jonathon: i don't think i can. micron acknowledged that he had been voted for because he is not marina le pen. tom: that is very micron-like. is there a shift again because of the seriousness of the war in ukraine? jonathon: did you bring this up to mention that this came around like it should've been? tom: no, no. [crosstalking] tom: i have been practicing, thank you. jonathon: we have the ceo of exante data joining us now. what is going on the chinese currency? >> when we analyze currency, it is typically about monetary policy. there's a number of important parts that are shifting dramatically. that finally comes to the fore here last week. for chinese standards, it is a very dramatic fee. i would say this is the most erratic we have seen not only since 2020, but more dramatic since 2015, only had that revaluation. it is not just the chinese currency issue, it is a policy issue. jonathon: is there policy you are expecting echo -- expecting? tom: -- >> it came from a pretty strong level. it was very strong in 2020

jonathon: we do not know what the ecb will do. deutsche bank came out with a massive quote yesterday. your thoughts on this. deutsche bank have an ecb call -- has an ecb call between 2.5 hikes between september coming up and next december. that is a lot of hiking for an ecb over a little more than a year. tom: even more original commerzbank wrote that they made clear that the ecb is way more difficult than the fed. i thought it was a very terse note and deutsche bank with some very strong language as well. the answer here is that we are going to stagger day by day through this along with ukraine, and the answer is what lyle brainerd mentioned, it is original monetary policy they are committing. jonathon: i put that deutsche bank quote on twitter. can you imagine the amount of pushback that i got, tons of it. lisa: they are not alone because the ecb is facing inflation that is frankly the fastest pace that they have seen in decades and they are seeing this crimping growth. how do they respond to that? it seems hard to imagine at th

. ♪ jonathon: live from new york city this morning. big tech coming into the close.ittle bit negative. the countdown to open it starts right now. announcer: everything you need to get set for the start of u.s. trading. this is bloomberg the open, with jonathan ferro. jonathon: live from new york, we begin with the big issues, struggling for a clearer outlook. >> there a lot of uncertainty. >> growth has been in a very difficult place. >> tightening of the liquidity. >> we have to watch those costs. >> what's being said about current conditions. >> the market focusing on the hard numbers going forward is probably going to be more focused on the guidance. >> this is a time for defensive ay

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our meteorologist jonathon oh has more for there and elsewhere on our world weather report. >> hello.have been monitoring this pattern of heavy rainfall that's been impacting the eastern areas of australia over the past several weeks and once again into new south wales we are seeing some heavy rain into places like sydney and on the eastern side of new south wales. here is a look at some of the video to give you an idea of the situation. as sydney received nearly a month' worth of rain in just one day. devastating floods took place with roads in urban areas turning into rivers. a man has died in the southwe portion of sydney when his car was submerged and local media say a nursing home had to be evacuated and people in the area were advised to refrain from traveling. the story's not over, though. we are seeing more of the rain in place as we continue on into saturday. this is the 48-hour forecast. notice, plenty of rainfall continuing to impact the coastal areas, so that's going to be part of the story. meanwhile, we are keeping eye out on this system continuing to move down toward th

our meteorologist jonathon oh explains if this trend will continue into the weekend in our world weatherort. >>> hello. we made it past 17 degrees in tokyo as we went through friday. but we are about to talk about a much stormier pattern coming up as we head into the weekend. it was a sunny day. enjoyable in that aspect but look back toward the west here. notice the clouds developing over china and moving eastward over the korean peninsula. that is now headed toward japan and we are talking about not just heavy rainfall but strong winds as these two low-pressure systems really work together to really bring that stormy weather coming up for saturday and sunday. this is a 48-hour forecast model showing us this system will bring some strong winds, heavy rainfall in some locations. and expanding over into eastern-northern yarn areas of japan as we go into sunday. so if you have any outdoor plans, probably in the knot the best weekend to do so because we are talking about some windy and wild weather. spreading east and north by sunday and notice by monday, while sapporo cools off, we are talk

. ♪ jonathon: live from eric city this morning, good morning.p this afternoon, a big day for big tech. the countdown to the open starts right now. announcer: everything you need to get set for the start of u.s. trading. this is bloomberg "the open" with jonathan ferro. live from new york city, we begin with the big issue. >> big tech earning kicking off. >>it's not a great backdrop right now. >> a terminus backup and yields. >> all the overhang with what's happening in china. >> it has become very tough right now. >> you have certainly seen the market take out pretty significantly companies like facebook or netflix. >> in terms of negatives, it is meta and facebook. >> you