the unlikely option could be dubai. there is a tennis tournament starting next month in february 14 and djokovic did play that tournament two years ago and won. that could be the other option. just note, david, as far as dubai goes you do not need to be vaccinated to enter the city as long as you have a pcr test. so there will be no hassles as far as vaccination goes. but the tournament is one month away so we still don't know whether he will decide to stay. so far reports indicate that serbia could be his next stop but we still do not know. we wait to see where he may move to next. clearly a lot of interest from those in the airport at that particular time of day when they see djokovic come along. no surprises there. phil mercer in melbourne. no djokovic, a real shock to the system if you just step back for a moment and take that on board. this is the man who virtually owns melbourne and he is not there. he virtually owns melbourne and he is not there-— is not there. he has been the kin: of is not there. he has been

crossing over to you now, dubai is welcomed that has welcomed him to the airport. what are his movements there? his flight landed 30 minutes before, it landed ahead of time, it was supposed to land at 5:40am but it was about 530, the flight landing here, and we still don't know what he is going to do next. there are a few options in front of him, the first one he goes back to his home country serbia, where not just his family but the whole country has been rallying behind him, he would certainly get a grand hero �*s welcome, and the second option is spain, he flew in from spain via dubai just ten days back, to australia, that is the second option and the third one is monaco, where he has a lot of residences and spends a lot of time when he is not playing tennis and last but not least could be dubai, because next month is the dubai duty—free tournament with novak djokovic played in 2020 and one here, but that some of the so it's very unlikely he will stay long, even if he decides to part from that event but for now, serbia seems to be the destination where he co

.— here in dubai. thank you for keein: here in dubai. thank you for keeping us _ here in dubai. thank you for keeping us up-to-date - here in dubai. thank you for keeping us up-to-date on . here in dubai. thank you for i keeping us up-to-date on the keeping us up—to—date on the situation at the dubai airport. meanwhile, i want to turn to you feel, and you are in melbourne, which has been the scene of this entire controversy, the saga to some respects. what are some of the things you have been hearing from people in terms of their opinions on what has happened? midday in melbourne and i have just seen one of novak djokovic �*s supporters walk past with a big flag and a big picture of novak djokovic on his back with the words goat, greatest of all time. not quite, of course had novak djokovic been allowed to compete here at the australian open, he would have had the opportunity to win that record—breaking 21st grand slam, but as far as many fans are concerned here at melbourne park, life goes on,

the fourth option could be dubai because next month there is the dubai free tennis tournament that begins on february 1a. djokovic won the tournament in 2020 so if he decides to play some tennis this would be the next option but it does not start for a month. and the laws in dubai, people arriving here in the city do not need to be vaccinated as long as they have a negative pcr test. but a lot of reports indicate that serbia could be his next destination but we are waiting to hear more from his team.— from his team. phil, tell us about the _ from his team. phil, tell us about the start _ from his team. phil, tell us about the start of - from his team. phil, tell us about the start of the - about the start of the australian open. it is now well under way. we australian open. it is now well under way-— australian open. it is now well under wa . ~ ., , ., under way. we have been hearing treat under way. we have been hearing great cheers _ under way. we have been hearing great cheers from _ under way. we have been hearing great cheers from inside - under way. we have been hearing great ch

i california i had travelled all the way from dubai.— way from dubai. i was literally preparing _ way from dubai. i was literally preparing my _ way from dubai. i was literally preparing my line _ way from dubai. i was literally preparing my line for - way from dubai. i was literally preparing my line for the - way from dubai. i was literally l preparing my line for the whole entire flight because i knew they'd be in the restaurant. where are we eating today? filth! so i didn't see my eating today? oh! so i didn't see my family from 2019. i wasn't able to go and meet them for that long. i called my brother, like, three days before. i was like, but the tickets, 0k, before. i was like, but the tickets, ok, i'll before. i was like, but the tickets, 0k, i'lljust book it now. they had no idea. my mum had a feeling. i no idea. my mum had a feeling. i knew it, i knew it! i newit! due. no idea. my mum had a feeling. i | knew it, i knew it! i newit! due to onauoin knew it, i knew it! i newit! due to ongoing travel — knew it, i knew it! i newit! due to ongoing

i'm dani burger in london alongside many cranny -- manus in dubai. manus: trey truce, bloomberg learns president biden is considering a sooner than expected rollback on tariffs on chinese goods. mainland stocks in a volatile session. 5050 the rba delivers a back to back 50 basis point hike for the first time ever, and does not rule out further tightening to put the brakes on inflation. uniper is in talks of a 9 billion euro government bailout with the german government. gas prices continue to decline. a good morning, the bond markets , they believe the fed will go hard in terms of raising rates. they are not focused on recession this morning. big moves in the short end. dani: that is what is keeping momentum down, through the morning positive. if i can take you into the equity story, we did start the morning strong. that started to fade considering what you are talking about, the two year yields, jumping 10 basis points. chinese assets, the cfi 300 is down about 0.3%. i was planning on showing you u.s. and european stocks, but they are higher this mo

why is dubai so popular? >> it comes back to this stance the emirates have taken with regards to russia. no sanctions against russians, and then in terms of practicality, it still has direct flights from moscow and it is one of the places they will look as a global financial center. there are other places like london that will not have them. manus: tom metcalf. tom: welcome to bloomberg markets europe, i'm tom mackenzie live in london. mark cudmore joins me in singapore. the cash trade is less than an hour away. here are your top headlines. bloomberg reports u.s. officials worry vladimir putin may escalate military operations in ukraine. president biden cal

dubai's only 50. i'm 51 i'm older than dubai >> jimmy: wow. that's interesting >> i'm older than dubai. >> jimmy: wow, that's interesting. >> i'm older than dubai. >> jimmy: but you're back in new york for a little bit? >> i'm back in new york for a little bit a lot of bit >> jimmy: i'm excited about this >> so am i, man. >> jimmy: you're doing "law and order" again >> i'm back to "law and order. detective kevin bernard. [ cheers and applause >> jimmy: come on, bud >> yeah. >> jimmy: dude, this is big. >> yeah, yeah. >> jimmy: how does it feel to come back? >> it feels great, man i'm back in a well-worn saddle that just grips your ass >> jimmy: there you go that's exactly the way to put it yeah >> yeah. >> jimmy: it's fun to have you back on nbc. this is going to be fun, bud >> yeah, good to be back >> jimmy: and new york >> yeah. >> jimmy: we got to hang out, figure out something how is mom doing first and foremost, because you know i love your mother. >> mom -- mom is doing great >> jimmy: doris. >> yeah, mama doris is doing great. she's sin

and the world men's tennis number one, novak joker, which lands in dubai, after his expulsion from australia. what's up next to the serbian player? ah, i'm glad offers. welcome to the program, ukraine's former president, petra, poor shank hope is returning to his country. after a month abroad. he faces charges of high treason and is under investigation. many of his assets have already been seized, but he's returning in his words to fight russian aggression against ukraine. bruce ankle wants to work with a car current government to prevent a possible invasion. i said, that's bringing it up. is a fee of a bureau chief, marty, as billing or much as what war? can you tell us? well, he has arrived this morning at the airport in care of and he was greeted by his fans over there and has had a directly to the court where he is. ah, he is just entered the court building and her he has addressed his, his followers in front of the court. he is as been calling as you have said, these are charges strummed and i said that he had come back to fight against her, the russian. ah, madness at the border a, tog

with many -- manus cranny, that's me in dubai. dani: new sanctions amid reports russian troops executed on ukrainian civilians. chinese covid crisis deepens. they have locked down the financial hub of shanghai. the inversion in the curve is flashing more signals about concerns on growth. it is a curve that has inverted for that two's and 10, our last guest saying the risk of an economic slowdown is massive. we are looking at this inverting, it has been called the slap that cannot be ignored. manus: and it is the speed with which it has done it, at 16 days has changed the narrative. the question is this, will they do a couple of jumbo hikes? there is a brilliant video. but here is my point. 50 basis point hikes, what will that do to volatility, what will that do to the overall risk construct? dani: our markets really prepared, at least for stockmarkets, for what this pace of tightening will look like? manus: that will continue according to citi. this is the real yield, and this is the repricing of the real yield. the short end has

links with the island are still down and the world men tennis number one, novak brokovich lance in dubai. after his expulsion from australia. what is next for the serbian player? ah, i'm so me. so misconduct. glad you could join us. ukraine's former president petro potter shanker. has returned to his country after a month abroad. he faces charges of high treason and is under investigation. many of his assets have already been seized, but he is returning in his words to fight russian aggression against ukraine. pato sankoh says he wants to work with the current government to prevent a possible invasion. i said we can speak now to our t at 0 chief mathias billing as standing by friday. high mathias tell us at what has been happening today. so pro shanker has arrived at the airport hearing kicky of in the morning and he has addressed his hands at the airport. then he drove to court. there was a court hearing that began at 11 o'clock so an hour ago. he's now in court in front of the court. he again addressed his or his followers, his fans who had gathered there and who was still standing the

he's set to land in dubai in around an hour. british police make two arrests in manchester over the siege at a synagogue in texas, just hours after the hostage taker was confirmed as a british citzen. the capital of tonga is reported to have suffered significant damage after an underwater volcanic eruption in the south pacific. much of the island nation was covered with a layer of ash. the tsunami triggered by the eruption caused flooding on parts of the us west coast and japan. rupert wingfield—hayes reports from tokyo. from high up in space, weather satellites caught the moment the huge underwater volcano let loose, sending a cloud of ash and rock 20 kilometres high and at least 500 kilometres wide. that's an ash cloud that could stretch from london to edinburgh, and somewhere beneath it is the tiny island kingdom of tonga. the first thing to hit the island was the shockwave. then came the rushing waters of a tsunami, smashing into seawalls and flooding what here appears to be a church. next, day turned tonight as the ash to

island are still doubt, also coming up the world's men's tennis number one. novak joker, which lands in dubai, after his expulsion from australia. so what's next for the serbian player? ah, i'm glad off as well come to the program and we begin in the pacific island nation of tonga, which has virtually lost contact with the rest of the world. after saturday's volcanic eruption cut the country's internet cables. the full extent of the damage is to the country remains unclear. the zealand and australia have sent military plans to survey the situation from above. other flights to deliver aid are also plan the underwater robson on saturday sent shock waves across the pacific. it's an army warnings were issued for many countries as far away as peru and there 2 people have drowned after unusually high waves hit the west coast of the americas. ah, this is the aftermath of this. you now me that hit the shorelines of peru over 10000 kilometers away from the explosion in tona. the underwater eruption was so powerful that it was detected around the world. these satellite images show gas and ash being thr

i guess dubai is considered a safe place if you are a russian oligarch. does he have the money to spend? where is this money? how does he get it out of russia? tom: the choice of dubai makes a lot of sense. it is still open to russians. somewhere like london, where he has made his base in previous years, is now closed. as how he pays for this, it's not from any eu assets. is not sanctioned in the u.s.. all the banks will be closely looking at those close. as a billionaire, he's probably got accounts all around the world. francine: i know these are very difficult questions to answer. if he had a big account in russia, would it be possible, given all the capital controls, to take it out and bring it to dubai? tom: that's one of the interesting things we heard, is that some u.s. treasury officials are getting increasingly concerned that the money might be routed through china's system and come offshore into dubai. francine: i don't know if you follow russian depository systems. tom: vaguely. francine: they nsd, russian depository system, saying clear stream

this is bloomberg. . ♪ manus: it's daybreak europe from dubai and london. breaking news from nestle. the 7.02% that the market was expecting. limited cost inflation. this is different than heineken. limited cost inflation impact through price. these are the headlines. organic revenue upped their pricing by 2%. the estimate was for 1.72%. that's your breaking news. we had airbus along with standard chartered. airbus very comfortable beat. standard chartered not so comfortable but a buyback in play. the officials say they're ready to start raising rates soon and we're on alert to persistent inflation that would justify a faster pace of tighting. we're trying to work out if it's hawkish of doveish. let's go to kiran ganesh. last night what went through my mind but i no longer had to do what i do. was it hawkish tilt, mutual tilt? what do you think? >> i think it was a hawkish statement. you see they talked about rate hikes, inflation. they said the balance sheet is substantially larger than it needs to be. it is a hawkish statement. and if we had been presente

alongside manus cranny in dubai. president joe biden said russia will pay a heavy price if any of its forces move across the border into ukraine. that is after suggesting earlier that western allies might struggle to react to a small-scale attack. those comments got a lot of attention and they, head of a meeting between antony blinken with his russian counterpart, sergei lavrov. back with us is the chief investment officer at julius baer. i know it's a lot of balls to juggle at this moment. we were talking about some of the macro risks and the fed risks but how are you evaluating the j risk of a potential conflict with russia and ukraine? >> my understanding is these are caused by the western attitude towards the ukraine situation more than russia and i see the russian response as aligned with russian interests. we don't expect the whole thing to blow up into a crossing of the border. things should calm down. it's difficult to trade these things and i don't think you can tactically protect yourself from this. i think

manus: good morning from our middle east headquarters in dubai. i'm manus cranny. it's daybreak europe. g7 day, the group weighs a price cap on russian oil. global stocks start the week risk on as recession fears ease. chinese tech shares lead gains, while the dollar and treasuries decline. russia defaults on its foreign debt. for the first time in over 100 years. an event moscow labels as a farce. good monday morning, we are risk on. this market has had a pretty colossal turnaround on friday, 3% up on american equities despite rapid outflows. a defensive rally, goldman sachs saying the underbelly in the ramp-up was defensive. why? because we are off the 14 year high of expectations for inflation. we will hear from bullard later. asian stocks rally on the tech story and jp morgan saying because of repositioning for the quarter you could see stocks rally another 7%. to the cross as a check this morning. oil as we going to opec, in the previous cycles of recession, in the past three this century oil on average dropped 66%. but it is a structurally different market in

♪ >> good morning from our middle east headquarters in dubai. i'm manus. let's set you up with the stories. china cuts rates as the economy takes repeated hits from coronavirus. global bonds under siege of the huge spike as traders ramp up the fed hike bet. actman shows for a 50 basis points hike. more turmoil in the embattled bank for breaking covid rules after just nine months on the job. 6:00 a.m. in london. and it is 7:00 a.m. at credit suisse. how do you shake the bond traders into accepting something may need be done at a dramatic level? bill actman makes the point. go large, go now, go early. 50 basis points. regain your credibility. the federal reserve could work to restore its credibilities with an initial 50 bits comprised to shock and awe the market. question to the market, when was the last time you saw 50 basis-point hike that was not very well guided to you? whatever way you stack it up, it could be shock and awe for the bond marriage i put it to you that this fed doesn't have the chutzpah do do it. this is the point, jimmy diamond saying fiv

lizzy burden from london hq and dubai. this is bloomberg. ♪ manus: it's daybreak europe from dubai and london. louis vuitton's epee disruption after its pilots -- lufthansa may face disruption after pilots voted for strike. a wage deal could unleash another wave of cancellations unless the airline's negotiators and labor representatives can settle differences. u.k. dot workers are planning to bring europe's biggest container port to a standstill, worsening supply chain problems. and finally, the barristers are on strike. along with british telecoms, all out on picket lines. there is the scene outside, not the old bailey, one of the major courts in the united kingdom. wigs on strike, who would've thought you would see that? lizzy burden is in the u.k., she can shed light on this month's turmoil. economics 101, the barristers strike is shocking, but what is this going to cost the economy? lizzy: it is causing massive disruption but that is clearly what the strikers want to do. they want to get attention for their cause bec

a conversation was had in dubai. , ., . ,, ., dubai. with him question mark who was a secretary _ dubai. with him question mark who was a secretary of _ dubai. with him question mark who was a secretary of state _ dubai. with him question mark who was a secretary of state having - dubai. with him question mark who was a secretary of state having a i was a secretary of state having a conversation _ was a secretary of state having a conversation with? _ was a secretary of state having a conversation with? he _ was a secretary of state having a conversation with?— conversation with? he had a conversation _ conversation with? he had a conversation with _ conversation with? he had a conversation with somebody conversation with? he had a i conversation with somebody in conversation with? he had a - conversation with somebody in dubai, who? _ conversation with somebody in dubai, who? istr— conversation with somebody in dubai, who? ~ ~ , . , ., . who? mr mr christiansen who had the conversation — who? mr mr christiansen who had the conver

thank you very much, paul wallace in dubai. let's get back to juliette saly in singapore with your first word news. juliette: increasing tensions with russia, the british prime minister is calling -- [indiscernible] johnson said there is no chance of holding football tournaments in russia if it invades sovereign countries. they are closely monitoring the situation. hong kong will test its entire population, over 7 million people, three times in march as the government employees a strategy used by mainland china. april will have to take daily rapid tests -- people will have to take daily rapid tests. chicago plans to lift its indoor mask mandate. canadian banks -- emergency powers meant to end protests in ottawa. prime minister to joe and his mr. say the measures are to cut off funding to protest leaders. ottawa downtown was cleared out over the weekend, but dozens of trucks remain outside the city. france has removed australia from its list of key partners, instead paris says it will pursue bilateral cooperation on a case-by-ca

i am tom mackenzie in london with manus cranny in dubai. prime minister boris johnson is warning that his government has limited options in tackling living costs. we are joined by our economy reporter lizzy burden. how we heard anything at all about addressing the cost of living crisis that was central to elections? >> very little beyond an extension of the price cut. the government is focusing on the longer-term health. the prime minister singh there is very little to tackle the search inflation. 's after the fourth straight rate rise, the ball is in the treasury's court. it is not on the cards. the prime minister said it is just not coming. manus: what substance is there to the rumor that the queen's speech was rewritten. >> there is no sign to unravel the protocol. the government pledged to do more to take advantage of its new freedoms. one of the parties is reviewing -- refusing to join after the elections last week unless morris done on the protocol. there were reports that the u.k. could move unilaterally going from britain to norther

they fight 5 ballistic missiles and a number of drones at all facilities, as well as the abu dhabi and dubai airports. please say to indian nationals and one pakistani were killed. the tooth is a warning of more strikes in the u. e. the m r at is announced to partial withdrawal from yemen in 2019, but maintain military presence. washington has condemned the attack carliette an act of terror and his vow to hold with his accountable for the strike. howard ella top has more from yeoman's capital of san cutting to the statement of the how these spokesperson the area. he says that the, the carried out this attack against the united arab emirates, in order and retaliation to what he described, its participation and the solid quality in the wall. he said that the visitor, the problem is that we have, we have made and they have fell sales. such promise we have used according to his statement, 5 wing, the missiles that have attacked according to the oil refinery and so far and also the international thought of dubai. and bobby, he has mentioned also the have a target of the into parts of lobby. and s

hussein: dubai property market is amazingly good. the demand is there. we had four years of slowdown, so some value was kept away. now there is a huge demand. the world leaders, businessmen, people from all over the world came to the dubai expo and realized it is a hidden jewel, from the tax, from the safety, security. francine: how many russian residents do you have? hussein: we have russians coming, but not to the extent that people talk about it. the biggest demand this time has come from europe, germany, u.k., romania. we have customers coming from eastern europe. francine: talk to me about your reasoning behind delisting the company just when the property market was also booming. hussein: we plan that in 2019. we submitted it at the end of march, the process took longer. we bought it at about three times what it was. but that is fine, we have no regrets on that. francine: do you worry about a recession? hussein: from my readings, the recession in the u.s. is going to be mild. europe could be very hard landing, because of perhaps the war in ukraine a

of course it's now owned by a dubai company. as the says. _ owned by a dubai company. as the says. this — owned by a dubai company. as the says, this now sets the ruler of the by on _ says, this now sets the ruler of the by on a _ says, this now sets the ruler of the by on a collision course with the rmt_ by on a collision course with the rmt union. _ by on a collision course with the rmt union, the unions obviously up in arms— rmt union, the unions obviously up in arms about this. and there wider questions _ in arms about this. and there wider questions at — in arms about this. and there wider questions at the moment given the horrors _ questions at the moment given the horrors of— questions at the moment given the horrors of the ukraine, it's interesting that ukraine is starting to edge _ interesting that ukraine is starting to edge of the front pages, i'm sure will talk about it later. but the sanctions against russians in recent weeks _ sanctions against russians in recent weeks and _ sanctions against russians in recent weeks and oligarchs have led to huge

pm} in dubai, which generates billions in revenues every year.— in dubai, which generates billions in revenues every year. p&o is a 200 ear in revenues every year. p&o is a 200 year shipping — in revenues every year. p&o is a 200 year shipping company. _ in revenues every year. p&o is a 200 year shipping company, they - in revenues every year. p&o is a 200 year shipping company, they can - in revenues every year. p&o is a 200 year shipping company, they can ridej year shipping company, they can ride out this storm. everyone is a troubling covid, now at the point of recovery they are trying to make our members pick up the tab for the covid crisis. we are not prepared do that. , , ~ , covid crisis. we are not prepared do that. , , . , , ., covid crisis. we are not prepared do that. ,,, that. these pictures show security staff boarding _ that. these pictures show security staff boarding a _ that. these pictures show security staff boarding a boat _ that. these pictures show security staff boarding a boat in _ that. these pictures show security staff boarding a boat in liverpool. staff

whenever he can, the farmer from dubai films rain. the devout muslim considers it legitimate that man, not allah, makes it. salah: the koran doesn't forbid science. on the contrary. it's important that people find ways to invent things that are of benefit to humanity. in the past, people didn't really think too much about clouds. but today it's a necessity, we have to look for ways to get more water. reporter: critics say the emirates' multi-million-dollar seeding program is unscientific and that its apparent success remains unproven -- claims rejected by the head of the national meteorology center. he also points out that desalinating seawater is many times more expensive than cloud-seeding. abdullah: it is a success, and we encourage a lot of people we are already involved with the world meteorological organization that all the output of this project will be available for them, and many countries try to approach us and get benefit of output of this project. reporter: anders mard climbs out of his plane, exhausted but happy. he fired

taking selfies with fans after landing in dubai. taking selfies with fans after landing in dubai. it taking selfies with fans after landing in dubai. it isn't taking selfies with fans after landing in dubai. it isn't how taking selfies with fans after landing in dubai. it isn't how novak djokovic envisage spending the first day of the australian open. not in australia, and not playing tennis. the world number one was on the first flight out of melbourne on sunday, after a court backed the australian immigration minister's decision to cancel djokovic's visa. the serbian said he was extremely disappointed by the ruling. the australian government said he was a talisman of anti—vaccination sentiment, and his presence risked civil unrest. and as crowds arrived to watch the action in the right type of court, public sentiment was mostly on the government's side. you'll go to be honest, most of the tennis players are vaccinated. 0bviously that was a requirement of getting into the country. ifeel as though if everyone else did it, he should have done it. i do feel the government should h

i think they might -- james bond might move to dubai. everything is there and it is right up his alley. >>> next to whitening your teeth with breast milk. >> one mom took to tiktok to reveal the multiple ways that she uses her milk throughout the day. >> she said she dips her toothbrush in her breath milk to maintain her pearly whites and also uses if on her skt on her hair and drinks it as an energy drink. >> and many other mothers commentsed had they have been using their breath milk to cure ailments from cuts to earaches. >> comes from the body. and tiktok also taught me that there is such a thing as teeth paint. like you can use whitening teeth on your paint. google it. >> and now you can also use breath milk. >> thank you. >>> and finally, some freezing temperatures are apparently no match for canadians. >> one man in winnipeg hanging his laundry to dry outside in freezing weather. his son posted the chilling results on instagram. >> apparently you don't have to follow the clothes afterwards. >> no starch necessary, right? i can onl

i am dani burger london with manus cranny in dubai. we are speaking with monica defend about the energy crisis and its effects on europe. a great chart from blackrock talks about the spend of energy in europe. that is this orange line. it is just under .10 of gdp europe is spending on the crisis. let's bring back monica defend. you are laying out the scenario of high energy prices and the impact to the european economy. what has it meant for your exposure to europe? are you in the camp much this year that you should be pulling back on european equities as the risk of stagflation takes hold? >> yes. and to be a statement -- is running into it because of energy dependence and geographical turning up late. if you look at the ecb, the 10% reduction in the supply almost 1% gdp. and this is what has started including in the forecast. and we reverted our preference in the past. positioning for european equities, that we would be more than one month ago. versus european equities, it is meant to be for the time being. there might be some nicer

i'm tom mackenzie in london with manus cranny in dubai. todd boehly has signed an agreement to purchase chelsea from roman of abramovich read the deal is expected to complete in late may. laura, what did we learn about the nature of this deal? >> i know that you are a gunners fan, so i just hope that you are doing okay. but yes, as expected, todd boehly's consortium came through as be winners in that deal. 14.5 billion pounds was the number. that includes the firm clear like capital, and the current owner of ela doctors. -- the l.a. dodgers. roman abramovich will not receive a penny since he has been sanctioned. that contribution will go toward charitable causes, primarily victims of the war in ukraine. 1.7 5 billion pounds toward redevelopment in the stadium. also be junior players. clear like capital will have the share majority, but voting rights will be equally split. the deal has been advised by goldman sachs and the investment form of the former chancellor osborne. but it's imperative this deal closes before the end of may when that

la obra ya fue reconocida el aÑo pasado en una exposiciÓn en dubÁi. reportera: todo comenzÓ en el verano de 2013, cuando una mujer decidiÓ ofrendar sus tejidos al patrÓn del lugar. >> queremos retomar el tejido. reportera: esta mujer logrÓ que a esta actividad se sumaran mÁs de 200 mujeres de etzatlÁn, jalisco, logrando entre todas miles de carpetas en ocho colores distintos fabricadas en tejido de gancho. >> en lo econÓmico, el pueblo ha subido mucho. tenemos miles de visitas. reportera: sus tejidos obtuvieron en 2019 el rÉcord guinness y fueron exhibidos en dubÁi. obtuvieron el premio a mejor diseÑo en exhibiciÓn. ahora se bautiza el "cielo tejido" mÁs grande del mundo, obra que se va a exhibir hasta el 31 de junio. >> nosotros dejemos sin importar las clases sociales. reportera: la prÓxima meta de estas mujeres tejedoras es fomentar el tejido en las escuelas. fÉlix: en los deportes, barcelona ya es segundo de la liga espaÑola por un gol sensacional de pedri ante el sevilla. ♪ ♪ [mÚsica] reportero: es un gusto saludarlos. esta es

i am in london, manus is in dubai. you and i have been trying to assess what asset classes look fragile, given real yields are touring with positive. credit is one area that has been flagged as a risk, especially with inflation and the economic impact. looking here at spreads on junk bonds, the worst rated has seen its rate hike by 100 basis points, compare that to 69 for the rest of the junk market. still with us is esty dwek from flowbank. do you expect spreads to widen even more? esty: that triple c segment could widen further. i think growth will keep coming as the fed continues to tighten. at the moment, the u.s. economy is holding up very well. the u.s. consumer, from what we're hearing so far is still solid and holding up well. in the scope of what we have seen so far, i think credit spreads have been pretty well behaved. we have seen other segments hold in quite well. whether triple seat widens further is possible. at this point, i do not expect a spiraling that would lead to huge concerns in the credit market.

. ♪ manus: its daybreak europe, i'm manus cranny in dubai. dani burger in london. saudi aramco posted its highest profit, the world's most valuable company saw a boost from surging oil prices in the wake of the russian invasion of ukraine. the dividend did not rise, did they just get away with it? >> good morning, manus. as you say, aramco benefited hugely from the oil market in the first quarter. and the huge swell in oil demand plus the invasion of ukraine creating worries about supplies, oil traded above $100 a barrel, a key number four aramco and the state as well. the royalty that around co-pays to the government rises from around 45% to 80%. so the government still makes a huge additional amount of money for any oil prices over $100 a barrel. that is what we saw a lot of through the first quarter. dani: the saudi's have said the run-up in prices is because of a fall in investment. this brings up a question around oil majors posting these profits, can it really continue as we start to contemplate the risks of recession? >> i think that's a risk that the saudis

dani burger in london and manus cranny in dubai. i have gotten obsessed with the semiconductor story. we used to talk about it all the time. the problem that retailers had, they have a lot of inventory and then people stopped spending. that seems to be happening with chipmakers. south korea saying stockpiles up to the highest in four years. micron earnings yesterday warning that sales would be slower and the ceo saying consumer spending is being reallocated away from electronic devices. manus: maybe we are having that last revenge spend on our holidays in business class and from there possibly it is downhill. you talk about the diversion of spending. by the time i got on the telly this morning, we talked about the author of the big short. we are halfway through the market fall, we have regaled viewers with the torture of their funds, the worst first half on record for bonds and stocks. here is what he says, we are down on nasdaq, bitcoin down 64-65 percent. the multiple compression, next up, earnings compression so maybe we are just

>> good morning from our middle east headquarters in dubai. i'm manus cranny with dani burger in london hq. bonds again on the back foot as markets weigh the risk of tighter monetary policy. christine lagarde insists any adjustment to the ecb will be gradual. president biden says chancellor schulz says nord stream 2 pipeline would be stopped if moscow invades ukraine. earnings bonanza. bnp, softbank, and bp all hit the tape. 2.3 one billion, a third of a billion higher than market would have expected. we penciled in 2.0 5 billion. they pay up ratio of 60%. the payout ratio will be raised to 60% from 50%. this potentially music to the market sears. we know that buybacks and dividends were the alpha of response mechanism for the bank last week. good morning. dani: good morning. it is a race to higher payouts. thank after bank reporting they are attempting to lift their payout. a key measure of profitability, up more than 11% in four years time. we also spoke to the cfo who spoke with bloomberg in paris. >> [indiscernible] if you do this, you wil

i'm dani burger in london alongside manus cranny in dubai. these are the stories that set your agenda. manus:. on mar-a-lago. the fbi searches the florida residents of donald trump as part of an investigation to whether he took classified documents from the white house. gas prices fall and expectations for u.s. inflation declined sharply. citi says it would not be surprised by a 100 basis point hike in core inflation is stronger-than-expected. kenya votes. africa's largest economy heads to the polls to elect its next president. we are live in nairobi. it is a moving story about mar-a-lago. we will have all of that in just a moment. i am more a lit up by the risk of a 100 basis point hike in september, takes me back. dani: there is a lot of talk of that. you have goldman talking about disinflation to come. you will take a look at gasoline. let me show you what equities are doing. it does seem that this rally we saw last month is taking a bit of a pause as we await the cpi data. yes, we are higher and s&p 500 futures are up .2%, nasdaq peters u

the acquisition to park in dubai is quite a tourist attraction. usually it welcome 6000 visitors a day from all over the world. but when the pandemic hit, the pulse future was thrown into doubts. sasha teemer, who is in charge of its $800.00 employees, was worried. but the united arab emirates, which do by is a part of quickly came up with a plan, implement tight corona virus restrictions to get public life going again and tourism to it's one of the country's most important sources of income. people here had to wear masks both indoors and outdoors. you could get a p, c, r test on every corner and cove. it vaccines became available for everyone in early 2021 of the lighter. i'm sorry, people really didn't talk about it. restrictions were simply imposed on we had to get vaccinated, but it was free of charge. and i think to buy of the u. e had a relatively fast and high vaccination right. over 90 percent. it was then of course is also really good for tourism. and i think it helped bring tourism back to the region relatively quickly. maybe it's cognit

. ♪ dani: i'm dani burger with manus cranny in dubai. manus, we are headed for the worst credit for credit since 2008. an opinion is concentrated in u.s. investment grade. i have a chart of the bloomberg index of spreads so far year to date spreads have widened by about 50 basis points. there's the fear of slowing growth and the feds will they choke off the economy? we're nearing 100 bases points that many market participants say it's danger zone for investment credit. but does the next guest think we're in the danger zone? vick, to do you think we're at worrying level given the fed is about to start a hiking cycle? >> not yet. but it is interesting because right around these levels in early 2019, fed -- jay powell and the fed actually abandoned a rate hiking cycle. it's clear that at these very same spreads today, they have absolutely no touch intentions and are just getting started. i don't think it's a dangerous credit in a fundamental sense that we're going to have a default cycle quite yet. because there are quite a few shock absorb

i am manus cranny in dubai. the u.k. government has set out its plans to unilaterally override the northern ireland protocol. putting the brexit deal they agreed to in jeopardy, raising the risk of a trade war with brussels and it comes as the bank of england governor warns a surge in food costs could have apocalyptic consequences for the global economy. >> i have to tell you that i think this is a big concern. two things the finance minister said is that ukraine does have food and store but it cannot get it out at the moment. what he was optimistic about -- he said we have no way of shipping it. dani: for more on this, we have a great roundtable for you. let's kick things off with you. we have those comments on food prices. they come at a time when we are going to get inflation figures due tomorrow. >> we are expecting inflation prices to rise to 7%. this is going to be bleak. largely it comes from the rise in the energy price cut 51%. but it's also to do with food. andrew bailey was warning and apocalyptic rise because

dani: this is bloomberg daybreak: europe, i'm dani burger in london alongside manus cranny in dubai. manus: fed chair jay powell hardens his hawkish pivot, signaling two or more 50 basis point rate hikes. bond yields search. china urges investors to support stocks, seeking to stem the markets sliding towards a two year low. elon musk secures billions from wall street in his bid for twitter. he pledges $21 billion of his own money. good morning, i take note when the first word in their quarterly review is disaster. but it applies perfectly to the state of monetary policy. bond markets beware. dani: bond markets have taken a bath happened they, looking at a 10-year yield that is pushing up against 3% and a 5-year yield that is just under that right now. manus: and this is some of the groundwork that hoisington are putting out in terms of the decline in income. disposable income is imploding and businesses are on their knees. bond markets have exploded, you are looking at potentially the sharpest tightening since 1982. dani: what was the top of the chart? i do have what is priced in rig

dani: this is bloomberg daybreak: europe, i'm dani burger in london back with manus in dubai. no 275. the fed hikes 50 basis points, the biggest increase in 20 years. jay palace as a jumbo move is not on the cards. u.s. stocks post their biggest bed day gain in a decade. treasuries and aussie bonds yeah --rallied. crude studies after yesterday's gain on the eu banning russian oil. happy thursday, happy day after the bed, as expected the fed hiking 50 basis points but acting as expected. turned out to be a dovish thing. no to 75, that means financial conditions eased. let me get us our europe and u.s. futures check. u.s. stocks rallied by 3% yesterday. continuing to see s&p 500 futures in the drain. sam farr nasdaq. a pause from yesterday's monster rally. msci asia-pacific is up-to-date, it shows the extent markets are saying a breath of relief. even though we have issues in china when we have issues with tact, hstech is what is leading the benchmark higher. -- tax, asia tech is what is leading the benchmark higher. dani: manus: the fact that that left-hand tailor risk of 75 ba

a batch has landed in dubai following his deep station from australia. a court in melbourne up held the government a decision that the unvaccinated tennis star who's a threat to public health has not clear where a joke of h plans to travel next is comes after days of drama that began when joke of it arrived to compete in the australian open, hoping for an unprecedented 21st grand slam when after nearly 2 weeks of drama, novak joker, which touch down in dubai, now forced to watch the tournament, he's dominated for a decade from the sidelines. the fiasco has divided opinion in joker, which is home of serbia. the capital bell great lit up in support of the star. the president leveled this accusation against australia. and then for 10 days, there were tormenting there to save and torturing because it was not only intellectual with physical torture against snows, your coach and the garrison figures, which was even worse. that was oh, which has come organized against a moral joke. rich, rich, and of the guy, just sort of forget it. you one mind times australia

imf dani burger alongside manus cranny in dubai. we've had so many earnings interviews, executives we have talked to over the past few weeks and this question of cost, inflation, that sort of pressure in the supply chain keeps coming up. a lot of people said those pressures are likely to abate. the evidence that it is abating is not there yet. if you're a company beating on sales yet missing on earnings-per-share, that is evidence that that gap is made up by cost pressures. in fact, if we measure margins by this way, it is the worst year, the worst corridor for margin pressure, according to bank of america, on record. their data goes back to 2012, but this just highlights the point that in europe, the stoxx 600, there is an issue with cost. with us is fabiana fedeli, chief investment officer of equities and multi-asset at m&g investments. how much of an issue is this, is the cost picture for european corporates? fabiana: this is the issue that you have to keep in mind when you are picking stocks at the moment. there will be a lot of

viewed -- dubai. manus: broad dollar strength pushes the euro one-to-one with the dollar. the worst is yet to come. a chief says the global energy crisis may not have peaked viewed -- may not have peaked viewed with surging prices set to continue. >> i believe we have not seen the worst of it yet. this is affecting the entire world. manus: twitter tanks. the losses mount, over $3 billion in market value. elon musk backs away from the deal to buy the company into legal battle ensues. it is rampant. one is the dollar and one is the euro. you decide. good morning. dani: good morning. you definitely see energy jitters throughout the market and also concerns of covid, and on top of that, some cpi housecleaning. probably the worst cap secret in the market right now -- worst kept secret in the market right now. this is all rippling through markets this morning. mse i asia-pacific down 1.5%. tech continues to selloff, concerned not just about demand. europe, i know you will dig into the euro in a moment. for

. >> right >> seth: but dubai >> dubai >> seth: how'd you pick? why dubai? >> i just watched the first episode this very day, as a matter of fact it was really exciting you know, i think dubai -- when you deal with a city that winds up making beverly hills look like, pedantic. >> seth: yeah. >> it's kind of, you're like, "oh, well, i'm paying attention here so i'm excited for - it's a totally different - and i think there are a lot of people who have ideas about dubai that, you know, all women are x, y or z. and this is really going to blow the lid off of a lot of preconceived notions >> seth: yeah, that's true >> so to speak >> seth: i'm not even realizing, yeah, i have a lot of preconceived notions >> yes yeah >> seth: and then how much of it - obviously, you pick a place, and that's a huge part of it >> right >> seth: having done all these seasons, how quickly do you realize you've nailed it with the cast that you've gotten the right people to be engaging? >> well, typically we don't launch until we have a cast that we feel like is a great cast and we lov