octavio marenzi. stay with bloomberg.w on a special edition of wall street week david westin will be interviewing brian moynihan at 5:00 new york time. definitely talking about loan growth and investment banking. we are settling out. the dax a little bit light, little off the lows, down .1%. the cac 40 up .4%. driven by lvmh. the leisure trade. ftse 100 the upper former, but volume still superlight across europe. coming up, coinbase indicating to open about 359 .40 five cents -- $359.45 per share. we will break that down for you. this is bloomberg. ♪ ritika: i am live in the principal room. coming up, wells fargo cfo at 4:00 new york, 9:00 in london. this is bloomberg. alix: live from new york, i am alix steel. this is "european close." coinbase opening at 349 -- at $349.45. joining us is sonali basak. what is the price going to be? sonali: we have the price a little higher at $360. to get to the 100 billion valuation the price we need to be around $382 point -- $382.70. pretty typical for a listing. does the coinbase val

octavio: they've said close to $5 billion for archegos.nk the bigger issue is there might be more of these lying out there, so there might be more skeletons in the closets. if this has been their approach to risk management, to take insane naked bets with hedge funds of this sort, there must be others. if they approved this, they must have approved some other crazy things. bear in mind, the markets have been really good over the past year. it has been quite difficult to lose money in equities over the past year. racking up these kinds of losses really makes you think, what happens if there's a correction in the market? what happens if the market goes down 10%, 15%? where is credit suisse going to stand then? guy: how much reputational damage has there been? this is what i am trying to quantify because this is going to bleed out into every aspect of this company's operations. octavio: i think there's definitely a big reputational risk here in terms of risk management. it is going to take a big, ongoing hit on their stock price, where invest

politicians are saying now octavio i know there's a lot of talk about this global tax but it doesn't seem like we've seen a lot of lobbying necessarily from other governments around the world specifically in europe does it seem like some of those other u.s. allies are just waiting to see how those plans out before they start to jump in and speak out against it. well i think most countries like the idea of having a global minimum tax and not competing with each other on attack spaces so they sort of fundamentally like that and think that's a good idea but the flipside of that is some of them think well we could probably come under the radar screen and lower taxes in some other way we could keep the headline tax of 21 percent the way the biden straight is asking everyone to implement and then we could have all salute polls and deductions and things that we can attract the foreign investment into our country so they mean might well be successful in terms of guessing most major countries to agree to a headline 21 percent corporate tax rate but then they're going to sort of other and also

fue Éste colectivo feminista que exhibe a travÉs de las redes socialesal agresor octavio garcÍa limÓn de roxana delgado, una conductora venezolana que desapareciÓ en georgia hace dÍas y cuyo cuerpo fue encontrado por la policÍa cuando revisaban una casa. todos los sospechosos se creen que huyeron de georgia y existe la posibilidad de que haya un quinto sospechoso. carolina: el icono de la salsa se recupera de un grave accidente de trÁfico que sufriÓ junto a su esposa en carolina del norte y en el que afortunadamente no hubo mÁs vehÍculos implicados. el mÚsico tuvo conmociÓn cerebral, fractura de cervicaly su esposa tuvo laceraciones pero fue tratada y afortunadamente dada de alta willy estÁ en condiciÓn grave pero estable y serÁ llevado a un hospital de nueva york. esperemos que se recupere pronto. borja: es un icono de la mÚsica y queremos tenerlo mucho mÁs tiempo aquÍ. se celebrÓ la gala nÚmero 93 de los oscars en el que se destacaron las mujeres y tambiÉn hubo hispanos entre los que se destacaron las mujeres y tambiÉn hubo hispanos entre los premianueva masa rellena? lo logramos...

in jeffrey dungarees the editorial director with the american institute for economic research and octavio the c.e.o. of optimists l.l.c. thank you both for joining the show today octavia i want to start with you this latest report seems like it's the clearest indication that inflation is mounting and feeding its way through to higher consumer prices is this increase temporary as j. paul tends to say or are we at risk of a runaway runaway inflation. well i think i think the balance that risk looks like we're looking at about of inflation coming our way but bear in mind that despite all the money that the fed has been pumping into the markets we really haven't seen that much translate into into real sort of headline inflation rates it's been a lot of inflation the market has no room for inflation housing when you really get down to the consumer prices has been fairly tame and i think that's explained by the fact that a lot of consumers would put money on the side and have not been spending that money so if you look at bank deposits the through the roof american consumers have put more money

of openness i'll see now octavio last week's earnings were dominated by big banks now we're waiting for companies that are seen as a more reliable indicator of where the economy actually is how big of a role do you see those reports playing in the market. well of course comedic stream important i mean you're quite right the banks came out last week they did quite nicely i think overall better than we really expected particularly investment banking trading side where they did phenomenally well but you're right it's not necessarily a good bellwether for the economy at all but the bank results did provide some insight into tone in terms of where loans are going who's borrowing money has not boring money but now we're going to see a much much broader range of companies coming out with their earnings we expect to see earnings of the s. and p. $500.00 go up about 25 percent this quarter and in fact next quarter go up even more but i think the real problem in terms of comparables because we're comparing this to the same period last year and of course last year in q one of 20202020 we had parti

of rolled back some cuts and then had to reinstitute them as well i want to take a look at markets octavio the 3 major indices here in the united states all not positive growth for the 1st quarter of the year the dow grew 7.8 percent the nasdaq was up 2.8 percent and the s. a p. $500.00 and now an all time highs up 58 percent meanwhile things are still going up thursday after the announcement of president biden's big infrastructure package do you see this market momentum sustainable or are we really in for more of a correction. well you know they going to say that the trees don't grow to the sky that we're sort of testing that theory here at the moment with the stock prices so i think the driving force is really not been so much the infrastructure spending stimulus bill where actually really good it'll actually gets its way into infrastructure stimulus which is kind of interesting if you read through that i think the driving force has really been the fed and them pumping a lot of money i mean a very loose monetary policy and that has helped equity markets tremendously so as long as they ke

francisca: julio hace una confesiÓn a octavio.s. fabiola: buenos dÍas. es que fema pide paciencia, ya que la linha 1800 un nÚmero que vamos a dar en unos momentos recibiÓ mÁs de 1,000,000 de llamadas ayer cuando salieron las solicitudes para aquellas personas que tuvieron gasto por funerales debido al coronavirus. como recordaremos mÁs de 500,000 personas han fallecido en el paÍs debido a este virus. veamos. el gobierno federal considera los funerales por muertes de coronavirus como un desastre por el que le permiten a miles de familias solicita reembolso por gastos ocasionados por los funerales. el fallecimiento debe haber ocurrido entre el 20 de enero de 2020 y diciembre del mismo aÑo. fema dice que el monto del reembolso tiene como lÍmite $9000 por funeral y un mÁximo de $35,000 por solicitud. para ser elegible tienes que comprobar que el deceso ocurriÓ en estados unidos, presentar un certificado de fallecimiento por coronavirus. el solicitante debe ser ciudadano estadounidense o residente permanente. no es un requisito que la

mayor interpreta el personaje de melissa cuando era joven y la mÁs pequeÑa es la de los papÁs de octaviota hora? resulta que una adolescente de coloradono sÓlo ofrecÍa alimentos a los mÁs necesitados sino tambiÉn les levanta el Ánimo con postales hechas a mano. con la ayuda de sus padres las entrega a personas sin hogar. y cuenta que lo que comenzÓ como algo que hacÍa para sÍ mismaterminÓ siendo una lecciÓn de amor en tiempos difÍciles. giselle: nosotros debemos enseÑarle a nuestros hijos a ser agradecidos y compartir las bendiciones que recibimos con otras personas. enrique guzmÁn rompe en llanto frente a las acusaciones de abuso de su nieta frida sofÍa. >> pendientes a la semifinal de mira quien baila por quÉ hoy nos cuentan lo que podemos esperar en la gran gala. >> un artista profesional golpea a un espectador con una pelota con un tiro. no vas a creer quiÉn es la vÍctima >> 23 aÑos siendo el programa que siempre te devuelve la ♪ ♪ tenemos el poder de aprovechar la abundancia de energía solar y eólica de california. pero no está disponible todo el día. usa menos energía de 4 de la ta