does it come as a surprise to you that alibaba cut prices outside of china?ll. take a step back, we have seen how they have cut prices for cloud services in china and international markets, not the biggest market. it is a matter of time that we see the moves from the company to get back market share for the cloud businesses globally. this will tie in with aia ambitions that the company has for the rest of the year. haslinda: so how might this impact the financial outlook of the company? catherine: excellent question. this is one of three profitable units for the company. we are looking at six major units for alibaba and right now, if you look at numbers, expectations for expansion is too high given the magnitude of price cuts globally. when the company makes report, we will save some form of downgrades in terms of cloud numbers. the market will look to see whether the company can revive topline growth. haslinda: how can the company do that? what can it do? catherine: well, that is the million-dollar question. we have seen rivals retaliating, fighting back wit

catherine: this is one of many businesses within alibaba.is one that most people would like to actually see alibaba develop more of the breakthroughs in technology is pretty in the near term what we have to watch out for is that there will likely be adjustments to the fiscal 2025 numbers. particularly now it seems like expectations of higher cloud margins in 2025 is overly optimistic, in my view, particularly given the price cuts that we have seen. paul: does this invoke a potential response from some of alibaba's competitors? could we see further price cuts going forward? catherine: we have seen that in some of the other companies. jd.com being one of many. i would be surprised again to actually see the adjustments in prices by rivals. whether they are going to do it subtly, or in a much bigger and more aggressive way like what we have seen from jd.com that depends on what comes through over the next couple of months. haidi: catherine lim there. a price war could be brewing. taking a look at some other corporate stories, another key headlin

so alibaba coming in at just the right moment . positive, but i will say that we haven't heard a whole lot yet so that could be premature. >> appreciate that. now today and on what is helping -- happening with the homebuilder. this inflation this morning. >> you said at scott. the average rate jumped nearly a quarter of a percentage rate following this morning's higher- than-expected cpr. we are now at the highest level since the end of november. the homebuilders are obviously taking on the -- still up about 6% year to date. it includes not just homebuilders but home remodeling names like lowe's, home depot and sherwin- williams. of course mortgage names like rocket and united wholesale mortgage. rocket down 10% on the day and not forgetting boston properties, avalon bay and digital realty to name a few. rates are particularly rate sensitive. giving dealmaking are not dealmaking giving these rates. >> diana, thank you. mike, less than 90 seconds to go. the market will be patient. the question is for how long can it last? >> yes. we

give us a sense of the competitive environment and how alibaba is trying to survive in it?tep back, the company cut prices in china which is the key market for its cloud business. as early as last year. we've seen the price within china. for the company to cut prices outside of china, it is what i would see as smaller markets for the business, it does not come as a surprise. this is a sign that the company wants to gain a market share in this space and we will have to see how that pans through over the next 12 months. haidi: how does it impact the broader financial outlook? catherine: well, i think if you actually look at the various business of alibaba, this is a smaller component relative to their traditional e-commerce business. this is one that could drive up the share price, given so much of the cloud and ai, from a financial aspect itself, do not expect a major earnings contributor. in fact, there is room for margin expectations to be revised downwards on the back of price cuts and moves from the company. haidi: bloomberg intelligence analyst catherine lim. another st

actually, alibaba's down 77% from its covid high.ry crackdown by china on technology, you have foreign investors afraid to put their money in china because they don't like how it's treated, so that's why heir down. stuart: alibaba's way down from where it was -- lauren: and even a juicy buyback, their second biggest ever, can't turn that arrow around. stuart: got it. lauren, thanks very much, indeed. we're in business for five and a half minutes, the dow is down 35 points. look at dow winners, please, there are some. i'm reading them for you. we've got dow inc., 3m, merck, caterpillar, goldman zack. the s&p 500, who are the winners there? i'll realize that. general aerospace, or nrg energy, resmed if inc., booking holdings and ups. of course, i know that one. nasdaq winners, booking holding, intuitive surgical, dexcom and meta platforms. the only really big name is meta platforms up to 501. the 10-year treasury yield, way above 4.25%, that's where it was a couple of weeks ago. now at 4.411 and rising. gold, new high. new record high.

liz: alibaba founder jack ma steps out from the shadows with a morale-boosting post.hat enough to boost the stock? we're going to show you the impact. and as we head to a break, chinese a a dr ares are getting swamped with the rest are of the market, but the dow jones industrials coming up off the a lows. still down 431 points. the s&p losing 48. the nasdaq down 144. russell's still getting bruised heavily, down 55 points. ♪ (vo) a law partner rediscovers her grandmother's artistry and establishes a charitable trust to keep the craft alive for generations to come. from preserving a cultural tradition to leaving a legacy, a raymond james financial advisor gets to know you, your passions, and the way you enrich your community. that's life well planned. liberty mutual customized my car insurance and i saved hundreds. that's great. i know, i've bee telling everyone. baby: liberty. oh! baby: liberty. how many people did you tell? only pay for what you need. jingle: ♪ liberty. liberty. liberty. ♪ baby: ♪ liberty. ♪ liz: we should look at bitcoin. we want to update you on th

we saw a letter from jack ma endorsing a major restructuring under way at alibaba generally.r china's sort of tech companies and and how their operations are sort of carried out? look, i think the writing is on the wall. and what was talked about when you think about cloud and i think a lot of the big tech in china has been, ithink, behind many of the us players. but you're starting to see a change and i believe that's bullish for chinese tech. and before we go here's a reminder of how careful companies need to be when navigating sentivities surrounding the conflict in the middle east. apple has been criticised after the palestinian flag emoji was automatically suggested to iphone users who type "jerusalem." both israel and the palestinians hold competing claims to the ancient city. apple has told the bbc that the change — which followed a recent they noted that national flags were not suggested for other capitals. apple told bbc the change which followed a recent software update — was not intentional. you can read more on that story on our website. and that's it for this edi

we saw a letter from jack ma endorsing a major restructuring under way at alibaba generally. change under way for china's sort of tech companies and how their operations are sort of carried out? look, i think the writing is on the wall. and what was talked about when you think about cloud and i think a lot of the big tech in china has been, ithink, behind many of the us players. but you're starting to see a change and i believe that's bullish for chinese tech. and to other news making headlines. the us national transportation and safety board says the loss of an engine cover on a south—west airlines flight was a "maintenance issue". the agency said it will not open a formal investigation into the incident that took place on a boeing 737—800 jet. it was taking off in denver on sunday when its engine cover fell off, striking its wing flap. no—one was injured. the federal aviation administration, which is currently investigating the incident, did not immediately respond to a request for comment. and before we go here's a reminder of how careful companies need to be when navigati

overnight we saw a letter from jack ma endorsing a major restructuring under way at alibaba.n the wall- _ on the way? the writing is on the wall. when _ on the way? the writing is on the wall. when you _ on the way? the writing is on the wall. when you -- - on the way? the writing is on the wall. when you -- whenl on the way? the writing is on . the wall. when you -- when jack the wall. when you —— whenjack ma is talking about it, china is behind many of the us players, you start to see change. i believe it lists were chinese tack.— chinese tack. dan ives there. before we — chinese tack. dan ives there. before we go. _ chinese tack. dan ives there. before we go, here _ chinese tack. dan ives there. before we go, here is - chinese tack. dan ives there. before we go, here is a - before we go, here is a reminder of how cable companies need to be when navigating sensitivities surrounding the conflict in the middle east. apple has been criticised after the palestinian flag emoji was automatically suggested to iphone users to type in "jerusalem". both israel and the palestinians ho

tax paid to the alibaba site alia founded a platform called tao , owned by a chinese manufacturer, alia belongs to producers under five people, that is, it is not owned by the seller , the producer is under five people, because it was a regulatory platform. you could save all the chinese food manufacturers from the hands of walmart brokers. 3/4th of china's online business came to this platform , and the transactions increased to 500 billion dollars. it became the second largest online sales platform in the world after amazon, that is, if the government or our endowments could nizam should explain that now the hidji who is producing shoes is the sarijello who has a backpack it produces the mashkan that is producing leather in parallel so that it does not have a place to sell, so that the product does not reach the hands of the brokers and again the capital is concentrated in the system. looking at the middle circles, we have an idea for this issue . how many middle circles are there in the society now? they are groups of people who can find a solution to solve the problem in a minute an

so you saw chinese equities underperform and names like alibaba, down 3% to 4%.nese based research firm that wrote a note saying that they're bringing down their earnings projections for alibaba, which you can see that stock down as well right now. >> just as jack ma comes back a memo to employees, maybe a little bit of cold water there. we've been talking about sort to have narrative changing a little bit in the chinese economy with growth getting better. what impacts are higher interest rates going to have here in the u.s.? >> yeah. similarly for other countries, i think higher interest rates do make the cost of capital a lot higher, and tougher for these countries to pay off. so clearly in this type of environment, if we do see higher interest rates for a prolonged period of time, it's a change in expectations for these countries and investors pricing in a fed rate cut. that's something that china has to think about, as well. >> thank you. a key dynamic here. >>> we're sticking with international markets. robert frank joins me now to look at the wealthy and pa

in alibaba's business. tim? >> interesting. for a stock that's been stuck between 71 and 78, this isn't the reason to take it higher. they're talking about more growth, they're talking about price cuts in ali cloud. they are focused on some of that business. their international business, which has grown 40% a year, they're talking about cost-cutting and the domestic commerce is getting better. it's all going to come down to what the government wants this company to do. that's what's been the ball and chain on the stock. so, it's great to hear about a.i., but they're not the kind of folks to get the a.i. pixie dust. >> macy's settling its proxy fight with archouse this morning. macy's saying it will add two new directors to its board, both of whom were archouse nominees. they continue their effort to take my iacy's private. they ended the day up more than 2.5%. karen? >> sort of an interesting turn of events here. macy's sort of -- must be a little bit worried they would have lost the proxy fight. they didn't want to face that.

any company that is operating with a connection to china here in the united states, even if t's an alibaba, e-commerce, they're talking about privacy, but i mean, you're giving them information when you're ordering from alibaba to your personal details, i mean, does this put other companies potentially at risk? >> i mean, it absolutely does. the question is, is this actually going to go through, where does the buck stop from there? so, you bring up a really good point. it's interesting, it comes in this year which is going to be such a political football. if you are trying to get the gen z vote and take away tiktok, i don't know if that's what you're trying to do with that. i don't know if that will go through, if we're going to see a ban of tiktok. it would be one of those political suicide things, but that is the argument of, who is it going to benefit? it could benefit snap chat, they have a younger demographic. i would argue google will benefit, because they have youtube, which is definitely going to benefit them. probably more so even than a meta, but i think this is all just, like, a

this year, there have been many doubts and questions about the company, and babel alibaba shar an outlieray because they are up about 2%. >> i think the stock is very inexpensive. can we reflect on sara's excellent interview? >> sure. >> we have our treasury secretary go to china and basically slam the chinese, right? then, we have fitch downgrading china, okay? well, these aren't supposed to happen. we're supposed to go there and try to sell more prell, for heaven's sake. we're supposed to open more plants and take share. meantime, what happens? tim cook. devices in india. >> yes, 14 -- yeah. >> do you think he's sitting there and saying, oh my god, china's not growing and india has the youngest population? i'm saying there's a shift going on, and we act as if the chinese, because they do have a very powerful military, are always threatening us. taiwan semi with a fantastic number last night. when i listened to the interview with sara, i say to myself, wow. where's the old days where we were mendikens for chinese business? those days are over. >> direct foreign investment has fallen dram

the moodies, well, baby, come on, show me, come on, opa, come on, come on, come on, show us your alibabarably, furs, swill, clothes, men's, women's, take what you want, well, you're a baber. he grabbed so much goodness, tell me, who is with you, and you care what you say, misha, where is what they took from the warehouse, here, of course, there is no key, gloomy, wait. precautionary measures, and you are a prudent bomber, oops, oops, oops, oops, i told you, guys, here it is, here it is, the pine tree has fallen. here look where the firewood comes from, i think i understand, this is all trophy, conquered europe, look, the recipient of the ussr state bank, sender, military unit litera k, litera k, gbshnye, the rats on the roof have covered up, so that’s it, gloomy stone, let’s get the boxes out. well, what do you suggest? i take it you have an idea? yes, should i extinguish this beaver right here, and divide the swag like a brad, and then i’ll run around like a hare for the rest of my life? no, mish, this arrangement does not suit me. what do you propose to hand over all this? no, yuri, i

have this washing machine and this vacuum cleaner, which he would have bought for himself on... some alibabaat is it called, why the hell would he go to the army at all, but he didn't go , i wouldn’t go, of course, so these people think strategically, ten years ahead, understand how to prepare the population, when the choice is only one, either to the shack, or to military service, to the shack, that’s the whole story for you, and it’s actually completely realistic assessments, perhaps pessimistic... realistic for some, but in fact, such is life, and such are the realities of our country, and until we understand this to the end, until that moment we will repeat the mistakes of the past, because always, always in principle they say that we must take into account all the mistakes of the past in order to have the present and to have the future, we do not take into account the mistakes of the past. we don't have a future, that's all, and you were absolutely right about the 90s, and in the end, a lot of things were similarly forgotten, a lot of time and zero, and even in fact we are getting up to

would have this washing machine and this vacuum cleaner, what would he bought for himself on some alibaba what is it called, why the hell would he go to the army at all, he didn't go, he wouldn't go, of course, so these people think strategically for ten years ahead. they understand how to prepare the population when there is only one choice, either to go to prison or to military service, well, that’s the whole story for you, and these are actually completely realistic estimates, perhaps pessimistic, realistic for some, but in fact such is life and such are the realities of our country, and while we are we will not understand until the end. until that moment we will repeat the mistakes of the past, because always, always in principle they say that we must take into account all the mistakes of the past in order to have the present and have a future, we do not take into account the mistakes of the past, we do not have a future, that's all, and you absolutely correct they also talked about the 90s, and in the end , a lot of things, a lot of time, and in the end, were similarly lost. and even

would have this washing machine, and this... a vacuum cleaner that he would buy for himself on some alibabad, why the hell would he go to the army at all, but he didn't go, he wouldn't go, of course, that means these people. they think strategically, ten years ahead, they understand how to prepare the population when there is only one choice, either to go to war or to military service, go to war, that's the whole story for you, and these are actually completely realistic assessments, perhaps pessimistically, realistic for some, but in fact such is life, and such are the realities of our country, and until we understand it... until the end, until then moment, we will repeat the mistakes of the past, because they always always say in principle that we must take into account all the mistakes of the past in order to have the present to have a future, we do not take into account the mistakes of the past, we do not have a future, everything, and you were absolutely right and about the 90s, and in the end, a lot of things were similarly erased. a lot of time and in zero and even in fact we are get

would have this washing machine and this vacuum cleaner, what would he... buy for himself on some alibabaalled, what a fig he is would have gone to the army at all, so he didn’t go, he wouldn’t go, of course, so these people think strategically ten years ahead, they understand how to prepare the population, when there is only one choice, either to join the army, or to military service, to join the army, here you go and the whole story, and these are actually completely realistic estimates, perhaps pessimists. realistic for some, but in reality this is life and these are the realities of our country, and until we fully understand this, until that moment we will repeat the mistakes of the past, because always, always in principle they say that we must take into account all the mistakes of the past in order to have the present and have the future, yes. the past, we don’t have a future, that’s all, and you were absolutely right about the 90s, and in the end, a lot of things were similarly lost, a lot of time and zero, and even in fact we are picking up 2014, i mentioned, i even if we now open

the last children's record that i played was alibaba and the 40 thieves, which had such disco fun and door, and i installed it, turned off the light, i put on my headphones, and there were riders on the storm, and i was like, wow, wow, i remember this impression, it was just such a blow , so i didn’t go after it, it seems to me, well , you can cover this, that is, you’re such a dorman, yes, no, in fact there was a lot of stuff there, for example, i had all the records there, namely roots, blues, i see , that you are a decent person, so tell me again, you are soviet-russian, you were hit at that moment, at school, in the first grades, to me i got a cassette, on one side there was just such power metal, halloween or running wild, something like that, on the other side there was carmen, there is san francisco, the city, and what kind of hero is this who recorded two sides, one is like this , another one, it was my classmate. absolutely, i remember his face, sly, so it turned out that i started listening more often, probably to this parmetallic story, although my parents tried to instill

dollars, they heard crickets the second high-profile cancellation in the last week, the other one alibabaire all dollars to get done the hong kong dollar, u.s. dollar have the peg no one is interested in investing in china or hong kong right now no one kind of the majority of investors have taken their money the other way, hong kong's index down 50%, since the chinese communist party took over in 2020. implemented their ill-fated national security law, xi jinping worst had the enemy in financial markets that is just going to continue. maria: you've been saying this for a long time finally some wall streeters catch up i read report goldman sachs said china uninvestable you toll us editors ago there is still a wide-open u.s. market for chinese companies the chinese company shein, public naimentz on u.s. exchanges american investors buying stocks in effect funding expansion of communist china doesn't it start at the top? why are u.s. officials so afraid of to pull the cal market lever get these off our exchanges if china is be haifg. >> we just need to require chinese companies, same audits

. >>> shares of alibaba jumping.is support of the company's restructuring efforts. he praises those who helped make alba be more customer focused. it's been a rare view of ma who's been out of the limelight for the past few years. >>> tsmc's quarter one revenue beats on ai boom. >>> coming up on "worldwide exchange," the one word every investor needs to know today, plus the advice the next guest is offering on fed rate cut expectations and why we may not be out of the woods just yet when it comes to inflation. >>> and coming up tomorrow, "cities of success: denver and bou boulder," that premieres on cnbc tomorrow. we'll be back in a moment. >>> welcome back to "worldwide exchange." it's time now for your w.e.x. wrap-up. apple has assembled $14.5 billion worth of phones in india. they're following amazon and microsoft's lead by skexpandingn florida. they have a smaller office area focusing on latin america and its ad business. >>> microsoft and netease team up again after their decade-long fallout last year. >>> chine

alibaba even tencent. >> the one i would buy is tsmc in taiwan. i think, of course, the chinese will likely get their hands on tsmc. they already benefit to some degree on the products from tsmc , but that is the one i would bet on. >> so you would not be picking up any chinese stocks? >> not at this stage. haslinda: all right, thanks to our mliv executive editor, mark cudmore. mark mobius sticking around. bear with us. still to come, goldman sachs shares their outlook on india's financial sector. it appears that strong growth is over, at least in the near term. this is bloomberg. ♪ starting a business is never easy, but starting it 8 months pregnant... that's a different story. with the chase ink card, we got up and running in no time. earn unlimited 1.5% cash back on every purchase with the chase ink business unlimited card. make more of what's yours. haslinda: welcome back to "bloomberg markets: asia." markets expecting the fed to wait until september for its first rate cut on the back of that strong i sent back to be pivot data. traders also p

that growth is way ahead of its chinese online peers tencent and alibaba, a sign of the tiktok owner'silience in the face of an economic downturn. coming up, we hear from the center for a new american security about how the south korean president's parliamentary defeat could impact the rest of haidi: south korean president has suffered a major defeat in parliamentary elections that will leave him in a weakened position in the remaining three years of his term. his conservative party secured about 105 seats in the 300-seat parliament, down from 119 before the vote. let's get more analysis with duyeon kim, and adjunct fellow at the center for the new american security who joins us from seoul. really glad to have you with us. did the extent of this loss surprise you at all? guest: i think we start the exit polls and that was, they were an early indicator of what we might expect. you know, this certainly is a big loss for the ruling party and for president yoon. and the stakes aren't really high especially because his domestic agenda has been to implement a liberal democratic agenda at hom

they hold names like jd.com, tencent, alibaba. we have seen huge inflows.gest hung tech etf saw 71 million dollars in inflows just this week alone. but some of these people have a profit opportunity because it has rallied so much. we have seen up close. they saw 33 million in outflows. etf's sare roughly 43 million dollars in outflows. it is really positive sentiment across the board. haslinda: the question is whether it is sustainable. can fundamentals support the actions so far? robert: i don't think there is any debate about those stocks being at low valuations. and it downside news is priced in. take a company like $.10, which we have talked about before. it is solidly positioned. the fundamentals look intact. using that as an example, i think it is justified and understandable with the bond fishing going on, looking at asian stocks which have materially outperformed international peers for people looking for value plays within asia and hong kong in particular. haslinda: but it is susceptible to movements in volatility because it is dependent on sentime

talk about alibaba, which trades at eight times earnings. eight.oes not close to -- does not trade close to eight times. it will go up that curve because there is a national policy for chinese companies to be dominant players in this space. and he has been right about apple being able to thread the needle in china. i think that area or opportunity is getting narrower and narrower. when china feels like it does not need apple to thread that needle, apple will not be able to thread that needle. for now, i am buying the cheap alibaba play, where it has dramatic upside, and thinking that over time it will dominate more and more of that chinese market. jonathan: jay pelosky of tpw sticking with us. coming up big tech earnings continue this week for two companies with very different fortunes so far this week. tom forte joins us next to preview apple and amazon. in the bond market, your 10 year yield at 4.62. for the dollar-yen 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 th

my continue to struggle against alibaba and huawei. shares better by 31%. more to come.s is bloomberg. 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. people couldn't okaysee my potential. for. so i had to show them. i've run this place for 20 years, but i still need to prove that i'm more than what you see on paper. today i'm the ceo of my own company. it's the way my mind works. i have a very mechanical brain. why are we not rethinking this? i am more... i'm more than who i am on paper. >> we can say that the relationship is getting w

and alibaba is slashing cloud prices.mes amid a surge in demand for cloud to support the global boom in ai development as well as complicated internal restructuring. some key lawmakers struck a deal on national data privacy. the landmark agreement reached by the house energy and commerce chair and the senate commerce chair would be the first time established federal consumer data privacy rights would be formed and would allow americans to sue company such as google and meta over violations. meanwhile, the department of homeland security is out with a report on microsoft that was pretty damning. it assessed a microsoft exchange online intrusion. let's dig into what that report showed, the limitations, and overall the cybersecurity space as it sits now. former cybersecurity and infrastructure security agency chief of staff kiersten todt joins us now. we do not want to overlook this. it came at the beginning of last week, but it almost highlighted 101 cybersecurity etiquette that seemed to have failed at microsoft. can you d

, actually has a value that is far above that of the public market value of alibaba, just to put it inspective, at least based on the last round, and if you even put a multiple on some of the numbers i hear in terms of the profitability of bytedance. i say that because there are those who say, well, you know what? even if they were to close down the u.s., it wouldn't impact the company as much as you might think. >> right. >> although the value, obviously, you could argue is quite high for tiktok, given its p popularity in the u.s., and then we come back to this process that was outlined a bit by mark warner and that very well may be very close in terms of actually playing out here, which there is a hope somehow that bytedance would be able to sell the u.s. -- by the way, the bids that may be existing from mnuchin's group or bobby kotick or something he would put together are for all of the tiktok outside of china. it would be similar to what was done four years ago or the attempts that were made four years ago. >> organiacle? >> no, you would buy europe. it would be tiktok, you know,

no no no no no no, it is a chinese ship from alibaba. it's made of plywood. oh no. happened there? >> sad times . >> sad times. >> sad times. >> what's the what happened there? >> do you think the ship fell over? it's not supposed to do that. >> thank you. i've been up since 4 am, so i can't quite see the screen. >> that's how ships work . >> that's how ships work. >> that's how ships work. >> ben. no, what's. >> ben. no, what's. >> what's the worst, yeah . to >> what's the worst, yeah. to the panel. what's the worst? first you've ever had? so that ship was, you know. well, i can't say first time out into the water or i'll say before the watershed . watershed. >> what's the time? the trouble is, i hasn't got any better , is, i hasn't got any better, just more of bad. that's what. >> that's my diplomatic diane. the first worst thing you've ever had. oh, my god, actually, the thing i ever had the first worst thing i ever had or did or did, i would say actually bowling. >> i sort of turned bowling from bowling to shot put. was bowling to shot put. i was horrendously ba

language model, he needs to tap that investment cash out similar to how he's been tapping into his alibabatment from decades ago to fund softbank's other initiatives. >> arm up about 93% in the past six months. >> there you go. >> dee, thank you. deirdre bosa. >>> coming up here on "power lunch," ubs warning that the impact of online penetration into retail may still not be done and we could see around 45,000 stores closed in the next few years. we'll tell you which companies could be at risk business. it's not a nine-to-five proposition. it's all day and into the night. it's all the things that keep this world turning. it's the go-tos that keep us going. the places we cheer. trust. hang out. and check in. they all choose the advanced network solutions and round the clock partnership from comcast business. powering more businesses than anyone. powering possibilities. [thunder rumbles] ♪ ♪ ♪ ♪ 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? ♪ ♪ [thunder rumbles] ♪ ♪ i don't

bytedance profit roeportedly ha surged 620% according to rivals ten cents and alibaba.ytedance's scrutiny in the u.s. with lawmakers seeking to ban tiktok in the country unless it sells the platform. >>> tsmc shares are up almost 1.5% after they surged manufacture than a third after the sale in march, adding up to 1 195, $21 billion. >>> google is setting out the details of its new center called actionion. it will enable it to compete with firms like nvidia. >>> intel is announcing its new gaudi chip. the hardware will be available to customers in q3. >>> well, nvidia shares are recouping some losses the premarket trade after slipping in negative territory, a drop of 10% or more, thissin on the bacf the positives of tsmc and their rivals. >>> investments into ai could be crowding out non-ai. some could still see some growth again this year. . joining us to discuss it more is david choi. david, good of you to join us. i'd like to ask you a quick question on nvidia. the correction we've seen, is this a much needed breather or the start of something bigger? >> hi, mandy. g

i con promise if alibaba and baidu don't get going, the fxi, which is the etf won't get going a littlet. i bought gold. so far so good. we'll by any oils on any pullback here. i'm not exactly thrilled with gold and oil thrilled with the rest 6 market but i go where the ball is bouncing my friend. charles: i hear you. i get back to the 5% on the 10-year. i have to be honest with you, we get above 4.7 i'm raising a lot of cash, gary. >> i can't argue. there is a lot of talk about inflation and interest rates. i've been talking a lot on my radio show about the debt and interest rates. what this administration is doing, it is not talking about enough. we're 2.7 trillion was added to our debt in the last year and they have guaranteed two trillion dollars deficit for the next, 10, 15, 20, years if not more based on their, just unimaginable amount of spending and the size of government. that's to be watched. why? we have bond, bonds coming out, tones of them, trillions in the negligence year, if those bond funds don't work out well, all of sudden yields start spiking that is the cost of capit

my next guest runs a bank and is a former executival alibaba and goldman sachs.a unique perspective on the industry. joining me now in an interview is jackie reses, co-founder and ceo of her company. thanks for being with me. >> happy to. >> most of us are looking for a soft landing or no recession. what does loan growth look like? >> yes. so we had muted loan growth for obvious reasons because of the rise in interest rates. i think we have had this unusual environment where we have had incredible unemployment numbers. we have actually had a pretty benign level of credit defaults. and so it's been a pretty robust environment for banking in general, with the one exception of loan growth, because we have sitting here with high interest rates. so we're at the point now where there's expectations of a rate decline. i think the fed is reluctant to move too quickly so we don't see an environment where they maybe make a mistake by a quarter or two. so we're sitting here towards the end of the year, and we have expectations that rates will decline and you would expect to

this is third, you know, stuff, it's holding in like a champ since those january lows and i think alibaba a move that we've seen over the last couple years to the upside. >>> coming up, is home ownership really worth it? a new study shows it's no chuper to rent than own in all of the biggest metro areas. the immre cases of this big switch for the housing trade, that's next. >>> plus, don't touch that dial. we've already kicked off another huge week of earnings. apple, amazon, and a whole slate of consumer names on the docket this week. how options traders are gearing up that's right after this. >>> welcome back to "fast money. to buy or to rent? that is the age-old question be the you live in any of the 50 largest metro areas in the u.s., a new report may have a surprising answer. cnbc's diana olick has more on that story diana, given u us the facts. >> okay, courtney. the rent versus own map used to play out differently city to city, but home ownership has become so expensive that renting a home is now cheaper than buying one in all 50 of the largest u.s. metro markets and that's accordi

we just heard that alibaba cut its pricing 23% for international customers who use data centers that are housed outside of mainland china. does that put pressure on these other hyper scalers? >> so, i did ask what monty saks looks like, and he said there's customers coming over from other cloud platforms to take advantage of their generative a.i. tools. he says this is new money being spent. he didn't talk about the exact pricing of it, but the idea that it's new income and they're not just changing it and they're going to google because they offer a unique set of these tools. >> all right, d-bo, thank you. so, does anything -- i mean, you mentioned the chips. they're using nvidia h-100 architecture, right? they are using arm architecture, so, it's not necessarily a, you know, we're pulling the chip-making business entirely. >> i think that's sort of the point dan was making, i don't think that's what's happen. october of last year, they had that 11th hour meeting, the emergency meeting and the stock fell off a cliff? that was obviously a weak point. now, at least, they're flexing a

and now at 2460, i think you can own the fxi, and alibaba holding in there, it hasn't traded particularly but i think china is going to surprise people to the upside. >>> coming up, housing market havoc. home prices in february more than 5% higher than last year. we'll explore the lock-in effect of high mortgage rates and low supply hitting buyers and sellers hard. >>> plus, disney's board room battle coming to a head before a major vote tomorrow. what's at stake for bob iger and nelson peltz and the rest of the magic kingdom, right after this. it's hard to run a business on your own. make it easier on yourself. with shopify, you have everything you need to sell online and in person. you can have your inventory, payments, and customers in sync across all the places you sell. it doesn't have to be lonely at the top. join the millions to finding success on their own terms. start your journey with a free trial today. maria and julio thought their life would never slow down. then one day, it finally did. you were made to find inner peace. we were made to track flight prices to paradise. >>> w

alibaba does not grow as much as it did before. the same is happening in the u.s. text space. these companies in china are just like the u.s. companies. they are cash making machines and they are paying dividends. i think the risk reward is some of the best in the world because the risk is already in the price and the reward is starting to materialize. jonathan: i'm sure you have converted a few nonbelievers. it is 2025 and 2020 six. why has this been extrapolated out? it feels much more longer-term. >> we put out a piece in the beginning of november. the title was, surprise, surprise. we had lower inflation, sooner than expected, better productivity growth. all of those playing out with a return to stability argument. look at the move, look at the fed. with all respect, i pay virtually no attention to that anymore. jonathan: we just had an eight minute conversation and that is how long it took for you to mention the federal reserve in your whole thesis. >> it does not matter. the important thing is that the fed and the markets are in sync after being out of sync. now we are b

the owner of tiktok said the revenue soared 60% in 2023, the first time it's outpaced tencent and alibabaan uncertain future in the u.s.. the house passed a bill last month to ban tiktok unless bytedance sells its prized assets. that is your bloomberg brief. jonathan: some stunning numbers there. up next, boeing's deepening crisis. >> we will approach this acknowledging our mistake. >> we don't put airplanes in the air we don't have one hundred percent confidence in. jonathan: that story is up next. ♪ 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. mov