dani: we will also talk about private credit with blair jacobson. stay with us. this is bloomberg. ♪ >> 75 will be on the table. >> we have more reason for 75 basis points. >> we will see higher and higher rates if these numbers keep coming this spring. >> i think markets are overreacting. >> the fed is not going to blink. pres. biden: the stock market does not reflect the state of the economy. dani: they are discussing current market conditions in fed policy. >> joining us now is hani redha from pinebridge investments. i love what you have written here. we expect the ongoing anti-goldilocks scenario. what is that? what is called porridge look like? hani: good morning. through 2020 and 2021, we had a goldilocks environment for markets overall. we had growth accelerating and loosening financial conditions. perfect condition for all things financial to go up. this year, we are telling our clients is that we will have the reverse. decelerating growth and tightening financial conditions as the fed's operation catch up went into full gear. that is different for most f

tomorrow night, david alan grier will host with his guests jamie foxx, abbi jacobson and music from thet in person, our first guest and i decided to buy a small-town welsh football team together. now we're business partners, friends, and yes, sometimes lovers. [ laughter ] watch the whole story on our new documentary series, "welcome to wrexham," premiering august 24th on fx. please welcome ryan reynolds. [ cheers and applause ] ♪ >> rob: it's so good to have you here. >> it's so nice to be here. you're so good at this. >> rob: really? [ cheers and applause ] i'm so glad i asked you to do this, just for the compliments. would you say i'm the best business partner you've ever had? >> oh, by far. >> rob: thank you. [ laughter ] >> by far, absolutely. >> rob: how did we meet? >> well -- i kind of slid into your dms. >> rob: yep. [ laughter ] >> you know, i saw rob in one of these episodes -- one of the episodes of "it's always sunny." he did something that was absolutely spectacular. it was most beautiful things i've seen. a dance sequence in black and white in the rain. i genuinely -- tha

dana jacobson has a preview. >> reporter: revving engines. spitting sand. unbridled enthusiasm. this is art. >> it's an art exhibit. a moving art exhibit. it's living history. it's beautiful. but it is chaos. >> good morning, everybody. welcome to the races. >> reporter: mel stoltz founded the race. better known by its acronym, trog. and after ten years it's still in the driver's seat. >> when i got involved in cars, it was you go to a car show. i thought it was awful strange that my favorite part was going to and leaving the event. and it was the driving. it was the thing that was boiling inside my brain of like how do i create an event that actually moves? >> yeah. >> reporter: but the true inspiration for trog came from a book stoltz was reading about 1920s racing "king of the board. the life and times of jimmy murphy." >> this book was incredible because they would test these crazy contraptions in wide open places because of fire and disaster and things that could go wrong. and one of those places happened to be the beach. one day i was sitting at the beach and i thought, my

helps them catch a molecule of smells from the environment, then transfers them to the so -called jacobson's smell in such a way that the snake finds a victim even in the dark . rats, wild boars, martens with hedgehogs, claim to be copper snakes, even frogs, and therefore it is not surprising that, for the purpose of self-defense, a snake is able to bite to a degree that is often permissible protection, it turns out to be exceeded and the offender dies, sometimes the snake attacks a person, but not because of aggression, but because of the fear of an unidentified object. however, such bites do not carry a mortal danger. is that leads to burning and discomfort, therefore, you should not be afraid. but to fear that the number of medians in belarus is steadily declining, there is a maximum life span of a copper snake in nature is 15 years, but because of the huge number of dangers. hardly 10 can stretch. yes, in captivity, she has much more chances for a happy life, but is this a way out? in our program, only the most pressing topics and questions. let's figure it out. why do we need these psyc

them copperhead catches odor molecules from the environment, then transfers them to the so-called jacobson organ, which deciphers the meaning of the smell in this way, the snake finds a victim even in the dark times of day. rats, wild boars, martens with hedgehogs , claim to be copper snakes, even frogs, and therefore it is not surprising that for the purpose of self-defense , a snake is often able to bite the degree of permissible protection, it turns out to be exceeded and the offender dies, sometimes attacks the snake and a person, but not because of aggression, but because for fear of an unidentified object, however, such bites do not carry a mortal danger. is that leads to burning and discomfort, therefore, you should not be afraid. but there is a fear that the number of medians in belarus is steadily declining the maximum lifespan of a copper snake in nature is 15 years, but due to the huge number, the danger can barely last 10 years. yes, in captivity, she has much more chances for a happy life, but is this a way out? poems are born, agree to eat on trains, some magic the railway we

an american sailor laid to rest. 21-year-old herbert "bert" jacobson was killed in the attack on pearllington national cemetery. among more than 400 sailors and marines killed when the "uss oklahoma" was hit. many remained unidentified until just recently. his family saying they never gave up hope he would be identified. i'm david muir. i'll see you tomorrow. good night. >> tonight, a focus on building a better bay area. how is mayor london breed doing at building a better sanfrancis? a new poll shows there is room for improvement. . we did find improvement in one section of the city. we will show you what has changed in 24 hours. >> a lot of visitors are concerned. they don't know where to walk. >>? what will it? take for tours to feel safe when they visit the city >> now from abc 7, live breaking news. >> that breaking news is in placer county where a second wildfire started this afternoon and has caused 80 to closed in both directions. there are some evacuations. the calfire says the fire has burned at least 25 acres and is right around the freeway. it is to the west of the much lar

an american sailor laid to rest. 21-year-old herbert burt jacobson was killed on the attack on pearles killed. many remained unidentified until just recently. his family saying they never gave up hope he would be identified. i'll david muir. >> no from abc 7, live breaking news. >> that news out of placer county where another wildfire erupted this afternoon burning along interstate 80 any the dutch flat area. this has led to the freeway being shut down in the westbound direction. calfire says people are being told to evacuate. so far, 25 acres have burned. this fire being called the dutch fire is burning west of the much larger mosquito fire. that fire started tuesday and has burned more than 50,000 acres. >> thanks for joining us. our other top story, a new poll about san francisco issues and the performance of mayor london breed. depending on how you look at it, some say it highlights people's frustration about what the mayor has not done for the city. >> others say the numbers show more than support -- more support than discontent. suzanne talked to the mayor today and has her rea

brian jacobson is senior investment strategist at all spring global investment.'s good to have you back. almost every part of the curve is now inverted. we are talking the 230, the 530. is it is a signal to you we are headed to recession? what do you expect the fed to do about it? brian: the simple answer is we should not ignore the predictive power of yield curve inversion. the yield curve has been heavily manipulated by the federal reserve with quantitative easing. they are slowly getting to remove some of the manipulation. as we begin to see the market priced in the reality that the fed wants to hike and pull at a fairly high rate, let's say, close to maybe 4.2 5%, 4.5% for the fed funds rate come march. we expect the two-year treasury should probably reflect that reality. if you have 4%, 4.5% on the two-year, with the 10 year, if that starts pricing in more risk and reality of a recession, that could move down to 3% and we could actually get to something about 100 basis points of yield curve inversion. we have not seen that basically since the 1980's. shery:

guy: steam absent -- steam jacobson -- steen jakobson, saxo bank cio, joining us now. steen: anytime is central banker limits themselves to eight minutes in a speech, something is up. what he said no has been uniformly adopted by central banks globally. if we are going to fail right now, we are going to fail by being too hawkish, not by being too lenient on the transitory part. they still want to talk about five-year out at 2% inflation. that is veering on being ignored if you think you can control anything five years out. alix: how do we know when we get to peek hawkish and us? what is the signal? steen: when the dollar starts to weaken. the u.s. runs a current account deficit. there are ways you can fund that. one is through higher interest rates, and one is through weaker dollar. right now, the coupon in the u.s. is going up on every thing from two years to 30 years. they should get to a level where the interest rate cannot carry the investment flowing to the u.s., and that is the time when the dollar peaks. if you only had one indicator, the dollar strength is real

dani: i was talking to your friend blair jacobson and pressing him, at what point do higher rates startre firms, especially firms that private credit holds? he was saying 6%. does that number sound right? anthony: i think it varies case-by-ca. the types of industries we focus on tend to be high cash generative businesses. as a result of that, they can withstand quite a reasonable rate increase before the interest costs really do start causing a lot of pain for the businesses. what is interesting though is as rates have gone up, we have seen leverage multiples move up. the amount of leverage has reduced so the overall interest costs on new deals has probably stayed pretty constant or it has fallen. it is really whether those historic deals can weather the higher rates. dani: are you concerned about a wave of bankruptcies with the pressure coming from energy crisis? anthony: as a general question, i think the answer is definitely in there is clearly severe pressure on a number of industries. i don't think it is just energy. as you have discussed this morning, it is supply chain issues, la

who started this train rolling by telling us for four years that the 2016 election was stolen, so jacobsonell that is about questioning an election, it kind of like o.j. questioning your marriage back or you don't really have the high ground here, buddy! that's the part i think it's a disgusting. >> todd: i've always said, we've talked about as i feel like when you want to learn about being above the law, you take your advice from -- take a listen. >> no one is above the law, and the rule of law in a democracy -- core [applause] has to be our standard. but we should not rush to judgment. we should take it seriously, we should be concerned about it, and we should follow the facts and the evidence. >> todd: we are living in the death of shame because i say this all the time because of the women or james comey famously said, yeah, she broke the law, but in the interest of the country, we are going to let go because she got the equivalent of a cop picking you up drunk driving and tell you to take the back roads and go home decor that was a email server to get out of you, take the back roads an

take a listen to zachary jacobson, the manager at alfredo's. >> it is definitely disappointing right come in here and do good and then now all of a sudden here we are. he is not a man of his word at the end of the day. >> gillian: what do you think? >> this actually reminds me of a plot line on "the office" because michael scott for those super fans actually adopted a classroom of kids and said he was going to pay their tuition and then ultimately could not afford to do it. so for the customer, which is not necessarily the easy cited argument, but for the customer, for the restaurant i say, here's my tip, if it seems too good to be true, it probably is. at some point the restaurant had an obligation to actually look into this and make sure that it was actually accurate. this is such a big tip that the local news actually covered it. this restaurant has been in business for a long time and they know this is not the norm. so at what point this would have tripped their senses where they say this is a really big tip? what they have charged him $10,000 tip to his credit card and cross our

jacobson >> steven d. jacoby >> ricknauth jaggernauth >> jake denis jagoda >> yudhvir s.in >> maria jakubiak >> robert adrien jalbert >> ernest james >> gricelda e. james >> mark steven jardim >> amy nicole jarret >> muhammadou jawara >> [bell ringing] ♪ >> francois jean-pierre >> maxima jean-pierre >> paul edward jeffers >> john charles jenkins >> -- and my cousin john. we were close and our families close -- chose to do so many things together. there are memories that time does not erase. our teenage years are ones that still make me laugh. my first giving john a perm. john coming to visit to my college. i don't think it was to see me but to see the sorority sisters, but they drove all night to get there. i am blessed to have these memories and do so many more. i am humbled, honored and privileged to be here today to show respect for all of the families who were affected by this terrible tragedy. 9/11 is a part of john, but it does not define his person. we will never forget. [applause] >> and our knees dominique lisa penned all flow -- pandolfo. she was an up and comin

jacobson you know, i'm with the wind. mary mcdaniel was it harry? okay.d i think she said that when, you know, because her protest right to protest of this character she played and she said, i think something like, i'd make, you know, $100,000 playing a maid than, make $10 being a maid. right. i think about how at the water's in all those films that she was in, always made sure to wear the most elegant, you know, diamonds. they're always the kerchief, you know, somewhere. so the other, another to run that question about sexuality and representation, what do we think about that? what do we think we know why the film it was gone with the wind or, you know, the kind of you know, why it was why there were protests. we understand that. but what do we think about a harriet beginning, daniel having i want to say jenkins and how do you feel that notes flows more smoothly and kind of forces. so what do we think about as a as a rejoinder? you know, is it do we really feel that way that, you know that that's a difference you know, to be in charge one's character lit

aaron jeremy jacobs >> ariel louis jacobs >> jason kyle jacobs >> michael grady jacobs >> steven a jacobsonricknauth jaggernauth >> jake denis jagoda >> yudh vir singh jain >> maria jakubiak >> ernest james >> gricelda e james >> priscilla james >> mark steven jardim >> amy no cole gerrit -- i mean a call gerrit >> muhammadou jawara >> >>[bell tolling] >> francois jean-pierre >> maxima jean-pierre >> paul edward jeffers >> john charles jenkins >> and my cousin, john m poacher. we were only five months apart and i am so lucky our families chose to do so many things together. fortunately, there are memories that time does not erase. our teenage years are one that still make me laugh. my friends giving john a perm. john coming to visit with his friends to my college. i don't think it was to see me. but, they drove all night to get there. i am blessed to have these memories and so many more. i am humbled, honored, and privileged to be here today to show respect for all of the families who were affected by this terrible tragedy. 9/11 is a part of john, but does not define his person. we will nev

copperhead catches a molecule of smells from the environment, then transfers them to the so -called jacobson's organ, which deciphers the meaning of the smell in such a way, the snake finds its prey even in the dark . rats, wild boars, martens, moved down to claim copper snakes, even frogs, and therefore it is not surprising that for the purpose of self-defense , a snake is often able to bite the degree of permissible protection, it turns out to be exceeded and the offender dies, sometimes attacks the snake and a person, but not because of aggression, but because for fear.

>> well, i met abbi jacobson with natasha lyonne. i'm friends with natasha, we did a play together.ngs abbi to dinner, and abbi says, "i met with penny," and this is like 2018, "and she would be very supportive of us doing a show that 'a league of their own' is based on but looks more into the and i remember thinking, "that's going to be tough, right?" but i didn't say that to her, i said, "well, all the support you need, if you ever need me to play like a butchy bartender, just call me up, you know? and so when the show was written she called me up, she said, "remember that butchy bartender? i said, "yes, i do." she said, "will you come to pittsburgh?" i walked into the set and here are all these 30-year-old women, like i was when i did it wearing our uniforms, saying like the lines in the vernacular of the 1940s it was like i flashed back all of a sudden. and i realized, that was half my life ago >> seth: yeah. >> because i'm 60. and i was 30 when i was doing that show. and i just looked at them and thought, "what an amazing 30 years you guys have left. that was the start of my ca