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May 16, 2024
05/24
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chelsey: for alibaba, right? honestly, i think it is important for companies to do three things, like i said, revenue growth and margin cannot decline so much. a lot of return back to the shareholders. so i think investors are quite demanding these days. market share i think is important but it depends on how you achieve that. if you just achieved by giving out subsidies, is not sustainable. but if you achieve by lowering what consumers consume, i think, and also offering competitively priced products, these are the winning recipes. so to achieve market share through that, and then with market share, you can have better line share. then i think tech rate will come naturally. so i think these are the ways how e-commerce companies should work on. paul: i want to quickly get your views on tencent as well, it's having a pretty good day in hong kong, up by about 4.2% right now. what is your outlook for the coming quarters for tencent? cannot sustain this momentum? chelsey: -- paul: we will have to leave it there. than
chelsey: for alibaba, right? honestly, i think it is important for companies to do three things, like i said, revenue growth and margin cannot decline so much. a lot of return back to the shareholders. so i think investors are quite demanding these days. market share i think is important but it depends on how you achieve that. if you just achieved by giving out subsidies, is not sustainable. but if you achieve by lowering what consumers consume, i think, and also offering competitively priced...
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May 14, 2024
05/24
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keeping an eye on the tencent, alibaba earnings. whether the earnings scorecards can justify their valuations. there is optimism surrounding it, which is why stocks are in the green but it isn't just about whether these companies do well. that will be a key test for them. it is also how it will potentially help justify chinese equities rebound. we will keep a watch on revenues and share buyback plans. let's take you to japan where the bond selloff is extending for another session, the yield hitting the highest levels in more than a decade. the boj reducing bond purchases in the five and 10 year zone. strategists say it is not unlikely to see potentially something coming through with the 3-5 year zone. the idea that this will help shrink the yield gap and support the weak japanese currency but let's flip the board because i want to highlight the relation between them detaching despite shrinking yield gaps. the dollar-jan has been moving back up towards one point 60 despite what we saw a couple weeks ago, believed to be intervention.
keeping an eye on the tencent, alibaba earnings. whether the earnings scorecards can justify their valuations. there is optimism surrounding it, which is why stocks are in the green but it isn't just about whether these companies do well. that will be a key test for them. it is also how it will potentially help justify chinese equities rebound. we will keep a watch on revenues and share buyback plans. let's take you to japan where the bond selloff is extending for another session, the yield...
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May 14, 2024
05/24
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let's start with alibaba. >> tencent reporting better than projected, surge in earnings, but alibaba profit plunged. the fact that the two biggest in china reporting on the same day was a rarity and it highlighted the tale of two fortunes for both. better-than-expected single-digit revenue growth, but profit performance is where they diverge and investors are looking at on a mining these companies as they are seen as a barometer of chinese health when china recovers from rocky covid recovery and a one year slump big tech crackdown. get this, neither company offered strong reassurances on the future of the chinese economy moving forward. caroline: we love how you give us the macro context. let's go optimistic, first. why was tencent pulling it out for the investor base today? >> their profitability really shines in the results. basically, video streaming is a huge positive, but in the meantime the company is cutting usually on costs. remember, they are looking at revenue growth of 6% they costs of revenue that's down 8% from one year ago. the key to that is lower cuts in costs associa
let's start with alibaba. >> tencent reporting better than projected, surge in earnings, but alibaba profit plunged. the fact that the two biggest in china reporting on the same day was a rarity and it highlighted the tale of two fortunes for both. better-than-expected single-digit revenue growth, but profit performance is where they diverge and investors are looking at on a mining these companies as they are seen as a barometer of chinese health when china recovers from rocky covid...
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May 13, 2024
05/24
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let's just start with alibaba. what are we expecting, and probably a particular focus on the ai front as well. >> we have not had alibaba and tencent reporting on the same day for years, so it will be exciting. it investors will be comparing the results side-by-side. it is a barometer for the chinese economy, which is not doing so great. for alibaba, at the bottom line is there e-commerce, and on top of that ai. it made its ai language model open source, meaning more developers will be using their services, and it is a strategy mirroring microsoft. in alibaba's case, commerce will give us a sense of where chinese consumers are spending and on the cloud side we will see if it can compete against other makers like tencent and baidu. haidi: tell us what we are expecting for tencent. these two companies are major barometers for the broader economic recovery story. >> for tencent the growth is centered around wechat. we have a video feed and live shopping and games that will contribute to their advertising and game purc
let's just start with alibaba. what are we expecting, and probably a particular focus on the ai front as well. >> we have not had alibaba and tencent reporting on the same day for years, so it will be exciting. it investors will be comparing the results side-by-side. it is a barometer for the chinese economy, which is not doing so great. for alibaba, at the bottom line is there e-commerce, and on top of that ai. it made its ai language model open source, meaning more developers will be...
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May 16, 2024
05/24
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we have alibaba and tencent talking about gains accelerating, gm coming back at alibaba and the fight back of the incumbents are leading to revision of topline or at least some expectations at the top line where we accelerate into the rest of the year. and then into this second quarter so far, as we look at the conference next week in hong kong, with 160 companies coming, we expect this to be the meeting around how the current economic and consumption trends are going, and we have seen them track ahead the past two months, part of growing around 20% to 30% year-over-year in the recent one or two months. that means consumers are buying still, cheaper things, the average ticket size is coming down but they are still buying, and that is on the front of expectations that will be key to the sustainability of how internet performs, and the internet rallied funny percent year-to-date, while shareholder return is the other thing highlighting, which is how they are buying back 5% and 9% of shares plus, buybacks, so this could provide downside potential while anticipating consumption into june
we have alibaba and tencent talking about gains accelerating, gm coming back at alibaba and the fight back of the incumbents are leading to revision of topline or at least some expectations at the top line where we accelerate into the rest of the year. and then into this second quarter so far, as we look at the conference next week in hong kong, with 160 companies coming, we expect this to be the meeting around how the current economic and consumption trends are going, and we have seen them...
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May 15, 2024
05/24
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annabelle: what about alibaba? there has been a focus on these different units and potential spinoff plans. what is the biggest risk the you think going forward? catherine: we have put aside all of that restructuring and they are now going heads on into all the different businesses by them valves. they are going to be investing into revitalizing the topline growth for their commerce businesses in the cloud businesses. that is going to take a lot of expenditures and investments. we have seen that hitting the bottom line of adjusted ebitda of the companies. and i think you might actually see the profit decline widening over the next three quarters. haidi: catherine lim in hong kong. let's look at some corporate headlines we are following. byd has debuted his first plug-in hybrid pickup truck in mexico. they say it will be available globally priced around $53,000. it comes as president biden announced 100% tariffs on chinese ev's, but byd does not plan to sell it in the u.s. they reported first-quarter earnings that b
annabelle: what about alibaba? there has been a focus on these different units and potential spinoff plans. what is the biggest risk the you think going forward? catherine: we have put aside all of that restructuring and they are now going heads on into all the different businesses by them valves. they are going to be investing into revitalizing the topline growth for their commerce businesses in the cloud businesses. that is going to take a lot of expenditures and investments. we have seen...
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May 13, 2024
05/24
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tencent and alibaba are set to report their numbers. tuesday posting its slowest growth since 2022 and alibaba lags in the e-commerce. with us is eleanor long. it is the first time we have seen tencent and alibaba reporting on the same date, were you watching most closely? eleanor: it is the first time they report on the same date. we expect tencent results quite solid. operating profit will be around 16%. for tencent, doing business was the major concern. they were into client and they do not have blockbuster shares. revenue growth will decline because they are very aggressive in monetizing. we expect the business that rebounded year on year because they already changed monetization team after talking. they are going to introduce virtual item to increase and revive growth. for their second-tier game, monthly active users is over 500 million. that including the golden bachelor and crossfire, which we see this game growing at over 30% year in year. they have 20 approved game in the pipeline and upcoming game is dns mobile which has over
tencent and alibaba are set to report their numbers. tuesday posting its slowest growth since 2022 and alibaba lags in the e-commerce. with us is eleanor long. it is the first time we have seen tencent and alibaba reporting on the same date, were you watching most closely? eleanor: it is the first time they report on the same date. we expect tencent results quite solid. operating profit will be around 16%. for tencent, doing business was the major concern. they were into client and they do not...
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May 14, 2024
05/24
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we will hear from alibaba, tencent, sony. watching a possible buyback. sony might see revenue decline. a lot of game titles for playstation. here is what is moving on global markets at the moment. we will be speaking, a risk off day around the asia-pacific. we have india nudging into negative territory after a positive start. that is it for 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 so, what are you thinking? i'm thinking... (speaking to self) about our honeymoon. what about africa? safari? hot air balloon ride? swim with elephants? wait, can we afford a safari? great question. like everything, it takes a little planning. or, put the money towards a down-payment... ...on a ranch ...in montana ...with horses let's take a look at those scenarios. j.p. morgan wealth management has advisors in chase
we will hear from alibaba, tencent, sony. watching a possible buyback. sony might see revenue decline. a lot of game titles for playstation. here is what is moving on global markets at the moment. we will be speaking, a risk off day around the asia-pacific. we have india nudging into negative territory after a positive start. that is it for bloomberg. ♪ thanks to avalara, we can calculate sales tax automatically. avalarahhhhhh what if tax rates change? ahhhhhh filing sales tax returns?...
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May 28, 2024
05/24
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global football icon david beckham has scored a new advertising deal with china's alibaba. the former england captain has been named the global brand ambassador of ali—express — alibaba's international e—commerce platform. ali—express is one of several high—profile chinese brands, like ev maker byd, that are sponsoring the uefa european soccer championship which kicks off injune. and that's it for this edition. i will see the same time tomorrow. bye for now. i'm marc edwards, welcome to sportsday. hello. here's what we've got coming up on our show. farewell to the french open for rafa? nadal beaten in the opening round in paris, but is that the last we'll see of him at the tournament he's won 1a times? with pochettino gone, is maresca on the move as chelsea target the leicester city manager? sweet child ofjoss's. england captainjoss butler set to miss the third t20 against pakistan for the birth of his third child. hello and welcome to sportsday. we start in paris, where rafa nadal has been knocked out of the french open in the first round for the first time — b
global football icon david beckham has scored a new advertising deal with china's alibaba. the former england captain has been named the global brand ambassador of ali—express — alibaba's international e—commerce platform. ali—express is one of several high—profile chinese brands, like ev maker byd, that are sponsoring the uefa european soccer championship which kicks off injune. and that's it for this edition. i will see the same time tomorrow. bye for now. i'm marc edwards, welcome...
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May 13, 2024
05/24
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the rangers of new york are playing the hurricanes alibaba. they report tomorrow, but you stay with the baba >> answerer. answerer >> thank you for watching "fast. "mad money" starts right now >>> my mission is simple, to make you money i'm here to level the playing field for all investors. there is always a bull market somewhere, and i promise to help you find it. "mad money" starts now hey, i'm cramer. welcome to "mad money. welcome to cramerica other people want to make friends. i'm just trying to make you a little money my job is not to entertain, but to explain so call me at 1-800-743-cnbc newsom tweet me @jimcramer. we're in a weird moment where stocks could be hostage to the fed inflation, but maybe they'll be freed by th
the rangers of new york are playing the hurricanes alibaba. they report tomorrow, but you stay with the baba >> answerer. answerer >> thank you for watching "fast. "mad money" starts right now >>> my mission is simple, to make you money i'm here to level the playing field for all investors. there is always a bull market somewhere, and i promise to help you find it. "mad money" starts now hey, i'm cramer. welcome to "mad money. welcome to...
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May 15, 2024
05/24
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annabelle: you mentioned jd.com and the competition with alibaba. alibaba is trying to get back its market share, and jd.com has tried to fend that off with lots of measures like free delivery and return. is that going to work? what are the options? do they have to continue to try to push back on the pressure? catherine: we have seen some signs of that coming through. one of the entities which does speedy delivery and china, they have decided that there was a doubling of on-demand orders of jd.com in april, so slight positive signs. these moves and these orders could have come on the back of costlier investments from jd.com . in fact, we have seen them lower the bar for free deliveries to be done in 2024, so let's see how it actually impacts their profits tonight. haidi: senior analyst for the asia-pacific consumer, catherine lim. some other corporate stories we are tracking, some shareholders in bhp and global america expect to continue. they talked about a room for a third offer from bhp. bhp's previous was rejected and announced a revamp that inc
annabelle: you mentioned jd.com and the competition with alibaba. alibaba is trying to get back its market share, and jd.com has tried to fend that off with lots of measures like free delivery and return. is that going to work? what are the options? do they have to continue to try to push back on the pressure? catherine: we have seen some signs of that coming through. one of the entities which does speedy delivery and china, they have decided that there was a doubling of on-demand orders of...
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May 13, 2024
05/24
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and jd are expecting from alibaba and jd .com. irate are expecting from alibaba and 1d .com. ~ ., , . , jd .com. we are expecting these numbers out _ jd .com. we are expecting these numbers out later _ jd .com. we are expecting these numbers out later this _ jd .com. we are expecting these numbers out later this week. - jd .com. we are expecting these numbers out later this week. by| numbers out later this week. by some estimates both companies make up almost 70% of china's e—commerce market, so this will be a real indication of how confident consumers are about spending their money. since covid and a slowdown of economic growth, shoppers are looking for bargains, which these companies have had to provide. the question now is how much are these discounts cutting into their bottom line? thank you. we will see you again soon. monica miller in singapore. to egypt now, where the country's economy has been struggling, due to high debt and an overvalued currency, which has also exacerbated the country's cost—of—living crisis. over the last two months, the country managed to secure a
and jd are expecting from alibaba and jd .com. irate are expecting from alibaba and 1d .com. ~ ., , . , jd .com. we are expecting these numbers out _ jd .com. we are expecting these numbers out later _ jd .com. we are expecting these numbers out later this _ jd .com. we are expecting these numbers out later this week. - jd .com. we are expecting these numbers out later this week. by| numbers out later this week. by some estimates both companies make up almost 70% of china's e—commerce market,...
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May 5, 2024
05/24
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learn more at alibaba power's businesses.com. my name is giovanni digilio. 40 years ago we started this world famous paintball business. i walk anywhere from 5 to 6 miles every single day. to run a business like this, you really need that extra pep in your step. when i came across balance in nature, i knew this is the product for me because it just smelt real balance in nature has fruits and vegetables in the ingredients. we're bound to nature. you feel great. get 35% off your first order as a preferred customer. call or go to balance of nature .com and use discount code. fox news. the game show geniuses at fox wanted to show that would make a big splash. dude, you have the round spherical objects to play the quiz with balls premieres tuesday, may 28th on fox. elbert hubbard you cannot, you cannot. dozens of protesters interrupting commencement at the university of michigan saturday. they were met with both boos and cheers from the audience, capping off a tumultuous week on college campuses across the nation. fox news national co
learn more at alibaba power's businesses.com. my name is giovanni digilio. 40 years ago we started this world famous paintball business. i walk anywhere from 5 to 6 miles every single day. to run a business like this, you really need that extra pep in your step. when i came across balance in nature, i knew this is the product for me because it just smelt real balance in nature has fruits and vegetables in the ingredients. we're bound to nature. you feel great. get 35% off your first order as a...
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May 28, 2024
05/24
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global football icon david beckham has scored a new advertising deal with china's alibaba. the former england captain has been named the global brand ambassador of ali—express — that's alibaba's international e—commerce platform. it's one of several high—profile chinese brands, including electric car maker byd, that are sponsoring this year's uefa european soccer championship. when we come back, china in pole position — we'll assess whether its car manufacturers are taking over the world of evs. around the world and across the uk, this is bbc news. welcome back. most in the world know we should tackle climate change, but it requires expensive decisions and the prospect of doom still feels like it's far enough way. in the maldives, that prospect feels much closer, and in a climate of high interest rates its government is finding it hard to borrow the money it needs for nation of islands to survive. the maldives is co—chairing the un's conference on small island developing states, which has begun in antigua, and our reporterjonathan josephs has been speaking to th
global football icon david beckham has scored a new advertising deal with china's alibaba. the former england captain has been named the global brand ambassador of ali—express — that's alibaba's international e—commerce platform. it's one of several high—profile chinese brands, including electric car maker byd, that are sponsoring this year's uefa european soccer championship. when we come back, china in pole position — we'll assess whether its car manufacturers are taking over the...
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May 14, 2024
05/24
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mean while -- meanwhile, alibaba shares have been falling in today's session, as a you can see, down more than 6.5 after the chinese tech giant posted mixed fourth quarter results. alibaba beat on revenue but saw an 86 year-over-year drop in profit -- 86% -- with consumers pulling back on spending in china. and as alibaba looks to reegg night growth in e-commerce, revenue from its artificial intelligence and cloud computing units actually saw triple-digit growth year-over-year. but again, the stock down 6.6. and take a look at jack in the box, sizzling higher today. i'll have the fries with that. it's up 111 percent. the burger -- 1%. the burger chain posting a mixed second quarter report with a miss on revenue. however, the company's profit margins were protected by the addition of company-owned restaurants and commodity inflation. jack in the box says the hit by a shift in consumer spending, increased labor costs and the delay of a new menu with item called the smashed jack. sounds interesting. the company says these increased costs were partially offset with by targeted menu price
mean while -- meanwhile, alibaba shares have been falling in today's session, as a you can see, down more than 6.5 after the chinese tech giant posted mixed fourth quarter results. alibaba beat on revenue but saw an 86 year-over-year drop in profit -- 86% -- with consumers pulling back on spending in china. and as alibaba looks to reegg night growth in e-commerce, revenue from its artificial intelligence and cloud computing units actually saw triple-digit growth year-over-year. but again, the...
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May 15, 2024
05/24
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shares of alibaba tumbled in the united states after the e—commerce giant reported an 86% plunge in profit. the company's net income fell to $450 million in the last three months of 2023 from $3 billion one year earlier. it has been hit by an economic slowdown in china and weak consumer demand. india's media landscape has changed dramatically since 2014 when prime minister modi's bjp swept to power. there's been growing privatisation. several national news channels once owned by independent media entrepreneurs are now controlled by billionaire tycoons. our india business correspondent nikhil inamdar has more on the impact. brand modi is the only thing this election is about! - the prime minister has vanquished - the opposition. india's television news screens night after night dishing out flattering coverage of the prime minister. for long ndtv was widely considered a lone independent voice. last year it was snapped up in a hostile takeover by a billionaire tycoon. this journalist became part of a mass exodus as things began to change at the channel. look at the channel today it is far mor
shares of alibaba tumbled in the united states after the e—commerce giant reported an 86% plunge in profit. the company's net income fell to $450 million in the last three months of 2023 from $3 billion one year earlier. it has been hit by an economic slowdown in china and weak consumer demand. india's media landscape has changed dramatically since 2014 when prime minister modi's bjp swept to power. there's been growing privatisation. several national news channels once owned by independent...
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May 16, 2024
05/24
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names like alibaba and tencent soaring. will tensions between the u.s. and china derail their run? we'll debate it. >>> and later, beverly hills billions. mortgage rates may be high and the consumer may be under pressure, but megadeals are still happening. the ultra high-end real estate market. we'll be joined on-set by mauricio umansky for the latest read on how much the uber wealthy are buying. i'm melissa lee, coming to you live from studio b at the nasdaq. on the desk tonight -- tim seymour, dan nathan, and guy adami. the dow climbing over 40,000 for the first time ever today. the feat coming less than four years after it first hit the 30,000 mark, but the index pulling back mid-day and ending up slightly in the red. one big winner in the dow, walmart, which notched its best day in four years, after earnings this morning. the retailer citing significant e-commerce gains and growing business from higher income consumers. former walmart u.s. ceo bill simon is using the b-word. bubble. he will join us to explain. we wanted first to get the thoughts here on the desk. given where we
names like alibaba and tencent soaring. will tensions between the u.s. and china derail their run? we'll debate it. >>> and later, beverly hills billions. mortgage rates may be high and the consumer may be under pressure, but megadeals are still happening. the ultra high-end real estate market. we'll be joined on-set by mauricio umansky for the latest read on how much the uber wealthy are buying. i'm melissa lee, coming to you live from studio b at the nasdaq. on the desk tonight --...
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May 24, 2024
05/24
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the finances of alibaba and its many arms are of intense interest. they were one of the laggards of the china consumer tech period we just had. stick with us. we have much more to come. from san francisco, this is "bloomberg technology." ♪ ♪ ow! whoa! watch where you're going. yeah mom, pay attention. what if it's a concussion? hang on, i'll look it up. uh... i'm probably fine... probably? we noticed something wasn't right and got her to a doctor. i thought i was okay, but i had a concussion. sometimes, it's hard to tell on your own. don't mess with your melon. if you hit it, get it checked. ed: welcome back to "bloomberg technology." ed ludlow in san francisco. we are ending the week on a high in equity markets. the nasdaq 100 is my go to tech heavy index. it is trading at a record high. we are also on track for the fifth straight week of gains which is the longest streak of weekly gains going back to february. the story this week has been about nvidia propping up the market following its blockbuster earnings. other names moved to the downside.
the finances of alibaba and its many arms are of intense interest. they were one of the laggards of the china consumer tech period we just had. stick with us. we have much more to come. from san francisco, this is "bloomberg technology." ♪ ♪ ow! whoa! watch where you're going. yeah mom, pay attention. what if it's a concussion? hang on, i'll look it up. uh... i'm probably fine... probably? we noticed something wasn't right and got her to a doctor. i thought i was okay, but i had a...
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May 22, 2024
05/24
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taking a step back, we've only seen single-digit gains from alibaba and jd.com. it will again be a great set of quarter showing from pdd tonight. haidi: are you concerned about margin pressure? we have seen that as a trend over the last five quarters? >> that is a good question. clearly, the company is now venturing overseas, and overseas business is driving the growth. the business model, it is costlier because of the consignment models they have undertaken to bridge chinese suppliers with customers overseas. that will hurt their margins from the high, but i think we can get the compensating factor from the high revenue growth we are seeing. we should still see profits grow in the double digits. annabelle: how do you see how pdd will reward investors, with a share buyback? >> pdd is one of the few remaining chinese tech companies that have yet to have a share buyback program, nor declared dividends. i would be surprised if they go in that direction, given that they are looking to invest more into the logistics network overseas as well as in china. there are user
taking a step back, we've only seen single-digit gains from alibaba and jd.com. it will again be a great set of quarter showing from pdd tonight. haidi: are you concerned about margin pressure? we have seen that as a trend over the last five quarters? >> that is a good question. clearly, the company is now venturing overseas, and overseas business is driving the growth. the business model, it is costlier because of the consignment models they have undertaken to bridge chinese suppliers...
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May 15, 2024
05/24
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shares of alibaba tumbled in the united states after the e—commerce giant reported an 86% plunge in profit. the company's net income fell to $450 million in the last three months of 2023 from $3 billion one year earlier. it has been hit by an economic slowdown in china and weak consumer demand. meanwhile, singapore will see a changing of the guard later today, when formerfinance minister lawrence wong is sworn in as the country's new prime minister. wong takes over the reins of powerfrom lee hsien loong, who has been in the top post for 20 years. veteran economist song seng wun gave us a sense of the challenges ahead. this is where the challenge lies for the new prime minister in terms of early days, the last or 40 years food on the table, jobs for the kids, roof over their head. today's children and young voters have different aspirations now and dealing with them is about them, their different ambition which includes cost of living, housing and livability, as well, even though all these things are creating better and well paying jobs. there is almost pressure. so balancing that will be t
shares of alibaba tumbled in the united states after the e—commerce giant reported an 86% plunge in profit. the company's net income fell to $450 million in the last three months of 2023 from $3 billion one year earlier. it has been hit by an economic slowdown in china and weak consumer demand. meanwhile, singapore will see a changing of the guard later today, when formerfinance minister lawrence wong is sworn in as the country's new prime minister. wong takes over the reins of powerfrom lee...
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May 21, 2024
05/24
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the companies include the us tech giants google, meta and microsoft, as well as asian firms alibaba and samsung electronics. they vowed to ensure the safety of their most advanced ai models with promises of accountable governance and public transparency. this summit in south korea follows an inaugural meeting held in the uk last november. japan is turning out to be a popular tourist pixar animation studios is laying off roughly 14% is of its workforce. as part of a broader restructuring of the parent company walt disney and reflects a move away from the production. instead, pixarwill focus on future films. the lay—offs follow similar cuts made injune last year. japan is turning out to be a popular tourist destination this year. it welcomed 2.7 million visitors injanuary. and a little more in february. foreign visitor arrivals hit a new monthly record in march , a new monthly record in march, past the three million mark, and remained strong last month. one of the main attractions — weakness in the japanese currency, the yen. while businesses are celebrating, local residents are not h
the companies include the us tech giants google, meta and microsoft, as well as asian firms alibaba and samsung electronics. they vowed to ensure the safety of their most advanced ai models with promises of accountable governance and public transparency. this summit in south korea follows an inaugural meeting held in the uk last november. japan is turning out to be a popular tourist pixar animation studios is laying off roughly 14% is of its workforce. as part of a broader restructuring of the...
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May 23, 2024
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you can see alibaba shares in the u.s. down 2.5% in hong kong, down 5%. shares are flat over the last year >>> coming up here on "worldwide exchange," when wage inflation meets services sticker shock our robert frank is here with what's happening in one florida community. you want to hear this one. stay with us - so this is pickleball? - pickle! ah, these guys are intense. with e*trade from morgan stanley, we're ready for whatever gets served up. dude, you gotta work on your trash talk. i'd rather work on saving for retirement. or college, since you like to get schooled. that's a pretty good burn, right? champion iron offers a rare solution to decarbonize the steel industry. which represents up to 10% of global emissions. the company recently doubled production capacity at its mine in eastern canada. it is now investing to produce one of the world's purest iron ore. enabling green steelmaking without the use of coal. controlling a large portfolio of high purity iron ore resources. champion is considering strategic partnerships to further develop the regio
you can see alibaba shares in the u.s. down 2.5% in hong kong, down 5%. shares are flat over the last year >>> coming up here on "worldwide exchange," when wage inflation meets services sticker shock our robert frank is here with what's happening in one florida community. you want to hear this one. stay with us - so this is pickleball? - pickle! ah, these guys are intense. with e*trade from morgan stanley, we're ready for whatever gets served up. dude, you gotta work on your...
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May 16, 2024
05/24
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alibaba is up 7% today on no news. there's money being made in the names again. you take a look at small cap europe, look at eufn, 52 week highs. why? almost doesn't matter. these are under owned areas of the asset allocation set, so i'm not shocked at all to see people chasing them as they move higher. >> alibaba, though, david tepper and michael buerry showed holdings. >> that will do it. >> one of the reasons why, and josh is mentioning a lot of what's going on in the european markets is because of expectations of rate cuts coming there before here. and steve liesman is sitting at post 9 with us today, our senior economics reporter, because he spoke earlier with tom barkin. loretta is speaking as we speak. >> i wouldn't disagree with josh but i would add to what josh is saying here. >> smart decision, steve. >> we'll see. he's saying it will take longer to reach the 2% goal than previously thought. prudent to hold rates at restrictive stance for longer, the key of where both he, powell and barkin are. she expects progress at a slower pace. i'll stop it there,
alibaba is up 7% today on no news. there's money being made in the names again. you take a look at small cap europe, look at eufn, 52 week highs. why? almost doesn't matter. these are under owned areas of the asset allocation set, so i'm not shocked at all to see people chasing them as they move higher. >> alibaba, though, david tepper and michael buerry showed holdings. >> that will do it. >> one of the reasons why, and josh is mentioning a lot of what's going on in the...
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May 22, 2024
05/24
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BBCNEWS
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the companies include the us tech giants google, meta and microsoft, as well as asian firms alibaba and samsung electronics. they vowed to ensure the safety of their most advanced ai models with promises of accountability and public transparency. that is set for this edition of business today. thank you for watching and i will be back with more news for you in the next hour. hello this is the catch up. tonight extreme turbulence on a flight, liverpool becomes taylor town and the oldest person to go to space. our top story, a man has died and several others are injured after extreme turbulence on a flight from london to singapore. the singapore airlines plane had to divert to bangkok and landed at 3:45pm there. authorities are bangkok airport said the victim was a 73—year—old man from the uk and it was likely he died from a heart attack. passengers took these pictures shortly after these pictures shortly after the emergency. imagine how scary this would have been. you can see the impact and damage here. jerry was a passenger on the flight. here. jerry was a passenger on the flight-â€
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May 14, 2024
05/24
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. >>> and alibaba missing on earnings but beating on the revenue line. the company saying it focus on price competitiveness led to double digit online order growth year over year. alibaba's board approved a $4 billion dividend and that stock right now is off by about 5.5%. when we come back, the ai race between google and openai heating up today. we have the details right after this break. >>> and then igs trade representative catherine tai joining us to talk about the president's move to raise tariffs on $18 billion of chinese imports. ♪(voya)♪ there are some things that work better together. like your workplace benefits and retirement savings. voya provides tools that help you make the right investment and benefit choices. so you can reach today's financial goals and look forward to a more confident future. voya, well planned, well invested, well protected. >>> openai launching a faster and cheaper version of its chatgpt in an attempt to up stage one of its biggest competitors. steve kovach has more. usually you were on before this on our show. >>
. >>> and alibaba missing on earnings but beating on the revenue line. the company saying it focus on price competitiveness led to double digit online order growth year over year. alibaba's board approved a $4 billion dividend and that stock right now is off by about 5.5%. when we come back, the ai race between google and openai heating up today. we have the details right after this break. >>> and then igs trade representative catherine tai joining us to talk about the...
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May 15, 2024
05/24
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FBC
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so from alibaba to alli mccartney, ubs private management director. it is so pervasive, so weird to think wall street was rooting for bad news, and it got a lot of it today in terms of the economy slowing down, in some cases more than we want. >> it is fascinating the way people respond to this. like the beauty is in the eye of the beholder kind of thing but it is true. last week we had no news, that seemed to be good news. good news seems to be exorbitant and bad news seems to be rationalized. charles: right. >> what we got today you could also say was some, i'm curious, very curious to see what grant says. we may be shut down the path for rate hikes which is a small percentage anyway and we got a, at least the market seems to think that the terminal operate has gone down from 4% to 3.8%. so i think that is why you're seeing small caps rally risk on. charles: right. >> but, yeah, it is, it is a funny world right now when you hit highs. charles: so in your blog you mentioned the uniqueness of markets being driven equally, right, by -- >> yeah. charles
so from alibaba to alli mccartney, ubs private management director. it is so pervasive, so weird to think wall street was rooting for bad news, and it got a lot of it today in terms of the economy slowing down, in some cases more than we want. >> it is fascinating the way people respond to this. like the beauty is in the eye of the beholder kind of thing but it is true. last week we had no news, that seemed to be good news. good news seems to be exorbitant and bad news seems to be...
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May 24, 2024
05/24
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alibaba sold $4.5 billion worth of convertible bonds. a record for dollar-denominated sales by an asian company. the deal aims to secure capital needed to increase sales. comcast and ups highlighted a week that saw over $26 billion in sales. it was a frontloaded week with no deals the last two days. in high yield, the week volume coming in over $11 billion, the third-highest this year. staples had more than $2.5 billion of sales to go along with the $1.6 billion leveraged loan. earlier this week, we spoke to the achilles management cio who says he sees issues ahead for credit. >> small cracks are starting to show if you look at the pickup in default rates. i think they are likely to be higher on the private side. a lot of companies with risky credit ratings have migrated from public markets into private markets. i think those cracks are starting to show. you see emerging dispersion. it is not quick. it is not going to break tomorrow. but i think if you are paying attention, it is hiding in plain sight. it is important to put a spotlight
alibaba sold $4.5 billion worth of convertible bonds. a record for dollar-denominated sales by an asian company. the deal aims to secure capital needed to increase sales. comcast and ups highlighted a week that saw over $26 billion in sales. it was a frontloaded week with no deals the last two days. in high yield, the week volume coming in over $11 billion, the third-highest this year. staples had more than $2.5 billion of sales to go along with the $1.6 billion leveraged loan. earlier this...
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May 23, 2024
05/24
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CNBC
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. >>> plus, shares of alibaba dipping on reports of a possible bond sale. how much the company is looking to raise, and what it could mean for the stock's next move. refa meyernywhe. mo "ston" in two it's truffle season! ah that's okay... never enough truffles. how much are they? it's a lot. oh okay - i'm good, that - it's like a priceless piece of art. enjoy. or when they sell you what they want? yeah. the more we understand you, the better we can help you. that's what u.s. bank is for. huge relief. yeah... ♪ >>> welcome back to "fast money. investors getting a first look at the data being presented at the world's largest cancer conference next week, the asco abstracts, just released at the top of the hour. angelica peebles has been sifting through the reports. >> hey, melissa. tonight is a big night for cancer drugs we have been going through these abstracts, and looking at the data remember, these abstracts are basically a summary of the day t data that will be presented at asco next week so, i want to point to two names that are moving right now. one
. >>> plus, shares of alibaba dipping on reports of a possible bond sale. how much the company is looking to raise, and what it could mean for the stock's next move. refa meyernywhe. mo "ston" in two it's truffle season! ah that's okay... never enough truffles. how much are they? it's a lot. oh okay - i'm good, that - it's like a priceless piece of art. enjoy. or when they sell you what they want? yeah. the more we understand you, the better we can help you. that's what u.s....
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May 14, 2024
05/24
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alibaba shares are down 5.5%. >> what is that? >> i don't know. it's below the line. the loss they had was net income related to market to market net loss in its investments. >> that shocked people. >> many chinese shares. their sales were up. revenue up 6.6% year-over-year, and the key platforms were up as well. returned at least to some level of growth. >> was their cloud platform up? >> no. i mean the sales platforms. not the cloud. they did buy back 4.8 billion in the first quarter of stock. annual target is about 12 billion u.s. dollars and repurchases. they also -- i think they up sized dividends as well. i heard a couple of more or less positive reviews. headline number was certainly down, below the line, not related to the growth -- >> when you look at home depot, when you look at alibaba, it crossed around 635. the stock was looking like it might go either way. and then it craters. the only one working today are the ones that should be up, yuan holdings. i know they get gravel in your shoes. you're not the core consumer. >> i put my squeaky ones away and neve
alibaba shares are down 5.5%. >> what is that? >> i don't know. it's below the line. the loss they had was net income related to market to market net loss in its investments. >> that shocked people. >> many chinese shares. their sales were up. revenue up 6.6% year-over-year, and the key platforms were up as well. returned at least to some level of growth. >> was their cloud platform up? >> no. i mean the sales platforms. not the cloud. they did buy back 4.8...
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May 15, 2024
05/24
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tencent good, alibaba not so good. we will not learn the full impact until tomorrow's trading. when we are trying to discern what the impact of those sanctions announced by the u.s. yesterday will be for asian markets. we seen some of that showing up on a chinese manufacturing company, not huge moves and the sentiment seems to be while these numbers, the impact is small, midmorning we had news on the property, the idea local governments could buy back inventory, adding support as we headed into lunchtime, giving markets a lift. they had been lower, weighing on the complex. signs of coming back into the afternoon. everything else was positive. a two-year high feeding into the record. tom: bloomberg's editor for asian markets on key factors driving the region. thank you indeed. we look ahead indeed to inflation data indeed. jerome powell speaking in europe saying the central bank must wait for evidence inflation is cooling before cutting rates ahead of the cpi data later today. >> i do not think it is likely based on the data that we have that the next move would be a rate hike.
tencent good, alibaba not so good. we will not learn the full impact until tomorrow's trading. when we are trying to discern what the impact of those sanctions announced by the u.s. yesterday will be for asian markets. we seen some of that showing up on a chinese manufacturing company, not huge moves and the sentiment seems to be while these numbers, the impact is small, midmorning we had news on the property, the idea local governments could buy back inventory, adding support as we headed into...
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actually operate in the united states with little to no attention. companies like smithfield foods, alibaba and even general electric to name a few art majority owned by the chinese. and yet there's silence from us politicians from writing restrictions against these are other chinese own companies, actually doing business in the us. not to mention china owns around 384000 acres of american agricultural land. but only a few us governors like florida governor, wanda santas, enacting legislation to sever ties with the chinese country, even if it's to florida is economic detriment. yup. this lack of consistency makes one believe the relationship between the 2 countries. while volatile is not the breaking point. some would like us to believe this has been a your $360.00 do. thanks for watching. the the, the on off what sky, o'neill, fluids the, when you talk, talk to the ball. got them to move the weight of the money for the theater. if as little as humanly is that pretty just like you associate with read you a couple. i get those go for need a lot more to the door. so familiar with just a momen
actually operate in the united states with little to no attention. companies like smithfield foods, alibaba and even general electric to name a few art majority owned by the chinese. and yet there's silence from us politicians from writing restrictions against these are other chinese own companies, actually doing business in the us. not to mention china owns around 384000 acres of american agricultural land. but only a few us governors like florida governor, wanda santas, enacting legislation...
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May 12, 2024
05/24
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alibaba and tencent could support growth according to estimates. bloomberg expecting better margins and megabanks could see it drop in profits. softbank will report trimmed losses as the vision fund returns. softbank one of the key ones. let's bring in our tech reported. causes for optimism? reporter: yes, paying recovery upon the level so after posting a big loss we expect losses for that to have narrowed. this is thanks to technology valuations which helped the fund recoup some losses and there was a significant one-time gain from t-mobile options. a recovery. haidi: what are the implications for softbank? >> they have been selling quite a bit of their assets, looking at u.s. listed assets. we see that the total value of those assets have been reduced by about 29 million. share price declines of impacted the value drop, but the vision fund has also been offloading shares in key assets like coupon, doordash and grab. we're seeing a shift in focus as more attention is paid to greater emphasis on ai technology and new strategic investments are being
alibaba and tencent could support growth according to estimates. bloomberg expecting better margins and megabanks could see it drop in profits. softbank will report trimmed losses as the vision fund returns. softbank one of the key ones. let's bring in our tech reported. causes for optimism? reporter: yes, paying recovery upon the level so after posting a big loss we expect losses for that to have narrowed. this is thanks to technology valuations which helped the fund recoup some losses and...
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actually operate in the united states with little to no attention. companies like smithfield foods, alibaba and even general electric to name a few art majority owned by the chinese. and yet there's silence from us politicians from writing restrictions against these are other chinese own companies actually doing business in the us. not to mention china owns around $384000.00 acres of american agricultural land, but only a few us governors like florida governor, wanda santas, enacting legislation to sever ties with the chinese country, even if it's the florida economic detriment. yup. this lack of consistency makes one believe the relationship between the 2 countries, while volatile, is not the breaking point. some would like us to believe this has been in your 360 view. thanks for watching the when the world's largest democracy votes the rest of the planet watches in an emerging multi polar world. india's voice matters. but who will be the power behind it? watches almost 1000000000 people decide and billions more, react the other units on off. what's going on on your fluids the when you tal
actually operate in the united states with little to no attention. companies like smithfield foods, alibaba and even general electric to name a few art majority owned by the chinese. and yet there's silence from us politicians from writing restrictions against these are other chinese own companies actually doing business in the us. not to mention china owns around $384000.00 acres of american agricultural land, but only a few us governors like florida governor, wanda santas, enacting...
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actually operate in the united states with little to no attention. companies like smithfield foods, alibaba and even general electric to name a few art majority owned by the chinese. and yet there's silence from us politicians from writing restrictions against these are other chinese own companies actually doing business in the us. not to mention china owns around $384000.00 acres of american agricultural land, but only a few us governors like florida governor, wanda santas, enacting legislation to sever ties with the chinese country. even if it's to florida is economic detriment. yeah, this lack of consistency makes one believe the relationship between the 2 countries, while volatile, is not the breaking point. some would like us to believe this has been in your 360 do. thanks for watching. it's the, there's no end in sight over how you're going to continue to destroy the earth. is the case of the med, most of the people i tried to go to the gym, but i'm certainly not ready to fight russia. this is also of soon, this is the 3rd world lunacy re washington press 4. so the funder line likes t
actually operate in the united states with little to no attention. companies like smithfield foods, alibaba and even general electric to name a few art majority owned by the chinese. and yet there's silence from us politicians from writing restrictions against these are other chinese own companies actually doing business in the us. not to mention china owns around $384000.00 acres of american agricultural land, but only a few us governors like florida governor, wanda santas, enacting...
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actually operate in the united states with little to no attention. companies like smithfield foods, alibaba and even general electric to name a few art majority owned by the chinese. and yet there's silence from us politicians from writing restrictions against these are other chinese own companies, actually doing business in the us. not to mention china owns around 384000 acres of american agricultural land. but only a few us governors like florida governor, wanda santas, enacting legislation to sever ties with the chinese country, even if it's the florida economic detriment. yup. this lack of consistency makes one believe the relationship between the 2 countries, while volatile, is not the breaking point. some would like us to believe this has been in your 360 view. thanks for watching. it's the one you do that you attempted to exit a month. i thought she sat there for the show and then it will be a job to bluff any cause of a dish. uh, international stuff is the template for supper, for the setup button and not to printer. person wants to do an easy task like that . if i see the media, i
actually operate in the united states with little to no attention. companies like smithfield foods, alibaba and even general electric to name a few art majority owned by the chinese. and yet there's silence from us politicians from writing restrictions against these are other chinese own companies, actually doing business in the us. not to mention china owns around 384000 acres of american agricultural land. but only a few us governors like florida governor, wanda santas, enacting legislation...
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actually operate in the united states with little to no attention. companies like smithfield foods, alibaba and even general electric to name a few art majority owned by the chinese. and yet there's silence from us politicians from writing restrictions against these are other chinese own companies actually doing business in the us. not to mention china owns around $384000.00 acres of american agricultural land, but only a few us governors like florida governor, wanda santas, enacting legislation to sever ties with the chinese country. even if it's to florida is economic detriment. yeah, this lack of consistency makes one believe the relationship between the 2 countries, while volatile is not the breaking point. some would like us to believe this has been in your 360 view. thanks for watching the time of rick sanchez. and i'm here to plan with you whatever you do. do not watch my new show. seriously. why watch something that's so different. several opinions that he won't get anywhere else. welcome to planes or do the have the state department c i a weapons, bankers, multi $1000000000.00 corp
actually operate in the united states with little to no attention. companies like smithfield foods, alibaba and even general electric to name a few art majority owned by the chinese. and yet there's silence from us politicians from writing restrictions against these are other chinese own companies actually doing business in the us. not to mention china owns around $384000.00 acres of american agricultural land, but only a few us governors like florida governor, wanda santas, enacting...
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May 3, 2024
05/24
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BLOOMBERG
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alibaba, tencent, may 2 on. the hung saying is on its longest winning streak since 2018. i will get to whether this has legs in just a bit. nikkei futures in singapore pointing to declines at the start of trade. markets returned from the long weekend. i think it has something to do with what we are seeing on dollar-yen. we started the week no thanks to a dovish boj. that's quite a recovery this week, helped along by those intervention expectations and speculation that we saw this week along with how the dollar slump. the recovery we are seeing on the yen's its best week against not just the dollar but the pound, the euro since december 2022. in the past 24 hours, the moves have been fairly steady. it doesn't smell like intervention. more likely, this is the trimming of positions. we came into this week with massive shorts. that was the mood on the markets. let's take a look at what we are seeing on the hong kong stock gauges. this chart will show you, they are well into overboard territory. i know it looks like a tie-dye shirt. the point is, it makes you wonder how much o
alibaba, tencent, may 2 on. the hung saying is on its longest winning streak since 2018. i will get to whether this has legs in just a bit. nikkei futures in singapore pointing to declines at the start of trade. markets returned from the long weekend. i think it has something to do with what we are seeing on dollar-yen. we started the week no thanks to a dovish boj. that's quite a recovery this week, helped along by those intervention expectations and speculation that we saw this week along...
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May 13, 2024
05/24
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on the earnings front out of china, tencent and alibaba both report on wednesday. we will alert you if there's any sense that the consumer in china is starting to turn around. then you get euro area first quarter dup, a pitch on the health of the eurozone economy, as expectations remain that the ecb could cut in june. and russia's president vladimir putin beginning a two-day visit to china, interesting given that xi jinping was recently in france, and hungary and serbia. u.s. cpi data crossing, in fact, on wednesday, the inflation print out of the u.s. earnings, you will get walmart and siemens, and nato military chiefs will meet in brussels on friday after a weekend of activity in ukraine, with some gains for the russian military. china data, a data dump on friday, proxy prices, retail sales and industrial project released friday after that aggregate financing out of china contracted for the first time on record since 2005. the inflation data was also concerning out of the weekend. the data picture being rounded out of china on friday. stay with us. this is bloomb
on the earnings front out of china, tencent and alibaba both report on wednesday. we will alert you if there's any sense that the consumer in china is starting to turn around. then you get euro area first quarter dup, a pitch on the health of the eurozone economy, as expectations remain that the ecb could cut in june. and russia's president vladimir putin beginning a two-day visit to china, interesting given that xi jinping was recently in france, and hungary and serbia. u.s. cpi data crossing,...
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May 16, 2024
05/24
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you compare this to the competitor alibaba, which posted earnings earlier this week which were a little weaker. for jd.com is 7% rise in revenue and that came amid a move to slash prices, particularly in their consumer electronics business. katie: great stuff. i appreciate the round. coming up, deere cutting the outlook as slower affirming demand it's. this is bloomberg. ♪ -- demand hits. this is bloomberg. ♪ katie: deere cutting its annual outlook as demand for farming slows. the biggest hit to their income since 2006 and that puts deere under pressure. christian leno joins us now -- chris cilino joins us. chris: they lower the outlook this quarter and this was more of a haircut than we anticipated. they lowered the net income guidance 8% to $7 million this year which would imply earnings will be somewhere north of $25 a share in 2024 or about 8% below. the reduction has been driven by deteriorating global aging markets and a needed to manage rising inventory at levels as the demand starts to pull back. you will see deere meaningfully under produce in the back half of the year. the
you compare this to the competitor alibaba, which posted earnings earlier this week which were a little weaker. for jd.com is 7% rise in revenue and that came amid a move to slash prices, particularly in their consumer electronics business. katie: great stuff. i appreciate the round. coming up, deere cutting the outlook as slower affirming demand it's. this is bloomberg. ♪ -- demand hits. this is bloomberg. ♪ katie: deere cutting its annual outlook as demand for farming slows. the biggest...
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May 23, 2024
05/24
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in the past people thought about china in terms of e-commerce, alibaba and domestic consumption. the focus industrial automation. china has half of the world's robots on the industrial side which is amazing. the second big drivers around the green effort and they are trying to dominate batteries, ev's and solar panels and trying to export some of that globally. those are the growth drivers. the offset which is still problematic is around housing and our estimate is they have between 20 million and 30 million too many homes so they are trying to clean that out. that clearly have an impact on domestic psychology. david: someone investing in the green tradition has gotten the attention of europe and the u.s. whether it is solar panels or ev's because there is a concern of overcapacity. do you see overcapacity and what does that do to margins? henry: industries like autos will become of national interest. we have seen that in technology. it could expand to other sectors. there will definitely be sensitivity. president biden talked about the tariffs increasing there. europe will do a
in the past people thought about china in terms of e-commerce, alibaba and domestic consumption. the focus industrial automation. china has half of the world's robots on the industrial side which is amazing. the second big drivers around the green effort and they are trying to dominate batteries, ev's and solar panels and trying to export some of that globally. those are the growth drivers. the offset which is still problematic is around housing and our estimate is they have between 20 million...
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May 16, 2024
05/24
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hang seng, tech lifted by tencent after earnings beat alibaba left her a miss. jd.com and baidu also keeping an eye on that. the chinese developers really and focus today. a gauge of them in hong kong, jumping to the highest level since december last year after bloomberg reports that china is mulling a plan that could get local governments to buy unsold homes from distressed developers. this could help address some of the issues related to excess inventory as well as liquidity. we are seeing that gauge jumping today but you can see outliers, we are focusing on the japanese lenders and the automakers. for different reasons. japanese automakers down because of the strengthening yen. today, the banks, there is an addition of a boj rate hike but remember, that could be profitability issue if we don't get those boj rate hikes. let's take a look at why. we have the japanese gdp, deeper contraction than expected because consumers, companies cut their own spendings. economists flagged this may be temporary as well because we got the major automaker that cut back on outp
hang seng, tech lifted by tencent after earnings beat alibaba left her a miss. jd.com and baidu also keeping an eye on that. the chinese developers really and focus today. a gauge of them in hong kong, jumping to the highest level since december last year after bloomberg reports that china is mulling a plan that could get local governments to buy unsold homes from distressed developers. this could help address some of the issues related to excess inventory as well as liquidity. we are seeing...
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May 2, 2024
05/24
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we have the big ones, tencent, alibaba, show me -- show me. they report within two days of each other. given what we've seen from the u.s. tech companies and around the world, that will also be a positive for hong kong as well. if they see improvements, it will translate that as being positive for their own companies as well. certainly there's optimism that one first quarter results come through for the big hong kong tech companies, that will be another booster. it may well be to keep the good move going until we get there. than the real test will come on people see the hard numbers. if they genuinely beat, maybe the rally can continue. paul: mliv strategist mark cranfield will stick with us. . we will talk about the fed and bank of japan in just a moment. we do have plenty more to come, this is bloomberg. ♪ paul: we talked a little bit about that rally we saw on the hang seng. let's get back to our mliv strategist mark cranfield. seems like hong kong didn't really get the memo from the fed. it was a bit of a master class in how to say somet
we have the big ones, tencent, alibaba, show me -- show me. they report within two days of each other. given what we've seen from the u.s. tech companies and around the world, that will also be a positive for hong kong as well. if they see improvements, it will translate that as being positive for their own companies as well. certainly there's optimism that one first quarter results come through for the big hong kong tech companies, that will be another booster. it may well be to keep the good...
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May 13, 2024
05/24
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we will get numbers out of german heavyweights bayer and siemens and chinese heavyweights of alibaba and jd.com set to release alongside walmart stateside. a lot still happening and we wil will look at those for you >> arabile gumede, thank you >>> we will take a fresh look at the chinese economy. the third straight month of gains as producer prices remain in deflaktion mode as they work to strengthen the shaky economy. watching the chinese central bank selling $40 billion of ultra long sovereign bonds in the effort to raise fresh stimulus money a hurdle in the efforts revealed that the biden administration will announce tariffs on chinese evs and other key imports starting tomorrow. the total levy on the evs will rise from 27% to more than 100%. for more on all this action is dewardric mcneal >> good morning. >> it wasn't that long ago where we were talking about the news and the data from china and a lot of folks said china was un-investable because of the policies and economic downturn if you look at the chinese markets, they bounced back in the last three months although off the
we will get numbers out of german heavyweights bayer and siemens and chinese heavyweights of alibaba and jd.com set to release alongside walmart stateside. a lot still happening and we wil will look at those for you >> arabile gumede, thank you >>> we will take a fresh look at the chinese economy. the third straight month of gains as producer prices remain in deflaktion mode as they work to strengthen the shaky economy. watching the chinese central bank selling $40 billion of...
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May 14, 2024
05/24
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tell me what's going on with alibaba. >> it's not going well. ref phew was better than estimates but it was the cloud division that was underwhelming. net income was worse than expecting so investors are watch the results as it lose its market share to its rivals and because it's one of the largest companies in china and many people see it as barometer of the chinese consumer health. and we know that hasn't been good so far. the chinese economy has been struggling to gain traction ever since they shut down and this is after the chinese regulators have really cracked down on the health of the tech sector. so this is a space that people are watching. i would be remiss if i didn't mention 10 cent had better earnings. so tale of two companies. katie: absolutely. let's also end on a down note and talk about wal-mart. we were talking about it with jeremy bryan. they report next week because shares moving lower today. >> it's because of a news that's close to many people. they from asking people to return back at the office, remote workers. and employe
tell me what's going on with alibaba. >> it's not going well. ref phew was better than estimates but it was the cloud division that was underwhelming. net income was worse than expecting so investors are watch the results as it lose its market share to its rivals and because it's one of the largest companies in china and many people see it as barometer of the chinese consumer health. and we know that hasn't been good so far. the chinese economy has been struggling to gain traction ever...
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May 20, 2024
05/24
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nowhere, and you will have a concentrated bet on china this time, and this consists of eight china, alibaba, jd.com -- why are you making a concentrated bet on china right now? i know the mags was a big hit last year. >> we know the economy has had struggles, but the lucky eight etfs tend to provide concentrated exposures to those companies moving the needle when it comes to the chinese consumer and chinese technology more to come there >> when is this launching? >> we filed it on friday, so hopefully about 75 days. no specificity yet >> we will have more on the ground-breaking glp1 treatments coming up. we have todd that will update us on the move from the t plus o settlement scott, back to you >> bob, appreciate that. thank you, bob pisani still ahead. ahead. >>> and we have ownership in (♪ aero space we will talk about that, next. (♪♪) what took you so long? i'm sorry, there was a long line at the thai place. you get the sauce i like? of course! you're the man! i wish. the future isn't scary. not investing in it is. nasdaq-100 innovators. one etf. before investing, carefully read a
nowhere, and you will have a concentrated bet on china this time, and this consists of eight china, alibaba, jd.com -- why are you making a concentrated bet on china right now? i know the mags was a big hit last year. >> we know the economy has had struggles, but the lucky eight etfs tend to provide concentrated exposures to those companies moving the needle when it comes to the chinese consumer and chinese technology more to come there >> when is this launching? >> we filed...
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May 13, 2024
05/24
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tomorrow we're going to hear from dow component home depot as well as china's al alibaba and thursday hearing from wal-mart, a real bell weather and under armor. the state of the consumer and market's path forward w. that in mind, straight to the floor show, joining us this afternoon, drydom pierce, cio of pension wealth management and slate stone wealth chief market stat jazz and good friend as always, kenny polcari. gentlemen, thank you for for being here. obviously the big story this week is the cpi, the ppi. we know that the fed is going to be looking at this very closely. what are your expectations? if it's hodder than expected, you'd see running for exits and markets go down; right? >> yeah, i expect it's going to come in slightly higher. not tremendously but up a tenth of a percent. not going to be surprised but not necessarily sure the market will be that surprised but i would expect to see us pull back because that would support the rate cut they're telling everybody is coming and not even saying more they're saying it's coming by the end of the year. craig:t ashley: i think
tomorrow we're going to hear from dow component home depot as well as china's al alibaba and thursday hearing from wal-mart, a real bell weather and under armor. the state of the consumer and market's path forward w. that in mind, straight to the floor show, joining us this afternoon, drydom pierce, cio of pension wealth management and slate stone wealth chief market stat jazz and good friend as always, kenny polcari. gentlemen, thank you for for being here. obviously the big story this week is...
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May 23, 2024
05/24
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alibaba stuck a big drag on the hang seng. materials underperforming on the csi 300 is the likes of copper and iron ore retreat from recent highs. let's flip the board because we talked about how the fomc minutes sounding a bit hawkish, maybe not particularly concerning given how the cpi print given softer, but we did see an initial reaction in asia fx, and feeding into the story of delta resilience, ebsa -- pboc coming through the fix allowing the currency to weaken. dollar-china moving around the 7.25 handle. the yen is in focus. let's take a look at asia chip stocks, and the ones benefiting from nvidia's stellar scorecard as we saw the likes of tsmc and sk hynix bucking the trend where most of asian stocks are treading water or in negative territory. these are the ones in green. really feeling what we got from nvidia. tom: avril hong, thank you very much indeed. staying on the story and getting more analysis, the chipmaker at the center of the ai boom surging in late trading after smashing expectations and delivering a bull
alibaba stuck a big drag on the hang seng. materials underperforming on the csi 300 is the likes of copper and iron ore retreat from recent highs. let's flip the board because we talked about how the fomc minutes sounding a bit hawkish, maybe not particularly concerning given how the cpi print given softer, but we did see an initial reaction in asia fx, and feeding into the story of delta resilience, ebsa -- pboc coming through the fix allowing the currency to weaken. dollar-china moving around...
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May 14, 2024
05/24
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we are seeing numbers from alibaba today. what does that mean for the tech sector? are you seeing a little thmore growth coming through? is a.i. spending coming through? meta has been punished when they pronounce they will be spending a little bit on a.i. what does that mean for some of the companies? now it is about the rubber hitting the road. investors want to see what the a.i. spend brings. if you give that spending away now, when will that come to fruition? it is not necessarily going to be a short-term play. you also have jd.com and baidu earnings coming out later this week. a key question with the sony numbers we saw earlier. 7% drop in profits. p playstation 5 missing targets. a one-trick pony? is that what the company has just become now or is there a revival of some sorts of that business and where do they begin to get it? is gaming the be all-end all for that company? quickly, here is the fx markets. we have been looking at the japanese yen. the dollar has been steady with the investors waited the cpi data point out of the united states. ppi, of course, b
we are seeing numbers from alibaba today. what does that mean for the tech sector? are you seeing a little thmore growth coming through? is a.i. spending coming through? meta has been punished when they pronounce they will be spending a little bit on a.i. what does that mean for some of the companies? now it is about the rubber hitting the road. investors want to see what the a.i. spend brings. if you give that spending away now, when will that come to fruition? it is not necessarily going to...