With a sell off and Tesla stock shares right now are down about 5 and a half percent after Elon Musk's much hyped third master plan fell short with investors. Musk also tamped down speculation that test level, mine, lithium, but says he's focused on refining battery metal crucial to EV production. It's really the refining capacity that is the biggest choke point. Yeah, so that's why we're building a lithium refinery in Corpus Christi. Elon Musk also confirmed a new Tesla plant in Mexico, but offered no details on timing. Well, stocks are on the globe Karen, are moving lower this morning on concerns that were sticky inflation and hawkish Central Bank messaging, Minneapolis fed president Neil kashkari says the fed will keep hiking after a recent slew of data. The data that we've gotten in in the last month, which has been a very strong jobs report, higher inflation that we expected. I mean, these are concerning data points suggesting that we're not making progress as quickly as we would like. Minneapolis feds Neil kashkari also says he's leaning toward pushing up rate projections on his dot plot. We'll never see his Nathan Euro area consumer prices slow just slightly this morning as core inflation surged to a new record and rates in Europe appear to be on the upward path, ECB president Christine Lagarde tells the Spanish TV show that increases could continue past its next planned half point move. I'm staying in Europe Karen Credit Suisse is escalating efforts to win back clients as senior bankers depart after unprecedented recent outflows the Zürich bank lenders raising deposit rates significantly higher than its rivals. Right now shares of Credit Suisse are lower by more than 3%. Well, back here in the U.S., Nathan shares a Salesforce are up 15 and a half percent. The company gave an upbeat forecast for the coming year and expects to make quick headway on profit margins. And in the crypto space shares of silvergate capital are plunging on news at its delay, its annual report Bloomberg Steve rappaport joins us live with the details. Good morning, Steve. Good morning, Nathan, and Karen, a cryptic warning from the crypto friendly firm sent shareholders running in pre market trading with shares down as much as 32%. Silvergate says it's reviewing its status as going concern while it assesses the damage from the downfall of FTX, the firm's deadline for the annual report was yesterday, silvergate, and the filing says it needs more time to analyze regulatory and other inquiries and investigations that are pending, live in New York, I'm Steve rappaport, Bloomberg daybreak. Steve, thank you. We are watching earnings crossing the Bloomberg we're seeing Macy's right now. It's fourth quarter profit beating and alessia estimates, again, that just crossing the Bloomberg. That's the 5 things you need to know to start your day. Brought to you by interactive brokers. S&P futures down four tenths of a percent this morning down 15 points now futures up about two tenths of a percent or 56 points and NASDAQ futures down 6 tenths of a percent. Straight ahead, we have your latest local headlines plus a check of sports and this is Bloomberg. Thanks Karen 6 31 on Wall Street and Amy Morris is here with more on what's going on in New York and around the world. Good morning, Amy. Good morning, Nathan, New York City advocates are angry with