new service. before that, though, how did we get here? the corporation's first foray into 24diences abroad. bbc world service television, as it was called at first, could not be seen in the uk and was funded by subscription in some parts of the world and advertising in others. good evening. this is the bbc world service news. i'm ed mitchell. the headlines tonight... six years later, domestic audiences got their own channel, news 24. hello, and welcome for the first time to bbc news 24. since then, with a couple of changes of name, the two services have run in parallel with some content being shared, a trend that's increased recently. but against the background of a decline in the bbc�*s income with the two—year freeze in the licence fee, the bbc announced last summer that there would be a new unified channel, though uk viewers will receive specific content, such as this programme, at certain times of the day and during certain news stories. it'll be broadcast from london during the day and singapore and washington during the night. but some viewers have been telling us they

global news 24 hours a day on air and on bloomberg quick take powered by more than 2700 journalists and anaylsts in over 120 countries. haidi: australia's centerleft labor party takes power in new south wales. first, why traditional defensive stocks are not of that -- are now dead. our conversation with hilary kramer is next. this is bloomberg. >> policy response has been swift and appropriate. i think it will contain the stress. meanwhile, the real economy has been stronger than expected during the first quarter of 20 23. inflation remains too high. kathleen: st. louis fed president james bullard on the central banks fight against inflation. we are watching u.s. core pce inflation data friday. that is see indicator the fed plays the most attention to and rose zero point 4% in february. i -- on wednesday australia's february cpi report is expected to show inflation easing which could support a case for the rba deposit hikes at the april board meeting. chinese data friday will offer insight into the countries come back after covid restrictions were dropped. bloomberg expects mild acceler

global news, 24 hours a day, on air and on bloomberg quicktake, powered by more than 2700 journalists and analysts in over 120 countries. i am lisa mateo. this is bloomberg. this is bloomberg. oh, genius! for more breakthroughs like that... ...i need a breakthrough card... like ours! with 2.5% cash back on purchases of $5,000 or more... plus unlimited 2% cash back on all other purchases! and with greater spending potential, sam can keep making smart ideas... ...a brilliant reality! the new ink business premier card from chase for business. make more of what's yours. and it's easier than ever to■ get your projects done right. inside, outside, big or small, angi helps you find the right so for whatever you need done. with angi, you can connect with and see ratings and reviews. just search or scroll to see upf on hundreds of projects. and when you book and pay throug you're covered by our happiness it's easy to make your home an a check out angi.com today. angi... and done. >> are you aware that judges have ruled that starbucks violated the federal law in the past 18 months? >> starbucks

new service. before that, though, how did we get here? the corporation's first foray into 24service television, as it was called at first, could not be seen in the uk and was funded by subscription in some parts of the world and advertising in others. good evening. this is the bbc world service news. i'm ed mitchell. the headlines tonight... six years later, domestic audiences got their own channel, news 24. hello, and welcome for the first time to bbc news 24. since then, with a couple of changes of name, the two services have run in parallel with some content being shared, a trend that's increased recently. but against the background of a decline in the bbc�*s income with the two—year freeze in the licence fee, the bbc announced last summer that there would be a new unified channel, though uk viewers will receive specific content, such as this programme, at certain times of the day and during certain news stories. it'll be broadcast from london during the day and singapore and washington during the night. but some viewers have been telling us they fear there will be a downg

global news, 24 hours a day, on air and on bloomberg quicktake, powered by more than 2700 journalistslysts in more than 120 countries. i am vonnie quinn. this is bloomberg. rishaad: let's check in with these technology companies in china. what a move to the upside after the news alibaba will be split into six pieces. a big boost. this will likely spur a wave of spinoffs. ms state capitals been heartbroken told us his view as to what he sees from this. >> i think you will see this across the board. they will be some level of spinoffs. i think tencent will see further spinoffs. yvonne: what this means when it comes to these potential ipo prospects. are we getting a sense of where these listings might happen? >> good morning. i think this is a very important question. one common point is hong kong should definitely benefit from this decision, not just because alibaba is a huge name that we are ready know, but also all of the other groups that we just mentioned, tencent, all about conglomerates that may follow suit. hong kong still gives all of those companies access to international inve

global news 24 hours a day, online and at quicktake on bloomberg, powered by more than 2700 journalists and analysts in over 120 countries. i'm lisa mateo. this is bloomberg. ♪ >> people are doing something that probably is not rational but totally understandable, which is then moving deposits and where they are moving has its out of are the smaller and medium-sized banks into the larger banks. that is not going to stop overnight. there will be a lot of repricing in the credit segment. this is going to be bumping moving forward. jonathan: that was mohamed el-erian weighing in on the solution with ubs and the banking scenarios playing out worldwide. equity futures unchanged. yields lower by seven basis points on a 10 year, 3.3541. if fed decision wednesday, will we get 25 or nothing? what do the projections look like? i want to look at ubs, down 7% at the moment but basically a session i the stock. it was down as much as 16% early on in the session. the other name we need to talk about his first republic here on this side of the atlantic. i keep going back to the news of last week, 11 ba

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 am vonnie quinn. this is bloomberg. >> up next, saira ann malik shares her expectations. this is bloomberg. ♪ go. go air that runs factory. go sensors and software. go find leaks. go fix-em. emerson technology detects compressed air leaks to save manufacturers, like colgate, over 20% in energy costs. go brush your teeth. go boldly. emerson. >> our next guest says she is playing offense when it comes to emerging markets. joining us now is saira ann malik, ceo at nuveen. good to have you with us. we have seen uncertainty about where emerging markets are going. >> we like emerging markets for earnings estimates, valuations. earnings estimates much more realistic. monetary policy, in many of these markets they are far more ahead of the curve. china is easing, korea is. we also have indonesia, another country with stable growth. india have benefited when china was struggling. >> a lot of these economies you mentioned are trade reliant and we saw e

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. this is bloomberg. shery: still ahead, china signaling coal real -- will remain its main state fuel even as the -- more on that later. first an update on the beleaguered crypto industry and fresh headaches for traders. this is bloomberg. ♪ when you automate sales tax with avalara, you don't have to worry about things like changing tax rates or filing returns. avalarahhh ahhh >> we could still have a soft landing. a mile recession as possible. a hard recession as possible. there's a good chance inflation will come down, but not enough by the fourth quarter, i think a lot is happening in the world, and the bigger trends are inflationary. paul: jp morgan ceo jamie dimon speaking exclusively to bloomberg. our next guest says the rba has little choice but to increase the cash rates by 25 basis points later today. he is the executive director and head of research at k2 asset management. we be hard-pressed to find anyone who doesn't think the rba is g

global news, 24 hours a day on air and on quicktake, powered by more than 2700 journalists and analysts in more than 120 countries. click still head with oil prices higher -- hovering near the 15th month -- 15 month low -- we get more on the banking sector. this is not as severe as in past crises. this is bloomberg. ♪ >> i can reassure the members of the committee that are banking system is sound. and that americans can feel confident that the deposits will be there when they need them. this week's actions demonstrate a resolute commitment to enjoy our financial system remains strong. request the overall health of the banking system is still very strong. they are seeing this come from bigger lenders. quick that was has to be a concern. the rise has been in place for about five or six years. this is a culmination of it. this is what happened last year with the mismanagement of the division of portfolios and the fixed income bonds. the backdrop is when you start looking at the capital ratios of the banks being significantly better than what you had, two to three times, liquidity excess re

good news, highway 24 recovered to speeds after the earlier crash near the caldecott tunnel. we're watching >>> good monday morning to you. millions of americans on edge after two of the largest bank failures in u.s. history. >> a race against time to avoid an even larger financial disaster. it's march the 13th. this is "today." >> crisis mode. federal officials take emergency steps overnight to avert a run on the banks. nervous investors anxious to access their money. president biden addressing the nation this morning. >> i'm going to ask congress and the banking regulators to strengthen the rules of the banks to make it less likely this kind of bank failure would

global news, 24 hours a day.and on bloomberg quicktake, powered by more than 2700 journalists and analysts in over 120 countries. i'm vonnie quinn. this is bloomberg. shery: coming up next, a former advisor to boj governor tells us he thinks the decade changed how banks made money. this is bloomberg. this is bloomberg. ent caretaker and owner. when covid hit, we had some challenges like a lot of businesses did. i heard about the payroll tax refund, it allowed us to keep the amount of people that we needed and the people that have been here taking care of us. see if your business may qualify. go to getrefunds.com. haidi: it is time for japan ahead on bloomberg asia. japan makes it -- singapore makes its return to the nikkei since 2012. we will also be watching life insurance, which according to media reports is under investigation by japan's financial services agency over the sale of certain plants. we are tracking progress when it comes to softbank. the chip design unit arm is looking to raise $8 billion from the

global news 24 hours a day on air and on bloomberg quicktake powered by more than 2700 journalists and analysts in over 120 countries. this is bloomberg. yvonne: still ahead, we will take a closer look at japan after fresh data shows inflation easing further. our interview with the ims chief in japan. rishaad: the latest on donald trump's legal woes, the first former u.s. president to face criminal charges in a case he calls political persecution. more on that. this is bloomberg. ♪ and it's easier than ever to■ get your projects done right. inside, outside, big or small, angi helps you find the right so for whatever you need done. with angi, you can connect with and see ratings and reviews. just search or scroll to see upf on hundreds of projects. and when you book and pay throug you're covered by our happiness it's easy to make your home an a check out angi.com today. angi... and done. rishaad: czechia in with u.s. futures, the end of the quarter windowdressing. gains in tech, futures up, looking at to what is happening in regards to the bond market. we have 10 year yielding 3.56%, th

global news 24 hours a day, online and at quicktake on bloomberg, powered by more than 2700 journalists and analysts in over 120 countries. i'm lisa mateo. this is bloomberg. ♪ this is ge aerospace, advancing flight for future generations. ♪ welcome to a new era of flight. your supply chain and ryder makes sure you're ever delivering with freight brokerage to transportation management, truckload capacity and dedicated trucks and drivers. jonathan: it feels like we have a long week ahead of us. equity futures turning lower, negative by more than .1% on the s&p 500. unprecedented over the weekend, the treasury, federal reserve, fbi see looking to shore up the financial industry in the united states of america. tom: and do it in the real-time getting trust and confidence into the system and beginning to think about where are we heading and what did we get wrong here and what do we need to do to fix it, maybe feeling a bit 2009? jonathan: did we scrap the limit overnight? tom: that it insulting to upper middle-class. it should be up to 40 million because i'm on my gulfstream from montana an

global news 24-hours a day, powered by more than 2700 journalists and analysts in over 120 countries. i am vonnie quinn and this is bloomberg. >> still ahead, we get more into xi's bid to play peacemaker as white america who welcomes him to moscow. we get insight from the university of new south wales. coming up next, we meet with mainstreet asset management as the market upheaval circles warnings of a minsky moment. this is bloomberg. ♪ will you make something better? create something new? our dell technologies advisors can provide you with the tools and expertise you need to bring out the innovator in you. what do you see on the horizon? uncertainty? or opportunity. whatever you see, at pgim we can help you rise to the challenges of today, when active investing and disciplined risk management are needed most. drawing on deep expertise across the world's public and private markets in pursuit of long-term returns... pgim. our investments shape tomorrow today. if you wake up thinking about the market and want to make the right moves fast... get decision tech from fidelity. [ cellphone

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 am vonnie quinn. this is bloomberg. >> still ahead, more on the growing geopolitical tensions over it the taiwanese president's visit to the u.s. we will speak with the austrian former ambassador to china to talk about what is at stake in what we could see from beijing in response. first, baltic capital markets -- bullock capital markets tells us why in just a moment. this is bloomberg. ♪ >> take a look at the first 15 minutes or so of trading in sydney. set for a pretty robust day with future stuff like this and a strong return of risk sentiment in the u.s. session, watching protects tax in particular -- tech stocks in particular. the asx up 0.90%. every segment in the green. it is information technology leading, up 1.3%. materials performing strongly. energy out of financials as well. this, as we anticipate a pause from the rba after the softer than expected inflation print. we are watching for, pale and jobless numbers -- for retail and jobles

global news, 24 hours a day on air and on quicktake, powered by more than 2700 journalists and analysts in more than 120 countries. i am su keenan, this is bloomberg. >> still ahead, they do little to calm u.s. lawmakers as we saw. seeking to ban the viral video sharing service. we take a look at what really happens from the cyber risk management firm later in the hour. first, a place to hide out as markets face both potential possession and further rate prices. we get more on that strategy next, this is bloomberg. ♪ get help reaching your goals with j.p. morgan wealth plan, a new tool in the chase mobile® app. use it to set and track your goals, big and small... and see how changes you make today... could help put them within reach. from your first big move to retiring poolside and the other goals along the way wealth plan can help get you there. j.p. morgan wealth management. when you automate sales tax with avalara, you don't have to worry about things like changing tax rates or filing returns. avalarahhh ahhh >> we have increased the regulation of the banking system from then. reque

global news 24 hours a day on air and on bloomberg quicktake powered by more than 2700 journalists and analysts in over 120 countries. this is bloomberg. haidi: get more for exclusive with south korea's chief financial watchdog. he explains what risks he is watching in credit and property markets. with the current banking turmoil is not as bad as 2008. it is not affecting all companies equally. this is bloomberg. ♪ ever better. it's when disruption hits your supply chain and ryder makes sure you're ever delivering with freight brokerage to transportation management, truckload capacity and dedicated trucks and drivers. was also the first time your profits left you speechless. at the counter or on the go, save 20% with the lowest transaction fees and keep more of what you make. start saving today at godaddy.com oh booking.com, ♪ i'm going to somewhere, anywhere. ♪ ♪ a beach house, a treehouse, ♪ ♪ honestly i don't care ♪ find the perfect vacation rental for you booking.com, booking. yeah. >> this the textbook case of dank mismanagement. >> we saw serious stress. >> we have used tools to

global news 24 hours a day, on-air and at bloomberg quicktake, powered by more than 2700 journalists analysts in more than 120 countries. heidi: with the recent big turmoil, avenue capital ceo thinks there is little benefit for small businesses and other depositors to keep their money with regional banks instead of wall street giants, unless the fed steps in. >> what is the benefit of keeping your money in a smaller bank? even if that bank is doing extremely well? it is not one of the banks that, in essence, the fed worries about systemic risk. even if there is a 1% probability, why wouldn't you move your money into jp morgan or b of a, into the banks that you know that if there is a problem, the fed has to step in? ultimately, all of this is a question of trust and confidence . the fed is trying to give everybody back that confidence but, if you are a business and you have 100 million or 200 million in a small bank, should you move it? i think ultimately, people will end up doing that unless the fed gives people guarantees that they have got nothing to worry about. >> so what you ar

global news 24 hours a day, on-air and at bloomberg quicktake, powered by more than 2700 journalists and analysts in more than 120 countries. annabelle: still ahead, the imf says fed chairman jerome powell wouldn't do well to recognize how the fed's monetary policy is leading to a banking crisis. executive director joins us later in the hour. and up first, a look at bond markets as the fed doubles down on its hawkish path in the u.s. prepares his actions to protect banks potentially. we will speak with giovanna from bond blocks. thanks to avalara, we can calculate sales tax automatically. avalarahhhhhh what if tax rates change? ahhhhhh filing sales tax returns? ahhhhhh business license guidance? ahhhhhh -cross-border sales? -ahhhhhh -item classification? -ahhhhhh does it connect with acc...? ahhhhhh ahhhhhh ahhhhhh ever better. it's when disruption hits your supply chain and ryder makes sure you're ever delivering with freight brokerage to transportation management, truckload capacity and dedicated trucks and drivers. the new chase ink business premier card is made for people like sa

global news 24 hours a day on-air and on bloomberg quicktake.alists and analysts in over 120 countries. this is bloomberg. every day, millions of things need to get to where they're going. and at chevron, we're working to help reduce the carbon intensity of the fuels that keep things moving. today, we're producing renewable diesel that can be used in existing diesel tanks. and we're committed to increasing our renewable fuels production. because as we work toward a lower carbon future, it's only human to keep moving forward. go. go brain. no, not that one. go this one. go optimizing data. go efficiency. go results. emerson's plantweb digital ecosystem is the brain for smarter, safer and more sustainable performance. go plant go. go boldly. emerson. this is ge aerospace, advancing flight for future generations. ♪ welcome to a new era of flight. and it's easier than ever to■ get your projects done right. inside, outside, big or small, angi helps you find the right so for whatever you need done. with angi, you can connect with and see ratings and r

global news 24 hours a day, on air and on bloomberg quicktake, powered by more than 2700 journalistsnd analysts in more than 120 countries. i am laura wright. this is bloomberg. tom: thank you very much indeed. dust off your watch collection. apollo global management ceo and cofounder marc rowan spoke to francine lacqua on whether we will see a recession ahead. we will bring you more from the exclusive conversation next. at that -- this is bloomberg. ♪ >> i think we are in a non-recession recession. what i mean by that is if you think about what happened in the u.s., we did eight trillion dollars. are we surprised by what happened? we should eat. everything went up into the right. last year, we started to withdraw some stimulus and lo and behold, things went down. everyone who wants a job has a job. unemployment is at record lows . the last cycle was about even lower ends of the employment spectrum and restaurant and hospitality. when i say no recession recession those who are an asset markets and financial markets, it feels like a recession because everything is down . but for the v

global news, 24 hours a day, on air and on bloomberg quicktake, powered by more than 2700 journalistsnd analysts in more than 120 countries. i am vonnie quinn. this is bloomberg. haidi: still ahead, as the dust settles on the mixed earnings season in australia, the results show signs of a downturn. we will give some key takeaways later this hour. but first, more analysis on the national people's congress, from year loss school -- from yield law school. this is bloomberg. haidi: you're watching "daybreak: australia." taking a look at the week ahead. boj governor haruhiko kuroda will oversee his last policy meeting on friday the. bank is expected to keep its stance unchanged. but before that on tuesday, fed chair jay powell gives his semiannual report to congress. is expected to highlight progress in slowing inflation without a huge job losses were laying the groundwork for higher interest rates. on thursday, president biden will release his 2024 budget request, outlining his top spending priorities, including --. in the rbi is a cricketer race interest rates a tent -- and the rba is ex

global news 24 hours a day on air and on bloomgerg quicktake. powered by more than 2700 journalists and analysts in over 120 countries. i'm lisa mateo and this is bloomberg. ♪ go. go brain. no, not that one. go this one. go optimizing data. go efficiency. go results. emerson's plantweb digital ecosystem is the brain for smarter, safer and more sustainable performance. go plant go. go boldly. emerson. get help reaching your goals with j.p. morgan wealth plan, a new tool in the chase mobile® app. use it to set and track your goals, big and small... and see how changes you make today... could help put them within reach. from your first big move to retiring poolside and the other goals along the way wealth plan can help get you there. j.p. morgan wealth management. this is ge aerospace, advancing flight for future generations. ♪ welcome to a new era of flight. >> the fed's goal is to slow inflation if you hit your projections do you know how many people who are currently working >> >> will lose their jobs? inflation is extremely high. it's hurting e

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'm vonnie quinn. this is bloomberg. ♪ haidi? >> coming up -- more on the aftermath of svb's collapse. ♪ plus more details on the multibillion-dollar plan for austerlitz to get nuclear powered submarines in a bid to blunt china's assertiveness in the pacific. we get the latest, next. this is bloomberg. ♪ was also the first time you heard of a town named dinosaur, colorado. we just got an order from dinosaur, colorado. start an easy to build, powerful website for free with a partner that always puts you first. start for free at godaddy.com when you automate sales tax with avalara, you don't have to worry about things like changing tax rates, exemption certificates or filing returns. avalarahhh ahhh ahhh ahhh >> the market is telling the fed to be done. >> it's too soon to make a call on the fed being done. >> what happens in march, i don't know. >> is not going to be 50 basis points. we are back to 25 basis points. >> we are pricing zero versus

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. not in vonnie quinn. this is bloomberg. -- i am vonnie quinn. this is bloomberg. haslinda: china warns of damage to relations as the taiwanese president arrives in new york. we will get more on the potential follow-up later this hour. rishaad: plus, agreeing to a second stent at ubs, following the emergency takeover credit suisse. we will have the challenges heat is facing and that he is facing and -- that he is facing and we will go to the boao forum. we heard from the singaporean prime minister earlier. that was after the new premier of china it gave his opening speech there as well. this is bloomberg. ♪ the new chase ink business premier card is made for people like sam who make...? ...everyday products... ...designed smarter. like a smart coffee grinder - that orders fresh beans for you. oh, genius! for more breakthroughs like that... ...i need a breakthrough card... like ours! with 2.5% cash back on purchases of $5,000 or more... plus unlimite

global news 24 hours a day, on-air and at quicktake, powered by more than 2700 journalists and analysts in over 120 countries. haidi: the latest on alibaba, or other tech giants could potentially learn from the planned break up. coming up next, ameriprise financial tells us when investors need to stay defensive as the banking turmoil fades. ♪ shery: welcome back. we are seeing a strong set up for the asia open and we could see risk assets rallying after the s&p 500 again topped the 4000 level. the s&p 500 is back above the 4000 level and the nasdaq 100 also entering bull markets again. rising more than 20% from its december low and also poised for the best quarter since 2020. all of this is ahead of u.s. fourth-quarter gdp numbers on thursday and the monthly pce data the fed follows very closely this week. our next guest these financial market anxiety easing in the absence of more bank failures and advise clients to stay calm but still defensive. ameriprise and opus ceo nancy sherif daoud joins us. in this environment would you recommend adding some positions to some of those sectors we

global news 24 hours a day on air and on bloomberg quicktake, powered by 2700 journalists and analysts in more than 120 countries around the world. i'm vonnie quinn. this is bloomberg. haidi: coming up, pimco joins us to review the inflation numbers. the fed gets squeezed between price pressures and the banking sector. this is bloomberg. ♪ >> the data still pointing towards inflationary pressures. >> inflation data is strong enough to have a hike next week. >> they will have to pivot towards maintaining financial stability. >> financial stability trumps inflation in the short run. >> maximum stability ensures it will not be 50 for sure. >> they wanted to 25. >> for them to not to 25 will be construed as tempting. >> if they had a pause in march, they could do that. >> if the markets are in distress, pausing is ok. >> it would not be an indictment of the tools they put in place. >> the ring fencing works. the fed goes back to hiking interest rates. >> this is a fed that will keep raising interest rates, until you see signs that inflation is slowing. shery: tv guests on the inflation dat

global news 24 hours a day on air and on quicktake.nalysts in over 120 countries.i'm lisa mateo this is bloomberg. hey david! connect with an advisor to create your personalized plan. let's find the right investments for your goals. okay, great. j.p. morgan wealth management. with changes in everything from crypto to blockchain, audit plays a critical role in building confidence in capital markets. how is the audit sector helping companies manage and assess this risk? yeah well, 90% of the data that's really been collected and used today has been developed in the last two years, which is astounding. and that amount of data brings great opportunities for better insights to our clients using data analytics, but also bring additional risks. another example is really the innovative technologies that are being used at our clients today. and if you think of blockchain and crypto, having the technologies available to basically assess those risks and make sure that we're covering them is integral. and ultimately, if you think of one of the too

global news 24 hours a day on air and on bloomberg quicktake, powered by more than 2700 journalists andanalysts in more than 120 countries. i am su keenan. this is bloomberg. haslinda: well, still ahead, we examine the effect of the demise of svb bank on tech innovation with a startup lawyer and angel investor. rishaad: first, checking the impact on the global banking sector, turmoil on the upcoming break decision from the federal reserve and the ecb. that is on the way. this is bloomberg. ♪ it's easy to get lost in investment research. introducing j.p. morgan personal advisors. hey david! connect with an advisor to create your personalized plan. let's find the right investments for your goals. okay, great. j.p. morgan wealth management. rishaad: it is all about credit suisse. we have their offer to buy back debt for 3 billion swiss francs. it comes against this background of the swiss national bank coming to its aid with the facility of around $54 billion here as well. and that news those two bits of news help to propel futures up after they were negative, and we are seeing the dollar

global news 24 hours a day on air and on bloomgerg quicktake.sa mateo and this is bloomberg. ♪ if your business kept on employees through the pandemic, getrefunds.com can see if it may qualify for a payroll tax refund of up to $26,000 per employee. all it takes is eight minutes to get started. then work with professionals to assist your business with its forms and submit the application. go to getrefunds.com to learn more. ♪♪ talk of a potential recession often leads to cost-cutting. how can the tax function of firms be mindful of this but also drive value? the challenge that many of them have is building a sustainable long-term plan around data and technology. we often see our clients turn to third-party providers and outsourcing arrangements where they look to them to accelerate that process, which can be a good outcome for many of our clients. what we find that the ones who are most successful are ones that enter that with the right partnership mindset, where they find a strategic partner that understands their values. that builds flexibility

you will remember that mexico's president had kinda revealed that news 24 hours ago, so we expected it of thing. there is a lot of focus on the big picture, not a lot of granularity, given that it's a subject area, i thought his comments around artificial intelligence were interesting, so why don't we take a quick listen to what elon musk had to say. yuan: as we solve real-world ai, i don't think anyone is close to tesla on solving real-world ai. annabelle: this is -- ed: this is a part of it, selling the company to potential new employees, new talent, beyond that, incremental updates and part of that you see that playing out in the shares. haidi: bloomberg's ed ludlow. you concern for more on this story on the bloomberg. more on tesla investor day. tliv is where it goes in the country and analysis from our team of expert editors. let's get you to vonnie quinn with the first word headlines now. vonnie: -- in fact, i will bring you those first word headlines. the boe governor -- over the pace of further interest rate rises. some further increase in rates may turn out to be appropri

global news, 24 hours a day, on air and on bloomberg origionals, powered by more than 2700 journalists and analysts in more than 120 countries. i am john holland, this is bloomberg. >> welcome to bloomberg markets. >> let's get a quick check on the markets, a very confusing day. it felt like we are in a severe risk off session as we started trading earlier this morning and now we are in deposit territories. you have the pmi better than expected -- estimated. then you have him talking about the hawkish hike. you arc that inflation coming in the 4 handle, well below what we saw in january. that helped reverse some of the losses we saw in stocks. never the less we see bid into safety. the dollar index up by .4%, you still see money move in there and the risk off when it comes to commodities. gold stabilizing the oil continues to rollover. jon: that is helpful context. the bank stocks specifically is where i want to key in. we saw some of the regional names come up the worst levels of the session is one of the broader considerations for where the equity markets are right now. we are lookin

global news 24 hours a day, online and at quicktake on bloomberg, powered by more than 2700 journalists and analysts in over 120 countries. this is bloomberg. >> welcome to "bloomberg markets. there is a lot to digest. you are seeing big moves. liquidity at the market creating massive market moves. the s&p down 1% and yields down, a bit into treasuries out of a weekend that is expected to be news headline after news headlines. a 14 basis point move on the s&p and taking the dollar bound -- down by .4%. crude is a trading with 867 handle. -- with a 67 handle. jon: energy stocks remain under pressure. there is the shift of money and gold outperforming. we have the rare earnings story that has fueled buying into fedex, largely because of the cost-containment's at the shipping giant but many of those issues influenced overall by what is happening in banking, the subsectors, the worst performing group, down 25% at this hour. kriti: we are getting breaking news, charles schwab specifically saying it got $16.5 billion in court net new assets, proves how much confidence they have in the banks.

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 and su keenan. this is bloomberg. >> still ahead, tencent's revenue back to growth. we talk about what that means for the sector. coming up next, fed chair jay powell dublin down on the hawkish path. we look at the monetary policy next. this is bloomberg. ♪ go. go air that runs factory. go sensors and software. go find leaks. go fix-em. emerson technology detects compressed air leaks to save manufacturers, like colgate, over 20% in energy costs. go brush your teeth. go boldly. emerson. the new chase ink business premier card is made for people like sam who make...? ...everyday products... ...designed smarter. like a smart coffee grinder - that orders fresh beans for you. oh, genius! for more breakthroughs like that... ...i need a breakthrough card... like ours! with 2.5% cash back on purchases of $5,000 or more... plus unlimited 2% cash back on all other purchases! and with greater spending potential, sam can keep making smart ideas... ...a brill

global news 24 hours a day, on-air and at bloomberg quicktake, powered by more than 2700 journalists and analysts in more than 120 countries. shery: later in the show, the details between the rare summit of south korea and japan, and its potential impact on regional security and trade. next, we look at the market fallout from the banking fallout in the u.s. and europe. morningstar's lorraine tannen tells us where the buying opportunities are. this is bloomberg. ♪ go. go green. go wind turbines. go gorgeous reliable grid. go emerson software. go science people. go breakthrough meds and safe science. go space age welds for super silent cars. go big. or go home. from software that delivers new cures at warp speed, to technology that makes clean energy reliable, emerson innovation helps make the world healthier, safer, smarter and more sustainable. go boldly. emerson. it's easy to get lost in investment research. introducing j.p. morgan personal advisors. hey david! connect with an advisor to create your personalized plan. let's find the right investments for your goals. okay, great. j.p

global news, 24 hours a day, on air and on bloomberg origionals, powered by more than 2700 journalists and analysts in more than 120 countries. kathleen. >> still ahead, more on the alibaba plans to separate in situ -- into six divisions and standalone countries and why tencent may want to follow suit. this is bloomberg. ♪ >> take a look at how australian assets are trading as we get into the inflation meeting today. we are expecting it to be soft enough potentially to add to that final picture as we into the rba meeting. altering -- bolstering the case for the central bank deposit week. we see a downside becomes a broader equities trading. a quarter of 1% lower. we are watching a little bit of the aussie dollar being on the back foot despite the delegate set for the lowest price -- dollar gauge set for the lowest price in eight weeks. >>. the next guest says the bending turmoil may be a blessing in disguise it likely means the fed will and rate hikes sooner than later. she is achieve market strategist at invesco. is it possible that come what you're saying is, it will hit credit enoug

global news, 24 hours a day, on air and on bloomberg quicktake, powered by more than 2700 journalists and analysts in over 120 countries. this is bloomberg. the new chase ink business premier card is made for people like sam who make...? ...everyday products... ...designed smarter. like a smart coffee grinder - that orders fresh beans for you. oh, genius! for more breakthroughs like that... ...i need a breakthrough card... like ours! with 2.5% cash back on purchases of $5,000 or more... plus unlimited 2% cash back on all other purchases! and with greater spending potential, sam can keep making smart ideas... ...a brilliant reality! the new ink business premier card from chase for business. make more of what's yours. jonathan: good morning. equity features my intent of 1% -- 9/10 of 1%. 5355 on the two-year. look at the ubs, positive in swiss trading up 1.5%. tom: a culture as well as a nation of three languages. right? georgia, how are you doing. this is a guy who is good at academics. he was a footballer? he really wanted to play pro european football. that is really the experience h

global news 24 hours a day on air and on bloomberg quicktake powered by more than 2700 journalists andover 120 countries. i am vonnie quinn, and this is bloomberg. >> still ahead, morgan stanley sees elevated risks ahead for the u.s. equity markets, we will hear from mike wilson, their top equity strategist later this hour. first citizens set to become one of the top 15 u.s. banks following the acquisition of silicon valley bank. more details on that in just a moment. this is bloomberg. ♪ ♪ the new chase ink business premier card is made for people like sam who make...? ...everyday products... ...designed smarter. like a smart coffee grinder - that orders fresh beans for you. oh, genius! for more breakthroughs like that... ...i need a breakthrough card... like ours! with 2.5% cash back on purchases of $5,000 or more... plus unlimited 2% cash back on all other purchases! and with greater spending potential, sam can keep making smart ideas... ...a brilliant reality! the new ink business premier card from chase for business. make more of what's yours. >> united states regulators have accu

global news, 24 hours a day, on air and on quicktake by bloomberg, powered by more than 2700 journalistsalysts in over 120 countries. i'm vonnie quinn. this is bloomberg. haidi: tiktok is said to be considering a split from its chinese parent company bytedance to help address u.s. concerns about national security risks. it comes as tiktok continues to face a review. let's discuss this with our tech reporter in los angeles. what is the context in terms of when we could see a divestiture over an ipo and how would that help on the transparency point of things when it comes to data security? >> this is kind of at the discussion stage among leadership at tiktok at that review. they have tried to bring forward a number of measures investing 1.5 billion dollars in something called project texas to protect u.s. user data. that is meant to address some of the data privacy concerns. this idea of a separation is seen as a last resort. people familiar told myself and my colleagues this is something the chinese government would have to sign off on if it came to fruition. the company has said right no

global news 24 hours a day, on air and on bloomberg quicktake, powered by more than 2700 journalists and analysts in over 120 countries. i am mark crumpton. this is bloomberg. ♪ >> welcome to bloomberg markets. kriti: let's stop right into the price action. on the surface, it doesn't look like it is happening in the equity market. don't worry, it absolutely has. the nasdaq outperforming just a little bit as well. the vix at 820. we were sustainably below 20. what happened? the bond market. we are at 4.08. you can see repricing, when it comes to what the fed is going to do in about 10 days time. the market is now expecting not even a right -- a rate hike at all, a pause altogether. that is really reflected in the 10-year yield as well. 3.49. what will tomorrow bring when we get that cpi report? jon: we will be watching very closely. we are watching financial stocks within the s&p 500. they have been very challenged. we continue to look at dramatic declines for regional banks. first republic with its worst day ever. it is down now 65%. despite some attempts at reassuring the market ove

lisa m: --global news 24 hours a day, powered by more than 2700 journalists and analysts in over 120 countries. this is bloomberg. ♪ >> welcome to bloomberg markets. let's get ticking here on the markets. we are seeing a little uplift on the s&p. we are off the highs of the session. nasdaq rolling over a bit. the nasdaq 100 was up 20% from its december 2022 low. but it could not hold onto that. one possible reason is what is happening with the two year yield, now up a whopping 22 basis points. in alex closer to pricing in a rate hike when it comes to may. what is holding up the overall indices is the kbw bank index. top performers in s&p up by 2.5%. jon: it's interesting when we look to technology. some stocks cooling off. need a compelling story to get investors excited today. some analyst commentary surrounding roku, which we were covering when it came to the deposits at silicon valley bank, getting a vote of confidence from wall street based on analyst commentary. while bookings have been pretty strong, the cost realities are raising profit margin pressure. there's also a big ques

global news 24 hours a day, on air and on bloomberg quicktake, powered by more than 2700 journalists and analysts in over 120 countries. i am mark crumpton. this is bloomberg. ♪ >> welcome to bloomberg markets. i am amber, in for jon erlichman. kriti: green on the screen. i would not call it a ton of conviction. nursing s&p 500 volume down on the day, relative to a 10 day average, higher by only 0.4%, paring gains as we get closer to the closing bell. certainly something to keep an eye on. the bond market selling off, perhaps all incorporation for the testimony we will get for chairman powell and congress over the next two days. as you start to see that move lower in yields as well, paring back the initial move higher, the dollar falls unchanged at the moment. the tick by tick is what matters here. a quick check on the commodity market. simek screwed trading with an 80 handle. amber: one of the influential movers today is apple in everson one of the major industries. the headlines continue to fly. it is throwing in the towel on crypto. the stock is rallying a little bit on that. ritc

global news 24 hours a day, on air and on bloomberg originals, powered by more than 2700 journalists and analysts in over 120 countries. i am john hyland. this is bloomberg. ♪ >> welcome to bloomberg markets. kriti: let's start right with the price action here. this is the day before the fed major historic policy decision. you are seeing green on the screen for the s&p 500. nothing to scoff at here. only -- almost 0.9% gain. you're seeing tech outperformance, which is crucial as they talk about sustainability and the breadth of the stock market rally. i will let you dive into the specifics. the idea that just perhaps the treasury department, fbi see, and federal reserve might extend the limits on deposited insurance, that is important when it comes to confidence in the banking sector broadly. and the potential m&a in that sector as well pushing stocks higher. we should talk about the bond market. at the end of the day, it comes down to what the federal reserve is going to do tomorrow. you are looking at a 10-year yield of 3.58. go to the front end of the curve, that move is even bigg

global news, 24 hours a day, on-air and at bloomberg quicktake, powered by more than 2,700 journalistss in more than 120 countries. i am vonnie quinn. this is bloomberg. haslinda: flushing warnings, even with the market meltdown showing signs of abating. several bank hawks from washington to brussels saying the same thing. inflation and further rate rises. the next -- the latest policy outlooks, next. this is bloomberg. ♪ rishaad: markets are on an upswing in a moment. tech leaving the chinese benchmarks. the tough a look at the guiding factors around the market zeitgeist. they are essentially sending the same message. that is that inflation remains far too hot. more interest rate hikes are needed to still cool it down. kathleen hays is with us. another round of fed speak, higher rates then inspected -- expect did. >> fed officials say they think we might have to do a couple more rate hikes. the taste that way, we might have to do more than that. let's start with the fed reserve governor. he said, if we see these hot numbers cooling off, a couple more rate hikes and we could be ready t

thank you forjoining us on bbc news —— 24 thank you forjoining us on bbc news —— 21l hours.h lots of snow on the ground across northern hills in particular. this was derbyshire. notice this line of cloud working in. that is the first sign of a weather front, and through the afternoon that has been bringing some snow back to conwy in north wales. at the moment we have 20 centimetres of snow across parts of north wales, 19 centimetres on the ground and the staffordshire moors, but it could be more just for a time from this weather front that is just edging in. the snow is only going to be affecting hills, so low down, we are looking at outbreaks of rain moving in tonight. across northern england and scotland, above 200 metres elevation you could get a few centimetres, across some of the highest hills above 400 metres, as much as 5—10 centimetres is possible before milder air works in and the snow turns back to rain. it is going to be a mild night for most, 5—8 degrees by dawn, the frost becoming limited to northern areas of scotland. by sunday that weather system continues to

global news 24 hours a day, on air and on bloomberg quicktake, powered by more than 2700 journalistss in more than 120 countries. i am vonnie quinn. this is bloomberg. haidi: let's take a look at some early movers. annabelle: keeping an eye on was happening with snm entertainment. -- sm entertainment. we are seeing sm entertainment rise above, to cow entertainment upping the state to around 40%. conflicts. hybe was looking to buy shares. there are a lot of movers in the session, it's all focused around the fed, jay powell indicating rates are moving higher and faster than previously expected. we are seeing big tech weakening. futures are flat. another sector we are focusing on what is happening in the oil space. we are seeing wti falling below support levels, again, we are seeing names declining at the start of trade. you can see wti off one half a percent. big keeping an eye on japanese automakers in the session. we see the japanese yen slide to a mid-december low against the dollar. you can see it there. also, we're keeping an eye on the sun. it's been cut to junk. the stock fallin

war when the invasion just happened it was a shock for everyone these events were broadcast on the news 24ple were very involved everyone was following the situation but it is human nature that people get tired over time these events no longer attract the same attention they are no longer on the front pages newspapers, this is exactly what i want vladimir putin and we have to prevent this, and this is my job together with congresswoman democrat marsicaptor and other co-chairs of the ukrainian focus, as a member of the intelligence committee in the house of representatives. i also have direct contact with committee on foreign affairs and was a member of the delegation at the security conference in munich, now i have become a member of the nato parliamentary assembly, so i will also visit brussels in matters of the alliance on all these platforms, i will be a constant and consistent advocate and voice of ukraine what would you like to say to the ukrainian people today everything stay brave america will cover your back there will always be announced regionals of the extreme left or right they

jonathan: what a move in the last 24 hours, live from new york city this morning, good morning, this is bloomberg surveillance on tv and radio. futures are positive zero .4% on the s&p 500. 8:30 a.m. eastern time, cpi in america. that is the biggest reappraisal of fed policy in a single 24 hours. tom: i think we've ever seen. you've got to go back to the independence of the fed and 1952 to get historical perspective. people are alluding not to 08 but 98 which is different set of cards. i want to know where five or six banks are. i've been watching credit suisse this morning. what people want to know including our sophisticated audience, should i move my money? jonathan: credit suisse is lower this morning by 4.5%. first republic, absolutely bashed in the last couple of days with that stock bouncing by little more than 20%. we've gone from north of 5% to below 4% all in three days, unbelievable. got 25 basis points on her hands on the two year yield. i've got goldman, wells fargo, barclays and others looking for a pause. pimco suggested that maybe the fed pauses in march. i share this

global news, 24 hours a day on air and on quicktake, powered by more than 2700 journalists and analystsn more than 120 countries. i am vonnie quinn. this is bloomberg. >> i put in has welcomed xi jinping for three days of talks. allowing them to present the peace plan. david ingles is in hong kong. keenly awaiting any developments. what is the key takeaway? >> the key takeaway is what can xi jinping do to get blood may put into come to a negotiating table with the other parties. the issue is not between moscow and beijing. they have that no limits partnership. xi jinping did not reiterate that pledge of a no limits partnership. we all know every relationship has limits and the war in ukraine since that pledge was made before the war started more than a year ago has been tested. the key takeaway could be if xi jinping goes to moscow which he is there for three days starting yesterday, can he move putin? can he persuade him to back off on the work? that would be progress. so far, everything before the cameras has been less about the war and more about their relationship. let me paraphrase

global news, 24 hours a day, on air and on bloomberg quicktake, powered by more than 2700 journalists120 countries. i am vonnie quinn. this is bloomberg. haslinda: still ahead at this hour, we get analysis from lgt wealth about how the level banking turmoil is affecting india's financial sector. rishaad: plus, air earlier says it is in talks to file a world record holder for 417 aircraft. chief executive kamber wilson gives us the details later this hour. this is bloomberg. ♪ haslinda: welcome back. it is looking pretty cold in the market. the hang seng app 0.4%, -- looking pretty calm. bank stocks having a revival. hstech is up 0.5 percent. still with us is sailesh jha, chief economist and head of market research at rhb banking group. if you take a longer-term perspective and look beyond the expectations of recession, how should you be positioning? sailesh: our core messages really are, as i mentioned, that the dust will settle by mid-may. so from now until mid-may, there will be plenty of opportunities in investing in risky assets. our topic on a global basis is going along the u.s.