j.p. morgan personal advisors. hey david! connect with an advisor to create your personalized plan. let's find the right investments for your goals. okay, great. j.p. morgan wealth management. conventional thinking delivers conventional results. at allspring, we break away with purpose. harnessing data-driven insights and boundless curiosity. we dissect the market from every angle. helping to build portfolios that redefine what's possible. because investing isn't one size fits all. allspring. purposefully divergent. introducing j.p. morgan personal advisors. hey david! connect with an advisor to create your personalized plan. let's find the right investments for your goals. okay, great. j.p. morgan wealth management. >> let's say the fed hadn't stepped up and silica and valley failed and a whole bunch of startups lost their venture dollars, that would have been an event that i think would have been way worse. that would have been catastrophic. ed: i was long time venture capitalist though girly w

j.p. morgan personal advisors. hey david! connect with an advisor to create your personalized plan. let's find the right investments for your goals. okay, great. j.p. morgan wealth management. >> from new york city for our viewers worldwide, i am katie greifeld. bloomberg real yields starts now. coming up, to the break and back for the banks ripping up global rate hike expectations ahead of the fed as the primary market goes dark. we begin with the big issue, all eyes on powell. >> silver gay -- >> signature -- >> first republic -- >> it has been a boring time -- >> good bank and bad bank, what everyone a call it the kwak friction in areas of the financial markets -- >> investing weakness wherever they can -- >> the bond market is the place where you see the volatility express itself -- >> the fed hiking rates next week has the potential to be the greatest gap -- >> policy option becomes more and more restrictive -- >> next week's meeting is a tough call. i think they should pause. -- >> it is re

j.p. morgan wealth management.hat does it mean to be ever better? its your customers getting what they ordered when they expect it. discover how ryder ecommerce makes your customer's experience ever better. no, it's literally never crossed my mind. what if we live to like 100? that's 35 years of being retired. i don't want to outlive our money. and i have been eating all these stupid chia seeds! i could totally live to be 100! why do i keep taking such good care of my- since we started working with empower, we're able to get all our financial questions answered, so we don't have to worry. so you never- no. never. join 17 million people and take control of your financial future to empower what's next. start today at empower.com introducing j.p. morgan personal advisors. hey david! connect with an advisor to create your personalized plan. let's find the right investments for your goals. okay, great. j.p. morgan wealth management. >> you and to be again in the middle. you and debbie yet again flip-flopping. you and up

j.p. morgansonal advisors. hey david! connect with an advisor to create your personalized plan. let's find the right investments for your goals. okay, great. j.p. morgan wealth management. it's easy to get lost in investment research. introducing j.p. morgan personal advisors. hey david! connect with an advisor to create your personalized plan. let's find the right investments for your goals. okay, great. j.p. morgan wealth management. ♪ >> overall, the european banking sector remains strongly capitalized and it remains very liquid. we have not seen the kind of deposit flights that caused problems in the u.s. we have seen some shift from knowledge disparity. typically within the inking system. it doesn't cause a liquidity is true. -- issue. guy: howard davies, speaking earlier, talking about the european liquidity story. if you take a look at the numbers, it is better than what we see in the united states -- united states. we have seen european angst getting sold off very hard this week. u.k. ban

j.p. morganersonal advisors. hey david! connect with an advisor to create your personalized plan. let's find the right investments for your goals. okay, great. j.p. morgan wealth management. go. go brain. no, not that one. go this one. go optimizing data. go efficiency. go results. emerson's plantweb digital ecosystem is the brain for smarter, safer and more sustainable performance. go plant go. go boldly. emerson. it's easy to get lost in investment research. introducing j.p. morgan personal advisors. hey david! connect with an advisor to create your personalized plan. let's find the right investments for your goals. okay, great. j.p. morgan wealth management. >> since july last year, we have raised interest rates by 350 basis points. however, inflation is still high, and uncertainty around its path ahead has increased even more recently. this makes a robust strategy going forward essential. alix: that was christine lagarde, president of the today. that takes us to the question of the day, you h

j.p. morgan wealth management. it's easy to get lost in investment research. introducing j.p. an personal advisors. hey david! connect with an advisor to create your personalized plan. let's find the right investments for your goals. okay, great. j.p. morgan wealth management. what does it mean to be ever better? its your customers getting what they ordered when they expect it. discover how ryder ecommerce makes your customer's experience ever better. >> we are squarely focused on doing our job, and you should rest assured we will remain vigilant. i look forward to continuing to work together. alix: you are listening to secretary of the treasury janet yellen. we will update you more. she just finished her opening statement, talking about how the banking system is safe and sound and integral to the american economy and is focused on doing her job. it sets us up for our question of the day, which is are we headed for a minsky moment? the market might be telling you know what are we headed for it and what is it telling you. aoifinn devitt joins us now. aoifinn: a minsky moment com

j.p. morganealth management. at allspring, we break away with purpose. harnessing data-driven insights and boundless curiosity. we dissect the market from every angle. helping to build portfolios that redefine what's possible. because investing isn't one size fits all. allspring. purposefully divergent. it's easy to get lost in investment research. introducing j.p. morgan personal advisors. hey david! connect with an advisor to create your personalized plan. let's find the right investments for your goals. okay, great. j.p. morgan wealth management. >> deutsche bank has fundamentally modernized and reorganized its business model and is a very profitable bank. there is no reason for concern. alix: that was german chancellor olaf scholz speaking and brussels where everyone said oh no, did i lose my weekend? joining us now is chris watling. the last couple of weekends we have had banks fail, credit suisse, are you prepping to go into the weekend like this? chris: i week most weekends anyway, we will

j.p. morganersonal advisors. hey david! connect with an advisor to create your personalized plan. let's find the right investments for your goals. okay, great. j.p. morgan wealth management. ♪♪ what will you do? will you make something better? create something new? our dell technologies advisors can provide you with the tools and expertise you need to bring out the innovator in you. advancing flight for future generations. ♪ welcome to a new era of flight. it's easy to get lost in investment research. introducing j.p. morgan personal advisors. hey david! connect with an advisor to create your personalized plan. let's find the right investments for your goals. okay, great. j.p. morgan wealth management. >> i can reassure the members of the committee our banking system is sound and americans can feel confident that their deposits will be there when they need them. this week's actions demonstrate our resolute commitment to ensure that our financial system remains strong and the depositors savings re

j.p. morgan, there's a deposit cap. unless euro to make the next j.p. organ chase, is a crisis -- unless you are going to meet the next j.p. morgan chase, is a crisis like this very public. or do they go about it would as of this rescue of the biggest banks. ed: things to you both. coming up, more on the banking crisis impact, particularly on tech investment venture. caroline: we have got to think about the funding that has been drawn out. just check out the shares slamming today. it said it will halt operations while attempting to get more funding. a part of its value being eroded on the day. -- a third of its value being eroded on the day. this is bloomberg. - [mo] if you're thinking about going back to school, this is for you. ♪ - i ended up spending less money my entire time at snhu than i did in just one year at my other university. - [juan] my time at snhu has given me more confidence. now i can go for that promotion. - if you're ready to go back to school... you can do it. southern new hampshire university has changed my life. and it can change yo

j.p. morganersonal advisors. hey david! connect with an advisor to create your personalized plan. let's find the right investments for your goals. okay, great. j.p. morgan wealth management. was also the first time your profits left you speechless. at the counter or on the go, save 20% with the lowest transaction fees and keep more of what you make. start saving today at godaddy.com introducing j.p. morgan personal advisors. hey david! connect with an advisor to create your personalized plan. let's find the right investments for your goals. okay, great. j.p. morgan wealth management. caroline: time now for going viral, today we focus on twitter, who will be removing verified marks next week as it works toward a model where only paid subscribers, members of approved organizations have the status. the move to strike legacy verification begins april 1 and is one of the earliest policy changes announced by elon musk who described the existing program as corrupt. shortly after taking over late last ye

j.p. morganlth plan, a new tool in the chase mobile® app. use it to set and track your goals, big and small... and see how changes you make today... could help put them within reach. from your first big move to retiring poolside and the other goals along the way wealth plan can help get you there. j.p. morgan wealth management. yvonne: here is your latest business flash headlines. toshiba has accepted a buyout offer from japan industrial partners. it is a 10% premium over toshiba's closing price on thursday. it gets toshiba a step closer to ending years of uncertainty after multiple scandals. shares up 5%. apple plans to spend a billion dollars a year to produce movies that will be released in theaters. it is a part of an effort to raise its profile in hollywood. it includes films from martin scorsese and ridley scott. aside sure is joining the growing list of companies that is laying off workers. they will cut 19,000 jobs. over half of the jobs will affect people in nonbillable corporate functio

j.p. morgan wealth management. cuts, it is too early to say. we have clearly -- we are clearly cognizant of economic factors. we will be considerate employers, but we need to do this in a rational way, thoughtfully, and when we have sat down and analyze what we need to do. rishaad: that is the ubs chairman: keller after the takeover of credit suisse. because of that, recruiters across the world are getting unprecedented calls from bankers from credit suisse of his three looking for new jobs as the lender's is a takeover by ups. yvonne: let's bring in our correspondent. anne-marie, really a global effort from our colleagues, great story. give us a sense of what is happening with all of these credit suisse employees anxious about their jobs. daniel: good morning. it is a depressing environment for the credit suisse employees globally, as one would expect in a forced banking merger. we are hearing about unprecedented volumes of calls from one headhunter in singapore for example, handling calls from 30 bankers on monda

the j.p. morganent survey tells us that the change from week to week is that there are more outright long in the treasury market, their bets that rates will fall. all these changes in recent days has led to this recent graphic. the stakes are incredibly high, going into this, when you look at actual two-year treasury futures. you have to go past the gse to the early 80's to get something that we have gotten these last 10 days or so. it is something going into the fed meeting. i cannot stress this enough. vonnie quinn has a first word news. vonnie: thank you. japanese prime minister kishida has made his first visit to kyiv since russia's invasion. he offered support to ukraine and invited linsky --zelinski to join the summit in may. kishida made a trip to new delhi to pressure the prime minister to join other leaders in shunning russia over its invasion. japan is set to host the g7 summit in hiroshima. the imf has reached a level agreement for $15.6 billion loan for ukraine, to promote the economic re

j.p. morganersonal advisors. hey david! connect with an advisor to create your personalized plan. let's find the right investments for your goals. okay, great. j.p. morgan wealth management. it's easy to get lost in investment research. introducing j.p. morgan personal advisors. hey david! connect with an advisor to create your personalized plan. let's find the right investments for your goals. okay, great. j.p. morgan wealth management. caroline: wall street leaders and u.s. officials are discussing intervention at first republic bank, discussing the possibility of government banking. this after we learned pac west has beefed up liquidity after deposit exodus from its fed chair banking segment. meanwhile fintech startups have moved to provide emergency funding to companies. they told bloomberg late seen record business from startups that have funds trapped in silicon valley bank. joining us to discuss the macro and innovations of their own, the co-ceo who is not only on boarding in a rapid rate

j.p. morgan wealth management.david: let me ask you about being secretary of commerce. penny: yes. david: you are a very successful business person in chicago, very active in civic events and so forth. all of a sudden, someone you knew, barack obama, becomes president of the united states and in his second term, you become secretary of commerce. why did you want to uproot yourself and moved to washington for the second part of his administration? did you enjoy being secretary of commerce? penny: i loved being secretary of commerce. it was an honor of a lifetime to serve our country and serve in his administration. barack obama and i have a relatively long history. i met him when my kids were five and seven years old. their basketball coach at the lincoln belmont y was michelle robinson's brother craig. -- craig robinson. i met barack and michelle when he was a state senator and i think she was working at the university of chicago. i had known them for a long time. i knew what terrific individuals they were, and whe

j.p. morgan wealth management.hat do you see on the horizon? uncertainty? or opportunity. whatever you see, at pgim we can help you rise to the challenges of today, when active investing and disciplined risk management are needed most. drawing on deep expertise across the world's public and private markets in pursuit of long-term returns... pgim. our investments shape tomorrow today. it's easy to get lost in investment research. introducing j.p. morgan personal advisors. hey david! connect with an advisor to create your personalized plan. let's find the right investments for your goals. okay, great. j.p. morgan wealth management. caroline: betting against jack dorsey, hindenburg research strikes again, if forensic research outfit and a well-known short seller, this time claiming that the company that jack dorsey runs was facilitating people who frozen government stimulus during pandemic. title is down 20% on the news. hindenburg research claims that after two years of investigation they understood that cash app was

j.p. morganersonal advisors. hey david! connect with an advisor to create your personalized plan. let's find the right investments for your goals. okay, great. j.p. morgan wealth management. advancing flight for future generations. ♪ welcome to a new era of flight. it's easy to get lost in investment research. introducing j.p. morgan personal advisors. hey david! connect with an advisor to create your personalized plan. let's find the right investments for your goals. okay, great. j.p. morgan wealth management. >> i have made clear there is no trade-off between price stability and financial stability. we have plenty of tools to provide liquidity support to the financial support if needed. and to preserve the smooth transmission of our monetary policy. >> hawkish stuff from president lagarde of the ecb. euro-dollar very close to 108 this morning. welcome to the program. euro-dollar looks like this. positive 2/10 of 1%. equity futures down going to chairman powell's news conference later and fed de

j.p. morgan wealth management. it's easier than ever to■ get your projects done right. inside, outside, big or small, angi helps you find the right so for whatever you need done. with angi, you can connect with and see ratings and reviews. just search or scroll to see upf on hundreds of projects. and when you book and pay throug you're covered by our happiness it's easy to make your home an a check out angi.com today. angi... and done. rishaad: we are back. having a look at the latest headlines. pfizer striking a deal to acquire a cancer drug maker for $43 billion. it will pay $229 per share in cash to seagen. the deal seeks to boost pfizer's cancer drug portfolio as it sets its course post-pandemic. >> it is giving us the ability to repeat once more what we did with biotech and the technology of mrna against vaccines with vaccines, and now, we can do it against cancer. it is a unique technology that can become one of the biggest answers to many cancer tumors that have no solution. rishaad: let's have a look at the

j.p. morgan wealth management. kriti: this is bloomberg markets. today's interest rate decision is perhaps hoping traders chart a number of unknown variables. so many questions. who better to ask then michael mckee now joining us from the federal reserve in d.c.. i imagine you have a long list of questions to ask chairman powell. what do you think you will answer? mike: that's a tough question. the issue for the chairman is, how does he manage to make the case the fed is on top of the banking system? the banking system is not falling apart, yet, the fed still need to raise interest rates because inflation is still a problem. that will be his challenge. we will get the statement, the projections for the economy. then we have seen in many past meetings that by the time those come out, the market trades one way and the chairman comes out and the market trades another. it's a balancing act kriti: kriti: for him today. k what do we expect to hear on the quantitative tightening front about the balance sheet, despite, the

j.p. morgan wealth management. introducing j.p. morgan personal advisors. hey david!with an advisor to create your personalized plan. let's find the right investments for your goals. okay, great. j.p. morgan wealth management. i screwed up. mhm. i got us t-mobile home internet. now cell phone users have priority over us. and your marriage survived that? you can almost feel the drag when people walk by with their phones. oh i can't hear you... you're froze-- ladies, please! you put it on airplane mode when you pass our house. i was trying to work. we're workin' it too. yeah! work it girl! woo! i want to hear you say it out loud. well, i could switch us to xfinity. those smiles. that's why i do what i do. that and the paycheck. everything's changing so quickly. before the xfinity 10g network, we didn't have internet that let us play all at once. every device? in every room? why are you up here? when i was your age, we couldn't stream a movie when the power went out. you're only a year older than me. you have no idea how good you've got it. huh? what a time to be alive.

j.p. morganersonal advisors. hey david! connect with an advisor to create your personalized plan. let's find the right investments for your goals. okay, great. j.p. morgan wealth management. was also the first time you heard of a town named dinosaur, colorado. we just got an order from dinosaur, colorado. start an easy to build, powerful website for free with a partner that always puts you first. start for free at godaddy.com this is ge aerospace, advancing flight for future generations. ♪ welcome to a new era of flight. it's easy to get lost in investment research. introducing j.p. morgan personal advisors. hey david! connect with an advisor to create your personalized plan. let's find the right investments for your goals. okay, great. j.p. morgan wealth management. >> this is a different situation than the financial crisis. the banks is not a question of confidence in banks, it is not about the economy collapsing. in the last recession, during the great financial crisis, we were in recession be

j.p. morganersonal advisors. hey david! connect with an advisor to create your personalized plan. let's find the right investments for your goals. okay, great. j.p. morgan wealth management. it's easy to get lost in investment research. introducing j.p. morgan personal advisors. hey david! connect with an advisor to create your personalized plan. let's find the right investments for your goals. okay, great. j.p. morgan wealth management. caroline: coca-cola is the latest big-name revealing new ai tools. they announced in ai platform that lets you generate original artwork iconic coca-cola visual assets, having partnered with open ai for the initiative, we are welcoming john murphy into the discussion. you focus on innovation, how it drives revenue. how does a deal like this drive revenue? john: thanks. we are at the forefront of a new knowledge and capability. we believe it is part of our ongoing marketing agenda, the transformation of our marketing agenda. and any new, exciting engagement with o

j.p. morgan wealth management.y day, millions of things need to get to where they're going. and at chevron, we're working to help reduce the carbon intensity of the fuels that keep things moving. today, we're producing renewable diesel that can be used in existing diesel tanks. and we're committed to increasing our renewable fuels production. because as we work toward a lower carbon future, it's only human to keep moving forward. and it's easier than ever to■ get your projects done right. inside, outside, big or small, angi helps you find the right so for whatever you need done. with angi, you can connect with and see ratings and reviews. just search or scroll to see upf on hundreds of projects. and when you book and pay throug you're covered by our happiness it's easy to make your home an a check out angi.com today. angi... and done. yvonne: here is your latest business flash headlines. the technology behind chatgpt will be integrated into more microsoft products. copilot will be added to its business apps includi

j.p. morgansonal advisors. hey david! connect with an advisor to create your personalized plan. let's find the right investments for your goals. okay, great. j.p. morgan wealth management. what does it mean to be ever better? its your customers getting what they ordered when they expect it. discover how ryder ecommerce makes your customer's experience ever better. advancing flight for future generations. ♪ welcome to a new era of flight. it's easy to get lost in investment research. introducing j.p. morgan personal advisors. hey david! connect with an advisor to create your personalized plan. let's find the right investments for your goals. okay, great. j.p. morgan wealth management. >> we have seen that we have the tools to protect depositors when there is a threat of serious harm to the economy or financial system. we are prepared to use those tools, and depositors should assume that their deposits are safe. jonathan: chairman powell did his job but at the same time there is this exchange with

j.p. morgan wealth management.t's easy to get lost in investment research. introducing j.p. morgan personal advisors. hey david! connect with an advisor to create your personalized plan. let's find the right investments for your goals. okay, great. j.p. morgan wealth management. ed: time for a quick wall street beat where we take a dive into wall street. today, circle choosing france as its european headquarters. interesting the conversation with cathie wood, the u.s. might not be the for -- the most friendly regulatory environment. caroline: almost like a competition to wall street. what is interesting with circle was the exposure to silicon valley bank. we got a deep egg of its -- id peg of its stablecoin. notable that london is trying to be the place, u.k. is trying to be the place for european regulatory space for crypto, but france seems to be winning out. ed: i remember five years ago when circles main job was to move money between borders. coming up, we will talk about generative ai and the security landscap

j.p. morgan wealth management.: it is time for the bloomberg business flash. a look at the biggest business stories right now. bitcoin is having its worst week since november. and of fear of selloff over higher -- selloff over fear of higher interest rates. bid cloning -- bitcoin fell below $20,000 for the first time since january. the u.s. is trying to close a loophole on chinese service -- server makers. it allows companies like intel to keep supplying them as affiliates. they are added to an export blacklist. gap shares are lower after sales missed estimates. they struggled to attract shoppers during the holiday season despite his -- discounts. they been looking for a new ceo since july. that is your bloomberg business flash. alix: we appreciated it is 7:21 silicon valley starts its morning. there is only one story we are speaking with caroline hyde. what is happening with svb. >> sadness and fear all combined. i was sitting on your show yesterday and the numbers started trickling in. the portfolio companies sta

j.p. morgan wealth management. it's easy to get lost in investment research. introducing j.p. morgan personal advisors. hey david! connect with an advisor to create your personalized plan. let's find the right investments for your goals. okay, great. j.p. morgan wealth management. - [announcer] imagine having fuller, thicker, more voluminous hair instantly. all it takes is just one session at hairclub. introducing xtrands. xtrands adds hundreds or even thousands of hair strands to your existing hair at the root. they're personalized to match your own natural hair color and texture, so they'll blend right in for a natural, effortless look. call in the next five minutes and when you buy 500 strands, you get 500 strands free. call right now. (upbeat music) >> so, as i suggested, my favorite question of the days does the buck stopped here, and i was told that i could ask that question, will ask the question, are we at this point where we have a king euro, king pound king krone, king frank. we have se

j.p. morganersonal advisors. hey david! connect with an advisor to create your personalized plan. let's find the right investments for your goals. okay, great. j.p. morgan wealth management. >> the market is telling the fed to be done. >> it's very soon to make a call and the fed being done. >> what happens in march, i don't know. >> i don't care if they go 25 or 50 basis points. >> what i'm concerned about is whether we are entering a time of much tighter lending standards. >> the financials to ability risks seem to be somewhat isolated with a couple of banks. >> it doesn't change the fact we have inflation above trend here. >> cpi is going to be crucial in determining whether the fed is done. >> inflation is running very hot and you have a very strong leg -- very strong labor market. >> bloomberg there on the svb collapse. our next guest expects the fallout will expose and under appreciated risk on the markets. always great to see you under such unusual circumstances. we talk about secondary ri

j.p. morgan wealth management.aad: let's have a look at the latest business flash headlines. coming through the books of svb 's u.k. arm after it finalize the deal to acquire it for one pound. it is conducting due diligence to determine the specifics of what they bought. the hsbc management did not speak to svb's executives before signing the deal monday. staying with hsbc, bloomberg has been told the bank is cutting by a quarter the base paid offers to promoted bankers. they are offered a salary of around $274,000. it comes as the u.k. proposes lifting caps on bonuses imposed when it was part of the european union. apple is apparently stepping away from its belt tightening efforts amid uncertain times in the tech industry. the world's most valuable company will make bonus payouts less frequent for some of its employees, limiting hiring for more jobs and watching travel spending. they avoided mass layoffs and have reduced budget headcount goals and paused hiring across several divisions. david: let's have a look ac

j.p. morganlth management. this is ge aerospace, advancing flight for future generations. ♪ welcome to a new era of flight. it's easy to get lost in investment research. introducing j.p. morgan personal advisors. hey david! connect with an advisor to create your personalized plan. let's find the right investments for your goals. okay, great. j.p. morgan wealth management. 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 jonathan: live from new york city, welcome to the program. i'm jonathan ferro alongside lisa abramowicz. tom will be back in a week. equities unchanged on the s&p 500. on the nasdaq, of every single day of the week. closing higher by almost 6%. we are back to that in the equity market. lisa: again, i cannot create a narrative. at what point to people look at the prospect for fewer rate hikes from the

j.p. morgan wealth management.hen you automate sales tax with avalara, iling returns. avalarahhh ahhh >> more likely than not, we will see a recession with the rise in unemployment and some negative prints in gdp. have a rate hike cycle of this magnitude and how quickly that is going to be the outcome. of the odds of a hard landing gone up? they certainly have. shery: former fed vice chair on the likelihood of a recession. our next guest says the baking a people has not changed her market views and there are still buying opportunities. joining us now is lorraine tan directory -- director of research for morningstar. investors seem to have been spooked even away from asian lenders, despite the fact that the backdrop seems to be very different in the region. so, where are the opportunities? lorraine: hike. we haven't really changed our views, we are still looking at where there is value and, it tends to be still within the cheapest sectors, that includes both the tech and consumers areas. as you mentioned, there are

j.p. morgan wealth management.n: a look at that -- ritika: goldman sachs losing joe monsanto, a key player into the number one rank in equities for two straight years. his pay rivaled the 75 million dollars awarded to the goldman ceo, david solomon over a three-year period. he does not have another job lined up. formula one racing season began over the weekend. a defensive back to back titles by winning the race. formula one has become a sensation in the u.s., in part due to the netflix series drive to survive. we spoke with the principal. >> it has introduced formula one into a younger audience and -- an american audience. out of the 25 new partners we have introduced in the last three years, 21 of them are u.s. based. it is on fire at the moment. ritika: the u.s. will host three formula one races this year. tesla is cutting prices for the second time this year. they are lowering the price to $90,000 for model x. that is your latest business flash. guy: went to an minutes past 7:00. the top stories in the bay area

j.p. morgan wealth management.he first time you connected your godaddy website 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 it's easy to get lost in investment research. introducing j.p. morgan personal advisors. hey david! connect with an advisor to create your personalized plan. let's find the right investments for your goals. okay, great. j.p. morgan wealth management. shery: we are saying pressure in the after our session but this is after gains in the regular session, the s&p 500 topping the 4000 level, extending its advance above the key 200 moving day average. this as lead, for the past two weeks. remember, things really went badly for the banking sector around march 7. so if you look back, you have seen the s&p 500 has recovered all of its losses and has added a little more. the banking sector still hammered, as you can se

j.p. morgan wealth management. the x-axis in 2007 was funded by leverage. in 2021, we are funded by equity. while we will have some amount of distress, i don't believe the distress cycle will be anything like we saw in 2008. i think most of the pain will be borne by equity. alix: that was the apollo global manager and cofounder speaking to francine lacqua earlier today. post powell positioning into payrolls. what is it? confused everybody, so what happens into tomorrow morning? ann berry, threadneedle founder, joins us. where is the market set up for tomorrow? ann: i think it is completely discombobulated. we will see the market heading in limbo until the numbers come out, and they will dictate whether we see a 25 or 50 basis point hike. guy: discombobulated. great word. if we get a blowup number tomorrow, how does the market react? if we get a week number, how does the market react? how big is the spread between one or the other? ann: it could be huge. 825 basis -- a 25 basis point hike is huge. if we see a strong

j.p. morgan wealth management.haad: a clear reason why the catalyst is the moment. the hang seng is at 1.4%. we are also looking at perhaps these chinese stocks that are u.s.-listed. on the way up, even though the biden administration is nearing completion of an executive order that would restrict exports that help china's technological advantage. looking elsewhere at what is going on with hong kong. let's look at those in more detail. there we go, oil prices moving to the upside. that is helping the energy industry group is the best performer on msci china. alibaba and china h-shares definitely on the advance. mitsubishi heavy is under bit of pressure now. it is heavy because of this h street rocket launch failure. it had to be given a self-destruct order. there we go. yvonne: we talked about the launch and then when we entered the show, they said there was a district commander that was made. that failure is certainly bringing the stock down. but the rest of the market, what a turnaround. china is lifting the rest

j.p. morganlth plan, a new tool in the chase mobile® app. use it to set and track your goals, big and small... and see how changes you make today... could help put them within reach. from your first big move to retiring poolside and the other goals along the way wealth plan can help get you there. j.p. morgan wealth management. when you automate sales tax with avalara, you don't have to worry about things like changing tax rates or filing returns. avalarahhh ahhh >> the chance of having a soft landing as we go through 23 to 2024 is higher than i thought it was six months ago. we have a war in europe that is tough. it's complex, the relationship between the west and china, which is the head went to growth. there is plenty that will go bankrupt. >> i don't think that is a crazy statement. that is not the bulk of the stack -- a stock market. there is a pocket of the stock market. the girl -- growth of your stuff , even the cyclical names have gone too far could have as much as 20%. no problem. risha

j.p. morgannal advisors. hey david! connect with an advisor to create your personalized plan. let's find the right investments for your goals. okay, great. j.p. morgan wealth management. x with avalara, you don't have to worry about things like changing tax rates or filing returns. avalarahhh ahhh i screwed up. mhm. avalarahhh i got us t-mobile home internet. now cell phone users have priority over us. and your marriage survived that? you can almost feel the drag when people walk by with their phones. oh i can't hear you... you're froze-- ladies, please! you put it on airplane mode when you pass our house. i was trying to work. we're workin' it too. yeah! work it girl! woo! i want to hear you say it out loud. well, i could switch us to xfinity. those smiles. that's why i do what i do. that and the paycheck. >> i'm part of a venture-capital team. i'm outside silicon valley bank 's office in san francisco. they are in the nasdaq building. all morning there has been a slow trickle of customers comin

j.p. morganlth management. get refunds.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. it's easy to get lost in investment research. introducing j.p. morgan personal advisors. hey david! connect with an advisor to create your personalized plan. let's find the right investments for your goals. okay, great. j.p. morgan wealth management. >> i hope we are through the wires. i think there are still questions around the world. have there been weaknesses that have been exposed. it certainly seems they cute of the crisis is done. jonathan: that is what everyone hopes. built winters there -- bill wi

j.p. morgan personal advisors. hey david! connect with an advisor to create your personalized plan. let's find the right investments for your goals. okay, great. j.p. morgan wealth management. >> we've seen some strong topline growth which is positive. it is operating and profit, and absolutely strong. costs in our business are down. it is set against the backdrop of the market volatility that we've seen over the last 12 months. we see a very confident result which is why we are saying that we are on track to be -- beat or exceed our targets. >> that was the aviva ceo talking to bloomberg television earlier on, talking about results. the company results we've seen thus far have in many respects exceeded expectations. are they the driver of the outperformance we've seen from european equities thus far this year. did the europeans earnings season justify the outperformance? joining us now is a jp morgan asset management. nice to see. >> is europe outperforming on that or whether or lower gas prices

j.p. morgan personal advisors. hey david! connect with an advisor to create your personalized plan. let's find the right investments for your goals. okay, great. j.p. morgan wealth management. >> from new york city for our viewers worldwide, i am katie greifeld. "bloomberg real yield" starts now. katie: coming up, bond traders brace for rate cuts as powell says not so fast. times of trouble in european bank reemerge in the bond market and a record flood of cash hits money market funds. we begin with the big issue, fighting the fed. >> the market has anticipate a lot of rate cuts this year. >> working under the assumption one more hike and then we are done. >> the fed is in the zone of being done. >> the market is on a hairtrigger waiting for pivoted. >> it is how fast they cut and when they start cutting. >> equity markets will have to correct much further. >> those cuts priced by the market could be justified. >> things would have to get worse before they get better. >> chair powell wednesday ef

j.p. morgan wealth management.ffice sounds] ♪upbeat music♪ ♪♪ ♪when the day that lies ahead of me♪ ♪♪ ♪seems impossible to face♪ ♪a lovely day (lovely day)♪ ♪(lovely day) (lovely day)♪ ♪(lovely day)♪ a bank that knows your business grows your business. bmo. guy: ecb president christine lagarde is giving testimony before the committee on economic and monetary affairs in the european parliament. this is taking place in brussels. the line she has come out with in her opening statement is similar to what was delivered last thursday. let's take the temperature of what is happening because this comes off a week and where we thought the ubs-credit suisse deal put together. maria tadeo is there for us. the statement looks fairly similar. any differences, and what kind of questions do you think she is going to get? maria: well, not for the statement, because there is one thing we should make clear. what we see today with madame lagarde is not exceptional and not a response to the ubs deal and credit suisse that happened yes

j.p. morgan wealth management.s easy to get lost in investment research. introducing j.p. morgan personal advisors. hey david! connect with an advisor to create your personalized plan. let's find the right investments for your goals. okay, great. j.p. morgan wealth management. alix:alix: pac west securing $1.4 billion in cash from atlas partners. this at the same time as it saw 20% deposits fleeing in the last couple weeks. customers handing over 20 -- 20% of deposits. billions of dollars. joining us, bruce richards. great to get your perspective on this. what is your take on this deal? bruce: well the news is still breaking but pack west can go to the fed to borrow money and undoubtedly have, given the huge deposit outflow. but for assets the bank won't take, that is where atlas has filled the void. they need more and more capital and they really should be raising equity capital and i don't believe they are able to. they need to be recapitalized and you see it in the bank system overall. first republic, it's remar

j.p. morgan wealth management.shaad: it is all about credit suisse. we have their offer to buy back debt for 3 billion swiss francs. it comes against this background of the swiss national bank coming to its aid with the facility of around $54 billion here as well. and that news those two bits of news help to propel futures up after they were negative, and we are seeing the dollar there, little change. this is a look at what is going on. swiss franc, 93 centimes at the moment. there we go. that is a look at those haven assets, the yen in particular, up against the greenback. haslinda: that's right. some reprieve in the market. the question is how does lifeline the swiss national bank has thrown to credit suisse will affect the ecb rate decision coming up. kathleen hays is here. the 50 basis point hike, is it off the table? christine: it is interesting. christine lagarde in the hawks at the ecb sing 50 is where they were going. -- saying 50 is where they were going. did something amazing happened? the last 24 hours f

j.p. morgan wealth management.ks to avalara, we can calculate 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 david: somewhata run of the banks 1.7% on the sector benchmark. this is a breakdown within the specific asia pacific banks, tremendous pressure. curious to see what happens when india opens up. the names are still not moving. when the market opens up in an hour. let's bring in belle. she's been tracking the story for us. the pressure continues, here. more are telling their funds to avoid the specific bank in silicon valley. annabelle: we have been reporting on this this morning. to give context on one the bank is, it is based in california it came to the vc sector. where it is feeling the pain point is the collision we are seeing between the bond market crash and the tech market crash. you take a look a

introducing j.p. morgan personal advisors. hey david!visor to create your personalized plan. let's find the right investments for your goals. okay, great. j.p. morgan wealth management. >> this is daybreak: asia. we are counting down to asia's major market opens. we continue to see the fallout of the ongoing banking turmoil in the asian session as well. as we continue to watch the following comes to asian banking stocks for the credit squeeze pressure, even as the central bank is coming in and pledge the backs off if liquidity is donated. we have to question whether we are starting to see how the dominoes start to fall at least if -- if not at least be seriously jittery. >> this could be the tip of the iceberg. we do have the open of japan, south korea and the start of trading for treasuries. we are still seeing that retracement. the two year yield starting here at the start of trading. it is down to expectations around the fed. we have three collapsed u.s. theaters. possibly another one here as well. traders split evenly roughly on whet

j.p. morganealth plan, a new tool in the chase mobile® app. use it to set and track your goals, big and small... and see how changes you make today... could help put them within reach. from your first big move to retiring poolside and the other goals along the way wealth plan can help get you there. j.p. morgan wealth management. introducing the new sleep number climate360 smart bed. the only smart bed in the world that actively cools, warms and effortlessly responds to both of you. our smart sleepers get 28 minutes more restful sleep per night. proven quality sleep. only from sleep number. >> the preponderance of data is pointing toward inflationary pressures. >> inflation still strong enough to have a hike next week. >> maintaining financial stability. >> financial stability trumps financial >> -- financial stability ensures that is not going to be 50 for sure. >> they're going to want to do 25. >> for them to not do 25 right now would be construed as pivoting. >> if they had to pause in march

j.p. morganhey david! connect with an advisor to create your personalized plan. let's find the right investments for your goals. okay, great. j.p. morgan wealth management. [♪♪] if you have diabetes, it's important to have confidence in the nutritional drink you choose. try boost glucose control®. it's clinically shown to help manage blood sugar levels and contains high quality protein to help manage hunger and support muscle health. try boost® today. at bombas, we make the comfiest socks, underwear, and t-shirts that feel good, and most of all, do good. because when you purchase one, we donate one to those in need. visit bombas.com and get 20% off your first purchase. bombas. mom: hey! cheap flight alert! and get 20% off daughter: hawaii! can we go? dad: maybe. i'll put a request in monday. sfx: shattering glass. theme song: unnecessary action hero! dad: was that necessary? unnecessary action hero: no. neither is missing this deal. with paycom, vacation is yours to manage. unnecessary action her

introducing j.p. morgan personal advisors. hey david!nect with an advisor to create your personalized plan. let's find the right investments for your goals. okay, great. j.p. morgan wealth management. every day, millions of things need to get to where they're going. and at chevron, we're working to help reduce the carb intensity of the fuels that keep things moving. today, we're producing renewabldiesel that can be used existing diesel tanks. and we're committed to increasing our renewable fuels producon. because as we work toward a lower caon future, it's only human to keep moving forward. kriti: this is bloomberg markets. we are getting breaking news -- excellent banker roger ng getting 10 years related to the 1mdb scandal. walk us through the significance of this. sonali: prosecutors had initially sought 15 years but he had gotten 10 which is the sentencing after the jury found him guilty on several counts. he was not the only former goldman banker, there has been eyes on tim weisner as well. this scandal had struck the globe. there a

j.p. morgans of the world did it so well to mid region banks because they're out there to looking to scoop some of this stuff up and turn things around. we'll see if that's a factor next week once there is this washout. >> i think mike wants to, what, disagree >> bear sterns start at 2 bucks and went to 10 it was a lot of pressure when they announced the takeout back in the day, and eventually ended up raising that bid. of course the contagion fear is if people get concerned about regional banks and say, i'd rather be at j.p. morgan or citi bank or bank of america and are looking for a money center bank, that of course is exposure any regional bank could face, but i don't think they face the same problems silicon valley did. >> we had a 4.5% peak to trough move this tells you i think where the psychology of the market changes. but i think we're all pointing out, the trading ranges to the stocks, markets aren't going straight down, and i think we're going to have a fresh air once we get through ne