a crisis centered on its most important product, the 737 max jetliner, so let's get right to george fergusonorge, what is interesting to me here is that dave calhoun, boeing ceo, he is going to stay on through the end of 2024 and you will have a say in who his successor is. what do you make of that? to me that seems a little unusual. >> it seems a bit long to us too. what i make from it is that the board is kind of flat-footed on the search for a ceo. i don't think they were thinking along those lines. my guess is they met with airline ceos in the last week without the ceo there, without dave calhoun there, and i think the airline ceos may have impressed upon the board that really to restore confidence fully and boeing, they need to think about a change of the very top and a change of commercial airplanes. i think the timing of bringing a new ceo on really snacks of them not having even started that process yet. >> we heard from ryanair ceo earlier saying that he welcomes a much-needed boeing management change, so to your point of course, the airlines coming out here. but talk to us about wh

annabelle: that west george ferguson, thank you for your insights this morning.et more on boeing and other stories you need to know to get your day going in today's edition of daybreak. it's also available on mobile in the bloomberg anywhere app. can customize your settings so you only get news on the industries and assets you care about. this is bloomberg. ♪ haidi: australia is adding his voice to international concerns about malicious cyber activities it says are being conducted by china. new zealand, the u.s. and u.k. are accusing hackers of targeting corporations, politicians and british voter data. we have seen hacking in australia, has australia been a target by china? >> on this occasion, no. she says the other activity has obvious implications for australia, saying it's unacceptable and must stop. this relates to a couple of instances in the u.k. and the u.s., in terms of the u.k. climbs politicians and democratic institutions were targeted. the u.k. is accusing china of accessing the details of 40 million voters held by the electoral commission periods p

george ferguson pushing back on that just a bit. it is a duopoly.ues fulfilling orders to begin with. why do we have this? jonathan: down another 1.1%. we could do this with the bloomberg brief. dani: the nasdaq stock market has said it has resolved connectivity issues. it has determined the root cause but didn't go into further detail. the market starting at 4:09 a.m. new york time. any unacknowledged orders have been canceled and given back to customers. donald trump's economic advisers included three names to lead the federal reserve should he be elected. in a meeting at mar-a-lago, they recommended kevin walsh from morgan stanley. hasn't committed to the candidates but hasn't soured on jerome powell, whose term ends in 2026. a two year slump could be nearing an end thanks to stockmarket records. the watching that showed the most popular rolex models work mostly flat with the most in demand model showing declines of less than 1%. rolex's gmt remains an outlier with the blue and red model raising more than 2%. that is your bloomberg brief. jonatha

jonathan: appreciate it, george ferguson. that stock is up close to 4%.efining moment, think the meeting, no ceo. annmarie: we talked about it last week, notably missing was going to be ceo calhoun. lisa: he is not there, are the airline she is going to be complaining about him and how he is running boeing? and recall and i wonder about the talent pool of people who can come from outside with fresh eyes. if you do not have a real competitor, how do you get that talent? that is a real issue. this is one of the challenges having the fresh ideas and the gut check that comes with a robust competitive environment. lisa: maybe someone from airbus they can send to boeing? jonathan: i'm not sure they want to lose anyone at this point. tomorrow, the coverage continues. looking forward to the conversation with all four of them. very interesting here. he has been bullish 2023. he says 2024, reverse goldilocks negative for risk. i would say you have 75% of the story. the problem is he got the market piece wrong. we will talk about that tomorrow. annmarie: he is backt

our thanks to george ferguson of bloomberg intelligence.till ahead, when reddit starts trading, it's fate will rest in familiar hands. its users. this is bloomberg. ♪ ♪♪ hello, mia. are you ready to meet your demise? man, we really need to upgrade your trash talk. ♪♪ nice shot... shot... taker. who programmed you?! i'll see you tomorrow. the future isn't scary, not investing in it is. 100 innovative companies, one etf. before investing, carefully read and consider fund investment objectives, risks, charges expenses and more in prospectus at invesco.com. katie: this is bloomberg markets. bloomberg news breaking the news today reddit is that to price its ipo in the top range or above. company has reserved 8% of its long-awaited public offering for its most prolific users, a sign a could quickly turn into a so-called meme stock. bailey lipschultz has been following this closely. he joins me sitting to my left. let's talk about the timeline. how are we expecting the cadence of the next 24 hours or so to go? bailey: reddit will price all things

coming up, george ferguson of bloomberg intelligence and earl davis, the second tower of bloomberg surveillancext. ♪ >> let's make it clear, we will get cuts this year. this talk about no landing, no cuts, we think a market is going to start pricing that out. >> the likelihood of them not cutting this year is basically zero. >> to be cut in may come to be cut in june, in july? the timing of that rate cut, it doesn't really matter. >> they have to realize the groundwork has been set for consistently lower inflation. >> we're still living through this experiment get to be played out on inflation and interest rates. announcer: this is bloomberg surveillance with jonathan ferro, lisa abramowicz and annmarie hordern. jonathan: cpi data 90 minutes away. live from new york city, good morning. this is bloomberg surveillance. equity futures posited by one quarter of 1%. it is the last read on inflation until next week's fed meeting and the recent data, some of the happy talk around disinflation. lisa: given the fact that we saw hotter than expected cpi and ppi, how vulnerable is this marketer really a g