here is mark crumpton with "first word" news. mark: a warning from russian president vladimir putin. he told russian lawmakers there will be "a lightning fast response" if the request interferes with the war in ukraine. that follows comments this week by the russian foreign minister sergei lavrov there is a serious risk of nuclear war over ukraine. united states called lavrov's marks "the height of a response ability." federal agents have arrested the head of archegos, which clamped after the market turned against its position. bill hwang and his former cfo have been charged with fraud. the collapse led to billions in losses for investors. former president trump is a killing a new york judge's ruling holding hint--appealing a new york judge's ruling holding him in contempt of court for failing to comply with the subpoena by the state attorney general. the challenge, filed wednesday in manhattan, seeks reversal of a naval 25 finding that mr. trump violated a court-order to deadline to hand over records to the new york attorney gene

let's go to first word news with mark crumpton. mark: president biden blames the first construction of the u.s. economy in 2020 on technical factors. mr. biden says employment, consumer spending, and remain strong. the commerce department reports gross domestic fell at a 1.4% annualized rate in the first quarter. republicans have seized the report, charting it shows that president biden is handling the country -- handing the country, rather than leading the country into an economic recession. treasury secretary janet yellen mounted a full defense of the biden administration's 2021 spending package in the face of criticism that it helped to fuel the highest inflation in 40 years. sec. yellen: the recovery packages sought to protect against risk. they were not just tailored to address the median outcome. let me be clear, the risk in 2020 and 2021 was a downturn that could match the great depression. mark: secretary yellen help champion that american rescue plan that came on the heels of two major rescue packages totaling almost $3 tri

i am mark crumpton.g to secure safe passage for civilians, fleeing ukraine, after failing to agree with russia today. ukrainians asking the u.n. and international red cross to be on hand when the convoys come through. efforts to create safe passage for civilians to leave the besieged city of mariupol have failed repeatedly with each side blaming the other. why has denied targeting civilians. russian president vladimir putin is calling on officials to help business, amid the pressure. speaking of moscow, he said the nation must give russian entrepreneurs as much support as possible. he called for prosecutors to investigate crimes he alleges have been committed by nationalists in ukraine. president biden says he feels good about the french election and that he will spe

i'm mark crumpton.scernible] health officials say as of february, 57 .7% of americans had antibodies to the virus, up from 33% in december. while the antibodies aren't necessarily protective, they indicate a previous infection, with increased access to at home testing and many people experiencing mild or a symptom that it cases, official covered case counts have become increasingly unreliable. vice president kamala harris has tested positive for covid, making her the highest ranking widen administration official to report being infected. a spokesperson for the vice president said harris tested positive on both rapid and pcr tests. she is not showing any symptoms, but will isolate and work from home. the vice president's office says she is not considered a close contact of president. u.s. defseec

here is the first word, i am mark crumpton. johnson offered an apology to the house of commons over breaking the u.k. lockdown rules he devised. the prime minister insisted it had not occurred to him he had done anything wrong. pm johnson: let me say, not by way of mitigation or excuse but purely because it explains my previous words in this house, it did not occur to me then or subsequently that a gathering in the cabinet room before a vital meeting on covid strategy could amount to a breach of the rules. i repeat, that was my mistake and i apologize for it unreservedly. mark: prime minister johnson may face further finds as london's metropolitan police complete their probe into further government gatherings during the

i'm mark crumpton. u.s. treasury secretary janet yellen said the u.s.g back the trump-era tariffs on merchandise, imports from china to help provide americans relief from the fastest inflation in four decades. secretary yellen: we're re-examining carefully our trade strategy with respect to china and, you know, i think it's worth considering. we certainly want to do what we can to address inflation. and there would be some desirable effects. it's something we're looking at. mark: today, officials representing the united states, germany, japan, and other nations walked out of a world bank gathering in protest when russia's envoy started speaking. the representatives were attending a meeting of the institution's development committee. that's according to bloomberg sources. the walkout follows a similar move at a g-20 meeting earlier this week. starting next month, hong kong will show arrivals of all nonresidents fro

i'm mark crumpton. this is bloomberg. ♪ matt: good afternoon from new york.t is 1:00, 6:00 in london, 1:00 in hong kong. i'm matt miller. welcome to bloomberg markets. here are the top stories we are following from around the world. stocks are lower once again. the nasdaq 100 on pace to close with the steepest drop in nearly a month. investors uneasy about a more hawkish fed and the war in ukraine. supply chain troubles remain a concern for automakers. you'll hear from volkswagen about their recent trip to ukraine. he is the man at the carmaker responsible for purchasing. and we will go live to cape canaveral, where in 24 hours time, spacex will be caring its first all private crew to the international space station. quick check on what is going on in the markets. we have a drop in the s&p of half a percent. 4459. 4460 is the level we are seeing today. the 10-year yield coming up, 2.6428. we do see a steepening of the curve between the 2s and 10s. that is no longer inverted. the bloomberg dollar index at 1205. nymex crew coming down a little bit. 95.50 a barr

i'm mark crumpton. this is bloomberg. a >> welcome to bloomberg markets. romaine: here the top stories we are following. jobs day here in the united states. or than 400,000 people suggesting recovery in the labor market. we will speak to one restaurant tour on the tactics the industry is taking. china stocks trading in the u.s. are rallying. authorities in beijing are closer to resolving a dispute with securities regulators in washington. >> let's start with a quick check of the major averages. the first day of the new month and quarter. in the first quarter, it was the roughest we have seen in a couple of years. we did see a healthy rally for some of the hardest hit stocks from the midpoint of march into the end of the month. some cautiousness as we start the new month of trading especially given what we sell with the jobs report today which adds to the idea of an aggressive u.s. fed going forward. let's talk more about the jobs highlights. the payrolls number coming in at 431,000. we saw a revision for the month of february. the average hourly earnings s

bloomberg take, powered by more than 2700 journalists and analysts in over 120 countries.i am mark crumpton, this is bloomberg. jon: welcome to bloomberg. matt: tech leads losses with the tenure climbing to 275 for the first time since the beginning of 2019. french president micro -- emmanuel macron goes in a charm offensive as he prepares to take on his far right candidate we discussed with the future of french politics means after the war in ukraine and elon musk ditches the twitter board of directors, leaving the door open for further stock purchases but also helping them out with regulators. we will discuss that in our stock of the hour. jon: let's get a quick update on the major averages on this monday. in the equity market, there is plenty happening in technology with the nasdaq off 1.5%. we continue to see the selloff of more than 1%. is the sixth time in the last nine sessions. gas prices with consumers perhaps getting a break but the concerns out of china have weighed on energy stocks. we have seen red on the equity screen in north america trading. the 10 year yield, the market wat

no ♪ romaine: keeping you up to date, first word, i'm mark crumpton.e viewers may find this footage disturbing. new york city shooter remains at large after 16 people were injured at a subway station in sunset park, brooklyn. a man and a gas mask opened a gas canister on the train and shot numerous riders. they are searching for the suspect described as a heavyset black man wearing a green construction type vest. in the last few minutes from the associated press, a law enforcement source says the nypd has located the u-haul van sought in connection with the attack. a bomb squad is on the way and we're waiting for a nypd briefing and will bring it to you as soon as it starts. vladimir putin said peace talks with ukraine are stalled and he promised to continue his, quote, military operation there calling the conflict a tragedy. ukraine expects russia to wind up the offensive in the eastern part of the country this week, echoing a u.s. warning which also predicted a, quote, more protracted and very bloody phase of the war. global news 24 hours a day, on a

i am mark crumpton. this is bloomberg. ♪ john: bochum to "bloomberg markets." >> tech stocks driver event as bond traders dial back aggressive rate hikes from the fed. the bank of canada delivers its own jumbo rate hike, 50 basis points. the biggest and 22 years. vehicle prices continue to rise. today we will talk to toyota's bob carter about supply chains, ship shortages -- chip shortages and electric. >> let's check the major averages. we are seeing on the equities green screen across north america. yields cooling off a little bit. toronto, up 150 plus point. worth noting the s&p steadily gaining ground over the course of the day. nasdaq has been the best performer. that is in part because we have seen that stronger performance from the technology stocks, whether it is in names like michael or -- apple or microsoft. the question is whether these gains can hold. investors today may be suggesting inflation has peaked and they want to step back in. we have seen this intraday trading before. coming off a t

i'm mark crumpton first word news. president biden celebrated the confirmation of incoming supreme court justice judge ketanji brown jackson as a historic milestone for women and people of color. speaking at the white house alongside judge jackson and vice president kamala harris president biden said this without so much sunshine on so many young women, so many young black women, so many minorities. the u.k. and germany are putting aside differences over imposing tougher sanctions on moscow in a show of unity for ukraine. the nations say they will send the war-torn nation more weapons and work to ramp up pressure on russian president vladimir putin. after talks on downing street with british prime minister boris johnson german chancellor olaf scholz spoke to reporters. >> we are trying to send those rapids -- weapons that are helpful. we will continue to do that. > th -- successes by the ukrainian military

i am mark crumpton and this is bloomberg. >> welcome to bloomberg markets. >> i'm romaine bostick in for matt miller. romaine: global food prices are surging as of the war in ukraine chokes crop supply. paying for some gains for others. we will take a look at kroger and why they're stocks are at a record high. and we hear from canada's finance minister on why she says trudeau's plan is fiscally responsible. jon: let's get a quick check of the major averages. the s&p 500 was a modest gain. trying to make up for certainly some big selling russia we saw tuesday and wednesday. when it comes to sectors like tech that were really under pressure those days you are still seeing cautiousness. we watch the fight against inflation and what that means for previously loved growth stocks. to a certain extent some of the buying is coming through energy stocks with oil a little higher after the recent selloff. that get us -- gets us to our four what it is worth segment. whether it is oil or other commodities we have talked about inflation reality. we have a chart on what is happening with food price

i'm mark crumpton. this is bloomberg. ♪ >> welcome to bloomberg markets. >> is selling -- the selling is broad and it is coming off of earnings. this after two and a half percent gain yesterday in the s&p 500. take a look at our canadian neighbors. less of a selloff. john: and the nasdaq 100 is nearing a 12% slide for the month overall, it could end up being the worst months since 2008. you have seen apple, amazon, alphabet kumutha on microsoft, tessa with market cap declines of more than $1 trillion. kriti: earlier, jeffries say ing >> nobody wants to buy anything in tech. it is not just amazon. klobuchar on microsoft, google, bulb hr on anything -- we have a buyers a buyers strike across wall street on software. kriti: apple shares sliding after saying that constraints would cost about $8 billion in revenue during the core incurred or -- current quarter. joining us is our apple reporter out in los angeles. mark, thank you for joining us. i'm hearing one of the legacies of the ceo, tim cook, was really

i am mark crumpton. this is bloomberg. >> i am romaine bostick. >> and i'm caroline hyde. welcome to our special coverage. we are starting early after several people were shot. we understand many wounded inside a subway station in sunset park. this is still an active shooter situation. an incident that is thus far not deemed a terrorist attack but has not been acknowledged as to what the motivation is. they are not ruling it out. this incident has upended the world of those commuting from this particular subway system. 36th street stop in sunset park which is a residential community. romaine: and a community going through a huge revitalization process with new development along that area and the water channels, the former marine terminals. this train stop itself is a huge transfer point for a lot of people looking to get from brooklyn into manhattan. some of those trains go into queens. huge hub for people. at some point around 8:24 this morning the man boarded the train for manhattan and while that train was in motion he opened a canister, smoke filled the train, and at s

i am mark crumpton. in moscow, they have slashed interest rates.ny has signaled it would not oppose an embargo on russian oil. last night, russian missiles killed journalists in their home just as -- was visiting the ukrainian capital. odesa was also hit. the battle for donbas remains the russian focus. and advances have been slow in the face of ukrainian resistance. there' is virtuals meeting between president biden and -- to discuss the efforts to stem the flow of migrants to the southern u.s. border. this is ahead of the administration's plane to let title 42 expire. the order allowed migrants to be quickly expelled without hearing asylum claims. a senior administration

bloomberg quicktake, powered by more than 2700 journalists and analysts in over 120 countries pre-i am mark crumpton. this is bloomberg. romaine: good afternoon from york, it is 6:00 p.m. in london and 1:00 a.m. in hong kong. i am matt miller. welcome to bloomberg markets. here are the top stories we are following for you around the world. after rejecting a seat on twitter's board, elon musk offered to buy the entire company for $43 billion. ambitions of taking the social network out of the public market. we are going to hear from the fed president john williams on the strong demand in the labor market. why a 50 basis point rate hike is a reasonable option, and the new york auto show makes its comeback this year. we will speak exclusively with dave gardner of american honda motor to discuss the hrv and the challenges facing the auto sector as a whole. let's take a quick check in the markets, and we have seen the s&p 500 come down this morning. it is afternoon now. it is off .7%. 4415 is that level basically. tech stocks are leading the way. nasdaq is trading just under 14,000. the 30 year yield righ

i am mark crumpton. this is bloomberg. ♪ >> 1:00 p.m. in new york. 1:00 a.m. hong kong.elcome to bloomberg markets. here are the top stories we are following from around the world. stocks erasing opening gains as selloffs and treasuries resumed. 11 basis points higher on the 10 year. all of the inflation debate rages on. has it piqued? the market does not think so. what do central banks do about it? we will find out as we bring you the latest on the imf spring meeting. christine lagarde and jerome powell set the stage in a few minutes. space x set to launch its startling about while here on earth, elon musk continuing his fight to take over twitter. this time actually finding financing. how does he make this work? we break it down. first, a quick check of the markets. stocks losing a lot of the opening momentum you had. s&p 500 down .5%. nasdaq underperforming. a lot of this has to do with the yield space. the 10 year yield seeing 10 basis points higher. it is all about the margin of the move when you talk about the yields, and the pain you are going to see in the stock