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Apr 30, 2024
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he how far hsbc has come in the last few ears. , , how far hsbc has come in the last few ears. h, , ., , how far hsbc has come in the last few ears. ,, , ., , , few years. he says he wants better worklife balance _ few years. he says he wants better worklife balance and _ few years. he says he wants better worklife balance and is _ few years. he says he wants better worklife balance and is planning i few years. he says he wants better worklife balance and is planning to| worklife balance and is planning to move into a portfoliojob worklife balance and is planning to move into a portfolio job so we will see what his next moves are. who are the leading contenders to take over? certainly a couple of internal candidates. it is interesting that hsbc has already said they are looking for an internal candidate to succeed to get the continuity element. it looks like taking. it has reduced its eyes and other parts of the globe. it is well positioned for a rebalance later this year. it is looking for someone to keep this going, not to make some radical departure in the near term. what de
he how far hsbc has come in the last few ears. , , how far hsbc has come in the last few ears. h, , ., , how far hsbc has come in the last few ears. ,, , ., , , few years. he says he wants better worklife balance _ few years. he says he wants better worklife balance and _ few years. he says he wants better worklife balance and is _ few years. he says he wants better worklife balance and is planning i few years. he says he wants better worklife balance and is planning to| worklife balance and is...
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Apr 30, 2024
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it looks that way from hsbc. now? it looks that way from hsbc- the _ now? it looks that way from hsbc. the encouragement i now? it looks that way from i hsbc. the encouragement and expectations to hit their targets, what we want to see as they have had deposits getting more expensive. like many uk banks have seen. it is a worldwide phenomenon now that we have interest rates began, its a funny thing to say that, it's a funny thing to say that, that adjustment is still in process as banks, the interest margins adjust. hsbc�*s net interest margin between what they pay for deposits and loans shrink slightly so like other banks getting a bit more worried. banks getting a bit more worried-— banks getting a bit more worried. ., ., ~ , ., worried. peter hahn, thank you for our worried. peter hahn, thank you for your thoughts _ worried. peter hahn, thank you for your thoughts on _ worried. peter hahn, thank you for your thoughts on hsbc. - worried. peter hahn, thank you for your thoughts on hsbc. the chief executive noel quinn has announced he is to retire so th
it looks that way from hsbc. now? it looks that way from hsbc- the _ now? it looks that way from hsbc. the encouragement i now? it looks that way from i hsbc. the encouragement and expectations to hit their targets, what we want to see as they have had deposits getting more expensive. like many uk banks have seen. it is a worldwide phenomenon now that we have interest rates began, its a funny thing to say that, it's a funny thing to say that, that adjustment is still in process as banks, the...
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Apr 30, 2024
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hsbc. quite an interesting time. he is looking to build a portfolio career. interesting to find out why he left his post. >> he had been at the helm for about five years, really consequential. they continue that search for his successor. the buyback stood out. what other details? charlie: it's surprising were seeing this change at a time when the bank has been performing well. we saw net interest margin was a needs, but their forward guidance was in line with what they talked about in be wary and that may disappoint. there's been the hope they can diversify away from being reliant on net interest income and we are seeing positive signs like they are having a positive story on wealth management, really important. the hope is that we see strength in transactions. tom: a major spanish lender, what are the details? charlie: they reported net income that missed analysts, but underneath they had a positive story. loan loss provisions were better. that income was better than expected and the story
hsbc. quite an interesting time. he is looking to build a portfolio career. interesting to find out why he left his post. >> he had been at the helm for about five years, really consequential. they continue that search for his successor. the buyback stood out. what other details? charlie: it's surprising were seeing this change at a time when the bank has been performing well. we saw net interest margin was a needs, but their forward guidance was in line with what they talked about in be...
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Apr 9, 2024
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that is exactly how hsbc feels. although probably the rate cut will be slower this time, but it is kind of confident to say fed is near the gun the hiking cycle. that will take pressure from them. at the same time we do see chinese economy continue to rebound. that will put some anchor to the exchange rate. haslinda: yuan has been anchored because of the pboc fixing. without that, where would it be? >> that is interesting question. over past several days we see convergence between exchange rate, so that show to some extent the recent data print .2 stronger fundamental can support the yen. in the fed going more dovish can help. haslinda: the market is looking at stimulus from china. can we expect that? >> by our calculation the fiscal impulse will be stronger than last year and that comes in different formats, including we see the special chair rebound. and we can see the central government is shifting more spending responsibility to its own shoulder. of that will help when local government are quite tight in their b
that is exactly how hsbc feels. although probably the rate cut will be slower this time, but it is kind of confident to say fed is near the gun the hiking cycle. that will take pressure from them. at the same time we do see chinese economy continue to rebound. that will put some anchor to the exchange rate. haslinda: yuan has been anchored because of the pboc fixing. without that, where would it be? >> that is interesting question. over past several days we see convergence between...
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Apr 30, 2024
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quinn took the reins of hsbc in march 2020. you can see hsbc shares moving more than 3% higher. that's going to do it for today's show. i'm frank holland. "worldwide exchange" is up next. we put our heart into everything we do. we are farmers, bakers, florists and makers who grow and create with a passion. 1-800 flowers. share with love. what is cirkul? cirkul is the fuel you need to take flight. cirkul is the energy that gets you to the next level. cirkul is what you hope for when life tosses lemons your way. cirkul, available at walmart and drinkcirkul.com. and they're all coming? those who are still with us, yes. grandpa! what's this? your wings. light 'em up! gentlemen, it's a beautiful... ...day to fly. >>> it is 5:00 a.m. here at cnbc global headquarters and here is your "five@5." >>> we begin with win streak snapped. stocks look to close out the worst month since september and we look at the latest fed decision. >>> earnings at the half. investors bracing for another busy day of reports including the latest from amazon. >>> and also look out for the golden arches. let's s
quinn took the reins of hsbc in march 2020. you can see hsbc shares moving more than 3% higher. that's going to do it for today's show. i'm frank holland. "worldwide exchange" is up next. we put our heart into everything we do. we are farmers, bakers, florists and makers who grow and create with a passion. 1-800 flowers. share with love. what is cirkul? cirkul is the fuel you need to take flight. cirkul is the energy that gets you to the next level. cirkul is what you hope for when...
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Apr 8, 2024
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more from the hsbc global investors summit this hour. we will speak exclusively with the nse's ceo, plus, janet yellen preparing to meet the pboc governor as she says her china visit is putting relations on a firmer footing. first, let's get you to markets and annabelle droulers is on top of that. annabelle: we're heading through the morning session and it is looking mixed. a couple of things are standing out to us when we look at the different functions this morning. really it is that focus on what's happening. broadly stocks are eking out gains. we will get to why in just a minute. what is moving to the downside mostly as chinese equities. coming back from a longer two-day holiday, coming back to some negative new sentiment as well. one story dominating today is shimao, a default in chinese developer, one of several we are tracking, but shimao has received a winding up petition, a chinese estate maker is asking a court to liquidate that company. that is writing down the index and affecting sentiment so far. even though we see the hang
more from the hsbc global investors summit this hour. we will speak exclusively with the nse's ceo, plus, janet yellen preparing to meet the pboc governor as she says her china visit is putting relations on a firmer footing. first, let's get you to markets and annabelle droulers is on top of that. annabelle: we're heading through the morning session and it is looking mixed. a couple of things are standing out to us when we look at the different functions this morning. really it is that focus on...
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Apr 30, 2024
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that hsbc and quinn have been caught up in. quinn has definitely managed that, so the new ceo will have to have the political mouse to do that. the other thing they will have to do is look at diversifying their business away from relying on net interest income. that is getting into more areas like wealth management and insurance. so there are some challenges ahead for hsbc. quinn's legacy is that he steadied the ship and his successor will have to build on that. haidi: and what a ship, this multiyear turnaround for hsbc has been glacial in a lot of ways. but he is leaving on a high. he has managed to see through these record profits. things may not be as easy going forward? russell: that's right. just taking interest income as one example, he has written the wave of massive rate increases, that environment that has helped other bank's lending income. now they are looking at rate cuts, albeit delayed perhaps. that is just one area where there are going to be challenges with a potential squeeze on the interest income. then of cou
that hsbc and quinn have been caught up in. quinn has definitely managed that, so the new ceo will have to have the political mouse to do that. the other thing they will have to do is look at diversifying their business away from relying on net interest income. that is getting into more areas like wealth management and insurance. so there are some challenges ahead for hsbc. quinn's legacy is that he steadied the ship and his successor will have to build on that. haidi: and what a ship, this...
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Apr 9, 2024
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hsbc executives again exclusively at the bank's global investment summit. annabelle droulers also in hong kong. annabelle: chinese markets and equities, we are seeing them go into their lunch break. a little out of the red but i wanted to talk about one of the sectors advancing so far in the session read gaming stocks, you can see less trade because some of those are in their lunch break. but still we are getting quite a few movers to the upside coming through. what's driving that is interesting. we had a note from citibank and they are saying we can possibly expect more gaming approvals to come this year from beijing. we had latest list for april. china approved 14 imported titles. less than what we saw in february, but still an uptick in the frequency of green lights coming through, so positively constructive for gaming. let's change on because what's really moving to the upside today is taiwan. it is certainly the stand out so far. it relates to one story, this is tsmc, this is got a 11.6 billion dollar grant from the u.s. and they are giving loans for s
hsbc executives again exclusively at the bank's global investment summit. annabelle droulers also in hong kong. annabelle: chinese markets and equities, we are seeing them go into their lunch break. a little out of the red but i wanted to talk about one of the sectors advancing so far in the session read gaming stocks, you can see less trade because some of those are in their lunch break. but still we are getting quite a few movers to the upside coming through. what's driving that is...
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Apr 9, 2024
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and before we go hsbc is selling off its business in argentina at a i—billion—dollar loss, after years of battling with the country's unstable exchange rate. just to give you an idea, five years ago, one dollar could be exchanged for 43 pesos. it is now worth more than 860 pesos. hsbc argentina, which has more than 100 branches and 3,100 employees, will be bought by a major argentine financial group. and that's it for this edition of asia business report. hey, i'm steven with the catch up. tonight — champions league security, harry styles tour guides and a goat invasion. we're starting with this week's champions league matches and heightened policing at stadiums after concerns about security. it follows threats on social media by a channel that supports the islamic state group. one of the places mentioned is the emirates where arsenal play. police say they have a robust plan in place to keep people safe. security is also being stepped up at stadiums in france and spain. there's no threat to any specific matches. the uk terror threat level is still at substantial — meaning, an attac
and before we go hsbc is selling off its business in argentina at a i—billion—dollar loss, after years of battling with the country's unstable exchange rate. just to give you an idea, five years ago, one dollar could be exchanged for 43 pesos. it is now worth more than 860 pesos. hsbc argentina, which has more than 100 branches and 3,100 employees, will be bought by a major argentine financial group. and that's it for this edition of asia business report. hey, i'm steven with the catch up....
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Apr 10, 2024
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i mean, before we go, hsbc is selling off its business in argentina at a $1 billion loss, after years of battling with the country's unstable exchange rate. just to give you an idea, five years ago, one dollar could be exchanged for 43 pesos. it is now worth more than 860 pesos. annual inflation there hit more than 276% last month, the highest in the world. hsbc argentina, which has more than 100 branches and 3,100 employees, will be bought by a major argentine financial group. in the markets japan's nikkei is down 0.27% as investors wait for major us banks to kick off the earnings reporting season this week. many stock markets in the region, including singapore, indonesia and india are closed for eid al—fitr, it is one of biggest celebrations on the islamic calendar. we wish all of you celebrating a very happy selamat hari raya. hello. i am steven with the catch up. tonight, champions league security, harry styles tour guides and a goat invasion. we are starting with this week's champions league matches and heightened policing at stadiums after concerns about security. it follows t
i mean, before we go, hsbc is selling off its business in argentina at a $1 billion loss, after years of battling with the country's unstable exchange rate. just to give you an idea, five years ago, one dollar could be exchanged for 43 pesos. it is now worth more than 860 pesos. annual inflation there hit more than 276% last month, the highest in the world. hsbc argentina, which has more than 100 branches and 3,100 employees, will be bought by a major argentine financial group. in the markets...
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Apr 16, 2024
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the ceo of hsbc innovation banking u.k. for some other stories making the news, with an eye still on the tech space. the chief of google's business as the company will spend more than 100 million dollars developing ai technology, another sign of the investing arms race that is whipping silicon valley. meanwhile, donald trump's first criminal trial got off to a slow start with installing over disagreements about evidence of last-minute arguments. jury selection did not kick off until the final hours of the day as the lawyers argued with prosecutors over which evidence will be admissible. more than half of the first panel of 96 potential jurors had to be excused after saying they cannot be impartial. we will show you the data out of the u.k. what it means for the boe. that is next. this is bloomberg. ♪ tom: welcome back to bloomberg daybreak: europe. happy tuesday. data dropping 7:00 a.m. u.k. time. a little over five minutes time on wages and the jobs picture here in the u.k. inflation drops on wednesday. rounding out the
the ceo of hsbc innovation banking u.k. for some other stories making the news, with an eye still on the tech space. the chief of google's business as the company will spend more than 100 million dollars developing ai technology, another sign of the investing arms race that is whipping silicon valley. meanwhile, donald trump's first criminal trial got off to a slow start with installing over disagreements about evidence of last-minute arguments. jury selection did not kick off until the final...
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Apr 30, 2024
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the net profit of the british bank hsbc decreased by almost 1.5%, deciding stop doing business in our country. the data is presented in the company’s reporting, which also states that the deal for the sale of the russian subsidiary to expo-bank is planned to be closed this quarter. let me remind you that the deal took place back in july of twenty-two in accordance with the presidential decree on special measures in connection with the actions of unfriendly countries; a separate permit was required, which expobank received in february of this year. hsbc in russia mainly works with corporate clients, is engaged in lending and investment banking activities. expobank specializes in lending to medium-sized businesses. issuance of bank guarantees for transactions with securities. at the g7 meeting in turin, the abandonment of russian lng is discussed. this was stated by the minister of environment and energy security of italy. on the one hand, the official noted that the results of the discussion could be announced soon. on the other hand, he emphasized that there is no final decision on
the net profit of the british bank hsbc decreased by almost 1.5%, deciding stop doing business in our country. the data is presented in the company’s reporting, which also states that the deal for the sale of the russian subsidiary to expo-bank is planned to be closed this quarter. let me remind you that the deal took place back in july of twenty-two in accordance with the presidential decree on special measures in connection with the actions of unfriendly countries; a separate permit was...
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Apr 11, 2024
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paul: hsbc asset management and kate ridgedale speaking with yvonne man in hong kong. bloomberg new voices is an initiative focused on amplifying the voices of women and underrepresented voices in finance. the strivers can see more from that launch event on the terminal and online. we have plenty more ahead. this is bloomberg. ♪ you know what's brilliant? boring. think about it. boring is the unsung catalyst for bold. what straps bold to a rocket and hurtles it into space? boring does. great job astro-persons. over. boring is the jumping off point for all the un-boring things we do. boring makes vacations happen, early retirements possible, and startups start up. because it's smart, dependable, and steady. all words you want from your bank. taking chances is for skateboarding... and gas station sushi. not banking. that's why pnc bank strives to be boring with your money. the pragmatic, calculated kind of boring. moving to boca? boooring. that was a dolphin, right? it's simple really, for nearly 160 years, pnc bank has had one goal: to be brilliantly boring with your
paul: hsbc asset management and kate ridgedale speaking with yvonne man in hong kong. bloomberg new voices is an initiative focused on amplifying the voices of women and underrepresented voices in finance. the strivers can see more from that launch event on the terminal and online. we have plenty more ahead. this is bloomberg. ♪ you know what's brilliant? boring. think about it. boring is the unsung catalyst for bold. what straps bold to a rocket and hurtles it into space? boring does. great...
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Apr 30, 2024
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ceo noel quinn is retiring from hsbc. hsbc says it launched the process to find a successor. shares up 3.5%. >>> hong kong rolling out the spot etfs today. the three chinese asset managers launching two funds tracking bitcoin and ethereum prices. the first bitcoin etf was lan m launched in january. >>> and china manufacturing was at a slower pace in february. manufacturing pmi slipping to 50.4 which was ahead of forecast. the separate private factory shows the activity grew quickly as new export orders rose. >>> we are looking at samsung profit jumping in the first quarter. it beat forecast on the memory chips and sales of the galaxy smartphones. it expects the chip market to remain solid. samsung shares up 1%. >>> coming up, the one word every investor needs to know today and why the fed needs to pivot. we'll be right back after this break. (♪♪) at enterprise mobility, our experts always see another road. because when there's no limit to how far mobility can go, there's no limit to how far businesses can go. (♪♪) food isn't just fuel to live. it's fuel to grow. my fa
ceo noel quinn is retiring from hsbc. hsbc says it launched the process to find a successor. shares up 3.5%. >>> hong kong rolling out the spot etfs today. the three chinese asset managers launching two funds tracking bitcoin and ethereum prices. the first bitcoin etf was lan m launched in january. >>> and china manufacturing was at a slower pace in february. manufacturing pmi slipping to 50.4 which was ahead of forecast. the separate private factory shows the activity grew...
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Apr 8, 2024
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we will bring that story next as well as an interview with hsbc. it is looking to bolster its wealth management business in china and india. we will hear more from that exclusive interview with the ceo , noel quinn. stay with us. this is bloomberg. ♪ welcome back to bloomberg daybreak euro. we will head to africa now where zimbabwe is reprising its battered dollar with a new unit that will be backed by currencies, gold and other precious metals. this is a byway six attempt to have a functional currency since 2008. just talk to us about this transition to the new currency. >> it has been a long time coming judging from the current state of the zimbabwe economy. inflation is high. this about wayne dollar has lost near 7.5% of its value to the dollar this year alone. that was -- they waited with bated breath. the central bank says they have up to 285 billy does up is truly happening is are we calibrate in their systems and raising the current balances in the central bank governor who assumed his role a month earlier that inspected says a couple of c
we will bring that story next as well as an interview with hsbc. it is looking to bolster its wealth management business in china and india. we will hear more from that exclusive interview with the ceo , noel quinn. stay with us. this is bloomberg. ♪ welcome back to bloomberg daybreak euro. we will head to africa now where zimbabwe is reprising its battered dollar with a new unit that will be backed by currencies, gold and other precious metals. this is a byway six attempt to have a...
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Apr 9, 2024
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lizzy: hsbc executives speaking to bloomberg at the global investment summit in hong kong. staying to banking, net banks outgoing ceo says south africa is a destination irrespective of the outcome of the election next month. joining me is bloomberg's jennifer. what is the reasoning behind this? jennifer: the big thing mike brown was telling us was his base case is in line with polls which suggest the ruling party is going to keep a majority or form coalition government, meaning continuity of policies. this is important if we look at the biggest issues facing the country. take a listen to what he told us. >> most analysts would say gdp growth for the next two to three years is between one and one half percent but at the same time most analysis says the problem is costing us 3% of gdp and logistics is costing 3% of gpt. if we resolve those through public-private partnerships, certainly a gdp growth extra. south africa growing at three or 4% is a different economy then one or one and a half percent. >> do you see that continuing? you've been part of the leadership community in
lizzy: hsbc executives speaking to bloomberg at the global investment summit in hong kong. staying to banking, net banks outgoing ceo says south africa is a destination irrespective of the outcome of the election next month. joining me is bloomberg's jennifer. what is the reasoning behind this? jennifer: the big thing mike brown was telling us was his base case is in line with polls which suggest the ruling party is going to keep a majority or form coalition government, meaning continuity of...
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Apr 10, 2024
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banking giant hsbc is set to take a billion—dollar loss after agreeing to sell its argentinian business which has been plagued by an unstable exchange rate in recent years. the bank said it's selling hsbc argentina, which has over 3,000 employees, to a major private financial group in the south american country. in a landmark case in michigan, james and jennifer crumbley have each been sentenced to 10 to 15 years in prison. the parents of the teenager who killed four people at oxford high school in 2018, were jailed for failing to secure the gun and ignoring warning signs in their son's behaviour. it's the first case to charge and convict the parents�* of a school gunman. france and spain say they're beefing up security at champions league matches in the wake of social media threats by an islamic state— affiliated group. british police said they had a robust plan in response to reports of threats ahead of arsenal's match against bayern munich in london on tuesday night. the threats follow several deadly islamic state attacks this year, including in iran and moscow. a group of older
banking giant hsbc is set to take a billion—dollar loss after agreeing to sell its argentinian business which has been plagued by an unstable exchange rate in recent years. the bank said it's selling hsbc argentina, which has over 3,000 employees, to a major private financial group in the south american country. in a landmark case in michigan, james and jennifer crumbley have each been sentenced to 10 to 15 years in prison. the parents of the teenager who killed four people at oxford high...
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Apr 19, 2024
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haidi: herald van der linde, head of asia equity strategy at hsbc. taking a look at movers 10 minutes or so into the start of trading, chipmakers in focus after the muted commentary from tsmc and other companies reporting across the space, not super positive either. we are seeing quite a bit of downside. sk hynix down over 3%. tokyo electron probably the worst performer. tsmc scaling back its outlook. really the caution when it comes to the smartphone and pc markets remaining weak despite posting his first profit increase in a year and beating estimates in the second quarter sales guidance. that semi market growth expectation being cut. taking a look at some streaming names on the back of netflix, we saw some very robust numbers. 9.3 3 million customers, the best start of the year since 2020 for netflix, but also saying gaines will slow. shares following suit. annabelle: certainly a lot of weakness across the screen so far. still to come, we will talk about the world's biggest exercise in democracy getting underway, the indian election. it is the fir
haidi: herald van der linde, head of asia equity strategy at hsbc. taking a look at movers 10 minutes or so into the start of trading, chipmakers in focus after the muted commentary from tsmc and other companies reporting across the space, not super positive either. we are seeing quite a bit of downside. sk hynix down over 3%. tokyo electron probably the worst performer. tsmc scaling back its outlook. really the caution when it comes to the smartphone and pc markets remaining weak despite...
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Apr 9, 2024
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hsbc is selling in argentina to focus on asia. the company will take a $1 billion pre-tax loss in the fiscal first quarter. hsbc is selling assets which include banking and asset management and insurance to the argentinean fifth's largest bank. >>> and bloomberg reports that blackstone will take l'occitane deal private. >>> berkshire hathaway is selling yen bonds. that is over warren buffett considering more investments in japan. berkshire is the first major overseas debt issuing insurance the bank of japan scrapped negligence tough rates last month. >>> we turn attention now to the cryptocurrency sector with bitcoin crossing above $72,000 for the first time since the middle of last month. we saw it down 1.5% this morning trading at $70,600. and the coin ethereum is fueled by the expectations of the approval of a spot ethereum etf. sarah kunst is still with us. we have the halving coming up in a few weeks and the ethereum which people see as a viable and useful crypto because you can build apps on it. >> when crypto comes back, it
hsbc is selling in argentina to focus on asia. the company will take a $1 billion pre-tax loss in the fiscal first quarter. hsbc is selling assets which include banking and asset management and insurance to the argentinean fifth's largest bank. >>> and bloomberg reports that blackstone will take l'occitane deal private. >>> berkshire hathaway is selling yen bonds. that is over warren buffett considering more investments in japan. berkshire is the first major overseas debt...
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Apr 10, 2024
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haidi: hsbc asset management daisy ho and kkr's katie ridgedale, speaking. bloomberg new voices is focused on amplifying the voices of women in finance. the number subscribers can see more of that event on the terminal and online. more ahead on "daybreak: australia." this is bloomberg. ♪ haidi: improving relations between beijing and canberra are brightening the outlook for us stocks that have faced. restrictions. for more, let's ring in jean mckay who has been looking at this. we heard from them ahead of the key meeting where we are expected to see those tariffs being dropped. have those moves been priced and already? jean: since speculation started mounting late last year, we have seen a jump in treasury shares and other data tariffs were scrapped, we saw a jump. we saw a jump in smaller companies like australian vintage. that was priced in any way. there are questions around how much of an uplift you're going to see in the earnings of these companies. prior to the levees, the china market with 30% of treasury's earnings. but since 2019 from a has just a
haidi: hsbc asset management daisy ho and kkr's katie ridgedale, speaking. bloomberg new voices is focused on amplifying the voices of women in finance. the number subscribers can see more of that event on the terminal and online. more ahead on "daybreak: australia." this is bloomberg. ♪ haidi: improving relations between beijing and canberra are brightening the outlook for us stocks that have faced. restrictions. for more, let's ring in jean mckay who has been looking at this. we...
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Apr 25, 2024
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fan cheuk wan, hsbc global private banking and wealth. thank you so much for joining us. that is our bloomberg question of the day as well. will the boj or the fed move rates more in 2024? that is becoming a very live question indeed. still to come, the clock is ticking for tiktok in terms of its fight against the u.s. divest or banned bill. eurasia group we joining us to tell us what this means for digital diplomacy. that conversation coming up later this hour. first we're going to have more on the investor backlash to meadows earnings as it doubles down on its ai ambitions. 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 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
fan cheuk wan, hsbc global private banking and wealth. thank you so much for joining us. that is our bloomberg question of the day as well. will the boj or the fed move rates more in 2024? that is becoming a very live question indeed. still to come, the clock is ticking for tiktok in terms of its fight against the u.s. divest or banned bill. eurasia group we joining us to tell us what this means for digital diplomacy. that conversation coming up later this hour. first we're going to have more...
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Apr 22, 2024
04/24
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big banks like barclays, natwest, hsbc, ring up some of their mortgage rate is fractionally, but that's part of a trend we've seen since these rates had a trough at the beginning of the year and they have started to go back up. other markets doing quite well, we've seen a record in the ftse 100 markets doing quite well, we've seen a record in the ftse100 but in terms of the interest rates, it is feared that inflation is giving a bit more sticky in the us and a little bit in the uk but also some uncertainty about the decision—making, the splits in the committees that decide these interest rates. thousands of social media posts offering to sell new super—strength street drugs have been removed from major platforms following a bbc investigation. the powerful synthetic opioids — known as nitazenes — have been linked to more than 100 uk deaths since lastjune. you can watch the investigation — called the new drug threat — in full on bbc iplayer. the main tv tower in ukraine's second biggest city kharkiv has been hit by a russian missile. the local military says the signal has been
big banks like barclays, natwest, hsbc, ring up some of their mortgage rate is fractionally, but that's part of a trend we've seen since these rates had a trough at the beginning of the year and they have started to go back up. other markets doing quite well, we've seen a record in the ftse 100 markets doing quite well, we've seen a record in the ftse100 but in terms of the interest rates, it is feared that inflation is giving a bit more sticky in the us and a little bit in the uk but also some...
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Apr 3, 2024
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that's kay cording to hsbc, who have just released their 15th market survey. joining us to join us is the global head of emerging markets research at hsbc. thank you so much for joining us today. i should note i believe the survey period was in the first quarter ending march 20th. so i wonder if you surveyed the respondents today there might be a slightly different response given the kind of pushback we've seen on a couple of central banks so far. but in terms of your survey findings, tell us why investors are starting to feel more bullish about emerging markets? >> sure, thank you very much. thanks for having me. indeed it's quite interesting that they were unfazed by this big repricing of price cuts from central banks, particularly the fed, where at the beginning of the year the markets were prizing in seven rate cuts. this has come down to less throughout the first quarter. and they were unfazed. you might argue this is the valuation or the excitement that down the road the rates will come down. as a matter of fact, we asked investors in the survey, what's
that's kay cording to hsbc, who have just released their 15th market survey. joining us to join us is the global head of emerging markets research at hsbc. thank you so much for joining us today. i should note i believe the survey period was in the first quarter ending march 20th. so i wonder if you surveyed the respondents today there might be a slightly different response given the kind of pushback we've seen on a couple of central banks so far. but in terms of your survey findings, tell us...
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Apr 17, 2024
04/24
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annabelle: latest corporate stories we are tracking, hsbc is said to have started a new round of job cuts at its asia investment bank. sources say the lender laid off around a dozen bankers on tuesday comes as dealmaking across asia had slowed, especially in hong kong and china other banks including ubs and goldman sachs made job cuts in asia over the past 18 months. country garden is said to be pushing back some offshore bond payments despite already getting a round of extensions last year. sources say it's untrue unit plans to extend coupon payments for bonds maturing in 2026. last month country garden missed a $13 million coupon payment triggering a 30 day trading day grace period. lvmh reported slower sales growth as wealthy consumers reined in spending. organic revenue at the luxury group's fashion unit rose 2% in the first quarter which is the slowest pace of growth since the pandemic began in 2020. sales in asia outside japan fell 6%, although chinese demand was higher. rio tinto has reported a sharp drop in first-quarter iron ore shipments as chinese demand remains soft. the
annabelle: latest corporate stories we are tracking, hsbc is said to have started a new round of job cuts at its asia investment bank. sources say the lender laid off around a dozen bankers on tuesday comes as dealmaking across asia had slowed, especially in hong kong and china other banks including ubs and goldman sachs made job cuts in asia over the past 18 months. country garden is said to be pushing back some offshore bond payments despite already getting a round of extensions last year....
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Apr 22, 2024
04/24
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the hsbc bank, that's the location. hsbc, in fact, was founded on. in fact, by opium traders. you know, so then it would be up to china and in bengal, the opium enterprise grew incredibly fast, but at the same time there was another center of opium production developing in marlow that also grew incredibly fast. so a period of, you know, basically five years, the amount of opium being sent to china is like a small tsunami. so the chinese were very well aware of all the dangers. and then finally to, you know, to clamp down on the opium. so the emperor sent a very famous mandarin called lindsey zhou, who actually did clamp on the opium trade. the british this as a casus belli. that was when they launched the first opium war on way. you know, the chinese were basically forced to continue to import. so i'll stop there and now, because they are and i will have a conversation. and this. oh, wow, what a great crowd. it's great to be here. thank you very much, rachel. thank you. and thank you for that presentation top. so basically is a book about how the british empire became narco st
the hsbc bank, that's the location. hsbc, in fact, was founded on. in fact, by opium traders. you know, so then it would be up to china and in bengal, the opium enterprise grew incredibly fast, but at the same time there was another center of opium production developing in marlow that also grew incredibly fast. so a period of, you know, basically five years, the amount of opium being sent to china is like a small tsunami. so the chinese were very well aware of all the dangers. and then finally...
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Apr 12, 2024
04/24
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they miss the hsbc are mexican drug running and also for sanctions broken. there have been quite substantial fines for money—laundering as well. fora bank fines for money—laundering as well. for a bank the size of morgan stanley, if they do find there are serious breaches. i would be looking at a fine of that kind of order. morgan stanley is a bit of a darling of the industry. it is settle a case at the beginning of the year. case at the beginning of the ear. �* ,., case at the beginning of the ear. �* . case at the beginning of the ear. ~ ., , ., , year. also warning the profits would fall _ year. also warning the profits would fall short. _ year. also warning the profits would fall short. do _ year. also warning the profits would fall short. do you - year. also warning the profits would fall short. do you thinkj would fall short. do you think a golden period is dying down? i think banks generally are entering a more difficult period than they have enjoyed for the last year or so. we are beginning to see pressure for rate cuts now. we certainly are
they miss the hsbc are mexican drug running and also for sanctions broken. there have been quite substantial fines for money—laundering as well. fora bank fines for money—laundering as well. for a bank the size of morgan stanley, if they do find there are serious breaches. i would be looking at a fine of that kind of order. morgan stanley is a bit of a darling of the industry. it is settle a case at the beginning of the year. case at the beginning of the ear. �* ,., case at the beginning...
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Apr 30, 2024
04/24
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the surprise hsbc is searching for a new ceo following the surprise news its current boss is to retire from running europe's largest bank. and costs rise as businesses grapple with new physical checks at the uk border on eu plant and food imports. welcome to world business report. we start in the eurozone where the economy grew by more than expected in the first quarter of 2024, lifted by a return to growth for germany and strong expansion in spain. gross domestic product grew by 0.3% quarter—on—quarter, making it a 0.5% year—on—year rise. at the same time though, the fourth quarter gdp figure was also revised down to minus 0.1% from a previous reading of zero. it means the euro zone was in a technical recession in the second half of 2023.
the surprise hsbc is searching for a new ceo following the surprise news its current boss is to retire from running europe's largest bank. and costs rise as businesses grapple with new physical checks at the uk border on eu plant and food imports. welcome to world business report. we start in the eurozone where the economy grew by more than expected in the first quarter of 2024, lifted by a return to growth for germany and strong expansion in spain. gross domestic product grew by 0.3%...
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Apr 28, 2024
04/24
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hsbc, standard charter releasing results this week. we are also waiting for earnings from the magnificent seven stocks, apple, amazon reporting after mixed results last week from their peers. samsung's results to out after preliminary numbers showed a sharp profit rebound in the first quarter, and vanke will be reporting. that is your week ahead. annabelle: a lot for investors to be digesting over the coming days, but let's get golf with one of the key events on the calendar, and that is the fed meeting wrapping this week and bring in andrew tilton. he joins us now in the studio. i am interested in your views here, not expecting any movement policy, but it will be that focus on the press conference and the tone jay powell strikes as well. do you think he was shifted? >> she needs to keep options open for the fed after a set of upside surprises. we do not know if we will see inflation down to target in time for the fed to begin cutting by midyear. our forecast, we think the fed starts cutting in july and see a lower run rate of them nat
hsbc, standard charter releasing results this week. we are also waiting for earnings from the magnificent seven stocks, apple, amazon reporting after mixed results last week from their peers. samsung's results to out after preliminary numbers showed a sharp profit rebound in the first quarter, and vanke will be reporting. that is your week ahead. annabelle: a lot for investors to be digesting over the coming days, but let's get golf with one of the key events on the calendar, and that is the...
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Apr 17, 2024
04/24
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after some of the other stories making the news, hsbc are said to have started a new round of job cuts on his asian investment bank. the lender laid off about a dozen backers on tuesday. cross asia has little bit. especially in hong kong and china. they made rounds of job cuts in asia over the past 18 months. they are halting all chickens for passengers for the day. bad weather injured by. it disrupts travel in one of the biggest aviation hubs. it stems partly from cloud ceiling operations that are meant to encourage rainfall in the uae. the u.k. chancellor tells bloomberg the start of rate cuts could lift the mood in the u.k.. it is at an autumn election. we bring more with our interview. that is next. this is bloomberg. ♪ >> welcome back to bloomberg daybreak: europe. jeremy hansen is the prospect of interesting cuts will lift the mood of voters and say the government will call a general election until the autumn. >> the decision for the independent bank of england -- that decision is taken independently. they have to look at a lot of things. we still have a very strong wage growth
after some of the other stories making the news, hsbc are said to have started a new round of job cuts on his asian investment bank. the lender laid off about a dozen backers on tuesday. cross asia has little bit. especially in hong kong and china. they made rounds of job cuts in asia over the past 18 months. they are halting all chickens for passengers for the day. bad weather injured by. it disrupts travel in one of the biggest aviation hubs. it stems partly from cloud ceiling operations that...
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Apr 30, 2024
04/24
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europe's largest bank, hsbc, reports better—than—expected profits and announces that ceo noel quinn is to retire. explosion the day—to—day disruption of life next to a cobalt mine as the world rushes to secure the minerals vital for the green transition. hello. if you've destroyed us, you are in the nick of time for the top money stories with me, sally bundock. we start here in the uk where the second phase of britain's new post—brexit border controls for imports from the european union have come into force. from today, businesses face new checks and charges for food and plants coming across the border including a fee, known as the "common user charge".
europe's largest bank, hsbc, reports better—than—expected profits and announces that ceo noel quinn is to retire. explosion the day—to—day disruption of life next to a cobalt mine as the world rushes to secure the minerals vital for the green transition. hello. if you've destroyed us, you are in the nick of time for the top money stories with me, sally bundock. we start here in the uk where the second phase of britain's new post—brexit border controls for imports from the european...
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Apr 22, 2024
04/24
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taking a look at some of the ones and now and likely down to sourcing and the likes of deutsche's, hsbc, ubs, bank of america have reduced headcount in the last few months. hong kong mainland china will be certainly bearing the brunt and our next guest says there could be further reductions to calm and is the managing director at robert walters and where do you think the are in the redundancy cycle at this time? >> it is hard to call it. many clients say we are at the bottom in terms of where the cuts are. this has been happening for almost two years. the hiring from the getting of 2021 to the middle of 2022 and at that point it was clear the revenue did not support the amount of hiring they had done so you have to consider the base perspective and where they are now and we get the sense that will probably be more trimming in the next quarter but as we go into the second half of the year there will be some improvement that will not necessarily results in hiring anywhere near the levels of 2021. annabelle: we talk about pre-covid levels. going back to before 2019 hiring trends or is this
taking a look at some of the ones and now and likely down to sourcing and the likes of deutsche's, hsbc, ubs, bank of america have reduced headcount in the last few months. hong kong mainland china will be certainly bearing the brunt and our next guest says there could be further reductions to calm and is the managing director at robert walters and where do you think the are in the redundancy cycle at this time? >> it is hard to call it. many clients say we are at the bottom in terms of...
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Apr 18, 2024
04/24
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let's discuss with the head of equity and strategy at hsbc. nicole, great to have you on the show. >> good morning. thank you for having me. >> you put out a note not long ago with the price targets a base case of 5,600 you see a lot of things come up when it comes from central bank heads, including jay powell. are you changing the s&p outlook with the new idea that we will see cuts pushed out further? >> for now, we are keeping our call of three rate cuts for 2024 three for 2025 obviously, this is data dependent. we get the core pce out next week we are expecting 0.3% month over month. growth comes in a little bit ahead of expectation we need to rethink the rate cuts for the year looking at our s&p targets with our base and bull case scenario, we are keeping the targets we always had the view it is not important when the fed cuts, but if the fed cuts. the market is more hawkish we expect 40 basis points of cuts this year we are still on the path of cuts if the fed kicks the can down the road further, maybe we don't get one in june or july or
let's discuss with the head of equity and strategy at hsbc. nicole, great to have you on the show. >> good morning. thank you for having me. >> you put out a note not long ago with the price targets a base case of 5,600 you see a lot of things come up when it comes from central bank heads, including jay powell. are you changing the s&p outlook with the new idea that we will see cuts pushed out further? >> for now, we are keeping our call of three rate cuts for 2024 three...
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Apr 16, 2024
04/24
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hsbc sees a 40% share price gain, price target goes to $225, stocks at one hundred 62. they expect 10% market share by next year. the reason is ai, amd, ai chip. stuart: netflix reports thursday. all kinds of predictions. lauren: ahead of that we have mcquarrie increasing the price range at $6.17. stuart: caitlin clark is the number one pick of the wnba draft, you won't believe what she makes as a rookie. we will break down a shocking contract. university of southern california cancels it speech at graduation claiming safety concerns over students pro-palestinian stats. we are all over that one. breaking overnight, the house voting to sanction china's purchases of uranian oil. that could have huge financial consequences. hillary vaughan has the report from capitol hill next. during my entire life i have been somewhat of an outdoors person. golf, gardening around here. how can i stay out of the sun? so about two years ago i was diagnosed with basal cell carcinoma. when they discussed the mohs surgery on my face, i was not really a fan of that because the scarring can be
hsbc sees a 40% share price gain, price target goes to $225, stocks at one hundred 62. they expect 10% market share by next year. the reason is ai, amd, ai chip. stuart: netflix reports thursday. all kinds of predictions. lauren: ahead of that we have mcquarrie increasing the price range at $6.17. stuart: caitlin clark is the number one pick of the wnba draft, you won't believe what she makes as a rookie. we will break down a shocking contract. university of southern california cancels it...
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Apr 26, 2024
04/24
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haslinda: yun liu, hsbc global research, thank you so much for joining us today. it is 11:45. india kicks off its trading day. we know asian markets are in the positive. in fact, asian markets having their best week this year, and it does seem like the benchmarks in india are joining in. sensex up. the nifty up 0.2%. we talk about the indian ruby, steady at 83.33. let's do a check on japanese assets as well as the boj cap rate, releasing a very brief statement which is unlike what we have seen in previous quarters. the yen slides to a fresh 34 year low after that decision. the boj sees risk skewed to upside for the fiscal year 2024. it expects easy financial conditions to continue for now. for now, the yen sliding further. take a look at that. still ahead, announcements on china's strong tech rally as etf inflows signal possible moves. keep it here with us. this is bloomberg. ♪ haslinda: well, asian markets having a pretty good day. having its best week this year. the hang seng up 2%. it is pretty much lifted by tech stocks. take a look at where we are in terms of the kospi,
haslinda: yun liu, hsbc global research, thank you so much for joining us today. it is 11:45. india kicks off its trading day. we know asian markets are in the positive. in fact, asian markets having their best week this year, and it does seem like the benchmarks in india are joining in. sensex up. the nifty up 0.2%. we talk about the indian ruby, steady at 83.33. let's do a check on japanese assets as well as the boj cap rate, releasing a very brief statement which is unlike what we have seen...
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Apr 10, 2024
04/24
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hsbc says they're still too low. do we start getting these reports coming in and say, okay, that's why we thought the thesis was intact? >> i think it will come down to security and sector. it's easier to know what you don't want to own to say that's not intact. you don't want to own long duration bonds, small cap value, small cap growth. stick to high quality tech, the qs, energy, industrials -- which i know jim likes. you have to pick your spots. there will be a big separation especially in this earnings season because the analysts are reducing estimates. >> no, we went from 10% to 5% in terms of earnings growth. >> that's a huge deal. >> i understand. but when you've been at negative quarter after quarter for a while, you'll take the 5. >> we'll take the 5. analysts go too high when we come down. when small and mid cap growth will not suffer fools. if you slightly miss you'll have a 10% to 15% down. i think this will be painful with the yield backdrop. >> i do want to get into what areas of the market may be most
hsbc says they're still too low. do we start getting these reports coming in and say, okay, that's why we thought the thesis was intact? >> i think it will come down to security and sector. it's easier to know what you don't want to own to say that's not intact. you don't want to own long duration bonds, small cap value, small cap growth. stick to high quality tech, the qs, energy, industrials -- which i know jim likes. you have to pick your spots. there will be a big separation...
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Apr 17, 2024
04/24
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sources tell us that hsbc advises on the sale of its let -- it's bonds which could raise $1.3 billion. documents seen by bloomberg show jane street generated over $10 billion in mid trading revenue last year. that was among financial markets the firm disclosed to investors as part of a debt deal that it is seeking. it's a very rare glimpse into the mechanics of the notoriously secretive firm which is steadily expanding to make markets and areas -- in areas such as etf's, derivatives, and bonds as well. jp morgan ceo jamie dimon is laying out his vision for the future of money in an ai world. bloomberg originals spoke exclusively with him to kick off season to of the circuit with emily chang. she asked about the opportunities and risks that are ahead. >> the thing is, be prepared for any business. think about things that can go terribly wrong. can you survive them? it could be technology, government regulations, literally the weather. if you are a restaurant, that might close you down. if you lose this week's business, you are out of business. think that through. >> bill gates once sai
sources tell us that hsbc advises on the sale of its let -- it's bonds which could raise $1.3 billion. documents seen by bloomberg show jane street generated over $10 billion in mid trading revenue last year. that was among financial markets the firm disclosed to investors as part of a debt deal that it is seeking. it's a very rare glimpse into the mechanics of the notoriously secretive firm which is steadily expanding to make markets and areas -- in areas such as etf's, derivatives, and bonds...
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Apr 26, 2024
04/24
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bank, wells fargo, citibank, charles schwab, hsbc and western union. the report is bank of america sent suspicious activity reports on 211 bank customers to the fbi and four federal agents were deployed to field offices to investigate for americans for gun purchases. >> that is the troubling part. thanks not extensions of the federal government. the data isn't pretty accessible to the government. this is your private data and i have a hard time believing federal government would do that that's where we are and that is the problem with this administration, they've given every opportunity to uphold the constitution and they seem to be doing everything else but so we will investigate this and push back. >> thank you for joining us tonight, it's good to see you. let's welcome to the show former justice department attorney hans von spakovsky. it's great to have you on. what you make of these reports coming in? nine diprete justices to discuss former president trump's presidential immunity claims against special counsel jackson's cases, what you make of this
bank, wells fargo, citibank, charles schwab, hsbc and western union. the report is bank of america sent suspicious activity reports on 211 bank customers to the fbi and four federal agents were deployed to field offices to investigate for americans for gun purchases. >> that is the troubling part. thanks not extensions of the federal government. the data isn't pretty accessible to the government. this is your private data and i have a hard time believing federal government would do that...
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Apr 30, 2024
04/24
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i wanted take you to the earning that we are watching out for today for hsbc. for this bang, the outlook for the chinese economy will be of consequence. morgan stanley expressing confidence for their revenues. this is thanks to some of the uptick in the fee side of things in general. haslinda: numbers coming in at the top of the hour, avril hong. let's bring in bloomberg mliv strategist mark cranfield. we talk about how megabanks are under pressure but sentiment in china in general is improving. mark: you can't have elon musk every day. haslinda: pmi encouraging seems to be in the right direction. mark: although we have been told like bloomberg economics and the underlying things are coming along very slowly. probably not as quickly as the authorities would like to see. there is a little bit of traction. but by this time we are well into the second quarter. a lot of people would've been hoping that by now the escape velocity would be there, it's not happening. there are pockets and some signs are quite good, particularly related to the tech sector, ev, gaming s
i wanted take you to the earning that we are watching out for today for hsbc. for this bang, the outlook for the chinese economy will be of consequence. morgan stanley expressing confidence for their revenues. this is thanks to some of the uptick in the fee side of things in general. haslinda: numbers coming in at the top of the hour, avril hong. let's bring in bloomberg mliv strategist mark cranfield. we talk about how megabanks are under pressure but sentiment in china in general is...
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Apr 11, 2024
04/24
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hsbc came out early this morning to mention that as well. they've revised lower some of their forecasts for asia fx because of the cpi print that came out of the u.s.. kriti: it's fascinating that we are talking about what those levels to watch our. there was a consensus that it would be around 152. these technical levels seem to mean different things to different people. that doesn't take into account some of the other cross factors you are seeing from china, korea. let's zero in on china. what we know there, in the context of inflation? is china exporting deflation to the rest of the world? david: they could. it goes to show, we were having this conversation earlier on within economist. the fact that you are getting -- ppi came in at -2.8%. it's the 17th or 18th straight month that we've seen a negative print there. that tells me there's idle capacity in the industrial sector. one way china is able to move the needle in growth is exports and excess capacity. that goes into the deflation conversation. this is interesting because the cpi rep
hsbc came out early this morning to mention that as well. they've revised lower some of their forecasts for asia fx because of the cpi print that came out of the u.s.. kriti: it's fascinating that we are talking about what those levels to watch our. there was a consensus that it would be around 152. these technical levels seem to mean different things to different people. that doesn't take into account some of the other cross factors you are seeing from china, korea. let's zero in on china....
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Apr 26, 2024
04/24
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hsbc saying it is upgrading snap to buy due to, quote, the broad-based recovery and global advertising demand and pricing, with the social advertising industry proving a main beneficiary. i spoke about advertising demand take a listen. >> businesses are using digital advertising to really efficiently drive more demand. and i think, you know, overall, the economy has remained healthy. the consumer has remained confident and still spending so i think, you know, it is a constructive backdrop for the advertising business >> he also stressed that all of the company's investments in ai improvements to their add tools and recommendations is all paying off you can find my whole interview on cnbc.com. guys, back over to you. >> awesome thank you, julia ava, what is your trade on snap? >> i agree it's a buy i'll explain we haven't owned it because they were struggling with monetization, just like whatsapp is so it is very easy to monetize reels or tiktok, but hard to monetize messaging that's what they were targeting. now i like it because it looks like new advertising strategies it's becoming m
hsbc saying it is upgrading snap to buy due to, quote, the broad-based recovery and global advertising demand and pricing, with the social advertising industry proving a main beneficiary. i spoke about advertising demand take a listen. >> businesses are using digital advertising to really efficiently drive more demand. and i think, you know, overall, the economy has remained healthy. the consumer has remained confident and still spending so i think, you know, it is a constructive backdrop...
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charles: sew last week guess, joined ford, hsbc, ford, warehousers offering what they call a special dividend. according to research report, this is the journal of financial economics, this is 1999 t was intriguing. in 191940, 62% of dividend paying firms paid at least one special dividend. in 1950, 46% of them paid, special dividends. this is sort of a common practice is a long time ago. more recently the companies that offered special dividends near term the stocks underperformed but a year later they over performed pretty strongly. is this something people should look at? when you see a headline xyz is overing a special dividend, it seems pretty enticing? >> two things going on. historically there was lumpiness in profits they co-pay special dividends. after erisa passed in 1984, a lot of holders in retirement funds want periodic dividends. companies say we think we have this much to pay out in a year. instead of going lumpy with a special dividend we'll sort of average it out. it was sort of maturity in american capital markets. there are companies we own a few of them, have a re
charles: sew last week guess, joined ford, hsbc, ford, warehousers offering what they call a special dividend. according to research report, this is the journal of financial economics, this is 1999 t was intriguing. in 191940, 62% of dividend paying firms paid at least one special dividend. in 1950, 46% of them paid, special dividends. this is sort of a common practice is a long time ago. more recently the companies that offered special dividends near term the stocks underperformed but a year...
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Apr 3, 2024
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. >> kari, hsbc today was saying the more important question now is if, not when, the fed cuts rates, and i want to you listen to what steve cohen -- obviously the chairman and ceo, new york mets owner, said about his own expectations for rate cuts during his interview on "squawk box" with andrew ross sorkin. >> i think the market expects three cuts. i think that's the number. i don't disagree with that. i think inflation has been somewhat contained. i think ultimately what it will come down to is that a true statement or not? the fed thinks eventually it will come down to 2% inflation rate. >> what do you think? >> i think that's going to be hard. >> that's steve cohen there. so they've said they're going to cut before it comes down to 2% anyway. they're not going to wait until it gets to target, and we know that we're going to get cuts this year based on what everybody said. what happens if bostic is correct and you don't get any until the fourth quarter? is that a problem for the stock market? >> well, i think it is, but bostic is a guy who was really concerned inflation was never
. >> kari, hsbc today was saying the more important question now is if, not when, the fed cuts rates, and i want to you listen to what steve cohen -- obviously the chairman and ceo, new york mets owner, said about his own expectations for rate cuts during his interview on "squawk box" with andrew ross sorkin. >> i think the market expects three cuts. i think that's the number. i don't disagree with that. i think inflation has been somewhat contained. i think ultimately...
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Apr 24, 2024
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. -- hsbc. i did see two price hikes and one full grown up grade -- upgrade from bank of america to buy. you heard elon musk talk about the on the misrobot which could be available for commercial sale by next year. and i have to warp you, the grain of salt you have to take with the timelines. kelly: excellent point, super. he often misses deadline ares, but clearly investors buying that vision today. thank you, susan, for that report. >>> okay, let's get to this fox market alert. the dow is down, wow, close to 100 points right now. it is on pace to snap a 4-day winning vehicle. the s&p 500 and nasdaq are both in jeopardy as well of posting a seventh day of losses in the last nine session. z rising bond yields pressuring stocks today as the 2-year treasury yield approaches 5%. and the 10-year treasury yield rises back above, let's see, yeah, 4.6% right now. the move comes after durable good orders rose more than expected in march. you've got the fed decision a week from today. investors will be e
. -- hsbc. i did see two price hikes and one full grown up grade -- upgrade from bank of america to buy. you heard elon musk talk about the on the misrobot which could be available for commercial sale by next year. and i have to warp you, the grain of salt you have to take with the timelines. kelly: excellent point, super. he often misses deadline ares, but clearly investors buying that vision today. thank you, susan, for that report. >>> okay, let's get to this fox market alert. the...
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Apr 13, 2024
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i mean, i know there's, like, a lot of stories of like, hsbc, like, funneling money in mexico and these banks have been kind of like pushed regulate that market and like, what's the general market? and so so first of all, your first question, i think everyone would really love to know about the amount of the economy that is fueled by these kinds of things. and it's obviously very, very, very difficult to figure out. i don't have a fig for you exactly that. so guess i want too much of a historian to say what represented. but it's i mean, it's large and if you look for sort of any things about transactions on the dark web the most lucrative of those track interactions on the dark web other than weapons are going to be drugs. and so it's a it's a lot of money. and for some countries it's obviously their whole economy, like afghanistan instance, as far as attacking the financing, they try to attack the financing way. they always try to attack any kind of financial, you know, illegal foreign financial transaction. and but usually, as you say this is getting paid. can be paid in bitcoin but i
i mean, i know there's, like, a lot of stories of like, hsbc, like, funneling money in mexico and these banks have been kind of like pushed regulate that market and like, what's the general market? and so so first of all, your first question, i think everyone would really love to know about the amount of the economy that is fueled by these kinds of things. and it's obviously very, very, very difficult to figure out. i don't have a fig for you exactly that. so guess i want too much of a...