jal says fares for standard adult tickets with flexible reservation conditions will go up by about 8% and children will see increases of around 3%. prices for the premium class j wi be raised by as much as 2,000 yen, or about $16. first-class travelers will play up to an extra 4,000 yen, or about $33. jal officials say a drop in demand due to the pandemic and higher crude oil prices are behind the increases. they also say the higher fares will provide more revenue to fund the introduction of more fuel-efficient airliners. another major japanese air carrier, all nippon airways is scheduled to raise prices for its tickets with flexible reservation conditions. the hikes will average 3% and start from sunday. >>> now, south korea's pushing ahead with a process to join the trade pact known as the comprehensive and progressive agreement for trans-pacific partnership but it is experiencing resistance from some industries. the government held a public aring friday to explain planned subsidies to industries that would be affected by joining the cptpp but agricultural and fishery groups turned

and western europe with a brutal putin regime that suppresses opposition and jals critics sanctions canf this war, david. back to morgan, i guess. >>> let's turn to the broader markets and bring in barry banister and sherry paul good morning to you both we have major averages lower right now. barry, i'll start with you there are a lot of cross currents here, talking about them every day, whether it's the fed, whether it is earnings, whether it is inflation and, of course, now geopolitical risks with the russia invasion of ukraine. how do you cut through it, parse through it and figure out where do you put your money to work as an investor right now? >> at the broader market level starting out in the year we thought the s&p would drop from 4,800 to 4,200 and it did. i think it'll drop another 7% before the end of the month. risk is rising across the board. emerging market, credit default swaps, measure of credit risks and emerging markets are soaring. high yield option adjusted spreads are going up, investment spreads are going up, the libor is going the wrong way and oil prices are real