and that's where ed grew up. ed and stella got married in may of 1940 1942 they had their first child a baby girl. they named judy. in november of 1943 for judy was about a year old. ed got drafted he was gone for two and a half years. most of that time he spent in europe. in the signal core trailing along behind the front line troops as they marched towards berlin and the end of the war. and stella stayed home with the newborn. now stella new on some level that ed was safe. she knew that of course from the letters. he wrote home these sweet personal letters that he sent as often as he possibly could. but you got to stop for just one second. and think about this young woman. in chicago in 1943 in 1944 1945 living surrounded by war living surrounded by death by the gold stars that she'd see in the windows as she walked the baby along the streets. for the prayers for those boys who had gone missing. the prayers that sunday mass for the boys that had gone missing from that parish that she was a part of and you got t

what about this ed?le say, that's infringing on their right, citizens perhaps to go to work, to carry out their business, the economy of their city or be able to travel downtown, whatever it might be, it's difficult right? where is that line of where it's fair for all citizens within a city when it comes to protests? t fair for all citizens within a city when it comes to protests? i agree in the sense _ when it comes to protests? i agree in the sense that _ when it comes to protests? i agree in the sense that i _ when it comes to protests? i agree in the sense that i don't _ when it comes to protests? i agree in the sense that i don't agree - when it comes to protests? i agree in the sense that i don't agree with the truckers on the vaccine mandate but the protest is a complex sociological phenomenon, if you live. you remember in france when we had fuelled protest the in the past. and i think a lot of it, if you take a step back is to deal with globalised nation and feeling off a bit of whatjohn major wa

ed: shale is massive in this equation.back to where we were producing at the end of 2020 until the end of this year. this means that shale is really almost as important a part of rebalancing the market from the oversupply of 2020 as opec+ was. we lost three years of production, and effect. but now production is rising at a really rapid rate, and we see these corporate reports coming in for the last quarter of the year and projections for this year. we are seeing an estimate increase of capital spending in the u.s. of about 30%. some people think maybe that is countered by inflation. we don't think inflation in the oil industry is anywhere near the 30% increase in capital spending. so we have cap related about 1.3 million in liquid production coming out of the u.s. this year versus last year, and 800,000 a day of that coming from crude oil, the remainder from natural gas liquids. with these new reports on increased capital spending and movement away from the so-called discipline that wall street had applauded, now wall stre

and this is all from the years that most people spend in college taking those gen ed classes. so we ask the question. why are we making students take multiple semesters spend tens of thousands of dollars taking these mandatory classes for getting a degree and it turns out there really aren't learning much in those classes and the answer it turns out is that certain departments have figured. a to lobby the curriculum committees and make their classes mandatory as a way of getting students in the seats. and what does that mean? you can hire more faculty you get more budget for your department. so the english department may be declining in majors overall, but it has hundreds of students coming through its classroom every semester because they're simply required to be there to get a degree in a completely different subject is tenure important in higher education. so we have an ideal theory of tenure that says it's an important institution to protect academic freedom to ensure that faculty are independent to ensure that the university system can operate as kind of a a curator of kn

ed: that is why i bring out the loss a year ago. if you compare airbnb to say, expedia or booking.com, this is a stock that has traded at a discount to those competitors this year, because it also trades at a higher multiple. it is sensitive to the narrative around higher rates and higher multiple stocks. the after-hours reaction here in the share prices is pretty strong. that speaks to the idea that the street wants to know what the growth outlook is, not just that they were able to fare well in a quarter where there were difficulties because of the pandemic, but it looks like the growth trajectory is still strong for this company. romaine: i want to go back to roblox. ed: me too. romaine: we had bloomberg intelligence on earlier, mandeep. he pointed out some short-term numbers, there is a longer-term play here, bet on the metaverse or whatever and ciliary's are attached. i am curious if anything was in the numbers that would dissuade anyone that roblox will be a big part of the metaverse. ed: yes, this is the question i heard you

ed _ mental health week. hello. my name is eddie. ed sheeran. - name is eddie. ed sheeran.ddie. ed sheeran. i hello, my name is rees. reese withersraoon- — hello, my name is rees. reese witherspoon. hello, _ hello, my name is rees. reese witherspoon. hello, my- hello, my name is rees. reese witherspoon. hello, my name i hello, my name is rees. reese| witherspoon. hello, my name is tom. tom hardy, just a few of the household names who have previously signed up for the bedtime story. the duchess of cambridge has been a keen supporter of early years education. two years ago she was involved in the bbc�*s tiny, abbey people project. was involved in the bbc's tiny, abbey people project.- was involved in the bbc's tiny, abbey people project. abbey people pro'ect. about 9096 ofthe abbey people pro'ect. about 9096 of the adutt — abbey people pro'ect. about 9096 of the adult brain— abbey people project. about 9096 of the adult brain grows _ abbey people project. about 9096 of the adult brain grows before i of the adult brain grows before the age of five and it shows what a precious

emily: ed ludlow, thank you. coming up, we continue the conversation on russian aggression toward ukraine and how it is using cyberattacks to paralyze ukraine's government. that is still to come. ♪ emily: president biden wrapping up remarks and saying he is convinced russian president vladimir putin has decided to invade ukraine. as the standoff has continued over the last week, cyberattack launched earlier this week paralyzed multiple ukrainian government websites and banking systems. officials in kyiv called this attack the worst of its kind in ukrainian history, and shooting to mass confusion and destabilization. officials deemed the size and resources involved in this attack suggest a country was behind it. joining us now for more on the global threat landscape is andrea joyce, head of name and intelligence. in this particular -- nambient intelligence. was russia behind it? >> it looks like it was a russian military organization called the gru. this is very significant because the gru is the same organization

ed: of course i have to ask, what is the use at the moment?saw companies loading up with so much through the years, a lot has gone through m&a. when i think about the environment for acquiring, using some of this new capital they are raising, i wonder where does it go? it is not clear that you will go out and find a great use case for it this year. ed: liability management as we move into this post corporate earnings blackout window is likely to be a catalyst for an uptick in issuance as we think about the differential between existing average coupons and existing yield, which is still running 65 basis points aren't even on the heels of these recent moves. the ability to try and have interest expense savings is very much still in the fold. paired with a flatter yield curve, extending a maturity profile here, makes liability management exercises a piece of the equation, arguably the more visible and more telegraphed component to the four calendar ties to that $185 billion announced event related financing, and even without running up 100 billio

first, a look at the markets with ed ludlow. a rally continuing in tech stocks. ed: some momentum.hree-day rally. best move from the nasdaq 100. a three-day move since november 2020. basically setting up the debate. how far the federal reserve goes raising rates. what is the priority? you can see we are low on the nasdaq 100 for most of the day. closing up .6% higher. semiconductors and mega caps you see there. also, yields have remained higher. of a basis point, 1.7 9% on the u.s. 10 year yield. ford, according to sources, they are really going for it. this is reporting for myself. sources saying they are restructuring, looking at the chart and seeing what they need for the ev future. according to sources, they could look at the manufacturing plants and spend up to $20 billion over a five to 10 year time horizon to improve them. you can see that on the left-hand side of your screen. the stock popped following the news. general motors reporting after hours with its fourth-quarter earnings. this is the fourth quarter impacted by a shortage of semiconductors. we knew that. coming in

ed: a question on flexibility.and through the pandemic how that was a beneficial quality to have for the business because the whole world has been somewhat flexible. as we come out of that and go back to a more traditional workplace environment, how does a company like wework adapt? sandeep: there are two aspects of it. the leaders in the field have produced reports talking about how flexible of about 2.5% to about 30% by the end of the decade. on the contrary, in london, flex is about 6% of the market. recently, the ceo of canary wharf made a comment that he things about point to percent of his portfolio will be flex. so when you look at what we do for a living, i feel for once i am on the right side of the fence. i was touring around a company about e-commerce, and how it disrupted brick-and-mortar retail. there's a lot of similarities. so flex is at this point in time when the future is uncertain. you have to know where you're going to be 12 to 18 months from today. your supply-side issues, all of these unknowns

nobody in the family agreed to speak with "dateline" except ed.live with her paternal aunt and uncle. jennifer has supervised visitation rights. meanwhile, stephen's parents have spoken tom sydney about what happened to her dad. >> he gave his life for her. >> that is all for this edition of "dateline." thank you for watching thank you for watching k you for watching >> chelsea was out scare some halloween fun. >> right lipstick, a wig on. she looked beautiful in her costume. >> next morning. she was gone. >> i got a couple facebook messages. do you know where she's at? >> you have the majority of people in costume. the worst case to start an investigation.

ed, thanks for breaking it down for us. ed ludlow joining us. we're going to take a quick break.ing up, while the leisure and hospitality sector did see job gains last month, many restaurant owners are still struggling to get business back to pre-pandemic levels. we're going to speak to the founder of the bread group to join us -- will join us to talk about how his group is faring. join us. this is bloomberg. ♪ jon: this is bloomberg markets. i'm john altman along with matt miller. i keep thinking about what diane swonk was talking about earlier in the program about the long road potentially ahead for some of the hardest parts -- hardest hit parts of the economy. we've been talking about the leisure and hospitality sector in the face of that new job stated today. they did lead the way with more than 150,000 jobs added, a fifth of those coming from food services and accommodation. i guess the question is, with a lot of heavy lifting that still has to come, what's that process going to be like? matt: renita young from bloomberg radio was talking to shaq recently about his decision

ed: this is classic elon musk, right?thing he said in 2019, respectfully he misted the deadlines by a long way, but clearly they have made progress. what's astonishing is that when you stand underneath the full back, the sheer scale of it, it is not a falcon nine rocket. it is next level. it is enormous. all the engines they had, each one can generate 450,000 pounds of thrust. it seems so real that we just need to see it go into space. you know what i mean? emily: i know what you mean. we will be waiting for the details and more from you. ed ludlow. waiting for elon musk. thanks. plus, the biden administration plans to spend $5 billion over five years to install chargers for electric cars. most of them will be placed along interstate highways in an attempt to convince more drivers to buy electric vehicles. the money coming from the bipartisan infrastructure bill passed by congress. coming up, the new twitter ceo is aiming to move faster but not changing course. we will break down the results, that is with the cfo ned sieg

ed: we have some momentum. three day rally. how far is the federal reserve going to go raising rates? what is the priority here? we close 6/10 of a percent higher. semiconductors and mega caps. that is at the same time, yields have stayed higher, 1.79% on the u.s. 10 year yield. let's get to a bloomberg scoop. ford is going for it. this is reporting by myself, sources telling us they are restructuring, reorganizing and saying what do we need, they can look at those manufacturing plants -- they missed on the top one, they reaffirmed strong guidance for 2022. google, up 8%. a bead on the bottom line. the news is the stock split. making that stock more accessible to a broader range of investors. in terms of specific, google will do a stock split in the form of a special one-time dividend, issuing 1/10 of a percent. one to watch. emily: thank you. i want to stick without the bit -- with alphabet. beating estimates, strong growth , softness. what is your take away? >> the continued strength in tech is ringing through with googles re

jen ed are these classes everybody takes. there is roughly about a third of the college experience for the typical students. that is your intro to english, intro to get a well-rounded education. over many, many decades they have accrued in such a way a lot of these classes in the way of content but we look at the book at some survey data where they ask incoming freshman basic questions about knowledge and critical thinking. two years later after the end of their sophomore they asked the same questions there's basically no difference on the amount of materials they learn paid no improvement at critical thinking skills. these are all from the years they spend in college taking the jen and classes. so he asked the question why are remaking students take multiple into tens of thousands of dollars taking mandatory classes for getting a degree and they aren't not learning much in those classes. they have figured a way to lobby the curriculum to make their classes mandatory what is that mean? you can hire more faculty, the english d

ed: the ford family has three board seats, they are a big factor.y say that probably has to submit a plan that has to ultimately get passed then. most of their income comes from dividend payments, so they want the status quo to remain, or have a structure where that would continue. this is all about raising capital to run the business. henry ford, 60 facilities need to be converted to ev's. how do you raise those dollars most efficiently? jon: great reporting as always. we are going to take a quick break. a new treasury report suggests m&a activity in the beer, wine, and spirits industry should face more if you trust scrutiny. we will talk to margie lehrman and get her thoughts on the study. this is bloomberg. ♪ jon: this is bloomberg markets. i'm jon erlichman. with matt miller. we want to turn to a u.s. treasury department study which recommends greater scrutiny for any deals, mergers and acquisitions in the beer, wine, spirits industry. they say the department of justice should reassess the way it looks at these combinations and regulators should

ed o'keefe is there. ed, tell us more about the steps being taken. >> reporter: adriana, u.s. and european leaders are now preparing to take extraordinary measures against select russian banks by kicking them out of what's called the swift banking system, a messaging system that allows for easier international banking transactions. in a joint statement, president biden and european leaders also say they plan to place restrictions on russia's central bank, an especially bold move against a major global and nuclear power. they will target oligarchs and others close to vladimir putin to identify and freeze the assets they hold around the world. as one u.s. official explainedhe world. it to us tonight, "we'll go after their yachts, their luxury apartments, their money and their ability to send their kids to fancy colleges in the west." >> diaz: ed, russia has been under u.s. sanctions since 2014 when it annexed crimea and it hasn't had much of an effect. will these new sanctions work? >> reporter: that's what they're designed to do, adriana. the idea now is to squeeze vladimir put

ed ludlow is here watching meta-, spotify. ed: the nasdaq 100 is up. fourth gain in a row. best run of a winning streak since november. amd, real strength. if there was one area we do not carry on was in cryptocurrency. the crypto index is that basket that is tracked, weighted towards bitcoin. ethereum is down. it has been stressful bless our. qualcomm, stocks rising. its -- you know this story. trying to move the company away from automotive, really lofty expectations. the end of the first quarter, 180 3 million subscribers paid. that sounds good when you say it out loud, but it was less the streamer was looking for. meta-, the parent company of facebook. this is what you're saying, we are down 21%, 22%. the company is candid. headwinds from competitors. analyst cut price targets on meta-because of the competition of tiktok. clearly, something is not going right or something is going wrong. >> i cannot remember a time when facebook's core users do not grow. can you remember the last time that happened? >> for the first time that i can recall, this is new information. faceb

ed: competition is interesting.look at the plans out there, the smaller startups are really focused on low-earth orbit. that is the deployment of satellites into synchronous orbit around the earth. blue origin is very focused on the idea of space and even though jeff bezos has a similar picture vision as a spacex about earth benefiting from humans being in space, it really there is not any. there is not another private sector or public-sector body that is thinking backspace x. if i -- thinking like spacex. it seems like a really strategic win for spacex. kriti: ed ludlow, thank you so much. stay warm, stay safe, we appreciate your time. this is bloomberg. ♪ guy: we are approaching the end of the trading week. what a roller coaster it has been. let's give you a sense of where we are as we come to the end of trading. we are 25 minutes away from the end of the equity session. stoxx 600 down by around 0.5% but we are well off of our lows. we are gaining traction. pay attention to that. technology is down. the luxury goo

classroom, and then, she applied to be a special ed para, so i do want to give a shoutout to special ed paras because i know what they have done and how they go above and beyond, and i just want to thank everybody for helping me get to this point, so thank you so much. [applause] >> thank you, mr. lopez, and miss wong, for what you do each and every day, and now, i'll hand it back to president lopez. >> congratulations again to our r.a.v.e. award winners. section c is public comment. protocol for public comment: please note that public comment is an opportunity for the board to hear from the community on matters within the board's jurisdiction, we ask that you refrain from using employee and student names. if you have a complaint about a district employee, you may submit it to the employee's supervisor in accordance with district policy. as a reminder, board rules and california law do not allow us to respond to comments or engage in conversation during public comment time. if appropriate, staff will be asked to follow up with speakers. >> clerk: thank you, president lopez. so this i

ed: there are good reasons to do that.ket we think will see bigger deficits than anyone expected for this year. the little bump in the road is we will see aluminum shut in for different reasons in china. the cost of aluminum in europe being another one. we see the supplying-demand tightening and the potential for russian sanctions on companies doing the exports of aluminum, making it different to export it. we do have the $3400 call and we know the prices come off a little bit. with china easing and the end of the olympics, we think the prices will go up. guy: how much of what we see and the price currently in the metals market broadly is financial hedging, flows, and how much is it real demand? ed: on the financial side, look at volatility across all commodities. volunteer t -- volatility uncertain russian exports has been high, in the 90% range for aluminum, nickel, wheat. when you look at the oil market, gas market volatility, much lower. the highs for historical purposes at the 50% level. you don't have that feeling of

ed ludlow. first and foremost, let's get to the geopolitical story of the day -- president biden announcing the united states was ordering heavy financial sanctions against russian banks and oligarchs, declaring moscow had flagrantly violated international law by invading ukraine. andrea horton joins us now. the woman who understands putin, russia and the white house. tell us about the reaction to what are perhaps not the toughest sanctions yet. >> that's correct. these aren't the toughest sanctions, but they can dig in and push against russia. this is what the president called tranche one, echoing the words from the u.k. prime minister, boris johnson. a number of individuals close to the kremlin as well as sovereign debt. the primary debt market -- this would be the secondary debt market. on the diplomacy front, i want to bring some new information. we heard the secretary of state speaking alongside his ukrainian counterpart. that meeting he planned to attend at the end of next week with his ru

let's go to san francisco and bring ed ludlow into the conversation.e these changes a recognition of? are they a recognition that there is now a need for acquisition, or are these changes a recognition that the company just needs a different direction? ed: the stock move is crazy, and i think you take each of the actions in isolation. first, john fully becomes executive chairman. this is a company that he founded a decade ago, 2012. for those on global wall street that want to see this potential takeover happen, i think f oley stepping aside increases the likelihood that a nike or amazon could step in with a bid because of the dual class structure. kailey: he still remains a shareholder. he has those super majority shares. don't you still need his sign-up for a deal? ed: remember, he's the founder of this company, and it is a decade in the making, and a lot of it was around high quality. he has personally come under attack from blackwell comedy -- from blackwell, the activist investor. they said they are happy he is stepping aside, not happy that he's

ed, we learned that a gentleman named barry mccarthy is going to become the ceo of peloton.is barry mccarthy and why is he the right person for the job >> yeah, i mean, a couple of things, right? he's stood along entrepreneurs at netflix, spotify. he knows how to work with these iconic founders. it's not the bike. it's the program it's the content and i think over time, you nknow this is fresh to eyes. they need a restructuring, but someone to take a clean set at this and really examine the busy so it can really help strengthen the parts of the business that are the strongest. >> is there anybody left to buy a peloton or pay for its service? i think that's the fear, ed, is that everybody that wants one now has one. >> well, two questions there, right? i think, you know, they pointed out clearly that existing user base continues to engage very highly with the device maybe you're not using it as much as you did when you couldn't leave your home, but using it at home is very high. a paying subscription, no issue. the demand on the broader device is in question the tread has had

ed: that is part of the interesting question.d potentially raise money based on the ev business. we know farley's board have already ramped up production of the two products they have, the mustang and the lightning. the demand for those vehicles is more intense than perhaps they expected. what they are younger businesses. there is not as great visibility and profit, for example. it probably is great visibility into future revenue streams. they look at tesla, at the multiples tesla trade that, and tesla's ability to tap capital markets for financing. tesla has raised money at a cheap cost of capital. i think as you said at the beginning, maybe ford wants a piece of that. kailey: speaking of different competitors, we have a question coming in from an internal user. gm's head left the company earlier this year and the issue might have been about spinning off the ev business. how universal is this problem? ed: guy is right about unlocking value. these are capital-intensive enterprises. gm was committing a billion dollars a year to fu

she wrote on twitter excited for the house sex-ed bill teaching queer inclusive pleasure based sex-edighlight of my time teaching. this is happening in schools. this is my opinion, gets your kids out. save your kids and grandkids. i am encouraged by the people fighting. the changes needed to change this rotten system won't happen in time to save your kids. pete and i talk about this. stop the bleeding. take your kids out. i know it's hard. you will have to make financial sacrifices to do it. find a good charter or religious school. i don't think there is any hope for these systems. >> sean: the problem is even very expensive, hard to get into private schools in new york, for example, it's like a war. you have kids pre-kindergarten that have to go through interviews to get into elite schools because the new york public school system sucks and parents won't speak up because they are afraid the kids won't get in the schools. kids in many schools are not learning the basics, pete. am i that old-fashioned? >> no. the elite schools are the worst! they are the most woke. parents try to escap

>> actually, ed mills we just lost his signal, so let me go to andy brenner. from the fixed income perspective here, does this take that 50 basis point hike that everybody anticipated the federal reserve would make, does that now come off the table because there's too much uncertainty in the world right now? >> absolutely, liz. i think it was coming off the table before this but last week there was a 56% chance of a 50 basis point rise, and it was earlier today it was down to 19, so that is definitely off the table. everything i've seen except for fed governor bullard has told me that fed governors want to plot along 25 basis points to start in march, maybe again in may, maybe again in june, but i really think the fed is going to move much more slowly and liz, ask yourself this question. if this was really going to be as aggressive a fed as people are saying, jpmorgan saying nine rate hikes over the next nine meetings, why are they still buying bonds? why does quantitative easing still exist? that shouldn't be there, so i think this is going to be a slow movin

good evening, ed. >> reporter: good evening, norah. is deep skepticism here at the white house about the purported russian troop pullback. the president warned an invasion of ukraine is still possible, but he had a message today for the russian leader: give peace a chance. president biden said today he isn't convinced vladimir putin is pulling back russian troops from the ukrainian border. >> that would be good, but we have not yet verified that. indeed, our analysts indicate that they remain very much in a threatening position. >> reporter: russian state media today showed what appeared to be some russian tanks retreating, and putin announce he had decided to partially pull back troops, but a u.s. official called the apparent withdrawal a smoke screen, and the president said there were 150,000 encircling ukraine, up from 130,000. >> an invasion remains distinctly possible. >> reporter: the president'sasin comments came hours after putin, meeting in moscow with the german chancellor, said he didn't want war and wanted to solve the issu

greg's dad, ed palkot, died this week at the age of 108. ed was born in 1913 in pittsburgh.o months old amount gallon of milk was 4 cents. woodrow wilson was the president and ed palkot was just getting started. here he is with his parents. he survived the 1918 spanish flu, two world wars, experienced the great depression and watched the moon landing. ed lived through history and played his part in it voting in 22 straight presidential elections. i had the honor to speak with ed -- that was him on his 100th birthday. he looks like he's about 70. i don't know. he told me about working in his dad's speak easy during the prohibition. >> i helped occasionally. by that time i was about 10 or 11. i would listen to the stories of the customers coming in. they would tell me about world travel. they would say, you know, one city is no different than another. if you've been in pittsburgh, you've seen them all. >> he was a remarkable, wonderful man. i was honored to meat him. did he age gracefully. he's offered plenty of wisdom to his son, greg. he said you have to forget about mistake

thank you, ed.metaverse" might be the buzzword of the year so far, but close behind it is "de-fi," or decentralized finance, an umbrella term for peer-to-peer umbrella services on blockchain. there is a ton of money and activity pouring into it while scams and theft still plagued the space. joining us now with some ideas, acrew capital founding partner lauren kolodny. great to have you with us. there is so much funny flowing into defi and web 3.0 right now. where is the smart money going? lauren: thanks for having me, emily. no question, lots of buzz around this space right now but i think this year in defi we're seeing a lot of convergence. what i mean by this is it is really coming from all angles. on the fintech side we have been an investor in fintech for the last decade, in companies like thume, and gusto and others, and we are seeing a lot of traditional fintech companies look to adopt crypto and defi strategies. they are doing that by engaging in for structure enabling a pit -- enabling it. a

with us is ed morris how low could prices go?y what the bottom is and the top is but we're figuring at about a mid $60 price range for brent. $60 for wti by the end of the year just based on the numbers that we look at and yes, there are wild cards in them that could change that one way or another but mostly to the downside rather than the upside. >> that is a big drop. i mean that is not saying okay we're going to drop $5 you think, if i'm roughly speaking here on u.s. oil, from almost $90 a barrel to something like $60 that is not a 50% drop, but maybe something like 30%. >> but we've lived in a volatile environment for while. the last couple of years have been unusual and this coming year is going to be unusual. we think the world is -- most world analysts are wildly underestimated the amount of supply coming into the market and we think that we've done as an honest job as we could, there with two big wild cards, one it on the bear side, how much oil will iran bring back to the market and then in response to that how much opec

ed: really bullish second-quarter outlook. story here is transitioning away from making smartphone ships to other areas. diversifying, automotive. the bar was so high. they came in softer than that. that seems to be the takeaway. we know they are on track. paul: ed ludlow there. amd, an underdog had record revenue that beat estimates. bloomberg spoke with the ceo and started by asking about the supply chain. >> in the last 12 to 15 months we have seen strengthening and the semiconductor supply chain. we work closely with all of our supply chain partners, whether you are talking about the waiver or front and side, where the back and side, all of the testing equipments. what we have planned for is long-term growth. we had a very ambitious growth outlook for the last few years. we continue to have that. we are working with our partners, investing with our partners, building out that capacity. i think we have been very aggressive. we do see, i know people say there is no end in sight, i would not exactly say that. i would say a lo

ed: you know, elon showed some self-restraint. he did not make the bold predictions he has made in the past. did we get clues? yes, we got clues. he talked about the end of next year, 2023, they might attempt to refill, another word for refuel, starship in space. i mean that literally -- launch the starship system into orbit come were another starship vessel is waiting in orbit. the to merge and a refill. if they are able to carry that out, it is a good sign we are getting closer interplanetary travel. mars is almost 200 million miles away. yes, 200 million miles away. we will need a refill with the propellant to make it there. that is the next rocket science breakthrough they are aiming for. emily: ed ludlow in texas, you will be watching. thank you. another story we are following, bloomberg has learned that zillow is selling more homes to premium partners as it unwinds its home-flipping business. it acquired more than a hundred properties from zillow for nearly $300 million. it has agreed to buy 400 more homes for roughly $150 m

"the new york times" with an op-ed titled america's russian policy has a biden problem. the real problem in administration policy is the president. the insular nature of his decision making lacks rigorous thinking and fuels a kind of arrogance most egregiously. he let russia know it need not fear u.s. troops fighting to help ukraine saying publicly there is not going to be any american forces moving into ukraine. congressman michael waltz now republican of florida, former army green beret sits on the house armed services committee. i imagine that committee is very busy these days. thank you for being in "focus." i have to start with our american citizens. look, what happens with them with enough, you know, lead-up time to get them out must look different than afghanistan. it just has to. >> harris, here we go with afghanistan all over again if you listen to what the president is saying. we need to be sewing doubt into putin's decision making and we need to be whether troops -- we're prepared to put troops in or not and we also -- you know, we need to have that leverage o

the well section also op ed as well. one of my personal thanks for joining us with accident with with the hi am i or this is because report max and stacy are in san salvador el salvador. and we are really just amazed that the revolution taking place here in this country goes bitcoin as legal, tender, and so much is changing and for the better a stacy with them. hey mack. so while we are here,

ed: it was already bad. volatility is causing problems in the market.re are people finding their credit? >> they are just holding off. a couple of deals got pulled to see a better market environment step my suspicion is you will start to see some financing aspect come to market whether it's a spin out or m&a transaction that has to be played and that's where you will test the waters on the depth of the market for new financing. for now, with the fed raising the cost of capital, that will impact capex spending and lots of's that will reverberate into the market that we won't see for a couple of quarters but there is a multiplier on what's going on. as the fed tightens, it will be interesting to see what happens. matt: i wonder how much the fed can do that or what are your expectations? you talked about the fact we are seeing things we haven't seen since the great financial rises and credit suisse strategist was talking about the note he put out yesterday comparing this to a lehman brothers moment or march of 2020 moment. will we be able to see the fed co

ed ludlow is here with what has been a remarkable rally into the end of the week. ed: it is. trying to figure out your exposure and financial markets. you are trying to figure out which stocks will be impacted in the short and long-term. this is a discussion we have to our -- to have around social media. meta and twitter, meta saying russian authorities ordered them to stop fact checking and labeling posts on the facebook platform by state run media. to which facebook declined to do so. an analyst at bloomberg intelligence jumped on this quickly say, in the case of meta, you can see 1% to two percentage points hit to daily active users. which company might benefit? twitter, really interesting, we know this from the olympics and the super bowl. twitter is an event driven platform. bloomberg intelligence estimating they could get a short-term boost from what is going on on the ground in the russia-ukraine situation. no matter how tense it is. it is interesting to see where capital is flowing. the etf's, let's take a look, this is the big fund. money has been going into this fun

ed ludlow has the latest. ed: u.s. secretary swinging between losses and gains. the s&p 500 the main gauge of u.s. equities made three attempts at a comeback out of negative territory. we closed down .4%. technology shares were able to snap the declines we saw friday which was a heavy loss in that session but only just. just .1%. mega caps leading the way pure apple, amazon, tesla. pushing up the faang index. semi conductors eking out again. the markets struggling getting a read on the situation with ukraine and russian border. yields higher as the market looks at the outlook for higher rates on the minutes due this wednesday. interesting to look at bitcoin in the cryptocurrency space. this weekend everyone paying attention to the super bowl. but crypto tory -- crypto trades 24/7. we have been trading sideways. we did not see big swings like we have done in previous risk-off sessions. really more static range. speaking of the super bowl, if you were busy this sunday and you are not paying attention to the markets you might have missed this deal. or rather, the co

i wrote an op-ed bit this weekend. rather than escalating tensions with russia this juncture we should being deescalating the situation, finding ways and methods of deterrents here. russia is building up forces along the ukraine border for a year, to have over 100,000, 3,000 troops there isn't going to make a bit of difference. whether we agree or disagree whether ukraine should be part of nato it is not worth one drop of american blood on ukraine soil to have the fight, potential conflict or war at this juncture.

. >> here he is, ed sullivan! ♪ >> thank you very much.ou were going to watch ed sullivan. >> now, ladies and gentlemen, a very fine novelty act. >> ed sullivan was a phenomenon. he was a powerful force. >> quiet, please. >> the beauty of the sullivan kind of variety show is that if you didn't like something, something else would be around in four minutes. >> no. >> no. >> why? >> it is very difficult. >> easy. >> advertisers wanted everybody. and so they got everybody. a little kid and his grandparents could watch the same show. >> they would have an elephant on, and then the next thing somebody doing shakespeare, and the next thing, a comic. there would be an acrobat and then an opera singer the next bit, which was true variety. ♪ go downtown ♪ ♪ things will be great when you're downtown ♪ >> anything that was current was on "the ed sullivan show." >> a young richard pryor. >> thank you, thank you. joan rivers. rodney dangerfield. >> everybody wanted a showcase. if you got on sullivan, you knew you could talk about it. did you see sulliv

more than that, though, ed loved to listen. when he asked even the simplest things like, how are you doing? or how is the family? he really cared about the answer. it wasn't just a -- a nicety. he really listened. for more than 20 years, until his sudden and untimely passing which is, frankly, incomprehensible to all of us who worked with ed and cared about ed dying over the weekend, we were his family and we always will be. and right now, we, as a family, here we miss him terribly. he was a great, lovely, sweet, kind, smart, and funny man and he will be forever missed. >>> this is "don lemon tonight." thank you for joining. here is our breaking news. we have exclusive details about the plot to overturn our free and fair election. it went so much farther than the insurrection on january 6th. so much farther than that. here's what sources are telling cnn -- that the former president's advisers didn't just draft one executive order to seize voting machines, there were two. one, directing the pentagon to seize the machines. and th

ed ludlow working with keaton on to really move the markets.put out the story and the stock jumps 2%. jessica caldwell, thanks for joining us. thanks for joining us from edmunds.com. i will continue to go to your website for all of my car research, which i do pretty much all day every day. you can see again there the big pop in ford shares. up to percent after ed ludlow and keith naughton put out that story, ford will invest another $20 billion into ev's, doubling down on their electrification strategy. this is bloomberg. ♪ matt: this is bloomberg markets. i'm matt miller. time for our stock of the hour. it is not ford or gm, but it is at&t. shares are falling 3% after slashing their dividend and spent of warner media holdings to discovery. we knew that what happened but the dividend is disappointing. kriti gupta has the bad news. kriti: double whammy when it comes to stocks. the spinoff is looking to combine its warner media business with discovery. this would get a $43 billion in proceeds to finance a 5g buildout. at&t and verizon have been a

ed ludlow, bloomberg news. dani: ed ludlow with the latest on alphabet.the bloomberg business flash with laura wright. laura: santander with profitability as revenue in a tailwind. spain's biggest bank pledges to increase its underlying return on equity, a key metric. fourth-quarter earnings beat estimates driven by growth. amd stock rallied as much as 12% in late trading after giving a surprisingly strong sales forecast. suggesting it is making further gains on intel. the chipmaker's sales outlook outpaced wall street estimate as it reached a level of profitability that is nearly identical to intel. something that would have been inconceivable a few years ago. paypal plunged in late trade after growth in spending continues to slow during the fourth quarter. economies reopen and consumers return to in-store shopping. total payments volume climbed 23% in the three months. that was the smallest increase in two years. forget paypal. i love vintage. manus: thank you very much. coming up, we take a look at some of the big earnings stories we have broken in las