so is it parliament for dudley.ll about governments just spraying money around the place and all will be well? well, of course it's not, nigel owens. nice to see you again, by the way. i neom. i am the ultra local campaigner, as you might say . i will do my for best say. i will do my for best dudley people. and what i want to do is make sure that i get every possible pound and pence spent as any mp you might argue, might want to do. i would always argue, as a conservative would want smaller government , not want smaller government, not bigger government, larger government usually means more taxes for people. so i would be very against that. and more taxes means usually a lower growth. lower growth means recessions are more likely. so i'm very much for growth , low i'm very much for growth, low taxation and i absolute only want to make sure that those infrastructure projects are about levelling up actually take place in dudley. and i was of course quite proud that dudley was not considered accepted. but i've been to

so is it parliament for dudley.ll about governments just spraying money around the place and all will be well? well, of course it's not, nigel owens. nice to see you again, by the way. i neom. i am the ultra local campaigner, as you might say . i will do my for best say. i will do my for best dudley people. and what i want to do is make sure that i get every possible pound and pence spent as any mp you might argue, might want to do. i would always argue, as a conservative would want smaller government , not want smaller government, not bigger government, larger government usually means more taxes for people. so i would be very against that. and more taxes means usually a lower growth. lower growth means recessions are more likely. so i'm very much for growth , low i'm very much for growth, low taxation and i absolute only want to make sure that those infrastructure projects are about levelling up actually take place in dudley. and i was of course quite proud that dudley was not considered accepted. but i've been to

dudley? is if we are going to have a recession it will be a fed induced recession. the fed can end the recession by inducing monetary policy. will they do that is a different question. lisa: especially if recession is the preeminent concern. if that is the concern they will not want to go to the other direction with up-and-down inflation spurts. jonathan: the challenges not to ease too soon. we all great with bill dudley. the challenge -- we all agree with bill dudley -- the challenge might be taking the foot off the brake. lisa: fed fund futures are pricing in .5% of rate cuts by the end of 2023. this is the big argument and the fed has pushed back and a lot of strategists say this will not happen but that is big priced into the market right now. jonathan: we keep going back to this question, i think it is the question to be asking fed officials come is a risk of doing too little greater than the risk of doing too much? when you heard chairman powell answer, i thought the answer started to s

bill dudley is in the believer camp. as many have told us on the show , once rates get up, they will probably have to stay up until the end of 2023. it will be a big test for the fed. >> to vonnie quinn in new york. >> the european union moving toward a requirement for masks and preflight covid testing. the european commission spokesman said china was a corresponding measures that place covid restrictions on its travelers for what it is: political goals. china's finance minister has reiterated plans to expand fiscal spending while pledging to push more on systemic risks. setting risks including a contraction in demand and supply disruptions. china needs to use proceeds for government bonds to reduce investment. sam bankman-fried has pled not guilty to criminal charges and will face trial in october. he is accused of illegally diverting massive sums of money to make lavish real estate purchases and risky trades. the judge also agreed to keep two people who will help secure his $250 million bill package. kevin mccarthy has

s soil after being released from russia 35 year old taylor dudley is said to be doing well and is in good spirits. he had been detained for nine months, his family said he went to europe to backpack and at some point crossed into russia from poland. former new mexico governor bill richardson helped secure dudley's released and there was no prisoner swap. deaths from cancer have dropped by about a third since 1991 mostly due to advances and treatment prevention and early diagnosis. that's according to a new report from the american cancer society. but that study also finds prostate cancer is killing black men 2 to 3 times more often than men in other racial groups and black women are more likely than others to die from breast and uterine cancer. well, fans of sierra mist soda need to find a new favorite flavor because you're a mist has faded into soft drink history. it's been discontinued by pepsi and replaced by a new lemon lime soda called story. perhaps he says, story has more aromatic citrus flavors and is considered more crisp than sierra mist. one story review on twitter kept it

bill dudley says a u.s. recession is likely. covid and chips, china says to pause massive spending on semiconductors as the resurgence of the virus strains the nation's finances. plus sam bankman-fried pleads not guilty to criminal charges, setting up the trial in october. we are full on risk buying mode this morning. really fueled by the headlines coming out of china of which there are many. we will try to break those down with you through our bloomberg team. let's look at the impact on markets. hong kong shares leading gains across the equity space this morning. also looking at futures in the s&p 500 and euro stoxx 50. david inglis will go into the details but it is part reopening, part government support, part u-turn when it comes to china. for the cross asset story, treasuries are off to their best start of the year since 2001 when alan greenspan when markets correctly guessed that he would/rates. 10-year yield lower by 1.5 basis points. the bond rally continues in australia. those yields lower by 10 basis points. japan has

bill dudley says they will stay the course.ough for central banks when they are going again congress and people who do not want to see rates go up. those will be the big concern and challenge for the fed this year. yvonne: thanks so much for something bad up for us. kathleen hays. we have plenty more ahead. this is bloomberg. ♪ ne personal styling? what's that? that's stitch fix. ...and how can you help me? we do the shopping for you. you tell us your size, budget and style. wait, is it a subscription? no. style for me? for me? for me? always. we'll pick the clothes. you enjoy the great fit. stitch fix. yvonne: breaking news. china press and the pause button when it comes to spending on chips and building their own domestic industry. local governments are strained on finances. we are watching very closely chinese local chipmakers. we did see a bit of a drop after the news. david: we did have lower ever so slightly. in place a bet, what are the options beijing has? top officials discussing ways to move away from the costly subsi

. - taylor dudley held in russia since last april, a family spokesman saying dudley had been in europe backpacking and crossed the polish border into russia, though it's not clear why. negotiations were led by former new mexico governor bill richardson. dudley's mother was in poland today to greet him. that's quite a sight. >>> and there is also news on the economy tonight. new numbers showing inflation cooling down a bit. consumer prices in december 6.5% higher than a year ago. that's trending lower now, though, for the sixth straight month. steady progress could lead the federal reserve to slow the increase in interest rates to a quarter percentage point. >>> when we come back here tonight, the urgent search for a missing 4-year-old girl, after a u.s. postal worker found her 5-year-old sister. >>> and a deadly building collapse, a worker buried under several feet of debris, in a moment. verzenio is proven to help you live significantly longer when taken with fulvestrant. verzenio + fulvestrant is for hr+, her2- metastatic breast cancer that has progressed after hormone therapy. diarr

alix: that was bill dudley. it leads us to the question of the day.hat is the biggest risk for the u.s. economy in 2020 three? joining us now is katrina dudley , portfolio manager at franklin advisors. what is your biggest risk? >> i think the risk we haven't 2023 is similar to what we saw in 2022. inflation is the big one and fed is the other one, in terms of the pace at which they have increased rates over 2022 has been very significant. we need them to step off that gas pedal and let the economy catch up. guy: happy new year. in terms of how you would handicap the recession risk right now, what would that look like? can we avoid a recession? what are we preparing for? katrina: we could debate this until we go into recession or not. the key is how deep is the recession that we go into, if we do go into one. and even if we do, we are in the camp that it is going to be mild. you have a look at the market, we don't have excess in supply here. we have had very tight supply in a number of markets. we look at the jobs market and we are talking about this

taylor dudley held in russia since last april, a family spokesman saying dudley had been in europe backpacking and crossed the polish border into russia, though it's not clear why. dudley's mother was in poland today to greet him. that's quite a sight. >>> one more note on the economy tonight. new numbers this evening showing inflation now cooling down a bit. in fact, if you take a look at the numbers, up 6.5% higher than a year ago, and we'll have more as we continue to follow these numbers coming in. >>> when we come back here tonight, the urgent search for a 4-year-old girl, after a postal worker found her 5-year-old sister. >>> and a deadly blinding collapse, a worker buried under several feet of debris, in a moment. i look forward to the chance to make new ones every day with verzenio. verzenio is proven to help you live significantly longer when taken with fulvestrant. verzenio + fulvestrant is for hr+, her2- metastatic breast cancer that has progressed after hormone therapy. diarrhea is common, may be severe, or cause dehydration or infection. at the first sign, call your doctor, start

dudley now back on u.s.oil with his family. >> the look in the eyes when she saw taylor and the embrace that took place is worth it for us, for me, for our organization and pursuing these efforts. >> reporter: the michigan native and u.s. navy veteran traveled to poland to attend a music festival but then crossed into kaliningrad, a small territory governed by russia between poland and lithuania. the news agency tass reported that dudley was charged with illegally crossing the border, but the case was dismissed without sentence. the richardson center saying despite the current situation between our countries, the russian authorities did the right thing by releasing taylor. the team traveled to russia multiple times to seek dudley's release at the same time working to successfully free trevor reed and brittney griner who were both part of prisoner exchanges. no such exchange was required for taylor dudley's release. but the detainee who has been in rssia the longest, paul whelan, remains behind bars after fou

the former fed official bill dudley says a u.s. recession is pretty likely. china is set to be moving away from massive spending on semiconductors as a resurgence of covid strains the nation's finances. kevin mccarthy it loses three rounds of voting to become a u.s. speaker of the house or shadowing deeply legislative gridlock in washington. >> com if you take a look at the futures -- and first of all happy new year to our viewers. if you look at futures they are a high at the moment gaining a 5/10 of a percent and we have inflation figures from france that were better than expected. mark: we are seeing that playing through and the european debt markets. there is a bid for a european debt and we can look at that shortly. the flurry of news out of china. it is mostly positive in terms of geopolitics in australia and cold changes there but also shoring up bell burst alongside the broader shift away from covid zero and whether or not we are in a pivot point when it comes to china is a discussion point. we have payrolls coming out on friday. the spanish ibex up s

bill dudley wrote the following.ngfully to fiscal discipline. ten courages political grandstanding. it risks the default. world's wealthiest and most powerful nation. tom, it should be abolished. tom: strong language. william dudley is an important economist. former president of the new york fed. someone more than any of the feds steeled in the grind of market economics and working day-to-day through policy realities. bill dudley joins us this morning writing for bloomberg opinion. a huge distributor. bill, i was talking with michael mckey, this goes back to the fiscal state of the nation at goldman sachs. in 2011 and more recently in 2015 the fed was proactive in modeling out debt ceiling outcomes. do you just presume they will do that this time? how will your company assist congress in measuring those risks? bill: definitely contingency playing. what do you do if there was a default on the debt? what do you do if there was not a default? the way it works if you actually run out of money, the treasury will decide wh

taylor dudley was released today after months of negotiations.t bradley is joining us now. what we do we know about taylor dudley's detention in russia and his release earlier today? >> reporter: we don't know a lot because there was a ton of discretion around this case. just released today. apparently detained in april. i've been following a lot of russia and ukraine events closely. but the fact of the matter is taylor dudley was not detained in ukraine or russia proper. he was in a narrow strip of land between poland and lithuania, governed by russia. he was apparently in a -- attending a concert in poland, he crossed the border for reasons not known, and then he was detained for reasons that are not entirely clear. but bill richardson, the former new mexico governor who had been dealing with this, he's kept this successfully very much under wraps and reportedly this was at the behest of dudley's family. he was not exchanged for anyone, unclear why he was detained in the first place. but this is a case shrouded in mystery. it's not like brittne

the fact that taylor dudley was released, there was no prisoner swap. that it may be more likely than not that paul is coming home? >> i believe what we used, the gr grassroots support, the legal process, using attorneys from the region, and we had worked on this case when we were working on griner and trevor reed, mentioning it at high levels in moscow. but this was more rural grassroots, the attorneys that helped us in kalinigrad. this was a unique effort that resulted not in a prisoner exchange. >> right. >> it was just a deportation. so i don't think the russians necessarily are changing their mode, but different cases require different approaches. >> i ask you, ambassador, because we all remember when brittney griner came home and the president said, for some reason, and i'm paraphrasing, essentially russia is unwilling to make a similar deal for paul wheland, they are treating the case differently. >> yes, and i think the good news here is that the big high-profile important paul wheland case, because he's an american marine, he's been there four

and so we're told that taylor dudley is in good health.en negotiated his release and the russian officials did not demand anything in return for his release. so they're very pleased about how all this all went and they are emphasizing at this point that they're still working very hard to get paul whelan home. he remains in russian custody. >> remarkable. no quid pro quo for this one. natasha bertrand, thank you so much. >>> the supreme court on wednesday allowed new york's restrictive gun law to remain in effect as legal challenges play out. so in a brief order, the justices rebuffed an emergency request from challengers who said the law violated their constitutional rights. and two justices stressed they're not ruling on the merits of law but declining to intervene in this dispute. >> so what are the tea leaves there. supreme court reporter avian devogue joins us now. you have two conservative justices saying what. >> you remember they changed the language of second amendment. and they got rid of that in new york, but they changed the fam

this is the part that got me what dudley said, darrell. at the same time he said the fed is inducing, causing this recession with higher rates but can they end by cutting rates? is it that simple, fed induced? >> it's a great point but i have to take the other side of that argument. i'm not sure cutting rates would do it. number one, lag effect with monetary policy, six six to nine months, if we're feeling that the june 75 basis point and july 75 basis point hikes. we have yet to feel the 75 in september, 75 in november and 50 in december. whatever else we do in 2023. that will bite in 2023 i agree with alan greenspan most likely out come is recession. it is not just interest rate hikes or cuts, for that matter, money supply is tightening, stronger u.s. dollar put tightening banking conditions, reserves running off and other element are tightening financial conditions simultaneously. lauren: phil, can you say 2023 will be a year of two halves, first half recession and second half potential rally? >> that plays into your portfolio. you shou

franklin templeton's katrina dudley spoke to me earlier. katrina: these investors have not had to focus on investments for a long time. they have been riding the lower inflation and the rising stock prices. tech investors are having to do the work that we have been doing as active stock pickers our entire career. that is why we think there is a lot of opportunity but you really need to be stock pickers. that is the key message. you cannot take this blanket paintbrush and go, i am going to go all in tech. amber: for more on the markets let's bring in jack caffrey, portfolio manager at jp morgan. i assume you always do the work but is 2023 really going to drive at home? jack: i think you are going to see much more of a market of stocks rather than the stock market. whether it is the dispersion with valuations, which are getting to be above average. whether it is what winds up driving the company's top lines. i think the challenge we have over the next two or three weeks is so many companies are in their quiet period. they might be more reacti

michigan who was detained in russia for nine months has been released. 35-year-old navy veteran taylor dudley apparently illegally crossed the border from poland into a russian province located between lithuania and poland in april. his family said he went to poland for a music festival and crossed the border. officials say there was no prisoner swap when he was handed over to u.s. custody yesterday. >>> and those red-hot inflation rates seem to be cooling. inflation declined to 6.5% for the month of december. that's compared to a year earlier. back in june rates hit 9%, but as nicole d'anpotio to emrtaire costly. >> reporter: falling gas prices are helping to ease inflation. the bureau of labor statistics says prices fell more than 9% in one month. price hikes at the grocery store are slowing down but remain high, up nearly 12% in the past year. and some staples like eggs are skyrocketing. their cost has increased almost 60%. and that's hurting the bottom line at bakeries lake this one in mcallen, texas. >> i've kept my prices as low as i could for as long as i can. if eggs continue to incre

it's vital for me. vice olivia dudley mitchell berra has only recently moved to rome and knows very few people here as well as socializing was to fanny. i managing to beat red cards would be a nice addition, but not to wish to penya isn't prepared to grant her. oh, you mean though, that was it because you did it in the home phony, our cd she made and you can get locked out of keeping some one company and i saw a little crystals come november. the exchange is enriching de la companion home with a jetty t shirt until i get off 8 year old farrah says she's unable to pay off her time debt struggle, but she doesn't have to do with, unlike ordinary banks, the time bank is not that strict about repayment oh all day re good very good news. alessandro is finished too. if he had drilled into a cable, he would have been insured by the time bank. he's not sure what he'll do with his 2 hours of time credit. but more importantly, he's got to know a fellow musician in the neighbourhood, and mighty was, would be nice to play together sometimes. yes. when i yes. let's organize something . morrow. pace b

they dudley's climate report or tim schellenberg has this outlook for the year ahead. devastating floods, droughts, apocalyptic storms and rising sea levels. the past year in the u. s. pakistan, italy, and the horn of africa was just the beginning. the scientists are able to give an attribution very quickly to pakistan flood. they gave an attribution 50 percent more, a flood because of human induced climate change. the hurricane ian that hit florida, the said 30 percent more flooding rainfall because of climate change. ok, so we don't have a climate change element to all of these disasters. there's no 0 climate change disaster left anymore. the energy crisis field by the russian invasion of ukraine will continue to play a major role in terms of how quickly countries reduced their emissions in the long run. there are 2 main developments. the 1st is the exploration of new gas and oil fields. new pipelines, refineries and l. n. g terminals are being built. so nations no longer have to depend on russian fossil fuels. the 2nd and even bigger trend, major investments in solar and wind power an

activist who was off by these radio police themselves as i suddenly become the minister and shall dudley police force in his will and decided to kitty all this at what he calls a visit, what palestinians and muslims says, call it the storming of the alexa morse, the 3rd holiest, the swine in islam. only because he is now a minister and he has the chance to do whatever he wants. and the other point of making this was it very or to of video content that contents, this is basically it reminds the palestinians with what happened back in september 2000. when then opposition, leader areas set on decided to storm the alert some wars to the same way that been via did it early this morning. and that event, that event that visit in september 2003. good. what became known as the 2nd that i seen an intifada on which dia, prices were paid by the palestinians by the families, by, by activists on the 15th streets that were very much outraged by this visit. because it is a signal and intention that, that, that, that started many years ago and continues until this very moment that israel really wants to

they dudley's funny future thanks so much for that. in watching the daily news still to come. it's more than just ancient art work and i'll kill the just in the u. k says that he is cracked, the code of europe's ice age case paintings. at 1st, every 8 minutes in india, a child goes missing some runaways, while others become lost or are taken from their families. and that's according to an organization called railway children. enjo took that name because so many unaccompanied children show up at train stations. and that's where human traffic is often kidnapped them and forced them into a life of professional begging sexual exploitation or forced labor, the debbie's at ill. but as more this is no daily railway station. every morning saw the ball and his rescue team goes out to search for lost an abandoned children. the search bled forms and dreams to find the children. saw that is with the daily beast and jew salaam. waller dressed, is we're seeing the operation. often out of searching this for 2 year old united she's about and lead lost or abandoned the beam approaches her and

including coal, have been banned in and around. india's capitol is latest attempt to improve new dudley's air quality. but many are concerned that could affect businesses and livelihoods have limited reports. bit by bit agriculture waste is shoveled into a boiler powering this factory in northern india. the unit next door is using natural gas. both textile plants had been running on coal. but after the government announced a bad on polluting fuels beam, john, i spent a $150000.00 to switch over. he says his operating costs have doubled the company, bottom of our industries, unable to compete, it's much cheaper to die. textiles and cities like pseudo code on job is still using better or the industry. here is a grieving. we are thinking of shifting our factories to others. the region around new delhi is one of the most polluted in the world. ed remains toxic despite several efforts to reduce it. now authorities have banned industries from burning, polluting fuels. it's also illegal for people to use coal in their home. according to government data, the region uses $1700000.00 tons of coal e

a questioning that policy, they dudley's mckayla covenant reports from washington. when ukraine's president vladimir lensky spoke before us congress in december, he took a calculated risk, leaving his country for the 1st time in 10 months of war was dangerous, but reassuring his most important ally was vital on your money is not charity is an investment in the global security and democracy that we handle in the most responsible way. days later, congress approved an extra $45000000000.00 package for ukraine, but that decision was taken by the old congress, led by democrats. this new congress is split. republicans have taken the majority in the house, and that's about to sound a lot more like this. president transporter, wal would have only cost $22000000000.00 with the money we sent to ukraine. we could have our a secured our border, but we're not doing that. leading voices of the hard right echo chamber have little power on paper, but growing influence over the political agenda. americans feel like we've been providing the lion's share of the support for ukraine, bo

so pissed off creek, dudley medina, the heritage, and making her future africa direct on al jazeera lou. ah ah, very quick reminder of our top story here on al jazeera, the leading contender for speaker of the u. s. highs of representatives. republican kevin mccarthy has failed to be elected after 3 rams of voting is the 1st time in a 100 years of the election went beyond the 1st rank. democrats know many hickey jeffries finished with more votes the mccarthy in all 3 rats. saudi arabia, the united arab emirates, and jordan have joined palestinians in containing the intrusion of the alex, a mosque. why is really national security minister? it's marvin giving year palestinian leadership described it, quote, as an unprecedented obligation and hundreds of thousands of people lined the streets of santos in southern brazil to bid a final farewell to people. legend pele, who died on thursday at the age of 80 to 3 time world cup winners coffin was carried through the city on a fire truck. with news agency says, save the defense, ministry has raised the death toll in ukraine's attack on a barrac

continues in palestine as 3 more residents were killed by israeli troops in the last 24 hours during dudley raids in the west bank. oh, flashes of erupt in palestinian cities of thousands of residents gathered at the funerals of those killed mourners took to the streets, waving flags and chanting slogans. a 41 year old man was killed trying to stop israeli soldiers from detaining his son. another demonstration was seen in the palestinian city of nobliss, as locals gathered at the funeral of a 21 year old man. the 2nd of those recently killed by the israeli military. the israeli army has killed 6 housed indians in the west bank since the beginning of 2023 since last year. special forces have repeatedly carried out 9 time raids, allegedly searching for members of militant groups, according to a jerusalem based human rights organization. last year was the deadliest and 2 decades with around 150 palestinians killed by israeli troops. maria, for notion of visited a family who lost their 15 year old son during a previous israeli operation, had in my yard was 15, his family and friends. remember h

this visit is very contentious because of the implications of such a visit by minnesota, shall dudley police force in israel and decided to carry all this at what he calls a visit. what palestinians and moslems call it, the storming of the alexa morse, the 3rd holiest, the swine in islam only because he is not a minister, and he has the chance to do whatever he wants. the other point of making this visit very contentious is basically it reminds the palestinians with what happened back in september 2000 when then opposition leader or he had said on decided to storm the alert some more the same way that been via did it early this morning and that event, that event of that visit in september 2003. what became known as the 2nd that us in an intifada, in which dyer prices were paid by the palestinians by the families, by, by activists on the, for the senior streets that were very much outraged by this visit. because it is signal and intention that, that, that, that started many years ago and continues until this very moment that israel really wants to change the step, the school of the hol

ah, there wardrobe, tripping out several boynton, dudley lead door, or chain reaction room shutting down the national grid. this is of god, the serious issue minister thing that they're working on road the dr. doris door bala, eric bala will be restored to the southern board through be of garage within the next few all words. police in the usa, the california say the main suspect in a mash shooting is dead. 72 year old who can try and shot himself after he was cornered by police officers say he opened fire at a dance studio near los angeles on saturday, killing at least then people protestors have gathered at a bedouin village in the occupied west bank that threatened with demolition in 2018 israel supreme court approved a plan to bull doors, carnal armor, to make way for illegal israeli settlements. the courts now asking the government to explain why this hasn't happened. russia's foreign minister figure love rob is in south africa for talks has been meeting the foreign minister in pretoria last week. south africa's military announced plans to hold joint military exercises off its coast

while i was disappointed that dudley did not the final cut in the latest levelling up funding round ,lling up funding round, i am of course, pleased that we received th e £5 million towns received the £5 million towns deal received the £5 million towns deal. a big pay on the brand. you've edwards leisure facility and a transport project secured since election in 2019 . but since election in 2019. but because our high streets , mr. because our high streets, mr. speaker is on its so will the prime minister meet with me and dudley council to discuss levelling up bid and how we can ensure success in the next round . well, mr. speaker , my . well, mr. speaker, my honourable friend is a great advocate for his constituents and i'm and i'm delighted that thanks to his efforts, dudley has received thanks to his efforts, dudley has receive d £25 million from has received £25 million from the towns fund. i know there will be disappointment about the levelling up fund, but all bids , including that made by dudley council, receive feedback to strengthen their bid for future rounds of funding . and

. >> she grabbed what she could and moved to higher ground but dudley she lost most of her belongings station road. a few drivers plowed through. so the cyclist included. >> on the one hand, it is really go >> the forecasted river levels continue to change because you're anywhere near where it is planning to happen, i would pass it back because it happens too fast. reggie: prince harry is sitting down with michael strahan. chris alito has the details in the first look. >> this morning, michael strahan is one on one with prince harry. >> referred to him as your blevins brother and arch nemesis. >> duca dutchess dominating headlines across the globe and . the university of idaho students return to class for the reggie: first-come a check on the weather withdrew. drew: it is wet out there and also wendy. everybody is seeing rain at this hour. we will press on to east bay right now are we have downpours. this morning. this is for the guadalupe river near the expressway. we do expect some flooding later on today. flood stage here is 9.5 feet. areas -- region. a level three strong storm. we

caroline: trina dudley there with some tough love for tech investors as we enter this new year. that's continue the conversation with a man who does a lot of fundamental analysis, mark mahaney of evercore. it is great to start the year with you mark. tell us about what was cautious and muted in 2022 do -- 2022 turns constructive. some of your best ideas and one of them is over. we just finished the conversation on the heels of tesla robo taxis. what fundamentally does it look like to you mark? mark: happy new year to you. last year was a terrible year. it was the worst performing year for stocks especially for growth equities since 2008. that was very challenging. going into this year we try to be tactically constructive which is to look for companies that are somewhat recession resistant. somewhat recession resistant and have new revenue streams that have taken cost actions because we need to do that if demand is going to soften. that leads us to two stocks in particular, over and netflix. the ridesharing part of the business is more utility than a discretionary spend environme

mike dudley i live in derbyshire. we call them piglets. mike dudley is them piglets.t is a school day course, as he calls them . i want to make one the way them. i want to make one the way you are, carl, but yeah, alternative names for crumpets as well. it is 829. coming up, we will take one final look at the papers with liz kershaw and benjamin butterworth. get those crumpets in the toaster now you've got about two and a half minutes . welcome back. it is 833. you're watching and listening to breakfast with ellie ampaw . now breakfast with ellie ampaw. now it's breakfast with ellie ampaw. now wsfime breakfast with ellie ampaw. now it's time to go through the papers . and joining us this papers. and joining us this morning is broadcaster liz kershaw senior reporter for kershaw and senior reporter for the newspaper, benjamin button . the newspaper, benjamin button. liz, we're going to start with you this time. this is the pound spiking against the dollar as inflation falls to lowest in a yean inflation falls to lowest in a year. this is in the telegraph . year. this is

higher rates, and the market is pushing against bill dudley, you know them better than i do. you keep track of this, and the answer is a restrictive crew is looking for help right now. >> which is it. all flood or full kashkari? >> does it matter? you ever read those children's books, choose your own adventure, we could choose which we want to go and then turn the page to a particular outcome? that is where we are embarking in 2023. the inventors i am looking at our going to be the wages once. payroll reports are coming out with wages coming and hotter than expected. that is a sense of the strength of this labor market, more than the headline number. at 10 a.m., the other side of the story. the services sector. has been the strongest and the driver of the inflation. we have looked at the service index for the month of december. does it continue to go down the way we saw it with the durable goods in the manufacturing and the ism we saw earlier, or doesn't come in hotter than expect it to show what the fed's talking about, which is resilience in the economy. if you are looking

as monica peter dudley repeated, geico classic song sank on poor song in easley for la la la bonnie. play physic. why come visit law physic? more. it's angela, we're gonna go back shockey. nobody's not a bad even callback eve. i think these are for me, are you the push? is there much at cargill, we're committed to quality. the promise commits us to make a different commitment. is that cargo offers a substantial premium to certified co operatives in exchange, those cooperatives must improve the daily life of pharmaceutical ex. my building schools, for instance. this is a promise cooper web is bound to keep promoting good morning pregnancy. ah, it probably does or for so she to she really she should already know from ford on them on were, is we nickleby magazine doing this makes you more healthy group when you started programming? yeah, i think that this idea. 2 menu here will it is. i like where he does. yeah. and it was in joshua jose already. yeah. i learned to saw. no, i lazy zillah in so locked in some nipple bundles in all of it now. yeah, of course we alika. lucky more in was up

an author and editor of 29 books earning him awards including the lincoln, the roosevelt and the dudley knox medal for lifetime achievement. his most recent books are world war ii at sea a global history, operation neptune and battle headway. let's give a warm welcome to a simon. >> thank you let me say i'm glad you introduced the staff and that's great but i'm so impressed was he and his team with the way they put on this wonderful symposium. so great to be back in sealed new friends in this venue and particular so i'm grateful for that. i'm also very impressed by the way with all the people that have stood at this podium before me and the way they have taken on questions not just of what happened but questions have how do we know what happened and the most important question of all and the one i often get org. for my students when i was teaching at the naval academy and that is this one, so what? i mean there's the stuff that happened but what does that mean and i really want to congratulate again the people who stood here at this podium before me over the last couple of days for taki

they have to think some of the responsibility dudley. absolutely. i think if we were to hand out report cards, they would all have flunk and the, the fact of the matter is the palestinians want the factions to unite. they want the palestinian political system to be united because that's the only way i will have a child at confronting this is really government and speaking to the world in a united voice and securing international support to protect themselves against what comes next, which was already in play, i mean we have to remember the agenda of this, israeli government wasn't exactly a 2 handout roses, just funny and it was about math, this placement. it was a buck on presentation, an annexation. it was about outlawing palestinian construction in, in about 60 percent of the occupied was back. it was an agenda of war. now it's just going to get bloodier and, and even more serious and the fact that they can't get their act together politically. their factions that can, we can see these fractions sitting down and, and getting the palestinian house

and how little, i mean, if you had a sub in canada, nathaniel russia riley, are stella dudley? fidel hill at taylor, he said he was sure that he, if he could feel the town line either one really, but i at the the lot here cuz he is sick lady on, on our marijuana, moore. you had that his assured to kind of you, you hello, hello, work on a little tonight and when his aimen was took 11 for the me that he or what is erica? sorry, i didn't double bother. assure you soon and his papers are sticking together. and in power more than any time before. and what is said about this small group of theaters, a gang of the so called sudanese communist party is only am i in already. and we have already done with about 90 percent of them were gotten financial ability for charlotte by the sellers. a young man of america . what would the hurricane not open the miracle with all the saw that the holiday has been taken and muscular, whilst missouri community than his corners had the land. i'd be also love to bother shooting. would it be a holiday or communist via bother thing? or either one of the ca

victoria dudley, a child psychiatrist and author of "reset your child's brain."hanks very much for being here. this is obviously something that parents know instinctively about what has happened to their kids but now we have some numbers to go with it. how do parents and schools best help kids get this time back? >> i think there's a lot of pressure to kind of catch kids up. i don't think that's necessarily the best approach. i think there's still a lot of anxiety and depression and kids who are cooped up for a long time. so some of those physical and mental health needs need to be addressed ed first. there's no evidence that we should rush things. if they have lost a year, they have lost a year. there's really no justification in trying to catch them up if they're not in that kind of a space to absorb the material. >> yeah, no, that makes a lot of sense. and this mental health crisis you mentioned it among ccording suicide is the second leading cause of death for children ages 10 to 14. mental health related pediatric visits are spiking. there's a new survey tha

joining us now is katrina dudley. she is a research analyst of franklin mutual. coming straight to you on just what you would expect from the bank earnings a little later this morning. >> i think what we are looking for is really an aperture of whether we are going into a recession because they will be the first line of defense, and the first people to see it. j.p. morgan will, and we will see what jamie dimon has to say about the economic cycle. >> look. if the economic cycle, and i would suggest nine days and change, for a portfolio manager with all of the sell side advice, and your internal advisors, have you radically adjusted, or is there a change agent in the given portfolio because we've gone from december 20 to what we hope will be january 20? >> we are a value managers so we do not make those very significant shifts. >> you're not shifting on the inflation dynamic now as a value manager? >> in terms of the inflation, we continue to see the fed working and bringing it down. the question is, and the question we been talking about over 2022 is whether or no

so will the prime minister meet with me and dudley council to discuss our levelling up bed and how wer to discuss. thank you, mr speaker. this week we i meet him further to discuss. thanki you, mr speaker. this week we will remember the 6 millionjews murdered in the holocaust and although scarred since as we remember holocaust memorial day. we must all work together in this house to defeat hatred and prejudice where we find it, to work for a betterfuture we must find light in the darkness. could i alsojoin we must find light in the darkness. could i also join the we must find light in the darkness. could i alsojoin the prime minister in wishing everyone a happy burns night. mister speaker, zara aleena was walking home from a night with herfriends when she was walking home from a night with her friends when she was savagely assaulted and beaten to death. she was a brilliant young woman, a trainee lawyer with a bright future. her killer is a violent, racist, woman hating thug, not fit to walk the same streets. but that is precisely the problem. he was free to walk the same streets. the

the death of a one year old boy at a nursery, dudley.ands say three of them were arrested last month on suspicion of gross negligence manslaughter and later bailed. a further three women were detained yesterday. two on suspicion of corporate mansel and the other on suspicion , gross negligence, on suspicion, gross negligence, manslaughter. the nursery has since been shut down. the mexican military have a son of the imprisoned drug kingpin, joaquin guzman , also known as el joaquin guzman, also known as el chapo , cartel leader of edo chapo, cartel leader of edo guzman was captured during an operation that set off gunfights and roadblocks . the video posted and roadblocks. the video posted onune and roadblocks. the video posted online to show burning vehicles blocking roads in the mexican city of culiacan. the high arrests comes just days before president joe visit to the country . drug trafficking is country. drug trafficking is expected to be a top talking point for the. you're up to date on tv , online and plus radio . on tv, online an

the death of a one year old boy at a nursery, dudley.ands say three of them were arrested last month on suspicion of gross negligence manslaughter and later bailed. a further three women were detained yesterday. two on suspicion of corporate mansel and the other on suspicion , gross negligence, on suspicion, gross negligence, manslaughter. the nursery has since been shut down. the mexican military have a son of the imprisoned drug kingpin, joaquin guzman , also known as el joaquin guzman, also known as el chapo , cartel leader of edo chapo, cartel leader of edo guzman was captured during an operation that set off gunfights and roadblocks . the video posted and roadblocks. the video posted onune and roadblocks. the video posted online to show burning vehicles blocking roads in the mexican city of culiacan. the high arrests comes just days before president joe visit to the country . drug trafficking is country. drug trafficking is expected to be a top talking point for the. you're up to date on tv , online and plus radio . on tv, online an

tom: --jonathan: fantastic conversation with bill dudley.oversial in the fed has to drive up the unemployment rates efficiently to slow down the economy and this is something someone was talking about to meet yesterday. she thinks it will be harder to get unemployment from where it is now around 3.5% to 4.5% and she thinks the fed has more work to do and this is a conversation we will have. lisa went through the economic data. job openings in america is 1.7 job openings her unemployed american. an amazing statistic which was higher last year. it was through two. lisa: this was -- points to tightness in the labor market and people wonder it is difficult to get workers. -- to apply for those jobs and still speaking to the tightness. jonathan: job openings coming later and later this afternoon, minutes for the federal reserve. tom: mckee has lectured me, j olts is underestimated. we will dive into what is going on in washington. emory horton, i thought was great. we get perspective from greg valerie. i looked at the 20 names of these congress p

jonathan: bill dudley, the former fed president. equity futures up zero point the s&p 500.y. we were going to go to 3.99 of the 2-year yield but we have walked away from that. jonathan: sure. i am with you. back to about 4.17 on the two-year yield. tom: sonali basak coming in with bitcoin. the news flow in crypto is absolutely extraordinary. you look for crypto expertise tuesday with a somewhat moving story. in washington, there is a moving story. annmarie hordern joins us right now on the presidents weekend. does the president go to delaware to go into his garage and look at selected papers? i am a little lost. they used to go to camp david. nobody goes to camp david and. what is a presidents weekend look like? annmarie: there are still some trips to camp david but are much less numbered than the president go to his home in wilmington. he does like to go home on his weekend. we saw this with the former president he used to go to mar-a-lago or his golf course in new jersey. he will not go home looking for documents. the white house made it clear that the is in the and justi