stay tuned, more with howard lutnick and steven mnuchin. dow jones, a loss of 457.or, but can we stay hovering above it? ♪ ♪ my daughter has type 2 diabetes and lately i've seen this change in her. once-weekly trulicity is proven to help lower a1c. it lowers blood sugar from the first dose. and you could lose up to ten pounds. trulicity is for type 2 diabetes. it isn't for people with type 1 diabetes. it's not approved for use in children. don't take trulicity if you're allergic to it, you or your family have medullary thyroid cancer, or have multiple endocrine neoplasia syndrome type 2. stop trulicity and call your doctor right away if you have an allergic reaction, a lump or swelling in your neck, severe stomach pain, changes in vision, or diabetic retinopathy. serious side effects may include pancreatitis. taking trulicity with sulfonylurea or insulin raises low blood sugar risk. side effects include nausea, vomiting, and diarrhea, which can lead to dehydration and may worsen kidney problems. ask your doctor about once-weekly trulicity. and there you have it. woa

treasury terry steven mnuchin -- treasury secretary steven mnuchin. that is on balance of power.omberg. ♪ >> from the world of politics to the world of business, this is "balance of power" with david westin. david: from bloomberg's world headquarters in new york to our tv and radio audiences worldwide, welcome to "balance of power." concerns overfed rate hikes and what they will mean for the economy continue this week. the reaction in the markets we welcome abigail doolittle. there is reaction continuing from last week. abigail: we have stocks down on the worst since september of last year. the dow at one point down 1.6%, the worst day since the end of november. that is important. this year is all about rotation. today we have the banks down because goldman sachs put up a disappointing report. this is everything to do with rising

larry: steven mnuchin, it's almost to 180, good point, steven mnuchin said to me the other night, isnths. timing is very difficult but i'm just saying a lot of complacency should be less complacent and these job numbers today, this is not a soft job report, i beg to differ. this was really a strong jobs report, with low unemployment and rising wages, so it's tricky business, and neil, look. that's another reason, we don't need, you know, we're talking about joe manchin and so forth and others. we don't need four, $5 trillion spending package, which would add more inflation . that's manchin's biggest issue. i mean look, mark warner of virginia, whose a friend of mine , he's a good guy. he's a friend of manchin's i think the world of senator mark warner known him for years, interviewed him, talked to him and so forth, but the issue isn't so much personalities, neil. it's that manchin believes, and i think he's right on target, that after the $2 trillion spending package last winter, having another 5 trillion that's what the cbo scored it over 10 years, would just create more inflation

coming up, and exclusive interview with former treasury secretary steven mnuchin.loomberg. ♪ let's check in now on the bloomberg first word news. in the u.k., prime minister boris johnson denies he was warned not to go ahead with the party in his office garden during the first pandemic lockdown. johnson's former aide dominic cummings accused him of lying about the matter. johnson said no one told him the party was against the rules. if there is threatening johnson's political career. u.s. secretary of state antony blinken is in ukraine. he will meet with president valletta mid zelensky -- resident of a lot of air zelensky -- president volodymyr zelensky as tensions between ukraine and russia escalate. blinken will head to berlin later this week. opec sees the oil market well supported by strong demand this year. the cartel maintains a confident outlook that has allowed numbers to increase production. opec says stockpiles are considerably below their five-year average. that is your first word news. guy: thank you very much. let's talk about what is happening in the

and that those discussions included mike pompeo and steven mnuchin, two of the cabinet secretaries thatil those messages from donald trump jr., absolutely at the end of his rope, begging mark meadows to go in and get his father to stop it. and now we see sean hannity, who never revealed any of this publicly, but you see in these text messages that hannity obviously was not simply a fox news host. he was a top adviser, close confidant of donald trump, and he was at the end of his rope. he was, again, begging trump to get off of this. to stop the crazy talk of using mike pence to overturn the election, that it was going to cause the white house council's office to have lawyers resigning en masse, not just pat cipollone, but other lawyers in the council's office, and saying that trump should never talk about the election again. that was the state you were in, willie. the people absolutely closest to donald trump during these days. the people now defending him and holding him up were saying, effectively, that he was mentally unfit to lead. >> so, jeremy, this morning, "the times" has an exc