events. you did that when you are commissioner at the federal trade commission, as well as acting chair of the federal trade commission so it is hard to think of anyone that is more qualified to moderate this last session than you are. so with that, i will turn it over to maureen. thank you. >> thanks so much, randy. i am delighted to be here a particularly honored to be interviewing two ftc commissioners. .... .... >> . >> i supported the issue of the request for information and as w

for example, christine, i'm going to be frank. i hope i don't upset anybody. it is crazy. europe is wallowing in gas. jeremy juice, a lot of of gas, russian gas f. i've actually half of african gas is exported to europe. i didn't have 6 handling bit many. a bible was all power. i b was no longer all you cannot, you cannot, you cannot use jazz here. if this is morally bankrupt, the chance of, of, of, or germany was in the synagogue seeking gas. he was in cotton trying to get gas is at the same country with central african? no, no, no. you cannot have gas. it doesn't look like that, right. so how then can africa's interests be better included in this global climate change conversation? the bureaucracy is africa has no voice. when those guys came to glasgow and talked about. so finance. those no, as for african excuse me, do relies. this is the facts about africa. do people have had to think about it before the rush? we don't have a voice and one over your objective of our conference, which we have in this week, london was really to try and develop a coherent kis

christine: they say the commander held dozens of officers back. a series of errors began when a teacher left a school door propped open when she went to get a phone. six minutes later the gunman walked through the open door and then headed to connected classrooms, firing over 100 rounds. by 12:03, there were 19 officers in the hallway. >> you get here the 911 call three shots were fired. christine: a tactical team arrives but is told to hold off on confronting the gunman. >> they had their vests and weapons on, showing off these guns they had, but they stayed there on their chest and arms and they did not go in. christine: the texas governor, greg abbott, vowing to get to the bottom of the police response. governor abbott: i was misled. i am livid about what happened. christine: families of those killed having to plan funerals. >> we will make sure the resources get into the right hands to make sure no family who is suffering from incalculable heartbreak at this time will have to worry about a single cost. liz: despite the tragedy in texas, the nr

>> good morning, christine.ogress that they were even able to sit down with the president earlier this week as you mentioned, this came after the white house correspondent association made the request. austin was kidnapped while working as a journalist in august 2012 and they said that the president gave them support for their efforts under way on bring him home and as well as those that could create positive movement on his case. and one of the things that the tice family has been pushing for for years is for the u.s. government to engage directly with the syrian government to try to bring austin home. right now the u.s. government does not have diplomatic relations with the syrian government due to the brutality of the assad regime. but they hope that we can engage with them directly to try to bring austin back to the united states after this long time. so they said this is a very important first step to meet with the president. >> and there are other families with loved ones detained abroad who will be in d.c

and we can frustrate to brussels nouns, feet to our correspondent, they're christine mando. hi, christine, can you walk us through what still needs to happen before finland and sweden officially apply to join nato? good morning, anne. yes. so effectively, nato membership needs the unanimous approval of all of the alliances, 30 members. and what that means is that every single member state has to go to their parliament and have that ratified in. this is why this process could take up to months. for his part, the nato secretary general said both sweden and finland would be welcomed with open arms at the accession process would be quick, but in reality it doesn't look like it would take at least a few months before all those processes. those former processes can conclude and each members are parliament. so it's gonna take a while, if everyone agrees but to how likely is it that turkey could veto finland and sweden's membership id. while turkey's opposition does pose a serious threat, and as we have just heard in the report there, there does seem to be confidence among the and o

rahel solomon, christine romans, great to see you both.e will speak with brian dees on the president's op-ed. on the president's meeting with the fed chair and everything else going on today. stay with us for that. >>> russia seeing the harshest punishment yet for its invasion of ukraine. plus why justice trudeau is calling for a freeze on handguns. >>> and bringing crowds back to the theaters including myself. as "top gun: maverick" breaks records at movie theaters making a big return. if you'v've been living with heart disease, reduducing cholesterol can be hard, even when you're taking a statinin and being active. but you can do hard. you lived through the blizzard of ninety-six... twelve unappreciative bosses... seventeen fad diets... fi kids, three grandkids... one heart attack... and eighteen pswords that seem to change daily. and with leqvio, youan lower your cholesterol, too. when taken with a statin, leqvio is proven to lower bad cholesterol by over 50% and keep it there with two doses a year. common side effects of leqvio were in

. >> reporter: i'm sorry, christine, i couldn't hear your question. but president zelenskyy has been speaking, addressing the world forum. this was the speech everyone was waiting for. it came as a strong statement. looking at whether the international community could have done more, saying sanctions could have been implemented prior to this moment rather than just in reaction. he says the sanctions, frankly do not go far enough. he says there should be a fourth oil embargo. we know that's something the eu is grapple with, with the likes of hung air. he says there should be no statement full stop. we will hear from the german chancellor. he will have to address the divisions in the eu and this davos, first, there is no snow. it's taking place in spring. also this is such big head winds from the war in ukraine, the result in inflation, the risk of recession, to big commission as well as climate change and the pandemic. >> so much, anna stewart, we know you are following it for p. >> i'm christine romans. >> i'm laura jarrett. "new day" starts right now

now or let's go straight to brussels futon correspondent christine mooney. while they're christine, what happens if an actual member vito's, finland and sweden's membership bid, like turkey, maybe well guarded effectively means that a country can't join the alliance because to join the alliance or, or 30 member states have to give approval. that is unanimous approval. so it is a spanner in the work said that turkey has thrown into the mix here, but it hasn't really taken away from the momentum or listening to the secretary general speaking to the they said he doesn't berlin. yesterday he was confident that they would find some common ground and consensus and get around this hurdle. but if it took it hasn't come to the table. that just means that that membership, accession for finland and probably be eventually sweden doesn't come through. now if and live in sweden, do officially apply to join nato. that's what it looks like. do they get any security assurances from the alliance while they wait for their membership to be approved? gay nato is principle of an

jonathan: christine lagarde looking forward to june 9, the next ecb meeting. we are, she is not.om keene, lisa abramowicz, jonathan ferro. futures positive. on the nasdaq up 1.13. yield slow a third straight session. we had a little look at 3.20 earlier in the week. hsbc publishing seconds ago. steve major and the team making a move on the bond yield forecast. we just raised forecasts -- 10 year yields raised 50 basis points. they raised their bund yield forecast to 1%. just out from hsbc and the team. tom: that is important because it shows the difference transatlantic and the challenge christine lagarde has. the 1% statistic gets made. on the tenure german we are there. jonathan: i'm not suggesting everyone is thinking this, but some people will be looking at where gilts printed earlier this week, the move we have had since , and the fact along time bond bull like hsbc has push their forecast up and wondered programs like this and say may 3 .20 was it. lisa: i think the fact that a major bond bull is capitulating and saying we will not get back to 1% which were some of the idea

i think the sound of kicking and screaming coming from christine lagarde is visible to me. she had to say this, i think she wants to say this. she still wants to buy herself some wiggle room, but in essence if she does not say something like this she is going to lose the rest of her governing council. i think that is the issue here. comments have been reluctant to show some leg, show to speak. i don't think she is writing in july as an absolute certainty. let's face it, that is the probability. alix: it is great to see you. let's pretend we see that hike in july. 1.0548. is it parity? i don't understand what is going to provide a meaningful goose upward in the euro. marcus: it has nothing to do with those currencies, it is about the euro-dollar. i think the point is, if they do not hike in july, then i think parity is almost a racing certainty. this summer at some point and possibly earlier than that. the ecb needs to avoid a currency crisis at all costs. a credibility crisis. a fundamental rationale on whether the european project is struggling or not. guy: the germans are

army, the honorable christine wormuth, to build on these previous discussions. there is no better leader today to discuss the role of the army on deterring actors across the globe. thank you again for spending time with us and we look forward to hearing your insights in the coming hour. with that it is my great pleasure to introduce jane, my colleague, who will make a couple of announcements and further introduce our esteemed guest. jane is also a board director and president and ceo in north america at a company that works on solutions to protect the integrity of products and documents. jane has held previous roles as deputy terry sector -- deputy secretary of the department of homeland security, assistant secretary-general of the united nations and member of the security council in the bush and clinton administrations. she has also had a distinguished career in the army pleading service in the gulf during desert storm and she deeply understands the importance of the topics we are discussing today. jane, thank you for joining us today. over to you. >> thank you

. >> and i'm christine romans. we're here in new york. and we begin with president biden traveling today to buffalo to meet with family and victims of the racist mass shooting. the president will not just acting a consoler in chief, he also plans to be confronter in chief calling out hate, the kind of bigotry that floods the 180 page manifesto the shooter thought to have posted just before the attack, expressing his racist beliefs and details of his planned assault. honk the victims, 86-year-old ruth whitfield who stopped for groceries, she had just returned from visiting her husband in the nursing home. her son spoke to omar jimenez. >> one of the things that we as a family wanted to ensure is that we call it what it is, it is white supremacy, it is hate, it is racism, it is bigotry. we got to call it what it is and stop beating around the bush and take it head-on because it is proliferating, it is not getting better. >> jasmine wright is for us in washington. and as you just heard, the families are calling for officials to confront raci

christine: absolutely and what's interesting at the moment is gone are the days when investors couldhink about commodities as a homogenous investment lock where to hedge against inflation regardless of which commodities we are looking at. with the war and ukraine in the recent data is showing us it's a different trade whether you were talking about some of the precious metals were some of these soft agricultural commodities, it really is a divergence that's starting to emerge here and it will be interesting for investors to navigate that step soft commodities are very much at the forefront this week of the latest turn in food nationalism. gold has traditionally been good but it's being battered because of what we see in the u.s. dollar. kriti: you have these high food prices but purchasing power is a big one and you lead the fx covers out of london so i have to ask you about the dollar story and the euro-dollar parity. talk about the ripple effect of the dollar. krristine: is pretty huge because as you mentioned, it's playing into this idea of purchasing power for many countries espe

i'm christine romans. >> laura jarrett. world. it is monday, may 9th. i'm brianna keilar with john avlon. john berman is off. >>> vladimir putin defending his unprovoked invasion of ukraine, claiming that the west was preparing to

i'm christine romans. >> i'm laura jarrett. we begin this morning with hopes to evacuate more civilians trapped by russian forces inside that steel plant in southern ukraine. dozens who were sheltering inside the plant in mariupol why finally brought to safety sunday, but a ukrainian commander inside said russians fired on the plant overnight so it is unclear if more civilians will be able to leave today. right now house speaker nancy pelosi is in wausau for meetin

. >>> coming up, christine le gard lkabt crypto being wo worthless. we'll talk to brad garlinghouse with ripple coming up next another crazy day? of course—you're a cio in 2022. but you're ready. because you've got the next generation in global secure networking from comcast business. with fully integrated security solutions all in one place. so you're covered. on-premise and in the cloud. you can run things the way you want —your team, ours or a mix of both. with the nation's largest ip network. from the most innovative company. bring on today with comcast business. powering possibilities.™ >>> welcome back a sharpening of rhetoric with the two super powers china's foreign ministry says it rejects president biden's comments that he is willing to use force to defend taiwan biden explained his position >> we agree with the one china policy w we signed on to it. the idea that it can be taken by force is just not appropriate. it will dislocate the entire region and another action similar to what happened in ukraine. so, it is a burden that is even strong

christine, what are we hearing?eation in the american economy. 428,000 jobs added back. this is the 12th month in a row of job creation. it is a little bit lighter than the average for the beginning of the year, which is an average of, like, 560 some, thousand every month. in normal times, a number like this would be blockbuster. we're trying to dig out of that big jobs hole created because of the coronavirus pandemic. the coronavirus recession. still down a little over a million jobs over the course of the entire crisis. 3.6% is the unemployment rate. that's steady there. we had a couple of revisions in february and march. but overall you can see this is a strong trend in the american labor market. no question. and the jobless rate has come down dramatically from the worst of things in 2020, when you were looking at almost 50%. 15% unemployment rate. now, we saw wages increase by 5.5%. that's strong wage growth overall. that's one of the concerns that some economists have, they like to see the job market slow down

joining me cnn's chief business correspondent christine romans and jana smilek, christine, first to youhe worry, and then the fed's reaction to inflation raising interest rates making money more expensive for things like buying houses, paying your credit card bills. listen to what jerome powell had to say and a sense of what this means. have a listen. >> what we need to see is inflation coming down in a clear and convincing way, and we're going to keep pushing until we see that. >> any signs of it coming down and if not how long are we going to see them raising rates? >> it means more interest rate hikes are coming. the cost of borrowing will continue to go higher and there is this other fear, that's what we saw in the stock market yesterday, this other fear that the fed maybe hasn't got this quite right yet and doesn't have a handle on the situation and that could tip things into a recession in the u.s. it is not a certainty a recession, but the odds rising and more high profile market analysts have been saying the risks are rising. the same time you got energy costs that are biting in

i'm christine romans. >> and i'm laura jarrett.day" starts for you right now. >>> good morning to our viewers here in the united states and all around the world. it is wednesday, may 18, i'm john berman, and kaitlan collins is with me for a dramatic morning, a cliffhanger in the biggest race of the day, down to the wire in pennsylvania's high stakes republican senate primary. a razor thin margin separating trump backed tv dr. mehmet oz and former hedge fund ceo david mccormick. thousands of votes still left to be counted. as of this moment, it does look like that this race will trigger an automatic recount. in the governor's race in pennsylvania, trump backed candidate doug mastriano has won the republican nomination, he is pennsylvania's leading far right figure and has championed efforts still to overturn the 2020 election. he will physical josh shapiro, he is the first nonincumbent to run unopposed since

tom: christine lagarde about the international monetary fund.here was a feverish to get in the room. to worry about growth front and center. lisa: that's what everybody wants to do. what are they going to say other than it's not inevitable that we are going to get a recession. there is still a lot of strength. tom: we are learning so much here. lisa: we take a look at a world that is very much in turmoil. tom: rebecca patterson talking about the markets. we continue from jason furman. someone that has been with us through the many years of davos. the title is practice of economic development professor at harvard kennedy school but that barely describes his contribution to economics on original sin. i historic day here when venezuela was blowing up. president biden is sending out solicitations to saudi arabia and year venezuela. should he be doing that? >> for saudi arabia definitely it can be a game changer. the world is now concerned about energy security and energy affordability. the world wants to reduce russian oil production. it would be go

christine garcia, ceo of side-by-side, we appreciate your insight. dr. thank you for having me. kristen: our discussion on mental health continues this week on 87 news at 4:00 here today, the director behavioral health of blue shield will join us to talk about mental health, and look for continuing coverage on our website abc7news.com [sfx: computer sounds] ♪♪ ♪♪ ♪♪ ♪♪ let play unwind your mind. ikea. kristen: as we continue to learn more about the texas school shooting, students at other schools across america faced with a heavy question, am i nex t? students at one high school in front of that yesterday as they memorialize the victims in uvalde. twoenrs said they pernallyel lue age of 18. >>here i come fro i have alysear gwi up in general that it could always be my last day, because where i grew up, it was never sunny. there was never a good place to just walk around outside. >> it is a blessing to live to see 18 and these kids were not able to live to see past 10 or eight. kristen: our media partners at the san francisco standard were at lincoln high

and it, thank you for that, christine christine salome life for us at the united nations. let's get european reaction now with nadeem baba in london, nadeem. while fully there has been a wide spread reaction from numerous sources across the continent. the are you kays ambassador to israel tweeted that he was deeply saddened by sharina killing and in his words, i urge a rapid, thorough and transparent investigation, but didn't say who should carry that investigation out the. busy french foreign ministry put out a statement saying that she reads death as it called. it was deeply shocking saying that france condemns it and sang a transparent investigation should begin as soon as possible with a european union. actually put out a statement, going slightly further, saying that term there should be an independent investigation. kyra carried out into sharon's killing or and am pointing out that she was and she was killed as she was own reporting on her operations by the israeli forces in jeanine in the occupied west bank. slight differences in tone there, but no detail about who

christine, we will have to leave it there for now. thank you forjoining us.ilise the supply of medicines as the country battles an explosive coronavirus wave that's led to over a million people becoming ill in a matter of days. south korea says it will spare no effort to help its neighbours with the likes of vaccines and tests and has made an offer to pyongyang. the state news agency is reporting that kim—jong—un has ordered the military to help stabilise the supply of medicines in pyongyang. the report said he led an emergency politburo meeting, in which he criticised government and health officials as "irresponsible." north korea has little access to vaccines or testing, and has one of the weakest healthcare systems in the world. mason richey is an associate professor of international politics at hankuk university of foreign studies in south korea, and has been monitoring the covid situation in the north. he says pyongyang has been forced to publicly disclose the cases because of the rapidly increasing number of them. most analysts agree what this primarily

and of course my beautiful wife christine.is the rock star of our family. >> fantastic. >> all right. talking a little basketball. the grizzlies will likely not be at full-strength when they take on the warriors tomorrow night. an injury update on memphis' star ja morant. stick around. sports is next. did you know that renovating your kitchen and bathroom is one of the best ways to increase the value of your home? i'm mike holmes here with ivan from agm renovations america's number one kitchen and bathroom renovators thanks mike! we make kitchen and bathroom renovations easy for everyone. we quote and design each project and help customers select all finishes without having to leave their home! wow! agm are the only kitchen and bathroom renovations specialists i recommend. ♪ agmrenovations.com ♪ [announcer] call now and get $3,000 off! >>> welcome back. i'm anthony flores. the warriors likely won't face the grizzlies' best player in tomorrow night's play-off game. ja morant has not been officially ruled out, but memphis head c

christine romans and john harwood joining us. christine, first to you. let's look at these new numbers. what do they tell us? >> reporter: inflation could be cooling here. the fire is not out, as one economist told us this morning. fire is still there, but at least the flames are not as big and that's really, really important here. over the past 12 months, inflation, 8.3%. that is a headline decline from what we saw last month and looking month over month, 0.3% increase in inflation and in prices from march to april and that, again, is a little bit cooler. this is what you want to be seeing. you could see on this chart, the huge spike up that everybody felt at the gas station, the grocery store, in your rent. whatever you're trying to do costs more money over the past many months. we're hoping now this might signal the peak. looking within these numbers, gasoline, 43.6% year over year increase. we know last night, a new high for gas prices. nominal high at least for gas prices. that's not captured here. you can see used cars. anybody trying to get a car

i'm christine romans. >> i'm laura jared. we begin with president biden and japan's new prime minister meeting in tokyo overnight. kishida outlined the importance of the countries in the midst of the war in ukraine. china's effort to extend its reach in u.s. asia. he said the u.s. would honor its commitment to he spond militarily if china intervenes in taiwan. >> we agree with one china policy. we signed onto it and all the attendant agreements made from there. but the idea that it can be taken by force is taken by force is just not appropriate. it will dislocate the entire region and be another action similar to what happened in ukraine. >> cnn is live for us this morning in tokyo. hi, kevin. you know, the president catching some off dpafd with that commented on taiwan. what is the white house saying now? i know china has responses as well. >> yeah, some of the president's aids were caught off guard. they should be, the u.s. long adhered to the policy of strategic ambiguity. they will provide the defensive weapons against in

>> christine sevillano: from 1700. >> stahl: 1700. >> sevillano: yes. >> stahl: christine sevillano took business and its 20 acres of vines 14 years ago. she's the tenth generation. >> sevillano: this is the cellar of my grandfather. >> stahl: oh. after surviving the french revolution and two world wars, her family's house of piot- sevillano faced its worst year ever in 2021. >> sevillano: we lost 90% of our harvest. >> stahl: 90%? >> sevillano: yes. >> stahl: how many bottles were you able to produce this year, as opposed to a normal year? >> sevillano: a normal year, i produce around 40,000, 50,000 bottles. >> stahl: and this year? >> sevillano: zero. it's the first time in the history of my winery that we will not make champagne. >> stahl: not a single bottle from this winery? >> sevillano: yes, yes. >> stahl: higher temperatures and extreme weather episodes devastated not only her harvest, but much of champagne's. >> sevillano: it rained in two or three days that it rained normally in one month. even my father told me that in his career he has never seen that. >> stahl: almost flood-

i'm christine romans. >> and i'm laura jarrett.

christine: christine sloan, abc news, new york.iz: despite the tragedy in texas, the nra went ahead with their annual convention in houston amid the massive protests. you are looking at thousands of demonstrators that gathered outside demanding gun safety. inside, texas senator ted cruz joined the keynote speaker, former president trump, who called for a moment of silence as well was there, he called for a moment of silence. greg abbott ended up choosing not to attend in person. the meeting continues through sunday. back here at home, a group of young activists are saying enough is enough. the group held a vigil for the mass shooting victims, calling for meaningful action. tara campbell has the story. tara: hand on heart and a hug in hopes of some healing, remembering the victims of three mass shootings in just 10 days. buffalo, laguna woods, and uvalde. >> right now, students, we are hiding under our desks for our lives. >> henry is one year out of high school and says it seems like this are shaking. >> we are barricading ourselve

i'm christine romans. >> laura jarrett. "new day" starts right now. ♪ >>> good morning to viewers here in the united states and around the world. it is monday, may 9th. i'm brianna keilar with john avlon. john berman is off. >>> vladimir putin defending his unprovoked invasion of ukraine, claiming that the west was preparing to invade. the big plan to have 77 aircraft flying over red square to commemorate the 1945 victory over nazi germany did not happen. the kremlin blamed bad weather. regardless, this year's victory day is an ominous show of defiance and irony. the british secretary said putin and generals are mirroring the fascism of 77 years ago. ukraine's president releasing a video message as putin was speaking. volodymyr zelenskyy saying that his country will soon have two victory days, away from the pageantry and rhetoric, the russian military is inflicting more pain and suffering on the ukrainian people. 60 are feared dead after ukraine says russia bombed a school where nearly everyone from a village was taking she

. >> and i'm christine romans. cnn has learned the u.s.ilitary did play a role in the sinking of russia's flagship in the black sea last month. sources say ukrainian sources asked for confirmation that the warship was in fact the moskva. the u.s. responded that it was and also provided intel about the ship's location. scott mcclain is live for us in lviv. was the u.s. involved in targeting the ship beyond that or simply intel here being shared? >> reporter: so those same sources that you mentioned said that it is not clear whether the u.s. knew that the ukrainians were planning to bomb the ship, but either way the americans were not involved with the decision making there. the pentagon is pushing back on this, and they put out a very carefully worded statement, the spokesman john kirpby saying tht we didn't provide ukraine with specific targeting information for the moskva. the russians of course have been accusing the americans of engaging in a proxy war and this event raises all kinds of legitimate questions about where the u.s. draws th