. ♪ thanks to avalara, we can calculate sales tax automatically.valarahhhhhh what if tax rates change? ahhhhhh filing sales tax returns? ahhhhhh business license guidance? ahhhhhh -cross-border sales? -ahhhhhh -item classification? -ahhhhhh does it connect with acc...? ahhhhhh ahhhhhh ahhhhhh get your business online in minutes with the power of ai... ...with a perfect name, a great logo, and a beautiful website. just start with a domain, a few clicks, and you're in business. make now the future at godaddy.com/airo starting a business is never easy, but starting it eight months pregnant... that's a different story. i couldn't slow down. we were starting a business from the ground up. people were showing up left and right. and so did our business needs the chase ink card made it easy. when you go for something big like this, your kids see that. and they believe they can do the same. earn unlimited 1.5% cash back on every purchase with the chase ink business unlimited card. make more of what's yours. ♪ annabelle: the biggest day so far in the u.s. el

. ♪ thanks to avalara, we can calculate sales tax automatically.valarahhhhhh what if tax rates change? ahhhhhh filing sales tax returns? ahhhhhh business license guidance? ahhhhhh -cross-border sales? -ahhhhhh -item classification? -ahhhhhh does it connect with acc...? ahhhhhh ahhhhhh ahhhhhh haidi: china is releasing february inflation data on saturday. bloomberg economics thinking cpi will probably rise out of inflation for the first time in five months but may not signal a fundamental recovery in demand. there were a lot of concerns about her deflationary downward spiral and confidence around these data points taking on special significance given that ambitious growth target. what are the expectations here? >> i think the issue with this february data is that during the extended lunar new year holiday, the bloomberg economics argument there is that a lot of it will be elevated by the fact that people are spending more in the holiday, we saw that with some of the earlier data, it probably contributed to an uptick in food prices so that's why you

this is bloomberg. ♪ thanks to avalara, we can calculate sales tax automatically.hhhh what if tax rates change? ahhhhhh filing sales tax returns? ahhhhhh business license guidance? ahhhhhh -cross-border sales? -ahhhhhh -item classification? -ahhhhhh does it connect with acc...? ahhhhhh ahhhhhh ahhhhhh >> the following is a paid program. the opinions and views expressed do not reflect those of bloomberg lp, its affiliates, or its employees.

. ♪ tax with avalara, you don't have to worry about things like changing tax rates or filing returns.h ahhh you have to make it. and if you want a successful business, all it takes is an idea, and now becomes the future. a future where you grew a dream into a reality. it's waiting for you. mere minutes away. the future is nothing but power and it's all yours. the all new godaddy airo. get your business online in minutes with the power of ai. >> welcome back to bloomberg technology. i am caroline hyde. we had back on track and we are seeing the nasdaq back up. after that market issue that stopped market trading, we are up 1.5. the hope is that stocks just finished reading and are actually down. not being built into what is happening globally. this is a big week for the macro picture. think of japan is coming tomorrow. bitcoin is just lower against the u.s. dollar. off by another 2%. we will dig into that in a moment. we will have a look at individual companies. this is the story of the day. alphabet shares at 7%. it looks like apple is already in talks to use generative ai. what does t

this is bloomberg. ♪ thanks to avalara, we can calculate sales tax automatically.ahhhhhh what if tax rates change? ahhhhhh filing sales tax returns? ahhhhhh business license guidance? ahhhhhh -cross-border sales? -ahhhhhh -item classification? -ahhhhhh does it connect with acc...? ahhhhhh ahhhhhh ahhhhhh haidi: blackrock's philipp hildebrand things switzerland's surprise rate cut is a signal that the world has turned the corner in the battle against inflation. the former s&p president explained why the central bank decided to move now. >> we have been waiting for this were a long time. the market has been pricing it. the first one is out of the gates. not surprising it is the swiss central bank in the fact that switzerland has a best inflation record through this difficult period of the pandemic. it is a courageous thing but justifiable when you look at the inflation forecast and the inflation data the last few years. >> what does a policy mistake look like? is there a danger that if you cut too quickly, inflation will make your job double harder to get on top of t

this is bloomberg. ♪ thanks to avalara, we can calculate sales tax automatically.hhh what if tax rates change? ahhhhhh filing sales tax returns? ahhhhhh business license guidance? ahhhhhh -cross-border sales? -ahhhhhh -item classification? -ahhhhhh does it connect with acc...? ahhhhhh ahhhhhh ahhhhhh starting a business is never easy, but starting it eight months pregnant... that's a different story. i couldn't slow down. we were starting a business from the ground up. people were showing up left and right. and so did our business needs the chase ink card made it easy. when you go for something big like this, your kids see that. and they believe they can do the same. earn unlimited 1.5% cash back on every purchase with the chase ink business unlimited card. make more of what's yours. >> i think we should not get bogged down by the numbers. what we should be looking at is, what are the drivers of growth in india? they are, it is still public infrastructure spending and services exports. the growth house and brought about. there is still a lot of excess capacity. bas

this is bloomberg. ♪ thanks to avalara, we can calculate sales tax automatically.hhhh what if tax rates change? ahhhhhh filing sales tax returns? ahhhhhh business license guidance? ahhhhhh -cross-border sales? -ahhhhhh -item classification? -ahhhhhh does it connect with acc...? ahhhhhh ahhhhhh ahhhhhh >> i would say we've gotten of frothy levels. i wouldn't be surprised to see some correction and some consolidation. i'm very low activity picked corn the highway because i think this is the discovery. haslinda: galaxy digital found -- founder. bitcoin is still trading at the 6000 level. but, fallen off somewhat from the six t4 that we saw down 7/10 of 1%. they are playing catch-up in the negative down about one point 5%. blackrock ishares, bitcoin trusts saw a record $612 million of inflows on wednesday. they expect that to continue. we could see further upside for bitcoin and the others. yvonne: bitcoin vote now is back. take a look at those inflows we saw at blackrock, bitcoin. bitcoin trust for ishares. the biggest boeing session hall that we've seen. breaking the

this is bloomberg. ♪ thanks to avalara, we can calculate sales tax automatically.rahhhhhh what if tax rates change? ahhhhhh filing sales tax returns? ahhhhhh business license guidance? ahhhhhh -cross-border sales? -ahhhhhh -item classification? -ahhhhhh does it connect with acc...? ahhhhhh ahhhhhh ahhhhhh annabelle: the founder of the world's biggest battery maker, catl, says the company is pressing ahead with expansion, despite a global slowdown in ev sales growth. in his first interview with international outlets since 2020, robert desiring -- robin zhang said he will crank up the output of more technologically advanced products. for more let's bring in our asia transport reporter, linda lew. we talk so much about the slowdown in the ev sector. how could he be so positive about growth in the space? linda: the way he sees it is that over the long term, evs will keep growing. demand might be flagging slightly, but he says evs are a good product, sustainable and good for the environment and so everybody will probably eventually move towards evs. the other factor is

. ♪ thanks to avalara, we can calculate sales tax automatically.valarahhhhhh what if tax rates change? ahhhhhh filing sales tax returns? ahhhhhh business license guidance? ahhhhhh -cross-border sales? -ahhhhhh -item classification? -ahhhhhh does it connect with acc...? ahhhhhh ahhhhhh ahhhhhh haidi: bloomberg has learned that the u.s. justice department is poised to sue apple for antitrust violations as soon as thursday. sources tell us the laws it would accuse apple of walking rivals from the software features on iphones. the reporter is among -- our report is among those who broke the story, it comes as apple is facing scrutiny in europe and this is not the first time apple has been up against the doj here either. it is a lot more scrutiny on big tech? anna: we have known this complaint was coming for a while, the justice department started this in 2019 during the dollop of administration and took a backseat to other cases they were working on and we have learned of this complaint is ready for prime time. one thing we know about jonathan kanter,

. ♪ thanks to avalara, we can calculate sales tax automatically.valarahhhhhh what if tax rates change? ahhhhhh filing sales tax returns? ahhhhhh business license guidance? ahhhhhh -cross-border sales? -ahhhhhh -item classification? -ahhhhhh does it connect with acc...? ahhhhhh ahhhhhh ahhhhhh >> last year, we cut the reserve twice by 25 percentage points each per head last month, it was cut by another 50 basis points and that means we release one trillion yuan in long-term the quiddity at a time. at present, the statutory reserve ratio is 7% on average and there is still room for future cuts. >> a possibility of more rrr cuts for chinese banks and he along with china's commerce chiefs have defended the plan. joan lee joins us now from the capital and clearly, the overwhelming reaction from markets and economists have been that this is a hugely ambitious goal without the fiscal intention to back it up. what are we hearing from beijing? john: i think what we are hearing from beijing is an attempt to explain how they are going to get to that 5%. that

. ♪ thanks to avalara, we can calculate sales tax automatically.rahhhhhh what if tax rates change? ahhhhhh filing sales tax returns? ahhhhhh business license guidance? ahhhhhh -cross-border sales? -ahhhhhh -item classification? -ahhhhhh does it connect with acc...? ahhhhhh ahhhhhh ahhhhhh you have to make it. and if you want a successful business, all it takes is an idea, and now becomes the future. a future where you grew a dream into a reality. it's waiting for you. mere minutes away. the future is nothing but power and it's all yours. the all new godaddy airo. get your business online in minutes with the power of ai. >> after years in the making, the united states department of justice has filed its antitrust lawsuit against apple, threatening its underlying business model. the government is taking aim at apple's policies is running super apps, cloud gaming services, messaging, tap to pay, and support on the iphone 4 third-party smart watches. while apple has had a negative impact on suppliers, the first iteration of the doj's case doesn't reall

thanks to avalara, we can calculate sales tax automatically.valarahhhhhh what if tax rates change? ahhhhhh filing sales tax returns? ahhhhhh business license guidance? ahhhhhh -cross-border sales? -ahhhhhh -item classification? -ahhhhhh does it connect with acc...? ahhhhhh ahhhhhh ahhhhhh than help you reach your goals. i can make this work. it can help you reach them with confidence. no wonder more than 9 out of 10 of our clients are likely to recommend us. ameriprise financial. advice worth talking about. ed: shares of former president trump social media company are higher for a second day after surging in their first trading day as a public company. this is a reverse merger with a blank check company. the point is it's now trading and bloomberg does what it does best, looking at the numbers given in the regulatory filings to it. bloomberg is looking at the numbers. the market seems to be looking past the numbers. >> you cover technology companies, if you use a traditional metric it trades north of 2200 multiple for context nvidia is closer t

this is bloomberg. ♪ thanks to avalara, we can calculate sales tax automatically.hh what if tax rates change? ahhhhhh filing sales tax returns? ahhhhhh business license guidance? ahhhhhh -cross-border sales? -ahhhhhh -item classification? -ahhhhhh does it connect with acc...? ahhhhhh ahhhhhh ahhhhhh hey you, with the small business... ...whoa... you've got all kinds of bright ideas, that your customers need to know about. constant contact makes it easy. with everything from managing your social posts, and events, to email and sms marketing. constant contact delivers all the tools you need to help your business grow. get started today at constantcontact.com constant contact. helping the small stand tall. when i was your age, we never had anything like this. constant contact. what? wifi? wifi that works all over the house, even the basement. the basement. so i can finally throw that party... and invite shannon barnes. dream do come true. xfinity gives you reliable wifi with wall-to-wall coverage on all your devices, even when everyone is online. maybe we'll even get

this is bloomberg. ♪ thanks to avalara, we can calculate sales tax automatically.hhhh what if tax rates change? ahhhhhh filing sales tax returns? ahhhhhh business license guidance? ahhhhhh -cross-border sales? -ahhhhhh -item classification? -ahhhhhh does it connect with acc...? ahhhhhh ahhhhhh ahhhhhh starting a business is never easy, but starting it eight months pregnant... that's a different story. i couldn't slow down. we were starting a business from the ground up. people were showing up left and right. and so did our business needs the chase ink card made it easy. when you go for something big like this, your kids see that. and they believe they can do the same. earn unlimited 1.5% cash back on every purchase with the chase ink business unlimited card. make more of what's yours. to finally lose 80 pounds and keep it off with golo wis amazing.se ink business unlimited card. i've been maintaining. the weight is gone and it's never coming back. with golo, i've not only kept off the weight but i'm happier, i'm healthier, and i have a new lease on life. golo is th

thanks to avalara, we can calculate sales tax automatically.hhhhhh what if tax rates change? ahhhhhh filing sales tax returns? ahhhhhh business license guidance? ahhhhhh -cross-border sales? -ahhhhhh -item classification? -ahhhhhh does it connect with acc...? ahhhhhh ahhhhhh ahhhhhh hey you, with the small business... ...whoa... you've got all kinds of bright ideas, that your customers need to know about. constant contact makes it easy. with everything from managing your social posts, and events, to email and sms marketing. constant contact delivers all the tools you need to help your business grow. get started today at constantcontact.com constant contact. helping the small stand tall. starting a business is never easy, but starting it eight months pregnant... that's a different story. i couldn't slow down. we were starting a business from the ground up. people were showing up left and right. and so did our business needs the chase ink card made it easy. when you go for something big like this, your kids see that. and they believe they can do

thanks to avalara, we can calculate sales tax automatically.valarahhhhhh what if tax rates change? ahhhhhh filing sales tax returns? ahhhhhh business license guidance? ahhhhhh -cross-border sales? -ahhhhhh -item classification? -ahhhhhh does it connect with acc...? ahhhhhh ahhhhhh ahhhhhh >> last year, we cut the reserve -- the required reserve ratio twice by 25 basis points each. last month, it was cut by another 50 basis points and that means we released one trillion yuan in long term liquidity at the time. at present, the statutory reserve ratio is 7% on average and there is still room for future cuts. >> the pboc governor sees a possibility of more rrr cuts for chinese banks and he, along with china's finance and commerce chiefs, have defended beijing's plan to grow the economy by 5% this year. our greater china senior investor -- executive joins us now. the defense of this target, of course, concerns about how they attain this without forceful stimulus measures. is this going to ring true with investors? >> well, i think investors are prob

[crowd cheers] [music out] thanks to avalara, we can calculate sales tax automatically.valarahhhhhh what if tax rates change? ahhhhhh filing sales tax returns? ahhhhhh business license guidance? ahhhhhh -cross-border sales? -ahhhhhh -item classification? -ahhhhhh does it connect with acc...? ahhhhhh ahhhhhh ahhhhhh investment opportunities are everywhere you turn. do you charge forward? freeze in your tracks? or, let curiosity at t. rowe price, we ask smart questions about opportunities like advances in healthcare and how these innovations will create a healthier world tomorrow. better questions. better outcomes. ed: the fourth largest ipo of the year, reddit, climbed 48% on its first day of trading yesterday after pricing at the top of its marketed range, raising seven hunter $48 million. let's bring in katie ruth, who has lived and breathed reddit's ipo this week. i would say this went well. katie: did the first day. right now it is trading down, although it technically is well above the ipo price. it is not really much above where it opened yesterday. i think there is

thanks to avalara, we can calculate sales tax automatically.if tax rates change? ahhhhhh filing sales tax returns? ahhhhhh business license guidance? ahhhhhh -cross-border sales? -ahhhhhh -item classification? -ahhhhhh does it connect with acc...? ahhhhhh ahhhhhh ahhhhhh her uncle's unhappy. i'm sensing an underlying issue. it's t-mobile. it started when we got him under a new plan. but then they unexpectedly unraveled their "price lock" guarantee. which has made him, a bit... unruly. you called yourself the "un-carrier". you sing about "price lock" on those commercials. "the price lock, the price lock..." so, if you could change the price, change the name! it's not a lock, i know a lock. so how can we undo the damage? we could all unsubscribe and switch to xfinity. their connection is unreal. and we could all un-experience this whole session. okay, that's uncalled for. ♪ >> to the world of business, this is balance of power.

thanks to avalara, we can calculate sales tax automatically.larahhhhhh what if tax rates change? ahhhhhh filing sales tax returns? ahhhhhh business license guidance? ahhhhhh -cross-border sales? -ahhhhhh -item classification? -ahhhhhh does it connect with acc...? ahhhhhh ahhhhhh ahhhhhh >> time now for social climbers. a look at the stocks making waves in social media and first up, chick-fil-a. going to be more like chick-full of antibiotics. they say they will start using antibiotics because of my challenges. remember chick-fil-a serve antibiotic-free chicken at all of its restaurants 2019 but when it comes to this change, there's no specific deadline on when it will rollout. next that we have walt disney upgraded to overweight. the company is seeing a narrative reset which should result in positive earnings and finally, buying a small german biotech company for a little over $1 billion. the deal is intended to strengthen the cardiovascular pipeline and help the drugmaker expand outside of its core diabetes and weight loss markets. and we did

thanks to avalara, we can calculate sales tax automatically.hhhhh what if tax rates change? ahhhhhh filing sales tax returns? ahhhhhh business license guidance? ahhhhhh -cross-border sales? -ahhhhhh -item classification? -ahhhhhh does it connect with acc...? ahhhhhh ahhhhhh ahhhhhh [applause] haslinda: pictures from yesterday of apples ceo opening the company's new store in shanghai. also with him is apples senior vice president of retail. the visit signals the tech giants commitments to china even as iphone sales in the country slumped 24% over the first six weeks of the year. meanwhile, apple shares dropping sharply overnight amidst scrutiny from regulators on both sides of the atlantic. in the u.s., the justice department is suing the iphone maker for violating antitrust laws. in europe, the company facing investigations about whether it is complying with the region's markets act. apple erased $113 billion in value overnight. apple suppliers staying in asia. it's a mix. upon high down 1%. tmm c, negative territory. a massive 9.5% down right

. ♪ ♪ thanks to avalara, we can calculate sales tax automatically.arahhhhhh what if tax rates change? ahhhhhh filing sales tax returns? ahhhhhh business license guidance? ahhhhhh -cross-border sales? -ahhhhhh -item classification? -ahhhhhh does it connect with acc...? ahhhhhh ahhhhhh ahhhhhh you know what's brilliant? boring. think about it. boring is the unsung catalyst for bold. what straps bold to a rocket and hurtles it into space? boring does. great job astro-persons. over. boring is the jumping off point for all the un-boring things we do. boring makes vacations happen, early retirements possible, and startups start up. because it's smart, dependable, and steady. all words you want from your bank. taking chances is for skateboarding... and gas station sushi. not banking. that's why pnc bank strives to be boring with your money. the pragmatic, calculated kind of boring. moving to boca? boooring. that was a dolphin, right? it's simple really, for nearly 160 years, pnc bank has had one goal: to be brilliantly boring with your money so you can be h

. ♪ when you automate sales tax with avalara, you don't have to worry about things like changing taxates or filing returns. avalarahhh ahhh sonali: this is "bloomberg markets." it's time for the stock of the our pyramid up is said to be in talks to build google's ai software for use with the iphone, a move that could give gemini an edge with billions of potential users. mark gurman was the first to report the news and he joins us now, how would this kind of partnership work? >> thank you so much for having me. this partnership would be a blockbuster in the ai industry. apple has 2 billion devices with its logo on it in circulation right now. google according to many experts has the best generative ai engine on the market right now. the two coming together would be a major partnership for this growing and thriving ai industry. it's unclear because a commercial terms have not been worked out as to how this would work financially but there are scenarios in which google may pay apple to feature gemini here as the default provider, this could be reminiscent of the apple deal that has been

when you automate sales tax with avalara, you don't have to worry about things like changing tax ratesfiling returns. avalarahhh ahhh sonali: it is time for my favorite beat, the wall street beat where we look at what is buzzing on wall street. today we are looking at how the riskiest part of the global credit markets are leading fixed income returns. joining us is bloomberg's olivia ray monday. your headline caught my attention. interest rates are high but money is easy and credit markets are acting like easy money never ended. why? olivia: is interesting. essentially we are at this moment in time where markets are assuming we will hit a soft landing. even more important than that, is not even the assumption that the soft landing would happen, it is that nothing bad would happen now. nyc is orderly, there will be no shop surprises so spreads keep getting tighter. there is a lot of money looking to invest in corporate bonds. sonali: how do investors break in the risk? are they getting compensated? they believe yields are higher. for credit, if you lose money you lose it forever. it is

. ♪ thanks to avalara, we can calculate sales tax automatically.larahhhhhh what if tax rates change? ahhhhhh filing sales tax returns? ahhhhhh business license guidance? ahhhhhh -cross-border sales? -ahhhhhh -item classification? -ahhhhhh does it connect with acc...? ahhhhhh ahhhhhh ahhhhhh how am i going to find a doctor when i'm hallucinating? what about zocdoc? so many options. yeah, and dr. xichun even takes your sketchy insurance. xi-chun, xi-chun, xi-chun! you've got more options than you know. book now. sonali:'s. it is time now for the wall street beat. u.s. banking regulators have an unusually large penalty on silicom bank last year, 280 $5 million and peas to -- in fees. we will discuss this with sally bakewell. why was this fee so large? sally: when silicon valley bank was teetering on the brink of collapse it borrowed money from the federal home loan banking system. this system was set up in the depression era to lend to housing, but it has morphed beyond that initial mandate and you can probably get a loan for any purpose. silicon vall

. ♪ when you automate sales tax with avalara, you don't have to worry about things like changing taxling returns. avalarahhh ahhh i don't want you to move. i'm gonna miss you so much. you realize we'll have internet waiting for us at the new place, right? oh, we know. we just like making a scene. transferring your services has never been easier. get connected on the day of your move with the xfinity app. can i sleep over at your new place? can katie sleep over tonight? sure, honey! this generation is so dramatic! move with the xfinity 10g network. you have to make it. and if you want a successful business, all it takes is an idea, and now becomes the future. a future where you grew a dream into a reality. it's waiting for you. mere minutes away. the future is nothing but power and it's all yours. the all new godaddy airo. get your business online in minutes with the power of ai. announcer: from the world of politics to the world of business, this is balance of power. ♪

. ♪ when you automate sales tax with avalara, you don't have to worry about things like changing taxr filing returns. avalarahhh ahhh her uncle's unhappy. i'm sensing an underlying issue. it's t-mobile. it started when we tried to get him under a new plan. but they they unexpectedly unraveled their “price lock” guarantee. which has made him, a bit... unruly. you called yourself the “un-carrier”. you sing about “price lock” on those commercials. “the price lock, the price lock...” so, if you could change the price, change the name! it's not a lock, i know a lock. so how can we undo the damage? we could all unsubscribe and switch to xfinity. their connection is unreal. and we could all un-experience this whole session. okay, that's uncalled for. joe: donald trump will become the first former president to stand for criminal trial beginning april 15. welcome to the faster showing politics. we have several points of breaking news today that will help us dictate the future of donald trump's legal life. happy monday,

thanks to avalara, we can calculate sales tax automatically.larahhhhhh what if tax rates change? ahhhhhh filing sales tax returns? ahhhhhh business license guidance? ahhhhhh -cross-border sales? -ahhhhhh -item classification? -ahhhhhh does it connect with acc...? ahhhhhh ahhhhhh ahhhhhh get your business onmis with the power of ai... ...with a perfect name, a great logo, and a beautiful website. just start with a domain, a few clicks, and you're in business. make now the future at godaddy.com/airo hey you, with the small business... ...whoa... you've got all kinds of bright ideas, that your customers need to know about. constant contact makes it easy. with everything from managing your social posts, and events, to email and sms marketing. constant contact delivers all the tools you need to help your business grow. get started today at constantcontact.com constant contact. helping the small stand tall. sonali: this is "bloomberg real yield." it is time for the final spread. it is a busy one. over the weekend in the united states -- monday we wil

thanks to avalara, we can calculate sales tax automatically.hhhhh what if tax rates change? ahhhhhh filing sales tax returns? ahhhhhh business license guidance? ahhhhhh -cross-border sales? -ahhhhhh -item classification? -ahhhhhh does it connect with acc...? ahhhhhh ahhhhhh ahhhhhh how am i going to find a doctor when i'm hallucinating? what about zocdoc? so many options. yeah, and dr. xichun even takes your sketchy insurance. xi-chun, xi-chun, xi-chun! you've got more options than you know. book now. ♪ >> this is bloomberg markets, and it is time now for my favorite needs, the wall street eat where we are looking at was buzzing on wall street and the world of banking and finance and today we are looking at the rise in hedge fund startups. if you think about just where the money has gone in recent years, what is drawing money back into smaller, new firms? >> there's a few interesting data points. there was a barclays report that found that more investors are planning to back emerging oneness this year. another report found that a lot more funds

. ♪ thanks to avalara, we can calculate sales tax automatically.hhhhhh what if tax rates change? ahhhhhh filing sales tax returns? ahhhhhh business license guidance? ahhhhhh -cross-border sales? -ahhhhhh -item classification? -ahhhhhh does it connect with acc...? ahhhhhh ahhhhhh ahhhhhh i think he's having a midlife crisis i'm not. ahhhhhh you got us t-mobile home internet lite. after a week of streaming they knocked us down... ...to dial up speeds. like from the 90s. great times. all i can do say is that my life is pre-- i like watching the puddles gather rain. -hey, your mom and i procreated to that song. oh, ew! i think you've said enough. why don't we just switch to xfinity like everyone else? then you would know what year it was. i know what year it is. sonali: welcome to "bloomberg markets." i'm sonali basak. let's look at how stocks are finishing the week. in the green, but a big move in bonds after comments from fed officials. let's check on the markets. the s&p 500 now higher about 1.5%. nasdaq 100 up about 1% on the day. and we are watchi

when you automate sales tax with avalara, you don't have to worry about things like changing tax rates or filing returns. avalarahhh ahhh ugochi: i'm sonali basak and this is real yield. it's time for the final spread. we got coming up a lot of economic data of china. industrial production and retail sales and a bank of japan decision tuesday. wednesday the fed stern with a big fed decision with a lot of eyes on the dot plot plus we hear from fed chairman jerome powell. the boe decision is out thursday as well as an ipo. let's talk how much we will see in the wild central bank's monetary policy for 40% of the world's gdp coming out next week. the boj, boe and fed are highly watched for their -- and of course there are many others and we will keep an eye on all that throughout next week. from new york that is it for us time same place next week. this was bloomberg go yields. -- this was bloomberg real yield. this is bloomberg. ♪ sonali: welcome to bloomberg markets. we are looking at stocks falling with tech selling off and we are hitting session lows. benchmarks tumble in the last hour

. ♪ sales tax with avalara, you don't have to worry about things like changing tax rates or filing returnsarahhh ahhh >> welcome back to the china show, hour two. we are haftway -- halfway through the session, and yes, we are doing quite well. thank you, jay powell. the stars seem to be aligning and we are seeing 2% gains across the board. csi 300 not as well but still we are in the green. david: the stars have aligned quite nicely, really looking at markets today. it is playing out in japan, where really they hiked but did they cut? i'm just checking my statistics to get this, but i think we are at a near record in the nikkei to 25, thereabouts-- the nikkei 225. thereabouts. we are talking about earlier, the governor and parliament discussing really that the risk was to them and why they decided to move yesterday. if they had waited longer, they would built up some risk. that is out the door. as you can see, the broad-based rally, the bulls are out across

thanks to avalara, we can calculate sales tax automatically.hhh what if tax rates change? ahhhhhh filing sales tax returns? ahhhhhh business license guidance? ahhhhhh -cross-border sales? -ahhhhhh -item classification? -ahhhhhh does it connect with acc...? ahhhhhh ahhhhhh ahhhhhh i think he's having a midlife crisis i'm not. ahhhhhh you got us t-mobile home internet lite. after a week of streaming they knocked us down... ...to dial up speeds. like from the 90s. great times. all i can do say is that my life is pre-- i like watching the puddles gather rain. -hey, your mom and i procreated to that song. oh, ew! i think you've said enough. why don't we just switch to xfinity like everyone else? then you would know what year it was. i know what year it is. the world of business, this is balance of power.

. ♪ thanks to avalara, we can calculate sales tax automatically.valarahhhhhh what if tax rates change? ahhhhhh filing sales tax returns? ahhhhhh business license guidance? ahhhhhh -cross-border sales? -ahhhhhh -item classification? -ahhhhhh does it connect with acc...? ahhhhhh ahhhhhh ahhhhhh sonali: sequence us through the close -- that is all for crypto, stick with us for the close. the future is not just going to happen. you have to make it. and if you want a successful business, all it takes is an idea, and now becomes the future. a future where you grew a dream into a reality. it's waiting for you. mere minutes away. the future is nothing but power and it's all yours. the all new godaddy airo. get your business online in minutes with the power of ai. were you worried the wedding would be too much? nahhhh... (inner monologue) another destination wedding?? why can't they use my backyard!! with empower, we get all of our financial questions answered. so we don't have to worry. empower. what's next. (narrator) frustrated by your weight and health?

when you automate sales tax with avalara, you don't have to worry about things like changing tax ratesing returns. avalarahhh ahhh francine: emma grede is perhaps best known as the founder of skims. the shapewear brand was valued at $4 billion last year. i continued the conversation by asking emme about the business and her commitment to supporting diversity and black owned companies. emma: skims is also huge. did you ever think -- what do you call it, an underwear shaping company? emma: yes, underwear, solutionwear. skims has grown so unbelievably. and, you know that is kim , kardashian's company, it was her idea from the outset. i honestly believe that we never thought that it would just be one thing. we always thought about it as being this huge company that would do lots of things. again, that company was based on just doing one product really , really well. i think that is testament to any great company. we had so much focus in the beginning, here is what we are going to do, we are going to make superior shapewear in every single size and color and it worked incredibly well. franc

. ♪ thanks to avalara, we can calculate sales tax automatically.hhhh what if tax rates change? ahhhhhh filing sales tax returns? ahhhhhh business license guidance? ahhhhhh -cross-border sales? -ahhhhhh -item classification? -ahhhhhh does it connect with acc...? ahhhhhh ahhhhhh ahhhhhh

when you automate sales tax with avalara, you don't have to worry about things like changing tax ratesg returns. avalarahhh ahhh francine: women make up less than a quarter of employees at the thousands of hedge funds and other alternative investment firms globally. they are even more of a minority in senior positions. so when man group appointed an all-female leadership team last year, it marked a massive shift for the company and a milestone for the industry. i continue the conversation with robyn grew. robyn, 240 years old, man group is. robyn: yes, not me. [laughter] francine: you are the first female chief executive of an institution 240 years old. robyn: yes. francine: is it -- should it have been earlier? are you optimistic about the future for females in finance? robyn: i am hopeful that we are going to see a better reflection of difference at the top of every organization, be it financial services or broader than that. has it been a long time coming? i can't help but say, listen, it would be terrific to have seen more female ceo's before me. and i hope we are going to see a lo

. ♪ thanks to avalara, we can calculate sales tax automatically.valarahhhhhh what if tax rates change? ahhhhhh filing sales tax returns? ahhhhhh business license guidance? ahhhhhh -cross-border sales? -ahhhhhh -item classification? -ahhhhhh does it connect with acc...? ahhhhhh ahhhhhh ahhhhhh hey you, with the small business... ...whoa... you've got all kinds of bright ideas, that your customers need to know about. constant contact makes it easy. with everything from managing your social posts, and events, to email and sms marketing. constant contact delivers all the tools you need to help your business grow. get started today at constantcontact.com constant contact. helping the small stand tall. ♪ haidi: ferdinand marcos, jr. is not seeking confrontation with china as mattila works harder -- manila works harder to establish the borders. haslinda joins us. >> the south china sea is one of the biggest challenges for the philippines. increasing tensions from china, the aggressive nature we have seen. chinese ships have rammed into philippine ships ca

. ♪ thanks to avalara, we can calculate sales tax automatically.hhhh what if tax rates change? ahhhhhh filing sales tax returns? ahhhhhh business license guidance? ahhhhhh -cross-border sales? -ahhhhhh -item classification? -ahhhhhh does it connect with acc...? ahhhhhh ahhhhhh ahhhhhh billy's not just running a small goat grazing business he's also the chief marketing officer. and when he needs to round up some new customers constant contact makes it easy. helping him craft the perfect message like a marketing genius so his email stands out. constant contact delivers all the tools you need to help your business grow. if billy can do it so can you. get started today at constantcontact.com. helping the small stand tall. katie: just about four hours away from the march rate decision and everyone's expending applause for now but eyes will be on any further hints of future rate cuts. we are joined by mike mckee from d.c.. walk us through this. mike: everyone wants to see what the dot plot shows whether the fed is now going to cut back on the number of r

. ♪ thanks to avalara, we can calculate sales tax automatically.hhhhhh what if tax rates change? ahhhhhh filing sales tax returns? ahhhhhh business license guidance? ahhhhhh -cross-border sales? -ahhhhhh -item classification? -ahhhhhh does it connect with acc...? ahhhhhh ahhhhhh ahhhhhh ed: welcome back to bloomberg technology. caroline connan let's get a check on the markets. we have been selling ahead of the meeting. nasdaq is off by .6%. big tech is under pressure. this is a crowded trade. of course, after nvidia's all-important tech event is upon us, the woodstock of developer conferences. maybe there is a little bit of chips on the table. ending the policy negative interest rate. we still anticipate where they will go later in the year. bitcoin up by almost 7% certain -- and seeing concerns. tensions still bubbling up with tiktok, but there could be a margin of improvement. of course, the design is up. perhaps we do see some other companies singled out. so, amd on the downside. it is getting so tough as nvidia shows its dominance within the wo

when you automate sales tax with avalara, you don't have to worry about things like changing tax ratesr filing returns. avalarahhh ahhh is personalized based on your goals, whatever they may be. all that planning has paid off. looks like you can make this work. we can make this work. and the feeling of confidence that comes from our advice... i can make this work. that seems to be universal. i can make this work. i can make this work. no wonder more than 9 out of 10 clients are likely to recommend us. because advice worth listening to is advice worth talking about. ameriprise financial. >> president biden has laid out his second term vision to give more services and middle-class tax breaks. eric this is purely theoretical. does this budget have any chance of being passed into law? >> there are some parts of it that will be. there was a debt ceiling agreement in congress and the president last year. those caps are stuck there are a lot of goodies for pre-k education. it just won't be passed by this republican house. it is all paid for by the wealthy. the capital gains tax. this is reall

thanks to avalara, we can calculate sales tax automatically.if tax rates change? ahhhhhh filing sales tax returns? ahhhhhh business license guidance? ahhhhhh -cross-border sales? -ahhhhhh -item classification? -ahhhhhh does it connect with acc...? ahhhhhh ahhhhhh ahhhhhh get your business online in minutes with the power of ai... ...with a perfect name, a great logo, and a beautiful website. just start with a domain, a few clicks, and you're in business. make now the future at godaddy.com/airo how am i going to find a doctor when i'm hallucinating? what about zocdoc? so many options. yeah, and dr. xichun even takes your sketchy insurance. xi-chun, xi-chun, xi-chun! you've got more options than you know. book now. ed: rented the runway as a platform where customers can subscribe, rent items a la carte and sharp retail from hundreds of designer brands and is gifting $1 million in free scoop group yearns -- subscriptions throughout women's history month to women that have reached a milestone in their career. here are the details. ceo jennifer. thi

. ♪ thanks to avalara, we can calculate sales tax automatically.t if tax rates change? ahhhhhh filing sales tax returns? ahhhhhh business license guidance? ahhhhhh -cross-border sales? -ahhhhhh -item classification? -ahhhhhh does it connect with acc...? ahhhhhh ahhhhhh ahhhhhh katie: fed chair jerome powell said multiple times yesterday that the u.s. economy continues to perform well. let's get the perspective from the regional banks. we are joined now by allenby night, alan mcknight cio. great to have you with me. let's start with the dot plot. no change to expected rate cuts, still three penciled in for 2023. it was interesting that that no change came alongside a bump up in expected inflation and growth. how are you reading that? alan: i would take is that it is an extrapolation of what we saw at the end of last year as we saw growth come in better than expected in q4 2023. the numbers are supportive of that. on the inflation front i think they are knowledge and it continues to be more sticky than they would like, and it is coming down. the tren

. ♪ thanks to avalara, we can calculate sales tax automatically.hhhh what if tax rates change? ahhhhhh filing sales tax returns? ahhhhhh business license guidance? ahhhhhh -cross-border sales? -ahhhhhh -item classification? -ahhhhhh does it connect with acc...? ahhhhhh ahhhhhh ahhhhhh her uncle's unhappy. i'm sensing an underlying issue.hhh it's t-mobile. it started when we tried to get him under a new plan. but they they unexpectedly unraveled their “price lock” guarantee. which has made him, a bit... unruly. you called yourself the “un-carrier”. you sing about “price lock” on those commercials. “the price lock, the price lock...” so, if you could change the price, change the name! it's not a lock, i know a lock. so how can we undo the damage? we could all unsubscribe and switch to xfinity. their connection is unreal. and we could all un-experience this whole session. okay, that's uncalled for. you have to make it. and if you want a successful business, all it takes is an idea, and now becomes the future. a future where you grew a dream into a rea

. ♪ when you automate sales tax with avalara, you don't have to worry about things like changing taxeturns. avalarahhh ahhh caroline: welcome back to bloomberg technology. ed: a quick check on the markets. treading water until we get that fed meeting later today. nasdaq 100 very tech heavy index. there's a lot of feel good in that industry right now. intel's $20 billion incentive package with the chips act. name checking their high band with memory chips and qualifying them. we are going to take a look at the yields. fed decision not much expected. piece of news we are monitoring, the biden administration toughening auto emission mandates to boost ev sales. in the near term there some easing on tailpipe requirements but in the long term it will be an epa cap for car and truck tailpipe emissions through the years 2032. the idea is it will push the automakers, particularly the legacy automakers to move quickly in pushing -- boosting sales of battery electric vehicles. we have both pure play and legacy oems on that making both combustion engine and ev powertrain right now. you'd expect

." ♪ when you automate sales tax with avalara, you don't have to worry about things like changing taxturns. avalarahhh ahhh wealth-changing question -- are you keeping as much of your investment gains as possible? high taxes can erode returns quickly, so you need a tax-optimized portfolio. at creative planning, our money managers and specialists work together to make sure your portfolio and wealth are managed in a tax-efficient manner. it's what you keep that really matters. why not give your wealth a second look? book your free meeting today at creativeplanning.com. creative planning -- a richer way to wealth. is it possible to count on my internet book like my customers today at crcount on me?ng.com. it is with comcast business. keeping you up and running with our 99.9% network reliability. and security that helps outsmart threats to your data. moaire dida twoo? - your data, too. there's even round-the-clock customer support. so you can be there for your customers. with comcast business, reliability isn't just possible. it's happening. get started for $49 a month. plus, ask how to g

. ♪ thanks to avalara, we can calculate sales tax automatically.valarahhhhhh what if tax rates change? ahhhhhh filing sales tax returns? ahhhhhh business license guidance? ahhhhhh -cross-border sales? -ahhhhhh -item classification? -ahhhhhh does it connect with acc...? ahhhhhh ahhhhhh ahhhhhh katie: marathon digital is increasing its bitcoin footprint, announcing it will buy a data center in garden city, texas. all the while, bitcoin retreating from its latest record highs. risk appetite wobbles heading into the weekend. joining us is fred thiel, ceo of bitcoin miner marathon digital in sunny miami. you acquired that data center. that was a purchase price of about $87 million. it was interesting to see this happen because people have been telling me for over year that you will see more consolidation in the bitcoin mining space. walk us through why you bought this data mining center in particular. fred: so marathon started back in early 2017, 2018, using a strategy where we hosted our miners with third-party operators. that works well in a bull mark

when you automate sales tax with avalara, you don't have to worry about things like changing tax rateseturns. avalarahhh ahhh caroline: this is "bloomberg technology" and you're looking at a live shot of the principal room. coming up at 12:00, bloomberg real yield. >> we are profitable in the u.s. we have a very meaningful presence in the u.s.. at the same time we are still .5% of the total payments market. there is visa, there's mastercard, tremendous companies. caroline: ceo talking earlier today to tom mackenzie. we want to stick to the fintech theme. look at what is happening around the space. silicon valley bank collapsed almost exactly a year ago. joining us is stephanie kirkpatrick. more on what businesses and individuals have learned and how you are bringing faster transactions deeply embedded into apis that help businesses access their money that much faster. i am interested as we think about -- we are about to get a ton of media coverage on it being the anniversary. lead the charge. it is an anniversary since silicon valley bank poke holes in banks ultimate business models. h

. ♪ when you automate sales tax with avalara, you don't have to worry about things like changing taxfiling returns. avalarahhh ahhh starting a business is never easy, but starting it eight months pregnant... that's a different story. i couldn't slow down. we were starting a business from the ground up. people were showing up left and right. and so did our business needs the chase ink card made it easy. when you go for something big like this, your kids see that. and they believe they can do the same. earn unlimited 1.5% cash back on every purchase with the chase ink business unlimited card. make more of what's yours. annabelle: the founder of chinese boutiques pavillion says the country seemed remains resilient. they spoke exclusively to bloomberg after the country saw sales during the lunar new year period despite slowing consumption concerns. >> since 1895 when the brothers first invented cinemas. it was the first time those cinemas have been closed. it was devastating to the industry. i am very glad that the industry is still very resilient. >> the average age of a theater goer is

. ♪ when you automate sales tax with avalara, you don't have to worry about things like changing tax or filing returns. avalarahhh ahhh not all caitlin clarks are the same. caitlin clark. city planner. avalarahhh just like not all internet providers are the same. don't settle. you want fast. get fast. you want reliable. get reliable. you want powerful. get powerful. get real deal speed, reliability and power with xfinity. she shoots from here? that's kinda my thing. hi, i'm kevin, and i've lost 152 pounds on golo. (uplifting music) my biggest concern when i started golo was food. i'm a big guy and, shockingly, i like to eat. i was worried it was gonna be like other diets that were bland and restrictive. but with golo, my meals are great, and i'm no longer hungry like i was before. i'm so pleased i gave golo a shot. don't wait, go to golo.com. katie: u.s. mortgage applications fell .7% last week according to the mortgage bankers association as high rates keep the buyers away. for more we are joined by abigail doolittle. abigail: this shows us the pain we are seeing as rates are relati