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May 5, 2024
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we heard this one from westpac today. the market is expecting a similar story there. that is helping to prop up share prices of course but if you look at some of the analyst ratings, in westpac's case, six holds, six sells suggests tougher times ahead. >> that was paul allen in sydney. warren has praised apple even after reviewing he has cut his stake in the tech giant. they disclose the move during berkshire hathaway's annual meeting in omaha, the first since the death of charlie munger. let's bring in sally who brings our finance coverage in the americas and this does not seem to be any sort of shift in thinking around the invest ability case of -- investability case of apple. sally: apple was a really big talking point in the annual meeting of berkshire that took place on saturday and it was the first question out the gates. why did he cut his stakes? the greatest product ever made. he said the business was even better than american express and coca-cola which are two other businesses he owned and he said that apple will likely remain berkshire's top holding until
we heard this one from westpac today. the market is expecting a similar story there. that is helping to prop up share prices of course but if you look at some of the analyst ratings, in westpac's case, six holds, six sells suggests tougher times ahead. >> that was paul allen in sydney. warren has praised apple even after reviewing he has cut his stake in the tech giant. they disclose the move during berkshire hathaway's annual meeting in omaha, the first since the death of charlie munger....
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May 6, 2024
05/24
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also watching westpac as well. we have those numbers out. a real mixed bag because we have the big buyback with the dividend even as profit continues to decline. the buyback program was boosted and investors got that special dividend, offsetting the profit that met analysts expectations. to the income down 2.2 billion u.s. dollars. >> coming up, we are at the bnp paribas second annual ev and mobility conference in hong kong. the deputy head of global markets joins us exclusively, next. this is bloomberg. ♪ >> bnp paribas is holding is global mobility conference here in hong kong and it brings together influential industry figures and market-leading analysts to discuss the future of ev's and its cross over the event where our chief north asia correspondent, stephen engle, fresh from the beijing auto show and standing by with our first guest this morning, steve. stephen: i have been totally on the eve the front, coming back from the beijing auto show and it was an eye opener to see the chinese ev makers and how much they have advanced techno
also watching westpac as well. we have those numbers out. a real mixed bag because we have the big buyback with the dividend even as profit continues to decline. the buyback program was boosted and investors got that special dividend, offsetting the profit that met analysts expectations. to the income down 2.2 billion u.s. dollars. >> coming up, we are at the bnp paribas second annual ev and mobility conference in hong kong. the deputy head of global markets joins us exclusively, next....
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May 29, 2024
05/24
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we are of course getting the westpac leading index seeing just a marginal decline at this point. mostly unchanged, 0.03% month on month. annabelle: fairly quiet so far in parts of the equity market but more of the action coming through perhaps in bonds. as well as moves around the dollar. here we are tracking the japanese yen around the 157 mark but take a look at this chart here because you are seeing the japanese yen versus the british pound today. you at a level you have not seen going back 16 years. the weakest since august 2008. it is really that bet on a stronger pound. there is that view developing that the boe is going to stay higher than longer -- higher for longer than most of their peers in g10 countries. and the boj, yes, perhaps appointing a path ahead for some rate hikes but still very early days on that front. you have the japanese yen against some bigger crosses this morning. the japanese yen versus the u.s. dollar at 157. haidi: let's get back to watching the investment conference getting underway in singapore today. it is one of the largest investor conferences
we are of course getting the westpac leading index seeing just a marginal decline at this point. mostly unchanged, 0.03% month on month. annabelle: fairly quiet so far in parts of the equity market but more of the action coming through perhaps in bonds. as well as moves around the dollar. here we are tracking the japanese yen around the 157 mark but take a look at this chart here because you are seeing the japanese yen versus the british pound today. you at a level you have not seen going back...
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May 1, 2024
05/24
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westpac is potentially seen announcing a special dividend as well. banks generally have been doing pretty well in this era of higher rates. historically it is pretty high and we don't see any change from the rba coming soon with inflation remaining sticky in australia. that stock is up 10% year-to-date to date and it has been outperforming the asx more broadly. going forward there are three buys, eight holds, and citi moved all of australian banks to sell. macquarie say on the macro backdrop for banks is about as favorable as it gets. could be interesting to see how they do at the open in just a few minutes. annabelle: that was paul allen in sydney. we are getting the meeting minutes coming through from the boj. from march. this is where we saw the boj raising its short-term interest rates to around zero to 0.1%. they have been in place since 2016. what we are getting from the meeting minutes is essentially at least one member was saying they should begin normalization. the question is when we are going to see future boj rate hikes. they are also say
westpac is potentially seen announcing a special dividend as well. banks generally have been doing pretty well in this era of higher rates. historically it is pretty high and we don't see any change from the rba coming soon with inflation remaining sticky in australia. that stock is up 10% year-to-date to date and it has been outperforming the asx more broadly. going forward there are three buys, eight holds, and citi moved all of australian banks to sell. macquarie say on the macro backdrop...
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May 5, 2024
05/24
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they receive money from liberal new york foundation called westpac which is the name again, george so use donated at least one 30,000 dollars to the icps parent organization funded by a network of nonprofits including george soros himself and at least three colleges protest encouraged by paid radicals who are fellows of another source group called the campaign for palestinian rights. the group thousands of dollars return for spreading eight hours a week organizing campaigns led by palestinian organizations. they are trained to rise up to revolution. >> radical groups receive at least $300,000 from soros open society foundation since 2017 and took in 355,000 from the rockefeller brothers 2019. >> the rockefeller and this guy, a retired investment banker who dedicated wall street fortune to pro- palestinian causes have been critical to the columbia protest i have kicked off copycat demonstrations. when you follow the money and we are, one thing is clear -- none of these wealthy liberal donors have the best interest of americans in america at heart. what's even worse is actions are gaini
they receive money from liberal new york foundation called westpac which is the name again, george so use donated at least one 30,000 dollars to the icps parent organization funded by a network of nonprofits including george soros himself and at least three colleges protest encouraged by paid radicals who are fellows of another source group called the campaign for palestinian rights. the group thousands of dollars return for spreading eight hours a week organizing campaigns led by palestinian...