do i have a second. >> commissioner morgan: i second that. >> clerk: thank you, commissioner morgan. i'll move that. >> clerk: roll call vote. [roll call] >> clerk: the motion passes unanimously. item 5, chief of department's report. report from chief of department, jeanine nicholson. report from chief of department, jeanine nicholson. report on current issues, activities, and events within the department since the fire commission meeting on march 9, 2022, including budget, academies, special events, communications, and outreach to other government agencies, and the spubl. report from administration, deputy chief tom o'connor. report on the administrative divisions, fleet, and facility status and updates, finance, support services, and homeland security. >> thank you. i want to wish everyone a happy women's history month. i have attended several events since our last meeting. mayor breed's state of the city address, grand opening for station 35, women's history month city leaders photograph in the rotunda here in city hall, and i also participated in a special video with the warriors

commissioner morgan? i think you're muted if you're saying something, commissioner. >> commissioner morgan: yeah, i'd like to ask the chief how much -- how much salary is marley and sadie getting here? >> they're [indiscernible] and really nice vests. >> commissioner morgan: yeah, they're -- i seen them on t.v. they're adorable. i can't wait to meet them. >> commissioner covington: what, no dog biscuits? >> commissioner morgan: well, i'll bring something for them. >> commissioner nakajo: we'll see if that can be a line item in the budget. >> commissioner covington: mr. corso, please let us know. >> commissioner nakajo: commissioner cleaveland, commissioner covington? >> commissioner cleaveland: yeah, i have nothing. >> commissioner nakajo: commissioner covington? >> commissioner covington: yeah, just to follow up on the k9 members. the chief did give up one source of financial support. are there any other sources of financial support for the k9s? >> the nfrs are supporting the k9s for the next however man

i am morgan norwood, back to you. reggie: thank you so much, let's talk about it, i know i cannot stop thinking about it after i saw it. it made the rest of the show an afterthought, which is unfortunate to all of the winners. gloria rodriguez is in the newsroom to talk more about how viewers reacted. gloria: so many people talking about this this morning, the academy is reacting. the lapd saying it is aware of the incident and the person involved declined to file a police report. it happened after chris rock said this >> jada, i love you, gi jane can't wait to see it. gloria: smith walking on stage and taking a swing at rock, then shouting to leave jada pinkett smith alone, cussing him out. she suffers from a here condition, called alopecia. -- hair loss condition. it is unclear whether chris rock knew that or not. there were watch parties in the bay area last night, crowds like the one in larkspur gorton off. they were mixed reactions to this lack -- slap. a movie critic says she does not condone violence, but this

jp morgan, a person familiar, in the low hundreds. huge number in the boots to the ground move. and the other situation, 3000 staff. big retail operations in the country. manus: is it just the sheer fear of any risk of sanctions? it is easier, cleaner? >> certainly the cleaner way to go. that is what we are hearing. still very much more than a week into the situation, people not clear on what they can and cannot do. some of it is reputational, a lot of pressure on the likes of goldman and jp morgan to do something. you need to finance. a very tricky situation. dani: there's a question of how much financial sense it makes to be out there, how much money they will make if they are frozen. on the other hand, how much of their actual trading, bond holding is continuing in russia? >> it is completely frozen. probably will not mean any business right now, at least in the international sense. long-term, can you leave russia and never go back in if the situation changes. it is pretty understandable why they have moved out. manus: thank you ve

morgan norwood, abc news. latest information on the crisis as it happens, abc 7 bay area tv streaming app has all the network special reports as well as our local newscasts. dan: back home, rain is on the way. let's go to sandhya patel with what you can expect to see showers where you live. sandhya: as early as tomorrow morning, we are seeing signs of winter on live doppler 7. let me show you where the rain is now. it is run crescent city. you can see it is around the area. it is a light level one system. a pair of lows heading in our direction and that is what will start the change in our weather. it will be a dramatic change. tomorrow morning, north bay, san francisco starting to see some showers. 11, still scattered around. towards the evening, starting towards the coastline. scattered cold showers and blustery conditions, and possibly some snow over the higher peaks. coming up, i will be back with an hour by hour forecast. ama: a deadly incident in the east bay. a stolen van trying to outrun police caught

morgan norwood, abc news. ama: to get the latest information on the crisis as it happens, abc 7 bay area tv streaming app has all the network special reports as well as our local newscasts. dan: back home, rain is on the way. let's go to sandhya patel with what you can expect to see showers where you live. sandhya: as early as tomorrow morning, we are seeing signs of winter on live doppler 7. let me show you where the rain is now. it is run crescent city. you can see it is around the area. it is a light level one system. a pair of lows heading in our direction and that is what will start the change in our weather. it will be a dramatic change. tomorrow morning, north bay, san francisco starting to see some showers. 11, still scattered around. towards the evening, starting towards the coastline. scattered cold showers and blustery conditions, and possibly some snow over the higher peaks. coming up, i will be back with an hour by hour forecast. ama: a deadly incident in the east bay. a stolen van trying to outru

morgan: morgan norwood, abc news, los angeles.ueen of basketball, the documentary nominated for an oscar. we talked with the director of the film and the impact lisa harris made as a basketball star. here is a live look outside looking over the san francisco skyline. 5:38. ♪ ♪ whether someone is across the neighborhood, across the street, or across the room, you have the power to make them feel right at home. ♪ ♪ ritz. a taste of welcome. everyone remembers the moment they heard... “you have cancer.” how their world stopped and when they found a way to face it. for some, this is where their keytruda story begins. keytruda - a breakthrough immunotherapy that may treat certain cancers. one of those cancers is advanced nonsquamous, non-small cell lung cancer where keytruda is approved to be used with certain chemotherapies as your first treatment if you do not have an abnormal “egfr” or “alk” gene. keytruda helps your immune system fight cancer but can also cause your immune system to attack healthy parts of your body. this can happe

do i have a second. >> commissioner morgan: i second that. >> clerk: thank you, commissioner morgan. i'll move that. >> clerk: roll call vote. [roll call] >> clerk: the motion passes unanimously. item 5, chief of department's report. report from chief of department, jeanine nicholson. report from chief of department, jeanine nicholson. report on current issues, activities, and events within the department since the fire commission meeting on march 9, 2022, including budget, academies, special events, communications, and outreach to other government agencies, and the spubl. report from administration, deputy chief tom o'connor. report on the administrative divisions, fleet, and facility status and updates, finance, support services, and homeland security. >> thank you. i want to wish everyone a happy women's history month. i have attended several events since our last meeting. mayor breed's state of the city address, grand opening for station 35, women's history month city leaders photograph in the rotunda here in city hall, and i also participated in a special video with the warriors

morgan: morgan norwood, abc news, los angeles. "the queen of basketball," the documentary nominated for an oscar. we talk with the director of the film and the impact lisa harris made as a basketball star. here is a live look outside with the sun starting to come up. we will check in with lisa when we get did you know that renovating your kitchen and bathroom is one of the best ways to increase the value of your home? i'm mike holmes here with ivan from agm renovations america's kitchen and bathroom renovators thanks mike! we make kitchen and bathroom renovations easy for everyone. we quote and design each project and help customers select all finishes without having to leave their home! wow! agm are the only kitchen and bathroom renovations specialists i recommend. ♪ agmrenovations.com ♪ [announcer] call now and get $3,000 off! s in its first few days. liz: disney plus is getting a little cheaper. ad-subscription tier but it is unclear how much it will cost. this is part of disney's goal to reach an additional 230 million subscri

welcome to "squawk on the street" i'm carl quintanilla with david and morgan brennan.im cramer has the morning off day 12 of the russia invasion of ukraine. futures are off the morning lows as the german chancellor knocks down the possibility of a ban on russian energy and the market looks for some potential off ramps as a third round of talks begins in belarus. >>> oil pulled back, still near 13-year highs as the u.s. and european allies explore banning imports of russian oil. >>> plus, the russia exposure for so many u.s.-based companies trying to figure out what to do, including those that have a lot of differing units there, like mcdonald's, starbucks, yum and others facing those growing pressures to suspend operations. >>> and shares of bed, bath and beyond surging chewy founder ryan cohen taking a big stake in calling for changes. we're seeing a big move in that stock this morning carl >>> guys, we'll start with the markets and develops around russia and ukraine another weekend of very difficult headlines, david as far as energy goes, we did get to 130 we are exp

commissioner morgan? i think you're muted if you're saying something, commissioner. >> commissioner morgan: yeah, i'd like to ask the chief how much -- how much salary is marley and sadie getting here? >> they're [indiscernible] and really nice vests. >> commissioner morgan: yeah, they're -- i seen them on t.v. they're adorable. i can't wait to meet them. >> commissioner covington: what, no dog biscuits? >> commissioner morgan: well, i'll bring something for them. >> commissioner nakajo: we'll see if that can be a line item in the budget. >> commissioner covington: mr. corso, please let us know. >> commissioner nakajo: commissioner cleaveland, commissioner covington? >> commissioner cleaveland: yeah, i have nothing. >> commissioner nakajo: commissioner covington? >> commissioner covington: yeah, just to follow up on the k9 members. the chief did give up one source of financial support. are there any other sources of financial support for the k9s? >> the nfrs are supporting the k9s for the next however man

morgan: final preparations underway at dolby theater. not only is this a celebration of hollywood's biggest and brightest, but this year's ceremony marks the return to normalcy for hollywood and the film industry. the countdown to hollywood's biggest night is on. after three years without nmc, the 94th academy awards emerging with a trio of comedic powerhouses on a mission to roast and toast hollywood's brightest stars, wanda sykes, regina hall, and amy schumer. >> we are troublemakers. we are really having fun together and playing off each other. morgan: 10 thumbs are up for best picture, including king richard, west side story, and coda. >> ♪ sometimes i get a good feeling ♪ morgan: streaming movies going ahead to head with theater movies. >> that is diversity without anyone having to wag their finger at the academy and say you should look for best actress and reward a film that has a cast that's primarily deaf actors. they did it on their own. morgan: when it comes to best actors, a battle of hollywood heavyweights, will smith, denzel

jp morgan wealth management. quarter of a century. dodger dancing usf one of three beria team celebrating a trip to the n c double a tournament. um extremely excited for players, especially older guys. day after tipping his hand to sucker start christiano ronaldo. tom brady on retires. suddenly the books become one of the favorites to win the super bowl. a double dose of good news for warriors fans with big time reinforcements on the way. plus we'll introduce

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>> yes one, thanks for having me here today, morgan.t happened a year ago. when you look at the dollar, the amc yesterday, it was $47 million. so that's reasonably important but truly not significant. so you have some interest, but nowhere near the interest you had a year ago obviously, this was triggered somewhat by the announcement of getting into the gold mining business and myself as a person who ran operating companies for a long period of time, you always wanted to diversify. but you diversify where one plus one equals three so if you go from amc going to gold mining, that's not diversification of an operating company. that's more like a hedge fund, which makes multiple investments there. so i think that is probably also the reason you don't have the great demand you had a year ago. >> the fact that the s.e.c. is taking a closer look at short selling and disclosures around where hedge funds are concerned it's take a critical approach to protecting retail investors whether on this front, whether in terms of spacs as well. how do yo

, jp morgan realize this.d for me to distinguish. i would agree the credit has not hit bondholders accounts yet. i would assume jamie dimon when not have allowed this to go through without first talking to the u.s. treasury. i have to believe the money is on the line. lisa: damian sassower, thank you for taking the time. i want to bring breaking news. the federal reserve governor christopher waller is speaking on a competing network talking about how the fed should favor front running -- frontloading rate hikes 70 50 basis point hike at the next couple of meetings and would like the fed to be much closer to a neutral rate. you are seeing a big move on two year yields as they shoot higher in response, at one point at 9.5%. i wonder how much he represents the consensus? kailey: that is an interesting question and how much does he or does nike not run camp -- or does he not run counter to the opinions of chairman powell. the curve getting flatter. he is not talking about 150 basis point hike. he says they should

it's down 15% from its recent high jp morgan acts very differently in my opinion. precipitously after that q4 report i know investors were very about some of their expenses since then, the exposure internationally is one of the reasons weighing on this stock they get 23 or 24% of their sales from overseas where as wells fargo gets none. and that might be one of the reasons for the relative outperformance year to date at wells. but going back to the first discussion that we had about a yield curve inverting, about mortgage rates going higher, about rates going higher, wells is very exposed to u.s. consumer here so this one might look a little bit like a value trap. it's traded about 1.1 versus let's say jp and bank of america near 1.4 interest or something like that. to me, keep an eye on wells fargo. if it were to lose that relative outperformance, that might be telling you something about what's going on here in the u.s. as related to the consumer and maybe expectations for balance of the year. >> so this is really one of our favorite games that we play here on "f

morgan. soft natural. ah, we deal with felicia today. look at them o'clock. be sure. more do i need not serious discuss what is your last, why you shouldn't with this. we in the promise love that you soon you look at doing it. they miss phenomenal dulles agency. cereals utica got their chair. what did they do? you thought it might be up there bluff script of believe what, what they said, what was it that you get 3 or 3 to look are you? i'm almost sure. yeah. i'm with, i'm more in the was mr. some we must somebody who much a bunch of liberal as if you see it on the music. julius navarro defeated doria a good number to get caught up. martha. miss passers, ring year. drop off to his stomach. boom. yet annabelle upright become a dissimilar bull's getty, of sham shirley skim zulema morgan their course gift. honestly, morgan disco christie? is this a bull? imagine the resolution of my dealer. she thought that he says that the rock, sheila redo them, could wasn't a see at the door. they didn't see me. what dr. what lay it doesn't look good to see this is can she knew it was

tlart is the what we're expecting to happen tomorrow morning, morgan. the president of the european commission ursula vonderline set to me the president biden tomorrow any potential lng announcement would come in the wake of that meeting. for her part she wants the u.s. to commit to shoring up europe's natural gas supply for the next two winters. of course, europe had been getting majority of its gas from russia as they try to build up their storage supply they need russian gas to fill up some of those reserves unclear what to happen over the course of these two winters if they not have that morgan >> kayla tausche, thank you. >>> my next guest says the nato summit is a great show of unity. don't expect break threws for peace in ukraine bring in professor of international fairs and the great-granddaughter of former soviet premier nikita khrushchev brate to have you on, back on, i should say given the fact you know these countries deep as you do and history that goes back many centuries, anything here today in terms of these meetings between world leader

morgan that tech biotech stocks and em could be near an end.e sell pressure and the rally in the past week fizzle out and the china golden dragon index fell more than 4%. when it came to wtr, we saw a lift above the $100 per barrel level. we had a little bit of doubt over the progress between the russia ukraine talks. our focus was in the treasury space because look at this we saw the 10 year yield continued to fall toward 2.17 level. suffice it to say we saw a receipt -- steepening of the yield curve. this after fireworks overnight. we saw a gap fall to the lowest since 2007 and also when it came to the five tens to the lowest since 2020. what have been supporting the markets today was news that we had seen according to bloomberg reports that j.p. morgan managed to process a russia bond payment , the funds went through and that was sent to city. the caveat is that european bondholders have yet to see the funds. suffice it to say this gave optimism that the technical default could be off the table. we are still watching what it means for the ru

jp morgan calls the internet group on investable. we will explain why we will speak with sean boyd, the executive chair of eco-minds about whether they are expecting further drops for the precious metal. jon: matt, let's get back to the story of the averages. the canadian market, which has benefited, has run out, and we will talk more about that in a second, but matt talked about the weakness with chinese related stocks tied to the uncertainty out of china right now, so that has been felt in the technology sector. outside of financials, you have not seen a lot of conviction buying out there, and then we come back to that story of commodities and that price of oil, which we just talked about. we have watched such wild action on a daily basis. there is a look at the one-month chart for wti. we saw that surged toward 125, and here we are making our way back toward 100 right now. i had a conversation with rebecca babbitt, a veteran energy trader, who tried to quantify how much of the moves we are seeing each daegis tied up in political r

lawrence: morgan sorry to interrupt you. to get to that i'm sorry to interrupt but i have to get an answer to this. it seems like administration so far has been so reactive, i mean, we're getting to talk about this later on in the show that we knew they were going invade they told chyna told them to do it after olympics so why not do this before? >> because we have continued this administration has continued to pursue a series of half measures hoping that if we don't irritate russians too much maybe they won't go further now that strategy hasn't proven out again i also think it is far more sinister i think they want to be back in the iran deal more than they actually tpght to counter russia in ukraine under this new jcpoa iranians can potentially do things like give russia 500 million dollars they owe them and continue do that because of trump sanctions on them so russians may get $500 million from iran and also iranians able to buy conventional weapons and advance weaponry, from the russians. it is a joke if anyone thinks t

abel: the julie morgan ballroom -- >> the julie morgan ballroom -- jillian morgan ballroom.icensed architect in the state of california. it is a beautiful piece. she is -- she was an architect in the state of california. it is a beautiful piece. kristen: i went to uc berkeley, so i know there are buildings she design there. i know the julian morgan ballroom is gorgeous and worth a visit. do you need to wait until there is a specific event? >> i believe you do need to wait for an event, but outside the ballroom, there is beautiful architecture, and gobert's. i went to uc berkeley as well. -- and go bears. i went to uc berkeley as well. kristen: all right. the next stop we need to talk about is a monument to the comfort women of world war ii, right? >> yes, it is in saint mary's square, and was built to honor the women who were basically held captive in japanese brothels. it does feature statues of asian women to pay honor to those who had an extremely difficult time during world war ii. kristen: it was in the news certainly was that monument happen, and it does commemorate a

jp morgan clients will not be able to buy or redeem shares in the jp morgan emerging europe equity fundrussian fund. they are suspending trading in eastern european funds. lion trust asset management is also holding withdrawals and purchases of russian funds until further notice. singapore's biggest banks are said to have restricted trade financing for russian raw materials. sources tell us dbs, oocbc have stopped issuing letters of credit involving energy deals over sanctions. the decision follows a similar move by at least two of china's largest estate owned banks and lenders in europe. let's do a check on the russia focused etf in japan. pretty much the only etf, and seen as a proxy in asia. it has been collapsing and it continues to do so today. take a look at that etf, currently trading in the negative. of course in the broader market we are seeing risk appetite coming through. the nikkei to 25 up by 1.6%. it is perhaps a buy the dip story. still to come, we will hear from ubs global wealth management executive director wayne gordon on how high he has upgraded his gold forecast aft

we are told jp morgan received approval.sts say it could take a technical default off the table for russia, the questions remain. president biden and she -- and xi are set to hold their first call since friday and there are concerns beijing could help moscow evade sanctions or even provide weapons to also discuss competition between china and the u.s. the bank of england has tempered itself or further rate hikes after lifting its rate hike for the. the hike was backed by eight of nine policymakers. governor bailey soften his wording on more hikes. the boe is the first major central bank to bring rates back to pre-pandemic levels. taiwan's central bank has raised its key interest rate by the most since 2007, lifting it 25 basis points to contain rising inflation. this is taiwan's first rate hike since 2011 and the first time it has changed rates since early 2020 when it made a cut at the start of the pandemic. meanwhile, indonesia's central bank held its rate as expected, keeping it at a record low. rishaad: the type and look

russia payment on a dollar bond out eight years processed by jp morgan. i guess we assumed it was processed eight u.s. dollars. lisa: we do not want to make assumption. that has been the big question. it was a for hundreds 40 -- it was a 447 million dollar coupon payment that was due. certain bondholders have received payments for other coupons that were due. what is interesting to me is this week's call by russia that they would offer to buy back some of their dollar-denominated debt in rubles. how they try to play with this without defaulting? tom: we now turn to maria tadeo. it is 50 degrees in the rain in an election driven budapest. snow scheduled for the sunday election. his the nation gripped by this election given war on 80 mile border four hours east of budapest? maria: it has been overshadowed by the war. at the start of this campaign victor or bond -- victor orban wanted to make this about the issues he liked, family values, traditional family values. that had shifted to ukraine. the way this election is now being framed is this is war or you v

morgan hasn't been the same or hasn't been itself since it reported earnings, right? that was the first and the worst and the stock has not been the same, dr. j, ever since. i'm wondering if there's a broader message in what's happening within the bank stocks as to the kind of question we would once ask about tech in terms of the larger picture. if the banks can't stabilize to some degree, can the overall market find its own stability? >> well, and my answer, scott is it can and it has in the past. i don't know if banks go a lot further, but we've had massive tlt buying as you know, it's the 20-year bond and it's the etf for the 20-year bond and buying of that etf means that you bet that interest rates are going down. there have been leveraged bets for the last ten days and getting bigger every day so to goldman sachs or anybody else that sees seven rate hikes this year, not happening they added to it, scott, and they added 2023 for the eighth rate hike. not happening. none of those kinds of things are happening in the face of what we're all talking about right now. s

check out morgan hill where it is just lit up on storm ranger. you're going to have a very slow morning commute heading up highway 101. we're watching that, as well as conditions around the bay area for your morning drive. really starting to see things slowing down as we go through highway 4, heading westbound through pittsburg where the backup is really backing up. we'll get a look at the conditions around the bay area in a few minutes. >> good morning. happy monday to you. shares in apple will likely move lower this morning after reports the company is going to slow down production of the lower cost iphone se, because it doesn't seem like there's the demand that apple expected. apple only launched the new phone a few weeks ago, but has decided to manufacture millions fewer of them than planned. this according to a japanese newspaper. tesla will pause production of its cars in china as it shuts down production again as part of china's huge covid lockdown in shanghai. city government there said on sunday all firms and factories will suspend manuf

>> commissioner morgan: yeah. i hope we made a dent in it. i'm a proponent of the training facility. i'm sure it's in an area that needs some -- you know, more infrastructure like that for training and opportunities for some of the young kids in there just to know that it's right around the corner. and it'll create construction jobs, good union jobs for local hire, supplement our apprenticeship program, and put people to work, so i'm call for that, growing the fire department, and i hope, you know, we made some kind of impact on that. it was a pleasure to do it, and i think that the chief was doing a great job, and that's all i've got to say. >> commissioner nakajo: thank you, commissioner morgan. i think it was the influence of trying to recruit members of th

morgan: nominees include will smith for best actor.nd deaf actor has been nominated for coda. another who stars in the film was the first. >> i am honored to be here and recognized as a nominee. morgan: as for best actress -- >> is the most wide-open category of the night. you have two non-winners, jessica chastain on her third nomination, she has never won. and kristen stewart, who plays princess diana, both are competitive. morgan: live performances are making a comeback to the oscar stage. producers are promising they are going to be bigger than ever. billie eilish, beyoncÉ -- i am personally really excited about that. reba mcentire. a performer for whatever your taste is, we are looking forward to it. you can catch it here on abc. liz: you are looking gorgeous, can't wait to see all the fashion on the red carpet. we are hours away, take us behind the scenes. what are some last-minute preparations? morgan: within the last i would say 20 to 45 minutes, it has gotten really busy. crews have come men, they are shining and making sure e

>> yes, i second that, commissioner morgan. >> thank you, commissioner morgan. >> and moved and seconded. and president fine sign, how do you vote? >> to adopt. >> vice president? >> to adopt. >> the special meeting of february 22, 2022, meeting minutes have been adopted by unanimous vote. and the minutes from the regular meeting on february 23, 2022. >> do we have any public comment on that item? >> i see no hands raised. >> all right. public comment will be closed and any questions, comments from my fellow commissioners? >> all right. seeing none, am i missing something? all right. >> i will move the item. >> thank you, commissioner covington. >> is there a second? >> yes, i second that, commissioner morgan. >> thank you, commissioner morgan. it's been moved and seconded. >> president feinstein, how do you vote? >> i vote to abstain as i was excused from that meeting. i don't think it's appropriate for me to vote on the minutes. >> vice president nakago, how do you vote? >> i vote to approve and adopt. >> the motion passes unanimously. >> item five, chief of d

morgan downgrading 28 stocks traded in the u.s.g kong saying they're uninvestable on a six to 1-month basis. of course, we have the general weak backdrop for equity markets. so all of these factors are coming together to weigh on the chinese equities, especially the tech stocks. yeah, they are going in quite a weakened position. haidi: could all of those considerations offer some relief? >> yeah, look, we are seeing at the margins some investors, i guess dipping their toes in the water and on the fringes of that, some of them taking opportunity to come in as you said evaluations in a decade low and markets down 75% from their peaks, we need to see more than that. we need to see some positive news on the war. obviously there are still questions about china's position on the ukraine war. investors want to see a better vaccine to tackle this renewed outbreak as well as buyback in some private deals that could underpin, could underpin some of these companies. and also, look, there are expectations of some easing of monitor tray policy

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exxonmobil, conocophillips, jp morgan, and bank of america.e u.k., prime minister boris johnson turning to the nuclear and wind sectors to try to boost the country's industry -- the country's energy lisa: -- energy. there has been a board checkup at credit suisse. the vice-chairman is stepping down from his role, along with other members of the board. credit suisse is reeling from a series of scandals earlier this year. the chairman was ousted after just nine months on the job. global news 24 hours a day, on air and on bloomberg quicktake, powered by more than 2700 journalists and analysts in more than 120 countries. i'm ritika gupta. this is bloomberg. ♪ >> any threat of the use of a nuclear weapon, any rhetoric regarding a nuclear weapon is very dangerous, so i remain confident in our ability to defend ourselves and our capabilities, but i don't think that kind of conversation, that kind of rhetoric is helpful. jonathan: lloyd austin, the defense secretary, on cbs over the weekend. futures unchanged on the s&p end on the nasdaq. year-to-year

hi, kayla. >> reporter: hi, morgan. president biden rearranging the schedule slightly running a bit behind and moving the press conference on the way and took a moment to tout the deliverables that allies announced so far a billion dollars in new aid from the u.s a coordinated sanctions to ban russian central bank from transact in gold and prop up the euro additional sanctions from the u.s. on russia's law-making body and several elites in russia to align with what europe is doing. president biden earlier said the response by nato has been the opposite of what vladimir putin thought he would get. >> putin was banking on nato being split. my conversations in december and january clear to me he didn't think we could sustain this cohesion nato has never, never been more united than it is today. putin is getting exactly the opposite what he intended to have as a consequence of going into ukraine >> reporter: president biden said that allies are also willing to sustain the bruising sanctions that they have implemented so far

dublin and morgan hill in the 30s to start. jose 41 and salta rosa 47, and the frostrizery will remain in place through tomorrow morning. gusty winds continue, especially for the hills. this is going to be in place when it comes to the wind advisory until 10:00 a.m. today. we're talking gusts upwards 565-plus. things should calm down this evening. full forecast in just a few minutes. >> thanks, vianey. >> now to the latest overnight. developing on russia's attack on ukraine. want to give you a live look at kyiv. this is where parts of the humanitarian corridors have been closed again cutting off safety routes for ukranians who are just trying to escape the violence. >> at this hour vice president kamala harris is in poland talking with leaders about the crisis and she says the u.s. is committed to nato and defending its member. >> this is a moment that requires severe and swift consequence for russia's aggression against ukraine. >> her comments come after the biden administration rejected a plan from poland to provide fighter

morgan: hey, good morning. that is right. and the glamour returning to hollywood, the red carpet is ready to showcase at all. the final set up is underway at the dolby theater with just hours until hollywood's biggest night. after three years with no mc, it is triple the hosts for this years academy awards. amy schumer, wanda sykes and regina hall. >> it is a treat, i love amy and wanda. morgan: with will packer at the helm, producers striving to keep the program moving swiftly. it comes at the cost of eight categories that will not be announced in the live broadcast. >> this has not been well received from artisans that work in the industry, feel like they are getting shortchanged. however, will packer, abc entity academy have ensured they will have their moment. -- and the academy have ensured they will have their moment. morgan: nominees include will smith for best actor. the second death actor has been nominated -- deaf actor has been nominated for coda. >> i am honored to be here and recognized as a nominee. morgan: as f

morgan made today.hey lowered their estimates on ford and gm though lowered commodities and reimbursement of supplier cause and on both ford and general motors and they cut the price target of ford and no big whoop. on general motors they cut it by five bucks to 75 from 80 josh, you first. we know john owns the stock. >> this is down from the lie i don't know what they think has been priced in, if not what they're saying today none of this is a secret and the whole world understands that the cost structure has gone up and that's been more than discounted into the share price in just the last three months. i'm assuming jim agrees maybe. >> i know jim will be positive and i'll tell you the 55 reasons as to why you should own general motors ja jason snipe, you own these, why? >> obviously that was on the play of everything had been shut down actually, two summers ago when everything was shut down and everyone was working on their cars generally speaking i can have the input costs and the intimate parts tha

francine: in terms of the second round effects, fortress diamond, jp morgan, will they be able to dealif something ugly happens to gazprom? some of the smaller european banks are more vulnerable. when do we find out? and is it the swiss banks or the italian banks? davide: the italian banks -- unicredit has a domestic operation. they borrow 100 ruble domestically. they are insulated. it leads to mainly european carpets and russia. -- in russia. the credit risk remains european. socgen the same. they are in my view, taking care. they are more exposed with loans. francine: has it changed the way how you want to invest in european banks because of the third round effects? or are you still fully committed to some of the share prices that are below their u.s. counterparts? davide: actually, no, in my experience, particularly the 1998 russian prices and having lived through the emerging market crisis, i think this is a great time to buy in on the stocks. the opportunities are unique. and here as i said the market has priced three or four times the worst case 1998 scenario which is full integr

morgan is very good.d would be my favorite in the airline business actually jeff marks and i were debating putting coca-cola in a portfolio of the charitable trust. it's being very well run that's a nice portfolio. why don't we go to zach in my home state of pennsylvania zach >> hey, jim, big boo-yah from eagle's nation, zach in pennsylvania i want to know if i'm diversified, the top five holdings are microsoft, home depot, duke energy, waste management and visa. thank you so much for everything as you do, go birds. jim, am i diversified? >> go birds? i think about waste management, move to the 150, 118, like that. duke energies a quality utility companies, it's co-reliant visa, i got to tell you, visa and mastercard are two unbelievably great stocks. home depot, i'm not worried about the stocks coming down it is planting season. microsoft, in this last decline, we bought more for to the charitable forecast. we have very much, you can call it zrishlgs you have a great financial, great utility, terrific re

jp morgan wealth management.aria: welcome back russia moving further into ukraine hammering key cities, taking control of acute nuclear power plant. the president of ukraine zelensky speaking candidly to the press as a civilian death toll climbs. >> i went to thank the countries that are helping us we are thankful pretty but it is too late. now i hope the sky will be shut down. if you don't have the courage to do that, then give me the plaintiff. >> of president biden yes or day before yesterday i don't remember. we had good. it began after the beginning of this war. >> a bipartisan pressure growing not within the united states the administration to stop funding putin by buying russian oil imports for the white house moves closer to a nuclear deal with iran there are concerns now that we could look to iran to fill the oil cap per here to discuss sales for the congressman member of the house foreign affairs committee and eight decorated army veteran auditor with the bronze star and purple heart medal, we think you

be a factor at least for the first half of the day of the right now, look at dublin, 39 degrees, morgan hill 39 and san jose 42. santa rosa 48 and that frost advisory is in effect with a highlighted areas in blue that you see there, so that includes santa rosa, san raphael, nap ark and parts of the south bay including morgan hill in the 30s so take a look at the winds. we'll continue to see the gusty winds at least for the first half of the day but by this evening into friday morning you can see that significantly decreases becoming less gusty and windy. we'll talk more about the extended weekend in a few minutes and first let's check in with traffic with mike. >> roads are so quiet that some folks are putting out the mattress out here. watch out for crews that will clear this hopefully very quickly coming through byron, a smooth dry and towards 580, 17, 18 minutes, a slight brake tap northwest of 580. we're watching for crews off the shoulder there. no lanes blocked and no problems going westbound for your commute directions there or around the rest of the bay. a smooth drive right now

carl. >> morgan, turning back to the broader marks.nd the fed will take quote necessary time to address the issue >> eye have the right prompter hey, carl, fed chair j. powell putting marks on notice, the likelihood of faster rate hikes from the central banks that go as far as needed to fight inflation. even to the point they rise above neutral rates, that could mean a 50 rate hike that rises above 2.5%. >> if we conclude it was appropriate to move more aggressively by raising the fund rate we will do so. and if we determine that we need to tighten beyond common measures of neutral into a more restrictive stance, we will do that as well >> fed chair spoke, market heard him. the fed share heard him more definitively before the meeting, you can see there, the probability of a 50 point rate hike was just ability 9% after the meeting it set himmed back at 36%. then shares of 68% 50 now the likely call it could be more, goldman sachs out with a note, checking by 50 at the next two meetings going to three and three and a quarter. that's more

morgan which announced a similar decision.d is not just onshore russian operations were talking about. if you read the goldman sachs statement, it does imply they're trying to wind down various market contracts tied to russian entities. it does have credit exposure that amounts to almost a billion dollars. the fact that it is blinding that down indicates the seriousness with which they are looking at it. shery: when nursing perhaps russia devised -- devising plans for the exodus. nick: obviously finances not the first thing that is looking to get -- looking to get out of russia. other industries planning similar moves, whether it's mcdonald's or victorious secret, -- victoria's secret. that's why you seen announcement coming out of russia where they look at ways to nationalize these industries and looking to get them operational again so that the people who are out of work will still have something to do. but it's just another sign of mounting distress in the country when they have to resort to these options. shery: we have se