this is ge aerospace, advancing flight for future generations. this is the next generation of ge.mr. putin has proven he is not willing to negotiate an end to the war. president zelenskyy said he wants eventually to get to eight negotiated settlement, now is not the time -- get to a negotiated settlement, now is not the time. we are going tuesday focused on ukraine's defending themselves against threats. jonathan: joe kirby, the national security council in the last 24 hours. here is the price action going into a little bit of data later on this morning. we get the ppi data. futures up by one third. the latest reporting from senator cinema saying she is switching from democrat to independent. she says she is switching party affiliation but won't caucus with the republicans. lisa: unclear what this means in terms of the balance of the votes and will she run for reelection. do you need the party system to back you if you hope to get elected or can you run effectively as an independent and win. jonathan: in your city, -- in a new york city, and maria stopping by. -- anne-marie is sto

this is ge aerospace, advancing flight for future generations. this is the next generation of ge.uy: big next week -- ecb, bank of england and cpi. before we talk about that, let's talk about what we were discussing with lizzy burden, the benefits of brexit. we have seen the announcements of the edinburgh reforms, not big bang 2.04 london. erik nielsen joins us now. our, you have some perspective -- erik, you have some perspective. brexit, positives and negatives, how do you think the ratio is right now? erik: paul negative for the u.k. -- all negative for the u.k. politically, it is going to miss. if you want anything positive, it is fair to say that the eu has get up so far in terms of decision-making without the u.k. the u.k. has already been more reluctant. some of the big decisions would be the perfect example, but europe is elusive on this so i do not want to make it sound like it is good for europe, but have to look personally positive, it is a disaster. sonali: what does that mean for asset prices here? if you're saying it is a disaster, what does it mean for currencies an

this is ge aerospace, advancing flight for future generations. this is the next generation of ge. >>> welcome back major development in the bahamas around former ftx ceo sam bankman-fried following the arrest last week we have mackenzie sigalos. >> we are expecting to see sam bankman-fried at 9:00 back in the court in the bahamas where he is due to wave extradition rights paving the way for federal authorities to return to the u.s. that is according to spokes people i spoke to this weekend this process can take months if not years to complete because the person who is accused of the crime has a chance to appeal this can expedite next steps and moving up the timeline for the federal trial. >> why has he done this total about-face on not fighting extradition? >> one former prosecutor atells me there wasn't much of a point in fighting it sam bankman-fried tried last week to get out on bail of that was not working he would have to wait it out in the correctional facility in the bahamas. the other question is did he cut a deal with the feds that is probably something unlikely unless it

this is ge aerospace, advancing flight for future generations. this is the next generation of ge. this is bloomberg markets, i'm alix steel. tc energy declared -- after an oil spill into a kansas creek forced the company to shut the line. our reporter is joining us now. how much oil was actually affected? >> that is the main question we are awaiting answers on. we don't know how much volume of crude was spilled or how long it is going to take before the line can be restarted. those are key points we are waiting clarity on from the company. alix: what happened? weeks typically happen. there is a lot of technology or drones that go and a lot of money goes into making sure this does not happen. what went wrong? >> again, we don't know the specifics of this incident yet. but we can tell you more broadly in the industry the way we detect leaks is based on a pressure system. when you have oil flowing through these pipelines, the way they detect a link -- a leak is when there is a sudden switch of the pressure and the flowrates that usually tips off the people in the control rooms to che

this is ge aerospace, advancing flight for future generations.his is the next generation of ge. >> we are not giving in to russia's manipulation. we need to stay form -- stay firm, stay the course, and continue to put pressure on the aggressive country russia. jonathon: that is the european commission executive vice president. good morning to you all. a sneak peek at the price action for you this thursday money. equities positive by two points on the s&p, up not even 0.1%. yields higher, 3.44 on a 10-year. euro-dollar doing absolutely nothing. tesla is negative by 2%. the latest reporting firm here at bloomberg. tesla was short production shifts at a shanghai factory as early as yesterday. the factory will work 29.5 hour shifts, down from 11.5 hour shifts. the scheduled change is to take place next week. according to a production schedule seen by us here at bloomberg news. lisa: to be fair, a tesla rep said that this was not true. this is one of a number of companies using lack of demand, not just the potential curbs with zero covid policy being

this is ge aerospace, advancing flight for future generations. this is the next generation of ge. this is bloomberg surveillance. tom is off, jon is preparing for the next hour. breaking news as we wait jobless claims. michael mckee graces us through the door as he prepares for that. markets trying to stage a little rebound, but it is meeker after a week of losses. five straight days seeing yields continue to creep up a little bit after having come down dramatically the past few weeks. let's get to michael mckee with the data. michael: we will make this fast. i know you've got breaking news right now. initial jobless claims coming in virtually unchanged from the prior week. 200 30,000, that was the expectation. not going to set anybody's hair on fire with those numbers. continuing claims did rise 1,671,000 compared to 1,608,000. shows that people are taking a little longer to find jobs. that number is still pretty low. overall, this report does not move the needle a lot on anything for the fed or the labor market. we have to caution this is the holiday period, it is hard to season

this is ge aerospace, advancing flight for future generations. this is the next generation of ge.atie: i'm katie greifeld. this is "bloomberg real yield." the global debt market saw 148 fundraising actions with bonds, loans and asset-backed securities were $75 billion hold in 2022. in the u.s., bond offerings dried up in december. volume set to finish down by 16% from 2021. j.p. morgan sold $3 million earlier this week to narrowly take the lead in the league tables for high-grade sales in 2022. we caught up with notable investor bruce richards from marathon calls for a recession in the second half of next year. that coupled with an earnings recession will start downgrades and a default cycle. bruce: we think will have a default rate of 10%. that is enormous because the high-yield market used to be a one .7 trillion dollar market and now it is a $5 trillion market, so 10% of that is whopping. for us to pick a quality portfolio of double b credits, loans, structured credit that yields 8%, 9%, 10% that will default and then you have a default cycle picking up and that allows you to p

this is ge aerospace, advancing flight for future generations.his is the next generation of ge. >> we are switching from recession pierced of inflation fears paired the bond market is telling you that inflation is a thing of the past and the fed has done too much. i think that is what likely drives trading in the next few months. jonathon: that was the investment -- that was the message. lisa: i would ask which bonds? is it uniform indexing or un-indexing? jonathon: they ultimately mean treasuries. it is part of a 60/40 portfolio. when it comes to credit, i hear a lot about investment gray. when it comes to high-yield, that's where there's a bigger conversation. the consensus on high-yield is the overall index has improved markedly compared to what was in years gone by. the argument would be because of those factors, if we get a recession or downturn, you don't get spreads as wide. the pushback comes from people who just think if we get a downturn, spreads are not going to wait for that. lisa: the problem is the right aspect will probably come do

this is ge aerospace, advancing flight for future generations. this is the next generation of ge.the struggle will define and what world our children and grandchildren will live, and then their grandchildren and children. it will define it will be a them -- if it will be a democracy for ukrainians and americans for all. this battle cannot be frozen or postponed. tom: a very interesting day, way out front on this story saying it was a stunned washington to learn that mr. zelenskyy would visit. what i noted and it was so important to allude to churchill and roosevelt floating off newfoundland where the united states had to simply say to britain we will be there. something like that happened yesterday. lisa: there was a pledge to help ukraine and continue helping ukraine no matter what not only to help in the war against russia but for some of the issues that he put out there for democracy. the question is the bill was delayed last night. the $45 billion in aid as part of the package getting caught up in washington, d.c. end of the year drama. we shall see. tom: part of the drama and

this is ge aerospace, advancing flight for future generations.his is the next generation of ge. sales tax automatically. avalarahhhhhh what if tax rates change? ahhhhhh filing sales tax returns? ahhhhhh business license guidance? ahhhhhh -cross-border sales? -ahhhhhh -item classification? -ahhhhhh does it connect with acc...? ahhhhhh ahhhhhh ahhhhhh >> we do not yet know how this is going to work out. is this going to be successful rejoining of the reality of the rest of the world? or is this going to lead to catastrophic delegitimizing performance of the chinese health care system? tim: this is bloomberg markets. i am tim stenovec with amber kanwar. that was larry summers on china's decision to abandon its covid zero stans. stephen engle explains the risk of dropping the policy and a quick manner. stephen: while hong kong has served as a blueprint for china's opening up from covid, it is also a huge cautionary tale. when the omicron variant swept through this modern city of 7.5 million earlier in the year, the city's sophisticated health care sy

that is tremendous relative performance, she likes what that says about ge's future ge is breaking up to be a big health care division. a lot of people talking about it look at the action ge to crucial fibonacci levels what are they? chartests love to measure swings to a given stock and run them through the fibonacci ratios and likely to change the trajectory. ge is stalling around the 50% retracem from the highs of december last year through lows of july. given this performance, it can push through this and if that happens, it could go all the way to 94 before hitting the next ceiling. wouldn't that be incredible to announce the breakup that nobody seems to like made sense and it doesn't hurt trading above the 200-day moving average and care about the stocks not many of them now to find here is the bottom line, the charts are interpreted by jessica suggest the broader market may be in for a bumpy ride as we exit bear market rally mode but she still likes it industrials in general and she likes general electric in particular, ge she's got a point. i like the ge restreakucturing health

larry culp is ceo of ge and ge aerospace. great to have you with us. >> thank you. >> of the challenges i mentioned, which do you see as the most consequential and how are you dealing with it? >> i would say the convergence of all of those challenges that have come together in the last couple years to make this the most daunting operating environment i've seen in my career. we power 3 out of every 4 commercial departures on a daily basis so we are working hard with our customers to return to flight and at the same time customers ramping production at a dramatic rate and we are keeping pace with them as well. we are doing all of that very much using the lean management principles that we have used over the last several years which help us enhance the safety and quality of what we do for our customers and improving our delivery and productivity performance. this is an exciting time we believe in the aerospace industry. we are pleased to play the role we do and look forward for the next several years to be part of that recovery.

this is ge aerospace, advancing flight for future generations. this is the next generation of ge. >> closing out the week on a low one. we are lower by 1% on the s&p 500. the futures are negative by 7/10 of 1%. adding to the losses over the last couple days, wednesday, thursday, and the bond market, to tens and thursdays. the two-year actually hasn't done a lot. over the past few days, it's around 420 five on a two-year. on a 10 year, bleeding just a little bit by five basis points. you want to see a move. look at europe. wow. yesterday, we had a monster move in italy by 30 basis points, and we are up another 20 on a 10 year to or. the 10 year is up 10 or 11 basis points. more to come. we are of 20 basis points just yesterday. that is the biggest move going back to 2008. how much further can they go before something breaks. we pointed this out, and we go back to that. the impossibility of a central bank ever moving above zero. here we are. going further and further, and nothing is broken. people are thinking, we may not have a soft landing. is that possible? >> i don't think it is

this is ge aerospace, advancing flight for future generations. this is the next generation of ge.nger is extraordinary. it can go on for years but this oil and gas thing, it looks like the europeans will get through it this winter but that problem will go on for years. i have to prepare for getting it -- for it getting worse. jonathan: from new york city this morning, good morning, cpi data is tomorrow morning then onto a federal reserve decision and equities are elevated by just a quarter of 1% on the s&p 500. the nasdaq is up by 0.30% and treasuries are up with the curve shifting lower. just a bit of curve flattening. tom: i will call it a resilient dollar. it's sort of like churning. jonathan: it's a massive turnaround from september for the euro-dollar. tom: is everybody shut down for the year? jonathan: after wednesday, i am out all stop i will take the rest of the year off. we will work it out. i did that last time in the bank of england hiked interest rates. after that, as far as the schedule is concerned, we are done . tom: we will break out the tang mimosas. we will talk

this is ge aerospace, advancing flight for future generations.s is the next generation of ge. >> what are the real needs of the country right now? making sure defense department and can deal with the major threat coming from russia and china, providing assistance for the ukrainians to defeat the russians. that is the number one priority of the united states right now. jonathan: president zelenskyy heading to washington, d.c.. that was senate minority leader mitch mcconnell from new york city. here is the s&p snapping a four day losing sheet -- losing streak. in the bond market, yields unchanged at 3.68. tesla up by 1%. it was up by more on the month with yesterday's losses by 8%, down 29% month to date. with all of this speculation with what will or not happened with the leadership at strattera at twitter and what it means for tesla. tom: i agree, what do they do today after the price action yesterday? jonathan: one report came through, tesla two of them a hiring freeze and another round of layoffs. these reports keep coming throughput but ed lud

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this is ge aerospace, advancing flight for future generations. this is the next generation of ge. two hours away from inflation data in america and 24 hours from the fed with equity futures shaping up as follows -- futures are positive. the move on the s&p 500 was the biggest daily move of the month so far3 in the bond. , just a little bit lower on the 10 year. down by 0.3% on the 30 year. euro-dollar looks a little something like this. that's the price action so let's get you the breaking news, the sec charging samuel bankman-fried with defrauding investors. they say he orchestrated a years long fraud to conceal from the ftx investor, the undisclosed diversion of ftx customer funds to alameda research. special treatment on the ftx platform including providing alameda with a virtually unlimited line of credit funded by the platforms customers and exempting alameda from several sec mitigation measures. undisclosed risk from the ftx exposure to alameda significant holdings of overvalued illiquid assets such as ftx affiliated tokens. they further allege sam bankman-fried used ftx cus

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this is ge aerospace, advancing flight for future generations.s is the next generation of ge. >> it's time for the bloomberg business flash, i'm lisa mateo. micron technology shares are down after the revenue forecast was weaker than expected. the biggest u.s. memory chipmaker will cut headcount to 10% in the coming year. it says layoffs will incur charges of $30 million. qatar dished out hundreds of billions of dollars to prepare for the world cup and early data suggests fans spent big as well. the official -- according to visa, fans spent 39% more in stadiums than they did at the 2018 world cup in russia. it includes spending through visa branded cards. the only ones except -- excepted in the venues. alphabet one the right to broadcast the national football league sunday ticket games with the season. the deal is valued more than $2 billion per year according to a person familiar with the negotiations, and fl sunday ticket will be available to serve subscribers on two of their businesses and at the latest bloomberg business flash. alix: thank yo

this is ge aerospace, advancing flight for future generations. the next generation of ge. >> looking at a live shot of the principal room, coming up dana peterson. this is bloomberg. ♪ alix: keeping you up today with news from around the world. president putin says russia has no limitations on military spending for the war in ukraine. he urged officials at the meeting in moscow to deliver on his goals with the invasion approaching its 11th month. they are -- the defense minister is calling to expand armed forces to ensure russia's security. president biden will unveil nearly $2 billion in assistance in announced moves to deliver a patriot missile battery to ukraine. the ukrainian president is in washington to meet with biden and address congress. it's his first trip outside ukraine since russia invaded in february. 4 million people honored argentina's world cup winning football team. lionel messi and his teammates were forced to fly overhead in helicopters rather than travel through the crowd in an open top bus. they confirmed players were flying

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this is ge aerospace, advancing flight for future generations.s is the next generation of ge. >>> welcome back to the show time for the "wex wrap-up. six stories as we close in on the 6:00 hour. china cutting traveling quarantine requirements for travelers next month. >>> and two of sam bankman-fried's colleagues pleadi pleading guilty and agreeing to cooperate. >>> ukrainian president volodymyr zelenskyy wrapping up the visit to washington, d.c. with the plea to congress to continue supporting his country's fight against russia. >>> sticking with congress chuck schumer says agreement on the $1.7 trillion spending bill could be reached this morning ahead of the midnight deadline >>> and under armour taps marriotti as the next ceo. >>> and netflix will build a production facility in new jersey the facility needs approvals from local and state officials >>> there are u.s. six trading days left for the worst year for the dow and s&p and nasdaq since 2008 let's see what 2023 is going to bring for investors. tim courtney is with us. tim, this is the t

this is ge aerospace, advancing flight for future generations.s is the next generation of ge. >> the lesson of 2022 was stagflation, bad for all financial assets even monitor these started to catch the knife for a little bit here toward the end of the year. as we move off the stagflation narrative, it does more favorably first up inflation is incredibly difficult to forecast but it seems like all indicators point to lower inflation in 2023. i think the tail risk we were experiencing in 20 gets chopped off next year and i think that matters a lot. alix: those are the expectations for the year ahead. what is your top call for 2023? jointing is now is lindaduessel. good to see you, your top call next year? >> i think next year will be a great year for bonds, high quality bonds. you cannot often say that, it's usually a boring area. you go to sleep at the beginning of the year and wake up at the end and you will be fine. the stock market is flat lots of volatility through the year. guy: the big thing around the stock market story for next year is tha

this is ge aerospace, advancing flight for future generations.s is the next generation of ge. >> it is time for the bloomberg business flash. it is amgen biggest acquisition ever, they've agreed to buy a verizon therapeutics for 27.8 billion dollars, that represents a 48% premium since the developer disclosed it was in talks with three potential buyers. the johnson & johnson unit dropped out of funding. bloomberg learned that aramco started talks with backers further hundred million dollars gas development. the company is seeking equity investors that could help fund the development of midstream and downstream projects. the project is key around strategy to diversify energy exports of the investment bank had private equity firm, bravo agreed to buy coupa software for 6.2 billion dollars, that represents a 77 percent premium to the california-based company's closing price on november the 22nd. prior to a bloomberg report on the potential sale. thoma bravo outbid others. that is the latest business flash. alix: it is 22 minutes past 7:00 on the wes

this is ge aerospace, advancing flight for future generations. this is the next generation of ge. you are looking at a live shot. coming out, fed president joining bloomberg for an exclusive interview, 3:30 p.m. new york time. this is bloomberg. keeping you up-to-date with news from around the world, here is the first word. in ukraine, a barrage of dozens of russian missiles knocked out power and water across the country. rockets slammed into a number of residential areas. the capital was targeted by 40 of them although ukraine's military says they shot down 37. the attack underscores russia's focus on damaging ukraine's energy infrastructure. a spreading covid outbreak has turned beijing into a ghost town. that underscores the cost of president xi jinping's sudden pivot away from covid zero. anecdotal evidence suggests entire families and offices have become infected in the span of just days. they could be a preview of what the rest of china faces. american nobel prize winner philip diebek faces a sexual harassment inquiry at washington university in st. louis. a former student i

this is ge aerospace, advancing flight for future generations. next generation of ge. >>> welcome back time for the "wex wrap-up" as we close in on the 6:00 hour. markets in asia closing lower after the bank of japan surprise policy shift >>> congress revealing the spending package days ahead of the deadline to reach a deal to avoid a shutdown. >>> lucid is raising $1.5 billion from a private sale of 86 million shares to the affiliate saudi public investment fund. it is up 4.3% in the early trade. >>> u.s. navy awarding aws a five-year license contract $760 million >>> and boeing 737 max expected to receive exemption from congress the rules would enforce a redesign and long certification delays for boeing. boeing is unchanged in extended trading. >>> despite worries in the economy, americans are not scrimping on christmas trees the prices can be shocking the national christmas tree association expects 21 million people are buying live trees on par with last ear as i said, i got sticker shock. >>> gearing up for the trading day ahead. we have hous

this is ge aerospace, advancing flight for future generations. this is the next generation of ge.unds.com powered by innovation refunds can help your business get a payroll tax refund, even if you got ppp and it only takes eight minutes to qualify. i went on their website, uploaded everything, and i was blown away by what they could do. getrefunds.com has helped businesses get over a billion dollars and we can help your business too. qualify your business for a big refund in eight minutes. go to getrefunds.com to get started. powered by innovation refunds. ♪ ♪ a cyber-attack can grind everything to a halt. cisco security keeps your company moving forward. because if it's connected, it's protected. cisco. >>> okay here is your next live shot. this is our friends in kansas city, missouri where it is minus 6 degrees fahrenheit going up to a balmy plus 9 degrees. we have much more on the wild winter weather ahead our friends in the midwest very chilly welcome back >>> sam bankman-fried is heading home on bail as he awaits on trial. we have mackenzie sigalos is following this story >>

this is ge aerospace, advancing flight for future generations.is the next generation of ge. >> the center for disease control is expecting charts that doctors use to track children's growth and development including a body mass index as high as 60 as obesity in children reaches 6.1% up from 1% in the early 1970's. the white house is offering free covid tests to all u.s. households. it is part of the biden administration's contingency plan if there is a surge of coronavirus cases this winter. the administration is urging state and local governments to tell people to get updated vaccines. tesla is waging a losing battle as an ex-employee rallies other workers in racism lawsuits. in the 2017 lawsuit marcus bond called the production floor and "hotbed for racist behavior." today the company will ask a california appeals court to block bond from representing 100 other workers. the three-judge panel issued a ruling rejecting tesla's arguments. plans to access frozen european aid funds hit a snag. hard-liners in the ruling coalition projected a deal to

this is ge aerospace, advancing flight for future generations. the next generation of ge. ♪♪ energy demands are rising. and the effects are being felt everywhere. that's why at chevron, we're increasing production in the permian basin by 15%. and we're projected to reach 1 million barrels of oil per day by 2025. all while staying on track to reduce our carbon emissions intensity in the area. because it's only human to tackle the challenges of today to help ensure a brighter tomorrow. why are 93% of sleep number sleepers satisfied with their bed? maybe it's because you can gently raise your partner's head to help relieve snoring. so you can both stay comfortable all night. save $1000 on our most popular sleep number 360 smart bed. only for a limited time. >>> all right. today's rbi is about stocks and opportunity and maybe a good investing lesson it is the time of year when analysts rollout the top picks ones they consider very high conviction they get a lot of attention. do these best ideas always work and make you money the answer not this year.

we're back in two. smarter than, with ge profile smarter wash technology.care for your cashmere. more power for your workout gear. this is smarter sensing and dispensing. fully optimized cleaning, no more guessing. getting the best out of everything that goes in. ♪♪ this is smarter cleaning. this is ge profile. "puss in boots" has been nominated for best animated thi movie of the year.ng. ha! ha! and it takes the "shrek" franchise to exciting new places. i am on my last life. it will strike a chord with movie goers of all ages. when you only have one life, that's what makes it special. rated pg. only in theaters. >>> let's get a check on the broader markets, the major indices. the dow is up slightly about 49, 50 points. the s&p about exactly flat, and the nasdaq dn stowju fractionally tech check is back in a moment >>> welcome back let's turn now to chips. while cowen goes with applied materials. they've both got analysts and both with us this morning. joining us now to discuss, welcome to both of you let's start -- where are we going to start tell me about

this is ge aerospace, advancing flight for future generations. this is the next generation of ge.ou are looking at a live shot of the principal room. coming up michael wilson joining bloomberg tv. this is bloomberg. keeping up today with news from around the world. brittney griner has been released from a russia prison. after almost 10 months behind bars, she was freed in a prisoner swap for a russian arms dealer. president biden said he spoke to her and she is stay -- safe. >> this is a day we look forward to for a long time. it took painstaking and intense negotiations and i want to thank all the hard-working public servants across the administration who worked tirelessly to secure her release. ritika: the president said they are still negotiating on the release of paul wheeler. in saudi arabia, chinese president xi jinping met with mohammad bin salman on. the saudi's of the world's biggest desktop oil exporter. both are looking to diversify their energy mix. the chinese and saudi companies signed investment agreements on green hydrogen and solar energy. unilever considering sel

this is ge aerospace, advancing flight for future generations. this is the next generation of ge. >>> it's that time big money movers chewy swung to a profit in the third quarter on improved margins on the supply chain. the company is raising sales forecast for the year. people are still spending money on pets, but demand geared toward foot, treats and healthcare versus pet carriers and beds and costumes. >>> broadcom with better than expected fourth quarter results. topping estimates. the company not giving an outlook for the year citing limited visibility as it works through backlog of orders. >>> docusign's third quarter results beat forecast. billings up 13%. the stock is down 70% this year. another beaten up cloud name >>> let's get a check on the headlines with phillip mena in new york >> good morning. after ten minonths in russian custody. brittney griner is home. she is expected to land in san antonio to go through a medical evaluation she spoke to president biden after being freed for a russian arms dealer viktor bout. they hoped to nego

ge announced back in november of 2021 that after the splint they would create ge health care. get one share of ge health care for every three shares of ge they own right now. it will replace vornado realty trust. and lockheed martin is filing a protest with the u.s. government accountability office after the army aa worlded textron its contract to build a new fleet of helicopters. lockheed had teamed with boeing to offer an all new helicopter named the dethe find x. -- defiant x. the army didn't immediately respond to requests for comment. they have the power to recommend reopening competition if it finds in favor of those protests. now, the fed pouring cold water on the housing market, but as jerome powell and company begin to slow rate hikes in the new year, what's 2023 going to bring for the real estate market? we'll take a deep dive into that in a few moments, but first ors let's check the blue chips. dow is up 355 points, just over one percentage right now. we've got a lot more good stuff coming for you. we'll be right back. ♪ ♪ if you have diabetes, then getting on the d

this is ge aerospace, advancing flight for future generations. the next generation of ge. >> we need to be humble, right now the labor market is tight in the fed will not back off and it is a inflation fight. i think there is a disconnect between what the markets are thinking and where they are actually going to end up. i think markets are probably affect -- expect in the fed to back off once it starts to slow. tom: ravina for rocchi -- farroqi. lisa abramowicz, tom keene. jonathan ferro on assignment. we are watching the weather across this nation. torrential rain in new york city. we hope you are safe as well. bob diamond to come up here on this tragic loss of scott minerd. we are also looking into what the ashes into this year with lisa and i exit. you want to talk about wall street. there is only one story in new york's we speak with sonali basak. first, talk to scott minard frankly more than anybody did. everybody thinks that scott and i were close but we were not. we talked to each other in interviews but you talk to scott as part of her re

this is ge profile. >>> one more thing before we go.uspending an account from the platform that was dedicated to tracking elon musk's private jet @elonjet was an ejet was a publicly and had amassed half a million followers since it launched just a week ago musk said he would not ban the account saying my extent to free speech and the other accounts tracking private flights for bill gates and mark zuckerberg remain active, carl, so here's one way that elon musk wants less attention >> indeed. although the hashtag is a pretty active aviation on twitter, hard to imagine someone is not going to try to re-create that content. >> it takes public flight tracker data >>> just a couple hours from the fed presser. judge is in the house. let's get to the half. >>> welcome, everybody front and center this hour, count down to the fed. what must happen today for your money to rally we'll debate that with the investment committee let's check the markets. a pretty decent guy going so we're trying to rally again. dow is good fo

this is ge aerospace, advancing flight for future generations. this is the next generation of ge.earchers believe the first person to live to 150 has already been born. it could be you! wow. really? of course, you'll have to eat your greens, watch your stress, wear sunscreen... but to live to 150, we're developing solutions that help doctors listen to your heartbeat while they're miles away, or ai that knows what your body will do before you do. cool. introducing elevance health. where health can go. ugh, this rental car is so boring to drive. let's be honest. the rent-a-car industry is the definition of boring. and the reason can be found in the name itself. rent - a - car? you don't want a friend. you want the friend. you don't want a job. you want the job. the is always over a. that's why we don't offer a car. we offer the car. ( ♪♪ ) sixt. rent the car. >>> welcome back ftx back in bankruptcy court this morning as the disgraced founder sam bankman-fried sits in the bahamas jail. tech reporter mackenzie sigalos has more >> brian, the next hearing at 10:00 today. it has many lin

this is ge profile. you want to see something cool?ty rewards is how we go beyond saying thanks. so we're going to spread the joy this holiday season, the xfinity way. take your trusty sidekick to see puss in boots: the last wish what's a puss in boots? he is me. with buy-1-get-1 movie tickets, on us. in theaters now. join for free on the xfinity app. xfinity rewards. our thanks. your rewards. as a business owner, your bottom line is always top of mind. so start saving by switching to the mobile service designed for small business: comcast business mobile. flexible data plans mean you can get unlimited data or pay by the gig. all on the most reliable 5g network. with no line activation fees or term contracts. saving you up to 60% a year. and it's only available to comcast business internet customers. so boost your bottom line by switching today. comcast business. powering possibilities. >>> let's do a gut check on internet names truist remaining cautiously optimistic as they forecast a growth revital into the new year some of the top p

this is ge aerospace, advancing flight for future generations. this is the next generation of ge.this rental car is so boring to drive. let's be honest. the rent-a-car industry is the definition of boring. and the reason can be found in the name itself. rent - a - car? you don't want a friend. you want the friend. you don't want a job. you want the job. the is always over a. that's why we don't offer a car. we offer the car. ( ♪♪ ) sixt. rent the car. >>> well, stocks snap their losing streak. futures suggest momentum may carry over. >>> nike shares surging on the back of the quarterly results as the parent giant chips away at its inventory surplus. and fedex, despite softening demand and more cost-cutting efforts. it's wednesday, december 21st, and you're watching "worldwide exchange" on cnbc. ♪ >>> welcome to wednesday, everybody. i'm contessa brewer in for brian sullivan this morning. let's get right to the markets now. stocks snapped their four-day losing streak yesterday. we've got futures higher across the board right now. the dow is notable at 259 points the nasdaq futures

this is ge aerospace, advancing flight for future generations.>>> sam bankman-fried is now in custody. he has been arrested in the bahamas. american authorities working on extradition. we are going to layo out the nex moves in the most important crime investigation ever. >>> it is inflation tuesday with the latest read coming in three hours. they could move stocks in a big way either way that critical inflation read as the federal reserve is kicking off the final policy meeting of the year former fed governor robert heller is here all of this on tuesday, december 13th you are watching "worldwide exchange." >>> welcome or welcome back. good tuesday morning i'm brian sullivan thank you for joining us let's get to your money. things are looking good. stock futures in the green nice rally across the board. all averages up more than 1% dow futures with a the follow through on that with the s&p and nasdaq and dow futures all higher >>> let's get started with the headlines happening now including the breaking news with the arrest of sam bankman-fried. s

say to them, it's gonna be okay >> damn. >> i used to think that i coul share my story, and i could gewas my outside check [laughs] ♪ ♪ ♪ >> i love all the things tha we do, the latinos are like, oh, the superstitious things >> it is like a deep thing i our tradition, and he has, i cuba and the caribbean >> it is a big time, i, mean that's where i go to when want to leave this place but she sent me all these dogs from jersey. >> we have an altar in our house. they like this all the time. >> beautiful >> a little rum. i have a family alter. >> you have a family alter >> i do, absolutely. >> just having the fact that the majority of the people i the stable have, they have a altar at home, again, when you are thinking about what make us who we are, as latinos an latinas, like the spirituality >> i grew up catholic. i went to an all-girl catholic high school. and we would pray. and i never really understoo the concept other than, you ar repeating, it's like a mantra. but it wasn't until i had an accident in 1990, where i wa paralyzed. and i felt people's prayers. there were millions of peo

this is ge aerospace, advancing flight for future generations. this is the next generation of ge. researchers believe the first person to live to 150 has already been born. it could be you! wow. really? of course, you'll have to eat your greens, watch your stress, wear sunscreen... but to live to 150, we're developing solutions that help doctors listen to your heartbeat while they're miles away, or ai that knows what your body will do before you do. cool. introducing elevance health. where health can go. why are 93% of sleep number sleepers satisfied with their bed? maybe it's because you can adjust your comfort and firmness on either side. introducing elevance health. your sleep number setting. to help relieve pressure points and keep you both comfortable all night. save $1000 on our most popular sleep number 360 smart bed. only for a limited time >>> welcome back to "weatx. shares of gamestop popping after the miss on earnings and cash reserves for the third quarter down from $1.3 billion a year. gamestop in the middle of the company wide rervamp to become prof profitable >>> an

this is ge aerospace, advancing flight for future generations. this is the next generation of ge.t if you were a global bank who wanted to supercharge your audit system? so you tap ibm to un-silo your data. and start crunching a year's worth of transactions against thousands of compliance controls with the help of ai. now you're making smarter decisions faster. operating costs are lower. and everyone from your auditors to your bankers feels like a million bucks. let's create smarter ways of putting your data to work. ibm. let's create ritika gupta a look at some of the big -- ritika: a look at some of the biggest business stories. unilever considering selling its portfolio of ice cream brands. brands such as prayers and klondike could bring as much as $3 billion paid ben & jerry's and magnum would not be part of the deal. the ceo has indicated unilever would look to divest certain underperforming businesses. credit suisse's 4.2 billion dollar capital raise set to sail through after looking shaky as recently as last week. bloomberg has learned lenders were arranging the deal expect

this is ge aerospace, advancing flight for future generations. this is the next generation of ge. >> the job market is just swimming in unfilled jobs and demand is incredibly high. the consumer confidence data is ripping and aren't appreciating that the consumer is going to spend a lot more money, it's going to keep us out of recession. lisa: some optimism there to end the year. head of research, it is optimism at a time where there is so much fear of recession and what could potentially happen. we are going to be speaking with someone who is surviving, i can put it that way. tom: there is a warming trend. lisa: having lived in chicago myself, it is cold there. tom: wind chill of minus a gazillion degrees. people out west, it's warming up somewhat. it gets back down to zero about 3:00 p.m. today. lisa: try not to go out, beyonca president of bianco research has been a breath of fresh air in his real reassessment of free money and the lack of it. jim i want to start with one of the big questions ending this year which is the discussed the -- discr

this is ge aerospace, advancing flight for future generations. this is the next generation of ge.ered by innovation refunds can help your business get a payroll tax refund, even if you got ppp and it only takes eight minutes to qualify. i went on their website, uploaded everything, and i was blown away by what they could do. getrefunds.com has helped businesses get over a billion dollars and we can help your business too. qualify your business for a big refund in eight minutes. go to getrefunds.com to get started. powered by innovation refunds. lily! welcome to our third bark-ery. oh, i can tell business is going through the “woof”. but seriously we need a reliable way to help keep everyone connected from wherever we go. well at at&t we'll help you find the right wireless plan for you. so, you can stay connected to all your drivers and stores on america's most reliable 5g network. that sounds just paw-fect. terrier-iffic i labra-dore you round of a-paws at&t 5g is fast, reliable and secure for your business. >>> it is time, it is time for the lightning round. buy, buy, buy, play t

this is ge aerospace, advancing flight for future generations. this is the next generation of ge.ess kept on employees through the pandemic, getrefunds.com can see if it may qualify for a payroll tax refund of up to $26,000 per employee. all it takes is eight minutes to get started. then work with professionals to assist your business with its forms and submit the application. go to getrefunds.com to learn more. >>> it's time for your morning rbi. today let's dive into the stockmarket and expectations for next year because it is the time of the year where all the big banks start to put out their price targets for the year ahead. strategists have to go on the record and face being wrong or right. by the waying all of them, all of them were wrong about this year, every single one that is the topic for another day. right now let's talk about what investors are saying off the record because deutsche bank put out their big annual survey of how their clients really believe the markets will do over the next year, and this one is much more naughty than it is nice all right. so what are we

we were not trying to ge pregnant that quickly.6, i said this is little sooner than i had planned, but fine. i was very excited we were both excited it never crossed my mind tha when i was ready to start ou family that we would hav challenges >> you little wiggle room. >> i remember touching m stomach all of the time. i felt, oh my gosh, there' life growing inside of me. i started thinking about wit this child would look like, be like, all the dreams for thi child. that happens right away. >> i just started spotting, di some research, and sometimes spotting can be normal but it did say if spotting i heavier, go see your doctor, you may be having miscarriage. i remember sitting on th toilet and i think at some point, i realized i was having a miscarriage. i looked into it tha miscarriages were fairly common it happens all the time. the doctor said the same thing she said it happens. give your body and you emotional self a couple of months to recover and tr again. about six months later, i go pregnant right away. i went to the doctor

has been difficult to ge democratic voters to concentrate on this?ecause usually, in democratic campaigns, they tend to be political rock stars higher up on the ballot. gavin newsom types for governors, barack obama runnin for president, and so it becomes difficult to get the concept across about how important your state representative and your stat senator is >> it definitely is a challeng to get people to vote down the ballot we have a phenomenal we call bout - folks will vote at the top o the ticket, but they may not vote at the bottom of th ticket so one thing we have to do wit the al-sissi's communicate wit voters to make sure that voter understand the stakes. most of the policies tha affect your day-to-day life, these are made and state legislatures so we're always looking fo ways to make sure we have th resources to communicate wit voters, to make sure tha people understand the stakes but also understand the binary choice, that a republican migh be an election denier that attended the insurrection, and we may have a great candidat in the democ

this is ge aerospace, advancing flight for future generations. this is the next generation of ge.dad was a hard worker. he used to do side jobs installing windows, charging something like a hundred bucks a window when other guys were charging four to five-hundred bucks. he just didn't wanna do that. he was proud of the price he was charging. ♪♪ my dad instilled in me, always put the people before the money. be proud of offering a good product at a fair price. i think he'd be extremely proud of me, yeah. ♪♪ ♪ at prudential we think you should say it when things go right too. like, when you score your dream job. sell your business. or discover she's smart... really smart. now what? here's what: you connect with prudential's rock-solid team serving over 50 million people. with investment, insurance and retirement know-how. who's your rock? visit prudential.com or speak to an advisor today. >>> welcome back wall street firms have been rolling out their top picks for 2023 meta we noticed a popular name on those lists goldman sachs and citigroup naming the social media giant a top pick,

this is ge aerospace, advancing flight for future generations.. >>> welcome back we're seeing empty store shelves yet again. this time not for toilet paper or baby formula. it's a shortage of children's medicine parents are scrambling to find tylenol, advil and motrin. my next guest says the suppliers are not prepared for the spike in demand and there was no stockpiles joining me now is erin fox, senior pharmacy director at utah health you are the shortage's guru. you are exactly the person to speak with about this. and we've had shortages of kids medicine like tylenol back in 2018 why now? >> it's the perfect storm, right? we have suppliers who really weren't ramped up for this kind of demand spike and we also have supply chain challenges with not enough staff to stock the shelves. not enough drivers to direct the supply room. we're seeing the empty shelves >> i understand if, you know, demand goes up a little bit. what are the numbers here? did demand spike two an unreasonable degree? should we not have expected the supply chain to keep up? or