leigh-ann: i'm leigh-ann gerrans with bloomberg's "first word news." secretary of state antony blinken is meeting with his counter problem -- sergei lavrov. there are roughly 100,000 russian troops near the border of ukraine. also the prospect that netflix is in a phase of slower growth, down as much as 20%. netflix of the slowdown will continue for another quarter. in u.k., down to pre-pandemic levels. the superstar known as meatloaf has died. his album had hit such as paradise by the dashboard lights and two out of three ain't bad. it became one of the best-selling albums in history with more than 14 million copies sold. meatloaf was 74 years old. global news 24 hours a day, online and at quicktake on bloomberg, powered by more than 2700 journalists and analysts in over 120 countries. i'm leigh-ann gerrans. this is bloomberg. ♪ >> adding any assembled russian units across the border is an invasion. it will be met with severe and coordinated response. i have discussed in detail with allies as well as layout very clearly. let there be no doubt at all t

. ♪ leigh-ann: with the first word news, i'm leigh-ann gerrans. u.s. russian diplomat's have agreed to keep talking. that was about the only thing resolved insecurity discussions in geneva. they are big differences over russia's troop buildup near ukraine. moscow is concerned about the possibility that nato may expand further east. north korea's kim jong-un is ratcheting u tensions. for the second time in less than a week, north korea has fired what appeared to be a ballistic missile into the waters off it ceased and coast. they moved at almost 10 times the speed of sound. jerome powell says the central bank will prevent higher inflation from becoming entrenched. still, he warns that the post-pandemic economy might be different than previous expansions. house remarks of the opening statement he will make at a senate confirmation hearing today. president biden nominated him for a second four-year term. in chicago, public schools will reopen for students tomorrow. the teachers union leadership agreed to accepting a deal to restart classes in person. scho

. ♪ leigh-ann: with the first word news, i'm leigh-ann gerrans. the u.s.onsumer price index coming out in a few minutes is expected to show that inflation climbed to 7% in december. that would be the most since 1982. that will keep market attention on a fed rate lift off as soon as the march policy makers meeting. the cpi data is released at 8:30 a.m. new york time. here in the u.k., prime minister boris johnson has apologized for attending a downing street garden party during lockdowns in may 2020, but in parliament today, he insisted he thought it was a work event. pm johnson: with hindsight, i should have sent everyone back inside. i should have found some other way to thank them. and i should have recognized that even if it could be said technically to fall within the guidance, there would be millions and millions of people who simply would not see it that way. leigh-ann: the leader of the opposition party has called for the resignation of johnson. the white house is moving to prevent future shortages of coronavirus tests. the administration wants to e

." ♪ leigh-ann:, i'm leigh-ann gerrans. the u.s.onsumer price index is expected to show inflation climbed to 7% in december. that would be the most since 1982. that will keep markets' att ention on a fed rate lift off. the cpi data is released at 8:30 year time -- 8:30 new york time. fed chair jerome powell is trying to convince investors that the fed can pull up a tricky task to bring down the highest inflation in four decades without damaging the u.s. economy. powell told a senate confirmation hearing the fed is on path to start raising interest rates and reducing its balance sheet. in the u.k., the rapid spread of the omicron variant lead to a spike in the number of people missing work last week. according to analysis for bloomberg news, employee absences rose 18% compared to the same period in 2021. it is estimated that 3.1 million brits were affected last week. now morgan stanley will raise annual bonuses for its best-performing staff by more than 20%. according to reuters, bankers and the equity underwriting and m&a advisory b

leigh-ann: with the first word news, i'm leigh-ann gerrans. inflation in the u.s.robably hit the fastest pace since for decades. the consumer price index comes out on wednesday and is forecast to rise 7% through the year through december. that helps explain a shift in the federal reserve approach to monetary policy, along with more consumer anxiety about the economy. in kazakhstan, security forces backed by russian led troops are restoring control after crushing demonstrations. the government says almost 6000 people have been detained. according to state tv, wondered 64 people were killed. the real number is thought to be far higher. tennis star novak djokovic has won a court battle to stay in australia and play the open. a judge reinstated his visa, which was canceled after his arrival last week because officials decided he's not be exempt from vaccination requirements. the judge ordered that djokovic should be released from detention. still, australia's government is threatening to cancel his visa for a second time. congresswoman alexandria alexandria ocasio-cort

. ♪ leigh-ann: with the first word news, i'm leigh-ann gerrans.s tom was discussing, and geneva, russian foreign minister sergei lavrov says the u.s. secretary of state antony blinken promised to respond next week to moscow's demands for security guarantees. he also repeated that russia has no plans to attack ukraine. blinken says he told lavrov that the u.s. stands firmly behind the ukrainians. he also says that the kremlin needs to address u.s. security concerns. investors are bracing for the prospect that netflix is entering a new fillets of -- a new phase of slower growth. share fell as 20% after the forecast for new customers disappointed. netflix also says the slowdown will continue for at least another quarter. china is vowing to curb the influence of technology companies. authorities say they will also route out corruption tied to what they call the disorderly expansion of capital. this is something that -- banks here in england are starting to bring staff back to the office now that the government has changed guidance on the matter read b

i am leigh-ann gerrans.his is bloomberg. ♪ >> i think they should go faster then what is priced into the market. obviously it'll depend on how the economy evolves. my best guess, they need to do at least four to five rate hikes this year and it would not strike me at all if we get into in every meeting kind of cycle. jon: bill dudley there, the former fed president and bloomberg opinion, one -- bloomberg opinion columnist in yesterday's conversation. with tom keene and lisa abramowicz, i am jonathan ferro. your equity market advancing .3%. the nasdaq up .5%. bond market, 1.7 550 one, chairman pals reconfirmation hearings coming up later this morning. here's one for you, from punch bowl news, house minority leader kevin mccarthy is considering instituting new limits for an outright ban on lawmakers holding and trading inequities if the republic takes the majority in november. that was for moments ago. jon: the key word here, -- tom: the key word here, and we won't spend too much time on this, the keyword is t

i'm leigh-ann gerrans. in kazakhstan, security forces are restoring control after crushing demonstrations. almost 6000 people have been detained. tennis star novak djokovic just won a court battle to stay in almost really a and play -- australia and play in the australian open. the judge ordered that djokovic. -- djokovic be released from prison. meta platforms are releasing what will be the largest sized crater -- they have recently announced plans to expand in the area. bob saget has died. he was best known for his role as a single dad in the said column for house. later wish sitcom -- sitcom full house and later as the wisecracking host of america's funniest home videos. i'm leigh-ann gerrans. this is bloomberg. ♪ ♪ >> we are on a path to make this disease caused by this virus much more mild, much more contained because we will have population immunity, we will have vaccines that are effectively knocking down severe disease. there are ways we can control this disease, but this virus will be around for a

. ♪ leigh-ann: with the first word news, i'm leigh-ann gerrans. u.s. russian diplomat's have agreed to keep talking. that was about the only thing resolved in the first round of security discussions in geneva. there are big differences of a rush of troop buildup near ukraine. nene while, moscow is concerned about nato expanding further east. north korea's kim jong-un is ratcheting up tensions as he ignores calls for a return to stalled nuclear talks. for the second time in less than a week, north korea fired what appeared to be a ballistic missile off its eastern coast. south korea's news agency says the missile flew at almost 10 times the speed of sound. federal reserve chair jerome powell says the central bank will prevent higher inflation from being entrenched. still, he warns that the post-pandemic economy might look different than the previous expansion. powell's remarks are from an opening statement he will make at a senate confirmation hearing later today. resident joe biden nominated him for a second four-year term. and chicago public schools w

leigh-ann gerrans in london with us. the rotation out of risky assets appears to be in full swing after the fed signaled that rate hikes may be more aggressive than many expected. here's how some of the leading industry voices have been interpreting the latest fomc minutes. >> powell says during the press conference. clearly, they were going to go. >> is this a meaningful shift? >> i don't think that there will be as hawkish as they were in december. and remember, this is just the fed talking. >> what's changed in terms of the fed's reaction function? >> this is the early stage of a tightening cycle. as you know, it's usually not the first rate hike that matters, it's usually the last one. >> with real rates being quite low and likely to remain quite low, it is still a broadly accommodative backdrop. >> i think the only surprise perhaps was sort of the view on the balance she runoff. >> we should expect volatility to return to markets when we get unexpected results out of central bankers. >> you are seeing orderly volati

let us get the bloomberg business feis with leigh-ann gerrans. leigh-ann: a standalone wealth management team in china on how mutual funds should be effective. the teller has already worked on the studies and the plan is now under management. the move would make stanchart the wealth producers in china. limit supply to the global hold up. the ps5 consul has been in scarce supply in december 2020. morgan stanley is reported to be doubling its stock in paris. the newspapers said that they have 300 bankers in the country by the end of 2023 up from 150 currently. and informal talks with the hong kong stock exchange about listing the financial times with ability requirements. they are expecting this giant to be compliant in evan d to 80% of its china securities. that is your bloomberg business flash. francine: federal reserve chairman jay powell will not hesitate to act to display inflation claims -- dispute inflation claims. he assured congress that 2022 will be a year of age percent. >> we and all mainstream forecasters forecasted that we would be see

. ♪ leigh-ann: with the first word news, i'm leigh-ann gerrans.mal talks between the west and russia began in geneva today. president putin is demanding security guarantees against nato. potential for russian invasion of ukraine is persuading the u.s. and europe to focus on long-standing complaints. the u.s. is pushing its allies to consider stronger sanctions on russia. goldman sachs is forecasting that the federal reserve will probably raise interest rates what are times this year. a research note also says the central bank will start its balance sheet runoff in july, if not earlier, and it is december meeting, officials signaled they were preparing to move quicker than last time they tightened monetary policy. omicron has spread in a port city that borders beijing and spread inland to an official. that brings the variant of the doorstep of the capital less than a month before the winter olympics begin. officials in the city have told the 14 million residents not to leave town unless it is essential. a big take today in the videogame industry. t

let us get the bloomberg business flash with leigh-ann gerrans. leigh-ann: the french government has told the utilities control to have discounted prices to protect households from inflated prices. in a separate development, edf says that several of its power price caps in france will be down. more global carmakers are being affected by the latest china outbreak in tianjin, along was a deal box control designed by the german automaker. they have now been closed for five days. alphabet's youtube is among the company that you -- that have been subpoenaed to hand over videos to the u.s. committee investigating the capital riots from last year. the commodities at goldman sachs have made a comeback with revenue expected with $2.2 billion since 2021, compared with less than a 10th of a payday since 2017. that is your bloomberg business flash. francine: thank you so much. the message from the fed is clear that they are bringing inflation down to the 2% target. the question remaining is how many rate hikes. here are key fed officials on the subject. >> i s

otis get the bloomberg business flash with leigh-ann gerrans. leigh-ann: tesco is raising its asset forecast up to solid allowing sales during the christmas season. they are up by 3.2 percent. that is on top of eight strong comparable -- on top of a strong comparable by last year. $25.5 billion in fresh investment for london. tech funding was more than double the level of 2020 did -- 2020. urban areas around the world were traveling around the san francisco bay area and let -- new york. profits are aided by the demand for semi-conductors. the chipmaker says they are growing to a record $6 billion. tsmc has been raising demands with heavy investing including in the u.s. and the u.s. trading income revenue dropped 16% from earlier. jeffries is overall trading the revenue with the company blaming challenging market conditions. that is your bloomberg business flash. francine: thank you. not looking at major moves today, but these prices have seen their biggest gains. monetary policy is getting louder. the fed says that getting inflation down to 2% is

. ♪ leigh-ann: with the first word news, i'm leigh-ann gerrans. u.s.retary of state antony blinken and russian counterpart sergey lavrov held security talks in the midst of rising tensions over ukraine. blinken told lavrov the crisis is at a critical moment. lavrov said the u.s. needed to come up with concrete answers to russian proposals. president biden has warned that moscow could be planning imminent intervention in ukraine. russia does deny that. investors are bracing for the prospect that netflix is entering a new phase of slower growth. shares of the stream giant fell as much as 20% after its forecast for new customers disappoints. netlist says the slowdown will continue for at least another quarter. china is trying to root out corruption and what they call the disorderly expansion of capital, a sign that beijing may expand a regulatory crackdown that raised more than $1 trillion -- that erased more than $1 trillion of market value last year. the rock superstar known as meatloaf has died. is late 1970's album "that out of -- album "bat out of he

let us get with leigh-ann gerrans. leigh-ann: netflix shares have dropped as much as 20% on the ricoh side of growth -- weaker side of growth. they expect to add just 2.5 million customers in the next quarter, blaming the follow-up from the pandemic. russian central bank has proposed a blanket battle on all cryptocurrencies. the country has sworn off being one of the biggest crypto mining countries in the world. they ban the use of crypto to make payments. serbia has vetoed rio tinto's plans for a lengthy a mine -- a lithium mine. they say this would become an environmental issue i head of serbia's coming election. that is your bloomberg business flash. francine: thank you so much. so much going on in the world of markets and business. joining us now to talk about the markets is richard dunbar, investment director of standard life investments, as well as our kristine aquino. this is a bit of everything. there's concern on geopolitics and worried about what the fed will do, but there are also shaky earnings which points

now let's get to the bloomberg first word news with leigh-ann gerrans. leigh-ann: in china, beijing is trying to bolster an economy that has lost momentum because of a property slump and repeated coronavirus outbreaks. official data shows that china's growth domestic product rose 4% last quarter from a year earlier, the weakest since early 2020 for the fourth time this month, north korea has test filed -- testfired missiles. kim jong-un regime fired what seem to be two ballistic missiles off the coast. it could force the biden administration to come up with a new strategy towards kim. in texas, authorities identify the man who entered a synagogue and took four hostages. he was a 44-year-old from the u.k. the standoff ended with the fbi rushing into the building and the death of the suspect. he was demanding that release of a pakistani convicted of trying to kill u.s. soldiers in afghanistan. the anti-vaccination staff of tennis player novak djokovic cost him a potential payday of $2.1 million. djokovic was deported from australia after the nation's federa

let us get the bloomberg business flash with leigh-ann gerrans. reporter: the chairman says he is optimistic about hong kong's future. he spoke with bloomberg at the bloomberg forum, he says that the entrepreneurial spirit will see us overcome this hurdle. >> i think hong kong will continue to be successful. i have support for hong kong and china, and of which hong kong is an important part. i think hong kong will retain its position as one of the leading financial hubs in the world. reporter: bloomberg has learned that read it -- reddit is working with morgan stanley and goldman sachs and might be valued at $13 billion in a public opening. the company was valued at $10 billion in 2021. new oriental says that sales plummeted by 18% following beijing's crackdown on the tech sector since -- in july. they have cut back on tuition funds and other expenses. that is your bloomberg business flash. francine: the evidence of the tightening labor market and the growing applications. here are some of the reactions. >> it is a confusing report. >> i am not su

let us get the bloomberg business with leigh-ann gerrans. reporter: retail sales jumping in december. the british retail console group 4.6% last month compared with december 2019 as people flashed up on christmas. they declined less sharply than germany, france, and italy despite growing omicron infections. singer is being acquired in a deal valued at $11 billion. the purchase is expected to make the publisher of grand theft auto the leader in a $93 billion global gain market. >> we are thrilled to be combining with the team at zynga. we are excited to join our mobile games division with zynga. reporter: and airbus has raised a warning about its outlook, pricing the spread of omicron in china. the production has not been affected, but the forecast is still looking at the corporation. china is airbus's biggest market, accounting for 23% of its debt deliveries last year. -- jet deliveries last year. francine: there is a lot going on. i was looking at -- this would be the highest inflation numbers we would get. the highest in four decades. you'

i am leigh-ann gerrans. this is bloomberg. ♪ pres. biden: my guess is he will move in.s to be something. it will be a disaster for russia . our allies and partners are ready to impose severe cost and significant harm on russia and the russian economy. tom: president biden in press conference yesterday. as we talked to craig moffett about 5g of moffat davidson -- of moffat nathanson of his fears of 5g, does the surveillance process. we try to go to experts to give us perspective. lisa brought months -- lisa abramowicz and tom keene with dan tannebaum. actually knowledgeable on sanctions. through the dan tannebaum prison -- prism, what did you hear in the press conference that would change the behavior of mr. putin? dan: thanks for the intro. i did not hear anything in the press conference that is likely to change the behavior of mr. putin. you've heard since september -- since december this white house and allies talk about the threat of sanctions should russia move its forces across the border. a reminder in the ukraine, i think hearing that emphasized again, it did sou

i am leigh-ann gerrans.his is bloomberg. ♪ >> let's talk about how insurance companies support individuals who are unable to access insurance. how do we support increased infrastructure when it comes to primary health care and how do we inform medical literacy? how do we improve health literacy across the country. jonathan: some of the concerns from the associate professor of emergency medicine at johns hopkins. i'm jonathan ferro. you choose up 20, advancing zero point -- futures up 20. looking forward to catching up with brian deese, director of the national economic council. tom: it will be a very import conversation on build back better, his wheelhouse. right now, the warehouse of christian buyer of johns hopkins , he travels to south africa in the coming days to give important perspectives. dr. beyrer, thank you for joining us. i want to speak to you about the epidemiologist boris johnson. basically, he said yesterday we will trust the judgment of the british people. your comments please on what is clea

. ♪ ♪ leigh-ann: with the first word news, people lee ann gerrans.tion is building along with inflation. the fed seemed pretty far behind the curve when you consider wage growth and the central bank may be able to raise interest rates to 1.5% before it inflicts economic pain. the u.s. inflation numbers are out at 8:30 a.m. new york time. now an omicron outbreak and china is sending the jitters through global supply chains, manufacturers and schippers are bracing inside the world's biggest trading nation. two chinese cities are locked down and more facing disruption. policymakers will have to decide how much to increase restrictions. in u.k., the so-called partygate scandal concerned members of boris johnson's conservative party and worried whether he can survive pandemics of parties at his office. two polls out show johnson should resign and they'll continue making playstation consoles because of supply disruptions that limited output of the play station a 5 and the newest version is in short supply since released more than a year ago and it uses les