gradually abandoning the dollar, which was said by the head of the international monetary fund , kristalina georgieva, in transbaikalia because more than 400 people were involved in landscape fires. today in the region. gain is expected. winds can complicate the fire situation valery gergiev is celebrating his 70th birthday today, he will spend his 70th birthday at the conductor ’s stand in st. petersburg, where a gala concert will take place in the evening in honor of the anniversary by decision of vladimir putin, more than 200 russian citizens of the cis sudan were evacuated by 4 special aircraft, 76 were delivered to the moscow airfield today, chkalovsky employees of the russian ministry of defense and their families returned home, along with them, residents of belarus, kazakhstan and kyrgyzstan arrived in moscow, the embassy of our country. i had to do painstaking work in order to gather everyone who wanted to leave the country and bring them unharmed to the airfield . mikhail fedotov aircraft of the russian aerospace forces land at the chkalovsky airfield near moscow, one after another, only fou

kristalina georgieva is in conversation with bloomberg stephanie flanders. this is bloomberg. ♪ custom design and precision cut to fit perfectly around every burner. plus every stove guard is made from durable fire retardant, fda approved material and pfoa and bpa free. it's almost >> the resiliency you're seeing in terms of that consumer spending mean so much of a mess was cleaned up from covid from all of the stimulus programs. that strengthens. alix: that was lori calvasina earlier on bloomberg tv. we got the ism that was stable. recovery, recession, or stagflation. we are joined by monica dicenso, managing director at jp morgan. if you have to pick one, which one. monica: what you have seen gives us hope there could be a recovery. near-term range bound may be slightly higher. alix: it actually goes with ira jersey because he thinks we will hold for fed rate hikes and cut aggressively. does that line up with your view? monica: i think the market is still assuming a lot of cuts which to me feels a little bit too early. you are seeing the market reprice tha

meanwhile, the managing director of the international monetary fund kristalina georgieva says she expectsweaknesses to be exposed in the banking sector. so just how vulnerable is it? let's ask the chief global investment officer of oreana financial, isaac poole. i think there is a real risk of that. this is probably not the end of bank failures. we are seeing these problems in the smaller, regional, medium—sized banks, really exposed to higher interest rates. we are going to see another interest hike from the fed which might add extra pressure on depositors and so forth. as we look out, there is a real risk that initially what was a bank specific problem becomes a wider problem for the system. what is driving these risks going forward? is it higher interest rates as you are talking about or something more like a lack of regulation and oversight contributing to into this? that has certainly contributed to. the regulation re—environments and that is likely to tighten up. i think that could add further pressure to the us economy and banking system. we will see, i think, more revelation added

meanwhile, the managing director of the international monetary fund kristalina georgieva says she expectsnesses to be exposed in the banking sector. so just how vulnerable is it? let's ask the chief global investment officer of oreana financial, isaac poole. isaac, great to get you on the show. in the first instance, how much of a risk do you think there is of a failure amongst other us banks in the system? i failure amongst other us banks in the system?— failure amongst other us banks in the system? i think there is a real risk of that- _ the system? i think there is a real risk of that. this _ the system? i think there is a real risk of that. this is _ the system? i think there is a real risk of that. this is probably - the system? i think there is a real risk of that. this is probably not i risk of that. this is probably not the end of bank failures. we are seeing these problems in the smaller, regional, medium—sized banks, really exposed to higher interest rates. we are going to see another interest hike from the fed which might add extra pressure on depositors and so forth. as we loo

against this background, there is a gradual rejection of the dollar , the head of the imf, kristalina georgievaew attention to this, and according to her data, not so long ago, the american currency accounted for 70% of world reserves, and now less than 60 , according to georgieva, the main competitor of the dollar is the euro, the head of the mv , while he believes that in the near future there will be no alternatives to the dollar, including because the us economy is still reliable, but it must be understood that the position of director of the imf does not imply the expression of an overly harsh point of view in relation. the main current reserve currency. at the same time, for example, enurel rubine, who predicted the crisis of 2008, takes only 10 years for the decline of the dollar. well, to the heap , the us treasury warned of the impossibility of servicing the public debt from june 1 on this account. department head janet yelen. wrote a letter to congress, it warned that due to the achievement of the national debt ceiling , emergency measures will be exhausted in month, if congress does