and for the last three years, it's been led to the person sitting to my left, jenny johnson. the president and ceo of franklin templeton. great to see you here on the milken stage. thanks for having me. let's start off here. there really isn't much debate about the actual policy rate. most people expect that to go up by 25 basis points. when we get that decision in an hour. but people are looking for a little more clarity about whether this is actually the end or at least the pause in that rate hiking cycle. so i think my view is, is that it is a pause that they're going to do the 25 and then pause and just keep time for the markets to absorb, you know, the rate increases and, you know, we do know that the pace in which this this these rate hikes have happened has caused stress in the banking system. and so letting it pause for a while and sort of letting that filter through, i think is going to be really important. when you look at the severity of the rate hikes, you know, basically going from roughly 0% to 5% in a year's time here, has that been much more of a factor, do yo

that was jenny johnson, franklin templeton president and chief executive officer.ally interesting conversation on the ground for us at jp morgan's annual global markets conference in paris. the big one coming up, we will be speaking to jamie dimon, the ceo and chairman of jpmorgan chase at 1:15 p.m. u.k. time. koppel -- a couple of lines crossing from nissan, the japanese automaker upgrading their forecasts in terms of full-year operating income profit, well above the estimate. operating profit expected to come at ¥520 billion, a full ¥120 billion above the average estimate. there are still question marks for this automaker around margins, the transition to ev's particularly in that chinese market, and whether or not they can get back to full production. they are expecting 4 million units to be delivered this year and it has a production capacity of over 5 million units. the overall full-year operating income profit coming ahead of estimates for nissan. coming up, disney is seeing a wide loss in its streaming business after losing subscribers for two straight quart

live to the conference with mark, avenue capital chairman and franklin templeton investments ceo jenny johnson. if we get the recession, the fed will have to cut by the third quarter. we will speak to former fed vice chair richard clarida duck. i'm with guy in london. welcome to bloomberg markets. a lot of interesting reads from big-box retailers. guy: -- let's pay attention. we will continue to flag what is happening and get more detailed. the retail story is front and center. yesterday was the retail sales data that was better than anticipated but we are getting a more nuanced picture. tjx, we are getting it from target, we will hear from walmart tomorrow. it is common in the united states to talk about leave the gun, take the cannoli. take the desert. it feels like it is happening. alix: like you are ditching all of the stuff, buying all of the things you have to eat. food and drink. it led us to the question, it took a while for him to get but he got there. guy: it is a process. the question of the day, it refers to people dropping discretionary and going to the staples. leave the tv, take

our interview with jenny johnson is next. this is bloomberg. ♪ >> we are watching fx.d a bearish set up when it comes how wall street was approaching dollar weakness in the mood from the fed, expectations of a pause seeing further downside, debt ceiling standoff, recession scenarios are the perils we are facing when it comes to dollar volatility as well. watching the other currencies, the hong kong dollar in focus as we had that defense of the currency peg, buying hong kong dollars in raising that base rate, as we see post every fed decision in lockstep with the fed tightening as it hits if that final move to 5.5% from 5.25%, to of course protect the dollar peg to the greenback. the other pair were watching, not just begin-dollar, this haven demand continuing, but watching the moves in australian -yen, wiping out gains from those decisions. that is trading as a macro hedge. shery: we are getting the statement from the bank of korea reacting to the fed rate decision sink they are closely monitoring markets as a volatility could increase. the gap between the fed stamps a

also coming up. jenna johnson, the hold up shell skips buildings full support to you crime. and that's jenny to joining the to retain union training president flooded me a savanski and the training and paypal uh, awarded the prestigious shopping line products for the defense if you're paying thousands i believe results. but the opposition in the late in thailand, election period pro democracy parties against the military government of the incumbent prime minister tire channel, check the anthony handbook into the program. but to being counted into, he's land of my general election, which could see president richard, ty bode, one ousted from his 20 year rule lead results showed at one leading his rival come out. can it started with nearly 60 percent of the bar and one is under pressure of his response to february's devastating this quite and to soaring inflation. if any of the candidates wins more than 50 percent in this boat rentals will be held on may 28th. all right, let's go then to out turkey correspondent julia han who is in ankara at the headquarters of the opposition party. think c h p