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May 29, 2024
05/24
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let's welcome back nicole from hsbc. energy and healthcare, you look at the earnings performance in the first quarter, those were two sectors that saw e.p.s. contract. will we see m&a help those sectors? >> we saw those earnings contract in the first quarter, because we really have a very difficult comp. this is due to other facts, and we expect those earnings with or without m&a to improve over the second half of the year. they face easier comps. and i think we're talking a lot about earnings. look at the first quarter earnings for the s&p, they've been excellent. so we're seeing almost 80% of the companies beating on e.p.s. we're seeing earnings for the index coming in up 7% year over year. we're listening to what companies are saying on earnings calls and one of the most frequently used terms is strong start. i think when we talk about the equity rally, you know, a lot of this, we're looking at earnings, and earnings are coming in better than expected. and that will support the earnings growth, the acceleration or new
let's welcome back nicole from hsbc. energy and healthcare, you look at the earnings performance in the first quarter, those were two sectors that saw e.p.s. contract. will we see m&a help those sectors? >> we saw those earnings contract in the first quarter, because we really have a very difficult comp. this is due to other facts, and we expect those earnings with or without m&a to improve over the second half of the year. they face easier comps. and i think we're talking a lot...
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May 3, 2024
05/24
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hsbc is a story that investors like. tom: charlie wells, thank you indeed. the ceo of credit agricole will be joining the markets today team, an exclusive interview, tune in. london's top bankers may have a paycheck that looks like packages of new york counterparts with goldman sachs paving the way. they are set to vote, decisions, after a on bonuses was scrapped to make london appealing. >> wall street paydays may be coming to london. six months since the u.k. lifted a cap on bonuses that limited them, a legacy of the financial crisis and far cry from the millions that traders in new york make. it's up to shareholders and banks putting the matter to vote. if proposals pass, the process could begin in time for bonus season which wall street has counted on to pay for private schools, luxury homes and expensive cars. u.k. officials are battling to maintain london's position as a global financial center. overhauling pay could have consequences. u.k. bankers salaries increased and they could face reductions. european rivals could find themselves at a disadvantag
hsbc is a story that investors like. tom: charlie wells, thank you indeed. the ceo of credit agricole will be joining the markets today team, an exclusive interview, tune in. london's top bankers may have a paycheck that looks like packages of new york counterparts with goldman sachs paving the way. they are set to vote, decisions, after a on bonuses was scrapped to make london appealing. >> wall street paydays may be coming to london. six months since the u.k. lifted a cap on bonuses...
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May 10, 2024
05/24
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. >>> hsbc on 3m moving to a buy rating hsbc expects it to return to growth from the macro picture and cost savings and balance sheet reset after the spinoff. >>> downgrade on planet fitness on the lower guidance. stifel moving the rating to a hold it is making progress and more changes to support greater franchisee development >>> time for the global briefing uk out of recession after gdp grew 0.6 p% in the first quarter this information coming from the bank of england voted to keep rates unchanged. >>> president biden is preparing to impose tariffs on ev batteries on chinese evs >>> smic, the chipmaker is warning of slow demand in the second half of the year. smic says it is because global customers were more willing to build up inventory and domestic customers wanted higher market share. >>> still to come on the show, one word every investor needs to know today and the under the radar consumer player that our next guest says should be satisfied with if they are hungry for opportunity p % iseat is u40th yr. we will tell you the mystery chart name when we come back and they're all com
. >>> hsbc on 3m moving to a buy rating hsbc expects it to return to growth from the macro picture and cost savings and balance sheet reset after the spinoff. >>> downgrade on planet fitness on the lower guidance. stifel moving the rating to a hold it is making progress and more changes to support greater franchisee development >>> time for the global briefing uk out of recession after gdp grew 0.6 p% in the first quarter this information coming from the bank of...
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May 23, 2024
05/24
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annabelle: that was the hsbc ceo with manus cranny. we will have more ahead on "daybreak: australia." this is bloomberg. ♪ annabelle: we are taking a look at this token, it's made wild swings in anticipation of how the sec was approaching these spot either applicants. they've signed off on some proposals for venues to lift products tied to the cryptocurrency. michael, this is not a full approval, we want to make that clear about what has changed and how is it possibly opening the door? michael: it's not a full approval, it's a big step toward approval. there are basically two departments in the sec that need to sign off on a new exchange traded fund. one decides whether it meets the requirements for the stock exchange to list the product. new york stock exchange, nasdaq, they have applied to list the products. that was approved today, one piece of the approval process. the other is documents known as s1, the registration document for the prospectus for the funds that lay out how they will the assets, who will take custody of the unde
annabelle: that was the hsbc ceo with manus cranny. we will have more ahead on "daybreak: australia." this is bloomberg. ♪ annabelle: we are taking a look at this token, it's made wild swings in anticipation of how the sec was approaching these spot either applicants. they've signed off on some proposals for venues to lift products tied to the cryptocurrency. michael, this is not a full approval, we want to make that clear about what has changed and how is it possibly opening the...
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May 16, 2024
05/24
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hsbc has engage in external recruitment firm for external candidates for the role. the takeover saga is expected to continue. i've told bloomberg there's room for a third entry. both previous approaches were rejected so far. paramount is said to have had discussions with amazon about a spending ties between their media businesses. paramount has been struggling with falling ad sales, money-losing streaming business and takeover offers from david ellison as well as apollo global management. singapore outlines said to be reporting a consecutive -- 7 -- second consecutive report. it says demand for lots remains healthy, citing robust appetite for travel and the cargo sector. the global travel sectors breaking boundaries in 2024, according to mastercard economics institute. consumer spending and tourism remains robust. passenger traffic is soaring as well. the annual travel trends report shows japan welcomed record-breaking arrivals in march while outbound travel from china recovers and more indians are traveling that at any time in history. for more on how this is impac
hsbc has engage in external recruitment firm for external candidates for the role. the takeover saga is expected to continue. i've told bloomberg there's room for a third entry. both previous approaches were rejected so far. paramount is said to have had discussions with amazon about a spending ties between their media businesses. paramount has been struggling with falling ad sales, money-losing streaming business and takeover offers from david ellison as well as apollo global management....
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May 19, 2024
05/24
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frederic neumann, cohead of global research asia at hsbc. more to come. this is bloomberg. ♪ >> we all talk about wanting to go back to 2%. everyone assumes 2%. 2% is arbitrary. we should all realize that, that we are assuming the wrong inflation target. that mistake would mean sacrificing growth unnecessarily. the risk is high especially when low income people are more at risk. haidi: bloomberg opinion columnist there. take a look at how u.s. futures are setting up after equities notching another record high on friday. we have had a string of favorable earnings and that underpins some positivity for potentially easier monetary policy than later. a big week when it comes to earnings this week. hi, i'm jason and i've lost 202 pounds on golo. so the first time i ever seen a golo advertisement, i said, "yeah, whatever. there's no way this works like this." and threw it to the side. a couple weeks later, i seen it again after getting not so pleasant news from my physician. i was 424 pounds, and my doctor was recommending weight loss surgery. to avoid the su
frederic neumann, cohead of global research asia at hsbc. more to come. this is bloomberg. ♪ >> we all talk about wanting to go back to 2%. everyone assumes 2%. 2% is arbitrary. we should all realize that, that we are assuming the wrong inflation target. that mistake would mean sacrificing growth unnecessarily. the risk is high especially when low income people are more at risk. haidi: bloomberg opinion columnist there. take a look at how u.s. futures are setting up after equities...
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May 30, 2024
05/24
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the hsbc bank, that's the location. hsbc, in fact, was founded on. in fact, by opium traders. you know, so then it would be up to china and in bengal, the opium enterprise grew incredibly fast, but at the same time there was another center of opium production developing in marlow that also grew incredibly fast. so a period of, you know, basically five years, the amount of opium being sent to china is like a small tsunami. so the chinese were very well aware of all the dangers. and then finally to, you know, to clamp down on the opium. so the emperor sent a very famous mandarin called lindsey zhou, who actually did clamp on the opium trade. the british this as a casus belli. that was when they launched the first opium war on way. you know, the chinese were basically forced to continue to import. so i'll stop there and now, because they are and i will have a conversation. and this. oh, wow, what a great crowd. it's great to be here. thank you very much, rachel. thank you. and thank you for that presentation top. so basically is a book about how the british empire became narco st
the hsbc bank, that's the location. hsbc, in fact, was founded on. in fact, by opium traders. you know, so then it would be up to china and in bengal, the opium enterprise grew incredibly fast, but at the same time there was another center of opium production developing in marlow that also grew incredibly fast. so a period of, you know, basically five years, the amount of opium being sent to china is like a small tsunami. so the chinese were very well aware of all the dangers. and then finally...
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May 13, 2024
05/24
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that is the view led by max over at hsbc. let's get an update on stories elsewhere. >> russian president vladimir putin making a surprise change to his defense and security team. replacing his defense minister. one of his closest allies may reflect frustration at the failure to defeat ukraine in a war that was supposed to last for days but is now in its third year. campus protests are colliding with college graduation season. comedian jerry seinfeld was the commencement speaker at duke university where 30 students walked out, chanting free palestine and waving flags when he was introduced. he did not address the protests. demonstrators also showed up at uc berkeley come up at the university said the protesters left voluntarily and no one was arrested. students have been threatened with arrest or expulsion if they do not clear out ahead of commencement ceremonies. and facing protests in germany, where they are trying to stop an expansion of tesla. at least 16 people were arrested following actions of following into -- breaking
that is the view led by max over at hsbc. let's get an update on stories elsewhere. >> russian president vladimir putin making a surprise change to his defense and security team. replacing his defense minister. one of his closest allies may reflect frustration at the failure to defeat ukraine in a war that was supposed to last for days but is now in its third year. campus protests are colliding with college graduation season. comedian jerry seinfeld was the commencement speaker at duke...
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May 21, 2024
05/24
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but in the uk, hsbc have really gained some massive improvement over the last few years. 0k. well, last few years. ok. well, as always, it's fascinating and we haven't got enough time to dedicate to this, but thank you, professor howard yu, forjoining us on the programme from imd center for future readiness. let's take a look at the markets: that's the latest business and news. i'll see you soon. hello. we have had some late spring sunshine over recent days, also a few showers around — and we'll see a few more of them over the next few days. in fact, between tuesday and friday, the weather turns more unsettled. this is the rainfall we're expected to accumulate — and you can see, particularly across the northeast of scotland, some places will see close to 100 millimetres of rain by the end of the week, so things certainly turning more unsettled gradually. as for tuesday, after a bit of a misty, murky start, some scattered showers building during the afternoon, but they will be fairly hit—and—miss. i think tuesday will dawn with some sea fog across the far northeast of
but in the uk, hsbc have really gained some massive improvement over the last few years. 0k. well, last few years. ok. well, as always, it's fascinating and we haven't got enough time to dedicate to this, but thank you, professor howard yu, forjoining us on the programme from imd center for future readiness. let's take a look at the markets: that's the latest business and news. i'll see you soon. hello. we have had some late spring sunshine over recent days, also a few showers around — and...
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May 21, 2024
05/24
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tom: in the financial sector, howard, you have hsbc, j.p. morgan, you have touched on them all near the top of the list. one of those companies doing right? you speak to small fintech startups in london and they say, we will challenge these incumbents but it seems like they are getting the mix right >> it's a mixed message interestingly in the world of finance because i think leading players, such as mastercard and visa, they really have understood, and finance is always frenemy's. sometimes you are friends, sometimes you compete. master visa, bps and jp morgan chase have opened up the infrastructure to embrace banking, to open up the infrastructure so that another fintech innovator can use their existing system to go in battle financing in another situation. in a way, this is how these existing players keep their product attractive. in short, if you cannot outrun fintech innovator, you let them join your system. tom: one name that stood out to me from this list in the consumer product space is -- and i hadn't expected them to be leading on
tom: in the financial sector, howard, you have hsbc, j.p. morgan, you have touched on them all near the top of the list. one of those companies doing right? you speak to small fintech startups in london and they say, we will challenge these incumbents but it seems like they are getting the mix right >> it's a mixed message interestingly in the world of finance because i think leading players, such as mastercard and visa, they really have understood, and finance is always frenemy's....
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May 13, 2024
05/24
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. >>> meantime jeffrey's gym goes up hsbc goegs up. >> they talk about may 22nd is when the report will be good. they're worried about october and october. he was in the front row. kind of like ed sullivan remember how they used to put people in the front row? it was a really big show. >> michael dell. >> yes and his partnership. >> to phen straight means throwing somebody out of the window. >> i love that i just wanted to use the word. >>> when we come back, the biden administration planning to pressure the chinese ev makers futures are taking a crack at all-time highs don't go anywhere. i'm just a regular person. some people say, "why should i take prevagen? i don't have a problem with my memory." memory loss is, is not something that occurs overnight. i started noticing subtle lapses in memory. i want people to know that prevagen has worked for me. it's helped my memory. it's helped my cognitive qualities. give it a try. i want it to help you just like it has helped me. prevagen. at stores everywhere without a prescription. tamra, izzy, and emma... they respond to emails with phone c
. >>> meantime jeffrey's gym goes up hsbc goegs up. >> they talk about may 22nd is when the report will be good. they're worried about october and october. he was in the front row. kind of like ed sullivan remember how they used to put people in the front row? it was a really big show. >> michael dell. >> yes and his partnership. >> to phen straight means throwing somebody out of the window. >> i love that i just wanted to use the word. >>> when...
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May 17, 2024
05/24
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bloomberg learned hsbc shareholder is reducing 8% stake. divesting to a sovereign wealth fund in the middle east are being considered. were told they are visiting the gulf, but it is unclear if talks are being held. holtzman saying we must be sure cpi is on the path to target. known to be on the hawkish end of the spectrum, too early rate cuts risk refueling inflation. euro at 108. this is bloomberg. ♪ >> welcome back to bloomberg. elon musk's star link transforms communication. we've been looking at how dominance is sparking scrutiny and encouraging deep pocketed rivals. >> the largest constellation orbiting our planet is run by an individual who needs no introduction, this guy. they maintain a vast network in orbit higher than a jetliner but below a gps. >> starling has more than 5000 satellites. >> they accomplish this in less time than it took james cameron to make a second avatar movie. >> space x invision 42,000 satellites. >> speed has raised eyebrows in government. in the boardroom of rivals. reporter: they're trying to disrupt a
bloomberg learned hsbc shareholder is reducing 8% stake. divesting to a sovereign wealth fund in the middle east are being considered. were told they are visiting the gulf, but it is unclear if talks are being held. holtzman saying we must be sure cpi is on the path to target. known to be on the hawkish end of the spectrum, too early rate cuts risk refueling inflation. euro at 108. this is bloomberg. ♪ >> welcome back to bloomberg. elon musk's star link transforms communication. we've...
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May 6, 2024
05/24
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. >>> ping votes on friday over the hsbc board. ping was reelected to the board are80% of shareholders voting. >>> and blackrock is looking to the appointment of the independent share for bluebell. they are looking at the failure of blackrock's governance. companies need different leadership as they mature. >> i think the goal of the company change over time. the best goal at every stage of the company is different from the one in the mature stage and the only one which is an issue. i think we look to blackrock as a company where larry fink is 72 years old and looking to step down at 75. there is no question there is a complete lack of oversight. >> blackrock told cnbc that bluebell made misguided and contradictory criticisms. shares of blackrock have risen 60%. >>> turning attention back to europe. the votes are in on the bruising set of local elections for the ruling conservative party. rishi sunak has looked at a projection from sky news that the next general election could end with no party having an outright lead. arabile is h
. >>> ping votes on friday over the hsbc board. ping was reelected to the board are80% of shareholders voting. >>> and blackrock is looking to the appointment of the independent share for bluebell. they are looking at the failure of blackrock's governance. companies need different leadership as they mature. >> i think the goal of the company change over time. the best goal at every stage of the company is different from the one in the mature stage and the only one which...
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May 13, 2024
05/24
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. >> united airlines is upgrading not only united by delta in america, look at the games for united hsbc says by it, they think they when the post-pandemic travel competition because of comfort and customer satisfaction. stuart: i flew united and arrived at the airport half hour early in the rain how about t that. stuart: always a first flight out never checked bags always take a direct flight. >> even if you go to australia never check a bag. happening now michael cohen testifying trump's new york criminal trial, eric shawn is there, what we heard so far. >> is started with the people michael cohen on the stand in a day in which we expect fireworks in face-to-face he is testifying in court when describing his life in describing how we got involved with the former president that was hired as a lawyer after he was able to fight in the co-op building that they own and eastbound as fantastic on top of the world working for the trump organization and he did whatever former president trump wanted. at one point he was asked by the prosecutor did you ever lie on behalf of him, he said yes and h
. >> united airlines is upgrading not only united by delta in america, look at the games for united hsbc says by it, they think they when the post-pandemic travel competition because of comfort and customer satisfaction. stuart: i flew united and arrived at the airport half hour early in the rain how about t that. stuart: always a first flight out never checked bags always take a direct flight. >> even if you go to australia never check a bag. happening now michael cohen testifying...
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May 15, 2024
05/24
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bloomberg learned that hpcc -- hsbc is going to point its next ceo from internal candidates. we are told that they have engaged an external recruitment firm to benchmark them against external candidates for the role. annabelle: the bridgewater ceo his warning investors of becoming overconfident in positions. we spoke to the ceo at the qatar economic forum. >> what environment is your portfolio going to perform well in and where is it not and then stress tested. say, hey, what if policy stays type or what if inflation remains higher, what if u.s. outperformance will not persist, what will happen to my portfolio? measure that against her goals because every investor has specific roles in your portfolios. close those gaps by doing one of three things, either shifter allocations, shift within your allocations, so you can look at equities in the same way, but choose the equities that perform the way you would like relative to your goals, and/or create returns that specifically address the problems that you are worried about. so that is what we do at bridgewater. we spent a lot of
bloomberg learned that hpcc -- hsbc is going to point its next ceo from internal candidates. we are told that they have engaged an external recruitment firm to benchmark them against external candidates for the role. annabelle: the bridgewater ceo his warning investors of becoming overconfident in positions. we spoke to the ceo at the qatar economic forum. >> what environment is your portfolio going to perform well in and where is it not and then stress tested. say, hey, what if policy...
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May 24, 2024
05/24
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but something we are watching is this order we have seen from the likes of hsbc to return to office is five days a week and we know a lot of us have been doing that even through the lockdowns we have always been in the office right other than a couple of students of reporting from home but it is interesting that we are seeing increasingly this pressure across wall street and much of the corporate world to return to normal and i think it is fascinating because i think there was one point during the pandemic where the assertion was that this will change the nature of flexible working practices forever and it is true a lot of other businesses probably will not go back to full-time in person work but it seems like for perhaps some of the traditional industries that we see across finance that is certainly not the case. annabelle: will you coax people gently back into the office and we saw people a couple of years ago, subsidized transport and providing lunch but now they are going for the stick approach, if you want to keep your job, get in the office and now we are hearing from those banks
but something we are watching is this order we have seen from the likes of hsbc to return to office is five days a week and we know a lot of us have been doing that even through the lockdowns we have always been in the office right other than a couple of students of reporting from home but it is interesting that we are seeing increasingly this pressure across wall street and much of the corporate world to return to normal and i think it is fascinating because i think there was one point during...
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May 17, 2024
05/24
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. >>> and now a check of shares on hong kong trading after a bloomberg report that hsbc largest shareholder is weighing its options to reduce its 8% stake in that lender. r ara sla similato tde revealed last week. frgs imilar to a trade revealed last week. frgs norman, bad news... i never graduated from med school. what? -but the good news is... xfinity mobile just got even better! now, you can automatically connect to wifi speeds up to a gig on the go. plus, buy one unlimited line and get one free for a year. i gotta get this deal... i know... faster wifi and savings? ...i don't want to miss that. that's amazing doc. mobile savings are calling. visit xfinitymobile.com to learn more. doc? . >>> it is 5:28 a.m. in the new york area and still a lot here on "worldwide exchange." here is what is still on deck. the dow looking to recapture the 40,000 mark after crossing the mile ste stone for the first time ever. but pressure to get back there. and we're digging into the moves to capitalize on the next leg higher. the stocks our next guest says your portfolio can use to cash in. and copper price
. >>> and now a check of shares on hong kong trading after a bloomberg report that hsbc largest shareholder is weighing its options to reduce its 8% stake in that lender. r ara sla similato tde revealed last week. frgs imilar to a trade revealed last week. frgs norman, bad news... i never graduated from med school. what? -but the good news is... xfinity mobile just got even better! now, you can automatically connect to wifi speeds up to a gig on the go. plus, buy one unlimited line and...
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May 2, 2024
05/24
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hsbc's recent quarter saw improvement. if it's an improvement if we see mpr is coming down. haidi: what about expectations for cost management? denise: i think that will be a focus. it's supposed to simplify the bank, reduce cost and overlaps. the bank has announced management changes within the corporate investment bank. it will be interesting to see how they drive the business forward as well as keeping a lid on costs. annabelle: that was denise wee there. on the earnings front, bringing you some news crossing the terminal. the entertainment company hybe in seoul reported its numbers. a miss on estimates for operating profits. that came in at 14.4 billion won, down more than 17%. the estimate had been for 24.2 billion won, so quite a significant miss on expectations. sales, likewise we saw them at -- the estimate had been for over 412. a big gap between what analysts were predicting versus the numbers that came through. net basis 10.8 billion won, the estimate nearly 20 billion won. stilll, hybe is managing to stay positive as we head through the morning session. tune in t
hsbc's recent quarter saw improvement. if it's an improvement if we see mpr is coming down. haidi: what about expectations for cost management? denise: i think that will be a focus. it's supposed to simplify the bank, reduce cost and overlaps. the bank has announced management changes within the corporate investment bank. it will be interesting to see how they drive the business forward as well as keeping a lid on costs. annabelle: that was denise wee there. on the earnings front, bringing you...
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May 10, 2024
05/24
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some other stories making news, bloomberg has learned that hsbc and standard chartered are among major u.k. firms pressing the prime minister, rishi sunak, to tone down proposed restrictions on doing business with china. sources say the banks are lobbying ministers not to include china in the strictest risk category in some new national security legislation. they argue it would impede business and trigger negative publicity. elsewhere, bloomberg has learned that ubs is considering introducing a reward system for investment bankers who refer clients to the firm's wealth management business. some bankers would likely be in line for payouts when they successfully attract new money to the lender's private banking unit. the referral fees would be a first for the swiss lender, echoing earlier incentives that credit suisse offered to dealmakers. staying with banks, we go to spain because sabadell has accused banking rival bbva of breaching laws in its hostile takeover bid as tensions mount between the lenders. bbva is seeking to buy sabadell in an all-share offer. we can bring in our deals re
some other stories making news, bloomberg has learned that hsbc and standard chartered are among major u.k. firms pressing the prime minister, rishi sunak, to tone down proposed restrictions on doing business with china. sources say the banks are lobbying ministers not to include china in the strictest risk category in some new national security legislation. they argue it would impede business and trigger negative publicity. elsewhere, bloomberg has learned that ubs is considering introducing a...
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May 10, 2024
05/24
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are the stories we are following, bloomberg has learned hsbc and standard chartered, are among major u.k. from suppressing prime minister rishi sunak to tone down restrictions on doing business with china. the banks aren't lobbying ministers not to include china on the strictest category in the new national, security legislation arguing that this would impede business and trigger negative publicity. goldman sachs has led major investment banks in posting higher profits in japan. income rose by a quarter last year to about $250 million as fixed income trading gains doubled, the figure marked the highest earnings in 14 years from goldman sachs. more ahead here on "daybreak: asia." this is bloomberg. ♪ haidi: belle, looking at the reporting bloomberg has done when it comes to the potential rollout on biden administration tariffs on china, to be clear, these are not across-the-board tariffs we have seen from the likes of the trump administration -- those will stay in place, they have been largely unchanged -- but these will be for a more targeted sector wise when it comes to that fairl
are the stories we are following, bloomberg has learned hsbc and standard chartered, are among major u.k. from suppressing prime minister rishi sunak to tone down restrictions on doing business with china. the banks aren't lobbying ministers not to include china on the strictest category in the new national, security legislation arguing that this would impede business and trigger negative publicity. goldman sachs has led major investment banks in posting higher profits in japan. income rose by...
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May 30, 2024
05/24
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hsbc is on the hunt for private bankers to expand its middle east business. the british lender added 100 bankers to cater to the number of millionaires and billionaires growing and moving to the region. a credit suisse veteran joined the bank last year to leave growing middle east and africa division. elsewhere in the middle east bloomberg understands saudi arabia is planning to formally launch a secondary offering in shares in oil giant aramco. it could raise more than $10 billion. joe munn of the sergey -- jo umanni is with us. why do saudi want to sell the shares? >> bloomberg news reporting saudi arabia didn't want to go ahead with the secondary share offering of up to $10 billion. it could launch as soon as sunday," building process will go on to the week. at this point it is unclear what the terms of the share offering will look like. sources have told us they could go for as much as a 10% discount to where the shares are trading currently around 29 riyals. i think all of this is part and parcel of the crown prince's plans to raise funding and look to i
hsbc is on the hunt for private bankers to expand its middle east business. the british lender added 100 bankers to cater to the number of millionaires and billionaires growing and moving to the region. a credit suisse veteran joined the bank last year to leave growing middle east and africa division. elsewhere in the middle east bloomberg understands saudi arabia is planning to formally launch a secondary offering in shares in oil giant aramco. it could raise more than $10 billion. joe munn of...
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May 22, 2024
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hsbc, goldman among those that say gains may continue in the coming months. csi 300 just managing to eek out some gains to be in the positive at this point. the question is -- can it maintain that game today? bloomberg has learned that taiwan's tsmc is among companies that have ways to disable the world's top chip-making machines in an emergency scenario such as china invading the island. tell us more. >> what are your story yesterday said was that asml, a company that makes these lithography machines that tsmc and other chipmakers used to make semiconductors, has ways to disable them remotely, so some kind of kill switch which allows them to turn off the machine, make them inoperable from a distance. obviously, this is a topic because there's growing u.s. concerns about an invasion of taiwan, and of taiwan was invaded by china, theoretically, the chinese couldn't take over tsmc's chip factories and use those to make the most high-tech semiconductors. stepping back a little bit, if you think about in what kind of scenario this would actually become reality, i
hsbc, goldman among those that say gains may continue in the coming months. csi 300 just managing to eek out some gains to be in the positive at this point. the question is -- can it maintain that game today? bloomberg has learned that taiwan's tsmc is among companies that have ways to disable the world's top chip-making machines in an emergency scenario such as china invading the island. tell us more. >> what are your story yesterday said was that asml, a company that makes these...
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May 17, 2024
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other corporate stories we are following bloomberg has learned that the top hsbc holder is weighing options to reduce its 8% stake. our sources tell us options include further sales were divesting to a sovereign wealth fund in the middle east. we are told that being on board members are visiting the golf, but it is unclear whether stocks have started. jd.com's u.s. listed shares closed higher after a 7% rise in first-quarter revenue. sales rose to $36 million, above the average analyst estimate. jd/prices and ramped up shopping perks to boost sales amid weak consumer sentiment in china. adrs went higher after revenue grew at the slowest pace in the year shares ended up just 1% in the fourth quarter with net income coming in stronger than projected thanks to cost. the result suggests baidu is still struggling to translate the advantage of ai interview revenue. this software maker is in talks to acquire a startup. the move would expand snowflake schiphol efforts to offer generative ai capability. it had been rushing to partner with or acquire startups working in that field. annabelle: cisco s
other corporate stories we are following bloomberg has learned that the top hsbc holder is weighing options to reduce its 8% stake. our sources tell us options include further sales were divesting to a sovereign wealth fund in the middle east. we are told that being on board members are visiting the golf, but it is unclear whether stocks have started. jd.com's u.s. listed shares closed higher after a 7% rise in first-quarter revenue. sales rose to $36 million, above the average analyst...
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May 13, 2024
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. >> jeffrey says they're going to 1200 hsbc 1350 jeffries calls nvidia their favorite of the a.i. plays, this is another win for nvidia, artificial intelligence, investments in the u.s. but a worldwide market and were about to tell you about the tech companies that are spreading monies overseas. >> back to the sky hide headlines, $1200. >> are we underestimating the power of artificial intelligence. >> underestimating, are we underestimating. >> is not priced in a 75 times earnings. >> i'm about to talking about cisco's going to be one of them in 1999 cisco is $85 then they made money every single year they be every expectation in 1999 currently at $50. >> will get more on that in a moment. >> it entices nvidia. >> show me tesla what is the story, they're offering a new deal on the model one. >> that the most popular vehicle you can get .99% financing that saves buyers a hundred dollars a month and that runs through the end of may and i think the story they're trying to bring the price down to juice up demand now their incentive financing to juice up demand that is not there and i
. >> jeffrey says they're going to 1200 hsbc 1350 jeffries calls nvidia their favorite of the a.i. plays, this is another win for nvidia, artificial intelligence, investments in the u.s. but a worldwide market and were about to tell you about the tech companies that are spreading monies overseas. >> back to the sky hide headlines, $1200. >> are we underestimating the power of artificial intelligence. >> underestimating, are we underestimating. >> is not priced in a...
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May 13, 2024
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delta taking flight after hsbc named it a top pick within airlines, highlighting it strong competitive positioning, increasing demand for international travel. intel saying it's in advanced talks with apollo for $11 billion to build a plant in ireland. they have been working to diversify the company's manufacturing outside of asia, which dominates chip production today. you can follow all the latest company buzz on your bloomberg terminal. quick check on the markets right now. it is a pretty quiet monday, if you look at what is going on outside of gamestop. i will call the s&p unchanged. take a look at the nasdaq 100, a little bit better but still quite overall, up .2%. the bond market pretty quiet, still down about three basis points on that yield. coming up, we have bloomberg technology with caroline hyde and ed ludlow. that does it for bloomberg markets. i'm katie greifeld. this is bloomberg. ♪ do you want to close out? should i? normally i'd hold. but... taking the gains is smart here, right? feel more confident with stock ratings from j.p. morgan analysts in the chase app. when
delta taking flight after hsbc named it a top pick within airlines, highlighting it strong competitive positioning, increasing demand for international travel. intel saying it's in advanced talks with apollo for $11 billion to build a plant in ireland. they have been working to diversify the company's manufacturing outside of asia, which dominates chip production today. you can follow all the latest company buzz on your bloomberg terminal. quick check on the markets right now. it is a pretty...
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May 20, 2024
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let's ask max kettner, the chief multiasset strategist at hsbc global research. welcome back good to see you. >> thank you. >> good to be a multiasset strategist when multiassets are rallying does that continue >> yeah, i think so. what we had last week was this sort of confirmation of goldilocks and really a rally across pretty much everything. when we dig a bit deeper what we can see when we look at treasury yields, 2-year and 10-year, they're back to the levels where we were pre-cpi so it's really the strength in spread products and credit spreads and high yield and i.g. and emerging market debt and equities, u.s. equities, european, japan, emerging markets, it's the strength and risk assets that stand out. i think the reason is very clear, the reason is that the market in april got really worried about this risk off will the fed move to hike again, and that hike is now gone. it's firmly gone from what we've heard from powell during the last fomc meeting and confirmed last week with the data that next move is going to be a cut and for equities or for high yiel
let's ask max kettner, the chief multiasset strategist at hsbc global research. welcome back good to see you. >> thank you. >> good to be a multiasset strategist when multiassets are rallying does that continue >> yeah, i think so. what we had last week was this sort of confirmation of goldilocks and really a rally across pretty much everything. when we dig a bit deeper what we can see when we look at treasury yields, 2-year and 10-year, they're back to the levels where we...
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May 28, 2024
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now, 5 days a week by the end of the year, according to bloomberg, citi, hsbc and barclays banks are now already requiring their employees to get back to the office. now the you can job. and of course they're still out there, but they don't seem to be paying what they were. if you want $250,000 year, for example, those jobs, just 4% of the remote jobs. we're paying 250 grand a year, but a year ago, 10% of remote jobs had that kind of salary. hiring strategists as that moving up the career ladder is very much tied to in-person work. >> a lot of businesses organizations i've spoken with have actually really wrestled with the idea of promotions and growth within organizations. >> and do people who work fully remote have the same, truly the same type of opportunities for career advancement. is those that work in the office? >> and meantime, economists say the decrease in remote jobs is just one of several factors behind the growing unemployment rate that we've seen in several states and some warm that this could all be a sign of a looming recession. >> well, turning to bay area baseball,
now, 5 days a week by the end of the year, according to bloomberg, citi, hsbc and barclays banks are now already requiring their employees to get back to the office. now the you can job. and of course they're still out there, but they don't seem to be paying what they were. if you want $250,000 year, for example, those jobs, just 4% of the remote jobs. we're paying 250 grand a year, but a year ago, 10% of remote jobs had that kind of salary. hiring strategists as that moving up the career...
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May 28, 2024
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and according to bloomberg, citi, hsbc and barclays to name a few there now requiring their employees to return the office. obviously they're still remote jobs. maybe you have one right now. here's the deal, though. companies are paying less for the remote job. they say that if you want to make a lot of money, eventually you're going to have to go to to to the office. they find that what they call a lot of money to $50,000 a year. okay. $250,000 a year. 4 1% of the remote jobs could make that last year. it was 10% to, you can see that shrinking the pests possibility, make the money hiring strategists says that if you really want to move up that letter and break that make more money, you're going to need to go to in-person work. >> a lot of businesses organizations i've spoken with have actually really wrestled with the idea of promotions and growth within organizations. >> and do people who work fully remote have the same, truly the same type of opportunities for career advancement. is those that work in the office? >> ok, so i'm going to kind of reduce this so i can understand what t
and according to bloomberg, citi, hsbc and barclays to name a few there now requiring their employees to return the office. obviously they're still remote jobs. maybe you have one right now. here's the deal, though. companies are paying less for the remote job. they say that if you want to make a lot of money, eventually you're going to have to go to to to the office. they find that what they call a lot of money to $50,000 a year. okay. $250,000 a year. 4 1% of the remote jobs could make that...
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May 28, 2024
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a full 5 days a week by the end of the year, according to bloomberg, citi, hsbc and barclays banks are now requiring their employees to return to the office wrote job still very much exist. but many of these companies are paying less for this 4% of jobs making a quarter of a million dollars are remote a year ago was 10% hiring. expert says that moving up the career ladder is very much tied to in-person work. >> a lot of businesses organizations i've spoken with have actually really wrestled with the idea of promotions and growth within organizations. >> and do people who work fully remote have the same, truly the same type of opportunities for career advancement. is those that work in the office? >> economists say the decrease in remote jobs, one as several factors behind the growing unemployment rate in several states. and many are warning that could be a sign of a looming recession. next here at noon, we're going to take a look at one man's mission to save war letters from world war. one. and a battle that's brewing right now at the state's highest court. the latest effort to limit g
a full 5 days a week by the end of the year, according to bloomberg, citi, hsbc and barclays banks are now requiring their employees to return to the office wrote job still very much exist. but many of these companies are paying less for this 4% of jobs making a quarter of a million dollars are remote a year ago was 10% hiring. expert says that moving up the career ladder is very much tied to in-person work. >> a lot of businesses organizations i've spoken with have actually really...
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May 28, 2024
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workers back in the office full 5 days a week by the end of this year, according to bloomberg city, hsbc and barclays they are now requiring their employees to return to the office. >> romo jobs do still exist, obviously. but you might i might be talking. you might have one. >> but their finding that companies are paying less for the remote work. and if you want to make a lot of money as in like a quarter million dollars a year. just 4% of the jobs that make that kind of money. a remote. whereas a year ago as 10%. hiring strategists as moving up the career ladder is very much tied to in-person work. >> a lot of businesses organizations i've spoken with have actually really wrestled with the idea of promotions and growth within organizations. >> and do people who work fully remote have the same, truly the same type of opportunities for career advancement. is those that work in the office? >> meantime, economists say that the decrease in remote jobs is just one of several factors behind the growing unemployment rate in several states. and there is saying that some are saying it's a warning
workers back in the office full 5 days a week by the end of this year, according to bloomberg city, hsbc and barclays they are now requiring their employees to return to the office. >> romo jobs do still exist, obviously. but you might i might be talking. you might have one. >> but their finding that companies are paying less for the remote work. and if you want to make a lot of money as in like a quarter million dollars a year. just 4% of the jobs that make that kind of money. a...
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May 28, 2024
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and according to bloomberg to name a few city, hsbc, barclays are requiring their employees net now to return the office. and here's another thing. remote jobs are still out there. you might be working. remote light right now and watching tv and kind of working. but a lot of companies are paying less for the remote jobs. and so you have to keep that in mind a quarter million dollars to 25. if you want to make $250,000 a year, there's about 4% of the jobs that make to 5250 grand a year. those are remote. a year ago. 10% of the remote jobs pay that. so you see there are fewer remote jobs pay that high and strategist says that if you really want to move up the career ladder that is going to be tied to in-person work. >> a lot of businesses organizations i've spoken with have actually really wrestled with the idea of promotions and growth within organizations. >> and do people who work fully remote have the same, truly the same type of opportunities for career advancement. is those that work in the office? >> and do they have the same type that they work in the office as far as life rights
and according to bloomberg to name a few city, hsbc, barclays are requiring their employees net now to return the office. and here's another thing. remote jobs are still out there. you might be working. remote light right now and watching tv and kind of working. but a lot of companies are paying less for the remote jobs. and so you have to keep that in mind a quarter million dollars to 25. if you want to make $250,000 a year, there's about 4% of the jobs that make to 5250 grand a year. those...
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May 3, 2024
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h hsbc, the latest company, cutting the share to $84 a share, a price target of $107. switching gears, live ation, one of the top s&p 500 performers today after surpassing wall street revenue estimates with management promising that concert attendance even if taylor swift doesn't have a show will continue to grow in 2025. shares can rally to $120, they're trading at 95 bucks now over the next year because of incredibly strong demand for live concerts. we're not willing to spend on starbucks coffee, but we're willing to dish out the dough for concerts. >> priorities. >> yes, priorities. >> have a good weekend. >> i drink coffee every day. i know my priority. >> you and me both. kristina, thank you. >>> still ahead, amgen shares are soaring due to the crucial obesity drug trial. we'll talk about that could mean for the stock and other competitors. with tailored education. get an expanding library filled with new online videos, webcasts, articles, courses, and more - all crafted just for traders. and with guided learning paths stacked with content curated to fit your uniq
h hsbc, the latest company, cutting the share to $84 a share, a price target of $107. switching gears, live ation, one of the top s&p 500 performers today after surpassing wall street revenue estimates with management promising that concert attendance even if taylor swift doesn't have a show will continue to grow in 2025. shares can rally to $120, they're trading at 95 bucks now over the next year because of incredibly strong demand for live concerts. we're not willing to spend on starbucks...
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May 21, 2024
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jonathan: we will throw that one to max from hsbc. scores this morning, just about unchanged, going nowhere. the bond market, 10 year for tooth seven. coming up, we will catch up with max kantner of hsbc. stephen cook, from cfr, on the death of the iranian is it, and the former fed economist on the overload of speak. the nasdaq 100 hitting another record high as esters double down on nvidia tomorrow. max writes, "we think the rally has further legs with positioning that's not sending a warning signal and the risk of fed hikes has been taken off the table." i'm pleased to say that max points us with more. let's get bearish for you. tell me why marco is wrong. what you say back to that? max: valuations are not a great tool for tactical views, right? just because you by the s&p or equity at a 20 times earnings doesn't in the go one turn higher. valuations in the long term tend to work over five to 10 years. over a shorter time, six months to 12 months, they do a poor job in predicting short-term performance. i would use that as a bearish
jonathan: we will throw that one to max from hsbc. scores this morning, just about unchanged, going nowhere. the bond market, 10 year for tooth seven. coming up, we will catch up with max kantner of hsbc. stephen cook, from cfr, on the death of the iranian is it, and the former fed economist on the overload of speak. the nasdaq 100 hitting another record high as esters double down on nvidia tomorrow. max writes, "we think the rally has further legs with positioning that's not sending a...
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May 28, 2024
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according to bloomberg, citi, hsbc and barclays there now requiring their employees to return to the office. they say that even though the remote jobs are out, there are fewer of them. and the companies also paying less. so here's what they're taking a look at. if you want to make $250,000 a year. well, just 4% of those jobs right now art remote. and a year ago. 10% were making $250,000 a year hiring strategists as that as you want to move up the career ladder. you've got to consider in-person work. >> a lot of businesses organizations i've spoken with have actually really wrestled with the idea of promotions and growth within organizations. >> and do people who work fully remote have the same, truly the same type of opportunities for career advancement. is those that work in the office? >> economists say that there's a decrease in remote jobs for many reasons, including they think the growing unemployment rate in several states. and then also they say all this could be a warming warning that there is a recession on the >> kron 4 continues. our coverage of a api heritage month and kr
according to bloomberg, citi, hsbc and barclays there now requiring their employees to return to the office. they say that even though the remote jobs are out, there are fewer of them. and the companies also paying less. so here's what they're taking a look at. if you want to make $250,000 a year. well, just 4% of those jobs right now art remote. and a year ago. 10% were making $250,000 a year hiring strategists as that as you want to move up the career ladder. you've got to consider in-person...
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May 28, 2024
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here is the latest from hsbc. funding and sentiment is supported for risk assets. max kettner still overweight high-yield credit, overweight equities, underweight dm sovereigns and investment grade. lisa: badish news is good news. it just has to be bad enough to be disinflationary. that is what we saw last week. jonathan: after work out what "badish" is in payrolls. futures on the s&p 500. welcome back to work for those of you who enjoy the long weekend. let's get you an update on stories elsewhere. your is your bloomberg brief. yahaira: a series of powerful storm swept through the southern and central u.s. over the memorial day weekend, killing 22 people and leaving a trail of destroyed homes, businesses, and power outages. joe biden sent console and says to the family -- sent condolences to the people who died and -- to the families of the people who died and contacted governors to see what federal support they need. ubs is ruling out an external successor to replace the ceo. the financial times reported the bank is planning to choose a new ceo from a shortlist o
here is the latest from hsbc. funding and sentiment is supported for risk assets. max kettner still overweight high-yield credit, overweight equities, underweight dm sovereigns and investment grade. lisa: badish news is good news. it just has to be bad enough to be disinflationary. that is what we saw last week. jonathan: after work out what "badish" is in payrolls. futures on the s&p 500. welcome back to work for those of you who enjoy the long weekend. let's get you an update on...
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May 10, 2024
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sonali: hsbc and standard chartered are among major u.k. firms pressing prime minister rishi sunak to tone down proposed restrictions on doing business with china. sources say the banks are lobbing ministers not to include china in the strictest risk categories a new national security legislation. they argue this would impede business and trigger negative publicity. apple has issued a rare apology touting its latest ipad. the commercial shows musical instruments and other creative tools being crushed, drawn criticism on social media for what many are calling a depiction of the destruction of humanity. the apple vice president of marketing telling ad age, we miss the mark and we are sorry. apples has inlet air that that on television as planned. finally, formula e is now in its 10th season, and in an interview with the ceo, they say they are always open to bringing in new competitors. >> i could see a team like lotus, saic. we actually have two chinese teams here. >> what about a tesla team? >> tesla is unlikely, and i'll tell you why. all t
sonali: hsbc and standard chartered are among major u.k. firms pressing prime minister rishi sunak to tone down proposed restrictions on doing business with china. sources say the banks are lobbing ministers not to include china in the strictest risk categories a new national security legislation. they argue this would impede business and trigger negative publicity. apple has issued a rare apology touting its latest ipad. the commercial shows musical instruments and other creative tools being...
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May 10, 2024
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the newly split up industrial conglomerate is getting help from hsbc. to a buy rating from a hold the target price up to $115. it was 91 bucks and change prior. they're citing expectations for better growth after the spin-off of its healthcare business, and attractive current valuations. so, keep an eye on that. by the way, for more on those stories and others, head over to cnbc.com/pro, subscribers there get full access to all that analysis, andrew back over to you >> dom, thank you for that. >>> more coming up this morning on this friday managing politics in the workplace ahead of the november presidential election hits hard. and a lot of folks are trying to figure it out. >>> also aol co-founder and ceo revolution steve case will talk to us about a.i. investments, chips act and regulation coming in the industry. "squawk box" returns after this. ♪ music ♪ ♪ unnecessary action hero! ♪ ♪ unnecessary. ♪ was that necessary? no. neither is missing your daughter's competition to do payroll. with paycom, employees do their own payroll so you don'
the newly split up industrial conglomerate is getting help from hsbc. to a buy rating from a hold the target price up to $115. it was 91 bucks and change prior. they're citing expectations for better growth after the spin-off of its healthcare business, and attractive current valuations. so, keep an eye on that. by the way, for more on those stories and others, head over to cnbc.com/pro, subscribers there get full access to all that analysis, andrew back over to you >> dom, thank you for...
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May 8, 2024
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janet henry of hsbc. 2025 is such an interesting year. how difficult it is to have a view on next year without any clarity on the expiration of tax cuts, what will happen with tariffs if president trump gets another term in the white house. all of these things will have big implications for what happens with the broader economy. lisa: which is the reason i find it interesting. a lot of people are just -- lori calvasina -- the blinding white light of the sun. jonathan: that is 2025. staring at the sun. coming up, we'll catch up with tracie mcmillion, and mandy xu. ♪ you know what's brilliant? boring. think about it. boring is the unsung catalyst for bold. what straps bold to a rocket and hurtles it into space? boring does. boring makes vacations happen, early retirements possible, and startups start up. because it's smart, dependable, and steady. all words you want from your bank. for nearly 160 years, pnc bank has been brilliantly boring so you can be happily fulfilled... which is pretty un-boring if you think about it. and they're all
janet henry of hsbc. 2025 is such an interesting year. how difficult it is to have a view on next year without any clarity on the expiration of tax cuts, what will happen with tariffs if president trump gets another term in the white house. all of these things will have big implications for what happens with the broader economy. lisa: which is the reason i find it interesting. a lot of people are just -- lori calvasina -- the blinding white light of the sun. jonathan: that is 2025. staring at...
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May 24, 2024
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it will affect hundreds of employees at citigroup and hsbc. with the changes at barclays set to impact thousands of staff. our resident get back to work correspondent, we have to clarify. it is not get back to work, it is get back to the office. i wonder how much some of these executives and banks are thinking that it is convenient that finra tightened the group so we can order everyone back to the office, which is what we've been wanting to do anyway. annmarie: they don't want the mass mutiny before the summer. j.p. morgan and goldman sachs already have the policy we want you back in the office five days a week. i only worked from home a few times during covid because i was ill. i -- it is 2024. i don't even understand why there is this discussion. dani: i think it is a very convenient excuse, to your point, that finra is changing the rules are barclays, the most strict, are trying to cut 2 billion pounds. what better way than to ask employees to get back into the office and have some potential employees say i can't do that, i would rather le
it will affect hundreds of employees at citigroup and hsbc. with the changes at barclays set to impact thousands of staff. our resident get back to work correspondent, we have to clarify. it is not get back to work, it is get back to the office. i wonder how much some of these executives and banks are thinking that it is convenient that finra tightened the group so we can order everyone back to the office, which is what we've been wanting to do anyway. annmarie: they don't want the mass mutiny...