we'll ask cleveland fed president loretta mester. >>> and they're off! the 145th run for the roses is tomorrow we'll head live to churchill downs for a look at the big money behind the big race with mike tirico. what's a target date fund? what's a hedge fund? a mutual fund? an index fund? what should i ask my investment professional? how do i know if they're even legit? edgar? who's edgar? how do i read a 10-k? what about fees? what's an etf? 529 plan? 401(k)? how do we plan for retirement? where do i start? empower yourself with the free tools and resources on investor.gov. before you invest, investor.gov. on investor.gov. the ai i need? it's gotta scale across my business. starting here, in procurement, helping us find the right suppliers. then here in logistic, to avoid disruptions! here in sales. even here! i'm talking about ai we can build to work... here, predicting trends. and here, wherever our data lives! and here, working with all our other ai! i think we're done here. expect more from ai. ibm watson. when yowhat do you see?itical issues facing

michael: loretta mester, thank you for joining us. loretta: thank you.to you. >> time for our social climbers. the stocks making waves in social media and today, you will find them all by using the terminal. first, i am looking at beyond meat, rising in the second day of trading. the company's birthday gains with the best u.s. listing since 2008 financial crisis. debuting this year for all but i handful -- they raised $249 million. the question now, will they generate a lot more money. , putting toesla rest fears of liquidity. stock ofing common convertible bonds. parking a relief rally and tesla's stock and bonds. overtaking apple as number two in smartphones. the networking giant shrugging off the heat that it ain't chinese espionage. chinese espionage. by 1.3. higher and now your social climbers. romaine: a reminder that you can catch all of our interviews on the bloomberg with the function gtv . you can also become a part of the conversation by interacting with us directly. this is bloomberg. ♪ ♪ optionsnow for out inside, and i am abigail doolit

coming up, cleveland fed president loretta mester will be ,oining bloomberg markets joined by michael. bloomberg users can interact with the charts showing today by going to g tv on your terminal. this is bloomberg. ♪ so with xfinity mobile i can customize each line for each family member? yup. and since it comes with your internet, you can switch wireless carriers, and save hundreds of dollars a year. are you pullin' my leg? nope. you sure you're not pullin' my leg? i think it's your dog. oh it's him. good call. get the data options you need and still save hundreds of dollars... do you guys sell other dogs? now that's simple, easy, awesome. customize each line by paying for data by the gig or get unlimited. and now get $100 back when you buy a new lg. click, call, or visit a store today. jonathan: from new york city for our audience worldwide, i'm jonathan ferro. "real yield" starts right now. coming up, another jobs report delivering solid gains, taking the jobless rate to 849-year low. not enough to put rate cut bets to bed as they remains uncertainty. treasuries looking resil

we'll ask cleveland fed president loretta mester >>> plus, only a percentage of women hold the top jobsing. why they're not applying for those commissions. >>> and facebook reportedly wants to award users with facebook coin. it's like bitcoin, but there's a catch. that and more on "the exchange." "the halftime report" is back after this ♪ limu emu & doug mmm, exactly! liberty mutual customizes your car insurance, so you only pay for what you need. nice! but uh, what's up with your partner? oh! we just spend all day telling everyone how we customize car insurance because no two people are alike, so... limu gets a little confused when he sees another bird that looks exactly like him. ya... he'll figure it out. only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ >>> welcome back to "the halftime report. i'm seema mody, and this is "futures now." gold rallying in step with the broader market today and on pace for its -- >> it should be with bullard saying that he'd be open to a rate cut, plus the fact that we're paying attention to wage inflation, to the exclusion of everyth

nejra: former cleveland fed president loretta mester said one needs to ask whether it is credible forp interest late -- rates low. even when demand is growing strongly. and a final voice, robert kaplan said rates are in the right place but weaker inflation merits close watching. still with us in zurich, claudia panseri. great to have you with us this morning. we did see some reaction in the u.s. equity market to powell last week but since then, it is trade that becomes front and center for the equity markets. targetlling six months on the s&p 500 and 2950. not that much upside. you still have an allocation to u.s. equities so how are you making that money work for you? claudia: we are bringing a lot of relative trade. valuation -- we are close to value. the way we work and being overweight u.s. is overweight to global stocks and we [indiscernible] other trade around within the global market. we have an overweight japan relative to the eurozone, we haven't overweight emerging-market and overweight canada relative to [indiscernible] and we have some overweight on sector, overweight on t

francine: coming up, loretta mester, reserve bank of cleveland president.nd the dot plot. this is bloomberg. ♪ ♪ francine: this is bloomberg "surveillance," tom and francine from london and new york. inflation in the euro area accelerating more than expected with consumer prices better than expected since november. wideman hasaker said any relief from tiering would be negligible. that is a strategy they are considering. let's get back to alan ruskin, deutsche bank chief international strategist. when you look at the concerns that the ecb had which was purely inflation, are we seeing stronger data and will that cement into longer, stronger inflation? to focus toositant much on one months worth of data. we have to see a string of strong numbers to see that general -- inflation is genuinely accelerating. maybe the central banks can be more responsive to this data. they are caught in a world where growth looks on the weak side where the of extreme weakness, notably in german manufacturing, and that is the greater concern rather than concerns about inflation acc

eastern time today after the numbers break and he'll have live interviews with james bullard and loretta mesterrt kaplan shares of meat substance maker beyond meat are once again jumping again in the premarket the stock went public at $25 per share, finished the day trading at $65.75, making it the most successful unicorn, decacorn going so far we're looking right now at that stock up another 10% in the premarket. you always have to then wonder, was it a successful ipo or not, given the pricing of it all. looks successful it means the company lost out on a lot of that big gain in terms of the cash that would have gone to their own coffers. >> what they had left and didn't sell is now worth $73 -- >> worth more as well. >>> verizon is seeking buyers for tumblr tumblr is among the assets verizon acquired back when it bought yahoo in 2017 the paper says it's unclear how much verizon might get for tumblr and there's no guarantee that a sale will actually happen tumblr was really sort of the big franchise merger or acquisition under marissa mayer's leadership of yahoo at the time i think she paid cl