let's get to vonnie quinn in new york. says it may consider dealing directly with the united states if significant progress is made toward what it calls a good nuclear deal. they are in the eighth round of negotiations in vienna aimed at revising the 2015 accord with iran and the u.s. go shading via the eu. iran has called for any deals to include a guarantee. south korea will extend trading in its foreign exchange market and ease restrictions against overseas investors. officials say trading hours will be expanded and limits loosened on trading the won abroad. korea is pushing for including -- inclusion next month. china is easing covid testing requirements for participants at the winter olympics. organizers want them -- to limit the fallout from or more stakeholders testing positive. 78 cases related to the games have so far picked up, including marketing personnel and other support staff. the first infection among an athlete or team official was at the aging airport on sunday. fund managers without a cfa qualification m

we get over to new york and join vonnie quinn. vonnie: we have a lot of inflation data.a begins to be released wednesday. that data will underscore the shifts in the federal reserve monetary policy. cpi, economists see it rising 7% for the year through december. data thursday shows prices surging at nearly 10% last year. new york reported on most 80,000 new covid cases on sunday at the state passed 4 million total infections since the start of the pandemic. u.s. daily cases almost doubled over the last week. fatalities are trending upward. house speaker nancy pelosi says there is an opportunity to add coronavirus aid to a package of legislation if the white house agrees. russian led troops are pushing ahead with operations to restore control after crushing the biggest protest in decades. almost 6000 people have been detained since the demonstrations broke out. officials say 154 peopleglobal n air and at bloomberg quicktake, powered by more than 2700 journalists and analysts in more than 120 countries. i'm vonnie quinn. this is bloomberg. rish? rishaad: alex is bullish on

i am vonnie quinn. this is bloomberg. haslinda: vonnie, still ahead on bloomberg markets asia, look at southern ages investment landscape. we speak exclusively to the capita group's -- about opportunities in the region. and which sectors the firm is targeting. rishaad: we have another exclusive on the way, discussing supply chain issues and the path forward with precious shipping managing director thomas option. -- color -- khalid hashim. this is bloomberg. ♪ haslinda: this is bloomberg markets: asia. tracking -- the global supply chain. these are the top stories today. sees an unprecedented performance in the first quarter as many factories around the world raise to build up inventory out of the fear that outbreaks could disrupt supply chains. new zeeland government is warning -- there was a labor shortage and supplies. as omicron takes hold in the community. the finance minister is trying to make sure that business continuity plans are in place and he placed government support. and another shortage in the u.s. supply cha

i am vonnie quinn.ming up, the largest company in asia, a bellwether for the global chip industry, tsmc, reports earnings. credit suisse tells us what to expect. this is bloomberg. ♪ s is bloomberg. ♪ >> breaking news, affinity is considering the sale of a hong kong-based garment label maker. they have received interest from potential buyers. the sale could value it at $1 billion and would likely attract other private equity firms. it makes garment labels and radio tags. it is considering the sale. let's turn to tsmc. they are reporting today. it is the biggest foundry in the world. it just announced a sixth quarter of record sales. investors are waiting on details. at their are earmarking billions to ramp up production capability and aiming to close the gap with tsmc's technological advantage. tsmc is ramping up its capacity around the world. >> yes. let's get more when it comes to the strong outlook with our next guest. he is the head of taiwan equities research at credit suisse. great to have you wit

shery: yvonne man there, following latest developments on the property sector let's get vonnie quinn. u.s. editors are nearing agreement on a bill that could include entities even if moscow does not send troops into ukraine. the foreign relations committee chair it says restrictions could be applied based on what the kremlin has already done. the u.k. is reportedly looking for ways to target the wealth of a russian oligarch in the london property markets. atlantic president said the federal bank could raise rates by half a point in march if needed. in an interview he stuck to his prediction of three quarter-point hikes starting in march is the most likely scenario. he added that all options are on the table and consumer supplies may start a more robust increase. china's property sector slowed in january. the housing market dragged down activity at small firms. the official gauge climbed to 50.1 while the known manufacturing index fell to 51.1. both readings were marginally above consensus forecast. workers had home for the lunar new year holiday. global news 24 hours a day, on air and

let's get the first word news with vonnie quinn. vonnie: the u.s. surgeon general says the covid outbreak could worsen in the short-term. speaking to abc's this week, he called on health officials to close the gap in the severe shortage of testing. he says it is still not enough, adding that the country faces a tough few weeks ahead. a new poll finds that north americans find defaults in president biden's handling of inflation in the economy. price pressures are the biggest challenge. u.s. headline inflation is the highest since 1982. a separate poll indicates that biden's popularity among black voters has plummeted. he carried 87% of the black vote in the last election. a u.k. labour party leader says prime minister boris johnson broke the law and allied regarding parties held during national coronavirus lockdowns. the controversy stoking rage among the party, with some members calling for him to step down. the conservative party chairman said now is not the time for leadership battle. president biden's national security advisor says it will not be

that's got to the first word news with vonnie quinn. vonnie: thank you.'s prime minister is monitoring for covid symptoms after a positive case was detected in his sydney. residence scott morrison was advised to be on alert after an infectious person attended a press conference there on wednesday. and at the state's recently revised guidelines, he does not need to isolate. singapore reported more covid-19 infections among travelers from abroad than local patients for the first time in six months. 260 cases were noted by the health authority on the first day of 2022, compared to 187 community infections. singapore has posed ticket sales via its vaccinated travel lanes until february. u.s. travel delays continue as winter storms ripped through the country, as well as staff shortages for the airlines. more than 2000 flights into, out of and within the u.s. were canceled out as of midday sunday, and topple over 5600 delays posted. this is according to the tracking firm flightover.com. this comes as thousands of travelers attempt to return home from the holida

vonnie quinn is in new york. vonnie: yes, we have been waiting a few days. theranos founder elizabeth holmes has been found guilty over the collapse of her lead testing company. a federal jury convicted her on four of 11 counts she now faces up to 20 years in prison. during the trial, holmes accused her former boyfriend in business partner of abuse. he'd united those claims and he faces his own fraud trial next month. opec and its allies are poised to revive oil production when they meet on tuesday after getting a tighter outlook from markets. the alliance is on track for a modest out revival of 400,000 barrels a day. on monday estimates were cut, predicting weaker growth from rivals. apple's market value ruefully rose above the $3 trillion mark before paring gains. the stock has more than tripled since covid sent to the world into lockdown in early 2020. apple is trading at a premium. 5% above the average analyst rice target. tesla is drawing criticism for opening a new sharon room -- showroom in the xinjiang region in china. . the opening comes just a week

let's get to vonnie quinn for the first word news. vonnie: north korea may have fired a ballistic missile tuesday but apparently splashed down in waters off the east coast. that is the second discharged in about a week. south korean military says the north launched an unidentified projectile towards waters east of the korean peninsula. the japanese coast guard says the object appears to be a ballistic missile. new york city's covid-19 infections may have reached a peak about a month after the first case of the omicron variant was identified. data shows a seven-day average of emergency department visits. the cdc raised its travel alert for canada to the highest possible, recommending against travel. the cdc urges citizens to avoid france, spain and others. the fed vice chair will resign friday, two weeks before his term expires. this following new revelations about millionaires -- million dollar stock fund trades made in 2020. jerome powell said in a statement that his contributions will leave a lasting impact. china's cabinet says the

let's get you to vonnie quinn. >> new york city's covid-19 infections may have reached a peak one month after the first case of the omicron variant was identified. the seven-day average has dipped significantly since the end of december. the cdc has raised its travel alert for canada to the highest possible, recommending against travel. the cdc urges citizens to avoid plans. novavax says it has shipped its first dose of its covid vaccine to europe. the novavax jab is already used in several countries in asia and the country expects feedback from u.s. regulators sometimes -- sometime next month. the shock can protect from covid and the flu in one shot -- vax can protect from covid and the flu in one shot. both the u.s. and russia signal interest in further negotiations. >> on some of the issues, there might be basis for future exchanges. hopefully also some progress. >> china's governor says the country will speed up investments in key projects and boost domestic consumption. a state council meeting urged faster, li

vonnie quinn has a first word headlines. nnie: that biden administration may slap export controls on asia if it seizes -- from ukraine. sources say the white house is discussing potential restrictions on technology and electronics. the new trade rules could apply to shipments from the u.s. to russia, and possibly to some foreign-made products. the u.s. aims to stop russia from certain electronics. western allies are entering high-stakes talk this week aimed at defusing tensions with the kremlin. the european union is still raining the impacts of any trade restrictions. u.s. troops in japan will no longer leave their basis, in a bid to stem the spread of covid. two u.s. bases are seeing record virus outbreaks. local officials blamed the problem at least in part on u.s. forces. okinawa has the bulk of the u.s. military personnel. sri lanka wants to restructure its debt repayments to china. the country is searching for funds to foster its foreign exchange reserves and service loan obligations. sri lanka hosted the chinese foreig

let's get to vonnie quinn with the first word headlines. vonnie: a run says it may consider dealing directly with the u.s. if significant progress is made toward what it calls a good nuclear deal. envoys are into their eighth round of negotiations in vienna with iran and the u.s. negotiating via the european union. tehran has called for any deal to guarantee a future generation -- a future administration would not dismantle it to the u.s. is recording the most covid deaths in as 11 months. the nation may be turning a corner. cdc data showed the seven-day average of fatalities reached 1975 people on friday paired that compares to the winter peak of january last year when the daily average topped 3400. the cdc has raised its japan travel advisory to three that indicates a high level of infection should china is easing covid testing requirement for participants at the winter olympics. it is a sign organizers want to limit the fallout from more and more stakeholders testing positive. 78 cases related to the games have been picked up including ma

let's get the first word news from vonnie quinn in new york. vonnie: north korea confirmed it tested a hypersonic missile on wednesday. state media says the missile could likely hit a target 700 kilometers away. this came days after kim jong-un indicated new there talks with the u.s. were a low priority. taiwan will set up a $200 million fund as tensions escalate. they say the fund will be used for developing a tech sector and a chip industry. they allow taiwan to set up a representative office in the capital. singapore will require booster shots for people to maintain full vaccination status. this is needed to enter shopping malls and offices. they will lean on home recovery and testing to manage the virus. they will share covid statistics with the u.s.. australia has revoked the visa of tennis star novak djokovic. he has not made his vaccination status publicly known. federal officials say he failed to provide appropriate evidence and will be deported. >> rules are rules. there are no special cases. rules are rules. that is the policy of the g

vonnie quinn now with the first word headlines. vonnie: thank you. the latest covid wave in the u.s. may soon peak, but however, president biden's chief medical advisor says the turnaround will not be uniform. states in the south and west are still seeing a rise in cases. but dr. fauci said they should soon ease. he says the worst case scenario is a deadlier variant emerging. u.s. secretary of state antony blinken has rejected measures to escalate sanctions on russia over its military buildup around ukraine. he argues it would limit western options in the future. he told nbc that officials are tracking the security situation in the ukrainian capital hour-by-hour. the white house is also said to be weighing, to pull families of diplomats out of ukraine. russia has dismissed allegations by the ukraine for plans to install a pro-moscow leader in the ukraine. many ukrainian politicians are already subject to western sanctions. the ukraine says that a former mp is a potential candidate. russia says nato countries are the ones escalating tensions around uk

i'm vonnie quinn. this is bloomberg. shery: coming up next, more big bank earnings. the wage wars are heating up. we break down the results. plus, one of hong kong's few esg focused family offices tells us how they are building long-term wealth through sustainable investment. this is bloomberg. ♪ >> the situation that our business leaders are facing which is a large amount of uncertainty. >> our lives are centered on recovery. >> before the end of this year, we will get to a better place. >> the fed is going to begin to raise rates. >> it's going to be a constant trade-off between whether the market believes that the fed and other central banks have really got this gumption to raise rates aggressively enough. >> the u.s. china situation does create real challenges for any country to find a pathway. >> we see ups and downs because of temporary micro issues. long-term, we will be fine. >> this year should be better than 2021 and 2020. >> industry leaders discussing their outlook for 2022. let's turn to u.s. bank earnings w

vonnie quinn in new york. vonnie: north korea appears to have fired the biggest ballistic missile in five years. south korea indicated that pyongyang launched an intermediate range missile. it flew for 30 minutes at 2000 kilometers. north korea has fired more ballistic missiles in january than all of last year. u.s. senators are said to be nearing an agreement on the russia sanctions bill that could -- issue penalties if moscow does not leave ukraine. bob menendez says -- it could be applied based on what the kremlin is a ready done. u.k. is reportedly looking for ways to target the wealth of russian oligarchs in the property markets. -- sergio has been reelected as president and italy after a search for an alternative candidate. as mario draghi will remain as prime minister p he was seen as a top contender for president but lawmakers fear to return to -- without his leadership. he's been keen to retire but draghi asked him to stay to end the stalemate. rafael modell has broken the men's record for the most gra

let's get to first word news with vonnie quinn in new york. vonnie: thank you.istration sees the global chip shortage straining businesses from carmakers to consumer-electronics. officials say the private sector is best positioned to address near-term challenges. the u.s. is loaning their team .4 million barrels of crude oil remits strategic reserves. shel and philip 66 are among the largest recipients in what is the second biggest change of oil from the spr ever. nearly 40 million barrels have so far been released from the cache. the biden administration is trying to contain gas prices. dubai's finance minister says general came in at about $3.9 trillion, up .3% from the previous year at the weakest pace since 2003 according to bloomberg calculations. metropolitan police in london have begun a moment best to get in into the rule breaking parties held at number 10 downing street. it was announced hours after prime minister johnson's office confirmed employees had gathered to celebrate his birthday during the first lockdown in 2020. separately, a government repor

shery: the latest on the tennis star -- let's get to vonnie quinn for the first word headlines. vonnie: u.s. surgeon general says that countries covid outbreak could worsen in the short term. they called on health officials to close the gap in a severe shortage of testing. an increase in testing is not enough to meet the spike in infections, adding the country faces a tough few weeks ahead. billionaire investor bill ackman says the fed should raise its key rate by 15 basis points to resorts credibility. in a series of tweets, he said the market is anticipating three or four hikes of 25 basis points each. he argues a 50 basis point hike would reduce inflation expectations and moderate the need for more economically painful tests in the future. the u.k. labour party leader says prime minister boris johnson broke the law and lied regarding parties at number 10 downing street held during a national current virus lockdown. some members calling for him to step down. the concern murder -- conservative party chairman says now is not the time for a leadership battle. iran president has se

let's get to vonnie quinn with the first word headlines. vonnie: the u.s. cdc reclassified its travel advisory for singapore, telling americans to avoid traveling to the city because covid levels are unknown. singapore joins the same classification category as afghanistan, north korea, and syria. weekly infection growth rate has increased. they have faced nearly two months with over 800 cases reported tuesday. japan will bring forward booster shots for elderly people and maintain tight border controls to slow the spread of the omicron coronavirus variant. the prime minister told the new year news conference that million vaccine doses are available across the country. 1% of the japanese population has received their third shot. >> in order to guard against a rampant spread of community infections, our omicron measures will shift to domestic focus while maintaining the current border measures. we will further strengthen the framework for protection and treatment. as for vaccines, we will work forward a third doses for healthy workers and elderly. vonnie: gold

haidi: that's now get a vonnie quinn with headlines. nnie: the world bank has cut its global growth forecast as covid cases surge. gdp now seen as expanding 4.1% versus previous estimates of 4.3% per the world bank citing diminished policy support and supply chain issues. goldman sachs has lowered its predicted gdp growth for china to 4.3% in 2022, given the difficulty of containing omicron. eu regulators warning that frequent covid-19 boosters could adversely affect the immune system. the agency says repeat doses every four months could eventually weaken people's immune systems. they want more time between booster programs. israel has already begun a fourth dose program with 400,000 people getting the jab. philippine stock trading will move back to -- sessions from friday amid a surgeon covid. trading will start from 9:00 a.m. and close at 1:00 p.m. it has been only a month since they have returned for a full day. infections have taken a turn for the worse. one in five bank branches in manila are closed due to staff shortages. novak djo

let get to vonnie quinn with the first word headlines. apore will require a booster shot for people to maintain full vaccination status, which is needed to enter shopping malls and offices. officials say they will lean on home recovery and testing to manage the virus. . singapore will share its corporate statistics with the united states, after the cdc issued a travel warning you to lack of information about singapore's virus situation. russia and its allies will send troops to kazakhstan after a request from the country's president after protests escalated into violence wednesday. a state of emergency has been imposed after protesters seized official buildings, sparked by anger over a rise in fuel prices. the protests escalated over rising economic discontent. . authorities are keeping tabs on investors buying large amounts of foreign currency in turkey. they have requested that commercial lenders inform them of any big purchase that pact the market negatively. the lira has weakened 20% against the dollar in the last couple of weeks. glob

i'm vonnie quinn. this is bloomberg. haslinda: still ahead this hour, speak exclusively to the cofounder of india's latest unicorn and whether the ad tech sector will see more regulation. we talk about the policy risk raised by the fed as it contains pressures. this is bloomberg. ♪ >> there was a fear that inflation was going to come in hotter than expected. >> it essentially met expectations. >> we will see elevated inflation readings for the next few months. >> inflation is likely to be significantly above what is discounted. >> the message we have been getting from the fed. >> i don't think there was enough to stop them from pursuing this more hawkish path. >> i don't really think anything stops them from going in march except one of these kind of outliers, and i think they are ready. rishaad: some of our guests earlier and prices elevated at levels not seen in 39 years. haslinda: let's get more perspective from our guest, good to have you with us. we talk about how inflation came in in line with expectations, but the

for now let's get to vonnie quinn. vonnie: north korea appears to of fired one of its biggest ballistic missiles in almost five years. early assessments from japan and south korea indicate pyongyang launch the intermediate range missile. the weapon is thought to have reached an altitude of more than 2000 kilometers and was flown for 30 minutes. north korea is fired more ballistic missiles in january than in all of last year. the president in italy has been reelected after a search for an alternative candidate. the former ecb had will remain as prime minister. he was initially seen as a top contender for president. lawmakers fear a return to political chaos without is leadership -- his leadership. exit polls in portugal show the socialist by minister as won the election, is third term -- his third term. -- the fed of japan says investors should not be worried about restrictions on share buybacks. the tokyo stock exchange president says he thinks it is unlikely that prime minister kishida will follow through on talks of b

expansion at this for 10 years, let's get that story and the rest of the first word news with vonnie quinn. vonnie: singapore's economic recovery is gaining pace in the final three months of 2021, pushing the economy to the fastest full-year growth in more than a decade. gdp expanded 2.6%, beating economist estimates. that helped propel growth for the full year to 7.2%. despite the contraction in 2020. opec is excited to revise its supplies when. that that alliance is likely to proceed with a modest monthly hike next month of 400,000 barrels a day as it restores production. goldman sachs is asking u.s. employees to work from home until january 18. it comes after most of the bank's major peers, including j.p. morgan chase and citigroup, adopted a more cautious step as the omicron variant spreads rapidly across the nation. goldman is one of wall street's fiercest champions of getting staff back and offices. travel delays continue as the winter storms sweep eastward, and staff shortages continue. more than 2000 flights into and out of the u.s. were canceled as of midday sunday, on top of 3600

i am vonnie quinn.his is bloomberg. ♪ shery: still ahead, how a potential russian invasion of ukraine could impact oil and other commodities. our guest joins us from the sidelines of the asia-pacific conference to discuss. up next, a wise time to look beyond interest rates. thornburg investments' jason brady joins us to discuss that and the investment outlook. this is bloomberg. ♪ ♪ >> volatility is back. the vix at 39. >> yesterday was one heck of a selloff. >> paid is not surprising to me to see these dramatic shifts. >> there is a lot for the market to digest. >> a seachange in terms of fed policy. >> risk valuations on some of these stocks. >> we think you should be buying. >> opportunity for the long-term investor. >> can we have more selloff? >> sure we can. >> we all knew volatility would be up. >> that is something to think about now. paul: some recent bloomberg tv guests discussing the volatility we have been seeing in the markets. it was another jittery session in the u.s., the s&p 500 closing

i'm vonnie quinn. this is bloomberg.worries about contagion from china's crisis have reached country garden. more financially viable firms -- for the latest, let's bring on david engel it from hong kong. what is going on with country garden now? stephen: warning signals were raised last week when they failed to garner any demand for the $300 million convertible bond. as you rightly said, this was one of the more financially viable developers. this had been the largest developer contractor of sales in china, overtaking evergrande in 2017. they have been number one and like the other developers in this liquidity crunch, they relied heavily on the overseas credit market to fund expansion and what they have done, like evergrande, is expand into third and fourth tier cities. where the risks seem to be mounting at a faster pace than the more developed places like shanghai and beijing, the tier one cities. they have relied on this access to funding to grow exponentially and you have to look at its upcoming liabilities. it has t

let's get the first word news with vonnie quinn in new york. blocking -- china is blocking some flights from the united states to curb covid. united scrapped plan flights from shanghai in six days in late january. reuters reports these flights are canceled after passengers tested positive for covid on arrival. eu regulators are morning that frequent covid-19 booster shots could adversely affect the immune system and may not be feasible. the european medicine agency says repeat doses every four months could weaken people's immune systems. they want more time between booster programs tied to the onset of cold weather. israel already begin a fourth dose program. philippines stock trading will go back to half-day sessions from friday through the end of the month amid a surge in omicron cases. trading will start from the 9:00 a.m. pre-open and close at 1:00 p.m. infections have taken a turn for the worse in recent weeks. one in five retro bank branches in manila are closed. novak djokovic is back training as he prepares to compete for a record 21st

i'm vonnie quinn. this is bloomberg. paul: let's have a check on the big gold producer currently our west -- worst performing stock. gold production coming in as a miss. the broader asx better by 1.8%. still to come, we discussed renewed xenophobia in japan. nancy snow joins us for that. we also look at how markets should be concerned with sticky inflation. this is bloomberg ♪ >> who knew that global logistics were this fragile? >> we have to be careful because we all live -- uncertainty is the word of the day. >> supply chains will be here till the end of 2023. >> we have seen shipping container prices increased by a factor of three. >> we will see price hikes from businesses to consumers. >> it's inevitable that some of that will have to be priced through toward the end markets. >> the labor market is very tight so it appears the market has less capacity than we thought that's why we are in a situation where inflation has not faded away quickly. >> the business is coming in supplies, wage inflation etc. of course, the

shery: let's get to vonnie quinn. the new york attorney general subpoenaed ivanka trump and donald trump, jr., looking into their father's business dealings. they wanted to see if the former president's real estate -- president real estate was illegal. newly released documents show the woman suing prince andrew for sexual assault took a monetary deal. virginia giuffre -- her lawsuit is barred. andrew has denied the allegations. u.s. regulators have increased doses and schools reopen. the fda will allow a third stop for children between the ages of five and 11. the u.s. has seen an increase in hospital admissions, rising to more than 500 a day. new york mayor eric says they might expand vaccine mandates for booster shots. health sector employees are required to be fully vaccinated while a private sector mandate went into effect december 27. global news, 24 hours a day, on air and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in over 120 countries. i am vonnie quinn. this is bloomberg. sh

i'm vonnie quinn. this is bloomberg. haslinda: still ahead, we will discuss the outlook for global market growth after apple reported their latest earnings. an expert explains why the world must learn to live with the coronavirus. hong kong and china stick with covid zero strategies. this is bloomberg. ♪ haslinda: all right, chinese property developers down for a third day. proposals being considered to breakup china evergrande. pressure on chinese property developers continues. rishaad: it absolutely does. they are trying to prevent the disorderly collapse of the troubled company. let's have a look at all of this in a bit more detail. the wider economy -- analysts say that is not enough to protect china and the wider economy. why do authorities consider such a way to deal with this distress which is facing evergrande? >> i think the government wants to take an orderly disposal for evergrande. that means to hit a balance between maintaining financial stability and to limit the impact to the economy and on the other hand,

i'm vonnie quinn. this is bloomberg. paul: we're watching james hardy at the moment, falling up to 7% after the ceo was fired. this is after employees complained about his work-related interactions. an inquiry found that while his conduct was not discriminatory, it did breach the james hardy code of conduct, so the ceo is gone. it must be noted that james hardie has upgraded its earnings forecast for the upcoming fiscal year. declining 7.5% in early trade here in australia. still to come, will hear from a researcher whose look at how diversity affects public perceptions of the central bank. why one market my -- market watcher sees opportunities for rebound as covid concerns fade. this is bloomberg. ♪ >> 2021, you saw strong earnings across the board. >> the stock market is saying we're going to have height normal growth, that should be good for earnings and profitability in 2022. >> it shouldn't take much for a little bit more multiple stability and continued strong demand on the top line for companies to deliver a year

let's get to first word news with vonnie quinn in new york. rth korea has fired an unidentified projectile into waters on the east coast. japan's coast guard says the object appeared to be a ballistic missile and nhk reports it fell outside japan's exclusive economic zones. lunches north korea's first of the year, days after their leader kim jong-un urged to focus on easing food shortages and containing covid. the u.s. cdc has recast the travel advisory for singapore, telling americans to avoid traveling to the cd because the covid levels are unknown. they are now in the same category as afghanistan, north korea, and syria. the weekly infection growth rate has increased at its fastest hasten more than two months with more than 800 cases reported today. new research suggests the delivery times for semiconductors lengthened again in december. susquehanna financial says lead times increased by six days to about 25.8 weeks last month compared with november. . that is the longest time since they began tracking the data in 2017. however, some major c

let's get over to vonnie quinn. vonnie: the biden administration may slap export controls on russia if it sees more war in ukraine. it is discussing what allies. we are told the new trade rules could apply to shipments from the u.s. to russia and possibly to some foreign made products. some big european powers are said to be concerned about the economic follow of any russia sanctions. there is the risk of a split with the u.s. on how strongly to hit moscow in the event it in bait's ukraine. western allies are entering high stake talks this week aimed at defusing tensions with the kremlin. the eu is still weighing the impact of any trade restrictions. u.s. troops stationed in japan will no longer leave their bases a second -- except for essential reasons. areas close to bases are seeing record virus outbreaks. the problem is being blamed in part on u.s. forces. an emergency is in place across parts of japan including okinawa. sri lanka wants to restructure its debt repayments to china. the country is searching for fun

shery: let's get to vonnie quinn. fed president charles evans says rates could rise up to four times this year. officials have three increases. he says that may change if inflation data don't improve quickly enough. the philadelphia fed president also sees up to four hikes and favors a march left off. the richmond fed president says officials should be ready to normalize by them. fed governor with lael brainard says interest rates should begin by march to ensure inflation is brought under control. his chances of securing a smooth confirmation as vice chair appear good. she told lawmakers the fed will be in a position to begin at hikes once asset purchases end but which is scheduled for mid march. >> inflation is too high and working people around the country are concerned about how far their paychecks will go. our monetary policy is focused on getting inflation back down to 2% while sustaining a recovery that includes everyone. this is our most important task. vonnie: an official in china has warned companies could fa

i am vonnie quinn. this is bloomberg. paul: still to come, the u.s. secretary of state says it is too early to step up sanctions on russia over ukraine. up next, more market watches. seeing the fed tightening faster than expected. we discuss the implications with directions -- direxion's dave mazza. ♪ paul: time now for your week ahead. jampacked a few days on the economic and earnings front. in europe, italian lawmakers will start voting to elect the next president with mario draghi a top contender. regional pmi's on monday and gdp prints from germany and france. south korea also reports its latest growth figures on tuesday ahead of the debut of its biggest ipo on record. lg energy will list. the main event, the fed's first rate decision of the year on wednesday when we will also hear from chairman jerome powell. shery: the central bank is expected to signal its first rate hike since 2018 and pave the way for a march move. oldman sees a risk of more aggressive tightening until the inflation picture changes. janet yellen things the fed will be able to

haslinda: let's get to first word news with vonnie quinn in new york. vonnie: thank you. governor christopher waller says the central bank will have to raise interest rates as many as five times this year if inflation remains stubbornly high, but in an exclusive interview with bloomberg television, waller ruled out hiking in march 50 basis points. >> three hikes is still a good baseline. we will have to wait and see what inflation looks like in the second half of the year. if it continues to be high, the case will be made for four, maybe five hikes. >> rates could rise up to four times this year. analysts say that may change if inflation data falls quickly enough. philadelphia's fed president also sees up to four hikes. tom barton says officials should be ready to normalize by then. the rest of the defense ministry says troops are pulling out of kazakhstan. they were deployed to deal with protests that started in early january over full -- fuel prices and quickly became violent. novak djokovic has been entered into the first tennis grand slam of 2022 despite out over if a

here is vonnie quinn with first word news. bonnie: yes.ay dozens of antigovernment protesters were killed by security forces and hundreds wounded after the president announced what he called an antiterrorist operation. the u.s. and eu have urged kazakhstan to seek a peaceful resolution. the world health organization says while the omicron variant may appear less serious than previous claims, it is not to be considered mild. global casas sword a record 71% during the week of january 2. actual case numbers are expected to be much higher due to underreporting. the u.s. cdc says it is working with singapore's ministry of health to update its travel advisory. officials in singapore blame lack of testing supplies. bank of america is encouraging u.s. employees to continue working remotely through next week due to a moderate surge in covid cases. an internal memo also encourages staff to get fully vaccinated and obtain booster shots. several banking firms are rethinking office plans after the holidays. i'm vonnie quinn and this is bloomberg. hasli

i am vonnie quinn.is bloomberg. ♪ >> we are seeing a little bit of upside after those losses we saw in the new york session. treasury yields surged here in new york and in the regular session. it was quit the reversal with equities higher for much of the day but then we had chair powell speaking. ready to raise interest rates in march. a bearish reversal in the afternoon. >> i am here in australia as well as we resume trading. the asx is better by 1% now. beach energy is performing on the asx right now. we saw the oil price surge. futures for the nikkei pointing to honestly -- modestly higher. you see across the bottom of the screen, we are watching yields for the aussie and kiwi bonds very closely. new zealand had blown out cpi numbers. 5.9% year-over-year. this is the fastest rate of inflation since 1990 in new zealand. bond yields rising here in australia when we had a similarly high inflation. >> when it comes to china's industrial profit numbers, out in the coming hours, let's go to the chief econo

haidi: let's get to vonnie quinn with the first word headlines. vonnie: the u.s.iewing alibaba's cloud business to see if it poses a risk to national security. the investigation is focusing on how the tech giant plants data. the company is also facing regulatory issues in china where it continues to face good news from beijing over data handling. china's capital is seeing signs of further coronavirus bread with delta and omicron infections. authorities say a person in a different part of the capital tested positive for delta. officials has set up mass testing across the city. the greater tokyo region is set to come under aim -- an emergency from friday. measures are expected to be in place for three weeks as the government tries to wait -- rain and covid cases. the prime minister says the final decision will be made wednesday. local media reports the tokyo plans to raise the virus warning level with more than 5000 cases on tuesday. the u.k. prime minister boris johnson will face angry lawmakers in parliament during weekly q&a session on wednesday. his own party me

i am vonnie quinn. this is bloomberg. rishaad: still to come, going against the consensus for an increase in hong kong prices. haslinda: and we will dive into goldman sachs results which reveal how expensive it can be to retain talent. keep it here with us. this is bloomberg. ♪ haslinda: it is a risk off day here in asia, after all sectors on the s&p closed the day in the negative. the nasdaq dropped 2.5%, investors selling high growth as well as high valuations stocks. jonathan is with us, you say singapore is a defensive play. we don't talk much about it and it's time to look at singapore stocks. jonathan: yes, we were bullish on it last year, turned it over to strong overweight for this year. the s&p 500 goes to 4400, but it also had a lot more than that. it's got a very strong value component and very strong banks in the index. it has a rocksolid external position with substantial current accounts. i would characterize it as a creative approach to managing covid, which is going to see it well over the medium to long-t

i am vonnie quinn. this is bloomberg. ♪ >> --rishaad: going straight to congress. a seen on the senate floor. a bite and let effort to protect and boating. u.s. senate there is voting to block filibuster changes. another setback therefore the president's legislation be blocked. ♪ rishaad: here is a name you may want to keep an eye on. we are talking about eki energy services. the company made its ipo debut last april. 10,000% gain in the stock. the chairman is joining us exclusively, manish dabkara. thank you for joining us. what a performance. i suppose people betting on the zero carbon, how do you fit in? manish: it was a fantastic journey, the last nine months. after that, the value thing i'm learning -- that is the journey in my head. expedia is irrelevant in terms of others. rishaad: we are expecting a carbon trading system to be introduced. how far are -- how far away rem up are you playing in the upbringing of those targets? what are you doing to get that helping in the absence of perpetrating -- absence of arbiter training at the moment? >> i will redirect.

vonnie quinn. this is bloomberg. rishaad: quickly looking at u.s. futures. we see continued declines turning back further selloff in the u.s. looking at what we have as a call coming from nomura. forecast will be hiking interest rates by 50 basis points. going on to suggest the cost of borrowing could go up by 25 basis points in may. in june, july and december. we are looking at 150 basis points for the whole of 2022. also getting haslinda and ominous warning on the economy friday were noun investor. -- a renowned investor. haslinda: we are talking about jeremy grantham. he has gotten the market's attention. he is sending an alarming message the world needs to prepare for a future with high inflation and slower growth. he spoke to erik schatzker in a front row interview. >> i have not written about inflation for 20 years. when i did quarterly letters, i never featured inflation. i did not think it was on the radar screen. it is now on the radar screen once again. it is not that inflation will go roaring back to 1972 or 1982. instead, it will always be part o

i'm vonnie quinn. this is bloomberg. shery: we have pmi numbers across asia right now. improvement for a few economies including taiwan and south korea. south korea now seeing a gain of about 50. 1.9 in instead of the previous 50.9. we are still in expansionary territory and south korea. over the weekend we had export numbers for december pushing those value of shipments. we are also seeing taiwan's pmi numbers improving. they have been in expansion territory since 2020. indonesia, the philippines, malaysia, all pmi numbers above that 50 level. paul: for more on the pmi numbers across asia, let's bring in our bloomberg economic and policy editor kathleen hays. let's start with korea. demand for exports is driving the manufacturing pmi higher. kathleen: i would say to stepped back, these numbers look good. some have improved a lot. some have improved a little. at a time when the world is worried about the omicron variant, it may be throwing a monkey wrench in the works. so far, so good. with korea what we saw over the weekend was exports numbers. yes, they slowed down in