i am jon erlichman with critiquing tub.ime now for two days for what it's worth. 5.25% is where the terminal fed funds rate may peak according to an economists surveyed by bloomberg. seven high inflation has the streets calling for more rate hikes. meanwhile, we will get more insight at the fed minutes at the top of the hour. let's bring in gina martin adams. for more on what the market is going to be watching for, what is your best assessment? n --gina: i would say the equity market is were vulnerable to be news coming out today. when we get the details of the minutes to get the equity market is looking for the fed sensitivity to inflation. how much are they looking at job strength as potentially problematic? will it still higher rates going forward? then not only will the federal funds rate peaked out but what is the terminal rate? is the fed considering where the terminal rate is going and what are the thinking about for 2024? kriti: we were talking with our producers today. economists are saying 5.2 5%. the market is pr

i am jon erlichman, with kriti gupta. talking about the bull-bear debate on inflation. today, we have also been covering the etf exchange conference in miami. it is the largest event for the $10 trillion cryptocurrency. larry berman, the cio if etf capital management. you have a show here on bloomberg as well. but this idea of where inflation goes and whether it lingers, is that influencing the conversation they are? larry: i think so. it certainly is from islands. last year was an example of where your traditional 60-40 portfolio did not deliver on its profit -- on its promise. it never had the chance. going back a couple years, interest rates came close to zero just about everywhere in the world. so, i think on a going forward basis, perhaps for the next five years to 10 years, alternative types of returns, versus traditional 60/40, especially if inflation is going to prove to be sticky and bonds aren't going to give investors the protection they once did when euros waller -- when it yields were much higher once upon a

jon: this is bloomberg markets, i am jon erlichman with kriti gupta.g costs and headcount across the business will fall by upwards of 60%, a huge shakeup for a company that led the charge in the cannabis sector after justin trudeau's government legalize recreational marijuana. these are big changes for this company. >> five years later, i do not think canopy growth could expected being the leader in canada with roughly a quarter of the market share now dwindling to the low single-digit, necessary to take restructuring announcements today, given the fact the company has too much competition in the canadian market. as the ceo alluded to earlier today, the illicit market still accounts for 40% of sales in canada. there is no enforcement or virtually little enforcement in canada to get the 40% down to zero. it is an onerous environment for companies like canopy growth and other canadian operators to deal with. we have seen moves in the past that are similar. it will be interesting to see whether the canopy decision comes too little too late. kriti: bringin

>> i am jon erlichman and welcome to bloomberg markets. kriti: this is interesting because the assumption here was perhaps the conversation will be a game changer but instead asking more about how much more hawkish some of the federal reserve speakers will get and it looks like in anticipation of the hub commission is what is driving the market's down. the s&p is lower even though we have positive movers to the upside stop the bond market, it is seeing a little bit, down two basis points. are we waiting for a larger catalyst? that is the question we will explore and the dollar not doing a whole lot and falling the queue of the bond market when it comes to interest rate differentials. it is brent crude that has the story. do we see that march to 100? jon: on the mover list, we have a couple of and couple down and let's go through these individual stories. cbs --cvs sales getting to the finish line in the big move to americare being well received and the shares are up 4.5% and foxes up with their numbers and the profit pictures, the sharehol

on behalf of myself and jon erlichman, we wish you could buy and a good weekend. ♪ i screwed up.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. when people come, they say they've tried lots of diets, nothing's worked or they've lost the same 10, 20, 50 pounds over and over again. they need a real solution. i've always fought with 5-10 pounds all the time. eating all these different things and nothing's ever working. i've done the diets, all the diets. before golo, i was barely eating but the weight wasn't going anywhere. the secret to losing weight and keeping it off is managing insulin and glucose. golo takes a systematic approach to eating that f

we need to give her a public shout out from myself and you and from jon erlichman who is out this weekelp with the show together. we wish her the happiest birthday. i'm told she's taking a spin class or something, which i think is horrible on your birthday. kriti: she missed being a lead baby by one day. she gets to celebrate all of her birthdays. amber: we also have good news. kriti: retirement to the markets producer behind-the-scenes. i wish he could come unsaid but we are out of time. you can hear the applause in the background. d is the real deal. every chart you see, every banner, every reaction, pete has a hand in it and wish him a very happy retirement. more markets covered ahead. ramaine will take it from here. this is bloomberg. ♪ to finally lose 80 pounds and keep it off with golo is amazing. i've been maintaining. the weight is gone and it's never coming back. with golo, i've not only kept off the weight but i'm happier, i'm healthier, and i have a new lease on life. golo is the only thing that will let you lose weight and keep it off. who loses 138 pounds in nine months? i

. ♪ jon erlichman: welcome to "bloomberg markets."we have a selloff on our hands but without the momentum and conviction that we got so use to into thousand 20 two. the s&p 500 down marginally. the real action was in the bond market. 10 year yield, a seven basis point move higher. volatility coming off super strong retail sales data we are about to drive into. the real bid isn't the dollar, but it's not a real great story, it's a european weakness story pushing the dollar higher. though you are seeing the dollar index higher by 7/10 of 1%. crude is kind of shrugging and shoulders, moving in both directions, nymex crude unchanged on the day. jon: as for individual movers, barclays, trading showing an 8.8% decline, the biggest since last march. a lot of that has to do with the challenges of just about every business unit in the latest financial snapshot taking a bite out of the bottom line. airbnb is moving in the other direction, however, popping on the stock in the outlay. what's interesting is you have a tale of two outlooks here in

i am jon erlichman with kriti gupta.r represents the number of international migrants to canada over the past 12 months. by far the largest influx since the mid-1970's. that figure pushing canada's annual population growth rate to an average of 2.3% over the past year, fastest since 1972. the population surge -- the official immigration number is actually undercounted. joining us with more perspective, the president of a realty company who keeps tabs on the canadian housing market. on the one hand, you have higher interest rates which keeps people interested in mental properties or prices go up but then there is the story of so many new canadians. walk us through this? >> absolutely and that is what we are seeing on the ground. the rental market is unbelievable and part of that was driven by people hitting pause on their home search but a lot of that more recently is this big boom in both immigration and nonpermanent residents. many of them tend to go to the rental market first. not everyone is rushing to buy a home. thi

jon erlichman, my cohost joining the program. it is interesting to watch this market move. we are seeing the s&p 500 flat on the day. >> while the market chose to lean in our fault that jay powell is leaning into disinflation, there is a road ahead. the idea that -- then the fight against inflation continues with higher interest rates and the story of getting back to a target inflation level of 2% and the fed chair made it clear it is a long way ahead. kriti: we have an all-star line up here to break it down. we were to -- speaking to lisa abramovitz. i want to bring you back to the conversation and ask about some of the other exogenous factors that were referenced. david rubenstein asked about the debt ceiling and how that factors into the fed policy and chairman powell said there is no way out of these outside of congress saying they have to increase the debt ceiling. is this something the market should be wary of? lisa: absolutely, people are thinking about the debt ceiling debate. perhaps we will see the same kind of reaction this time around and it is not fed chair jay