greg becker is with us, ceo of silicon valley bank, you just had your own numbers. at is it about roughly 50% of venture capital companies out there in the u.s., many vc firms, bank with you? you had a record year. is that likely to contain? >> it's great to be here. interesting week on bloomberg. caroline: kudos for sticking with us. we thank you. >> no problem. some calmness. we think about this daily basis, weekly basis, but to think about it longer-term. we had a great year last year. last year was a record year in almost every category. we had almost 70% asset growth. our net interest rate was up, incredible. and we had a great fourth quarter. what was also positive is we increased our guidance for 2022. and that's before there was any benefit of rates. so that's the good news. clearly the challenge is what we're all seeing right now, the tech correction we're watching on a daily basis. caroline: from your perspective, did you see it coming? did you feel this is where valuations had gone too far too fast and needed to see some realignment? four did this take you

each year, silicon valley bank releases a state of the wine industry report. the 2022 version has an alarming finding that wine consumption last year was flat. no growth. baby boomers drink the most wine, but they're not going to last forever. so urgent conclusion here. attract younger wine drinkers. this has been an issue in wine country for generations. especially millennials who are entering their mid 30s. the authors have a strategy. forgetting those millennials to start drinking more wine. launch a pr promotion such as the got milk ad campaign many years ago. >> got wine? >> drink up. >> we're getting closer to game time. the 49ers leave for green bay tomorrow. tonight, we're going to check in with aaron rodgers and jimmy g., who say forget about the team's previous matchup. when you have xfinity xfi, you have peace of mind built in at no extra cost. advanced security helps keep your family protected online. pause wifi whenever for ultimate control with the xfinity app. and family-safe browsing gives parents one less thing to worry about. security, contro

tomorrow, we are going to be speaking to the ceo of silicon valley bank on all of their offerings.'t want to miss it. ♪ and there you have it. woah. wireless on the most reliable network nationwide. wow. big deal. we get unlimited for just 30 bucks. sweet, but mine has 5g included. relax people. my wireless is crushing it. that's because you all have xfinity mobile with your internet. it's wireless so good, it keeps one-upping itself. take the savings challenge at xfinitymobile.com/mysavings or visit an xfinity store to learn how our switch squad makes it easy to switch and save hundreds. haidi: good morning. we are counting down to asia's major market open. shery: the nasdaq 100 fell into correction. new pressure on china tech.

june and tomorrow, we will be speaking with one person ceo of , a silicon valley bank on all of their don't want to miss it. ♪ and there you have it. woah. wireless on the most reliable network nationwide. wow. big deal. we get unlimited for just 30 bucks. sweet, but mine has 5g included. relax people. my wireless is crushing it. that's because you all have xfinity mobile with your internet. it's wireless so good, it keeps one-upping itself. take the savings challenge at xfinitymobile.com/mysavings or visit an xfinity store to learn how our switch squad makes it easy to switch and save hundreds. announcer: the following is a paid program. the opinions and views expressed do not reflect those of bloomberg lp, its affiliates, or its employees. >> many times i've been out here with a new coin release and i've asked for a drumroll. in all honesty, it has been nothing but hyperbole. i would really like a drumroll. i releasing i should have one. i think this is the singular

we like other areas of the sector like silicon valley bank which dabbles in private equity, bringings well and companies need to be able to provide cash, hard cash. that is going to expand their profit margins as well. a name like silicon valley, they are planning to bring in five billion in funding over the next five years. lauren: okay. then you know what we're talking about the banks. we have to talk about interest rates. they're going up, how much we don't know. i would say, baked in the cake you get your first rate hike in march but the pobc in china cut rates. i thought that was pretty unexpected. i know they have to drum up their economy. their full year growth came in 8.1%. it is a lot but less than expected. the numbers for this year are not looking as good. they have the zero tolerance covid policy they're home of the supply chains which creates inflation here in the u.s. and the rest of the world. how many rate hikes do you see quickly? >> i see three to four coming in. rates need to go up to manage our inflation at the moment. lauren: eva, thank you so much for the time.

banks. >> some generous donors are actually matching contributions until midnight tonight. >> one donor is tripling donations made to second harvest to silicon valley. that food bank is currently facing a $4 million budget shortfall. another donor is also triple matching contributions to the san francisco marin food bank. >> and steph and aisha currys eat, learn, play foundation is matching donations to the alameda county community food bank up to $50,000. it is facing a $2 million shortfall. every dollar counts, and you can find links to make a donation on kpix.com/give. >>> still ahead, going country to ring in the new year. a preview of nashville's big bash coming up tonight on cvs. >>> if you have not made plans for new years, we have you covered. >> you don't have to leave your house. tonight you can bring in 2022 with high-energy performances of some of the greatest country music songs in new year's eves live, nashville's big bats. we talked to host bobby bones about the lineup. >> he will see blake shelton performing from his bar, and miranda lambert from her place. you know, lou bryant, and i could go down the lineup all of the stars, but i

reporter: diane works for second harvest of silicon valley, a food bank based in san jose.she says the situation has gotten so desperate that second harvest is considering hiring temporary labor, they could cost an extra $50,000 a week. >> sometimes we're spending more money to buy pre-box produce. reporter: the call for help was answered on monday thanks to a group of volunteers from the regional medical center of san jose came in for a day of service in honor of martin luther king jr. day. >> this gives us an opportunity instead of taking a day off to serve our community in more ways than one. reporter: canwest is the ceo of the medical center. he says spending the date helping those most in need is the best way for him and his colleagues to put dr. king's message and action. >> this type of work fills you up. we want to be an inspiration to others who may be sitting at home. reporter: they say covid cases have been the main region behine staffing shortages. >> that is about 80% increase over what we were doing pre-pandemic. reporter: despite the challenges, she says they

growth come from acquisitions in the future or organic congratulations this morning named by silicon valley bank volume tell us about that kind of growth what you are seeing in terms of employees getting back to work are you seeing companies say we don't need space because people are not coming back to work or a different situation when it comes to biopharma. >> it is an interesting just positioning you will be talking i know to jamie dimon tomorrow i think there is a big effort to try to get the workforce back at least even part time, and ultimately i am not a believer we are going off if a full five day workweek quite a number of years maybe if ever, in our world in world of research and development, you can't do lab work at home, not many people have a biology lab or chemistry lab in their home people have to be in the lab. the executives can work from home and do work from home but spend a good deal of time coordinating in the lab the demand for absolutely lab space and ability to produce these complex nexgen medicines we just talked about, mrna gene therapy cell therapy you need integrated

oh bay area food banks say they're facing a critical shortage of volunteers . second harvest of silicon valleyunty community food bank and the san francisco marine food bank are all reporting an increase in requests for home deliveries of free groceries as more people are forced to isolate due to this overgrown surge. food banks say they typically see a drop in volunteers during the holidays in the early months of the year, but that's not the only problem they're facing right now. need increased whole lot during the start of the pandemic, and it has not gone back down. but volunteer numbers are just they keep changing, and there's some seasonality. genuine february is always a hard time. and with the current conditions we're seeing even less volunteers right now. if you'd like to volunteer to help you can sign up any time with your local food bank. we also have information on our website ktvu .com. all right. it's almost that time. nine our gang. the team is on the way to dallas for a huge wealth card game coming up, we'll talk to our sports director, mark avancez. plus a sky high saved when a

bay area food banks say they are facing a critical shortage of volunteers. second harvest of silicon valleya county community food bank and the san francisco marine food banker all reporting an increase in requests for home deliveries of free groceries as more people are forced to isolate. due to the omicron search. now, food banks say they typically see a drop in volunteers following the holidays. and if you would like to volunteer, you can sign up with your local food bank. tennis star novak djokovic is facing deportation once again after the australian government revoked his visa for a second time, australia's immigration minister announced today. he took this action due to djokovic's refusal to get vaccinated for covid. at a court hearing, a judge said that djokovic would not be detained or deported. instead he'll meet with australian immigration officials while he challenges the visa cancelation. deportation from australia can lead to a three year ban, which could potentially rule the 34 year old out of playing the open for the rest of his career still to come at noon, challenges conti

they area food banks issued a joint plea today they say they are facing a critical shortage of volunteers. second harvest of silicon valley, alameda county community food bank and the san francisco marin food banker all reporting an increase in people who need their services. but a drop in volunteers for more on this. we're joined by cody jiang, associate director of community engagement. thank you so much for joining us today. cody, give us this background here on this call to action for people to step up and help you guys out. thank you for having me. yeah like you were saying that need increased whole lot during the start of the pandemic, and it has not gone back down. but volunteer numbers are just they keep changing, and there's some seasonality. genuine february is always a hard time and with the current conditions that we're seeing even less volunteers right now, when you say current conditions are are you also talking about this omicron surgeon? how is that impacting operations? absolutely so we are still going full speed operating as we as we have been serving more people than ever before, but we're doing it with

like food banks all over the bay area, second harvest silicon valley is busy. and struggling to find what they need to keep up. >> it's been a struggle for us right now. >> reporter: specifically it's been tough to get healthy volunteers. yet another link in the supply chain hit by covid. >> it's definitely affected us. we're not getting -- we used to sell out volunteer shifts way in advance. right now we're still seeing shifts where we're not getting enough people. >> reporter: look closely at the window outside your favorite coffee shop or restaurant. chances are you'll see "help needed" signs. >> people are getting sick. >> reporter: some can't even stay open full-time because so many employees have covid. >> even harder to find people to work. everybody are just scared to catch covid. >> reporter: here at the food bank, they say they're determined to get people what they need. they're just hoping people can help meet their need as well. so they are looking for volunteers. if you think you can help, your local food bank has volunteer sign-ups online. check t

. >> right now, food banks are in dire need of volunteers. second harvest of silicon valley had a special mlk day sorting today. on a normal day there has not been enough help to get things done. volunteers usually make up a quarter of their workforce, but lately, omicron has kept many people away. >> it's been tough. what has been happening is, we normally fill up our volunteer shifts. volunteer shifts are not filling up at all right now. it feels a little bit like march of 2020. so, we are in desperate need of volunteers. we cannot do this work without them. >> a lot of organizations need help. if you want more information on helping bay area food banks, just check out kpix.com/give . >> they do such amazing work in our communities. needed more than ever right now. >>> thank you for watching tonight at 6:00. the news continues streaming on cbsn bay area. you can find it on the kpix 5 captio pons cb ♪ ♪ ♪ captioning sponsored by cbs >> o'donnell: tonight, as the east coast digs out from a monster snowstorm, we're track ago new weather system that could hit later this week.

cheryl: really, where we think the value in the regional banks face, i would characterize them as niche market players. names like signature, silicon valley have very differentiated growth strategy -- higher growth strategy. i still think there is space for inorganic growth. i think the business model matters here. stock-digging will be critical. taylor: i think about the long-term strategy. we have huge private equity firms that can keep balance sheets with fintech if they want to be. how then does a bank stay competitive, if all of that is happening on the outside? cheryl: i think it is the differentiation of the leading models. we see a lot of community banks that have specific landing -- lending niches, just more businesses or dental practices. it carves out a competitive advantage for themselves within that space. that is not to see we -- say we don't see value across financials. that is predicated on positive fundamentals. there is room for the banks to grow and take share. the footprint and execution is the key along with the strategy. caroline: do you want to get into financially focused investment? cheryl: we are very positive on

overall banks are looking healthy in 2022 you really want banks that have a steep management diversified were looking at jp morgan in silicon valleyete grappling with the rate hikes, but also midterm elections are sometimes candace try to drop their base with anti- rhetoric. jack: thanks for that, ben what caught your eye? >> i like utilities i think that price appreciation the utility sector is one of the worst performing sectors in 2020 when they will do a lot better in 2022. >> carlton bennett like those pics, inject cheers viewers check out this week that parents are, the rest of and or stock picks and for the new year, new times for the shewbread were headed to the weekend starting next week. no more friday evening. you can catch parent roundtables a saturday and sunday at 10:00 a.m. and 11:30 a.m. eastern right here on foxbusines

banks are sounding the alarm. they are in dire need of volunteers. second harvest of silicon valley, there was a special mlk sorting today. but on a normal date there hasn't been enough help to get things done. volunteers usually make up one quarter of the workforce. lately omicron has kept many people away. >> our volunteers are not filling up at all. it feels like march 2020. so, we are in desperate need of volunteers. we cannot do this work without them. >> if you want more information on helping second harvest or other bay area food banks, check out kpix.com/give. >>> today betty white is trending on what would've been her 100th birthday. fans are honoring the beloved actress with the betty white challenge. the grassroots campaign for giving. >> reporter: this challenge is encouraging people to donate five dollars to an animal shelter. betty white wasn't just an actress, many people remember her for being a kind and loving person who adored animals. we will here locally with this challenge some shelters are seeing a difference. >> betty white was even more than an advocate, she

there a lot of people who work in silicon valley and feel that they are masters of the universe to use a phrase we all know. if you have $150 billion of cash in the bank you can do anything. humility is not the greatest virtue of some people in some parts of silicon valley. tom: david rubenstein, master of the universe and a member of carlisle. his interview with darren walker, look for that tonight. lisa, i think it is a huge deal. i do not know with the social outcome is, but the norm is this of the cash on this profit making, i love the phrase new defensive's. the caches draw dropping. lisa: so is there market scope. we talk about this all the time. washington, d.c. is increasingly talking about when is it too big and what they could do and what they should do in their more talks today, although people are like, yeah, you will not do anything. tom: my answer is due something postop do something creative. i do not know what would be. i did not have the numbers in front of me mama but i think it adds up to four gazillion. libby cantrill at 12:00 today. the president of the 4:00 hour. stay with us on bloomberg -- on radio and television. this is bloom

in fact bay area food banks say the volunteer ranks are so low they struggle to meet demand for packing food and making deliveries. organizations like second harvest silicon valley insist they will find a way but are asking people to go online and sign up for volunteer shifts if they can. >> it's definitely affected us. we're not getting -- we used to sell out vovts shifts in advance we are not getting enough people. >> you may have noticed signs like this on the coffee or sandwich shop. some small businesses have had to cut back hours of operation recently because they don't have the workforce to stay open full-time. >> cal state east bay announced it's starting the spring semester online. the school says it will take the first two weeks virtual and classes will be back in person on january 31st. the semester starts on january 18th amp the martin luther king jr. holiday, coming up. the school says its decision to go remote applies only to instructional activities. the hayward concord and oakland campuses remain fully open for services starting the 18th. >>> remember, were it's masks, school changes or even just the latest news on the pandemic, find it all on ou

fact, food banks across the bay area say their volunteer ranks are so low, they're struggling to pack up donated food and get it out to those who need it badly. second harvest silicon valley insist they'll find a way but want people to sign up for volunteer shifts if they're healthy. >> it's definitely affected us. we used to sell out volunteer shifts way in advance and right now we're not getting enough people. >> the rise in cases also means you're likely seeing a lot more signs like this posted in the window of your local coffee shop or sandwich shop. in fact, some small businesses tell us they had to cut back their hours of operation because they don't have enough healthy employees to stay open full time. >>> also tonight, the sheriff of the bay area's biggest county called in front of a judge to answer misconduct allegations. those allegations were filed by a civil grand jury. the charges aren't criminal, but the sheriff loses this case, legal experts say state law requires that she's removed from office. our senior investigative reporter stephen stock was allowed to follow today's public hearing on zoom but could not record it under the judge's order. there are seve

but one bank looking past the fanfare and pointing out why that could actually be a risk for stocks. >>> one time silicone valley super star elizabeth holmes found guilty on fraud charges. we'll take you inside the courtroom. >>> decision day for opec, under pressure from the white house, as oil is back to where it was before the spr release >>> later, the results are in. we'll speak to the stock picker who won our go big or go home series and the names he loves right now on this tuesday, january 4th, and this is "worldwide exchange. >>> good morning, good afternoon, good evening, and welcome from wherever in the world you may be watching. i'm brian sullivan, thanks for joining us on a tuesday, we have a lot to do. and again, it looks like a solid start for your money, because futures, they are higher across the board once again not huge gains, but we are seeing about two to three tenths of a percent on all the major stock indexes. now this coming off a new record to begin the year. most stocks and stock groups rose on monday in fact, 11 s&p 500 stocks, they rose more than 5% to start the year and here's maybe a

bank account. we see this upward twin -- trend continuing this year. rishaad: the thing is, this silicon valleyg up to all this --- is silicon valley waking up to all this? are they waking up to the opportunities in vietnam? is it similar to the ones that are using the vietnam diaz brought in so can valley -- dias diaspora in silicon valley? guest: we have seen volume increase over the last few years. there is only about $48 million in venture capital. that grew to $800 million by 2019. last year, it grew to $2.1 billion. this growth is attracting top-tier silicon valley investors to vietnam, such as excel, good water, and oculus. growth is where it is at. if you think about that google report on southwest asia, vietnam is forecast to become the second-largest digital economy by 2030, reaching two thirds of indonesia with only one third of the population. we do think that while vietnam is early and going through a term this amount of growth, it will put it as an important hub in the region. rishaad: give me one company or one start up, one industry group that excites you most in the country? gu

but one bank looking past the fanfare and pointing out why that could actually be a risk for stocks. >>> one time silicone valley found guilty on fraud charges. we'll take you inside the courtroom. >>> decision day for

bank weighing a 15% increase to a bonus pool amid the talent war. we know that this is going to be in the ongoing war for talent on wall street and silicon valley.e warning the ecb gave. those shares still under pressure. guy: jamie dimon saying last week, maybe the week before, we will do whatever it takes to get the top talent. we will pay for it. european stocks are higher as we head towards the close, around 30 minutes away from that close. context is everything. europe closed at session lows yesterday, but u.s. market scott that enormous rally -- u.s. markets. that enormous rally. jane foley, rebel bankhead of fx strategy -- rabobank head of fx strategy, joining us next. this is bloomberg. ♪ guy:guy: european stocks recover. every sickle sector, bar technology, trading higher today. the count under the close starts right now -- the countdown to the close starts right now. >> the countdown is on in europe. this is "bloomberg markets: european close," with guy johnson and alix steel. ♪ guy: 30 minutes to the close here in europe. european equities back on the front foot. 459 is where we are trading, but context is important. we closed in euro

doing, final topic question you are in silicon valley you are meeting with new clients, lot of clients in technology already instituted a lot of new innovations at the bankwould love to get your thoughts what new york city and miami are doing their instituting cryptocurrency into financial system. >> yeah, so first thing is -- my whole life technology has been main driver, change, you wouldn't have you mutual funds without change digital, alerts only you get free trading that is how you compete in the world, so, that is always been true and real issues, get it done, not get slow -- stuff like that, we are all in, in cloud aimenti digital a lot of work you've got to learn going to make mistakes doing it as you say tough competition everywhere all for it going to have wins and losses stuff like that, as far as, line, we have a lot of ventures will continue to buy companies in this area, and -- so we're convinced we will be able to build great jpmorgan and compete in all these areas is style, a lot of these people very smart do really creative stuff new standard is now we have to compete we are going to do that. maria: so sounds like more fintech acquisitio