yvonne: singapore's prime minister speaking exclusively with bloomberg's editor-in-chief at the bloomberg economy forum yesterday. certainly, that leaves to the discussion, and bloomberg opinion has talked more about what this means for the future of singapore and how they manage all the foreign policy that we are seeing out there. our bloomberg opinion columnist joins me now. you talked about singapore being this oasis of predictability when everywhere else is a bit chaotic. how are they managing these two wars going on? and the u.s. and china tensions? >> it is a difficult time for singapore, given the fact that externally, there are all these pressures that it has to face, not least the fact that the two great superpowers at singapore always would like to be friends with everybody, it is difficult when two superpowers are not talking. it is great they will be talking in the next week or so. but withstanding that, you have tensions in the end specific -- in the indo pacific, and we mentioned the tensions that the prime minister of singapore referred to in concerns on how that might spil

this is bloomberg. ♪ lizzy: welcome back to bloomberg daybreak: europe.t's coming up to 6:17 in the city of london. i want to take you to shocking climate news. in kenya the government is raising alarm as flash floods sweep across east africa. 76 people have been reported killed and 40,000 have been displaced from their homes since the rain began last month. we are joined by bloomberg's correspondent who is there. how extensive is this damage? >> like was mentioned, lives have been lost and people have been displaced. initially it was just in a particular area that was affected, but now the damages extending across the country. 48 out of the 37 countries are now there. we are seeing 17,600 acres of farmland being affected by the flooding. this will put a dent in the progress the country is making in agriculture. we just saw it expanded by five point 8% after contracting in the last consecutive quarters. the rain damaging farmlands will put a strain in agricultural output towards the end of the harvesting season. infrastructure has been damaged, roads and

this is "bloomberg technology." caroline: full coverage of openai as investors seek to reinstate sam altman as ceo. more ahead. ed: we will preview what to expect from nvidia. with a ixl it is expected to drive a sales search for the company, we have all the details. caroline:'elon musk's x sues media matters. we will discuss that in so much more throughout this hour. let's check in on the markets that have been entering overboard territory could such a run of over the course of november. we take a pause after nvidia's earnings. 20-year yield coming down again. this was a successful option -- auction yesterday. we are not seeing any sort of panic or flight away from certain risk assets. vix index down a little bit. volatility in the fury next showing at the moment we are sanguine. have a little look at what has been happening in terms of the world of crypto. the dollar has been relatively muted on the day. we are still $37,000. idiosyncratic news around cryptocurrencies -- four vimpelcom crack it.-- for example, kra

this is bloomberg technology. this is bloomberg technology. (sfx: stone wheel crafting) ♪ the biggest ideas inspire new ones. 30 years ago, state street created an etf that inspired the world to invest differently. it still does. what can you do with spy? ♪ >> this is an individual hp 100 gpu, nvidia's ai accelerator. it's not just a chip that comes out of a planned. >> its training ai models are likely d gx h 100, nvidia ai's supercomputer. >> >> eight h 100 gpu's combined capable of a quadrillion floating point operations per second. it is a server design and this is what it looks like under the lead. it starts with an h 100 gpu in the form of an xm xm model. eight are typed with heat sensors to dissipate heat. they are connected on the baseboard by inter-connectors. that are simply ways 60 pounds. add cpus and other components and a finished system weighs almost 300 pounds. >> the scale and at a real world is bigger. some of the most powerful large language models are trained on the nvidia d gx super pod that is 32 d gx h 100 systems combin

this is bloomberg technology. caroline: after staying out of public view for years alibaba family --founder jack ma speaks out to employees urging them to correct the company's course. we have more on the e-commerce giant's plans. ed: and we hear from the amazon web service ceo on the back of the reinvent conference discussing ai, and video, and more. caroline: goldman sachs offers apple an exit ramp for its troubled car partnership. first, a muted day in over all benchmarks from a technology perspective gains up at 1%. more action under the bond market and abroad. in china that nasdaq golden dragon managed to be underwater on the day. it will be delving into the micro news and sentiment shifts. we are off by 1.25%. the movement is clear in the bond market seeing what the biggest price increase yield falls since 2020. everybody wants back into u.s. treasuries anticipating the federal reserve may be cutting as soon as may as next year. off by seven basis points on the front end of the curve. in crypto the dollar ha

bloomberg's henry meyer, thank you for bringing the reporting to bloomberg.h more to come after the break. stick with us. 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 battery back-up to keep you online. only from xfinity. home of the xfinity 10g network. ♪ kriti: good morning and welcome back to "bloomberg daybreak: europe." i am kriti gupta in london. risk assets rowling around the world as traders bet the federal reserve may be done hiking thanks to a soft u.s. inflation report. stocks in asia falling. president xi arrives in the u.s. i had of high-stakes talks with president biden, while back home, beijing pumps more cash into the banking system. over in the middle east, israeli forces have entered gaza's al-shifa hospital compound after accusing hamas of using it as a base. israel says it will be a precise a

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this is bloomberg. ♪ hey, doc, quick question. okay? if you had to choose, would you give yourself a root canal or run payroll? run payroll, no question. you know how tough payroll can be, right? no. we switched to gusto, and paying my team couldn't be easier. gusto gives me unlimited payroll runs, next day direct deposits, and automatically files my taxes. ooh, taxes! sounds like you know the drill. good one! can i run payroll too? sure, after this. choose payroll without the pain. that's working with gusto. dani: massive rally today. 2 year yields down. all off of an ever so slightly softer cpi report. it has wiped out market pricing for future hikes. back to our question of the day, is the tightening cycle over? joining us now is laura cooper. with the cpi print in hand, does the feds --does it change things? laura: i think it reduces the likelihood that the fed will need to raise rates again but i think the market reaction is premature. the fed plays a balancing act. they want to suggest that the di

this is bloomberg. lizzy: good morning to bloomberg daybreak. 6:18 in london.re going to go to africa now. nigeria's president is set to deliver his first presentation to the national assembly today. it is an early opportunity give his development plans. what are some of the key economic issues that we should be looking out for in the president's budget address? >> inflation will be one of the key things we should be looking out for. how does his administration intend to bring down the cost of living. inflation is currently at an 18-year high. this was exacerbated by some of the policies he introduced coming into power in may. one was easing restrictions on trading. we're keen to hear what he says about funding for the budget. where will the money come from? is it coming from oil or will they try to explore things like solid minerals? we're keen to know where the funding from the visit will come from? is it from domestic borrowing or the bull market? and some clarity on infrastructure. his predecessor invested a lot in rail. it will be interesting to hear where

shery: you have been looked listening to michael bloomberg, founder of bloomberg lp.atching the forum, bloomberg subscribers can go to live go. asian markets are trading now. let's turn to annabelle droulers for more. annabelle: at least trading sentiment in japan because you have the nikkei online. just over 10 minutes into the session. up over half a percent. a couple stocks we are watching. nintendo is one of them. the company has raised its annual profit forecast. it sees operating income at $3.3 billion. ¥500 billion. what it is basing the renewed guidance off of is the yen because their guidance is on a weaker yen value than recently. the company falling short of expectations. the stock up 5% at this point. also to note as well, nintendo is developing a live action film based on the legend of zelda videogame franchise. another time we are seeing nintendo take popular characters onto the big screen. that is the state of play for japan. let's take a look at what is happening in korea. earlier this morning the data point to note was the current account number. we s

this is bloomberg. ♪ kriti: welcome back to "bloomberg daybreak: europe."resident biden has welcomed an israeli deal with the moss that will free up 50 hostages from the gaza strip. it was mediated by qatar and includes a four day pause in fighting. walk us through what we know about this deal. >> yes, this broke out early in the morning hours, a statement from israel and hamas, this is the first lull since october 7 when the attacks were launched. we know hamas has agreed to release 50 hostages, women and children. that release will come with a four day cease-fire in the north and the south of gaza as well as six hours per day of halting air traffic in the north of gaza. we know this pause will allow the entry of hundreds of trucks to bring in humanitarian aid, fuel, medicine into the north and south of gaza. it halts air traffic for four days. during this pause, israel has promised not to target or arrest any civilians in gaza. this is mediated by qatar, and the foreign minister tweeted he is happy about this deal that was arranged with the help of the u.

coming up, sonal desai joining bloomberg "wall street week." this is bloomberg.e our tv and radio listeners, tv audience and radio listeners. we need to talk about what is happening in the ev space. press -- polestar fresh off of its investor day which featured ev prototypes. we now welcome. -- we now welcome polestar's ceo and resident -- it says a gearhead, matt miller. what do you want to convey about where this goes next? >> good morning. our message from our polestar day is a very positive one. we have two major parts, one is the great news about the product rollout and the other part about what work we have done over the last summer about the business plan. obviously making that a strong and resilient business plan which means a clear view on the breakeven, cash flow breakeven. 2025 cash flow breakeven empty funding needed from today until this breakeven, a clear defined amount of $1.3 billion which we want to cover. what i would call a very manageable funding need. these two are the key cornerstones of this business plan which i think every nose is not bas

this is bloomberg. ♪ ♪ome back to "bloomberg daybreak: europe." i am kriti gupta london. breaking earnings headlines coming from ahold delhaize, the giant in e-commerce and supermarket retailer. you are seeing not sales coming in at about 21 point, 9 billion we will call it 22. they are meeting their numbers, there is a headline that they are selling, in the usa, they're planning to sell fresh direct to -- and announcing a one billion euro share buyback -- getit and announcing a one billion euros share buyback. the estimate was about 4%, coming in at about 3.8%. who better to dive into of these numbers then the ceo of the company itself? ahold delhaize ceo frans muller joins the program. a pleasure to have you on the program this morning. let's start with these numbers. a massive buyback program, one billion euros. what do you do with kind of the excess profits that you have? is that why this buyback is coming to play? frans: yes, shareholders are used to this kind of share buyback program of a set size. wh

ed: this is bloomberg technology.aroline: we take a deep dive into the shock ouster of sam altman openai, what happened, most of the company's staff threatened to depart. ed: a clear win for microsoft, analysts see risks contained for the company's ai ambitions as altman joins microsoft to lead a new team. caroline: discussing with the ecosystem looks like for these sort of some of openai. you have to shine a light on the publicly traded shares impacted by all of this. ed: this is the proxy sentiment of what happened over the last 48 hours. microsoft shares higher, flirting with a fresh record high, reversing the last-minute drop they have friday when use broke in the last few minutes of the session, this is very positive on the developments which are principally as it stands sam altman and greg brockman who was chairman of the board of openai have joined microsoft in order to lead this new ai research unit. we will get into that later. what you cannot see is what is playing out in private markets. trust me, there is

this is bloomberg. ♪ joan: welcome to "bloomberg markets." us get a quick check on where markets are at this hour. it does look like we have had the session high on the s&p right now, and it is the best 4-day rally in a year. we have been up monday, tuesday, wednesday, and now today on thursday. the s&p 500 over 4307. you do have the bloomberg u.s. dollar index coming down. nymex crude is a bit of a headwind, but it has been very volatile lately, now up a little more than two dollars 82 -- $82 63 cents a barrel. this is where the story gets exciting, or at least it was this morning. you have the u.s. two-year rising a little bit. the five-year yield is pretty unchanged, but the 10-year yield is where we saw a ton of action this morning. it was down under 4.63% for a couple of tics. it was only a few sessions ago we were up through five. the same is true with a 30-year yield. it came down through 5% yesterday right when we got the treasury coming out with its refinancing operations, right now trading at 4.8343 percent, so a heck of a lot of vo

this is bloomberg. ♪ guy: this is bloomberg markets, bloomberg crypto has a special show on fintech forat 1:00 p.m. new york time. it also includes ceos. this is bloomberg. we are waiting for the amounts, disney expected to report subscriber growth for its streaming service disney plus as investors await details on the profitability. for more we are joined by a senior analyst. i feel that we have focused on disney plus and subscribers and what the numbers look like. is that what we will be doing again with this set of figures? are there other areas we can be looking at? >> stream and subscribers is not such a big deal anymore for the media landscape, subscriber growth has hit a wall across the whole sector, we are looking for is streaming profitability or lower streaming losses at least and with disney we have $4 billion that they had in streaming losses last year. they're looking for a significant pairing of that by 2.5 or 2.6 billion for fiscal 2023. i think what investors are going to be looking for is if bob iger can articulate a strategy where we can hit streaming breakeven, faster

bloomberg data suggesting 15% of the rally is tied directly to nvidia.could have broader market ramifications. sonali: joining us for more insight on nvidia and the tech outlook is david bahnsen, chief investment officer of the bahnsen group. when you think of the nvidia story and how important it is to the market given the belief in ai to really lift all boats, how important is it? david: the math speaks for itself. it has been about 15% of the s&p's positive attribution this year and the big seven stocks are over 100%. it is a significant attribution for cap weighted index investors, which is to say most index investors. i would say that is an argument against indexing. it is more or less become a significant play on a handful of stocks, nvidia one of them. sonali: let's take today as an example. if you have the s&p down but the nasdaq more so how vulnerable are these stocks? david: i do not think one day's action speaks to any particular trend. i think the overall performance we have seen for a whole year speaks to it. you saw in 2022 as well to the n

bloomberg subscribers go to dayb, also available on mobile in the bloomberg app. you only get the news of the assets and industries that you care about. this is bloomberg. ♪ shery: libertarian outsider javier milei is expected to become argentina's next president after winning sunday's enough against economy minister nasa -- massa. he conceded and called javier milei to congratulate him on his victory. patrick gillespie joins us now. we already had a zell's lula extending an olive branch given that he had backed his rival. tell us about this historic election. >> this is an inflection point in argentine politics and history, not just for the next four years, but what this means for the loser here, a political movement represented by the economy minister, they lost by 12 percentage points. javier milei won nearly 56% of votes overall. the political movement as governed argentina for much of the past two decades, much of the past 70 years, so this is a shift in the political arena for argentina, and ahead comes a lot of questions about javier milei's radical policie

>> good morning and welcome to "bloomberg daybreak: europe." markets in a holding pattern ahead of a u.s. cpi reading as investors start to expect inflation to remain in check for october. presidents biden and xi set to announce a deal cracking down on sentinel -- fentenyl. the u.n. is warning that -- i want to get a check on what orchids are expecting ahead of the crucial u.s. inflation reading. a little bit of positivity but not much to write home about. ftse 100 futures down about 2/10 of 1%. a little green on screen, nasdaq 100 out performance but this is a reaction to yesterday's trade. the expectation for the u.s. cpi reading is simply a pause, the idea that this is a reaction to yesterday's trade. you will not necessarily see a massive decrease in inflation numbers, but not a massive increase either, just a sort of sideways move. some might interpret that as a positive for those who are worried that commodity moves might be pushing inflation higher. others will say the disinflation narrative is going away and so is the optimism around th

joining us now from bloomberg -- washington bloomberg said kayla gardner. give us the latest. >> the white house has been adamant about condemning anti-semitism pre-much every sense of president took office. they have a national strategy to counter anti-semitism and it has been a major focus of the second gentleman, the first jewish spouse of a vice president. this comes on tops of rebukes from the european commission and ibm which announced they would pull advertising from the platform. i think the best way to think about this is it is a broader and more complicated relationship between the president and elon musk. elon musk won't support right and in 2024 and was unhappy when tesla was not invited to an event for ev companies earlier this year. that's something to think about here and the government also has contracts with spacex. it applauded the elon musk decision to open charging infrastructure to other companies. but i think it was the timing of the comments amid the israel hamas war that caused the white house ultimately to put out the statements bec

this is bloomberg. ♪ >> investors have lots to be thankful for. >> equity rally. >> year end rally. >> the holiday rally is in force. >> an economy that is looking good globally and risk sentiment picking up. >> we are seeing this soft landing celebration. >> a market that is enthused about a soft landing. >> inflation coming down. >> inflation, which has come down. >> the labor market showing some cracks that simply normalizing -- cracks but simply normalizing. >> the fed is done. >> the fed is making this look as easy as pie. >> all things are moving in the right direction. >> it does not mean we should take them for granted. kailey: some of our guests on bloomberg television weighing in on the market rallied, which leads us back to our question of the day, what are you buying? let's bring in art hogan, chief market strategist at b riley help. this question goes two ways. are you shopping today? second question is what are you buying in terms of financial assets? art: absolutely going to jumpstart the

>> welcome to bloomberg markets. >> let's take a quick look at the markets at this hour. not a lot going on in equities. the s&p 500 down 1/10 of 1%. 4411 is your level. u.s. 10 year yield barely budged at 4.6419%. bloomberg dollar index at 1264. the only mover on this screen is nymex crude which is up $.89. it does feel like we are waiting for some data and we are going to get that this week in the form of cpi. jon: we will talk about it in a second. when you go under the hood even though broadly speaking it is a challenging day for technology stocks, within the magnificent seven group, you see a couple of standout names today. right now nvidia shares are up again. nine days of advances. could be the longest streak since 2016 providing more high-profile ai chips seems to be keeping the ai rally alive. tesla is up today around 3.5% in early trading. helps when we look at what companies are saying. the outlook from tyson somewhat soft. we have seen that food giant with stock performance today that has been more mixed. tyson shares off close to 4%. it is going to be a busy

eastern time on bloomberg television and bloomberg radio. now let's talk about the markets. the day, the end of the week, stoxx 600 softening up. b, we have had a pushback from the fed. do something to be aware of. u.k. data pointing toward stagflation. we will get cpi next week. brent crude up by 1.21%. maria from state street will be joining us next. this is bloomberg. guy: european equities slighted over the weekend. if is down. luxury stocks under a little pressure. we also done on the week. the countdown to the closed starts right now -- to the close starts right now. >> the countdown is on in europe, this is "bloomberg markets: european close" with guy johnson and alix steel.

this bloomberg. ♪ >> this is bloomberg technology with caroline hyde and ed ludlow.ed: i'm ed ludlow. this is bloomberg technology you. caroline: fallout continues from tesch for elon musk after an anti-semitic post on its platform

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this is bloomberg. ♪ lizzy: welcome back to bloomberg daybreak here.nt most of yesterday at westminster, a very chilly westminster waiting for the autumn statement by jeremy hunt. one of the key fiscal events ahead of an election. jeremy hunt says he plans to grow the economy and that those plans are working but there's more work to do. here are some of the key points from yesterday's statement. >> we premise -- we promise to cut inflation and we have. it fell to 2.8% before falling to the 2% target in 2025. we expect the economy to grow. after that growth rises to 1.4% in 2025 and then 1.9%, 2% in 2028. re-reduce that, cut taxes and reward work. i will increase the local housing allowance rate to the 30th percentile of local market rates. this will give 1.6 million households an average of 800 pounds of support tech steer. i have decided to freeze all alcohol duty until august the first next year. that means no increase in duty on pure, cider, ryan -- wine or spirits. i will invest 500 million pounds to fund further innovation centers to help make us

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this is bloomberg. ♪ j.p.n wealth management knows it's easy to get lost in investment research. get help with j.p morgan personal advisors. hey, david! ready to get started? work with advisors who create a plan with you, and help you find the right investments. so great getting to know you, let's take a look at your new investment plan. ok, great! this should have you moving in the right direction. thanks jen. get ongoing advice; and manage your investments in the chase mobile app. shery: take a look at how futures are trading at the moment. a little bit of pressure when it comes to u.s. futures after stocks fell for the first time in nine sessions. we are seeing that downside on the asx 200 as well, falling for the first time in three sessions. kiwi stocks also reversing the gains we saw in the previous session, as of course we just heard from fed chair powell, pushing back on rate cuts. this is bloomberg. ♪ sleepovers just aren't what they used to be. a house full of screens? basically no hiccups? you guys

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that's according to bloomberg sources. company's starling business is showing growth that it is expected to and exceed the company's rocket launch business. starling could account for -- startlink could account for $10 billion in total sales next year. we work shutters at stores, filing for chapter 11 bankruptcy in new jersey. this capping it to multiple is few years with the company navigated a failed merger, covid-19 lockdowns, a blank check merger and a slow return to office trend. wework had a $47 billion valuation in 2019. then you look at who might be impacted as creditors, a big-name. caroline: creditors, credibility. mushy oki -- they have dumped 40 office leases in new york city since the announcement. we have some notable moves happening with publicly traded companies. apple's want to keep an eye on. ed: perverted by mark gurman. apple basically hit pause on developing most of next year's software updates for iphone, ipad, mac and other devices because it's trying to fix some bugs. gurman says this was announced

this is "bloomberg technology." full coverage of openai as investors seek to reinstate sam altman as ceo. more ahead. ed: we will preview what to expect from nvidia. wit

this is bloomberg. ♪ haidi: you're watching daybreak australia taking a look at the week ahead. cpi data is expected to increase for third month. ahead of last october cpi is rising. price pressure is bringing apprehension among officials to signally all clear. we'll be watching cpi in the euro zone. china's activity data will show the recovery being forecast as well as fixed asset investment. retail sales may pick up but that will need to pay comparison rather than stronger consumption. market consensus is for a halt. japan weeks the economy to shrink and recover consumer spending. we have a big rate decision, gdp figures. export numbers as well as ppi figures out of japan. we will be watching some u.s. retail earnings and results from walmart, target and how consumers are dealing with rising prices ahead of the key euro holiday shopping season. that is your week ahead. vonnie: the u.s. was threatened with the loss of its top credit rating after moody's lowered the outlook citing wider budget deficits

the bloomberg dolla

joining us is mandeep singh of bloomberg intelligence and alex webb of bloomberg originals. what you make of the events of this weekend and what it may tell us about some of the risks present in ai? alex: it was quite remarkable. it shows humans are the secret sauce. the reason people are giving microsoft a little bit of credit today is stopped because of sam altman himself. it is because of all the people at openai who have signed letters, 500 open i -- openai employees signed a letter in support of him. if you bring some of that talent to microsoft with him that is a huge boost to microsoft. is a huge boost to microsoft. one of the reasons they were perceived before openai as being a slight detriment to google's they did not have their own ai research division. employees signed a letter in support ofmicrosoft had a supplr relationship. this gives them the opportunity to build a captive ai division -- guy: an understanding of the governor structure around some of these efforts is critically important and may be as we were talking about at the last hour, the idea that some s

anna: this is "bloomberg markets: today."

this is bloomberg. ♪ matt: this is bloomberg markets.rivian set to reported earnings after the bell. one numbers investors will be focused on is the cash burn. the company likely has more than $8 billion in cash on hand. this is a company i have always been watching closely because i think it is a cool design, the vehicle, also its massive horsepower. if you get the quad motor version, it is 850 horsepower equivalent but stock has tanked. >> that is right. they will have earnings coming out. one thing they did that investors did not like was a convertible debt offering. they raised some money but to spend some cash burn, they will probably have to raise more. how do you get stale selling 52,000 electric vehicles a year? that is the part of the market that is struggling right now, those expensive ev's. gm will come out with a $35,000 chevy equinox that get three -- get stranded 20 miles. elon musk said our vehicles have to get more affordable. if you are rivian and you are trying to get to scale, trying to lower your cost, but your vehicl

this is bloomberg technology.s dissent on san francisco for the asia-pacific economic summit, full coverage from that ahead as we sit down with the mayor.

ed: bloomberg from new york. ed: this is bloomberg technology. caroline: microsoft unveils its first custom-designed ai and cloud chips. we discuss with the move means for the company and its competitors. ed: spacex spinning off its star link unit as soon as late 2024, we bring you the details as elon musk denies the reporting. caroline: we break down what to expect from the meeting between president biden and xi jinping in san francisco as well as what it means for the tech city's future. let us check in on the markets, it is calming down and a rampant rally we have seen in the world of stocks. holding onto gains on the nasdaq. a notable gain over in china, whether or not we are seeing the fuel from the u.s. into china by the economic data coming in strong when it comes to retail and the consumer. notably around the companies that have been reporting earnings, we see tencent, in terms of earnings, then we see what is happening with alibaba, green on the screen in china. 10-year yield rising up a lot today after we have seen three year yield come

this is bloomberg. ♪ jon: this is bloomberg markets. in an interview with bloomberg, the u.k.nister rishi sunak condemned all forms of anti-semitism. sunak is under pressure after sharing the stage with elon musk at the ai safety summit earlier this month. musk has been under fire for amplifying anti-semitic content on x. here is some of sunak's contents with bloomberg's francine lacqua. pm sunak: i don't tend to get in the business of scrutinizing what everything a person says. of course i abhor anti-semitism and we have been unequivocal from the start of this situation that that is not acceptable in our society. i have personally been very firm about that. it is very sad, what is happening. francine: but are you condemning elon musk? pm sunak: i condemn all anti-semitism. it is not about one personality. francine: but he has a big platform and a big voice. pm sunak: as i said, i condemn and that summit is a in all of its forms -- condemn anti-semitism in all its forms. anti-semitism in all its forms is completely and utterly wrong and we have strong laws in place to tackle r

this is bloomberg. ♪ hey! sarah!to elevator music all day or deal with payroll compliance? payroll compliance, for sure. gusto automatically calculates and files my taxes for me. hold up, compliance? easier? choose payroll compliance without the ups and downs. >> here we go. good morning from hong kong. welcome to "bloomberg markets: china open." >>

ed: there from bloomberg's world headquarters, caroline hyde is off today, this is bloomberg technologyopenai kicks off its first ever developers conference with engineers and entrepreneurs gathering in downtown san francisco. we generally expect. we wish you had to earnings and get the macro take on big tech result as companies deliver bigger profits than wall street anticipated. apple is in search of a new growth engine after warning on a slower holiday season. ken division pro solve that problem -- can division pro solve that problem? a focus on the technology sector, the nasdaq up, most of the tech names are in the red. it is the megacap's that are keeping us going. we see yields creep a little higher up, bitcoin which of course is our asset of choice at the moment we look at the risk space continuing to hold around 35,000 u.s. dollars a token. i hoped about megacap's, in san francisco, the focus will be openai, a private company, but of course, microsoft, publicly traded, a big stakeholder in ai and his success. the other names that are in focus at the moment are still nvidia, nvid

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this is bloomberg. ♪ haidi: u.s.retary of state antony blinken has met with israeli leaders as a temporary cease-fire in gaza extends another day. lincoln stressed the need to avoid civilian harm -- blinken stressed the need to avoid civilian harm. >>'s it's important israel act in accordance with international humanitarian war even against a group that does not respect it. haidi: what were the main priorities that emerged from blinken's talk with israel? the fallout has been immense and we know there's a lot of talk in congress about potentially linking future aid to minimizing of losses. anna: that's exactly right. i'm glad you played that clip of blinken speaking earlier today because he also said it was imperative to avoid what he called a massive loss of civilian life. the israeli campaign moves from the northern part of the gaza strip to the south. we saw blinken stressing that israeli forces need to take every measure possible to avoid excessive loss of civilian life in the south, especially because that is wh

this is bloomberg. ♪ j.p. get lost in investment research. get help with j.p morgan personal advisors. hey, david! ready to get started? work with advisors who create a plan with you, and help you find the right investments. so great getting to know you, let's take a look at your new investment plan. ok, great! this should have you moving in the right direction. thanks jen. get ongoing advice; and manage your investments in the chase mobile app. >> you are watching "daybreak: asia." some headlines we are following, general motors announced its largest stock buyback plan worth $10 billion in boosting its dividend by 30%, reinstating earnings guidance after accounting for costs of its new labor contract, coming as higher interest rates threaten car sales and its ev push stalls. >> from an ev perspective we have confidence in the portfolio and are disappointed this year we were constrained by the automation to build modules, so this is not something fundamentally un-issue. it was more manufacturing automation iss

this is "bloomberg." ♪ matt: this is "bloomberg markets."nce a high fire cap to lead the multitrillion dollar money manager at, sex, luke sarsfield is now -- at goldman sachs, luke sarsfield is now at p10. built on the heels of acquisitions, his job is to find fresh ways to grow and joins us now alongside our wall street reporter sonali. thank you for getting us the best guest. you just started your new job a couple of weeks ago and already have a huge pile of assets under management most of >> thank you for having me. so excited to be here and excited to tell you about the story. i just joined last monday so i am brand-new on the job. we have a great foundation with the assets we have, with the wonderful strategies we have. all of these strategies have really impressive records. you have great people. when you put that impressive platform together we have already built, we believe this guy is the limit. we see the opportunities as we continue to partner with a broad range of lps and attract new ones to the platform. the performance has been

shery: bloomberg's equities reporter alexandra.t is day number two of the bloomberg new economy forum in singapore and we will speak to industry leaders including global chairman of bob moretz and teal capital managing director jack. singapore's prime minister tells us a two state solution is the only way to find peace between israelis and palestinians, our exclusive interview is next. this is bloomberg. ♪ it's easy to get lost in investment research. introducing j.p. morgan personal advisors. hey david. connect with an advisor to create your personalized plan. let's find the right investments for your goals okay, great. j.p. morgan wealth management. ♪ haidi: you're watching daybreak asia. just under 10 minutes into the session for australian stocks taking a look at lenders because chief among them is the national australian bank that reported this morning a cash profit for their year mists the analyst estimate and we saw big moves in business lending, something helped by rising rates. but the concern is given that we could be nea

bloomberg's avril hong in singapore. she talks about the alibaba story, i want to dive in a little bit more into what is behind that. robert lee from our bloomberg intelligence team joining us this morning. robert, give us the details. the cloud spinoff that people had hailed as almost a light at the end of the tunnel for a broad streak of losses for alibaba, not on docket anymore, why? >> as just was mentioned, there are forward-looking concerns about the state of consumption and china, that's a well-known concern and i don't think accounts for 10% decline we are seeing in alibaba share price today. the real surprise was that the decision to suspend or effectively pull the ipo on the cloud business, which, haddock on ahead, would've potentially realized most value amongst all the alibaba spinoffs that are happening. i think there are a number of reasons behind that. the official line from the company is that the u.s. trade embargo on advanced chips is restricting the supply of available components for them in constraini

this is bloomberg. ♪ ( ♪ ♪ ) ( ♪ ♪ ) ♪ (when the day that) ♪ ♪ (lies ahead of me) ♪ ♪ ( seems impossible to face) ♪ ♪ (a lovely day) ♪ ♪ (lovely day) ♪ ♪ (lovely day) ♪ ♪ (lovely day) ♪ a bank that knows your business grows your business. bmo. what do you see on the horizon? a bank that knows your business grows your business. uncertainty? or opportunity. whatever you see, at pgim we can help you rise to the challenges of today, when active investing and disciplined risk management are needed most. drawing on deep expertise across the world's public and private markets in pursuit of long-term returns... pgim. our investments shape tomorrow today. dani: welcome back. we have continuing week data from europe, a strong data from the u.k., stronger from germany. put it all together, what are the numbers telling you? >> we are worried the economy will suddenly fall off a cliff and we will end up in a deep recession. so far we do not see any evidence of that. if anything the outlook looks like we are stabiliz

ed: this is bloomberg technology.aroline: the ftx founder sam bankman-fried is found guilty in his front trial, now facing decades in prison we will baked at dez break down the decision and what it means for the broader crypto industry. ed: plus apple shares taking a hit off the world's most valuable company warning of a slug's quarter and some weakness in china. full coverage is ahead. caroline: an exclusive interview with the ceo of siemens. let's check out these markets, it's a macro picture, one of a falling jobs market which means we may be in a goldilocks scenario. maybe the federal reserve can rest on their laurels for a little bit. having an absolute phenomenal week on the entire year and so is the s&p 500. the last three days, we have seen the 30 year yield plunged the most since the pandemic. notable moves in the bond market and the stock market. the market is anticipating a less hawkish fed. we saw a little bit of a pop over the last day in trading but in general, we are range bound once again, below the $3