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May 17, 2023
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ed: investors or shareholders rejected a proposal for tesla to publish a key risk report and tesla's argument was if we put all of our talent in the shop window, our competitors will try to take them. do you still have a key man risk around elon musk? guest: i think there's a lot of focus on this question. what i broadly say is i would be a lot more concerned if he said he was stepping away from tesla. he is crucial to cross the autonomy finish line. autonomous driving lowers the cost per mile of right hail significantly. it's going to be a trillion dollar industry in the next five years. we've heard this question, so many times over the past five years. tesla, spacex, he was one of the founders of open ai. he has demonstrated he can juggle a lot and we are focused on his execution. given that tesla has the best cost relative to performance of any ev maker out there, he has already proved that he can juggle multiple things and succeed at it. ed: there was a demonstration of progress in optimists the humanoid bought. when you say that, does that give you a feeling they are making prog
ed: investors or shareholders rejected a proposal for tesla to publish a key risk report and tesla's argument was if we put all of our talent in the shop window, our competitors will try to take them. do you still have a key man risk around elon musk? guest: i think there's a lot of focus on this question. what i broadly say is i would be a lot more concerned if he said he was stepping away from tesla. he is crucial to cross the autonomy finish line. autonomous driving lowers the cost per mile...
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May 26, 2023
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ford has struck a deal with tesla to give drivers access to the tesla supercharger network, a rare deal between rivals meant to simply simplify recharging across the industry. that is driving stocks higher. the biggest move for ford in a single section in a year. matt: pretty amazing deal for ford drivers. the coveted supercharger network. there is like 45,000 supercharger plugs across the country. cathie wood, famously, big investor in tesla was on bloomberg tech. listen to what she had to say. [video clip] cathie: the company that gets a person in an autonomous vehicle from point a to point b as quickly and safely as possible is probably going to get the lion's share of the market and that will be, in the u.s., we believe, tesla. matt: she is betting on robo taxis. something for the future but we are focused on the here and now. we have auto reporter keith naughton with us out of detroit. talk about what this means for ford. it seems like a great deal for drivers of the ev's that they can charge at the supercharger stations. keith: absolutely. it is a big win for ford. clearly, that i
ford has struck a deal with tesla to give drivers access to the tesla supercharger network, a rare deal between rivals meant to simply simplify recharging across the industry. that is driving stocks higher. the biggest move for ford in a single section in a year. matt: pretty amazing deal for ford drivers. the coveted supercharger network. there is like 45,000 supercharger plugs across the country. cathie wood, famously, big investor in tesla was on bloomberg tech. listen to what she had to...
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May 26, 2023
05/23
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tesla getting a nice rally. ford and tesla may be charging infrastructure. they go on twitter to discuss it. nvidia up 1.8% after the enormous rally the previous day, adding 180 billion in one day to the market capitalization. we have only seen that three times in history on one single day. a $50 billion market cap for marbella -- marvell technology, showing artificial intelligence is the way for chipmakers. a rally as it shows that artificial intelligence could be driving future revenue growth. let's get into the ai rally. $200 million to get from ad powered silicone and it is going to growth to for her to million in fiscal 2024. mandeep: talking about 800 million now,. one thing is clear inventory bottoming is cleaned out for most of the chip makers. for the chip figures, we made it with nvidia, raising guidance by 40%. we didn't see that kind for guidance rates. caroline: remind us where marvell is offering in terms of networking and the ability to service what is basically a huge computer needed by everyone. mandeep: the big change is things are moving f
tesla getting a nice rally. ford and tesla may be charging infrastructure. they go on twitter to discuss it. nvidia up 1.8% after the enormous rally the previous day, adding 180 billion in one day to the market capitalization. we have only seen that three times in history on one single day. a $50 billion market cap for marbella -- marvell technology, showing artificial intelligence is the way for chipmakers. a rally as it shows that artificial intelligence could be driving future revenue...
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May 17, 2023
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when gm does and add, tesla benefits. we don't know how the size or scope of the spend, but it is a change of tack. alix: is it going to work? part of me is skeptical people don't know what it tesla is, but is this going to make a material difference in terms of the demand side of the equation? prices are already coming down. what else do we need a? ed: good point. the average selling price is often higher than a tesla vehicle, a change from the history of electric vehicles. the point is that ev's were expensive. if they were able took me to get that, that is what people like ross gerber -- when he said he wanted to run for a board seat, one proposal was to get tesla to do advertising. two better comedic eight when he saw as a good offering from tesla. interesting as well. since elon musk bought twitter, the tesla account has ramped up its activity and that is a form of advertising. guy: did you forget something? ed: i saw jonathan ferro rocking some shade and i take after my peers and mentors. guy: excellent. ed: this is
when gm does and add, tesla benefits. we don't know how the size or scope of the spend, but it is a change of tack. alix: is it going to work? part of me is skeptical people don't know what it tesla is, but is this going to make a material difference in terms of the demand side of the equation? prices are already coming down. what else do we need a? ed: good point. the average selling price is often higher than a tesla vehicle, a change from the history of electric vehicles. the point is that...
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May 17, 2023
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>> india and tesla have been flirting for several years now. tesla inc. in bengaluru, -- incorporated in bengaluru. the impasse around high import duties in india. elon musk has said has leveled manufacture anywhere that it cannot sell and service its cars. import duties in india make tesla cars too pricey to sell here. the indian government wants tesla to manufacture locally. that is something where conversations have been focused on. more than half of the 1.3 one million electric vehicles tesla manufactured last year and delivered globally were made in china. india is hoping to move a small portion of that here to india. can this visit move things forward? like you pointed out, we have the person who wrote that story joining us. this is a significant visit, as haslinda pointed out, what are we expecting from those talks? >> these executives from tesla are here this week. they are hoping to meet government officials including from the prime minister's office. the idea is to lobby india hard for a reduction in import taxes for vehicles. as well as do more
>> india and tesla have been flirting for several years now. tesla inc. in bengaluru, -- incorporated in bengaluru. the impasse around high import duties in india. elon musk has said has leveled manufacture anywhere that it cannot sell and service its cars. import duties in india make tesla cars too pricey to sell here. the indian government wants tesla to manufacture locally. that is something where conversations have been focused on. more than half of the 1.3 one million electric...
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May 30, 2023
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let's start with tesla -- elon musk is in china. in a statement issued by the chinese government, elon musk is quoted as saying tesla is against the decoupling with china and will continue to invest and grow its business in that market. the narrative boosting shares, broadcom -- up 4.7%. boosting their targets because they see it's a beneficiary in the ai hype cycle playing out right now and let's talk about nvidia. the stock up 5.7% as well. a $1 trillion market cap. the first chipmaker or semiconductor name to reach a trillion dollars, the ninth stock ever to do so. it joins an exclusive club along amazon, google and microsoft. we will see if we can maintain the current rate -- current gains as we head toward the close. it is a big moment for this company founded on the west coast in 1993. the ceo has been in taiwan the last 48 hours speaking often and driving momentum around those shares. i want to bring in ian king and talk about nvidia because we've got product announcements as well. what have we learned about their latest offe
let's start with tesla -- elon musk is in china. in a statement issued by the chinese government, elon musk is quoted as saying tesla is against the decoupling with china and will continue to invest and grow its business in that market. the narrative boosting shares, broadcom -- up 4.7%. boosting their targets because they see it's a beneficiary in the ai hype cycle playing out right now and let's talk about nvidia. the stock up 5.7% as well. a $1 trillion market cap. the first chipmaker or...
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May 17, 2023
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tom: was it, or does it speak to panic about the demand coming through from tesla? >> tesla currently has a huge amount more competition in the ev space than they did a couple years ago. potentially going to traditional marketing is the next logical step, because for a long time, tesla has built a brand off of elon musk, his twitter presence and the company has got just from word-of-mouth and press attention. now as the ev space sees a lot of traditional carmakers going to read and competition from china, -- go into it and competition from china, they will have to maintain market share. he acknowledged in an interview with cnbc after the agm that by focusing most of their marketing on word-of-mouth and twitter, he is essentially preaching to the converted. he needs to preach to a broader audience and to traditional marketing is the way to go for tesla. tom: excellent stuff, it terms of what we have been hearing from elon musk. another line that was interesting was around work from home. he has been making them come into the office 40 hours minimum a week. he said th
tom: was it, or does it speak to panic about the demand coming through from tesla? >> tesla currently has a huge amount more competition in the ev space than they did a couple years ago. potentially going to traditional marketing is the next logical step, because for a long time, tesla has built a brand off of elon musk, his twitter presence and the company has got just from word-of-mouth and press attention. now as the ev space sees a lot of traditional carmakers going to read and...
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May 31, 2023
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she is still attaching skyhigh valuations to tesla. because we talk about tesla all the time. it actually is the bark -- the biggest artificial intelligence play right now in our portfolios. the largest's innovation portfolio. why is this? because autonomous taxi platforms we believe all of the deliver by 2030 eight to $10 trillion in revenue from almost zero right now. think about that. eight to 10 for nine dollars in revenue is almost half of the size of the u.s. economy. we think it will submit to national geographic technologies. perhaps elsewhere. you'll be surprised at seeing who is going to -- many people think it is just hardware and software stocks. while they advertised. tesla, many people think is an honor stock. we don't think that, we think it is much more than that. we think it is one of the biggest ai opportunities out there. " contrary to sell? maxwell, right now, we are in on this, tesla's are roughly $200. we believe in five years, if our research is corrupt, important, autonomous technology. if we are not right on autonomous, we still think tesla meets over
she is still attaching skyhigh valuations to tesla. because we talk about tesla all the time. it actually is the bark -- the biggest artificial intelligence play right now in our portfolios. the largest's innovation portfolio. why is this? because autonomous taxi platforms we believe all of the deliver by 2030 eight to $10 trillion in revenue from almost zero right now. think about that. eight to 10 for nine dollars in revenue is almost half of the size of the u.s. economy. we think it will...
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May 17, 2023
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going forward, tesla needs to find a broader audience. they need to find were a discussion is at a lower price point, trying to appeal to other people. there is a lot of criticism that elon musk has now acknowledged, that the current way of doing advertising through social media, he is preaching to the converted. manus: thank you so much. aggi on the latest from elon musk. now he is up to the possibility of testing the market with advertising. do you ever dream of working from home again? dani: no. i refuse to ever work from home again. it is clunky in our job. but that is just us. there are plenty of people working from home and are happy about that. manus: the one thing is that americans are not willing to relocate or a new job. cannot move, will not move. that because rates are so expensive tove? i don't know. dani: that is it for us. this is bloomberg. ♪ we moved out of the city so our little sophie could appreciate nature. but then he got us t-mobile home internet. i was just trying to improve our signal, so some of the trees had t
going forward, tesla needs to find a broader audience. they need to find were a discussion is at a lower price point, trying to appeal to other people. there is a lot of criticism that elon musk has now acknowledged, that the current way of doing advertising through social media, he is preaching to the converted. manus: thank you so much. aggi on the latest from elon musk. now he is up to the possibility of testing the market with advertising. do you ever dream of working from home again? dani:...
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May 12, 2023
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we are down 1.5% on tesla. a lot of this has to do with the markets parsing what's going on at twitter. caroline: elon musk is stepping back as twitter ceo in the coming weeks and reports name linda yaccarino as his successor. let's bring in our guest. comcast is down on the news that they are losing this chief. we assume finally someone who gets advertising paired with someone who gets technology. guest: it's huge. twitter's advertising revenue has declined about 50% may be more since elon musk took over. he is alienated a lot of advertisers with some of his erratic getting into a spat with a former disabled employee and making comments that were perceived by some to be sexist. a lot of this has driven advertisers away. bringing in someone like linda who has such deep experience in the industry, that could be huge for twitter and rebuilding trust with advertisers. ed: elon musk as tweeted in the last 15 minutes. he says i am excited to welcome linda as the new ceo of twitter. there you have it, official confir
we are down 1.5% on tesla. a lot of this has to do with the markets parsing what's going on at twitter. caroline: elon musk is stepping back as twitter ceo in the coming weeks and reports name linda yaccarino as his successor. let's bring in our guest. comcast is down on the news that they are losing this chief. we assume finally someone who gets advertising paired with someone who gets technology. guest: it's huge. twitter's advertising revenue has declined about 50% may be more since elon...
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May 31, 2023
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tesla right now is too high. cathie: tesla is roughly at $200. we believe in five years, 2027, it will be a $2000 stock if our research is correct. importantly, autonomous technology takes it there. if we are not right on autonomous, we still think that tesla meets our 15% compound annual rate of return hurdle requirement, which means it would be at least a $400 stock just because of the massive shift toward electric vehicles during the next five years. shery: we know that elon musk has been meeting with the top leadership in china. what do you make of that visit and how important is this market? cathie: elon has always said he has been so impressed by the political leaders in china. he goes into the cities and the mayors of cities very often are engineers and they know exactly what he's talking about. i think he thinks china is very fertile ground to become an exporter of tesla vehicles, as it already is. that is very high-end exports which china wants. of course it wants ev's to proliferate in china, but it has
tesla right now is too high. cathie: tesla is roughly at $200. we believe in five years, 2027, it will be a $2000 stock if our research is correct. importantly, autonomous technology takes it there. if we are not right on autonomous, we still think that tesla meets our 15% compound annual rate of return hurdle requirement, which means it would be at least a $400 stock just because of the massive shift toward electric vehicles during the next five years. shery: we know that elon musk has been...
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May 12, 2023
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it's the same way he does at tesla. she will focus on the relationship of advertisers and get on with beingcto. he said he will remain executive chair which is an interesting role. alix: he's been successful with that with spacex where he's been involved but let the ceo do her job. ed: the coo. alix: can that be the same kind of thing? ed: twitter is not the same as it was in april of last year when this process started. there is a subscription model in addition to the ads but the + is what needs to be fixed. everyone asked the question, who would work with elon musk? that's a part of the deliberation. guy: twitter ads don't appear to be as well targeted as other platforms. is her job to fix the data as much relationships? ed: i think a big part of what elon musk has done is on the underlying algorithm in the relevance of where ads appear in your timeline. whether you are a twitter blue subscriber has an impact on that because it filters content and prioritizes your content if you have that subscription status. yacarino
it's the same way he does at tesla. she will focus on the relationship of advertisers and get on with beingcto. he said he will remain executive chair which is an interesting role. alix: he's been successful with that with spacex where he's been involved but let the ceo do her job. ed: the coo. alix: can that be the same kind of thing? ed: twitter is not the same as it was in april of last year when this process started. there is a subscription model in addition to the ads but the + is what...
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May 3, 2023
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tesla is about 3% of the automotive market. so, there are many other automated firms who can choose rare earths as their technology. haidi: i was appreciate your time. amanda lacaze the ceo and managing director at lynas rare earths. back to you guys. rishaad: thanks. haidi stroud-watts at the macquarie australia conference. we are looking at a spat with icahn. hitting a short seller hindenburg. yvonne: not before his fortune takes a $10 billion hit. we have details on the battle of the titans. next on bloomberg. ♪ (♪♪) this electric feels different... because it's powered by the most potent source of energy there is ... you. this is the lexus variety of electrification ... inspired by, created for and powered by you. ♪ guests check in, then check out their phones - for financial insights from merrill. this gentleman? he's learning how carbon-neutral investments could energize his portfolio. and with advice from their merrill advisor, they've decided that the future is women-led startups. she's got a million followers,
tesla is about 3% of the automotive market. so, there are many other automated firms who can choose rare earths as their technology. haidi: i was appreciate your time. amanda lacaze the ceo and managing director at lynas rare earths. back to you guys. rishaad: thanks. haidi stroud-watts at the macquarie australia conference. we are looking at a spat with icahn. hitting a short seller hindenburg. yvonne: not before his fortune takes a $10 billion hit. we have details on the battle of the titans....
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May 30, 2023
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it's not high given that she famously have a $3000 price hike for tesla, 75 times tesla sales. and she thinks bitcoin can hit $1 million in the next decade. so high valuation is not something she should complain about. i think if she stays quiet it might not be that bad but not if she comes out with her defense, it just numbs across very weak. manus: you're also quite skeptical. you talk about the valuations, 25 times sales, and you would say in her defense she's interested in the next nvidia. you are quite scathing on that, you say it is nothing more than an afterthought in the ai battle. that's quite brutal. shuli: i tried not to be, but unfortunately the macro conditions have changed. arc funds did very well when the fed was pumping a lot of liquidity into the market. nowadays, things have changed. we have a recession looming, the fed is done with rate hike -- the fed is not quite done with rate hikes. investors have come around to the potential of ai but they want to play it safe as well. that's where big tech comes from. we heard from the nvidia ceo, he was very aggressive
it's not high given that she famously have a $3000 price hike for tesla, 75 times tesla sales. and she thinks bitcoin can hit $1 million in the next decade. so high valuation is not something she should complain about. i think if she stays quiet it might not be that bad but not if she comes out with her defense, it just numbs across very weak. manus: you're also quite skeptical. you talk about the valuations, 25 times sales, and you would say in her defense she's interested in the next nvidia....
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May 12, 2023
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speaking of cleaner energy, tracking tesla shares, a choppy day of action for tesla as investors are keeping tabs on what was happening with twitter and elon musk making it official with linda yaccarino set to take over the ceo job. we will watch what is happening with tesla shares. we are watching what is happening within the financials sector. schwab, getting some attention, talking about some asset boosts it saw last month. that is supporting the stock, up close to percent right now. some regional bank fitters are still here, evidence through pac west currently down close to 2%. matt: pac west has been beaten down a lot more than that over the past couple of months. traders keeping a close eye on the debt ceiling standoff in bc -- d.c. in our exclusive interview with treasury secretary yellen this morning, she said there is only one ideal solution. [video clip] >> if congress does not raise the debt ceiling, we face economic and financial catastrophe one way or the other. that is why our focus is on making sure the congress does raise the debt ceiling. i feel that is something we
speaking of cleaner energy, tracking tesla shares, a choppy day of action for tesla as investors are keeping tabs on what was happening with twitter and elon musk making it official with linda yaccarino set to take over the ceo job. we will watch what is happening with tesla shares. we are watching what is happening within the financials sector. schwab, getting some attention, talking about some asset boosts it saw last month. that is supporting the stock, up close to percent right now. some...
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May 2, 2023
05/23
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tesla was one of the only games in town. i mean we have seen the slate of ev's out there. >> 10% of total cost in the united states, 90% ric ease. let's go to europe. europe is at 15%. there is no question demand will be there at the portable prices. there is room for everybody. we positioned at the lecture and, luxury, experience, performance. we have the most efficient ev out there today. tesla beats everybody else. but we have to make it affordable. so we are just rolling out our suv. the total available market for acv are higher. but your point, to get conversion away from internal combustion engines you need to lower the price point which is what everybody is working on. tesla got there, and of course they have scale. everyone else is getting scale. >> you are trying to get that scout. a big part of that strategy is actually tied to your work in the middle east, shaklee south -- saudi arabia. i know they have been very accommodating building out the manufacturing facilities, but -- create an ee strategy. why are they do
tesla was one of the only games in town. i mean we have seen the slate of ev's out there. >> 10% of total cost in the united states, 90% ric ease. let's go to europe. europe is at 15%. there is no question demand will be there at the portable prices. there is room for everybody. we positioned at the lecture and, luxury, experience, performance. we have the most efficient ev out there today. tesla beats everybody else. but we have to make it affordable. so we are just rolling out our suv....
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May 15, 2023
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and he got details of the new twitter ceo and the idea being that elon musk will be more focused on tesla and less distracted at twitter. we are getting back to the gains around a 10th of a percent. the big story is that the european union has approved microsoft deal to buy activision blizzard for $69 billion. we will get into the details on what it means for the cloud winning -- the cloud getting bought -- market. -- the cloud gaming market. it is modest, 2/10 of what -- up to tenths of 1%. bloomberg reporting that microsoft's cloud unit is a subject of scrutiny for regulators. caroline: a bit busy, others focus on competition and pushing against it. we have our senior litigation analyst and we have a legal reporter. catherine, was it a surprise to see the eu take a different stance from the u.k.? >> no. this wasn't an we were anticipating the european commission would accept this deal with bree april -- with behavioral remedies. this includes rivals would have access to the games in 10 years and that allows the data -- to be competitive. ed: they say that actually this is going to be pr
and he got details of the new twitter ceo and the idea being that elon musk will be more focused on tesla and less distracted at twitter. we are getting back to the gains around a 10th of a percent. the big story is that the european union has approved microsoft deal to buy activision blizzard for $69 billion. we will get into the details on what it means for the cloud winning -- the cloud getting bought -- market. -- the cloud gaming market. it is modest, 2/10 of what -- up to tenths of 1%....
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May 8, 2023
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that is interesting, tesla is worth 545 billion dollars, a heck of a lot more. let us get more insight on the eeev market in the form of ev's driving giant trucks, jonathan randall joins us. they now offer to electric models, which i think is so fascinating. we are not talking about the long haul big rigs, you are offering electric vehicles that get goods down the last mile. jonathan: correct. thanks for having me on, it is a pleasure to join you. anywhere from 26,000 pounds up to 80,000 pounds when you talk about the electric garbage truck , so we went first into the market with what we call the lre , an industry that mack has orbited for a long time it is successful. a few months ago, launched the medium duty electric to the market and we will start production later this year on that for pickup and delivery applications. jon: in terms of battery size, how important was it to get the math right when it came to the size and ability of the trucks to deliver what you want them to deliver? jonathan: it is a balancing act for us. when you talk about trucks, year to
that is interesting, tesla is worth 545 billion dollars, a heck of a lot more. let us get more insight on the eeev market in the form of ev's driving giant trucks, jonathan randall joins us. they now offer to electric models, which i think is so fascinating. we are not talking about the long haul big rigs, you are offering electric vehicles that get goods down the last mile. jonathan: correct. thanks for having me on, it is a pleasure to join you. anywhere from 26,000 pounds up to 80,000 pounds...
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May 22, 2023
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look at china and at tesla. they have reduced prices on model y. it goes up and down, but it is pretty far down. they had a big head start, kind of like what we do on throat. now they are seeing more pressure. we will definitely see that, especially in the crossover. we are thinking 50 to 100 new models. the lot of people want to grow. it will be a great time to buy electric. we are weak really in ev -- where we compete really in ev trucks. commercial vehicles, we do not see as much price competition because there is not as much choice there. guy: jim farley, ford ceo, speaking with matt miller. back, what i heard was volume is going to go up, arbitration is going to go up, prices will probably come down and even the -- unevenly, margins as well. is that the take away? matt: i think generally that is the take away. the panel behind me is still taking q&a from analysts. they are talking about a 17 million event. that may be where they see the industry going. they want to boost their margins on electric arms to 8%. now they lose $3 billion a year on
look at china and at tesla. they have reduced prices on model y. it goes up and down, but it is pretty far down. they had a big head start, kind of like what we do on throat. now they are seeing more pressure. we will definitely see that, especially in the crossover. we are thinking 50 to 100 new models. the lot of people want to grow. it will be a great time to buy electric. we are weak really in ev -- where we compete really in ev trucks. commercial vehicles, we do not see as much price...
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May 31, 2023
05/23
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tesla down 2%, elon musk over in china. elon musk was photographed having dinner at a restaurant in china. he eats at restrooms like the rest of us. not sure that has much weight on the stop. action in the two spaces interesting. intel is making significant gains, now up 4%. have been higher earlier. it will be coming up in the upper half of its previously guided projection which is giving investors confidence. nvidia is down 3.7 percent. we are coming off of record closes tuesday evening and 24 hours after nvidia touched a $1 trillion market cap for the first time. caroline: we have to think about profit-taking more broadly because a lot of the rally we have seen this year has been touched -- has been from very few names. partner and portfolio manager over at advisors capital management, welcome to the show. i read your notes with real interest. we were still trying to buddy through the macro. talk to us how about how important a certain few names of tech stocks have been to the rally so far this year. >> we get a lot of i
tesla down 2%, elon musk over in china. elon musk was photographed having dinner at a restaurant in china. he eats at restrooms like the rest of us. not sure that has much weight on the stop. action in the two spaces interesting. intel is making significant gains, now up 4%. have been higher earlier. it will be coming up in the upper half of its previously guided projection which is giving investors confidence. nvidia is down 3.7 percent. we are coming off of record closes tuesday evening and...
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May 30, 2023
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last week, ford tapped into tesla's supercharger network. jeffries is pretty encouraged about what it is seeing on the execution front of the company. shares are up about 4%. anheuser-busch under pressure. new data suggesting that there is notable softness in bud light sales, as a company continues to figure out its marketing plans going forward. >> all right. interesting move there in ab shares. even as president but and speaker mccarthy actively lobby for votes on the deal, many believe the worst of this process is behind this. >> everything i'm seeing come out of this negotiation gives me a source of optimism and thankfulness that we are going to get past this. >> i think the clown show is over. i think there's a 100% chance this passes next week and we are done with this for the time being. >> this deal is pretty good. it's not great. it's not perfect. but no deal ever is. i'm very satisfied with it. >> i think global financial markets and economic watchers more broadly will be breathing a big sigh of relief. >> we have seen some of that
last week, ford tapped into tesla's supercharger network. jeffries is pretty encouraged about what it is seeing on the execution front of the company. shares are up about 4%. anheuser-busch under pressure. new data suggesting that there is notable softness in bud light sales, as a company continues to figure out its marketing plans going forward. >> all right. interesting move there in ab shares. even as president but and speaker mccarthy actively lobby for votes on the deal, many believe...
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May 31, 2023
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tesla ceo yuan musk has met government officials on the second day of his trip to china. he met with china's minister for information technology. the pair exchanged views on the development of energy vehicles and intelligent connected vehicles. photos on chinese social media showed him visiting the ministry of commerce. jp morgan ceo jamie dimon testified that a former head of private banking could have decided to drop jeffrey epstein according to a newly released transcript of jamie dimon's deposition. they accuse the bank of benefiting. jp morgan's general counsel stephen cutler would have had the ultimate authority to cut ties with epstein. global news, 24 hours a day. on air and on bloomberg quicktake, powered by more than 2700 journalists and analysts in over 120 countries. i'm vonnie quinn. this is bloomberg. paul: still to come, as china rolls out the red carpet for u.s. business leaders we take a closer look at president xi jinping's efforts to boost trade relations and the economy. up next, economic implications of the u.s. debt deal with ubs chief economist. thi
tesla ceo yuan musk has met government officials on the second day of his trip to china. he met with china's minister for information technology. the pair exchanged views on the development of energy vehicles and intelligent connected vehicles. photos on chinese social media showed him visiting the ministry of commerce. jp morgan ceo jamie dimon testified that a former head of private banking could have decided to drop jeffrey epstein according to a newly released transcript of jamie dimon's...
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May 22, 2023
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business, you want to do 10% overall to like the 17% that tesla has. do you get up there or do they eventually see margin pressure? >> it's a good question. both are going to happen. we are seeing -- look at what is happening in china with b.y.d. look what is happening with tesla. they reduced their prices on their main product, $5,000. it goes up, it goes down, but it's far down. i think they have had the market to themselves, big head start, like what we do on pro. and now they're seeing a lot more pressure obviously. i think we are going to definitely see that especially in the crossover. we think there will be 100 new models. a lot of people want to grow, so there will be -- it will be a great time to buy a two row electric vehicle. where we compete really in e.v. pickup trucks, three row crossovers that we will show people today, and the commercial vehicle, e.v. commercial vehicles, we don't see as much price competition because not as many vehicle choices there. alix: so matt, i take a look at the stock chart today. it's down by half a percent. i
business, you want to do 10% overall to like the 17% that tesla has. do you get up there or do they eventually see margin pressure? >> it's a good question. both are going to happen. we are seeing -- look at what is happening in china with b.y.d. look what is happening with tesla. they reduced their prices on their main product, $5,000. it goes up, it goes down, but it's far down. i think they have had the market to themselves, big head start, like what we do on pro. and now they're...
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May 19, 2023
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let's take a quick check on tesla. we've got more on a key story of international growth or supply chain for this particular business. how are they eyeing india at the moment? that is next. from new york, this is bloomberg. ♪ caroline: it is time for talking tech. first, alpha, one of india's hottest tech companies, has been accused of -- $5 million. alpha faces a lawsuit over who should control the company. the dispute is the latest setback for the biggest education technology -- company in the world. a group of tesla executives traveled to the country to talk about locally sourcing components and government incentives, but stop short of proposing manufacturing in the country. that is why tesla will make a domestic factory in india. it is concerned about india's high terrace. in other musk related news, his lawyer accusing the company of violating its data agreement with twitter. the letter says microsoft has accessed twitters data for an extended period of time and comes on the heels of microsoft's moves to drop tw
let's take a quick check on tesla. we've got more on a key story of international growth or supply chain for this particular business. how are they eyeing india at the moment? that is next. from new york, this is bloomberg. ♪ caroline: it is time for talking tech. first, alpha, one of india's hottest tech companies, has been accused of -- $5 million. alpha faces a lawsuit over who should control the company. the dispute is the latest setback for the biggest education technology -- company in...
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May 23, 2023
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look at what is happening in china with byd and what is happening with tesla. they have reduced their prices on model why their main product by 5000 or $7,000. it goes up and down but is pretty far down. they have had the market to themselves and had a big head start kind of like what we do on pro. now they are seeing a lot more pressure obviously. i think we are going to definitely see that especially in the two row crossover. we think there will be 50-100 models. a lot of people want to grow. it is going to be a great time to buy a two row electric ev for customers like markey. where we compete really in ev pickup trucks, three row crossovers that we will show people today, and the commercial vehicle, ev commercial vehicles. we don't see as much price petition because there's not as many vehicles or choices there. dani: ford ceo jim farley there with bloomberg's matt miller on competing with tesla. let's get you your first word news with adrian wong in hong kong. adrian: accident biden says he and house speaker kevin mccarthy had productive talks and agreed t
look at what is happening in china with byd and what is happening with tesla. they have reduced their prices on model why their main product by 5000 or $7,000. it goes up and down but is pretty far down. they have had the market to themselves and had a big head start kind of like what we do on pro. now they are seeing a lot more pressure obviously. i think we are going to definitely see that especially in the two row crossover. we think there will be 50-100 models. a lot of people want to grow....
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May 2, 2023
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tesla got there, they have ale. -- they have scale. romaine: a big part of that strategy, is that tied your work with saudi arabia? they have been building out manufacturing facilities. why are they doing this? andrew: the point about old and new. that is a 20th century finishing. the saudi government is saying there is a transition. most of our income in the 20th century was from oil and gas. in the 21st century it will be diversified sources. i have to add value to my economy by using my human capital and new technologies. i will build a battery supply chain. other sectors, use the cash i get from oil and gas diversified my economy from my single dependency. romaine: what is the role of fossil fuels in the ev world? andrew: we will have them, but we will lower emissions. we will be backing out of coal, liquids for power, we will use gas for power. we will make hydrogen and ammonia for power. then we won't have carbon. on the use side, we will have carbon capture and storage take carbon out of the methane with that we will get to a po
tesla got there, they have ale. -- they have scale. romaine: a big part of that strategy, is that tied your work with saudi arabia? they have been building out manufacturing facilities. why are they doing this? andrew: the point about old and new. that is a 20th century finishing. the saudi government is saying there is a transition. most of our income in the 20th century was from oil and gas. in the 21st century it will be diversified sources. i have to add value to my economy by using my...
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May 31, 2023
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tesla is planning to give an early glimpse to its revamped model 3 sit and -- sedan. sources tell us the first cars coming off the line on thursday our prototypes and will be slightly longer and sportier than the earlier version. tesla is facing pressure to refresh its product line in china, the second-biggest market after the u.s. shares of lucid group falling sharply in trading is the company reportedly eyes raising fresh capital. sources: bloomberg the ev makers is raising $3 billion with the majority of the money coming from the saudi public investment fund, the kingdom's main sovereign wealth fund is lucid's largest holder. paul: we will be speaking to the u.k. trade commissioner for the asia-pacific natalie black as a trade deal with australia and new zealand comes into force on may 31. let's take a look at asian markets right now, what to expect when we get the open at the top of the next hour. futures in australia looking soft, off by .2 of 1%. aussie dollar holding just above the $.65 u.s. level ahead of the rba meeting. nikkei futures largely unchanged, the
tesla is planning to give an early glimpse to its revamped model 3 sit and -- sedan. sources tell us the first cars coming off the line on thursday our prototypes and will be slightly longer and sportier than the earlier version. tesla is facing pressure to refresh its product line in china, the second-biggest market after the u.s. shares of lucid group falling sharply in trading is the company reportedly eyes raising fresh capital. sources: bloomberg the ev makers is raising $3 billion with...
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May 3, 2023
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while tesla has been making price cuts and others are following, vw, bmw, renault, which we have heard about previously have stayed strongly to a value over volume pricing strategy. they are sticking to that for the moment. the question is how much longer they can do that if we see the supply/demand balance shift through the rest of the year. certainly, as christoph was saying, we expect the more premium brands like bmw and ferrari to stick to that pricing strategy. guy: these are big, global brands, have exposure to the united states, europe, china. how different are those regions when it comes to that supply/demand balance? anna-marie: we are seeing differences. for example, we have seen more price cuts in the u.s. than we have in europe. i think demand is still strong in europe. we also have a different dynamic in the u.s. at the moment with the impact of the ira, what that means for incentives. we are dealing with some very different market dynamics. then we have seen, as you said, in terms of energy demand, softer demand that we may have expected in the autos market in china. carm
while tesla has been making price cuts and others are following, vw, bmw, renault, which we have heard about previously have stayed strongly to a value over volume pricing strategy. they are sticking to that for the moment. the question is how much longer they can do that if we see the supply/demand balance shift through the rest of the year. certainly, as christoph was saying, we expect the more premium brands like bmw and ferrari to stick to that pricing strategy. guy: these are big, global...
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May 31, 2023
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to tour the tesla shanghai factory later today. global news powered by more than 2700 journalists and analysts in over 120 countries, this is bloomberg. ♪ all about china. alix: let's stay with that. jpmorgan chase ceo and chairman jamie dimon sitting down at the base global summit today in china and they talked about the future of the fed. >> the financial system in america in the economy of america is the most prosperous and largest economy with the most innovative and the most growing and the rest of the world relies on it. i think we shouldn't create any instability there. one day i hope we get rid of the whole debt ceiling thing but i understand it's a democracy and people of different opinions about which we should be doing and it's one tool for one party to get the other party to the table. i'm quite optimistic there and i do applaud the fact that they sat down and spoke got something done. >> what is your read on inflation whether the fed will go beyond the pause and hike again? >> my simple view is that there's been a bi
to tour the tesla shanghai factory later today. global news powered by more than 2700 journalists and analysts in over 120 countries, this is bloomberg. ♪ all about china. alix: let's stay with that. jpmorgan chase ceo and chairman jamie dimon sitting down at the base global summit today in china and they talked about the future of the fed. >> the financial system in america in the economy of america is the most prosperous and largest economy with the most innovative and the most...
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May 31, 2023
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jonathan: it's not just nvidia, meta, amd, salesforce, tesla. just on tesla, i read a fantastic piece yesterday, it's all about fidelity, cutting the valuation of twitter but the last line of the story should have been the first line because the last line of the story was this -- despite twitters issues, elon musk wealth is up more than $48 billion this year. here we are throwing mud at elon musk because he paid $44 billion for something that's worth nowhere near but his wealth is up more than $50 billion. i get it but it's funny to me to see the last line of the story which should have been the first line. lisa: it probably underscores what people feel and why everyone is potentially going after him because he was -- if he was getting kicked in the head, people would say maybe that's enough. jonathan: he's doing ok. better than ok. your equity market in the s&p 500 is negative point 2%. on the nasdaq, we've been flying this year. yields come back down on the bond market. there is the move on the euro, back down to $1.06. tom: oil is 68 dollars
jonathan: it's not just nvidia, meta, amd, salesforce, tesla. just on tesla, i read a fantastic piece yesterday, it's all about fidelity, cutting the valuation of twitter but the last line of the story should have been the first line because the last line of the story was this -- despite twitters issues, elon musk wealth is up more than $48 billion this year. here we are throwing mud at elon musk because he paid $44 billion for something that's worth nowhere near but his wealth is up more than...
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May 22, 2023
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the battery based market has exported, tesla in the u.s., a weighty in china, accelerating that trend -- transition into that electric vehicles. and toyota and other automakers are feeling the pressure for not having viable or mass-market battery based vehicles to compete against the likes of tesla and byd. and so what you're hearing a lot of as we saw over the weekend on the sidelines of the g7 is this argument you need a multipath approach to the future and the answer to that we are not going to get until five or 10 years as to whether that was in fact the right strategy and the right call or not. >> so the alternative to alternatives are what, then, is your sense? >> it's kind of boring, but the one that is right in front of us right now is the hybrid market. for example, ghetto, the amount of carbon that is necessary in order not just to build a hybrid vehicle but also run it is actually comparable if not lower to a battery based electric vehicle and the argument goes, it's a bit complicated but it goes that it is carbon intensive to make a battery based electric vehicle, but you
the battery based market has exported, tesla in the u.s., a weighty in china, accelerating that trend -- transition into that electric vehicles. and toyota and other automakers are feeling the pressure for not having viable or mass-market battery based vehicles to compete against the likes of tesla and byd. and so what you're hearing a lot of as we saw over the weekend on the sidelines of the g7 is this argument you need a multipath approach to the future and the answer to that we are not going...
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May 31, 2023
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musk is expected to tour tesla's shanghai factory later today. north korea confirmed an effort to launch a military spy satellite into orbit failed today. a rocket crashed into the yellow sea. the launch is initially prompted missile alerts in both japan and south korea. pyongyang says it will attempt another launch soon. global news powered by more than 2700 journalists and analysts in more than 120 countries. dani: thank you very much. let's talk banking. bloomberg has learned that goldman sachs is considering another round of job cuts. this would be the bank's third round of layoffs in under a year. the announcement we got from goldman in january was that they would be axing 3000 jobs. so this adds to that. they are trying to put in major cost cuts, too. manus: the cfo announced $1 billion, that was the original target. they will go for 250 positions, the more senior employees, that means the variable comp component will be taken out with a much bigger fixed line cost to go. but i am looking back at some of the others. lazard going for 10% of
musk is expected to tour tesla's shanghai factory later today. north korea confirmed an effort to launch a military spy satellite into orbit failed today. a rocket crashed into the yellow sea. the launch is initially prompted missile alerts in both japan and south korea. pyongyang says it will attempt another launch soon. global news powered by more than 2700 journalists and analysts in more than 120 countries. dani: thank you very much. let's talk banking. bloomberg has learned that goldman...
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May 4, 2023
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i spoke to them about pricing and whether they will have a price war with tesla. he said they need to maintain margins and look at costs but that is the fisher-- fissure going forward. francine: bmw is marketing to the higher end to make up the cost. oliver: they know how to make money on ice's and get strong margins. they need to take that mono -- money and funnel into r&d and electric offerings to hopefully attain margins like tesla at some point. for bmw they had to billion euro share buybacks is going to be a factor in the market today. all the things that created a margin for them. 12.1% beating the range of estimates or 7%. if you look at the sales volumes, and the americas up 11.4%. in europe, down to percent. china down 6.6%. a strong quarter across the auto market but very guarded on the outlook. francine: i am a fee at girl -- fiat girl. for ferrari if i could afford it. tom: beautiful day there. francine: oliver crook, thank you so much. always vintage. oliver crook in berlin. let's get to the bloomberg first word news samuel etienne. samuel: volodymyr
i spoke to them about pricing and whether they will have a price war with tesla. he said they need to maintain margins and look at costs but that is the fisher-- fissure going forward. francine: bmw is marketing to the higher end to make up the cost. oliver: they know how to make money on ice's and get strong margins. they need to take that mono -- money and funnel into r&d and electric offerings to hopefully attain margins like tesla at some point. for bmw they had to billion euro share...
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May 31, 2023
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musk is expected to tour tesla's shanghai factory later today. theranos founder elizabeth holmes has reported to prison to start her 11 year sentence for defrauding investors over the company's unreliable blood testing technology. a federal court convicted holmes of wire fraud and conspiracy last year with her final appeal failing last month. the 39-year-old is being held in a minimum security prison in houston. >> -- we are onto the next thing. nvidia is a hardware stuck with some software, but the history of hardware and software is the bigger beneficiary over time. it is going to be software. francine: that is the ark invest chief officer cathie wood. coming up, the appointment of the next bank of italy successor will be the biggest that the pm gets to make. meloni will get five months to replace him. our reporter joins us now with the latest. what kind of decision can we expect from giorgia meloni? >> for giorgia meloni, this is a situation coming up that is the biggest she has to make yet. it is not only an important figure for italian and e
musk is expected to tour tesla's shanghai factory later today. theranos founder elizabeth holmes has reported to prison to start her 11 year sentence for defrauding investors over the company's unreliable blood testing technology. a federal court convicted holmes of wire fraud and conspiracy last year with her final appeal failing last month. the 39-year-old is being held in a minimum security prison in houston. >> -- we are onto the next thing. nvidia is a hardware stuck with some...
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May 25, 2023
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xpeng reported a quarterly loss after getting into a price for smart like tesla -- sparked by tesla. xpeng expects to deliver 22,000 vehicles this quarter. snowflake shares plunged after it sales outlook for the quarter fell short of expectations. it reduced its fiscal year revenue outlook, suggesting companies are trimming spending on the cloud amid uncertain economic conditions. dani: coming up, we will talk more about the tech story. it is nvidia surging 25% in after-hours trade after giving a limbs of strong demand for ai prot -- glimpse of strong demand for ai performance. this is bloomberg. ♪ dani: booming demand for ai processors has swelled nvidia's sales forecast for this quarter. the chipmaker gained as much as 24% in u.s. trading after the market, with its rival amd jumping as well. nvidia supplier tsmc is also up decisively this morning along with other asia-based peers. let's get into the hype with our tech reporter. maybe it is not just hype, it is a earnings, but up 25%, why is nvidia the real winner around the bullishness around ai? >> what nvidia provides is the bu
xpeng reported a quarterly loss after getting into a price for smart like tesla -- sparked by tesla. xpeng expects to deliver 22,000 vehicles this quarter. snowflake shares plunged after it sales outlook for the quarter fell short of expectations. it reduced its fiscal year revenue outlook, suggesting companies are trimming spending on the cloud amid uncertain economic conditions. dani: coming up, we will talk more about the tech story. it is nvidia surging 25% in after-hours trade after giving...
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May 30, 2023
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the tesla chief already met with foreign minister and said the company is willing to keep expanding in the country. sources tell bloomberg musk is expected to meet with the premier as well as visit tesla shanghai factory. russia set it down to eight drones aimed at moscow earlier today the biggest attack then capital since the start in the war in ukraine. the kremlin has intensified its bombing campaign ahead of a long awaited with ukrainian counteroffenses to overtake the territory to the country's south and east. ukraine has obtained billions of dollars of weapons for the military assault. georgia's president is promising a team with "international credibility" to manage the nation's finances. new cabinet is expected to be named this week after turkey's longest serving leader extended his rule by another five years the most significant potential appointment would be a market-friendly former finance minister. the you're weekend set a center low. when diamond sets the stage on wednesday, he will face a business landscape that looks different from his visit four years ago. in 2019, the
the tesla chief already met with foreign minister and said the company is willing to keep expanding in the country. sources tell bloomberg musk is expected to meet with the premier as well as visit tesla shanghai factory. russia set it down to eight drones aimed at moscow earlier today the biggest attack then capital since the start in the war in ukraine. the kremlin has intensified its bombing campaign ahead of a long awaited with ukrainian counteroffenses to overtake the territory to the...
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May 29, 2023
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the tesla ceo is expected to meet senior chinese officials and visit the company shanghai factory. it would be his first trip in three years. tesla shanghai plan to come from more than half its global production and more than 2022 in the facility cannot produce a million cars a year. chinese president xi jinping is calling on officials to increase efforts to build a high-quality education system that has created a global influence. he says china needs to set up world-class universities offering scientific courses that meet the nations major strategic means and attract more overseas students. the call to step up comes as the country continues with rising youth employment. president biden said his team is reaching out some embers of congress to get them to vote for the debt ceiling deal. republican senator mitt romney says he will already backed the bill and so has the leader of the moderate coalition of house democrats. biden and house speaker kevin mccarthy had expressed confidence their proposal will pass and prevent an unprecedented default on u.s. debt. those were the first word
the tesla ceo is expected to meet senior chinese officials and visit the company shanghai factory. it would be his first trip in three years. tesla shanghai plan to come from more than half its global production and more than 2022 in the facility cannot produce a million cars a year. chinese president xi jinping is calling on officials to increase efforts to build a high-quality education system that has created a global influence. he says china needs to set up world-class universities offering...
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May 26, 2023
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dani: tesla is the poster child. something you can hold and drive. joining us now is stephen yiu, cio of hedge fund blue whale capital. and nvidia is their largest holding. you must be feeling good today. what do you do after a day like yesterday when you see your biggest holding add $180 billion in market cap? do you add more? stephen: thank you, dani. that morning. we are feeling a lot better than six months ago. there was talk of nvidia going to a trillion dollar company but it troughed in october last year. if you look at the fundamentals, our forecast remain significantly ahead of consensus so we're not selling but it is our largest position and we cannot go more than 10%, but we think there is more upside to go from here. dani: at some point you have to hit concentration constraints. the market was behind on this. analysts 53% behind in terms of where the revenue forecast went. what is your call on this stock? stephen: we take a view over the next three to five years. we didn't expect that this took place the day they announced sales. when you
dani: tesla is the poster child. something you can hold and drive. joining us now is stephen yiu, cio of hedge fund blue whale capital. and nvidia is their largest holding. you must be feeling good today. what do you do after a day like yesterday when you see your biggest holding add $180 billion in market cap? do you add more? stephen: thank you, dani. that morning. we are feeling a lot better than six months ago. there was talk of nvidia going to a trillion dollar company but it troughed in...
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May 1, 2023
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they called out tesla's rocky production of its sudan in 2018. -- it's sedan in 2018. the lawyers say the settlement achieves the goal of clearing his name. president biden says any attack on the philippines would trigger american defense commitments spelled out in a decades old treaty. it reaffirmed ties following a meeting with philippines president. marcos trip to the u.s. comes amid strained relations with china over disputed parts of the south china sea. global news, 24 hours a day. on air and on bloomberg quicktake, powered by more than 2700 journalists and analysts in over 120 countries. i'm vonnie quinn. this is bloomberg. shery: we head to the conference where ceo is speaking right now. >> throughout the 90's and i am a child of the 90's as well. 90's china. >> your adolescence. >> exactly, my formative years. there were two things that i remember my father really brought back from hong kong. one was just amazing ramen, instant noodles. as always, i look forward to the instant noodles he brought back from hong kong. and the other was the stock market. in fact,
they called out tesla's rocky production of its sudan in 2018. -- it's sedan in 2018. the lawyers say the settlement achieves the goal of clearing his name. president biden says any attack on the philippines would trigger american defense commitments spelled out in a decades old treaty. it reaffirmed ties following a meeting with philippines president. marcos trip to the u.s. comes amid strained relations with china over disputed parts of the south china sea. global news, 24 hours a day. on air...
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May 30, 2023
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to meet with senior chinese officials including the premier as well as a visit to the chest -- the tesla factory. they are nearing the final stage before starting production and revamped model three. global news powered by more than 2700 journalists and analysts in over 120 countries, this is bloomberg. ♪ how can you sleep on such a firm setting? gab, mine is almost the same as yours. almost... just another word for not as good as mine. save 50% on the sleep number limited edition smart bed. plus, free home delivery when you add an adjustable base. only at sleep number. >> i think this agreement frames all of that. it doesn't get everything everybody wanted. i think it's a very positive bill. people can look and pass this in the house and senate together. >> we've averted the worst possible crisis, he default for the first time in our nations history. i strongly urge both chambers to pass that agreement. let's keep moving forward in meeting our obligations and building the strongest economy in the history of the world. jonathan: the president of the united states and speaker mccarthy,
to meet with senior chinese officials including the premier as well as a visit to the chest -- the tesla factory. they are nearing the final stage before starting production and revamped model three. global news powered by more than 2700 journalists and analysts in over 120 countries, this is bloomberg. ♪ how can you sleep on such a firm setting? gab, mine is almost the same as yours. almost... just another word for not as good as mine. save 50% on the sleep number limited edition smart bed....
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May 17, 2023
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tesla has relied on word-of-mouth to market its cars. global news 24-hours a day on air and on bloomberg originals, powered by more than 2700 journalists and analysts in over 120 countries. i'm lisa mateo. this is bloomberg. ♪ go wind turbines. go gorgeous reliable grid. go emerson software. go science people. go breakthrough meds and safe science. go space age welds for super silent cars. go big. or go home. from software that delivers new cures at warp speed, to technology that makes clean energy reliable, emerson innovation helps make the world healthier, safer, smarter and more sustainable. go boldly. emerson. >> i promised to cooperate with leaders -- >> are you planning to return a single nickel to what you cost? >> i know there will be a review of compensation. >> i will take that as a no. you're planning to return how much? none. >> the answer is we are not willing to do so. no. jonathan: another productive meeting and capitol hill. what are you make of this? tom: it is rare to have politicians and have a domain knowledge and w
tesla has relied on word-of-mouth to market its cars. global news 24-hours a day on air and on bloomberg originals, powered by more than 2700 journalists and analysts in over 120 countries. i'm lisa mateo. this is bloomberg. ♪ go wind turbines. go gorgeous reliable grid. go emerson software. go science people. go breakthrough meds and safe science. go space age welds for super silent cars. go big. or go home. from software that delivers new cures at warp speed, to technology that makes clean...
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May 21, 2023
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mark: look, tesla is an interesting company. so far, we have not spent money on advertising. i am sure one day, they will. i mean, i think jeff bezos said back in 2009, you know, advertising is what companies do when they have nothing to differentiate themselves. and amazon today is one of the world's top five advertisers. so, i think companies develop and come to a point of view where they need to talk to consumers about what they do, why they are relevant, what they have to sell. i think all of those things make what we do valuable. francine: i mean, it is interesting. if you look at the lifecycle of a business and, i guess, the ability for that business to be disrupted, when is peak advertising moment? when is the right time to really go for it? mark: well, just look at the top technology companies. google, amazon, apple, they're some of the world's biggest advertisers and they certainly didn't start that way. so, i think we have learned in a modern world that differentiation is increasingly difficult. it is increasingly difficult to do just based on technology or product
mark: look, tesla is an interesting company. so far, we have not spent money on advertising. i am sure one day, they will. i mean, i think jeff bezos said back in 2009, you know, advertising is what companies do when they have nothing to differentiate themselves. and amazon today is one of the world's top five advertisers. so, i think companies develop and come to a point of view where they need to talk to consumers about what they do, why they are relevant, what they have to sell. i think all...
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May 16, 2023
05/23
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they advised tesla to not sell cars in the country made in china, it's adversary. "bloomberg surveillance -- global news 24 hours a day on air and on bloomberg quicktake, powered by more than 2700 journalists and analysts in more than 120 countries. this is bloomberg. ♪ >> it is very clear the consumer is on fragile footing. but, they are proving resilient. consumers are willing of that -- and accepting of that level of inflation, but it is going to come down to the stockpile of wealth and the ability of the consumer to make purchases. at some point, that wealth runs out and businesses want to be able to pass on that cost increase without a significant loss of market share. tom: very valuable. lindsay on the state of the american economy. she was talking about the run rate at 2% and you wonder why -- you wonder where retail sales will settle. lisa: you have residents in growth, does that also meant resilience of inflation? it creates a conundrum for the federal reserve. tom: productivity is higher, 4.02% on a five year. 10 year, 5.2%. equities have vacillated tod
they advised tesla to not sell cars in the country made in china, it's adversary. "bloomberg surveillance -- global news 24 hours a day on air and on bloomberg quicktake, powered by more than 2700 journalists and analysts in more than 120 countries. this is bloomberg. ♪ >> it is very clear the consumer is on fragile footing. but, they are proving resilient. consumers are willing of that -- and accepting of that level of inflation, but it is going to come down to the stockpile of...
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May 22, 2023
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only tesla produces more and sells more a lot more they want to narrow the gap and put out 2 million ev's by 2026 with very importantly a margin of about 8%. lisa: the distinction right now between a lot of tv producers and the detroit lions of gm and ford gm said they didn't think they had to cut prices in response to tesla's price cuts. but for dead, why? do they not have the pricing power? matt: you are right pointing out that distinction. jim farley is very realistic in his expectation that once production comes back online to levels we have previously seen, 15 million is like the top. once we get back to the previous level you will see much more competition in this space that price cuts are going to be eight thing of necessity. --a thing of necessity. lisa: autos have driven some of the inflation we have seen and you start to see the opposite. how much is this a ford story and how much of it is an industrywide story? inflation is an industrywide story. they pay a lot more to make their cars. jim farley has identified 6-7,000,000,000 dollars of what he calls cost this advantages.
only tesla produces more and sells more a lot more they want to narrow the gap and put out 2 million ev's by 2026 with very importantly a margin of about 8%. lisa: the distinction right now between a lot of tv producers and the detroit lions of gm and ford gm said they didn't think they had to cut prices in response to tesla's price cuts. but for dead, why? do they not have the pricing power? matt: you are right pointing out that distinction. jim farley is very realistic in his expectation that...
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May 5, 2023
05/23
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looking at tesla, higher as well. prices will be roundabout to percent more expensive. it is not at the moment affecting their supplies. haslinda: two days after the federal reserve opened the door to a rate pause at its next meeting, markets are bracing for the u.s. jobs report. our global economics and policy editor is here. we know the fed says it is data-dependent. what is expected, and how important are the jobs numbers to the fed? kathleen: certainly, these two big numbers for the federal reserve right now, inflation and jobs. very important. what is expected is a bit of a slowdown, and markets want to see that because it means maybe they really will pause. maybe we are right that things are slowing down and we will get that rate cuts starting later in the year. payrolls expected to come in at 182,000, down from 236,000. unemployment goes up a tick, but so close to a 50-year low. average hourly earnings low, and that is something the fed worries about. they don't think we just because inflation, but if you get into a wage/price spiral, that could cause an issue. i
looking at tesla, higher as well. prices will be roundabout to percent more expensive. it is not at the moment affecting their supplies. haslinda: two days after the federal reserve opened the door to a rate pause at its next meeting, markets are bracing for the u.s. jobs report. our global economics and policy editor is here. we know the fed says it is data-dependent. what is expected, and how important are the jobs numbers to the fed? kathleen: certainly, these two big numbers for the federal...
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May 29, 2023
05/23
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still she is saying go for tesla instead. yvonne: i was talking to kathy from bloomberg intelligence. she bought in video for four dollars so she's logging some profits. thank you. when it comes to nvidia in japan, let's talk about china. morgan stanley is hosting its annual summit in the city, the first in person event since the pandemic. the bank is retaining their view that china will grow this year with additional policy easing as broadening consumption in the second half, that's from the chief china economist at morgan stanley. he joins us now from the hotel. great to have you. shuri and questions about the growth trajectory. hard and soft data does not look good. is this a soft patch orchid things look better or worse in the second half? >> weakness, look at where we are today. around the hotel and everything, pandemic level. last time we had conference like this are asia summit in singapore, no one would have expected that. golden week, travel has reached pre-pandemic levels. now the debate is can china find the path.
still she is saying go for tesla instead. yvonne: i was talking to kathy from bloomberg intelligence. she bought in video for four dollars so she's logging some profits. thank you. when it comes to nvidia in japan, let's talk about china. morgan stanley is hosting its annual summit in the city, the first in person event since the pandemic. the bank is retaining their view that china will grow this year with additional policy easing as broadening consumption in the second half, that's from the...