sonali: that has carlisle thinking about it.ore about this -- to tell us more about this -- this is not your first rodeo. you were doing it at goldman and are doing it at carlisle. why is right now different than all the times before? pooja: thank you for having me today. at carlisle, we believe the investment opportunity around energy transition and re-carbonization more generally is incredibly scalable. there are opportunities for us to put capital to work. this is a global investment thesis that will play out over the next several decades. you're not going to see it just happen over the next year or two. it's our responsibility to continue to deploy capital and it will not only be resilient but perform irrespective. looking at the pipeline of deals, we see a lot of opportunities to deploy capital that fits in with energy transition and decarbonization. romaine: talk more about -- when we talk about transitioning to decarbonization, a lot of people just focus on oil, reduction in fossil fuel. we wouldn't think about it in the

i am romaine bostick sonali basak and i am sonali basak.he big car rental company raised $1.3 billion in its public debut today. shares opened down and closed down in the first day of trading, but the ipo strikes a turnaround for hertz. chicago was put on the map and hurts. today we will focus on the thousands of locations and has an around the road in the run-up to the debut. hertz made big bets in an effort to take the company in a fresh direction, leasing in order for 100,000 teslas electrify its fleet, and reportedly rip gritting -- top -- recruiting tom brady. we will look at what he took the company to go from the brink of collapse to now, e.v. disruptor? take a look at what the executive had to say about the future of the company. >> this is a transformation of hertz. you have to look at trends, mobility, electrification, shared mobility, collected -- connected cars, autonomy. >> we know our corporate travelers want electric vehicles to visit their clients and do business in. we know that our travelers want electric vehicles. it is a

sonali: some calling this an anti-synergy e-commerce move.omaine: this is bloomberg. ♪ >> from the heart of where innovation, power, and money collide, silicon valley and beyond, this is "bloomberg technology" with emily chang. emily: debates continue to rev up. he planned to sell

sonali: i'm sonali basak. taylor riggs is off today. caroline: historic run-up in home values during the pandemic. the u.s. market is at or near the peak. that's according to the housing analyst famous on wall street for calling the top of the market in 2005. for the next half hour, we will focus in on the possible warning signs and impact on investors, whether it's today's news that homeowners are cashing out as a tell as they pull equity from their homes in the highest volume since the financial crisis. maybe it's the hedge fund driving the spree. builders are struggling to keep up with demand amid shortages. all the epic rise and fall of the business that has everyone fretting. we will break down the trouble and what a possible correction can mean for the market. romaine: remember the good old days when housing prices might go up by a single digit percentage wise? that has not happened. double-digit percentage gains here, measured by the case-shiller index here. we are looking at the main correlation, a big rise. it is not just the u

sam: sonali: thank you so much -- sonali: thank you so much. 7000 square-foot branch you have opened here. you have set citigroup that this is meant to be more than a place where clients come and cash their checks. so what does this mean for citi's broader ambitions through the u.s. to open new branches? gonzalo: thank you for coming to visit us at our headquarters. it is an exciting time for us. obviously, we are a global bank. we want to connect with our customers. it is an especially of us wanting to win. we want to win at home especially, and as we look at this branch, it is an expression of us bringing together our digital first model with the personalized service and the high-tech model we are trying to have in the u.s. market. sonali: does this mean that you will commit to a larger real estate footprint and more cities across the u.s. as you previously plan to do? gonzalo: we are still thinking through our strategy, and we look forward to share that coming up in the first quarter, but what i can say is we are very focused on doubling dow

and the tone on the ground sonali:? first of all, you normally go to morgan stanley, nasdaq, or barclays. today there was a nft takeover of times square. you go to margaritaville for registration, drinks on tap 11:00 a.m., then you make it over to the main event where there are galleries of different forms of nfts. people selling things that would make -- as well as physical items, you get an nft with it. or lots of games. also, there was an esd element, which, in light of cop26 -- esg element, which in light of cop26, it was really nice to see. this was my favorite. you can buy an nft for example of an oceanic animal, and they donate to the world wildlife foundation. very wide-ranging thanks. romaine: talk to us about some of the people that were there. we have seen pictures of a lot of colorful characters down there. but we have also talked to folks who are more traditional finance folks who are pretty much knee-deep in this. sonali: so interested, you are right. a lot of people in the art world and the commerce world

sonali: absolutely. taylor: we will wake up tomorrow to another day.his is bloomberg. ♪ >> from the heart of where innovation, money and power collide, in silicon valley and beyond, this is bloomberg technology with emily chang. emily: i'm emily chang in san francisco and this is bloomberg technology. coming up, jack dorsey resigns as ceo of twitter. we will talk about what new leadership means for the future of the internet town square. plus, omic

sonali: he was made the treating chief.tant for barclays, they were the last of the big european banks to be fighting with u.s. banks in that space. jes staley, the timing was sudden. but this investigation was a couple of years running. what did jes staley say to the regulators that led to this? there's a lot that we don't know about the situation. matt: this is about what jes staley told barclays about his relationship with jeffrey epstein, and then what barclays subsequently told the regulator about that description. sonali: barclays had said the investigation didn't have any findings that mr. staley knew of jeffrey epstein's alleged crimes. that is one important defense. matt: they are just covering themselves legally with that, right? sonali: the investigation goes back to his time at jp morgan. it is not that u.s. regulators had looked at leon black, when the investigation at apollo had taken suit. a law firm was fired, that happened differently than what you are seeing at barclays, which was brought on by a regulator

sonali, thank you very much, indeed. sonali basak on more changes at jp morgan. got coming up? the world's largest ad agency helping efforts to get to net zero. the ceo joining us from cop-26 in glasgow. that conversation is next. this is bloomberg. ♪ so many people are overweight now, and asking themselves, "why can't i lose weight?" for most, the reason is insulin resistance, and they don't even know they have it. conventional starvation diets don't address insulin resistance. that's why they don't work. now there's release from golo. it naturally helps reverse insulin resistance, stops sugar cravings, and releases stubborn fat all while controlling stress and emotional eating. at last, a diet pill that actually works. go to golo.com to get yours. ♪ >> we did $80 billion of financing last year. it is a business. so we have tax credits we disclose, the difference between our rate and are paid rate for wind, solar, and low and moderate income housing. so there's lots of opportunity to make money doing this. alix: that was bank of america ceo brian monahan on day

sonali: a lot of users are very nonchalant.say it is par for the course in doing business online. should there be more financial losses for these customers, which have not happened, as we know, to this point, then that would pose a risk to robinhood. caroline: people are always worried about certain parts of their cryptocurrencies being hacked. sonali: exactly, cryptocurrencies is part of this. but also personal information. if they had gotten social security, bank account or debit card numbers which they did not get, it could have been worse. robinhood has reportedly hired a security firm to investigate this. . we don't have all the details on how the breach happened. as we know, through a phone call to a customer service representative, definitely not something that you want to see happen to other brokerages, though, as we know, all of them are vulnerable. caroline: and the shares are only off about 1%. sonali: that is a nonchalantnes s. if you are a user here, you have been hacked somewhere before. but, at the same time, 7 b

sonali: it shows you the nonchalantless.u are a user here, you have been hacked somewhere before. but, at the same time, 7 billion customers is no small number. caroline: it is not. sonali basak, thank you so much. coming up, we start to look at the end of the pandemic. what happens to all of those covid testing sites? one company says it has the answer. that is next. this is bloomberg. ♪ caroline: this is "bloomberg technology." i am caroline hyde in new york. let's get back to the financial markets. inn two da -- in two days, a big drop. a $200 million of market cap capitalization lost. it is only tuesday. ed ludlow has a breakdown on tesla. [laughter] ed: it is important to take stock of what has happened, quite literally. we are down from thursday of last week, when tesla hit a record high. there is a lot going on. elon musk, asking twitter, should i sell 10% of my stake? you have michael burry tweeting that elon musk wants to sell his stock because he is under pressure to meet his debt meet -- meet his debt obligations.

sonali: thank you for your time, brian brooks, did fury bitfury.eo of bitfury. ♪ caroline: this is bloomberg markets. i'm caroline hyde. it is time for a bloomberg business flash. warren buffett extends a selling streak. berkshire hathaway was a net seller of equities for the fourth straight quarter, selling almost $2 billion worth of stocks. history indicates buffett has struggled to find bargains with the stock market hitting all-time highs. an airport has agreed to be bought by a consortium of funds, just as australia reopens to travel. it has accepted an offer from a group of investors. the company had rejected two previous lower bids. employees at three starbucks coffee shops in new york get a decision on whether they can unionize. if so, they would be the first story ever to recognize unions. a vote in favor would be a victory for the company's labor movement. let's get a quick check on what is happening in the markets and what is coming up as we open the doors to international travelers to come to the u.s. that is helping the markets today.

sonali: 1.79%. >> that is really low.es not take much in the way -- you can just have dots saying -- it doesn't take much. to instill quite the tantrum. romaine: we are out of time. i didn't get a chance to ask you about that tie. we will sort that out. taylor: the red sox. romaine: it looks like a b. romaine: is tom keene still a red sox fan? >> he still is. romaine: this is bloomberg. every day in business brings something new. so get the flexibility of the new mobile service designed for your small business. introducing comcast business mobile. you get the most reliable network with nationwide 5g included. and you can get unlimited data for just $30 per line per month when you get four lines or mix and match data options. available now for comcast business internet customers with no line-activation fees or term contract required. see if you can save by switching today. comcast business. powering possibilities. switching wireless carriers is easy with xfinity. just lean on our helpful switch squad to help you save with

sonali: this has been a tense relationship, but we will see. many questions we may not get answers to, including the future of taiwan, more on climate change. romaine: you want to know what will happen with the tariff and trade relationship, supply chain issues. some of that is an outgrowth of the tariffs put in place in the disruptions before covid, then covid exacerbated it. there has been a push by manufacturers saying make it easier. they did that with steel and aluminum. taylor: we have to get jimmy chang back on. he had a lot of comments about supply chain issues, tariffs, and how that feeds into inflation. romaine: you have to look at the idea whether china remains investable. that does it for "what'd you miss?" that was our final thoughts. >> have a great weekend. this is bloomberg. ♪ announcer: from the heart of where innovation, money, and power collide, in silicon valley and beyond, this is "bloomberg technology" with emily chang. ♪ emily: this is "bloomberg technology." ge, toshiba, and johnson & johnson announcing

sonali basak has the full picture. sonali: you have the s&p jumping back a little higher. not a big one but it was after two days of decline and guess what, more than that the nasdaq is rising higher with the russell 2000 rising even higher than that. you have a pretty broad-based rise here on the day with volatility that hasn't been enough to deter some of the risk-taking we have seen. our crypto index is a bit lower today but recently it had hit a record high and when we look at the russell 2000 like i was talking about, we have a broad-based rally here and finally hot stocks in small caps with people worried about valuation amongst different companies a little bit, some of them moving above the moving average. taking a look as well at the tech subsectors here, we do have, as well as a rally in many of those sectors, it's not as broad-based as you were seeing in the russell 2000 that i was talking about, where you had the stock at 4.9% and the biotech index, down on the day. the china index, up 5% over there. electric vehicle makers, up 1.6% , though that is nothing when

i have seen 300 stocks down to sonali 50 years, what sequoia did years ago.ell us about your view on the new diversification if bonds are so unattractive. do i own apple, amazon, and seven other stocks? christian: it is a good point. i think you need to look for all of the sources of diversification. i think there's got to be much more potential for regional diversification. in the last 20, 30 years, all of the academic evidence is showing that there is no benefit of having a global portfolio. if anything, the best thing was to have all of your money just in the u.s. equity market, but now that we introduce inflation risk, inflation volatility, policy uncertainty, which we haven't had for the last 20, 30 years, and possibly much more macro volatility, what we could get is more diversification across the markets, and also across sectors, and the leadership is much less narrow. so it to some extent, you should not just be in the winners of the last cycle and run a really concentrated portfolio. you need to branch out a bit and diversify. the other key area whic

we also get 13 filings, i suspect as a result of which we will spending time with sonali basak tomorrow we will also have u.s. retail sales. walmart and home depot are kicking up a big week of retail earnings. plus a look at the u.k. unemployment rate in another big event of the week is the bloomberg news economy forum kicking off in singapore. it will have over 700 of the world's most influential ceos and leaders, visionaries, scientists, entrepreneurs. they will focus on areas like finance, trade, climate, and health. a big focus will be the u.s.-china relationship. that will be fascinating. 30 year yield over 2% for the first time since early november. guy: in some ways it is fascinating we have had this call between the two leaders set up tonight. it cannot be a better starting point for that conversation will be have your with a few days in terms of roller relationship between china, the united states, china and europe. it will give us a clear grounded as to where that relationship is. guy: very much -- alix: very much looking forward to that end bank attention to the rise in body