this is citibank now citibank in new york. there were three women assistant vice presidents in the bank and there was no woman full vice president at that time. this would have been 19701. well, i got a call one day from fred malek. who was a harvard business school classmate of mine and i have to say parenthetically over here. i didn't know fred all that. well the men in our class and there were like 650 of them and 12 women in that class and they sort of knew us because we stuck out more than more than we knew them unless we were close to them. anyway, i did know fred a little bit. so fred called me by the way. so the same fred malik years later who raised the funds to renovate this library. really want to say that called me and said the president. the president wants to bring more women into government and we need someone to come to the white house and set up dysfunction. would you be interested? well well, that's enough to sort of knock your socks off for the moment. and i said, i'd like to think about that. and i did thin

citibank has an outlook -- a report on the outlook for those using these metals.hat are they saying? >> this is a new report from citibank and what they are focusing on is chinese producers of the latest generation of lithium-ion batteries. it's interesting that they found from the research the focus from the biggest battery producers in china has been on making the fastest technomic -- technological advancements. what that means is citibank expects the producers to be putting more pressure on supplies to reduce the price. similar to what we just heard from the indonesian president and the reason indonesia perhaps is focused on being up the value chain for commodities, if we look at how nickel has been performing. the u.s. has been warning there will be a shortage of the metal moving forward perhaps over the next 3-7 years. >> one it comes to stocks, one of the biggest equity bulls on wall street defending the debt buying call. -- dip buying call. >> is saying if you're waiting for opportunities to buy the dip, you will be waiting a long time. he says they're wait

according to the rating in the twenty- second year, citibank ranked sixth in the ranking of the most reliable banks. e according to forbes this means that the bank has fulfilled and will fulfill all its previously undertaken obligations to the end. we are talking to customers right now. about strengthening the process of curtailing retail. uh, that is retail banking. yes, and work with retail clients, that is, plus with e, what is called smes, small and medium enterprises. well, the decision to abandon russia's assets has already been made by several foreign financial institutions. in particular , assassitech general home credit managed to find buyers for its russian assets later than the authorities. uh, they decided to ban investors from unfriendly countries from selling their stakes in russian banks until the end of this year. jew yes dmitry thank you dmitry marks spoke about the phased phasing out of the retail business of the city group in russia am in the luhansk people's republic fierce battles, lisichansk could not be taken even during the great patriotic war. they kicked eve

if it claims to be citibank, don't trust that it's citibank.umber to see if they were calling. >> reporter: do you think the state attorney general's plan to go after telecom carriers, you heard attorney general yost from ohio there, do you think it will work? >> i think it's going to make a big difference there is plenty of activity. our company collects all that and gives it to the attorney general and others to help them. there is enough evidence of what's going on to make good cases. with traceback, you can find out who is doing it, and with enough enforcement, you can shut the robocallers and the carriers that support them down. >> sometimes i'll get a call. i assume it's a robocall, but i don't know. i'll answer and then they hang up. it's definitely a robocall. it's an 888 number. what is that? is it someone trying to figure out if it's a real number or something? >> usually that's saying that their robocall campaign is having more people answer than they can handle. so they're hanging up on some people because there is nobody to transfe

just to recap, citibank saying we could get above the estimate.onsensus is 75 the fed -- basis points from the fed. may be take modest profit and put it into commodities given the selloff we have seen across the space. terms of the ftse 100, currently range bound. basic resources. the benchmark is down 0.2%. the dax is lower by 0.4%. a few earnings still trickling through for investors to digest. let's see how things are playing out sector by sector. did have some modest gains across equity markets in europe yesterday. nvidia was a big disappointment in terms of its earnings pressure around the drop off in demand. the basic resources. it is a bit of a holding pattern. the global search in inflation. emerging markets could be among the biggest victims. >> if inflation is a threat to the richest country in the world . i believe inflation is the toughest in the world right now. >> food prices were principal because of the arab spring. it is the way policymakers are fighting it. the entire financial market structures shifting. the dollar is on a tear.

i'm in love citibank, about clarity of the restore my possession of him. there's no was motions to do is to you last than m e. i just, i'm with the media fish. yes. now you your so his photo as me a ride nearest emergency to read mama. yeah. now would you just never seen them? they don't come with it 1st. i 1st fell in love with the russian state will never. i've stayed as i'm phoning those. i'm skiing div, asking him not getting hold of a group in the 55 with speedy one else with we will ban in the european union, the kremlin media machine, the state on russia for date and school ortiz spoke neck, given our video agency, roughly all bands on youtube with me. oh, when i was sure seemed wrong when i just don't know. i mean you world. yes, to feed out an engagement equals the trail. when so many find themselves worlds apart, we choose to look for common ground. a washer to pull in full from credit report report that way more than a present for this multiple or use of our with our swimming a washington to blood like what is a booster as they moved the muslims

por eso usted debe estar alerta >> recibí un mensaje de alerta por texto diciéndome que era el citibanklamadas telefónicas automatizadas disminuyera el acoso telefónico por parte de impostores, desató otro problema, ahora son los mensajes de texto fraudulentos >> cada mes de este año han llegado 12,000 millones de mensajes fraudulentos a los consumidores >> (nombre inaudible) trabaja con una organización que realiza investigaciones para proteger al consumidor, y ha transmitido a la comisión federal de comunicaciones que extienda la ley que los proveedores de telefonía celular regule las llamadas automatizadas para que incluyan los mensajes de texto automatizados también >> puede mandar tantos mensajes a la vez que no importa que la gran mayoría no resulte, que nadie y nadie caiga en su estafas. es un problema que va a desaparecer de un día para otro no es así >> por eso los consumidores debenestar alerta y protegerse, fíjese que el número desde que les llegan los textos, las etapas llegan desde un número de días o más dígitos, no responda, aún escribir la palabra stop lo puede dejar exp

amounts of money for people that are not able to put it back and therefore the majority i think citibankes we could be as high as 14% and 18.6% by january 2023. with these numbers coming out on workers feeling that they have no choice but to stop, and the u.k. has very strong labor laws that require a big process of getting a majority to win the right to strike what we're , seeing is immense support for these strikes from the workers and i would argue from the society as a large. because i think if we look at the situation, p and a ferries where so many workers were sacked and caused such outrage there's a feeling that big business can do what it likes and the government is kind of colluding with the process. so for working people the , opportunity to withdraw their labour is frankly the last stand . now we would actively through this process not discourage business from coming to the uk but also be in a position to encourage people back to the table. everybody wants security in their jobs, fought to pay the bills, and then be in a position to go to work and give a performance. the rail

and therefore, the majority of the study is the number of studies, citibank perceives that we could be as high as i think it's 14 percent. that are 12.2 percent by the end of the year by 18 point c. by january 2023. with these numbers coming out, the workers feel they have no choice but to stop. and as we've said, you've got very strong labels that require very big process of getting majority to, to win the right to strike. what we're seeing. ready is meant support for the strikes from the workers. and i would argue from, from the society is a large because i think, you know, and if we look at the situation p and i, ferries, where so many workers are stacked and call such out, right? there's a feeling that big business can do what it likes and the government is kind of colluding with the process. so for working men and women, the opportunity to withdraw their labor is frankly the last stand. and we would actively through this process not discourage business from covington k, but also be in a position to encourage people back to the table. everybody wants security in their jobs for to p

over at citibank on caterpillar, he said the earnings were there, but they were light. i think that is what mike relative morgan stanley -- mike wilson of morgan stanley alluded to. it is the quality for the conviction of belief of the earnings will be, and there is one important stock with earnings. jonathan: lisa, can we see more of that in the second half of this year? lisa: he thinks probably people are too long because the charts don't lie and he sees a peak and commodities and a rolling in this. this really goes to the heart of the issue right now, which is the only way for the fed to combat supply had been driven in vision is to curb demand in tandem with how much supplies are down, and we don't know what that is going to do, but it is going to be bearish for a whole host of industries. jonathan: this market needs to focus on the damage done to growth in the meantime. futures down 6/10 of 1% on the s&p. yields lower by a couple of basis points. the focus on potentially landing in taipei with speaker pelosi on board. that landing could take place in around about t

citibank says they will be over 18%. germany on friday 34 1/2%. i also think that friday we --. a lot of volatility had been squelched going into that. these are factors that i think the market has to digest even if you think that the lowe's could be in. i can't tell you that they are not. i do think that there's a lot of uncertainty. >> i'm going to ask you a philosophical question. if some of the supply chain issues ease and some of the commodities that aren't rent or labor related, if those ease, where do you think inflation would be and it does the fed really mean it when they say we will get it back to 2%? if so, that's what scares me. can they really get it back to 2% given all the printing and all the fiscal money that is floating around out there? even if we do see an ease in some of these russia caused problems? 2%? we will never get to 2%, will we? that scares me. >> the answer is inflation will be lower but it will still be a problem. tim would agree with this. i think crude oil would be here with or without russia and ukraine. everything was trending in this directio

i had clients and spent two years delving into citibank ballots she's trying to figure out how much the bailouts were going to cost the taxpayers of the united states and i did projects like that in the united kingdom, the republic of ireland and finally in greece . and one day while i was working in athens we were having a lunch break from a due diligence meeting on the top floor of the dining room of a fancy bank in downtown athens, greece and they're telling me oh, we survived the nazi invasion and ottoman turks. we can get through this and i was hoping they could so i dig up some food from the buffet and i walked over towards the window so they wouldn't see i was having to chocolate puddings.and then i saw first i thought i saw a train going by and i was thinking thereis not a holiday because we're working . and i realized it was like a right or a demonstration kind of moving down the street toward parliament. and then i turned back and walked, finished my pudding and walked back to these bankers whose hopefully jobs we were saving and i thought to myself, and i really doing much go

meanwhile citibank is saying that wall street analysts are actually too optimistic, in fact they havereated their own proprietary way of measuring optimism among wall street analysts this method is saying the level of optimism for sellside analysts is at the same point it was right at the cusp of the recession in 2000, right at the cusp, right at the beginning of the recession in 2007, 2008. i don't know. i don't really believe that. as i was studying this i ran across a article in the financial times. we call it ftd, right? it sort of chalks up the thing, what happens the sell side analysts they spend too much time speaking to management. when you talk to management you always get a positive spin. they summed it up i want to share this with you, each analyst gets pavlovian views of reality. forecasts stay too high too long. there is a new word. that is a new word. panglossian. characterized or given to extreme optimism especially in the face of unrelieved hardship or adversity. you know, that sounds like the american dream, right? it sounds like the spirit that made us great in the f

and her disclosure, formerss top listed assets for citibank, three million dollars and money from her husband, law firm latham watkins, also three million. it's also money from a family trust. we assume that accounted for a lot of the cash, but we don'to know whatever the case, it's not wyoming's problem anymore. after tonight, liz cheney is goingm, back to where she's actually from, suburban virginia, probably running foria president, too.k and we look forward to that with great joy. c maybean she can be kamala harris . so there's been a lot of leaking from the doj recently, but somehow the justiced department is not leaked anything really about jeffrey epstein, including his client list. why is that? well, elon e musk, big picture man, if it ever was one , ask that question recently. quote, the only thingas more remarkable than doj not leaking the list is that no one in the media cares. he wrote , well, that's true. and while we're on the topic of why did bruce reinhart's, the magistrate judge who approved the more elaborater represent several of jeffrey epstein's employees, includi

policy so for example the bank of england has predicted high rates of inflation, the rates today by citibankgher, if markets start to worry inflation will persist in following those predictions then we may see further and interest rate rises which could have severe impacts on average people increasingly cost of borrowing so mortgage rates go up, credit card costs go up and furthermore the interest rate rises are designed to slow the economy so whilst they will tell you correctly that the bank of england is not intentionally trying to cause a recession it is very difficult to slow the economy without causing a recession and so it is very likely that further interest rate rises will impact the uk economy and a negative way and we will see rises in unemployment as a result. how much of that _ in unemployment as a result. how much of that do _ in unemployment as a result. how much of that do you _ in unemployment as a result. how much of that do you think is due to the economy taking its course and how much perhaps could be inflamed ljy how much perhaps could be inflamed by the action to the pre

citibank is among them, and they are saying the results could improve overall market sentiment on fundamentalsrgan stanley says it shows a potential drive for efficiency. there is still a concern about gaining more wallet share versus new users, and that does speak to one of the concerns the ceo spoke to. the power of chinese consumers is shrinking, so that is a negative for some analysts. haidi: we will get more on that, annabelle droulers. something, we see more pressure on the founder amid difficult outlook. why are we seeing this happening? >> what we are hearing is that there is not enough incentive for the top talent to state with softbank, with a lot of the attention very much focused on the ceo himself. although their paychecks may be higher than the salary, it is not as lucrative compared to those of top-tier foreign companies. performance is falling below the industry average, there is less attraction not only for the investors but also the top management talent to stay with the firm. shery: what does this mean for the outlook for softbank? it has faced so many different challenges.

we have an inflation forecast of 18% later this winter, for citibank. response has been very underwhelming. we don't know who will be prime minister, and both counts have not put forth any proposals of what they will do to ameliorate the situation. >> right now, we empathize deeply with what it could feel like. it seems unsustainable whether there is a discussion about usage ahead of that time store up more supplies. we've heard about this in germany, for example. how much is that in discussion? >> it is happening in two ways. for market-based mechanisms, and the people with electricity, and policy proposals with thermostats, and streetlights, and less time. as we get people into what -- deeper into winter, we will see conscious policies and market-driven responses. we will see more of those things that it will be a darkened. that is for many european countries. politicians will have to start more with sacrifices, but they will have to step up with that in the. >> i oil engineering textbooks say that oil is a global price. i gather there is a war, and i

learn more at viking.com stuart: citibank expect inflation could britain could hit 18% in britain.in britain, navy 18%. how are brits handling this? >> stagnating and the pound falling consistently on the foreign exchanges. it is down to one word, one word, energy, energy. despite the fact that we've got gas, coal, and oil reserves to last the next couple centuries we decided not to exploit them in the name of going green so we importing huge quantities and paying top dollar. there is even the prospect here that in february if we get a big anti-cyclone high pressure weather system sitting over the uk, literally the lights could go out in our country. we've done this to ourselves the same the germans have done though they are more dependent on russia, and rapidly rising price of natural gas. and i could tell you, if gas prices stay where they are, there will be hundreds of thousands, perhaps even millions of businesses the will go bust without support and that suggests to me we are not just in a recession, this could be a depression. stuart: who is getting the political blame for th

so much so, the investment bank, citibank, is now forecasting inflation could reach 18% or higher next and how secure it is. the two things we know, one is that this emergency exercise planning, war gaming _ emergency exercise planning, war gaming scenarios like energy rationing, it has been extended from two days— rationing, it has been extended from two days to — rationing, it has been extended from two days to four. we also know that the business secretary, kwasi kwarteng, hasn't asked officials to look into— kwarteng, hasn't asked officials to look into things like energy rationing before june this year. the government has stressed that they don't _ government has stressed that they don't want — government has stressed that they don't want people to panic. we are not at _ don't want people to panic. we are not at risk— don't want people to panic. we are not at risk of blackouts this winter _ not at risk of blackouts this winter. actually, this is quite a normal— winter. actually, this is quite a normal contingency plan that they would _ normal contingency plan that they would do —