this is bloomberg. ♪ >> we are watching fx.d a bearish set up when it comes how wall street was approaching dollar weakness in the mood from the fed, expectations of a pause seeing further downside, debt ceiling standoff, recession scenarios are the perils we are facing when it comes to dollar volatility as well. watching the other currencies, the hong kong dollar in focus as we had that defense of the currency peg, buying hong kong dollars in raising that base rate, as we see post every fed decision in lockstep with the fed tightening as it hits if that final move to 5.5% from 5.25%, to of course protect the dollar peg to the greenback. the other pair were watching, not just begin-dollar, this haven demand continuing, but watching the moves in australian -yen, wiping out gains from those decisions. that is trading as a macro hedge. shery: we are getting the statement from the bank of korea reacting to the fed rate decision sink they are closely monitoring markets as a volatility could increase. the gap between the fed stamps a

haslinda: byju's was raided by the fx authority. -- rated by the fx authority. what is the story?ya: last week, we closed a $250 million around. investors are betting big on india because the potential is immense. the reason is we have democratization, digitalization and decarbonization. we will be the world's youngest country. we will have 20% of the global workforce. this young population is our biggest trend. previously, investors would bet big on potential. today they are betting big not just on india, but on indians and education. haslinda: not long ago it was growth over profit, but the metrics have changed. divya: it is not one-size-fits-all. it depends on the stage of the startup. those in the early seed and growth stage would need to focus on growth. it is extremely important that you know that you can create awareness for yourself once you create that product market fit. and solve need at scale. that is what tech companies do, solve problem's at scale. the need society. you can't always make about profit first. as the company enters its maturity phase, it starts thinking

she stars in the fx series, "fleishman is in trouble," which is streaming now on hulu claire danes isheers and applause >> jimmy: plus, he's defending his title tomorrow at the wwe royal rumble, which you can watch live on peacock. the longest reigning wwe universal champion, roman reigns is joining us, tonight! >> steve: whoa [ cheers and applause >> jimmy: and we've got standup from one of my favorites cathy ladman is here tonight [ cheers and applause >> jimmy: i love cathy today is friday, and that's usually when i catch up with some personal stuff. i check my inbox i return some emails and of course, i send out thank you notes. and i was just - [ cheers and applause i was a bit behind i would like to write some thank you notes out right now. james, can i get some thank you note writing music, please ♪ [ cheers and applause oh, a stud >> steve: wow. mr. energy ♪ >> jimmy: thank you, the oscars, for announcing your nominations this week. i just feel bad for whoever had to tell "m3gan" she got snubbed. [ laughter and applause ♪ thank you, trying to make valentine's day reservations,

it's having an impact on the rest of the asia sf -- asia fx.kdrop of a weaker see and why -- cny, and also the view that asian central banks may be done with hiking. rishaad: just looking at the debt, credit, and corporate, what do you like in terms of issuance? what you take on dollar-denominated or local currency denominated debt? >> i think the real outperformer has been local markets, given the spread that he gave. also, the duration and the dollar view. what we are seeing is, given the fx in our region, weakening, what we are seeing is increasingly onshore bias looking for -- buyers looking for credit. the dollar yields are becoming higher. we are getting onshore given the outperformance on local markets. that's a place that is interesting. the other place that kind of stands out are domestic stories. as the world is looking for alternatives, what is going on in the u.s., china, alternatives are becoming increasingly, and domestic stories, are becoming increasingly interesting. india will be fairly good. haslinda: you mentioned how dollar

that is helping some of the em fx and the majors this morning.137 .66, the korean won strengthening by 0.7%. we are watching the dollar against china, now at 7.03. some news from the pboc, vowing to curb speculation. meituan launching the hong kong app today, byd talking about helping tesla yvonne: take a look at japanese markets just reopening after the lunch break. we are well above that 30,000 level, getting close to 31,000. we are back to the highs we have saw since 1990 when it comes to the nikkei to 25. seeing some decent gains, but certainly the yen strength might be weighing on equities. there are seeing 137.69 for the dollar yen, and we are watching what goes on especially when it comes to activist investors. rishaad: we have seen activist investors really gather, just below eight in 2014, and now i believe we have some in the region of about 70. this is likely to cause them to make a record set of shareholder proposals in japan this year. of course, the japanese bourse is trying to boost valuations. yvonne: and the reason we are seeing

jonathan: i will not make an fx call this morning. is almost mitigating a pause, rate differentials open up in a different way. tom: american oil is $68 50 six cents per barrel gets my attention. jonathan: bond yields are higher and rising by two basis points on the 10 year. much lower yesterday and the day before on the back of this banking stress. equity futures are -0.4% on the s&p 500. we get into apple earnings a little bit later on. we will look for that coverage in the 4:00 hour. joining is now is the ing bank's christopher turner. i look at the ballet and we are focused on a jay powell ballet of yesterday but the christine lagarde ballet is so different. how different is the challenge christine lagarde has given the turmoil? >> i think she will very much focus on delivering what we think will be the 25 basis point hike you been discussing. i think the message will probably be more hawkish than what we saw from jay powell last night. inflation seems to be more sticky in the euro zone even if they won't pre-commit for another 25

the company giving guidance, but saying fx could impact revenue tim cook saying we view a.i.continue weaving it into our products on a thoughtful basis gene munster, "fast money" friend, what stands out to you >> melissa, let's start with the guidance they essentially guided for revenue to be down 2% in the june quarter, the street was looking for plus 2%. there's a 4% fx impact there, sometimes investors factor that in, sometimes they don't it's a guide down any way you cut it, which begs thequestion of, why is the stock hanging in there, why does it continue to inch higher? and i think investors made up their mind going into this call that this is a generally good quarter, and specifically related to install base. and i heard tim cook mention it once, luca mentioned it twice, it's come up in a couple of questions, and they said that it grew year over year, 2 billion last quarter, 8% last quarter. they didn't give exact, but they said it grew their device revenue is down, call it 5% and that is usually a good indication that people are holding onto their devices, getting mor

the fx market is one to look at. euro-dollar, 1.075. lisa: that could be a macro driver.on at the wall street journal ceo summit. she pushed back against questions around the exit date? this to give us something more concrete about when the u.s. will be able to -- be unable to pay their bills and could that expedite drama? some people it is already there and others disagree. we do get a fed meeting minutes at 2:00 p.m.. you can get a sense of that, also richard clarida to speaking and then christopher waller at 12:10 p.m. at uc santa barbara. to the lien into the idea that a pause is a pause and not the beginning of rate cuts? we are getting colds earnings, abercrombie & fitch in half an hour. american eagle outfitters after the bell. we expected video to be key -- in video to be key. coles, the estimate was a loss per share of $.40 and they are spiking up about 10% in premarket trading perhaps because the company got so beaten up before. jonathan: never been. lisa: i used to go in milwaukee when they would visit family. it has some good deals. jonathan: thanks for that.

it wasn't just because of their show on fx, younow, daingnvesten riety and i like to see wrexham wrexham. maybe they can get promoted even again. and then maybe again. how many premier league ah, these bills are crazy. she has no idea she's sitting on a goldmine. well she doesn't know that if she owns a life insurance policy of $100,000 or more she can sell all or part of it to coventry for cash. even a term policy. even a term policy? even a term policy! find out if you're sitting on a goldmine. call coventry direct today at the number on your screen, or visit coventrydirect.com. 10 100 or visit coventry direct .com. happened, starting with a special delivery on highway 60. this happened, of course in florida. hillsborough county sheriff master deputy daniel read. jones was pressed into action when a driver is state of panic told him his wife was about to give birth without hesitating. jones leapt into action helping the mom. it only took a few minutes before a healthy baby girl made her big debut. all right there along highway 60. it was deputy jones is third time assisting with the de

we spoke to the head of fx research at anz bank in australia.s a sort of vote of confidence but we have to look at the interest rates, deeply negative... currencies like the lira, we have to look at the foreign exchange reserve. in the short—term, the strong tourist season can boost this. at the end of the day, political stability is a big driver of capital flows so hopefully this will give investors some hopes, particularly foreigners into the currency, but we have to watch how the market reacts. almost three quarters of organisations in india were hit with ransomware attacks last year according to a british cybersecurity firm, which warns of a huge uptick on the previous year. for more, let's go to our india business correspondence. how does india compare to other nations when it comes cyber attacks? it’s it comes cyber attacks? it's much higher _ it comes cyber attacks? it's much higher than _ it comes cyber attacks? it�*s much higher than the global average of 66%. just like you pointed out, around 75% of indian companies have faced ransomwa

called for a snap election after heavy losses for his party in local and regional elections in the fxarkets, the u.s. dollar hit a two-year high the euro trading weaker against the dollar 106.97 the u.s. dollar down against the yen. the japanese authorities meeting this morning financial services and ministry of finance and bank of japan discussing the international markets. 140 level is something to watch. sterling is stronger against the dollar at 123.59 we have wti down 1.2%. brent is down 1.4% we are trading $72 and $76 we have all three major notice u -- majors in the u.s. looking to open higher at the end of last week, the story was the chipmakers soaring. we will see if that is the same theme for this week. >>> as you were talking about spanish prime minister pedro sanchez, he called a snap election for the losses in the coalition regional ballot. we have charlotte in madrid talking about the fallout of the regional elections and big decision taken by mr. sanchez yesterday to hold early elections. >> reporter: the parliament is dissolved after the snap election announcement by

have a great day os-fx evy day. icly os-fx evy day. and continues to improve over time.lex. find our coupons in sunday's paper. ♪ ♪ someday i will be living in a big old city. >> welcome back. this is taylor's version the grammy winner will release expected to >> take a look at big stories following on this sunday morning happening right now. another mass shooting. this time outlet mall in texas. eight done stand seven in hospital after police say shooter step out of a sedan at >> also right now, judge given former president donald trump 5 p.m. today to change his mind and testified in it definition acquisition departments are adjusting room 1990s. quite the unexpected visitor in middle of night. home surveillance video caught a coyote walking through this home. it got into the doggy door. the animal exit the same way after the family cat made noises waking someone up and scaring off. cats are good >> that coyote did not stand a chance. g] e us from london. good morning. yesterday there were protests. today in the uk growing criticism about how the police shut them down

dollar looking stronger across most asia fx. year-to-date lows for the renminbi, getting slammed not just from the dollar stripe of china fears as well continuing to see a follow-up when it comes to copper and steel. rishaad: we had nvidia blowout earnings coming through their, also second-quarter revenue forecast ahead of estimates too. there we go, this is the reaction we got from chip stocks in this part of the world. sk hynix, 4.9%. nvidia is still bullish as well and stock is up 25%. yvonne: nvidia will eventually be bigger than apple. this is the new fangs she is talking about and nvidia position when it comes to ai to drive and ride this new transition we are seeing intact. rishaad: let have a look at futures, the nasdaq, asian futures, one point 4%, languishing again. s&p futures down for two days in a row, and looking at those other futures, negative. we can have a look at u.s. treasuries as well, 14, 15 basis point move up for yields. 16 points up, 4.4% yield on the two year after this warning is coming at fh. yvonne:

flat in the early months of trade but a lot of the attention focuses on what we were seeing in the fx space because we saw the greenback trading fairly range found in the early part of the session but keeping an eye on the yen as a safe haven and there are more commodity linked currencies like the aussie dollar. >> south korean president -- the south korean president and the japanese promised or have helped their third summit in two months. they had talks after visiting a memorial for korean atomic bomb victims in hiroshima. a first display of unity between american allies as they confront north korea. neel kashkari is open to skipping a rate hike in june. he told the dow jones it would give them more time to assess the effect of rate hikes and that he would object to any assertion that they are done raising rate hikes. the philippines finance chief is not expecting food prices to spike even as the country braces for the el niÑo phenomenon. they say that the extreme weather pattern is expected to only cause a slight drop in price and court output. he expects they will experience a wee

kind of ambitious television that hbo had creatively pioneered, which was when cable channels like fx amc got into the original programming business. and they're willing to take chances on shows like "mad men." and then "the walking dead" was an extended preacher feature. "the walking dead" on amc was a gigantic zombie show at a moment when people were loving zombie things. >> "walking dead" really captured everyone's attention. it just has this explosive moment across social media. people can't stop talking about it. because of that, amc kept renewing it season after season. >> it was a show people responded to because it was gross and terrifying and fun and visceral in all of those ways that "mad men" is cerebral and precise. >> the blissed out, crossed leg don draper, eyes closed up in malibu, it's just a landmark moment in television. but the other great moment people remember is peggy olson striding in like a badass. there's such a sense of f you to it. it's really powerful. >> amc was no longer american movie classics. what they stood for was quality programming. >> we went to a

manus: fx calls and a little bit of hedge trimming.hristian, thank you very much, head of fixed income for affects union investment. we had the announcement from ubs. the leadership team is formed for the merger with credit suisse. it will be completed in the next few weeks. the details to come on bloomberg. ♪ dani: let's get your first word news. standing by his adrian wong in hong kong. >> senate republican leader mitch mcconnell says he won't come to president biden's rescue on the u.s. debt limit by breaking the partisan deadlock. he said he told the president privately it was up to him and house speaker kevin mccarthy to find a solution. both sides face pressure had a meeting later today between the president and congressional leaders. meanwhile, china's export growth slowed last month while imports plummeted adding to pressures on his economic recovery. according to official data, imports dropped much worse than the projection of 042% -- 0.2% decline. export group due to bearable comparison to last year when much of the country w

yvonne: let's get with their fx produce out of singapore.ollar is out of play now that we have for that deal rushed aside we have a deal with the fed that is seemingly hawkish of late. >> there is a little bit of room for the dollar to appreciate but not much more. the reason being this hasn't told expectations for rate cuts next year. two weeks ago, they were pricing 325 basis point rate cuts, now they are only using one. that one could be a move potentially if we look at the u.s. employment data this week, and the ism data. if it is removed, that would give a bit of upside to u.s. dollar but because the market is now pricing a lot more in line with what the fed's indicated, the upside may be more limited. there might be a little bit of upside to go. what it needs of the dollar is to keep rallying is help from the pound or euro. it would need those to weekend or weak data. cpi data will be closely watched, if that comes in lower than expectations that expectations for ecb rate cuts may fall under. that would weaken the euro and add to dolla

everyone will benefit from fx normalization. att transition and transition to reels have definitely had material revenue head winds both were normalized this year and give them some relief. i think we saw the front end of what we'll see the rest of the year i think it's better than that. it's not just compact winds that normalized, they have a real product story here that i think is generating a lot of interest in two fronts -- advantage plus and the reels monetization ramp. >> for those who say it took you long enough to come around, you're still comparing it to the beginning of '22 versus the s&p, right? >> we're looking at forward 12-month eps, consensus eps ex-cash. it still trades at a modest 5% discount to the market multiple. i think that's going to reverse and it will get a premium as revenue growth starts to reaccelerate here. >> doesn't it -- don't you wish you had done this earlier? doesn't it feel a little late for this call? >> yeah. we were -- we were surprised by the amount of cost-cutting let's -- let's be clear

i think fx did so much good work that it moved television forward.ir brands. and a lot of how you expand your brand is with a really, really good scripted title. sundance tv had rectify, a show that i will always tell people to watch. it's a contemplative show that's a meditation on faith and spirituality, about a guy who was on death row for 20 years, and gets released, and is traumatized to see what the world looks like. shows like that get to exist because things keep expanding, and there keep being room for more ideas and for more different versions of what quality looks like. [alan] cinemax had always been the less-respected little brother of hbo. people called it skinemax. and rather than try to compete with what hbo was able to do on sort or a high-class level, they start doing these action shows. [daniel] these are great, elevated, b-movie tv shows. and then sometimes cinemax struck gold, like the knick. you turn a block of programming over to steven soderbergh, and in this case, it was brilliant television. gentlemen, atomizers on. everyone

request that was the head of fx research at anz. let's get it check of the latest headlines now.trial firms kept falling in the first four months of the year, undermining cooling demand in factory gate deflation. industrial profits fell 20.6% on the january to april time from the same time in 2022. however, profits for april were up 3.7% from a year earlier compared with march's decline of about 19%. jon ferro says the sector may be the next beneficiary of the foreign relationship with beijing. they expect china to remove 80% of his tariffs over the next few weeks. according to the latest science, ties between australia and its top training partner are on the mend. beijing lifted its ban on australian tender. the indian prime minister has inaugurated -- about a third of the country's federal lawmakers including those from the opposition congress party what kind of the ceremony. criticisms linger that the building is a vanity project. giorgia meloni says she has yet to make a decision on the role in china's program here. the government still evaluating the matter. it is still too

you say that both men and women should armed themselves against those fx fx which witness markets being res. properties being new to government institutions being destroyed. but many people are criticizing him now. he has an army, he's a, he's a former rebel. good, that's fine. he's deal with the government in 2020 and has a large force. so many people are saying that he should also play a bigger role instead of calling on people to arm themselves. and that's as a governor of our for and as a person with on group i'm on spices. you should protect the people and are for you . but thank you very much indeed that's about and bringing this up to date from on demand. and he's one person's being killed and several have been injured in jones drives and then ukrainian capital ukraine's military. it says it done 50 to the 50 for wash and drones that were launched over night. regional officials that say it was the largest joint attack in the city since the beginning of the war. the man has wanting people to stay in doors and saying that to be more attacks by phone ma want is closing in the philip

then to ukraine so that by that time we have decided how many ukrainian pilots will be trained for fxnd to know in detail when it will be andriy thank you very much andriy dobryansky director of communications about the ukrainian congressional committee of america when it really comes to when he goes to receive such a decision at 16, i will remind you only briefly what , for example, dmytro kuleba, if in the ukrainian diplomacy, he also evaluated the perspective, said that sooner or later it will happen simply the question of time, the price we pay every day for this time, more on that, he has never given an interview to anyone, the first with whom he agreed to talk on camera was our colleague lyudmila dobrovolska with the young officer hero of ukraine, commander of the battalion of the 80th assault brigade, volodymyr in hutsul, they talked about how our paratroopers gained positions in the kherson region in the first days of the war for the liberation of the kherson region and about the battles for belohorivka, and also about how the ukrainian maroon berets destroyed the myth of the

you will see as well the the guy, big fx, the i guess we can use to electron garden and visually appealing, oh push on. is it okay because the q as in the, at the it was a non bash is in a say is then the yeah in till the she or a but they should be on lots of stuff and it is in a box that is using it is roger it up to newman since 90 funding it was one portion of it ever yeah. he, he was it for the uh mm hm. mm mm. mm. mm. oh it you the the, the who did you have a fine because it was only 2 days after you gave birth. it is about child is the 2 because you are used to to the, to the still the audio. oh that is beautiful. they will show up in the bottle of usage to, to come, come, come the copy on the i need to launch the, it's done. but if you try to come up with them, you know, that would be perfect to some students or the advocates which consists of the gas station, the stuff back. as soon as they get to the top top, you will need to update your last time you took the course in the back just well, let me try to see if it's a little it's off. is it? she's still sick because we have somebo

fx on a global basis probably is the most compelling.f you think about credit in the u.s., credit valuations are on the rich side. i think mortgages look more interesting than credit. and i think it is a hard debate people have of, you want to rent the income and credit, but if and when things break, credit will break, as well. katie: joining us now, winnie and matt. i know you are head of credit strategies. maybe a little bit biased. when you think of those comments, you think of credit in relation to other asset classes, matt, is this a market to stay away from altogether? matt: and i think you have to differentiate based on timing. in the short run, we are in the q3 recession camp. we think it is a mild recession. we would agree with the view that interest rates, the short end of the corporate credit curve and arguably other safe haven assets are probably more attractive from across asset perspective. having said that, we think the recession is mild. we have the fed cutting aggressively starting in the fourth quarter. the silver linin

to the practical measures in order to attend the united nations security council resolution and to fx shopping for an order. for the 2 enables depend a city and people restore their rights. the fact that i mean also in those things that they get a sudden handed down by the general assembly of the united nations. one of the cleaning, again is the collective punishment, the major sticking against the palestinian people. this came after the general assemblies sold. my legal opinion by the international criminal court as area continues to check on the collective punishment measures taken against the palestinian people, quoting for an immediate and on the other hand. and in order to prevent the outcomes of julia, summit of quotes from confidence was headed in order to continue to accept press studies attitude to our people in there is a reading on daily basis under the aggression most of the violations and violence act by the israel is on the front us to anyone who does that to you. of the much, the visa and expiration for susan continued to escalate the measures. namely, the belligerent i

and when he had pointed fx.

fx's class of 09. streaming may 10th only on julia for a little while. grandma stay as long as you want. all right. how about this little left? okay? better on you. beautiful. oh, for the life you're making at sea has it? when you have chronic kidney disease, there are places you'd like to be. like here. and here and here. not so much here. if you've been diagnosed with chronic kidney disease, farcical reduces the risk of kidney failure, which can lead to dialysis. farcical can cause serious side effects, including dehydration, urinary tract or genital yeast infections in women and men and low blood sugar. ketoacidosis is a serious side effect that may lead to death a rare life threatening bacterial infection in the skin of the perineum could occur. stop taking far sega and call your doctor right away if you have symptoms of this bacterial infection and allergic reaction or ketoacidosis, and don't take it if you are on dialysis. put yourself in the driver's seat. make an appointment to ask your doctor for farcical for chronic kidney disease. if you can't

they had off the injury fx. this like the live a from our international news center in mosca. this is our see. welcome to the global news. ross is a farm, is a live room says a president, clinton is interested in a piece initiative, propose vice south africa as a result of the clean conflict. and so a lot of what made those comments alongside of the government count upon as russia strengthens its close partnership with african nations or so. so, and you got the word and you're not done with the opinion from us. it's not ready for any constructive action for resolving the situation and ukraine. they themselves had been creating the situation for many years with their strategic course, to counteract the objective formation of a more multi polar world to preserve their own head, your monique, and to force their will upon everyone else using ukraine as an obedient tool. regarding south african liter rema forces initiative, he contacted president prison. our president replied that he is always ready for dialogue with our partners. course sincerely interested in ensuring that there

team is already the price that in so he will lead to the ability to do it, have to be able to keep the fx. 2 uh, sort of exchange rates in check, otherwise the, uh could be looking get a major evaluation of the local courtesy focus. yeah. against the other right after the elections and even during this time up until the run of the i see central bank and state own banks already need to beating in the tax markets. so keep the list paper president had one set that his policies were meant to promote economic growth . he's been swimming against the tide of a market opinion. is there any chance that that he could actually be right the, the given low end of its policies could pay off? or, as you say is thinking, i have to re think if he wins the 2nd round. i think he would need to re adjust this economy policies regardless because yes, he has to be in a sort of market testing his um and also those policies to be able to boost scroll. yes, turkey is projected to rome and i'm 3 percent this year according to the these latest projections. and that, that is significantly below that 546 percent, that

every currency pair in fx is down. let's move on to individual movers. cisco is up 5.3%. they are seeing a 20% drop in business. alibaba is also off by 3.8 percent. they are not harnessing growth in the cloud area. we will dig into that later in the show. net flax -- netflix is up. they showed growth and went to upfronts where they pitch to advertiser of the content coming and people liked what they heard. let's dig in to the top news agenda, tiktok. from january 1, banned in montana. the legal battle in the state and the social media company is already facing heavy scrutiny. joining us more, bloomberg's reporter. montana has said insight into a bill that would restrict the gap but the honest would be on tiktok and the app stores. who would be fined $10,000 a day for every day that tiktok is made available. it's unclear how they article you to enforce it and this bill will face a legal battle. can states to limit an apple while the federal government has been looking at it, something like this is unprecedented. the company told us this is a regulation on free speech. we h

and the edna is yeah, resulted in the fact that there's a whole series of slides or fx at the end, or we just community can plan essential role in that you in peace steering board. today's topic reminds us of the security council as it is less than to make conflicts. resolution is pause post filters in order to achieve at the signatures or just the gamble. and i now give the floor to the representative of the bone then tell them so. yeah, the question of, i think the, the, with the, the robert, there's for the briefings. the freedom of religion is a fundamental human. the right. you told me that additional freedom of religion is enshrined in the universal declaration of human rights, being international, coming in on political end, the religious rights and the declaration on the elimination of all forms of discrimination on some religious affinity, accepting freedoms, and believes so would it be as need to be the resolutions that sorta adopt us is that on fighting stigmatization discrimination and the violations of religious freedoms and the u. d. violence against the people on the gr

difference between the are to apply you packed on m 2 am i going to start all of the 2nd important of the fx metric, which they're focusing on is kim, on color settle, who wants to bring back the parliamentary system and this idea is supported by his followers and the other parties within his alliance. but i just think that dawn broke the presidential system and not the 1st time years to, to you does not have a prime minister. so officer to collect federal a lots of changes will come with a going back to parliamentary system. parliamentary system was something criticized by a dorms call ition as each was a clash as a pilot. and it was starting the policy making process. 2 so uh, but on the country, the colors that oldest l i n s t that this presidential system is kind of one min state. so they are just the opposing the system and promising cherokee citizens who are watching for them to bring back parliamentary system. and let me ask you this, how could things potentially unfold in the elections if the outcome is not recognized by either losing sight? he had the supreme election council and t

joining us is the head of european fx research.this that pavlovian urge to seek shelter and the dollar playing out? >> absently. attic we have seen this time and time again we get that uncertainty. the volatility potentially picks up. that really does boost the dollar from that safe haven perspective. when you look at the broader macro backdrop and framework, we have seen that in the u.s. and this part of the world. there has been a divergence. that suggests the dollar should tart -- should start to resume. for the time being, the noise remains quit loud. it will create that environment. >> we hold on for dear life in this bumpy ride through the debt ceiling. our blog would say gold is our haven. if i fade the dollar rally, maybe that is my opportunity. do i get to pick up some and start at cheaper levels? >> absolute. if you take the base case being that the debt cylinders get resolved, if we take that as an assumption, the growth momentum in europe and the u.k. is pretty resilient. much stronger than a lot of people have been fea

uh, fx uh, the residence effect. the civilian, those in arm civilians in their homes were talking about uh uh, an area of 365 kilometers with over 2000000 people in that area. buildings uh, very adjusted to each other. refugee counts that are crowned and, and crowded with people. this is how the situation is. it's always full of fear and worry for the people here in every single round of escalation. you have no, thank you very much indeed that seem to all sides in that guys said we're going to go to southern israel. i'm going to speak to them law susie, i saw on zillow. you're on the other side of the boat offensive, separates israel from guys, or we were just seeing pictures there. all the rockets that had been fired from guys that you have been where the rock is actually being passing over, talk us through what's being happening, what the latest situation is. well, room for the last couple of hours we had relative calm early afternoon. there was a huge number of rockets firing from different origin points in gauze

the look out, or i, robot, i'm sure no tech can possibly replace the rob reynolds live inside the car fx el salvador is abi has surround to the northern town with suspected gang members killed, a police officer on choose day one and 5000 soldiers and 500 police officers have been deployed in the way of a concepcion to find those responsible. the officer is the 4th to be killed since president nipple. kelly launched a crank down of gangs lost the columbia as president has said, there's no confirmation that the 4 children, including a baby who disappeared on the plane crash and the amazon have been rescued. well, the 2 weeks ago, the plane to call from a rob, acquire a deep in the amazon jungle. it was supposed to fly to san jose del guava lara, but it came down to the municipality of solano de cats, up provence. the rescue teams have found items they seem to belong to the children in the jungle, as well as a makeshift shelter. this led them to believe the children escaped and set off into the forest to find help as being an extensive search by the ministry. 3 adults including the pilot, a

may 10th called "class of 09" you can see it on fx.o meet you. i love everything you do, i will tell you the thing i have seen you most in, i'm obsessed with "shooter." last from the past. >> but when it comes to films, i love action and i had to tell you, i literally watched that film 39 times. >> it's so weird i shot it 100 years ago and it's on tv. >> who has been watching this. >> it's me. >> is it true you used to be really shy, you used to give your mom notes and not talk about it? >> i was so shy i had a hard time expressing my needs or my desires. and my mom was the best whomever, used to leave me little notes on my pillow at night saying i love you, good job today at school. so, i thought, well that's a way that i can get what i want without speaking to you. like slip things under her door at night. i really want that barbie or whatever, then it became sort of more complicated like when i turned i think nine i would write i really want an agent. she was like i have no idea how to get you an agent. >> that young, that's incredi

the second derivative is fancy fx talk for acceleration.curves in foreign-exchange. is it convexity with instability, or are things unraveling when you look at 42 currency pairs? >> i don't think that they are unraveling. it is most likely about people having very low conviction. one of the reasons that people have refrained from the trades that we went through in q4 and q1 has been china. there is no question. the april data that came out of china was broadly based and very soft. i think that everyone is revising lower global growth expectations. there is a nice chart which we produce the latest piece that basically shows you an amazing correlation between euro-dollar and u.s. the rest of the world expectations for 2023. the first nine months, it moved in favor of the u.s.. euro-dollar was going down. q4 and q1 it moved against the u.s.. now it has stabilized and is spiking in favor of the u.s.. there is some resilience in the u.s. data. potentially, coupled with the understanding by the markets that the fed may not actually overdo it. tha

in terms of the fx markets, the dollar index on the rise we will keep an eye on the dollar as well ashe other key currencies we hope to get a check on it let's flag this action in gilt markets yesterday. jim reid noting this was highest since liz truss was pm kme comments from the deputy governor they may increase sterling is holding steady against the dollar at 124.25 we have come up from where we were euro is trading firmly up 14 basis points at 107.84 against the dollar dollar weakness against the yuan and yen. we have green on the board for all three majors similar to what we see here in europe this morning. yesterday, we saw all three of the u.s. markets gain ground nasdaq gained 1.5% tech in the s&p gaining 2% yesterday. utilities were the laggard keep an eye on the debt ceiling negotiations >> we will have comments from jay powell and christine lagarde. they will be speaking on panels this morning >>> there are more signs at the fed with dallas fed president lori logan voted to skip action at the july meeting if the data trends that way. on the opposite end of the scale, phil j

what i just so you don't you like what fx news on basically newly added them. you need them this and you do, i think was a use of them that is with your daughter the lot. i mean, i know you're good then go your been bullying with i'm getting in 20 years into was it wasn't a to say the allies had some positive good. this of i'm, nothing's done before. so the you get a negative and if not, when you go, you can go good. good. yeah, i don't think it's good that i want to die among one of the best way to to put the witnesses level of benefits that have been since you may be the one for you since it's in. so since this and this isn't something new, you know, a set an appointment that i know when i stand up for me, the numbers i want, i want to miss out a way, especially in ways that i got the thing i'm going to be sending out. they don't make me what do i need? it? just shoot me job. why didn't go to? yeah. the lady got really saw what i look and did you moving into the news? you know, those are you, as soon as one of them went into which i got no little one in the b

in terms of fx trade, the u.s. dollar gained 1% over the course of the week.ow the euro is holding steady against the greenback of 107.34. sterling is at the flat line against the dollar at 123.45 u.s. futures we normally don't give you these on a public holiday. a lot can happen between today and tomorrow given the debt ceiling news, we thought it was worthwhile. di dow jones industrial average is looking at 100 points jump at the open nasdaq also in the green >>> spain's ruling socialist party returned losses in the regional and local elections this weekend the party managed to hold on to 3 of 12 regions holding elections and the rest, including the former socialist strong hold of valencia, likely taken over by rivals the people's party the social scientist told cnbc said the election results create more uncertainty >> the campaign was not particularly nice. there were a lot of personal attacks and this is what it was suspected to happen in the next few months now that the conservatives vote was so strong, i'm not sure what will happen now because probably t

india, they faced fx headwinds at the top line and bottom line, which they expect to dissipate on theottom line going forward. but india, india, india, and were smartphone demand is just not there. guy: why is apple so difficult to call? is it because of that increasing dominance in the emerging markets within their numbers? everybody was expecting this to be a difficult quarter. apple, in some anyways, should not be volatile but it is. ed: remember in the december quarter how impactful supply chain snags were. the never that caught my eye was the inventory days being more than 12 days of inventory, the highest level since q1 2019. it looks like they have got the ability to supply those products that are in demand. that was one factor. the demand seems robust. services with another bright spot. however, it is still a unit that grew year on year around 5.5%. particular strength in china on services. it is the key stat that globally, the devices hit new records. if the iphone is great, their seeing pockets of demand and other places. in the asian market, two thirds of watch buyers, one

[laughter] yvonne: you are seeing a bit more pain in the fx market, the thai baht, the aussie, chinese yen. are we looking at the renminbi now close to a seven handle? >> it's a very big week. we have a huge option expiring at 7:00 friday and the bias appears to be for that you want to go slightly higher but it could be a real battle. the option people will be trying to protect themselves and they don't want exercise on the large option so you could get into a fight. if we get any hits and using is coming on friday, if speculation increases it will be negative to the yuan and we could have a finish by the end of the week plus you factor in the fed speak which has been hawkish the last two days. they actually sound as though even if they pause rates in the next meeting, it will be hawkish, not dovish. so the factors supporting the u.s. dollar a reasonably good and that will not help the yuan either. >> it is crunch day in some ways for the meeting about the debt ceiling and then biden heading to the meeting in japan on wednesday. >> we know there is some wiggle room because the treasury