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t. rowe price we believe your investments should work harder for the future you imagine. and that's where our strategic investing approach can help. t. rowe price, invest with confidence. >> this is bloomberg markets with alix steel and jon erlichman. a of our -- for our stock of the hour. slb is releasing its first quarter results this morning. the sheriff has been under some pressure today. some focus on cash flow. we know the stock is down, but there is still a big expectation for these oil services players that because we have not seen a lot of investment in recent years, there could be a pretty interesting pipeline of business down the road. >> they would be front and center with the exposure. let's get more on this with the bloomberg oilfield reporter. a lot of analysts are positive on the stock. why is he getting hit so hard? >> a couple things. there is a blip with the business that acts like an explorer. it relies on production, and there was an outage due to a pipeline that affected production. a service company had a problem with production, and a business unit

t. rowe price our strategic investing approach can help you build the future you imagine. t. we've got a lot of great comments today from some of the most brill brilliant people on wall street. for thest most part, it just was stay the course, take your lunch. i've got to agree, but it's a lot harder when it seems like everyone else is making money and you're not. and dave sutherland pointed out why it feels that way right now, you've got 8 stocks that make up 25% of the market. you look at the end of the day, and you're wondering what are you doing wrong, and you feel awful. same thing is happening with earnings season. i've taken some big hits the last couple weeks. but then again i always take my biggest hits during earnings season. investing means real setbacks and temporary setbacks, and what separates the two, you've got to go many there and do your homework. you want to be calm, you want to be smart, you want to put your emotions to the side. dig in there, do the work. one thing you're going to see over and over again, these knee-jerk moves, stocks that go down on grea

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t. rowe price we believe your investments should work harder for the future you imagine. re our strategic investing approach can help. t. rowe price, invest with confidence. shery: donald trump is now in new york ahead of his arraignment on criminal charges. the alleged hush money payments to a point star in 2016. simone foxman is at trump tower. we have you talking about potential protests, speculation we might see violence. what has it been like on the ground around trump tower? >> there was some protesters here earlier in the day, but i speak in the past tense. there were hundreds journalists gathered here. clearly outnumbering the number of protests. as you alluded to, there are 35 members of the new york city police department, all of them have been told to stand ready, much of that focus will take place outside of the courthouse in lower manhattan. we are expected to see a protest led by marjorie taylor greene. it does not sound like exactly what was happening before january 6. at least what authorities are telling us, things are relatively under control. paul: let's

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t. rowe price we believe your investments should work harder for the future you imagine. 's where our strategic investing approach can help. t. rowe price, invest with confidence. >> this is bloomberg markets. coming up, aaron brown joins bloomberg tv at 1:30 p.m. new york time. this is bloomberg. >> you up-to-date with news from around the world, here is the first word. house republicans will vote next week on a bill to raise the debt limit and impose new cuts of government spending. president biden and other democratic leaders are refusing to offer concessions. republicans are betting at the house passes the bill, that will ramp up pressure on democrats. the debt ceiling has to be raised for the u.s. runs the risk of a default. india is not the most populous nation in the world. according to the united nations, india's population is more than 1.4 billion. the increase will put more pressure on the prime minister to create jobs. another strong inflation reading is raising the likelihood of more interest rate hikes at the bank of england. prices rose 10.1% in march from a

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i assume new work with t rowe price with glide path design is going well? >> yes. >> regarding t rowe price and the growth manager mutual fund, how is that going? >> less well. [laughter] there is significant security selection issues, predominantly in the tech sector in that fund for some time. >> are you recommending that this commission or the board should continue to be patient with them? >> our discussions at this point have not gotten to the point we recommend a search, but we are preparing to recommend a search if it does not recover and potentially worsen, we will likely come back with recommendation for a replacement search, but at this time- >> i would prepare it now. thank you. >> thank you. >> commissioners, i had asked mr. taylor to cover this page because we are in the middle of our targeted fund design, and calen is ultimately responsible for the manager selection, so this is where we see the performance of the underlying managers, and the t rowe price as investment manager they recommend the asset classes. i want to make sure we go over that

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t. rowe price we believe your investments should work harder for the future you imagine. 's where our strategic investing approach can help. t. rowe price, invest with confidence. jon: this is bloomberg markets. time for our stock of the hour and today we are looking at toronto dominion bank with shares taking a dip after an announcement marked at the most shorted bank in the world right now with roughly $3.7 billion on the line. jeffrey morgan put the story together and joins us in toronto. r this is the mostead story on the terminal in the last 20 for hours. what did we learn from this analysis? >> the investors we have spoken to are continuing to think that canadian banks are safe plays but when you look at this data, you ctd, canada's second largest bank at the top of the list and a number of other canadian banks making the list as well, scotia bank was on this list and td is at the top. what we're hearing is that there are three reasons for this. they are trying to close a deal for u.s. regional bank called first horizon. short-sellers are playing the arbitrage on thi

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t. rowe price we believe your investments should work harder for the future you imagine. d that's where our strategic investing approach can help. t. rowe price, invest with confidence. kriti: this is bloomberg markets, time for the wall street eat. bitcoin climbed above $30,000 this week, the first time since june. at the end of the day, this may be a macro story that made cryptocurrency stand out performers. the next guest said when i look at the price action, look at the excitement of the customers calling the fomo building up, it would not surprise me if we were at $30,000 by the end of the quarter. a bold call, something one -- something that has stayed the course. mike novogratz is joining us. sonali: you made this production a couple of weeks ago. you said at this price, you would be the happiest guy. so, do you feel vindicated, are we on course to stay the course? mike: a lot has changed since the beginning of the year. the government has gone full jihad against crypto, pressuring the banks not to lend to crypto companies, flurry of subpoenas and notices. despite t

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