. >>> philadelphia fed president patrick harker is with us exclusively. he warns that inflation is running far too high we'll talk to him about the pace of rate hikes and much more, kelly. >>> looking forward to it. thank you, tyler hi, everybody. let's get a quick look here. snapshot with the dow up 180 we were up more than 400 at the highs. talk of ukraine de-escalation lifting stocks today s&p up 36. the nasdaq up 1.5% or 213 points right now. as tyler mentioned, let's check in on the two-year, ten-year yield spread which by our data has gone flat and is still up about 1 basis point. it has inverted before the last couple of downturns. the three-month, the same track record, is steep according to historical records rick santelli is tracking it all in the treasury market rick >> despite tweets and wire services that everybody out there should understand, the cash market doesn't have one price that absolutely is the same for every area that trades bonds, notes, bills. sometimes there's subtle differences. all the systems i look at say the low is still a

here harker has been under siege. many civilians were said to have been killed during the previous night. of the war, full of them was always of the michel hotter for you. we stay in the bomb shelter, but it seemed a little because so many sabbath tours are at work is that the laying booby traps e and killing people in the street that they were behave uri went out every day to try to scrape together food for his family and others and the building fuel has also been in short supply and harker of them. what is the other? the city is very big and people need fuel for their cars to get to the supermarkets that are open with people. wait in their cars for hours to get sun but, but that's necessary for survival here than was it was on yury as a retail buyer for supermarkets. he showed us the empty shelves saying there was hardly any bread left nor fish, milk, semolina, or barley. a pallet of fresh eggs went to minutes. 3 days earlier, an apartment complex had been had in this city alone, the death toll climbed over 150. bef

and harker. ultimately, if there was a conflict or a war with russia, ukraine would be among the 1st ah, platforms to initiate hostilities through local residents have reported unusual infection outbreaks near american labs. one example at a facility near cove, social activists and game a say of the worked in harker when the lamb opened complaint several times to ukrainian or socrates at the request of local residence. frederick us go blessed if willis strongly which is soonest, whiskey be jimmy agreed. but log with the quick magic garcia. agrippa, agatha, bellagio, tampa on. leslie's new emerging morale at new money. no. g as the other they will in it is diesel as to about a putting of mediation. ah, one is suspected to have been running experiments on takes it still takes are infected with zeke of virus, west nile fever, dingey fever, and other equally dangerous pathogens. and then released into their natural habitat . neither ukraine nor the u. s. have denied that the pentagon is linked to bio labs in the country. ah, ah. since 2018 under odin number 928, issued by ukraine's minis

one example is a facility near cove, social activists and game a say of the worked in harker when the lamb opened complained several times to ukrainian or socrates at the request of local residence. frederick us go blessed if willis strongly which is soonest. whiskey be jimmy agreed. but log with the quick magic godsig reba. agatha, bellagio, tampa on leslie's new emerging morale at new money. no. g as the other bible in it is diesel as to about putting media. ah, one is suspected to have been running experiments on takes it still takes are infected with zeke of virus, west nile fever, dingey fever, and other equally dangerous pathogens, and then released into their natural habitat. neither ukraine nor the u. s. have denied that the pentagon is linked to bio labs in the country. ah, ah, since 2018 under order number 928, issued by ukraine's ministry of health. international pharmaceutical companies have had access to the country's hospital patients as a testing ground, including children. special safety measures in the handling of hazardous microorganisms are very expensive. it's a lo

this is the latest footage from the center of ukraine's 2nd largest city harker, where according to local authorities, 2 districts were shelled by the russian military overnight, which is defense, ministry is yet to comment on those claims. thousands of harker residents have sought shelter in metro stations. that announced people's republic. information ministry has released video, allegedly showing ukrainian forces shooting and beating russian prisoners of war. they had to rush an investigative committee has ordered an investigation into the incidents. now he won't show the disturbing video as it portrays bound soldiers lying on the ground with multiple bullet wounds to the legs, while others have broken bones. the as yet on verified footage has cause anger on social media and you kind of officials me while i gave this comment. there are 2 brochures and about 15 i remind everyone that abusing prisoners of war is a war crime that does not carry amnesty under international law and does not have an institute of limitations. we are a european army of a european country. we treat prisoners ac

fed president patrick harker added if prices refuse to budge off the 40 year highs we're seeing when it comes to inflation, bring on the 50 basis point hikes, harker announced he has penciled in not four, not five, not six, but seven quarter point interest rate hikes this year and did address the bond market in version ghost which became real about an hour and 20 minutes ago when the yield curve between the two year and 10 year treasuries inverted for the first time since september of 2019. this is often considered a predictor of recession but harker does not give credence to that theory this time around so should you? let's get right to our floor show joining us money mass press chief investment strategist keith fitz-gerald and scott fullman. keith i'm very interested in your perspective here because you say investors are not prepared for peace. what do you mean by that? >> well, they have gotten so much negativity, liz, that they are focused on the shortened of the stick when in fact history suggests, you want to be buying at points of maximum pessimism. you want to focus on the co

yeah, there have been continuous attacks again on the key if and harker of the most 2 most important cities of ukraine. and in another news, the russian troops are again inside the town of his song curse on his one is, is we're a city close to crimea. there were have been offend incursions for irv by russian troops from several sides from the east, from the north and from the south from crimea. and this city of her son has been, has been, they have have been there before then they were driven out. and now they are inside there again, and this would be the 1st big city in, in ukraine where they are seemed to have taken control. although fighting is still going on and nothing is decided yet, a massive column of russian troops and weaponry is headed toward key at the capital . is the city capable of repelling an attack by a force like that was so far we have seen that the city has been more capable of repelling attacks than i previously thought, but of course it is a very significant number. we don't know what they are meant to do. are they meant to close the ring around key iv and, and

ukrainian man who survive multiple nazi concentration camps has been killed by russian shelling in harker. 96 year old boris roman jenko lived through nazi imprisonment and force labor and several concentration camps, including book involved after world war 2. you return home to hearken, where he became a prominent peace activist and campaigner, he was killed. one is apartment walk with hit by a russian show on friday. d, w. new spoke to the director of the book involved foundation here in germany, dr. yann's christian wagner, who knew dr. mr. boy roman shanker. rather i was really shocked. but when i go frequently came to the bloomberg memorial to join our ceremonies or the anniversary of the duration of the count. for example, he frequently spoke during these events. he had become a threat to us in the memorial. and we remember him as very. ready engaged in struggling against fascism for the memory of the camps and for peace and actually lost his life. much owes them from that and $45.00 was to build the word of peace and freedom and written with a lot of holocaust survivors. but also w

harker confirmed.says he is worried that inflation expectations could become on death -- unmoored. a second booster from moderna and pfizer and beyond tech. it will make more people eligible for the shot, there is a new wave of infections. pfizer and moderna are also working on omicron-specific boosters. $600 million from a blockade system connected to the infinity online game. fees took either and u.s. bc tokens march 24, the breach only discovered tuesday. it was one of the biggest trip to hacks to date -- crypto hacks to date. global news 24 hours a day, on-air and on bloomberg quicktake, powered by more than 2700 journalists and analysts in over 120 countries. haidi: the bank of china and oak china construction bank have recent postings of profit growth. the banks laid out a policy should the encouraged lending and bad loans also fell. we bring in steven engle. what stood out to you? >> the fact that the numbers were pretty good is probably tribute it to the policy shifts we saw late in the year of

philly fed president patrick harker yesterday couldn't sound more out of touch promoting high golf occurign of high inflation. the guy is talking about golf courses t makes you wonder about the people said monetary policy for us, for regular folks, then say they understand the economic pain of the average american. i don't think they do. joining me trend macro cio don luskin. so, don, just your thoughts, the guy, yeah, my buddies at the golf course are suffering so maybe we've gone too far? [laughter] >> they should have asked me. i would have told but the very sharp rise in the cost of jet fuel which is making it so difficult for me to fly my g-5 wherever i want. come on. you hit it exactly on the head. the fed has to manage the economy as best it can for everybody. now when the fed raises interest rates they're avowed purpose is to slow the economy in order to make inflation less. when you slow the economy that doesn't hurt the people playing golf. that hurts the people making the golf balls in the factories, right? so this couldn't be more misaimed to the audience that the fed really

they left their home and their relatives behind and harker along with all their plans and dreams laid waste by prudence wore a young marketing expert. christina is not only worried about her own future, but about the future of her country. i just pray that when it will be larry, there will be no ukraine, or now, or mac. that's my biggest here i'd really built our country casa. i like very much. after arriving in the view, she tried to focus on the positive it was the most hated. one 0, this weekend. i have a normal food and out my head and i said, kind of fun does take and in hike if you can do this. but the happiness was short lived, christina soon began to feel guilty and blamed herself for leaving her family in harkins. oh, so it was to push myself because i was why so if you give me an acquaintance center, christina photos of people in harkey of trying to keep themselves supplied with the bare necessities. christina has been in constant contact with her family and friends. ah. ready the higher but i think about it all life in the morning. she said that they said they're very hollo

suddenly czerny heave and the north western suburbs of cave as well as some other places near. near harker in the north east. um some of them have worked, but many of them seem not to have worked and even there where people have been evacuated, they're still many staying behind in these very dire conditions. so the humanitarian situation is really grave, very grave. and of course, there now worries that russia might double down. what are you hearing about russia intensifying its attacks across the country? and that's again hard to say. there has been, there have been attacks throughout the time, and russia is advancing slowly. but what we see that russia does not do it, is not able to, to, to turn the page completely. the gains that it has made in the south are there, but then the north, it's more there they are stalling. am it we're hearing that russia is regrouping, is bringing in new technology and is preparing for an a major assault on kia and other places in the north. but we do not know whether they will succeed or not until now. their successes have been a limited let say they are,

much that my children are in cottage degree clinical with that of the russians are trying to enter harker honey as i tanks are attacking the city. yes. and i have stops. there shelling residential areas of st. louis at night. they bombed the airport very heavily. watching sina only dylan interested in amsterdam. we flew to is tumble for 4 days for a break. and our children stayed with their grandmother and khaki, the dealer. but now they stuck. there, today they had to go to the cell a 3 times. you had to remove saddam more, we need to get home to you crying to defend you crying. is this you read your good a know maria and her grandchildren managed to escape the fighting. but steamer and natalia have a long journey ahead of them through a war zone. the very place that these people have fled at us. we're afraid for our lives. we don't know what will happen to morrow. we need weapons give us weapons to defend our country. they cannot support us unless things people are fleeing because shells are exploding around us. your whole yes. what they're attacking us from the air and no one stopping

to be handing out firearms to civilians and done. yet. sc resident stuck in the ukrainian city of harker says that he fears for his life is pulled up everywhere. here. there is darkness, like in the films of world war 2. it is dark and the streets because the lights are turned off everywhere. including in the residential buildings. i experienced the same in 2014, 2015 and 2016. because i am from mckay of car and don bus. the ukranian nationalists came to us brother against brother. and now they are saying outragious stuff in the media. the putin is hitler, for example. it's not is nonsense. they are trying to rewrite history. to be honest, i've been waiting for this moment for the past 8 years, but not at such a price. on the other hand, there is a proverb, a wedge kicked down with a wedge. so sooner or later this was going to happen, especially because so many people have died and the next guy and lou, hans during this time there is looting here ukrainians of robbing stores. it was expected, they would give him weapons. and now the other hating is if everything is permitted, but if you

and here is another video from the region taken in ukraine's 2nd largest city harker. you can see flashes caused by intense shilling throughout the night. the o. s. c, which for years has been monitoring the conflict in the dawn bass said one of its members was killed in the heart of this week. either russia nor ukraine has given any statement on that matter. city streets in ukraine have reportedly descended into chaos as the government is said to be heading out firearms to civilians. don, yes, residence stuck in ukrainian city of hanukkah says he fears for his life is pulled and broke everywhere. here. there is darkness, like in the films of world war 2. it is dark in the street because the lights are turned off everywhere. including in the residential buildings. i experienced the same in 2014, 2015 and 2016. because i am from mckay of car and don bus. the ukranian nationalists came to us brother against brother. and now they are saying outragious stuff in the media. the futon is hitler, for example. that is nonsense. they are trying to rewrite history. to be honest,

yeah, there have been continuous attacks again on the key if and harker of the most 2 most important cities of ukraine. and in another news, the russian troops are again, inside the town of have song, tests on this. one is, is we're a city close to crimea. there were, have been a incursions for irv by russian troops from several sides from the east, from the north and from the south from crimea. and this city of hassan has been, it has been, they have, have been there before, then they were driven out. and now they are inside there again. and this would be the 1st big city in a new crane where they seemed to have taken control. although fighting is still going on, and the thing is decided yet, a massive column of russian troops and weaponry is headed toward key at the capital . is the city capable of repelling an attack by a force like that was so far we have seen that the city has been more capable of repelling attacks than previously thought, but of course it is a very significant number. we don't know what they are meant to do. are they meant to close the ring around key iv and, a

point, their lives are no longer under threat. russia claim so besieged ukraine, 2nd largest city of harker. most of the buildings there have been completely destroyed. local authorities earlier stated that russian troops intensified their shelling of the city with more than 50 strikes being reported the previous night. with these doors between russia and ukraine going on throughout the week, both sides have started an exchange of prisoners. 11 crew members of the millennial spirit ship, which was attacked in the black sea, have returned back to moscow after been detained for a month. 7 of them didn't have any identity documents, and you can see crew members in this footage signing papers to get them. nevertheless, they had of rushes, negotiation theme says talked still have a long way to go with us who would representatives of the ukrainian delegation, talk about optimism and great progress in the negotiations. but i don't share their optimism because there is no movement on the principle positions that the russian side insists on. unfortunately, we see a desire on the part of our ukrainia

now here's another video from the region in ukraine, 2nd largest city of harker. you can see flashes caused by intense, showing throughout the night. we heard from a local woman hiding in the basement. there's some criminal court that says it is all ready to see the day we are here in the basement. we are worried very much and it is very scary. we have small children, elderly people, and frankly speaking, it is very frightening. it is a nightmare review from the inside very strongly. this cannot be explained with words at the russians. military has confirmed that a conducted a strike on the television tower and key of and it says no residential buildings were damaged. it has also reported taking control of a regional center in the south of ukraine, but that has been denied by ukraine's defense ministry, which says the battle is still ongoing. ortiz maria phenomena. as the details pushes offense, ministry spokesperson, major, generally going to shenker said that his son, a big city on the black sea in the south, original capital, is now under total control of the r

there are many hotspots at the moment, sir. harker and kia remain some of the most of the worst attacked or, or a cities where we have the worst damage also to the civilian population. shelling is going on them, or your poll is and circle. we don't have a lot of news from there because the city is mostly cut off and you communication as well as electricity and a gas supply. so this is, looks very dire there. here i am now at the, near the train station in leaf. and this is one of the places where many refugees arrive and we are hearing a lot of a lot of very sad stories or we have so we are seeing people coming in still from har, give their trains evacuating people. but we also see that people fleeing from places that have so far not been attacked like me, brought in the east or odessa in the south, where the russian army is advancing, and where people are afraid of, of fighting in odessa, people have said they could already hear some fighting, although it seems to be still quite far away from the city. so, fighting is intensifying across the country. it's a very dangerous situation, or

is 4 years, been monitoring the conflict, and the don bass said one of its members was killed in harker this week. neither russia or ukraine has given any statement on that so far, city streets in ukraine have descended into chaos. as the government is said, to be heading out firearms to civilians. a don yes, residence stuck in the ukrainian city of hark of says he fears for his life. pullman rope everywhere here. there is darkness. like in the films of world war 2, it is stuck in the street because the lights are turned off everywhere. including in the residential buildings. i experienced the same in 2014, 2015 and 2016. because i am from mckay of car and don bus. the ukranian nationalists came to us brother against brother. and now they are saying outragious stuff in the media. the futon is hitler, for example, it's not is nonsense. they are trying to rewrite history. to be honest, i've been waiting for this moment for the past 8 years, but not at such a price. on the other hand, there is a proverb, a wedge kicked out with a wedge. sooner or later this was going to happen, especially

and to the ne harker has also been heavily shelled a markets was hits and you can see the aftermath clearly in this footage, they're also reported to fight the jets was down in the area with both sides, claiming credits for the it's art. and so mon verified footage is purported to show a missile strike in the prosecutor's office on the t. v tower been a ukrainian woman whose husband was killed by armed looters was left terrified and injured. thus after the couple fled key of with a child for this summer house outside the capital, no throne has been treated for a gunshot wound in the city hospital of mosier in bella bruce or shallow. it seemed like everything was fine. there were no soldiers or military vehicles in the village, but they were nearby driving along the central highway. my husband went outside, closed the door and went to his neighbor to collect water from the well. he was then shot dead by 2 people. they were not soldiers, but most likely armed looters. weapons are being distributed to every one. now. they fired at the windows and then climbed into the house. they looked around

sirens are reported to have gone off in multiple cities this morning. desperate conditions continue in harker and mario hall. satellite images, they show russian tanks that had formed a column north of cave. now moving to surround the ukrainian capital. some experts are.