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the news about the buyback as well talk to larry culp tomorrow and we look forward to that interviewnd also looking forward to our next interview of today, one of the greatest of all time mbf trading ceo mark fisher where is oil going from here in we'll find out next. ♪♪ ♪♪ ♪♪ ♪♪ ♪♪ ♪♪ ♪♪ ♪♪ ♪ ♪ ♪ hey google. ♪ ♪ ♪ ♪ ♪ ♪ as a small business owner, your bottom line is always top of mind. so start saving with comcast business mobile. flexible data plans mean you can get unlimited data or pay by the gig. all on the most reliable 5g network. with no line activation fees or term contracts. saving you up to $500 a year. so boost your bottom line by switching today. get the new samsung galaxy s22 series on comcast business mobile and for a limited time save up to $750 on a new samsung device with eligible trade-in. >>> i'm rahel solomon and here is our cnbc news update at this hour ukrainian officials say a russian arc ttack severely damad a maternity hospital in mariupol zelenskyy calls this strike an atrocity no details yet on casualties at least 1170 people have been killed in the city s

general electric's ceo larry culp on the outlook for the company on nuclear power and renewables.ies to reduce the sting. we begin with

coming up in just moments, larry culp, ge chairman and ceo will be joining balance of power with davidn it comes to the u.k. in london, dab digital, guy will be hosting the cable at the top of the hour. 12:00 in new york and 5:00 in london. we have to check on the markets. we are off session lows but still down hard when it comes to u.s. equities. the nasdaq 100 off about 2%. bond yields up after the cpi data. the 10 year yield is back at 2%. from new york and frankfurt, this is bloomberg. ♪ >> from the world of politics to the world of business, this is "balance of power" with david westin. david: from bloomberg's world headquarters in new york to our tv and radio audiences worldwide, welcome to "balance of power." we begin again today with ukraine. we have had those disappointing talks between representatives of ukraine and russia in turkey. in the meantime the white house is busy at work with a schedule call with president erdogan of turkey this morning and then this afternoon with the president of columbia. for the latest we turn to our washington correspondent joe mathieu, host of

ceo larry culp is planning to split geo into three companies next year. i'm ritika gupta. this is bloomberg. ♪ ♪ >> we tried to do the sanctions where the oil and gas flows would be less effective so that it impacts russia and not in the united states. clearly this concerns in the market when we have roughly 3 million barrels that are off-line, and that has driven the prices higher. jonathan: that was the senior energy security advisor at the u.s. state department. good morning. we are 12 men it's away from cpi in america. the ecb rate decision hind us. in front of us, a new conference with president lagarde. no diplomatic breakthrough in talks between the ukrainian foreign minister and the russian foreign minister. for the ecb, and earlier wind down of the asset purchase program now expected in q3. italian yields higher, closer to 1.90%. the euro initially spiked, now negative again on the session, 110.74. tom: gold up $24, $2012. not back to the angst of a couple of days ago, but a churning tape right now. we will keep our eyes on the headlines of ukraine, russia, and al

general electric has slashed ceo larry culp's controversial pay package by $10 million a year. it is a surprise move in response to last years rebuked rebuke by shareholders. culp's total target compensation went from about $21 million to $11 million in a nonbinding resolution -- million. in a nonbinding resolution, shareholders went --global news 24 hours a day, on air and on bloomberg quicktake, powered by more than 2700 journalists and analysts in more than 120 countries. i'm ritika gupta. this is bloomberg. ♪ upta. this is bloomberg. ♪ >> we believe moscow may be setting the stage to use a chemical weapon and falsely blame ukraine to justify escalating attacks on the ukrainian people. jonathan: secretary blinken not holding back, going into talks with china. president joe biden speaking to president xi over the phone in about one hour and 40 minutes. going into all of that, futures are negative by 0.75% on the s&p come on the nasdaq down about 0.7%. yields into 2.1314%. chancellor sunak in the u.k. saying the priority going forward is to cut taxes. kailey: obviously the u.k

ceo larry culp is preparing to split ge into three independent companies early next year.bal news 24 hours a day, on air and on bloomberg quicktake, powered by more than 2700 journalists and analysts in more than 120 countries. i'm ritika gupta. this is bloomberg. ♪ ♪ jonathan: happening right now, a news conference with vice president kamala harris and the polish president, happening in poland today. the diplomatic effort continues. tom: this is about jets, and overnight, i don't have the exact citation in front of me, basically the united states said we are not going to move jets around to assist ukraine. you've got to believe that was at the top of the pile of this discussion. jonathan: what did you make of how publicly that diplomatic this cute -- diplomatic dispute played out? tom: i think it is an example of a fractured ally group with everybody trying to keep it together against one singular force, which is vladimir putin. that is what this comes down to. we have seen it many times in history. how do you offense against a singular force, the force we have seen in th

ceo larry culp is taking a pay cut. we'll talk about the responsiveness of the ge board >>> let's start with the markets here on the final trading day of the week a strong week, jim despite what may by initial weakness we have all seen the volatility that can occur during the course of one trading day your thoughts on this final day of the week. >> i think this week was a week where we were gratified -- i should say ceos are gratified that maybe the inflation cycle can be broken. it started most ceos i talked to say, you know what? the idea that we have to endlessly pass on our costs means that our whole business will be devalued there's a lot of regular people who watch the show, and they think that it's ridiculous that ceos want this, but i think i'm in the camp, just as everybody's purchasing power is eroded if this continues am i a sycophant for jay i just think he's done a good job. >> did you listen to chris waller's conversation? do you have any thoughts >> they're too focused on inflation. >> what do you want th

reiterating the forecast for $7 billion plus in free cash flow next year i'll be talking to ceo larry culp miss that. it starts at 12:00 p.m. eastern. david. >> okay. in the time russia and ukraine failing to reach a ceasefire deal after stalled talks between the foreign ministers of both countries. kayla has the latest for us. >> fourth round of talks in a turkish city on the mediterranean failed to produce any compromise after russia dug its heels in on bending on demands. ukraine's foreign minister after the meeting telling reporters russia's foreign minister would accept nothing short of a ukrainian surrender and telling cnbc he did not have putin's blessen to broker anything else. >> definitely he did not have sufficient amount of authority to make any yields today he came to talk, to listen, and i very much regret because it was, you know, more people will die because of his inability to make decisions >> across europe the biden administration trying to bolster alliances in a major diplomatic test, vice president kamala harris visiting poland saying the nato partnership remains ironc