you might guess that garfield means something there and she's a garfield next is james earl carter. where are you, james? you are. he's the only member here i think. who's in the white house. and so he may have. a few things to say about that. george here on my right, as you might guess, is a cleveland ulysses grant deeds. now, wonder who he is and richard gadiel, who is the oldest, whose ancestor is the earliest of presidents get of that trouble. get out of that trouble is monroe all the way back to monroe and monroe actually is featured our morning talks of the monroe doctrine and i'm tweed roosevelt should have started i suppose with me i'm tweed i'm a great grandson. theodore roosevelt. i'm you know the what do i call the chairman of the school and a professor at nyu and? just delighted about it. elihu i won't go on about it's just a fabulous school it is being turned from an almost dead private small private here on long island and they had the good fortune. i don't want to sound like i'm sort really groveling here too much, but anyway, we had the good fortune of having kim kli

is garfield's death and a little bit of chester arthur because i think that's really the garfield's the last of the republican presidents who i think had a chance to do something different who might have who thought he could do something different. i mean to me the break there was with the end of garfield i mean we're moving into the world of chester arthur and grover cleveland we're moving into a world where it's it's a republic and party that has has i think, accepted, accepted all of the things we've been talking about. i think garfield was the last republican president of that generation who actually saw himself connected. still to what we might see as more of lincoln grant. i don't see that. i don't see that afterwards and i think that's i think that's important. but i think always there are many different ways to define end point. there was a part of me that wanted to go all the way to theodore roosevelt, but but i think that would diminish the point about this republican moment and the republican party of this moment and the political structure of of this moment. thanks for your

garfield: the fed faces the same conundrum. jay powell, after the last meeting where they did hike, he said they expect what is happening in the banking sector will act to slow the economy because it will spread pain. the fed got a shot across its bow from that crisis, along the lines with they want to be careful not to break the economy. they want to slow things down but not bring them crashing down. that is the point all central banks in the hiking cycles, we have the bank of canada on the sidelines, now a second bank, the rba, on the sidelines. it will be interesting to see what new zealand does tomorrow. they are expected to hike but slow the pace of hikes. what will they say about the terminal rate? what is going into its calculations? there have been worrying signs about the new zealand economy, slower growth profiles, an increase in mortgage arrears. if we get another expression of extreme concern that we are close to breaking things beyond the point that we need to come that would give encouragement to the idea that the

she at o'hare lived in garfield park lowest life expectancy neighbor. the west side took the bus to the train to o'hare, worked at the baggage handler because of her condition, asked her employer to wear a mask. i'm going back to what you talked about. the working conditions. i was not allowed to wear a mask caught covid somewhere along the way. her whole family got covid in and and then we saw the disproportionate impact. and then i will say the first 100 deaths in chicago, 70 were in black people. the mayor said it took my breath away and then called and together a racial equity rapid response that i got to had the honor to sit on to actually address the community conditions, try to address them that were causing the health outcomes that dr. fischer talks about. and so dr. angela, could you actually expand on that? and us a little bit about what you know came from that task force? like what were the specific measurable metric x you knew you could go after to improve, you know, if a pandemic gives you an epidemic of any sort, gives you no time, you've

shery: garfield reynolds, bloomberg's chief writz correspondent, and mliv contributor.oining us from sydney with a preview of what to expect from the major central banks in the next two weeks. now let's get to paul allen with the first word headlines. oliver: house republicans have challenged the u.s. senate to pass a debt limit bill of its own, seeking to maintain pressure on president biden to hold talks on spending cuts. the senate is yet to pass any bill on the borrowing limit. the stalemate of washington risks is pushing the treasury towards u.s. payments the phone as soon as june. >> if they have a better idea, i want to see that and tell them to pass the bill through the senate. paul: india's capital markets regulator has urged the country's top court to give it six more months to complete its inquiry to short-seller hindenburg's allegations against billionaire gautam adani's conglomerate. it was said to file a status report on tuesday, but once time to verify information collected from entities including publicly listed adani companies. adani says he welcomes th

garfield reynolds, maybe another tiger dad, would you think, garf? garfield: well, as far as what were watching for in asia, potential downturn for the rba and what it will do, um, so so the jobs numbers come out here and there is the potential it will cement the idea that the rba is done. there will be some encouragement from the fed, the noticeable cooling, especially in the longer-term outlook, but that has the potential to create some volatility, and more broadly, i do wonder if risk sentiment will be how strong the concern was within the fed come in the fed staff, that the u.s. is heading for a recession. they are now forecasting a recession them and yet, the policymakers and the people who decide what is going to go on, they are strongly biased mostly towards at least one more hike in towards fighting inflation which was pointed to is still far too sticky, and it underscores that concern that the fed will go on hiking, go on being, you know, sufficiently tough until it does push the u.s. into a recession, and once you get a recession going off,

garfield: may is very much consensus. it was already consensus for market that there will be 25 basis points in may with the possibility of another 25 basis points in june. that is on the table as far as markets are concerned. it was significant the way that we had a rafter fed officials overnight, that's almost it before we go into the client time leading into the fomc for the beginning of may. they wanted to leave us with an impression that, yes, rates are going to go up. absent a repeat of the collapse or something similar, the fed is going to hike. there is no real data that's going to be strong enough between now and then for them to do otherwise. as i said, they've left us with a very clear message. the interest rates need to go higher because inflation remains sticky. probably you would expect, coming out of the meeting, that they will say again, we acknowledge the risks that the banking crisis has caused strains to the financial system. that will cause credit tightening. we expect some of that. that will get a sum

let's bring in chief rates correspondent garfield reynolds in sydney. i would be the worst trader ever at this moment, because i would assume now is the time to be shorting treasuries because of the run-up over the banking sector fears. as it seemed like the impulse to keep buying treasuries will stick around? >> it does seem rather like it will. part of the reason is that we're moving beyond the period where one, or a couple of data points or fed species can make a serious dent in the treasuries market. we already went through powell being extremely hawkish in his march testimony to congress. the bond market said the fed reroute will continue. banking fears hit. that turned the picture completely around. since then, there has been a steady drip of poor data, especially of frontrunning the jobs data. we had as you mentioned the services data this week. we also had the adp private payrolls report. that was a sign the job market is turning over. same for initial jobless claims. lots of moving parts in there. sort of thing that means even if you have got a

haidi: let's bring in chief rates correspondent for asia garfield reynolds. how are you processing the implications for risk assets for broader markets and policymakers if it creates an inflationary push, as expected? garfield: i think it is definitely adding to some of the concerns that markets have gotten ahead of themselves in pricing for policymakers, particularly,, the federal reserve, to switch rapidly to rate cuts. this in some ways, brings forward some expectations for both supply and also for price. that the market had for later on in the year two get to more immediate. so, i think once the initial shock fades, you mentioned all of the factors that help add to the shock. i think then you will see oil come back down a bit. i think it's noticeable. at least so far, you have treasury futures. they are only down modestly. about 1/8 this morning. the aussie dollar, commodity currency jumped early. but it's back to flat. so, looking longer-term, the implications might not be that strong. but, short-term, it is hitting a situation where everyone was selling

although volatility, garfield. think it will be plenty of volatility because there is a lot of positioning on a lot of concern about dislocated markets because of the impact of years and years of quantitative easing, so large amounts of government that is owned by central banks, so that is causing its own difficulties. there's also a new battleground opening up, which is a lot of bond investors are convinced one central-bank stop hiking, they will soon have to turn around and cut the fed being a prime example where there still an expectation of a hike in may but then from that may hide, the fed rate is seen as being 75 basis points lower than where will be after may by the end of the year. so, one high, three cuts. there's a lot of central banks we are seeing doing similar in central banker after central banker whether they have pause or otherwise, they've been pushing back against that. you look at south korea earlier this week in our region where they held as expected. but they did leave the door open to another

garfield: possibly.isks that might be underestimating it somewhat -- they might be underestimating it somewhat. then again, the calculation is that if the rba does have a rate hike in them today, that is likely to be the last one. in particular because we have got markets so very prepared for a hold, a hike today would be quite disruptive. you might actually find that longer-term bonds for example do very well. if not today, by the end of tomorrow. when investors factor in the potential that the rate hike, which most investors are effectively saying is not needed will drive the australian economy as swati was talking about, closer to a recession. yvonne: you've been writing about this as well. our treasuries still the way to assess where we are in this global economy? given what we've been seeing with qe, our treasuries your best friend when it comes to gauging where we are in this cycle? garfield: well, yes. i have always tended to do so, to look at treasuries as the lodestone of the market. this year h

garfield reynolds joins is now.we know he will likely take a conservative, slow approach when it comes to policy-setting and how he navigates this new role, so how do the markets play this? garfield: well, the markets are playing as they were before the change happened with strong expectations that there will be a shift and may be at this meeting, but perhaps that the door will be opened a crack towards a shift. we have this enduring inflation now, some rumblings from japanese politics and society, the japanese are getting restive about how high inflation is him and also how low the yen is or has been. there was more yen weakness earlier in the week. anytime u.s. yields go up, the yen drops, so given all of that, it is understandable investors would rather sooner rather than later that the boj shifts, and an appreciation if they don't ship sooner and they wait, then they run into the potential of the u.s. will be heading into recession and u.s. yields will be coming down on the one hand, making it easier to move bec

as garfield reynolds said, we could be in the eye of the storm.kets go back up and now we have opec coming out giving their view, that they are expecting a slowdown, expecting lower consumption. we are now probably about to enter into a very short term down like again and it is just this constant trade-off between waves of bad news, reaction to bad news and then more bad news. i think the outlook is that these things will keep coming out now because they are so embedded. because we have had a year of pretty irresponsible policy. all of the damage they have done is now starting -- starting to show up. shery: what happens to the japanese yen? when we had banking turmoil it started acting as a haven asset. we saw the japanese yen strength and despite the boj weakening it against the u.s. dollar. at the same time we are talking about all of this volatility when japan is a major oil exporter. we are seeing downside pressure again. where does japanese currency go from here? paul: like anything else it will move in a volatile direction. one thing we are

let's bring in garfield rentals. i'm wondering how interesting this week could get. >> that is a wildcard in a lot of ways. we will see if ueda can be less volatile than his predecessor. we had those meetings straddling the year end period last year. tweak your control and reimpose it. there is a lot at stake there. a lot of people have been betting that they will be forced to tweak. overall the expectation is that they will leave settings as they are. what do they say going forward? what do they say about what would be the way in which it would look at unwinding some of the extreme easing they have got going? what would be the timetable? how will that fit in with everything going on internationally? vonnie: in the u.s. we have the two year at 418 with a lot of data this week. first quarter gdp reading, core expectations. will there be volatility in the bond market? >> the bond market is in this uneasy calm at the moment. the fed is in its quiet period leading into next week's fed meeting, and fed speakers at the end

garfield reynolds has the latest on this. what does it say about their interim view on china's recovery? i think it says the pboc is quietly confident, or maybe not so quietly confident, that it has the right mix of policy tools set up to encourage this china rebound without allowing things to get too far too fast. china has a situation where it is still dealing with over leveraging in the property sector, that's a burden that will haunt the economy for some time to come. it doesn't want to add fresh horrors on top of that, but he wants to make sure it helps the economy to grow at the sort of level china is aiming for, about 5% per year. when they came out that, there was disappointment they were not as euphoric as they might have been. it is a measured approach. they don't want any nasty surprises brewing from this economic recovery, but they want to be doing enough. that's what the pboc is aiming to do with this sort of a mix of things. keep stimulating but pull that back a little bit. we had 10 year yields fall to the lowe

. >> let's get to garfield reynolds, who joins us out of tokyo. how do you read this? clearly he is treading very very carefully. >> i mean, you think of the way he was employed -- appointed, and the way his counterpart was appointed, shinzo abe appointed the former -- his predecessor, to end the inflationary mindset. a decade later we have him appointed by a government that wants a steady hand. it does not want any sudden moves, it does not want disruption. new eta has come in and given them exactly that. -- they have an agreement with the government that there is no need to alter the current accord under which the bank of japan operates, and so, everything is fine. everything can stay where it is because it is -- appropriate. the deflationary mindset has been almost inundated japan has inflation but they don't see it getting out of control, so those bets on a rapid move to and curve control or remove the negative benchmark rate, those are all pushed to one side. we will see to what extent developments both domestically and globally in particulate, allow them to chart

i was just in mentor, ohio on a for a family birthday and the james garfield national historic site ishosting one this year. we'll probably have some snow. let's talk about most recent presidents. two terms of the obama administration. they had young children themselves. how did the obamas use it or host the white house easter egg? well, the the president played basketball. he's a huge fan of basketball. he played basketball with the children on the white basketball court and the first lady, really throughout her time as first lady, was interested in promoting and acting active, healthy lifestyle through good nutrition and exercise. and she started something called the let's move campaign in order to get kids to do that more readily. and they included that in the easter egg rolls during their year. so they had an obstacle and other just fun active games. so the most current president the trump family they've had one easter egg roll so far. what have you observed about how they're hosting? sure. well, with a little bit of a smaller sample size, they've also taken a really active involve

the recent winner of the chicago prize is west garfield park, and that's a community that has not had investment for 50 years. there's 17,000 people that live in that neighborhood. they don't have any health care. in partnership with rush and with erie, which is a great federally qualified health clinic, we are building and creating both a health clinic, community services, and, hopefully, there will be a new grocery store in that community. our goal in investing in these types of communities -- the first chicago prize went to auburn gresham -- is to be a catalyst for additional investment in these underserved communities. the other area is workforce and skills development that we are really interested in helping people get the skills they need to be successful. a♪ david: you now have psp partners and you are making investments. among other things, you are building real estate companies and you are doing things with other women in some cases. you built a company in real estate with another woman. is it important for you to have women in business? are you trying to be a role model? hav

paul: garfield reynolds. plenty more to come on daybreak asia. stay with us.u know you can get someone to shop for you? with stitch fix, it couldn't be easier. i share my style, size and budget. and they shop just for me. my shopper sends me stuff i feel good in. i keep what works, and send back the rest. stitch fix. shery: evergrande has extended a deadline for investors to vote on the restructuring plan after failing to win enough support for the massive overhaul. holders of 77% of their offshore bonds back to the plan but only 30% of classic see holders endorsed it. kevin joins us from hong kong and what is next? >> the deadline will now last another three weeks for creditors to see there was support for the proposals. on the whole the results weren't bad. 77% of class a holders, largely dollar bondholders from evergrande back the proposal but only 30% of class c that. a lot of it is loans and repurchase obligations. that is where the focus will be the next few weeks, trying to get holders of that debt to get back and support the deal. paul: the deadline pu

yvonne: garfield reynolds with our top market story today. we are watching president donald trump back in florida where he is expected to speak in the next hour or so. he pleaded not guilty in the new york courtroom to 34 counts of falsifying business records. let's go to simone foxman in new york. we finally have details of these charges against the former president. what are we expecting him to say? >> we are expecting him to reiterate what he said earlier, but he is not guilty. these were 34 counts a false the records. according to the prosecutors, these business records were falsified in furtherance of what they say is an election crime, as well as mischaracterizing tax filings. they said the hush-money payments made to porn star stormy daniels the head of the 2016 election by michael: -- michael cohen was an attempt to try to violate federal and state election laws. proving that will be out of order. it is much easier to bring cases under indictment but it is harder to get a conviction. shirley trump team will argue that, it was not in v

with us now is garfield reynolds.e saw on the back of these rising yields, the recovery of the dollar as well. does it mean we change the picture in market pricing? >> i think what it does, the drumbeat of fed officials talking about how they are not satisfied they have done everything they need to do, is it puts back on the table the potential that we go more than one rate hike from here. it becomes more of a two way bid, as it were. we have had a strong consensus that if they do hike in may or june, that will be one and done. but when we've got recovering data going on, we've got the continuing reduction in concerns about the impact of last month's banking woes and sticky inflation. jobs numbers that came out this month and the cpi that came out did very littleocymaket inflation is necessarily going to come down sustainably to the levels they want. in that situation, you have to put at least a chance of fresh hikes beyond may back on the table so far, it is just a this digital signal that maybe june might go higher.

shery: garfield reynolds, our chief correspondent for asia with the macro picture right now. concerns are leading to pressure on will prices and that pause to this year's gizzarelli after the surprise opec+ output cut. saudi arabia hiking will prices in asia. price she's seen by bloomberg indicated aramco raised white crude by $.30 a barrel. for more, let us bring in su keenan in new york. su: we know this is coming as a surprise to asia customers. first of all, there was the big surprise when opec+ announced a cut nobody saw coming, and a lot of asian customers -- asia is the biggest market for opec+ oil, they were expecting a price cut of $.40 a barrel, and now they are getting an increase. raising by about $.30 a barrel. this shows according to the analysts we have spoken to that despite production cuts, saudi arabia announced because they are the biggest of the producers , and they had one of the biggest cuts. they are still expecting strong asian demand. what we also know is the producers maintaining prices for customers in northwest europe and mediterranean. aramco sell

but then you go to other parts of city, like garfield park, 146 per 100 thousand is the murder race that rivals some the most dangerous cities in the world. it is really a tale of two cities within chicago, i think that democrats will stick to parts nice and rich and overwhelmingly present a good impact, t -- and stay away from the other parts if anything, that really sums up modern democratic elite in a nutshell. places that shull actually live under there progressive policies don't look great but they have their elet bubbled protected well. kennedy: i disagree, i don't disagree with you. i think they should go to the parts in need, go big or go home, if you are doing it be honest, let people know what you are working with and preach to those people and ask them how some horrible policies vim packed their lives -- have impacted their lives, you are right they will tuck the tail and they will go hump will the legs of rich chicagoans. kennedy: thank you, jason, doug and brad. >> thank you. kennedy: woo. coming up pentagon doing damage control after worst u.s. intel leak in decades, presid

entire family to the hospital in serious to critical condition on a sunday afternoon in the west garfieldk neighborhood. the mother was driving with her three kids in their pickup truck when a car blew through an intersection and slammed into the truck sending it into a tree. that hyundai was stolen and the 14 and 17-year-old boys inside were taken into custody. in the back seat of the truck was a 6-month-old whose skull was fractured in the crash. he died from the swelling in his brain. mom and two sisters 17 and 15. the teens cashed into them and have only been charged with one count each of criminal trespassing, a misdemeanor that carries is maximum punishment of six months in jail. compare it to a manslaughter charge in illinois which would be up to five years in jail. additional charges could be added as the investigation continues. on a gofundme page the family says they're devastated about losing their baby boy and raised nearly $40,000 to pay for his funeral and help with medical costs for his mom and sisters. >> dana: i'm so sorry to hear that. thank you. >> bill: here in new yor

then congressman james garfield argued it was too soon, quote, for a negro, closed quote, to join the congress and seat should be declared vacant to save the $5,000 salary. as a result, mr. menard was never seated and his constituents were denied representation until the next election. it is both disheartening and infuriating that even after more than 150 years since the end of the civil war, we continue to grapple with the same injustices that have plagued our nation's since its inception. racism remains deeply entrenched in our society and the expulsion of the representative justin jones and representative justin pearson in tennessee is a stark remind that are our struggle for equality, justice and fair representation is far from over. we as a nation have not made as much progress as we should have, despite the countless sacrifices of our forbearers. black people in america continue to face systemic oppression and are silenced in various forms. the legacy of slavery, segregation, sedition and racial violence casts a long shadow over our society. however, it is in the face of adversi

until finally, garfield was assassinated by a disappointed job seeker and that was the scandal that propelled pendleton act of 18 83 which created a merit system. it was not a system of tenure. there would be tests, the top takers on the test would be eligible to be picked for the job. jobs were not handed out as a property rights. they were not spoils anymore. then the next president came in and said, you can get permanent jobs. i am going to have all my friends get permanent jobs. so they blanketed in permanent jobs and then teddy roosevelt comes and says this is crazy. so then he got another rule put in that kept -- that allow the president to hold people accountable but there was a speedbump, in 1912, a speedbump where if somebody thought they were fire for political reasons they could complain to the commission which would have authority to overturn the decision. but it was not a trial, just a judgment. so things kind of were ok and stable for a while. and then the 1960's happened. susan: in 1936 you write that political activities, congress got alarmed -- we hear about the hatch act all

in my mind, her owner is jon from the garfield comics. patches is just like, mondays am i right? snack foods. a new healthy diet, her journey. reggie: meals. drew: w gives me food? kumasi: seven things you need to know today. [indiscernible] kumasi: here are seven things to know this morning. the man accused of being the getaway driver in a deadly shooting at home depot in pleasanton is due in court this morning. court documents show the other suspect told investing it or she fired the gun to the newly after the victim tried to take a stolen item from her hands. reggie: two bay area congressmen are calling for the puppet of justice to investigate the antioch police department's texting scandal. a civil rights attorney filed a federal lawsuit. kumasi: today the supreme court is excited to decide whether to reserve axis to a widely used abortion medication. legal chaengeproval couldestrice close to officially announcing his reelection campaign. we learned tuesday is the likely day. it would be exactly four years since he last -- lost his last campaign. drew: a warm day on the way a

so let's take it right now live to madison alworth at a store location in garfield, new jersey, a walmart i guess, madison, more about the state of the economy through the prism of america's biggest store. >> reporter: yeah, liz, that's absolutely right. you know, when walmart speaks, other businesses listen, we listen because walmart, as you mentioned,dest retailer and largest employer in america. so they really are that recession gauge. and, unfortunately, they're saying that inflation is here to stay. here to stay. the cfo saying, quote: we're assuming that this year is going to be somewhat anomalous. the company is still feeling the effects of higher prices. that's something that customers that we spoke to here at this walmart also had to say. >> changed what i buy. a lot less beef, i can tell you that right now. yeah, everything's gone up. >> budget is on a budget. [laughter] >> meat, eggs, milk, everything have increased a lot are. >> i've adjusted how i i purchase. now i kind of purchase when i need as opposed to purchasing in, you know, and keeping it. >> reporter: so walmart is a

instance, the response that the highland park community received is the response that austin or garfield park or roseland should receive, or anywhere else. there is a baseline of support with our school communities that we are creating systems care. sasha: ok. there are currently fewer than 60 officers in 40 schools. that is down from 180 officers in 2020, due to a push to reduce the policing of children and get officers off of campuses. what evidence do you have that would make schools safer? paul: running school districts for 20 years, i nearly had a school shooting. the officers were put in the schools because it was tilden in the 1970's had a school shooting. in new orleans, somebody came into an athletic game and basically sprayed the crowd with an oozy -- uzi. i believe police officers are there to direct shooters to not police the schools. when the schools have been, when officers have been improperly utilized by the principles, that is when you have problems. my opponent wants to fund the police. the chicago teachers union was extremely active in not only supporting defund the po

garfield. duke ellington. fats waller. george gershwin. dozens of hollywood screenwriters, producers and directors she can see them as both customers, real friends. she many of the great athletes of the era, this golden age of sports i learned much more about boxing than i thought i would. she becomes a favorite hostess of the yankee state team and madison square garden crowds, including entertaining luminaries like jack dempsey, joe dimaggio, who apparently asked for cotton sheets, did not care for the silk sheets because his knees kept slipping. i footnoted it. i don't know if it's actually true, but i do have a footnote behind that pseudo her brother becomes the after hours for the adventurous writers, actors and playwrights who at the algonquin hotel for lunch that is you know cultural influencers some of whom we remember like dorothy parker and george kaufman and robert benchley, their stamp of approval because they are clearly what we would now call cultural influencers brings along the big moneymen from madison avenue, park avenue,