that is eric nelson of wells fargo and earl davis of the bmo global asset management. next, the auction block where apple let a flood of borrowers raising cash with high-grade bond sales this week. that is next. this is real yield on bloomberg ♪. t refunds.com powered by innovation refunds can help your busi 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. and your store was also the first time you realized... well, we can do anything. cheesecake cookies? the chookie! manage all your sales from one place with a partner that always puts you first. (we did it) start today at godaddy.com katie: i am katie greifeld. this is bloomberg real yield. time for the auction block. we start with on sales in europe rated was the busie

let's bring back claudia panseri from ubs global wealth management.e talked earlier about the opportunities in bonds. as the window closing on being able to lock in these yields? claudia: not yet. there are some space to see central banks essentially is in the euro zone and u.k. to keep on hiking interest rates. but we are very close. we are close in bond yield in the short term which should remain at a high level according to us. we are not expecting any rate cuts in europe. i think for clients which have been facing negative rates for a long period of time the opportunity is really impressive. when you look at the return's in the coming five years, this is an excellent opportunity to lock in the good performance. francine: when you look at where you want to be invested, we also asked jamie dimon what he would do with $1 million of his own money. he said i would not defy sovereign bonds but you see certain opportunities imparts a fixed income? claudia: yeah, for clients who want to reduce volatility and have concerns that the economy is slowing, havi

sonali: thank you, marc rowan, ceo of apollo global management.lix: thank you, sonali basak will be back in the next hour. i love the way he described this as a confused market. that is what guy and i talked about every day. i push and pull when it comes to where we are going in terms of interest rates. he mentioned part one of the banking crisis is over but he is focused on commercial real estate and the heels of halting withdrawals for six months already. also interesting. in the equity market, we are going nowhere fast. down by about .3%, the front end of the bond market on offer. yields up by 13 basis points as the ism manufacturing provided little clarity as to where the economy is going. employment holding up, the overall index weaker. the minette chief investment officer will join us next. this is bloomberg. ♪ (♪♪) this is the lexus variety of electrification... inspired by, created for and powered by you. ♪ alix: a lot of nothing in the equity market. natalia has news. >> equities are higher after than expected ism pmi manufacturing data.

different countries, it was only in the land of egypt , but the united states we are looking for global management, they were dragged to the ground and blood, and the american human rights system has never even used it to promote violence against women of many palestinian people. with the libertarian skin it has ripped off the american human rights had investigated and received the best that under the title of the criminal responsibility of the american military forces in violating the fundamental rights of the afghan people in the legal system of iran from the perspective of the quran as the aggressive realism of the american foreign policy and the violation of the right to security of syria, this conference is a difference with the human rights conference in we put the view of religion and islam in front of american human rights and compared them. ismail al-barzi, gorgan broadcasting agency, minister of communications and information technology, in a meeting with the minister of communications and transport and oman regarding joint cooperation in various fields. fiber stability mr. zarepour, in

country, and now we hope to hear and see mark voyager , the director of the master's program in global managementand the assistant professor of the american university kyiv , we welcome you, good day, mr. mark, please comment, and let's start. the secretary of the national security council about the fact that there are many people who now want to bring ukraine to the negotiating table , he said that a very large company has been launched in this regard, there are many proposals from different countries, but ukraine will sit only on on my terms at this table. when can it happen? what can ukraine's terms be? well, except it can only be after a victory, and then a categorical categorical victory. what am i saying? i don't know which specific country mr. danilov had in mind. no in western europe and i don't think he doesn't believe that there is such an appetite in the western world to force ukraine to negotiate with russia at this moment or even in a few months football at least until the end of the offensive stage that's why there are voices, for example, former president trump, and everyone knows

we wrote about the tiger global management selling hundreds of millions of dollars worth of private companiesng the same thing right now. what is driving that. is it just a lack of ipos, or is it something else that is a catalyst here. one thing that is really driving the secondary act cavity is the need for liquidity from early shareholders. you have both early employees and early investors who have been invested in these companies for 10 to 15 years. at some point in the past year and a half, that hasn't happened. they are really driving a need for look at, but to the point of larger institutions selling in the absence of ipo's, they need to return capital to investors and they have come to the secondary market to do that. >> we were talking earlier this half-hour about what is happening in the banking sector. given the lingering turmoil, unless that gets resolved, even if there is demand out there, even if there are early-stage investors who are looking or a way to exit, does that complicate the story going forward? >> it is certainly one that complicates things because the ipo isn't just

. >>> tiger global management is reportedly looking to offload hundreds of millions of dollars of private companies in the secondary market this comes after the $51 billion firm marked down $23 billion last year. tiger invested in hundreds of pc backed companies, including bytedance and discord. >> re-pricing of everything from stocks to bonds and private companies. silvana, see you later on. >>> turning attention back to the broader markets and catalyst for the stock market rally bank of america's survey finding fund managers currently have the lowest exposure to stocks relative to bonds since 2009 the great recession. they poulled $334 million from stocks driving money markets to a record $5.3 the trillion turmoil in the banking sector and worries about inflation and recession dragging on the investor confidence. many say this could push to the upside wall street adopting a kc contrarian view. let's talk more with jay hatfield >> good morning, frank. >> we talked about what is going on right now inflation and banking crisis and possible recession some contrarians could also lead to a ra

the winter , it seems to have happened again mark voyager, director of the master's program in global management , associate professor at an american university , former special adviser on russian affairs to the commander of american forces in europe thank you for the inclusion. well, having a few minutes, before handing over the floor to olga lazy on the chronicles of the information war, we want to remind you about the beautiful, very musical, aesthetically and very important in terms of the meaning of the work band imagine dragons of collaboration with yunaite 24, a very poignant video that they released literally yesterday already now there is a huge number of views, this video should convince the world and remind once again that it is necessary to help ukrainians who suffered from the war and this is the story of a boy sashka from donetsk region, who lived in the occupation and who suffered from direct military operations, let's look at a short fragment, small poems. i think we can urge our viewers to watch the full version on youtube, on the official channel, in particular, imagine dragons

here is what we heard from the apollo global management ceo.e a listen. >> part one of the crisis is over. we have a second wave in commercial real estate. a system that has government guarantees where there -- people's money is entrusted, losses create concern. it will be systemic, but not concentrated. regional banks are the primary lenders to many real estate issuers. >> what about the implications of the banking stress for the fed? >> this has been something else investors have been debating. how much of the banking stress is doing defense work for a. this was something that came up in our interview with the guggenheim and park -- guggenheim partners investment cio. we heard that the fed can be expected to hike at its meeting in may but over the course of this year we can expect a significant economic slowdown to appear in the midpoint of the year. we also spoke about this environment where capital is being rationed had investors with cash to comply will be able to demand more production. whether this is a systemic risk, take a listen. >> t

negative laying in the finals after sweeping inthis was owne'o alto investment firm bayshore global managementonolulu when it experienced some type of issue. the coast guard tells us they reported a fuel transfer issue and returned to the mainland, crashing into the ocean at 2:15 saturday afternoon. both pilots died. the ntsb and the faa both investigating. also new at 6:00, the first woman to lead the novato police force stepping down less than a year after taking that position. chief beth johnson is leaving because he wants to spend more time with family. her last day will be tomorrow. she started in july of 2022 before becoming novato's top cop, she spent four years with the martinez police force and 21 years as a policere th o cinboetixs wnword cpanghr o catch viewers who are breaking the rules. >> netflix is going to be looking at ip addresses to determine where they are sitting. not to gather geographic data for other purposes. kumasi: if you still want to share your account, it will cost an extra $8 to at a number outside the home. netflix is looking for new ways to make money. by their

. >> frank, good morning apollo global management is closesing in on the deal for abab arconic for $3 industrial parts maker was spun off from aluminum giant alcoa in 2016 and has a debt load of $1.5 billion >>> johnson & johnson consumer business spinoff kenvue set to trade on the new york stock exchange today ahead of the opening trade, kenvue priced at $22 a share giving a value of $41 billion. above the expected range >>> and france's anti-trust agency is giving meta two months for ad verificverification sayit was taking advantage of the online ads approach allowed data access to the big of egest operators viewership is detecting fraudulent online traffic. >> more regulation in tech it is a htheme. silvana, thank you. >>> turning back to the big story. the fed raising the interest rates by 25 basis points and marks what has become the most aggressive tightening cycle since the 1980s. jay powell striking a different tone with future interest rate hikes. hinting the current cycle may be coming to an end. >> people talking about pausing, but not at this meeting. there is a sense that

let's bring in shmuel chafets, founder and chairman at target global managing.irm has more than 3 billion euros in assets. the business has backed about 13 unicorns and seven ipo's including the likes of delivery hero and resolute, not the ipo but backing in the portfolio. not yet at least. let's start with the ai question and how you differentiate the hype with the ai that is actually going to create real-world benefits? shmuel: benefit is limited interesting question. we will create benefit and some big problems. it is pretty easy to override -- estimate the short term and overestimate the long-term. that recurs in our industry. if you look at autonomous driving five or six years ago the hype in the hopes and ipo's and big money were not seeing autonomous cars down the street. maybe in san francisco but not seeing it yet. it is a huge technical problem to get from the 80 or 90% that we have gotten to the hundred percent and somebody that can really be out there. it is a huge technical problem in the same thing holds true preventative ai. -- generative ai. it i

haidi: ubs global wealth management senior u.s.ity strategist nadia lovell, great to have you with us. and you can get more stories and what you need to know on today's edition of daybreak hour and dayb you can customize the settings as well for the news on the industries and assets that you care about. this is bloomberg. ♪ or filing returns. avalarahhh ahhh haidi: a quick check of the latest business flash headlines. pfizer is set to be selling $31 billion of debt to fund its purchase of another company. according to a bloomberg source, the firm rated orders for the deal. it is the fourth-largest bond sale in u.s. history. blackrock is calling employees back to offices at least four days a week, saying that room has found benefits from working together in person after the pandemic. the new policy will take effect on september 11, with flexibility to work from home one day a week. more to come here on we moved out of the city so our little sophie could appreciate nature. but then he got us t-mobile home internet. i was just tr

iqbal khan remains a president of global wealth management.mco we moved out of the city so our little sophie could appreciate nature. but then he got us t-mobile home internet. i was just trying to improve our signal, so some of the trees had to go. i might've taken it a step too far. (chainsaw revs) (tree crashes) (chainsaw continues) (daughter screams) let's pretend for a second that you didn't let down your entire family. what would that reality look like? well i guess i would've gotten us xfinity... and we'd have a better view. do you need mulch? what, we have a ton of mulch. hi, i'm jason and i've lost 202 pounds on golo. so the first time i ever seen a golo advertisement, a literal ton. i said, "yeah, whatever. there's no way this works like this." and threw it to the side. a couple weeks later, i seen it again after getting not so pleasant news from my physician. i was 424 pounds, and my doctor was recommending weight loss surgery. to avoid the surgery, i had to make a change. so i decided to go with golo and it's changed my life. when

global management considers hundreds of million dollars worth of private companies into the secondaryinancial times said it has hired an advisor to explore options to sell a portion of that. they are turning to the secondary market to find an exit as pure companies go public. two companies in the empire are seeking to raise as much as $2.6 billion. they will raise money through a qualified institutional placement. more than $100 billion of market players after it was accused of corporate fraud by hindenburg research. this deal is worth about $19.2 billion. the transaction is the biggest ever m&a deal for a gold binder. -- gold miner. giving them 31% ownership of the group. gold miners are facing stagnating production, parts of my deposits as well as rising costs. all of the market opens in sydney, seoul and tokyo are upon us. this is bloomberg. ♪ >> this is daybreak: asia. we are counting down to major market opens as they become more skeptical of a federal reserve pause next month. >> huge implications when it comes to emerging markets and asian markets. you can watch the outcomes in

i want to bring in now needham company global managing semiconductor manager roger gill.alk about this. you you put this out november 18th, 2021. we believe this will be the first one trillion dollar semiconductor company. what were you seeing then? >> well at the time there was significant demand for artificial intelligence machine learning. nvidia had been creating a significant amount of barriers to entry. they were laying found work, groundwork at hyper scalers, all the verticals, all the major industries. so when we were thinking about the potential earnings power and potential market size that nvidia could enter into you know we were thinking this company could be the first trillion dollar semiconductor company. charles: right. >> seen it with other bigger tech companies but nvidia had numbers to back it up. charles: got up the quarterly numbers right? >> yes. charles: major businesses they're in. this has been a volatile stock. here's the thing, i'm looking at the numbers that came out last night. their data center, they're in gaming, professional visualization, au

written there, and if, on the basis of this chinese formula of peace, these states of the global south managed to formulate some er, the same position and then to force ukraine to exactly this peace formula , that would be much worse than what we currently have there at least four, five, six. well, i wouldn't call them peace formulas, you know the positions from which to start negotiations but well, ukraine will not accept these proposals. it is roman to support the ukrainian peace formula. as we know, the president of ukraine also called on the arab countries. well, he actually made such an appeal at the summit of the league of arab states. in your opinion, to what extent is the arab world ready to participate in this today? creation of the world to become co-creators of peace in ukraine, it is necessary to talk about the fact that all states are interested and, believe me, every state wants to try on the role of a dove of peace that will ensure stability and the absence of war, so i am sure that we will succeed at the global peace summit, which will eventually be held if not in the summer ,

palo alto investment firm bayshore global management. two people on board killed. the plane was headed to hawaii on saturday when it crashed shortly after declaring a mayday. two people in the plane have not yet been identified. the ntsb is now investigating whether the pilots were able to transfer fuel from supplementary tanks to the main tanks of the aircraft. tens of thousands of dollars worth of eyeglasses from san francisco store of the owner of veal optics on union street near octavia shared this surveillance video. we see two people climb over the dutch door and into the or into the store, the store owner ryan restaurants says. they went to the chanel section and a minute later left the store with $40,000 in merchandise. stuart says the location has been hit five times in the past six months. he says he's lost hundreds of thousands of dollars in merchandise. he says he is not closing the store, though. these frames are a conduit. for us to do what we love to take care and serve the community. so in return, we could take care of our our families. you know, th

in the merger, the closing of the transaction is scheduled for the end of next year, and global financial managementhould be fair must take into account the interests of all countries , said vice premier of the state council, prc ding suixiang. he spoke at a meeting of the board of directors of the new development bank in shanghai. according to him, the ndb should help emerging markets and developing economies so that they have a more significant voice in the international arena. let me remind you that the new development bank was created by the strange brix in 2014. this was the news of the economy in short. any specific any specific goals bring documents bring a solution in 5 minutes communicated not only with words, but also took pictures. and if you need words again, say them looking into your eyes. m go to the megaphone bullet fun. meet the marathon of discounts at sber megamarket cashback up to 40% on the first order when buying electronics and household appliances sber megan i am often asked how to prepare for a vacation, st. petersburg just pay for purchases online by clicking the button, st

and the amount exceeded $ 70 million, global financial management should be fair , the interests of allries should be taken into account , said ding xiong, vice premier of the state council of the people's republic of china. he spoke at a meeting of the board of directors of the new development bank in shanghai according to him, the ndb should help emerging markets and developing economies so that they have a more significant voice in the international arena. let me remind you of the new bank development was created by the brix countries in 2014 . this was the news of the economy in short. meet in the marathon of discounts at the farmer megamarket a new part of the seasoning, kotani, for only 139 rubles. sber megamarket daily.ru we will find where to stay russian lotto presents a new fun at any moment in the stoloto application, everything is vtb when there is a lot of good they need to be shared. so i share vtb will quickly register a business, a report. use this promo code and so on. capital football club lokomotiv was able to turn the situation around after the winter break and in th

apollo global management has agreed to buy arkonic.ium to the closing price on february 27. pac west is trying to call markets after a 60% stock surge that made the new focus of concern over regional banks. the bank says core deposits have actually increased since march. it also confirmed it is talking with potential investors. shares plummeted yesterday after we reported pac west was considering strategic options. president biden has picked the fed governor philip jefferson to be promoted to vice chair and this could be announced as soon as friday. an economist elainekugler would be the central bank's first policymaker in its 109 year history. global news powered by more than 2700 journalists and analysts in over 120 countries, this is bloomberg. ♪ jonathan: we are about 50 seconds away from the ecb rate decision. on the s&p 500, slightly negative through most of this morning, negatives zero .3% on the s&p 500. yields are a little higher at the front and. treasuries are one basis point higher but look at foreign exchange, the euro aga

sort of less negative i think that's also coloring, by the way, this survey results it's a global fund manager survey i think growth outside the u.s. was a consensus, you know, upbeat call coming into the year but, you know, the stock market in europe has still outperformed the s&p 500 so far this year japan kind of breaking out you have all of these one-off effects in different parts of the world which is maybe a buffer by the way, in answer to the criticism that it's just five nasdaq stocks working because the rest of the world wouldn't be doing okay in terms of their equity indexes if it was just, you know, the kinds of companies that u.s. has a monday op reply -- monopoly on. >> and europe is doing well with the luxury. >> and they don't have regional banks either, so that's not a drag. >> two big variables outside of investors' control are playing out in the market and on capitol hill today the debt ceiling and bank weakness the president meeting with speaker mccarthy to continue those negotiations against this quickly approaching x date and presidents of silicon valley and signature bank

force of the globalists who are trying to solve this problem of the world government of the global managementy the monarchy of uk uk hinders this hinders this. that is, they have. there are other globalists. these are some globalists against other globalists. it's here look at everything that happened. it is sacred and religious. we are all regarded as secular people. it was a process. what is the name of the coronation religiously sacred and there? there are a lot of symbols of signs for people who understand, yes, those who here death has appeared, those who know, understand those clubs that prepared this, all the clubs that do it, that manage, that are compiled by charles. actually. charles himself governs governs this whole family governs the city of london, which is connected to this family, you know, it's a huge strength that is weakening. this is the last hope, more or less sober. e sober e personality. west is a historical memory. this is a historical tradition. if it's destroyed. what the left er, the american er, the democrats , and so on. if it breaks all the total chaos to you que

stone corporation, steven schwartzman, leon, david black, the head of the corporation apollo global managementr akerimi pmc, larry fink is a billionaire. the ceo of the corporation was krok; everyone in the name of the company has a black color belonging to one secret order of many influential people. america proves the existence of puppeteers who decide the fate of the world, researchers of the skull and bones argue that the 16 main surnames of the patriarchs of the order, with the highest degree of influence, constitute it and the ideological and financial basis are the masonic lodge. andrey please tell me what kind of club this skull and bones is, who is taught there and who is in it, in fact, in the universities of the united states - this is absolutely not an ordinary phenomenon. there are a large number of such clubs, especially the old ones, which are over 100 years old. e exist and the older they are, the more sinister there traditions. uh, imagine that really, those who enter there are first mocked, then they get, let's say , mutual responsibility. and this is a form of control over t

busy that is fail roberts, who is the global industry manager of your room. one is an international with a focus on luxury goods play a good to have you with us on catching the call. so who's leading this boom? in 1st class, a business class flight bookings it companies or wealthy individuals. um, well, it's really kind of a mix of both ways. i obviously was still kind of very much at the stage. why and i still own pants, have demand in terms of travel, so losses when consumers that previously would have traveled, business costs are obviously picking up travel again, not very keen to get back on the road again and explore all these wonderful places around the world. so we're still seeing, you know, kind of demand from consumers, but there's also a lot of consumers that may, you know, have not been spending so much during the past, and it's 2 to 3 years. i can save a lot of cash and are really now very eager to kind of get out that and also really treat themselves. so kind of on the consumers side, a mix of both and then put on the business side of the se, in

joining us now is the portfolio manager at global equities at royal london asset management, bixuan xu. are you worried about a liquidity sap? bank of america says it will be equivalent to a quarter-point hike. do you think it will have that kind of impact on this market? bixuan xu: good morning. the thing we were mainly worried about was the technical issues if the deal did not get done in time. we were worried about a technical downgrade of u.s. treasury which could impact high yield. we are generally quite underweight. the bottom line for us is the same. we believe eventually this will be sorted. that is the main worry we had, equity investors. dani: the other main worry was another crisis. if you go past these hurdles and now it is time to look at the fundamentals, are they strong enough to keep a rally going in equities through the end of the year? bixuan xu: we have noted the market has been extremely narrow year to date. especially since the banking crisis. we believe there is some decoupling between the fundamental and the valuation year to date. we expect some volatility going

formed in production and in commerce will gradually get confused despite the fact that the global experience of management it is showing this integrally the formation of the ministry of commerce has at least 10 contradictions with the above laws, both with the constitution and with the amendment of the law of the sixth plan of the basic development of the constitution with paragraph 10 of the general policies of the administrative system with paragraph 16 of the general policies of the resistance economy with the general policies of article 44 and the transfer of some the items of this bill have been made for friends, in paragraph a of article 28, the development of the government has actually been prohibited, and the policies of the system and agriculture , part by part, in contradiction with paragraph 78 of all production, in contradiction with my servant and the general policies of your lord. i stopped talking about insta policy making, planning, guidance and coordination of the insta sector should be born. nature , at the time of approval and review in the parliament and commissions, the government re

globally. according to managing director justo acedo business is booming.city of this factory, because the demand is very huge. eric: so do you have any people working here that were miners? justo: no, we are working to have the sons, the children of the miners. eric: children of miners, right. justo: yes, because this activity is very different to the one with the miners. eric: it's hard to see enterprises like this ever matching the number of jobs provided by coal, where armies of men would toil underground. but energy corporations here believe coal jobs were going to disappear anyway, no matter what governments did. eric: but some coal operations are profitable. australia makes billions of dollars out of coal. do you think that can continue? ♪♪♪ eric: more than 6000 kilometers away, in the us state of illinois, people are praying that coal does have a future. dave severin: good morning and welcome to the annual old king coal festival coal miners' memorial service. eric: once a year, west frankfort holds the old king coal festival, celebrating the rock th

more of a buyer's market let me bring in steve whiting, chief investment strategist at citi global wealth management. good to see you. i wanted to ask you about some of the risks i think you just paired back your overweight on china what do you make of the data that continues to disappoint >> look, i would bear in mind, we're still seeing distortions in the american economy. china is supposed to sort this out in six months. now, if chinese policy gets this right or not is still to be seen we're looking at a market that is trading at ten times earnings that's an economy that is producing actually zero headline inflation, with record high income employment. if you look at what a post -- an economy that is actually fallen into a hard landing looks like, those are economies that actually produce strongly one or two years later. we wish which could say the same thing for the u.s., but it's sitting on a lot of success. now, we have nine times more money in the u.s. equity market. in terms of diversifying risks, you won't find that in any other markets. >> that tells you how negative sentiment has become i

you have global fund managers across the board have 5 1/2% of aum in cash.o there is a tremendous amount of cash on the sidelines. portfolios are overweight bonds to equities. so all of those contrarian indicators are good long-term for the s&p 500. if you see some dovish commentary, you will see a fear of missing out, a move to put more money into equities. charles: ton of assets under management, ton of cash under management. what is the magic word though? does powell give us the wink-wink? what does he say all of sudden the market takes off, all of sudden, the train is leaving the station? >> well i hopefully he doesn't talk for too long. give us some indication you know, we're close to the terminal rate and they're going to pause. i think, if there is a chance we don't get 25 basis points that would really take off but i think you know somewhat more of the same. we're really in a mixed bag. we're seeing economic data that shows the economy slowing. core capital goods shows businesses are spending less in the face of economic uncertainty. charles: right.

to change the way of managing the global economy the situation in which the western powers seek to impose their restrictions, the joining of other members to bixi can also help this idea . it is the host of the meeting of the members of this group. 19 countries want to join it, including iran . considering the ability to transfer energy to different places and the power of energy in gas, how much oil is there, there is a high possibility that we will become a member of this union. the members of the brics group have increased by 14% in the last fiscal year. we fully support the joining of new brics members. with them views we have something in common, and it is based on mutual respect and cooperation, and in addition to the expansion of the number of members , there is no common currency. it is one of the most important priorities of the small members, the priority that seeks to get out of the subjugation of financial institutions dominated by the west and the dollar through the development bank. azadeh taheri, sada news agency and sima, the president of kenya, advised his african counter

there is a new story in big tech which is artificial intelligence and when you talk to global i.t. managers they'll tell you artificial intelligence is here. it's now and it's just getting started. actually to bridge the gap here with jim as well, guess what, artificial intelligence is not only happening in the big tech stocks, it's also happening in the industry as well if you think about, for example, the factory floor of the future will be populated by robots. they're going to have 5g technology and they're also going to be using artificial intelligence i think, scott, in this market environment where everybody is waiting for a recession, you're looking for a growth story and the tech sector is delivering that growth story but to the extent that you can find tech-enabled industrials i also like that trade as well. >> the other question, jim, is whether the market is so far ahead of itself on the idea of the fed coming to the proverbial rescue by pausing now, throughout, and then cutting and that's what bank of america is talking about today maybe not a good idea for the fed to pause mayb

china better be running risk scenarios if you have to write investments off, you know global pension fund managers, foundation cio's better rethink, rerisking, your portfolio not able to sweep them under the rug like when russia invaded ukraine had to sweep a few billion under the rug no one really wrote about that no one is going to be able toll hide losses in china. >> great points the investment community, does not seem to be focused very much, on the potential for default, the president is going to be meeting with house speaker kevin mccarthy again today about raising the debt limit, and potentially, putting spending caps in place, mow do you see this we've got really no movement over the week even though a lot of back-and-forth, and the republicans walked out of the room on friday. >> you know, there will be a lot of gamesmanship going on i don't think anyone in washington is stupid enough to default on debt, he either side of the aisle i think they understand, the gravity of a potential even late payment, of any u.s. government obligations, all that does is hand strength to adversaries in ch

the library of congress should strive to be a global leader in the management and preservation of information. while also providing free and open access to its collections for all. keeping up with technological developments is the key to accomplishing these goals. dr. hayden, you have been serving as the nation's librarian since 2016. certainly you have been come as a library works to improve its services and increase access for its many customers, including the congress, copyright users, researchers, visitors, and the american public. at the forefront of these efforts is the library's push to modernize its enterprisewide information technology systems. shortly before you arrived at the library in 2016 the government accountability office issued a critical report that's highlighted serious gaps in the library's information technology infrastructure, and they provided a long list of 107 recommendations. i know that over the last six years the library has made great strides in centralizing its i.t. systems and closing out nearly all of the gao's recommendations. i'm also aware that the library

jonathan: and economist at apollo global management, he was not talking but the luxury consumer.ley, information suggesting we have a softening of demand on these aspirational luxury goods. lvmh trading down yesterday, down 1.9%. a lot of talk about what is happening in the u.s. and maybe the china factor as well. though i am not sure how much is reflected in the numbers because demanding -- it demand in the last earnings season look. tom: i looked at one company where it pulled back, i don't have any wisdom other than to say my theme for the year as governments will step in, corporations will adapt. i think the chinese government will adapt. jonathan: will they go back to ovi mage? tom: i don't know that. lisa: it is not a good look. tom: right now we are getting a reef and there's no one better than oliver chen. senior equity research analyst plugged into our aspirations as well. mr. ono -- mr. arnaut has done this, he brings his sons over to an american icon, tiffany, it is it right to say they blew it up? oliver: it has been tremendous and innovation. tiffany is iconic, partn

little in production and commerce will get mixed up, despite the fact that it has global experience of integrated management . 10 it is in contradiction with the above laws, both with the constitution and with the amendment of the law of the 6th plan of the development of family services, what is the constitution with paragraph 10 of the general policies of the administrative system with paragraph 16 of the general policies of the resistance economy with the general policies of principle 44 and handing over with other used cases 28 development in fact, the government has banned the policies of the system and agriculture sector by sector , see clause 78, all production is in contradiction with the slave and the general policies of the victim. nature in at the time of approval and review in the parliament and commissions, the government definitely checked because the first of them, when they said that i brought the commercial organization , it did not help . why is it looking for supervision? it says that we should form the ministry. 10th human thank you for the patients of the program, i thank the materials

let's talk more about the markets now with the global management the index level, the vix level in theut the debt ceiling showdown. >> definitely. we are getting questions on the debt ceiling in every meeting we're doing. you're seeing the nervousness reflected in markets one of the charts we created this morning showed that one-year credit default swaps for the united states are priced higher than brazil, mexico and greece but at the end of the day our base case is still that this debt ceiling gets resolved before the "x" date but nonetheless we're offering clients ideas and ways to hedge the potential event risk, like adding to gold exposure, et cetera but for now it's stay the course, doesn't change our conviction in things like core fixed income. >> so gold is the hedge. i mean, would you do, you know, something in volatility since it's so low? would you use the vix as a hedge as well? it seems really underpriced considering the risks out there in the markets. >> so we've been doing a lot of things on the volatility side, offering clients many ways to either put volatility on their

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those who share your values. new president of the republic of finland mi and the global geopolitical situation finland managedto and zelensky already here, as here with an outstretched hand with an open wallet up to a million, yes, a million. yes, finns. get used to it, now you can't get away with simple statements of support for ukraine. we'll have to fork out. most of all, the president was seriously interested in one question to whom and how much did the finns give on their paw to take them to hell so quickly? our common struggle ensures that the enemy never reaches helsinki and this is probably the funniest joke since february 2022. in the working lunch of the official visit also received participation prime minister hanna marin well, what a party without a clown and a hot finnish woman, despite all the hopes of vova , his finnish visitor did not invite him to the sauna. information appeared in the german media that on may 13 and 14 zelensky would visit berlin in kiev, they said that they were very disappointed with the disclosure of the details of zelensky's arrival in berlin . about how the ukrainian po

so the you can say the us took over management, the global capitalism, that's obvious. but you can also say they basically absorb global fascism and are now still to this day murdering. it's the opponents of us capitalism. you know, sonya, one of the things i find most odious and disgusting, is that demonizing russia or trying to erase russia. but they, what was fought against and destroyed thankfully in 1945 is reared its ugly head with western support in kev. okay. and, and, you know, it happened, it's happened so many times since the complex started where you have an as off patch here. and it been there a picture there and everyone kind of stumbled oh, it doesn't really mean anything. it means a lot. it means a whole lot. ok initially so is an attempt by the west to whitewash history because what was bought against and destroyed is very real and it's not being fought against now. it's actually being supported with tens of billions of dollars. sonya yeah, that's right. and i, myself, i was in the house of 263 when it was just liberated in the district, submitted the i

seven summit now taking place in hiroshima once claimed to be the premier forum for the global economic management into a mechanism for coordinating anti-chinese anti-russian actions between the united states and their sixes, and therefore it is no coincidence that one of the most important decisions that we already hear from the big seven themselves is the announcement of new sanctions, and measures against china we will return to this later, but so far some measures against russia have already been announced. the united states has already introduced new export restrictions against russia, lists of more than one thousand two hundred items. including building materials paint, tissue papers, equipment, transport great britain also announced new sanctions against russia , a ban on the import of copper - nickel, aluminum and diamonds from russia, as well as sanctions against 86 legal entities and individuals. and here is what a senior white house official announced the day before about new american sanctions against russia. listen first, you will see further attempts to deprive russia of the ability