Business week profitable Let's dig into it with Bloomberg business week editor Joe Weber It's the cover story of the upcoming issue Bloomberg businessweek We did afternoons at two eastern These are retailers that have been on everybody's radar Those Apple numbers continuing to come in On Bloomberg radio the Bloomberg business app and Bloomberg radio dot com The FBI is piecing together Frank James life leading up to his alleged attack in the New York City subway system investigators have discovered James rented a U haul and a storage unit from a Philadelphia facility the day before he unleashed smoke canisters and opened fire on innocent train riders in Brooklyn Tuesday morning President Biden is blaming Russia's invasion of Ukraine for rising inflation 70% of the increase in inflation was a consequence of Putin's price site because of the impact on oil prices Speaking in North Carolina Biden promoted homegrown technology and manufacturing and said the U.S. must invest more money in research and development to stay competitive in the global economy The Russian Ministry of Defense says its warship has sunk in the Black Sea reports set a fire broke out on the guided missile cruiser causing explosions and the crew to be evacuated Ukraine said it hit the warship with anti ship missiles I'm Brian shook And I'm Charlie pellet That Bloomberg world headquarters Elon Musk is now expressing doubt about whether he will succeed with his $43 billion offer to buy Twitter in his first public comments about the blockbuster deal The billionaire entrepreneur said at a Ted event in Vancouver quote I'm not sure that I will actually be able to acquire it Earlier today Musk made a controversial offer to buy Twitter Dan Ives is an analyst with web bush securities This is a Game of Thrones And obviously once the situation happened with Twitter and the board and must not joining this became hostile situation Dan Ives of Wedbush and speaking of stepping it up what about the pace and size of Federal Reserve rate increases this year Danielle dimartino booth is chief strategist at quill intelligence People forget that this is a midterm election year And if there's one unwritten rule at the fed it's that you don't appear overtly political during election year Danielle dimartino booth of quill intelligence The deputy chief of the International Monetary Fund says the world needs to be preparing for downside scenarios relating to COVID-19 Gita gopinath is the IMF's first deputy managing director and she spoke with Bloomberg radio We need to prepare for that And that's the part where I think more needs to be done We need another 15 billion in grants this year to get the right amount of preparation in place And then 10 billion every year before pandemic preparedness Gita gopinath of the International Monetary Fund stocks declined today with the S&P down 54 a drop of 1.2% for the week the S&P was down 2.4% the Dow today down 113 down three tenths NASDAQ down 292 down 2.1% Global news 24 hours a day on air and on Bloomberg quicktake powered by more than 2700 journalists and analysts in more than 120 countries I'm Charlie palette This is Bloomberg.