and the moment 95—year—old tom street found he'd broken a world record — for playing in a brass band.bbc news... for playing in a brass band. can frank lampard and chelsea save their season? they need to overturn a 2—0 deficit against real madrid in the champions league. on bbc london the plan to ban machetes and zombie knives. a london knife crime film maker supports action to tighten up the laws. good evening. police in scotland investigating the finances of the scottish national party have made a second arrest — this time of the snp�*s treasurer colin beattie. officers are examining how more than £600,000 of donations, which were raised for the campaign for independence, were used. it comes two weeks after the party's former chief executive peter murrell — who is nicola sturgeon�*s husband — was also arrested. he was subsequently released without charge pending further investigation. officers spent two days searching ms sturgeon and mr murrell�*s home as well as the party's headquarters in edinburgh. our scotland editorjames cook has the story. colin beattie is not a familiar face.

. ♪ >> this is the moment 95-year-old tom street found out he was an official guinness world record holderlongest-serving male member of a brass band. >> looking around and seeing all the friends who were here. i love to see how they have all come along because of played with them through the years. >> tom joined the band when he was 14 years old. he has been a member for over 82 years. >> i think without him, the band wouldn't exist or wouldn't be here today. it is an amazing effort. >> the whole surprised was arranged by tom's grandson who spent nine months gathering all the evidence guinness needed to award tom the record. >> i told him we were going to the pub, which is a very easy thing for him to get out of the house and go do. >> having him be recognized for all his hard work with the world record is only one way to celebrate. >> before we go, here is a new discovery, new coral reef has been found in ecuador's galapagos island and it is said to be more than -- said to be totally pristine. more than a mile long, and abundance of marine life can be found here, and the reef has more th

tom street, from heage in derbyshire, has been named as the longest—serving man to play in a brass bandfinances of the scottish national party have made a second arrest, this time of the snp's treasurer colin beattie. officers are examining how more than £600,000 of donations, which were raised for independence campaigning, were used. it comes two weeks after the party's former chief executive peter murrell — who is nicola sturgeon�*s husband — was also arrested. he was subsequently released without charge pending further investigation. officers spent two days searching ms sturgeon and mr murrell�*s home as well as the party's headquarters in edinburgh. our scotland editor james cook has the story. colin beattie is not a familiar face. but the man who was once an international banker was at the heart of the snp for two decades, holding the purse strings as the party soared in popularity and gained power. at around sam, the msp for midlothian north and musselburgh was arrested here at his home in dalkeith and taken into custody to be questioned as a suspect by detectives investigating th

all day in new york city on high alert, police lining the streets around tom mcmahon trump tower as he raised his fist giving a wave as he stepped into a car. as his motorcade made its way downtown, sources tell abc news that apart from the secret service detail the former president road alone. no lawyers, no family, no advisors with him. approaching criminal court and lower manhattan, posting on social media "seems so surreal, wow, they are going to arrest me." outside court, small groups of supporters and opponents come police keeping the peace as the former president arrived. inside he surrendered, he was arrested, booked, and processed like a common criminal. his fingerprints taken, but no mug shot. he was taken upstairs in an elevator usually reserved for judges, stone-faced officers escorting him into the courtr courtroom. >> president trump, will you come speak to us, president trump? >> than that first picture, shoulders slumped, hands in his lap, flanked by his lawyers minutes later the indictment unsealed, the former president himself pleading not guilty to those 34 felony ch

tonight protesters telling us they will hit the streets again tomorrow. whit? >> tom, thank you. >>> next year the justice department announcing a sweeping crackdown on mexico's cartel and it's global network accusing them of feeling america's fentanyl crisis. charging 28 people includinglan- three sons of el chapo who is serving a life sentence here in the u.s. chemical suppliers in china also being charged. eight of the accused are in custody. the u.s. offering rewards for several others. >>> when we come back the state becoming the first in the nation to pass a bill banning tiktok on all personal devices. >>> after 35 years, the final curtain call for one of broadway's most iconic shows. we're here today to set the record straight about dupuytren's contracture. surgery is not your only treatment option. people may think their contracture has to be severe to be treated, but it doesn't. visit findahandspecialist.com today to get started. when you find your reason to go on, let it pull you past the doubt. past the pain, and past your limits. no matter what, we go on.

tom: a lift from china, 4.5%. secondary lift moments ago, up to the 4200 level. what percent of the street is that? ve minutes away potentially. tom: 60% of the street is looking for something. jonathan: we talked about the range from 3800 4200 all year and if we break it, it looks like we will break it to the upside. china gdp retail sales better than expected. citi in for six handles on growth for gdp. trading numbers from bank of america decent is that decent for goldman? lisa: does it take to set up the short squeeze? if you look at the short positions in the s&p, highest levels going back to 2011. the catalysts are not enough because they don't say the economy is all clear. they are saying wall street is minting profits and the millions at the expense of smaller firms. tom: the banks of -- the bank of america sales of the quarter were impressive. the short squeeze is important. there are different kinds of short squeeze. the traders spend time in the hedge funds. are they getting squeezed out or panicking, but there is also an american public short squeeze coming out of covid, the pandemic. whe

heklina was honored by those who took to the streets today. and, our tom johnson was there. >> reporter: they march from san francisco city hall and through downtown to say enough is enough. in 33 states across the united states, lgbtq communities are being targeted in their own legislatures. more than 300 bills in this legislation session have banned gender affirming care. >> we are joyful and we are hopeful. >> i don't think the laws reflect the will of the people. it is the lawmakers who we are opposing. >> people showed up in huge numbers to join the rally and march that was titled dragon up and fight back. >> i am here to support that dragon is not legal. there are people in drag everywhere. even in work it is called corporate drag. >> i am here because dragon is not a crime. trans rights are human rights and the lgbtq community will not be silenced and erased. we will not be criminalized. >> the san francisco democratic party helped to organize the event with the sisters of indulgent. they use it drag and religious imagery to draw attention to religi

tom: i stopped up on you street for the chilly bowl. they are still calling them french fries.ntinue? jonathan: i am going to. we listen to u.s. and european officials, they are most pretending this tension does not exist. how much tension is there right now over trade, big foreign-policy issues? julie: obviously, there are tensions. i would say -- i do not want to overstate them. right now, the most immediate issue is ukraine. i think the u.s., france and other nato countries are -- that is where the alliance needs to stay tight and it has. china has always been complicated, there has always been a difference between european and u.s. approaches to china. even macron's comments are a bit more -- probably shared by others, even though people are quick to critique him. i think a lot of european states as well as other states on the periphery are realistic about the fact china is going to take a more nuanced approach from any state where interests are. that is a reality. jonathan: thanks for the perspective and reality check, as always. just to recap some headlines from a u.s. of

look across the street here, instead of the bike lane that i'm standing in, which again is often full of double parked cars , the bike lane will be where that bus is right now. >> reporter: tom maguire is the director of the streets division. he says the project would not only help cyclists but also pedestrians. because after the center bike lanes go in, the cars will no longer be able to turn left. >> we will get the cyclists away from the parked cars and we are banning left turns. >> reporter: but not everyone is convinced . katie told me she and a lot of her friends have concerns. >> like when a car needs to turn left or a cyclist needs to turn right, what would that look like and is everyone ready for that at every single intersection? the other thing i worry about is you've got cyclists coming at each other without much margin for error , and we are not encased in steel boxes, we are just on our bikes. >> reporter: the new lanes are slated to open in may. tom says he just hopes everyone will give the project a chance. >> we are committed to coming back to the public with a lot of transparency and a lot of data about what is working and what is not working. we wouldn't p

the fight after the protests are back on the streets more than 100 people arrested. abc's tom is in paris. good evening. >> reporter: as you can see, there is a heavy police presence on the streets of paris tonight. police officers trying to quell pockets of protest. earlier demonstrators clashing with riot police setting fire to bins and bicycles. the government hoping to raise the minimum retirement age from 62 to 64 without the democratic vote has been approved by france's constitutional council after months of protest. president emmanuel macron saying this reform is needed to balance the books. but the union is rejecting a meeting with micro next week and promising more strikes tonight. protesters telling us they will hit the streets again tomorrow. whit? >> thank you. >>> next year the justice department announcing a sweeping crackdown on mexico's cartel and it's global network of accusing them of fueling america's fentanyl crisis. attorney general merrick garland charging 28 people including three sons of el chapo who is serving a life sentence in the u.s. chemical suppl

street. my tongue, as described is tom working at the new york times in the late halting. we can watch the full interview today on our t, but for now his, if one of the most important stories i wrote about the cia spying on america, which is a, i'm self publishing in essence. but i will tell, you know, if that was the new york times, not printing important alleged whistle blows. that's a new one has no, ma'am, but i sometimes do. i'm but, but she was a biden. i trumped a ticket in 2024. has there been, i think, to make a very distinct commitment to being pro bush said about what are that mission took place in back to the it does wash to way k as has delayed it. san tessa painted commander also says they are facing a lack of soldiers and equip mention, already exhausted, inch it or recovering, or they have doth fight, massive western weapons provisions to key as a, something in the actions. and not only for heavy weaponry law. professor andre thomas halogens of this conflict. and this sir, this conflict is a legend of why why they keep furnishing all of those. they will fin

tom: i am biased on this at my childhood like a switch -- swiss watch, but the answer is i am hugely biased like wall streetaying, it will go away. and yet i am watching markets say to me, maybe this time is different. jonathan: there is always that worried. tom: this is lisa's world. lisa: things have gotten more polarized. and it emphasizes how partisan wall street and washington has gotten. jonathan: affects markets. one point 10 on euro-dollar. ♪ i could totally live to be 100! why do i keep taking such good care of my- since we started working with empower, we're able to get all our financial questions answered, so we don't have to worry. so you never- no. never. join 17 million people and take control of your financial future to empower what's next. start today at empower.com as a business owner, your bottom line of your financial future to empower what's next. is always top of mind. so start saving by switching to the mobile service designed for small business: comcast business mobile. flexible data plans mean you can get unlimited data or pay by the gig. all on the most reliable 5g network, with no

that is why we see such a spread on the streets. tom away from financial analysis, and far more to a pure gdp analysis of 3% moving under 2%. if you get under 1% u.s. gdp dialogue present or estimates into the future, that is when you have to change your dialogue. jonathan: joining us is alicia levine from bny mellon wealth management. wonderful to catch up with you. we miss you. she is up in new york. i want to start with a line from bank of america. michael hartnett says investors are too optimistic on rate cuts and not pessimistic enough on recession. alicia: the equity market is in that betwixt and between place of incorporating both the chance of a mild recession and a soft landing. if you think about where the earning spread could be in either of these scenarios, on the recession side you are down to about $190 a share for s&p earnings and on the soft landing you are at about 230. right now the market is trading at the midway point and can go either way. the market is agnostic about the recession and the market is not pricing in a

tom: lots going on, a must-listen for wall street, this is "bloomberg surveillance." ♪ tom: lisa abramowiczom keene, good morning to all of you. jonathan ferro on assignment after a late night australian grand prix. we are getting a market check, we are so fired up we misted the last time around. red and green, the screen right now. 20,000, showing the enthusiasm. it is not really a drama number. lisa: it is not the level, it is the direction. people are starting on the margins to rethink a rate cut cycle that they were priced in previously because of potentially higher oil for longer. tom: i'm sorry, the 10 year real yield gets my attention as we can press down. it is sort of a grind, not very romantic. 1.19 percent gets my attention. then i go over with oil making a splash today, no pun intended. that would be stunning if europe breaks out stronger versus a surprisingly we yen -- weak yen. lisa: i got that, he wanted to get to the mets and how they won. tom: i watched the mets of the first time since 1986 and this japanese guy, he is phenomenal. he was almost in tears when he came off the

tom, thank you. meantime lawyers for "the wall street journal" reporters behind bars in russia accused of espionage tonight. russian president monitoring group visited evan in a prison where he's being held. reporting that he is cheerful and in if convicted and comes after se antony blinken made an appeal to the russian foreign sterling heights and three called for him to be released. when we come back on this monday night, the deadly trench collapse at jfk airport tonight, workers killed. more in a moment. only il-23 inhibitor that can deliver clinical remission and endoscopic improvement. serious allergic reactions and an increased risk of infections or a lower ability to fight them may occur. tell your doctor if you have an infection or symptoms, had a vaccine or plan to. liver problems may occur in crohn's disease. control of crohn's means everything to me. ask your gastroenterologist about skyrizi. ♪ control is everything to me ♪ learn how abbvie could help you save. targets are on site. were you followed? no. do you have the assets? it's all here, as we discussed. (whispering) i'm in position. - shou

look across the street here, instead of the bike lane that i'm standing in now , which again is often full of double parked cars, the bike lane will be without us is right now. >> reporter: tom maguire is the director of the streets division at sf mta. he said the project will not only help cyclists but also pedestrians. because after the center bike lanes going, cars will no longer be able to turn left. >> will get the cyclist away from the parked cars and ban the left turns to project the pedestrians. >> reporter: not everyone is convinced the plan is a good idea. katie told me she and a lot of her cyclist friends have concerns. >> like, when a car needs to turn left or cyclist needs to turn right, what does that traffic had look like and is everyone ready for that at every single intersection? and i worry about the center bike lanes, you got cyclist coming at each other. without much margin for error. and we are not encased in steel boxes. we are just on our bikes. >> reporter: the new lanes are slated to open in may. tom says he just hopes everyone would give the project a chance. >> we are committed to coming back to our board and coming back to the public with a lot of

tom. >>> things will look a little different on the streets of san francisco , most especially in the downtown. we have a timeline for a brand- new pant plan to bring in the national guard and chp to help crackdown on fentanyl trafficking. nbc bay area, velena jones has what it will look like. >> we will send a strong message to those who are perpetrating these crimes that are holding communities hostage. we will do everything we can to work together, to make sure that there is accountability. >> a new approach to a long- term problem, having a growing crisis on the streets of san francisco. now, from chp of the national guard, local city leaders are hoping accountability will lead to saving lives. >> people are fed up with it, we are fed up with it, and our attention needs to be on people who are causing problems. >> reporter: the joint effort, directed by governor newsom with drug rings focus on the job market. intend to see a lot more chp officers in those neighborhoods, the city has seen the highest death rates from overdoses, don't expect to see any national guard troops. we are told they

tom: goldman sachs shares slip as they fail to capitalize on wall street fixed income trading boom whilek of america beats , the last major lender to report. netflix drops and lender training -- trading after cracking down on password sharing. asml, outlook driven by strong demand for their chipmaking. manus: let's talk about the asml report and their numbers. let's get to amsterdam. the earnings, these guys have a virtual monopoly down to producing machines. they beat estimates, demand rate is strong. talk me through the numbers. >> good morning. asml reported a second quarter forecast that beat analyst estimates. the company was also able to maintain their financial outlook for the year. they still see a growth of more than 20% this year. they have seen mixed signals from the customers. demand is still exceeds capacity in the fed has a robust backlog to work with. tom: any details on where that is coming from,, and how the china situation could be a drag? >> in china, i think that is something that is very much in focus for this company. they currently have restrictions on chipmakers i

his bravery, one of rushes, tom ah, the 10s of thousands of people flooded the streets of israel on saturday for the 14th week in a row and protest. now the government's controversial, judicial overhauled. it comes amid rising security concerns after 2 recent deadly terror attacks in the country. all the demonstrations kicked off months bill after the government proposed changes that will give parliament the power to overturn court decisions, appoint judges, and restrict the reasons for which the prime minister could be removed from office . critics have said the reforms would take away vital checks and balances and undermined democracy industry earlier the nation's leader, benjamin netanyahu room to postpone the changes. but the protest movement phase, the rest will continue until the plan is buried completely. all this is happening against the trump of other attacks in the country. on friday, i car plowed into a crowd at a seaside park and television killing. i'm italian man and wounding a further 5 tours that occurred hours after a shooting that left to british is really sisters dead near

tom: an important day for all global wall street and american wall street. a letter. they speak of the storm clouds to come. this is them looking at svb and the banking crisis. how did the storm clouds look from boston this morning? steve: we have talked about this before. lots of tough dynamics right now. the war in ukraine, oil prices going up, interest rates gapping up which is causing problems. we are definitely heading into murky waters. the good news is there are a lot of jobs out there. technology is coming back. biotech is growing. we have some pockets of good things happening. we are in the midst of a correction we were we are at a ten-year growth bubble based on cheap money and it will be painful coming out of that. lisa: what is the distinction between a credit crunch and just credit tightening as many people see ongoing right now? steve: well, take credit crunch is a total lack of liquidity. right now you are seeing tightening. we are getting back to normalized interest rates. for most of my career they have been 4.5% or 5%. only in the last 12 o

tom honors o. tens of thousands of people flooded the streets of israel on saturday for the 14th week in a controversial judicial over whole. it comes from it rising security concerns after 2 recent deadly terror attacks in the country in the last number of days. in fact, the demonstrations kicked off months ago after the government proposed changes that would give parliament the power to overturn court decisions, appoint judges on restrict the reasons for which the prime minister could be removed from office. critics, i have said the reforms would take away vital checks and balances on an undermined democracy in this room. earlier, the nation's leader benjamin netanyahu rule to postpone the changes. but the protest movement say's the on rest will continue until the plan is buried completely alone. this is happening against the backdrop of other attacks in the country. on friday night car plugged into a crowd of a c side park until a be killing and then tell you man and wounding it further. 5 tourists, no doubt occurred our is really settlement in the west. prime minister. netanyahu d

it must be said, tom, the downing street hehhhg— be said, tom, the downing street hehhhg ewew— be saidderway. we're with this inquiry. the inveprepared is underway. we're with this inquiry. the inveprepared to underway. we're with this inquiry. the inveprepared to sayerway. we're with this inquiry. the inveprepared to say more. we're with this inquiry. the inveprepared to say more inie're with this inquiry. the inveprepared to say more in the not prepared to say more in the gehh— not prepared to say more in the grehe—hhhhge- not prepared to say more in the grand things, though, grand scheme of things, though, this grand scheme of things, though, hhhe—hhe- this is not necessarily the greeheeh— this is not necessarily the greatest scandal greatest political scandal in he— greatest political scandal in hhe eehee— greatest political scandal in the sense that— greatest political scandal in the sense that even if the eheheeree— the sense that even if the standards commissioner finds egehheh— standards commissioner finds egehhehhhe— standards commissioner finds against the prime minister it w

tom: valerie, thank you. let's get to bank earnings. wall street banks and a host of u.s. regional lenders continued earnings season this week after strong results at the end of last week. for more, we are joined by charlie wells. watery learning so far -- what are we learning so far from the u.s. banks that have already reported? charlie: so much better, considering the month before when there was so much chaos. a lot of this is attributable to two things -- deposits. the first quarter earnings season, there was a lot of concerns there would be deposit outflows, it was a trend we'd seen over the course of the year. we actually saw inflows even at banks like jp morgan, an uptick of 1.6%. on the net income interest side, we saw an explosion. jp morgan bringing in an increase of 49% on the metric, wells saw a 45% increase in that foursquare. 23% at citigroup, much better than expected. we are early in the earnings season and going into some different banks reporting and we will get more data from regional banks and more investment banking heavy banks and that could bring a s

that is the consensus amongst economists on wall street. tom: i want to get the dates right. fomc shifted from a may 3 meeting where we have a good grasp of what is going on to a complete debate and ministry over june 14 and on through the summer. it is fascinating. jonathan: from citi after the fed hiking in june, and andrew hound horse saying the fed will have to keep on hiking and revising -- and andrew hound horse -- holland horse -- yields back in, the 10 year 3.47%. tom: there is news in japan we will cover it later. a demonstrably eager yen against the euro -- weaker yen against the euro. jonathan: there will be a big policy review at the boj. lisa: is this doug goetsch -- dovish or hawkish? we will talk about it. exxon, this might give us a better sense of whether we are accelerating or slowing down east on what they say and oil demand in the big question of china. how strong is that growth? this is the big data point. it is not personal income, spending, pce deflator, the employment cost index that comes out every quarter and expected to re-accelerate. this might pus

hundreds of thousands taking to french streets over proposed lab labor reforms. good morning, tom. >> hey, michael. they're targeting a visit by president macron to notre dame cathedral, after the 12th strike in as many weeks with hundreds of thousands taking to the streets. dozens arrested, at one point protesters storming the headquarters of louis vuitton. police are using more than a thousand cannisters of tear gas. using water cannons amid the chaos. and more protests are expected in hours. a key decision from a high ranking council known as guardians of the constitution is set to rule whether the government law to raise minimum retirement age from 62 to 64 is in line with the french constitution. we await that decision. it could be a make or break moment for the protest movement. >> thanks so much, tom. turning to the latest in "the wall street journal" reporter detained in russia, we are hearing from his family for the first time. trevor ault is here with the details. good morning. >> good morning. the deputy foreign minister says talking about the possibility of a prisoner

i did it with family members as well as folks who were from a residents of mott street and former residents of diana tom>> i do want us to talk more about -- as much as i love talking about the research, and i cannot help his much as i love the historian in me, but you have amazing family stories, and i would love nothing to bit lower about those, and particularly you are tracing up 3 -- i think it is 3 -- is it three, you have the chins, the wongs. >> and another family. >> you have about that three families going, and i want you to talk through what it was like on rep. meng: and trying to put together the narratives of these three different families. and say a little bit about who the three families were. >> sure, the three families i and dealing with our my paternal side, as well as my maternal side, might maternal's grandmother family and my mother's family, her father's family, the long family - wong family, and what was so interesting about working on this project was that because i am fifth generation chinese american, and my family goes back to the mid-19th century, any major iteration of thing

tom: i would also suggest -- particularly on wall street, there is a more sophisticated way of doing ious times. jonathan: would you say tech companies have embraced the sophisticated way of doing that? that is part of the strategy. tom: the site guys is silicon valley -- roger martin from the university of toronto. lisa: they also hoarded labor. there was excess. tom: yes, but they are also finding there is an improvement in process when you get rid of the excess. amazon alone is a study. jonathan: the pandemic boom of the firing at amazon is phenomenal. the workforce essentially doubling over a couple of years. morgan stanley results this hour. ♪ lisa: keeping you up-to-date with news from around the world with the first word, i'm lisa mateo. house republicans vote next week on a bill to raise the debt limit and impose new cuts to government spending. president biden and other democratic leaders are refusing to offer concessions. republicans are betting if the house passes the bill, it can ramp up pressure on democrats to consider compromise. the debt ceiling has to be raised or the

tom, would you continue to stand in the street— reforms. me out of this? well, i t-ttet— will come out of this? well, i mean, i that reform should mean, i think that reform should be is obviously be looked at, which is obviously what maude has been what francis maude has been asked by boris johnson to asked to do by boris johnson to produce on that labour produce a report on that labour have been looking at it. gordon brown came commission brown came up with a commission on future of the uk, which on the future of the uk, which took in some of these issues. one of the things being considered would be whether or not put a civil not you should put a civil servant relationship with ministers on a statutory footing , which i think would be a good idea. it would give then both a clear idea of the responsibility of both. francis maude, interestingly, talks about having external audit of a civil servants performance. that seems to me a bad thing on the basis that it should be parliament, that it should be parliament, that that audit civil servants

street. >>> later, tom friedman joins us about his latest chip to c trip >>> and if you want latest, followen any time we'll be right back. >>> welcome back it looks like bank of america out with the numbers looks like bank of america coming in with earnings per share above expectation $98. revenue number above expe expectation. the street looking at $21.35 billion. a lot of numbers investors kcare about. net interest income up 25% that is the number we saw from jpmorgan chase that was strong earlier in the earnings season net interest income is the interesting number as the banks have all of the deposits coming in, they are able to get them at low levels and loan back out at higher rates. that is where the big banks are making a lot of money. they talked about fee based income up $154 million. gain of 1% to $11.8 billion. they saw the second highest quarterly sales in a trading in a decade fixed income up 29% at 3.4 billion. equities was down 19% to 1.6 billion. the provision expense looking at $931 million that is actually down $161 million from the fourth quarter. they say asset quality

tom costello, thanks. >>> in 60 seconds, we speak to the friends of detained "wall street journal" reporter evan gershkovich. what they say he told them when they raised concerns that he might be in danger >>> plus, the seventh grade hero who saved a bus full of schoolkids, all of it on video next. >>> tomorrow marks a month since "wall street journal" reporter evan gershkovich was detained in russia, accused of spying for the u.s. tonight his friends and colleagues are speaking out talking to our harry smith about the dangers he faced on that overseas assignment >> reporter: last week evan gershkovich was presented to all the world like any other defendant in a russian court, accused of spying sam silverman and jeremy burke have known evan since college. >> wild to see him in a glass box. really challenging to see that, but at the same time, his body language was so strong, it was evan. >> i think, if i know evan, he's thinking about all of us at home and how hard it is for us, especially his mother, his sister, his father. >> reporter: gershkovich's reports from russia in "the wall street journal" did not

down from last year, so i think they won't get the lift from the wall street operations that they have seen in the past quarters. tomand michael and the editors will be focused in on that later. the reforms take place today over the controversy over these measures, that's after opponents took to the streets installed lvmh headquarters yesterday. that story is next. this is bloomberg. ♪ >> we still have tight labor markets, spending is still holding up, with that said, the balance of risk is here. >> we cannot turn our back on china, they are very important trading an economic partner, it is a very important creditors are income countries, we cannot just ignore china. >> a lot of different conversations are going around, they picture issues like climate change and also geopolitical issues, from either always remains the biggest risk to new zealand. >> we invest some of the major and balances for the monetary policy in the recovery of economy related. >> i'm confident we will get inflation back to where we wanted to be, but it's a project of the task we all have to play a part in. tom cole and bloomberg tv gets at the

according to greene street, those trends have seen office values plunged by about 25% in the past year. that is your bloomberg business flash. tomyou very much. we will look ahead to the u.k. unemployment data out this morning. as the debate continues as to whether the b.o.e. is now done raising rates. that is next. this is bloomberg. ♪ manus: welcome back to "bloomberg daybreak europe." let's turn to the u.k. now where u.k. data is being watched through a debate of whether the b.o.e. is finally done raising rates. what is expected from the jobs data? lizzie: expecting mixed signals. expecting to see the labor market hasn't weekend as much as the bank of england may have liked. this is what other indicators are suggesting. it weighs into how future wage setting behavior will be. at the same time, economists do expect to see a little bit of slowdown in these numbers. they are going to feed into the bank of england decision as you say. markets and economist are split on whether it is time for the bank of england to pause the rate hikes. from another perspective, it will be interesting to see homely days were lost to strikes. we al

taxi driver at the intersection of partizansky prospekt with zhilgovicha street, drove to the intersection at a red traffic light. tom collided with a volkswagen car that was driving on the green . it is reported that passengers needed the help of doctors in all circumstances , they understand the traffic police. this was the news of zone x , the results of the day will be summed up 18-15. stay with us on belarus 1. meet the new week with you. it's monday april 3rd. yes, what's new week, you can say the new working month , we also meet with you, and in connection with this , the astrologer alexandra semina came to visit us , what awaits us in april, it will be she who will tell good morning. hello, good morning. good morning, and in april we are waiting for several key events. firstly, i want to say that the month, and this one, we have the zodiac sign aries passing through this energy, and the fiery energy of the desire to start something new, however. i would not recommend. and how on april 6 there will be a new moon in the sign of the zodiac libra. this indicates that we will be visited by some creative ideas, huh

tom baker, ktvu fox two news, taking a look at wall street stocks finished the volatile week with slim gains is more earnings reports are out, showing more companies with profits at the start of the year that we're not as bad as expected. the dow closed up 272 points. the nasdaq was up 84. and the s and p finished the day up 34 points. still to come tonight. friends gathered to remember blake mose after he was killed while working at an east bay home depot store. and in san francisco security guard arrested after police say he shot and killed someone inside of a walgreens reaction from city leaders after learning shoplifting may have played a role later in sports. the oakland a's back at the coliseum tonight will break down the highlights from today's game versus the reds and president biden grants clemency to dozens of nonviolent drug offenders. when they'll see freedom. oh, taking the win with quality top tier gas for less? excellent choice, of course. yeah! you! this road trip is very well planned. yeah, i made a spread sheet. wow...that's...thorough ooooh look snacks! huge win. i c

court month over month is the big focus for wall street and has been over the last seven months. tomu look at durable goods and here is year-over-year in six months ago, the adults told us differently. jonathan: it's just to get an idea of the trend. tom: the u.s. economist at t. rowe price is with us. i want to go to where we were witches diving into the inflation data. the zeitgeist's goods and services, the focus is on services. how does real estate distort the report at 8:30 a.m. within the services vector of inflation? >> we are talking about 1/3 of the cpi basket. that's reflecting the tightness in the housing market in the u.s.. we don't have enough rental units surrendered prices increase significantly post-pandemic in the core of the cpi is the way the tightness in the housing market feeds into that index is very light so we are dealing with quarters and quarters of high rent components in the cpi basket and the housing market itself is starting to cool. tom: there was a discussion of how britain is rolling over with in a floating rate set of statistics to a new reality on i

>> reporter: yeah, tom, you can see for yourself. this flooded streete of blocks from the river then behind the street, again, that's flooding. you can see people feverishly filling sandbags to stack along the river. we also spoke to davenport's mayor a couple of hours ago in front of this massive kind of sand wall. it's like cubes reinforced with steel kind of caging filled with sand. it's like eight feet tall. he says they only break that out when they know extreme floods are coming to this river community that arguably is used to flooding to some degree every year but said this one, they are taking very seriously. take a listen. >> the last two years we have not done this. we haven't had a flood, in fact, last year the river was arguably the lowest it's ever been so in 2019 record flood, last year the lowest it's ever been and here we are with the river trying to think about doing that record again. >> reporter: we have a train coming through so you'll hear that. tom, another unique thing we've been talking about, this is not about a fast-moving syst

tom costello, thanks. >>> in 60 seconds we speak to the friends of detained wall street journal reporter evan gershkovich. what they say he told them when they raised concerns that he might be in danger. >>> plus, the seventh grade hero who saved a bus full of schoolkids, all of it on video next. and i went for a walk in the woods and i didn't get a single flea or tick on me. you are just the best. it's probably because of that flea and tick medicine you've been ordering from chewy. we are very proud of you. you never stop surprising us, bailey. right? i'm great. you are great. i wonder if bailey's ever done a book report. be nice to your sister. what flea bit him? pets aren't just pets. they're more. this flea and tick season, trust america's #1 pet pharmacy. chewy. pspsoriasis rereally messess with you.. try. h hope. fail.l. no onene should suffffer like ththat. i started d cosentyx®®. fifive years c clear. i started d cosentyx®®. real peoeople with p psorias i started d cosentyx®®. look andnd feel betttter with cosenentyx. dodon't use ifif you're alallc toto cosentyx.x. bebefore startrting get chched

tom: welcome back to the open. here are your top stories. walls streets as turmoil in first republic rekindles fears of a u.s. banking crisis. european equities dip. u.s. futures rebound after beats at microsoft and alphabet reassure investors this year's tech rally has room to run. the company's give their visions for ai. standard chartered reports is largest only profits in nine years as rising interest rate boost its bottom line. let's check in on markets. risk off across european equities. the banking crisis and first republic back in focus. a reminder that it may be too soon in terms of calling and and banking turmoil in the u.s.. it remains a potential challenger regulators as well. there is an argument that european banks are in a very different place. microsoft, alphabet coming through strongly and a reminder that for some, tech and big tech in the u.s. is something of a safe haven in this environment. speaking of safe havens, a significant move into german boots. losses of .7% in equities most pronounced in technologies. dax down 100 points. fts

tom knows what i'm talking about. isn't that right, tommy? >>> welcome back to "street signs.he value of the plant-based food market is expected to triple according to the biggest food and drink manufacturers julianna was given a rare tour of the nestle plant in switzerland. >> this was one of the most fun experiences working at cnbc. we got to not only explore the nestle r&d facility, but do taste testing. i got to test my top chef. i don't think i'll get a job any time soon. here is a glimpse of what you can expect in the next episode of the inside look of the nestle facilities >> before products hit the shelves or the manufacturing facility, they all go through a rigorous testing process here in the development kitchen. >> first of all, people want texture. how can we get the same texture? the second is taste. we need to make sure we have pro products and good nutritional profile and the best sustainability profile >> i see next door what looks like a factory of sorts. how does the work they are doing fit into the work the chefs are doing here >> we have a small pilot plant

tom knows what i'm talking about. isn't that right, tommy? >>> welcome back to "street signs. policymakers warned about the turmoil on the central bank rate hiking path the council member robert holzmann says this is weighing on the hawkish outlook for interest rates holzmann told joumanna he is concerned about the fallout from the banking crisis >> we have seen after the fallout in switzerland and u.s. that the situation in europe stabilized quickly first with deutsche bank they chose the system which is working. frankly speaking, the system in europe has been set up in a way which would not allow something like the silicon valley bank to happen in europe now because all banks, whatever the size, they have to live by the deposit rules which is not the case in the u.s. >> you have the knock-on effect of credit lending and credit availability that is the concern? >> exactly this is a concern because if the increase of interest rates, that means sttightening of capacity giving credits if this takes place to the other measures because the market is more cautious, we don't need to

tom: more than anyone on a wall street, you have a military vision, a set of people completely tied into which is what we are hearing about every day. is what he wrote about that would be out there somewhere, does your board think it is now and how does that play in? peter: we have 19 retired generals and admirals who serve as the intelligence group. we see the world as the most dangerous it has been in a long time. russia ukraine, we are seeing tensions pick up in the middle east, we do not like the fact that chinese seem to be getting saudi to embrace china more. i am getting nervous a lot of investors pay lip service to geopolitical risk then push it off, this is five years away, 10 years away. i am an american company, how does this impact me? i think we are being too complacent. tom: look at the russell 2000, which 2002 i want on? gold with the speculation of the russell 2000? peter: i watch gold, i china to get too involved in gold. -- i try not to get too involved in gold. if i get positive, that is where i jump in. jonathan: you mentioned maybe people are underestimating or under

tom: we went there yesterday. he has a full page print out of a wall street journal op-ed. we had a fun time.is like a civics lesson from jamie dimon. i am not critical of it. but every year, there is team. jonathan: how much daylight is there between running the company? tom: what do you think, lisa? lisa: that is exactly how i read it. i looked at it as less as a run for president and basically a pitch for the banks. stop persecuting us because we are good actors in all of this. do not over regulate us and do not be ridiculous with this. by the way, your regulations are what caused this situation in the first place and now you have losses. tom: the irony of the jamie dimon letter after what i observed at the meeting. talk about a guy with clear emotion. john, you covered this for years. that was stunning. jonathan: what is interesting about the recent reporting is how quickly they got in touch. i was like, this might be in the cards. they were basically preparing this ahead of time. lisa: he was in advanced talks about this and then all of a sudden, the swiss national bank says they were mi

do you street -- do you treat it as risk off? tom: michael dart came yesterday.his beautifully. the media likes to do interest rate and financial market analysis. there is a point where it rolls over to the balance sheet analysis. are we to the point where asset dynamics may be more than the parlor of rates? jonathan: jamba gunnery in the past hour. this is a line -- janet montgomery scott in the past hour. -- these are the decisions right now. i am not sure what option three is. we will pick on the story throughout the hour right here on bloomberg tv and radio. we are positive on that s&p positive by .1%. tom: one note as we go to lisa, it is the widespread of the tf those compared to the keynote. all you have to know, it is a clichÉ, we are in uncharted territory of the high three month yield and the low 10 year yield. jonathan: no other spread to talk about right at the front end of the curve. lisa: there is an idea you see three month yield highest relative to one month yield going back to the early 2000's. as a result, that being a d-day for the debt ceiling

street. we have preschool. we have students. we have small kids that they should move to somewhere else. comfortable tom number oven house students in california is growing, according to data from the state. now the total oven housed students in california is also growing. as we mentioned, according to data from the state, they're in the total numbers oven. house students has gone up to 9% compared to the 2021 2022 school year. that's more than 187. 1000 students statewide, analysts say the increase on how student population is due to the lack of affordable housing in the state. meanwhile enrollment across the state has dropped slightly to 5.9 million students happening today. san francisco's japantown is hosting the 56th annual cherry blossom festival post street between laguna and fillmore streets has blocked off for festival foot traffic facilities. start at 11 this morning. they last until six p.m. tonight. it's also happening tomorrow over 200,000 . people are expected to attend and the festival is free, so a lot going on this weekend. that's gonna be a great festival and also obviously easter tomo