- jesus g suarez. i did it and it's here. - [speaker off camera] yeah!narrator] next term starts soon. visit snhu.edu. >> keeping you up-to-date with news from around the world. i am simone foxman. foxnews says tucker carlsen is leaving the network effective immediately. his exit comes a week after fox agreed to pay $787 million to settle a defamation suit brought by dominion voting systems. fox thanked carlsen for his service to the network. shares of fox sank as much as 5% on the news. another big change in the media industry, cnn anchor don lennon says he has been fired. he posted on twitter

- jesus g suarez. i did it and it's here. - [speaker off camera] yeah! [narrator] next term starts soon. visit snhu.edu. jon: this is bloomberg markets. time for our stock of the hour. today it's a big day with merck striking a deal to purchase prometheus for $10.8 billion. this will be an opportunity for them to cushion the blow of losing a key cancer product in their portfolio. you might wonder if we see more m&a to help deal with that lack of protection which affects a lot of the big players in the industry in the years ahead. kriti: that something you see with modernity and pfizer post-covid. they are sitting on a ton of cash so what do they do with it but acquire and defend against changes to their portfolio. abigail doolittle gives us the details. abigail: it is a very large deal and if you were a shareholder of prometheus friday, you're holding a stock is one -- that was $114 and now it's closer to $200. this is an early stage bioscience company and they don't actually have any drugs which makes it interesting. last december when the stock was mor

- jesus g suarez. i did it and it's here. - [speaker off camera] yeah! [narrator] next term starts soon. visit snhu.edu. francine: it has been the age of the black swan. a global pandemic, war in europe, rampant inflation. how is the world's biggest ad firm positioning for a slowdown? is there -- i don't know whether there is an interesting client that you would like to do more of, or is there someone you would love to have on the books that you don't have yet? mark: i'm sure there is. look, we do fantastic work. i love all of our clients. [laughter] francine: of course, like your children. no favorites. mark: look, tesla is an interesting company. so far, we have not spent money on advertising. i am sure one day, they will. i mean, i think jeff bezos said back in 2009, you know, advertising is what companies do when they have nothing to differentiate themselves. and amazon today is one of the world's top five advertisers. so, i think companies develop and come to a point of view where they need to talk to consumers about what they do, why they are relev

- jesus g suarez. i did it and it's here. - [speaker off camera] yeah!m starts soon. visit snhu.edu. the 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 >>> yet another wrong place, wrong time shooting in this country. police say a homeowner near miami shot at a two instacart delivery drivers who they were frying to deliver groceries to an address. according to investigators the homeowner says he feared for his safety after seeing the car he says driving eerateically. the instacart workers say they understandably feared for their own lives. police incredibly will not by filing charges against the homeowner. the incident highlights the dangers delivery drivers may face. cnn's omar himen ezsat down with three people who knock on doors for a living and they shared stories of precautions they have to take. >> it's going to be inter

- jesus g suarez. i did it and it's here. - [speaker off camera] yeah! ♪ - [narrator] next term starts soon. visit snhu.edu. purging orbit had a high-profile launch failure in january -- virgin orbit had a high-profile launch failure in january. l'oreal has agreed to acquire luxury brandaesop. candidates at teck resources is said to be open to offers from potential suitors once it finishes a spinoff of its coal business. it has rejected a proposal from glencore. tech will go ahead with the shareholder vote separating its metals. that is your bloomberg business flash. alix: i want to get up to the start up when we cover the top tech stories. turning as now, and letlow -- joining us now,ed ledlow. ed: they're eliminating some roles focus on leadership and strategy behind store rather than retail store employees themselves. that is according to sources, we are avoiding the word layoff. these are strategic cuts. apple is building it as a part of making the store experience better. as guy was alluding to the moment ago, apple has been under a belt tightening,

- jesus g suarez. i did it and it's here. - [speaker off camera] yeah!ator] next term starts soon. visit snhu.edu. go. go scientist. go software. go cure. go production. go faster and safer. emerson automation software helps breakthrough medicines get to market at warp speed. go human go. go boldly. emerson. dani: 10.1%, the u.k. inflation figure that united -- ignited a selloff figure globally. we are expecting 9.8% for u.k. inflation but it changes the narrative. inflation is hot in the u.k. does that mean it is more sticky globally than we thought? you see the reaction in the two-year yield and that is up 13 basic -- basis points. the takeaway is, there is a bear flattening in the u.k. yield curve. looking at dollar sterling, it is convoluted because we are seeing a run to safety. this is -- is andrew bailey, act is going to have to have 25 in the next meeting but do it afterwards? part of the doom and gloom narrative, is happening in copper and metals. copper in the alameda is down 6/10 of 1%. oils are dropping so it is this risk off environment. we

- jesus g suarez. i did it and it's here. - [speaker off camera] yeah! soon. visit snhu.edu. this is bloomberg markets live in the principal room. ryan reynolds joins bloomberg markets at 1:30 p.m. new york. this is bloomberg. keeping you up-to-date with the news from around the world here is the first word, i am angel feliciano. the supreme court objected an appeal against his conviction on espionage. the state department says he is wrongfully detained. he is the first american reporter to be detained on accusation of espionage since the cold war. vladimir putin visits officers to ukrainian territories. ukrainians are preparing to mount a counter offensive. russia has shelved plans from an offensive after failing to gain ground. taiwan will buy as many as 400 land launch harpoon missiles intended to repel a chinese invasion. congress approved the deal in 2020. taiwan has purchased ship launch versions. global news powered by more than 2700 journalists and analyst and 120 countries. i am angel feliciano, this is bloomberg. alix: goldman sachs is still do

- jesus g suarez. i did it and it's here. - [speaker off camera] yeah!ator] next term starts soon. visit snhu.edu. 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 kriti: this is bloomberg markets. the south african reserve bank surprised markets with a bigger than expected 50 basis point hike last month, is it enough to stop inflation driven by severe power outages? shery ahn is at the meetings in washington, where the governor of the south african reserve bank is. take it away. shery: you said it, it is an economy facing unique challenges. borrowing costs are the highest in more than a decade. let us bring in the central bank governor lesetja kganyago, thank you for joining us. i have to start off with how high the borrowing costs are, 7.75%. are you concerned about growth? gov. kganyago: that is only 75 basis points in the real terms, this is an important word that

- jesus g suarez. i did it and it's here. - [speaker off camera] yeah! - [narrator] next term starts soon. visit snhu.edu. >> our projection suggests that then the federal reserve would be able to cut rates modestly by we estimate 40 basis points. what's important to realize is this is in response to the softening of an economy. this is not because of some concern about financial stability. it's responding to its mandate which is to try bringing -- bringing down the price of inflation. >> the chief economist they're speaking to us in the last hour basically flagging the risk emanating from the recent financial instability we've been experiencing and how that could add to the downside. flagging the downside in terms of their outlook. which brings us back to the question of our day. is money now to tight. they are not comparable but we are seeing depending on your point of view around the world falling rapidly, are we over tightening. ubs head of european equity strategy joins us now to weigh in on this. is money already to tight. are we in danger of overd

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- jesus g suarez. i did it and it's here. - [speaker off camera] yeah! ♪ - [narrator] next term starts soon. visit snhu.edu. >> we have still a economy in the u.s. which is not landing. it is checking around central bank's ability to control inflation. it is much less direct than might have been thought or hoped. >> inflation has peaked, it is not coming down. that is not the story. >> there are risks that are out there. >> there are certainly possibilities further stress could be triggered at some point. >> this is bloomberg surveillance live from the imf meetings in washington, d.c. jonathan: live from the nation's capital for our audience nationwide, this is bloomberg surveillance on tv and radio alongside tom keene and lisa abramowicz. i am jonathan ferro. our last day of coverage at the imf spring meetings in washington, d.c. our attention shifts to the bank earnings. stack lineup for you, a flavor of guests coming up. it begins with rbcs gerard cassidy. then, the european commission. looking forward to that conversation on the federal reserve and g

- jesus g suarez. i did it and it's here. - [speaker off camera] yeah!ood morning. the equity market trying to bounce. >> everything you need to get set for the start of u.s. trading. this is "bloomberg: the open" with jonathan ferro. jonathan: live from new york, microsoft kicking off tech earnings. first republic considering major asset sales, and