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Jun 28, 2023
06/23
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this is bloomberg. ♪ david: welcome back. bad news here. ubs and credit suisse, bloomberg has learned that credit suisse -- ubs is going to cut more than half of credit suisse's workforce. su keenan has the story. talk to us about who might be affected and which geographies might be affected as part of the story. su: a 50% cut in bankers and support staff london, new york, and some parts of asia. we don't have the full details on which regions hit first but those three are expected to bear the brunt of the cut with almost all activities at risk according to sources. at the job cuts are to begin july with two more rounds in the fall tentatively september and october. three rounds total is what credit suisse's remaining staff of been told to expect. this is impacting those who remain in credit suisse trading and investment bank to be the hardest hit according to people close to the matter. all of this as a result of ubs's emergency takeover three months ago. while job cuts were expected, ubs has said fr
this is bloomberg. ♪ david: welcome back. bad news here. ubs and credit suisse, bloomberg has learned that credit suisse -- ubs is going to cut more than half of credit suisse's workforce. su keenan has the story. talk to us about who might be affected and which geographies might be affected as part of the story. su: a 50% cut in bankers and support staff london, new york, and some parts of asia. we don't have the full details on which regions hit first but those three are expected to bear...
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Jun 26, 2023
06/23
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bloomberg learns the u.s. treasury secretary is planning to visit beijing next month for the first talks with her new chinese counterpart. we are live at the world economic forum in china speaking exclusively with the circle ceo about harnessing the power of stablecoins and blockchain. shery: take a look at how u.s. futures are trading. a little bit of upside after we sell pressure on u.s. stocks on the regular session. you talk about profit-taking in tech. we are on a holding pattern in u.s. stocks trade analysts saying perhaps the next catalyst will be second-quarter earnings so we are awaiting that. our kids seem to be pricing out potential rate cuts coming from the fed. we saw the treasury rally fading perhaps later in the session and the two year yield ending unchanged while the 10 year yield fell to 372. oil prices rebounding. you can see we are under the $70 a barrel level. let's get back haidi: to the top start -- haidi: get back to the top stories. sources telling bloomberg janet yellen is expecting t
bloomberg learns the u.s. treasury secretary is planning to visit beijing next month for the first talks with her new chinese counterpart. we are live at the world economic forum in china speaking exclusively with the circle ceo about harnessing the power of stablecoins and blockchain. shery: take a look at how u.s. futures are trading. a little bit of upside after we sell pressure on u.s. stocks on the regular session. you talk about profit-taking in tech. we are on a holding pattern in u.s....
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Jun 27, 2023
06/23
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this is bloomberg technology. lordstown files for bankruptcy as they deal with foxconn unraveling we will bring details on that developing story. and we will talk a and regulation with an m.i.t. researcher who sat down with president biden on his trip to san francisco. we will get her takeaways and how the government plans to tackle the booming technology. plus, we sit down with famed venture capitalist gary tan with an exclusive interview talking about investing and how his firm is investing in building back the bay area. let's get a check on the markets starting in the equity market. we are rebounding when it comes to the technology sector. the nasdaq 100 is up by more than one percentage point but a follows the biggest today decline going back to march area the biggest weekly drop going back to march as well for the s&p 500. the u.s. 10 year yield is up by around two basis points. a lot of news flow we will get to shortly around bitcoin with reports of fidelity propping up bitcoin and that is push the main asse
this is bloomberg technology. lordstown files for bankruptcy as they deal with foxconn unraveling we will bring details on that developing story. and we will talk a and regulation with an m.i.t. researcher who sat down with president biden on his trip to san francisco. we will get her takeaways and how the government plans to tackle the booming technology. plus, we sit down with famed venture capitalist gary tan with an exclusive interview talking about investing and how his firm is investing...
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Jun 22, 2023
06/23
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this is bloomberg. ♪ how can you sleep on such a firm setting? gab, mine is almost the same as yours. almost is just another word for not as good as mine. the queen sleep number 360 c2 smart bed is now only $899. plus, 48-month financing on all smart beds. shop now only at sleep number dani: a selloff yesterday that began in the u.k. just accelerated after powell's testimony which reiterated much of his fomc statement. bostic added fuel to the fire, his message no more hikes for 2023, but no cuts, either, in the first half of 2024. market darlings like nvidia hit the lowest of the day. the weird thing is that stockmarket internal suggested something decides doom and gloom. what i have in front of me is the homebuilders etf. this is one of the most interest-rate sensitive sectors and this thing yesterday rallied to the highest of 2020 one. that's not exactly something you would expect if the yield curve is correct and we are heading for a recession. let's bring in the seats -- cio of soft chin -- sofge
this is bloomberg. ♪ how can you sleep on such a firm setting? gab, mine is almost the same as yours. almost is just another word for not as good as mine. the queen sleep number 360 c2 smart bed is now only $899. plus, 48-month financing on all smart beds. shop now only at sleep number dani: a selloff yesterday that began in the u.k. just accelerated after powell's testimony which reiterated much of his fomc statement. bostic added fuel to the fire, his message no more hikes for 2023, but no...
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Jun 14, 2023
06/23
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this is bloomberg. >> european equities are starting to be expensive compared to rates, compared to loans. corporate bonds. to answer your question, yes. we are reaching a point where it is hanging high. where it starts to impact. on the european liquidity evaluation. the seem strong enough to hike margins, but i don't expect equities to increase a lot from the current. >> european equity strategist speaking to alex in the yesterday. that brings us to the question of the day. will lagarde be watching powell today? is there a relationship or? what will happen with european stocks if the guard continues to hike, unlike what we may see out of washington, which could be a hawkish skip today. does that turn into a hawkish pause? we will watch. spencer giving us an equity. european equities are looking expensive, relative to bonds. we have an ecb that looks like it will continue to hike rates, regardless of what the fed will do. do you by european stocks, or do you think this run versus u.s. equities is over?
this is bloomberg. >> european equities are starting to be expensive compared to rates, compared to loans. corporate bonds. to answer your question, yes. we are reaching a point where it is hanging high. where it starts to impact. on the european liquidity evaluation. the seem strong enough to hike margins, but i don't expect equities to increase a lot from the current. >> european equity strategist speaking to alex in the yesterday. that brings us to the question of the day. will...
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Jun 28, 2023
06/23
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this is "bloomberg technology". ♪ ed: welcome back to "bloomberg technology". ed ludlow in san francisco. let's check markets. technology is a part of the story. nasa is modestly high at zero. the main takeaway is jerome powell, fed chair, saying the chance of a recession in the u.s. is one of the least likely scenarios. that is pushing stuff higher. wall street journal reports the u.s. will tighten restrictions on the export of chips to china, impacting nvidia. we are softer by seven -- 0.7% on the tech stocks. we are hitting 1% lower on bitcoin, 30,300 u.s. dollars. we had some buoyancy tied to the momentum around blackrock reporting from fidelity. if there is one name in the tech. we are looking at closely, it is joby and -- aviation. it is the highest on record depending on when you close. drain us is the ceo joeben bevirt in -- joining us is the ceo joeben bevirt in california. have received permit -- you have received permission to test fly the planes coming off the production line. how big of this -- is this for you? >> this is a huge moment. the joby te
this is "bloomberg technology". ♪ ed: welcome back to "bloomberg technology". ed ludlow in san francisco. let's check markets. technology is a part of the story. nasa is modestly high at zero. the main takeaway is jerome powell, fed chair, saying the chance of a recession in the u.s. is one of the least likely scenarios. that is pushing stuff higher. wall street journal reports the u.s. will tighten restrictions on the export of chips to china, impacting nvidia. we are...
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Jun 23, 2023
06/23
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this is bloomberg. ♪ dani: good morning and welcome back to "bloomberg daybreak: europe." we have the strays to set your agenda. global stocks head to their worst week since march while investors worry the rate hikes will trigger the sessions. jobless claims in the u.s. suggest a cooling job market. janet yellen sees the risk of a u.s. recession diminishing. and a tragic ending to the search for the missing submersible with the crew declared dead after an implosion of their vessel. it is friday, the end of the week. a difficult and tragic we. let's turn our attention to the market. we are looking at equities ending the week lower especially in asia. a large selloff underway in japanese stocks. hong kong, taiwan and china are closed. we had hot japanese data coming in. but really it is the hot inflation data everywhere bad for markets. u.s. stocks ended the day higher. we are heading to the end of the quarter. it is a short week in the u.s. not unusual to see portfolio adjustments. the asset that has continued to shine is the dollar. the dollar against most things but espec
this is bloomberg. ♪ dani: good morning and welcome back to "bloomberg daybreak: europe." we have the strays to set your agenda. global stocks head to their worst week since march while investors worry the rate hikes will trigger the sessions. jobless claims in the u.s. suggest a cooling job market. janet yellen sees the risk of a u.s. recession diminishing. and a tragic ending to the search for the missing submersible with the crew declared dead after an implosion of their vessel....
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Jun 2, 2023
06/23
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i am simone foxman and this is bloomberg. alix: thanks so much. the labor supply, labor market is surprisingly really hot. on wall street, there is a fight to retain talent and that is just getting started and even hotter. joining us for more, sonali basak. we had a great piece on the bloomberg the talked about how hedge funds were scooping up the talent with huge payouts. what do we know? >> huge payouts, 10 to $15 million -- $10 million to 50 million payers and -- 50 million dollars. they are making more of the top five nba players are making at this point. so hedge funds rbc a hot job. i will say this is not for everybody. there are a lot of hedge funds that are past models. they have flex ability. in terms of how they pay employees because they can charge their investors. that only works for hedge funds and they have been growing assets meaningfully so they are looking for talent and willing to pay for it. guy: so the buy side good, sell side? >> bad. it is not as easy as that but certainly the sell side in particular has seen a lot of pressur
i am simone foxman and this is bloomberg. alix: thanks so much. the labor supply, labor market is surprisingly really hot. on wall street, there is a fight to retain talent and that is just getting started and even hotter. joining us for more, sonali basak. we had a great piece on the bloomberg the talked about how hedge funds were scooping up the talent with huge payouts. what do we know? >> huge payouts, 10 to $15 million -- $10 million to 50 million payers and -- 50 million dollars....
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Jun 22, 2023
06/23
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this is bloomberg. ♪ haidi: the u.s. coast guard says the five members aboard the missing tighten have died from what appears to be a catastrophic implosion of the vessel. debris has been found a few hundred meters from the titanic. >> consultation from experts within the unified command come the debris is consistent with the catastrophic loss of the pressure chamber. upon this determination, we immediately notified the families. on behalf of the united states coast guard and the entire unified command, i offer my deeper condolences to the families. haidi: let's get more details from angus lee. this is a sad ending to an extraordinary endeavor in the first place. >> confirmation of many people's worst fears. we know the coast guard using a remotely operated vehicle found debris on the ocean floor and the debris was consistent with a catastrophic implosion, when the whole of the vessel implodes under huge pressure of all of the water bearing on it. they found five pieces of the titan. some outside the pressure hull, some
this is bloomberg. ♪ haidi: the u.s. coast guard says the five members aboard the missing tighten have died from what appears to be a catastrophic implosion of the vessel. debris has been found a few hundred meters from the titanic. >> consultation from experts within the unified command come the debris is consistent with the catastrophic loss of the pressure chamber. upon this determination, we immediately notified the families. on behalf of the united states coast guard and the entire...
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Jun 15, 2023
06/23
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caroline: this is bloomberg equality. romaine: every thursday in june we taken all inclusive look at what social equity and equality truly mean for companies, investors, and ultimately, our collective global prosperity. we will go deep into several key topics including fair access to capital and that if he says -- that is sf politics around a gender identity. caroline: today we focus on the workplace. this is the second time we've
caroline: this is bloomberg equality. romaine: every thursday in june we taken all inclusive look at what social equity and equality truly mean for companies, investors, and ultimately, our collective global prosperity. we will go deep into several key topics including fair access to capital and that if he says -- that is sf politics around a gender identity. caroline: today we focus on the workplace. this is the second time we've
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Jun 6, 2023
06/23
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from new york and san francisco, this is bloomberg. ♪ caroline: welcome back to bloomberg technology. i'm caroline hyde. ed: i am ed ludlow. let's get a check in on the markets and a real muted session. not much going on. s&p 500 up .1%, basically flat on the nasdaq 100. rotation in financials, bottom feeding basically going on. not much of a clear catalyst as we have had in recent site -- recent sessions. a buy couple basis points. bitcoin stabilizing when the headlines came out about the sec suing coinbase, there was a knee-jerk reaction adding to the events of the last one he four hours and sec looking at binance but we recovered. in terms of the individual mover, one to the downside. given its size and market cap and waiting, looking at apple, trading neither here nor there, a lot of the streets saying the announcement from ovi wdc, the specifics on the vision pro mixed reality headset is priced into the stock or it is a cell the news event for a longer market and softer by half a percentage point but coming off of intraday record, which would come off anyway after the events of t
from new york and san francisco, this is bloomberg. ♪ caroline: welcome back to bloomberg technology. i'm caroline hyde. ed: i am ed ludlow. let's get a check in on the markets and a real muted session. not much going on. s&p 500 up .1%, basically flat on the nasdaq 100. rotation in financials, bottom feeding basically going on. not much of a clear catalyst as we have had in recent site -- recent sessions. a buy couple basis points. bitcoin stabilizing when the headlines came out about...
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Jun 12, 2023
06/23
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this is bloomberg markets, european close with guy johnson and alix steel. guy: the stoxx 600 at a standstill. we await the big news. the ecb, the bank of japan. some of this could have a significant effect. today i think the market is basically split between two big sectors. lvmh getting some traction today. it's such a heavy weight it has a big effect on the market. what's happening with shell? krudys getting crunched pretty hard seems to be the story for the past few days. down by 7/10 of 1%. energy versus luxury seems to be the narrative. alix: here in the u.s. the meltdown continues. if you are not positioned for risk and continue to see this rally, you have the foam on have to buy in to get the chase and crash up. what's leading the way, is the hotel index led by carnival got an upgrade from jp morgan after meeting with the company there's no sign of any slowing consumer spending. crude human mentioning down by 3%. the last time we got this hit there were conversations about iran and the u.s.. nonetheless something to keep your eye on. a little bit of
this is bloomberg markets, european close with guy johnson and alix steel. guy: the stoxx 600 at a standstill. we await the big news. the ecb, the bank of japan. some of this could have a significant effect. today i think the market is basically split between two big sectors. lvmh getting some traction today. it's such a heavy weight it has a big effect on the market. what's happening with shell? krudys getting crunched pretty hard seems to be the story for the past few days. down by 7/10 of...
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Jun 7, 2023
06/23
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this is bloomberg surveillance. i am jonathan ferro and your equity market on the sb 500 slightly softer and you go through the research, morgan stanley still bearish. one person saying the bond market appropriately priced for the world they were anticipating. tom: some of the highlights of that through the data are very valuable. everyone is asleep this more -- morning on the markets and i will go right to the two 10 spread. 83 interest points. jon: exports from china, the latest data. the first up here for what, three months? lisa: a lot of people are looking for some sort of recovery and we keep getting information that it is not happening. whether -- it will be interesting whether china mass -- matters as much as a has in the past. jon: in matters if you are europe. someone from jp morgan talking about the diversions between any fracturing and services and indicating, if we get services -- tom: that is in the zeitgeist, the idea we will see services slow down. all of that to me and you mentioned the research not
this is bloomberg surveillance. i am jonathan ferro and your equity market on the sb 500 slightly softer and you go through the research, morgan stanley still bearish. one person saying the bond market appropriately priced for the world they were anticipating. tom: some of the highlights of that through the data are very valuable. everyone is asleep this more -- morning on the markets and i will go right to the two 10 spread. 83 interest points. jon: exports from china, the latest data. the...
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Jun 26, 2023
06/23
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stay with us this morning on bloomberg television and bloomberg radio. lisa going to give you the surveillance names scheduled to join us. later on, this is the interview i will pay the closest attention to. the tank general from the united states army, ben hodges, will join us in the 10:00 hour. i believe that is with alix steel. alina was one of the few people on twitter with common sense in the heat of saturday night. i cannot remember. i am thrilled to have her with us. what is your observation on this? lisa: i think what i find interesting is the markets are inconclusive about what the applications are. they are just as confused as everybody else. yes, you're seeing a lift in natural gas prices in europe. other than that, it is unclear what people see as longer-term ramifications. my larger observation is our cracks in the armor but -- in the armor behind vladimir putin. there are questions who is behind his leadership and opposing the wagner march. tom: futures at -6%. a stunning and weaker chinese yuan. ruble is weaker back on certain number of mo
stay with us this morning on bloomberg television and bloomberg radio. lisa going to give you the surveillance names scheduled to join us. later on, this is the interview i will pay the closest attention to. the tank general from the united states army, ben hodges, will join us in the 10:00 hour. i believe that is with alix steel. alina was one of the few people on twitter with common sense in the heat of saturday night. i cannot remember. i am thrilled to have her with us. what is your...
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Jun 5, 2023
06/23
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make you so much, that is bloomberg's russell ward. nellis get to a bloomberg business flash. this is adrian wong. >> the u.k. remained europe's top destination for foreign investment projects in the financial services sector last year. britain landed 76 investments in 2022. more than a quarter of all projects. france the second biggest recipient. at 25% drop in projects. germany and spain with the third and fourth most important destinations. turkey has named his treasury and finance minister. they will face the challenge of restoring investor confidence after the election. an advocate of conventional policies signaling a shift from herod want unorthodox positions. airbus is the wide-body aircraft market is set to experience lengthy wait times similar to the single aisle segment. that is after rapidly stocking up. the wide-body aircraft generally more complex due to elaborate interiors. that is your bloomberg business flash. >> coming up, everyone from sovereign wealth funds, venture capitalists are talking about the new favorite as a class. ♪ good night! hey corporate type
make you so much, that is bloomberg's russell ward. nellis get to a bloomberg business flash. this is adrian wong. >> the u.k. remained europe's top destination for foreign investment projects in the financial services sector last year. britain landed 76 investments in 2022. more than a quarter of all projects. france the second biggest recipient. at 25% drop in projects. germany and spain with the third and fourth most important destinations. turkey has named his treasury and finance...
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Jun 16, 2023
06/23
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bloomberg's senior reporter for tech there. you can read that on bloomberg businessweek. our next guest says the chinese economy is looking up in the short-term. power sustainable investments p(jennifer)inable investments jthe reason why golo customers have such long term success is because we focus on real foods in the right balance so you get the results you want. when i tell people how easy it was for me to lose weight on golo, they don't believe me. they don't believe i can eat real food and lose this much weight. the release supplement makes losing weight easy. release sets you up for successful weight loss because it supports your blood sugar levels between meals so you aren't hungry or fatigued. after i started taking release, the weight just started falling off. since starting golo and taking release, i've gone from a size 12 to a 4. before golo, i was hungry all the time and constantly thinking about food. after taking release, that stopped. with release, i didn't feel that hunger that comes with dieting. which made the golo plan really easy to stick to. since st
bloomberg's senior reporter for tech there. you can read that on bloomberg businessweek. our next guest says the chinese economy is looking up in the short-term. power sustainable investments p(jennifer)inable investments jthe reason why golo customers have such long term success is because we focus on real foods in the right balance so you get the results you want. when i tell people how easy it was for me to lose weight on golo, they don't believe me. they don't believe i can eat real food...
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Jun 29, 2023
06/23
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. >> welcome to the bn them and bloomberg audiences, welcome to "bloomberg markets." >> let's get a check on what is going on in the markets. we see a continuation of the rally. the s&p rising .4%. powered higher by financials after the stress test were ace yesterday. we are getting closer to the big round number. the u.s. 10 year yield rising right now. 14 basis points, as investors sell off that debt. three point 8481. we see oil coming up, but only about nine cents right now. $.10. $69.66. crude holding under the $70 level. what are you looking at? jon: we are keeping an eye on technology. it has been a softer day for those names. macron, a lot of ai excitement. when it comes to dealing with the inventory glut, the message from the company seems to be a slow recovery. we have seen the stock off 4%. i wanted to highlight alphabet. in canada, the last few minutes, we saw the company put out a statement, saying they are going to block news from canadians on their properties because of a new bill that became law. . we were covering that. meda said something similar. we will watch that stor
. >> welcome to the bn them and bloomberg audiences, welcome to "bloomberg markets." >> let's get a check on what is going on in the markets. we see a continuation of the rally. the s&p rising .4%. powered higher by financials after the stress test were ace yesterday. we are getting closer to the big round number. the u.s. 10 year yield rising right now. 14 basis points, as investors sell off that debt. three point 8481. we see oil coming up, but only about nine cents...
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Jun 8, 2023
06/23
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that is it for bloomberg "technology." this is bloomberg. ♪ ahhhhhh filing sales tax returns? ahhhhhh business license guidance? ahhhhhh -cross-border sales? -ahhhhhh -item classification? -ahhhhhh does it connect with acc...? ahhhhhh ahhhhhh ahhhhhh (jennifer) the reason why golo customers have such long term success is because we focus on real foods in the right balance ahhhhhh so you get the results you want. when i tell people how easy it was for me to lose weight on golo, they don't believe me. they don't believe i can eat real food and lose this much weight. the release supplement makes losing weight easy. release sets you up for successful weight loss because it supports your blood sugar levels between meals so you aren't hungry or fatigued. after i started taking release, the weight just started falling off. since starting golo and taking release, i've gone from a size 12 to a 4. before golo, i was hungry all the time and constantly thinking about food. after taking release, that stopped. with release, i didn't feel that hunger that comes with dieting. which made the g
that is it for bloomberg "technology." this is bloomberg. ♪ ahhhhhh filing sales tax returns? ahhhhhh business license guidance? ahhhhhh -cross-border sales? -ahhhhhh -item classification? -ahhhhhh does it connect with acc...? ahhhhhh ahhhhhh ahhhhhh (jennifer) the reason why golo customers have such long term success is because we focus on real foods in the right balance ahhhhhh so you get the results you want. when i tell people how easy it was for me to lose weight on golo, they...
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0.0
Jun 27, 2023
06/23
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tune into bloomberg radio as well. hear more from the days newsmakers and get in-depth analysis from our team there. broadcasting live from our studio in hong kong. you can listen via the app, radio plus, or bloombergradio.com. more ahead. this is bloomberg. ♪ >> planning to build their own batteries and a lab in melbourne as they experiment with clean energy technology, is this a precursor forrio tinto getting into their own battery many fracturing? >> this is exciting, but no. we were quite clear about that that this is going to take place in a lab. this was mentioned yesterday at a mining conference in brisbane by the ceo of minerals -- saying they will become a manufacturer but will be making batteries in a lab in melbourne to explore the applications for these minerals, some of the other critical minerals as well, how they perform in real-world applications and sort of allow them to tailor their products towards customers. network is going to start at the end of this year. -- that work is going to start at the e
tune into bloomberg radio as well. hear more from the days newsmakers and get in-depth analysis from our team there. broadcasting live from our studio in hong kong. you can listen via the app, radio plus, or bloombergradio.com. more ahead. this is bloomberg. ♪ >> planning to build their own batteries and a lab in melbourne as they experiment with clean energy technology, is this a precursor forrio tinto getting into their own battery many fracturing? >> this is exciting, but no....
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Jun 20, 2023
06/23
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bloomberg's oliver crook has more. oliver: last year, a german car was sold every 6.7 seconds in china. it is a single biggest market for the big three, volkswagen, bmw, and mercedes. the real opportunity is on the road ahead. every single second one in china gets her driver's license the very first time. while in the u.s. there 84 register cars per 100 people, it's in china it is 23. for china to catch up with the u.s. it would take a 54 million cars. since 1984, volkswagen has reigned supreme in china. sales are slowing down. this year, byd overtook vw. by december it will be china's biggest car brand officially ending vw's to decade reign of supremacy. when it comes to ev's, price is key and the u.s. they cost 45% more than gas guzzlers. in china that they are 33% cheaper than combustion engine cars down to subsidies and companies that may not last. ramping up his ev, is a race that matters a lot to germany where the auto industry is the single biggest part of the economy and employs 800,000 people. germany will hav
bloomberg's oliver crook has more. oliver: last year, a german car was sold every 6.7 seconds in china. it is a single biggest market for the big three, volkswagen, bmw, and mercedes. the real opportunity is on the road ahead. every single second one in china gets her driver's license the very first time. while in the u.s. there 84 register cars per 100 people, it's in china it is 23. for china to catch up with the u.s. it would take a 54 million cars. since 1984, volkswagen has reigned supreme...
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Jun 26, 2023
06/23
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ed: welcome back to bloomberg technology. i want to get a quick check on the markets, we have seen declines accelerate, particularly on the nasdaq 100. the story is we are coming off the worst week for markets since march and there is a lot of focus on the macro picture, what the fed will or will not do in terms of moving toward rate cutting and reevaluation. higher rates discount the present value of future cash flows, that is the story. outperformance in semiconductor stocks, up 7/10 of 1%. you yes -- u.s. 10 year yield holding around 3%, bitcoin still above 30,000 u.s. dollars, hitting the highest level in one year. there were two movers to the downside, the first being tesla. declines accelerating beyond 5%, goldman is downgrading the stock to neutral. looking at other factors like the declining price of ev's, moving the fourth analyst in about a week to download the stock. alphabet downgraded ubs to neutral, near-term monetization risks. in the medium-term, talking about the pivot to generative ai and what it will do in
ed: welcome back to bloomberg technology. i want to get a quick check on the markets, we have seen declines accelerate, particularly on the nasdaq 100. the story is we are coming off the worst week for markets since march and there is a lot of focus on the macro picture, what the fed will or will not do in terms of moving toward rate cutting and reevaluation. higher rates discount the present value of future cash flows, that is the story. outperformance in semiconductor stocks, up 7/10 of 1%....
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Jun 13, 2023
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this is bloomberg markets with alix steel and guy johnson. alix: it is 30 minutes into the u.s. trading day june 13. here are this tories we are following for you. prices fall while course stays sticky at .4%. the dollar is lower. are we there yet or not until july? the focus turns to july, what would have to change for the fed to get more hawkish? redemption lockdown. they showed up one fund as investors try to flee after sexual allegations over its founder. from new york i am alix steel, welcome to bloomberg markets. it feels like a goldilocks number, something for everyone that doesn't change the status quo. guy: this is the number everyone anticipated. things are moving in the right direction. what i can't figure out, if this is the number now, why should the number that we get in july change things sufficiently for the fed to be hiking in july? if they were going to go why don't they go now, why would they wait? what is happening between now and then? alix: prices come down but not fast enough. no
this is bloomberg markets with alix steel and guy johnson. alix: it is 30 minutes into the u.s. trading day june 13. here are this tories we are following for you. prices fall while course stays sticky at .4%. the dollar is lower. are we there yet or not until july? the focus turns to july, what would have to change for the fed to get more hawkish? redemption lockdown. they showed up one fund as investors try to flee after sexual allegations over its founder. from new york i am alix steel,...
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Jun 2, 2023
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this is bloomberg real yield. time for the auction block in like the weather in new york today, it's hot. your had a record month of may with bonsall topping 119 billion euros. bmw helps to drive this week sales. in the u.s., cvs and at&t flooded the market with offerings, making the month of may the second busiest so far this year and the most active masons 2020. in high-yield, private equity backed sales propelled issuance at $22 billion, making it the busiest month for supply since january, 2022. even with those red hot sales come investors remain nervous about added stress on the system. >> credit is always the canary in the coal mine. the equity market doesn't seem to be paying attention to it now. the fixed income and credit markets are not necessarily paying enough attention to the details. when we look at small, private issuers, they are defaulting at an alarming rate at the moment. when you look at repeat filers, they've increased quite a bit as well. these are your weakest links in your weakest links alw
this is bloomberg real yield. time for the auction block in like the weather in new york today, it's hot. your had a record month of may with bonsall topping 119 billion euros. bmw helps to drive this week sales. in the u.s., cvs and at&t flooded the market with offerings, making the month of may the second busiest so far this year and the most active masons 2020. in high-yield, private equity backed sales propelled issuance at $22 billion, making it the busiest month for supply since...
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Jun 7, 2023
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we also have bloomberg economics/bloomberg intelligence adjusting that the recent stimulus will not be able to lift this particular industry group out of this current malaise. coming up, we are looking at defense ties. india seeking military support from germany to reduce its reliance on russian weaponry. we have as a business owner, your bottom line is always top of mind. so start saving by switching to the mobile service designed for small business: comcast business mobile. flexible data plans mean you can get unlimited data or pay by the gig. all on the most reliable 5g network, with no line activation fees or term contracts... saving you up to 75% a year. and it's only available to comcast business internet customers. so boost your bottom line by switching today. comcast business. powering possibilities™. rishaad: quite cloudy, 70 degrees in mumbai. prospects for the nifty perhaps to the upside, but after a session on tuesday that was flat at the end of it. looking at what investors are keen on, sequoia capital is set to break up into three entities globally, sequoia india and so
we also have bloomberg economics/bloomberg intelligence adjusting that the recent stimulus will not be able to lift this particular industry group out of this current malaise. coming up, we are looking at defense ties. india seeking military support from germany to reduce its reliance on russian weaponry. we have as a business owner, your bottom line is always top of mind. so start saving by switching to the mobile service designed for small business: comcast business mobile. flexible data...
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Jun 26, 2023
06/23
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this is bloomberg. ♪ shery: now to a bloomberg scoop. we have learned goldman sachs is planning to add tom montag to its board this week. he rose to her secoand at bank of america after leaving rudman 15 years ago. su keenan joins us. this comes as frustrations within the firm are becoming public su: yeah. the stock is down. we are on the third round of job cuts. a lot of questions surrounding goldman's direction and its ceo, so the timing is interesting as board meets in india. the board capping a permanent months, veteran who was also a close ally and some of ceo david solomon, according to people close to the matter. while it is routine for the board to make such changes, the appointment of someone who once worked closely with solomon likely signals that the ceo, who also serves as goldman-s chairman, is shoring up support at the time when there are a lot of actions. montag is a wall street heavyweight. he stepped down from bank of america in 2021 after working in goldman. many say he turned bank of america into a trading powerhouse.
this is bloomberg. ♪ shery: now to a bloomberg scoop. we have learned goldman sachs is planning to add tom montag to its board this week. he rose to her secoand at bank of america after leaving rudman 15 years ago. su keenan joins us. this comes as frustrations within the firm are becoming public su: yeah. the stock is down. we are on the third round of job cuts. a lot of questions surrounding goldman's direction and its ceo, so the timing is interesting as board meets in india. the board...
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Jun 2, 2023
06/23
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this is bloomberg. ♪ dani: sources have told bloomberg that south africa is considering switching the venue of an upcoming summit of brics leaders to another country. the move would resolve a dilemma over whether to execute an international arrest warrant for vladimir putin. jennifer zabasajja joins us now from cape town. how serious is this consideration? jennifer: as you mentioned, it could potentially be a resolution to this dispute. but it is not seriously being entertained, but our reporting suggests that potentially south africa is looking to countries such as china or mozambique to hold the summit in august but nothing as definitive. what we heard from south africa's foreign minister is that the plans are still to hold this event in johannesburg in august. this all stems from the dispute around whether or not south africa would execute this arrest warrant for russian president vladimir putin over this icc alleging arrest that they are seeking to obtain. right now what we're hearing from the government as they are still pursuing legal options. and planning to hold this event. bu
this is bloomberg. ♪ dani: sources have told bloomberg that south africa is considering switching the venue of an upcoming summit of brics leaders to another country. the move would resolve a dilemma over whether to execute an international arrest warrant for vladimir putin. jennifer zabasajja joins us now from cape town. how serious is this consideration? jennifer: as you mentioned, it could potentially be a resolution to this dispute. but it is not seriously being entertained, but our...
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Jun 7, 2023
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bloomberg economics expects a cut in june. that is feeding into the asian session, reflecting what happened in the u.s. the spanish ibex down 0.1%. what happened in the u.s., you ended in the green with upside but the broadening out of the rally from the bull market for the s&p, but the moves in financials suggest maybe that has further to run. the ftse 100 down 0.2%. the cac quarante off by nine points. in germany the dax is flat. the futures stateside pointing flat after modest gains yesterday. there is a debate over whether this is a bear market -- a bull market wrapped up in bears clothing, or how much further that has to run. brent down 0.8%. the gains have been wiped out, the impact of opec-plus on this oil market in question. the turkish lira falling to a fresh record against the u.s. dollar. down close to 5.5% as increased speculation that the government under erdogan will step back to supporting the currency. bitcoin down 0.4%. francine: predicted global economic growth will slow to 2.7% in 2023. it is interesting to
bloomberg economics expects a cut in june. that is feeding into the asian session, reflecting what happened in the u.s. the spanish ibex down 0.1%. what happened in the u.s., you ended in the green with upside but the broadening out of the rally from the bull market for the s&p, but the moves in financials suggest maybe that has further to run. the ftse 100 down 0.2%. the cac quarante off by nine points. in germany the dax is flat. the futures stateside pointing flat after modest gains...
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Jun 23, 2023
06/23
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this is bloomberg. ♪ bridgett is here. she has no clue that i'm here. she has no clue who's in the helmet. are you ready? -i'm ready! alright. xfinity rewards creates experiences big and small, and once-in-a-lifetime. >> this is "bloomberg surveillance: early edition." >> good morning everyone and welcome to bloomberg "surveillance: early edition."
this is bloomberg. ♪ bridgett is here. she has no clue that i'm here. she has no clue who's in the helmet. are you ready? -i'm ready! alright. xfinity rewards creates experiences big and small, and once-in-a-lifetime. >> this is "bloomberg surveillance: early edition." >> good morning everyone and welcome to bloomberg "surveillance: early edition."
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Jun 8, 2023
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this is bloomberg. tom: coming up, ev car sales are set to more than double by 2026, but how effective are they in the fight to lower global emissions? we discuss the latest report. the reality check potentially for ev's. this is bloomberg. ♪ francine: i'll come. we are 23 minutes into the european trading day. there seems to be a repricing towards interest-rate hikes. central banks doing more after we had two surprise hikes. that is moving yields, but also moving equities. bloomberg nef says electric vehicle sales will more than double by 2026. the government's and manufacturers still need to do more to eliminate emissions from road transport by the middle of the century. let's bring in oliver crook, who has been crunching the numbers. extremely thorough report, what stood out to you? >> i spent all night reading the 284 pages just to bring you the highlights. francine: it is very small print. >> by candlelight, no less. we know there is a huge transition underway. it is abstract. this puts numbers o
this is bloomberg. tom: coming up, ev car sales are set to more than double by 2026, but how effective are they in the fight to lower global emissions? we discuss the latest report. the reality check potentially for ev's. this is bloomberg. ♪ francine: i'll come. we are 23 minutes into the european trading day. there seems to be a repricing towards interest-rate hikes. central banks doing more after we had two surprise hikes. that is moving yields, but also moving equities. bloomberg nef says...
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Jun 19, 2023
06/23
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this is bloomberg. this is ge aerospace, advancing flight for future generations. ♪ welcome to a new era of flight. >> how expensive will it be if you didn't make these investments? the key piece of technology, cost to leave you vulnerable. which do you want to use? it's not a one-sided question. is it costly? yes. it is also costly to leave yourself completely vulnerable. yousef: the u.s. ambassador to japan speaking with bloomberg on the semiconductor industry. let's give you the update between antony blinken and the chinese president xi jinping. very good progress has been made on u.s. china ties. rosalynn joins us for more. throughout the last few hours, there was a sense of restraint from the chinese side. this latest comment from the president himself raises the bar quite a bit. >> certainly does. it signals this visit has been quite positive for putting a floor under a tense relationship. we sought marathon talked yesterday, more than seven hours of discussion. today, he met with the top chines
this is bloomberg. this is ge aerospace, advancing flight for future generations. ♪ welcome to a new era of flight. >> how expensive will it be if you didn't make these investments? the key piece of technology, cost to leave you vulnerable. which do you want to use? it's not a one-sided question. is it costly? yes. it is also costly to leave yourself completely vulnerable. yousef: the u.s. ambassador to japan speaking with bloomberg on the semiconductor industry. let's give you the...
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Jun 16, 2023
06/23
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welcome to bloomberg markets. the greenwich economic forum in hong kong along with haslinda almond in singapore. haslinda: here are the top stories, the yen eases with the back of japan unanimously keeping policy on hold. policymakers say inflation expectations say inflation expectations are unchanged. asian stocks heading for a third weekly gain had by expectations. japanese actors pairing their recent rally. the philippine finance secretary joins us to top growth -- talk growth, prospect inflation and market policy. the boj front and center as expected, keeping rates unchanged. we are seeing the yen standing its decline. the question right now is, what will the governor say in terms of when why cc will be tweaks. also, wondering when in intervention might take place, the boj says it is keeping tabs on affect developments, will it wait till 142, that week level we saw before intervening. people out there saying maybe not. elsewhere in the market, china in focus expectations. broad stimulus measures that's helping
welcome to bloomberg markets. the greenwich economic forum in hong kong along with haslinda almond in singapore. haslinda: here are the top stories, the yen eases with the back of japan unanimously keeping policy on hold. policymakers say inflation expectations say inflation expectations are unchanged. asian stocks heading for a third weekly gain had by expectations. japanese actors pairing their recent rally. the philippine finance secretary joins us to top growth -- talk growth, prospect...
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Jun 27, 2023
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bloomberg's bureau chief is in karachi. what is the latest on the imf situation that looked dead and buried a few days ago? >> pakistan's imf program has seen a turn of fortune over the past week or so. started off with the prime minister meeting the imf leader at the climate summit last week, and since then, talks reignited and there were three nights of talks that went past midnight pakistan time, and they decided to make changes to the budget, which are equal to around $1 billion, so some $15 million in new revenue, which is primarily taxes, and cutting down on spending, basically making pakistan in a better fiscal position. since then, we have seen other measures being taken by the central bank, although they are not primary ones, but these are steps taken to get the imf program running. one was lifting the restrictions on imports, and the other was on an unexpected emergency meeting that talked about interest rates. the program ends at the end of the week. pakistan has a significant time to get it done, but right now,
bloomberg's bureau chief is in karachi. what is the latest on the imf situation that looked dead and buried a few days ago? >> pakistan's imf program has seen a turn of fortune over the past week or so. started off with the prime minister meeting the imf leader at the climate summit last week, and since then, talks reignited and there were three nights of talks that went past midnight pakistan time, and they decided to make changes to the budget, which are equal to around $1 billion, so...
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Jun 26, 2023
06/23
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>> welcome to bloomberg markets. i'm jon erlichman. matt: and i am matt miller. we are seeing a little bit of a drop in stocks right now. not much, really. just a bit of a fade to the rally that we've been watching, down about 0.1% at 4344. udc investors buying bonds, may be looking for safety and government debt. we do see the yield coming down. again, it is only marginal. still looking at 4.73. this is the two-year yield. we see similar action on the longer end of the curve. the u.s. dollar index is down about 0.1%, not a lot of action there. at oil, we see wti still holding below $70 per barrel. there is a lot of geopolitical news right now. it looks like market participants to some extent are trying to wait it out and see which end is up. jon: watching the headlines for now, moving money into energy stocks. then, we have specific corporate stories we are tracking. quarterly results. the stock drop looks dramatic. we are down 10%. but remember, this particular stock, they have been red-hot recently. the fact that the profit picture in the current quarter playe
>> welcome to bloomberg markets. i'm jon erlichman. matt: and i am matt miller. we are seeing a little bit of a drop in stocks right now. not much, really. just a bit of a fade to the rally that we've been watching, down about 0.1% at 4344. udc investors buying bonds, may be looking for safety and government debt. we do see the yield coming down. again, it is only marginal. still looking at 4.73. this is the two-year yield. we see similar action on the longer end of the curve. the u.s....
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Jun 20, 2023
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wells fargo senior economist joins bloomberg tv. this is bloomberg. it is the second day at the paris air show. gregory hayes has told guy johnson that he is optimistic on growth prospects. he was asked about the company returning to 63 aircrafts and this is what he had to say. >> probably at the end of next year. airbus, we try to stay in lockstep in terms of production. they have many challenges aside from engines. they have a number of shortages out there, but we work day-to-day with them to make sure that they have engines on dock, when they need them. >> is that demand sustainable? are we seeing some of these orders representing over ordering at this present, in order to deliver spots down the road? >> those aircraft are not to be delivered until 2030 to 2035. you can talk to them and i'm sure part of this is securing slots for the next decade, but growth is real. we are seeing growth year after year. airbus came out with a study. half of today's free gets retired. if you do the math, that means he will double the size of the fleet in 20 years. t
wells fargo senior economist joins bloomberg tv. this is bloomberg. it is the second day at the paris air show. gregory hayes has told guy johnson that he is optimistic on growth prospects. he was asked about the company returning to 63 aircrafts and this is what he had to say. >> probably at the end of next year. airbus, we try to stay in lockstep in terms of production. they have many challenges aside from engines. they have a number of shortages out there, but we work day-to-day with...
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Jun 22, 2023
06/23
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this is bloomberg surveillance in bloomberg television. tom keene and lisa abramowicz, and jonathan ferro is on vacation pretty will be back after a couple weeks, and that will be a good and wonderful thing. we have central banks. we are talking over that. we have central banks, whether it is swiss national or norwegian. or whether the bank of england or even the turkish central bank, they are taking a hawkish tone. what does jay powell have? >> this is a sea change. wednesday was quiet. this is not quite. i'm sorry, but i will sum this up simply. there is a sum of all of these parts. in hindsight, the united kingdom raised 50 basis points. of course, should jerome powell have raise rates at the last meeting. >> we are hearing a tone of exceptionalism in the u.s.. not only tech exceptionalism, but inflation exceptionalism. an idea that there is a different dynamic in the united states versus europe. how exceptional is the u.s.. with the upside, over your. >> will have to see. there is a difference here. we have covered it well. through the
this is bloomberg surveillance in bloomberg television. tom keene and lisa abramowicz, and jonathan ferro is on vacation pretty will be back after a couple weeks, and that will be a good and wonderful thing. we have central banks. we are talking over that. we have central banks, whether it is swiss national or norwegian. or whether the bank of england or even the turkish central bank, they are taking a hawkish tone. what does jay powell have? >> this is a sea change. wednesday was quiet....
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Jun 15, 2023
06/23
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on bloomberg originals. 22 minutes past it on the west coast. we want to cover the top tech stories as silicon valley starts a foggy morning. joining us now, ed ludlow. ed, microsoft and its bet on ai and how it leapfrogged over google and no one knew about it until now. ed: that is the framing of big tech. last year we were talking about the new top gun film and artificial intelligence, we were doing it in the context of google and the work google is doing in research and what the big take does is unpack the journey microsoft took starting probably in 2019 when it started serious investment into openai, through product development, and we all know the story since november. it has leapfrogged google. it has commercialized the technology, offered it to the real world through integration with existing microsoft software. we cover those stories daily on the startup. it is worth a read about big tech. guy: it looks like microsoft may be on pace to close at a record high. why has it taken the market so long to figure this out? what is the connection
on bloomberg originals. 22 minutes past it on the west coast. we want to cover the top tech stories as silicon valley starts a foggy morning. joining us now, ed ludlow. ed, microsoft and its bet on ai and how it leapfrogged over google and no one knew about it until now. ed: that is the framing of big tech. last year we were talking about the new top gun film and artificial intelligence, we were doing it in the context of google and the work google is doing in research and what the big take...
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Jun 2, 2023
06/23
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that does it for this edition of "bloomberg technology." we have the podcasts for you to catch up if you missed it. from new york and san francisco, this is bloomberg. ♪ when you automate sales tax with avalara, you don't have to worry about things like changing tax rates, exemption certificates or filing returns. avalarahhh ahhh ahhh ahhh somebody would ask her something and she would just walk right past them, (laughs). she didn't know they were talking to her. i just could not hear. i was hesitant to get the hearing aids because of my short hair. but nobody even sees them. our nearly invisible hearing aids are just one reason we've been the brand leader for over 75 years. when i finally could hear for the first time, i could hear everything. unlock our best deal of the year during our 75th anniversary sale. call 1-800-miracle today. mmmm, your morning coffee hot delicious comforting. but by the third or fourth cup, your stomach might not feel so good. if that sounds like you replace your afternoon cup with 5-hour energy. it's perfect f
that does it for this edition of "bloomberg technology." we have the podcasts for you to catch up if you missed it. from new york and san francisco, this is bloomberg. ♪ when you automate sales tax with avalara, you don't have to worry about things like changing tax rates, exemption certificates or filing returns. avalarahhh ahhh ahhh ahhh somebody would ask her something and she would just walk right past them, (laughs). she didn't know they were talking to her. i just could not...
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Jun 26, 2023
06/23
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this is bloomberg. ♪ alix: this is "bloomberg markets ." you are looking at live pictures of the principal room. coming up, julie sweet will be joining bloomberg at 2:45 p.m. new york time. this is bloomberg. ♪ in its annual report, the bank of international settlements as "the journey ahead for the global economy and its financial system is hazardous and the last leg of the journey to restore price stability will be the hardest." let's get more insight on that. shery ahn joins us now for an exclusive interview. shery: of course, we have heard the rhetoric ongoing right now from major central banks around the world the last few days, higher for longer. i want to ask you, why is the last mile of the inflation fight so difficult, and what does that mean for a soft landing in this environment? agustin: thank you very much, shery ahn. definitely, we have seen talks and what has happened is the cost higher. what is the difference? the difference is the price of commodities and energy. they are not reflected in core inflation. core inflation ba
this is bloomberg. ♪ alix: this is "bloomberg markets ." you are looking at live pictures of the principal room. coming up, julie sweet will be joining bloomberg at 2:45 p.m. new york time. this is bloomberg. ♪ in its annual report, the bank of international settlements as "the journey ahead for the global economy and its financial system is hazardous and the last leg of the journey to restore price stability will be the hardest." let's get more insight on that. shery...
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Jun 9, 2023
06/23
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and that is your bloomberg first word news. coming up, the british prime minister, rishi sunak, leaves washington after a two-day visit. what did he get from the talks? we discuss that in just a moment right here on bloomberg. ♪ ♪ pres. biden: today, we are releasing a new plan to equip our economic partnership for the 21st century. it outlines how we can enhance our cooperation to accelerate the clean energy transition that must take place and is taking place, lead the development of emerging technologies that are going to shape so much of our future, and protect technologies critical to our national security. manus: president biden and u.k. p.m. rishi sunak agreeing to talks on critical minerals pacts. joining me is roz matheson. i suppose the question is this, i mean, a great deal of theater in terms of rishi sunak going over there and drumming up that visit. what did he get from it? was it a success? >> he did get a bunch of individual agreements that they bundled up and tied a bow on and said there's a lot from this tr
and that is your bloomberg first word news. coming up, the british prime minister, rishi sunak, leaves washington after a two-day visit. what did he get from the talks? we discuss that in just a moment right here on bloomberg. ♪ ♪ pres. biden: today, we are releasing a new plan to equip our economic partnership for the 21st century. it outlines how we can enhance our cooperation to accelerate the clean energy transition that must take place and is taking place, lead the development of...
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Jun 6, 2023
06/23
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this is bloomberg. heidi: still ahead, more details on the sec's coinbase lawsuit as they deepen the crackdown on ruto currency. our exclusive interview with the morgan stanley ceo richard wagoner, his outlook on the financial markets and what next for the rba. this is bloomberg. ♪ heidi: we are live at the morgan stanley australia summit in sydney, among the many speakers will be the focus on the rba governor fresh from the central banks unexpected rate hike this week and ahead of australia's first quarter growth numbers. let's bring in the host, morgan stanley austrlia ceo richard wagner is here. do you think that was a mistake? richard: i think the consumer is hurting, it has already turned with a number of consumer stocks already coming out with downgrades. i think i would recommend caution from this point. we have one more hike in our forecasts. and so i think it would be great to see the end of the rising cycle so that we can get on with the next cycle. heidi: there is a lot of uncertainty when
this is bloomberg. heidi: still ahead, more details on the sec's coinbase lawsuit as they deepen the crackdown on ruto currency. our exclusive interview with the morgan stanley ceo richard wagoner, his outlook on the financial markets and what next for the rba. this is bloomberg. ♪ heidi: we are live at the morgan stanley australia summit in sydney, among the many speakers will be the focus on the rba governor fresh from the central banks unexpected rate hike this week and ahead of...
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Jun 29, 2023
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this is bloomberg. ♪ tom: welcome back to bloomberg "daybreak: europe." is thursday, so it is time for our new weekly commodity segment. among the questions we are asking today is where did all that banned russian gas go? the man with all the answers is here. you have been tracking this, what happened and what is happening with russian gas because it is not coming here. >> it is an important conversation because when we talk about the oil market, one of the things we've been talking about of the past few months is that russian oil has found its way to the market. gas is very different because gas relies on pipeline infrastructure to get it to where it needs to do and you can change that overnight. europe has been pipeline imports like lng. china would like to sell all that gas to asia but it needs to redirect the pipelines and that takes years and that hasn't happened. gazprom is just not producing as much gas as it used to. russian gas production is down 13% from preinvasion levels. revenues are down to 45% in the first five months. tom: so that is the g
this is bloomberg. ♪ tom: welcome back to bloomberg "daybreak: europe." is thursday, so it is time for our new weekly commodity segment. among the questions we are asking today is where did all that banned russian gas go? the man with all the answers is here. you have been tracking this, what happened and what is happening with russian gas because it is not coming here. >> it is an important conversation because when we talk about the oil market, one of the things we've been...
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Jun 16, 2023
06/23
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bloomberg real yield starts now.
bloomberg real yield starts now.
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Jun 27, 2023
06/23
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alix: coming up, sarah joins bloomberg television. this is bloomberg. central bankers are gathering for the ecb forum. francine is on the ground and joins us. francine: i'm delayed to be joined by the governor, thank you so much. there is a lot to talk about. not only is inflation sticky, core inflation is not going down as much as we want. what complicates things is the headline inflation coming down. what does that mean for future hikes? >> the basic story is we are seeing the initial shock that caused high inflation. the core inflation, they are getting stronger and stronger. francine: could we pause? >> our future decisions on interest rates are dependent on three different sets. the first is the concentration in the financial markets. the second thing is core inflation, underlying pressures are behind inflation and the projections for the next year. the third important factor is mechanism. how speedy it will be. francine: do you worry about the transmission? when we were in central last time, the ecb has increased rates five 400 basis points. the e
alix: coming up, sarah joins bloomberg television. this is bloomberg. central bankers are gathering for the ecb forum. francine is on the ground and joins us. francine: i'm delayed to be joined by the governor, thank you so much. there is a lot to talk about. not only is inflation sticky, core inflation is not going down as much as we want. what complicates things is the headline inflation coming down. what does that mean for future hikes? >> the basic story is we are seeing the initial...
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Jun 7, 2023
06/23
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this is bloomberg. ♪ summer. just purchase any 5-hour energy product, then enter for a chance to win an eco charger electric atv. just go to 5hecharge.com for details. 5-hour energy...charge it up! it can happen to the people who teach us and rescue us, the people on our team and in our family. it can happen to the people who serve us and the people who served. the people we work late with and stay out late with. it can even happen to the person in the mirror. opioid use disorder is a disease that can happen to any of us. it's possible recovery can happen to any of us, too. by more than 400,000 shares. cathie wood joins us now for an exclusive interview. last july you sold out of some of your holdings citing the regulatory uncertainty. given the crackdown that would present an existential threat at the moment, what forms the broad case to adding to that position for you? what we are saying is the judicial and legislative branches of our government are starting to weigh in on this topic. the regulator,
this is bloomberg. ♪ summer. just purchase any 5-hour energy product, then enter for a chance to win an eco charger electric atv. just go to 5hecharge.com for details. 5-hour energy...charge it up! it can happen to the people who teach us and rescue us, the people on our team and in our family. it can happen to the people who serve us and the people who served. the people we work late with and stay out late with. it can even happen to the person in the mirror. opioid use disorder is a disease...
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Jun 14, 2023
06/23
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this is bloomberg. ♪ is he hailing a ride to the concert hall? no. he's making sure his portfolio and retirement plans work in harmony. they want to adopt a child and build a new home. so they're talking numbers with their merrill adviser. she's not researching her next role. she's learning how to handle market ups and downs without the drama. personalized advice so impressive your money never stops working for you with merrill. a bank of america company. you've been a real rock star. rock star? what do you know about rock stars? billy idol? i mean where's the skin-tight leather? my shoes are leather. where's the unnecessary zippers? that thing! billy, rock star is just how doug feels when he uses workday. thanks, rory. i'll show you rock star! be a finance and hr rock star. workday. for a changing world. billy idol just stole your golf cart! heidi: taking a look ahead at the day for new zealand and australia. bloomberg economics are expecting the economy to just barely avoid a technical recession. here in australia, today's on the planet report coul
this is bloomberg. ♪ is he hailing a ride to the concert hall? no. he's making sure his portfolio and retirement plans work in harmony. they want to adopt a child and build a new home. so they're talking numbers with their merrill adviser. she's not researching her next role. she's learning how to handle market ups and downs without the drama. personalized advice so impressive your money never stops working for you with merrill. a bank of america company. you've been a real rock star. rock...
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Jun 30, 2023
06/23
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this is bloomberg. the biggest of u.s. banks will be allowed to resume dividend payments and share buybacks. we expect announcements today as long as they passed the federal reserve stress test, as they all did. joining us now is aaron klein, brookings senior fellow in economic studies and the former deputy assistant secretary to the u.s. treasury. when you look at the bank stress test, they all passed, including failed banks like credit suisse. there is question about whether the stress tests are doing what they are supposed to and whether there will be more comfort in big banks loosening capital return when people are worried about the economy. aaron: aaron: the fed has doubled down on stress tests even when they have not worked. they made mistakes. at silicon valley bank. stress test for years and not include a sharp hike in interest rate scenarios which is what brought them down. so did first republic. there are lots of different ways to do it, simple to more complex. the fed seems to favor more complex rules. and to b
this is bloomberg. the biggest of u.s. banks will be allowed to resume dividend payments and share buybacks. we expect announcements today as long as they passed the federal reserve stress test, as they all did. joining us now is aaron klein, brookings senior fellow in economic studies and the former deputy assistant secretary to the u.s. treasury. when you look at the bank stress test, they all passed, including failed banks like credit suisse. there is question about whether the stress tests...
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Jun 13, 2023
06/23
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this is bloomberg. ♪ j.p. morgan wealth management knows it's easy to get lost in investment research. get help with j.p morgan personal advisors. hey, david! ready to get started? work with advisors who create a plan with you, and help you find the right investments. so great getting to know you, let's take a look at your new investment plan. ok, great! this should have you moving in the right direction. thanks jen. get ongoing advice; and manage your investments in the chase mobile app. but by the third or fourth cup, your stomach might not feel so good. if that sounds like you replace your afternoon cup with 5-hour energy. it's perfect for when you're feeling coffeed-out. coffee in the morning... 5-hour energy after. your stomach will thank you. discover 5-hour energy. ♪♪ >> we got a strong corporate today. >> it was a good report. >> it was a step in the right direction. >> inflation comes down. >> inflation is coming down. >> the fed has to be happy with these numbers. >> everything is lining up for i
this is bloomberg. ♪ j.p. morgan wealth management knows it's easy to get lost in investment research. get help with j.p morgan personal advisors. hey, david! ready to get started? work with advisors who create a plan with you, and help you find the right investments. so great getting to know you, let's take a look at your new investment plan. ok, great! this should have you moving in the right direction. thanks jen. get ongoing advice; and manage your investments in the chase mobile app. but...
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Jun 20, 2023
06/23
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jon: this is "bloomberg markets ." one of the things we wanted to talk about today is what is happening in the auto market. americans are taking auto loans that exceed that of the car value. that means car owners' loans are worth 125% of the vehicle value that could foreshadow higher delinquencies ahead. part of that is because we are trying to figure out where vehicle values go from here after skyrocketing as we came into the pandemic. matt: absolutely. consumers -- we are already having to stretch to buy cars. prices have risen so much. dealers are charging extra money over msrp. now that the rates are higher the loan becomes more expensive. as soon as you drive it off the lot, a new car becomes worth less. you do not get the degradation you had previously. but we already see delinquencies rising when you look at the auto loans. it is a concern that i think wall street is waking up to. jon: certainly watching it from the banking connection. we will be watching that, but it gets us to the stock of the hour which is ge
jon: this is "bloomberg markets ." one of the things we wanted to talk about today is what is happening in the auto market. americans are taking auto loans that exceed that of the car value. that means car owners' loans are worth 125% of the vehicle value that could foreshadow higher delinquencies ahead. part of that is because we are trying to figure out where vehicle values go from here after skyrocketing as we came into the pandemic. matt: absolutely. consumers -- we are already...
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Jun 12, 2023
06/23
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i'm john highland, this is bloomberg. katie: let's get it quick check on what's going on in the markets right now. gains on the s&p 500 are at 4/10 of 1%, so we are holding on to the bull market that we achieved last week, 20% gain from the lows we saw in october and we are actually almost back at the level that we were before the federal reserve started raising rates. we see the 10 year yield right now at three basis points, 376, 377 is the level they are. the dollar index is rising 1/10 of 1%. not a lot of movement there. oil continues to fall. wti is down 280 per barrel. jon: people dig into the crude selloffs, coming up. tech is leading the way, the usual suspects in that subgroup. discretionary stocks are doing well today. carnival in norwegian are up notably. jp morgan out with bullish commentary. navigating where the economy goes from here. and the news that we are tracking all session long and a couple of different sectors, certainly biotech has had shares of chinook after that huge deal in novartis with a big pay
i'm john highland, this is bloomberg. katie: let's get it quick check on what's going on in the markets right now. gains on the s&p 500 are at 4/10 of 1%, so we are holding on to the bull market that we achieved last week, 20% gain from the lows we saw in october and we are actually almost back at the level that we were before the federal reserve started raising rates. we see the 10 year yield right now at three basis points, 376, 377 is the level they are. the dollar index is rising 1/10...
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Jun 7, 2023
06/23
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if you have a bloomberg terminal type liv go. warner bros. stock is climbing -- cnn stock -- climbing after cnn fired the ceo. [office sounds] ♪upbeat music♪ ♪♪ ♪when the day that lies ahead of me♪ ♪♪ ♪seems impossible to face♪ ♪a lovely day (lovely day)♪ ♪(lovely day) (lovely day)♪ ♪(lovely day)♪ a bank that knows your business grows your business. bmo. the sleep number climate360 smart bed is the only smart bed in the world a that actively cools, busiwarms, and effortlesslys. responds to both of you for up to 44 minutes more restful sleep per night. save $1,500 on the sleep number climate360 smart bed. shop now only at sleep number. matt: looking back. we are looking at more closures. we told you there was a ground stop at laguardia. the faa stopping flights until 2:00 p.m. now we have a ground stop at new york airport and the laguardia ground stop has extended. we have a cloud -- a cloud is too small a word. we have a massive blanket of smoke covering the east coast. how often do we have wildfires on the can
if you have a bloomberg terminal type liv go. warner bros. stock is climbing -- cnn stock -- climbing after cnn fired the ceo. [office sounds] ♪upbeat music♪ ♪♪ ♪when the day that lies ahead of me♪ ♪♪ ♪seems impossible to face♪ ♪a lovely day (lovely day)♪ ♪(lovely day) (lovely day)♪ ♪(lovely day)♪ a bank that knows your business grows your business. bmo. the sleep number climate360 smart bed is the only smart bed in the world a that actively cools, busiwarms, and...