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Apr 24, 2024
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some split ticket people might not vote for biden. when it comes to double haters, where do they go or do they split their ticket and potentially give the other side there presidential vote? jonathan: equity futures now in the s&p 500 are positive by 0.2% and tesla doing nicely in the premarket with more earnings coming later with meta after the bell. before the opening bell, you will hear from boeing. we will catch up with brooke sutherland who joins us next to react. from new york city, this is bloomberg. ♪ [busy hospital background sounds] this healthcare network uses crowdstrike to defend against cyber attacks and protect patient information. but what if they didn't? [ominous background sounds] this is what it feels like when cyber criminals breach your network. don't risk the health of your business. crowdstrike. we stop breaches. starting a business is never easy, but starting it eight months pregnant.. that's a different story. i couldn't slow down. we were starting a business from the ground up. people were showing up left a
some split ticket people might not vote for biden. when it comes to double haters, where do they go or do they split their ticket and potentially give the other side there presidential vote? jonathan: equity futures now in the s&p 500 are positive by 0.2% and tesla doing nicely in the premarket with more earnings coming later with meta after the bell. before the opening bell, you will hear from boeing. we will catch up with brooke sutherland who joins us next to react. from new york city,...
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Apr 24, 2024
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election campaign is testing a stabilization in ties broker last year by xi and president biden. and president biden has signed a $95 billion national security package into law that includes fresh assistance to ukraine. the move allows the u.s. to quickly resume arms shipments to ukraine. officials also knowledge and for the first time that they will include a longer ballistic missile system that has long been sought by kyiv. all right. let's take a look at the currency space where a lot of the action is happening at the moment. dollar strength continuing to be a theme. we have got the aussie right now just hovering below $.65 u.s. it did cross that threshold yesterday when we got a slightly hotter than expect it cpi print, suggesting the rba will not be adjusting its policy anytime soon. but the yen is the one we are really keeping an eye on. that has crossed the 155 level, and that is the first time that has happened since june 1990. so we're now firmly in intervention territory. we are watching for any action from the ministry of finance, or potentially the bank of japan. they
election campaign is testing a stabilization in ties broker last year by xi and president biden. and president biden has signed a $95 billion national security package into law that includes fresh assistance to ukraine. the move allows the u.s. to quickly resume arms shipments to ukraine. officials also knowledge and for the first time that they will include a longer ballistic missile system that has long been sought by kyiv. all right. let's take a look at the currency space where a lot of the...
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Apr 23, 2024
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biden has tried to make sure that if there are problems, china is not surprised. they find out directly, they show respect. the chinese government has appreciated that. we have more stability than we did before the summit in november when xi jinping and bided met face-to-face. paul: in terms of silence being worse, we will get the opposite as we head into election season. one could expect rhetoric to get hot. when this happens is there risk of lasting damage? or does china view politics as politics? guest: there is not as much pressure on americans to do that. frankly, the fact that the relationship has stabilized, biden has not pulled back on tariffs put in under donald trump, has not pulled back on export controls, semi conductors. you got a new investigation open. you mentioned tiktok, $2 million military support as part of the package working its way through the senate. biden is not taking inbound criticism on being too soft on china, it is one of the few areas, not russia or ukraine, not the middle east, not the border, he's getting criticized from republican
biden has tried to make sure that if there are problems, china is not surprised. they find out directly, they show respect. the chinese government has appreciated that. we have more stability than we did before the summit in november when xi jinping and bided met face-to-face. paul: in terms of silence being worse, we will get the opposite as we head into election season. one could expect rhetoric to get hot. when this happens is there risk of lasting damage? or does china view politics as...
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Apr 19, 2024
04/24
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president biden pushing for the inflation reduction act. we are in a period where terrorists are forcing countries to produce in each region. we have the chinese coming to the u.s. producing dvds in the u.s. to avoid tariffs. -- producing ev's in the u.s. to avoid tariffs. yes, we will probably have slightly higher inflation and yes we will have higher interest rates but to us, that is not that bad of a problem as long as we get the earnings growth that we anticipate and consensus calls for three years, 24, 25 and 26 to have double-digit earnings growth in the u.s. and add buybacks and you have an environment where i think the risk reward for equities is pretty compelling. jonathan: who have offered us the framework. let's talk about the vehicle. what is the optimal way of expressing that in capital markets? jay: i am really starting to think that investors need a tribe polar world investment portfolio meeting they need to be exposed to the growth opportunities that are manifesting in each region and therefore, you need to be looking elsewh
president biden pushing for the inflation reduction act. we are in a period where terrorists are forcing countries to produce in each region. we have the chinese coming to the u.s. producing dvds in the u.s. to avoid tariffs. -- producing ev's in the u.s. to avoid tariffs. yes, we will probably have slightly higher inflation and yes we will have higher interest rates but to us, that is not that bad of a problem as long as we get the earnings growth that we anticipate and consensus calls for...
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Apr 24, 2024
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what did you make of the speech from biden? kailey: he clearly was trying to convey this aid package was just as much about u.s. national security interests as it was about the interests of our allies. he said that repeatedly on the subject of ukraine. the idea that russia thought he could break the will of the ukrainian people, then i thought it could break the will of nato and the united states and that resolve still stands. in the words of president biden, we bow to no one. certainly not vladimir putin. he does indicate that within hours we will see the start of this age moving toward ukraine. on the subject of israel not only was he talking about the defense could provide in terms of air defenses, making sure they can withstand a future attack like the one iran attempted just 10 days ago, but he made the point to talk about humanitarian aid. this will provide aid to the palestinian people and he had sharp words for israel. they must make sure all the aid reaches the palestinians in gaza without delay. going on to say he wan
what did you make of the speech from biden? kailey: he clearly was trying to convey this aid package was just as much about u.s. national security interests as it was about the interests of our allies. he said that repeatedly on the subject of ukraine. the idea that russia thought he could break the will of the ukrainian people, then i thought it could break the will of nato and the united states and that resolve still stands. in the words of president biden, we bow to no one. certainly not...
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Apr 23, 2024
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president biden telling reporters -- tell me what you think about this. i condemned the anti-semitic protests, and those who do not understand what is going on with the palestinians, i condemn them, too. lisa: i cannot explain it exactly, because i interpret it in lots of ways -- my interpretation -- look, this is a very difficult moment for him in terms of how to message it, because you have one wing of the progressive party that are very much in the camp of some of these protesters. and they have a lot of people who think, if people's personal safety is being threatened in any capacity, that is a line that should not be crossed. the bottom line to me, and i am sorry, but i see the protests, and part of me is like, free speech, i totally adhere to that. but each university should have its policies, and if someone violates those policies, it is private policy, they can violate -- they can enforce those policies. the idea of making a free space and eight feeling of safety, i think, is fine from a physical level. emotionally, universities should challenge p
president biden telling reporters -- tell me what you think about this. i condemned the anti-semitic protests, and those who do not understand what is going on with the palestinians, i condemn them, too. lisa: i cannot explain it exactly, because i interpret it in lots of ways -- my interpretation -- look, this is a very difficult moment for him in terms of how to message it, because you have one wing of the progressive party that are very much in the camp of some of these protesters. and they...
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Apr 22, 2024
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the biden administration denied that's what's been happening. as that started to reverse, the impact of the lack of enforcement of sanctions? amrita: the lack of enforcement is why iranian exports last year went up by 600,000 barrels a day. it was consistently sub-a million and and now it has gone up that much. the biden administration unofficially denies it but the numbers speak for itself. so far, we have not seen stricter enforcement. it has been more talk let's see with the new focus on what's going on with israel and iran, whether the u.s. enforces it. what i want to highlight is that this is a u.s. election year. let's not kid ourselves. i think all sanctions are sanctions on paper, with anything that remotely causes oil prices to go up, i don't believe they will enforce it strongly. tom: what is the geopolitical risk premium priced into oil? amrita: not much. we have had a correction. the market has been inspecting potential escalation, we haven't seen it. it has been calibrated. that's why prices have been coming off a little bit. we are
the biden administration denied that's what's been happening. as that started to reverse, the impact of the lack of enforcement of sanctions? amrita: the lack of enforcement is why iranian exports last year went up by 600,000 barrels a day. it was consistently sub-a million and and now it has gone up that much. the biden administration unofficially denies it but the numbers speak for itself. so far, we have not seen stricter enforcement. it has been more talk let's see with the new focus on...
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Apr 25, 2024
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obviously president biden signed this bill into law on wednesday morning in the u.s. and if he ends up still being the president, he's leading the democratic party right now, he might very well see this out as a ban if bytedance is not able to offload its stake. but the republican front-runner is donald trump, who in recent weeks has said he thinks tiktok should stay in america. if donald trump wins the november election, tiktok and bytedance might be in front of a friendly audience as they make their audience -- their argument to stay. paul: tech reporter alex barinka on the ban tiktok bill. we are going to delve into how that could impact ties between washington and beijing. eurasia group's xiaomeng lu will be joining us later. plenty more to come on daybreak: asia. this is bloomberg. ♪ paul: let's take a look at how we are tracking commodities at the moment. iron ore continuing to put in a spirited recovery, better by another three quarters of 1%. i cannot tell you how iron ore miners are doing in australia because we are closed for public holiday today. that's p
obviously president biden signed this bill into law on wednesday morning in the u.s. and if he ends up still being the president, he's leading the democratic party right now, he might very well see this out as a ban if bytedance is not able to offload its stake. but the republican front-runner is donald trump, who in recent weeks has said he thinks tiktok should stay in america. if donald trump wins the november election, tiktok and bytedance might be in front of a friendly audience as they...
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Apr 24, 2024
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biden says a will flow to ukraine after senate passes and aid package. let's check in on earnings. volvo cars with the focus on price and cost cutting. we know sales across europe have been slowing. volvo cars sees full-year revenue up at least 15%, pushing forward, revenue is a miss. logging 93 point 8, 90 4 billion krona in terms of revenue below estimates that had seen shy of 100 billion. in terms of operating income, that came in below estimates versus just shy of 6 billion. margin is a mess. just shy of 5.7, but revenue up 15%, a company we will watch at the open as we contend with softness. competition from china, price cutting. we will be speaking to the volvo car ceo and president at 7:15 am u.k. time. and the swiss drugmaker first-quarter sales coming in shy of estimates. 14.4 billion, estimates for 14 billion, a small miss. we know in terms of covid-19 input, that slowed sales, the business dating so that could have been a drag. more details of course and then the impact of the swiss franc is a factor as well. confirming their outlook, not a big surprise. 420 .24. first-q
biden says a will flow to ukraine after senate passes and aid package. let's check in on earnings. volvo cars with the focus on price and cost cutting. we know sales across europe have been slowing. volvo cars sees full-year revenue up at least 15%, pushing forward, revenue is a miss. logging 93 point 8, 90 4 billion krona in terms of revenue below estimates that had seen shy of 100 billion. in terms of operating income, that came in below estimates versus just shy of 6 billion. margin is a...
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Apr 19, 2024
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president biden said in a statement that the u.s. is committed to israel's security. at the same time, allied nations have been imploring israel to not retaliate against iran, fearing a wider regional war. and the u.s. has vetoed a bid to make palestine a full-fledged member of the united nations. 12 of 15 security council members voted in favor, while the u.k. and switzerland abstained. although the palestinian authority received enough support to have its bid referred to the general assembly, the negative vote for the u.s., which wields veto power, was enough to block it. we will have more ahead on daybreak asia. this is bloomberg. ♪ so, what are you thinking? i'm thinking... (speaking to self) about our honeymoon. what about africa? safari? hot air balloon ride? swim with elephants? wait, can we afford a safari? great question. like everything, it takes a little planning. or, put the money towards a down-payment... ...on a ranch ...in montana ...with horses let's take a look at those scenarios. j.p. morgan wealth management has advisors in chase branches and tool
president biden said in a statement that the u.s. is committed to israel's security. at the same time, allied nations have been imploring israel to not retaliate against iran, fearing a wider regional war. and the u.s. has vetoed a bid to make palestine a full-fledged member of the united nations. 12 of 15 security council members voted in favor, while the u.k. and switzerland abstained. although the palestinian authority received enough support to have its bid referred to the general assembly,...
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Apr 26, 2024
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biden has talked about increased nuclear energy production. that will be something that offsets the higher price. energy is not as big a deal as is rentals and insurance fees. the fed is not going to have the tools to address specific niche parts of the market. overall, the u.s. economy is doing really well. you have seen the chips act lead to a lot of investments not by the u.s. government alone but by multinationals. you have the japanese firms and american firms setting up production facilities. it's leading to a massive construction and production boom. so you will probably have a u.s. economy fighting the weak gdp numbers. if it does become a problem for the bank of japan when you consider what is happening to the dollar yen. paul: as we've been talking, we see interesting yields. the u.s. two-year has broken 5%. where do you see u.s. -- yields hitting? >> like i've been saying, growth numbers out of the u.s. don't necessarily dictate a fed which has to be at this point very dovish and we are seeing expectations built up. out of japan, yo
biden has talked about increased nuclear energy production. that will be something that offsets the higher price. energy is not as big a deal as is rentals and insurance fees. the fed is not going to have the tools to address specific niche parts of the market. overall, the u.s. economy is doing really well. you have seen the chips act lead to a lot of investments not by the u.s. government alone but by multinationals. you have the japanese firms and american firms setting up production...
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Apr 24, 2024
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that was difficult work to do and acquired a great deal of bipartisanship as we heard president biden speaking about this morning and frankly wired not outright sacrifice from mike johnson, a willingness to be able to give up his job in order to get this across the finish line because while the house is on recess right now and the senate is as well after voting late last night, when we return there's a chance that mike johnson could be forced with a motion to vacate brought by marjorie taylor greene and it will be a question of whether democrats in a spirit of bipartisanship step in to save him. sonali: we are looking forward to your coverage later today on "balance of power." one company that could benefit from the situation with tiktok is meta, reporting after the bell with wall street expecting $36 billion in revenue order. the results are expected to move the stock upwards 9% in either direction. jon erlichman joints me now to discuss the expectations. you have meta up almost 30 per stash 37% on the year so far. how are they really set up for this -- 37% on the year so far. how ar
that was difficult work to do and acquired a great deal of bipartisanship as we heard president biden speaking about this morning and frankly wired not outright sacrifice from mike johnson, a willingness to be able to give up his job in order to get this across the finish line because while the house is on recess right now and the senate is as well after voting late last night, when we return there's a chance that mike johnson could be forced with a motion to vacate brought by marjorie taylor...
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Apr 19, 2024
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that's tomorrow core even in the late afternoon and evening, presumably going on to be signed by biden in the distant future in the u.s. is looking at the military support it's providing to allies. it's been a difficult journey and that you create aimed -- ukraine aid has been complicated but there are other factors with the middle east, including high domestic pressure from within his own party. they were not supportive of the israeli operation that we had seen in gaza, given the high death toll of palestinians, which authorities say has passed 330 4000. at the same time the u.s. has been coming to the defense of israel in the case of iran and putting a lot of pressure on the netanyahu government to take higher account on the civilian toll to make it easier to get humanitarian aid in, encouraging them not to conduct an operation in the city of roff up until they can safely evacuate the 1000 palestinian civilians who are there. it has been a difficult dance for the u.s. to be supportive of israel but also try to exercise some leverage to change israeli policy with regards to its ongoin
that's tomorrow core even in the late afternoon and evening, presumably going on to be signed by biden in the distant future in the u.s. is looking at the military support it's providing to allies. it's been a difficult journey and that you create aimed -- ukraine aid has been complicated but there are other factors with the middle east, including high domestic pressure from within his own party. they were not supportive of the israeli operation that we had seen in gaza, given the high death...
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Apr 25, 2024
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bidens team justified it by saying it is part of a strategy to reach a wider range of voters. tiktok is one of the places he can reach gen z and millennial voters. meta is down more than 15% in shares. mark zuckerberg asked investors for trust and loyalty. now, it is microsoft's turn to prove it can monetize ai rate i spoke with nancy taylor about the tech giant earnings. -- ai. i spoke with nancy taylor about the tech giant earnings. >> you can argue he hasn't learned his lesson. we have been here before. now, we are in ai chat box spending, whereas with microsoft, the use cases are multiplying in generative ai. >> a similar sentiment among many investors. you can watch the bloomberg reef at five clock a.m. eastern every morning. david called this year the stock market fundamentally broken. the fund returned four point 9% in the first quarter. that compares to 11% return for the s&p 500. that letter repeated his columns that passive money and systematic strategies have cost the system to overlook valuations. he said there was negative alpha in the long book and positive alpha
bidens team justified it by saying it is part of a strategy to reach a wider range of voters. tiktok is one of the places he can reach gen z and millennial voters. meta is down more than 15% in shares. mark zuckerberg asked investors for trust and loyalty. now, it is microsoft's turn to prove it can monetize ai rate i spoke with nancy taylor about the tech giant earnings. -- ai. i spoke with nancy taylor about the tech giant earnings. >> you can argue he hasn't learned his lesson. we have...
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Apr 22, 2024
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what would a joe biden second term median, in terms of the dollar? >> they expect it to be fiscally supportive. a lot less if you have a divided congress. it is a known quantity for many. a trump victory is interesting because there are split views. it is definitely the view in europe. i found a lot more people willing to contemplate trump being dollar negative. one is the pressure he exerts on the fed to be more dovish. the other is the deficit story. many come back to the idea that it will turn into a big dollars story. annmarie: doesn't that match up with what we might see from the fed if they hold off on cuts this year? it will have to be a 2025 story. >> it depends on how much we get from fiscal support. you have to expect that at some point they will be cutting rates. but the timing is a big one. everyone was looking for cuts to come this year and here we are. it does seem more likely to come into 2025. jonathan: what explains the european differentiation? what do you think explains that the >> a lot of that might be the fear on what tariffs me
what would a joe biden second term median, in terms of the dollar? >> they expect it to be fiscally supportive. a lot less if you have a divided congress. it is a known quantity for many. a trump victory is interesting because there are split views. it is definitely the view in europe. i found a lot more people willing to contemplate trump being dollar negative. one is the pressure he exerts on the fed to be more dovish. the other is the deficit story. many come back to the idea that it...
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Apr 23, 2024
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president biden told below to mere zelenskyy the u.s. aims to shift battlefield and air defense equipment. the u.k. is sending missiles to ukraine including long-range weapons in a package worth $620 million. and remember, bloomberg users can interact with a chart using gtv . browse charts on bloomberg to catch up on key analysis and save charts. this is bloomberg. ♪ >> bloomberg has learned traders left banks amid that that stimulus will create a boom. let's bring in asia investigating reporter lisa. this is a knock on effect a policy normalization in japan, it could reshape the market. lisa: certainly, if you are a rates trader you will be busy with head critters -- had recruiters that want to hire you away. more than one dozen traders have shifted from morgan stanley and citigroup as well as megabanks and moved to hedge funds that are trying to get a piece of the action in japan. think of japan had a yield curve control policy for years as part of it stimulus that put a lid on government bond yields. now it created volatility th
president biden told below to mere zelenskyy the u.s. aims to shift battlefield and air defense equipment. the u.k. is sending missiles to ukraine including long-range weapons in a package worth $620 million. and remember, bloomberg users can interact with a chart using gtv . browse charts on bloomberg to catch up on key analysis and save charts. this is bloomberg. ♪ >> bloomberg has learned traders left banks amid that that stimulus will create a boom. let's bring in asia investigating...
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Apr 23, 2024
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the first time that the biden and ministry has use antitrust to stop it. it would raise prices on handbags and accessories in the affordable luxury space. you can follow all of the latest company buzz on your bloomberg terminal. let's take a quick look at the market. an interesting turnaround after the manufacturing numbers from earlier. the s&p 500 currently up .9%, even more so if you look at big tech, the nasdaq 100 higher it bite than 1%. the 10 year down three basis points. u.s. business activity cools in april. the gm nonstick coating ceo is next. this is bloomberg. ♪ m hallucinating? what about zocdoc? so many options. yeah, and dr. xichun even takes your sketchy insurance. xi-chun, xi-chun, xi-chun! you've got more options than you know. book now. but starting it eight months pregnant, that's a different story. with the chase ink card, we got up and running in no time. earn unlimited 1.5% cash back on every purchase with the chase ink business unlimited card from chase for business. katie: did this morning shows the s&p global u.s. manufacturing
the first time that the biden and ministry has use antitrust to stop it. it would raise prices on handbags and accessories in the affordable luxury space. you can follow all of the latest company buzz on your bloomberg terminal. let's take a quick look at the market. an interesting turnaround after the manufacturing numbers from earlier. the s&p 500 currently up .9%, even more so if you look at big tech, the nasdaq 100 higher it bite than 1%. the 10 year down three basis points. u.s....
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Apr 22, 2024
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president joe biden plans to sign it into law. the reality of tiktok facing the divestiture banking legislation is here. bytedance, the parent company that the u.s. government has taken issue with has also expected that it is going to fight this tooth and nail through the u.s. legal system. if this bill goes into law with the correct language, bytedance would have nine months with a potential three-month extension today best the app. that seems to be an option that would be the case for the legal battle for bytedance who plans to fight this in a legal battle that could last more than a year. paul: what is the plan? to put up for a better administration somewhere down the track? and also in terms of what is worse, is it a ban or is it investment? alex: if you do the math on the 29th, for it passes this week, that would put us around january which is in operation time here in the u.s. as that a presidential election year. we have seen tiktok in the past tried to lean into the idea of looking for a more amenable administration. donal
president joe biden plans to sign it into law. the reality of tiktok facing the divestiture banking legislation is here. bytedance, the parent company that the u.s. government has taken issue with has also expected that it is going to fight this tooth and nail through the u.s. legal system. if this bill goes into law with the correct language, bytedance would have nine months with a potential three-month extension today best the app. that seems to be an option that would be the case for the...
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Apr 22, 2024
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president biden has said he will sign the legislation if it gets through. it looks as though this is kind of a done deal now. >> it does. this bill passing seems almost inevitable. president biden has said he will sign it immediately. tiktok is already scrambling. over the weekend, we broke the news the general counsel in the u.s. for tiktok who has been in charge of convincing the national security interagency committee that tiktok are doing enough to prevent user data from getting to china is being pushed out of his role. changes are happening internally. the company is sending memos to employees promising if the bill passes this week it will not be the end of the story. finance and tiktok both intend to fight this to every extent possible before considering divestiture or separation from the parent company. ed: i talked about the bloomberg intelligence assessment of whether this will be passed into law, 90%. other analysis is if there were to be a legal challenge by tiktok and u.s. users, they assign a 70% chance the u.s. government will be successful in
president biden has said he will sign the legislation if it gets through. it looks as though this is kind of a done deal now. >> it does. this bill passing seems almost inevitable. president biden has said he will sign it immediately. tiktok is already scrambling. over the weekend, we broke the news the general counsel in the u.s. for tiktok who has been in charge of convincing the national security interagency committee that tiktok are doing enough to prevent user data from getting to...
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Apr 19, 2024
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this is something the biden administration with the ftc is working on every day. we have got to have some accountability on costs and holding of account of the large producers and whatnot, with food. but in terms of cars, we have so much to be optimistic about in the united states of america. look what happened with chips and microchips. not only did we pass a chips manufacturing bill -- we are going to be the only country, the united states of america, that leads from the standpoint of design, production, and shipment. so i am overall optimistic. i am listening to the consumer. i am recognizing that people have large car payments with high interest rates, engaging the treasury department, making sure they have got trusted leadership here in the united states capitol, where we can assist with rising costs. david: how popular are electric vehicles in michigan with the workers? this came up with the uaw -- concern that you do not need as many workers when it comes to ev's. what is your sense of your home state and the workers they are, and how enthusiastic they are
this is something the biden administration with the ftc is working on every day. we have got to have some accountability on costs and holding of account of the large producers and whatnot, with food. but in terms of cars, we have so much to be optimistic about in the united states of america. look what happened with chips and microchips. not only did we pass a chips manufacturing bill -- we are going to be the only country, the united states of america, that leads from the standpoint of design,...
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Apr 21, 2024
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president biden says he will pass it and that means tiktok needs to be divested in a year. bytedance says it will it -- explore all legal actions but this is big for the u.s. potentially. look at how many americans use tiktok, tens of millions. this company has been under the gun for a long time about how they use american data, how they store american data and coming into elections in november, bytedance's chinese and owns tiktok and u.s.-china tensions are at a low. this could throw a wrench into them as we go into the contest. annabelle: bytedance would have nearly a year to divest its holdings or its company in the u.s., so is there concern from the u.s. side that that could have implications especially in the year of the election? karen: it gets complicated, and they have a year to divest it but they are going to take legal action. that is what we have been saying. so it depends what that looks like and how much they are able to do on that front and how this plays out over the next couple weeks. at the same time, the big issue will be the election in november. this is
president biden says he will pass it and that means tiktok needs to be divested in a year. bytedance says it will it -- explore all legal actions but this is big for the u.s. potentially. look at how many americans use tiktok, tens of millions. this company has been under the gun for a long time about how they use american data, how they store american data and coming into elections in november, bytedance's chinese and owns tiktok and u.s.-china tensions are at a low. this could throw a wrench...
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Apr 26, 2024
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see both sides trying to stick by the commitments that were made between president xi and president biden in april of last year. a lot of discussions for example . lloyd austin spoke to his chinese counterpart for the first time after the chinese minister was put in place. meanwhile despite some of the developments like tiktok, china has made a relatively muted tone including a response to things like the triple tariffs biden has proposed on chinese steel. when we think back to the response of xi jinping to the last trip by blinken, he described to meeting is very good. he was quite optimistic or at least praise the developments the two sides intimate. while it is positive we do have these conversations between lincoln -- blinken and his various counterparts, the backdrop in the u.s. has made things more hawkish, we have seen warm intimate policies aimed at potentially curbing china, and it is hard to see the more optimistic, more positive response from xi jinping this time around if they do meet as expected. tom: thank you very much for breaking down the story around the u.s. and china.
see both sides trying to stick by the commitments that were made between president xi and president biden in april of last year. a lot of discussions for example . lloyd austin spoke to his chinese counterpart for the first time after the chinese minister was put in place. meanwhile despite some of the developments like tiktok, china has made a relatively muted tone including a response to things like the triple tariffs biden has proposed on chinese steel. when we think back to the response of...
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Apr 26, 2024
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chairman powell, president biden or the bank of japan. at the moment the boj must be begging for a downside surprise on u.s. data. lisa: right now it seems that the only offramp they have. they've adopted' talking more about positive consumption and inflation which is still around 2% in the region which raises the question do they really care about the yen weakening or not. we try to have this attitude and annoy you that's very connected to who you are. >> is that where you're going with this? >> keep selling my japanese yen. dollar-yen, no idea where this show is going. equity futures more broadly let's get to the markets for you. equity futures positive by 0.7%. yields are lower down to basis points. coming up this hour we will chat -- catch up with stocks rebounding. alphabets blockbuster results and sarah wolf of morgan stanley. next week's big decision. we begin with our top story. stocks getting better-than-expected results from microsoft and alphabet. shifting focus to data with the readout 8:30 eastern time. christian joins us for
chairman powell, president biden or the bank of japan. at the moment the boj must be begging for a downside surprise on u.s. data. lisa: right now it seems that the only offramp they have. they've adopted' talking more about positive consumption and inflation which is still around 2% in the region which raises the question do they really care about the yen weakening or not. we try to have this attitude and annoy you that's very connected to who you are. >> is that where you're going with...
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Apr 23, 2024
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biden this is "bloomberg." ♪ how am i going to find a doctor when i'm hallucinating? what about zocdoc? so many options. yeah, and dr. xichun even takes your sketchy insurance. xi-chun, xi-chun, xi-chun! you've got more options than you know. book now. you don't have to worry about things like changing tax rates or filing returns. avalarahhh ahhh her uncle's unhappy. i'm sensing an underlying issue. it's t-mobile. it started when we tried to get him under a new plan. but they they unexpectedly unraveled their “price lock” guarantee. which has made him, a bit... unruly. you called yourself the “un-carrier”. you sing about “price lock” on those commercials. “the price lock, the price lock...” so, if you could change the price, change the name! it's not a lock, i know a lock. so how can we undo the damage? we could all unsubscribe and switch to xfinity. their connection is unreal. and we could all un-experience this whole session. okay, that's uncalled for. ♪ ed: welcome back to bloomberg technology. caroline: we've got a little bit of money back into t
biden this is "bloomberg." ♪ how am i going to find a doctor when i'm hallucinating? what about zocdoc? so many options. yeah, and dr. xichun even takes your sketchy insurance. xi-chun, xi-chun, xi-chun! you've got more options than you know. book now. you don't have to worry about things like changing tax rates or filing returns. avalarahhh ahhh her uncle's unhappy. i'm sensing an underlying issue. it's t-mobile. it started when we tried to get him under a new plan. but they they...
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Apr 19, 2024
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they don't care how the house passes it as long as they pass it so they could get it to president biden's desk. sonali: a lot happening over the weekend. thank you for your very deep reporting. she always knows what's going on on the ground. we will bring in ann berry, fred needle -- fred needle partner. how does the future of tiktok play out? the company has been lobbying against this move. ann: before tiktok disappears from devices. it shows something is going to happen. loving continue -- lobbying will continue. pressure is being applied by china with trying to push apple to withdraw whatsapp as an offering on iphones. it will take a long time to play out. i think tiktok it's sold minus the algorithm that has the security mines. it is not going to happen overnight. sonali: we have talked a little about the impact ultimately for the other social media giants in the united states, particularly meta. how do you think over time executives will address the opportunity here to step in with the uncertainty around the other large rivals here? ann: instagram reels really is the play that stands
they don't care how the house passes it as long as they pass it so they could get it to president biden's desk. sonali: a lot happening over the weekend. thank you for your very deep reporting. she always knows what's going on on the ground. we will bring in ann berry, fred needle -- fred needle partner. how does the future of tiktok play out? the company has been lobbying against this move. ann: before tiktok disappears from devices. it shows something is going to happen. loving continue --...
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Apr 22, 2024
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>> on one hand he is making the trip because of the meeting between president xi and biden in san francisco and they will continue what has come out of the meeting. on the other hand there are lots of problems, the biggest is russia, ukraine, and chinese support of russia with secretary blinken talking about how much objection there is to china supply and russia with things that can be used for missiles and also for cars and electronics. it's a big issue we expect secretary blinken to bring up when he is in beijing. annabelle: it comes down to the competition and returning to the idea of chinese military do we have clarity as you mentioned the personnel chaining's and people who have not been seen in public for a while did we have parity on who really is leading the key positions in chinese military at this point in time and also there is been in the past a question of china being prepared in terms of weapons but strategically not ready either in terms of combat. >> xi jinping has made it clear that his objective is to get the chinese military to the point where they could fight a war and w
>> on one hand he is making the trip because of the meeting between president xi and biden in san francisco and they will continue what has come out of the meeting. on the other hand there are lots of problems, the biggest is russia, ukraine, and chinese support of russia with secretary blinken talking about how much objection there is to china supply and russia with things that can be used for missiles and also for cars and electronics. it's a big issue we expect secretary blinken to...
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Apr 25, 2024
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president biden signed a 95 billion dollars security package into lore that includes security assisted to ukraine. officials acknowledging they will include a longer ballistic missile system sought by ukraine. plenty more, stay with us, this is bloomberg. ♪ ♪ >> as we are scaling energy expenses for ai we will focus on the rest of our company, but with shifting resources, we will grow meaningfully before we make revenue from new products. >> meta-ceo malta sukkoth boat. first quarter results were pretty decent. up 27% and we saw profit doubling. none of that really matters. even smart investors. it is the outlook, close to 40 billion u.s. dollars and that caused concern. a sharp move lower for a stock that has rallied on ai. down 15% in those words are not doing much. investors see the product is scaling. they have questions. let's see the read across. this was the ripple to other big names. emison and alphabet and microsoft reporting. we will see if the story is different. microsoft with a stake in openai. another story is the japanese yen. volatility is at the highest level all y
president biden signed a 95 billion dollars security package into lore that includes security assisted to ukraine. officials acknowledging they will include a longer ballistic missile system sought by ukraine. plenty more, stay with us, this is bloomberg. ♪ ♪ >> as we are scaling energy expenses for ai we will focus on the rest of our company, but with shifting resources, we will grow meaningfully before we make revenue from new products. >> meta-ceo malta sukkoth boat. first...
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Apr 23, 2024
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the first time biden has used antitrust to stop a deal in that sector. novartis raising its forecast as sales of medicines for heart disease and psoriasis outpaced expectations and they push for stronger growth. we are joined by our pharmaceutical analyst. thank you for joining us. what stood out to you? sam: today the beat but that was the cadence we expected. every quarter beat, raise so that was on the cards. what is interesting is that guidance change did not move one step, it jumped two steps. previous guidance was high single digits and now they've jumped to low double digits, a massive jump. costs were lower than expected, for the full year this -- this change in terms of the massive increase in guidance is driven by a later than expected hit. a drug that is generic has high margins because they are not doing promotions. when you see another two quarters it has a big positive hit. tom: does that bite them? sam: every quarter is that extra amount of cash. tom: they're working on the costs? tom: is there a broader read across? sam: last year they di
the first time biden has used antitrust to stop a deal in that sector. novartis raising its forecast as sales of medicines for heart disease and psoriasis outpaced expectations and they push for stronger growth. we are joined by our pharmaceutical analyst. thank you for joining us. what stood out to you? sam: today the beat but that was the cadence we expected. every quarter beat, raise so that was on the cards. what is interesting is that guidance change did not move one step, it jumped two...
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Apr 25, 2024
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on its surface back in march president biden said he would sign the measure, but he hasn't really expanded much more. to be clear the tiktok bill was attached to a much larger foreign aid package which was a far greater priority for the president and his administration. they wanted to see a ukraine that through above anything else and in his remarks he devoted the lion's share of his commentary to that. at the same time his spokesperson being clear yesterday after the president spoke that selling tiktok a full to vest at your wanted. at the same time they do not want to see the app shut down. they respect many users derive great enjoyment from it and also for many it is a source of business and that is something the administration does not want to see shut down. ed: really appreciate the coverage. we will talk about this quite a lot. thank you. a conversation going getting the market analysis, principal analyst at insider intelligence. we are waiting through a lot of unknowns, but where is your head at. you look at tiktok from the point of view where this is a platform where almost 50% of
on its surface back in march president biden said he would sign the measure, but he hasn't really expanded much more. to be clear the tiktok bill was attached to a much larger foreign aid package which was a far greater priority for the president and his administration. they wanted to see a ukraine that through above anything else and in his remarks he devoted the lion's share of his commentary to that. at the same time his spokesperson being clear yesterday after the president spoke that...
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Apr 25, 2024
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. >> this visit coincided with joe biden signing into law this tiktok act. they have 270 days, bytedance, the parent company, to divest entirely or it has to cease operations in the united states. so far, we have not seen a ton of major reaction out of china on this. there are a few things that the government could do. it could have a tit-for-tat response and target u.s. debt companies. the problem there is there's not a lot of u.s. companies that are really operating widely in china anymore. linkedin pulled out its business a couple of years ago. meta, facebook does not have a large presence. there's only so much they can do their. another thing is let's say bytedance does agree to divest tiktok, its chinese regulators that would have to sign off on that deal before it proceeds, so there is a lot up in the air. tiktok obviously intends to sue or at least has talked about this potential intention to sue. there's just a lot up in the air right now. haslinda: also lots of ways they could hit back not the tech, but also the south china sea, so lots of issues. l
. >> this visit coincided with joe biden signing into law this tiktok act. they have 270 days, bytedance, the parent company, to divest entirely or it has to cease operations in the united states. so far, we have not seen a ton of major reaction out of china on this. there are a few things that the government could do. it could have a tit-for-tat response and target u.s. debt companies. the problem there is there's not a lot of u.s. companies that are really operating widely in china...
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Apr 26, 2024
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doesn't like despite pushes by biden to stabilize relationships. there is growing demand to make it clear to china and broadcast the u.s. isn't going to put up with some of this chinese behavior. on the chinese side, you have a very clear message today laying it out for blinken, saying this relationship can go in two directions and it's up to you guys. to some extant we are where we always are on u.s.-china relations. things seem to be moving steadily forward, there is no big blowout like when speaker pelosi went to taiwan. we are still in a situation where one of those incidents put the relationship from a steady path over into something more volatile. i think that was clear from a comment on both sides. there are factors on the chinese side and the domestic and economic challenges they have, ukraine facing a resurgent russian push. and the philippines and others seeing aggression in the south china sea, you have a potent mix. there is a stabilization drive like we've seen over the last six or seven months. haslinda: thank you for the update. let'
doesn't like despite pushes by biden to stabilize relationships. there is growing demand to make it clear to china and broadcast the u.s. isn't going to put up with some of this chinese behavior. on the chinese side, you have a very clear message today laying it out for blinken, saying this relationship can go in two directions and it's up to you guys. to some extant we are where we always are on u.s.-china relations. things seem to be moving steadily forward, there is no big blowout like when...
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Apr 19, 2024
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it is being renamed but it is from iran and the biden administration has turned a blind eye. >> in terms of the u.s. re-imposing sanctions and restrictions on venezuela, without have a major impact? >> venezuelan oil industry was destroyed by chavez and maduro's and is irrelevant. it is a matter of a couple of hundred. >> so it would not cause prices to hike. >> iran oil production is almost near capacity so either we wait for trump to come in and imposed sanctions he put in place or by some dramatic change that u.s. changes policy the iranian production would go down by a million barrels per day. >> opec-plus has extended production. how much longer will that persist given that saudi arabia needs oil at $100 a barrel to balance the budget? >> i do not believe in the numbers from saudi's so much. they manage their system well. basically in the middle east, the more money you have, the more money you spend. if you are arrested you be more careful. to say they need $100 moral, everyone needs more money but they can manage with far less and there -- the country has dramatically changed so t
it is being renamed but it is from iran and the biden administration has turned a blind eye. >> in terms of the u.s. re-imposing sanctions and restrictions on venezuela, without have a major impact? >> venezuelan oil industry was destroyed by chavez and maduro's and is irrelevant. it is a matter of a couple of hundred. >> so it would not cause prices to hike. >> iran oil production is almost near capacity so either we wait for trump to come in and imposed sanctions he...
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Apr 24, 2024
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president biden set to deliver remarks on the ukraine aid package from the white house. we will bring that to you live when it happens. coming up we have bloomberg technology in the next hour. that does it for bloomberg markets. i'm katie greifeld and this is bloomberg. ♪ thanks to avalara, we can calculate sales tax automatically. avalarahhhhhh what if tax rates change? 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 when i was your age, we never had anything like this. what? wifi?hhhhhh wifi that works all over the house, even the basement. the basement. so i can finally throw that party... and invite shannon barnes. dream do come true. xfinity gives you reliable wifi with wall-to-wall coverage on all your devices, even when everyone is online. maybe we'll even get married one day. i wonder what i will be doing? probably still living here with mom and dad. fast reliable speeds right where you need them. that's wall-to-wall wif
president biden set to deliver remarks on the ukraine aid package from the white house. we will bring that to you live when it happens. coming up we have bloomberg technology in the next hour. that does it for bloomberg markets. i'm katie greifeld and this is bloomberg. ♪ thanks to avalara, we can calculate sales tax automatically. avalarahhhhhh what if tax rates change? ahhhhhh filing sales tax returns? ahhhhhh business license guidance? ahhhhhh -cross-border sales? -ahhhhhh -item...
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Apr 24, 2024
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president biden set to sign a bill forcing bytedance to sell or shutdown tiktok after the legislation passes the senate with bipartisan support. a check of markets in just a moment. let's get more on that tiktok ban or divest bill. the senate just voting to pass the measure. now the legislation also includes aid to ukraine, israel, and taiwan in one sweeping bipartisan approval. for more on this, we are joined by steven dennis in washington. thank you for joining us. so that bill basically waiting for the president. it's all but certain. the scene set for a legal battle. how long could that drag on for? what does it mean for a debate around the first of november? >> i think there's already promises that the company will file a lawsuit, trying to overturn the law and say that it's unconstitutional. violating the first amendment right to free speech. but the lawmakers say that they are very confident they will prevail because this is a foreign controlled company and there's no right to free speech for a chinese company. the right to free speech is for the people on tiktok. so the argume
president biden set to sign a bill forcing bytedance to sell or shutdown tiktok after the legislation passes the senate with bipartisan support. a check of markets in just a moment. let's get more on that tiktok ban or divest bill. the senate just voting to pass the measure. now the legislation also includes aid to ukraine, israel, and taiwan in one sweeping bipartisan approval. for more on this, we are joined by steven dennis in washington. thank you for joining us. so that bill basically...
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Apr 25, 2024
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you can say lately that joe biden is not good for stocks, the market is doing perfectly well. it's not going to be as much as people think but i think a trump is less regulatory which businesses like, less like the federal trade commission saying non-competes and they get sued right away. it seems overbroad, less regulation is good for markets and good for business and i think businesses like that better. sonali: what do you think this means in terms of attitudes from the business community around donald trump? are there any changes you have seen particularly given that you have your ears to the ground? >> i think there is more coming. they were afraid in the beginning. when it was during the primaries they were nervous but you feel more and people coming over and people who would surprisingly never have said that before come up to me and said i'm thinking about it because they don't like immigration. immigration is -- who talks about it? these days everybody talks about it. you have it in new york and san francisco everywhere. immigration matters and things like today with th
you can say lately that joe biden is not good for stocks, the market is doing perfectly well. it's not going to be as much as people think but i think a trump is less regulatory which businesses like, less like the federal trade commission saying non-competes and they get sued right away. it seems overbroad, less regulation is good for markets and good for business and i think businesses like that better. sonali: what do you think this means in terms of attitudes from the business community...