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Feb 21, 2024
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linking to hsbc is the china story talked about that exposure.tocks soar after policymakers take steps to revive investor confidence. a crackdown on trading reduced concerns about shortselling. mark cranfield joins us. trying to work out conviction that this is policy that is more determined around supporting the markets. property segment is performing well today. mark: let's start with property. bloomberg had a widely watched index of chinese in hong kong property names. that is a combination of things you're talking about. we've got the property developers association and some are trying to pressure the government to remove taxes put in place when the property market was red-hot. these taxes look out of date. people are excited about the possibility. loan data from china suggests during january the lending was better and then expected from banks, good news. there is spillover from the loan prime rate yesterday. that's feeding into the market so you put those things together and the sectors driving gains we are seeing today. tom: the white list
linking to hsbc is the china story talked about that exposure.tocks soar after policymakers take steps to revive investor confidence. a crackdown on trading reduced concerns about shortselling. mark cranfield joins us. trying to work out conviction that this is policy that is more determined around supporting the markets. property segment is performing well today. mark: let's start with property. bloomberg had a widely watched index of chinese in hong kong property names. that is a combination...
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Feb 19, 2024
02/24
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tough times ahead for hsbc.eo is telling his top executives before this week's report. this is bloomberg. ♪ how am i going to find a doctor when i'm hallucinating? what do you think, fever monster? what about zocdoc? zocdoc? dr. castell has a great bedside manner. so many options. but dr. xichun will take your sketchy insurance. xi-chun! xi-chun, xi-chun, xi-chun! thanks, bro! you've got more options than you know. book now. kriti: welcome to bloomberg markets. i'm kriti gupta. hsbc reporting fourth-quarter results on wednesday. the ceo painting a grim picture for the year ahead. let's bring in harry wilson. pleasure to have you on the program. august through this grandeur he has been having. harry: hsbc, most notable for their chinese real estate problems, and that is true for all major exposures in china. we have seen repeated provisions, exposure to the chinese real estate sector. although hsbc recently said it will be a while before it gets better, that will make things difficult for them, even though they h
tough times ahead for hsbc.eo is telling his top executives before this week's report. this is bloomberg. ♪ how am i going to find a doctor when i'm hallucinating? what do you think, fever monster? what about zocdoc? zocdoc? dr. castell has a great bedside manner. so many options. but dr. xichun will take your sketchy insurance. xi-chun! xi-chun, xi-chun, xi-chun! thanks, bro! you've got more options than you know. book now. kriti: welcome to bloomberg markets. i'm kriti gupta. hsbc reporting...
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Feb 21, 2024
02/24
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hsbc makes most of its money in china.e now is the independent banking analyst frances coppola. who's been having a look at the numbers. hello to you. so, record earnings, a big number but not as good as expected? no, and they were down on the communication stake, 3 billion, quite a big kid in the fourth quarter last year. the really rather reflects the weakness of times economy and i would much worry for hsbc�*s management because they do make a significant batch of earnings in asia and particularly in china. ~ . ., , china. what was really the fuel further this _ china. what was really the fuel further this big _ china. what was really the fuel further this big jump _ china. what was really the fuel further this big jump in - further this big jump in profits in the last year? it’s profits in the last year? it's hiuh profits in the last year? it's high interest _ profits in the last year? it�*s high interest rates. they had quite a sizeable increase in one the margin which is a difference between the borrowers and the amo
hsbc makes most of its money in china.e now is the independent banking analyst frances coppola. who's been having a look at the numbers. hello to you. so, record earnings, a big number but not as good as expected? no, and they were down on the communication stake, 3 billion, quite a big kid in the fourth quarter last year. the really rather reflects the weakness of times economy and i would much worry for hsbc�*s management because they do make a significant batch of earnings in asia and...
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Feb 21, 2024
02/24
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we have been talking about hsbc expectations. and trip.com are set to report later, the numbers following the lunar new year holiday. we are keeping an eye on asia cybersecurity stocks. they could decline after the palo alto network but the forecast for revenue and billing. also on the list, home depot reported a fifth day of comparable sales declines. we are watching the smart as well, paul. paul: chip stocks are performing around asia-pacific at the moment. we are awaiting the news from nvidia. discussing somewhat of a shadow over the tech sector at the moment. we are seeing some of the big chip names and south korea and japan. we will see if all of that hype around nvidia, if the reality lives up to that, when we get going in the u.s. later on. it's been a big day in australia for earnings as well. a lot of companies were. let's start at the top of the list. the oil producer had the full-year profit mix. or $.2 billion on the year. saint-saens shares off at the moment. before the open in london, we are seeing a decline to the
we have been talking about hsbc expectations. and trip.com are set to report later, the numbers following the lunar new year holiday. we are keeping an eye on asia cybersecurity stocks. they could decline after the palo alto network but the forecast for revenue and billing. also on the list, home depot reported a fifth day of comparable sales declines. we are watching the smart as well, paul. paul: chip stocks are performing around asia-pacific at the moment. we are awaiting the news from...
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Feb 21, 2024
02/24
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hsbc reports on 80% rise in pre—tax annual profit.ed sea to the panama canal. maritime trade is being severely disrupted. we have an exclusive report from one of the world's busy shipping rates. welcome. let's start with the banking giant, hsbc, because it has released its latest annual results showing pre—tax profits soared by nearly 18% to over $30 billion. the record high profit was marred by a $3 billion impairment on the bank's take in the chinese bank of communications. hsbc makes most of its money in china, as nick marsh explains.— nick marsh explains. these are staggering _ nick marsh explains. these are staggering numbers _ nick marsh explains. these are staggering numbers and - nick marsh explains. these are staggering numbers and i'd - nick marsh explains. these are . staggering numbers and i'd largely explained by the high interest rates we've seen in many parts of the world. the rates have been brought in by central banks to fight against inflation whilst they are bad for people trying to pay their mortgages for example,
hsbc reports on 80% rise in pre—tax annual profit.ed sea to the panama canal. maritime trade is being severely disrupted. we have an exclusive report from one of the world's busy shipping rates. welcome. let's start with the banking giant, hsbc, because it has released its latest annual results showing pre—tax profits soared by nearly 18% to over $30 billion. the record high profit was marred by a $3 billion impairment on the bank's take in the chinese bank of communications. hsbc makes...
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Feb 19, 2024
02/24
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similar risk for hsbc as well.also see higher than expected loan charges because of mortgage -- chinese property as well. >> we have already seen a profit warning from new zealand today. what is the outlook on it comes to reporting from singapore airlines and qantas this week? >> asian airlines are seeing a boom in air traffic last year. the momentum is expected to continue in 2024. that would benefit carriers like singapore airlines. in australia for qantas, they are facing a series of scandals including overcharging customers and selling tickets from flights that were already canceled previously. investors may be looking out for comments from the management on how they would tackle these issues. >> our breaking news earnings specialist. and of course, in what is otherwise a muted session in asia, the chatter is how we see china rejoining the fray after the new year holidays. quite a bit of positive news. the holiday spending. the consumption trend suggesting we might be seeing and uplift for households. butter we
similar risk for hsbc as well.also see higher than expected loan charges because of mortgage -- chinese property as well. >> we have already seen a profit warning from new zealand today. what is the outlook on it comes to reporting from singapore airlines and qantas this week? >> asian airlines are seeing a boom in air traffic last year. the momentum is expected to continue in 2024. that would benefit carriers like singapore airlines. in australia for qantas, they are facing a...
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Feb 20, 2024
02/24
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the banking topic, expobank received approval for the purchase of the russian division of the british hsbcg business in our country. the corresponding order signed by vladimir putin was published on the legal information portal. for such transactions, in accordance with the presidential decree on special measures in connection with the actions of unfriendly countries, a separate permit is required. now it will be possible to complete the deal, which took place back in july of twenty-two. hsbc in russia mainly works with corporate clients, is engaged in lending and investment banking activities. expobank specializes in lending to medium-sized large businesses, issuing bank guarantees and also deals with securities transactions . by the way, it is one of the 50 largest banks in russia. brussels is haunted by the question of how to finally seize the proceeds from frozen russian assets. the fact that the decision has not yet been made... the eu is still afraid to simply steal money, fearing for the reputation of the eurozone as a reliable financial center. we continue to discuss the use of pro
the banking topic, expobank received approval for the purchase of the russian division of the british hsbcg business in our country. the corresponding order signed by vladimir putin was published on the legal information portal. for such transactions, in accordance with the presidential decree on special measures in connection with the actions of unfriendly countries, a separate permit is required. now it will be possible to complete the deal, which took place back in july of twenty-two. hsbc...
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Feb 21, 2024
02/24
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hsbc, glencore, some of the minors coming under pressure here when it comes to the u.s.utures, we're expecting a downward move. dow jones off by 70 points yesterday we had that performance anxiety from nvidia. what will nvidia do today and what will fomc look like for today? that's the big question. "worldwide exchange" is coming up next. i'm carolin roth we'll see you tomorrow, same time, same place, bye-bye. do you have a life insurance policy you no longer need? now you can sell your policy - even a term policy - for an immediate cash payment. we thought we had planned carefully for our retirement. but we quickly realized we needed a way to supplement our income. if you have $100,000 or more of life insurance, you may qualify to sell your policy. don't cancel or let your policy lapse without finding out what it's worth. visit coventrydirect.com to find out if your policy qualifies. or call the number on your screen. coventry direct, redefining insurance. >>> it's 5 headquarters and we start with "five@5. futures are currently under pressure. >>> and today it's aulg ab
hsbc, glencore, some of the minors coming under pressure here when it comes to the u.s.utures, we're expecting a downward move. dow jones off by 70 points yesterday we had that performance anxiety from nvidia. what will nvidia do today and what will fomc look like for today? that's the big question. "worldwide exchange" is coming up next. i'm carolin roth we'll see you tomorrow, same time, same place, bye-bye. do you have a life insurance policy you no longer need? now you can sell...
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Feb 21, 2024
02/24
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that's the hsbc story. let's go 3-3, because i think you have more bad news for me. >> yeah, i only have bad news today. glencore had $17 billion of revenue, but of course, commodity markets last year were different. we saw very high volatility, and this came after the aftermath of the invasion of ukraine. glencore slashed its debt. and for the first time in several years, when it comes to commodity trading, the company saw a huge fall in terms of revenue. they're trying to please investors, by saying that ads interest rates are coming, supply chains are improving, there may be actually more demand than things improving. but it's yet, hard to see those super high revenue numbers that we saw last year. katie: and it's a tall order to please investors, while cutting the dividends, cross purposes there. thank you so much. coming up, week get a read on how the fed is thinking about the u.s. economy. we'll have a preview of those fomc minutes coming up next. this is bloomberg. this is bloomberg. ♪ hey you, with
that's the hsbc story. let's go 3-3, because i think you have more bad news for me. >> yeah, i only have bad news today. glencore had $17 billion of revenue, but of course, commodity markets last year were different. we saw very high volatility, and this came after the aftermath of the invasion of ukraine. glencore slashed its debt. and for the first time in several years, when it comes to commodity trading, the company saw a huge fall in terms of revenue. they're trying to please...
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Feb 21, 2024
02/24
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record earnings: banking giant hsbc reports an almost 80% rise in pre—tax annual profits. impact on the russian economy? global shipping in crisis: from the red sea to the panama canal, maritime trade is being severely disrupted. we have an exclusive report from one of the world's busiest shipping routes. and fancy a 3—day weekend? companies who took part in a 4—day working week trial are reporting lasting success. could this become the norm?
record earnings: banking giant hsbc reports an almost 80% rise in pre—tax annual profits. impact on the russian economy? global shipping in crisis: from the red sea to the panama canal, maritime trade is being severely disrupted. we have an exclusive report from one of the world's busiest shipping routes. and fancy a 3—day weekend? companies who took part in a 4—day working week trial are reporting lasting success. could this become the norm?
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Feb 20, 2024
02/24
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with lloyds, hsbc and standard chartered do to report in the coming days.'s bring in bloomberg's william short who covers the finance sector across the u.k., europe and africa. are we looking for for the results? >> it will be in focus, that's one of the biggest parts of barclays business. it has been a tough quarter for some banks and some of its peers on wall street. goldman sachs and citigroup wasted revenue about 25%. barclays, little grim, not quite as grim. analysts anticipating a drop of 15% year on year to 831 million pounds. there's also going to be focus on dealmaking capital markets. a lot of companies have had issues as corporate ceos take to the sidelines amid volatile interest rates. the expectation with barclays is , investment bankers posting around 406 million it in advisory and under visor he fees. that would be a drop of about 15%. if those predictions come correct, a challenging quarter. tom: a challenging quarter arguably for barclays. we get the details in under half an hour. then there's the strategic review. how important is that? wi
with lloyds, hsbc and standard chartered do to report in the coming days.'s bring in bloomberg's william short who covers the finance sector across the u.k., europe and africa. are we looking for for the results? >> it will be in focus, that's one of the biggest parts of barclays business. it has been a tough quarter for some banks and some of its peers on wall street. goldman sachs and citigroup wasted revenue about 25%. barclays, little grim, not quite as grim. analysts anticipating a...
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Feb 21, 2024
02/24
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major hong kong—based lender hsbc is due to report latest results.re question marks over operations in asia, particularly when china's economy has been slowing with the government rolling out measures can signed to get consumers spending. earlier this week the chinese central bank cut its lending rate used to price mortgages and lowered the cash banks need to keep in reserve last month. harry from moody's analytics. china has had a lacklustre start to 2024, building on a poor �*23. so investors have been calling out for more support. i think this cut yesterday goes someway in appeasing that. ultimately, though cutting rates is not enough to shift the dial in china's economy. it's more of a stop—gap until we get to the two sessions next month, where we will see a broader stimulus program rolled out, in terms of monetary policy, but on the fiscal side. other stories. amazon founderjeff bezos has finished plans which you disclosed earlier this month to sell around 50 million shares in the e—commerce company. later sale of 1a million shares disclosed in
major hong kong—based lender hsbc is due to report latest results.re question marks over operations in asia, particularly when china's economy has been slowing with the government rolling out measures can signed to get consumers spending. earlier this week the chinese central bank cut its lending rate used to price mortgages and lowered the cash banks need to keep in reserve last month. harry from moody's analytics. china has had a lacklustre start to 2024, building on a poor �*23. so...
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Feb 23, 2024
02/24
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yvonne: fred neumann at hsbc.g the terminal this morning when it comes to general motors. the gm's autonomous driving unit is nearing the resumption of its robotaxi testing in the coming weeks. with houston and dallas coming out as potential locations for this. this is following the grounding of its fleet last year, according to our sources. gm getting ready once again to resume that robotaxi testing. we've got plenty more ahead. this is bloomberg. ♪ yvonne: -- annabelle: taking a look at how fx is performing. you have the dollar setting fairly flat this morning. but we do see a bit of moves in terms of other currencies. the japanese yen fairly steady at 1.50, but more strength coming into the aussie dollar. the chinese yuan, a little change at 7.2. but in terms of the fx space, the story is those signals around u.s. economic strength. we had the nvidia numbers, but as fred was saying before, there were other data points as well. u.s. manufacturing activity expanding at the fastest pace since september 2022. yvonn
yvonne: fred neumann at hsbc.g the terminal this morning when it comes to general motors. the gm's autonomous driving unit is nearing the resumption of its robotaxi testing in the coming weeks. with houston and dallas coming out as potential locations for this. this is following the grounding of its fleet last year, according to our sources. gm getting ready once again to resume that robotaxi testing. we've got plenty more ahead. this is bloomberg. ♪ yvonne: -- annabelle: taking a look at how...
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Feb 22, 2024
02/24
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. ♪ paul: hsbc ceo noel quinn says the firm has strong confidence in the china economy.spoke with bloomberg after the company saw its profits sink in the last quarter after taking unexpected charges on holdings in the chinese bank and from selling its french retail operations. >> i am very pleased with the fact we have been up through 40 billion of pbt which is a record. also i am very pleased with the return on tangible equity. we have been working hard to make sure we delivered returns and be did that last year. we had a return on tangible equity of 15.6%. i'm also really pleased with the dividends. $.61, the highest dividend for the full year since 2008. and we completed $7 billion buyback and announced another to billion-dollar buyback this year. i am really pleased with that. strong capital generation. i believe with the cet1 ratio of 14.8% we have strong potential for future capital distribution as well. in the fourth quarter we did have some noise in the numbers. we had three principal items. the first one was we rebooked the loss on sale of our french operation n
. ♪ paul: hsbc ceo noel quinn says the firm has strong confidence in the china economy.spoke with bloomberg after the company saw its profits sink in the last quarter after taking unexpected charges on holdings in the chinese bank and from selling its french retail operations. >> i am very pleased with the fact we have been up through 40 billion of pbt which is a record. also i am very pleased with the return on tangible equity. we have been working hard to make sure we delivered...
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Feb 21, 2024
02/24
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major hong kong based lender hsbc is due to report its latest results on wednesday.re's a lot of question marks over its operations in asia, particularly when china's economy has been slowing with the government rolling out measures designed to get consumers and business spending. this week, china's central bank cut its benchmark lending rate used to price mortgages. and last month, it lowered the amount of cash banks need to keep as reserve. for more, i'm joined by harry murphy cruise of economic analysis service moody's analytics. but as harry murphy cruise of economic analysis service a lackluster start and investors have been calling for more support and it goes some way and appeasing that and ultimately, cutting interest rates, it is not enough to shift the dial in china's economy and it seems like a bit of a stopgap before we go into the two sessions oversee a bit of a broader stimulus programme but in terms of monetary policy but in terms of monetary policy but also on the fiscal side. before we go, imagine being able to control a mouse with your thoughts. tha
major hong kong based lender hsbc is due to report its latest results on wednesday.re's a lot of question marks over its operations in asia, particularly when china's economy has been slowing with the government rolling out measures designed to get consumers and business spending. this week, china's central bank cut its benchmark lending rate used to price mortgages. and last month, it lowered the amount of cash banks need to keep as reserve. for more, i'm joined by harry murphy cruise of...
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Feb 21, 2024
02/24
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it's putzing shares under pressure but i also want to tell you about hsbc they posted a 78% jump in fullr pretext profit. but that fell short of expectations because the lender also took a $3 billion impairment on its stake in china's bank of communications take a look at the shares here in london they're down by a whopping 7.5%, and this is the biggest decline for shares since march 2020 frank, back over to you. >> carolin, thank you very much. >>> turning our attention back to the u.s we're watching shares of equinix. it's growing be 13% thanks to the nearly 17,000 deals closed in 2023. the infrastructure says it's benefitting from the increase of ai and the need for cloud deployments. joining me now is the president and ceo. charles, good morning. good to have you here. we saw a pullback when it comes to the magnificent seven names yesterday. your earnings have told a very different story. give us a sense. what's the demand specifically tied to ai >> it continues to be strong not only on ai but on digital transformation demand. i think this people continue to see it as a strategic dri
it's putzing shares under pressure but i also want to tell you about hsbc they posted a 78% jump in fullr pretext profit. but that fell short of expectations because the lender also took a $3 billion impairment on its stake in china's bank of communications take a look at the shares here in london they're down by a whopping 7.5%, and this is the biggest decline for shares since march 2020 frank, back over to you. >> carolin, thank you very much. >>> turning our attention back to...
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Feb 19, 2024
02/24
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let's start with hsbc and the other bank set to release earnings. what do we anticipate?major banks operating in hong kong on some pressure might have seen pressure on the upcoming earnings because of recently the china property operations and also potential federal reserve [indiscernible] so that could impact earnings later this week. any shift in rates [indiscernible] so maybe we would be looking out for comments on how lenders are preparing the shift in february interest rate so interim -- individually [indiscernible] lender faces challenges laying ahead because they may be considering to restructure its institutional banking union in a bid to improve returns so that comes as chatter has been setting aside more results for souring loans through chinese commercial property in recent years of the focus would be on weakening revenue prospect and china risk. hsbc we see similar in terms of chinese property side and higher than expected loan charters as well but [indiscernible] may be supported by strong capital. haslinda: how about the earnings of airlines, how might that
let's start with hsbc and the other bank set to release earnings. what do we anticipate?major banks operating in hong kong on some pressure might have seen pressure on the upcoming earnings because of recently the china property operations and also potential federal reserve [indiscernible] so that could impact earnings later this week. any shift in rates [indiscernible] so maybe we would be looking out for comments on how lenders are preparing the shift in february interest rate so interim --...
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Feb 21, 2024
02/24
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i don't hsbc, i don't don't think the hsbc, i don't think it's that great. >> it a beautiful piece., really? you just didn't understand really? you just didn't understéokay, actually very >> josh okay, actually very moving, conceptual piece. moving, modern conceptual piece. >> study enough. >> i didn't study enough. shakespeare. problem. shakespeare. that's my problem. that was your problem. >> read titus andronicus. >> read titus andronicus. >> i get a lot about >> i will get to a lot about banks windows. >> i will get to a lot about barokay. windows. >> i will get to a lot about barokay. wiright.. >> i will get to a lot about barokay. wi right. we're >> okay. all right. we're going to on to the mirror now. to move on to the mirror now. uh, i've heard uh, josh? liz truss, i've heard of yes of her. yes >> she , uh, she was prime >> um, she, uh, she was prime minister >> josh. >> josh. >> prime minister. yes, yes, prime minister. okay she blames the deep state for sabotaging her 49 days as pm. uh, in, uh, fox news tirade. okay. uh what tirade? >> seems a bit strong . yeah, i >> seems
i don't hsbc, i don't don't think the hsbc, i don't think it's that great. >> it a beautiful piece., really? you just didn't understand really? you just didn't understéokay, actually very >> josh okay, actually very moving, conceptual piece. moving, modern conceptual piece. >> study enough. >> i didn't study enough. shakespeare. problem. shakespeare. that's my problem. that was your problem. >> read titus andronicus. >> read titus andronicus. >> i get...
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Feb 22, 2024
02/24
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GBN
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i don't hsbc, i don't don't think the hsbc, i don't think it's that great. >> it a beautiful piece.. oh, really? you just didn't understand really? you just didn't uncjosh|nd really? you just didn't uncjosh okay, actually very >> josh okay, actually very moving, conceptual piece. moving, modern conceptual piece. >> study enough. >> i didn't study enough. shakespeare. problem. shakespeare. that's my problem. that was your problem. >> read titus andronicus. >> read titus andronicus. >> i get a lot about >> i will get to a lot about banks windows. >> i will get to a lot about barokay. windows. >> i will get to a lot about barokay. all ndows. >> i will get to a lot about barokay. all ndowswe're going >> i will get to a lot about ba move. all ndowswe're going >> i will get to a lot about ba move on l ndowswe're going >> i will get to a lot about ba move on to dowswe're going >> i will get to a lot about ba move on to the swe're going >> i will get to a lot about ba move on to the mirror going >> i will get to a lot about ba move on to the mirror nowg to move on to the mirror now. uh, jos
i don't hsbc, i don't don't think the hsbc, i don't think it's that great. >> it a beautiful piece.. oh, really? you just didn't understand really? you just didn't uncjosh|nd really? you just didn't uncjosh okay, actually very >> josh okay, actually very moving, conceptual piece. moving, modern conceptual piece. >> study enough. >> i didn't study enough. shakespeare. problem. shakespeare. that's my problem. that was your problem. >> read titus andronicus. >>...
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Feb 21, 2024
02/24
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hsbc is facing headwinds on one of its key markets.rg brief. >> the state of the u.s. consumer. >> the consumer has been trading down. it does not mean it is all bad for the consumer. i think the consumer's choice for is walmart said and is able to spend where needed. >> that conversation around the corner. this is bloomberg. ♪ ♪ (captivating music) ♪ (♪♪) the first law of thermodynamics states that energy cannot be created or destroyed. (♪♪) but it can be passed on to the next generation. (♪♪) jonathan: equities on the s&p 500, a slight pullback -- negative. nvidia is just around the corner. the number one performing equity on the s&p 500. yields are lower by a couple of basis points on the 10 year. the euro slightly weaker. under surveillance this morning the state of the u.s. consumer. >> the consumer has been trading down. it does not mean it is all bad i do think the consumer is choice for and has been able to spend. 2024 is looking to be the year of normalization. the year starting off probably get a start selling soft and hopefu
hsbc is facing headwinds on one of its key markets.rg brief. >> the state of the u.s. consumer. >> the consumer has been trading down. it does not mean it is all bad for the consumer. i think the consumer's choice for is walmart said and is able to spend where needed. >> that conversation around the corner. this is bloomberg. ♪ ♪ (captivating music) ♪ (♪♪) the first law of thermodynamics states that energy cannot be created or destroyed. (♪♪) but it can be passed...
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Feb 9, 2024
02/24
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ESPRESO
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including companies from the uk, usa, europe and ukraine, such as black rock and roller, vanguards and hsbcst-class customers, including leading steel foundries in europe and asia, which has suppliers such as caterpiller abc from switzerland is in the spotlight. the fact that the company is listed on the london stock exchange and is included in the ftse-250 index means that the international investor community is following by. by us very carefully, and that is why we are a demonstrative example for the authorities, because we combine the best global practices, working in ukraine and at the same time, having access to the international capital market, which allowed us to make huge investments earlier. poltava gzk and its parent company ferexpo plc emphasize that if they do not find justice in ukraine, foreign investors will turn to international courts and arbitration bodies. according to agreements on mutual... dear friends, good morning to all those who just joined espresso, good morning to all those who have been watching us since early morning, i.e. 7 in the morning, olesya vakulyuk, and
including companies from the uk, usa, europe and ukraine, such as black rock and roller, vanguards and hsbcst-class customers, including leading steel foundries in europe and asia, which has suppliers such as caterpiller abc from switzerland is in the spotlight. the fact that the company is listed on the london stock exchange and is included in the ftse-250 index means that the international investor community is following by. by us very carefully, and that is why we are a demonstrative example...
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Feb 9, 2024
02/24
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including companies from the uk, usa, europe and ukraine, such as black rock and roller, vanguards and hsbc, and top-notch clients. in particular, the leading steel foundries of europe and asia, which has such suppliers as caterpiller, abb from switzerland, is in the spotlight. what companies. means that the international investor community is following us very closely, and that is why we are indicative an example for the authorities, because we combine the best world practices while working in ukraine and at the same time, having access to the international capital market, which allowed us to make huge investments earlier. the poltava gzk and its parent company ferex pplc emphasize that if justice is not found in ukraine, foreign investors will turn to international courts and arbitration bodies. in accordance with agreements on mutual protection of foreign investments with great britain and switzerland. yuliya zubchenko, yuliya belska, espresso tv channel. glory to ukraine, dear tv viewers, on the air of the tv channel informational analytical marathon 17, secondly, we inform about all th
including companies from the uk, usa, europe and ukraine, such as black rock and roller, vanguards and hsbc, and top-notch clients. in particular, the leading steel foundries of europe and asia, which has such suppliers as caterpiller, abb from switzerland, is in the spotlight. what companies. means that the international investor community is following us very closely, and that is why we are indicative an example for the authorities, because we combine the best world practices while working in...
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Feb 9, 2024
02/24
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including companies from great britain, usa, europe and ukraine, such as black rock, and roller, vangards & hsbc first class clients. in particular, the leading steel foundries of europe and asia, which has such suppliers as caterpiller, abb from switzerland. is in the spotlight, the fact that the company is listed on the london stock exchange and is included in the ftse-250 index means that the international investor community follows us very closely, and that is why we are an exemplary example for the authorities , because we combine the best global practices, working in ukraine and at the same time having access to the international capital market, which allowed us to make huge investments earlier. in poltava gzk and its mother. if investors turn to international courts and arbitration bodies, they will not find justice in ukraine. in accordance with agreements on mutual protection of foreign investments with great britain and switzerland. yuliya zubchenko, yuliya belska, espresso tv channel. good morning, dear friends, we wake up, turn off espresso, olesya vokulyuk, andriy saichuk, we are gl
including companies from great britain, usa, europe and ukraine, such as black rock, and roller, vangards & hsbc first class clients. in particular, the leading steel foundries of europe and asia, which has such suppliers as caterpiller, abb from switzerland. is in the spotlight, the fact that the company is listed on the london stock exchange and is included in the ftse-250 index means that the international investor community follows us very closely, and that is why we are an exemplary...
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Feb 20, 2024
02/24
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hsbc is introducing a new bonus plan for junior employees.riable pay which uses external benchmark data and internal pay data. the new system will apply globally to those in career bands 4-8. underlying performance remains strong after reporting flat first-half profits from the year before. we spoke to him earlier. >> in terms of financial performance it was a strong half. ebitda was up by 5% and operating cash flow up by 30%. all of that has allowed us to declare an interim dividend of $.72 per share. we've had a couple of exceptional's, including in our nickel business. it is the smallest by some in the portfolio but given the surge of nickel we seem coming out of indonesia in recent years, there's been changes in the way the exchange for nickel works. step back and assess the value of that business, but i would draw attention back to the underlying operational financial performance which remains really strong. >> let's talk about nickel first, you mentioned the impairment of 2.5 billion for post-tax. if it so difficult to make money in thi
hsbc is introducing a new bonus plan for junior employees.riable pay which uses external benchmark data and internal pay data. the new system will apply globally to those in career bands 4-8. underlying performance remains strong after reporting flat first-half profits from the year before. we spoke to him earlier. >> in terms of financial performance it was a strong half. ebitda was up by 5% and operating cash flow up by 30%. all of that has allowed us to declare an interim dividend of...
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Feb 20, 2024
02/24
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hsbc is introducing a bonus plan for junior employees to improve transparency. given on target variable pay and internal pay data. the new system will apply in korea. large companies facing losses from overseas real estate losses according to data from opposition party lawmakers. the financial has the largest exposure, a branch of one of korea's biggest credit unions after losses on real estate loans. annabelle: chinese ev maker horizons has suspended operations for at least six months which adds to signs of a squeeze as growth slows. asia transfer reporter linda lew joins us now. we've seen players in china hit by intense competition. >> yes and it speaks to how intense the electric vehicle market has become in china given that growth was slowing. sales growth is projected to slow for a second year and that is great news for the smaller players. i-5 is a premium brand so their customer base is small. they have not had great sales, sold fewer than 8000 units and that is not a skill that will support them. they decided to suspend production for six months. haidi:
hsbc is introducing a bonus plan for junior employees to improve transparency. given on target variable pay and internal pay data. the new system will apply in korea. large companies facing losses from overseas real estate losses according to data from opposition party lawmakers. the financial has the largest exposure, a branch of one of korea's biggest credit unions after losses on real estate loans. annabelle: chinese ev maker horizons has suspended operations for at least six months which...
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Feb 14, 2024
02/24
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hsbc capping the gains on the hung sank. let's flip the board and take you to the yen.s i said, that's where all the attention is. we saw it hitting 150.89 levels, which we hadn't seen since november of last year. that raises the risk of intervention. we got that verbally from the top currency official as well as the finance minister. that helped to push things back down on dollar-yen. still, the question remains as to what actually will prompt intervention. here are a couple things to consider. if history is any gauge, if you take a look at what happened in 2022, that was after the currency jumped about 5% in the span of two weeks. based on those calculations, the level of intervention. also consider here the other thing -- he talks about ¥10 in a span of a month being moved, considered rapid. given that, thanks to the cap -- calculations of our colleagues, that would put the level at 157. it's interesting how u.s. cpi print has put dollar-yen above 150. tom: indeed. we will unpack that story in more detail. thank you very much indeed for walking us through the key mar
hsbc capping the gains on the hung sank. let's flip the board and take you to the yen.s i said, that's where all the attention is. we saw it hitting 150.89 levels, which we hadn't seen since november of last year. that raises the risk of intervention. we got that verbally from the top currency official as well as the finance minister. that helped to push things back down on dollar-yen. still, the question remains as to what actually will prompt intervention. here are a couple things to...
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Feb 9, 2024
02/24
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bloomberg has learned saudi arabia is set to higher banks including citi, goldman, and hsbc in a shareof aramco. also said to be in talks with other banks. the full offering would raise $20 billion making it among the biggest in recent years. bloomberg understands the electric car battery firm steered by mercedes and stellantis is close to raising 4.4 billion euro. the automotive sales company is also in talk with banks said to have debt deals soon. battery plants are key for europe's effort to set up a supply chain to rival asia. we have had a mixed picture from the luxury and cosmetic space this week as the sector grapples with inflationary pressures and softness in china. to look ahead to earnings in under 15 minutes, i'm joined by bloomberg's gerling on it -- caroline connan. what do you take from the earnings we saw last night? what did i tell us? caroline: if you look at sales, they were disappointing in the fourth quarter but missing estimates. somehow the strong demand they had third quarter softened at the end of the year. especially in china which is of course a key market if
bloomberg has learned saudi arabia is set to higher banks including citi, goldman, and hsbc in a shareof aramco. also said to be in talks with other banks. the full offering would raise $20 billion making it among the biggest in recent years. bloomberg understands the electric car battery firm steered by mercedes and stellantis is close to raising 4.4 billion euro. the automotive sales company is also in talk with banks said to have debt deals soon. battery plants are key for europe's effort to...
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Feb 22, 2024
02/24
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CNBC
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. >>> hsbc getting on the chips band wag i band wagon shares of asml up 3%. >>> time for "the globalnikkei closing at the first all-time high in 34 years after closing up more than 2% on the day. year to date with the index up 16% compared to the 4% rise for s&p. tokyo electric and advantest up with big earnings. and shares of danon with a strong sales last year one of the biggest insurers posted an operating profit of $7.4 billion the ceo expects the positive momentum to continue shares overseas are moving 3% higher. >>> we are looking at nestle with falling sales as inflation hits consumer spending and demand for the product portfolio. that stock is getting hit hard right now down 5%. >>> google news. google planning to produce pixel smartphones in india next quarter. according to the nikkei asia, the company is diversifying the supply chain away from china and seeking to capitalize on the india smartphone market. >>> coming up on "worldwide exchange," the one word that every investor needs to know today and markets looking to capitalize on enthusiasm with nvidia ruesults is the cl
. >>> hsbc getting on the chips band wag i band wagon shares of asml up 3%. >>> time for "the globalnikkei closing at the first all-time high in 34 years after closing up more than 2% on the day. year to date with the index up 16% compared to the 4% rise for s&p. tokyo electric and advantest up with big earnings. and shares of danon with a strong sales last year one of the biggest insurers posted an operating profit of $7.4 billion the ceo expects the positive...
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Feb 16, 2024
02/24
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the first on-air report in 2017 about hsbc and it feels like yesterday.o much has happened since then. i have been extremely privileged to cover some of the big business and political stories in europe. i appreciate everyone who sat down with me for interviews from central bankers to ceos and fund managers. thank you, viewers, who tuned in and placed trust in our coverage. a big thank you to my colleagues. my wonderful anchor julianna who is watching. our show producer david and all of the extremely hard working producers. katie and brit. these shows go to air thanks to you. a huge thank you to the whole team and gallery and directors in my ear. all adam and will and roger and sophie. it takes a village. i'm lucky to have so many friends. i'll leave with the quote from the former u.n. secretary-general. for all that has been, thanks. for all that is to be, yes. good-bye. is it possible to count on my internet like my customers count on me? it is with comcast business. keeping you up and running with 99.9% network reliability. and security that helps outsm
the first on-air report in 2017 about hsbc and it feels like yesterday.o much has happened since then. i have been extremely privileged to cover some of the big business and political stories in europe. i appreciate everyone who sat down with me for interviews from central bankers to ceos and fund managers. thank you, viewers, who tuned in and placed trust in our coverage. a big thank you to my colleagues. my wonderful anchor julianna who is watching. our show producer david and all of the...
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Feb 19, 2024
02/24
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really just around a lot of the uk banks with restructuring is the theme outside hsbc.ard charter is restructuring and lloyds announced the 1,600 job cuts. barclays is talking about res restru restructuring. barclays is making a bid for the soc gen private business and the retail banking business. and they have exiting consumer financing in germany. they are trying to find value in the best way possible. where is the question. >> speaking of value, that is a great point. value is the big issue with the uk banks. even the head of the boe is puzzled by it. he said why is no one willing to pay book value for uk banks? what's the problem? >> it is a question that santander kicked off since 2009. if we focus not just on nat west's price, but the one after this. over of the last 20 years, it hasn't gone anywhere since 2009. we are sitting at same level ans spring of 2009. that height in february of 2007 -- tomorrow will mark exactly 17 years since we hit those levels. again, since 2009, the inability for the banks to take advantage of, one, lower rates and change of environme
really just around a lot of the uk banks with restructuring is the theme outside hsbc.ard charter is restructuring and lloyds announced the 1,600 job cuts. barclays is talking about res restru restructuring. barclays is making a bid for the soc gen private business and the retail banking business. and they have exiting consumer financing in germany. they are trying to find value in the best way possible. where is the question. >> speaking of value, that is a great point. value is the big...
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Feb 21, 2024
02/24
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FBC
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we when this used to be called the hong kong banking corporation, not hsbc.: they made a big bet on china. they reported their first quarterly loss in 5 years, the main reason is the right down on their stake in bank of communications which is one of the largest lenders in china. stuart: intuitive machines, they make the moon lander. lauren: that moon lander is scheduled to land tomorrow on the south pole of the moon. the stock rallied four days straight, 17% and called the volatility. it is lower but it has more than doubled since february 15th. this is a retail stock favorite. a lot of money in this thing. stuart: a little profittaking. former south carolina governor nikki haley vowing to continue her fight for the republican nomination despite calls to drop out and poll numbers showing a commanding lead for donald trump. the primary is on saturday. alexandria half has been following the race. what is haley saying about south carolina? >> reporter: she feels she will have a competitive showing it is optimistic. i don't think she expect she will win this sta
we when this used to be called the hong kong banking corporation, not hsbc.: they made a big bet on china. they reported their first quarterly loss in 5 years, the main reason is the right down on their stake in bank of communications which is one of the largest lenders in china. stuart: intuitive machines, they make the moon lander. lauren: that moon lander is scheduled to land tomorrow on the south pole of the moon. the stock rallied four days straight, 17% and called the volatility. it is...
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Feb 23, 2024
02/24
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look at the ftse mib in italy down 2.7% you see ftse 100 is off 0.3% for the week we had an issue with hsbcith the impairment charge coming from china and also with the mining stocks. rio tinto and glencore with issues there and the commodity prices coming down that very much impacting the capital returns and also the earnings i want to come back to standard charter. up by 8.256% that really was a lot of strength here. obviously, the ceo was on the show this morning and he was upbeat about the chinese economy. we did see impairment charge, but that is clearly not what investors are focusing on. u.s. futures here with a bit of profit taking at the start of the trading session. dow jones industrial average falling 5. the nasdaq off 40 points off the monster rally yesterday. that's it for the show i'm carolin roth "worldwide exchange" is up next. whoa, how did you defeat them? with a little kung fu strength and by connecting my devices to the most powerful force of all. skadoosh. hah, huh? cool right? amazing. harness the power of xfinity internet and stay connected to the things you love. ah,
look at the ftse mib in italy down 2.7% you see ftse 100 is off 0.3% for the week we had an issue with hsbcith the impairment charge coming from china and also with the mining stocks. rio tinto and glencore with issues there and the commodity prices coming down that very much impacting the capital returns and also the earnings i want to come back to standard charter. up by 8.256% that really was a lot of strength here. obviously, the ceo was on the show this morning and he was upbeat about the...
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Feb 1, 2024
02/24
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punch and bought investors shortly after we closed on hsbc.o area, about a million new customers, top 10 deposit market share, and that's gone phenomenally well. i'd have to say in terms of account growth, customer growth, deposit growth, we're shooting the lights out there. hopefully if you live here in new york, you get to see our nice bright green signage. it's good for our overall brand visibility as well to be here in new york. we finally now can say we're a strong northeastern bank, and we filled in that hole. lisa: are you filling in more holes? are you planning more acquisitions? bruce: the other thing that i think we've done in the past couple of years, which is pretty exciting, is last year we had an opportunity to lift out a bunch of teams that were leaving first republic. so we brought about 150 people on to our platform. that was six teams. we start out focused on the east coast, the boston and new york and florida team. and then the west coast teams also said, well, what about us, you should be out here too. so we brought three t
punch and bought investors shortly after we closed on hsbc.o area, about a million new customers, top 10 deposit market share, and that's gone phenomenally well. i'd have to say in terms of account growth, customer growth, deposit growth, we're shooting the lights out there. hopefully if you live here in new york, you get to see our nice bright green signage. it's good for our overall brand visibility as well to be here in new york. we finally now can say we're a strong northeastern bank, and...
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Feb 14, 2024
02/24
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let's bring in liz martins, a senior economist at hsbc and has been following this for us.of inflation and interest rates, and the way in which the labour markets, the supply of people available to work in the uk plays into all that, so these are the key issues to date and there is a lot of data out this week around all those numbers, but broadly speaking he is saying everything is kind of on track. the world we are in now is one where inflation is coming down without a big rise in unemployment so far and that is a good thing. {line so far and that is a good thing. one ofthe so far and that is a good thing. one of the things _ so far and that is a good thing. one of the things you _ so far and that is a good thing. one of the things you mentioned is in spite of that picture, he said services inflation is still above 6%, is expected to come down any point? it 6%, is expected to come down any oint? . . . 6%, is expected to come down any oint? , , ., , point? it is. it is a little bit unfair to — point? it is. it is a little bit unfair to say _ point? it is. it is a little bit
let's bring in liz martins, a senior economist at hsbc and has been following this for us.of inflation and interest rates, and the way in which the labour markets, the supply of people available to work in the uk plays into all that, so these are the key issues to date and there is a lot of data out this week around all those numbers, but broadly speaking he is saying everything is kind of on track. the world we are in now is one where inflation is coming down without a big rise in unemployment...
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Feb 8, 2024
02/24
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the folks at goldman sachs and hsbc saying the gains are base effects with the lunar new year in februaryhereas the holiday was in january last year which pushed up consumption then. when you look at core inflation, which strips out food and fuel prices, it was the weakest rise since 2023. producer prices saw marginal improvement, but a fall down 2.5% on year. the 16th straight fall in a row. in the last trading day before the holiday, the mainland equity is up for the fourth straight session after the shake up at the top of the s.e.c. commission. the new chief earned himself the nickname broker butcher because of the hard line approach to the regulation. some analysts say it is a good thing as policies will stamp out those who seek to manipulate the market and others say it doesn't address the fundamental problems impacting the economy such as the lack of policy certainty and the three ds and political risk. lynn lin, cnbc business news. >> that did not stop chinese markets from having a good session overnight. >>> disney is higher pre-market after topping expectations. the house of mous
the folks at goldman sachs and hsbc saying the gains are base effects with the lunar new year in februaryhereas the holiday was in january last year which pushed up consumption then. when you look at core inflation, which strips out food and fuel prices, it was the weakest rise since 2023. producer prices saw marginal improvement, but a fall down 2.5% on year. the 16th straight fall in a row. in the last trading day before the holiday, the mainland equity is up for the fourth straight session...
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Feb 26, 2024
02/24
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. >>> hsbc downgrading moderna over the uncertainty of vaccination rates of covid and rsv shots. >>>efing. alcoa making a $2.2 billion takeover offer for alumina. alcoa had offers for alumina. the deal will make it less reliant on others to supply refineries and better weather swings. >>> south korea boosting shareholder returns seeking to replicate japan. the nikkei is at an all-time high and south korea's measures are tax incentives for shareholder returns and korea value up index for firms that improve the corporate governance. >>> taiwan semi opening the first japan factory this weekend. it is trying to diversify the supply chain while mitigating risk. the company is expected to start construction on the second factory in japan by the end of the year. >>> we have big changes to the dow and trans porttransports in opening bell. uber and amazon changes the importance of individual stocks within the price weighted index. the higher the stock price, the more it moves the index. uber replacing jetblue with the .25% weighting. amazon will have a nearly 3% weighting replacing walgreens.
. >>> hsbc downgrading moderna over the uncertainty of vaccination rates of covid and rsv shots. >>>efing. alcoa making a $2.2 billion takeover offer for alumina. alcoa had offers for alumina. the deal will make it less reliant on others to supply refineries and better weather swings. >>> south korea boosting shareholder returns seeking to replicate japan. the nikkei is at an all-time high and south korea's measures are tax incentives for shareholder returns and korea...
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Feb 21, 2024
02/24
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i say, no. >> you mentioned depot they do get cut by hsbc today. >> yeah. >> back to reduce.omentum is poor muted industry fundamentals, jim. >> well, i thought that was an ill-advised downgrade because right now, the do-it-yourself was -- i was surprised professional and do-it-yourself were equal the renovation market isn't as strong as we think, but you got a company selling at 23 times earnings, premium group, 2.5 they just raised the dividend, and it finally comes down, you get a chance i think, look, it's eight points from its high. you can let it come in a little, but ted decker is doing a remarkable job, and if you go aisle by aisle with the quarter, they had a lot of aisles that were very strong i don't want to give up on depot. i think this could be lowe's time, marvin ellison, because when i hear that the do-it-yourselfers are really browsing the aisles of home depot, maybe that's a different quarter for lowe's >>> i know you were mentioning apple news earlier >> aq, a remarkable fellow who we both know, has insisted and pushed through a sports app. it's apple sport
i say, no. >> you mentioned depot they do get cut by hsbc today. >> yeah. >> back to reduce.omentum is poor muted industry fundamentals, jim. >> well, i thought that was an ill-advised downgrade because right now, the do-it-yourself was -- i was surprised professional and do-it-yourself were equal the renovation market isn't as strong as we think, but you got a company selling at 23 times earnings, premium group, 2.5 they just raised the dividend, and it finally comes...
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Feb 26, 2024
02/24
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CNBC
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the -- this hsbc is skeptical about that and so they're -- they're, i would say, making it so you feelat there may not be a pot of gold at the end of that rainbow. previous target was 75 and target price 86. they have a sell but did raise the target price. this is one of toes companies that had a great heyday like a zoom and hasn't come back. people think it's got so much value but the street hates it. >> zoom, another name that reports this week. >> i know. >> i was just thinking about. >> one that we keep waiting for them to do beyond and everyone likes them as people. they are remarkable. i used zoom during covid, the way you communicated. >> thankfully that's no longer -- >> you're right, david. >> it's now about livenation. >> livenation. very close to the four-year anniversary when all of us exited. >> wait until you see jones beach and what they've done with live nation. >> the theater there. >> yeah. >> i've been, i saw barry white there. that was an amazing concert. >> i was a total barry white guy. fabulous. >> what's on tonight? >> i've got alongco, pet, and clear this morni
the -- this hsbc is skeptical about that and so they're -- they're, i would say, making it so you feelat there may not be a pot of gold at the end of that rainbow. previous target was 75 and target price 86. they have a sell but did raise the target price. this is one of toes companies that had a great heyday like a zoom and hasn't come back. people think it's got so much value but the street hates it. >> zoom, another name that reports this week. >> i know. >> i was just...
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Feb 15, 2024
02/24
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. >> bryn, i want to come over to you and bounce research from hsbc. still bullish on mega caps and the broadening. they say big tech is dominating. we all know that. they like some other sectors, consumer discretionary, consumer staples alongside with tech. what do you think about that? can we see tech continue to move higher and also the broadening of the rally and areas like industrials? can that happen all at the same time? >> it can. it can happen. i think that we added to rsp, which is the s&p equal weight in december, because you have this big dispersion, and through time equal weight and the market cap weight tend to converge so it's like a mean reversion trade. i think as we're going into the economy still strong, the cpi print was a head fake. the bls needs to get on the program of having owner equivalent rents not be this antiquated survey. you can see a broadening out in the market. what's interesting if you look, frank, at 1995, which was a soft landing scenario, actually one of the sectors that did the best going into the first rate cut w
. >> bryn, i want to come over to you and bounce research from hsbc. still bullish on mega caps and the broadening. they say big tech is dominating. we all know that. they like some other sectors, consumer discretionary, consumer staples alongside with tech. what do you think about that? can we see tech continue to move higher and also the broadening of the rally and areas like industrials? can that happen all at the same time? >> it can. it can happen. i think that we added to rsp,...
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Feb 26, 2024
02/24
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FBC
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. >> four and half percent, hsbc cuts them to the equivalent of a cell there skeptical of the personalizedesearch said maybe it's not as effective as some of the competitors. stuart: tesla one of the mag seven stocks but way down this year. >> is down 22% but fortunately the ev makers are largely higher, tesla is up 3% in their showing optimists that is the robot that can fold shirts into a whole bunch of things. it can also walk like a human around the lab, that is the latest update. stuart: cannot put the laundry in the washing machine taken out, put in the dryer ticket out of the dryer and folded and put it in the drawer. >> in the drawer is what i'm waiting for. i hate laundry and it cannot do that yet. working to change the subject were learning more about the venezuelan migrant accused of killing a student at the university of georgia alexis mcadams has been looking into the story what did you find out. >> we now know the venezuelan migrant who is accused of murdering the student who is out for a run near campus had been arrested before he was busted on child endangerment charges in
. >> four and half percent, hsbc cuts them to the equivalent of a cell there skeptical of the personalizedesearch said maybe it's not as effective as some of the competitors. stuart: tesla one of the mag seven stocks but way down this year. >> is down 22% but fortunately the ev makers are largely higher, tesla is up 3% in their showing optimists that is the robot that can fold shirts into a whole bunch of things. it can also walk like a human around the lab, that is the latest...
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Feb 8, 2024
02/24
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saudi arabia is said to be hiring citigroup, goldman sachs, and hsbc for a secondary share sale for aramcohey would raid to wait -- they would raise $20 billion. aramco ipo raised $20 billion. bloomberg simon casey joins me to talk about the dynamic. $20 billion on top of the $30 billion in the ipo. how significant is the share sale. simon: is going to be one of the biggest share sales ever. it is a huge sale. we do not know when the timing is. all of it is in flux. the bigger picture is saudi arabia, this is a secondary share offer. the proceeds would go back to the sovereign wealth fund. it is liquidity, it is freeing up cash. the sovereign wealth fund can make other investments outside saudi arabia. the bigger picture is look at the oil price, where the oil price is is not quite as high as where saudi arabia would like despite the opec production cuts. according to bloomberg economics the fiscal breakeven for saudi arabia will be $106 a barrel. we are not close to that. sonali: you mentioned the oil prices and the use of capital and the fact that it would go back to the wealth fund. wha
saudi arabia is said to be hiring citigroup, goldman sachs, and hsbc for a secondary share sale for aramcohey would raid to wait -- they would raise $20 billion. aramco ipo raised $20 billion. bloomberg simon casey joins me to talk about the dynamic. $20 billion on top of the $30 billion in the ipo. how significant is the share sale. simon: is going to be one of the biggest share sales ever. it is a huge sale. we do not know when the timing is. all of it is in flux. the bigger picture is saudi...
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Feb 21, 2024
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hsbc actually downgraded home depot from holt reduced, meaning cell.r sales momentum. [ indiscernible ] that person better hope this stop goes back here, otherwise they're never going to be able to get on the bandwagon. most reactions of the quarter were more positive. especially as the year goes on. maybe we that is why the stock is only a couple of points from its high, and 90 points from its low. where do i come down? look, there has been a lot of noise in industry with while street waking up to the fact that we maybe won't get many rate cuts this year if we even get any at all, which seems like a possibility that dawned on people this afternoon. but after this adjustment period i think rachel had lower, and that is a positive for anything housing related, including home depot. [ indiscernible ] ahead of the spring planting season. [ indiscernible ] the gardening business. [ indiscernible ] they liberally gave a conservative forecast. which makes the stocks of elevation feel more justifiable. [ indiscernible ] why it s so close to the high for the y
hsbc actually downgraded home depot from holt reduced, meaning cell.r sales momentum. [ indiscernible ] that person better hope this stop goes back here, otherwise they're never going to be able to get on the bandwagon. most reactions of the quarter were more positive. especially as the year goes on. maybe we that is why the stock is only a couple of points from its high, and 90 points from its low. where do i come down? look, there has been a lot of noise in industry with while street waking...
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Feb 26, 2024
02/24
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morgan stanley and hsbc both downgraded the stock last month. jpmorgan initiated neutral.l the price targets have been raised to 80 bucks or so, which is significant. is that it, the stock's just so depressed now that people are finding value? >> yeah, i think there's pressure in terms of where they are in their cycle, and the momentum in their business. they have a lot of momentum kind of coming out of covid, and now people are a little bit concerned that while the long-term looks really good, the near-term is going to be hard for them to keep repeating that business. but i think if you can kind of look through the valley of that, it's still a real opportunity for investors. >> do you need small caps as a group to trade better in order if t for the individual stocks to trade better? >> no, there are plenty of very expensive small cap names that are high quality. it helps. it doesn't hurt when small cap becomes more in favor, but the quality rises to the top over the long-term. there's going to be near-term periods where small cap just is out of favor no matter what, but i
morgan stanley and hsbc both downgraded the stock last month. jpmorgan initiated neutral.l the price targets have been raised to 80 bucks or so, which is significant. is that it, the stock's just so depressed now that people are finding value? >> yeah, i think there's pressure in terms of where they are in their cycle, and the momentum in their business. they have a lot of momentum kind of coming out of covid, and now people are a little bit concerned that while the long-term looks really...
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Feb 22, 2024
02/24
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hsbc, difficult to please. lisa: to be complete the honest, when it first came out it didn't meet the highest expectation on the street. because of that the shares didn't skyrocket right away. then people looked at it and said, this is ridiculously amazing. maybe hsbc has one compatriot on the street. what i'm looking at is you are seeing a readthrough to other chip manufacturers, to other types of players. how far can this go, given that people see this benefit going across industries for the foreseeable future? jonathan: stock is uppermost 14%. if it wasn't for china this could have been even better. annmarie: there were able to try to get the entire growth out of their market in china, how much higher would revenue be? it is now single digits when it comes to china. the ceo had this to say. wants to limit the capabilities to the chinese market, and the u.s. government would like us to be successful in china as much as possible. what he is saying is, we are not going to give you the best we can come but these
hsbc, difficult to please. lisa: to be complete the honest, when it first came out it didn't meet the highest expectation on the street. because of that the shares didn't skyrocket right away. then people looked at it and said, this is ridiculously amazing. maybe hsbc has one compatriot on the street. what i'm looking at is you are seeing a readthrough to other chip manufacturers, to other types of players. how far can this go, given that people see this benefit going across industries for the...
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Feb 12, 2024
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max kettner of hsbc. lisa: one of the key questions, written about late last week by bank of america, if the fed does not cut rates or inflation is higher than people expected, does that kill the equity rally? max says yes. that is one of the key questions underpinning the market. jonathan: equity futures totally unchanged on the s&p 500. let's get you an update on stories elsewhere with dani burger. >> diamondback energy and endeavor set to merge. it will be valued at over $50 billion. it is the latest in a wave of consolidation in the energy sector. exxon made major acquisitions over the last 12 months. president biden's reelection campaign has launched a tiktok account, the first time biden has joined tiktok in an official capacity. the chinese owned app has been embroiled in controversy in washington. they move is part of a broader strategy by the campaign to reach younger voters on social media. the kansas city chiefs have been crowned the first back-to-back super bowl champions in 19 years, defeatin
max kettner of hsbc. lisa: one of the key questions, written about late last week by bank of america, if the fed does not cut rates or inflation is higher than people expected, does that kill the equity rally? max says yes. that is one of the key questions underpinning the market. jonathan: equity futures totally unchanged on the s&p 500. let's get you an update on stories elsewhere with dani burger. >> diamondback energy and endeavor set to merge. it will be valued at over $50...