jonathan: joining us are kathy jones, gargi chaudhuri, and gershon distenfeld.undred 40 basis points in timing in a single month. do think that data this money validates that or do you it will disrupted? gershon: i'm not sure one data point will change it. i look at the overall picture and let's assume we are going through recession downturn, whatever you want to call it. this is the first time in recorded history that has happened with the previous year or two, companies were delivered, not levering -- no buy shares making acquisitions and the reason was simple, the cycle was not long enough. covid scared everyone. people thought we might be ahead of the gmc but they did not take that aggressive action. inflation tends to be delivering for companies. to the extent we try to pass on the top line and many companies are able to do that. nominal debt stays the same, that is a deleveraging event. finally, -- i lost my train of thought. jonathan: that's ok. people want to buy credit, that is for sure. gershon: securities, very important, most the time causes a defaul

liz ann: you know my colleague in frank kathy jones so i won't step into her world and make any forecast of where the 10 year is going, but we have been forecasting moving out the duration spectrum. certainly when we were a percent or so higher in the 10-year yield. i think that is partly and play with the guards to taiwan. i think that you had a guest on pre-surveillance talking about the potential economic retaliation against maybe tech companies in california. that is not something that we will know imminently, but that is another thing to keep an eye on. it is not just does china do something militarily, but do they try to do something economically? jonathan: it is good to catch up. tom: did she say that she watched pre-surveillance? i thought she started her morning with us. jonathan: she must wake up very early to watch pre-surveillance. that is a good thing. here are some of the numbers, revenue second quarter 2022, 14 point two 7 billion u.s. period period up from the previous last year. the second quarter was $12.889 billion. we have seen this so many times and earnings reports

tom: kathy jones, publishing moments ago with charles schwab, she says it was not the gettysburg.orize the gettysburg address in school? jonathan: different education, different country. we learned a little about lincoln. they called it the anti-private speech. i like that. let's get with bramo. lisa: good morning. we were talking about june and where we are in the equity market, the s&p is still 10% higher. the nasdaq 14% higher, a gain of 14% since june 16. how much do we get a reversal? some of that positioning is getting perish into big tech names. you are seeing the head of the market open today, the loss continuing on friday. apple, microsoft, more than 1% led by apple. how much is this a dual issue of not only interest rates going up, they are moving at some of the forward earnings and valuations but also some of the semiconductor concerns percolated and reiterated by every executive on the earnings call? also watching a meme stock after jeremy siegel told bloomberg he sees a place, 10 to 15% allocation for meme stocks and the appropriate portfolios. coinbase tied to the wh

so good morning share math use and commissioners i'm kathy jones director of facilities and capitol planning for public health. joining me is jason our executive project manager. >> will receive 60 million dollars from the 2020 health and recovery bonds. used for facility acquisition and renovations and expansion to continue the care. from renovating and expanding psychiatric emergency services to better serve client in crisis and to acquiring bellingses to provide placement for treatment and long-term care support. in the areas of ocway suspicion and rehab we have been working with the department of rolls royce to try to identify and assess properties that meet our needs. we are working on predistinguish am planning for projects to build out up to 140 residential step down bids or other additional beds that would go toward meeting bbh mental health san francisco 400 bed expansion goal. the department is engaged in projects to rehab existing cites to expand behavioral healing service capacity. . the construction roles for bedos treasure island. which are in need in the system. the project is

tom: kathy jones, appreciated. too short notice here. she is at charles schwab.nts ago. he gets to the story of. wage growth is running way chop. absent a turnaround in productivity, this will ultimately fuel higher prices. in a single sentence, the hold and of the sufficiency of our economy, our productivity, wage growth, and the idea of how it affects price. kailey: it will be something to watch in the reports going forward. when we have heard from all of our guests, this is good news, but this is only one day of data. another cpi report coming prior to the next policy decision. is this the beginnings of a making of a trend or just a standup report? tom: i will be optimistic about it, after a bang up job support, hugely constructive cpi report. but what about the nation's productivity? stay with us. brian deese in the next hour. ♪ we will walk you through that. the countdown to the open starts right now. everything you need to get started the training. this is bloomberg the open with jonathan ferro. lisa: we are looking at one thing. another cpi reading.

of the people that you interviewed i knew personally back then, folks like kathy putin, cathy wilkerson, eleanor stein, jeff jonesa good friend of mine years ago. what did you take away from their assessment, of their rollback back then of the movement, whether it is bitterness, pride, contrition? what did you get from your interviews with them? zayd: it is funny because the name that you mention are all members of the weather underground. i also interviewed angela davis, members of the black panther party, black liberation army. i was talking to a lot of them about how they had first become radicalized. i kept on hearing these echs, ite and ack radals, radicalid by sta violee ainst leaders. martin luther king's assassination, fred hampton's assassination, they were all telling me the same story about how they came to struggle. in terms of how they look back on it, the series talks about that. later i get into regrets, tactics, what they would do differently now. the, denominator is there is a lot of acknowledgment about mistakes made, but also a sense of we were on the right side of history, we were struggling o