on the future of money. his thoughts, that some bloomberg tech knology. ♪ -- thoughts on bloomberg technology. ♪ caroline: jpmorgan ceo jamie dimon. he is laying out his vision for the future of money in this ai world. this is with bloomberg originals house emily chang. take a listen. jamie: for any business when you think about risk things could go terribly wrong, can you survive them? it could be technology, government regulations, it could be the weather if you are a restaurant. they could close you down and if you lose this week's business you out of business. emily: how could fintech replace banks? jamie: he's not wrong the technology changes everything. what is banking? somebody has to hold the money, someone has to move the money, someone has to raise the money. someone has to research the money. those services will still need to be around and tech helps us do a better job of it. i have been writing about big tech and are business. we have fintech and they have big tech. i would be against an unfair use of their position to dominate a business. >> apple is going into financial. jamie: if they hold money and

hours later on bloomberg originals.er some of the other stories making the news, hsbc are said to have started a new round of job cuts on his asian investment bank. the lender laid off about a dozen backers on tuesday. cross asia has little bit. especially in hong kong and china. they made rounds of job cuts in asia over the past 18 months. they are halting all chickens for passengers for the day. bad weather injured by. it disrupts travel in one of the biggest aviation hubs. it stems partly from cloud ceiling operations that are meant to encourage rainfall in the uae. the u.k. chancellor tells bloomberg the start of rate cuts could lift the mood in the u.k.. it is at an autumn election. we bring more with our interview. that is next. this is bloomberg. ♪ >> welcome back to bloomberg daybreak: europe. jeremy hansen is the prospect of interesting cuts will lift the mood of voters and say the government will call a general election until the autumn. >> the decision for the independent bank of england -- that decision is t

it is also available on the mobile in the bloomberg anywhere app. stomize those settings so you get the news on industries and assets you care about. this is bloomberg. ♪ 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 happily fulfilled with your life... which is pretty un-boring if you think about it. thank you, boring. at cdw, we get if y

more on that in caroline: this is "bloomberg technology." coming up on bloomberg television," p.m. stern time, bloomberg etf iq. this is bloomberg. ♪ ed: an online alternative to community colleges, trying to tackle all kinds of problems, one of them being student loan debt in the united states, and it caught the attention of founders fund, the new extension round in the platform. disclaimer, someone with a bloomberg lp is also invested in them. joining us are trae stephens and another. you paid $77,000 for the course and are bringing an employment opportunity for very talented investors, which raises the question, why do you need $23 million more? tade: yeah, thanks for having me. a lot of them are looking for gig work, and what we do at campus is we allow them to teach, bring access to people who have never access to this quality of education before, and as you pointed out, the federal government does pay for a lot of the tuition with the grants. ed: one of the learning from research and looking into the system of our brightest academics and teachers are pretty poorly paid in this

that story just out on bloomberg and will surely be online soon. head on the program. this is bloomberg technology. ♪ from southern new hampshire university. ♪ ♪ - i'm nervous, i'm excited. ♪ ♪ - [man] okay, let's see it. let's see it. - oh my gosh. - jesus suarez, i did it and it's here. (group cheers) ♪ ♪ - [narrator] next term starts soon. visit snhu.edu. visit snhu.edu. 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. >> you are looking at a live shot of the principal room. coming up, cantor fitzgerald ceo howard let nick about his desk howard lutnick. this is bloomberg. time for talking tech. abu dhabi startup chief 42 is choosing sides. the company known for a sprawling product portfolio is teaming up with american companies like amazon and microsoft and divesting from its chinese partners. the move comes amid worries from u.s. officials of open backdoors from the chinese

one. this is bloomberg. a quick talk intact. there's a lot going on.the biden administration plans toward samsung as much as $6.4 billion in grants to increase chip production in texas this is part of u.s. efforts to bolster domestic semiconductor manufacturing. the south korean company plans to invest more than $40 billion overall. plus, anderson horowitz closed over $7 billion for its newest set of funds. and openai named the former president of aws japan, tadao nagasaki, to spearhead its push. openai is opening an office in tokyo as it releases a custom gpt model catering to japanese language users. caroline: let's get to more broadly and ai contacts, because we all think about how to re-skill, and companies are thinking about how to re-skill employees at the moment. google cloud is the king about its own role within this. of the company is announcing a new tech training initiative in part should with visitations like the u.s. department of the treasury and rackspace to repair the workforce with generative ai skills and more. i am pleased to welcome

welcome to "bloomberg markets." green on the screen, another quiet day, the s&p 500 currently higher by .1%. i said it was quiet. take a look at the nasdaq 100, up .2%. .3 percent, even. small caps, not exactly leading, but not a laggard, either. in some ways, it really feels like the trading week starts tomorrow with the march cpi reading. joining us for more is bloomberg's mike mckee. how consequential are these numbers? mike: they will have a lot of impact, particularly the markets . this is the last cpi they will get before the beating, it will definitely figure into their thinking. it could make the case that the folks at state street are trying to make, the economy is weaker than they thought. they won't cut 50 basis points unless we get a big drop in inflation and inflation is expected to drop, but only a bit. the headline and the core are forecast to drop to 3/10 for the month, sending the core down on a year-over-year basis. the headline, driven by base and energy, is supposed to rise, not something that would give

we will get more on that in every coming up later on -- on that interview coming up later on bloombergevision online and on the terminal. here are some pictures from u.s. treasury secretary janet yellen's meeting with business leaders in china a short time ago as her weeklong trip to china gets underway. yellen commenting she seeks healthy ties with china while warning on overcapacity. we will have more details on her agenda in just a moment. but first, a team of bloomberg economists also recently made trips to shanghai for meetings with the as well as locals. -- joins us now -- david joins us now to talk about his impressions from that visit. what were some of your impressions from that visit? david: overall speaking, people are still conservative about the economy. although we saw a rise in the pmi in march. this recourse, what happened last year when we also saw that the rise in the pmi in the first couple of months, but then the economy, then the economy softened in the following quarter. so, that's, you know, on the ground survey tells us we should still be cautious about the read

this is real yield on bloomberg. ♪ (upbeat music) there's more to business than the business you're inif you use data, that's the privacy business. manufacturing on demand? you're talking cloud business. got a few million hyper-connected customers? digital experience business. that was fast. that's where deloitte comes in. with the right combination of talent and technology to help advance and connect all that it takes to excel in business ... to the business i'm in. deloitte. ameritrade is now part of schwab. bringing you an elevated experience, tailor-made for trader minds. go deeper with thinkorswim: our award-wining trading platforms. unlock support from the schwab trade desk, our team of passionate traders who live and breathe trading. and sharpen your skills with an immersive online education crafted just for traders. all so you can trade brilliantly. sonali: i'm sonali basak and this is bloomberg real yield and it is time for the auction block where we highlight the debt sales for the week. we start with europe's primary market. well beyond expectations and one notable deal was

this is "real yield" on bloomberg. ♪ the road to opportunity. is often the road overlooked.se mobility, we guide companies to unique solutions, from our team of mobility experts. because we believe the more ways we all have to move forward the further we all go. (grunting) at morgan stanley, old school hard work meets bold new thinking. (laughter) at 88 years old, we still see the world with the wonder of new eyes, helping you discover untapped possibilities and relentlessly working with you to make them real. old school grit. new world ideas. morgan stanley. sonali: i am sonali basak and this is "bloomberg real yield." this week's ecb data affected data. volume coming in just past 40 billion euros. that was even with today being the fourth zero sale session this year. here in the u.s. with treasury auctions. we saw weak demand with the 10 year seeing the lowest bid to cover since december of 2022. hot cpi numbers. the total still met the low end of dealer estimates. a notable sale from diamondback energy drove sales to over $20 billion. even with this week's volatility, pre

ed: bloomberg's dina bass one of the bilines reported on bloomberg this tuesday.e've had the reporting and details, let's get more analysis and reaction with dan yves. you've covered this from microsoft's perspective and written a few notes about the bigger picture of open a.i. and the a.i. buildout. give us your scorecard on this redman and u.a.e. operation. dan: it's a massive strategic bet. for g-42 they had a choice, china and u.s. or redman. you'll take microsoft every day of the week right now along with n-video. for microsoft, just another doubling down. they're playing chess and others are playing checkers. ed: dan, microsoft is forming a lot of relationships with a lot of different people. are they making sure they're covered, basically? dan: they know their way ahead and they're putting the guardrails up around the world to any blind spot, the middle east being one of them, they're betting on the big horse and they ultimately had to divest the chinese piece, also making sure within the beltway, the 202 area code. and microsoft is miles ahead and further

we will have more on that next. is bloomberg. music note >> i think here powell has made it very clear he is willing to look through these bumps. they will need overwhelming evidence is more than a bump for them to change their views. >> i think you look forward and you talked about in the last hour about business confidence, if you look forward, there are reasons to believe this economy may slow. you would be more dovish than you would otherwise. if you focus exclusively on the data -- line >> small business optimism, sometimes it is hard to know how to read some of these gauges. how important is this in contrast with all of the bullishness we keep hearing? >> the big mistake was in 2021 where people embrace the transitory narrative. we are going to pass on the imported inflation. listen to the earnings call. i do think you need to listen to them. often the aggregate data does not capture what businesses are feeling on the ground. >> now to another interview. the u.s. ambassador to japan has told bloomberg that washington is see

ravin: if you look at maybe my last 10 appearances on bloomberg, i have been somewhat bearish and eightne of them so i am generally a big skeptic when it comes to looking at dark clouds on the horizon. at this point, i am really impressed with the strength of the consumer. you could not have thrown more things at the american consumer between 2022 and 2023. the fact that most companies are having beats is amazing or tickly in the u.s. -- amazing particularly in the u.s. think the american consumer is pretty strong. katie: before we leave the u.s., you talk about the strength and resilience of the american consumer. how is that affecting your thinking when it comes to potentially raising prices on your end? how are you thinking about how much pricing power you have left at this point? ravin: i usually have pretty low pricing power because all of my clients are these big multibillion-dollar corporations that have huge, sophisticated purchasing apparatus. we have seen our raw material inputs go up about 4% this year. we have been able to absorb that because we have big teams of r&d people

on them. lizzy: bloomberg's charlie wells with an update on the disney drama. other stories making use this morning. bloomberg learned apple is investigating a push interpersonal robotics. a field with the potential to come one of the company's ever-shifting next big things. engineers have been a glory a mobile robot that can follow users around their homes and also an advanced tabletop home device that uses robotics to move a display around. we are told it is unclear whether the products will ultimately be released. elsewhere, shares in paramount surged more than 15% after reports that redstone is getting closer to sell her stake in the film giant to david ellison's's guidance. redstone has been weighing a sale of the family holding company national amusements to ellison for months. national amusements holds a near 80% voting stake in paramount global, the parent of cbs and mtv. asset manager aviva, part of the insurance group, is tapping australia's pension funds to partner in private deals in the u.k. and europe. as a surging pool of requirement savings lures

on the two-year. incredible ahead of inflation print should a lot of economic data to come. some real moves in the bond market. that does it for bloombergep an eye on us through the we have a market hitting on the edge. this is bloomberg. ♪ do you want to close out? should i? normally i'd hold. but... taking the gains is smart here, right? feel more confident with stock ratings from j.p. morgan analysts in the chase app. when you've got a decision to make... the answer is j.p. morgan wealth management. 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. my name okayis teresa barber. for. i was in the unite

one report from bloomberg is apple's next big thing is a robot that follows you around the house. ith this group, who else, mark gurman. this was an interesting one. there is technology parallels for this latest initiative out of project tighten. explain the robot that follows you around the house. mark: thank you so much for having me. you are absolutely right. a self-driving car essentially is a robot. the big difference between a self-driving car that roams around city streets and one that roams around your house is the liability and safety. if the self-driving car stops working properly on the road, maybe you get into a car accident and potentially kill someone, unfortunately. if your self-driving robot crashes into a wall in your home, so what? it is similar technology but the stakes are so much lower. the necessity to be accurate is so much lower. it is an easier thing to pull off and it feels like the timing is right for apple to be exploring this. if you think about the backdrop when the apple card project was canceled, the newfound struggles being faced by tesla, the profi

subscribers go to dayb or it is available on mobile in the bloomberg anywhere app. ly get the news on industries and assets that you care about. more ahead. this is bloomberg. ♪ ♪ annabelle: let's get more on chinese prime minister kishida's visit in washington. the u.s. ambassador to japan rahm emanuel spoke to us from the white house lawn and told us he has high expectations. >> this comes at a historic moment for both countries as they change dramatically their deterrence posture and position. japan has changed in the last two years five separate policies that have been on the books or 70 years. they've normalized bringing the level of relationship with the republic of korea to a more solid, strategic level. the united states has made some fundamental changes going from a hub and spoke system to a lattice multinational architecture. i see this state visit, the fourth from a head of state in the region, as putting a period at the end of one era defined as alliance protection and writing a new era of alliance projection with japan. not just the indo pacific, but a k

you can get more analysis on your bloomberg for more on these earnings. you can get commentary therefro. >> we do have more japan data crossing the bloomberg. does get you to retail sales. there is that you're on your number. that is a pretty significant as of 1.2%. 2.4 percent was contentious for the march meeting. that is a steep decline for that 4.6%. they see a contraction of 120 -- 1.2%. much deeper than expectations. reversing the 1.5% gain we saw in the previous month. department stores and supermarket sales, a little bit of a slowdown from february there. let's get you to the industrial production month. these are the ratings for the month of march. 3.8%. that is a bead on expectations and bouncing back from the contraction we saw of six point -- .6%. the final number for february. that is more or less slightly worse than expectations in the fall of 6.4%. we see the incremental chipping away. >> let's turn to the latest in geopolitics now. the secretary of state exited lincoln was speaking in saudi arabia. the new york times quotes unnamed official

you can find that on live go on your bloomberg terminal. the banks. earnings calls have begun and we still see many stocks down on the day. i want to take a look before we get to our reporter with what's going on on those calls because that sour tone you heard about the outlook at jp morgan is sending most of the index lower. the only two banks on the day that are up our citigroup and state street. citigroup had a turnaround story and state street positive when it came to interest income expectations, but goldman sachs the second worst performer on the day. goldman reports monday. joining me is sally bakewell with more. how do you read through what is going on? you would not think goldman would be down this much given the wall street businesses that did well? sally: perhaps a general malaise about the banking industry. given the results. there was an expectation would jp morgan particularly, but net interest income, the biggest source of its revenue, was going to steal the show. there was a lot of debate around a -- around jp morgan that they would rev

on the program. thank you so much for your time. we will be back. stay tuned. this is "bloombergemale narrator] they line up by the thousands. each one suffering with a story that breaks your heart. like ravette, who needed help, because every step brought her pain. their only hope is a ship unlike any other. mercy ships. the largest floating civilian hospital in the world to bring free surgeries and care for people who have no other hope. only 62 cents a day, $19 a month, will help provide urgently needed surgery for the world's forgotten poor. if you have ever wondered: "how can i, just one person, make a difference?" this is your answer. so many are still suffering. so don't wait. call the number on your screen. or donate now at mercyships.org. that's the number on your screen. ♪ caroline: this is "bloomberg technology." coming up, real yield noon eastern time. this is bloomberg. ♪ caroline: new york-based alleycorp announced it has raised $250 million and taking on external investors for the first time. the person behind alleycorp, kevin ryan, founder and ceo of the business.

on all things market. coming up next we will talk real estate with luxury developer michael, that is up next. this is bloomberg. ♪ when you automate sales tax with avalara, you don't have to worry about things like changing tax rates or filing returns. avalarahhh ahhh but home is also your body. —last one everyone. i asked myself, why doesn't pilates exist in harlem? so i started my own studio. getting a brick—and—mortar in new york is not easy. chase ink has supported us from studio 1 to studio 3. when you start small you need some big help. and chase ink was that for me. earn up to 5% cash back on business essentials with the chase ink business cash card. make more of what's yours. 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. alix: this is bloomberg markets. let us focus on commercial real estate. moody's came out with that showing u.s. office vacancies hitting a new record nearing 20%. despite the increase the early data points poin

on the prospects. the details of the key story next. this is bloombergu're probably not easily persuaded to switch mobile providers for your business. but what if we told you it's possible that comcast business mobile can save you up to 75% a year on your wireless bill versus the big three carriers? you can get two unlimited lines for just $30 each a month. all on the most reliable 5g mobile network—nationwide. wireless that works for you. for a limited time, ask how to save up to $830 off an eligible 5g phone when you switch to comcast business mobile. don't wait! call, click or visit an xfinity store today. tom: good morning, this is bloomberg daybreak: europe. these are stories that set your agenda. tesla shares soar as investors cheer elon musk's promise of making cheaper cars sooner. investors overlooking a big miss on the earnings. stocks gain in asia following a tech field rally -- fueled rally on wall street, $869 billion sale of treasuries look solid by demand, even as a 5% coupon improves elusive. european earnings gear up with volvo missing es

there are still some further adjustments to be made as they bring on board all the people from credit suisse. haidi: that was our bloombergance editor adam haigh with our scoop on ubs. annabelle: a couple lines crossing the terminal, we have federal reserve governor bowman commenting at an event in washington and a couple different headlines dropping from this. chief among them is he is saying progress on inflation has stalled. that's really been the big question mark, and speaks to what would have been hearing from the likes of jay powell, saying inflation is taking longer than expected to come down. that so-called last mile of disinflation very much in play. but time will tell, that is another line he is saying, that time will tell if policy is sufficiently restrictive. we saw treasury yields dropping. we will mark them again when tokyo reopens in about 30 minutes. coming up, barclays shares their outlook on fx markets as -- this is bloomberg. ♪ it's an amazing thing when you show generosity of spirit to someone. and you want people to be saved and to have a better life, then you don't stop. the idea that we have saved

bloomberg markets." i'm sonali basak. stocks are on the rise in bonds falling as key inflation data is out tomorrow morning. let's check the markets as we way to absorb those data. you have the s&p 500 study at about 5190 on the date, .2% lower on the day. nasdaq 100 roughly flat. biggest difference in the bond market. call it a relief rally because you saw yields soaring higher yesterday. we are back at 4.73, five-basis point move lower. 10-year yield also five basis points lower ahead of inflation data. let's look under the surface of the market. moderna the biggest gainer in the s&p 500. analysts praising its skin cancer treatment. it cut the likelihood of cancer in half after a recent study. modernity is developing a vaccine for rsv it will unveil next month. we are monitoring shares of royal caribbean, which are tumbling, having its worst day since january. despite record demand for cruises this year, and just last year it hit an all-time high, some of the steam out of the bag here. wall street is awaiting the cpi print tomorrow m

more on her visit, next. this is bloomberg. ♪ >> the president and i rejected the idea that we should decouple our economy from china's. rather we are seeking a healthy economic relationship. importantly on a level playing field that can benefit both sides. katie: that is u.s. treasury secretary janet yellen speaking in china. beginning the start of her four-day visit by emphasizing the need for economic cooperation between the world's largest economies. here is kailey leinz. stern words from janet yellen? kailey: this is her second trip to china in nine months and in some ways a reiteration of the message that she has brought to china. she wants to see a level playing field for u.s. businesses operating there. she spoke about this with the american chamber of commerce in china talking about what she described as coercive actions or unfair economic practices, including imposing barriers to access for chinese companies citing a survey that found one third of american companies in china said that they are reporting unfair treatm

this is real yields, on bloomberg. ♪ ok y'all we got 10 orders coming in... big orders!tarting a business is never easy, but starting it 8 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. you don't have to worry about things like changing tax rates or filing returns. avalarahhh ahhh sonali: this is limburg real yields and it is time for the auction block. in europe they topped a new record -- u.s. high grain notable names included alcoa and gm financial. in high guilds companies like herbalife got attention. it boosted the size of the offering by 60%. chris shelton says this year marks the golden age for credit allocation and wrote in a note that the economy is slowing, defaults will rise b

on the xfinity 10g network. haidi: we are getting trade numbers crossing the bloomberg when it comes to february trade surplus comingat $7.28 billion, a little shy of expectations of 10.5 billion aussie dollars. we are seeing february imports rising of 4.8% month on month, a decline when it comes to the exports of 2.2% month on month as well. watching these numbers when it comes to impact on the aussie dollar. and when it comes to expectations from the rbo. potentially we will see better trade relationships with beijing after the recent boost in communications and expectation that these tariffs will be dropped as well. we are seeing a bit of a mixed picture, a weakness in exports and imports. paul: on the subject of weakness, take a look at how major equity markets are tracking. all in negative territory. the nikkei performing off by 1.75%. we have had a modestly strengthening year, briefly a 150 handle. it is just above 151 at the moment. the kospi off by 0.5%. samsung losing ground, off 0.7%, despite really strong first quarter numbers. just not enough to defeat this risk off sentiment at the moment. here is one o

you can track all of that on the bloomberg. more ahead here on daybreak asia. erg. ♪ ♪ ♪ relax into a caribbean state of mind. visit sandals.com or call 1-800 sandals. starting a business is never easy, but starting it 8 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. paul: we are keeping an eye on this breaking story out of taiwan. you are seeing some pictures there starting to come in now with the intensity of the shaking. depending on who is measuring it, u.s. geological survey says 7.4 magnitude earthquake. this was 23 kilometers north northeast of the city in taiwan. strong shaking there. tsunami warnings as well for some japanese islands. haidi: we will be watching that as d

haidi: coming up on "bloomberg daybreak: australia." we are on yentervention watch.onumental day for the yen on friday and we are watching to see how low it will go before policymakers step in. this is bloomberg. ♪ ♪ my name is teresa barber. i was in the united states navy and i served overseas in the middle east and africa. early on in my career i had a commander that taught our suicide prevention training on a friday afternoon and the very next day, he took his own life. 90 percent of suicide attempts involving a gun are fatal. you don't know how much somebody can hide what's going on in their head. store your guns securely. help stop suicide. >> when it comes to the yen, intervention watch after a number of red lines touted as levels where we would see policymakers step in. the yen came off its single worst day on friday. 1990 lows for the yen. similar lows like 2008 when it comes to euro and sterling. levels we have not seen since 2013. garfield reynolds talk at length about yen intervention and the comfort level, has that changed the lines in the sand? garfield

on record. we are somewhere halfway through the earnings season. bloombergligence data shows 81% of the s&p 500 companies outperformed in the earnings. however, the stock reaction is so muted. this chart shows the average one-day outperformance of a stock versus the s&p 500. this is the most muted reaction since 2020. it is kind of a quiet day when it comes to earnings announcements, but we are watching a few stock movers. tesla is up by almost 10%. they were the winners of tentative approval for their driving system in china. we saw sofi, down by 9%, because the second quarter guidance fell short of estimates. we also watched what hedge funds are doing. last week was an interesting week for them buying and selling. we saw that hedge funds kept buying u.s. stocks for a second straight week at the largest and fastest pace in five months. tech stocks, that is where we saw the biggest activity. they are now bought at the highest and fastest pace since december of 2022 and of course we saw a lot of buying in different subsets. semi conductors that is where we sa

on the internet." oh, i see what they did there. misinformation online is real, and so are its negative and harmful effects. stay smart. the more you know. >> welcome to "bloombergs&p 500 falling below 5000 as the fed resets his first interest rate cut. get a check on the markets because he have the s&p below 5000. also pressure on the nasdaq 100, down almost 1.9%. two-year yield, a little bit earlier in the day but now a little bit earlier in the day. yields moving a bit higher. same for the ten-year yields. we will look across assets quickly because you have seen oil on the

or stream it at 8:00 on bloomberg originals.h. this from dan ives on tesla. "interview the clock has struck midnight for elon musk to lay out the growth strategy and give realistic debris posts and announcements by significant layouts now come and give a clear outlook to the street." it has been talked about this inflation point for how long? is just outperforming the stocks? lisa: is this inflation point where he will say i'm no longer bullish on this stock? jonathan: how much more do you want to see? lisa: this is their moment. it is midnight but once comes after midnight -- but what comes after midnight? jonathan: he has been talking about midnight for six months. lisa:, the show and we will talk about it. jonathan: of next on the president biden's latest pitch to u.s. workers. >> this is not a level playing field and when the markets we can prices fall. it is our firms that go out of business. your opening bell is 43 minutes away. equity futures positive one third of 1%. ♪ to me, harlem is home. but home is also your body. i

. -- caroline: this is bloomberg technology coming up week it a read on the tech labor market. the jobs report comes in hot. ed: a new filing shows apple/600 roles after scrapping its car and screen project. caroline: meta-changes as policies around ai to allow more ai content to remain on those platforms. we turn our attention to the micro picture and i'm not just talked about the earthquake that was the job stayed up. it managed to push stocks higher. even though we do still see us all off in the bond market. for now there seems to be an idea with this job and resilient labor force broadly it can be seen as non-inflationary. i'm looking at the dollar index higher than the affects spreads. dallas is saying is hold your horses we won't have any rate cuts soon. we want a look at the key ascent on the move. bitcoin is down and even though we see an uptick the other risk assets managed to catch up we are seeing a strong u.s. dollar. ed: worth noting there was also an upward revision from 22,000 when it came to wages and earnings. we will think about what this means for specific te

on the day. remember, there have been accounts by the japanese central bank, reviewed by bloomberg, show and likely intervened in the market monday. you saw strengthening. back now to 157. coco is interesting. you saw it drop as low as 27%. now it is up more than 2.6% on today. what is interesting is extending liquidity in the market shows you how wild you can see this wings leading to one of the worst drops you have seen in coco in decades, just earlier in the day. mid-day movers on the equity side. ge healthcare reported sales for the quarter missing the average estimates. analyst sees this talk pressured after weak results with the company we are from full-year guidance. ge healthcare technologies now down more than 13% on the day, what are the worst performance in the s&p 500. and molson coors management is incrementally more cautious on its outlook for the year despite first quarter growth across all units reiterating its 2024 guidance despite net sales and eps topping expectations for the first quarter. molson down more than 7% on the day. and lvmh, exploring options for its mark jacobs brand

browse charts on bloomberg to catch up on key analysis and save charts. bloomberg. ♪ >> bloomberg has learned traders left banks amid that that stimulus will create a boom. let's bring in asia investigating reporter lisa. this is a knock on effect a policy normalization in japan, it could reshape the market. lisa: certainly, if you are a rates trader you will be busy with head critters -- had recruiters that want to hire you away. more than one dozen traders have shifted from morgan stanley and citigroup as well as megabanks and moved to hedge funds that are trying to get a piece of the action in japan. think of japan had a yield curve control policy for years as part of it stimulus that put a lid on government bond yields. now it created volatility that funds can make money off of. some are active in hiring like millennium. paul: so it anecdotally, what are we hearing from people hiring traders? what is it meeting for salaries? lisa: competitive landscape was very competitive because the talent pool is limited because of the yield curve control. this has

one of them being yesterday, mexico. bloombergey canceled contracts for some of their heavier grade crude exports to refineries. in the u.s. and other places. that means u.s. refiners will have to find supply elsewhere. you see an indication that u.s. prices are trading at a premium because of that. there is also risk that potentially pushing oil inventories is trending lower. they are at the lowest seasonal level in about two years. there are fundamentals in the markets beyond the geopolitical risk being you are looking at. certainly that is part of it and there is the risk premium in oil prices, but we are finally beginning to see true fundamentals driving the oil market. you are looking at the bullish bets in the market at the highest level in months, in about a year. as people expect that rise, brent is right below $88 now. this rise to potentially $100 a barrel is potentially in the cards. there is a lot more uncertainty for what will happen with u.s. production, what will happen with mexico ahead of the election, will they k

it's available on mobile in the bloomberg anywhere app. can customize your settings so you only get news on the industries and the assets that you care about. this is bloomberg. ♪ ♪ ("three little birds" by bob marley & the wailers) ♪ ♪♪ ♪♪ ♪♪ ♪♪ discover our newest resort sandals saint vincent and the grenadines, now open. visit sandals.com or call 1—800—sandals. ♪ >> all right, we are just about 20 minutes into the session so far for trading in seoul. samsung one of the stocks we are watching. shares a little bit under pressure today but it does not really come as too much of a surprise because overnight on wall street, it was that selloff in big tech led by nvidia, apple among some of the laggards, moves in treasury yields putting pressure on equities and high-growth stocks. another reason we are tracking samsung's because the company is expected to get over $6 billion in grants from the biden administration to boost ship production in texas. let's get more with our executive editor for asian technology, peter elstrom. this is part of a

caroline: coming up on bloomberg television, etf iq at 12:00 p.m. eastern, 9:00 a.m. pacific. in today's vc spotlight, guess what we are talking? generative ai. brandtech recently announced 100 $50 million of fundraising. here to discuss where generative ai is going, the ceo david jones is with us in the studio. we are slowly, but surely taking over, another brit. [laughter] what are you using these funds for? david: we launched the company in 2015 with a fundamental belief you could do all marketing better, faster, and cheaper using ai and machine generated content and we have been on a 7-8 year journey doing that and we are looking to continue to do that. we invested in ai chatbots, media planning, mine twins, and the last major acquisition was pencil, one of the most innovative companies in the world and one of the leading genai platforms in the world. ed: what we are talking about in present is content. that is generative ai created. text to video in most cases or text to image. you say, dreamy up an advertisement or another piece of marketing and voilÀ, it is there. how q

we bring you more on the end, the boj. >> this is bloomberg markets today. rade is one hour away. the last few hours have seen wild swings.

caroline: love having you on, bloomberg opinion columnist brooke sutherland on the latest delivery numbers. the scheduler bread-and-butter, because google is having -- let's get to our bread-and-butter, because google is unveiling a host of updates run artificial intelligence offerings, trying to show how this technology is enterprise-ready after some pretty obvious mishaps earlier this year when it came to consumer use. google is trying to shake off what has been happening earlier in the air when it comes to gemini application across image generation. how fit for purpose is it from an enterprise perspective? >> yeah, hi, happy to be here. google is framing these announcements as this is cloud possible moment in enterprise, and it says that the same risks that were around for the consumer product are not really there for enterprise customers, because marketers, cloud clients have a lot more controls over the outputs. google has said it is providing up to 19 fine-tuned controls for people who use its enterprise platform. with that level of control you can make sure that the images and outpu

coming up on bloomberg technology, elizabeth gore joins next.s it for bloomberg markets. this is bloomberg. this is bloomberg. but... taking the gains is smart here, right? feel more confident with stock ratings from j.p. morgan analysts in the chase app. when you've got a decision to make... the answer is j.p. morgan wealth management. food isn't just fuel to live. it's fuel to grow. my family relied on public assistance to help provide meals for us. these meals fueled my involvement in theater and the arts as a child, which fostered my love for acting. the feeding america network of food banks helps millions of people put food on the table. when people are fed, futures are nourished. join the movement to end hunger and together we can open endless possibilities for people to thrive. visit feedingamerica.org/actnow >> from the heart of where innovation, money, and power collide, in silicon valley and beyond, this is "bloomberg technology" with caroline hyde and ed ludlow. caroline: i am caroline hyde at bloomberg's world headquarters in new yor

there was a lot of coverage on bloomberg this morning about that topic as well.lation is stubbornly sticking around. although it dropped a little bit last month. haslinda: i'm sure you track it closely, when you see the fed cutting rates? >> it doesn't look like before june at this point in time. is the consistent flow going to remain the constant right now? that appears to be the question right now. haslinda: still to come, india's credit growth is expected to moderate this year. we will discuss the implications, next. implications, next. ♪♪ ♪♪ live up to it. the all-new gx. ♪♪ haslinda: welcome back. it's get a check on markets, benchmarks under pressure in line with the rest of the region. the other benchmarks in negative territory, we continue to track currencies on the back of that strong dollar story. the rupee pretty resilient, flat versus the greenback. thanks reduce lending to the sector, one bank is predicting foreign cost for financers may climb as much is 30 basis points. injuries fifth biggest -- india's fifth biggest arranger for notes. the reason b

first, the latest on the german chancellor's china visit as beijing pushes back against pressure to rein in his country's powerhouse industries. details next. this is bloomberg. ♪ en you own a small business every second counts. 120 seconds to add the finishing touches. 900 seconds to arrange the displays. if you're short on time for marketing constant contact's powerful tools can help. you can automate email and sms messages so customers get the right message at the right time. save time marketing with constant contact. because all it takes is 30 seconds to make someone's day. get started today at constantcontact.com. helping the small stand tall. 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. 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. for nearly 160 years, pnc bank has been brilliantly boring so you can be happily fulfilled... which is pretty un-boring if you think about it. annabelle: the international has inched up expectations

on the way to work, your lunch break, before you go to bed. every little bit helps. the more you know. ed: welcome back to "bloomberg technology." are actually sink a bit of a reprieve after yesterday's selloff. a bounce back on the nasdaq 100. yesterday they fell the most in a month. we are worried about macro policy, fed policy and if we will see three rate cuts over the course of the rest of this year. the market has started to doubt that because of some robust data. adp comes in today. they managed to shake off the losses. bitcoin, alongside some of the other tech risk assets up .9%. still at $66,000, well off the previous highs. there is a human cost disaster we are talking about in taiwan following an earthquake. the ramifications on the global economy is something we have tried to debate and think about. tsmc is up 1.8%. the impact operations from this earthquake should be manageable according to citigroup. spot assad -- spotify up 5.7%. let's look at disney, down a quarter of a percent. we are all anticipating the important shareholder meeting. the proxy battle going on for months. the deluge of ads we have been served t

leena nair, thank you so much for joining us here on bloomberg. leena: delighted to be here. francine: what's it like being a chanel chief executive? leena: it's the best job in the world. it's creative, it's energetic, it's vibrant, the sector is doing well, it's a great place to be. francine: what kind of difference do you want to make at chanel? is it longevity, what it stands for, sustainability? leena: i want to lead chanel into the future along with my team. and lead chanel into the future by protecting what's core to us, by protecting what is unique about us. and by evolving as a scaled iconic business brand. it is important to understand the context we operate in. the context we have externally is very dynamic to macroeconomic challenges, inflation, complete fragmentation, media channels, ecosystems, winning hearts and minds of people is so difficult in today's day and age. we see all of that. ai, there's not a week you don't hear about ai. so all of this is happening externally and internally it has been a phase of rapid growth. in the last 10 years, we have more tha

ed: bloomberg's brody ford always on top of it when it comes to adobe.tman has been working to build a global coalition among government and industry leaders to support boosting the supply of chips, energy, and data center capacity needed to develop artificial intelligence technology according to our sources. bloomberg's shareen safari broke that story with me and joins me on set. it is an evolution of our existing reporting. it started with the idea sam altman was worried about the supply long-term of ai accelerators or jeep use that train models -- gpus that train models. it's bigger now. recap what you have learned. shirin: we know sam altman has been in the uae this week meeting with government officials and investors with a pitch to build a global coalition that goes beyond chips but includes energy production, a huge growing resource for them that they are worried about securing. ed: what is interesting is the players. we understand sam met with uae officials, g 42 is a name for gets bandied around. do we know who it in the coalition so far? shirin

he was on bloomberg television a couple of days ago to comment on biden's meetings with casino and marcos saying the us objective is to isolate china in asia. and this is what washington has accomplished. the, i'm not sure that anyone else in asia would agree with that assessment, but we can think of manual here for his candor. sir, it's clear, many in washington have tried to link taiwan and your brains and despite them being entirely different, however, they do share some things in common. as we know, the us expanded nato and you're a guest, russia and chipped away at russian securities in syria central asia. and europe was instigating a color revolution. ukraine reading tensions, the compromise russian security and lead to the necessity of annex in the crimea. where recently the us has contributed to starting and then finding a proxy war against russia and ukraine, the push brushing energy out of europe, while the us established itself is the world's leading oil producer. and re establish who is going to be in your post baxley, which by the way, the us also encourage at your expense. n

set in motion new talks focused on overcapacity, so motion is still moving forward on these issues. haidi: bloomberg'shristopher miller there on janet yellen's trip to china. let's bring in lucy a. this is a relationship we are watching closely. what do you make of the fine balance that janet yellen has struck on this trip and is that the tone that will persist into november? licia: basically the balance reflects the trade. inflation is sticky and we hear that pressures from china are everything but welcome. so janet yellen complaining, but i don't think she minds in the short run to have deflationary pressures plummeting. at the same time global competitiveness is at risk. that is a medium-term problem. tone reflects the contradiction. it is fine in the short run. haidi: sort of related, how much stability will there be if there is a change in government? do you think u.s. china, the trajectory will stay the same? alicia: more volatility if donald trump wins the elections. it is clear that the medium-term issues related to china's increase in overcapacity, it's all about importing capacity. as i ment

it is next on bloomberg. ♪ >> this is daybreak: asia. ing down to asia's major market opens. we started the weekend on a brighter note put the moves on wall street could inject a little more optimism into the session even as we wait for key crucial earnings. paul: that's right. we had a pretty decent rally on monday and it looks like that is set to continue today. those big earnings announcements from tesla, among the auto makers as well. a lot of u.s. debts will be auctioned this week also. what are we watching right now? annabelle: that's right. certainly going to be testing traders' appetites. this is the open for japan and south korea, as well as australia coming online. again, posting 1% to the upside for the nikkei 225. it was a story of rebounding from last week's slump. we've seen the nikkei two to five very close to entering a technical correction but it moved off those levels. the japanese in