emerson's plantweb digital ecosystem is the brain for smarter, safer and more sustainable performanceo. go boldly. emerson. get refunds.com powered by innovation refunds can help your business get a payroll tax refund, even if you got ppp and it only takes eight minutes to qualify. i went on their website, uploaded everything, and i was blown away by what they could do. getrefunds.com has helped businesses get over a billion dollars and we can help your business too. qualify your business for a big refund in eight minutes. go to getrefunds.com to get started. powered by innovation refunds. jon: this is bloomberg markets. time for today's for what it's worth. our data point is 15% and air canada set its costs for available seat mile this year will be as 15% above what they were before the pandemic. the shares have been under pressure today as a result. it is benefiting from strong travel demand but cost pressures remain a challenge for the airline industry. jet blue ceo says the faa must get further ahead on technology upgrades including with respect to air traffic controllers being fu

emerson's plantweb digital ecosystem is the brain for smarter, safer and more sustainable performance go. go boldly. emerson. francine: global pandemic, or in europe, inflation -- how is the world's biggest ad firm positioning for a slowdown? is there an interesting client you would like to do more of? is there a client you would like to have on the books who you do not have yet? mark: i'm sure there is. we do fantastic work. i love all of our clients. francine: of course, like her -- your children, no favorite. mark: tesla is an interesting company. so far they have not spent money on advertising. i'm sure one day they will. i think jeff bezos said in 2009 that advertising is what companies do when they have nothing to differentiate themselves. amazon today is one of the world's top five advertisers. companies develop and they come to a point where they have a need to talk to consumers about what they need or what they need to sell. all of those things make what we do valuable. francine: if you look at the lifecycle of a business, and the ability for that business to be disrupted, wh

emerson's plantweb digital ecosystem is the brain for smarter, safer and more sustainable performance plant go. go boldly. emerson. walter: that's right. david: so that worked out ok. walter: that worked out fantastic. brian has done a wonderful -- it's not just my opinion, he has been chosen ceo of the year a couple of times, not just in the financial industry. but throughout corporate america and banking. a♪ david: let me ask you right now about something you are involved in right now, which is the giant magellan telescope. you are leading the effort to get people to fund the giant magellan telescope. why do we need the giant magellan telescope, since we have the webb telescope, that seems to be sending back nice pictures. how much better is the giant magellan going to be? walter: four times better. david: four times better. walter: four times better resolution, which means the pictures will be sharper. but the science, the way it will work, the james webb, you are seeing those pictures very sharp, but they are identifying parts of galaxies in space almost back to the beginning of t

emerson's plantweb digital ecosystem is the brain for smarter, safer and more sustainable performancego. go boldly. emerson. >> it is time for the bloomberg business flash. home depot is forecasting a decline in earnings. the outlook signals a slow down and do it yourself spending at the home improvement retailer. home depot is spending $1 billion to increase wages in a tight labor market. it has never been this cheap to buy a tesla after a series of price cuts in the past month. the model three sedan now sells for $4900, less than the average new vehicles sold in the u.s.. that is the cheapest price tesla has ever had relative to the typical u.s. vehicle. guy: let's get to the startup, where we cover the top tech stories from the bay area and beyond. we are focusing on the beyond. the hearing at microsoft kicking off in brussels today. joining us now is max ramsey. let's talk about how significant the hearing could be for this deal. the u.k. already has poured a bunch of cold water on the transaction. what are we expecting out of brussels? >> this is a massive deal, $69 billion, so t

emerson's plantweb digital ecosystem is the brain for smarter, safer and more sustainable performanceo boldly. emerson. >>> welcome back time for the wrap up six story ies you may have miss. the ntsb will release the report today on the train derailment in ohio pete buttigieg will visit the area today in the first visit since the incident >>> nvidia beating on earnings as a.i. is at an inflection point. more businesses are buying to develop machine learning software. >>> and justice department is moving forward targeting control of the data of google maps a lawsuit to be filed this year. >>> and third point owns a stake in bath & body works >>> wells fargo laying off mortgage bankers after rewarding some with the california retreat. this comes after cuts due to the strategic shift. >>> and spotify announcing a dj featuring curated music. >>> gearing up on the economic front, jobless claims and gdp at 8:30 a.m earnings roll on from the likes of alibaba, beyond meat and warner bros. discovery we will have atlanta fed president raphael bostic and san francisco fed president mary daly spe

. ♪ plantweb digital ecosystem is the brain for smarter, safer and more sustainable performance. go boldly. emerson. 92% still active? seems high. seriously? it's just a bike. wait. they make a treadmill with an intuitive speed knob? yeah. want to try? 92% stick with it, so can you. rent a peloton bike or bike+. terms apply. 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 i screwed up. mhm. ahhhhhh i got us t-mobile home internet. now cell phone users have priority over us. and your marriage survived that? you can almost feel the drag when people walk by with their phones. oh i can't hear you... you're froze-- ladies, please! you put it on airplane mode when you pass our house. i was trying to work. we're workin' it too. yeah! work it girl! woo! i want to hear you say it out loud. well, i could switch us to xfinity. those smiles. that's why

emerson's plantweb digital ecosystem is the brain for smarter, safer and more sustainable performancent go. go boldly. emerson. kriti: this is bloomberg markets. and kriti gupta. our stock of the hour, wayfair falling the most on record. it comes at the company reported a worse than expected loss and a 19% drop in active customers. joining us now is a person from bloomberg intelligence. always a pleasure to have you on the show. wayfair, a discount retailer when it comes to furniture and investment pieces. why is it losing so many active customers? >> it is more than the active customers. i would say they did lose some but it's the revenues. it is the revenues that are tracking down 10% despite easier comparisons from last year. that is the biggest concern here but if you look at the bigger picture and you think about where wayfair sits today, $12 billion in annual revenue, about 2% of the total, which is $800 billion today. it is small and there's plenty of opportunity to grow so i would say, yes, there is negative news in the short-term but longer-term, there is a lot of opportunity

emerson's plantweb digital ecosystem is the brain for smarter, safer and more sustainable performanceigh. seriously? it's just a bike. wait. they make a treadmill with an intuitive speed knob? yeah. want to try? 92% stick with it, so can you. rent a peloton bike or bike+. terms apply. >>> a couple hours into the trading day on this tuesday. a check on markets stocks are definitely off the lows nasdaq down more than 1% in earlier trading. currently you can see 11824. some of the big movers at this hour, first solar among the worst performers after evercore downgrades that to in line nvidia is moving higher. b of a raises its target saying the ai arms race could lead to a big acceleration of data center sales in the next five years and a vis with a big fourth quarter, saying performed above 2019 levels. >>> let's get an update with contessa brewer. >>> the u.s. needed two missiles to shoot down a still unidentified object over lake huron. general mark milley told reporters in brussels, quote, the first shot missed. the second shot hit. he said the first missile landed harmlessly in the

emerson's plantweb digital ecosystem is the brain for smarter, safer and more sustainable performanceant go. go boldly. emerson. 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 ritika: coming up, an exclusive interview with gm chair and ceo mary b -- gm chair and ceo mary barra. this is bloomberg. ♪ alix: shares of hyatt are at an all-time high, hosting strong fourth-quarter profits. joining us now is the president and ceo of hyatt hotels. mark, it seems like everybody is out and traveling. the consumer is doing strong. the question is, do you think it can continue? can the growth sustain itself through the entirety of 2023? good morning, mark. mark: thanks for having me. look, we finished the transformative year last year with another record quarter, but even more encouraging, january and off very strong. so we are seeing great demand across le

emerson's plantweb digital ecosystem is the brain for smarter, safer and more sustainable performance go. go boldly. emerson. >>> snapchat parent snap just wrapping up its investor day at its headquarters in santa monica where the company announced it now has 750 million monthly active users they're expect to go reach more than a billion users in the next two to three years joining us now is snap ceo evan spiegel along with our very own julia boorstin who covers the company. julia, over to you >> reporter: sara, thanks so much evan, thanks so much for joining us here today at your headquarters on the heels of this investor day. we appreciate it >> thank you for having me it's great to be here. >> reporter: i want to talk about these user targets, 750 million now, a billion in the next two to three years, there's so much competition for consumers' time right now. tiktok, first and foremost among your rivals. what makes you confident you'll hit that 1 billion number? >> you think about the core of our service it's about visual communication between friends and family and that's what has

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emerson's plantweb digital ecosystem is the brain for smarter, safer and more sustainable performanceboldly. emerson. for businesses of all sizes, safer and more there are a lot of choices when it comes to your internet and technology needs. when you choose comcast business internet, you choose the largest, fastest reliable network. you choose advanced security for total peace of mind. and you choose a next generation 10g network that's always improving, getting faster; more reliable; and more intelligent to keep you ready for today and tomorrow. the choice is clear: make your business future ready with the network from the most innovative company. comcast business. powering possibilities™. >>> welcome back to "techcheck." let's get back to julia. >> take a look at the stock charts for roku and paramount. paramount shares are down 4% this morning after the company's top and bottom line results fell short of estimates despite the fact that paramount plus added nearly 10 million new subscribers in the quarter that's about 2 million more than analysts expected. the company says weakness

emerson's plantweb digital ecosystem is the brain for smarter, safer and more sustainable performancemerson. these days, our households depend on the internet more and more. families grow, houses get smarter, and our demands on the internet increase. that's why we just boosted speeds for over 20 million xfinity customers, on us. so you get more of the speed you need for day and night streaming. more speed you need when you're work from homeing. and more speed you need as your family keeps growing. check in on your current speed through the xfinity app or upgrade to the speed that's right for you today. >> this is bloomberg derrick may list. your top stories t

emerson's plantweb digital ecosystem is the brain for smarter, safer and more sustainable performanceerson. >> apple chan delivering the 2023 fiscal budget. you can see they are considering stock trading during severe weather. we had a lot of announcements already. we are talking about a reduction in taxes. we are looking at $5,000 in consumption vouchers here as well as they saw the economy contract by 3.5%. a 4.2% contraction year on year. look here. a virtual asset task force for businesses. they are looking at setting up a green technology finance company as well as trying to attract talent to this particular territory as well. some adjustments here as well. they are thinking growth could be as much as 5.5% for hong kong in 2023. >> that is ambitious considering the outlook. let's look at some of the movers we are seeing here in asia. we are tracking hong kong, hsbc, this is on the back of that special payout after that profit jump. it has to do with the results that beat estimates as well. hsbc trading up by 5% right now. look at those asian crypto stocks on the back of coinbase

emerson's plantweb digital ecosystem is the brain for smarter, safer and more sustainable performance. emerson. the eagle has landed. that's one small sust step for man...nce. hey, what's up? uh... houston... we have a situation. how did you get here? you're characters in our video game! video game? yeah, it's what we do with xfinity 10g. it's like, you know, the best network imaginable. what the heck is that? those are the bad guys. are they friendly? the 10g network, only from xfinity. one giant leap for mankind. >> this is daybreak asia and we are counting down to the major market opens as we see more reaction from the markets, we had fears during the new york session when it came to geopolitical tensions and of course treasury yields. and today we have the rbnz to contend with as well. >> this is really kicking off the next round of central bank action. -- despite dialing back to 50 basis points and how do the recent not full disasters play into that -- recent natural disasters play into that. >> we are watching the jgb yields as well because we have seen the tenure yield -- two p

emerson's plantweb digital ecosystem is the brain for smarter, safer and more sustainable performancego plant go. go boldly. emerson. when covid hit, we had some challenges. i heard about the payroll tax refund that allowed us to keep the people that have been here taking care of us. learn more at getrefunds.com. ♪ yvonne: ah, reopening. we're talking about that once again here in hong kong. starting tomorrow you're going to do be seeing a lot more faces or our faces out in the open. mask mandate -- rishaad: and the wild. yvonne: don't be too scared. we have a lot of the new names like cazzie pacific. and in the meantime zoom gained an afterhours train. the software company expect it is earn" to be 96 to 98 cents beating analyst estimates of 87 centss. zoom has been grappling with slower growth which has forced it to cut expenses and slash 15% of the workforce. bloomberg sources says brookfield is seeking $20 billion to invest in energy transition. it plan to fund raise by mid year and may raise as much as $25 billion. brookfield renewable energy strategy includes investing in busines

emerson's plantweb digital ecosystem is the brain for smarter, safer and more sustainable performanceo boldly. emerson. 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 - [announcer] imagine having fuller, thicker, more voluminous hair instantly. all it takes is just one session at hairclub. introducing xtrands. xtrands adds hundreds or even thousands of hair strands to your existing hair at the root. they're personalized to match your own natural hair color and texture, so they'll blend right in for a natural, effortless look. call in the next five minutes and when you buy 500 strands, you get 500 strands free. call right now. (upbeat music) >> it is almost 11:00 a.m. in singapore and shanghai. welcome to bloomberg markets asia. i am haslinda amin. >> let's have a look at our top stories. kazuo ueda formally nominated to take charge of the back of japan. traders are placing their bets on any ship from the altar john besh monetary policy and possible revision of t

emerson's plantweb digital ecosystem is the brain for smarter, safer and more sustainable performancefer and more there are a lot of choices when it comes to your internet and technology needs. when you choose comcast business internet, you choose the largest, fastest reliable network. you choose advanced security for total peace of mind. and you choose a next generation 10g network that's always improving, getting faster; more reliable; and more intelligent to keep you ready for today and tomorrow. the choice is clear: make your business future ready with the network from the most innovative company. comcast business. >>> we don't yet know exactly what these three objects were, but nothing right now suggests they were related to china's spy balloon program or they were surveillance vehicle from any other country. we don't have any evidence that there has been a sudden increase in the number of objects in the sky. we're now just seeing more of them partially because the steps we've taken to increase our radars, narrow our radars. >> that was president biden addressing those aerial obj

emerson's plantweb digital ecosystem is the brain for smarter, safer and more sustainable performancest 202 pounds on golo. being a veteran, the transition from the military into civilian safer and more sustainable performance. life causes a lot of stress. i ate a lot for stress. golo and release has helped me with managing that stress and allowing me to focus on losing weight. for anyone struggling with weight and stress-related weight gain, i recommend golo to you. this is a real thing. this is not a hoax. you follow the plan, you'll lose weight. jonathan: trying to bounce back from the worst week of 2023. equity futures up about .1%. the countdown to the open starts now. ♪ >> everything you need to get set for the start of u.s. trading. this is bloomberg the open with jonathan ferro. ♪ jonathan: live from new york. stocks on hold after the worst week

emerson's plantweb digital ecosystem is the brain for smarter, safer and more sustainable performancesustainable performance. i got us t-mobile home internet. now cell phone users have priority over us. and your marriage survived that? you can almost feel the drag when people walk by with their phones. oh i can't hear you... you're froze-- ladies, please! you put it on airplane mode when you pass our house. i was trying to work. we're workin' it too. yeah! work it girl! woo! i want to hear you say it out loud. well, i could switch us to xfinity. those smiles. that's why i do what i do. that and the paycheck. the eagle has landed. that's one small step for man... hey, what's up? uh... houston... we have a situation. how did you get here? you're characters in our video game! video game? yeah, it's what we do with xfinity 10g. it's like, you know, the best network imaginable. what the heck is that? those are the bad guys. are they friendly? the 10g network, only from xfinity. one giant leap for mankind. ♪ anna: this is "bloomberg markets," welcome back to the program. a special edition f

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. >> as we mark one year since the beginning of this invasion, the message i bring you from president biden is simple. america will stand with ukraine as long as it takes. we commend your ongoing focus on the importance of fighting corruption and president zelenskyy's goal of strengthening accountability and good governance. jonathan: a surprise visit to ukraine from janet yellen. let's pick up on the price action. equity futures elevated by not even .2% on the s&p 500 and a little bit of it to close out february and looking to close out the month with a month of losses. the yield has held, three point 9376 -- 3.93. . unterman inflation comes tomorrow. the euro is marginally stronger here. euro-dollar, 1.06. tom: the inflation story is underreported today. jonathan: we were hoping it would go either way. remember this meetings? yes chairman palisade this vis

emerson's plantweb digital ecosystem is the brain for smarter, safer and more sustainable performancen. this is ge aerospace, advancing flight for future generations. ♪ welcome to a new era of flight. we all have a purpose in life - a “why.” no matter your purpose, at pnc private bank we will work with you every step of the way to help you achieve it. so let us focus on the how. just tell us - what's your why? >> we should never forget the main source of this uncertainty is the russian invasion. we are not saying this only because it is one year today. but because this invasion increased all of the fragility's of the global economy. jonathan: that was the european commission for the economy and former italian prime minister speaking on the one-year milestone of the war in ukraine after vladimir putin's invasion. equity futures -.6%. in 44 minutes we will have economic data in america and get another reit on u.s. inflation. the so-called pce deflator. in the bond market your 10 year is 3.9062. crude, $76 on wti. given how long this war has, on comp if you told me crude was backed out o

emerson's plantweb digital ecosystem is the brain for smarter, safer and more sustainable performancef sleep number sleepers very satisfied with their bed? maybe it's because you can gently raise your partner's head to help relieve snoring. safer and more sustainable performance. so you can both stay comfortable all night save $1,200 on the sleep number 360 i10 smart bed. only for a limited time. 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. >>> ahead of a high-profile congressional hearing on china tonight, we have a new reminder for executives about their risks of doing business there. eunice yuan joins us now with more hey, eunice. >> hey, joe. well, the reminder today was directed towards elon musk the tesla founder had been

emerson's plantweb digital ecosystem is the brain for smarter, safer and more sustainable performance plant go. go boldly. emerson. ♪♪ what will you do? 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. advancing flight for future generations. ♪ welcome to a new era of flight. the eagle has landed. that's one small step for man... hey, what's up? uh... houston... we have a situation. how did you get here? you're characters in our video game! video game? yeah, it's what we do with xfinity 10g. it's like, you know, the best network imaginable. what the heck is that? those are the bad guys. are they friendly? the 10g network, only from xfinity. one giant leap for mankind. jon: equity futures on the s&p down .1% on the s&p 500, a big lift in the nasdaq yesterday, here today to the nasdaq up something like 15%. this morning down 0.0 spix -- 0.06%. the two-year keep on climbing in the last 24 hours of the bond market, close to 417. the bond market would look like this

emerson's plantweb digital ecosystem is the brain for smarter, safer and more sustainable performancentroducing 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. this is ge aerospace, advancing flight for future generations. ♪ welcome to a new era of flight. was also the first time you hit this note... ( screams in joy) save 20% with the lowest transaction fees and keep more of what you make. with a partner that always puts you first. godaddy. tools and support for every small business first. >> we are getting back to our more normal labor market. i think labor is going to find there is a limit distant to which wages are going to be raised by companies. i think it is because the companies are running into resistance from consumers to price increases. jonathan: yardeni research. he said, a soft landing, hard landing, no landing, and a lot have said the data between the start of the year and now. equities up half of 1% on the s&p 500. on the nasd

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