kriti: and i am kriti gupta. u.s. stocks are rallying, investors waiting the resilience of the economy and aggressive monetary policy. the s&p 500 bouncing back from the lowest close in over a month. the same cannot be said for oil as it snaps a four day gain. the global growth forecast intensifying an economic slowdown. elon musk might be getting financial assistance from apollo with his twitter bid. the firm is interested in helping the world's richest man take over the social network. all that and more coming up. john: thanks. let's start this hour with a quick check of what has been happening in the markets. kriti alluded to the bounds we have seen for the stocks. the s&p with a gain of more than 1%. the nasdaq really helps explain the story with an advance of 1.5%. the technology sector getting a lift today. whether that is resilience of investors watching the economic uncertainty, whether it is the pullback in oil prices. let's get more perspective on all of this from evan brown, head of multi-asset strategy at

kriti: this is "bloomberg markets." i am kriti gupta. that was ursula von der leyen, european commission president speaking earlier today. gas suppliers have paid in rubles even after russia said it stopped natural gas flows to poland and bulgaria. let's turn to annmarie hordern, and a senior energy trader at cibc private wealth management. i want to draw on your experience covering the oil market, covering this region. i'm curious about what the president -- what the precedent is here. what are europeans and governments preparing for when it comes to halting gas flows? annmarie: there is no prece dent for what we are seeing today, and also that russia started with poland and bulgaria. it looks like putin is testing the waters a little bit before going after the massive players. what comes to mind is germany. we heard the german economy minister, he said 35% today they are still getting from russia. we have seen flows disrupted in the past. there have been feuds before, between russia and ukraine, notably in 2009, the depths of winter, v

i'm kriti gupta. this is bloomberg. ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ so many people are overweight now, and asking themselves, "why can't i lose weight?" for most, the reason is insulin resistance, and they don't even know they have it. conventional starvation diets don't address insulin resistance. that's why they don't work. now there's release from golo. it naturally helps reverse insulin resistance, stops sugar cravings, and releases stubborn fat all while controlling stress and emotional eating. at last, a diet pill that actually works. go to golo.com to get yours. mark: now keeping you up to date with news around the world. here's the first word. i'm mark crumpton. u.s. treasury secretary janet yellen said the u.s. is open to scaling back the trump-era tariffs on merchandise, imports from china to help provide americans relief from the fastest inflation in four decades. secretary yellen: we're re-examining carefully our trade strategy with respect to china and, you know, i think it's worth co

kriti: this is "bloomberg markets." i am kriti gupta. weakness at the heart of today's trading story. the dollar strengthening to a two decade high against the yen. it is huge when it comes to the purchasing power for the japanese economy. japan is a major oil importer. what happens if not only does those oil contracts get larger, but the purchasing power gets weaker. how does this really work? how do you maintain an economy that is just now, after decades, getting that inflation target? let's ring in bloomberg's michael mckee and erik nelson. erik, let me start with you. we are still a far cry way from the currency intervention. it is a currency intervention even logical right now? erik: you have to think about what is the bank of japan saying. what are they telling us? so far, they have been comfortable. i have been surprised. they will not get concerned until 135, probably 140. first they will ramp up the rhetoric. they will talk about intervention or discomfort. at some point, they will sound more serious about actual intervention. w

kriti gupta is on the ground. kriti: we'll perhaps get new numbers of how many people were affected by this shooting. the official numbers we have from the fire department come to 16 and 10 of them shot and others dealing with smoke inhalation and shrapnel and mental trauma as well and that being said since that conference at 12:00 today local time, you have heard other reports those injuries and those people affected, that number has risen to as many as 29 people. we will be waiting for more numbers on how many people are affected and what those injuries look like as well as if they're still in critical condition. as as far as what's going on the ground, the 36th street subway station is actually closed. it's not clear if that crime scene will be completely cleared by the end of the day. it was the expectation early on when we came here. the other expectation simply is do you see this function on the b lines and w lines that were closed down and are active tomorrow morning. those are the questions a lot of people

i'm jon erlichman along with kriti gupta. oils sinking to their weakest level in two weeks over concerns of spreading covid outbreak in china could weigh on demand. thus get more perspective from julia who covers the bloomberg -- the oil market for bloomberg. in percentage terms, it could turn out to be the worst day so far this year. with early covid concerns we saw in china and shanghai, it's almost as if we are using that as a template now that everybody is starting to focus on what is happening in beijing. it julia: that is exactly what i'm hearing. demand has gone down around 1.4 million barrels a day because of the shanghai lockdown. if beijing goes into lockdown, we have seen certain districts go into lockdown and that could really mean bad things for crews and amending outlook in the future. everyone was fight -- pricing in tight supply, driving season. china could not control that demand outlook. it is the world's biggest importer of crude and i think it imported over 13 million barrels a day in 2021. kriti: you ment

i'm jon erlichman with kriti gupta. the fed will release a recap of economic conditions across the 12 federal reserve districts. for insight and analysis of recent hawkish commentary from the fed, let us bring in danielle dimartino booth. former advisor to the dallas fed. also joining us, michael mckee. in terms of the economic conditions you are watching most closely right now, what is top of mind? >> i think the clashing forces between how inflation is working its way through the economy whether you're talking about earnings season or delivery times, i am looking at that and the crossover between that and slowing economic growth. we have seen job postings peak on indeed.com. we are seeing signs of slowing in the housing market and auto sectors. for me it's always fun to try and see which federal reserve district wrote the beige book how hawkish or dovish stilts because of which district is the author that there is an argument to be made that i might need to get out more. >> we all need to get out more these days. one

let us get on the ground in brooklyn with kriti gupta. amid the sun filled day in brooklyn upended by this tragedy. what is it like on the ground? kriti: we are seeing some of the police presence clear up. for the first time since we arrived you can see the subway station, the entrance opening up yet in clear sight. that was surrounded by the police presence. you are seeing that declined. they have also moved and opened the roads in front of the subway station. that is the first since the attacks happened. they created a 20 block perimeter. that is being removed and closed in. the shelter-in-place order remains in the restaurants, delis that would see an active lunch are closed. romaine: it would be good if you could talk to some of those people and see how they are handling this. have they given any update with regard to allowing passengers down into that station and back onto the trains? kriti: like some of the delis and restaurants in the area they have completely blocked off -- you cannot enter the subway because of the police. that i

kriti gupta expands further. kriti: the story will be the food prices hitting a record. this is important. you talked about the black sea. this is what the u.n. report is talking about the driver behind the latest leg higher, the idea that there is reduced export supplies amid the ongoing conflict in the black sea reason -- the black sea region. that has to do with where the grains go and were vegetable oil goes. turkey in particular. the question is what is the historical precedent. if you look back 10 years, there are two spikes. one in 2007 and the one in 2010 which is the post-recessionary recovery and the crop crisis. the difference is how long does it take to get the price relief that is the question a lot of people will be asking. tom: kriti gupta, thank you so much. dow futures up 147. the vix, 21.23. now we attend paris and that can only mean caroline connan who has provided leadership in our paris operation for years and we are thrilled she can join us with the tower in the background. on the right, marine le pen. all of the focuses on emmanuel macron. what hap

i'm ritika gupta. this is bloomberg. kriti: thank you so much. there's a new twist in the saga of elon musk and twitter. worlds were just person now says he will not be joining twitter's board. that cares the way for them to buy more shares in the company and raises a whole lot of questions. for more, let's bring in alex webb of bloomberg quicktake. will he buy more shares? alex: i don't want to predict anything to do with elon. the door is open for him to buy more shares. the stock is up this morning, having been down initially at the news, as the market expect him to buy new shares. part of the thing with him joining the board, it imposed a bunch of rules on him. he can't buy shares about 15%. one thing we have seen is that elon does not like rules, so that might be why he did not going. guy: is there a plan here? you look at this, the story changes on a day by day basis here. our regulators going to be go with that? alex: it is hard to see how they would, but if he had expressed a plan and told the market there was a plan beyond just joining t

kriti gupta, bloomberg, new york. haslinda: and we speak with new york city's mayor later at 845 a.m. wednesday in new york, 8:45 p.m. in hong kong. the world's top independent oil trader intends to completely stop transactions involving russian origin crude and products by the end of this year. they say volumes will diminish significantly in the second quarter before being fully phased out. in un email statement, they reiterated they would not enter into any new russian crude and products trade. sri lanka has pulled payments on foreign debt to preserve its dwindling dollars stockpile for central -- essential crude and fuel imports. authorities are said to be speaking with creditors and our warning of a possible default. the announcement following calls for the president and his brother to resign. boris johnson is now the first sitting u.k. prime minister in modern time to have been found guilty of breaking the law. he said he paid a fine for breaching coronavirus lockdown rules his own government passed. while apolog

kriti gupta joins us with more details. kriti: you are seeing skyhigh grocery and food prices that will effect emerging markets more than folks at home. there are folks that will benefit. kroger is one of those. it is part of the bank of america upgrade. sure prices are rising and that means more cost for kroger but, they are able to pass on the cost to the consumer and given the amount of money in the system now, in the pockets or balance sheets of a lot of american households, they are actually able to eat some of those costs. you can see some adjusted eps for kroger continuing to rise. it is forecast to continue rising until 2024. you can see bank of america saying, yes, there are higher cost for kroger but given the strong consumer this is not necessarily a deal breaker. romaine: yes they make money in the short term but there is -- is there some threshold analysts are looking at where consumers do not spend more? kriti: that is where wages come in. wages are increasing so you have a wealth affected their helping some c

anna: thank, kriti gupta. let's take a look at oil, heading for its third weekly loss due to tumbling chinese demand. jp morgan is watching the eu ban on the potential for it. it has warned brent crude could get higher, $185 a barrel. joining us now is the analyst who wrote the report, natasha kaneva from j.p. morgan chase. nice to see you, thanks for joining us. what would need to come together to result in 185, is that the extreme of the scenarios you have looked at? natasha: absolutely this is an extreme. the speed of how fast the market can get to that price is how fast the european union decides to move away from russian oil. we believe this will be what europe will do, move away from russian energy in general but the market needs time. if they do it immediately, then we would see the price going as high as $185. 4 million barrels a day lost which the market cannot absorb quickly. kailey: one thing for prices to hit $185 a barrel, another thing to stay there. i would imagine some demand destruction would

i'm kriti gupta. let's get more on the masks. moments ago we got headlines that the mask mandates for planes and trains have been overturned by a florida judge. talk about what the loss of the mask mandate would mean in the long-term fight for fighting covid. >> this is one of our major measures. masking, social distancing are important measures we have to protect people from having covid. right now we have omicron and we know it tends to give a better outcome, but we have people at risk and we need to take public pence for tatian. -- take public transportation. jon: the other thing are those struggling with long covid. can you talk about getting the right information to get what is with long covid. dr. duggal: is trying to get good numbers and understand who has it and what are the risk factors and the outcomes we are seeing. we are watching people continue to have long-term symptoms or develop new symptoms related to their initial infection and now we have people a year out that are experiencing fatigue, shortness of breath, ad

creepy: and i'm kriti gupta. the nasdaq is down as much as 3%. yields dropping six basis points. people selling stocks, that seems to be the trend right now. that comes to when the dollar is weakening as well. the yen, the euro, it has everything to do with differentials. even on the micro front, general electric saying that the macro issues are the worst he has seen in his life. helpful context -- jon: that's helpful context there. it's the outlook from those companies that is raising recessionary risks. looking at the s&p 500 banks index and what's been happening this month, the bloomberg team was writing about this and you came into it thinking that higher interest rates would benefit the banks, the idea that net interest margins would be rising but that the recessionary risk is taking over to the point where this could wind up being the worst month for this particular index since march of 2020. kriti: staggering that something like the banks, which are seen as the normal, they should be thriving. the idea is that growth is becoming a bigger and bigger issue. outside of those

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let's get you some single names with kriti gupta. kriti: a lot of this is stemming from what you will see in apple and amazon. apple warning about supply chain issues, potential $8 billion in losses coming out of china. tim cook build his legacy on securing that supply chain, so not good news for apple. different story for amazon but you can argue that it is similar because they invest so much in their labor and warehouses, when you see the slowing spending narrative, the margins are not there. down over 9% this morning. talking about the slowing down of the consumer, spending is tracking into the intel story as well. lower pc demand. tesla is another one we had keep our eyes on. up in contrast to the other moves we are seeing, after elon musk disclosed he already sold $4 billion. we have talked about how the twitter deal would be funded. do you sell tesla to buy twitter? that is the trade that appears to be happening. today, a sigh of relief. exxon mobil, chevron, both reporting earnings this morning, both recording record profits o

jonathan: some breaking news as well, we can get some single names with kriti gupta. kriti: as you look at russia halting some of those flows into poland and bulgaria and potentially the rest of europe, you are seeing big moves in natural gas futures. eqt, the largest producer in the u.s., rising. can they make the gap up from ukraine, the conflict going on in eastern europe? the other big story are the tech earnings. and nasdaq 100 futures are not down, they are up. microsoft soaring, up 4%. they have a massive cloud business. alphabet, on the other hand, down 4.6% in the premarket. this has to do with the european market and youtube viewers being lost to tiktok. i don't know anything about tiktok. lisa is on top of it, unlike the rest of us. meta, one name that you want to watch after the bell. how much will ad revenue begin issue? twitter down this morning, which means tesla is up. the inverse correlation between those two stocks is something you want to watch. texas instruments down after the supply chain concerns in china. tom: i don't want to be inflammatory on

gupta. kriti: the idea here is that perhaps people market is dead, especially in light of a real yield that is turning positive. at the same time, we have a very aggressive

kriti gupta joins us with a look. what's going on with barclays on ford? kriti: it's not just for today are negative on the entire auto sector. it is supply chain issues, you cannot get the chips you need. metals and raw materials are so expensive and that will add to the cost. only one third of commodity needs are locked in as the year began. that will be a real problem when it comes to production. fortis specifically is the case study for all of this. march sales are sharply down year-over-year. ev sales are up. ev's actually require more chips and more metal than your traditional car. is that the spots that will get hit next? barclays and not -- is not alone in some of these worries. the bank of america says 2022 is sitting up to be a round two of 2020 when it comes to supply chain shortages, etc.. matt: that is the f-150, the lightning, the electric f-150. i think it looks awesome. it will be harder to produce. a ton of people want to buy it. for a long time they closed in the order list because too many people wanted it and they cannot get it to them.

one of the phone calls will be to kriti gupta to see if she wants to load the boat on amazon. right now she is looking at the inflation-adjusted yield. kriti: we have to talk about the real yield because you were just talking about the idea of amazon, are they coming to market because they're expecting borrowing costs to surge. you talk about where real yields are headed as well as nominal yields. last week you saw steep moves. the real yield is catching a lot of people's eyes. we are 11 to 12 birds -- 11 to 12 basis points away from a positive real yield. the implications are significant, not just for the stock market, does that mean stocks become less attractive, but it also has implications for financial conditions. those conditions have not tightened as much of the fed wants them to. if you see a positive real yield that is viewed as a risk off mood. does that spur a tighter financial conditions index? that is something we will keep our eye on. tom: thank you so much. we will fit is this our strong with joshua sharfstein, vice dean of health at johns hopkins. bloomberg is

pretty -- kriti gupta: thanks out with results. citigroup, wells fargo. cities call is underway. the bank cut exposure to russia by $2 billion. sonali basak has been following the calls. what do we know? sonali: we have heard how city has cut exposure by $2 billion in addition to that the exposure they have on potential credit losses. they have reserved about a billion dollars tied to russia. goldman sacs as losses across multiple businesses. look at what james gorman of morgan stanley had to say. james: apart from the volatility created there has been limited financial impact to morgan stanley. a few years ago we decided to give up our banking license and scale back operations in russia. as a result of these actions and the current war we are not interesting -- entering any new business in the country and our activity is a limited 12 global clients close out of pre-existing operations. synodical and for morgan stanley's volatility has been helpful. morgan stanley cited the middle eastern african region as a fruitful part of the business when it came to trading. >> if you strip o

bloomberg's kriti gupta is tracking the moves. there are some massive movers beneath the surface. kriti: it tells you a lot about the earnings story. the idea that earnings were supposed to be this growth etc. later -- growth accelerator, a warning sign that things are going in the wrong direction. corporate america is a low more stable than i think a lot of investors thought they were. nasdaq 100 really recovering from the pain yesterday led by netflix losses. you are seeing a bit of a defensive tilt, but a nearly 1% gain on the s&p 500 signals just a little bit of -- a little bit of breadth when it comes to what is under the surface. we are going to wait for some commentary from chairman powell on that 50 basis point rate hike . the other thing you want to keep an eye on is bond volatility. bond volatility, fx volatility is extremely heightened. when you see stock volatility, it has to do with who is in the market. bond traders really anticipating the fed, whereas stock traders hesitant to get into the market. anna: more on that shortly. thanks to bloomberg's critic up to. let's

in the equity market, kriti gupta went large on the amazon deal. she does equities this morning. >> we will build on the point that if you are seeing demand destruction, you are changing consumer behavior. what do companies do with that? jp morgan kicks off tomorrow. the question is with the amount of cash on these balance sheet, where does the cash go if you are expecting inflation? the answer has been buybacks. you are seeing record buybacks as companies are flush with cash. this chart shows a huge steepness when it comes to those buybacks. look this up when you get a chance. this is important when we talk about where else they could be spending the money. capital expenditure, spending on your staff? those will be the questions this earnings season. tom: news flow this morning, the 10, 2 .77%. slight equity left. we have marc champion to talk about his wonderful continental perspective of europe in ukraine. instead, i will rip up the script and speak of mr. pruden and the far east, the first sighting away from the long table in the kremlin, talki

kriti gupta provides wisdom. kriti: we've got to talk about the mask mandate dropped after a federal judge basically overturned the ruling saying that in public laces, whether it comes to metro lines, airlines, uber rides, you no longer have to wear a mask. that is important when it comes to the airline industry, which has been lobbying more and more for the biden administration to drop this mandate. it also comes after the cdc extended that mandate to may 3. my chart of the day actually puts that into perspective. with the tsa checkpoint throughput, a lot of fancy words for homely passengers are flying through the airline industry in the united states, you can see we are nearly back to prepend them at levels. the hiccup -- to pre-pandemic levels. the hiccup is how that is affecting airline stocks. if you were to overlay a chart for the industry, it would show we are aligned until the last couple months, which would show a complete drop. it has everything to do with commodities like jet fuel the labor shortage. t

kriti gupta never has japanese yen off her radar. she has a vision back 30 years. kriti: one of the topics is are we going to see intervention when it comes to the japanese yen. we know the boj is active in the japanese bond market, where a lot of people are flocking to the dollar because of those interest rate differentials. the result is the yen weakness. the last time the boj intervened was back in 1998, when you had dollar-yen hit 148. then steepness in 20 -- in 2002 where it hit 145. the issue was do you intervene once again? there are two sides to the trait, the dollar side and the yen side. any move has to come with the cooperation of the united states. do you see it again in 2022? tom: greatly appreciate that. a lot of talk of the round number of 130, we are not there yet. to our conversation with the gentleman with a masters in business podcasts, too much going on. barry ritholtz. through the lisa abramowicz dartboard we came up with, netflix. they are -- there are 54 opinions on netflix. why do we need 54 opinions on any given stock? barry: if you want to

kriti gupta here with an important chart. kriti: i am just going to go off of what evan brown said. he really focused on have an exposure to the export oriented economy, names like brazil, like australia. there's a case to be made with some of that same exposure. we do have a pretty big export base. forecasting record exports when it comes to agricultural product when you have oil, defense, all products that are going to help the united states bottom line. when it comes to the trade-weighted dollar, relative to the recovery that we saw post great financial crisis come on the left and the chart, you see this major surge into the dollar similar to the one we saw in 2020, but the difference is two years outcome you saw a round-trip, it would getting of the dollar that boosted those american exports. this time two years out from that surge, you are seeing the dollar strength again. a lot of it has to do with inflation or pressures, but how does that help exports at a time when the united states could help fill the gap from russia. tom: wanted to the great truisms of the beatles is it st

first isaac was got kriti gupta on tech. jonathan: we are waiting for some twitter earnings as well. tom: i thought they were out. lisa: i cannot tell you. jonathan: you were talking -- tom: you were talking to elong on the break -- to elon on the break. jonathan: here are your single names. we can get them with critical to. kriti: talking about those tech moves, you really see that in the massive user growth number coming back. it's a lot but growth is in instagram. really powering the stocks this morning. qualcomm is the other one. this is the biggest iphone chip supplier across the world, huge when it comes to forecasting what apple is going to say after the bell today. they came out with earnings that not only beat, it was a robust strong outlook. the demand picture is doing better, so shares up 6.7% this morning. apple really taking the lead from qualcomm. apple after the bell talking about consumer demand and the supply chain. let's talk about amazon, not just consumer demand here in the states, but really there global

. -- kriti gupta. >> you are looking at the s&p 500 down -- actually it is flat but it was down. talking about the ecb, the euro of .3%, the consensus when it comes to the ecb, no change in policy but that does not necessarily mean traders aren't going for pricing. there is the highest level since december 2020 so we will keep an eye on watch it is after the ecb. the 10 year yield also about flat. not a ton of movement. that could change once lagarde starts speaking. we have a little bit lower into crude, 103 dollars, anything above 100 is not good news. tom: thank you so much. lisa abramowicz and tom keene on a day here and i can say with and all the years i have been doing this, this is may the most packed day. let's slow things down and i want to start with the international fund today. not only discussions with i officials including the managing director but we're thrilled to bring you angela and daniel. this is truly one of the high points of the year. i also want to talk about what else is out there. christine lagarde was mentioned, familiar with this atrium where in. one i

let's do that with kriti gupta. ritika: let's talk -- gerard: let's talk about what we are going to expect with some of these bank earnings. we already had wells fargo earnings but we need to talk about what else we will hear. we heard credit losses are likely to accelerate from historic lows. they bracing for the worse? that is the question we asked jp morgan yesterday and we will keep an eye on what do the buybacks look like as we start to see jp morgan authorizing a $30 billion repurchase plan. will we see that in the light of these rate increases? a lot of these banks sitting on a lot of cash. what will they be doing with it? we will also hear from the ecb, the rate decision at 7:45 a.m. . this is important as we talk about the euro-dollar, seeing a little bid this morning but hedging costs overnight, now the third highest level since december 2020, so even though the consensus on the policy front is perhaps going to be mundane, at least that is the expectation, traders are bracing for volatility there and speak

i'm pretty good set -- i'm kriti gupta, with guy johnson in london. alix steel is off. this is "bloomberg markets." how does this all work when it comes to the market dynamics here? guy: absolutely. there's some any questions that need answering here. is it a zero-sum game when it comes to twitter and tesla? is ill and musk's time -- is elon musk's time going to go from one to the other? he has and always has had a real issue with this platform, so does elon musk have a twitter problem? my answer to this is yes and yes. clearly this is a platform that he is hugely engaged with. you only have to look at what happened over the weekend to appreciate that. now he's got a stake and nobody things he is passive. nobody i have spoken to think this is a passive stake. so what is he going to do with it? clearly he now has a twitter problem. how does he fix twitter? how does he make it into a platform that he is comfortable with and wants to be a part of? let's kick this around. craig trudell is here to talk about the tesla side of the equation. ed ludlow is here to talk about wha

right now on china and the challenges, critic of death -- kriti gupta. kriti: we've got to talk about this potential for a beijing lockdown. here in the states and across commodity markets, something to keep in mind is what this is doing to the apple -- the actual stock market. how cheap is cheap enough to buy the debt? we are looking at the msci china and x going all the way back to 2007, and looking at their pe ratio. we are doing something a little fancy here, using standard deviations. the p/e ratio has dropped one standard deviation. it speaks to just how much weakness is in the stock market. " surveillance" has been talking about the week offshore renminbi. when you look at the cheapness of this market, is it enough to catch that did? right now -- that bid? right now, it does not look like it is. tom: joshua sharfstein joins us now, vice dean of johns hopkins bloomberg school of public health. of course, mr. bloomberg, his acquaintance with this network and television program as well. i calculate flu on 50,000 deaths as 137 deaths per day. you pres

shery: kriti gupta joining us. let's take a look at the markets. u.s. futures are gaining after we saw the s&p 500 falling for a third consecutive session in new york, the gains earlier were driven by speculation perhaps inflation could be near a peak, but wti prices did not help, oil continuing to surge. we have seen headlines coming in at 8.5 perhaps, the most since like -- late 1981. haidi: base effects from covid start to roll off until the april date. joining us is to take a look is a managing director. this is being exasperated by the supply-side shock of the war in you and as well. >> it impacted supply, goods. consumers leading to buy physical goods in an environment where they could spend on services. that's going to start coming off in the coming months, going to be replaced with conflict induced inflation which is impacting energy costs, food costs. most importantly, it takes away from discretionary spending. see growth slow and inflation slow. haidi: how are playing opportunities given yields continue to rise when it comes to australia and n

. ♪ kailey: this market is moving and kriti gupta is tracking it. kriti: a lot of volatility, just not in the stock market. because there is such little volume there is more volatility. just 30 minutes ago the stock market was in the green by a lot. that was going to be a quick reversal. twitter is going to be a big part of that. we will come back to that in a second. in other places not seeing a ton of movement. that is when you see yields only up one basis point. we will come back to that because inflation will be an ongoing theme. what is catching my eye as the commodity space. natural gas up 8.9%. this is u.s. natural gas. usually we are seeing volatility in the european space because the u.s. natural gas market is not as developed. you see inflation, but not today. upwards of 9% when it comes to natural gas. it is not just the commodity space. you also see corn futures up eight dollars a bushel, the highest since 2012. april is planting season, not just in the united states, but also in ukraine, where we know planting is getting more challengin

i am ritika gupta. this is bloomberg. kriti: thank you so much. let's get to the coronavirus in china as shanghai looks to extend their lockdown measures after testing 25 million residents. joining us is sam fazeli of bloomberg intelligence. walk us through what the discovery of these new subvariant means for china's containment measures? sam: perhaps a little bit more difficult for them. this ba1 plus ba2 combo is truly 10% more transit visible than -- 10% more transmissible than ba2, that adds that much more of a problem. the problem is they have huge swaths of people not immune because of zero covid and the vaccine they used. that is the bigger problem that all the properties of omicron, those are the critical issue. guy: i understand the chinese are looking at mrna vaccines. they cleared two for further study. walk me through what this therapy is the like, how similar they are to pfizer and biontech and ultimately if we go down the mrna route china whether this is the way out of zero covid? sam: i spent some time trying to see what the style o

kriti: even a suggested he wanted to create his own social media platform. we are looking at twitter shares relative to other social media stocks. if you look at what shares are doing, not just today, but since the start of the year, as the line goes up from the start of the year, there is out performing social media peers. a lot of this has to do with the war and the idea that twitter is being used for updates. bloomberg intelligence pointing to new product launches, including twitter blue that could help them exceed their revenue target of some .5 billion dollars in 2023. tom: thank you so much. it is a joint right now to speak to one of the lightning rod of international relations and that is john bolton, ambassador bolton with so many tours of duty and always somebody looking at the force and power of russia. give us a measure of the force and power of this tribute. amb. bolton: he suffered some severe setbacks in almost six weeks of work in ukraine. the russians miscalculated the extent of ukraine's resistance, which has been heroic. they mistake it is