jane frazier was on with sarah earlier, said bank stocks were under valid. a painful stock to own. but you're looking now to add more it goes right back to where we started this conversation at the top of the show. >> yeah, i mean, i started with the central big picture thesis of there is no recession imminent, and if that's the case, then the credit losses that people have been worried about on the consumer and corporate side are not imminent either, and i think, frankly, scott, that's why the market is reacting so positively to jamie dimon's comments because he has been kaucautious, right? six weeks ago he was very k cautious and it kind of roiled the markets. in the beginning of the pandemic, he was cautious. this is a guy who is appropriately cautious when things get uncertain, and now he's kind of getting a little positive, and frazier, too, you don't buy it >> maybe he's getting positive, maybe he's just not quite as negative as a lot of others. >> that matters. >> it's being perceived as positive, even though he would be the first to tell you how unce

with our brand-new commissioner frazier. upon commissioner morgan, myself and chief department of department in command. i'm the one that called for the reserves to give an update i wanted to share the information and it present now we have a new commissioner as limp i also have general questions and i like to hear a comment in i bit but your coordination of 20 weeks is that the training time? commander? buckley? >> yes. we break it down to the first -- 4 weeks is booked learning it is so now we will go over we are going over ics next week is -- water supply? ics, water supply and building construction and fire behavior and then the field work where they learn about the tool and apparatus with the fire department. >> i saw a slide of graduation. at the concollusion of the course well is a customerification or graduation in the fire reserves? >> correct. >> how dot members know when there is i thirds alarm >> we get texts. once they graduate they will be put in the system phone numbers and their providers put in the system an

jane frazier said the financial sanctions on many of russia's largest banks caused citigroup to exitn the country. powered my bimore than 2700 journalists and analysts in more than 120 countries. this is bloomberg. dani? dani: coming up, b.n.p. paribas posts a bumper set of first earnings. we'll have details next. this is bloomberg. dani: it is bloomberg daybreak europe. i'm dani burger in london. b.n.p. paribas reported a 19% year-on-year rise in first quarter net income beating estimates. the trading activities increased 48%. equities trading from 61%. the c.f.o. spoke to bloomberg. >> the growth is stemming from the fact that we entered the quarter with very risk averse positions on top of that, if you look in europe, there was a high demand for macro and all the rest. we were open to do that. more over indeed, we have been -- on activities in prime brokerages and prime equities. it is covering everything and that was strong demand in all of that. >> you note however an environment that is more contrasted in the short-term. what is the impact of the war in ukraine on your business

i want to congratulate again the presidio trust and jean frazier and michael bow lanfor extraordinary work for the city and for the presidio. i want to echo and this is said before. dan bernal, please thank your boss on behalf of all of us. she recognized and knew that this had to be a park and came up with the way to do that in very hostile conditions with tough republicans making it very hard along the way and her mentor phil burton and amy meyer thank you for all you did to create this regional park that we benefit from throughout the bay area. i had the opportunity to see this a few weeks ago. to see this work in progress almost done. i was stunned by the views. i want to thank all people who did so much work. landscape architects and plants and all of the people who delivered this here. i think my special role is to talk about the transportation project, too, big transportation project. it is a gorgeous park. there was a roadway running through here not too long ago. it used to divide the six acres of natural beauty and they are reconnected to another public space to enjoy the sh

i think you want to have frazier mother that morning. >>no one authorities also say she went to several banks to withdraw all $90,000 in cash. yes, i mean, they had they had plenty of k and their car at 2007 rust colored ford edge found in tennessee in a wooded area with a botched spray paint job. a tow truck company calling the car into investigators. we think that they were picked up and assistance. >>about someone that didn't realize i went by casey's attorneys office in lauderdale county, he was representing him in the alleged killing of connie ridgeway, asking him about his client's escape with changes of mix of the case. but as far as my representation of the changes and that their singleton also gave me a tour of the detention center here. a lot of noise levels. is that what that all were in may casey white and corrections officer vicky white escaped on april 29th cracks in the glass. now, you out right now. >>if i out. see within that for >>we clear out for point in career. if any more where he would have preparing for mean, put

joining me now is toby frazier unicef chief of communication and advocacy. toby, welcome.about our first lady jill biden who visited ukraine today. what does a visit like that to you for bringing attention to the vulnerable ukrainians? >> i mean, i think, first of all, we saw that the first lady was -- fortunately, a much further east in luhansk oblast. another school was hit today. [inaudible] we don't know how many civilians were killed. they are reportedly were -- it's just another horror story, essentially. on mother's day, of all days, when families should be together celebrating mother's day. yet again they are mourning the loss of family members and children. >> to that end, we know that more that 90,000 children, toby, or in orphanages and other institutions before the war began. what is your group doing to help these kids who need care and others who are traumatized and the little ones who have lost their parents because of the war? >> >> yes it is a massive challenge. it's a massive challenge. we have children who have had to flee their homes which in itself is t

what young darnell frazier a 17 year old volleyball and basketball player from from minneapolis, minnesota who promised on memorial day after a high school gathering as a bonfire that you take her little her little cousin for dessert at a place called cup foods. coming out of cut foods. she was the one who filmed the murder of george floyd for 10 minutes. you know when she was being threatened with mace and the officers had their hands on their weapons as they were looking her, you know, trying to intimidate her, but she wasn't intimidated. enough to put the phone down instead. she went back and she shared that tape. with everybody so i'm not sure we know who even who george floyd is without without darnella's bravery because there were many many other folks killed at the hands of police earlier that year. i think 13 in minnesota the year before and about 9 or 10 the year before that. so those are the the five events i think pre-covid. that have shaped the values of this generation. so one of the things i love about the book is it's so driven by the testimonies and the stories of young peo

investor conference those sent big bank stocks higher overall bank stocks are down 16% in 2022 but jane frazierup when she sat down with sara this morning at the world economic forum in davos. >> i think a number of them are undervalued but there's a lot of uncertainty out there at the moment as i say, we're seeing equities coming down anyway in the asset allocation of investors. but i personally, as you would expect, think there's quite a lot of upside there. >> a lot of uncertainty and storm clouds as jamie dimon put it maybe hanging over the economy, mike, but they do seem or jamie at least seems to be more than willing to be sort of more optimistic when it comes to his outlook for the consumer, particularly when you think about jpmorgan rolling out credit products. you don't necessarily roll out new credit products when you think there's an imminent slowdown or imminent recession coming. >> that's right. he certainly didn't flag any rapid erosion of customer credit experience right now so with the group down 30% off its highs, clearly it was discounting a high risk of an adverse economic sc

a teenager named darnella frazier recorded cell phone video of their actions and helped spark globals demanding justice. derek chauvin was sentenced to 22.5 years in prison for murdering george floyd. three other former minneapolis police officers were found guilty of violating floyd's civil rights as they ignored his repeated pleas of "i can't breathe." today we remember george floyd, the man himself and his impact. he died in minneapolis but he spent much of his life in houston, texas, where he is remembered for his efforts to break the cycle of violence in his community by mentoring young men. this social media post from george floyd, in his own words, captures the type of outreach he did. >> i want to speak to y'all real quick. i want to say i've got my shortcomings and flaws, but the shooting that is going on, i don't care what religion you're from, where you're at, man, put the guns down, man. that ain't what it is. you got parents out here bearing their kids. think about it. love y'all. amy: george floyd in his own words, repeated those words over and over as a greeting as a g

have to work together as you move out of range until each member of one person team can be crowned frazier screaming now only on fox news, america's biggest dreams. that's one thing to watch for. it's in the basic right until meat then bones. you know lawrence jones you know lawrence jones breakwhat's it like having xfinity internet? it's beyond gig-speed fast. so gaming with your niece, has never felt more intense. hey what does this button do? no, don't! we're talking supersonic wi-fi. three times the bandwidth and the power to connect hundreds of devices at once. that's powerful. couldn't said it better myself. you just did. unbeatable internet from xfinity. made to do anything so you can do anything. whoa. when it comes to cybersecurity, the biggest threats don't always strike the biggest targets. so help safeguard your small business with comcast business securityedge™ it's advanced security that continuously scans for threats and helps protect every connected device. the choice is clear. get unbeatable business solutions from the most innovative company. so you can be ready for what'

another question from michael frazier. to what extent did the presidents play the tape?>> another great question. it's hard to know. we suspect that they probably were not because, especially if you think about kennedy in the middle of the cuban missile crisis, who knows how it's going to come out? it's hard to really make the call as to what to tape and whatnot to tape, knowing what is going to make you look good in the end, if this does become a public. there is some evidence that kennedy was going to use these materials in realtime, that's what we had thought. bobby has certainly listen to them by 1963 and we think that jfk was going to use them in the course of his campaign, or at least draw on them for his campaign in 1964. again, it is hard to know what is going to make you look good. also, certainly for nixon, since it is voice activated, in a spur of the moment it is tough to buy for kate and go back and tell yourself to listen. with kennedy and johnson, yes, they are manually operated so they are aware of themselves taping. but i think the more significant concl

there is hope that change will come, but it will take time. nonetheless, his re election must have frazier frustrated. that new intake of m. p 's, who a part of the country is protest movement. yes, they're not under any illusion that this is going to be an easy fight. they know that this is going to be a tough battle. they marched their way towards the parliament. they visited the center of the protest movement, martha square. they went to the bay with port at the sight of that major blast, 2 years ago, which killed more than 200 people. they called for democracy, the rule of law. yes. lebanon is a parliamentary democracy. but the politicians, the mainly sectarian political parties, they operate outside the framework of the states outside the framework of the law. in fact, there is stronger than the state, so they're not under any illusion that this is going to be an easy fight. and for the 1st time we saw them walk and make their way into parliament. security forces actually allowed them in because these were the same protesters who for months demonstrated outside parliament, tried to st

this is from paul mayer, adjunct professor of political studies at simon frazier university. doesn't the open door policy regarding new members go back to article ten of the 1949 north atlantic treaty? certainly an important historical question. from scott chesley, program manager who had been an afghan between 1995 1997, how should we even be approaching negotiation with a clearly totalitarian, ruthless eternal leader, completely different from many decades predecessors? here's a question from ted laying, wilson fellow. robert's alec did an event a few days ago, i think i'd be fair to say that he scoffed at the idea that western players never pledged not enlarge nato. for example, he said, by way of paraphrase, that we shouldn't forget that putin was a kgb officer and skill that disinformation. however, what you have described shows that the issue was more complicated. so, my question is, have you found a new research that western participants in the negotiations are now being misleading? that's an important question, because some of the history of nato enlargement has been

. >> reporter: ken frazier is the executive chairman and former c.e.o. of merk.ive to eliminate the college requirement from as many of their jobs as possible. >> when i became c.e.o. in 2012, we looked at every singler your ski so it teat w over 90% of college degrees is less than 50%. >> wow! >> for example, labs and things of that nature don't need a college degree in philosophy in order to do the job. >> obviously, you're not doing this because it's the right thing to do, there must be something in it for the corporations. >> absolutely. this is not philanthropy. at the end of the day, we have people who you can retain longer because they're incredibly loyal they're hardworking. >> and the data has shown that their performance is equal to those with a four year degree. >> but wait a minute, a college degree means you know how to apportion your time and work with others. >> it does, but there are studies that show people who have the right skills training are five times more likely to succeed in the job than those who have a college degree. it's counter-intuit

i want to congratulate again the presidio trust and jean frazier and michael bow lanfor extraordinary work for the city and for the presidio. i want to echo and this is said before. dan bernal, please thank your boss on behalf of all of us. she recognized and knew that this had to be a park and came up with the way to do that in very hostile conditions with tough republicans making it very hard along the way and her mentor phil burton and amy meyer thank you for all you did to create this regional park that we benefit from throughout the bay area. i had the opportunity to see this a few weeks ago. to see this work in progress almost done. i was stunned by the views. i want to thank all people who did so much work. landscape architects and plants and all of the people who delivered this here. i think my special role is to talk about the transportation project, too, big transportation project. it is a gorgeous park. there was a roadway running through here not too long ago. it used to divide the six acres of natural beauty and they are reconnected to another public space to enjoy the sh

how do you see inflation moderating especially given the risks around food which jane frazier told thus, so, it depends which inflation measure for which commodity, okay, so the grain segment of the commodities market has been obviously, you know, very strong of late for the reasons that you're suggesting energy prices rolling over, we're seeing some economic data coming in a touch below expectations supporting the view that inflation is beginning to plateau, potentially roll over, as economic activity plateaus and shows some signs of rolling over the market's been pretty clear about pricing in the fed funds futures curve that's suggesting fed funds, you know, begin to continue to move higher into the first part of 2023 the point here that as you begin to see inflation indicators plateau or begin to weaken, you take some of the pressure off the view that the fed's going to have to tighten further and -- higher and longer, and that sets up for the relief valve in the market that helps explain what we've been seeing in the past few days >> scott thanks for that good to see you. have a gre

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