you could hire an office full of peyton mannings. what's up, peyton? good morning, peyton.old for peyton. they'd huddle.... welcome to the peytonverse. such a visionary. game plan... you go. no, you go! and call audibles... double our investment in omaha! omaha! omaha! omaha! or you could use workday. omaha. the finance, hr and planning system used by over half of the fortune 500. for a be-agile-like-an-mvp world. workday. for a changing world. >> this is all about the wearable position that people are now because of the inflation cost, whether it be gasoline, food pricing or energy pricing, it is driving inflation. this is aggressively producing more energy to get more supply to get the prices down. jonathan: that was over the weekend. good morning. futures are down just a touch. no drama here in the market. drama, potentially in taiwan. the latest from cnn. u.s. house speaker nancy pelosi is expected to visit taiwan as part of the tour of asia. tom: the secretary will be with us later on surveillance this morning. we will digress. watching the pelosi story. with the atten

you could hire an office full of peyton mannings. what's up, peyton? good morning, peyton.d for peyton. they'd huddle.... welcome to the peytonverse. such a visionary. game plan... you go. no, you go! and call audibles... double our investment in omaha! omaha! omaha! omaha! or you could use workday. omaha. the finance, hr and planning system used by over half of the fortune 500. for a be-agile-like-an-mvp world. workday. for a changing world. kriti: this is bloomberg markets. i'm kriti grouped up. it china will resume quarantine free travel from macau as the city recovers from its worst ever covid-19 outbreak. joining us is senior scholar at the johns hopkins center for health security at the bloomberg school of public health. thank you for joining us. this is a pretty big moment when it comes to china's policy and when it comes to covid as well. i'm curious on the timeframe it will take coming in and out of these covid lockdowns. will this policy go away anytime soon? gigi: we have to wait and see but it is certainly encouraging news that the strategy is being offered. it

you could hire an office full of peyton mannings. what's up, peyton? good morning, peyton.old for peyton. they'd huddle.... welcome to the peytonverse. such a visionary. game plan... you go. no, you go! and call audibles... double our investment in omaha! omaha! omaha! omaha! or you could use workday. omaha. the finance, hr and planning system used by over half of the fortune 500. for a be-agile-like-an-mvp world. workday. for a changing world. caroline: this is bloomberg markets. the owner of i happen apples be -- in applebee's with earnings numbers. earnings were down a little bit compared to a year ago but cautious optimism seems to be in the equation most john peyton is coming to us. as you navigate a backdrop that is challenging, how do you see your diners responding to the inflation worries in the economy? >> thanks for having us. what we have proven during the last quarter is that our brands have been very resilient because they are known as value-oriented brands. what we've seen in terms of traffic going the quarter was surprisingly strong given what's happening wit

you could hire an office full of peyton mannings. what's up, peyton? good morning, peyton.d for peyton. they'd huddle.... welcome to the peytonverse. such a visionary. game plan... you go. no, you go! and call audibles... double our investment in omaha! omaha! omaha! omaha! or you could use workday. omaha. the finance, hr and planning system used by over half of the fortune 500. for a be-agile-like-an-mvp world. workday. for a changing world. this is xfinity rewards. our way of showing our appreciation. with rewards of all shapes and sizes. [ cheers ] are we actually going? yes!! and once in a lifetime moments. two tickets to nascar! yes! find rewards like these and so many more in the xfinity app. >> now keeping you up to date with news from around the world. prime minister justin trudeau says canada is potentially willing to ease regulatory hurdles for building infrastructure to support liquefied natural gas to germany, but only if it makes economic sense to do so. german chancellor scholz is on a three-day visit to canada as part of a push to find alternative sources of

that report by sandra peyton manning cobbled, i asked her, what's the way out of this di, situation? there doesn't seem to be an easy way out. the trajectory is actually that the situation is getting more dire, because right now the international community, namely the united nations, up providing essential food items to about half the population, 20000000 people. and they will have to continue to do that because the economy around us, despite the fact that there are still local markets and the way the economy is collapsing and increasing number of people is job less. we met a lot of people who are really very keen to leave the country, many fearing the economic down for much more than their security situation. and i myself, personally, am wondering for how long the international community will be able to keep up this huge international humanitarian effort. when you have a look around the work because there are other crisis ongoing as well and i've gone to stun might be one of those forgotten crisis. and in that time to come. and another issue there is this clamped down on women's rig

just announced you're hosting the cma awards in november with first-time cohost peyton manning?a lot, you know. he's hired me to be his, you know, roving peyton supporter. but peyton and i, we've got a 10-year friendship, maybe even longer. thank god, after all these years, i've gotten a little more comfortable in that spot. so it's going to be fun to see if peyton -- he's been in high-profile football games and moments through the years, see if he gets a little jittery before we go out there. it's going to be fun to have him bring his sense of humor to the cma stage. and there will be no shortage of he and i roasting each other up there. >> reporter: the georgia native began his music career as a songwriter for other artists when he got to nashville in 2001. ♪ rain is a good thing ♪ >> reporter: bryan scored his first number one hit with "rain is a good thing." singles like "country girl" became fan favorites. ♪ country girl shake it for me girl shake it for me ♪ >> reporter: these days, bryan is country music royalty. racking up 29 number one songs and over 17 billion streams

you could hire an office full of peyton mannings. what's up, peyton? good morning, peyton.yton. they'd huddle.... welcome to the peytonverse. such a visionary. game plan... you go. no, you go! and call audibles... double our investment in omaha! omaha! omaha! omaha! or you could use workday. omaha. the finance, hr and planning system used by over half of the fortune 500. for a be-agile-like-an-mvp world. workday. for a changing world. >>

you could hire an office full of peyton mannings. what's up, peyton? good morning, peyton.for peyton. they'd huddle.... welcome to the peytonverse. such a visionary. game plan... you go. no, you go! and call audibles... double our investment in omaha! omaha! omaha! omaha! or you could use workday. omaha. the finance, hr and planning system used by over half of the fortune 500. for a be-agile-like-an-mvp world. workday. for a changing world. emily: welcome back. ed is back with the latest earnings results. ed: it doesn't look great after hours. this was the first time investors got a look under the hood of this combined entity one discovery. across hbo max, they added 1.7 million net new subscribers. they weren't the only streaming name to report earnings this thursday. paramount is up. across paramount plus, it added 3.7 million subscribers in the quarter. it is seeming to get some traction in its user base. what they both had in common was the ad business underperforming. that's surprising given what we have heard in the market in recent weeks. we have zeroed in on who's d

you could hire an office full of peyton mannings. what's up, peyton? good morning, peyton.r peyton. they'd huddle.... welcome to the peytonverse. such a visionary. game plan... you go. no, you go! and call audibles... double our investment in omaha! omaha! omaha! omaha! or you could use workday. omaha. the finance, hr and planning system used by over half of the fortune 500. for a be-agile-like-an-mvp world. workday. for a changing world. francine: welcome back. we are 41 minutes into the european trading day. yesterday, nancy pelosi went to taiwan, what would happen, not much has happened. we are seeing the military drills china said they would impose -- practice from today. the straight means there is -- some lng shipments having to go around. we are looking at the german chancellor giving a press conference. this extremely important, talking about some of these gas shipments under constant threat. he is saying germany is taking steps to prepare for a difficult time. it does seem like he is expecting for it to happen. a full embargo from russia. we know they have a five p

you could hire an office full of peyton mannings. what's up, peyton? good morning, peyton.r peyton. they'd huddle.... welcome to the peytonverse. such a visionary. game plan... you go. no, you go! and call audibles... double our investment in omaha! omaha! omaha! omaha! or you could use workday. omaha. the finance, hr and planning system used by over half of the fortune 500. for a be-agile-like-an-mvp world. workday. for a changing world. >> time for our crypto report. the usually by local -- volatile bitcoin has been sterilizing -- stabilizing. >> it has been a difficult time and i was with a bunch of the miners in miami. the mood is a little bit darker. bitcoin being under 20,000 is not good for anybody. if you are a buyer of machines here, you're getting a much better price than eve ago. it was held down a little bit by the macro. this is relative to the 60 day. it flips positive in the last week right after being negative. i think the capitulation phase is online. i think that speaks to the general strategy that people should have around the balance sheet. i think it is

you could hire an office full of peyton mannings. what's up, peyton? good morning, peyton.d for peyton. they'd huddle.... welcome to the peytonverse. such a visionary. game plan... you go. no, you go! and call audibles... double our investment in omaha! omaha! omaha! omaha! or you could use workday. omaha. the finance, hr and planning system used by over half of the fortune 500. for a be-agile-like-an-mvp world. workday. for a changing world. >> what is happening into this? this is the latest etf friday. >> it seems like there is a lot in the idea of the fed pivot, the fed was going to back off rate hikes. you can see small caps are up there. those are s&p 500 tracking funds. this tracks long dated treasuries. this is a real risk heading into the number. you do see the s&p 500 trying to go positive. we will see if investors were right. if you look at kathy woods, she is joining etf iq on monday, you see a lot of love for the art innovation. her flagship fund is still sitting on $1.8 billion this year. that is even with a 47% drawdown. maybe risk assets are going to rally. g

you could hire an office full of peyton mannings. what's up, peyton? good morning, peyton.r peyton. they'd huddle.... welcome to the peytonverse. such a visionary. game plan... you go. no, you go! and call audibles... double our investment in omaha! omaha! omaha! omaha! or you could use workday. omaha. the finance, hr and planning system used by over half of the fortune 500. for a be-agile-like-an-mvp world. workday. for a changing world. ♪ manus: together on "bloomberg daybreak: europe." it is friday with manus cranny in dubai, dani burger in london. big split at tesla. dani: that's right. they had their agm last night. the carmaker approved a stock split. it did not disappoint. joining us now is bloomberg's laura wright. let's start with the stock split. what is the significance of it? laura: it is going to democratize tesla's share price. it is a three to one stock split. it will make tesla more affordable for highly engaged retail investors. the last time tesla engaged in a stock split was in august of 2020. the expectation is that will it -- that it will bring down tes

you could hire an office full of peyton mannings. what's up, peyton? good morning, peyton.peyton. they'd huddle.... welcome to the peytonverse. such a visionary. game plan... you go. no, you go! and call audibles... double our investment in omaha! omaha! omaha! omaha! or you could use workday. omaha. the finance, hr and planning system used by over half of the fortune 500. for a be-agile-like-an-mvp world. workday. for a changing world. millions have made the switch from the big three to xfinity mobile. that means millions are saving hundreds a year on their wireless bill. and all of those millions are on the nation's most reliable 5g network and most recommended wireless carrier. that's a whole lot of happy campers out there. and it's never too late to join them. get $450 off any new purchase of an eligible samsung device with xfinity mobile. or add a line to your plan today at xfinitymobile.com >> the following is a paid program. the opinions and views expressed do not reflect those of bloomberg lp, its affiliates, or its employees. its employees. >> the following is a pa

you could hire an office full of peyton mannings. what's up, peyton? good morning, peyton.old for peyton. they'd huddle.... welcome to the peytonverse. such a visionary. game plan... you go. no, you go! and call audibles... double our investment in omaha! omaha! omaha! omaha! or you could use workday. omaha. the finance, hr and planning system used by over half of the fortune 500. for a be-agile-like-an-mvp world. workday. for a changing world. >> this is bloomberg markets. we have three federal reserve officials and the one powerful message. just one priority remains to bringing down inflation and there is still a long way to go. the fed said they would pivot and start finding recession but what did they say exactly and why? it was really a statement of intent. >> in my view, that has not changed. the fed has had one single message. what has happened is people in the markets, investors, traders have decided the economy is slowing down, there will be a recession. in fairness to many of those people, they have not been around long enough to look back to the 1970's and 1980's

you could hire an office full of peyton mannings. what's up, peyton? good morning, peyton.for peyton. they'd huddle.... welcome to the peytonverse. such a visionary. game plan... you go. no, you go! and call audibles... double our investment in omaha! omaha! omaha! omaha! or you could use workday. omaha. the finance, hr and planning system used by over half of the fortune 500. for a be-agile-like-an-mvp world. workday. for a changing world. millions have made the switch from the big three to xfinity mobile. that means millions are saving hundreds a year on their wireless bill. and all of those millions are on the nation's most reliable 5g network, with the carrier rated #1 in customer satisfaction. that's a whole lot of happy campers out there. and it's never too late to join them. get unlimited data with 5g included for just $30 a line per month when you get 4 lines. switch to xfinity mobile today. francine: welcome back to the open, everyone. 30 minutes of the european trading day and here are your top stories. china starts three days of military exercises around taiwan i

you could hire an office full of peyton mannings. what's up, peyton? good morning, peyton.r peyton. they'd huddle.... welcome to the peytonverse. such a visionary. game plan... you go. no, you go! and call audibles... double our investment in omaha! omaha! omaha! omaha! or you could use workday. omaha. the finance, hr and planning system used by over half of the fortune 500. for a be-agile-like-an-mvp world. workday. for a changing world. david: the state of play across your equity markets right now mixed. mostly lower. singapore just managing to hold the fort but obviously not enough from an influence perspective. let's turn our attention to the primary exchange, annual profits increased nearly 6%. you're also looking at higher operating revenue in record year. net profit coming in just 509 million aussie dollars up from 480 from a year back. let's get a sense of what the business looks like now. what drilled these numbers and what will continue to drive the numbers ahead. joining us is the new ceo of a sx. it is unfair for me to start asking about the year that has passed

you could hire an office full of peyton mannings. what's up, peyton? good morning, peyton.r peyton. they'd huddle.... welcome to the peytonverse. such a visionary. game plan... you go. no, you go! and call audibles... double our investment in omaha! omaha! omaha! omaha! or you could use workday. omaha. the finance, hr and planning system used by over half of the fortune 500. for a be-agile-like-an-mvp world. workday. for a changing world. kriti: this is bloomberg markets. let's look at a stock that is all around -- palatine. it has been a whirlwind week. more signs that a comeback is still far off. joining us now is our resident in-house expert on all things stock. 24 hours ago, we were talking about college funds we bond and then earnings hit. >> it has been a wild ride. looking at the earnings report, it forecast the week outlook and posted a loss of about $1 billion. that goes to show how many problems they are having when it comes to sales. this comes a day after they announced this potential plan with amazon, broadening the scope of bikes and accessories that people ca

about your teammates and peyton has the respect of his teammates, i can remember last year we put a young manay atkins, i talked to peyton about it you continue to do right. i want to reward you going forward as well. and he told me, coach, trey was so deserving, i am so happy for him. great to see everything come full circle. now peyton cany rewarded with a scholarship also. trey: you know coach, everyone in the world is not obsessed with college football like i am, they may not know that there is a limit on the number of scholarships you can have. if i would know shane beamer would put everyone on scholarship but that is not an option. >> you are right. we over power 5 college football program we have 85 scholarships, we have 120 young men on the team some, schools have more. but we have 120. but only 85 of those guys or scholarships, we have a large number of our players that are paying their way to do all things you talked about in the opening. trey: you would know better than i, i think peyton is a special teams performer, and starts on some of our special teams unit and a wide receiver,

you could hire an office full of peyton mannings. what's up, peyton? good morning, peyton.old for peyton. they'd huddle.... welcome to the peytonverse. such a visionary. game plan... you go. no, you go! and call audibles... double our investment in omaha! omaha! omaha! omaha! or you could use workday. omaha. the finance, hr and planning system used by over half of the fortune 500. for a be-agile-like-an-mvp world. workday. for a changing world. >> let's quickly check markets and have a look at some of these moving industry groups. this is the hong kong tech index. you can see two stocks on the way up. let's look at the likes of tencent, they have sales declining again. it will be comparable. we have some of the major gains they do have. this is uproar -- a poor performance, really. quick the bottom of the barrel there is vip electronic. there is earnings story. those are all dropping ahead of earnings as well. we are watching higher smartphone earnings. but certainly, it is a fed story as well. tech is seeing a bit of pain here. the dollar seems to be contributing -- contin

you could hire an office full of peyton mannings. what's up, peyton? good morning, peyton.for peyton. they'd huddle.... welcome to the peytonverse. such a visionary. game plan... you go. no, you go! and call audibles... double our investment in omaha! omaha! omaha! omaha! or you could use workday. omaha. the finance, hr and planning system used by over half of the fortune 500. for a be-agile-like-an-mvp world. workday. for a changing world. >> we are seeing demand destruction across the board. policy in china could reverse in the fall but the charts don't lie. we are continuing to be neutral on energy. jonathan: that was mike wilson of morgan stanley. good morning. tom keene, lisa abramowicz and jonathan ferro. futures positive. yields high yesterday by 18 basis points on a two-year. everyone lying up -- lining up to say this and then the markets responded like they were surprised. if you like the fed speak, you get more of it today. harker, daily, that is your lineup for today. tom: we have to stop here. i thought forward guidance was dead. we did we get that memo -- didn'

you could hire an office full of peyton mannings. what's up, peyton? good morning, peyton.d for peyton. they'd huddle.... welcome to the peytonverse. such a visionary. game plan... you go. no, you go! and call audibles... double our investment in omaha! omaha! omaha! omaha! or you could use workday. omaha. the finance, hr and planning system used by over half of the fortune 500. for a be-agile-like-an-mvp world. workday. for a changing world. >> the much-maligned 60-40 portfolio. >> 60-40 portfolio, generally speaking for most investors, would make sense. >> we need to give it some more time. there may be better ways to go than 60-40 but as a base case it makes a lot of sense. >> 40% in bonds is closer to five or 10. i think they are increasing it pretty dramatically at the moment as they are looking for secure yields. >> going outside into real assets, real estate, private equity, private credit can be a healthy addition and diversify your returns. 60-40 has been a challenging exposure to have. manus: our bloomberg guests on the 60-40 portfolio split. let's get the first w

you could hire an office full of peyton mannings. what's up, peyton? good morning, peyton.on. they'd huddle.... welcome to the peytonverse. such a visionary. game plan... you go. no, you go! and call audibles... double our investment in omaha! omaha! omaha! omaha! or you could use workday. omaha. the finance, hr and planning system used by over half of the fortune 500. for a be-agile-like-an-mvp world. workday. for a changing world. >> >> keeping >> you up-to-date with news from around the world. this is krita gupta. four american movie and be a star brittney griner. china has begun military drills around taiwan. one of the exercises involve missiles being fired into the sea. taiwan is downplaying the effect of the drills on shifting and airplane routes. there will be another return to save the landmark -- from ron and u.s. after meeting --. four years ago we impose sanctions on the iranian economy. 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 ritika gupta. this is bloombe

you could hire an office full of peyton mannings. what's up, peyton? good morning, peyton.for peyton. they'd huddle.... welcome to the peytonverse. such a visionary. game plan... you go. no, you go! and call audibles... double our investment in omaha! omaha! omaha! omaha! or you could use workday. omaha. the finance, hr and planning system used by over half of the fortune 500. for a be-agile-like-an-mvp world. workday. for a changing world. this is xfinity rewards. our way of showing our appreciation. with rewards of all shapes and sizes. [ cheers ] are we actually going? yes!! and once in a lifetime moments. two tickets to nascar! yes! find rewards like these and so many more in the xfinity app. alix: disney stock up by about 1.3% off the highs it commuted position in the stock. creighton harrison joins us on the phone. what do we know about with third point wants to do? >> they have several suggestions. it seems like a relatively friendly outreach. the letter is prefaced by praise for their most recent quarter. there are several suggestions and acknowledging some of these

you could hire an office full of peyton mannings. what's up, peyton? good morning, peyton.r peyton. they'd huddle.... welcome to the peytonverse. such a visionary. game plan... you go. no, you go! and call audibles... double our investment in omaha! omaha! omaha! omaha! or you could use workday. omaha. the finance, hr and planning system used by over half of the fortune 500. for a be-agile-like-an-mvp world. workday. for a changing world. heidi: signs are emerging that the rbn is hiking rate hikes. when we -- kiwi bank says they are facing pressures. mary jo vergara joins us. thanks could over tighten in this scenario -- banks could over tighten in this scenario? >> there is a chance they could deliver a fitness i'll 60 basis point hike. will most likely see a move higher in tort and bank rights and the qe dollar. i think in terms of our call this afternoon, we see the reserve bank deliver its third consecutive 50 basis point hike and a company that with some pretty hawkish commentary -- i don't accompany that with some pretty hawkish commentary. heidi: are they rising rece

you could hire an office full of peyton mannings. what's up, peyton? good morning, peyton.for peyton. they'd huddle.... welcome to the peytonverse. such a visionary. game plan... you go. no, you go! and call audibles... double our investment in omaha! omaha! omaha! omaha! or you could use workday. omaha. the finance, hr and planning system used by over half of the fortune 500. for a be-agile-like-an-mvp world. workday. for a changing world. emily: let's get back to earnings and shares of activision blizzard a touch higher after the videogame maker posted sales that beat expectations, but had little to say about his pending deal with microsoft. ed ludlow is here with the top lines. let's talk about the numbers first. ed: better-than-expected revenue, $1.46 billion. but context, down 15% from a year ago, earnings half of what they were a year ago. it is a weird situation for activision blizzard, with the pending acquisition. the reality is the videogames industry is not as strong right now as it was last year. vanguard which came out in the fall has performed poorly. and fran

you could hire an office full of peyton mannings. what's up, peyton? good morning, peyton.r peyton. they'd huddle.... welcome to the peytonverse. such a visionary. game plan... you go. no, you go! and call audibles... double our investment in omaha! omaha! omaha! omaha! or you could use workday. omaha. the finance, hr and planning system used by over half of the fortune 500. for a be-agile-like-an-mvp world. workday. for a changing world. emily: as families ease into the back-to-school season throughout the country, let's take a look at trends in the world of education technology. duolingo beat analyst estimates during its second quarter. earnings reports boosted its revenue guidance for the year. i want to talk about this and more with eo and cofounder luis. going into a school year has the pandemic boom been keeping up or is it starting to wane? luis: the pandemic was interesting. for us, it was not a crazy boom. we did benefit from the pandemic that we have been growing steadily and a lot of people up asked us if after worse -- afterwards things went down but we did not

you could hire an office full of peyton mannings. what's up, peyton? good morning, peyton.for peyton. they'd huddle.... welcome to the peytonverse. such a visionary. game plan... you go. no, you go! and call audibles... double our investment in omaha! omaha! omaha! omaha! or you could use workday. omaha. the finance, hr and planning system used by over half of the fortune 500. for a be-agile-like-an-mvp world. workday. for a changing world. >> just checking in with airline stocks. we have those cathay pacific earnings in the session on wednesday. a bit of a light at the end of the tunnel. it's regularly on the cargo side of things as well. yvonne: certainly one of the more outperforming airline stocks out there globally as well has been cafe. -- cathay. they have been crunching the numbers in online searchesthingy 300% on the day after the government announced that cut to hotel quarantine for travelers. let's get more from the head of asian consultancy. there is a lot of optimism now that we have seen those hotel quarantine times shortened. how quickly do you think the trav

you could hire an office full of peyton mannings. what's up, peyton? good morning, peyton.ton. they'd huddle.... welcome to the peytonverse. such a visionary. game plan... you go. no, you go! and call audibles... double our investment in omaha! omaha! omaha! omaha! or you could use workday. omaha. the finance, hr and planning system used by over half of the fortune 500. for a be-agile-like-an-mvp world. workday. for a changing world. millions have made the switch from the big three to xfinity mobile. that means millions are saving hundreds a year on their wireless bill. and all of those millions are on the nation's most reliable 5g network, with the carrier rated #1 in customer satisfaction. that's a whole lot of happy campers out there. and it's never too late to join them. get unlimited data with 5g included for just $30 a line per month when you get 4 lines. switch to xfinity mobile today. (announcer) enough with the calorie counting, carb cutting, diet fatigue, and stress. just taking one golo release capsule with three balanced meals a day has been clinically proven to

you could hire an office full of peyton mannings. what's up, peyton? good morning, peyton.d for peyton. they'd huddle.... welcome to the peytonverse. such a visionary. game plan... you go. no, you go! and call audibles... double our investment in omaha! omaha! omaha! omaha! or you could use workday. omaha. the finance, hr and planning system used by over half of the fortune 500. for a be-agile-like-an-mvp world. workday. for a changing world. - in the last two years, we quadrupled our team and the pace we're growing, i couldn't keep up without ziprecruiter. they do the legwork and they get my job posting in front of the right candidates. i love invite to apply. i instantly see great candidates and i can invite them to apply. we have hired across all departments, engineering, marketing, hardware, field techs. you can basically tell ziprecruiter who you need, when you need it, and they deliver. - [narrator] ziprecruiter. rated the number one hiring site. try it for free at ziprecruiter.com try it for free at ziprecruiter.com >>> let's get a gut check on yet another online ret

you could hire an office full of peyton mannings. what's up, peyton? good morning, peyton.r peyton. they'd huddle.... welcome to the peytonverse. such a visionary. game plan... you go. no, you go! and call audibles... double our investment in omaha! omaha! omaha! omaha! or you could use workday. omaha. the finance, hr and planning system used by over half of the fortune 500. for a be-agile-like-an-mvp world. workday. for a changing world. >> the fed is still, oh, we think we can avoid recession, don't think we will hit a slowdown. come on. we are going to go into recession. major economies are going to go into recession. it is not going to be maybe recession as the same way as the financial rices, but it is going to be prolonged. jonathan: we need to do a roundtable. dominic konstam is not taking that path at all. he thinks we can engineer a soft landing. tom keene, lisa abramowicz, and jonathan ferro. going into payrolls. futures right now on the s&p unchanged. on the nasdaq, negative by not even .2%. no real drama here. yields up about a basis point. tom: jobs day, we wil

you could hire an office full of peyton mannings. what's up, peyton? good morning, peyton. huddle.... welcome to the peytonverse. such a visionary. game plan... you go. no, you go! and call audibles... double our investment in omaha! omaha! omaha! omaha! or you could use workday. omaha. the finance, hr and planning system used by over half of the fortune 500. for a be-agile-like-an-mvp world. workday. for a changing world. millions have made the switch from the big three to xfinity mobile. that means millions are saving hundreds a year on their wireless bill. and all of those millions are on the nation's most reliable 5g network, with the carrier rated #1 in customer satisfaction. that's a whole lot of happy campers out there. and it's never too late to join them. get unlimited data with 5g included for just $30 a line per month when you get 4 lines. switch to xfinity mobile today. kailey: announcer: everything you need to get to for the start of yes trading, this is bloomberg the open. lisa: big issue with markets testing the fed. >> markets have been clearing. >> the mark

you could hire an office full of peyton mannings. what's up, peyton? good morning, peyton.d for peyton. they'd huddle.... welcome to the peytonverse. such a visionary. game plan... you go. no, you go! and call audibles... double our investment in omaha! omaha! omaha! omaha! or you could use workday. omaha. the finance, hr and planning system used by over half of the fortune 500. for a be-agile-like-an-mvp world. workday. for a changing world. >> let's get a quick check of the headlines. china vanke reported the rise. they say net income rose 11% compared to the 46% drop last year. china's airline ordered 16 seven boeing airplanes. they have options for eight more of the planes. the boeing jets will replace china's aging airbus. masks, testing, and ordering all staff back to the office five days a week for goldman sachs. a company memo says wearing the masks significantly helps the risk of severe illness. haidi: australia, japan, and korea trade opens in about five minutes. china's steel industry crisis is worsening. we will watch if volatility is putting wheat, corn, and so

you could hire an office full of peyton mannings. what's up, peyton? good morning, peyton.they'd huddle.... welcome to the peytonverse. such a visionary. game plan... you go. no, you go! and call audibles... double our investment in omaha! omaha! omaha! omaha! or you could use workday. omaha. the finance, hr and planning system used by over half of the fortune 500. for a be-agile-like-an-mvp world. workday. for a changing world. this is xfinity rewards. our way of showing our appreciation. with rewards of all shapes and sizes. [ cheers ] are we actually going? yes!! and once in a lifetime moments. two tickets to nascar! yes! find rewards like these and so many more in the xfinity app. millions have made the switch from the big three to xfinity mobile. that means millions are saving hundreds a year on their wireless bill. and all of those millions are on the nation's most reliable 5g network, with the carrier rated #1 in customer satisfaction. that's a whole lot of happy campers out there. and it's never too late to join them. get unlimited data with 5g included for just $30

you could hire an office full of peyton mannings. what's up, peyton? good morning, peyton.d for peyton. they'd huddle.... welcome to the peytonverse. such a visionary. game plan... you go. no, you go! and call audibles... double our investment in omaha! omaha! omaha! omaha! or you could use workday. omaha. the finance, hr and planning system used by over half of the fortune 500. for a be-agile-like-an-mvp world. workday. for a changing world. rishaad: this is bloomberg markets. looking at the fixed income side of things, corporate junk bonds in china falling to a record low, the debt crisis does continue, grow. dollar bonds are falling. certainly more stress with regard to credit in china. haslinda: we have seen 125 billion dollars in junk-bond losses. elon musk has taken his concern about twitter to the social media site, responding to a threat from a user,, with twitter confirming,,,,,,,,,,,,,,,,, ,,,,,,,,,,,,,,,,,,,,,. challenging ceo to a public debate. berkshire hathaway was a net buyer of equities in the second quarter. the conglomerate stepped in after the s&p 500 sh

you had peyton manning >> seth: we had peyton we had brady, yeah but we had barkley, did you have barkley jordan, he hung out with us. that was, like, we were so in love with him everyone was in love with mj 'cause he was such a sweetheart and so nice to us. and he would say your name remember when i superstar says your name, you're just like, "he knows my name. and it's just incredible you know what's funny? i don't know if i ever told you this, bruce springsteen, i love bruce springsteen. and so i was working out, i might've told this story, but i'll tell it anyways and you can cut it out if it's too long [ laughter ] so i went to a gym on, like, 60th street in eastside i used to work out, i used to go, "i'm not as funny as everybody on the show, but i'm gonna look better. [ laughter ] right, so anyways, i work out, i go to this gym, and i'm working out at this real crappy gym. i forget the name of it. but anyways, i keep seeing this guy i'm like, "that guy looks like bruce springsteen. so i go, "oh, this can't be bruce springsteen. anyway, i'm going, "from that angle, it looks like bru

you could hire an office full of peyton mannings. what's up, peyton? good morning, peyton. hold for peyton. they'd huddle.... welcome to the peytonverse. such a visionary. game plan... you go. no, you go! and call audibles... double our investment in omaha! omaha! omaha! omaha! or you could use workday. omaha. the finance, hr and planning system used by over half of the fortune 500. for a be-agile-like-an-mvp world. workday. for a changing world. >>> what stands out is the customer statement household income. the customer household income is higher than average. within the range of the customer statements, the lower income customer statements saw significantly more pullback. >> let's get to the mad dash. we are going to stick with nordstrom. we have seen the same scene. lower, but much more grammatical. the sky was pressuring them a great deal. rack was not working. >> it's more the customer base that you were talking about? >> yes. in july, this was a versatile field. the cage was horrendous. july was really bad. that was devastating. once you go through life support on th

you could hire an office full of peyton mannings. what's up, peyton? good morning, peyton.d for peyton. they'd huddle.... welcome to the peytonverse. such a visionary. game plan... you go. no, you go! and call audibles... double our investment in omaha! omaha! omaha! omaha! or you could use workday. omaha. the finance, hr and planning system used by over half of the fortune 500. for a be-agile-like-an-mvp world. workday. for a changing world. shery: u.s. futures extending the declines we saw on the friday session. traders upping their bets of a potential 75 basis point rate hike in september. we are watching july's cpi numbers on wednesday as well. we have plenty this is xfinity rewards. our way of showing our appreciation. with rewards of all shapes and sizes. [ cheers ] are we actually going? yes!! and once in a lifetime moments. two tickets to nascar! yes! find rewards like these and so many more in the xfinity app. to finally lose 80 pounds and keep it off with golo is amazing. i've been maintaining. the weight is gone and it's never coming back. with golo, i've not onl

you could hire an office full of peyton mannings. what's up, peyton? good morning, peyton. hold for peyton. they'd huddle.... welcome to the peytonverse. such a visionary. game plan... you go. no, you go! and call audibles... double our investment in omaha! omaha! omaha! omaha! or you could use workday. omaha. the finance, hr and planning system used by over half of the fortune 500. for a be-agile-like-an-mvp world. workday. for a changing world. (♪ ♪) (racing sounds) (game chime) (silence) (♪ ♪) real luxury, real thrill. feel the rush of performance at the lexus golden opportunity sales event. (♪ ♪) >> you are watching daybreak: asia. i'm annabelle droulers. the fed's encores to double its pace of quantitative tightening starting this week. the balance sheet will shrink by $95 billion per month, $60 billion of treasury bonds and a 30 $5 billion of mortgage-backed securities. here is what makes that unique. to shrink its treasury holding by $60 billion a month the fed will need to dig into its stash of non-maturing t-bills and let this go to the market to fill these gaps. t

you could hire an office full of peyton mannings. what's up, peyton? good morning, peyton. hold for peyton. they'd huddle.... welcome to the peytonverse. such a visionary. game plan... you go. no, you go! and call audibles... double our investment in omaha! omaha! omaha! omaha! or you could use workday. omaha. the finance, hr and planning system used by over half of the fortune 500. for a be-agile-like-an-mvp world. workday. for a changing world. >>> a minute and a half before trading. let's squeeze in a "mad dash." you mentioned robinhood in relation to coinbase and your obsession with coins what else are you talking about? >> i need you to look at the two coins that were created and their names. they're, like, you know, alice next door, i mean, the names are incredible i don't know i'm waiting for "bridge over the river quay." atlantic equities, transfers remain negative but a squib by barclays, cost-cutting shows discipline likely to drive ebitda improvements. this is a new thing that you've got to start focusing on ebitda improvement on the back of fires that is the nex

football legend turned award show host peyton manning is said to host the 2022 country music awards alongsidentry singer luke bryan for the two-time super bowl champ has dabbled in hosting before at the 2017 as peace. the award show will take place on november 9th. did a great job at the sp's and i'm sure he'll do a great job doing this as well, brian come over to you. >> i just wish he was talented so you have something to do when he retires. thank you very much. i want to turn out with your blessing to the fox weather alert. we have flash flood warnings overnight in kentucky. historic flooding's rising to at least 37 according to officials hundreds are still unaccounted for up to the national guard and emergency crews if carried out over 600 rescues in the eastern part of the state so far more than 300 people are currently staying at shelters and the number of homes lost could number into the thousands. senior meteorologist is here with our fox forecast and couldn't -- >> via one of the worst disasters in that area for some decades. let's take a look at the rain. we're dealing with more hea

you could hire an office full of peyton mannings. what's up, peyton? good morning, peyton.on. they'd huddle.... welcome to the peytonverse. such a visionary. game plan... you go. no, you go! and call audibles... double our investment in omaha! omaha! omaha! omaha! or you could use workday. omaha. the finance, hr and planning system used by over half of the fortune 500. for a be-agile-like-an-mvp world. workday. for a changing world. in order for small businesses to thrive, they need to be smart. efficient. agile. and that's never been more important than it is right now. so for a limited time, comcast business is introducing small business savings. call now to get powerful internet for just 39 dollars a month. with no contract. and a money back guarantee. all on the largest, fastest reliable network. from the company that powers more businesses than anyone else. call and start saving today. comcast business. powering possibilities. >>> a new note from goldman sachs said the housing market could get even worse diana olick has more. >> we're already seeing new prices weak un

you could hire an office full of peyton mannings. what's up, peyton? good morning, peyton.e to the peytonverse. such a visionary. game plan... you go. no, you go! and call audibles... double our investment in omaha! omaha! omaha! omaha! or you could use workday. omaha. the finance, hr and planning system used by over half of the fortune 500. for a be-agile-like-an-mvp world. workday. for a changing world. >>> welcome back for "squawk on the street." i'm jon fortt. here's your update at this hour. russian prosecutor are asking the court to give brittney griner 9 1/2 years in prison when she's sentenced this morning. wnba player faces a maximum sentence of ten years after pleading guilty last month for having vape canisters with cannabis in her luggage. >>> there are efforts for peter in a valvo to hand over the e-mail from a personal account. >>> the new proposed wool radio require refunds if the departure or arrival time changes by three hours or more, or at least six hours for an international trip. >> jon, thanks very much >>> investors are closely watching the fed, of co

you could hire an office full of peyton mannings. what's up, peyton? good morning, peyton. hold for peyton. they'd huddle.... welcome to the peytonverse. such a visionary. game plan... you go. no, you go! and call audibles... double our investment in omaha! omaha! omaha! omaha! or you could use workday. omaha. the finance, hr and planning system used by over half of the fortune 500. for a be-agile-like-an-mvp world. workday. for a changing world. >>> as we wait for if opening bell, cramer's "mad dash." >> paypal, charitable trust took a loss because it kept going down and they kept having problems with ebay in the separation those problems seem to have run their course, but more important i think is the stake that we know that l.a. partners has taken. they've taken $2 billion also the largest shareholder in pinterest. these two companies had thought to combine it didn't work i think that elliott is trying to evaluate their role now, dan shulman, the ceo of pa paypal, said they have an excellent relationship dan shulman is a gentleman to i'm sure he will take into account ev

you could hire an office full of peyton mannings. what's up, peyton? good morning, peyton.. they'd huddle.... welcome to the peytonverse. such a visionary. game plan... you go. no, you go! and call audibles... double our investment in omaha! omaha! omaha! omaha! or you could use workday. omaha. the finance, hr and planning system used by over half of the fortune 500. for a be-agile-like-an-mvp world. workday. for a changing world. (vo) is three hundred and ninety-one thousand four hundred and thirty-four square feet... enough space for your ambition? loopnet. the most popular place to find a space. new projects means new project managers. you need to hire. i need indeed. indeed you do. when you sponsor a job, you immediately get your shortlist of quality candidates, whose resumes on indeed match your job criteria. visit indeed.com/hire and get started today. ♪♪ this... is the planning effect. this is how it feels to know you have a wealth plan that covers everything that's important to you. this is what it's like to have a dedicated fidelity advisor looking at your full fin

you could hire an office full of peyton mannings. what's up, peyton? good morning, peyton.on. they'd huddle.... welcome to the peytonverse. such a visionary. game plan... you go. no, you go! and call audibles... double our investment in omaha! omaha! omaha! omaha! or you could use workday. omaha. the finance, hr and planning system used by over half of the fortune 500. for a be-agile-like-an-mvp world. workday. for a changing world. haidi: over the last few months when it comes to ether versus bitcoin, showing we see the flashing of the blue signal, crossing above that signal for the first time since april. since that you know we have seen ether more than doubling in very much outpacing the games and bitcoin. this software update, how significant is it? >> thank you for having me this morning to talk. this is a really pivotal moment for theory and. as we know, the second-largest cryptocurrency by market cap. tenets the currency platform by which the blockchain economy will be built. there is the analogy that it will tried to change the engine of the plane midflight. this is

you could hire an office full of peyton mannings. what's up, peyton? good morning, peyton. hold for peyton. they'd huddle.... welcome to the peytonverse. such a visionary. game plan... you go. no, you go! and call audibles... double our investment in omaha! omaha! omaha! omaha! or you could use workday. omaha. the finance, hr and planning system used by over half of the fortune 500. for a be-agile-like-an-mvp world. workday. for a changing world. >>> milt pots boiling today, some the tech earnings, the other part the fedspeak in jackson hole, which has begun, at least four speakers today we'll get the opening bell in five minutes ll uh us anytime anywhere. foows on our podcast we're back after a break thinkorswim® by td ameritrade is more than a trading platform. it's an entire trading experience. with innovation that lets you customize interfaces, charts and orders to your style of trading. personalized education to expand your perspective. and a dedicated trade desk of expert-level support. that will push you to be even better. and just might change how you trade—forever.

he played for the peyton manning era indianapolis colts and he entered politics pretty young guy. he's still in his 30s fascinating story a cuban american. and was sort of widely seen as this rising star in gop politics in congress and he is he is really shaken by the events of that day, and we talked to him a great length about his experience that day. it's one of the most compelling parts of the book. i think he he was in his office in the capital complex and he decides to write a note for his wife and to put it in the desk just in case he lost his life and no, just hearing that in the interview is sort of gives you chills because you realize what was going through the minds of lawmakers in those hours. and just how how close we worked. we even greater catastrophe on january 6th. and just to finish the story on gonzalez. he decided a few months after january 6th. he was not going to run for reelection. he's 37 years old, i think and he had voted to impeach president trump a week after january 6th and obviously caught hell from president trump because of that vote and he talks ab

you could hire an office full of peyton mannings. what's up, peyton? good morning, peyton.d for peyton. they'd huddle.... welcome to the peytonverse. such a visionary. game plan... you go. no, you go! and call audibles... double our investment in omaha! omaha! omaha! omaha! or you could use workday. omaha. the finance, hr and planning system used by over half of the fortune 500. for a be-agile-like-an-mvp world. workday. for a changing world. >> i'm in for jon ferro, lisa abramowicz, tom keene. we were talking about the dollar, it is in a delightful churn. i would note that a stronger yen. lisa: how much of this is the optimism that we are getting to peak inflation, earnings coming in better than expected, dull weakness giving a lift with some of the risk judgment. tom: and the bloomberg index showing more accommodation, less stress on the system. claudia writes about the stresses within the political economy. a former focus economist, always interesting even if you don't agree with her. a writer published yesterday with colleagues from dartmouth and he said, down, labor ec

you could hire an office full of peyton mannings. what's up, peyton? good morning, peyton.on. they'd huddle.... welcome to the peytonverse. such a visionary. game plan... you go. no, you go! and call audibles... double our investment in omaha! omaha! omaha! omaha! or you could use workday. omaha. the finance, hr and planning system used by over half of the fortune 500. for a be-agile-like-an-mvp world. workday. for a changing world. >> supply shocks are always tough for the fed, but contrary to the view that supply is the driving factor, our numbers are telling us it has become demand. as this year has gone on it is more demand driven and patient than we are dealing with that is something the fed can handle. tom: peter hooper -- jonathan: peter hooper of deutsche bank there. here's a snapshot of the markets. futures down a little more than .1. no drama on the s&p or the nasdaq. yields up a couple of basis points on the 10 year. crude unchanged, $89.41. i promised you the note from bank of america. every month they do the global fund manager survey. they asked the questions.