pressure because of the ukraine _ underlying pressure because of the ukraine war in particular pushingthe schools— just go away. so, it is causing, the schools at— just go away. so, it is causing, the schools at organ at higher energy bills even— schools at organ at higher energy bills even with the subsidies that government are providing, quite a hefty— government are providing, quite a hefty subsidy but it still means energy— hefty subsidy but it still means energy bills are going up, wages are going _ energy bills are going up, wages are going up. _ energy bills are going up, wages are going up, teacher salaries are going up going up, teacher salaries are going up by— going up, teacher salaries are going up by more — going up, teacher salaries are going up by more than they would have been in recent— up by more than they would have been in recent years, all of those things put pressure on, and of course, from a political— put pressure on, and of course, from a political point of view, if you are presiding event and education system _ are presiding event and education system where pa

data is painting _ it also shows the underlying data is painting a — it also shows the underlying datament ahead of their own party conference, when it comes to questions _ party conference, when it comes to questions like leadership, who would make _ questions like leadership, who would make the _ questions like leadership, who would make the best prime minister, who would _ make the best prime minister, who would be _ make the best prime minister, who would be the best to handle the economy, — would be the best to handle the economy, it is labour who wins time and again. _ economy, it is labour who wins time and again, they also win out in lots of demographic groups, including not 'ust of demographic groups, including not just those _ of demographic groups, including not just those seats gained at the last election— just those seats gained at the last election by the conservatives but also those seats held by conservatives at the last election. if conservatives at the last election. if you _ conservatives at the last election. if you are — conservatives at the last election. if you a

i think we need to change the underlying incentives for our lawmakers and leaders by doing away withparty primaries and replacing them with primaries were anyone can vote for anyone through ranked choice voting. if there is anything you remember from this interview out there, ranked choice voting is the way out of this mess. it is the way anyone can vote for anyone with no spoiler effect and it rewards more moderate, reasonable, collaborative candidates who actually come through for 51% of voters. so i am going to be trying to make ranked choice voting the law and as many places as possible, and i am happy to say it is spreading around the country. emily: all right. andrew yang, always great to have you with us. entrepreneur, former presidential candidate, cochair of the forward party. coming up, the latest salvo comes from grayscale versus the sec. the grayscale ceo joining us next to talk about the case for a bitcoin etf. this is bloomberg. ♪ emily: crypto asset manager grayscale investments says there is no justification for the sec's rejection of a bitcoin etf earlier this year.

what changed when i became a father was on the underlying truth of the matter for underlying i am convicted on the issue just how deeply convicted. the first time you see the ultrasound that your child, i was here last week for something heritage did and i mentioned when i first saw his face, i didn't even know his face yet because the first time you see a 12 week ultrasound you don't know which end is which. [laughter] but was him all the same, baexactly what a 12 week old hun being looks like in the other technician said i got the order backwards the first thing he said that your davies heartbeat. they detect the heartbeat first and then they say that is your baby. they never say the word fetus for cardiac collectivity or the euphemism of the heartbeat. it's amazing that they knew it was mother's so you just makes it more impactful, deeper because it's like an emotional level cognitive, i've read probably tens of thousands of pages on both sides, my first job out of princeton was research for a book entitled embryo. i opened up the research briefing i wrote for him as we were drafting the

we underlying factors that affect farmers costs.— underlying factors that affect farmers costs.we are going to have to leave it there, - farmers costs. we are going to have to leave it there, i'm - have to leave it there, i'm sorry. there is a lot to talk about clearly but thank you so much for staying up with us in new york to talk as to the challenges facing coffee farmers. interesting. you might be bring one right now, who knows? thank you for your company today. up—to—date on all things business news and sport. have a good day and i will see you soon. hello there. despite a few isolated showers in the far northwest, on the whole, monday was a glorious autumnal day with a lot of sunshine — a great opportunity to get out and enjoy those late—summer flowers. however, clear skies by day lead to a chilly night, and we could see a touch of frost as temperatures hover around freezing early on tuesday. these are favoured spots across central and southern areas of england. a little more cloud further north and west, and here, we keep the threat of some showers. so, the showers there

kriti: let's speak to the underlying business is self.ou manage a company that kind of is based on the idea there will be more demand for private jets, more demand for travel. as time went along, people were talking about demand destruction. are you not worried about that? kenn: our model is different. we operate like a country club model, people pay a fee to join, a monthly antigen fee to run the club, and a very small fee when they actually fly. we have been through two prior recessions with this company, been through the dotcom crisis, the financial crisis of 2008, and what we find as people do not unwind their subscriptions. they state members of the club. the access to what they are paying for is the access to the travel. even though they may travel less, they do not need the plus. matt: i have to ask about chelsea because bloomberg and other media outlets have reported that chelsea faces tax liability on payments and gifts to players during the obama would sarah. can you put a dollar figure on that for example? todd: we are in the m

for your closing remarks, i want to ask a question to get to your underlying philosophy. people have jobs because of business. government has tax revenue because of business. without strong this dissector, the economy will fail and the government will fail. however, the business is aligned by the media and the government. what can you do to make people realize the importance of a vibrant business sector and get them the support they need? >> thank you for hosting this event. thank you to everybody for being here today. we need to focus on as a country quality of opportunity for people who are seeking the american dream. we have to have the tax policies and the leadership at all levels of government at all levels of industry at all levels of nonprofits. you are an extraordinary advocate for the business community. the nonprofits in this region. you lead the strongest chamber in new jersey but you do it with strength and foresight and passion. when i go and talk to people about what they want and how to create the policies going forward, we can't malign the people who creat

for your closing remarks, i want to ask a question to get to your underlying philosophy. people have jobs because of business. government has tax revenue because of business. without strong this dissector, the economy will fail and the government will fail. however, the business is aligned by the media and the government. what can you do to make people realize the importance of a vibrant business sector and get them the support they need? >> thank you for hosting this event. thank you to everybody for being here today. we need to focus on as a country quality of opportunity for people who are seeking the american dream. we have to have the tax policies and the leadership at all levels of government at all levels of industry at all levels of nonprofits. you are an extraordinary advocate for the business community. the nonprofits in this region. you lead the strongest chamber in new jersey but you do it with strength and foresight and passion. when i go and talk to people about what they want and how to create the policies going forward, we can't malign the people who creat

figures and thatis of the key underlying figures and that is that food price rises hit 14.6%.is that food price rises hit 1a.6%. so throughout the day, we are going to be talking about how that affects you. and good morning from westminster, where liz truss will face questions from mps in the house of commons this lunchtime for the first time since her almost complete reversal of her economic plan. she described to describe the decision of dropping tax cuts of this painful. and the possibility of scrapping the triple lock on pensions. that is the rule that says the state pension must rise in line with the highest of three figures, either inflation or the average rise or 2.5%, whichever is greater. that row brewing after downing street said it was reviewing its commitment to increasing payments in line with inflation. of course, joanna, what happens here absolutely has an influence on what happens there in sunderland, and indeed around the uk. absolutely so, and we were out yesterday talking to people on the street. we went to a warm zone, which is one of those places that have

strategy, nobody can defy the underlying trends in china and the economic power of china.hat that does for the business. the question is when will china open up from a covid perspective? tom: does zero cova need to go for wealth managers to get out there? >> the signal around easing on covid, opening for business and support for the real estate sector, those will be reinforcing the economic power and development. on the back of that, it is worth to look at the opportunities in china. when will growth be completely back? nobody knows really. you cannot forecast that through the quarter but it will be back because the underlying trends are there. there are bigger swings in asia. francine: the ubs chief executive speaking to manus cranny. the summit brings together chief executives, policymakers and entrepreneurs to discuss international investment and the global economy. let's get right to yousef gamal el-din, who is with a guest. yousef: thank you, there is a huge buzz in the sixth year of this event, more than any other year. we will get to the details on the discussions o

indeed if we look at measures of core or underlying inflation they suggest that underlying inflationary pressure in the eyes states today -- the united states today was higher than 3, 6, 12 month ago. i submit to you today that the primary cause of the inflation we have observed over the past 18 months cannot be a factor that is global in nature. supply chain disruptions, port closers, corporate profiteering, because the timing and the magnitude of the initial surge in inflation in the eyes states was earlier and greater than that observed in other major economies. of the 46 major economies that the chairman earlier observed, the increase in the average rate of inflation in 2021 over its pre-pandemic level was greater than all 45 other countries with the exception of of brazil, turkey, kingdom of saudi arabia. companies i do not think of as paragons of fiscal very -- virtue. if we look at the euro area and take a harmonized index of quarks and -- core consumer prices to compare apples to apples. in the 12 months, core inflation in the euro area was 1.1% versus 1.0% in the united states.

what i can say is if you look at the portfolio performance, the underlying we have investments, the underlyingrmance is still strong. so i think what's making this challenging is the inflation picture is a reflection of a still strong economy usually when were talking about risk of recession and defaults, the economy is already weak. we are projecting weakening but not seeing it yet. spreads are not necessarily reflecting the potential distress so feel-good were default rates are now you're still near historic lows. if you would interest coverage rates across the market we are still at or near all-time highs. there's a lot of dry powder and liquidity in the market. we are not seeing a lot of structural imbalances. it's an interesting time because the value what you own is obviously coming down given the moving rates but you're not seeing massive credit deterioration that we expected. i think you'll start to see it clearly, that's inevitable. but when you look at the market possibility to navigate peak defaults to the gf cb got up to 10% type default rates. if you look at historical averages an

i think the fed just reassesses and sees how those underlying inflation pressures just play out. yvonne: what if inflation plateaus? is that still a risk when it comes to risk assets as well? how does that hurt bonds? how is that going to hurt equities do you think? >> not enough for the fed to move, let's put it like that. kathleen was just saying it has got to be a sizable and sustained moderation in inflation. i would fully endorse that. just flatline inflation is not sufficient from a fed perspective. what we need to see is inflation coming down in a way that gives the fed comfort that we are getting back toward something that is policy appropriate. in an environment where we have stable inflation, i think that continues to put pressure on risk assets. we would still be somewhat modestly underweight when it comes to equity. yvonne: hold that thought. more from james ashley from goldman sachs asset management. let's get to first word news. vonnie: you cape prime minister liz truss has reiterated a call not to curb public spending. she told lawmakers she will absolutely stick t

look the key there is going to be candidate quality because underlying pretty darn good let's look at other polls abc asked what do you think is most important issue? the most important. so you have to pick one. 26% said the economy. 21% said inflation. 14% said crime. that's 65% of the voters. that's the republican agenda. 22% said abortion and 13% said climate. that's 35% that's the democratic agenda and then look at nbc, nbc said who would did a better job on the economy? republicans 47 -- democrats 28 that's the biggest margin since that question was asked for the first anytime 1919 crime 45, 22 border security 56/20. crime numbers the best norming for either part sthains question started to be asking in 199 now they haven't been asking border security question since last october but biggest advantage so underlying affirmment is good. question is do we have candidate like jr and suburban, you know, cleveland and toledo who turns out to be lying about his military record he won't win now and that was seat that republicans could have picked up. so the candidate quality and quality o

truth of the matter or the underlying, you know, when it is convicted of one decision, just how deeplyvicted. the first time you see that ultrasound of your child, you know, i was here last week for something that heritage did, you know, i mentioned when i first saw his face, i didn't even know his face yet, right? first time you're seeing the 12-week ultrasoundea to, you dot ouknow which end is which. [laughter] but, you know, it was him all the same. that is exactly what a 12-week-old human being looks like. and the technician paris said, i got the order backwards when i said. first they said, that's your baby's's heartbeat. make sure your baby's thriving. they her say cardiac act9tivity, some euphemism for the heartbeat. we all know what it is -- >> and anna wasn't a birthing person. >> no, she was a mother. it's amazing, women and mothers all throughout. cognitive, right? you know, i've read probably tens of thousands of pages on both sides of the abortion issue my first job out of princeton was as robbie's robbie george's research assistant for a book he was doing title to embryo

both diseases pose a particular threats to groups like the elderly, or people with underlying health conditions and also to health care workers. they may not be elevated risk of severe disease if they fall sick, then they're also increases absenteeism from work which has important implications and for the workforce in its ability to the health care system to operate. and of course, there's also potential risks that some health care workers can, in fact that patients as well. in an effort to head off the worrisome scenario of a twin demick during the upcoming winter health care authorities from the world health organization and other institutions are now spreading. a simple message, timely vaccination against both diseases can save lives. and to talk more about the possibility of this so called to endemic. i'm joined now by richard peabody. you saw him, i in that report, he just saw i, he leads the world health organizations, high rates, pathogen team. and it's, it's good to have you on the program because we really wanted to expand on the idea of what evidence are you seeing that sug

sympathy with boris johnson _ and underlying sympathy with boris johnson and his position, in a way, if you read the leader— that the sunday times, if you read the leader column of the sunday times, _ the leader column of the sunday times, i'm — the leader column of the sunday times, i'm speculating here, people can find— times, i'm speculating here, people can find out— times, i'm speculating here, people can find out by reading it tomorrow, that that _ can find out by reading it tomorrow, that that might well be in favour of sunak. _ that that might well be in favour of sunak, giving the tone of the front story, _ sunak, giving the tone of the front story, so— sunak, giving the tone of the front story, so i— sunak, giving the tone of the front story, so i think that the express will be, — story, so i think that the express will be, but — story, so i think that the express will be, but the story doesn't tell you very— will be, but the story doesn't tell you very much. itjust will be, but the story doesn't tell you very much. it just tells you the straightforward thing that he is ba

that is maybe over simplifying it but it doesn't hurt when the underlying business model looks prettyazon, reaching out into every area, like streaming for example, the world is increasingly their oyster. does susan li know it. following this and a host of other big deals. reporter: definitely a disruptor, i love to hear your thoughts you interviewed steve jobs, jeff bezos of course before the companies turned into multibillion-dollar behemoths. what do you make of amazon spending billion dollars for a one black friday nfl game in addition to the 8 billion for "thursday night football"? neil: rounding error like change in the couch. reporter: we're in the era of big media where scale matters, with technology companies that don't play by the same rules, because they have so much cash on the balance sheet. in apple's case $200 billion. amazon has $50 billion. as you said it could be a running error but that helps major league sports. if we bring up the graphic, i want to show you the astonishing inflation in sports broadcasting rights over the years. neil: wow. >> $2.4 billion. in 2023

and you're right, the underlying chemicals originate in china.china is sending this stuff into mexico, into america, for what reason? to poison us? and then there's 101st airborne sw division, it's been sent to europe for the first time in almost 80 years. the light infantry unit nicknamed the screaming eagles stationed around three miles from romania's border with ukraine. congressman, your thoughts on this, as putin claims that ukraine will use a dirty bomb. >> yeah, that's chilling, because that kind offed claim, really -- kind of odd claim, really outrageous claim, might be a setup for him to escalate the war, whether he plans on using chemical, biological or low nuclear weapon. one of the reasons we're in the mess in the ukraine right now is because he was projecting weakness. when forces are weak, that's when they attack. that's what happened. president trump, there was no russian aggression during the four years of president trump's administration because i think putin didn't know what he would do and he was afraid of him. maria: yeah. i w

it is very clear that underlying inflationary pressures do appear more entrenched. that's the case, i think not only in the u.s., but other large developed markets. however, you have central banks that are very much focused on that and have embarked on the most aggressive rate hiking path that we've seen in several decades. we think that probably continues over the next couple of quarters you know, nevertheless, probably ends in, you know, relatively mild but maybe a bit more prolonged recessions over the large, you know, developed markets, as a result of the fact that you still have elevated inflation that sort of limits the usual countercyclical policy response. >> so if i'm inferring correctly from what you're saying, and part of my job here is to put words in other people's mouths you understand that, of course it is that those who are saying, hey, maybe the fed is closer than we think to stepping back off the brake, or at least not slamming it on as hard, you're not really in that camp, at least not yet? >> yeah. i mean, eventually, the trade-off that the fed f

i think it scares people because they think it has to reflect the underlying oil, the underlying commoditylso to natural gas, it is important and we do need it. we can't go to green unless we transition properly and that means fossil fuel. so that will be with us for sometime. maybe the market is also sniffing out, you know, a republican win? liz: okay. [closing bell rings] possibly but halliburton is up 40% quarter to date. thank you, quincy. major averages close up three days in a row. tomorrow, nathan hock man, california tax lawyer running for california ag -- ♪. larry: hello, folks, welcome to "k

i mean, i would say what changed when i became a father was not anything about the underlying truth ofthe matter or the underlying vision that i'm conflicted on this issue, it was just the first time you see that ultrasound it's just your child. i was here last week for something that heritage. and when i first saw his face i didn't even know it was his face yet. the first time you see and also sound you don't know which end is which . but it was him all the same. that is exactly what the 12 week old human being looks like. and the technician first set i the order backwards. the first thing he says is ur that's his heartbeat, the he first thing they're trying to do is detect a heartbeat and make sure your baby is thriving . they never say the word fetus . they never say eycardiac polar activity, some euphemism for the harvey. we all know what it is. >> and anna wasn't a birthing person. >> she was a mother. it's fascinating they know it's mothers all through. so it just makes it more impactful. like, deeper. again an emotional level. i've read the tens of thousands of pages on both sid

things start going in the right way where you have companies competing with investors for their underlying shares. >> one thing that is really striking me is that it seems largely to be maybe not irrelevant, but expected on the part of these fed speakers that we are seeing some pain in the markets. it is as though they are saying no pain no gain. you've got neel kashkari saying there will be losses, some failures around the global economy as we transition to a higher rate environment, that is the nature of capitalism here. so what do you think the markets should prepare for through the end of 2022, jim >> i think the biggest part is the labor market we've already seen the good side turnover we need to see the labor market slow and what i've seen so far this week with whether it is the jolts report or the jobless claims, we're starting to move in the right direction that is the key. that is what we're really looking at and if that starts to moderate, it does allow the fed to ease up here >> yeah, that jolts report where they said a million jobs >> a million fewer >> openings. they are just

what we're seeing is underlying fundamentals almost don't matter.hat matters is macro headwinds, and financial conditions which generate multiple compression particularly for long-duration stocks like mega cap tech. i think once we start seeing we have probably broken the back of inflation, and we can start thinking about fed pivot, by that i mean pause not cuts, then underlying fundamentals will start being more important and large caps look very interesting. probably not story for this year, maybe early next year. francine: marija veitmane there, senior multi-asset strategist at state street global. opec+ is considering its biggest production cut since 2020. we are live in vienna, that stories up next. and this is bloomberg. ♪ francine: welcome back to the open. we are 21 minutes into the european trading day. pressure as markets are now pending that inflation fighting is the number one priority for sinful banks. let's get straight to the bloomberg business flash. >> ray dalio has given up control of bridgewater, the firm he built into the world's

all there is to it is against but, and also sense of impunity here it says what underlies such a rational nation's not supposed to pineapple use was, you know, should, you should probably position is clear. i've already expressed it, but i believe we're a volume were generally problem. now let me turn crazy around, but your state is called nuclear issue of letter a r k. was it native to music? when usual and you go, i think this issue absolutely is also due to the promise. i'm a reluctant to, to me come see only can you to a disregard of you deeply. our case interests, you know, at a certain point in time she recollect leaving it was over like the genius behind the north korean leadership was basically given its agreement with proposals with the us on resolving this year. yet. and in particular, the nuclear compiled by americans case that is being on the 11th hour a cus eureka is coca was revisited, is position making the dpr k got to pull back from the agreement that had been achieved. and i'm sure you will have to slap additional sanction with you about the additional restrictions in fi

it simply aggravates the course of their underlying diseases, approximately 2/3 of all hospitalized patientse a covid-19 infection. here are the rest, uh, people with other infectious diseases. these are gastroenteritis hepatitis neuroinfections. here, there are others. well, it happens, of course, that severe acute respiratory viral infections come across , and a patient with influenza is rarely registered, but all the departments were loaded, but there are empty seats. and doctors remind that vaccination is still one of the most effective ways to fight infectious diseases. now experts allow to be vaccinated on the same day not only against influenza, but also against covid, the effectiveness of the drugs does not decrease, and those who wish can take a break of 2 weeks between vaccinations. is nazism on its head today? the answer for those who personally experienced the bloody holocaust today in minsk will be shown a documentary by reporters of the bands, lier, the journalist continues investigate the history of your family, which was destroyed during the second world war, 119 relatives, t

it turned out that the us was evaluating underlying motives. sarkozy 's desire is rather prosaic to achieve for his country a larger share in libyan oil production to increase french influence in north africa the best domestic political for himself in france, to give the french army the opportunity to restore its position in the world to respond to the concern of their advisers who feared gaddafi's plans to create a pan-african currency that would replace the french-printed frank. nato strikes atone for libya in blood. the democratization of those objectionable to tripoli will result in the loss of statehood and the transformation into a transit point for illegal migration, a long crisis that will hit the economy. and also a humanitarian ecological catastrophe, the destruction of infrastructure and the loss of the main natural resources. in libya, under the guise of a un security council resolution, nato unleashed a civil war and overthrew the current government in order to destroy libya as a state and gain control over libyan hydrocarbons. as

it underlies all these effects here.timulation of immunity and the protection of the body from sars and the protection of the vascular wall from atherosclerosis and the disease. but after all, in addition to all the antioxidant effects, it still underlies the prevention of age-related changes, indeed. so sedative stress. this is one of the causes of aging, that is, the model of aging is sedative stress, so antioxidants in our diet, they must be present. and here are the actual coordinates are such antioxidants. well, look yes, fresh tomatoes, tomatoes, tomato juice - it's all fine. but salted tomatoes, which we all love bull. ambassador. yes, i still agree. in the process of this fermentation. it is developing very well there. the so-called symbiotic microflora, bifidus and lactobacilli. this is a very important factor in our nutrition. we, too, must consume some bacterial products daily. well , usually sour-milk drinks. well, or like that there with sauerkraut sauerkraut sauerkraut, marinated in them there is no use, se

you know, i have a really simple way of thinking about it, which is what is the underlying thing that're buying or selling, and does that thing only go up in value if somebody else in the future believes it has value, versus there's underlying utility or cash flow i think unfortunately in the kau case of crypto there's a lot of spaces that don't offer core utility or, you know, underlying resource that is ral yuvaluable you'll probably have in many categories prices coming down where there's not any bottom until zero and i think the question then is what tuz regulation look like how do you staten idecide what being a security versus a commodity? those are obviously things that regulators are trying to figure out. it was clearly a space that had way too much hype and buzz >> and regulation as we know often lags the technology, certainly frustrating to some. aaron, i guess i say congratulations on the morgan stanley call it's great to talk to you. good luck this week, thanks for the time >> thanks, man, appreciate it. >>> meantime, some comments from new york fed president john williams

so in thinking about fear, i did speculate as fear as being a a of underlying reason for anger that i experience that slamming down of the laptop in my or in the response to my admittedly remark, you know, which i just made in passing, really think about. but in sort of, you know, carefully picking out certain from my life that i thought could animate the various chapters, the book, i thought that would be a good one because it shows that perhaps as i'm speculating, right? the you know, despite, you know, this election of the first black president and all that, you know, celebrations in the street and whatnot, we're still dealing with the sort of undercurrent of, you know, the the the sort of the unfunny, well, unexplored. well well under explored and still present of, you know, tensions around this idea of, you know, white supremacy versus a black supremacy. right. and then doing to us what we did to them essentially. right. because the during the antebellum period, you know, the fear of slave wasn't necessarily about from what i read in any event, about the fear of, you know, black

what underlies the belarusian military policy does the minsk platform remain open for interaction? domestic vegetables and fruits should be on the first shelves of stores. this was noted by the chairman of the federation of trade unions of belarus during a working trip to the brest and gomel regions. after all, it is imported seasonal products that are many times more expensive, which explains it? you increase the prices of this group of goods while the stabilization funds are filled with our vegetables and fruits 4 1/2 thousand hectares of land. the area of ​​one of the country's largest farms in the zhidovichi region. at the same time, local producers faced the problems of everyday life with agricultural products. if we conditionally put down potatoes there for 70 kopecks. yes, why is it there? for one and a half rubles, you need to ask them, unfortunately, our trade is much more monopolized; they did not live, uh, production. so far, there is no stability in the understanding of those who grow you. that's why they either sell everything somewhere where they come because of nothi

but herfamily had an underlying health condition.as has her lawyer through public statements, and they have called for an independent enquiry. the question is also, who is this report for? who is the audience here, because this wasn'tjust about the morality police's tactics, these protests on the streets are about what the protesters say is a system that represses women's rights, that denies them fundamental rights and it is also about a government that the protesters say they are simply rejecting right now. so if this was meant to calm them down, to calm the unrest in the country, that seems unlikely to happen. but what is more likely is that this is one piece of the islamic republic's strategy to deal with the current dissent, and that is why the supreme leader has also been supporting the security forces in their violent crackdown against protesters. liverpool is celebrating another win — but not on the football pitch. it's been revealed the city will host the eurovision song contest next year, beating its rival glasgow. britain i

you learn nothing about the underlying policies or programs that are driving pay.nies really need to start using analytics to figure out are there programs working as they intended, if they say they pay for performance, for example , when a lot of companies say they do that, but very few actually do. emily: let's take alphabet and meta, for example. what would this mean for companies like that which compete with each other for talent, historically are known for paying folks quite well, but like most companies, probably a pretty big pay gaps. maria: the first thing they have to do is get on top of their pay gaps. if you have issues or at the company if you have a philosophy of start low, stay low, or pay top dollar for the best, that's going to catch up with you from eight pay equity perspective. you will have disparities that you cannot rule out because of gender-based activity. you are -- need to be looking at this constantly as you hire or if you have to lay people off, are you having adverse impacts? are you letting bias creep in, because bias requires discretio

the technology underlying it could not tell that what i did was correct operated on probability like a language database of probability and it seems probable that i was wrong people that were creative in the writing i'm not saying them calling myself creative but if you creative inn your writing yu might find grammar being marked, forr doing things that are not substandard. i turned it off it was a nice visitor earlier today and i asked if i could go visit the grammar early office because i would like to understand how those tools work. i think they're good for proofreading because you may end up with something in there that you did not notice that it will alert you to but you have to use them with y a mental you have to have your brain on completely you cannot just view the accept, except accept this is the case with spellcheck. >> you talk about comedic passive voice do you know the philosophical definition of comedy is. >> no is this my test? >> it's a position of opposites, put two opposite things together. i'm going to have to work on that. i've always used the phrase, i'm heari

let's hear about what he had to say about inflation. >> if we don't see progress in underlying inflation would advocate stopping at 4.5% or something like that. paul: somewhat hawkish a speech tehere -- there. it's hard to see in and for strength of the moment. david: broadly it is tough. it's being supported by this inflation data. next week we have the consumption expenditure data out in the u.s., which is supposed to be singing uptick on a a by month basis. that will keep this argument of the fed will settle inflation and that it is an coming down. the markets are expecting it to decrease in the next year. the fed says, until i see that in the data i'm going to keep hiking. at the moment the data supporting that. the market is looking for 4.9% as a terminal rate, but if the data remains elevated going into next year, the fed can say for .9% is not high enough, we may have to go above -- 4.9% is not high enough, we may have to go to 5%. we made see the inflation data plateauing in the early of next year, if it doesn't, they could say i have to keep hiking. shery: no wonder we are seein

aries degrees the interests of all states and respect the principle that underlies, uh, security policy and belarus of russia literally since that very caribbean crisis. namely , that one cannot ensure one's own security at the expense of the security of others. but tell me very revealingly, what is now the main ally of russia and in europe is belarus, and here it is consistently in favor of détente. actually, what we will not say, but the period when the cuban leaders, on the contrary, spurred on. yes, something like this resolute actions and peaceful negotiations, which the president of the republic of belarus speaks about, and who was the first to provide them with a platform. how do you see the role of official minsk in the current conditions, because everyone understands that the role is officially minsk i am , first of all, as an ally of russia why because this is a serious confrontation and either we will all enter into a rational dialogue together that will allow us to make a mutually acceptable decision, or we all together, including the united states of america, will find ours

the founder, the underlying technology, underlying idea, the usual stuff.two more question -- is there a regulatory issue or opportunity that if it were solved could drive growth and valuation and if so, can we help. when the answer is yes to both, that's when it makes sense for us to take the company just lusted and we are going to try to legalize sports betting. we legalize bird scooters. for roman, we legalized digital prescriptions. for us, we need to see a significant regulatory issue to invest in the first place. typically speaking, those issues come at the front end. that impact how we look at it. if we do our jobs properly, later stage investors won't have to think about it that much because we legalized the product, gotten the license, whatever the company needs. caroline: thank you for giving us the inside track. always great to sit down. meanwhile, that does it for this edition of bloomberg technology. goes by so fast. tuesday, we will have liz young to talk all things earnings. don't forget to check out the podcast where we amalgamate the best p

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and that is why one of the reasons key reasons underlying this is that on the ground that women in china feel economically and socially insecure. and they don't see that need to have more than one year despite the state and party leader jim being saying is going to rural, establish a policy system to, to a booth birth rates. i mean, there have been measures like tax deductions, longer maternal lead maternity leave, enhanced medical insurance. all these things have put in place. they're not showing a real impact on the well, you can just simply throw money at a problem and expect people to rush in hospitals. or if i have kids at home, the issue really is more than just about money and financial support. sure, those are important things as well, but they are real structural issues on the ground that have not been resolved. if you realize that in the past year, we have been hearing a spade of high profile cases where there's violence, harassment, and domestic abuse case this really coming up to deserve is in china. those issues and those cases really reflect the fact walsman to protect wome

off and not really a turn around because both of these numbers don't really reflect like the, the underlying health of the economy. what we do see, see though, is that we have so persisting inflation. we do see a decelerating a consumer demand, weaker demand, and um, so raising the rising interest rate so that all really are headwinds, which is why it, that economists still fear that a recession is quite likely in the next upcoming month. and i was on an apple announcing results on thursday. what can we make of the 2 companies quarters, you know, amazon having a particularly rough time by the looks of it. and and so this week has really taken a toll on check investors in general, and also amazon and apple. they really cannot turn those trend around both. i'm stocks are falling off for mixed earnings here, especially amazon, the signaling a week, a guidance. it's the holiday quarter. so christmas with revenues coming in, or revenue expectations coming in and $15000000000.00 of below analysts estimates. and also it's cloud growth. it's the weakest. it has ever been in the last quarter . so the

but i think that ursula of underlying is very much determined to see that happen. ok more to come on this later in the week on terry schultz in brussels for us. thanks very much. moving on in recent months, the u. s. dollar has been going from strength to strength is risen. 18 percent against a basket of key current is since the start of the year, the federal reserves aggressive rates hikes intended to control inflation. having a major effect beyond american shores. as long as there are a current, there's a need for people who can fix them. but in this repair shop in nairobi, one of many in the neighbourhood times are increasingly tough. the business is struggling. customers are unhappy. the cause, the strong us dollar and a relatively weak local currency, which is sending prices through the roof. sometimes you find that they say increase about 10 to 20 percent in their cost of a fair fight within a period of maybe $5.00 to $6.00 as 6 to 12 months. we ship. why not expecting for us? like now? we are in wholesale and retail of pots, and you find that men, most of th

francine: christian, what is the underlying concern for the markets?t on global growth especially if they continue the covid zero policy? or is it something else, something sinister about the consolidation of power? christian: probably both. in the first instance what we know now is that the covid zero policy will be changed at the margins at best which means it could stay in place for longer. we will hear more about it in the coming months but we will have to think about it as something that will remain. that was clear. the second, we do note there is a growing confrontation on the china side but also on the u.s. side if we look at the export controls for chip technology. that was ruled by the u.s. congress just recently. markets are looking at both and they see that both sides are becoming less cooperative and more confrontational. and the outcome of the party congress this week and cemented this in the view of the markets. francine: what does that mean going forward from dollar strength? christian: i think overwhelmingly the markets think now that t