they say to rbc that they even have a list of those whom yandex would like to see among these investorsere, for example, metallurgists. vladimir potanin vladimir lisin oilman vagit alekperov senator suleiman kerimov owner of commercial real estate year nissan of magnet founder sergey galitsky and wildberries founder tatyana bakalchuk. ilya anyhow the economy is all yes, thank you. act with an economic review. russian schoolchildren learn to play bast shoes of the ministry of education approved the corresponding educational course of sports known since the 14th century. the truck went through periods of prosperity and oblivion - under peter i , the lapta was an indispensable element of the physical training of a soldier in the ussr , official championships were held, well, they soon forgot the lapta. now she is reborn again or fedosov, he learned all the rules. bast shoes , bast shoes, bast shoes, or bast shoes, it seems that soon this question will arise in front of sports commentators when they are invited to work on broadcasts of the national championship in bast shoes is a russian fo

anatoly aksakov told rbc that he treats the idea with restraint, because it turns out that in generaloff preferential mortgages, but for officials, on the contrary , yegor would turn everything to the economy the cosmonaut of the planet shocked the whole world ; instructor vladimir seregin, the official version of the tragedy of the pilots performing a sharp maneuver led to the fact that the plane fell into a tailspin. but what caused this sharp maneuver of hypotheses, many wrote about a heart attack. at seryogin and collision with a metisond soviet cosmonaut. aleksey leonov claimed that gagarin's plane got into a vortex in the summer from a sound su-15 flying nearby, however, the version is different from the tragedy. general on red square. today they laid flowers at a niche in the kremlin the wall where the urns are buried fear gagarin and seryogin intimate algae and mollusks can become allies in the fight against environmental pollution. employees of the sakhalin state university argue that not the forests are the lungs of the planet, but the ocean, marine life, plants are one of t

and he also says rbc research, and there were a lot of them, showed that mts is no longer associatedt with a red color. but when asked whether the company expects that after changing the brand , some users may leave it , the head of mts said that they have no adherents of the egg . european stocks rise for the fourth day in a row investor fears about a banking crisis are dissipating, for example, shares of the swiss bank ubs continue to rise in price after the news that sergio ermoti returns to the post of ceo after 2 1/2 years. which means he will lead. by joining the qbs of the problem bank to the radish. even the statement of the head of the imf, kristalina georgieva, that another difficult year awaits the world economy in the twenty-third year, because both the conflict in ukraine and world central banks are raising rates to fight inflation, and hence, according to kristalina. georgieva, just and the banking problems the russian stock market does not feel the strength to grow, as in europe, but as you can see, the ruble is not falling either these minutes, the dollar is exactly 7

rbc say that even ready.hose whom yandex would like to see included among these investors there, for example, metallurgy vladimir potanin and vladimir lisin neftyanik vagit alekperov senator suleiman kerimov commercial real estate owner year nissans, founder of magnet sergey galitsky and wildberries founder tatyana bokalchik. at the same time, i repeat once again today's shares on the moscow exchange are in positive territory . there is no geopolitical negative news, so investors continue to support the optimism of world markets. that the ministry of finance will reduce the volume of yuan sales tomorrow by one and a half times according to the budget rule, it does not lead to a fall in the ruble, because the obvious market perceives all this as a signal that the situation with russia's exports and imports has slightly improved these minutes, the dollar is 75-48 euros, 80 , 34. in the spelling dictionary of the institute of the russian language named after vinogradov , a post office copter and photo-video reco

ministry of finance is going to offer to introduce preferential mortgages for officials in russia , rbcto a document on the ministry so they want to motivate civil servants to long-term effective work. this, by the way, is a quote from rbc's interlocutor confirms the speech about issuing mortgages to officials at a reduced rate. which deputy minister of construction and housing and utilities nikita stasishin is still unknown, said that he had not heard of such a program, but just in case warned in russia there are more important categories, citizens who need better living conditions , igor galaktionov, an expert on the bcs stock market of the investment world. he says to ria novosti that the ideas of the ministry of finance are not surprised by the authorities to ensure that preferential mortgages become more targeted. well , so that the demand for it does not fall much, according to rosstat, finally, from the age of 21, the average salary of federal officials in the central offices was 175,000 rubles. per month, and at the regional level. 60.000 any economy thank you all with an econom

. >> adam cole joins me from rbc capital markets.d adam, thanks for joining the show this morning. all eyes on the eurozone inflation print today. if i look back at what we heard at a country level, we have spain and france and now germany surprising to the upside on inflation. is it fair to say the persistent inflation narrative is not just about one country. this is a eurozone wide phenomenal >> that was certainly the case in february, yes given the consistency of the upside surprises in the country data, the real expectation for the morning's figure is well above the measured consensus so, yes, in the february data, that is the case longer term, there is a question mark of whether we passed the peak and how inflation falls from there that is the direction of travel, yes. >> what does it mean for the ecb to have inflation running hotter than expected? we heard from nagel yesterday that the march hike will not be the last and further significant rate hikes are in store or might be necessary in the future how many more 50 basis point

remains to attribute the first half of the reporting match to the only ones in which the team of albert rbc miss, they worked on the mistakes in the second half, which really got wet along with dreams, and some moments in the semi-finals. yes, we strengthened, we played more aggressively in the fight. we more contact advanced in the selection. uh. this is also important somewhere some moments created exits. generally. yes , i will say that some moments. yes, i was pleased, but in general it is a long way of development for these young players. we will work. we will teach, we will force them fulfill all the requirements of the principles of the game that we require and hopefully, after some time we will see them. i said to the locker room , guys for the first half, i'm grateful to you. well done fought, but probably not enough skill, strength, confidence was not enough, probably, the speed of thinking of rebuilding. and, of course, the team is a worthy opponent, so here many components were not enough for the forward to enter the club of the belarusian bomber strikes. 101 102 balls somehow c

frederique carrier, head of investment strategy at rbc wealth minute -- management. coming up, a lot of bank decisions on the docket today including the boe after scorching inflation reading and swiss national bank in the wake of the credit suisse follow-up. we are live from zÜrich. that is next. this is bloomberg. ♪ dani: if you did not getting up from the fed yesterday, it is another big day of central banks across europe monetary policy day. we have with us bloomberg's francine lacqua in zÜrich and lizzy burden here in london covering two of the big decisions. first let's focus on switzerland where the swiss national bank has to decide whether to deliver a long-awaited interest rate hike for an economy at the epicenter of the recent global banking turmoil. she is back in zÜrich another day, it's francine lacqua. i know you are basically making yourself a home there, a second home in zÜrich. let's talk about that snb. how do they balance this? the right path with the recent global banking turmoil? francine: this is the same dilemma as the fed had yesterday. it is w

there was a report out of rbc, capitalçó marketsqç"today.talked about, and rbc says there are 4 million barrels a day couldxd ce online by the end of nevmçó yea which we'll see if it does, but what does that tell you?lp it tells me bearish and they see demand for oil being strong. >> got it. >> you don't invest like that. by the way, we talk aboutÑi tha ith lehman tonight and with goldman sachs, the inflation reduction actr having toçó payçó three or four times. >> i can't wait for you guys to dig throughÑi it. thanks for yor time. >> it's opinionw3 a yeares isr government electricity stocks that stand toi] benefit. they're already Ñioutperforming the s&p this year and we'll tell you which one. >> key hearings on the svb fallout this week. we'll speak with jim hines who is on the house financial services committee about what move xdd.c. may or may not make from here. from here. as we head to break, take a look your shipping manager left to “find themself.” leaving you lost. you need to hire. i need indeed. indeed you do. indeed instant match

>> it continues to be strong we talked about this this past wednesday at the rbc conference. business health is very good consumers, in particular homeowners, have been able to manage inflation very well i anticipate with the noise in the market that you will see people be more reticent to stay away from the crypto-focused banks. but the general health of consumer clients remains very good >> i was going to ask, how these recent events will ultimately impact loan demand and credit quality. >> i think in the immediate term i expect loan demand will continue to soften that had been happening over the course of the past few quarters in general, just as businesses look forward to the impact of higher rates on the economy. >> one of the things that the street is wrestling with now, separate from the events of the weekend and this crisis in a sense, is the model changing how do you keep depositors from just being attracted to other instruments like money markets do you have to raise your rates? do you have to offer better project? do you have to lower fees? how will that work if th

rbc's head of u.s. bank equities strategy gerard cassidy and trader keith fitzgerald. keith, i will start with you. your overall thoughts between the jobs report and, of course, silicon valley bank and the contagion a that has spread through the financial sector. >> well, what's a bank implosion and a few trillion dollars between friends, right, cheryl? everything is wrong with the financial system all rolled into one. you've got highly leveraged stuff, silicon valley's arrogance being ground to a halt, ricochets through the system. it's like throwing a stone in the water, only the time you got to watch the ripplings. charles: cheryl: all right. that's an interesting way to put it. gerard, your take? >> what we've seen here is obviously something that's quite dramatic. as of wednesday afternoon, there was no signs of any problems with silicon valley bank, and here we are friday and the bank is insuggest -- insolvent. shocking how fast this happened. but it does show very clearly that the problem that they ran into the last time we saw it was back in the early 1980 when

rbc says that even a list of those whom yandex would like to see among these investors is ready, forgy vladimir potanin and vladimir lisin neftyanik vagit alekperov senator. suleiman kerimov is the owner of commercial real estate year of nissans, the founder of the magnet sergey galitsky and the founder of wildberries tatyana bakelchuk. the russian car market maintains its rapid decline sales of new cars in the country fell by 62% in february. this is the data of the association of european businesses. approximately the same drop was in january, the situation was a little better in december, but in the fall of last year, the russian car market shrank by the same 6263%, the main reason, both then and now , is the shortage of dealer cars, but it happened due to the departure from russian foreign automakers and problems with the supply of components for russian cars the direction where the russian car market is heading is clearly visible in the best-selling models. in the top five, as well as in the top ten, now only lada uaz and the whole variety of the chinese car industry. sales of t

rbc worried about the force of this 6.5 magnitude earthquake. we can talk to our south asia editor. it is a developing story. ing us up-to-date. >> the northeastern part of afghanistan, very close to that, that is why we are hearing reports from there, as well. within afghanistan, a spokespersonith a message saying there have been casualties. but it appears to be limited. reading some of the remote parts of the country. the internet mobile services already restricted in those areas. and what we saw in afghanistan in a similar situation, the earthquake hit the southeastern part, killing more than 1000 people. it took a while for people to get the message. in pakistan, people were rushing out of their houses in the apartment buildings, they had the experience of witnessing the earthquakes before. and pele remaining in the streets for more than an hour thinking there might be another tremor or such created a huge discussion of people exchanging messages on social media, as well. the same in delhi, people panicking and getting reports, the house is getting cracks and buildings getting t

may noticeably come from its composition, they plan to expel more than 15 domestic businessmen , as rbc as march 16 at the congress of the republic of poland among those who are expected to leave the management of the main association of russian business, co-owner of lukoil leoniddun, co-owner of the holding usm. alisher usmanov owner of crocus group arasy galarov, former head of sibur dmitry konov former managing partner of a consulting company and wye for the cis countries alexander ivlev. the interlocutor of rbc explains that businessmen are leaving corrections against the backdrop of sanctions and want as little publicity as possible, the representative of dmitry konov. he confirmed the information about the departure of the businessman to correct the rsp and explained that dmitry konov had not been working in syria since march last year and therefore ceased to be an active business in january of this year. it was reported that from the bureau of the board. rpp wanted to leave alisherus usmanov, in a statement that appeared then in the telegram channels, said that he was going to re

the all-russian association of fish industrialists shared an optimistic forecast with rbc, which refersof the un food and agricultural organizations in the association explain the decline in world cod stocks. as a result , both norway and russia will catch less. the all-russian association of fish industrialists note that the market position of each country is affected not only by who caught how much. but also how products are made from this fish. and how it is progressing, if you add all the factors together, russian fish industrialists say, then the strongest position in the market is still in norway. today it became known that 1 billion rubles. in the new year edition. the russian lotto was won by a locksmith from nizhny novgorod, alexander zemskov , stoloto reports this and now clarifies two lottery billionaires in russia. if you not locksmith and it's hard for you to imagine what a billion rubles is. for comparison , the government has allocated one and a half billion rubles for the preferential mortgage program for it specialists. true, after deducting taxes , alexander zemskov wi

last year, the number of cards for individuals increased by 18% and reached 389.5 million pieces , rbcalls this increase a record since the fourteenth year, when the central bank switched to a new format for calculating data, roman prokhorov, head of the board of the financial innovation association explain what happened that international payment systems left the russian market. visa and mastercard and therefore the russians have become to open world cards for themselves, including for the usual payment by phone. in addition , the russians actively got chinese union pay cards in the hope that it would help them pay in foreign online stores and abroad. and another reason for the growth in the number of bank cards. the client opened bank accounts that didn't hit the boys. and last year, the russians sharply wanted to issue an international driver's license with traffic police statistics, got acquainted with the kommersant newspapers, the rights necessary to drive 179,000 people received a vehicle abroad. this is twice as much as in the twenty-first year. traffic coordinator, blue bucket

demand for shares of little-known companies in recent months has increased several times , rbc reports, citing data from the moscow exchange, if in october the volume of trading in third-tier securities was up to 4% of the trading figure, among large market players, then in march. it rose to 20%. to deal with abnormal surges. the price of the moscow exchange can conduct discrete auctions or so-called narrow price corridors. such a scenario is being discussed with bidders and the pizzeria chain. papa john's plans to develop business in russia on its own , kommersant reports, according to the publication , the russian franchise owner and the global office. so we couldn't decide. according to what scenario to curtail business in our country as a result, most likely the network will continue to be managed by the current team headed by american christopher wine is not planning to sell the company to a new owner. this was the news of the economy in short. autoteka makes buying a car on avito more transparent one accident damaged bumper repair amount 17 thousand information from insurance and

not specified, however, earlier rbc sources spoke of an amount of 13-16 billion rubles. at the same time, experts call such a price too high. this was the news economy in short. sberbank presents a loan with the lowest rate in 10 years. yes , friend, how much we had with you, remember, i was looking for the keys, and you had them, how did you not let me sleep, your springs dissolved. how are you tired of the sofa, take things easier with loans from sberbank of four percent, annual and monthly koshmak obviously profitable on the eve of a bright easter let's be good a solution for every day from vtb vtb card with a cashback of up to 30 percent is a reason to rejoice at every purchase to please somebody else turn ordinary coffee into a pleasant acquaintance and the ability to change plans, as it suits you. get a free vtb card for life and every day will become better. go to vtb and that's it, we'll give you one more reason to be happy and reduce the prices of your favorite products with discounts of up to 50%. for example, two scooter wafer rolls for the price of one for on

online cinemas have lost half of the films western studios, the calculation of the telecom agency leads rbcthe content that was on the services in march last year and that is now in the libraries. kinopoisk. yves. ok, he's premier for example , the number of films and tv series from the largest western film studios in the film search has decreased from two to one thousand, so from february 1 of this year, all parts of harry potter and fantastic beasts became unavailable. and the pirates of the caribbean and star wars have also disappeared, the head of the telecom business denis pieces. he says that over the past 20 years, russians have become accustomed to hollywood content and films south korean tv series china india cannot yet compete with it, but at the same time they continue mostly western films. the series remained, most likely, meaning russian ones, and the duration of the series is much longer. ilya everything about the economy thank you denis for the economic review. russia and thailand are strengthening cooperation in the fight against international crime in bangkok signed a new p

e sanctions are likely to be minus the side of raiffeisen as well, according to rbc, the american chemical corporation trim is negotiating with the vmp research and production holding regarding the sale of russian assets to stop grain exports from russia from july, american cargill said earlier. at the ministry of agriculture. we have already assured on the volume of grain exports that this will not affect all transshipment capacities and will continue to work in the future. in the mode, while for foreign players have exit rules, as the ministry of finance explained to companies from unfriendly countries, in this case it will be necessary to pay at least 10% of the market value to the budget or at least 10% of half of the independent valuation of the asset, if the sale is at a discount of more than 90%, experts do not it is ruled out that after some time many players will want to return to the profitable russian market, but here the conditions may also differ. their parts are there let's say uh avtovaz and renault or mcdonald's is understandable. there is a buyback and return option. what

republic of moldova if the government of moldova asks for it - stated on march 3 in an interview with rbc ukraine, secretary of the national security and defense council of ukraine oleksiy danilov oleksiy danilov did not make any statements regarding ukraine's readiness to help moldova militarily in the event of russian attempts to destabilize the situation when asked journalist about whether kyiv is ready , in particular, to support kishinev through military means , the secretary of the nsdc replied that if there is such an appeal, it can be considered taking into account all the processes and circumstances that happening especially since we are neighbors, it was this quote that became the reason for manipulation , but danilov did not make any statements that ukraine is ready to provide military support to moldova, and even more so is preparing an invasion of transnistria ukraine is making a dirty bomb using california 252 russian media actively spread the disinformation statement of the spokeswoman of the russian ministry of foreign affairs, maria sakharova, who once again tried to accu

this is the rbc ivvr, this reactor is the only one in russia where foreign students can be trained onate it, bring it to power or safely stop laboratory work takes place in real time. and rtt stands for tomsk research reactor, it was launched in 1967 year, and then its power was 1.000 kw today only the name remains from that soviet installation now the power is six times more than the possibilities for research are much higher. tarok has not yet graduated, but has already been hired by the nuclear safety department at the first eldaba nuclear power plant in egypt, which is being built by rusat. today the students. all day long, practitioners try themselves as dosimetrists , get acquainted with control and measuring devices and learn to determine the level of radiation, then a lecture in the format of questions you learned the answer and more practical knowledge, not only theoretically, but it’s a very good functional experience was the end of our studies here, so all this practical and training is very important for our future future career came in. well, it's just amazing what happen

main contender for the plant in kaluga, and afk system was also interested in it earlier, according to rbc , the final approval of the transaction is planned on march 3rd. meanwhile, the ministry of industry and trade noted that the transfer of the asset to a third party. this is just one of the options for further development of the site. the decision on the sale has not yet been made and the french laxiten sold the business in russia with the possibility of returning under the agreement, the company has the right to buy shares from local management at any time. this is the data from her report , the assets will be sold for 3 billion rubles. the new owners will have to pay this money within 4 years, starting from 2025. let me remind you that the network announced the closure in april to june. all stores have resumed work under the updated brand name, loksitan. this was the news of the economy in short. potential for business find out the available loan amount without opening an account and documents and get a loan at a 3% reduced rate. with ber business, we are trusted by millions of entr

authorities ask for it - the secretary of the national security and defense council said in an interview with rbc ukraine on march 3 oleksiy danilov of ukraine oleksiy danilov did not make any statements regarding ukraine's readiness to help moldova militarily in case of russian attempts to destabilize the situation. when asked by a journalist whether kyiv is ready to support kishinev militarily, in particular , the secretary of the nsdc replied that if there is such an appeal, it can be considered taking into account all processes and the circumstances that are taking place. moreover, since we are neighbors , it was this quote that became the reason for manipulation , but danilov did not make any statements that ukraine is ready to provide moldova with military support and all the more is preparing an invasion of transnistria ukraine is making a dirty bomb using california 252 russian mass media are actively spreading the disinformation statement of the spokeswoman of the russian foreign ministry, maria sakharova, who once again tried to accuse kyiv of creating nuclear weapons according to these

it should be those banks that do not use our regulatory relaxation. please, rita margarita mordovina rbc will have two questions, the first one is related to raiffeisen bank and sberbank, which a-a developed a plan for the exchange of european and russian assets. more precisely, raiffeisen developed it, but is this plan coordinated with the bank of russia and in general, how does the regulator look at such plans, when russian sanctioned banks can exchange e with assets with western banks. and the second question concerns currency conversion, according to our data, some banks russian had difficulties with the conversion of the currency of legal entities into rubles at the same time . no such problem is observed. but, tell me, please, are you aware of this problem and does it require any response from the bank of russia, any recommendations? thanks. yeah, regarding the exchange of assets between banks, and hmm well, we don't have any common position here. this needs to be looked at, is it necessary to coordinate first, then the deal, if we are talking about e, while we can talk about trans

joining me now is janet mui, head of market analysis at rbc brewin dolphin. good morning.h your thoughts, as this started to unravel friday, there has been a lot of activity over the weekend to try to prevent any contagion orfearfactor hitting contagion or fear factor hitting markets today? good morning. — hitting markets today? good morning. the _ hitting markets today? good morning, the markets - hitting markets today? good morning, the markets have l hitting markets today? (13mm morning, the markets have been nervous and friday we saw equity markets fall but over the weekend we saw there was action from the federal reserve and the treasury and the federal corporation of insurance and their announcement that basically the us federal reserve and treasury will backstop all that depositors that that is a great relief for all of the tech companies and venture capitalists, whose deposits have been trapped in svb. that is a big development. there has also been an announcement that there will be emergency funding facility, that is to prevent banks from needing to sell their ass

hetmantsev, the head of the finance committee of the parliament, recently gave to the publication of rbckraine. in which he said something sensational in my opinion. he said that the reduction of the value added tax on fuel, which in particular is used by the armed forces forces and ukrainian farmers, peasants, everything else is sitting now after the start of a full-scale war, up to seven percent was a mistake, therefore, from july 1, the vat on fuel will return from seven percent to 20% , reports our website espresso tv. go , read the quote, remember the decision of the beginning of the 22nd year to cancel excise duty and reduction of the vat rate to 7 % on fuel it led to it will lead to the exit of the market question mark no exclamation mark illegal barrels grew like mushrooms after the rain said the hetman in that volume from july 1 vat on fuel will be restored to to war rates and which were at the level of 20%. i believe that the reduction of these rates was a huge mistake. it absolutely did not affect the price of fuel, it only affected the earnings of traders. end of quote danylo

earlier, rbc interfacing sources reported this .specified that the ministry of finance proposed the idea of ​​patriotic government bonds to the government; new tool. so the quote, as it was after the war, loans for the restoration of the national economy, but later the ministry of finance announced that the release of patriotic bonds. he didn't offer, really. he immediately clarified earlier that they were discussed at the level of an idea in the spring of 2017 in russia they began to issue federal loan bonds for the population, which could be bought through banks, but the russians showed great interest in them. and they didn’t show it in december 22. the ministry of finance said that it would no longer issue a national ofz, because they say the goal of the program was not to finance the budget, but to increase the financial literacy of the population, and it increased the rich experience of loans. states the population was accumulated in the soviet union , and often loans, coercive violence , yulia on this. i have all the time than

leader in cod production , the all-russian association of fishermen shared an optimistic forecast with rbcch refers to data from the food and agricultural organization. un associations explain all the decline in world cod stocks. as a result , both norway and russia will catch less, but russian fishermen's production will decrease not so noticeably, the all-russian association of fish industrialists notes. yes russia has a chance to strengthen its influence on the world market white fish. but the position of each country is affected not only by who caught how much. but also how fish products are made. and how it's progressing. and if you add all the factors together, they say, russian industrial fish, then norway still has the strongest position in the market in october last year, the analytical center in fig conducted a survey and there was no cod in the list of fish that russians buy most often. the most popular are mackerel , herring and pink salmon, and 31% of russians said that the main reason why they rarely buy fish high price julia on this. i have two points. thank you this was mar

as noted by rbc, sergey gordeev tried to sell columbus even before the pandemic, but then the deal didtake place. in addition to this shopping center, he also owns solaris paveletskaya plaza and under construction kuzminki mol. now the real estate market is going through a difficult period. in the beginning there was a pandemic. now the event is in ukraine and the departure of many foreign brands. and now, for example, according to focus technologies , last year the attendance of shopping centers in moscow and the moscow region fell by 25%. nevertheless, an expert in the real estate market , sayan-tsenov, says that in the south of moscow there are no direct competitors in columbus, plus the densely populated area yegor i thank you all denis at least 20 people died, about 30 injured in an accident in saudi arabia, the bus with the pilgrims was heading to one of the gamers at some point, his brakes failed. he lost control crashed the bridge overturned and caught fire most of the injuries, surviving the strongest. believers who got into an accident made a small pilgrimage in the first wee

leaders in sales among drinks with cola flavor despite the fact that it is no longer made in russia, rbces , according to it-company evotor in january 23 imported coca-cola ranked first in both the cola category and among all sweet carbonated drinks after the departure of international players. local producers of soda began to produce their analogues, but, according to the association , the rusbrand was not advertised. as a result , russians prefer familiar brands. coca-cola, according to the sale of the russian federation in the first 2 months, 23, the original coca-cola has risen in price by an average of 68%, it travels, for example, from germany, poland, great britain, albania and belarus, julia on this i have everything right now. thank you, it was marina pimenova economic review. we will now break for a short advertisement in a couple of minutes and tell you about how schoolchildren from st. petersburg established contact with the iss a in direct contact with astronauts in orbit from st. petersburg park nikolai bulkin do not switch. order a free alpha debit card with delivery, spin

, which was a record increase since the fourteenth year , the statistics of the central bank brings rbcsociation financial innovations explain what happened by the fact that from the russian market the international payment systems visa and mastercard left, so the russians opened world cards, including for the usual payment for phones, and also started chinese union pay cards. schools of management, skolkovo, part of the clients got cards not under sanctions banks, to avoid restrictions on the services of sberbank, today published ifrs reports , net profit decreased last year by 78%, up to 270.5 billion rubles. the head of the savings bank german gref nevertheless draws attention to the fact that the bank. lized the anti-crisis plan and the margin of safety allows him to return to consideration of the issue of paying dividends for the past year. now sberbank shares are growing moderately and this is pulling the entire russian stock market up. the ruble returns from the holidays with a slightly stronger dollar, below 76 euros 8029. last year, the russians sharply wanted to get internatio

eric cassidy joins us now from rbc capital markets and he's the creator of the texas ratio which is usedors to determine whether a bank could be insolvent. you were probably busy the last few weeks. you cover most of the big banks and most of the nice big regional banks and you have a positive view on them. does that imply an expectation of lending continuing and regulation not coming on? >> thank you for having me. our outlook anticipates that we are going to see more regulation as a result of what is happening here with silicon valley and signature bank. we also anticipate we will see long growth and the reason is we got nominal gdp growth. go back 75 years in this country or longer, loan growth in the u.s. banking industry is tied to nominal gdp growth. if you think we could have real growth this year of plus or -1% with inflation at 4%, our loan growth forecast is 3-5% loan growth which is down from last year. in the second half of last year, the bank was seeing double digit loan growth. we expected to slow and it will slow as a result of what we been through the last few weeks. alix

amy wu silverman of rbc. thank you. that is it for "rlidwodwe exchange."g up next >>> good morning a new lifeline for credit suisse with shares rallying after the struggling lender said it would borrow more than $53 million from the swiss national bank we take you live to zurich moments. >>> the white house looking to ban tiktok if they don't difficdivest >>> virgin orbit looking to furlough most of the staff and looking for a lifeline. >>> it is thursday, march 16th "squawk box" begins right now. >>> good morning welcome to "squawk box" here on cnbc live from the nasdaq market site in sometimes square i'm kelly evans alongside andrew ross sorkin. joe and becky are both off >> welcome to the show. >> welcome to the -- >> the early alarm how did it

head of consumer research at rbc. >>> a quick look at european markets.are trading in the green. all indices trading in positive territory. retail is leading on the back of the h&m results. we are seeing positive sentiment in the banking sector. >>> as for u.s. futures, wall street will continue to see the gains. nasdaq and s&p and dow with a higher open. jobless claims are coming into focus today. that is it for the show. i'm julianna tatelbaum >> i'm joumanna bercetche. "worldwide exchange" is coming up next. hi. i'm shannon storms bador. when we started selling my health products online our shipping process was painfully slow. then we found shipstation. now we're shipping out orders 5 times faster and thanks to shipstation's discounted rates we're saving a ton. honestly, we couldn't do it without shipstation join over 100,000 online sellers who get ship done with shipstation go to shipstation.com /tv and get 2 months free. it's hard to run a business on your own. make it easier on yourself. with shopify, you can have everything you need to streamline y

rome cassidy of rbc is coming up next -- jerome cassidy of rbc is coming up next. ♪ it's easy to gett 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. hi, i'm jason and i've lost 202 pounds on golo. being a veteran, the transition from the military into civilian 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: good morning. what a week. equity futures down .3% on the s&p 500. on the nasdaq, unchanged. futures going nowhere. i will get to moving svp in a moment. in the bond market, we have been over the place. two-year, 4.82. highest we have seen it going back to 2007. 26 basis point move lower going into payrolls. unbelievab

cinemas have lost half of the films of western studios , the entire agency’s calculation delhi leads rbcent that was on the services in march last year and that is now in the film search libraries. ivi. okokeon premiere, for example, in the film search, the number of films and series from the largest western studios has decreased from two to one thousand, so from february 1 this year, all parts of harry potter of fantastic beasts became unavailable, and the pirates of the caribbean disappeared from star wars, chapter entire delhi denis pieces. he says that over the past 20 years, russians have become accustomed to hollywood content and films, series of south korea, china, india , cannot yet compete with it, but at the same time denis continues to piece the share of hollywood films only 10% of all viewing on online platforms in the service wink explain this math by the fact that they left. mostly western films, serials, are more likely to remain in total, russian ones are meant, and the duration of the series, of course, is much longer. i'm talking about the economy all thanks to life on

left corner, while remaining free, as reported for the branding of individual services , according to rbcng cost the operator 20-30 million rubles mts president vyacheslav nikolaev explained that the company has changed a lot in recent years. and now it is not only telecommunications operators, but has set a course for creating an ecosystem. and he also says their research showed a lot that mts is no longer associated with an egg, but with red. and when asked whether the company expects that after changing the brand, some users may leave it, the head of mts said that they have egg adherents no, the austrian raiffeisenbank announced today that it is going to sell or withdraw? the bank called its structure of russian assets the conditions for doing business in russia very difficult, because the local and international legal rules that govern the exit from russia are constantly changing. it was reported that the european central bank is putting pressure on raiffeisen to leave russia or at least present a plan on how and when this will be done, according to the agency , 25% of all russian pay

guy: this is bloomberg markets, gerald cassidy, the head of rbc capital markets is joining us p.m.k time. this is bloomberg. alix: shifts are rallying, and nvidia and micron coming out with positive guidance. we will put a quote on that, investors are hoping that this will have the downturn of the chips behind them. many see this as a technology analyst joins us now. is it positive guidance? is it worth the rally we are seeing? >> think of when these companies when it comes to chips or memory and i think we are at a point where the company had a kitchen sink order, -31% growth margin and growth over $1 billion of inventory. there are probably under shipping demand which is what investors are thinking right now , given what we are hearing in terms of secular trends and chat gpt, that should involve memory. we have seen that with nvidia shipping their chips but not with the company benefiting. you can be optimistic about the second half. you do not know if it will be a four quarter correction in this cycle or eight quarters and there is a demand uncertainty when it comes to memory. g

rbc starting with the market, maintaining their call for two cuts in the second half of the year, even amid all this uncertainty. our next guest siding with the market on that debate. that is, as sara said, former pickco chief economist paul mccully. good to have you back. >> good morning, carl. >> we've had a few days to digest last week's decision. there was some debate about whether it was a dovish hike or not. what is your view on that? >> i think it was a dovish hike. i don't think there was any reason to do the hike. it was gratuitous hike, but it was dovish because chair powell recognized that effectively back on march 10th, we got a disinflationary shock. a profound disinflationary shock, that will feed through tightening of credit conditions for main street, not just wall street, through the impact on the banking system. so, essentially i think the fed's in a situation right now that the consequence of their hair on fire tightening campaign on the banking system actually is going to produce the extra disinflationary dividend. >> right. do you think the next move is, in fact, a

remember in 20,000 -- in 2017, hanging out with guy johnson, rbc made the same call.that time, guy was not interested in speaking to me about tight at all. things have changed. [laughter] they have changed between us, i hope so. in the sense that the idea there is a rumor that apple could buy disney or 8 -- or a hypothesis that can happen. that is not new. our riverwind bob iger was reinstated as ceo. you asked a question, it will not go away? guy: i don't think it will go away. we can definitely talk about it. ed: very nice. guy: look at that. beautiful. you can catch ed alongside his coanchor caroline hyde. bloomberg technology coming up. they have great gas. this is bloomberg. ♪ everything's changing so quickly. before the xfinity 10g network, we didn't have internet that let us play all at once. every device? in every room? why are you up here? when i was your age, we couldn't stream a movie when the power went out. you're only a year older than me. you have no idea how good you've got it. huh? what a time to be alive. introducing the next generation 10g network.

we will be talking with valerie tytel about this, but adam pull over at rbc says that the market onlybout the dollar, not the rate differentials. a quick look at equities. no one has given me answers yet as to why china had the massive reversal. we were up nearly 2% in the china a shares. euro stock 50 futures pretty much unchanged. let's talk about the ecb and battle lines are forming for the central bank decision next week. . one called for a campaign of tightening and others are looking at caution. joining us now is bloomberg markets reporter valerie tytel. the hawks, doves, the birds continue to squabble. valerie: these comments from holtzman yesterday were surprising. he called for not just two but four more 50 basis point hikes. that implies a terminal rate of 4.5%, a lot higher than what the market is pricing right now, and interestingly enough, he does not see the ecb hitting a neutral policy rate until they get to 4%. that is a high number from him. he also commented on qt saying there is a case for increasing the qt pace come the fall. we also heard from the doves yesterday,

is a replacement for mcdonald's i'm happy milov, as the owner of the network, alexander govor, told rbc in an interview , they plan to open their factory in 2 years according to the dialect in russia, there are no toy factories that could produce the 2 million toys needed for the network every month. for now, uh, the toys will probably be shipped from uh, china in sets. they will appear this summer. but for now in children's sets. e in the menu there are tasty points instead of a toy book with puzzles and mazes. the nineteenth krasnoyarsk economic forum began its work today, as the governor of the krasnoyarsk territory alexander us noted, the forum is taking place at a very good time, just a few days after the message of the presidents of the federal assembly. therefore, the platform provides a practical opportunity to discuss how to implement the tasks set, including the theme of the eastern age about 20 percent, we have a fairly high level , the manufacturing industry, and the necessary transition to a new level in this part and changes in the structure of our economy, the ford auto c

exposure is rbc, the shares are down in today's trading despite the fact the canadian bank beat earningstations by a wide margin. let us dive into the results. you should see the stock moving higher, that is not the case. where are the wrinkles? paul: it's been a big quarter for the banks, that is well and good. but it tends to be viewed by investors as a soft source of earnings growth, that is the issue the market has with these numbers. it was getting driven by strong performance in capital markets, trading weak spots including an unexpected run-up in expenses and soft net interest income numbers, as well. as well as provisions for credit loss numbers. amber: they bought city national. paul: it serves high net worth individuals, we saw a solid profit performance. we saw a solid performance in canada as well, but not to the degree the market was looking for. kriti: paul bagnell walking us through the numbers of one of the biggest banks and not just the world -- not just in canada, in the world. you heard him talking about the loss provisions, that is where there was surprise. not as bad

rbc is sending 2008 recessionary vibes.look at the broader commodity market as a shipping company on the ground seeing this. john wobensmith of genco will join us next. 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. 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. as a business owner, your bottom line is always top of mind. so start saving by switching to the mobile service designed for small business: comcast business mobile. flexible data plans mean you can get unlimited data or pay by the gig. all on the most reliable 5g network. with no line activation fees or term contracts. saving you up to 60% a ye

mike santoli here to break down the crucial moments of the tradingvo plus, rbc capital and5a■ stacy raskanbanking drama than we got this week so at least5v■s) noww■/sç■ we c relax, probably some end of quarter pumping going on in there too. >> the question is whether more bank issues are going toq■ crop up or are you still concerned >> scott, i think we're much clearer today than we were obviously two or three weeks agoi i think the deposit disruption that an all clear, i would say it's an all clear. >> doese1 it make you want to go big or go home,çó■so to speak? that at least on the regional if word at the moment and if you're going to invest in the banks, just go big >> it's going to be interesting, as you know, the numbers will come out beginning april 14th with jpmorgan and other large banks on that friday and i think whate■ we're going see, the numbers not just for the very large banks but for the big regional banks could surprise to the up side. as you know, the stocks have sold off very hard and there's a lot of discounting of the news going forward ande1 s■ don't thk the numbers ar

adobe they do raise the guide on both the quarter and the year at the same time, you mentioned the rbcce on a.i it's like almost 200 pages today, but one of the major points is that the risk to google search is incremental and small if you look at the bing traffic, it's basically been a blip >> yeah, it's just that they -- you have to keep coming back to the notion of, if you give money for google, for a small or medium-size business, and it says you get up in the subway, and it says, show me the best mexican restaurant nearby, tell me, and there's a queue, but now there will be no queue it will just give you an answer. it won't say, well, you can go to whichchipotle, but here's the that comes in second is that a huge part of their business no can they do other things with it yes. but the issue here is der bingal bing, which we thought was, i don't know, dead >> yeah. >> bing's a winner >> bing is a winner. for microsoft. bing is a winner >> yeah, for the first time ever >> chatgpt iv is going to change a lot. >> here he goes again. >> well, it is >> i know. >> it is, it is, it is i go

joining me now is rbc capital markets director, gerard cassidy. thank you for being here.u and i had a conversation about six months ago about the deposit basis of the major money center banks. you were so smart to bring that issue up to me and i asked jamie dimon about it and he said deposits rates are going to go higher at some point and now we see this. how would assess what has taken place this week? >> thank you, maria, for having he plea on the show. you're absolutely right, deposits, the right side of the balance sheet, that is critical. as you saw this week it showed up in spades. when you think about the banks that they closed, silicon valley bank and signature bank, their deposit mix was skewed to large commercial deposits. one of the ratios we look at very closely for jp more p begak of america or the regional banks is the percentage of he deposits that are less than $250,000 which is generally considered a consumer deposits and silicon valley, that percentage was extremely low at around 2 and-a-half percent. most of your big banks that ratio is anywhere from 35

turned out to be more expensive than in new york, london or dubai, according to analysts, she leads rbc global wealth report prepared by the international company night frang until last year, and she worked in groups in russia under her brand. the so -called million dollar index shows. how many square meters of new luxury housing can be bought for this amount this year in the rating from night frang, there are no russian cities, but if there were, then sochi would be in third place for a million dollars. there you can buy 29 m² of luxury housing, only monaco and hong kong are ahead of the elite in sochi, the company classifies only four partner complexes, she speaks in groups olga shirokova on the one hand. sochi has all the prerequisites for an increase in the demand for luxury housing there, these are sanctions and restrictions for russians on movement around the world, but on the other hand , they interfere. it will just be very high prices. and potential homebuyers in sochi are all more often choose turkey and dubai and in the economy everything is an economic review. well, we remin