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Apr 22, 2024
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we are in the third year of russia and ukraine. there is the initial shock and knees on the markets. they are dispassionate. they tried to move on with the data. it is glaring and right there. corporate profitability looks good. they are talking about a pickup over the next year. they put more on their credit cards but they are fully employed and have positive wages. there is a lot of cash on the side. $6 trillion in money market funding. i will tell you my never have to look at the senior loan officer survey again. you look at it. jonathan: i love how you looked at least seven you said that. lisa: please. >> if you look at the book of business for seeing eye loans, it is either side of $3 trillion. what is the size of private credit? there is a non-bank lender out there. the bank's senior officer loan surveys were showing a tightening in credit conditions. most two thirds the size of the banking system was looking for every opportunity to extend credit into the system. that market is still there. it is a pretty nice tailwind. lisa
we are in the third year of russia and ukraine. there is the initial shock and knees on the markets. they are dispassionate. they tried to move on with the data. it is glaring and right there. corporate profitability looks good. they are talking about a pickup over the next year. they put more on their credit cards but they are fully employed and have positive wages. there is a lot of cash on the side. $6 trillion in money market funding. i will tell you my never have to look at the senior loan...
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Apr 24, 2024
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russia on one hand and ukraine. iran and the iranian proxies in the middle east and the threat of china, making sure there is security given the importance of taiwan not only to the u.s. in terms of symbolism and representation of a democracy and wanting to maintain that but also the security in the region given it is vital in terms of the supply chain but there are concerns with other u.s. allies and in the region bike the philippines in regards to the south china sea. that is why you see it more broadly be the end of pacific region also addressed -- end of pacific region -- indo pacific region. caroline: when we think about asia and china, the moment of president biden speaking on the signing, the ceo of tiktok also put out his own statement using another social media platform of x to post his response, saying the bill is a disappointing moment and outlined what this means for tiktok. kailey: it was interesting to listen to the language in this video. what this legislation actually does is say tiktok will be and i
russia on one hand and ukraine. iran and the iranian proxies in the middle east and the threat of china, making sure there is security given the importance of taiwan not only to the u.s. in terms of symbolism and representation of a democracy and wanting to maintain that but also the security in the region given it is vital in terms of the supply chain but there are concerns with other u.s. allies and in the region bike the philippines in regards to the south china sea. that is why you see it...
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Apr 23, 2024
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excuse me, to ukraine. how concerned are you about how deeply divided american politicians are about aiding ukraine as opposed to other issues like israel and taiwan? >> we should continue to support ukraine. as president zelenskyy was saying, they have a chance if we continue to support them. from a european point of view, ukraine is our neighbor, a prospective member of the family, and thus we need to ensure we keep a secure environment in the region. the other conflicts are just as important. the middle east situation is very worrying, a source of concern for all of us, and we should try to stop that conflict as soon as possible, but ukraine should not be forgotten. tom: european investment bank president nadia calvino speaking to bloomberg. 20 more coming up, including the story around rishi sunak and ramonda i'm a but could mean for his -- around rishi sunak and rwanda, what it could mean for his poll ratings as well. ♪ tom: u.k. prime minister rishi sunak's law to the port asylum-seekers to rwanda h
excuse me, to ukraine. how concerned are you about how deeply divided american politicians are about aiding ukraine as opposed to other issues like israel and taiwan? >> we should continue to support ukraine. as president zelenskyy was saying, they have a chance if we continue to support them. from a european point of view, ukraine is our neighbor, a prospective member of the family, and thus we need to ensure we keep a secure environment in the region. the other conflicts are just as...
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Apr 19, 2024
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she has not acted on it but could if he puts ukraine aid on the floor. we will wait for action on that and other members including tom massey have suggested they will join her in the effort. however, and this is where it gets interesting, it took democrats to get the rule past and over the finish line and it seems democrats may step in to help save the gavel of mike johnson if that proves necessary. there has been a lot of talk in washington about it being like a coalition government because mike johnson is relying on the other party to get everything over the line and potentially might be relying on them to help him keep his job. ed: let's take a moment here, there's a lot -- a lot happening in the headlines, chuck schumer saying lawmakers should plan to work this weekend as needed. there will be audience members around the world and particularly around the country in the united states saying why are they working the weekend on this? why is it so important? kailey: this aid is desperately needed. mike turner suggested that it needed to pass this week, b
she has not acted on it but could if he puts ukraine aid on the floor. we will wait for action on that and other members including tom massey have suggested they will join her in the effort. however, and this is where it gets interesting, it took democrats to get the rule past and over the finish line and it seems democrats may step in to help save the gavel of mike johnson if that proves necessary. there has been a lot of talk in washington about it being like a coalition government because...
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Apr 24, 2024
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reports of cheers breaking out in the trenches in eastern ukraine. probably came from one of you folks, the reporters. i'm not sure who it came from. they are cheering as they watch the house
reports of cheers breaking out in the trenches in eastern ukraine. probably came from one of you folks, the reporters. i'm not sure who it came from. they are cheering as they watch the house
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Apr 24, 2024
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right now, ukraine is suffering deeply. they are suffering on the battlefield and they think the next aid package can change things. lisa: it opens the door to what's next in terms of the discussion heading into the election. this is important to come together and do something. they got that done and now you have to fill six months of rhetoric. we have to figure out what will be the leading story because that's the way of the moment in washington, d.c. annmarie: everything they potentially have to do before the election will be kicked the can down the road and iti will be a lot of electionng. jonathan: lots of electioning coming to a tv set near you over the next six months, equity futures in the s&p 500 are posited by 0.1%. going into meta earnings later with yields higher by three or four basis points. coming up this hour, we will catch up with lori heidel from state street. brooke sutherland will react to boeing earnings out earlier. mike schumacher of wells fargo not expecting rate cuts any time soon. we begin with our
right now, ukraine is suffering deeply. they are suffering on the battlefield and they think the next aid package can change things. lisa: it opens the door to what's next in terms of the discussion heading into the election. this is important to come together and do something. they got that done and now you have to fill six months of rhetoric. we have to figure out what will be the leading story because that's the way of the moment in washington, d.c. annmarie: everything they potentially have...
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Apr 22, 2024
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this is hugely important for ukraine. russia was taking advantage of their ammunition so this will be a morel biscuit and probably -- this will be a morale boost and probably stabilize the situation, as president zelenskyy said. in november if you get a trump administration, trump is so positive towards putin, there is every chance this could be pulled and then europe will have to step up. it is doubtful they can. so ukraine has an enormous amount running this election and russia has the wind behind them. the longer the war goes on, the better russia gets and it is starting to improve so ukraine desperately needed this. annabelle: part of the funding goes towards israel. benjamin netanyahu says that could be partly spent on operations in gaza. it does not seem that is what the white house would want even though they called for further assistance. >> the israel side i think it was essential the package link them together to get everyone on board to pass. it was so important to pass. the u.s. was not going to leave israel w
this is hugely important for ukraine. russia was taking advantage of their ammunition so this will be a morel biscuit and probably -- this will be a morale boost and probably stabilize the situation, as president zelenskyy said. in november if you get a trump administration, trump is so positive towards putin, there is every chance this could be pulled and then europe will have to step up. it is doubtful they can. so ukraine has an enormous amount running this election and russia has the wind...
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Apr 21, 2024
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tony: that is what ukraine's president zelenskyy hopes. he said in an interview with the u.s. network that this should be , it should give ukraine at least the capability to retake the initiative on the battlefield. what that means of course, in practice is another question because it has been six months or it has taken six months to get to this point of the u.s. approving new aid for ukraine and all indications and commentary in the meantime has been that russia has basically advanced and there have been very material signs of that, like the taking of some towns. so yes, will it shift the balance? that will have to be seen. one of the things that is in the bill is the so-called attack, a medium-range missile the ukrainians hope can start making a difference on the battlefield again, by going after russian targets. paul: this package passed with bipartisan support in the house. mike are -- mike johnson said history will judge them well with some republican colleagues might judge it more harshly. what is his future? tony: still on the line, but i think the balance of commentary
tony: that is what ukraine's president zelenskyy hopes. he said in an interview with the u.s. network that this should be , it should give ukraine at least the capability to retake the initiative on the battlefield. what that means of course, in practice is another question because it has been six months or it has taken six months to get to this point of the u.s. approving new aid for ukraine and all indications and commentary in the meantime has been that russia has basically advanced and...
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Apr 22, 2024
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to ukraine. the impact, what is it likely to be in terms of the military resilience for ukraine? kriti: the key pieces are $14 billion of replenishment. we are talking about air warfare, drones, etc. and about $13 billion of actual stockpiles rearmament, actual weapons going to fighters on the ground. about 7 million for u.s. operations, that includes whatever u.s. intelligence forces at, etc. that's where that funding goes as well as $9.5 billion in forgivable loans. this is important, it was first brought up by president trump and now reimposed by president biden, if indeed he is elected to a second term, it is forgivable, and he intends to clear the debt for ukraine. this is also a turning point for the frontline. the last couple of weeks before this was passed, the expectation was that russia was making more advancements than expected. letterman zelenskyy over the weekend saying this will change the game in terms of getting that age to the front lines and pushing back on that russian offensive. tom: kriti bucha around the details on the funding package coming through the u.s.
to ukraine. the impact, what is it likely to be in terms of the military resilience for ukraine? kriti: the key pieces are $14 billion of replenishment. we are talking about air warfare, drones, etc. and about $13 billion of actual stockpiles rearmament, actual weapons going to fighters on the ground. about 7 million for u.s. operations, that includes whatever u.s. intelligence forces at, etc. that's where that funding goes as well as $9.5 billion in forgivable loans. this is important, it was...
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Apr 27, 2024
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we do not have a big business in ukraine. but through lloyds, we did have exposure to some classes of business through the war. assessing that is very complicated. one that you need to manage how much you are going to underwrite a specific class that could have political violence or a war or terrorism. david: let's suppose i own a big factory, semiconductor chip factory in taiwan and i say to you, i want to get some insurance against the possibility that china might invade and destroy or take over my plant. is that the kind of thing you would do or is that too risky? peter: that would be too risky. there are some portions of what we call political violence coverage, but in areas where we know there is an exposure, it gets very hard to underwrite that. and so we would have very limited capacity to do something like that. david: you don't provide war insurance then, pretty much. peter: no. david: do you provide flood insurance? i have a home in nantucket, i'm always worried of when the flood will come. is it hard to get? peter:
we do not have a big business in ukraine. but through lloyds, we did have exposure to some classes of business through the war. assessing that is very complicated. one that you need to manage how much you are going to underwrite a specific class that could have political violence or a war or terrorism. david: let's suppose i own a big factory, semiconductor chip factory in taiwan and i say to you, i want to get some insurance against the possibility that china might invade and destroy or take...
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Apr 19, 2024
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marjorie taylor greene has long said that if ukraine aid goes to the floor of the house, she would act on the motion to vacate the speaker. she already had tom massey sign on to the effort and today in the aftermath of the passage, paul gosar of arizona has signed on to support the motion. the way that the math would work if they act to bring this to a vote on the floor that required action within two days, it would take democrats to help save the gavel. that will be drama to watch over the weekend. the package will then be put together to send to the senate. the senate majority leader and member should be prepared to work the weekend to get it done. sonali: thank you, kailey leinz. up next, the auction block, high rates seeing their slowest week of the year. big banks see the difference with billions and volume. ♪ [city noise] investment opportunities are everywhere you turn. do you charge forward? freeze in your tracks? (♪♪) or, let curiosity light the way. at t. rowe price, we're asking smart questions about opportunities like clean water. and how clean water advances can help
marjorie taylor greene has long said that if ukraine aid goes to the floor of the house, she would act on the motion to vacate the speaker. she already had tom massey sign on to the effort and today in the aftermath of the passage, paul gosar of arizona has signed on to support the motion. the way that the math would work if they act to bring this to a vote on the floor that required action within two days, it would take democrats to help save the gavel. that will be drama to watch over the...
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Apr 24, 2024
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clears the way for shipments of weapons to ukraine this week. let's bring in kriti gupta for the details. what can we expect? kriti: we've had the british prime minister talk about long-range missiles, so ammunition is coming from other parts of the world, but drone warfare is getting replenished, $14 billion of defense when it comes to the machinery, equipment and firearms. this is a key piece of the equation because president trump's initial idea brought on right wing congressional representatives, but that has to do with aid in communities. not related to ukraine, that is the key part of the bill when the ports are in focus. we are looking at grain shipments under pressure as russia makes ground. tom: the ukraine segment was important but there was a lot including sanctions on our random, they are heavily sanctioned. do the sanctions move the dial? kriti: javier made a great point, it is about enforcement. the fine print is important because it's not just targeting refineries or ports or vessels, which is being done, it is targeting infrastru
clears the way for shipments of weapons to ukraine this week. let's bring in kriti gupta for the details. what can we expect? kriti: we've had the british prime minister talk about long-range missiles, so ammunition is coming from other parts of the world, but drone warfare is getting replenished, $14 billion of defense when it comes to the machinery, equipment and firearms. this is a key piece of the equation because president trump's initial idea brought on right wing congressional...
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Apr 24, 2024
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the bill also includes eight for ukraine and taiwan. here's what he said earlier today about it. >> it's going to start right away. in the next few hours, we will begin sending defense munitions ukraine. rocket systems, armored vehicles. this package is literally an investment. not only in ukrainian security, but in european security. in our own security. we are sending ukraine equipment from our own stockpiles. ♪ 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. (upbeat music) there's more to business than the business you're in. if you use data, that's the privacy business. manufacturing on demand? you're talking cloud business. got a few million hyper-connected customers? digital experience business. that was fast. that's where deloitte comes in. with the right combination of talent and technology to help advance and connect all that it takes to excel in business ... to the business i'm in. deloitte. sonali: this is "bloomberg markets
the bill also includes eight for ukraine and taiwan. here's what he said earlier today about it. >> it's going to start right away. in the next few hours, we will begin sending defense munitions ukraine. rocket systems, armored vehicles. this package is literally an investment. not only in ukrainian security, but in european security. in our own security. we are sending ukraine equipment from our own stockpiles. ♪ so many options. yeah, and dr. xichun even takes your sketchy insurance....
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Apr 23, 2024
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in fact, china would rather see a cease fire in ukraine, much rather see the cease-fire between israel and hamas where the russians don't want that. they want to see it all turn and that is a much more dangerous position for a country that is systemically important in their energy and resource exports, as well as all offensive cyber capabilities, espionage capabilities and nuclear capabilities. annabelle: thank you so much for your insights. plenty more on daybreak, this is bloomberg. ♪ hey you, with the small business... ...w you've got all kinds of bright ideas, that your customers need to know about. constant contact makes it easy. with everything from managing your social posts, and events, to email and sms marketing. constant contact delivers all the tools you need to help your business grow. get started today at constantcontact.com constant contact. helping the small stand tall. to me, harlem is home. but home is also your body. i asked myself, why doesn't pilates exist in harlem? so i started my own studio. getting a brick and mortar in new york is not easy. chase ink has supp
in fact, china would rather see a cease fire in ukraine, much rather see the cease-fire between israel and hamas where the russians don't want that. they want to see it all turn and that is a much more dangerous position for a country that is systemically important in their energy and resource exports, as well as all offensive cyber capabilities, espionage capabilities and nuclear capabilities. annabelle: thank you so much for your insights. plenty more on daybreak, this is bloomberg. ♪ hey...
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Apr 23, 2024
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to seize russian assets to build for ukraine. it involves -- all those things we think get through the package. the house put everything together to try to force the senate to vote on some of these things to it as we all know, the senate has been holding up a vote on the tiktok ban. the house deliberately put it this package to make sure that senate would vote on it, and that is why we expect everything to pass this week in the next day or two. annmarie: do you think we could see any amendments to this large package? jeannette: it is unlikely. if they do any mms, it would have to go back to the house or the house is on recess, meaning you would have to pull them back. we already had a lot of turmoil to get this package. the senate is looking to get the ukraine aid package out the door, and i think they are willing to support these other pieces, even though there will probably be some changes some members might like. annmarie: one provision in this package is the idea of the president can apply sanctions more sharply when it comes
to seize russian assets to build for ukraine. it involves -- all those things we think get through the package. the house put everything together to try to force the senate to vote on some of these things to it as we all know, the senate has been holding up a vote on the tiktok ban. the house deliberately put it this package to make sure that senate would vote on it, and that is why we expect everything to pass this week in the next day or two. annmarie: do you think we could see any amendments...
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Apr 19, 2024
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we have been through the russia-ukraine war and indian government has kept prices stable. energy price stability is vital for the growth of the indian economy and we will see more of the intervention by what is coming in as we go along. >> when it comes to relations between india and the u.s., how might it deep in with a third term of a modi government? >> i think there is a degree of comfort between india and the u.s. today that has not been there before, largely because of the emphasis on the u.s. relationship by the modi government for the past decade. to be fair to the u.s., a reciprocal emphasis on nations with india by separate u.s. administrations, i think that will continue. >> to interrupt you, new york times saying the israel defense officials has said the military has struck iran, new york times saying israel defense officials have said the military did to strike iran and new york times saying earlier as well the same thing and we will continue to bring you those headlines from the new york times as we get them. in terms of foreign relations, china possibly is t
we have been through the russia-ukraine war and indian government has kept prices stable. energy price stability is vital for the growth of the indian economy and we will see more of the intervention by what is coming in as we go along. >> when it comes to relations between india and the u.s., how might it deep in with a third term of a modi government? >> i think there is a degree of comfort between india and the u.s. today that has not been there before, largely because of the...
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Apr 19, 2024
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i'm $95 billion package to include a for ukraine, israel and taiwan. as we have been following it bloomberg, a provision would force tiktok to divest from its chinese-based parent company or face a potential ban. we are expecting lawmakers to work over the weekend on this. if we learned anything from this vote today, we expect this to pass overwhelmingly and on a bipartisan basis. more democrats voted for this bill today. the house has razor thin margins for the republican majority. mike johnson really needed democrats to get on board with this aid plan and support it but come to his defense if he potentially faces and ouster. he's getting some really strong pushback from some conservative members of the party, notably marjorie taylor greene who is threatening to put forward a motion to vacate and oust speaker johnson. we have seen democrats come to his defense, saying he put forward the eight and they would support him if it comes to that. we are expecting this finalized vote likely tomorrow. the senate will have to repackage this. i spent a long time
i'm $95 billion package to include a for ukraine, israel and taiwan. as we have been following it bloomberg, a provision would force tiktok to divest from its chinese-based parent company or face a potential ban. we are expecting lawmakers to work over the weekend on this. if we learned anything from this vote today, we expect this to pass overwhelmingly and on a bipartisan basis. more democrats voted for this bill today. the house has razor thin margins for the republican majority. mike...
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Apr 19, 2024
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what is ukraine's defense situation? ollie: it will not be enough. ammunition shortage is something we have been talking about. russia is firing more artillery shells. really focusing within ukraine on power and they sending another patriot system. they can expect six on the way, great frustration best embodied by candidate tweet put out by donald to's that of all the words said about common defense could be changed into bullets, europe would become one of the strongest powers in the world and that echoed some things we've heard from defense ceos saying if you want to deliver on a paradigm for european defense, we need to make decisions now and the question is around financing, but there is a disconnect between rhetoric and action. we said the german foreign minister push for support, but the major breakthrough is mike johnson bringing this to the house to get aid that has been stalled for six months. that could have movement tomorrow. tom: does johnson get that or ousted by republicans in his own party? mario with priorities europe should focus on,
what is ukraine's defense situation? ollie: it will not be enough. ammunition shortage is something we have been talking about. russia is firing more artillery shells. really focusing within ukraine on power and they sending another patriot system. they can expect six on the way, great frustration best embodied by candidate tweet put out by donald to's that of all the words said about common defense could be changed into bullets, europe would become one of the strongest powers in the world and...
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Apr 26, 2024
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so that is sort of the way the chinese government is seeing what's come about with russia and ukraine. paul: we have plenty more to come on daybreak asia. this is bloomberg. ♪ paul: barclays shares jumped the most in more than a year after higher equities trading. the ceo told us exclusively he's expecting more uptick in stocks and deal flow. >> deal flow and the equity markets themselves have been starting to show buoyancy. we are on our equity flow here and our own numbers and equities have shown an uptick for this quarter versus the same last year. i think deal flow is increasing. our own energy business and sustainability business and the transition business, we've seen nine deals in the last quarter and a bit. i do think there's a deal flow happening. i think it is very early, you have to give it a quarter or two to cement. >> is barclays prepare to capitalize on that when it does come to fruition and sees momentum, is barclays position to capitalize given a bit of an accidents -- exodus in terms of bankers and lower advisories fees compared to american peers? >> it's a very ve
so that is sort of the way the chinese government is seeing what's come about with russia and ukraine. paul: we have plenty more to come on daybreak asia. this is bloomberg. ♪ paul: barclays shares jumped the most in more than a year after higher equities trading. the ceo told us exclusively he's expecting more uptick in stocks and deal flow. >> deal flow and the equity markets themselves have been starting to show buoyancy. we are on our equity flow here and our own numbers and...
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Apr 25, 2024
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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 year. three decade lows for the yen. we get the decision on friday, but pce comes out on friday, that could
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...
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Apr 22, 2024
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is sending more missiles to ukraine including lower integrated weapons. plenty more to come on "daybreak: australia. stay with this is bloomberg. ♪ annabelle: this is "daybreak: asia." a quick check of the bond space, a bit of a retreat for yields, very much tracking which came through with treasuries overnight in the session. it is the changing expectation around tensions in the middle east, they appear contained for now. also bond traders are looking ahead to a record of action that signals perhaps, 5% yield is the peak. certainly that will be a key test and a very tricky week as well because we are looking at the market absorbing nearly $185 billion calendar up to your notes, five-year notes and 7 --year note sales. something we are tracking very closely here, paul. paul: let's look at the morning because i had of the asian trading day. blackrock says bond investors are facing a painful run-up in yields and may soon find relief. the cao of global fixed income season two rate cuts by the fed this year as inflation moderates in the months ahead. for no
is sending more missiles to ukraine including lower integrated weapons. plenty more to come on "daybreak: australia. stay with this is bloomberg. ♪ annabelle: this is "daybreak: asia." a quick check of the bond space, a bit of a retreat for yields, very much tracking which came through with treasuries overnight in the session. it is the changing expectation around tensions in the middle east, they appear contained for now. also bond traders are looking ahead to a record of...
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Apr 24, 2024
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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 are starting a policy meeting today. that is our bloomberg question of the day in fact. will the boj or the fed move rates more in 2024? that's a question i never really thought we would be as
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...
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Apr 25, 2024
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we saw how the aid for taiwan, ukraine, pretty much linked to tiktok ban, divest or get banned. >> 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
we saw how the aid for taiwan, ukraine, pretty much linked to tiktok ban, divest or get banned. >> 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...
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Apr 21, 2024
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and in a year where recession fears abound, a war in ukraine rages for a second year, and geopolitical tensions across the globe are boiling under the surface, three wall street veterans look five to 10 years out on where wealth could be destructed even further.
and in a year where recession fears abound, a war in ukraine rages for a second year, and geopolitical tensions across the globe are boiling under the surface, three wall street veterans look five to 10 years out on where wealth could be destructed even further.
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Apr 23, 2024
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sell and their contracts which are classified but it's clear that the weapons we've been shipping to ukraine, to israel and other parts of the world have in a big room for a lot of the defense contractors including lucky. in the most recent year, the defense department's total procurement budget actually went up 30%. lockheed is the number two vendor, only seconds to rtx at the end of last year but since then, two major bills of come out of congress including the foreign aid bill passed this weekend and that provides a win under lockheed sales. sonali: some of those are after the quarter. they reported that the bill just passed. how do you think about lockheed martin's guidance financially given those goons. romaine: they gave guidance last time and the shares fell but they are standing by that. they are seeing 68 or $70 billion on a full year revenue. they are about 26 percent on an eps basis. i sat down with the cv -- the cfo as well as the coo and they said they are comfortable with those numbers. they think the cyclical issues, the macro issues and the defense department procurement issu
sell and their contracts which are classified but it's clear that the weapons we've been shipping to ukraine, to israel and other parts of the world have in a big room for a lot of the defense contractors including lucky. in the most recent year, the defense department's total procurement budget actually went up 30%. lockheed is the number two vendor, only seconds to rtx at the end of last year but since then, two major bills of come out of congress including the foreign aid bill passed this...
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Apr 20, 2024
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and in a year where recession fears abound, a war in ukraine
and in a year where recession fears abound, a war in ukraine
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Apr 23, 2024
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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 that funds can make money off of. some are active in hiring like millennium. paul: so it anecdotally, what are we hearing from people hiring traders? what is
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:...
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Apr 25, 2024
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down for the first time in almost two years, probably because congress delayed passing the israel and ukraine military aid package. it was the inflation numbers that caught wall street's attention, particularly the core on a year-over-year basis, up 3.7%. what you want to look at is on the far right, the white line and the blue line going up. that is not the direction the fed wants to see. is it because we saw january and february numbers revised? or is it because we are going to get a big surprise tomorrow? tomorrow, we are expecting 3/10 for the headline and the core. this is for the march pce, which is in this quarterly number, but we don't know what it is yet. they are expecting the headline to rise, the court to go down a little bit. if we don't get that, you may have another market selloff tomorrow. we have got some other news just breaking now, a home sales up by 4% -- a significant beat. the forecast was for just a 0.4%. the forecast is worse than it was last month. home sales still in a bit of difficulty because of mortgage rates. what is interesting is, on a percentage basis, home s
down for the first time in almost two years, probably because congress delayed passing the israel and ukraine military aid package. it was the inflation numbers that caught wall street's attention, particularly the core on a year-over-year basis, up 3.7%. what you want to look at is on the far right, the white line and the blue line going up. that is not the direction the fed wants to see. is it because we saw january and february numbers revised? or is it because we are going to get a big...
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Apr 25, 2024
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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 americans are using. what do you think will happen? >> i think the announcement today they weren't going to sell was to be expected. tiktok has said it will wage an intense legal battle. the question is with all this uncertainty, tiktok has a lot of loyal users. many
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...
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Apr 19, 2024
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congress looks set to approve some $95 billion in long stalled aid to ukraine, israel, and taiwan. house democrats have lined up to back speaker mike johnson's proposal and overcome a plan to blockade attempt by republican conservatives. the house is expected to vote on saturday, with the senate taking it up as soon as next week. the plan largely mirrors a package that already passed the upper house in february. the u.s. has imposed fresh sanctions on iran over this month's strike on israel, targeting 16 people and to tease -- and entities. 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 p
congress looks set to approve some $95 billion in long stalled aid to ukraine, israel, and taiwan. house democrats have lined up to back speaker mike johnson's proposal and overcome a plan to blockade attempt by republican conservatives. the house is expected to vote on saturday, with the senate taking it up as soon as next week. the plan largely mirrors a package that already passed the upper house in february. the u.s. has imposed fresh sanctions on iran over this month's strike on israel,...
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Apr 24, 2024
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of concern in washington and the west, especially europe, about china's support for russia's war in ukraine. china's banks, the use of the yuan and rmb within russia as a payment system for imports. these are all things the u.s. and europe are taking objection to because they believe it has helped russia continue to make the advances we have seen on the battlefield and continue to prosecute the war in a way that's causing concern. that's going to be i would think a threat that's on the table, something the united states is going to be considering as a way to try to get china not to do these sorts of things, to cut off its support for russia. annabelle: that was the greater china executive editor jean-l iu. you are taking a look at live pictures here from washington. they $95 billion emergency aid package for kyiv and other u.s. allies is moving forward in the senate. it is on track for a congressional approval and that legislation includes a measure forcing bytedance, the chinese tech giant, to divest ownership of tiktok or face a u.s. ban. bytedance earlier said it has no intention of sell
of concern in washington and the west, especially europe, about china's support for russia's war in ukraine. china's banks, the use of the yuan and rmb within russia as a payment system for imports. these are all things the u.s. and europe are taking objection to because they believe it has helped russia continue to make the advances we have seen on the battlefield and continue to prosecute the war in a way that's causing concern. that's going to be i would think a threat that's on the table,...
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Apr 26, 2024
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there will be these challenges across the world, whether that is in israel, ukraine, or asia, and we are committed to making sure that we can support the global markets that we serve with a strategy that we really was billed a turbulent world. ed: let's end on ai accelerators. gaudi is on track for 500 million this year. a we'll probably domd 3.5 billion. nvidia will do 34 billion. you have said that choice is important and also the cpu was important and i accept that many share it. do you see a clear path where the numbers i outlined rebalance in your favor in the ai accelerator market going forward? pat: given the strength that we saw at our vision event, we had 20 plus customers coming out publicly in support of our accelerator strategy, we are starting to see that pipeline of activity convert. and ultimately much of the activity that you have seen so far on generative ai has been in cloud training. now i think the ultimate monetization of ai happens as business deployments start to occur and those are the areas we see strike. we launched the open platform for enterprise ai. how d
there will be these challenges across the world, whether that is in israel, ukraine, or asia, and we are committed to making sure that we can support the global markets that we serve with a strategy that we really was billed a turbulent world. ed: let's end on ai accelerators. gaudi is on track for 500 million this year. a we'll probably domd 3.5 billion. nvidia will do 34 billion. you have said that choice is important and also the cpu was important and i accept that many share it. do you see...
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Apr 26, 2024
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russia's war in ukraine is this big, continued obstacle, and there have been repeated threats of reprisal, so there are a lot of issues blinken is trying to thread the needle here. tom: you have long chart of the evolution of this relationship between china and the u.s. when it comes to efforts to stabilize the relationship, where are we on that front? >> there are two elements to watch. at the big trend is we continue to 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 positi
russia's war in ukraine is this big, continued obstacle, and there have been repeated threats of reprisal, so there are a lot of issues blinken is trying to thread the needle here. tom: you have long chart of the evolution of this relationship between china and the u.s. when it comes to efforts to stabilize the relationship, where are we on that front? >> there are two elements to watch. at the big trend is we continue to see both sides trying to stick by the commitments that were made...
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Apr 26, 2024
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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's bring back our guest from fidelity international. she believes china's outlook from -- four controlled optimization is supported by policy measures. talk about these targeted policy measures. >> for china's case, our base case for stabilization remains intact. we have seen support from sectors reflected by activities and supports and in terms of growth we are on a gradual recovery path. services, consumption and industry activities are on track and property sectors continue to face pressures. under this scenario i think the policy is determined on yield growth drivers, which means targeted easing policies will be rolled out to support these growth drivers, to stabilize the growth going forward. haslinda: those new drivers won't be kind, yes th
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's bring back our guest from fidelity international. she believes china's outlook from -- four controlled optimization is supported by policy measures....
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Apr 24, 2024
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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 argument is that this is very similar to regulations that the government has on who can own broadcast stations, for example. or radio stations. they've had these kinds of regulations in the past. of course, this is an immensely popular social media network that 170 million americans a
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...
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Apr 25, 2024
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you wonder if it is one of those things that is a shift in timing because congress didn't pass the ukraine-israel bill which will spend a lot of that money in the united states rebuilding ammunition and stocks, that we will see that come up later in the year and contributes to more growth. if you are the fed, you have to take all of these little things into consideration. i might walk back the idea of stagflation and say this is kind of a statistically mixed report. is this the -- it does not necessarily say growth has slowed significantly and you need to react to that. jonathan: statistically, what are you calling this? a mixed report? let's go with that. equity futures on the s&p 500 are down 1.5%. here is your bloomberg brief with dani burger. >> shares are down by 8% in the premarket. in a statement that showed how big of a told the boeing crisis has had on the industry, southwest has said the growth is slowing. they will be limiting higher. boeing has spin said to only give them 20 737 max airplanes. it is smooth sailing for oil in the caribbean. shares are higher by 2% -- royal caribbean, s
you wonder if it is one of those things that is a shift in timing because congress didn't pass the ukraine-israel bill which will spend a lot of that money in the united states rebuilding ammunition and stocks, that we will see that come up later in the year and contributes to more growth. if you are the fed, you have to take all of these little things into consideration. i might walk back the idea of stagflation and say this is kind of a statistically mixed report. is this the -- it does not...
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Apr 19, 2024
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unreliability with ukraine funding and trade deals with usmca. in terms of the dollar and the physical, was glad to see the imf adding loud because sometimes they are scared to do real surveillance on china-u.s., the big economies. we got open ended fiscal problems. we've got this threat that by end of 2020 five, the 2017 tax cuts expire. whoever is in congress or who's ever in the white house has to make a deal. there's no historical precedent for letting tax cuts expire and having them jump 7%. the nature of that deal is only's just is certainly not going to include a tax increase and without a tax credit -- increase i don't know how you get the budget -- the deficit down. lisa: are you saying we need the benchmark rate higher to get inflation back down to 2%? >> i think it has to be higher if you want to go to 2%. i am actually calm with the fed letting it stay roughly where it is in saying it's a two-sided risk as john williams started to say. i would be ok with that but i believe the monetary conditions are not tight. a year ago in february,
unreliability with ukraine funding and trade deals with usmca. in terms of the dollar and the physical, was glad to see the imf adding loud because sometimes they are scared to do real surveillance on china-u.s., the big economies. we got open ended fiscal problems. we've got this threat that by end of 2020 five, the 2017 tax cuts expire. whoever is in congress or who's ever in the white house has to make a deal. there's no historical precedent for letting tax cuts expire and having them jump...
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Apr 26, 2024
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blinken said in his speeches that the chinese continued support russian material in its war against ukraine. that the u.s. is ok with for now it would probably prefer to get the iranian oil off the market particularly if donald trump comes back in. you have this tech competition which is looming in the background of the relationship where a lot of american companies are trying to decouple and to vest away from china because of the increased threat they perceive both in the operating environment in china but also america's politicians very hawkish turn that could lead to a sudden stop in relations at some point. >> the amount of influence that beijing has over iran has over russia and the amount of influence they have over china to do something about it. how much influence to both sides have? >> the u.s. influence comes in the form of sanctions. they could sanction chinese entities buying iranian oil. they could sanction more chinese entities that are supplying dual use goods to russia. they are not yet in order to preserve the relationship and maintain gas prices. but they have the power to
blinken said in his speeches that the chinese continued support russian material in its war against ukraine. that the u.s. is ok with for now it would probably prefer to get the iranian oil off the market particularly if donald trump comes back in. you have this tech competition which is looming in the background of the relationship where a lot of american companies are trying to decouple and to vest away from china because of the increased threat they perceive both in the operating environment...