Bloomberg, Brian Kober, Jason Lebar discussed on Bloomberg Surveillance


App and Bloomberg dot com. The man accused of stabbing and killing four university of Idaho students plans to waive extradition. Brian kober's attorney, chief public defender Jason lebar says, co burger's parents are supporting their son. They're trying to stay off of the media. What they're hearing is not the Brian day know and love. So it's really out of character. Coburger was arrested last week in Pennsylvania, his home state. Three New York City police officers are now out of the hospital after being attacked in Times Square on New Year's Eve. Police say 19 year old Trevor bickford of Maine is in custody after he allegedly swung a large knife at the officers leaving one with a skull fracture, another with a bad cut, investigators say the suspect had terrorists related propaganda in his backpack and was known to police. Twitter is facing a lawsuit over unpaid rent for San Francisco office Bloomberg reports a landlord of the office filed a lawsuit late last week, the landlord claims that social media company owes over $136,000 on Michael castle. And died to these Pellegrini in the Bloomberg newsroom. European stocks jumping out of the gate on this first trading day of the year. In Germany, the Dax right now up almost 9 tenths of a percent and in Paris, the cac is up about one and a half percent. Investors also monitoring Ukraine's latest attacks on Russian positions in occupied towns. European natural gas starting out the year lower on mild weather and ample supply. Europe continuing to see alternatives for Russian natural gas. And that's a trend that will continue this year. And Rita sun is director of research at energy aspects. I do think your past made up its mind. It is no longer going to go back to Russian gas regardless of what happens with the war. It very much is now focusing on green energy and on alternative gas analyst sources for that matter. It's doing deals with the Middle East, a Middle Eastern country, because you just can not rely on Russia after what has happened over the course of this year. And San with us there on Bloomberg radio. Meantime as the inflation fighting continues in 2023, Israel has just raised its benchmark rate to an expected 3.75%. And speaking of inflation and rising prices, if you look at agricultural commodities, they actually notch the longest run of annual gains since at least the 1990s last year. More on that from Bloomberg's Charlie pellet. Denise drought and war cut production and eroded inventories keeping global food inflation simmering. The Bloomberg agriculture spot index, which tracks 9 of the world's top selling corn products, was up about 6 and a half percent, the fourth straight yearly increase. That's boosted the cost to bake bread, feed animals, and biofuels exacerbating world hunger and compounding the global cost of living crisis. Denise? Thank you, Charlie. An inflation pressures and focus on Wall Street this week, the December jobs report comes out Friday. We'll be tracking developments with the live here on Bloomberg radio Friday morning at 8 30 Wall Street time with headlines and a close up look at what the jobs report signals about the fed's rate hikes and the business of education, U.S. news and World Report revamping part of its law school rankings. That's after some schools started refusing to participate and that's all according to Dow Jones. And was what if your new year's resolutions to get out more? Because the 2022 outdoor travel boom, well, it is expected to continue in the new year. More from Bloomberg's Tracy John key. U.S. and Canadian campsites hosted a record number of visitors last year. The owner of many of those campgrounds predicts 2023 will bring a fresh wave of outdoor adventurers. Many won't exactly be roughing it. KLA is expanding its upscale glamping brand called Tara more to more sites in the northeast and by next year, Tara Morris arrive in the southwest. I'm Tracy John key, Bloomberg radio. Thank you, Tracy. And they'll do is 24 hours a day on air dumb Bloomberg quick take powered by more than 2700 journalists and analysts in more than a 120 countries. In the newsroom, I'm Denise Pellegrini. This is Bloomberg. Bloomberg radio on demand and in your podcast feed. On the latest edition of the tape podcast, a conversation with Ethan debit, chief investment officer at monetta. Ethan, talk to us about earnings risk that is certainly a risk that a lot of people are calling out as it relates to the 2023 outlook. How do you think about that? How do you quantify it? And how much is it kind of in your calculus? Once you get back to that telegraphing point I made earlier, what we saw very much in 2022 was actually earnings surprise on the upside because they'd been worked down so much in terms of expectations. So when a company gets the bad news out of the way, the expectations are low, when you're on the floor, it's not easy to surprise on the upside. And we still saw 75 to 80% of companies beat expectations. So the key is for expectations get set. So I actually am not that pessimistic about earnings, the prizes on the negative side coming in 2023, simply because companies know how to play this game now. There certainly will be a threat to margins though. Even talk to us about energy. We've been talking about commodities a lot today and energy has been such a great story for 2022, one of the few areas where investors equity investors can make real money this year. Is that trade kind of played out or do you think there's more room to go there? There will be a little bit of room to go. We're still seeing quite a bit of rhetoric around the energy complex and this energy terrorism. We're seeing some statements coming out of Russia. It does seem, though, however, that Europe is getting its supply in shape at least for this winter for sure and equally for next winter. We're hearing about stocks increasing and just finding alternative sources. We have this energy trilemma and a new security energy pricing energy sustainability that all policymakers are juggling right now. It has seen that the sustainability piece has been on the back burner this year as we've been focused on pricing and security. But however, the sustainability piece is going to continue to come to the fore. So I'm very optimistic about

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