katie: and katie greifeld in for jonathan ferro. bloomberg real yield starts right now. coming up, six months makes a trend on cpi. that means bond traders once again are fighting the fed. all as the flood of corporate issuance continues. you begin with a big issue of potential downshifts in rate hikes. >> the fed has a clear path toward 25 basis points. >> one over month cpi is negative. >> it was a cool number but one priced in. >> what would you save the fed hike to 25 basis points? >> two more 25 basis point hikes. >> i think the market is too optimistic. >> why are we so confident now? everybody was wrong last year. >> the cbiz shelter inflation, core services is still high. >> china is -- the economy which is inflationary. >> that cannot be on autopilot. >> jay powell has made very clear, 5.5. what's we think we'll get to five in be there at the end of the year. >> the more important thing is how long rates stay high. >> high holds. >> the market has to look at what the fed is actually communicating to them. katie: joining us now is morgan stanley's, wells fargo mo

>> from new york city for our viewers worldwide, i'm katie greifeld. bloomberg really you starts now. -- real yield starts now. katie: coming up, a goldilocks jobs report for the federal reserve, buyers flood the bond market and the pile of negative yielding debt finally vanishes. another upside peril surprise is what we begin with. >> it is still a strong labor market -- >> hiring a lot of people -- >> wage inflation is starting to ease. >> today is about wage inflation -- >> lower wage growth -- >> wage growth is down. >> this has never happened when we have been able to bring the growth down and inflation rate down without having the unemployed rate go up. >> you are clearly seeing an economy that is moderating. >> it is constructive for the fed. >> this is the immaculate disinflation report. >> a soft landing report. >> maybe we can get through this without a significant recession. >> the fed likely looks at this and says our medicine is working. >> they will continue to raise rates. >> more like they go to any five basis points -- >> relatively mut

romaine bostick alongside katie greifeld. imism but the two-year treasury yield is rising a couple of basis points. romaine: interesting to see the price action. you have a drag coming out of real estate, retail and financials. and then we talk about the thi

these -- disney, a monster rally at crypto, and for some reason -- romaine bostick alongside katie greifelde: it did look like we flipped into the green, looks like financials are leading. we heard from the big banks. romaine: initial reactions were somewhat dour as far as market reactions, then people came to their senses and saw how much money they were making. katie: hand over fist is what you saw

i am alongside katie greifeld. look at the nasdaq the big tech in big tech, leading the index over 1%. romaine: another sign of inflation coming

romaine bostick alongside katie greifeld, who missed her flight to davos. there is no snow in new york. it looks ridiculous when i wear my fur trimmed boots. romaine: you must but

romaine bostick alongside katie greifeld, kicking off to the close. oks like the s&p 500 more muted. the nasdaq 100, big tech back in charge. romaine: we talk about the levels of support. the s&p 500 remains above the nasdaq 100.

katie greifeld wrote a story about it. is it active? is it passive this robot does it? caroline: talk about companies trying to get on the bandwagon of harnessing ai, open ai, of course, the company behind chat gpt, well, it has been all the buzz at buzzfeed because buzzfeed is planning to use open ai to bolster some content creation. that sent shares surging at one point more than 200% this thursday. buzzfeeds market value hitting $400 million. let's get to it with alecia diaz. alecia, ultimately what will this help buzzfeed do? alecia: the main point here is that buzzfeed sent a memo to staff today saying this will help frame lower cost to the content it produces. and i think we have seen ai a lot in tech in terms of algorithms. that is where a lot of us are most familiar with it. it is really interesting to see that they want it to be unlimited with the contract -- implement it with the content it is creating. ed: the pitch here is to replace journalists with artificial intelligence, which for the three of us is an uncomfortable thing to discuss. let's talk about wha

romaine bostick with katie greifeld. we are well off the lows for the day. e day. katie: highs of the session still lower but the laws have been 1.7%. you are seeing a little bit of a comeback into the bond market. treasurers had obviously been selling of earlier on the day but nn

katie greifeld wrote a brilliant terminal about it on the terminal and bloomberg.com.sive if about does it for you? caroline: talking about companies trying to get on the bandwagon of harnessing ai, open ai which is the company behind chat gpt, it is all the buzz at was feed because buzzfeed is putting to use ai to bolster its content creation. the new shares surging. was feed's market value hitting $400 million. let's get to it. . what ultimately will this help was feed do? >> i think the main point here is for buzzfeed sent an -- sent a memo to staff saying this will help bring a lower cost of the content it produces. i think we have seen ai a lot in the tech space in terms of algorithms. that is where a lot of us are the most familiar with it. it is interesting to see that they are wanting to implement it with the content it is creating. it will be a show to see how this plays out. ed: the pitch is replaced journalists with artificial intelligence which for the three of us is an uncomfortable thing to discuss. let's talk about what wall street is saying about this p