sonali: we have tech giants leading the way to start the week and central-bank decisions from the u.s. to england to the bank of japan.

let's talk about what's happening in the markets. we are in a bit of a holding pattern before the economic data hits the tape. the s&p still up on the day after a bit of a bummer of a week last week. no up around .9%. the semi index now up about 1.5%. we are going to talk about some mid-day movers on the equity side. looking at shares of nvidia ahead of the ceo's. speech this afternoon. hsbc raising its. rights target here. . up .4%. tesla will raise prices on all model why models by $1000 next month. it's making because i one of the biggest gainers in the s&p 500 up more than 5.5%. alphabet and apple are also major gainers in the s&p 500 today. this is on a school play are in talks to integrate -- on talks they are integrating capabilities.

the ceo of barclays this year is still betting on rate cuts but just a little later than expected. >> the economy is stabilizing. employment is robust. inflation is coming down. on the balance, it might be more prudent to wait a little longer. our view and that of many others is more rate cuts this year. sonali: we will discuss all this with michael mckee. we were joking about how nvidia is the biggest mover in the market today but what's the crown? >> the bank of japan could take the crown tonight but what if the fed -- but what is the fed going to say about rate cuts? the issue becomes a dot plot. -- the dot plot wednesday

afternoon 2 p.m. wall street time. at this point, they are thinking three rate cuts, what they decided back in december. there's a feeling some of the mood changed. you can see there's a small chance things get revised down to less than 3. the overnight index swap's idea on where they should be. it's just a little bit lower than the fed's. it's not a complete wall street decision this will happen but it would only take two members to move the -- the dots. the fed thinks perhaps the fed will have to raise their inflation forecasts. remember this is cpe inflation, not cpi. raising it for 2025-2026. there is so much going on at

this point you can put a lot of stock in it. sonali: inflation expectations was going to be my next question. if they were to raise expectations, how much of a shock would it be for the market? >> the market is already pricing in the idea is going to be a little higher. right now the economy thinks it'll move from 2.4% to 2.5%. anything else would be a shock to the market and would cause them to change their dots. sonali: thank you so much. it's going to be a busy week for you ahead. we are going to bring in angie long, cio and portfolio manager. she is on the field of a brand-new stadium for her women's soccer team, the kansas city current, job to the first arena for a women's professional sports team. we will talk about it all. talk about what happened here. you are in kansas city. you made a major investment.

all of a sudden you see investor money flying into women's sports at a greater rate than you had a weekend with the stadium filled -- and you had a weekend with the stadium filled. >> it was an amazing weekend in the stadium built for a women's team. we see tremendous opportunity in women's sports. the investment in the stadium is. . a long-term investment it really establishes a real opportunity for us on the revenue side of all the different ways we can generate revenue. it allows athletes to have a place that is their own. we control so many more things with our schedule and the opportunity. it's been an amazing weekend here in kansas city. sonali: what's the return profile? you are an investor by trade. he -- you brought in jp

morgan to be an investor group in the arena and you also brought in patrick mahomes and his wife. what do you all expect out of this in the end? >> it's interesting, we bought this team in december of 2020, and honestly i've been in fast growing businesses my entire career, nothing is going as fast as this opportunity and women's sports -- in women's sports. it's grown 100 times what we have put into it. sonali: what's driving that growth here why is there so much excitement about it now as opposed? to the past? >> i would've said the world cup was the women's -- was the moment for women's sports. it is a long-term evolution of title ix. it's the number of female athletes that play the game at young ages.

it is college and there has not been a real professional opportunity before. it's the combination of this intermediation of media and the way people consume sports but mostly the athletes have always been there and now there is a place to showcase them and we are seeing the growth in the u.s., globally in soccer, volleyball everywhere. sonali: this arena alone was $117 million. . you brought jp morgan into it. more than 11,000 seats in the stadium. so, why kansas? talk to us a little bit about the excitement around the area, the space, and what strong so many people to the stadium. part of the back story about how you got jp morgan involved. >> kansas city is the greatest sports town in this country. a lot of people know that. obviously brittany and now

patrick are investors along with us. this city has always been a great sports town and soccer town. when we had the opportunity to bring a women's professional team back to kansas city, we knew it would do really well here. sonali: talk about the markets here. we are talking about investors an alternative assets, but i'm curious, longtime credit expertise here we are bringing to the table with the fed decision this week expected, should interest rates remain higher for longer, should we see some change in the dot plot, how does that change putting new money to work? >> it's been our view for a while that we would probably be in the situation for longer and i think the markets have obviously reversed a little bit their position the last few months. you mentioned the two-year. that's a great place to start. . we invest in credit.

what we are seeing for companies is the opportunity is fantastic. with our strategies, we can go anywhere. there may be some areas of credit where credit spreads are tight or close to them over the last 10 years but we are seeing tremendous opportunity in the leverage loan market, the clo market. companies are doing pretty well and the rally on the strength we have seen has actually helped some of these companies and given them a lifeline to the extent it. i would've said the market split into two pieces. a small minority that are struggling to get their balance sheet in order. but the vast majority are doing great. >> how do you think about inflation here as well? i was speaking to michael mckee about the idea perhaps there's a small chance here the fed shifts inflation expectations and there are investors that believe they should. if that were to happen,

how does longer-term higher inflation impact the companies you invest in? >> as far as inflation goes, i see no reason for us to do anything other than to be patient. i was not investing in the 1970's but certainly studied at and it seems like this being patient and making sure that we have inflation under control is the right answer. the biggest challenge for companies is when they have to live through environment that are rapidly changings. when inflation hits suddenly, that was very difficult to deal with. at this point and time people can be patient around it and what we are talking about is not necessarily inflation skyrocketing again but rather just being a little more slow to go down to the levels the fed wants to see. sonali: thank you so much for your time, angie long, cio and portfolio manager, outside the new stadium in

kansas dedicated to women's sports. coming up, we will go to the technology industry. apple and google are in talks for a deal that could bring more ai capabilities to the iphone. we will talk about that, next. stick with us. this is bloomberg. ♪

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sonali: this is "bloomberg markets." it's time for the stock of the our pyramid up is said to be in talks to build google's ai software for use with the iphone, a move that could give gemini an edge with billions of potential users.

mark gurman was the first to report the news and he joins us now, how would this kind of partnership work? >> thank you so much for having me. this partnership would be a blockbuster in the ai industry. apple has 2 billion devices with its logo on it in circulation right now. google according to many experts has the best generative ai engine on the market right now. the two coming together would be a major partnership for this growing and thriving ai industry. it's unclear because a commercial terms have not been worked out as to how this would work financially but there are scenarios in which google may pay apple to feature gemini here as the default provider, this could be reminiscent of the apple deal that has been under investigation for years not by the department of justice, google has been the default search engine on the iphone since the product launched in 2007, now moving onto the ai world, the generative ai engines, this would be an extension or sort of a modern

2024 version of that. sonali: you've reported apple has more than 2 billion devices in active use that could potentially become home to google gemini later this year, what does this mean about the power dynamic of google and apple? there's a potential for google to pay apple instead here? how is there a corporate rationale here of who gains and how soon? mark: what you would likely see is a mix of two different ai engines, you would have apple's homegrown llm with some generative capabilities, that would power a lot of the proactive intelligence features, day-to-day use cases, background use cases for ai that you would see coming to the iphone later this year. apple's model engine would run on the iphone itself. but what consumers also want is access to true generative ai chatbots for image generation, writing essays, writing emails,

for what you would normally see people do with chatgpt. that is best used on the cloud. that is where google and gemini are probably better than apple and where google already has all that infrastructure in place for cloud processing. this would be a huge boost to apple. they could potentially get paid for featuring gemini and they could potentially be getting a better ai model than what they are able to offer themselves, they can still use there is for the main tasks and leverage google for the outside tasks and not have to pay the gigantic server bills and engineering needed to craft servers for that cloud-based generative ai processing. so apple could be basically giving consumers the best of both types of generative ai while getting paid to do so. sonali: we've been talk about this in the vein of the iphone but apple is a massive ecosystem. i'm a first apple watch buyer a

few days ago and you wonder how the ai ecosystem can start filtering across products, how could we think about that as the years go on? michael: i think you are exactly right, -- mark: i think you are exactly right, this is going to start with the iphone, the operating system is the same essentially has the iphone so you can imagine the ipad will get the same ai features from the get-go. the big ai push on the mac, you might get some features on it this year but next year and the year after are going to be bigger software years for mac os. i think you will be more ai intentionality then. the apple watch i assume will get limited ai this year. eventually their stock of the apple watch being repositioned as an ai companion device alongside the iphone. use see companies creating these ai companion devices, apple already has a smartwatch on tens of millions if not hundreds of millions of people's wrists, making that an ai device could

make this a key part of the company's future initiative as well. the head of the apple watch is now going to report to the head of apple's artificial intelligence group. so it seems possible to me you will see a bigger alliance between the apple watch nai in the years to come as well -- and ai in the years to come as well. sonali: maybe my apple watch can. . prepare me for [laughter] year that will have major ramifications across that apple ecosystem. coming up, we will talk to bev and joseph, he will discuss new york's financial education program and the importance of financial literacy in a program that could go countrywide. stick with us. this is bloomberg. ♪

sonali: this is "bloomberg markets." i'm sonali basak.

next week hundreds of students and new york will meet at st. john's university to learn about financial literacy and bevon joseph as the advisor to the new york department of education and founder of the greenwood project. let's talk about what you are doing here next week. why are you bringing 700 students to st. john's and how much interest is there for these students to actually learn about the world of finance? bevon: thanks for having me today. 15 high schools in queens got together to bring financial literacy to high schools, juniors and seniors. now we are looking to take that throughout the entire city from chicago. the event next week is a culmination of the last couple of months of the kids working together. 87 kids have created business plans to pitch on that day, they are coming up with entrepreneurial projects and stuff like that, pitching for real money, like a shark tank competition. the goal is to bring financial

literacy to every kid in new york city. sonali: this is voluntary, it's not mandatory, correct? from what i understand, there is a push here to make financial education more mandatory in high schools. bevon: that is correct. a recent report came out that 35 states are making it mandatory kids have some kind of financial education before graduation from high school. new york city itself, the 12th year of high school, there are some 15 hours kids have to go through. our goal is to set the precedent to make new york city the model for the rest of the country. sonali: talk more about that. what does it look like even beyond this program for you when you're talking about the department of education in the city in the state and to other states? you talked about your work in chicago. bevon: i've been doing this in chicago for the last 10 years with young people, primarily diverse populations like black and latinx in particular. i started working with kids their junior year of high school all the way through college. i have many hundreds of financial services to date, kids

making six figures who got an exposure. it is really my purpose to get this program out not just in new york but every state as well, too. sonali: we talk about the department of education and funding it, how hard is it to get resources for programs like this in schools? bevon: the timing is right now. david banks was the chancellor of public schools in new york city, the superintendent in queens, we are focusing on queens right now. also working with dr. damien kenwood who is the student services coordinator for the entire queens district. we have political power behind us, it's really top of mind for everyone now. funding resources will come. my job is to bring wall street to the table. we can't do this alone. the department of education needs wall street at the table to help with funding, mentorships, enter and that kind of stuff. sonali: is wall street getting involved? so they have an interest for students that are this young and have not been to college yet, thinking about it at this point? bevon: firms actually want to

get in front of high school kids because that's the future talent pipeline. if you would until college, it is too late -- wait until college, it is too late. we want to get the brand in front of the young people. that's what we are doing as well. sonali: how is the high school talent pipeline responding to the idea of jobs in finance? do they feel it is accessible or do they feel shut out? bevon: more exposure is the key. events like next week, if companies want to support campuscoininvest.co they can go and learn morem, and get access to the opportunities as well. sonali: thank you for your time and good luck with that event next week, 700 students learning about financial education in new york, much younger than before. that is bevon joseph. i'm going to check on the markets. a green day on the screen after a tuft week last week -- -- a tough week last week. big tech stocks, even higher.

the nasdaq 100, higher 1.1% on the day. google, apple, tesla among the big gainers. nvidia, up on the day. the semi conductor, flat on the day. losing a bit of stream. the two-year yield, pretty stunning. . 4.74% on the day days before the big fed meeting. a lot of eyes on the future of inflation and whether we will actually see those interest rate cuts. keep an eye on us through the close here. i'm sonali basak. that does it for bloomberg markets for now. this is bloomberg. ♪

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>> from the world of politics to the world of business. this is "balance of power." live from washington, d.c.