remember, morgan stanley had a key role, but also that morgan stanley commands more than a fifth of therading market overall. this is a business that has become very commonplace but as a gentle business. a lot of private trades that are made aftermarket and now it is committed occasions between the firms and the bankers that are being reviewed by authorities. also important to say nobody has been accused of any wrongdoing yet. matt: one employee has been put on leave. are they just looking at the structure of block trades on wall street, which they probably should have been looking at for the past four decades or are they looking at specific problematic trades? sonali: they are looking at a few things. there are firms embroiled in these investigations themselves, and the communications with hedge funds. that is an important thing to keep because in the last couple of years, what you have seen happen is the hedge funds themselves set up equity capital market debt. this is a trading strategy. you have to look at morgan stanley, and -- who was part of the block trading business at morgan s

and what is morgan stanley -- what does morgan stanley say? >> apparently there is a term in the market for when the share prices fall before you make a big block trade. the morgan stanley fade, which to me was fascinating. what that does imply is there has been some kind of trading before the block trade, information has leaked. that gives a sense of why investigators are looking at that. on the culture thing, i guess it is another blow for wall street reputation in the wider economy. manus: absolutely. it goes back to the investigations in libor etc. and how we communicate with one another in the marketplace. thank you. let's get to juliette saly, she has your first word news. >> alianza taking a charge -- allianz taking a charge and connection to the hedge fund that collapsed the start of the pandemic. europe's largest insurer expects to settle with investors in an awful fund. more expenses are coming from lawsuits and regulatory probes. the u.s. has added chinese messaging platform we chat and online marketplace alley express to its list o

this is because they were later to unwind these losses that came first at morgan stanley.rces have told bloomberg that credit suisse representatives last week held a presentation at the southern district of the u.s. attorney's office. when you are involved in an investigation, everyone tends to give over information. the information being given to authorities is a little bit above and beyond their routine cooperation you would see from the banks. it makes sense in terms of credit suisse's attempt to recoup their losses. greg: how does this filter through the industry, what is the reaction? sonali: a big reaction. the question was how credit suisse would respond to what happened. not only did they suffer those losses, stocks took a massive hit, executives loss of jobs. when people look at this incident, they think about those specific trays themselves, what happened when it came to viacom, gsx, but also how the banks handled those instances. the bank at the time held emergency talks before the unraveling of a lot of these traits. other investigations going on at the same ti

morgan stanley shares down 2% in the post-market. goldman sachs also lower. dow jones stories as the sec sent subpoenas to morgan stanley and goldman sachs, as well as several hedge funds asking for trading records and information about the investors communications with bankers. this is according to people familiar with the situation. caroline: the key issue is, have they, what they, have improperly tipped the hedge fund clients off in advance of these larger sale -- larger share sales? all of this is currently being reported by the wall street journal. taylor: not lost on us that today, we have talked about are triple take, as we -- as it relates to hedge funds, and who has been focused on tag, who has been getting more defensive within the energy. you rightfully point out that was fourth-quarter. through the middle of february, it is always notable to see who is buying what. romaine: you can see on the screen here, i think it is interesting the individual names. using technology at the bottom. i thought in terms of market value chains for hedge funds, you s

i love what you said about pretty good growth, is what morgan stanley sees. to me it is the great growth gas of 2022 -- growth guess of 2022. what is the market price for, tepid growth, morgan stanley growth, or poignant growth? andrew: i think this is fascinating because i think it depends on what market you are looking at. if you look at the copper price, it looks like the market is expect in very good growth. if you look at the completely flat u.k. twos-tens curve or the inverted u.s. twos-tens curve when you're forward, it seems like the market is very skeptical that growth can hold up to interest rate hikes. so i think on a process that pays us -- cross asset basis, there's a difference depending where you look. we think the market can price any higher interest rate that central banks will be able to hike further before the cycle ultimately ends. this is also a case where we think the oil price can rise further to price and more growth optimism, and on the equity side, i think you want to be expressing those cyclical exposures outside of the u.s., in eur

i think morgan stanley is very cheap.things? does it fit my depiction of dupont which makes things, has stuff, returns money well, i don't know i think people think it's too e th ethereal if you're selling a stock that thinking that's part of the culture, you're dead wrong buy morgan stanley >> maybe wells fargo -- >> the biggest name in my fund. >> when was the point at which suddenly everybody -- >> when the toughest guy on earth became the ceo. >> except -- >> took a while. 2020 february 2020 he comes in. >> it took a while. >> he had to fire everyone do you know what it's like to fire everyone? >> no, i don't even the board members had to go everyone had to go the tellers were -- i know they're being replaced charlie, when i first met charlie, stuck his hand out and said i don't know -- good to see you. he goes into wells fargo and every single person had to be replaced all of his reports but he's done. now he's starting to grow the business they're going to remove those fed caps which members started this week. 2018,

we are morgan stanley.ily chattering) - [announcer] meat-itation, a sense of calm that comes from being transported to your umami place. on time, lowest price, or we'll make it right. grubhub. ♪ chicka-chicka analyst. it's great to have you with us we've been talking about degradation of demand coming out of covid for a while how dire does it look for you? >> you know, we have a small window into their peloton digital app, and this is one window into consumer engagement we look at and we just looked at some recent data in the u.s., uk, canada and germany the latest data adoption levels dipped further in terms of share of downloads declining more than 200 basis points which is worst than december. peloton views its app growing faster than ore channels so this is just another window into engagement with a platform that we have and it doesn't sort of look great. >> right i assume it's a function of gym's reopening. mask mandates going by the wayside starting today announcements from the likes of new jersey and

seth carpenter of morgan stanley.eems to be frontloaded, whether it is 50 or march or 25, frontloading the hikes seems to be the consensus. gina: very consistent with a cash up ideology. frontload to catch up. the assumption is if you frontload you may have an impact on growth but we do not know. this has been a very different cycle, making these presumptions at a modest increase in interest rates at this stage will have an impact on both is a pretty big presumption considering how fast and robust this growth recovery has been. jonathan: equities in positive territory on the s&p, on the nasdaq as two year yields back away. gina: somebody told you this is a buyable opportunity. jonathan: i think her name was gina. [laughter] jonathan: are you confident this sticks? gina: i think it will be a rocky day but the movement yesterday was fairly anomalous. tom: gina, it is tv, we just note want to know what you think to get the 4:00. that is long term. gina: there you go. i think you buy at the open. tom: jonathan, you will d

economist at morgan stanley, joins us. anyone knows what we will see at 8:30. talk about your important research note a number of weeks ago you said inflation and the ebbing of inflation is critical. do you still stand by that call that we will see inflation ebb? can you do that with $93 oil? ellen: absolutely. if we are talking about core inflation here, what we are looking for is not just for inflation to stop moving higher, which we are not at the peak yet, but when we start to get the february data in march, that we would start to come off that peak. one reason why we have gotten more and more confident in the forecast that that will turn later this quarter is that we can see that the inventory building is going on. it is a slow process and it is not super broad-based, but it is going on. companies are telling us they are able to build inventories. companies are telling us some of those cost pressures are starting to ebb. that does not mean costs are not still rising, but that they are rising at a slower pace. that is really what you look for in the inflati

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a limited impact, a polar vortex says morgan stanley. this is the risk of a potential war, arises and energy prices would destroy demand and in our view and perhaps hit several economies into outright recession. polar vortex is the word. manus: indeed. let's get into these markets. let me show you cross asset allocation. it is about commodities, about oil, and the movement. we are going to kick it off with the equities story first of all. . dani: let me take you to the european equities which fared far worse than the u.s. yesterday. it is all about geopolitical risk. down about 0.4%, just want to point out tech is doing better. flat against a down market. are we back into this environment where you flee to the safety of tech and selloff for more risky value shares again if you are concerned about geopolitical risks? manus: there is movement to grapple with. chinese authorities are trying to grapple with price rising, change the narrative, change the agenda. it collapses in singapore. the clean hedge in the event of conflict at an eight m

how will this report change morgan stanley allocation? lisa: i don't think we are going to react to this report at all. i think we are really looking to see what the market does. one of the things that has an very impressive to us is that market measures of inflation expectations have not moved. in fact, if you look at 10 year breakevens, they have been extraordinarily stable, somewhere between 2.45 percent and 2.55% for the last year. the fives, the five year breakevens, r may be up to 2.85%. to echo rebecca patterson, that may be nowhere near where we really are over the next couple of years, which is a lot closer to 3% to 5% then we are necessarily to 2%. so the fed may be acting now, and global central banks may be reacting, but the markets are giving them credit for success and saying that expectations out the curve will squash inflation. jonathan: you have your doubts. how are you playing that the moment? lisa: from a portfolio perspective, we have been talking about inflation protection for quite a while. obviously part of that cal

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at morgan stanley, a global collective of thought leaders offers investors a broader view. ♪♪ we seeom line by putting people first. we see a bright future, still hungry for the ingenuity of those ready for the next challenge. today, we are translating decades of experience into strategies for the road ahead. we are morgan stanley. >>> call it a tuesday turn around stock futures surging as wall street looks to snap a three-session losing streak. this hour, chancellor scholz is having a face-to-face with vladimir putin >>> and flexing its pricing power after seeing big gains it is february 15th, 2022. you are watching "worldwide exchange" on cnbc. >>> welcome back i'm courtney reagan in for brian sullivan let's get a look at the stocks checking on the dow futures, take a look as you get started we're up 280 points. take a look at this. you can see right about here is where we got this news higher this is just where we are sitting off the session highs. when we got the news of the troops moving to deployment bases on the ukraine and russia border which perhaps is a deescalation of the

we are joined now by graham secker, chief european equity strategist at morgan stanley. you for joining us. you are joining us on the day when this market is getting punched around from russia headline to russia headline, now heading to losses in both u.s. and european stocks. how much is your outlook on this european equity market and punched around by the latest headlines? graham: it creates near-term uncertainty broadly around equity risk premia and valuation, but for us at this stage, we are not really thinking of changing our fundamental outlook. the economic and barman we are seeing right now is actually quite good. what we are seeing coming out of europe is very encouraging data around the pmi's, other business surveys as well, so this is definitely a period of high short-term uncertainty which can weigh on equities, but it is too soon to say it is going to have a meaningful detrimental impact if we can about the earnings outlook for european companies as we look forward over the next two quarters. graham: the eurozone -- kailey: the euro is already experiencing a

coming up, morgan stanley shares dropping. there's a bloomberg scoop now on the terminal.on the bank's involvement in the archegos blowup and big block trades that were part of the unwind, and how the regulators are now looking at that. from kailey and from me, this is bloomberg. ♪ ♪ kailey: it turns out morgan stanley's role in the unraveling of bill hwang's family office breathes new life into an investigation. the probe is examining irregularities in wall street's lucrative market for block trades. sri natarajan joins us. congratulations on the scoop. what do we need to know about the investigation and how it has involved since archegos? sri: it is something that a lot of traders and wall street is paying attention to. when banks have to privately negotiate and sell large blocks of stock with prominent hedge fund clients, about $70 billion of block trades last year. we have become aware that the doj and the sec are looking into the kinds of consolidations that he place in this area. they are trying to figure out if the banks have been leaking information, and if some of

[ding] e*trade now from morgan stanley.isher investments is different than other money managers. (other money manager) different how? don't you just ride the wave? (judith) no - we actively manage client portfolios based on our forward-looking views of the market. (other money manager) but you still sell investments that generate high commissions, right? (judith) no, we don't sell commission products. we're a fiduciary, obligated to act in our client's best interest. (other money manager) so when do you make more money? only when your clients make more money? (judith) yep, we do better when our clients do better. at fisher investments we're clearly different. >>> it's been one of those weeks. the market saw the worst daily decline of the year yesterday but we found bright spots. who better than dom chu to tell us about it. >> because we're not all about fear, uncertainty and doubt around here. even though we know a lot of people care when things go down, we decided to look at bright spots because over the course of the past

mufg leading the way, profit topping expectations boosted by's partnership with morgan stanley.ng in a finance reporter. strong set of numbers for those big banks. we are seeing shares decline to the market see something there it did not lie? -- like? reporter: these banks of run-up in the lead to the result. i tickets more about figuring out where valuation is heading next. as interest rates rise around the world, that should provide a boost. the global economy is pushing on from the worst of the pandemic. could numbers for most of these banks. led by mitsubishi financial group, and looking at success in this quarter, we are going back to 2008 when mufg invested $9 billion in morgan stanley during the global financial crisis. that stake has really paid off massive dividends, and the holding contributed to about 30% of the total net profit this quarter. shery: what are we expecting in terms of stock performance given this rotation into value? reporter: as i said, but we are seeing is these banks have run up heart ahead of earnings. it is becoming harder to find financial stocks

mike wilson of morgan stanley, thank you very much.s is bloomberg. ♪ ritika: it is time for the bloomberg business flash. i'm ritika gupta. twitter sales rose 22% in the fourth quarter. the social network's ad business held up despite changes to apple's data collection rules that hurt rivals. a sign that coca-cola is benefiting from a return to normalcy, despite the lingering pandemic. the beverage giant posted sales that beat estimates. inflated commodity costs expected to continue this year. spacex has lost dozens of satellites to a geo matting the -- to a geomagnetic storm. spacex says he satellites will either reenter the atmosphere or are on track to do so, burning up in the process. that is your latest business flash. guy: thank you very much, indeed. this is going to be good news for nasa. i think nasa is a little bit worried that elon musk is putting may be too many satellites into space. apparent we are not going to be moved to see -- going to be able to see rogue asteroids coming towards us as a result of this crowded low orb

let's take a look at goldman and morgan stanley during the legal spotlight this week.n stanley is among companies set to be under scrutiny by the securities and exchange commission or the sec, as well as the justice department, and regard to the execution of block trade. goldman sachs bankers set to testify as the u.s. trial on the 1mdb scandal gets underway. let's get to su keenan. she joins us now with a look. first of all, sue, let's start with this probe into block trade. what is this all about exactly? su keenan: we did see morgan stanley stop drop after hours by about a percent. s.e.c. in a lateral justice department probe, now taking place in the business of block trades, which are mainly done by investment banks. here is what bloomberg has learned. this is part of a long-standing probe, dating back to 2018, at least on the part of the sec. authorities want to know how wall street firms, including morgan stanley, handle block trades, large enough to move the markets. now that is the key. they want to know their interaction with outside parties. goldman sachs, mo

the stock was reiterated overweight at morgan stanley on its new partnership with the nfl.o it is our call of the day shares of roblox up about 3.5% bryn, you own it is this a name that you want to stick with is this more of a long term play and less of a trade? talk us through. this is a big metaverse play how are you thinking through ownership of this name >> so dave azuki who founded the company, this is an old company ipo, and it's a new publicly traded dump and when facebook renamed their name to metaverse, this company definitely had a halo effect to that and you saw it raise up into that, but this is a real company. facebook has no products around the metaverse. roblox last quarter, their revenues from q3 sp'21 to q3202, they had 11 billion hours spent and what i think is very interesting is that this is a really sticky platform where they allow outside developers which they pay to create content for the users, and so what's interesting is that you saw the nfl sign a partnership with them sony recently filed a partnership with them, warner brothers also has a new par

we are morgan stanley. esg is responsible investing.to your investments? at pgim, the pursuit is on for outperformance. as active investors, to outdeliver with customized strategies, integrating esg best practices into our investment decisions. as asset managers and fiduciaries, to outserve, with our commitment to better esg outcomes. join the pursuit of outperformance at pgim. the investment management business of prudential. >>> another reminder, the halftime report is live from sofi stadium this friday ahead of the big game. the ceo of double line capital will be with us. al michaels is calling the game. and he's going to be with us as well we cannot wait for that and hope you'll join us, 12:00 noon eastern. stephanie, you're first. >>> stanley blacken decker was downgraded yesterday i disagree i think a lot of the bad news is already in the stock i like the renovation and restoration cycle. 13 times earnings. >> i thought of you when i saw that i'm glad you addressed it today. jason. >> like qualcomm another strong pint. eps growth

. >>> welcome back morgan stanley confirming the department of justice requested information regarding its block trading business this is a story percolating for some time. credit to both the journal and bloomberg who have written about it let's call it in the last week or two weeks jim, it has come up a lot in conversations. >> it has. >> hedge fund managers, with others who participate in the purchase of stock being sold in a block being a secondary sale via a morgan stanley or primary sale from the company, as well and goldman sachs and others and it's funny how many people want to engage an the story. say have you seen this did you know, you know, that the guy who ran this has been put on a leave of absence since november i've been told subpoenas have gone out quite a few of them. we'll see if it ends up as anything it's a murky area. the question is, you know, if you are a block trade running block trading. are you giving a signal to your best clients of what may be coming letting them potentially get short so they can then cover on the issue that you do to make sure it goes well.

[ding] e*trade now from morgan stanley. >>> the united states is prepared no matter what happens.c resolution that prevents use of force and avoids incredible human suffering that would follow, we will pursue it. we have not yet verified the russian military units are returning to their home bases. indeed, our analysts indicate they remain very much in a threatening position. invasion remains distinctly possible. >> president biden making formal remarks about the unfolding situation in ukraine. we are joined by retired four star general barry mccaffrey. thanks for being here. >> good to be with you, ari. >> as you understand it, what is the status on the ground and what is the status from the united states position? >> well, virtually you have to say that statement by president biden was extremely well thought out, balanced, a lot of deterrence, nato unity, more importantly spoke directly to the russian people. it was really an excellent statement. we look at what's going on in ukraine. last night i looked at video of sp military two millimeter road marching into position. astonis

the morgan stanley shift shows beautifully in the 9:00 hour. it's an indication of where we are for the jobs report. 400,000 bodies? jonathan: we can settle this before the show starts. the estimate for morgan stanley is negative 215. scarlet: that's not even the number i'm watching. it spoke wage number and participation rate. even though this seems like it's negative because workers are not there is not because of a lack of opportunity. you can expect wages increased intentionally more than previously expected. jonathan: i'm looking at cpi next week. the high 7.6 and the low is 7. tom: with all the distractions, we need to underscore that the inflation of next week change because of the historic data we saw yesterday from the bank of england and even more stunning, the shift from ecb and christine lagarde. it comes down to execution of business plans stop i would point out that the revenue take of the successful 4, apple, amazon, microsoft and google is 20% per year last year. jonathan: lisa is shaking her head. she thinks it's something else

morgan stanley trims disney to 170.nk there might be risk you can get on the cnbc investing club with jim cramer find out more cnbc.com jointheclub. >>> befr we go to break, we'll watch bonds. 2-year did get to 133 this morning. that's the highest since february 2020. and the 10-year just south of 193. we'll be right back. we're hoping things will pick up by q3. yeah...uhhh... [children laughing] doug? [ding] never settle with power e*trade. it has easy-to-use tools and some of the lowest prices. get e*trade and start trading today. ♪ ♪ wow, we're crunching tons of polygons here! what's going on? where's regina? hi, i'm ladonna. i invest in invesco qqq, a fund that gives me access to the nasdaq-100 innovations, like real time cgi. okay... yeah... oh. don't worry i got it! become an agent of innovation with invesco qqq i think you're going to like it here. umm, why is everyone... throwing things at me? look, as cfo it's my job to be ready for whatever's next. that's why i have my finance team, randomly hurl things at me.

we are morgan stanley. competition beat us again. how?ter finance system than we do. i feel like they might have a better finance system than we do. workday. how do they make better decisions faster? workday. it's got to be something workday. i think i got something. work... hey, rob, you're on mute. hello! hey, rob, there he is. workday. the finance, hr and planning system for a changing world. >>> the tripping q is now down almost 5% so far for the month 13% for the year the drop is far and wide apple down 3.5% in february. 8% off the january high. nvidia down 30 from the november high zoom up today but down 7 this week 70% from the 52-week high. the cloud guys are fairing a bit better but the cloud etf is down 9% in a month and 35% off the 52 -week high hit back in november. >> carl, one name that is on vacation from the tech tumble, that would be air bnb. it's on pace for its best week since november one of the top five names since january along side booking holdings and marriott. don't go away. more than a trading platform. it's an e

we are morgan stanley. one of my favorite supplements is qunol turmeric.urmeric helps with healthy joints and inflammation support. unlike regular turmeric supplements qunol's superior absorption helps me get the full benefits of turmeric. the brand i trust is qunol. ♪ life can be a lot to handle. ♪ this magic moment ♪ but heinz knows there's plenty of magic in all that chaos. ♪ so different and so new ♪ ♪ was like any other... ♪ >>> the 2022 winter olympics are under way in beijing. but the two weeks of the games are under a cloud of politics, as well as covid casting a shadow. the u.s. and several other allies holding a diplomatic boycott over china's human rights problems. but president xi and vladimir putin together at the opening ceremonies. david, it's a tense backdrop to the winter olympics. some of the tension playing out in plain sight. just how big are the political implications overhanging these games? >> yeah, don. as much as beijing has slammed countries like the u.s. for its diplomatic boycott, it seems like the geopolitics are unavoidable. p

was priced in plenty of action and discuss with andrew, our first guest this morning at morgan stanley andrew, a pleasure to speak with you. it seems friday's non-farm payroll report took everybody by surprise including the white house. notable was not the report for the month of january, but the resc revisions to the prior months. to what extent has this changed the narrative around the economic recovery in the u.s.? >> it was a surprising report. we have been in an environment with a lot of surprising data. the bar to prices has risen. this qualifies the report was stronger than expected and you correctly mentioned the revisions paint a much more stable, stronger recovery in the jobs market than previously data suggested. you know, i think all of this suggests the underlying economy is still robust and the labor market continues to heal i think from the perspective of central banks which are stimulating through bond purchases and record low rates, that was a sign that policy needs to change. it will change substantially i think in our view, we remain above consensus of growth in the

morgan stanley looking at maybe the silver lining.pportunities they are in your -- they are in. >> morgan stanley came out with data yesterday that looks at fund ownership for major technology stocks. it found that when it comes to names like apple and microsoft, these are under owned what to to their weight in the s&p 500, which the firm interprets as a puzzle as a positive signal. -- as a positive signal. caroline: are we likely to head to a bear territory? with the rising tension with russia and ukraine, are we in for more pain to come? >> ever what i have spoken with expects a lot more volatility and no one is really gelt the potential for additional downside should when it comes to these major names like apple and microsoft and so forth come up will continue to see strong long-term growth potential here. strong earnings power. those are factors that do have people continue to be a fan of them even if i the short term there is potential for further downside. caroline: thank you so much. stay warm. let's talk about the down day we

morgan stanley disclosing a doj probe into its business. we've seen news of this happening in the past week but the bank now confirming it has been responding since august to requests or information from the u.s. attorney's office for the southern district of new york related to the inquiry. morgan stanley disclosing that u.s. probe into its business. caroline: fascinating fallout coming from the -- let's have a look at the markets. >> it's been a historic day in financial markets. wti west texas intermediate oil, you can see what happens throughout thursday, going above $100 a barrel for the first time since 2013. when biden made his remarks, which did not include sanctions for the energy supply, you can see how the crisis just fell away and disappeared, kind of reversing what we saw in equity markets. the story of supply disruption and inflation, a lot of focus on commodities like oil and gas when it comes to russia, but also soft commodities. this is the bloomberg agricultural index, hit a record high and between russia and ukraine, they

why are regulators honing in a morgan stanley. -- stanley?le] it is part of a long-running probe. they buy stocks from investor like a hedge fund. [indiscernible] the u.s. securities and exchange commission justice department announced how these block trades were. they are gathering information on activities add morgan stanley and one other competitor. it has arrived at this investigation import because of the slow up which is focused on the block pretty complex. shery: haidi: it has been a year since hong kong listed chinese stocks less big. we will review what is coming next. this is bloomberg. ♪ haidi: today marks it if it one year since hong kong listed chinese stocks big before been put up. we are joined by our coanchor. debussy returned to that big over the next 12 months? good news or bad news? >> let's start with the bad news, but the short answer is no , although the silver lining is we are expecting a rally. we dropped 35%. we still need to rally about 40%, so that seems like in a lot of ways i at this point in time. we have taken a

i am peter akwaboah and we are morgan stanley. >>> welcome or welcome back. good monday morning.rices hitting the highest level since the fall of 2014 right now. this is all on fears of the russian invasion of ukraine to trigger sanctions from the u.s. and europe and exports over the top oil producers in the already tight market it is not just oil and gas you have wheat also on the rise. also on worries of supply disruption from the black sea. russia is the top exporter of wheat and ukraine is the fifth la la largest of wheat and corn. let's talk to jeff currie of goldman sachs. thanks for coming on let's talk about energy and perhaps the idea that there is some disruption in russian oil and/or gas exports or countries start to hoard oil or gas or a supply disruption. what is your view? >> i think it goes back to the point you emphasized is the markets are incredibly tight right now. it doesn't take much of the disruption to create ripple effects across the markets we like to say it is the persist transitory shock we didn't see any significant disruption in oil or gas or energy f

i am peter akwaboah and we are morgan stanley.ting the incredible iphone 13 without t-mobile, - three...two...one... - makes as much sense as playing hide-in-seek... ready or not, here i come. ...in the desert. [sighs] really guys? t-mobile has more 5g bars in more places than anyone. and now, when you switch, you can get iphone 13 on us, on every plan. you're not going to fit in that hole. don't look any further. unlock the full power, iphone 13 on us at t-mobile. the network with more 5g bars in more places. we're hoping things will pick up by q3. yeah...uhhh... [children laughing] doug? [ding] never settle with power e*trade. it has easy-to-use tools and some of the lowest prices. get e*trade and start trading today. >>> let's get a check on the morning's other headlines. frances rivera is in new york with the latest. >> hi, frank president biden is telling any americans still in ukraine to leave. he made the warning during the interview with nbc's lester holt the president said he would avoid troops going to russia saying it c

investigation into how morgan stanley executives handle blockchain.ties are examining recordings of phone calls between the bank an outside fund managers. the recordings of conversations involving one of morgan stanley's top equities executives and blockchain. he has not been accused of wrongdoing. shares of doordash are soaring. they are now set to rise back above their ipo price. the company reported a record 369 million orders in the fourth quarter, 830 5% increase from a year ago. the largest car dealership chain in the u.s. posted record profit in the fourth quarter. the company reaped gains from soaring oil prices. used cars rose 55% from a year earlier. global news 24 hours a day, on air and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in more than 120 countries. i am ritika gupta. this is bloomberg. ♪ >> the pandemic is not behind us but we are in the recovery. the next 18 months will be about managing the situation with suppliers. logistics around the world is a challenge and the prices are very high. tom: gui

we are morgan stanley. >>> welcome back time for the big money movers.s morning, it is inflation. we're giving you four, not three stock tstories. stock number one take-two it fell short of estimates for the fourth quarter shares are down 2% right now the conference call, stauss zelnick said the stock in the video games is dead. and stock number two chegg came in above fourth quarter expectation. the school work picked up and it makes sense. school work up video game playing down. amazing what happens when kids go back to the classroom and gets off virtual stock number three is sysimon property group beating forecast. everybody is out shopping. the guidance for the year is short of estimates stock down 2%. the bonus stock which is stock four bye-bye twitter. ark invests ceo cathie wood sold 4 million twitter shares yesterday. that is the most since may that stock is flat >>> back to the broader market and money. stocks overall with the trend with the intraday swings the next guest says bullish sentiment says it is low for the week, but history shows that

jonathan: ellen zentner of morgan stanley late yesterday was 26 rate hikes for 2022.hat has quickly become the epicenter of the calls, gripping around 5, 6 or seven for 2022. lisa: if you look at fed funds futures, is it really baked into market valuations? if it is, does that give the fed more ammunition to go even faster, saying right now, what you're seeing is not enough financial tightening to really slow inflation to the degree they would like? jonathan: matt horn buck -- matt hornbach said anything of monetary policy is the last thing we need. lisa: basically, markets are expecting them to move 25 basis points in march, and to signal more rate hikes throughout. if they did not do that, that would be a mass easing. that would be a trim medic surprise, and a lot of people are saying it would be a set off -- a selloff. jonathan: would you like to do handbags now or later? tom: we can do it now. david bianco is important. but you look at presales, and they did better than good. they raise the dividend. they said things are bad, and we are hearing that for a lot of c

we are morgan stanley. >>> tonight, another holdout witness has shown up for an interview with the januarycommittee. that is jeffrey clark, former trump official. the committee has been waiting months, i understand, for his testimony. >> reporter: that's right. jeffrey clark met with the committee today, two months after they voted to hold him in contempt. he's key to the panel's invest investigation. he was one of the officials within the trump justice department pushing to pursue the claims of fraud in the 2020 election. no word on whether he pleaded the fifth as he said he would. the committee voted in december to hold him in contempt, then paused to give him the chance to come in. and his level of cooperation today will play a big role in determining whether they will refer him to the justice department for possible criminal contempt charges. and the national archives saying they will turn over documents from former vice president mike pence. this comes as top pence staffers have been talking to investigators. >> at the same time, paula, one of the january 6th committee members now say

we are morgan stanley. welcome to the next level. what's the plan? save the moon. save earth.rld is counting on you. i'm going to put this baby into warp speed. buckle up. everybody hang on! and enjoy the ride. wooo. yes! in the all-new lexus nx. this is a whole other level of insane. see moonfall, in theaters february 4th. and experience amazing. ♪ ♪ >>> okay. so, just four months after its debut, wordle may be the hottest online game of 2022. i don't know if you've heard about it. it's so popular "the new york times" has announced it bought wordle from its creator from an undisclosed price, at least a million dollars. "vanity fair" contributor writes, why wordle is our new favorite thing to do in bed in the morning. monica, it's lovely to have you on the program. when i read your piece in "vanity fair," i was so excited to know that i am not the only one who's obsessed with wordle. and it's all -- i mean, it's all so e cent. we're all so kind of newly in love with wordle. it's only been a few months it's been around. >> exactly. exactly. i think i'm on game 23, day 23. i kno

morgan stanley on thursday looking for a 7.3% on cpi, that is your median estimate. goldman out with a call and they reviewed their call on the tenure blend with the year and plus 50 basis points is what they are looking for, positive 50. a big move, back to positive 20 on the german 10-year. tom: 30.3 zero. everyone is moving around. no question. i think it is time for the surveillance olympic report. we have to do it. australia won by one millimeter. they literally got out by one millimeter. this is really a lot of tension. they are from victoria they beat canada, which is like beating -- jonathan: that is a country with actual snow. tom: what is so important, you are sweeping and the skip starts yelling at you the way you yell at me and you are sweeping and once i burst into tears and i was so upset. jonathan: you are watching last night? you need to resist the urge and need to do that. what is the olympics were coverage about? where did you find it or watch it? tom: i watch the curling channel. not on peacock? nbc curling. come on, get with it. jonathan: given ho

morgan stanley finds itself in a different camp. let's get more perspective on all of this.risten bitterly michell is the head of global wealth managements and joins us now. always nice to see you. so obviously a lot of opportunity to think about where we are going to be over the next six months. let's starts with that concept of whether or not the situation of higher interest rates has now been fully absorbed by the market. what do -- what are you thinking about? kristen: i think one of the things we need to delineate is there is a difference between higher rates and fid policy -- fed policy so i think that the market is is -- we were expecting rate hikes this year. we were expecting that we would have a couple. maybe there's more than what was expected but what i think the market is grappling with and this is why there is discussion about expected volatility is fed policy not just in terms of rate hikes but also in terms of this pivot from quantitative easing to quantitative tightening and the impact that that's going to have in broader markets particularly within credit m

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we adjust as morgan stanley economics robert rosener joins us now.ander at standard has been resilient before the historic moment of the 5, 6, seven rate hike team may be a little off the mark. you adjust back down to three rate hikes this morning? robert: thanks for having me. we still see the fed on track to raise interest rates in march by 25 basis rides. of course there is down increased degree of uncertainty in the economic outlook. the fed has to weigh what they are seeing in terms of domestic economic conditions than the inflationary backdrop. the fed has to weigh that against the potential risks to the economic outlook. tom: let's go back to the korean war. as is the point where the white house says to chairman powell we need your help, this is what we would like you to do? robert: the fed will maintain its independence in monetary policy, but the fed has to ask important questions. this is not the first time the fed's had to grapple with domestic economic conditions that might call for rate hikes but international conditions that present ris

. ♪ i am daniel dibiasio, managing director, morgan stanley wealth management.at way to start with a high schooler is to start with something simple and achievable, yet dynamic. could be making a purchase, like a pair of sneakers or a sweater. saving to have a few dollars for a future purchase. or how much money do you think you spent this week? and starting with some actual facts. so it's an exercise i think to be engaged together with your children, rather than giving out like a homework assignment. having a job as a teenager is an incredibly valuable experience and not necessarily just about earning the money, but understanding what it takes having a job. and so just keeping it simple and bite-sized and moving them through a conversation over time is probably a better way to do it. i am daniel dibiasio and we are morgan stanley. >> on sunday morning, february 28th, the atf launched its ill-fated raid on the branch davidian compound outside waco, texas. the atf called it operation showtime. >> those that made the initial entry, their concern, where are the chi

the recordings are of conversations including one of morgan stanley's top equities executives in blocks not been accused of wrongdoing. the ceo of intel is tired of wall street doubting his comeback plans. pat gelsinger gives himself an a-grade for his first year of running the chipmaker. gelsinger is spending $20 billion to build the world's largest chip making facility in ohio and planning an expansion. 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. ♪ >> we have seen a lot of volatility because of these geopolitical risks. we are seeing oil climbing on news from russia. we have seen it declined slightly on news coming out of iran. that is also a very important geopolitical risk factor right now. jonathan: that was ellen wald, senior fellow at the atlantic council. futures are down 0.2% on the s&p. pulling back their .3% on the nasdaq. no big drama here. we are down three or four basis points on tens, just about holding 128 2% handle on the 10 year yield.

we are morgan stanley. what do you think healthier looks like? can help you support your nutrition, sleep, immune system, energy ...even skin. so healthier can look a lot like...you. cvs. healthier happens together. >>> welcome or welcome back. good thursday morning. astrazeneca posting better than expected earnings and better than expected revenues this morning. results driven by the covid-19 antibody treatment and cancer drugs. meg tirrell is joining us early with the interview with the ceo of astrazeneca good morning, meg. thank you. >> reporter: thank you, brian. pascal soriot, thank you for being with us. let's talk about the drivers of your forecast this year. particularly with covid. you said you expect the vaccine to decline this year, but antibody drug to increase. tell us about the dynamics you are seeing >> thank you so much, meg. it is a pleasure to be with you today. we have guided in 2022 revenue to go up by the high teens within days, the covid portfolio will decline with the products of the vaccine and antibodies for protection of

equity strategist at morgan stanley, is cautious on the equity market. ellen zentner has a -215,000 statistic for the jobs report. maybe it is a one-off. maybe it is not. fold in this american economy into your caution. you walk away from the bull case. mike: the bull case was always that goldilocks would persist into this year. our base case is that gold locks would be challenged. i would say as we talk on this program last time, we were meeting -- we were leaning more towards the bear than the bull. we now have a negative forecast for nonfarm payrolls tomorrow. the question is, is it just an omicron pair back in hiring, or is it something bigger? we have had this narrative a fire and ice, and we think it is going to be icier. it does not mean recession, but the idea that we are not going to have some payback here from what was a spectacular rebound during the pandemic we think is naive. i think this is really being overlooked, this bifurcation between the lower income cohort and the upper income cohort. without the government transfers , they are the o

i go to morgan stanley's andrew sheets saying $2 trillion combined for the four major market banks.will reduce their balance sheets by that much by the middle of 2023. the implications of that are hard to know, especially if you have this backdrop of a lot of liquidity and growth. jonathan: and 70 people think they cannot achieve it. tom: this is the heart of the matter. john and lisa, what you agree the way to solve that is to go longer, x axis out. lisa: shirt. the problem is the path matters a lot in terms of what you want to own. looking at people already forecasting going back and attack in the second half of the year, how long does it take before we get the slow down and enough data to say we are no longer write about inflation? jonathan: i am not saying it is wrong, i'm saying it is cute to separate the year that way. you can see why people are making that call that growth starts to slow and the growth scale becomes the bigger fear. therefore we are allocated to equities and that is where you want to be. there so much of the year to go. when we close down last year where were

for what it's worth, mike morgan of morgan stanley, adding to that case.ension we are seeing with russia and ukraine. saying a war materially increases the odds of what he calls a polar vortex for the economy in earnings, with a spike in energy prices that would destroy demand and in our view perhaps tip several economies into outright recession. some energy investors are looking at that and wondering at what point do higher oil prices start to weigh against their business? there's a lot of moving parts when it comes to reactions to stories like this. matt: i was talking to tom keene this morning about the jump you saw in inflation in oil prices in the early 1970's. that caused real demand destruction, not to mention the engineering of some awful cars like the second-generation mustang. it will be interesting to see what it does this time. maybe it pushes us more into electronic vehicles and electric vehicles, and then maybe it is a good thing. jon: certainly something we will be watching closely. in terms of the issues on the ground, let's get a little bi

we are morgan stanley.eat fresh refresh has so many new footlongs, here's how they line up. we got the new chicken & bacon ranch, new baja steak & jack, and the new baja chicken & bacon, aka "the smokeshow." save big. order through the app. >>> internationally today, a final salute for 27-year-old new york police officer wilbert mora. one of the two nypd officers gunned down in the shooting in harlem nearly two weeks ago. president biden will visit new york city tomorrow to talk crime and gun violence with new york city mayor eric adams. this comes as president biden's effort to pass policing reform has stalled. live in new york, the nypd says major crimes in new york city have risen 38% over the past year. what is biden's plan to try to tackle this dramatic uptick? >> right. one of the things that the president is going to come here and meet with the nypd and the mayor is that will entail some of the initiatives they want to try to curb some of the gun violence. the guns that are coming into new york city.