discovery ceo, david zaslav >>> and later in the show, didav solomon had join us. "squawk box. and the futures have definitely taken a look at the great retailer, i mean, target if target mentions things like being surprised by just how bad supply chain, inflation and other factors were to miss its bottom line by that extent it just puts us back in that, that worry zone about stagflation. >>> coming up, warner bros. discovery ceo david zaslav it kind of lks toohe same, but he's a big l.a. guy now. "squawk box" will be right back. when performance varies. invesco's s&p 500 equal weight etf, rsp, is spread equally across the s&p 500, which reduces potential concentration risk and helps keep your portfolio in balance. stay in balance with invesco's rsp. nurse mariyam sabo knows a moment this pure... ...demands a lotion this pure. new gold bond pure moisture lotion. 24-hour hydration. no parabens, dyes, or fragrances. gold bond. champion your skin. as a business owner, your bottom line is always top of mind. so start saving by switching to the mobile service designed f

hey recession, as david solomon just said, goes with that too. another thing powell said yesterday is they have to rein in demand. there are imbalances that will be a plus. so he welcomes signs the consumer is spending less. of course they want to see financial conditions tighten. we know that is tougher investors see the value of their portfolios going down, their 401(k)s, the more stocks fall, the more even the expectation of fed tightening along with some of the actual changes are starting to help those financial conditions go where the fed wants them to go. so, it is early days. the fed, again, still hoping they can avoid the actual recession but, of course, many people say you will not get the inflation rate down until you have a real slowdown in the economy and that's why so many people are voting -- betting on that and that is why we see stock seven off. >> kathleen hays. part of the risk off sentiment we saw. bond yields are falling as well across the sovereign space. we saw treasuries rallying. we are seeing australian sovereign bond yie

what really pains him probably, his buddy across the street, david solomon got a 90% bonus. is this significant? >> clearly the bank doesn't have to do anything on this, it is nonbinding. but it does suggest they will have to reconsider this next time. it just have implications for the rest of wall street. maybe that's the ceiling. manus: can i just say one thing to you, david? you can begin to understand why shareholders love differentials. dani: you certainly can. though i feel the need to wring out the world's tiniest violin for these figures, but yes, you are right. manus: the differentials on pay on the street, david scanlon there. coming up, we'll take a closer look at the implications for your investment outlook. dani: we will also have our exclusive interview and talk about the bank's exposure to russia amongst other topics. this is bloomberg. ♪ >> inflation is coming down. that's what we really need, so we are watching for that. if that involves moving fast -- past broadly understood levels of neutral, we won't hesitate at all to do that. we won't. >> i have a conce

david solomon s out with a warning on rising prices.ld bloomberg what he calls punitive inflation is a big tax on those living paycheck-to-paycheck. and it is important that it be gotten under control. let's look at the impact on what is happening in the retail space more broadly. joining us now is the chairman and ceo of columbia sportswear, tim boyle. tim, we are seeing walmart, target, some of the best management teams in the business struggling. how are you doing? tim: it is interesting. our business is very much a wholesale business. we sell to many, many retailers globally and also have a futures business. our business is basically predicated on selling our merchandise retailers well in advance of the season, then delivering on time to them. what we are seeing -- and we are able to, frankly, the addict price increases and we have been able to raise our prices because our products and brands have power to be able to handle additional pricing. what we are seeing is that about half of our increase in costs are related to logistics, w

sonali: david solomon told me he is not overly concerned about inflation.erated that the economists have been a view of a 30% chance but inflation is extremely punitive. that is the wording here. watching forward with any cracks in the credit market moving forward as thing starts to deteriorate more. kriti: we have seen credit spreads widening as well. we thank you. joining us for more on the inflation topic is vincent, the director of global macro strategy. we have a reporter live in our studios, visiting from washington, d.c.. we thank you for visiting. here is a simple question. is the inflation peak in the rearview mirror? vincent: i think that is a big if, given our markets. i would say yes, but it doesn't matter. whether the peak was in april, or march. at the end of the day, the story is the speed of disinflation. especially, compared to what we need to get by the fed in 2023. anyway you look at it, if you break up the index, i don't see how we get to 4.5% by the end of the year which is what the fed would need to cut the rates. so yes, it will slow,

goldman sachs ceo david solomon says clients have paired for a decline in asset prices. ld sonali basak what he because extremely punitive inflation is creating a tax on the economy. he sees a 30% chance of recession in the u.s. over the next 12 to 24 months. bloomberg has learned the u.s. is forcing wall street acts to search more than 100 personal mobile phones carried by top traders and dealmakers, the largest ever investigation into secret messaging on platforms such as whatsapp. the sec will decide who to punish for failing to preserve messages via unapproved platforms. the eu is considering whether to use proceeds russian oligarchs to help rebuild ukraine. the eu will also propose issuing joint debt. ukraine's foreign minister dmytro kuleba told his counterparts that reconstruction bill could reach over $1 trillion. the board of twitter plans to enforce its $44 billion agreement to be bought by len musk. directors voted unanimously to recommend that shareholders approve musk's bid. almost $16 higher than where the stock closed out on tuesday. he board statement came

that was essentially the message given to eric adams and david solomon very particularly because it hitine-up here. al sharpton was on the call from what we understand. the controversial reverend is a he's a supporter of mayor adams that crime has to be dealt with. business leaders and community leaders and civil rights leaders need to come together to deal with crime to make sure violent crime comes down in the city because it's also raging out of control. that is an interesting take here. adams told the ceos he can't fix the problem alone, this is occurring on large part because prosecutors and judges are letting people out of jail with criminal records. there's bail reform that he can't get fixed up in albany, which says that there's no bail for a lot of violent criminals, so they're let back on the streets. so it's not something that he and the police can do alone. the police chief was on the call. he told ceos that the nypd is ramping up officer presence in 40 precincts where crime is the highest. and there's going to be more cops on the streets, on play grounds, in front of school

we will have good interviews, carlisle, goldman sachs david solomon, we got a lot more "squawk in theyou straight ahead don't go anywhere. >> imagine having to use the wrong tool at your job. (upbeat music) - let's get into the numbers. - why would a company do that? especially with hr and payroll software. with paycom, employees enter and manage their own hr data in a single, easy-to-use software. visit paycom.com and schedule a demo today. my fellow xfinity customers. hi tim. the biggest week in entertainment is almost here. watchathon week presented by xfinity rewards. with free access to stranger things from netflix. the boys from prime video. hbo max, starz, and peacock. just say watchathon into your voice remote and get ready to watch. i love you. i love you. i love you all. >> well, our next guest leads private equity firm carlisle asset management here to give us his read on the public and private markets, kewsong lee. it's good to have you. >> it's great to be here >> we talked in october. they bunched them together to get them on schedule let's talk about these markets as yo

david solomon says their employee's death on a new york subway is a senseless tragedy.e are still searching for the unidentified man who they say shot and killed a goldman employee on a subway train. the victim worked for the firm since 2013. and that is a look at the first word news. david: let's have a look at the action across central banks. so far recapping monday, you had three and pretty much raising interest rates by this amount. coming up later today, we will get you more of that in a couple seconds. as you make your way throughout the course of the week, the rbnz expected to hike. korea, ditto. turkey is expect it to keep rates unchanged, at least for now. yvonne: they are seen holding 20 out of 30, but you still have 10, which is not feel, that think we might see hike today, 25 basis points. this is the first time they are even considering this in indonesia since the pandemic era began. it quite be -- it could be quite significant. how aggressive can they actually get? hawkish paws seems to be the consensus right now. rishaad: let's have a look at the bot, the

you don't need david solomon there, you are the beacon at the top of that building. francine: flattery. manus: it will give me everywhere, they told me. [laughter] francine lacqua in davos. maybe not. when we come back, more on the news of the week. including the managing director of the world economic forum, and the chairman of fortescue metals group. this is bloomberg. ♪ manus: it is your monday addition of "daybreak: europe." we are waiting to go to the president of the united states, he is in japan, waiting for him to come through that door with the leader in japan. they talked about a lot of things, haven't they? in terms of working more closely to counter the sort of strength of china, in terms of their position, in terms of their behavior. dani: right. they've also talked about working together when it comes to north korea, their nuclear program, they talked about russia. they also said in the readout, they will deepen cooperation, and work on supply chains and clean energy. manus: we will get to that when the president arrives in a moment. let's catch up with

goldman sachs chairman and ceo david solomon says he is devastated by what he calls a sens senselessa shooting death on a new york city subway train. he was a dedicated and but leff ed member of the family and police are still looking for the shooter. >>> employees responded to would-be robbers by kicking and punching them. one employen said i didn't think too much, i just reacted. >> thank you very much ahead on "power lunch," everybody. financials leading the way thanks to those positive commentses from j.p. morgan ceo jamie dimon. jpm is up 7.3% and we'll get a check on oil and where it heads next is dependent on what happens in china 110 a barrel for wti we're back right after this. but so is your sound engineer. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates matching your job description. visit indeed.com/hire power e*trade gives you an award-winning mobile app with powerful, easy-to-use tools, and interactive charts to give you an edge. 24/7 support when you need it the most. plus, zero-dollar commissions for online u.

internally there's sort of agreement from what i understand from from, you know, people including david solomonhey, and it's always been two factors. they don't want to give up control, they wants a set prices to normalize. and you are seeing asset prices normalize right now as we're talking about the markets. cheryl: yeah. >> it might bounce up today. cheryl: still a bad week. >> and financials have sold off, right? and this is time when people say goldman could be looking to do a deal. the company has no comment. i can tell you that my sources in there, they always -- they are on the lookout. but, again, it's got to be price, they don't want to overpay. they want to retain control. who are firms that they would like to do a deal with? schwab. i don't know if that's ever possible. schwab's longtime investment banker, and they can use that sort of high-end retail component. the other thing -- cheryl: [inaudible] >> what's that? cheryl schwab's had a a hard time. >> maybe their asset price is normalizing. the other names are us bank corp. and pnc. mid-sized -- bigger than regional -- cheryl: dow

i'm sure that david solomon, the ceo of goldman sachs, mr. enriquez's employer will be there.the business community will say, they're going to say in the nicest way but they shouldn't, that we need more cops on the platforms, not just walking around the streets. we need them in subway platforms and a bigger police presence. you need to help get rid of this notion of bail reform that lets people with 19 priors out on the streets. >> martha: adams was in albany the other day and trying to get the legislators to change this law. they push back on it. >> he should take it to them every day. they want a strong push. we should bring backstop and frisk. we should bring back things that made the city and the economy of this city vibrant during the guliani years and the bloomberg years, not during the de blasio years. the business community helped put mayor adams in office. they flooded him with money. he loves hanging out with them. he loves going to parties. he was at the new york stock exchange at a fashion party while this was going down. he's allowed to enjoy himself. the week bef

jorn pyne and jay pefske and geoff yang and david solomon >> announcer: this cnbc program is sponsoredy baird. visit bairddifference.com. hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates matching your job description. visit indeed.com/hire to adapt in a fast changing world, matchin you could hire aption. professional pit crew. go, go, go. sorry. nope. okay. fresh donuts - hot coffee! they deliver real time data and business forecasts when you need it. i think it was fine how it was. (air tool sound) to help you stay ahead of the curve... or you could use workday. the finance, hr and planning system that helps cfos make better decisions faster. on the other hand, we had a great fourth quarter. for a accelerate your decision-making world. workday. for a changing world. welcome to your world. your why. what drives you? what do you want to leave behind? that's your why. it's your purpose, and we will work with you every step of the way to achieve it. (driver) conventional thinking would say verizon and we will work with you every step of the wa

guys, obviously, here at millkin, i talked to david solomon from goldman and mark rowen from apollo,ll of whom addressed the current moment and had different thoughts about that big question that suddenly seems to be looming which s are we going to see a recession at some point given what the fed is doing? taken a listen >> it looks like we're going to squeak through '22 without a recession. there's no doubt conditions are weakening. i'm not sure that's a bad thing in terms of a reset. >> clearly a correction going on personally, i think corrections are healthy. because over the past decade and it really accelerated over the past few years, liquidity and momentum drove valuations particular in certain sectors and certain types of companies and i think there's going to be a focus back to fundamentals which is great companies, but profitable growth. >> rates are definitely going higher when rates go higher, it has an effect on the dollar and asset prices but the path of all of that and whether or not it can be navigated in a way where we land softly and don't have a serious recession i

i would say here are some details i am getting now, new details, david solomon, ceo of goldman sachsfe coming to the office and working in new york. is that a sign? we should point out daniel and rick is the gentleman that was mu smuense s lseasly go sachsloyee,e,ototot some msoosmet mllt s areet t superr pe rr th and t twoheobhesob ty inve banntki b janobd job eytheyeyotre s nafotd d lomamopomoint mo dilyma tyoo intereglyglglnough,noore getti gng ge city des amd peee h cory aree heypd w be ramping up presence in subways, good thing, ramp-up presence everywhere is what they are saying particularly in high crime areas, they will do something about the homeless, doesn't say what, there's a question, is he going to take the homeless, put them in shelters, forcibly commit them? we don't get any of that but he admitted the homeless is a problem and a lot of these random attacks are committed by homeless people who have mental illness. this is a serious problem. adams also again shifted the blame not to the police but judges and prosecutors. the other impression i got from everybody in the

goldman sachs chief executive david solomon has revealed how many workers have returned to the officeman sachs. solomon is a proponent of being in the office, has pursued a strict return to work campaign that has irritated many of the company's junior bankers who threatened to quit saying they are being bullied. solomon says goldman's office attendance is higher outside of the us including europe and in particular asia where he said one hundred% of workers show up when local offices are not in lockdown. goldman not the only bank facing pushback over its office policy, last month jpmorgan reportedly loosened its mandate for some employees to two days a week from 3 days after some grumbling among the ranks. stuart: now this. formula one headed to florida. this weekend, the first ever miami grand prix. there's going to be a marina in the middle of the track with yachts on display. more on that for you coming up. a new campaign just launched encouraging people to boycott disney because of their woke ideology. chris rufo is behind that push and joins the next. ♪♪ your record label is takin