and david chase was adamant that you have to, this is who he is, and he was right. >> can you assuren't going to become a sensitive, nurturing, mellowing man? >> yes. >> oh, good. >> oh, my god. >> it's all right. i'll be home in a couple hours. don't worry. >> i'm graduating tomorrow. >> carmela was a wife and a mother. i think first and foremost, i think as long as she kept going to church, she felt, all right, i'm taking care of my soul. >> where's the rest of the money? >> it's everywhere. >> she goes home to her husband who's got blood on him. there was no way to reconcile the two things. >> towards the end, when their marriage is falling apart -- >> i used to [ bleep ] your husband. >> you have made a fool of me for years with these whores. >> her performance in that fight is stunningly good. >> because she's jealous! [ bleep ]. let go of me! >> it mattered to people what this couple was going through. and i remember feeling a real sense of responsibility about that and giving the weight to the scene that it deserves. >> what? >> you know what i don't understand, tony? what doe

chase's diary, which a wonderful source and i urge you all you haven't done so to to buy a version like the david herbert donald version and read chase's for the war years. it's our best account of this cabinet meeting. and he describes how lincoln the proclamation and then says what i'm most interested in your reactions his own reaction he wrote that emancipation quote could be much better and more quietly accomplished by. generals to organize and arm the slaves and by directing the commanders of departments to proclaim emancipation within their districts, he stressed. however, that he was so supportive of the proclamation, that he would give it his full support. in the weeks after this meeting and lincoln at the end of the meeting basically says, i'm going to think about it for a while in the weeks after this meeting, chase canty used to press lincoln on the question of freeing the slaves. he writes his diary on the 3rd of august that at the cabinet meeting, i my conviction for the 10th or 20th time that the time for the suppression of the rebellion without with slavery had long passed. he argu

chase it. liz: yeah. and, david, equities, are you one of those guys who is waiting? if. >> yeah, equities are still expensive, yes, because they've yet to price in the if lower earnings we've already seen and the lower earnings we will continue to see as the economy goes into recession. so last year the market was being driven by higher inflation and rising interest rates. this year the dreier's going to be recession and lower earnings growth. you just cannot have severe economic consequences from the largest decline in the money supply we've ever seen. that's going to happen this year. i don't think you have to sit out the market though because we're going to have more bear market rallies just like we just saw, but i do think we're going to go lower, i think 35-3600 is a decent floor. liz: i know you both like short duration fixed income, of course, treasury, the 6-month yield is around 5%. it's just really unbelievable. a lot of people have come can on the show and said just park it many in treasuries. you know, there is something interesting that the i noted, you'

they're casually the cpg companies deciding not to go for volume they're not chasing volume, david.ing to make as much as we can we're going to raise price it's a better way to make money. and we're not going to pay iff as much, because we're not going to do as much. it's a pretty compelling negative -- >> that was a very much unexpectedly bad quarter some people questioning, obviously, the ceo, frank clyburn. we'll see. but i know you follow it more closely than i do. >> people questioned the previous ceo they questioned the dupont deal, the stock up dramatically. they also bought a company in russia, an israeli company, that was doing -- >> that was a horrible deal. >> so, this used to be one of the great blue chips of our era, is iff, i'm no longer putting in that camp. >> quick premind e you can get i on the cnbc investing club you can sign at cnbc.com or use the qr code on your screen it takes you right there watching bonds closely, of course ten-year still trying to sniff out 3.7% as we are just a few days away from that important cpi number on tuesday. dow is down 38 don't go

the be on powell and the fed not david say this idea that people are working but speak the car to be done with a stick. one definition of inflation is too much money chasingoo few goods what we have more goods we out of talk about economic growth and how to get the economy to perform and as it grows it will suck up the money floating around in the economy. the other thing for the white house and congress to stop the spending and try to get a handle on that. out of recent federal budget and single markets were not to keep the printing press running around the clock which we've done for the last two years under joe biden. maria: do you think the risk the fed is overdoing it jay powell again in a pretty clear indication this week that they're good to continue to raise rates they have been raising rates for the last year? if you're right we could see the labor market conditions as being essentially benign, is the fed risking pushing the economy into recession? >> they are risking it and i don't believe they will continue to tighten i think it's possible they do a quarter-point at the next meeting and i'm quite confident they're done after that. one of the rea

david wallace. this is bloomberg. get help reaching your goals with j.p. morgan wealth plan, a new tool in the chase mobile® app.to set and track your goals, big and small... and see how changes you make today... could help put them within reach. from your first big move to retiring poolside and the other goals along the way wealth plan can help get you there. j.p. morgan wealth management. >> from bloomberg world headquarters in new york to television and radio audiences worldwide, balance of power. oversees further developments between the united states and china. china announced sanctions against a couple u.s. firms over the shooting down of various high-altitude aircraft. we are

david page. great to see you. i will cut to the chase.hronous, because that is what it feels to me right now. can we have a slow down, but can we have a media recession but some parts of the economy do ok? david: yes, and the point we make with asynchronous is you can have a slow down and all of the economy but at different times. what we are thinking, we have this nuance coming through from trade, we have nuance through inventory. the consumer looks pretty solid. i think it is as we move into the second half of this year, particularly if we get the slowdown in the labor market that we will see a softening in the consumer side. typically you get a synchronized slow down and that is when you see a recession. if you get it asynchronously, remember we have already had two quarters of negative growth. that was not a recession and that was just last year. we could get a sawtooth pattern of gdp, and i guess that would be a soft landing. tom: german yields are up solidly. i am looking at the 10 year yield. 3.96 is a roundup. that is one story bu

chase. >> did you kill maggie >> no. did i kill my wife >> yes, sir. >> no, david >> do you know who did >> no, i do not know who did it.er: south carolina law enforcement division investigator david owen took the stand wednesday to testify about that interview and what he calls inconsistencies in murdaugh's timeline >> it wasn't one inconsistency. it was several inconsistencies over a period of time that were repeated >> reporter: owen also revealing in that interview, he's confident murdaugh family guns were used in the crime information the investigator says didn't shake alex >> did you ask him, we've established family guns were used >> yes, i did. >> what was his response would "nothing" be the answer? >> correct >> reporter: at other times during the interview, murdaugh emotional, asking investigators for details about what maggie and paul felt before they died >> did either one of them suffer very long? >> a matter of seconds, if that. >> reporter: on cross-examination, the defense pinpointing what they call missteps in the investigation, like never testing maggie and paul's clothing for dna. and waiting three mo

chasing lagging and coincidental indicators. yes, inflation is stubbornly high it's off its peak. it actually peaks after the recession already starts. >> yeah. i'm glad you brought that up, david, because jefferson's paper today says, we've not seen yet a decline in housing services inflation, but recent data on new leases and lease renewals indicate that we soon will do you think that's going to be the tip of this hard landing you forecast or it will be more labor-related? >> absolutely. look, i think -- i developed what's called the rosy super core inflation index, which is the core that strips out all the amputations. i mean, the rental components, medical care services, financial services, that's a lot of gues guesswork. when you take a look at core cpi/deflator excluding imputed guesswork, inflation has already round down to about a 3% annual rate and i think that once these amputations, especially the rents, which have these three-year lags start to converge on the high frequency data, that's going to take time, which is one of the reasons inflation is a lagging indicator, inflation is going to come down pretty hard. i'm not overly fussed about it i think the fed is focu

david from the sartorial to the legalese, we appreciate you. >> have a good night. >> have a good night. we'll be right back. we'll be right back. you can cashback 5% on travel purchased through chasem unlimited and buy a better plane seat... switch to a king suite- or book a silent retreat. silent retreat? oh! hold up! earn big with chase freedom unlimited with no annual fee. how do you cashback? step up. prep up. to help keep you free from the risk of hiv. descovy for prep, the smallest prep pill available, is a once-daily prescription medicine that helps lower the chances of getting hiv through sex. it's not for everyone. descovy for prep has not been studied in people assigned female at birth. talk to your doctor to find out if it's right for you. descovy is another way to prep. descovy does not prevent other sexually transmitted infections, so it's important to use safer sex practices and get tested regularly. you must be hiv-negative to take descovy for prep. so, you need to get tested for hiv immediately before and at least every 3 months while taking it. if you think you were exposed to hiv or have flu-like symptoms, tell your doctor right away. they may check to confirm yo

chase it after the cpa or do you fate it? the fed has made it clear what their stance is right now. does that change anything? david's put that question to a next guest, selena ling at ocbc bank. also on deck for us to talk about is the singapore budget is coming out today. just your broad thoughts here on inflation, which a lot of people were thinking months ago was speaking. yet they are still thinking it is speaking right now and we have not seen the peak yet. selena: i think if you look at the -- it has peaked. i think the main story here is the month on month changes. the idea we are getting disinflation means it is coming off in terms of pressure. that seems to be flip-flopping around. the print tonight will be important. if we get an upside surprise on the month on month number, that will probably cement in with the fed has been telegraphing of late, which is beyond the 25 basis point hike we get in march, there will be the possibility of another one either in the may or june numbers for if you look at the pricing there edging towards the 1.2% handle, meaning it is not priced in yet for the meeting after mar

chasing subscriber growth for just the sake of making wall street happy was a dumb strategy the previous management didn't have the courage or the intelligence to change that strategy davidted that way. we'll see what paramount says, comcast. the markets moving past just counting on subs if you're not scaling at this point, if you're not scaled how do you get to the other side we're not saying that everyone is going win here. we think that this third act separates winners from losers. everyone else will have to figure out what to do to get there. >> yeah. your note is titled welcome to the third act. i guess, would you agree with some of the response to today's news, that or at least ofprint,i everyone is getting disciplined but looking for scale it reinforces the netflix long thesis and that's about it >> yeah. so we're neutral on netflix. our tone shift has been in the past couple months in the third act when everyone becomes more conservative, the winner, the incumbent wins and that's what's going to happen here the wildcard is apple and amazon but if all of a sudden the spending wars go down and people stop spending the way they were spending the incumbents win. what