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Dec 22, 2023
12/23
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tencent down almost 10%.prusus -- prosus, a big majority of these investors holdings are in tencent. we have an expert on this topic and china video games later in the show. here and now is elon musk. it is wide-ranging. elon musk goes off to her -- after the public markets. he wades into the passive versus active investing debate. tesla is the only publicly traded proxy, up .6%, up 107% year to date. a beneficiary outpacing s&p 500 gain of 20% in the public markets that must had lots to say about. caroline: it is mesic to cathie wood's ears, who has an actively managed set of etf's. overall, we did see elon musk pushing out again on the state of u.s. financial markets. we are looking at the moment of tesla holders. take a listen to what he had to say. [video clip] >> the percentage of the market that is passive is simply too great at this point. at the end of the day, someone has to make an active decision. the passive investors are riding on the decisions of the active investors. you get essentially massive
tencent down almost 10%.prusus -- prosus, a big majority of these investors holdings are in tencent. we have an expert on this topic and china video games later in the show. here and now is elon musk. it is wide-ranging. elon musk goes off to her -- after the public markets. he wades into the passive versus active investing debate. tesla is the only publicly traded proxy, up .6%, up 107% year to date. a beneficiary outpacing s&p 500 gain of 20% in the public markets that must had lots to...
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Dec 22, 2023
12/23
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fresh restriction around the gaming segment with tencent and netease falling on that. it will curb the reward system for frequent as well as prolonged use. that is hitting the likes of ubisoft stock in europe. it is down 6%. trading lower after sinking 8% at the open. now 6%. there are process which hit the bottom of the stoxx 600. that is 16% down. the stake in tencent is significant to the overall picture on its trading there. >>> from tech wars to crypto, cnbc is exploring the top tech trends we can expect to see next year. arjun kharpal filed this report. >> reporter: 2024 is expected to be another big year for the tech industry with excitement with artificial intelligence. scrutiny from likely to continue. without a doubt, artificial intelligence will dominate the tech landscape. there will be rapid development for the applications we use today to chatgtpt. there will be models which will be smaller to run on a smartphone. that will unlock new applications. while the u.s. and then china dominate the a.i. space, some of the european's startups will dominate with a.
fresh restriction around the gaming segment with tencent and netease falling on that. it will curb the reward system for frequent as well as prolonged use. that is hitting the likes of ubisoft stock in europe. it is down 6%. trading lower after sinking 8% at the open. now 6%. there are process which hit the bottom of the stoxx 600. that is 16% down. the stake in tencent is significant to the overall picture on its trading there. >>> from tech wars to crypto, cnbc is exploring the top...
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Dec 20, 2023
12/23
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tiktok owner bytedance set to surge more than $10 billion, potentially overtaking its rival tencent. just waiting for that staggered session to get underway but we are expecting a bit of downside. more than .5% lower if that lead from wall street is anything to go by we had quite a challenging session for highflying stocks. one of their worst days and months wednesday. wall street warning of the pullback on the rally ignited by the ever popular and pretty busy fed pivot trade we saw kicking off in earnest last week in its latest iteration. the lack of drivers in the last hour as we head into the holidays starting to become evident. we are still close to some pretty significant milestones when it comes to australian markets. about 2% away from an all-time high. the record close in august 2021 is what we are looking at. at the moment we are at the highest levels since february of 2023. we're also watching the currency, a bit of upside thanks to that pullback that we saw in the u.s. dollar previously. quite a bit of challenges ahead for the australian markets as we get into 2024 with th
tiktok owner bytedance set to surge more than $10 billion, potentially overtaking its rival tencent. just waiting for that staggered session to get underway but we are expecting a bit of downside. more than .5% lower if that lead from wall street is anything to go by we had quite a challenging session for highflying stocks. one of their worst days and months wednesday. wall street warning of the pullback on the rally ignited by the ever popular and pretty busy fed pivot trade we saw kicking off...
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Dec 22, 2023
12/23
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the news crushing tencent. could this be the start of new pain for the chinese tech sector? stick around to find out. >>> this is "fast money" with melissa lee right here on cnbc. power e*trade's award-winning trading app makes trading easier. with its customizable options chain, easy-to-use tools and paper trading to help sharpen your skills, you can stay on top of the market from wherever you are. e*trade from morgan stanley. trading at schwab is now powered by ameritrade, giving traders even more ways to sharpen their skills 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 unique goals, you can spend less time searching and more time learning. trade brilliantly with schwab. loving this pay bump in our allowance. wonder where mom and dad got the extra money? maybe they won the lottery? maybe they inherited a fortune? maybe buried treasure? maybe it fell off a truck? maybe they heard that xfinity custom
the news crushing tencent. could this be the start of new pain for the chinese tech sector? stick around to find out. >>> this is "fast money" with melissa lee right here on cnbc. power e*trade's award-winning trading app makes trading easier. with its customizable options chain, easy-to-use tools and paper trading to help sharpen your skills, you can stay on top of the market from wherever you are. e*trade from morgan stanley. trading at schwab is now powered by ameritrade,...
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Dec 8, 2023
12/23
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major technology players — including apple and google in the us and china's alibaba and tencent — haveown ai models. meanwhile, european union countries are trying to reach an agreement on rules governing ai. joining us now to look at what this all means is maribel lopez from lopez research. it's a real win for the ai industry, given the breadth of companies and countries, we expect there is going to be a regulation that comes out of it, were trusted and secure ai, and more collaboration in this sace. ,,, ., ~ and more collaboration in this sace. ., ., space. speaking of more innovation _ space. speaking of more innovation and _ space. speaking of more - innovation and collaboration, what do you think of the eu union is being called the world's first comprehensive artificial intelligence rules? the eu is actually very ahead in the industry in terms of actually trying to quantify this and put risk entities behind regulations, but it's no surprise when the rubber meets the road, people want innovation, they also want security and both of those are highly debated topics with the eu acted
major technology players — including apple and google in the us and china's alibaba and tencent — haveown ai models. meanwhile, european union countries are trying to reach an agreement on rules governing ai. joining us now to look at what this all means is maribel lopez from lopez research. it's a real win for the ai industry, given the breadth of companies and countries, we expect there is going to be a regulation that comes out of it, were trusted and secure ai, and more collaboration in...
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Dec 26, 2023
12/23
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benchmarks plummeted over 10 billion dollars friday after prices of two stocks fell, take a look at tencent 3%. then happens when home alone comes to life? >> -- let's see what a is -- >> what -- >> this is close to happened to real life 6 we will haved over christmas holiday he was supposed to fly on spirit airlines from philadelphia to fort myers, florida but his grandmother says he never ended up on that plane instead ended up in orlando over 200 miles away. grandma says spirit offered to reimburse her for drive to orlando she wants answers, instead spirit airlines apoll apologizing, for that error, supreme court declining request from special counsel jack smith to speed up its decision whether former president trump has immunity in d.c. federal case, the charges stemming from capitol riots january 6, 2021, trump is taking his immunity claim to d.c. circuit this is lawyers saying immunity needed for bold fearless compulsive leadership warning indictment would cause cycles recrimination politically o o motivated prosecution will plague our nation for many decades to come from says is immu
benchmarks plummeted over 10 billion dollars friday after prices of two stocks fell, take a look at tencent 3%. then happens when home alone comes to life? >> -- let's see what a is -- >> what -- >> this is close to happened to real life 6 we will haved over christmas holiday he was supposed to fly on spirit airlines from philadelphia to fort myers, florida but his grandmother says he never ended up on that plane instead ended up in orlando over 200 miles away. grandma says...
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Dec 22, 2023
12/23
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the big drags coming from these gaming companies, tencent falling by as much as 28%, the worst on record. this curb coming through from china is to curb the excessive spending, as well as rewards for on what -- for online gaming. that will affect the number of active users as well as how these companies have prospects for monetization. that is why you are seeing this performance in the greater china markets today. but it is not just regulation on gaming that china is pushing through. it is also turning up the heat on trade policy. it is going to restrict some of the exports for the processing technologies. this will make it more difficult potentially for western nations to secure supplies of the material. we have seen this counter in australia. we are watching apparel makers in the region. nike cutting guidance and missing on the forecast for the greater china sales. it is slumping along with some of its competitors. kriti: that is the gaming story, and what is important as well as we talk about the other major story in the region, japan as well, inflation seems to be in focus. avril: ab
the big drags coming from these gaming companies, tencent falling by as much as 28%, the worst on record. this curb coming through from china is to curb the excessive spending, as well as rewards for on what -- for online gaming. that will affect the number of active users as well as how these companies have prospects for monetization. that is why you are seeing this performance in the greater china markets today. but it is not just regulation on gaming that china is pushing through. it is also...
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Dec 20, 2023
12/23
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that is according to people familiar with the matter, they'll put it ahead of tencent.ytedance is seeking to expand in the area of e-commerce. it is spring and, joining us from london. you are looking at what the driving force of the sales pickup is, it is phenomenal percentage point growth here. is it at the expense of market competition? >> as we look at our past her asian colleagues broke the story. bytedance's revenue is on track to exceed one billion -- 110 billion u.s. dollars. it is not just overseas but also at home. and hope it is expanding rapidly into areas such as helping people to book restaurant tables or take out and selling close online and overseas. it bought indonesia's companies, one of the major e-commerce platforms in indonesia and indonesia is one of the biggest e-commerce markets in the south east asia. as you said it is expanding rapidly overseas. e-commerce offering but also at home as well. it could be because of some other competitors, a platform in china and also alibaba which is under pressure were not only pd but also bytedance and the offe
that is according to people familiar with the matter, they'll put it ahead of tencent.ytedance is seeking to expand in the area of e-commerce. it is spring and, joining us from london. you are looking at what the driving force of the sales pickup is, it is phenomenal percentage point growth here. is it at the expense of market competition? >> as we look at our past her asian colleagues broke the story. bytedance's revenue is on track to exceed one billion -- 110 billion u.s. dollars. it...
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Dec 22, 2023
12/23
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following the news, shares in �*tencent�* dropped over i6% in hong kong, while rival, �*netease�* wasiness hub, monica miller has more. for more on this i'm now joined by daniel camilo. he's a gaming specialist living and working in shenzhen. thank you forjoining us. can you tell us about why gaming is an issue in china where there appears to be pressure to introduce laws to tackle the growing addiction to the industry? the growing addiction to the indust ? ~ �* , the growing addiction to the indust ?~ �*, , the growing addiction to the indust 7~ �*, , , industry? well, it's basically 'ust the government i industry? well, it's basically 'ust the government perception. h industry? well, it's basicallyjust i the government perception. there have been establishing these rules for a while. earlier this year there were regulations to try to diminish the gaming time for minors. it's not like there's more of an addiction here than anywhere else in the world, it isjust here than anywhere else in the world, it is just that most of the market in china is mobile and a new percentage of that is y
following the news, shares in �*tencent�* dropped over i6% in hong kong, while rival, �*netease�* wasiness hub, monica miller has more. for more on this i'm now joined by daniel camilo. he's a gaming specialist living and working in shenzhen. thank you forjoining us. can you tell us about why gaming is an issue in china where there appears to be pressure to introduce laws to tackle the growing addiction to the industry? the growing addiction to the indust ? ~ �* , the growing...
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Dec 22, 2023
12/23
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following the news, shares in tencent dropped over 16% in hong kong, while rival, netease was down mores hub, monica miller has more. beijing officials are trying to rein in on what it sees as a growing trend of gaming addition among young people. these new rules will require online games to set spending limits and in—game measures that could incentivize high spending, such as daily log—in reports, will be banned. now this is not the first time that beijing has made a move against the gaming sector. in 2021, the government watchdog stopped issuing publishing licences following a crackdown that curbed game playing time for minors. but in april, beijing put an end to the nine—month freeze on gaming licences, which raised hopes that the focus on that industry would be subsided. however, these regulations now are another blow the the world's biggest games market, worth roughly $47 billion. the sportswear giant nike is promising to cut costs by $2 billion over the next three years, laying off workers, cutting product lines and bringing in more automation. nike shares slumped more than 10% af
following the news, shares in tencent dropped over 16% in hong kong, while rival, netease was down mores hub, monica miller has more. beijing officials are trying to rein in on what it sees as a growing trend of gaming addition among young people. these new rules will require online games to set spending limits and in—game measures that could incentivize high spending, such as daily log—in reports, will be banned. now this is not the first time that beijing has made a move against the...
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Dec 27, 2023
12/23
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tencent about 4% up. beijing signaling willingness to soften proposed gaming restrictions. investors have been bracing for renewed curbs on the biggest market in the world. this is what it looks like overall as far as the equity position is. u.s. peers just below record levels. thriving equities in this part of the world. we will be back for more updates. this is bloomberg. >> when people ask are you afraid of what might happen, i say no, because of the goodness of the american people, the strength of our democracy. we will prevail. my motto is the flag is still there. >> she has been the face of her party for a generation. spending two decades as a top house democrat. nancy pelosi made history when she became the first female speaker in 2007. until recently, the most powerful woman in u.s. politics. she's also faced years of attacks from republicans, a campaign that escalated under former president donald trump. mrs. pelosi: we have an aberration in our country right now, but hopefully that won't last too much longer. but nonetheless, we still have to strive for unity. som
tencent about 4% up. beijing signaling willingness to soften proposed gaming restrictions. investors have been bracing for renewed curbs on the biggest market in the world. this is what it looks like overall as far as the equity position is. u.s. peers just below record levels. thriving equities in this part of the world. we will be back for more updates. this is bloomberg. >> when people ask are you afraid of what might happen, i say no, because of the goodness of the american people,...
SFGTV: San Francisco Government Television
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Dec 22, 2023
12/23
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the alibaba's and the tencent's have been reined in. i mentioned the online education problem. you say you want foreign investors, but you're making it harder and harder for foreigners to live there and to the hong kong example is not so great in terms of the national security law. and so we need some help from beijing, not just from washington. that's a great place to end our conversation on. thank you so much. it's great having you here. and thank you, everybody. if you join me in thanking dr. rice. >> bob morts, global german and chief executive officer of pwc. >> good morning everyone. thank you to be the early birds. sitting here, fighting all the possibilities so that we guarantee a great conversation and my name is kim way, the moderator for this panel. the gobel economy and state of the world. i am
the alibaba's and the tencent's have been reined in. i mentioned the online education problem. you say you want foreign investors, but you're making it harder and harder for foreigners to live there and to the hong kong example is not so great in terms of the national security law. and so we need some help from beijing, not just from washington. that's a great place to end our conversation on. thank you so much. it's great having you here. and thank you, everybody. if you join me in thanking...
SFGTV: San Francisco Government Television
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Dec 15, 2023
12/23
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SFGTV
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the alibaba's and the tencent's have been reined in. i mentioned the online education problem. you say you want foreign investors, but you're making it harder and harder for foreigners to live there and to the hong kong example is not so great in terms of the national security law. and so we need some help from beijing, not just from washington. that's a great place to end our conversation on. thank you so much. it's great having you here. and thank you, everybody. if you join me in thanking dr. rice.offer. >> congratulations on thirty years sfgovtv. your that excellence award-winning programming be shines the light would people need to know about the city thank you for your all you do to show the heritage and bright future more importantly and thank you for your thirty >> shop and dine in the 49 promotes local businesses and challenges residents to do their business in the 49 square files of san francisco. we help san francisco remain unique, successful and right vi. so where will you shop and dine in the 49? >> i'm one of three owners here in san francisco and we provide most
the alibaba's and the tencent's have been reined in. i mentioned the online education problem. you say you want foreign investors, but you're making it harder and harder for foreigners to live there and to the hong kong example is not so great in terms of the national security law. and so we need some help from beijing, not just from washington. that's a great place to end our conversation on. thank you so much. it's great having you here. and thank you, everybody. if you join me in thanking...
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Dec 30, 2023
12/23
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tencent are warning there will be severe delays to their services today and tomorrow because of driverthern rail service in the north of england.— affecting northern rail service in the north of england. thank you for now. now the north of england. thank you for now- now it — the north of england. thank you for now- now it is _ the north of england. thank you for now. now it is time _ the north of england. thank you for now. now it is time for _ the north of england. thank you for now. now it is time for a _ the north of england. thank you for now. now it is time for a look - the north of england. thank you for now. now it is time for a look at - now. now it is time for a look at today's sport with jane dougal. hello from the bbc sport centre. let's start with the late game in the premier league between manchester united and nottingham forest, which is due to kick off at the city ground shortly. the united players have arrived — one change to their starting line up, with antony replacing rasmus hojland, who is ill. nottingham forest, who beat newcastle united in their last match — thei
tencent are warning there will be severe delays to their services today and tomorrow because of driverthern rail service in the north of england.— affecting northern rail service in the north of england. thank you for now. now the north of england. thank you for now- now it — the north of england. thank you for now- now it is _ the north of england. thank you for now. now it is time _ the north of england. thank you for now. now it is time for _ the north of england. thank you for now. now...
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Dec 20, 2023
12/23
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bytedance sales researched this year to more than 110 billion dollars overtaking competitive tencent.out the state of tiktok's e-commerce business. how hot or not the private equity market
bytedance sales researched this year to more than 110 billion dollars overtaking competitive tencent.out the state of tiktok's e-commerce business. how hot or not the private equity market
SFGTV: San Francisco Government Television
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Dec 16, 2023
12/23
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the alibaba's and the tencent's have been reined in. i mentioned the online education problem. you say you want foreign investors, but you're making it harder and harder for foreigners to live there and to the hong kong example is not so great in terms of the national security law. and so we need some help from beijing, not just from washington. that's a great place to end our conversation on. thank you so much. it's great having you here. and thank you, everybody. if you join me you, everybody. if you join me >>> hi, i'm chris and you are watching san francisco rising. this is about rebuilding and reimaging the city. we will talk about revitalizing downtown. >> thank you for having me. >> the initiatives in the downtown area and enjoy businesses. perhaps you can tell us about your plan. >> yeah, sure. well, you know, first i'd like to acknowledge we are here visiting union scare. this is the heart of the city and people come to celebrate life's greatest moments whether it's the holidays or buying your prom dress or getting married. you always think about union square as a plac
the alibaba's and the tencent's have been reined in. i mentioned the online education problem. you say you want foreign investors, but you're making it harder and harder for foreigners to live there and to the hong kong example is not so great in terms of the national security law. and so we need some help from beijing, not just from washington. that's a great place to end our conversation on. thank you so much. it's great having you here. and thank you, everybody. if you join me you,...
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Dec 13, 2023
12/23
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this -- ed: meta and tencent are teaming up on a headset in china.egue into augmented reality. our next guest founded a company that uses ar to help monetize tasks in the manufacturing industry. he joins us with more. devin bhusha, ceo of squint that announced a $13 million series a funding round. the use case is fascinating. what is it that is unique about the technology? what is it you do? devin: thanks for having me. great to be here. squint is an augmented reality product that lets you create a how-to guide for every machine on the factory floor. manufacturing today is going through really high turnover. they are having to hire more workers than they ever have. traditionally, the way they train workers was they would actually pair them with an experienced operator. that person would look over their shoulder and guide them through the process as they work. this would take weeks. this does not scale as you hire more people. that is were squint comes in. it's the app that lives in the new operator's hands and lets them pointed at a machine and it re
this -- ed: meta and tencent are teaming up on a headset in china.egue into augmented reality. our next guest founded a company that uses ar to help monetize tasks in the manufacturing industry. he joins us with more. devin bhusha, ceo of squint that announced a $13 million series a funding round. the use case is fascinating. what is it that is unique about the technology? what is it you do? devin: thanks for having me. great to be here. squint is an augmented reality product that lets you...
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Dec 8, 2023
12/23
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tencent is betting on its know -- its new open world adventure game.st sentinel was unveiled during the 2023 game awards. last sentinel was developed by the california based lightspeed studio. no word on the release date. plus broadcom says it expects the rapid expansion for ai computing to have its worst slow down since 2020. they referred to ai as a bright spot for the chipmaker which expects sales to grow more than 25% in 2024. this was the first calling report after the acquisition of vmware. ed: doc you sign out with results beating expectations. but also offering a margin outlook that was seen as cautious by some out -- by some analysts. now joining us is the doc you sign ceo. document generation, e-signature, great you set -- great results. you are up 4% and the analysis is saying give us a little bit more on the margin outlook. why are you so conservative? allan: we have set -- we have shown that we have trade operating sufficiency. but, we still have growth ambitions as well. we are balancing our investment and roadmap with continuing new oper
tencent is betting on its know -- its new open world adventure game.st sentinel was unveiled during the 2023 game awards. last sentinel was developed by the california based lightspeed studio. no word on the release date. plus broadcom says it expects the rapid expansion for ai computing to have its worst slow down since 2020. they referred to ai as a bright spot for the chipmaker which expects sales to grow more than 25% in 2024. this was the first calling report after the acquisition of...
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Dec 22, 2023
12/23
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CNBC
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shares of tencent and netease are sinking in the overnight trade after beijing announced sweeping regulationsn on excessive gaming and cracking down on incentives based on the amount of money you spend on lline platforms. >>> and the red sea crisis continues this morning with 150 ships diverted away from the region for the fear of the houthi attack. as a result, the cost to ship goods is surging again. some routes are up 40% month over month costing as much as $10,000 to shipper container. >>> and tesla acquired a new plot of land for the factory in shanghai. tesla says the factory will produce 10,000 battery packs a year with most slated for export. construction is set to begin in the third quarter of this year, with the propduction set for th second quarter of 2024. >>> coming up on "worldwide exchange," the one word that every investor needs to know today and why history and santa may be on wall street's side as we kickoff the final trading days of 2023. >>> if you haven't already, follow our podcast. check us out on apple or spotify or your favorite podcast apps. more "wex" after this. i'
shares of tencent and netease are sinking in the overnight trade after beijing announced sweeping regulationsn on excessive gaming and cracking down on incentives based on the amount of money you spend on lline platforms. >>> and the red sea crisis continues this morning with 150 ships diverted away from the region for the fear of the houthi attack. as a result, the cost to ship goods is surging again. some routes are up 40% month over month costing as much as $10,000 to shipper...
SFGTV: San Francisco Government Television
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Dec 19, 2023
12/23
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the alibaba's and the tencent's have been reined in. i mentioned the online education problem.you say you want foreign investors, but you're making it harder and harder for foreigners to live there and to the hong kong example is not so great in terms of the national security law. and so we need some help from beijing, not just from washington. that's a great place to end our conversation on. thank you so much. it's great having you here. and thank you, everybody. if you join me in thanking dr. rice. [♪♪♪] >> my family's starts in mexico in a small town. my parents are from a very, very small town. so small, that my dad's brother is married to one of my mom's sisters. it's that small. a lot of folks from that town are here in the city. like most immigrant families, my parents wanted a better life for us. my dad came out here first. i think i was almost two-years-old when he sent for us. my mom and myself came out here. we moved to san francisco early on. in the mission district and moved out to daily city and bounced back to san francisco. we lived across the street from the up
the alibaba's and the tencent's have been reined in. i mentioned the online education problem.you say you want foreign investors, but you're making it harder and harder for foreigners to live there and to the hong kong example is not so great in terms of the national security law. and so we need some help from beijing, not just from washington. that's a great place to end our conversation on. thank you so much. it's great having you here. and thank you, everybody. if you join me in thanking dr....
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Dec 11, 2023
12/23
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where we see the losses from the hang seng, down 1.4%, being dragged by the likes of tencent, alibaba and meituan, no thanks to chinese cpi numbers over the weekend. they fell much more than expected, highlighting concerns about deflation in the country. our colleagues have pointed out that the drag came from food and not core prices, may be suggesting that demand didn't crash, it is just really weak. that being said, that is not being sheared along by the markets because we are already in a situation where there is no resolution of the property overhang or the debt situation. you might ask where we go from here? if you look at one of the indicators, the csi 300's relative strength index has fallen below 34 the first time since last year, showing oversold conditions. last time we saw this, it took two weeks before the csi 300 actually bottomed. maybe a similar pattern may emerge. lizzy: we will speak more about these inflation prints with jinny yan from icbc shortly. while china may be suffering deflation, for most central banks, it's inflation in focus. it's a massive weight for cent
where we see the losses from the hang seng, down 1.4%, being dragged by the likes of tencent, alibaba and meituan, no thanks to chinese cpi numbers over the weekend. they fell much more than expected, highlighting concerns about deflation in the country. our colleagues have pointed out that the drag came from food and not core prices, may be suggesting that demand didn't crash, it is just really weak. that being said, that is not being sheared along by the markets because we are already in a...
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Dec 22, 2023
12/23
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tencent is down even harder with a more direct connection, you could argue. it is down by 13%.r of single stocks are driving the story today. but, sonali, i think basically, to be honest we are -- you probably could pack up. sonali: this has been a busy year. i don't know we needed a lot more to be happening today at the end of the year. [laughter] there is something else happening with the u.k. economy. unexpectedly it shrank in the third quarter. it has raised the possibility that britain is already in a recession. necessary to have more bad news for the end of the year. for more we are joined by john's topic -- jon stepec.let's hope for a u.k. return to growth. what would lead to that? >> probably the consumer being in a better state. the thing is, we have spent most of this year feeling gloomy. certainly at the end of last year people were extremely gloomy about the prospects. we might have a recession, we might not, but the fact is things have been better than were expected in 2022. going into 2024 everything is lining up for an easier life for the consumer. inflation is e
tencent is down even harder with a more direct connection, you could argue. it is down by 13%.r of single stocks are driving the story today. but, sonali, i think basically, to be honest we are -- you probably could pack up. sonali: this has been a busy year. i don't know we needed a lot more to be happening today at the end of the year. [laughter] there is something else happening with the u.k. economy. unexpectedly it shrank in the third quarter. it has raised the possibility that britain is...
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Dec 22, 2023
12/23
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if you're a name like tencent, it's him possible to plan.ors i speak to are neutral in chinese equities but you think about tech and the gaming space in particular, this unknown of what the chinese government will do is a massive headwind and we will talk about it more on bloomberg technology today. guy: we look forward to the coverage. have a great holiday. you can catch ed ludlow in caroline hyde on bloomberg technology in around 90 minutes time. they will certainly be talking about the gaming story. coming up, more insight and out durable will the inflation draw be? the professor of economics will be joining us next to give us a take on whether or not this dragon has been slain. look at that fantastic picture with san francisco looking great. this is bloomberg. ♪ the power goes out, and we still have wifi to do our homework. and that's a good thing? great in my book. who are you? no power? no problem. introducing storm-ready wifi. now you can stay reliably connected through power outages with unlimited cellular data and up to 4 hours of b
if you're a name like tencent, it's him possible to plan.ors i speak to are neutral in chinese equities but you think about tech and the gaming space in particular, this unknown of what the chinese government will do is a massive headwind and we will talk about it more on bloomberg technology today. guy: we look forward to the coverage. have a great holiday. you can catch ed ludlow in caroline hyde on bloomberg technology in around 90 minutes time. they will certainly be talking about the...
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Dec 26, 2023
12/23
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games by tencent and netease were also approved. you can see netease up 2%. just up fractionally.ast week that led to double-digit losses for tencent, netease and a number of other companies. it issued warnings for, quote/unquote, irrational behavior. steve, back over to you. >> thanks so much. the fed will have plenty to watch in the new year, tracking inflation, the nation's job market, but what will lead the central bank to cutting rates? joining us now, robert kaplan. >> good morning, robert. >> good morning, steve. how are you? >> let's do a little monday morning quarterbacking after the fed meeting here. the fed changed its statement with one word. that was the policy decision by the committee and then they committed 19 separate forecasts that led to the market to conclude that there would be not just rate cuts, but six rate cuts next year, quarter-point rate cuts, and happening as soon as march. did the fed get the communications wrong in your opinion? >> well, i think there was a consumer price index report the day of the fed announcement. and i think that report gave the
games by tencent and netease were also approved. you can see netease up 2%. just up fractionally.ast week that led to double-digit losses for tencent, netease and a number of other companies. it issued warnings for, quote/unquote, irrational behavior. steve, back over to you. >> thanks so much. the fed will have plenty to watch in the new year, tracking inflation, the nation's job market, but what will lead the central bank to cutting rates? joining us now, robert kaplan. >> good...
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Dec 19, 2023
12/23
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we had very big names such as softbank, tencent, selling a lot of stakes they had in indian companiesdication there's a lot of demand both locally and internationally for deals that came a few years ago. we had a huge amount of small deals below $100 million. they were more than 90% of the ipo's we saw this year. they've been doing well, yes. it's like a lot of them are performing much better than people would expect. so now the big question is when are the bigger deals going to come? rishaad: which of the industry groups are ripe for consolidation and initial offerings as well? >> everyone talks about consumption. one of the biggest deals in india this year, it's doing super well since listing. anything tied to consumption in india in the middle of the positive growth story is drawing demand from investors looking for opportunities in emerging markets. this is one of the centers that comes to mind. another would be all names related to fintech. rishaad: do you have anything to add on that industry group story? >> yes. apart from the names philippe has suggested, there is growing inte
we had very big names such as softbank, tencent, selling a lot of stakes they had in indian companiesdication there's a lot of demand both locally and internationally for deals that came a few years ago. we had a huge amount of small deals below $100 million. they were more than 90% of the ipo's we saw this year. they've been doing well, yes. it's like a lot of them are performing much better than people would expect. so now the big question is when are the bigger deals going to come? rishaad:...
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Dec 22, 2023
12/23
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if you tech out tencent in hong kong, down 12.5%.g of market value there. chinese regulators released some draft guidelines aimed to curb excessive gaming and spending on those platforms. shares of other china-based video game operators, bilibili, n netease seeing shares tank as well. keep an eye on those. on the analyst front, atoppenhe favorites. there could be multiple expansions in the coming years. we're watching some names in the premarket trade. bank of america just about flat on the session. we'll cap it off with a check on semiconductors. analysts at ubs are naming micron given the tailwinds by art official intelligence and others. they see a broadening out of things happening. micron right now up fractionally. so is advanced micro in the premarket trade and analog devices, keep an eye on the chip stocks. by the way, just wanted to take some time to wish everyone out there a merry christmas, happy holidays to anyone who celebrates around this time of year and to give you a little bit of a mood setting theme, we put the yule
if you tech out tencent in hong kong, down 12.5%.g of market value there. chinese regulators released some draft guidelines aimed to curb excessive gaming and spending on those platforms. shares of other china-based video game operators, bilibili, n netease seeing shares tank as well. keep an eye on those. on the analyst front, atoppenhe favorites. there could be multiple expansions in the coming years. we're watching some names in the premarket trade. bank of america just about flat on the...
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Dec 18, 2023
12/23
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tencent on the way down. and property leading the charge to the downside. as we wind down this year we are going to have to have a look at the outlook throughout the week. we start with a look at markets in china with more detail. you can see the china markets in focus, the economy tuesday, the bank of japan discussing gaming and ipos through the course of the next five days. against a background of a humbling year for people who were bullish on the chinese stocks, global investment banks forecasting a rally this time last year only to be surprised by of course a double digit loss for the msci china index. let's look now at what 2024 could bring. avril hong is in thing down? avr seems likei they are shaping down. this time last year all anyone could talk about was thel: chinese reopening. that was supposed to lift the consumption picture. that has not materialized. there is that sense that investors were overall overly off of -- overly optimistic we would see resolution to the property overhang. they were als
tencent on the way down. and property leading the charge to the downside. as we wind down this year we are going to have to have a look at the outlook throughout the week. we start with a look at markets in china with more detail. you can see the china markets in focus, the economy tuesday, the bank of japan discussing gaming and ipos through the course of the next five days. against a background of a humbling year for people who were bullish on the chinese stocks, global investment banks...
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Dec 8, 2023
12/23
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the credit ratings, not just for china sovereign but also for all the biggest companies in china like tencente got another cut for the top insurance companies in china. all in all, i think investors still like, even though we are seeing, you know, some easing science from the u.s. data in terms of the rate path, but still, you know, when it comes to sentiment over china, people are still really concerned about the growth outlook. haidi: dare i ask what happens if it does breach that level and stay below it for some time? jeanny: i think, you know, people have been waiting for the central economic conference. i guess it is going to be due during the middle of this month, where investors can gauge, you know, what the government really wants to do for the economy next quarter, whether there's going to be more physical support, monetary support, you know, from the chinese government, you know, and also, we are going to see -- we have already seen some support to revive the sentiment in the capital markets so we are seeing whether those measures can be effective going forward so those are big ques
the credit ratings, not just for china sovereign but also for all the biggest companies in china like tencente got another cut for the top insurance companies in china. all in all, i think investors still like, even though we are seeing, you know, some easing science from the u.s. data in terms of the rate path, but still, you know, when it comes to sentiment over china, people are still really concerned about the growth outlook. haidi: dare i ask what happens if it does breach that level and...
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Dec 22, 2023
12/23
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tencent in hong kong have lost about 12.5% of value that translates into roughly $43 billion of lostse regulators released draft guidelines that aim to curb what they think is excessive gaming and spending on the platforms. shares of billy billy, net ease are seeing shares on the u.s. business side down as well. keep an eye on a plethora of names. i'll send things back over to you. >> dominic chu back at hq. >> wall street analysts rolling out top picks for '24. we have three names that should xtear the your radar going into ne yand two have doubled this year. we're back after this. >>> the u.n. security council voting on humanitarian aid after several dates, the israeli military began a new ground offensive push into central gaza today. this as hopes fade for talks of a breakthrough in truce. hamas proposed for a cease-fire in exchange for the release of 40 hostages. >>> a makeshift memorial sprung up outside a university in prague after thursday's mass shooting, the worst in the cont's history. according to police, a czech student killed his father and then killed 14 others and wou
tencent in hong kong have lost about 12.5% of value that translates into roughly $43 billion of lostse regulators released draft guidelines that aim to curb what they think is excessive gaming and spending on the platforms. shares of billy billy, net ease are seeing shares on the u.s. business side down as well. keep an eye on a plethora of names. i'll send things back over to you. >> dominic chu back at hq. >> wall street analysts rolling out top picks for '24. we have three names...
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Dec 11, 2023
12/23
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is an interesting one because from a flow perspective and from a technical perspective, we saw that tencent went from 22,000 at the beginning of the year to around 16,000 at this moment in time. it is interesting to note that over the last few weeks, the volume, the turnover in the hong kong market actually has increased quite a bit. it is actually around 40% of what we have seen over the last three months. it seems that there is a change of hands. the weak hands are capitulating over the last few weeks. the money goes, the stocks goes into the hands of the strong holders. when that happens, it seems that around these levels there is reasonable levels of support it seems. whether the stimulus potential this week materialized were not, it seems that the market has relatively limited downsize from here. in q1 they could see some potential upside action and the hong kong china equities because of that. shery: what about expectations when it comes to european equities? do you see further demand? depending on what we hear from lagarde this week? >> europe, basically, because over in the u.s. the
is an interesting one because from a flow perspective and from a technical perspective, we saw that tencent went from 22,000 at the beginning of the year to around 16,000 at this moment in time. it is interesting to note that over the last few weeks, the volume, the turnover in the hong kong market actually has increased quite a bit. it is actually around 40% of what we have seen over the last three months. it seems that there is a change of hands. the weak hands are capitulating over the last...
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Dec 22, 2023
12/23
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tencent, that is its worst move lower and we will see that reaction.a: this raises questions about how much confidence you can have after it has underperformed in the u.s. even this unexpected interference. it raises a question on the commitment of xi jinping to the culture versus the economic backdrop. for a long time he has been trying to push the culture aspect even at the expense of the economy. and there is a feeling that there is a little more of a push and pull but not much. it shows it is still the cultural aspect reigning supreme. katie: that is also why you are seeing a big reaction. it seems like the narrative that started over the past couple of months or so, everyone came into this you're expecting it to be a great year for china's economy or better but that is not the case. there is some talk that would force xi jinping's hand. lisa: we are two hours away from the key data point of the date which is core pce. joining us right now is julia coronado. what do you expect us to see at 8:30 today and how much will it matter? julia: well, i thin
tencent, that is its worst move lower and we will see that reaction.a: this raises questions about how much confidence you can have after it has underperformed in the u.s. even this unexpected interference. it raises a question on the commitment of xi jinping to the culture versus the economic backdrop. for a long time he has been trying to push the culture aspect even at the expense of the economy. and there is a feeling that there is a little more of a push and pull but not much. it shows it...
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Dec 18, 2023
12/23
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thso-called platform compani like alibaba is a good example or tencent they are now recognizing thosees are important to tir what they're trying to do is, on one hand, they want the party to continue to be the powerfu center of economicctivity and economic picy. they don't like the idea and they are concerned about the idea as you have in russia of oligarchs anthings like that. they have squelchesome of the big companies. on the other hand, they have a lot of technologies and cabilities. they s we will treat you in a more constructive way,ut utilize your strength and digital power, in effect, to try to help some of the aller companies as parof the common prosperity thing and helping the smaller companies that are not doing so well. including private sector companies. i met a lot of private sector companies which you see a change in attitude. a most positive attitude toward them and including the big alibaba companies to be helpful. >> bob, we are almost out of time. your prediction for 2024 about the business climate there for u.s. and foreign companies and p relationship between the
thso-called platform compani like alibaba is a good example or tencent they are now recognizing thosees are important to tir what they're trying to do is, on one hand, they want the party to continue to be the powerfu center of economicctivity and economic picy. they don't like the idea and they are concerned about the idea as you have in russia of oligarchs anthings like that. they have squelchesome of the big companies. on the other hand, they have a lot of technologies and cabilities. they s...
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Dec 27, 2023
12/23
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we'll start with the video gaming companies like tencent holdings which gained in hong kong, tradingrkets reopened from the christmas holiday on monday and tuesday. so wednesday was kind of the first day. u.s. listed shares of netease and bilibili are lower in the premarket trade so far. they posed some big gains yesterday. big driver of the moves comes by regulators in china who say they will carefully study all the concerns of stakeholders with regard to the draft rules they proposed late last week that, remember, were aimed at curbing excessive online gaming and spending on the platforms. those comments were seen as a possible maybe softening of the stance from regulators in china. that's some of the maybe upside and bullish tone to some of the names. they have not gotten back what they lost because of the regulatory comments last week. >> our side of the pacific, shares of apple down fractionally after a small loss yesterday. some near term negativity c centered around apple pulling sales of new high end watch models, a patent dispute over technology use and track certain medical
we'll start with the video gaming companies like tencent holdings which gained in hong kong, tradingrkets reopened from the christmas holiday on monday and tuesday. so wednesday was kind of the first day. u.s. listed shares of netease and bilibili are lower in the premarket trade so far. they posed some big gains yesterday. big driver of the moves comes by regulators in china who say they will carefully study all the concerns of stakeholders with regard to the draft rules they proposed late...
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Dec 11, 2023
12/23
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their outlook was downgraded by moody's last week, taking down the credit rating outlooks for alibaba, tencentthe e.m. credit size. -- side. lisa: given how much money they could potentially lose and the discussion around argentina and this real question of what he can do with the hyperinflation, the dollar inflation, the cutting of all the bureaus of the government. is there a real sense of concern that this could leave a massive hole in the balance sheet of the imf? damian: it is already there, for all intents and purposes. milei was just inaugurated yesterday. he had the presence of a lot of -- chile, ecuador, uruguay -- there presidents were actually in attendance. he also announced the central bank chief, a proper selection to run the bcra. things are headed in the right direction, but more importantly, they will have to slash public funding and heart. the pain off the back of it will be a real issue. lisa: you raise an interesting question, the idea milei is getting the embrace of a lot of countries around the world that may pay into the imf, rather than, say, china. are you seeing the c
their outlook was downgraded by moody's last week, taking down the credit rating outlooks for alibaba, tencentthe e.m. credit size. -- side. lisa: given how much money they could potentially lose and the discussion around argentina and this real question of what he can do with the hyperinflation, the dollar inflation, the cutting of all the bureaus of the government. is there a real sense of concern that this could leave a massive hole in the balance sheet of the imf? damian: it is already...
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Dec 2, 2023
12/23
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we need a tencent refund on fruit, orange juice and milk jugs.ed to take the plastic label on the jug and move it to the cap and glue the label to the cap so it is around. host: did you have a comment on policy or political issues of the day? caller: i'm trying to get people to recycle their milk jugs. if congressman can put a $.10 refund on the milk jugs, they will -- you can get the cap off easily. remove the label from the jug. the jugs will be completely 100% recyclable. all you have to do is rinse it out three times, dry it, take it to the store and put it a machine that will be outside. you will get a receipt. host: speaking of environment issues, i want to bring in some news from the cop 28 conference. the climate summit, the u.n. climate summit happening right now and divide. earlier this -- in dubai. vice president harris representing the united states announced new financial commitments for climate aid to poor countries. [video] >> locally the united states as a leader in the effort to expand international climate finance. this year alo
we need a tencent refund on fruit, orange juice and milk jugs.ed to take the plastic label on the jug and move it to the cap and glue the label to the cap so it is around. host: did you have a comment on policy or political issues of the day? caller: i'm trying to get people to recycle their milk jugs. if congressman can put a $.10 refund on the milk jugs, they will -- you can get the cap off easily. remove the label from the jug. the jugs will be completely 100% recyclable. all you have to do...
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Dec 2, 2023
12/23
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we need a tencent refund on fruit, orange juice and milk jugs.ed to take the plastic label on the jug and move it to the cap and glue the label to the cap so it is around. host: did you have a comment on policy or political issues of the day? caller: i'm trying to get people to recycle their milk jugs. if congressman can put a $.10 refund on the milk jugs, they will -- you can get the cap off easily. remove the label from the jug. the jugs will be completely 100% recyclable. all you have to do is rinse it out three times, dry it, take it to the store and put it a machine that will be outside. you will get a receipt. host: speaking of environment issues, i want to bring in some news from the cop 28 conference. the climate summit, the u.n. climate summit happening right now and divide. earlier this -- in dubai. vice president harris representing the united states announced new financial commitments for climate aid to poor countries. [video] >> locally the united states as a leader in the effort to expand international climate finance. this year alo
we need a tencent refund on fruit, orange juice and milk jugs.ed to take the plastic label on the jug and move it to the cap and glue the label to the cap so it is around. host: did you have a comment on policy or political issues of the day? caller: i'm trying to get people to recycle their milk jugs. if congressman can put a $.10 refund on the milk jugs, they will -- you can get the cap off easily. remove the label from the jug. the jugs will be completely 100% recyclable. all you have to do...