francine: kristine aquino there. we are getting news that the hong kong chief executive has resigned. we are also looking at the president of the european council so we will get to the breaking news shortly. talking about some of the sanctions that they will impose on russia. more on those stories next. this is bloomberg. ♪ francine: welcome back to the open. 11 minutes into european trading day and a lot of european stocks that we were expecting to open lower are not by much but are trying to find their feet with what lael brainard said in what they could do on the balance sheet for a hawkish fed. we are also seeing european parliament -- they facilitate between brussels and strasburg, talking about potential sanctions they will impose and whether they will close more loopholes to make sure they are playing out the way that europe wants them to be. let's get the latest on the war in ukraine. the u.s. and g7 are coordinating on a fresh round of sanctions on moscow following the discovery of murders of civilians in uk

kristin, come on out here. [cheering and applause] kristin: but then something changed. it was so subtle at first i barely noticed. i began to flinch every so often at full draw. i assumed that it was something that i was doing incorrectly with technique or that i needed to be stronger or that i needed to just train more. every day, i trained harder to fix my problem. days turneinto weeks, then months. i had a bad year, but i still had hope that i could do something or change something and then be back on track. back then, no one talked about target panic, but i had heard whispers about it, a bogeyman that causes archers to miss or be afraid of the target, drowning them in misery while robbing them of their skill. i ran ay from it because i never heard of anyone escapingt once they were engulfed, but i was already lost in the orm. my worst experience with target panic--i started having trouble tting througthe clicr. the clicker is this piece of equipment that tells y when to shoot. some shots, i would come up, and i would just pull through even before it even got to my f

i'm kristin fisher. we begin with evidence of mass graves outside the city of mariupol in southeastern ukraine. these satellite images appear to corroborate the claims of ukrainian officials. the photos point to more than 1200 new graves 12 miles west of the besieged city. they add to mounting proof of russia's war crimes against ukrainian civilians. inside are hundreds of soldiers. right now russia claims to control mariupol. let's go inside ukraine. isa, what more can you tell us about the mass graves we're learning about this morning? >> reporter: good morning, kristin. more grim details of absolute savagery and brutality. acts that we thought had been confined to the history books. what we are seeing with the satellite images technology. they say they've uncovered affafter analyzing and compiling all of the images in a town 1200 miles southwest from the city of mariupol. what they have found is it's like four rows almost at the top of your screen of all these trenches. it's about 1,100 feet long ditc

kristin?ys off and rest up. she's clearly learned some lessons. jim bidderman, thank you so much. >>> up next, the head of homeland security speaking out about new rules. >>> and florida's governor ron desantis now putting the squeeze on disney. s all move forward financncially. pnc bank: see how we can make a difference for you. if your moderate to severe crohn's disease or ulcerative colitis symptoms are stopping you in your tracks... choose stelara® from the start... and move toward relief after the first dose... with injections every two months. stelara® may increase your risk of infections, some serious, and cancer. before treatment, get tested for tb. tell your doctor if you have an infection, flu-like symptoms, sores, new skin growths, have had cancer, or if you need a vaccine. pres, a rare, potentially fatal brain condition, may be possible. some serious allergic reactions and lung inflammation can occur. feel unstoppable. ask your doctor how lasting remission can start with stelara®.

i'm kristin fisher. laura jarrett and christine romans are off today. vladimir putin could be changing tactics to take the beseenged city of mariupol. the russian government saying it is no longer necessary to storm the steel plant where the last remaining ukrainian troops are bunkered. putin is ordering a blockade instead. ukraine's president zelenskyy says his forces don't have enough heavy weapons to beat the russians there. four buses of civilians managed to leave on wednesday. let's go live to ukraine with cnn's isa soares. isa, good morning. what more do we know about the standoff in mariupol? >> reporter: good morning to you, kristin. let me bring viewers up to date on what we've heard in the last hour or so. vladimir putin has congratulated his defense minister, these are his words, that mariupol has been liberated. so successful deliberation. let's take those words with a pinch of salt here. there is a last hope of resistance and that steel plant which is huge, a huge complex, by the way. we kno

. >> will go back to kristin on this issue of cdc authority.ayed into a lot of political areas, they have gone back and forth on masking. it was the cdc who tried to impose an eviction moratorium at one point. how much trust should we have in this bureaucracy to make health decisions free of politics? >> again it's very unfortunate this bureaucracy is lost the public's trust because it has shown that a lot of these decisions are based on politics. once again the cdc can and should make recommendations based on science. people can make their own risk calculation based on its recommendations. but they should not in the business of making mandates for the american people. one more aspect to think it's over it looks but is very important is these masks really dehumanize people in certain ways but have a neighbor down here in texas who happens to be a flight attendant. she's been complaining about this for over a year. the staff on the airplane say people acting rude or having fights on planes has really increased since these masks mandates came int

you mentioned the earnings and a kristine, -- and kristine, i want to bring you in on this. kristine: we will see how the war in ukraine really impacts businesses so it will be interesting to see the comments around that. there is market volatility that could be positive for trading revenues but generally it is the broader macro picture that would be important to j.p. morgan and the banking sector in general. that could potentially come out more cautious or negative. it is going to be interesting to see how jp morgan weighs those factors, how it sees the balance moving forward. tom: interesting to see the banking sector yesterday, one of the big downs despite the run-up in yields we have been seeing. kristine aquino, thank you for walking us through the key things. vincent juvyns stays with us. coming up, lvmh sales jump bigger than expected, talking about earnings in the first quarter. the company warns about the impacts of lockdown in china. more on the story next. this is bloomberg. ♪ tom: welcome back to the open. we are 13 minutes into european trading day. four sectors

kristine: very interesting. there is a ceiling that we have hit the peak in bond yields and the fed is strengthened by what we saw out of the u.s. earlier this week. the cpi figure that lent momentum to this move. it is counterintuitive as well because there is a lesson to be learned from the fed that they saw from the new zealand and canadian central banks which heightened policy in their own ways, but saw that counterintuitive rally in their bonds. that drives home this idea that this could be the scenario that the fed could be walking into in may. they try to sell the rumor by the fact of the situation for bonds once they start delivering those rate hikes. also to the point that this move in bond yields could be self-limiting, the mechanism that could limit the rise in yields and give a little bit of recovery momentum for the bonds that have been driven lower. tom: we are seeing the relief on the equity sector in the past few days. caroline, let's bring you in. as the selloff on the bonds happening now? carol

tell us what this means for bonds, kristine. kristine: it has been a regime change as far as fed policy goes. we have seen policymakers carry on the point not just that they are ready for multiple 50 basis points rate hikes if necessary but also the balance sheet aspect of fed policy which has flown under the radar since the focus has been on rate hikes. this is when investors fully realized that the fed had many tools at its disposal to carry out this tightening cycle that they feel is necessary to counter the inflation we see, the highest in several decades. they are signaling that they are ready to act and act fast. francine: it is amazing how inflation expectations move violently and to be anchored. that is the big worry for murray's -- worry for markets. this changes everything. is there a danger that the markets focus so much on inflation that they forget that we could see a looming recession? estelle: we have to endure the market inflation. it can break down the growth and that is why we are in a mode to look at much of t

joining us is editor kristine aquino.a has some money to pay, they are willing, it is the question around their ability to do so. kind of default would this be if it happened? kristine: the term technical default is now being tossed around among investors, lawyers, anyone involved in this pond-watching process. that is really where we are in terms of how rockets are processing this. there is a lot of confusion on the ground as to whether and what sort of circumstances would cause such a default. we know there is a 30-day grace period on both of these bonds, so it will have to wait until that very in for any sort of formal declaration to be made. certainly investors are starting to ask that question, because this is something they were initially afraid of when we first got the sanctions imposed upon russia in -- and there are questions about russia's ability to pay its debt. and it showed its ability to service that debt over the last few weeks, and there was a sense of relief among investors, because despite the sanctions

francine: kristine aquino joining us, and staying with us is karim chedid. news out of starbucks, the founder howard schultz took over as the chief executive. starbucks has also just announced it is suspending its stock buyback program effective immediately. i imagine it is the founder of saying we will stop to take a look at it. this is bloomberg. ♪ francine: welcome back to the open. 11 minutes into the european trading day. we are not holding onto gains. the dax has had a reversal down .2%, the cac 40 down .2% as well. there are questions about inflation and growth taking the upper hand. earlier there were going by the fact that audits coming from china could ease tensions between the u.s. and china. that means we could not see delisting possibly of chinese equities, that was a left but that was short-lived. telecom italia has been in a takeover saga. kkr was doing due diligence. the share is down 5.8%. we understand that kkr could back off of that deal without due diligence. investors are buying equities, but they are shutting european stocks. after the

kristine: this is that china versus u.s. divergence play we have been talking about. it is the tale of two ev makers. one is tesla acknowledging supply chain issues, but they sounded optimistic they can overcome it. then we have a couple chinese ev makers citing the same factors, supply chain disruptions, but sounding very negative. that tells you a lot when it comes to the sentiment in each of these countries. of course, the u.s. still growing tremendously and that's why we are seeing such a response from the federal reserve. in china, it's a completely different story. sentiment has been bogged down by the fact that there are lockdowns and regulatory concerns, and all these really weighing on that sentiment in this sector. francine: kristine aquino, our markets editor. joining us now is citi's head of equity strategy. a lot of headwinds from what we are seeing in bonds, what does it mean for stocks overall, will be correction happen in european equities? beata: thanks for having me, equity markets will be facing a lot of downsides. they will be facing a lot of volat

kristine: we are seeing the impact played out in the equity space. some of those high valuations stocks were stocks that people usually use as a hedge against higher yields really getting challenged. bond yields at 3% of the u.s. 10-year yield, and similar levels for the german and u.k. yields really are starting to look attractive for some of these investors. we are already starting to see some calls for instance from j.p. morgan saying it is time to take profit on some stock holdings. similarly, i think it is creating very interesting moves in the fx space. as mark was pointing out, we are seeing this yield differential really creating divergences in the fx space. the yen really on the back foot, and staring at the precipice of that 20 year low. a lot of this potential past havens from higher bond yields starting to get challenged at this juncture. tom: i believe it is 120 people -- 1.2580 for that decade low. we will get more calls from hugh gimber. kristine aquino walking us through the key things in the markets. and hugh gimber from j.p. morgan

kristine: quite huge. it is the second-biggest economy and even at the start of this year, the pboc was keen to support the economy in going the other way and actually ease because the underlying issues in the chinese economy. you mentioned the lockdowns that have not been reflected in these numbers. there is potential for more negative numbers to come out as those lockdowns impact and flow through the real economy. it is potentially a couple more months of dire readings for the chinese economy which is concerning, for sure. francine: on the chinese economy but also possible extra covid lockdowns, and the release of the reserves from the u.s., what is the market discounting that they should be paying more attention to? marija: i agree with kristine that china is a concerning point and with all of the chinese authorities moving the dial with the war, they expect that they have bigger fish to fry at the moment, they still need to deal with covid, still need to deal with the bond markets, property markets, so

kristine: absolutely. just listening to that package of various federal reserve policymakers really hammers the point of a 50 basis point rate hike and the clarity on the balance sheet run-up plans from the minutes yesterday, i think initially the reaction was a relief because there were expectations for over 100 billion monthly but that is still a hefty case. the key point from yesterday apart from the pace is that some members of the committee actually saw it appropriate to not have any caps on the monthly case which is quite hawkish. if you put that together with their thinking on interest rates , which is still 50 basis points, may be multiple rate hikes on the table. francine: richard, how do you look at this and where do we end up? we looked at the chart that said whether stocks would be the right hedge and what the industry is looking at. richard: as we heard from that, we need to listen to what the fed are saying and they are clearly saying they are going to lead inflation. we have seen downgraded

kristin: these are all great questions.'s news about him taking such a large steak and joining the board of twitter is important. one of the reasons is that he truly values -- understands the value of cryptocurrency. he has -- he knows the value of open source networks and he knows the value when you have many minds inking and building on how to create -- thinking and building on how to create an cord -- create a network. what is going to be interesting is if he is going to bring these elements of the crypto world, these anti-censorship elements, the open source elements, and allow for way to people come in and import their own algorithm that could go through and sort the news in a way that they want to be seeing, not in a way that twitter is dictating. i think there is potential for innovation here given that we work in the crypto industry at the blockchain association, we are hopeful that by bringing in this mindset that there will be new ways to get this platform to a place that serves more of its users because it certai

>> good morning yes. >> meet lower my television. >> thanks kristine. go-ahead regrets i have a question for the representative. could you explain to me and the listeners about the migrants that traveled they are haitian and why did this happen? and also, could you explain to the people what is happening in the west indies? haiti, dominican republic, haiti right now is being held by cartels and gang members. people cannot stay safe in their homes safe there refugees sent back to haiti where they never lived. i just want the truth from you. i'm glad you are on this morning. and yes, this is a serious situation. but it seems like it is just passed down from president to president. nobody really wants to settle the situation so they can use it against each other. but the problem needs to be solved. and also the republican party needs to be solved because they are imploding from the inside out ukraine right now just take a look and listen it is all starting to happen right here in our own country boy. >> thanks for your comments, kristine. congressman lou c

i'm kristin fisher. "new day" starts right now. >>> this is cnn breaking news. >>> good morning to our viewers here in the u.s. and all around the world. it is thursday, april 21st. i'm brianna keilar in washington with jim sciutto in ukraine. mariupol is on the brink of falling into russian hands with russia saying it can take control of the steel plant in three to four days. vladimir putin announced storming the area is no longer

kristin aquilino: abalone have a really important economic impact on this state. they supported a lucrative commercial fishery for decades. they also supported a recreational fishery that brought about $45 million to the north coast of california until recently, and they support really sustainable aquaculture in the state. woman: the red abalone fishery was a major fishery, recreational fishery on the north coast for decades and are really critical for the culture of california for that te. we had to recommend to the fish and game commission that it be closed after several years of severe impacts to the kelp forest. lackey: it's definitely affected business, and my tours have been greatly affected for the ab diving. and they estimate that it's, you know, anywhere from $44 to $54 million out of our local economy, just from the abalone, and that really hurt. with business down, you know, considerably, less than 50%, it's almost at a break-even point for me. i'm hanging in there. i'm still doing it. the economy is on everyone. you know, the gas stations, the markets,

kristine: i think that is still a developing story. in a lot of ways, the yen move is a bit of a catch up of what we have seen in the yield space and the rest of the g10 currencies space earlier this year. it really boils down to how markets are thinking about the boj's next steps. we have seen this dynamic of markets during central banks to perhaps a bit more hawkish than they had been previously. that is very much the case for the bank of japan. it is still the least hawkish central bank on the spectrum, globally speaking, and we are now seeing the same situation where markets are pushing the bank of japan to finally get on the hawkish, on the normalization train. markets are also saying that talk from the boj at this juncture is not going to be enough. tom: sharon bell, equity strategist at goldman sachs, let's bring you in. the line from bullard upon the 75 basis points and says it should be considered. we have bill dudley saying in order to get inflation down, you have to take a hit to the economy, there will be a recession. what

tom: kristine aquino on the musk deal and applications out of china.lise badoy, head of citigroup emea research stays with us. don't miss our interview with the hsbc cfo. that is next. this is bloomberg. ♪ >> we did take some additional provisions in the quarter against the balance sheet we have there, that's over around $250 million of additional provisions for russia exposures. we think that is a fairly complete provision for everything we can see at the moment. francine: hsbc cfo speaking to us about the impact of the war in ukraine after posting better than expected earnings for the first quarter. let's take a look at the markets with elise badoy, head of emea research at citigroup, i am dying to talk about twitter and elon musk, i don't know whether it changes anything for your appetite for tech stocks or if valuations are too expensive right now. elise: we are still overweight i.t. globally. when it comes to europe, it is less of a component. globally, what we are seeing is that is growth gets scarce we will still have attraction for growth. that

kristin, what's the political impact of these prices at the pump?there's always a political impact when -- when people are hurting and their pocketbooks are hurting. people need to acknowledge that. it is a real problem in this country right now. the issue is there's only certain things that we can do in a global economy. there's only so much we can do on our own. the congress should move forward with the conference to start addressing some of these things, yes, it's certainly challenging and certainly something that we as democrats need to be talking about head intoed the midterms. mike: it's not just the gas station but also the grocery store. let's put on the screen some of the price surges on various critical items, meat up 15%, beef up 15%, pork up 15%, and chicken up 13%, fish up 11% and you have eggs, milk, coffee, soups and more all up, quill, what about the politics of inflation heading into the midterms? >> sure, whether it's gas prices or the cost of groceries at the grocery store, it's not a democratic or republican issue. it's affecting

[cheering] kristin: right now, our lives are...just...overwhelming. difficult to keep up with our schedules. woman: i'd like for us to all welcome alexandria. alexandria: people always as how we organize for a global climate strike. so really, how it's all done is it's done through social media. we use a lot of what'sapp, discord, slack. instagram's where a lot of, like, the youth are, and then twitter's where you'll see the climate scientists, and then facebook--it's like, "what's on facebook?" [laughter] kristin: in the beginning, alexandria managed her social media. it's just she's 14, and she insists on allowing, you know, direct messages to reach her. and with the huge following that she's developed, there's just so many of those messages that are not appropriate. i mean, she's received everything from death threats to marriage proposals--ha!--online and everything in between. my first job is to be her parent, which is to keep her safe and to keep her healthy. and i worry there's real danger involved in being an activist. and so you just have to

you can follow her on twitter at kristine news. so without further ado please join me in welcoming laura and kristine to the stage. [applause] [applause] >> hi. >> hi it is such a pleasure and honor to be here with you all and be a moderator for laura and jordan a book appear to have got to say i have been a fan of laura's since you were forbes senior editor. i knew had all the big scoops in the crypto scene followed by your hosting of the unchained podcast which is still going o strong. and on my car rides to work i would always listen to you to get the latest updates an in-depth knowledge on folks in the crypto space. so sing this book come out, i a was very highly anticipating it. >> thank you so much. >> it is a fantastic read. it really goes into depth and the egos, the struggles involved in making this historic crypto project. very incredible work. [laughter] >> thank you, thanks i had a lot of fun writing it and recording it. >> let's start off with getting a sense of our audience. how many people here are new to crypto? oka

let's get a look at that market drivers with kristine aquino and grace peter's of j.p. morgan chase bank. christine, talk us through treasuries refusing help -- how it russians can use their reserves, they either drained their resolves or risk default. kristine: three very hard options for russia, certainly not one they would want to take. it does raise a lot of questions over russia's ability to make bond payments and how smooth that process will be. that was the initial concern when sanctions were being put in place in march. we have seen a rush at mate principal payments on its bonds that have been due over the past month. there was a feeling of a sigh of relief among investors that russia is continuing to make payments. they have not gone into default so far, maybe the situation is not that bad. this development from treasury really does up the ante on that situation and puts investors probably on edge at this point. francine: and grace, how should markets look at this because the pressure is being ratcheted up. we don't know where we go next, but this could actuall

. >> reporter: kristine brought snacks, lots of snacks. >> i've been enjoying cannabis for a very, very long time. and i am so glad that it's out there legally in so many states. >> reporter: not a lot of masks but a whole lot of smoke, as weed lovers turn the park into a hazy but happy community. >> the real reason i'm here is, you know t has been medicine for me for a long time, but mostly, it's for like community rejuvenation, you know. >> reporter: and now that everybody here has been rejuvenated, things are starting to break up. the event essentially ends at 5:00. but events organizers tell me they're already thinking about 4/20 next year. live in san francisco, scott budman, nbc bay area news. >> thank you so much, scott. you might wonder how did 4/20 become the code for smokering pot. the answer is closer than you may think. after years of competing tales, it appears most historians agree it started with a group of students at san rafael high school in 1971. they have a website telling their story, called 4/20 waldos. they call themselves the waldos because of the wall where they

kristin smart prosecutors say that paul flores killed smart while trying to rape her in his dorm room. his father is charged with helping dispose of her body. both have pleaded not guilty. smart's remains have never been found. >> thousands of nurses and support staff who hit the picket lines for a day at 15 different sutter health uocations earlier this week are now walked out of their jobs until saturday. here's some video of the protest tone outside the man as campus of center health on monday. the protesters said the move was over. the lack of transparency. they claim to be dealing with regarding stockpiles of covid ppe and because of problems with contact tracing sutter. health says they brought on filin on five-day contracts to cover the duties of the. workers who walked out. they also said union leaders were made aware of the conditions for those employees who chose to strike. >> elan musk now says he has the money to buy twitter. musk says he has lined up. 46 and a half billion dollars in financing and is now trying to negotiate with the company. the financing would allow him

elizabeth: welcome back "the hill" columnist, great writer, kristin tate. good to see you.issippi. crime is getting so bad there was even a brazen armed robbery yesterday right outside of fbi headquarters in d.c. the suspect got away. what do you say to all this? >> it is absolutely horrific and traffic. it is open season for criminals especially in our big cities. crime is way up. look at new york city, just over easter weekend there were 29 shootings there. random acts of violence are way up. just before we went on air, i read a story about a 70-year-old grandmother walking home from the pharmacy in brooklyn, got stabbed in the back for no reason by a total stranger. these kinds of headlines have become so common, they don't raise eyebrows. they become normal. a lot of time people committing acts of crime are criminals repeat offenders, should not be on the street. they were let out on inappropriately low bond. elizabeth: now like crime does pay, right? it is no longer crime does not pay. it is always been that was the way crime does not pay. biden's doj answer is now a k

kristine: the pound is weakening on the back of this repricing in the u.k. rates market for intentionally more aggressive rate hikes from the bank of england. that juxtaposition does not necessarily scream this is a tightening cycle. normally you would expect, if markets are expecting tighter monetary policies, the currencies could get a boost from that. but we are seeing the opposite here. that is reflecting the broader economic sentiment in the u.k. which is negative at this point. kailey: on the subject of wheat currencies, we are getting some comments from governor kuroda in the boj. he says the u.s. must keep "aggressive easing" even as the japanese yen drops. what are we to make of the divergence in central bank policy? on the one hand, you have japan saying easy, china will be easing. the boe is a question mark at this point, but the fed will be hiking this year potentially. kristine: i am personally interested in the story because that throws up a lot of potential opportunity for investors. a lot of potential divergences in markets as well. we are al

i'm kristin fisher. laura jarrett and christine romans are off today. changing tactics to take the beseenged city of mariupol. the russian government saying it is no longer necessary to storm the steel plant where the last remaining ukrainian troops are bunkered. putin is ordering a blockade instead. ukraine's president zelenskyy says his forces don't have enough heavy weapons to beat the russians there. four buses o

i wanting this report from kristin salome contains graphic images view as may find distressing. ukraine's president addressed the security council on the heels of his visit to boucher vladimir zalinski called for the united nations to hold russia accountable for war crimes saying it's credibility is at stake. typically, when does a great tele ladies and gentlemen, are you ready to shut down the u. n? do you believe that the times of international law have passed away? if your answer is no, the actions are needed now on immediate actions are needed. the un charter must get its force back again immediately. the un system must be reformed immediately, so that the right of the veto will not become the right of death. stable. he told of horrors at the hands of russian troops, including women being raped and killed in front of families. people in cars being run over by tanks. and he showed grisly images of dead bodies and civilian clothes, laying in the streets. but russia insisted, the images were staged with nubian burgers does go mucus. we are not shooting against civilian targets in order t

to that meeting. western and russian diplomats traded accusations over what transpired in boucher kristin salumi as more from you and headquarters in the united kingdom sat a security council meeting on tuesday would focus on boucher amid growing outcry over alleged atrocities there. it'll be the 1st opportunity the security counsellors had to discuss the images that we've seen in broucher, which at you've heard widely over the weekend, described both his war crimes and his genocide. so we really are facing the true reality of the appalling russian invasion of ukraine. but that wasn't soon enough for the russian ambassador who called his on press conference and accused ukraine of staging images of dead civilians. he pointed to social media video and boots as mer, smiling at the announcement of russia's troop. withdrawl said to be shot on march 31st. a day after russians pulled out in it. there is no mention of dead civilians from the very beginning, it has been clear that this sir, is nothing else but yet another stage pro occasion aimed at discrediting and different realizing of the russ

thank you so much. kristin christmas and new me reporting from the united nations. we will now cross to ukraine itself and bring an enron con, he's joining us in that capital. keith, to tell us about a president vladimir zalinski, his appearance at the security council, the 1st time his he's ever done. so in ron, how significant was it? it was incredibly significant if you take a look at the way the speech was structured, it was really into very different parts. the 1st part was a catalogue of the russian allege war crimes that he says the russians did within the town of boucher and in other places. it was also i look at some of the atrocities that took place to very impassioned speech. talking about some of the things that the russians did, then it was very much a message to united nations security council. he'd be gotten that section of the speech by saying that the russians will blame everyone, and they will say the events abuto was stage, but we will investigate. he says, we will involve the international criminal court that's going to be difficult for him to do

kristine aquino, thank you for joining us. we will dive into the latest u.s. gdp figures, we speak with adam posen. this is bloomberg. ♪ tom: welcome back to the open. we are 22 minutes into the european trading day. every major index gaining. over 1% for the dax. in terms of your sectors, only two in red. telecom is down 0.2%. look at amazon and apple come up because of what we are seeing in china and the expectations that the regulatory crunch might ease off. francine: let's focus on the health of the global economy. u.s. posted a surprise contraction for the first quarter. we have had figures from france and spain this morning. france also stagnating while spain slowed more than anticipated. the president of the peterson institute for international economics joins us. there is so much i want to ask you about inflation. are we all getting it wrong? is inflation here to stay? inflation falls off a cliff in the second half? adam: i doubt it, francine. thank you for having me. i think the slow down or the short-term bump we saw in the gdp data for france, spain

when i was thinking about who to have in the book, i thought of kristin, everyone knows what you haveomplished a lot of people don't know that you have a beautiful faith story with your beautiful career story. and i think that kind of fascinates people, about people in show business. don't believe you could be a spiritual person. >> they're so wrong, they is no idea the miracle was not just the career, and what i have dreamed of having in my career, how i came to be and be in within my family. >> this is the story that of a probably. we'll tell it, you were adopted. >> i was. >> tell us about that. >>> i am glad you giving me this opportunity to talk about it. up until recently, past couple years, i have been speaking out more about bee adopted, man mainly, i first want to hurt anyone's feelings, the first miracle, my mom and dad had my brother naturally, my mom at age 24 had ovarian cysts that were going to be cancerous. she told her doctors, i wanted to always try to have another baby. god's plan. at the same time there was another young lady, i call her mama lynn. who could not --

kristin smith, thank you for joining us. coming up, the elon impact on twitter shares.e social platform continue to rally? we will talk about that next. this is bloomberg. ♪ >> i think he really believes he can do something good for society with this platform. >> he is certainly making a statement, and it is a statement that -- statement about censorship. he doesn't agree with censorship for a smooth functioning democracy. >> i interpreted as a sign of how influential elon musk is. there's nothing changed in the front middle outlook for twitter. >> i think this starts what was going to be a broader strategic initiative for elon at twitter. >> i think it's a very expensive way to get yourself an edit button. i to gets a very interesting move. he's a power user and knows the product well. >> it will either be agar walled changing the policy of the company to an open source, being censorship or call people out on censorship or it will be a management change. i don't know what's going to happen. emily: twitter shares have skyrocketed since the news of elon stake in the comp

and we know that germany has con, just sung kristin. more scrutiny, should we say for the pace that it is gone so far? we've sending weapons, but of course it must be pointed out that sending any weapon to ukraine. does mock pies make shift for policy for germany, but absolutely. ukraine will welcome the new to new k today. we know foreign minister, foreign minister, thank nature yesterday that will you crane when he needs weapons, weapons, weapons. germany has also been criticized for weeks now about its reliance on russian energy. sholtes was pressed about that today. what was his response? charlotte? quiet jim chocolate face and pretty difficult questions when it came to germany's dependent dependence on russian energy. he was asked particularly about the fact that germany in energy import had essentially been funding the russian a war machine over the last few weeks shots, the friend of germany position essentially saying that ending the dependency on the energy was not something that was going to happen overnight it takes time, but

i'm kristin fischer. laura jarrett and christine romans are off this morning.the line in morning on at least two fronts but for how long? ukraine's troops have repelled numerous advances by russian forces in donbas even as russian shelling escalates. the u.s. says ukraine had years to prepare trenches for ambushes in the east.

i'm kristin fischer.orld. it is tuesday, april 19th. i'm kaitlan collins in new york with jim sciutto in lviv, ukraine. john berman and brianna keilar are off. >>> we start with breaking news in a critical moment for russia's war, now that a major battle for donbas is under way, president zelenskyy announcing that russian forces have launched a new large-scale ground offensive in eastern ukraine. marking a potentially significant turning point in russia's unprovoked war and creating the ultimate test

you know, if russia revert back to it, you know, kristin, orthodox parenting and we did on the state level, so it will, it won't be acceptable by the international community wants to see this family in modern, in the international. and just very briefly, i would like to touch upon something that you've just said you called this new, the new cold shabazz sheriff and imported and imported prime minister. so do you think under his leadership, pakistan will manage to continue close corporation with china and russia that while it has been maintaining and in one hand, but very briefly, if you can please. yes, of course. so they are going to align themselves, but not in dr. you know, for, you know, really science and mr. ron con did, because i know some of us are the mentoring members in the speech is ever, you know, explicitly said that russia is a good alternative and they can engage russia because, you know, graphically, it is more, you know, i grew to have economic integration with russia and the central asian state now because for the central asian markets and because of the revival of

kristin, how much of a difference or these sanctions going to make when the e was still buying massive amounts of russian oil and gas. terry, when you think about the fact that the european union is still sending hundreds of millions of euro's every single day at sue russia, despite the fact that they're going to eventually van, our coal, you realize that this is not all that match. and the criticism here from many, many in the u, for example, is that the block is effectively continuing to fill and top up moscow's war chest with those energy payments that these energy payments are effectively undermining all these sanctions. add that have been put in place, which do show to be having some kind of an impact in russia, but clearly not enough to stop what we're seeing happening in ukraine short of an embargo on russian garson oil. christine, what leverage does that you have to persuade russia to get out of ukraine? not very much. sure. and this is why we are seeing efforts happening at all levels at political levels that the european union engaging a partner countries around the world to

great lord, save ukraine willie >> raf sanchez starting us off in lviv, ukraine thanks so much >>> kristin welker is nbc's chief white house correspondent. she is co-anchor of "saturday today. she's in for chuck this morning as moderator of "meet the press. it's great to see you on a sunday morning it was interesting to hear president zelenskyy say, yes, i'm so glad secretaries blinken and austin are coming, but i would like president biden to come as well we saw the aid package, $800 million from the united states going to ukraine new sanctions. this visit today what did does it all signal to you? >> well, willie, it's good to be with you i think it signals tha the pressure is mounting to do the biden administration to do more to deliver more. in fact, president zelenskyy saying of this visit by the secretaries of state and defense, quote, they should not come with empty hands, not just presents and cake but with specific weapons the question becomes, what will the deliverables be of this visit. it comes on the heels of president biden announcing that new $800 million aid package, which i

host: kristin is waiting in south carolina on the line for gun owners. caller: good morning. i'm wondering i am wondering if the solution to gun violence it seems like it's a water politic. is gun violence not surrounded by drugs? it seems as though there are many citizens that are gun owners that have never been violent or harmful with their weapons but we need to leave to control drug usage and it seems to be caused by violence with guns. >> one statement you made that's absolutely true is this all about drugs, city after city that actually undertakes careful examination and the motives for those shootings find it's not drugs. more commonly these are just conflicts people get into for a whole host t of things. some individuals who are shot or do the shooting may have history but the actual shooting events do not involve anything to do with drugs that have to do with grievances and problems that individuals have and they can't control their responses and have access to a firearm. >> host: codirector of the center for a gun violence solutions. we have to leave it there but if