scarlet: enda curran of bloomberg news in washington.biden to begin the press conference. that does it for bloomberg markets. this is bloomberg. ♪ the future is not just going to happen. you have to make it. and if you want a successful business, all it takes is an idea, and now becomes the future where you grew a dream into a reality. the all new godaddy airo. put your business online in minutes with the power of ai. craig here pays too much for verizon wireless. so he sublet half his real estate office... put your business online in minutes [ bird squawks loudly ] to a pet shop. meg's moving company uses t-mobile. so she scaled down her fleet to save money. and don's paying so much for at&t, he's been waiting to update his equipment! there's a smarter way to save. comcast business mobile. you could save up to 70% on your wireless bill. so you don't have to compromise. powering smarter savings. powering possibilities. >> from the world of politics to the world of business. this is "balance of power." ♪ live from washington, d.c. ♪ joe:

in the koran joins us now -- enda curran joins us now. enda: we saw at sales slump and slowed the most since 2020 two. and weakness across the property sector has prices for april following the most month on month in a decade. industrial side of the economy doing well, speaking to the idea that china's export and trade side of things in overall economy would feed itself and the global suspicions and political tensions that china is exporting overcapacity to prop up the rest of the economy and perhaps that's why steps are being taken to rebalance some of that to push back some of those criticisms. scarlet: for years china has been on the issue to rebalance its economy away from export investments and more towards domestic demand. where does the property market and sector fit into that effort? enda: property activity it makes up between 20% to 25% of the economic activity. a lot of outsiders have been watching and waiting for when china would make real steps to revive the property sector which has been in a slump for years. it looks like we

enda: there's a lot of uncertainty, last year the story was, inflation is slowing dramatically. that was fairly well shattered in the first three months of this year. then you go into policy and certainty lesson six months out from the election, very hawkish trade policies on both sides. a lot of economies say it is inflationary. and the ongoing geopolitical supply chain story has not gone away either. there's plenty of structural issues for the fed to worry about. retail sales slower than expected, consumer sentiment also softening. haidi: those retail sales talking about that weakness, wind we need to be concerned that the optimist him around a inflation also translates into a broader economic slowdown, and that becomes the bigger focus? enda: we are getting evidence at the margins, retail sales for april suggesting a pullback on discretionary spending in particular. people are spending on gas and food, an indication they're pulling back their spending. the soft retail sales numbers on the back of weakening consumer sentiment and on the back of the fed data speaking to record

enda: highly symbolic he went to the embassy.d that nato strike several times in speeches and some analysts interpret it as the reason they have made that alliance with russia and that does make the point that president xi wants to pitch an alternative to the u.s. lead a security order. he is saying there is an alternative and that is why they have been offering china's alternative to that popping up in the middle east. arranging the no limits agreement with russia and now they are arriving in serbia and using the embassy as an american mistake. it does go beyond trade investment and is about pitching china as an alternative in the global security order. annmarie: in april of year emmanuel macron came back from china and gave an interview to politico. and that he talked about strategic autonomy. not to follow the united states when it comes to europe's relationship with china. what kind emmanuel macron did xi jinping get this time around? enda: this is where there seems to be inconsistency between europe and the u.s. in inconsist

of human... nature, like the karamazov brothers or demons, this is how the japanese writer shusaku endaor the nobel prize in literature, wrote about dostoevsky in es. hello, today we are gathering our thoughts about the influence of fyodor mikhailovich dostoevsky on world literature and culture in the 20th century. ekaterina evgenievna dmitrieva, corresponding member of the russian academy of sciences, head of the department of russian classical literature of the institute. my dear teacher palovich vyazimsky once said or repeats that in russian national literature there are three giants, not just a genius, but a giant, and he says that this is a unique situation, since in national literatures, at least european ones, there is either one person or one book, well, for the english it’s shakespeare, for the spaniards it’s don quixote and so on, so in russian literature in one century there are three giants, as yuri pavlovich says, dostoevsky, tolstoy is half. chekhov, because chekhov is a playwright on a global scale, how much are you ready to agree with this assessment? well, probably, if

so we know that enda needs to build their infrastructure. we know they're going to grow earnings about 15% over the next couple of years. maybe even more, tyler, depending on the margin story. but the sale side is going to be very powerful. that's because of the fiscal stimulus that has been put in place. i like it very much. the etf is behind the s & p 500 in terms of year to date performance, i think it can play catch up, so it's a long term theme for me. >> interesting to see what will happen with target later this week. wal-mart grew a lot of attention and praise last week. target. >> so i own target. i like target. i like this announcement. they're announcing lowering prices on 5,000 goods items. i think they're going on the offensive. and balancing profit versus growth. i don't think we're going to see that same growth this quarter. it's all about operating margins. if this company can get back to 6% operating margins that will get you something like 10, 15, $11 a share in earnings. that means the stock is trading at 15 times. ten mult

enda kenny, get your bearings in those terrifying moments, but this is what people here britain near the valley view area of texas are left to clean up this afternoon. fredricka. oh, my goodness. alright. ad was checking with elisa because there are still threats of more severe weather. what are some of the areas that have to look out today? yeah. the same system moving east. we've got areas in the midwest, in the ohio valley you're under risk right now after seeing these images yesterday, this was near wichita falls, northern texas. i mean, classic textbook tornadoes that came out of these super cells. this is where ed just was. they are north of dallas where those tornadoes really ripped through another long stretch from oklahoma into northern in arkansas. we were where we know there's also a lot of damage, a lot of surveys going on today to figure out exactly how strong these tornadoes were. at least 25 reported tornadoes right now, here's the latest watch you can see it includes parts of kentucky and tennessee, including nashville, louisville. this goes until 3:00 central time an

taoiseach, varadkar became, the taoiseach, that there was actually conversations happening between endarn ireland to try and make things work after brexit. now, don't get me wrong, enda was totally vehemently opposed to brexit, but when it happened , he brexit, but when it happened, he he accepted that it had happened and there was a need to find solutions for the island of ireland, but when leo varadkar came in, that all changed of course. and then it was no . so course. and then it was no. so everything has to be european, despite the fact ruth and our listeners and our viewers may not realise this. there is a common travel area between the whole of the island of ireland and the mainland. >> that's absolutely true . and i >> that's absolutely true. and i think people don't realise how dependent ireland is on england for other reasons, pragmatic reasons like and security . sure, reasons like and security. sure, the irish have not thought through security. the russians are sniffing around, the russians are sniffing around the undersea cables, and the irish are saying there's no problem.