listen fed you don't need a laptop. i still want to see your pictures as much as you want.gs should be today. come on, come on. so fly, buddy, come on, sniff. no, it's past, it seems more. let's just be careful. now these are excellent, it seems there are yes, keep the number. forgive me, but i will not be able to quickly return the castle to you. i need it for testing. yes, i understand hope thank you. i hope you find the thief before he spends my money, well we'll try our best . hacked oh well, to be honest, i don’t know there are scratches inside, but something confuses you. yes? e, you understand ekaterina vasilievna well, they are located somehow strange, it seems to me that i am not sure that this is the result of the influence of a master key and i want to be able to say for sure after the examination. it's clear okay, then we'll wait for the examination, let's go. jeep 100% our tread pattern is fully matched. well it seems we found a thief, yes, dirty young people. what are you doing here? if i'm not mistaken, we were just about to have guests for you. moscow crimin

to fed governors and listen to high-valuation tech stock brings us back to last time contemplating what it felt like to tighten in 2016, concerned about global growth, i realize this time is different, i'm not liking the prospect of, you know, even on day like today with crude down, back to $100 or whatever, if we start to see the dollar go up, crude go down, and stocks pick up in volatility like this with the back drop of uncertainty, europe is likely to be in a recession and likelihood we're pricing in a recession in 2023 at some point stocks only down 5% are going to start to actually have to price that in a little bit and don't think we've really done that appropriately i don't think a 15% peak to trough decline in s&p 500 from january 4 atto low of few weeks ago adequately encapsulate lates the market. >> some have been annihilated, igb, high-flyer names, software etf that is sort of indicative of the high flyers so to me i feel like that's already deep in bear market despite the rally we had last two weeks and i think it should stay in the bear market. i ag

who do you think is going to be more interesting to listen to, fed chair jay powell or christine lagarde of the ecb? jonathan: based on news conferences, chairman powell. how this goes, i don't know. it is going to be interesting to see if president lagarde pushes back against her vice president forget that is going to be interesting. tom: to lisa's comment on labor per dissipation, underplayed yesterday was the jp morgan oil energy outlook, which was a primal scream on building oil demand. that is may be the most optimistic thing i have seen all week. jonathan: and where the consumer stands with oil prices. wells fargo say this, from chris harvey leading the equity coverage. despite what consumers are saying about inflation, they are still spending bank earning calls, indicating the consumer remains very active. let's get the view from citi with david bailin. just how supportive is this consumer of this equity market? how strong is the american consumer right now? david: the american consumer is actually weakening relative to what they were just a few months ago. when we take a look at

lisa: in some ways, the fed does not want to see profit margins pulled in. i was listening to fed officials and they were saying that. it is concerning to them if they can see the ongoing ability of companies to pass along the price increases to consumers. what is the risk that good news with earnings power leads to bad news long-term because the fed will be more aggressive? gina: it is a matter of the degree to which companies are able to pass along price increases. the data picture would suggest ppi is hotter than cpi, margins expectation stop increasing six month ago. to the g3 -- to the degree the fed does want to a slowdown in price pressures and pushback we are seeing that emerging corporate earnings. it is a dance because how much do you compress margins for corporate earnings where they start cutting headcount is a big question. that is what the market is struggling with. yes some margin rationalization make some sense, but you can only go so far before you have a real impact on the economy. march is a reading indicator of weakness or strength in the economy, becaus

. >> i think the fed is not listening to -- by the way, this is positive, i think the fed is not goinglisten to the market any time soon i think the fed -- and i think this jerome powell, who i believe is much more of a hawk in his roots than people understand, is really understanding how far offsides they are here. i think the pricing pressures we will see in commodities and labor markets are nine months out. as we heard, the european data where ukraine is not even priced into the energy prices quickly, fire and ice mike talks about, he says i think, if anything, we had a case where even some of those ice stocks in health care have had a very big run. i think you do have to stay in many of them i still stay in united health care, tenet health care, abbvie. but looking at the market, the rally we had is not going to lead to another big april, which is people know is the biggest up month of the year. >> the question you asked guy about, do you think we will see conservatives down, i think last week we saw rh and hulu, very two different big stories, but i think i'm with guy i think we'r

listen, the fed would not be looking to raise their base rate federal 50 bases point twice as much multiple times if inflation wasn't worse than what they're really saying. i don't get what they have done to make it better. they haven't done much to make it better. read jamie diamond's letter ceo of j.p. morgan all the spending coming out of washington and to the fact that we have problematic inflation. he also reappointed jerome powell who was late on the game with inflation. and you know, listen, i covered the markets. i often cover the doing market and politics and i grew up in this 170s. the party in power during inflation never fares well in rate hikes. this could be a real problem in the democrats. >> bret: get your seat belts on. >> yes. >> bret: charlie, thank you. >> any time. celebrate. >> bret: latest on coronavirus outbreak on washington political leaders and democrats on that front. first some of the fox affiliates. fox 11 in los angeles where two people are dead after a shooting in los angeles' county willow brook neighborhood. the sheriff's department says five other people w

listen, the fed clearly was caught flat footed behind the curve and now the real risk is they are going to overreact on the other side but this is not something that's going to play out in one or two quarters , liz. this is going to be a long ballgame, and we don't know where interest rates are going to go but clearly, the fed is flat footed. they need to play catchup. inflation is a real problem, and it's not going away anytime soon i think there's a paradigm shift going on, its been going on now for three or four months in the market and i think that's going to continue. you know the netflix of the world have their own life span and the problem with all high-flying stocks, stocks that are over-owned and over- bought are all fought with a lot of potential risk when they miss and this is a perfect example. liz: well, yeah, and we're watching netflix, all of the names in that space, and of course tesla coming out after the bell, so much more on tesla coming up. teddy, scott, great to see you both thank you so much. folks we've got ukrainian military commanders begging for more nato weapo

i think the risk with the fed is that we have so much mixed messages as it relates to is it passive balance sheet reduction or redu reduction? you listen to different fed members and you get different opinions and you have the minutes released our point is our investment colleagues on wall street is that the fed made a mistake -- anytime you are active, you increase the likelihood of making a mistake. >> james, we have a couple seconds left growth rates will decline. how can the growth rates for tech stay the same now we're out and about? we will not be on the peloton or zoom calls as much >> growth rates have started to come down. that's why people have been nervous about what is the new normal are for the growth rates? our case is the secular win wiwith are strong i think you will see a react sell ration back to what the growth rates would have been pre-covid and higher because the world has changed and it will not go back. >> growth, but not the growth people want to see james cakmak, i appreciate it. thank you for being here >>> still on deck on "worldwide exchange." round one of the masters in the books. tiger's place on the leade

hyg below 80 credit is becoming a concern all this predicated on the fed speak that the market is starting to listen to now. >> yeah, oil continues its decline, tim, we also saw small caps suffer a little bit more than the largest indices, maybe on the notion the domestic economy will get hit. >> well, it was an ugly, ugly day, vix up 11%. if you look across sectors some of the destruction was awful in fact, i listened to powell's comments and to me, again, evoking in a glorious way paul volker, talking about a guy who basically crushed and rubbed out inflation in a way where actually there was a sense you no longer had to worry about that it sounds like his goal. and i'd go back to van halen their next album i believe was called diver down. and the minute the market got to 295 you had a case the equity market sold off. and the destruction wasn't just in retail and high-tech names. look at the resource space these were demand destruction-type reactions from a market that listened to powell a fed that hasn't hiked 50 bip since 2000 hasn't gone back-to-back meeting since 200 6. >>>? -- people seem to

way it responds to high inflation with these aggressive rate hikes, how likely is it that the fed will listen ease off to perhaps calm global market nerves? >> well, i'm hoping the fed will understand. i think they do, but they need a balance, like, i think it's gotten out of control on either side. and i think part of the recession, rosemary, isn't so much about -- it's okay -- i mean, it's never okay to go in recession. i'd rather have a minor recession than a major recession. there's a difference between the two. we're seeing inflation rising, prices rising, the pandemic, it's clear on all sides a recession will possibly occur. we saw this the last recession. it could be minor. it could be a blip and we could be back on the road to recovery. i don't want to make it seem like there isn't a path that isn't all doom. but deutsche bank is stating that the recession or the recovery is not going to happen until 2024, which is obviously two years from now versus we are thinking hopefully by next year we'll be back to somewhat normal. >> you mentioned that deutsche bank saying the economy reboundi

they listen to the fed as it gets tougher and tougher in november, jay powell -- and from that perspectives are getting crushed, it is worse as the fed hits the brakes in the economy i saw that in the restaurants that i used to run but the ceo of paychex said more companies are opening more than ever and he's a straight shooter. and then the head of bank of america who said the same thing, small business are doing terrific i bet we'll hear again and even more resoundingly from american express when they report on friday how do i know this because we talked to the ceo and he made a great case for am ex's growth and you could argue that is all backward if we get hit with a recession, everything is going to fall apart. i come back and say these companies should prepare for the worst if there is really a recession, they'll be ready. go over what bryan moynihan has been saying. now it is $7,400 the average person with 3250 is now at -- [ inaudible ] that is why all of the planes are jammed and you can't get a reservation and leisure is doing so fabulous including disney theme parks by the way.

how much are they listening to what fed officials are saying or is it the other way around james borg says inflation is much too high, but charles evans sounding more optimistic let's bring in steve liesman to make sense of what sometimes seems insensible >> do my bestest, tyler. both chicago's charlie evans and st. louis's jim bullard have positive outlooks, but they differ on how much of a threat inflation is and how much the fed should do this year. evans saying the economy should do well. even in a rising rate environment. he went on to say he sees the fed raising rates to two and a quarter, two and a half percent by the end of the year jim bullard said the fed should hit 3.5% and he thinks the u.s. will still have above growth and declining unemployment he said the economy did well in 1994 when the fed also hiked includi including by the way, a 75-point hike >> that one was successful and did set up the u.s. economy for a stellar second half of the 1990s. one of the best periods in u.s. macro economic history, so it was successful and in that cycle, there was a 75 basis point inc

if you listen to what the fed governor said yesterday, she was talking about curbing inflation beingount. the central bank may trim the balance sheet rapidly. these are sectors on the move. we always look at commodities, especially looking at extra sections on russia and what it means for the commodity producers, basic resources on the way down but they have been extremely energetic. insurance, media, food and beverage are the only getting sectors in today's trading session. on the downside, auto parts, basic resources and technology. the u.s. and g7 are coordinating on a first round of sanctions on moscow following the discovery of civilian murders in ukrainian towns. volodymyr zelenskyy has urged the u.n. to remove russia from the secured counsel to stop it from using its veto power. >> remove russia as the aggressor and source of the war so it cannot lock decisions regarding its own aggression, its own war, and do everything we can to establish peace. francine: there are live pictures of the european parliament meeting. ursula von der leyen is laying out the red lines and stress s

. >> exactly i agree with shannon we have to listen to the fed there.hey're telegraphing what they're going to do so as an investor you want to look at your portfolio and start focusing on derisking. taking away the risk aspect of your portfolio and look for quality names that have pricing power and so that's what we've been doing and i think we would advise anyone to start looking at the portfolio and start looking at those risk assets. >> josh. ed yardeni says 50 basis points are coming in in the next five meetings what's the story to the market reaction to what seems to be a foregone conclusion. rates are getting hiked. the fed wants stocks and other risk assets to go down >> yeah. i've been bearish since january saying the same thing again and again. you can't get too negative, when you see that vix up at 28, 29, 30 find something to buy. i don't care what it is, and then vice versa. when you're back at 20, 19, take something off and that has worked flawlessly. i'm team weiss i've been all year it's very rare the two of us are this aligned and the f

you die, so that you fight, so that you die, so that you don’t exist and don’t have to be fed, so let’s listenting statement of a diplomat. of the main european do you think that a major battle will take place in eastern ukraine yes, i am afraid that russian troops are grouping in the east in order to launch an offensive in the donbass ukrainians are by and large aware of this so that i am afraid that in the coming days the war in donbass will escalate the russians criticized you for saying that the battle will be won on the battlefield, do you still adhere to this opinion , usually wars are won and lost on the battlefield, right? please continue, here is a typical representative of the state saxon approach. that is to say, he is simply the name completely controlled, and he pushes, yes to the spaniard, regardless of this. he is in their service, that is, once the european union planned him the creators planned how to introduce an economically large euro hub as an alternative point on earth. yes, it will be the subject of economic policy in the world. i go with the anglo-saxons with china ther

but you also have to listen to the atlanta fed president. the less hawkish members had a chance to talk today and he said he is wary of hiking rates too much too fast and cooling-off the economy. that is something the imf and world bank are concerned about. >> and we are seeing reverberations across the world when it comes to a hawkish fed, global inflation. asian bonds are getting hammered. what is the outlook? andreea: look, that's right. the emerging market bonds in asia had up to this point been largely supported by more dovish central banks. we are seeing bonds from south korea to the philippines to thailand joining these global bond market routes. that's because the central banks in asia are starting to turn more hawkish. we have inflation starting to creep into this part of the world. and the central bank cannot afford any more pain. because they are coming out of this pandemic, to some extent, the economies were trailing in that part of the world. what you are now seeing is this selloff in bonds in asia. they are singing this -- seei

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 growth in europe and some areas of asia, so we saw deviation on some of that resolved from the federal reserve and other central banks. it is reasonable to expect that we continue to lean against inflation. how one builds portfolios given that perspective, we are seeing slowing growth and an interest rate rise amid tightening financial conditions. we are seeing impact on earnings, so some of the value stocks. some of them coming out of depression in europe and other areas of asia so difficult to build portfolios. francine: what does that mean for bonds? is there anything that looks attractive? richard: we see a huge selloff on the longer end of the treasury markets and across global bond markets. the reference of the fed, which i think would be reasonable to do so, and i think that the fed is going to get the inflation number two target. -- number to target. we are seeing a middling in that part of the curve and some of the pri

listen to me, to be honest, already all this is fed up with everyone considering a different person inding. so, you can take three skins? yes, they discussed that sergey was deceiving that this was his business. listen to me here are the nuances of your relationship. these people here are not interested at all, who said what to whom? how much does the girl, listen, i personally have no claims to you. i just want, for the thief to go to jail. so do your job. let's go, gosh, when dad is released, then we'll go to russia, well, what are you talking about, what kind of prison are evdokia detained? excuse me please, dunya already released it. my husband keeps mine. and i'm nadezhda pavel, this is barbara and ekaterina, the very ones. give me the very ones. do you want to tell us? i wanted to tell you. i wanted to tell you that you are very lucky to have such a sister. how to think? hello dun. well, why well, this gavrilyuk refuses to take the application. they came here. dunyan though somehow help the application. let's first, in order, what actually happened. how many times a week can you

will take a little time fed-setting expectations being hawkish, markets have come to adapt -- david, actually -- we believe powell is speaking now if you don't mind, stay there. listen in to the fed chair at the imf debate on the economy. >> -- bright spot in the global economy, but now policies are changing, as you know, to address inflation, and there are concerns globally about the tightening of monetary policy. what's the u.s. outlook? and how are you feeling right now about your claim that we're not heading towards recession? >> i guess i'd start by saying that we are unified with our allies around the world in opposition to the invasion of ukraine for no reason, and the human suffering going on there, and while -- while these economic matters are important, there are fundamental things at stakes there that we want to keep in mind so in terms of the u.s. economy, we are a bit more remote from the immediate affects of the war compared to europe, for example. but we will be feeling them over time and they will come in the form of upward pressure on inflation. further upward pressure and a bit of down with regard pressure on output. but the u.s. economy is very st

fed money ear. come on, let's pour. why listen to such a plan?dude from the diplomat. in short, he appears, and his chump at him is immediately a specially trained network and that's it. excellent. get out. shocker no, you're upsetting me directly. do you have any plan with merit, it appears that, and i'm like that, and i'm such a hop, i pull out the table and know a brilliant plan twice in the leg the gun is there is the leg in place. everything works locally. it doesn't matter, the plan is good, yes, let's go ahead. all understood you lies too. opa standing suitcase and this is what this is this this was this, who is not too much, there are no many questions. and don't you dare read me. you do not understand what is happening, you explain to me what is happening. repeat please what is this, or what? i don’t understand what is going on, you continue to spy, if they weren’t there, so by chance i saw you with another man, some one i won’t say. you have nothing to do with it. i'm not with you saw. there is no blackmail, lover, you are exhausted, yo

fed their stuck with control in housing. they can't control auto. they can't control food. >> right. >> they can't control the price of aluminium these are supply constraints i'm saying listen to the fed's show today, i know that jay is watching every minute. he would say i don't know. what do i do >> hi, jay >> solve the war in ukraine. and, by the way, you say that, you know, if you say putin gave up on mariupol. >> i think quite the opposite. >> exactly the opposite. this is a stalin grab and a tractor factory. it's a matter of time. >> yeah. >>> we'll watch for powell this afternoon. see a few pluses this afternoon, perhaps. we'll talk to calvin mcdonald of lululemon. talking about the consumer on the five-year growth plans on the revenue targets. we'll get to interesting stories on land research, carvana is interesting. and futures do look good as the aw, as we said, goes for three in row don't go away. w ways of working bring new threats. that's why we started an office commune. not a security concern around for 50 miles. unless you count the wolves. and all the llama milk you can drink. you know at cdw, we can design a security solution using hp elite devices with re

let's listen. >> every time i hear another fed member talking extremely hawkish about action and whether it's the balance sheet the more bullish i get and the reason for that is when you start to look at rates, and when the fed starts raising rates and the ten-year yield falls, if we have long rates fall that will make stocks look a lot more attractive right? how about that >> he, the last time he was on, suggested that the 10-year will fall to the range of maybe it will top at two or 2.25, obviously, it overshot that, but he thinks as others do, as well that maybe you've topped in the ten year, you know, at 277 or wherever the exact top and was now you're going to start sliding back within that range which he says makes a lot of stocks more attractive i see you buying apple calls and i see you buying chevron calls and i see you buying apache calls. >> yeah. i'm not very committed right now, scott i'm not buying in to what mr. minerd was talking about necessarily because of the fact that it's been playing out for a while now. we watched the ten-year as it was making this kind of a move a

. >> takes on the greater significance because this is the fed trying to listen to see if inflation expectations are becoming entrenched. to the extent that the reporting tells them there's pressures got to make them tend towards the hawkish side right? >> can i bottle that explanation up >> please. >> exactly how the federal reserve use it is beige book and goes beyond that because they watch the inflationary dynamic work the economy watching and listening to businesses say, we have higher prices, passing them along higher wages, we pass them along. not only does it tell them what's going on in the economy but the economic dynamic and people out there that want to believe in this concept of peak inflation and i don't think you can tell that story from this report it looks like there's more stuff to come down into consumers with the big question being where we kind of started is do you get to a point where consumers don't have the money to pay the higher prices and balk and have a negative sales reaction as in huh-uh >> right not going there. done all right. thank you. >>> coming up, the winner

and i love his fed speak if you listen to this it's really kind of tricky here, but he said 50 basis point hikes are worthy of consideration, "possibly highly likely." >> i agree. liz: highly likely or not? just possibly highly likely. >> very likely. probably going to happen that's why they have been saying it for the past three weeks so the market can get used to it so when brainard came out and said that last tuesday all of a sudden the nasdaq has been down four to 5% since last tuesday and you had sometime to react so what the fed does is float what they are thinking about doing and let the market actually discount so when they do it, it's not that big of a deal. so short-term, that statement is probably priced in. short-term the cpi tomorrow, which everyone is talking about being super duper hot, sentiment is now very bearish tomorrow we get a bounce. so actively gain the market, but again, mid-term to long term put your money to work. every single month, depending on your risk tolerance, put money in. if you trade actively like i do for a living you have to know where the senti

listen, the bond market's doing the work for the fed but also let me point out something bryn said that was quite smart. if you're in a two steps forward, two steps back market, maybe you are for a few more weeks, i don't think, but if you are, you need to be an active stock picker you need to be in the cyclicals that have yields to them that are tied to commodities or like the financials are going to benefit from this steepening yield curve. you can't just blindly go into tech and say it's all tech all the time that's not in the playbook this year >> coming up in a bit, leslie picker is going to tell you maybe you need to be looking out for something under the surface in the banks as to why -- are you laughing why are you laughing at that >> because it feels like everything i say, there's a segment coming up that there will be a note drop that disagrees with it. that's okay. i find it amusing. >> i've read through the entire format of the show today as i do every day, obviously and i know what's coming up. there are some good counterarguments to your bullishness. i mean, you remain rem

listen, let's remember this, the fed's job is to combat inflation.heir tool in the tool box is to raise interest rates. their tool is to stop printing money. when they do that, other economy is likely going to slow down. liz: yeah. >> so sad to say the fix for inflation is recession and no, putin didn't do that either. liz: that's what history shows. you raise rates it triggers, usually a recession. you know, congressman, democrats are in a panic. biden is underwater in the polls under key pocketbook issues, energy, the border, crime. approval rating is dropping among 18 to 30-year-olds. cbs news "gallup poll" shows this. when weigh see the rhetoric and messaging has been all over the map. what hbo's bill maher on this. >> we have problems we haven't had in a very long time like inflation. >> yes. >> certainly we have been running up the debt but not the levels that we have in recent years where we just sort of went, oh, numbers don't mean anything and now they write it like it is a dinner check. just. [laughter]. i don't know where that leads. >> we

he is pretty worried about the fed's fight against inflation. let's listen. >> i'm not as optimistic as most people. i still think it's good to be very tough. i think inflation has a lot of momentum. wage growth, it's a tight labor market. wage growth is strong. we don't want to recession. >> underscoring the tightness of the labor market and the week ended april 2, u.s. jobless claims fell to 166,000. that is the lowest level in 50 years. this is well below 225 per week average well below the pandemic which everyone thought was a tight neighbor market. that's why they agreed to have to go in the same direction. how you get there is the question. shery: talking about some of those divisions, we are seeing the split between the hawks and doves at the european central bank as well. what do we know? >> it boils down to focusing on inflation and how high it is in europe versus the war in ukraine. all the uncertainty that creates around marty prices. -- commodity prices. the fact that everyone thinks this will hit europe the hardest. 7.5% year-over-year is four t

i can tell you this, if there are two ceos out there that the fed, powell, listens to, it's larry finkics and managing their portfolio -- neil: i didn't know that. >> yes. and, of course, the ceo of the largest u.s. bank, which is jamie dimon. both have lines right in to powell, and, you know, you can only extrapolate from what they're -- if jamie dimon and fink are saying we have overheated inflation, we've overheated the economy. by the way, jamie also said some of the biden stimulus wasn't called for, that it's clear now it caused inflation. neil: wow. >> which is pretty interesting -- neil: did he say that at the time though? >> that's a good question. i don't think he said anything at the time. neil: right. >> he's been warning about inflation. neil: he has. >> but he clearly thinks we overheated the economy with all that biden stimulus. neil: so talk about more government stimulus -- >> is crazy. but when a guy who has the ear of powell does what he does today, i asked economists, fed watchers, you name it, what does that mean for rates, everybody says it's 50 basis points at thi

down inflation is paramount for the fed and she is clearly on board with starting to reduce the balance sheet which also reduces stimulus at the may meeting. let's listen to what she had to say earlier and prepared remarks to the minneapolis fed. >> given the recovery has been considerably stronger and faster than any previous cycle i expect the balance sheet to consider -- shrink rapidly with significantly larger caps in a much shorter period than the maximum caps compared with 2017 to 2019. kathleen: a very important point she made is the balance sheet reduction, when you buy bonds, you stimulate the economy, when you let them run off and reduce the balance sheet and you sell bonds, you are then reducing stimulus. so it will help back up, help add to the tightening rate hikes will do. the san francisco fed did not say much about this, but also said the fed could start the reduction in a couple weeks. esther george in an exclusive interview with us earlier today said she definitely thinks a 50 basis point rate hike will be an option. if you are going to be 50 basis point rate hikes, twice as big as 25, then that's also going to have to be looked at in

so you have this push and pull between the markets and the fed so fed is kind of like thank you know the parent cracking whip saying listening to settle out, mortgage rates, the rate of change in mortgage rates from 3%, in the fall, to 5%, is pretty epic, and unheard of so to speak, that coupled with fact that you know we have we have p-- c, this morning hopefully frontloading of fed is done just talking about rates as much as they are going to do has enabled markets stocks down, 50, 70% used car prices going down, just reduced gdp yesterday, because ukraine racial war, how are they going to raise rates through did you observe right now they really can't, so hopefully as we said, inflation will roll over, will begin to be talking in the back, meaning, 23, 24 ooefz back down curve obviously, mortgage rates too because fed is going to mike 50 basis points, that is pretty much baked in the cake, how they proceed the rest of the year dependent on how place comes about so inflation rolls over hard, i think that they're going to pull back a little bit might not see 50, 50, 50, 50, 50, as markets expecting, if it doesn't if it d

for a while we were saying that the fed put is gone out of the market now the fed will not let that happen >> not if you listen to bill dudley. >> i don't agree i think the fed -- the fed is very hawkish certainly with hikes and i think also with qt they started to really be aggressive with that to me losing the thread means the credit markets start to get really down. but they're not yet. they're down -- >> that is the sentiment in q4 of 2018. don't forget there were growth issues there people were saying, they're hiking into a slowing economy and as soon as the stock market went down 0% in two months, they changed their tune and they didn't hike rates until last month. >> and we hadn't spent $4 trillion. >> and if you feel we gov a stave off of that economy, basically the war economy, everything that came out of covid was a war economy and i think in addition to stimulus and in addition to what we have in terms of infrastructure build out, i don't think we have the same economy. >> all right leapt's talk about this recent move in rates. this is what the chart master calls most important trend line in the mar

stocks were lower on wall street today after fed chair jerome powell said the fed must move faster to address inflation. and listenexcuse me, expecting an interest rate hike of half a percent. at the fed's next meeting in two weeks, by the way down 368 points and nasdaq fell 278 points just over 2% in the s and p was down 65. long term mortgage rates continue to climb , hitting the highest they have been in more than a decade. the average rate on a 30 year mortgage increased for 1/7 straight week to 5.11. compare that to this time last year when it sort of just shy of 3% figures show the average rates in recent months or seeing the fastest pace of increases since 1994 mortgage rates so high now could be a good time to test your luck. the powerball jackpot growing to an estimated $400 million, and that's because no one won last night's top prize and no one has claimed the jackpot since january, wheng onm california, split $630 million prize. the next drawn by the way is saturday. nasa's perseverance rover has captured dramatic video of a solar eclipse on mars . the footage shows phobos marches, marches excuse me, p

they taught me a ton i always listen they're that good >>> coming up, the fed's got a lot to juggle.s tell us about what's to come cramer plums the debts to get you answers next you answers next >>> ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ hey lily, i need a new wireless plan for my business, but all my employees need something different. oh, we can help with that. okay, imagine this. your mover, rob, he's on the scene and needs a plan with a mobile hotspot. we cut to downtown, your sales rep lisa has to send some files, like asap! so basically i can pick the right plan for each employee. yeah i should've just led with that. with at&t business. you can pick the best plan for each employee and get the best deals on every smart phone. >>>. >>> as we try to get confirm that the federal reserve might be trying to destroy the economy to save it i think we take the temperature of the stockmarket maybe it's not as bad as we think. i don't know that's why tonight we go off the chart with the founder of option fit.com. he also writes real money.com. these are resident volatility expert right now we are ho

the near term we'll bundle along but concerns further down the road that the fed may put on the brakes too hard. >> well listen think the fed is going to put on the brakes too hard, right? they seem to, you know, go way overboard on the stimulus and now they are probably going to go way overboard as they try to control it. i think people are recognizing that that's probably what's going to happen and so you need to be prepared but look a lot of these names and a lot of these sectors have already started to reacted. i mean look at the home builders , look at the semiconductors, look at small caps. they've already sold off ahead so they actually, you know, as investors start to really understand the role and the speed at which the fed is going to move, that will then dictate the next boom. i don't necessarily think there's going to be a crash. do i think there's a recession? absolutely, whether it happens at the end of december or , you know, mid-2023 that's not really the point. the fact is to what depth will that recession come, based on, you know, how aggressive the fed is. ashley: kenny polcari, always great

through her leadership the fed listen to the people's lives and livelihoods are affected, local officials, banks of all sizes. she would i go into the she's working to ensure banks meet the needs of all of our communities. during this pandemic she served as a steady hand working shoulder to shoulder with chair powell to stabilize our economy and steer the country out of an abyss. dr. brainard has a distinguished record of bipartisan service in government. she joined the fed in 2014 from 2009-13 she was undersecretary for international affairs department of the treasury. she worked in the bush, the first bush administration. as deputy, unser, she worked in the first bush administration as a step economist for the council of economic advisers and deputy national economic adviser in the clinton administration. she was a professor at touche -- massachusetts institute of technology. she will make sure all americans have good jobs and growing paycheck and affordable cost of living. that also been supporting efforts to close the racial wealth and income gaps that have barely shrunk in decades. t

listen, and you are on your honeymoon, in my opinion in karelia strange, yes, everything by the seas by oceans and mosquitoes were fedrds. well, it was so good there, as we organize in the classics before. it remains only to find out who put him here. or maybe this is the father of a baren student? no, normal guy. most likely, her hooligan is just some kind of or maybe someone knew that she was transferring money through me. all right, the investigator will sort it out. i don't even want to think about it. well, galina how do you mean? what did you like? an interesting girl is a lot of intimidated, but a good one can be seen. well, you see, i'm doing it. wanted a teacher. so you will not go to any england, understood the military school? hello dear what kind of motley savagery is this? i didn't buy a little one. so i helped a fellow traveler. yes , this girl. best wishes. so maybe we'll give a lift after all flew away together? why do foreign leaders bring with them into the water? and who wants ice cream? unusual scene in the kremlin who was it? stop when the west declared russia an aggressor, and you want to fight

fed. that's next. this is bloomberg. ♪ guy: welcome to our bloomberg tv audience and radio listeners. ining us from kansas city , missouri is policy corresponded mike mckee. standing by with fed president esther george. over to you. mike: thank you for joining us today. nice to be able to do an interview in person. esther: nice to see you. mike: you called for the fed to be measured and cautious in its policy moves. does that mean you would be against larger moves for the time being? would you dissent against 50 basis points on march 4? esther: the way i think about removing accommodations is we have two instruments, short-term policy rates and a very large balance sheet affecting the amount of accommodation in the economy. it will take thinking about both of those things, i think, as we come to the main meeting to decide what is the appropriate pace, the appropriate amount of policy decision? mike: there are a lot of people on wall street who say the fed is behind the curve and you have got to go 50 because you're going to lose control of inflation if you don't. esther: we know this p

fed president john william. michael mckee will be spearheading that at 8:45 a.m. we of course will be listening in closely. tom: interesting to see john williams and his thoughts toward the fed meeting and of course later on we are absolutely thrilled, and original set of interviews with daniel juergen and putin's world is my book of the year, i've never had it sooner than this and the war in ukraine is a must-read. would love like to do is advance the conversation on the present economics of the world, that has been her tour de force at the international monetary fund for number of years but it is new duties for the first deputy managing director at the international monetary fund, gita gopinath. there was a celebration across all of economics with this announcement. what is different from your economic duties versus being first deputy managing director? gita: as chief economist, i would see my role as an advisor, but as managing director, i am in management are taking a lot more difficult decisions. i think that would be an important difference. tom: you have been spearheading the pandemic and i must ask

fed change course? do we really need the 50 basis point increase you know, listen, time will tell we do have more meetingst of the year my hope is the fed will proceed cautiously as they have been doing for the past two years as we have been talking about tapering and tightening. all of these things and they made it clear they will watch the data i hope they do that in this case the bond market really has been doing the job of the fed lately. >> it certainly has. nasdaq futures, by the way, are down big tech in particular, tiffany, does look more vulnerable to rate shocks or balance sheet shocks or whatever you want to call them. it has not been the kind of april many hoped for >> it hasn't quite honestly, it is not the year many hoped for. look at the difference in volatility between this year and last year. again, especially in tech, we can look back to 2020 and 2021 and see how well tech was performing and now in 2022, it is a different situation many people are thinking and wondering if this is a good time to buy tech? i'm always in the tech camp. for me, it is not about painting industries or types o

yashkin cat, listen, i have been eating with you for almost a week. it's time to remember that a peasant should be fed and dinner should be meat. first of all, this is not a dining room for you. and secondly, you not my man. and why are you such an evil kitty? you probably need sex as well as not meat. yes. you know, i would help you, of course, but i'm sorry to take a little. you will be well behaved. maybe you'll get something. another good morning. good morning. go have breakfast. good morning, baby. i'm already bored. i think i will go. you have lost my appetite. yes, i just played. it would be over soon. this check from the mayor's office, two weeks everyone is on their nerves. come on, everything will be fine, of course, i need your peace of mind. and by the way, i almost forgot. she just asked me to print photos, but long before all these events. i printed them out. thank you so much, how much i owe you that kind of money, stop it. all right, no need, take your pennies. show me the photos. now look, this is dimka with sasha , she felt good that day. and i'm sorry if you don't want to, you can n

as for inflation coming in, listen, i really think the fed should shock the system. basis point that's already priced in. in fact, the cme, the fed fund rates are telling us a potential 75 basis point hike is already priced in for the may meeting. hay need to shock the system. i think they should just hike today and get it over with, do a 50 basis point hike here today, rein in inflation. you're already seeing, i think, potentially peaking here through the march numbers 6.6% cpi. remember, that's comparative to a base number in 2021 quarter one of 1.4%. if you look at 2021 june-august average, you have a core cpi of 4.3%. if they come in hot and heavy right now, say 50 basis points today or at least by may and another 50-75 by june, they could start to rein in inflation. it would be some short-term pain for long-term gain. i think that would open door to seeing a potential path to record highs by august, september. dave:ed wow. very quickly, i'm going to try to squeeze this. china, you say, is playing a deadly game with these lockdowns. very quickly, go ahead. >> yea

and the next thing we know, we come in, the only thing we're worried about is the fed, which i would say after listening to your interview, they're more in control than we thought. >> talked to the fed chjay powel she's got a single inflation mandate. inflation is obviously fight number one. >> right >> and they seem to realize they're behind the curve and they've got to get on top of it. they don't want to crush the economy. i think when he says 50 basis points is on the table, it's more hawkish than before he's careful not to be too much. he talks about a tight labor market, inflation market i think they feel they can pull off a soft landing. >> they can do it. there's going to be a couple of bumps. i think the issue if you're jay powell, you must recognize what is being said by companies so you have brian moynahan saying the consumer is the strongest it's been. the consumer can take some pain, and not fall flat. companies are doing quite well they can handle the pain the people who can't handle the pain are the people at the retail level who are trying to swallow all of these different increases and

enough now is your task, so that the children are fed and healthy, this is your most important thing, so be silent and rejoice. thanks listenuar, as an expert, can you cut the price? let's do it, we can, but you understand how the expert will understand this, i will be in your debt. fine. come on by 6:00 today and bring yours, we agreed, we will make a cat out of our beast. thank you helper. well, who of course in landscape design? thank you in egypt for us european landscape of 50 hectares, i congratulate you. well, i said, guys, 50 hectares of work is enough for everyone. i congratulate you kirill alekseevich in our time such an order. this simply. well, you. you're just a good king playing smith. everyone will have to work hard, a first of all. i very much count on you for your style for your taste, and most importantly for the feeling of the world. check out their sketches here. well, that's what they'd like to see. well know your chances you will exceed their expectations. i thank you for your trust. i will try very hard. i have and let's drink 20 drops. and then they practically persuaded our partners, no, honestly, i

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listen, this is on fire right now. the fed knows they're behind the curve. they're going to have to aggressively raise interest rates and that they know deep down inside increases the risk of a recession. you know, you could see the housing market start to fall apart. then you're going to start having layoffs. we've seen this picture back in 2008. so they really have to thread the needle. and at the end of the day, unless the biden administration changes their energy policies, then you're just going to see these prices continue to go higher. we got a little bit of a break here the last couple of days. it isn't the last, john. i think we're going to see another spike up here in the next couple of weeks. mark, i want to get your take, especially on the home prices issues. we saw this . twenty seven and eight they're going to raise interest rates dramatically according to goldman sachs, they're predicting as many as 11 rate hikes in two years. if that happens, it'll destroy the housing market, the country . it will eliminate people's ability. young people to ge

other fed officials have talked about 50 basis point hikes. let's listen to exactly what he said at an imf panel that included christine lagarde, head of the ecb. >> it is appropriate in my view to be moving more quickly. i also think there is something in the idea of front end loading whatever accommodation one thinks is appropriate, so that points in the direction of 50 basis points being on the table. we make these decisions at the meeting and we will make the meeting by meeting, but i would say 50 would be on the table for the may meeting. >> i have been hearing in talking with -- and talking with my print reporter colleagues and they say this is an explicit endorsement of a 50 basis point rate hike in may just a couple weeks away from jay powell. jim bullard from the st. louis fed led the pack. chris lawler picked it up as well. other fed officials. even if they have not exactly set i'm going to vote for it, they know it is on the table. i think this kind of ties it all up. this is about frontloading rate hikes. what has larry summers been saying? wha

this is a positive thing the bond market has effectively digested what the fed has been telling them and if you listeno bill dudley he said, look, if the stocks - >> pressure on stocks. >> yeah, if stocks don't move lower, we will have to help them the idea that we are getting a repricing is good. obviously, it's painful to go through as an individual investor. >> megan, can you make a case at this point to buy tech, especially the mega caps alphabet earnings, i know you can't talk specific stocks, for flavor, disappointing on sales they are exposed to europe it was a youtube issue still growing double digits. fx is a problem with the dollar strengthening. the nasdaq is down 20% this year so would you buy it? >> not yet i still think there is quite a bit of volatility we will see throughout this year as we navigate through the fed removing that ultra accommodative monetary policy. this is a decades old theme that supported these stocks it supported heightened valuations and supported speculation. i think those days of over i think there is room for these stocks to reprice that valuation. i would be ca

listen to this. >> the baristas there have cited organizing activities that they're fed up.stirred, et cetera. they're burnt out on that. one of the things that they're pushing for, limiting mobile orders and how much they can be customized. >> now they have gone too far. it's one thing to have more money or better working conditions, but don't limit my am starbucks order. >> neil: you don't want to go there. i'm the guy that calls up, can you add a little caramel? thank you, my friend. jeff flock. the demands are what they are. in an environment where workers are still able to call the shots, for management, that could be a heavy thing to digest. all right. we have more coming up including whatever year digesting. maybe pills that will help you. i'm told there's some overweight people in this country that might welcome this news after this. only two things are forever: love and liberty mutual customizing your car insurance, so you only pay for what you need. if anyone objects to this marriage... (emu squawks) kevin, no! not today. only pay for what you need. ♪ liberty. libe

listen, actually, they have their own economy, their own country and their own people, who need to be fed. yes, here is the breakdown. uh, china was going to make it. and well, not now, and we, to a certain extent, the russian operation violated chinese plans and china was not ready for them, and you are everything else, but research so far that only 10% of patents can actually be implemented and everything else is rubbish. and well, this is how china works, china doesn’t have many techies can’t help politically. yes, indeed, the obvious chinese are engaged in the wording should international relations not work, but we hear about it all the time. when we speak in various forms, any door can open. here i am about the same let's talk normally. stop demanding. and now look and even carefully observe not only what is happening over there on the western front, because it is called the guardian, it is tied to western markets and it is impossible to get rid of, but on the other hand, he hates. this is the western world. here i just said a short very important remark that this is the motive. they

good luck attention listen to my command. first rank forward steps march forward do not stop. keep moving half a day later, they went to their neighbors' battery. the gunners were fed, they were given tea and treated to tobacco. they called major stupin , it turned out to be my third day, as a hospital for a wound. then they came for them. who is shukhov here? i am nikitin who am i to follow me to the exit. what happened? have a question? touch so you went nikitin trace after shukhovy mined road? that's how he walked and got out . and sukhov's daughter took you out. so exactly the senior leasing and how much is 7.5? and where did she come from? it exploded nearby. and switched off. when i came in, i didn’t hear anything, i saw lizonka was standing . she was pulling my hand, and as i got up, i went up to her. she took my hand and led me along. i follow him trace trace and this bullshit fighters i have to believe. it's not bullshit, comrade major, that's how it was. the truth is pure. and where did the daughter go? i don't know. well, that's what the hero gunners are. checked you really knocked out five enemy tanks and an armored vehicle with infantry. for this, even