two other authors, helenjoyce, kathleen stock, they said that waterstones was not properly promoting their books. do you have a problem or do your staff have a problem with certain books? i think we will be making judgements as to how popular those books are. not unreasonably... they were all, i checked, they were all in bestseller lists. i also know that we have them in the vast majority of our shops and we sell relatively low numbers of them. yes, they're bestsellers, but these are still relatively low numbers and they were stocked in most of our shops. when you have a small number of shops go out of stock, of course people, and the author in particular, and i'm not remotely saying that the authors should not feel deeply aggrieved if their books are not available, but it is part and parcel of what happens within our world. do you think, in all honesty, james daunt, that bookshops are getting caught up in the culture wars? 0h, forsure. i mean, we're having this discussion. so, they are caught up in the culture wars. they're caught up in political wars. it's notjust this... and what

i look at what happened to kathleen stock for example and where they haven't succeeded. i jk rowling they never give up trying . i think never give up trying. i think it's high time we start standing up to the mob and saying no more. we will not capitulate . more. we will not capitulate. that means we cannot join them in their divisive tactics . this in their divisive tactics. this week, gary lineker was suspended from presenting much of the day the bbc for breaching impartiality. the bbc for breaching impartiality . and some would say impartiality. and some would say it took it's a long time coming, but i will not celebrate it and i will not encourage further hostilities him . mr. hostilities towards him. mr. lineker has massive platform. he can and should continue to fight for what he believes in. he cannot do that. the bbc because we refuse to pay for it. but i support his right to free speech and would encourage him set up a youtube channel or use your twitter account. gary to further get his message out there. it's a i entirely disagree a message i entirely disagree

kathleen: here's the stocks we are watching when trade opens in australia.ield led consortium has agreed after months of delays to a $12.4 billion deal to acquire origin energy. bhp is entering a joint venture with chinese dealmaker hbi us to test carbon capture technology. and asian energy shares may move after oil surged to the highest in two weeks on supply disruptions in turkey. haidi: we are getting m&a news -- a lack of m&a. rejecting a proposal -- this is the us trillion lithium minor saying they substantially undervalues the company, have rejected the proposal with an indicative proposal that came from the world's top lithium producer. they have been spending big when it comes to increasing capacity, most recently set to spend 1.3 billion dollars on a new u.s. processing facility, clearly looking for acquisition targets as well. that offer has been rejected. that's about it for daybreak australia. we are looking ahead to the start of trading in sydney as we look ahead to asian stocks looking like it's heading for a better day. sidney futures extendin

kathleen: may be too late for credit suisse. it might be too late for first republic. their stock is down 90% now. what are the possible options viable? that could actually say first republic now? matthew: kathleen, it is still a moving target. there is a sense that the authorities are kind of flipping back and forth with a few different options on the table here. one of the options, of course, is to change or certainly expand the emergency lending facilities available to the bank that will allow them to kind of get the liquidity in the areas that they need and it is a fluid moving target. details are subject to change. as you said, the stock is down 90%. u one of the points we were making in our reporting for the story is maybe some of the deposit withdrawals started to kind of ease somewhat and it is giving regulators a little bit of hope that they are not dealing with as fragile a situation as they were a week or two ago. is it that chance of a bank run stabilizing somewhat? is that coming back a bit? that might help regulators firm up their decision if that is happening. haidi: going back to sv

former university lecturer kathleen stock and feminist campaigner and writer julie pinto.e pinto. and i am delighted to say julie's here with me now. welcome to so the lesbian project. what's the of this why did it start what were you thinking? well, i was thinking a couple of years ago. why is that the word lesbian , why is that the word lesbian, gay, those terms lesbian and gay have become all one word. and then, of course , we'd been then, of course, we'd been subsumed within what has been known as more like a unbreakable code than a useful acronym of lgbtq. q i plus no to spirit to as well as to spirit. yes, exactly and nobody knows what the extra q is. nobody cares, quite frankly . i thought to quite frankly. i thought to myself, well, you know, when came out as a lesbian in the 19705, it was a it was a dirty word. it was a word i had to get used to saying. i would call myself gay or say i was bisexual or because lesbian was really terrible. there were no good role at all for lesbians. role models at all for lesbians. there were some gay men that weren't exactly posit

former university lecturer kathleen stock and feminist campaigner and writer julie pinto.pinto. and i am delighted to say julie's here with me now. welcome to so the lesbian project. what's the of this why did it start what were you thinking? well, i was thinking a couple of years ago. why is that the word lesbian , why is that the word lesbian, gay, those terms lesbian and gay have become all one word. and then, of course , we'd been then, of course, we'd been subsumed within what has been known as more like a unbreakable code than a useful acronym of lgbtq. q i plus no to spirit to as well as to spirit. yes, exactly and nobody knows what the extra q is. nobody cares, quite frankly . i thought to quite frankly. i thought to myself, well, you know, when came out as a lesbian in the 19705, it was a it was a dirty word. it was a word i had to get used to saying. i would call myself gay or say i was bisexual or because lesbian was really terrible. there were no good role at all for lesbians. role models at all for lesbians. there were some gay men that weren't exactly positiv

kathleen: these are the stocks we are watching shortly.tizens is said to be acquiring silicon valley bank. watch midst of it see, ufj. -- mitsubishi. defense stocks in focus after reports that north korea testfired aces this -- suspected ballistic mitchell. -- missile. heidi: let's take a look on how we are setting up. this is a picture across trading here in sydney, that first hour of trade, a lot of upside throughout, about 0.3% higher after what has been a volatile past couple of weeks and sessions in trading in sydney. we are seeing leadership when it comes to utilities, real estate up by just over 1%. energy is off by just about 1.3 as we continue to see that bearish town for oil traders even as crude edges of that higher after that weekly gain. the recession risks, the banking feud continues. we do have the market opens in seoul and tokyo next. this is bloomberg. ♪ - [announcer] imagine having fuller, thicker, more voluminous hair instantly. all it takes is just one session at hairclub. introducing xtrands. xtrands adds hundreds or e

kathleen: the reaction was all over the map with stocks and bonds. you get one reaction on the day of the meeting, the next date the markets think it over and react another way, so we will see what happens in the next 24 hours and in overnight trade in asia. these questions very important because the fed has made it clear because it they were worried because it was so easy what they will be tighter now and another thing that strikes a lot of people is the sense that jerome powell gave us that things are ok and we have the tools and we are managing this, you know, this note of cautious competence which to some people who have warned about rate hikes coming and going and even more so, banking crisis sees coming and going. -- crises coming and going, this is a concern as well. we just heard from alan blinder urging a pause who said that would have been a better decision. it would have been better to actually sit back and wait and see what is happening and then decide what you are going to do and signal that we don't know and inflation is still an issue

kathleen: what should i do with my money? go into a different kind of stock or park it in cash?hat should i do? lucy: at the margins, we are using relative strength in certain sectors to raise cash for our investors. the risks that are around warrant that and the opportunity cost of holding cash is less than it has been in the past. it's quite acceptable interest-rate returns on that. domestically in australia, we are looking at banks as a source of funding and cash raising there. we have a unique situation in australia where investors have a large aggregate exposure to the banks and that is by virtue of them taking out a large part of the index. we are trying to make sure investors an aggregate don't have an excessive exposure to the banks because even separate to the crisis in the banking we've seen in the last week, the outlook for the australian banking sector in terms of interest margins and moderation of growth is paramount. so it is about looking at opportunities where we don't need to be in the market, raising cash and being mindful for reentry points to capture as the m

stocks are trading and just adding two more of this volatility. >> he will of the markets calendar. confident in your area's financial system. kathleen hays joins us with more on this. also, the idea that perhaps they don't do the 15 -- they could spark a panic. a 50 basis point high, that is with a signal. >> in europe, we have strong capital and solid liquidity positions. as the vice president said, exposures are not concentrated and based on the work of the ssm. >> out i would say. that is appointed remark. there are some risks in this area. our bloomberg economics team thinks it would be 50 basis points more. the peak will be around 3.5%. this opinion columnist gave the ecb and this is a decades-old facility. they don't think they would do the rate hikes like the ecb. they will try to separate the problems with the banks, with a need to fight inflation. >> bloomberg kathleen hays there. the expectation that we will see that 25 basis point hike is playing into that short end of the curve. yields are rising. also, continuing to i that retreat back into those more safe havens. the same go once again back in positive territory. they

stocks. it is important to diversify your performance, especially in these volatile times. diversification is key. haidi: always great to have you. this is bloomberg. ♪ kathleensharply higher in new york following acquisition rumors. the intersect website has reported that amazon maybe planning to scoop up the struggling movie chain which has a market value of about $4 billion. let's bring in the tech editor joining us from san francisco. doesn't amazon acquisition of amc make sense? >> given that amazon wants to make a big splash in hollywood, they are spending more and more money on big productions, movies, tv, they want to make a splash. if you bought a theater chain like amc, that would give amazon a distribution channel for people who want to go back to the theaters. the problem is that a lot of people don't want to go back to the theaters. thing about the last time, how many times have you been to theater since the end of covid-19. people have been really reluctant to go back into theaters, concerned about the spread of viruses, also there are so many streaming options in the coverage of your own home. including ones that are from amazon. there is a big

kathleen hays, thank you for the data. let's get more insight from amy xie patrick from pendleton group -- pendal group. a stock dovish? that means inflation for longer. amy: absolutely. if you look at the way rick evens have traded over the past month, it certainly tells you the markets are starting to get worried about this idea of tickets and inflation lasting longer. i think the narrative runs away too quickly with the latest data. i would argue that the broader trend of data will still come down this year. if you look at core inflation in services, excluding a shelter which has become the sickest part, it has come down. fed speakers have no choice but to be hawkish. they do not want to give up on the inflation .2 soon. i don't think you want to confuse this was being too hawkish. haslinda: to think this is still on the table for march? we have some fed officials saying perhaps 50. amy: central banks globally within the cycle have slowed down. south korea is a case in point in that. i would argue that for someone like the fed, given how hard and rapidly they hiked rates at the beginning and the recent slowi

kathleen: she made it clear that from their view, the eurozone banks are on sound footing, there are pressures in the region, we have seen bank stocksus credit securities get hit around this, but she said they are monitoring the situation closely. they are constantly in contact with everyone and at this point, they think they can go ahead with this move. she also made it clear that not only are they in better shape than what the swiss national bank has to deal with, they are in better shape than what the fed has to deal with, especially when it comes to svb. >> we have strong supervision. we have strong capital. and we have stolid -- solid liquidity positions. as the vice president said, exposures are not concentrated and based on the work that has been conducted by the ssm, we do not have a similar occurrence as the one that occurred in california. kathleen: madame lagarde wanted to make sure everyone understands that they are not like that. in terms of what they did do when she referred to the vice president of the european central bank, he also said eurozone banks are resilient. 50 basis point rate hike 20.3% as they have adverti