our guest is a senior vice president at franklin templeton solutions. stick with us. this is bloomberg. ♪ when you automate sales tax with avalara, you don't have to worry about things like changing tax rates, exemption certificates or filing returns. avalarahhh ahhh ahhh ahhh the first time your sales reached 100k was also the first time you hit this note... ( screams in joy) save 20% with the lowest transaction fees and keep more of what you make. with a partner that always puts you first. godaddy. tools and support for every small business first. every day, millions of things need to get to where they're going. and at chevron, we're working to help reduce the carbon intensity of the fuels that keep things moving. today, we're producing renewable diesel that can be used in existing diesel tanks. and we're committed to increasing our renewable fuels production. because as we work toward a lower carbon future, it's only human to keep moving forward. >> it looks so much in the endless earnings estimates like the fourth quarter was the recession and here we are sitting

craig templeton reports.far this season, arsenal have had the rest of the league dancing to the beat of their own drum. the only pause in the music came against united at old trafford. time for track two. united have been steadily rising up the charts, though, mostly due to the performances of their frontman. nine goals in nine games for marcus rashford. he's centre stage once again, but arsenal have someone who was once a stand—in doing something similar. eddie nketiah 1—1. the emirates volume turned up. bukayo saka was about to make it fever pitch, a drop of the shoulder and a brilliant strike and the league leaders were leading again. time to keep your focus. but unfortunately for arsenal, aaron ramsdale lost his and that meant united were level. the man with a band was lisandro martinez. but this is a different arsenal and this was their encore, zinchenko, odegaard, nketiah. a remarkable win, a remarkable game, where arsenal were on song again and they continue to march on. craig templeton, bbc news. erli

rich templeton step -- rich templeton stepping down. this is something that has been in the works for a good long time. then you have netflix. this was the big headline. not that they beat subscribers in the fourth quarter but that reed hastings is stepping down as co. sierra, greg peters gets a promotion, reed hastings remains as executive chair. this is a company he has been at the helm of for 25 years after founding in the nineteens out here and it is really interesting to see that they seem to have this place and place for a long time. you can see the stock higher in after hours. >> we have succession planning and a chairman remaining over a texas instruments, it is similar for netflix. it is interesting to bring on lucas shaw who so intimately understands this company and the inner workings of reed hastings. he is a man who is focused on culture in so many ways. what you make of who steps up? and ultimately who will have the decision-making power? >> my assumption is read will say that ted and greg get ultimate authority there. as

franklin templeton's katrina dudley spoke to me earlier. katrina: these investors have not had to focus on investments for a long time. they have been riding the lower inflation and the rising stock prices. tech investors are having to do the work that we have been doing as active stock pickers our entire career. that is why we think there is a lot of opportunity but you really need to be stock pickers. that is the key message. you cannot take this blanket paintbrush and go, i am going to go all in tech. amber: for more on the markets let's bring in jack caffrey, portfolio manager at jp morgan. i assume you always do the work but is 2023 really going to drive at home? jack: i think you are going to see much more of a market of stocks rather than the stock market. whether it is the dispersion with valuations, which are getting to be above average. whether it is what winds up driving the company's top lines. i think the challenge we have over the next two or three weeks is so many companies are in their quiet period. they might be more reacti

still to come, franklin templeton says emerging market economies have not yet experienced a sharp slowdowntate reasonably resilient. more on their market strategy at next. this is bloomberg. ♪ at booking.com, finding perfect isn't rocket science. kitchen? sorted. hot tub, why not? and of course, puppy-friendly. we don't like to say perfect, but it's pretty perfect. booking.com, booking.yeah. haslinda: indian stocks trading in four minutes, and it is pretty much risk on, nifty futures pointing up to a higher opening up .2 of 1%. let's look ahead to key stories investors are watching india. india's federal government approved an incentive to produce green hydrogen. five firms are leading the push. we will be watching stocks of india carmakers. the federation of india carmakers is said to release data. it announced the launch of a public issue of its nonconvertible debentures. it will release bonds that will mature in 27 and 39 months. rishaad: more detail into what is happening in indian markets, anand is a ceo for indian equities at franklin templeton. one of the few markets that that manag

hey, it's host you should just let cheat at board games cause the tantrum isn't worth it, tyler templeton bonnie davis. co-host, who has dated every meat packing foreman in her state, susan sheppard. and co-host warned by a cartel to quit being such an annoying part of mexico city's cocktail scene, austin sparks. if zelenskyy speaks at the oscars, then putin must be invited to the mtv awards to read the nominees for best kiss. this is "hot take." ♪ >> what's up, gas station bagel cellophane swallowers? top story -- despite it perfectly quenching our thirst for blood and violence, the national football league is not without controversy. most recently, squeamish fans were in a tizzy over buffalo bill's player damar hamlin's heart stopping on the field. for just a few short minutes. here to agree with me me getting my feelings hurt real back is host of hbo's "game theory" bomani jones. what's up, bomani? >> how you doing, man? >> fantastic. bomani, do you find it a little strange that a peace-loving country like america would wholeheartedly embrace such a violent sport like football? >> i me

. >>> hey, it's host who has a special bowl to stop me from eating too fast, tyler templeton, alongside been told they won't resuscitate her anymore at four different wave pools, bonnie davis. co-host banned from walmarts for putting a gun she didn't want to back on the "frozen 2" toy shelf, susan shepherd. and co-host who does not realize every story about his girlfriend indicates she hates him, austin sparks. cut social security so horned up 80-year-olds don't have enough cash to stalk tom brady. this is "hot take." ♪ ♪ >>> if i die, i'm still host. i don't want to hear it. >> got it. >> thank you. what's up, diy tonsillectomy gang? >>> top story -- a man i've always said was worthy of whatever job he so desires, merrick garland, announced he has appointed a special counsel to investigate joe biden for leaving the white house after swallowing 50 condoms full of classified documents. >> i gotta be honest. it feels kind of weird to talk about a biden scandal that's not completely made up. where is the artistry? i far prefer biden scandals delicately manufactured whole cloth after chuggi

reference to a representative of the non-governmental organization mainz avizers of groups and kateryna templetonthe de-occupation of the ukrainian territory, the military found anti-tank and anti-personnel mines, landmines, streamer traps, cluster munitions and a large number of shells that they exploded , it is nice to live in ukraine, she must be protected , protect hers, there are no words, there are no songs for us to praise your hero, what a difficult kryvavy the day wore down, you did not lay down your arms, you bravely went into battle, even though the enemy was terrible and harsh . there was no youth in the soul before a stronger evil, to submit to me , the road to the battle near kruty how to get financial assistance for the employment and shelter of internally displaced persons if you are an employer and have employed an internally displaced person, you have the right to compensation from the state of uah 6,500 per month for each employed person from among the vpu submit an application to the state employment service center or in electronic form through the action portal if you shelter

ah dragon, dancing, crowded templeton big family gatherings as people in china celebrate a lunar new year free from coven restrictions, plus, ah, singing in a former station, musicians in chile, take classical music to the people with the aim of making it more accessible. ah. all a stormy weather, stormy wintry weather is circulating here. round the central mediterranean. the adria tick, that's preschool or rain and snow redness as fast as the hydrogen is here. but the whole urine play in plain is rather more winter. and you might expect from that it's overcast, that we've had a good dump of snow in poland. seminar street as well. jet republic, it stopped snowing now. but what you've got over the top is a pool of low cloud and low tempt you look at these temperatures, the daytime maxes, that comes all the way down through france, where the wind exits for the road value get caught a strong wind, and they all gathers up into this big circulation. so this is the unpleasant part of wind. will you never see the sunshine? it's cold by day, but i never really snow's either. but this is more

craig templeton reports.rack two. united have been steadily rising up the charts, though, mostly due to the performances of their frontman. nine goals in nine games for marcus rashford. he's centre stage once again, but arsenal have someone who was once a stand—in doing something similar.

coming up franklin templeton fixed income cio. this is bloomberg. you up today with news from around the world. in turkey inflation decelerated at its steepest pace in more than a quarter-century century. consumer prices rose in december down from 84% the previous month. we hear from turkeys treasury and finance minister. >> and 2021 we witnessed an attack on the foreign exchange rate that lasted until the 20th of december. it was an era and especially the introduction of an fx plan. prices began to normalize and demand went back to a more reasonable level. >> the slowdown may be at risk from a public spending splurge. german -- germany open to seizing russian assets as long as he -- legal issues can be resolved. not everyone in the government is enthusiastic. the finance ministers concerned confiscating assets could create a dangerous precedent. more troubles for the u.k. prime minister. rail workers will walk off the job spark -- striking for five days. nurses and ambulance drivers plan to strike later in the month. unions are demanding bigger hik

craig templeton reports. this, prior to the tournament starting, he refused to speak to patrick reed, a player who is defected to the live to her. in the final round, the american found it impossible to ignore that shop chipping away at mcilroy�*s overnight�*s lead. it's also emerged that reads letter sent a subpoena to mcilroy and christmas eve for him, this is more thanjust a sport or —— sporting rivalry. —— or two. at the bane of the few days ago gone, this is becoming a duel in the dubai sun, another reed birdie men to the scores were tied. he would make one more to finish on 18 under par, meaning mcilroy in the group behind would need to be in the hole and two. not bad, but still a big ask. under pressure, though, the world number one so often comes up with the answer, a brilliant final shot for a one—shot twin and reed could only watch on. i shot for a one-shot twin and reed could only watch on.— could only watch on. i knew i had the chance _ could only watch on. i knew i had the chance is _ could only

senior portfolio manager at franklin templeton investment solutions. great to see you, mike why do you think we're heading for a harder fall here w >> well, not that it's guaranteed don't get overly excited great to see green on the screen after such a rough year. last year one of the top five worst markets in almost 100 years, but despite the good cpi report today we have to remember, there's still a long way to go. the wages and services component, the cpi, stickiest and will require most amount of work the fed will continue to raise rates and they know the lessons of the 1970s they're going to err on the side of raising too much rather than declare victory too early. if the fed is successful winning the battle with inflation what are we then left with? the economic slowdown and recession. how bad is that? what is the impact on earnings and that could be the next major head wind for the market it's important not to declare victory too early right now. >> one of the things that's interesting in my notes from your earlier conversations from one of our

if there is a shortage of bonds, that is what sir john templeton would've said yield -- years ago, whatpen over the space of this year? >> i don't think there is a shortage of bonds. i think there is issuance coming from corporate bond world. we have seen issuance in treasuries. if anything, the call going into the spring timeframe is that treasury will increase its coupon issuance sizes because deficits are continuing to try. we have to wait and see because of the debt ceiling. broadly speaking, there is a decent amount of supply coming into bonds. not just in the united states, but also in europe and the first quarter. there are a lot of bonds out there to be bought. that is why we are expecting modestly hired -- higher yields. that is not the case. it is a tremendous amount of demand and people are willing to knock off at 3.5%. >> how long will this last? this optimism pervading every asset class? >> the data for the most part has been mixed. on the positive side, when you look at the data from yesterday, for the fourth quarter gdp, there is a decent amount of momentum going into the

coming up, franklin templeton fixed income cio joining bloomberg tv 3:00 p.m. new york time. bloomberg. ♪ >> keeping you up today with news from around the world. disgraced crypto founder sam bankman-fried plans to plead not guilty to fraud charges today. he said to appear in federal court in manhattan after being charged with organizing a years long scam at ftx. two of his closest associates pled guilty to fraud and are cooperating with the government. germany open to seizing assets to help ukraine rebuild from the war. that as long as legal issues can be resolved and allies are on board. olaf scholz's government is enthusiastic the finance minister is concerned confiscating russian central bank assets could create a dangerous precedent. china vowing to hit back at countries that placed covid travel restrictions on its travelers. a spokesman says some lack scientific bases and were imposed for what she calls political goals. u.s., japan and other countries requiring them to show a negative test before they enter. global news 24 hours a day on air and on bloomberg quicktake,

craig templeton, bbc news.an adverse finding for a banbury turning into an adverse finding fora band banbury turning into an adverse finding for a band substate dust band substance. this fight against liam smith is about two middleweight who genuinely don't like each other— and their rivalry dates back seven years to a sparring session. eubanks as he has no recollection of it, smith says he hurt you bank with body shots. eubank is very much like his father was in the payday. when they got on stage behind me, it was clear there is no love lost between them. it clear there is no love lost between them. , . . . clear there is no love lost between them. . , clear there is no love lost between them. ., . them. it escalated quickly. was i surprised? _ them. it escalated quickly. was i surprised? no, _ them. it escalated quickly. was i surprised? no, everybody- them. it escalated quickly. was i surprised? no, everybody reacts| them. it escalated quickly. was i l surprised? no, everybody reacts in different— surprised?

miano and, and sport host nation, algeria targeting a place to the final of the african nations templeton. ah, hello there. we've got a deep area of low pressure bringing very nasty weather to the north of europe. we're talking when she wet and very strong winds to iceland as well as britain, an island pushing across into scandinavia. and we are going to see those wintry conditions. ajay way, further east, over the next few days, is looking more 2nd western areas of the mediterranean. when can be felt here, worst of that weather has been pushed for the east. so on tuesday for scotland we have got warnings out of those gale force winds. we're talking 60 to 70 kilometers per hour. they'll also affect very north of the island of island and edge in to denmark, as well as germany read warnings out here you can see it gets wetter and more wintry not just for germany as well as poland and the czech republic. and those wintery waves continue to work their way for the east. now it is feeling a lot cooler here and a happy feeling cooler for the southwest. the spain and portugal temperature. however

craig templeton reports.r own drum. the only pausing the music came against united at old trafford. time for two. united has been steadily rising up two. united has been steadily rising up the charts, mostly due to the performances of their front man. nine goals in nine games for marcus rashford. he is centre stage once again. but arsenal has someone who was once a standard doing something similar. he 11, the emirates volume turned up. a coyote psycho was about to make a fever pitch. a drop of the shoulder and a brilliant strike and league leaders were leading again. time to keep your focus. but unfortunately for arsenal ram still lost it and that met united world level. the man with the band in martinez. but this is a different arsenal and this was their encore. a remarkable win, a remarkable game where arsenal were unsung again and they continue to march on. erling haaland scored his 11th manchester city hattrick to give them a 3—0 win over wolves at the etihad. it's 25 premier league goals for the season n

there's a dinner at judge temple's house in templeton, sort of a frontier town and his daughter comes back from having spent time in new york and she has gotten used to some fine dining out there, which is already attention you know, some people are drifting into these aristocrat magic ways. and when she comes back the frontier town, she has to kind of suppress her surprise at the very food that's being prepared and her father catches this and tries to steer her away from making any comments that might be rude you know out of place. and everyone is sat around the table together, which also kind of surprises her and her father as a sort of elite figure in this town is also the one who gets to set the culture, the eating in that town. and so he's doing a kind of double role like he's trying to preside over his group, but he's also trying to make sure his doesn't say anything too embarrassing. and the way that a food is described by cooper kind of gives away his celebration of this sort of frontier life. he talks about the food that gets thrown away from the judge's table. quote, would e

five years after given the harvard address, accepted the templeton prize in religion. and in his speech i believe it was in london if i remember correctly accepting the prize change his analysis a little bit shifting the focus from courage which have been the focus of the harvard address to face. echoing abraham lincoln in his thanksgiving proclamation of 1863. the great russian writer and dissident abraham lincoln said our problems stem from the fact we have forgotten god. we have forgotten god. as he recognized if you forget god, then you forget that man, the human person, the human being, each and everyone no matter how poor, how vulnerable, how weak is made in their image and likeness of god. and therefore is the bearer of profound and inherent equal dignity. you can run a republic of fellow citizens despite their disagreements, all recognize each other is being made in the likeness of god. being pairs of dignity. even if we profoundly disagree but no matter how wrong we think they are. if there is no god and we forgotten god if we put them in the closet, paid lip

the focus on is one i would harken back to about five years after getting the -- he accepted the templeton prize in religion. in his speech, i believe it was in london, if i remember correctly, accepting the prize, solzhenitsyn changed his analysis a little bit, shifting the focus from courage, the focus of the harvard address, to faith, echoing abraham lincoln in his thanksgiving proclamation of 1863, the great russian writer and dissident echoing looks lincoln. our problems stem from the fact that we have forgotten god. we have forgotten god. how did he get a lot of problems? well, as solzhenitsyn recognized, if you forget god, you forget of the human person, the human being, each and every one, no matter how poor, how vulnerable, how weak is made in the very image and likeness of god. therefore, as -- equal dignity. you can run a republic of fellow citizens, despite their disagreements, all recognize each other as we have made in the image and likeness of god, as being bearers of dignity, deserving the respect. matter how wrong we think they are, if there is no god, if we have forgotten

would also harken back to, five years after giving that harvard address, solzhenitsyn accepted the templeton prize in religion. and in his speech, was in london if remember correctly, accepting the prize, solzhenitsyn changed his analysis a little bit, shifting the focus from courage which had been the focus of the harvard address, to face. echoing abraham lincoln in his thanksgiving proclamation of 1863. the great russian writer and dissident, abraham lincoln said our problems stem from the fact that we forgotten god. we have forgotten god. now, how do you get a lot of public from forgetting god? well, solzhenitsyn recognize if you forget god, then you forget that man, , the human person, te human being, each and everyone e come about how poor come how vulnerable, how weak, is made in the very image and likeness of god. and, therefore, is the bearer of profound and inherit, equal dignity. you can run a republic if fellow citizens despite the disagreements all recognize each other as being made in the image and likeness of god, being bears of dignity, deserving their respective newburyport v

as craig templeton reports.mances of their front man. nine goals in nine games from marcus rashford. he's centre stage once again. but arsenal have someone who was once a stand—in doing something similar. eddie nketiah,1—1. the emirates volume turned up. bukayo saka was about to make it fever pitch, a drop of the shoulder and a brilliant strike, and the league leaders were leading again. time to keep your focus. but unfortunately for arsenal, aaron ramsdale lost his and that meant united were level. the man with the band, lisandro martinez. but this is a different arsenal, and this was their encore. zinchenko, 0degaard, nketiah, a remarkable win, a remarkable game, where arsenal were on song again and they continue to march on. craig templeton, bbc news. saka loved that, didn't he? not sure as much as ian wright yesterday. he was in the studio yesterday but still had time to revel in the moment. i would say he needed to lie down after that but it looks like he had won! it down after that but it looks like he had

john templeton said there would be a shortage of bonds, in municipals, investment-grade. bonds? brian: we don't see an outright shortage. there is still a lot of paper out there. we know that that is undertaking onto tape tightening. there will be a moment when the fed stops hiking and starts cutting, starting that program, so that could also be a liquidity adding measure. we don't see the shortage just yet. also we are in a different environment than just after the financial crisis when there was a shortage of high quality paper because everyone was hunkering down. if we feel like the environment will be better this year, not as much demand for those government bonds, higher quality municipal bonds, the things that people flock to when it looks like the macro story is falling apart. lisa: tom was talking about earlier about how quantitative tightening might be ended early because of the debt limit debate, the disruptions foisted on the market from that whole drama. do you see that as a likelihood? brian: i would not call it a likelihood but a possibility. i think the fed