annabelle: thank you.e time to this better because we got the model being unveiled on stage. i have the man who is behind the design, the ceo. i want to talk about that process of what working with hon hai is. how many months is it in the making, and what sort of design features are you thinking about for this vehicle in particular? >> when you design a car such as this one, the idea is the beginning. the technology that has to be used. the service and the experience, most important through the end. it has been a very short journey. annabelle: i want to get more on that timeline. we spoke with -- and he said that he kind of wants things in a short time frame. we are talking about months ear. >> we are talking about months because once the idea is clear, it doesn't cut very long. it might be three months for the first model. it's something that would enable you to evaluate the values and so forth. then, normally after six or several a months we have this. annabelle: this is a very big project hon hai is tak

haslinda: that was a chairman speaking with annabelle droulers and taipei.r news, hyundai is seeking to raise $3.8 billion in its indian unit in what could be the country's ever -- biggest ever listing. let's get more with our reporter. what we know about the pricing and valuation? manuel: an interesting one. india is on fire, it's such a booming market. hyundai is just the latest and biggest ipo to come to market. we just saw the news on the price range. that translates to about $22. the valuation will be $19 billion. this will be the largest ever ipo in india. it will be very important to watch closely as it will be a bellwether for other ipo's in the pipeline. definitely one to watch closely the left -- the next couple of weeks. trading should start october 22, that's the schedule as of now. the books will open to receive orders in the coming days as well. definitely one to watch and one that is keeping us busy. haslinda: you said euphoria in the indian market, what are the next steps from here? manuel: the next steps starting next week, books will open a

annabelle: it is a tool.e -- we -- we -- we -- we know companies could be asked to reduce ties with china. one way they can look 2 -- 2 -- 2 -- 2 -- two imply pressure or risk falling behind, another concerned. you've got a question over exports, could it be used by countries to develop applications against the u.s. is another question. of course the concern is how chipmakers respond to these restrictions in nvidia responded to restrictions in china, tweaking to allow it to fall beneath restrictions but if the white house moves forward it will put its different relationships in play. could put some tension into them and could be difficult to enforce. tom: politics ever present. annabelle, thank you indeed. on economic data we will get jobs dater, live of course, markets pricing in a cut from the bank of england. less certain about december, jobs could tie in. jp morgan on friday, we get earnings from goldman sachs and citigroup, we will give you all the context and sales from lvmh. to what extent are they sti

annabelle: demand is better than expected. what are you seeing?ere were a lot of things about you doing, the need may be saturated soon but demand is still growing beyond expectations. >> what was your expectation? how many are you shipping? >> yeah, if you talk about our shipping plan i would say we planned to ship the beginning of quarter four, but is moving later and later to q4 and worse than what we expected but demand is much better. >> to you expected has been delayed but demand is better. how much of the demand are you trying to capture? >> that i really cannot give you the quantity because we just started to build it. demand is over what we can ship. >> if you cannot meet demand what sort of sales do you have books? >> d.c. the somewhere around 20,000, that kind of number. >> 20000 and over the course of next year? >> right. >> any quarter for that? per quarter you expecting able go does to go in one quarter or spread evenly? guest: it really depends on the demand, whether demand will change. if it changes then maybe it will be even highe

haslinda: annabelle droulers in sydney.et's get more analysis on that, especially on the back of those geopolitical risks. still with us, marc franklin. your first reaction to that scoop out of bloomberg. the u.s. considering perhaps banning those ai chips to some countries. >> it is counterintuitive that the more you see that the more you are likely to see inventory built and a spike in near-term demand for these chips. and if this measure gets released what will come further down the line. so counterintuitively this is a bullish catalyst for the semiconductor sector in the short-term. haslinda: how do you play it? they had a low and relative performance. there was a reorientation of the equity market which created a time correction for some of these high-growth, more cyclical tech sectors so was created a relative buying opportunity on a short-term basis so we would not look beyond playing it beyond the semiconductor complex. >> it is part of a geopolitical risk that we see as we count down to the u.s. election. with vola

let's get more on asml's earnings call and bring in annabelle droulers. what stood out?nnabelle: really more context given the grim numbers about 24 hours earlier, why have we seen such a big drop in sales in the third quarter? we got more details on that and it points to the tuesday recovery in the semiconductor industry, on the one hand you have a i chips were meaning hot and on the h we have sales of so-called legacychips used in things like cars, consumer electronics and those are still weaker. that's why we thought -- saw perhaps the lower guidance going into 2025 and the executive talking about how customers are pushing out orders. take a listen. >> ai is a key driver of the industries cover a. risk potential aside. we see segments recovering more slowly than anticipated. the recovery will extend well into 2025, which is leading to some push outs and investment. annabelle: more details from the ceo and also part of a conversation on the earnings call he was pushed on repeatedly is demand from china and this will account for the company's bottom line going forward b

haslinda: annabelle droulers with a developing story.ike hong kong is having a moment in the sun. the hang seng index continues to climb, currently surging past that 6% market. hs tech higher by almost 9%. and of course, it is the property developers in particular climbing today. that is on the back of the stimulus measures which china released just last week in an effort to reduce the sentiment in the market as well as an economy. take a look at where we are in terms of the bi china developers index, surging 30%. also keeping an eye on the middle east. oil at one time surging about 9%, now up by 1.3. gold retreating by about half a percent but still close to record highs. in terms of the 10-year gilts, currently at 3.7410, watching those headlines out of the middle east. that is it for "bloomberg markets: asia." "horizons middle east and africa " is next. keep it here with us. this is bloomberg. ♪ the moment i met him i knew he was my soulmate. "soulmates." soulmate! [giggles] why do you need me? [laughs sarcastically] but then we switc

let's get more with our tech reporter annabelle droulers, who standing by. this would be, if it comes to pass, a historic antitrust breakup. annabelle: certainly, but i think that big question is if it comes to pass. we haven't seen washington pushing to break up a major u.s. tech giant for monopolization going back to microsoft two decades ago. in that effort was not successful. this is very significant, this development. over the summer we have the u.s. judge ruling that google had illegally monopolized the search market. now we are moving to the remedy phase. we are getting the proposals that the doj puts forth. that came through in a 32 page filing yesterday. and included's quite extreme measures, you could say. as you said, yes that proposal that they could be forced to break up the business. that would be one of those. there are other things in play, including forcing google to provide access to underlying data that it uses to build its search results for its ai products. that's one other solution. they are looking at requiring google to allow more web

annabelle: exactly. the cloud stood out but you think about infrastructure and there is -- there is amazon, alphabet. the pie keeps expanding so companies can gain a larger share. ravinia better than what had been projected and a beat. across the board we saw strong numbers coming through, how long will optimism drive growth? this came up in the earnings call. they said we are seeing great efficiencies, looking at headwinds from cost, big question is how do they manage. 17% versus 10.4%, clearly making a lot of money. tom: breaking down earnings from amd and alphabet. to the u.k. and economic forecast a pivotal day, rachel reeves with her package of tax hikes will set the tone for the rest of the decade, the rest of the decade. lizzy burden, remind us of changes we are expecting? lizzie: leyba made some major promises. no tax hikes on working people whoever they are and we are expecting to see how far rachel reeves is willing to stretch this whole. expecting revenue including a rise in contributions for

annabel, gracias por conectarte con nosotros desde tennessee.e la tragedia. el Último dÍa de rossi, la vio la Última ve su esposo, como cualquier dÍa, ese dÍa viernes de la tragedia nos presentamos a trabajar. ella se presentÓ a trabajar, iba a hacer lo que hacemos todos los dÍas, presentarnos a trabajar. borja: a mÍ me gustarÍa preguntarte, anabel, si rossi tenÍa por parte de sus jefes algÚn tipo de aviso, de anuncio, que llegaba un huracÁn y que no podÍan estar trabajando, habÍa algÚn tipo de orden de evacuaciÓn en la fÁbrica de tu prima? >> no sÉ si habÍa alguna orden de evacuaciÓn, pero aquÍ estuvieron llegando las alertas por telÉfono que habÍa inundaciones rÁpidas. empezaron a llegar las alertas, que si no tenÍas que salir, no salieras, sÓlo que fuera una emergencia, que te quedaras en casa, no salieras. borja: ¿quÉ te dicen las personas que trabajan en el rescate? >> el esposo de rosy andan en la bÚsqueda, se estÁn uniendo personas de la comunidad, ahorita estÁn todavÍa buscÁndola rosy andrade, falta tambiÉn lidia verdugo, ellas dos sigue

let's bring in annabelle droulers.loomberg app reported this prior to the details today suggest puts it in a category of its own, one of the most valuable startups in the world alongside spacex and bytedance. this is a big moment. annabelle: that is right, it is a very exclusive club openai is sitting in, one of the most valuable startups in the world, and it tells you how much tech industry titans continue to believe in the use case for alien the future. one company chipped in $1.3 billion. we are told microsoft, which is the biggest contributor around $750 million. others include postal ventures, tiger global, softbank as well. looking at its estimated valuation which was $157 billion. the question is how does openai plan to use this cash given they have got that power to be working through. they will be putting it toward ai research and adding to view capacity. it is certainly transfixing a lot of people in silicon valley. tom: it is a huge ticket number. to some extent it is indicative of the continued demand for e

annabelle droulers on the ground for us.d broaden it out a little bit because houthi attacks on the red sea have seen shipping costs or. piracy cause the global economy an estimated $25 billion u.s. annually. joining me now is the ceo and cofounder of unseen labs. you are joining us on a week where you will be participating in an all-star event that focuses on some of the most interesting startups in europe. what is the repetition? who are your clients? >> thank you for that. as you said we are a satellite operator with 50 satellites in space right now, [indiscernible] we detect and track movements. we track ships with beacons. our systems provide a range of services. tom: so you work with governments and you work with corporate clients as well. what is the potential market size and scope of this market ultimately? what kind of dollar number can we put on this market? >> the market size is quite huge. between $5 billion and $6 billion per year. [indiscernible] the market is very nascent because we are creating it. in terms o

we were discussing that with annabelle droulers earlier. e-mini futures down more than half a percent currently. we've had lots of thank earnings to factor in already this morning. a 2 billion euro buyback. 2 billion euros, also results out of spain for bbva. we will have interviews with them later in programming as well. but if we put the port over to the cross asset picture, you are looking at the 10 year u.s. treasury yield low or three basis points at 4.27% currently. traders having trimmed best slightly out of fed easing off the back of the latest u.s. economic data. the yen, 152 handle as we digest the boj decision and await the press conference from governor ueda. the pound back at one dollar 29 off the back of yesterday's u.k. budget and print trading at $72 a barrel. stronger as we digest the latest developments in the middle east. as i say, ing results came out this morning. we were speaking to the cfo and we should correct that the share buyback was indeed 2 billion euros, not 2.5 billion euros. the dividend, 500 million euros as

let's bring in tech reporter annabelle droulers with details. the results came through a day early, trying to find out why that was. no doubt questions to executives on the call later at two u.k. time. take us through what we heard. >> some of the highlights there, the big concern was how badly they missed in the third quarter. what analysts had been expecting was $5.9 billion in sales to be booked. they came in around the $2.8 billion market, so a huge mess on what analysts had been expecting. as well as the guidance for 2025. that was lowered by the share price reaction is flowing into asia today. results a day early, something that surprised the market, the company saying it was a technical error. a lot for investors to consider. it points to that two speed recovery in the chips space. on the one hand, you have got all that excitement around ai chips persisting and that strong outlook we're seeing. at the same time, the legacy chips for things like consumer electronics and automotive's, that is still finding his way out of the industry slump.

annabelle: yeah.ou are talking about the top three here, so openai, spacex, the parent company of tiktok, bytedance, an exclusive club. what has happened is we have had another fundraising round and some of the key details, it was led by thrive capital, $1.3 billion, got 6.6 and we are hearing that microsoft contributed $750 million. they have been the biggest backer to date. others include venture, and softbank, there were reports they were looking at handing over $500 million. nothing was announced yesterday, but they typically would not an ounce investor deals. it tells you that the tech industry as a whole is continuing to believe in the power of ai what is ahead. the question is how does openai plan to use such a large cash pile? , the company said is that they are looking to put it toward ai research and scaling up there compute capacity, huge valuation, certainly transfixing many among silicon valley. haslinda: of course, sounding a note of caution, we have heard warnings on these skyhigh valua

it's been an incrediblejourney for annabelle and two other members of the team who actually met on thehave opened their box for you tonight. the ladies game, which we're going to invite you to, which is very kind of the football club. they've opened the doors for you to come and have a little kickabout today, which we've already done. i've been showing up as well, so hopefully they won't show that. and having been invited byjohn to round off the day watching chelsea women in a european match at stamford bridge last night, it was smiles all round as they now prepare to perform on the biggest stage of all. it's coming home! next month. for more than a year, thousands of people have been following the heart—warming progress of the timid dog from romania who was rescued by former bbc technology correspondent rory cellan—jones and his wife diane. they've been documenting the life of sophie as they nurse her back to health, and try to encourage her to face the world outside. joe inwood has been to see how she's getting on. there we are, that's better. come on, then. taking sophie from romani

but australia seamer annabel sutherland held her nerve, with her over costing just four runs for theervous wait to see if they'll join australia in the final four. earlier in the day, england thrashed scotland by ten wickets to move to the top of the other group. after winning the toss and opting to bat, scotland could only post 109 from their 20 overs, england reached their target with exactly ten overs to spare. they next face the west indies on tuesday. kenya's ruth chepengetich has broken the world record to win the chicago marathon. the 30—year—old clocked a time of two hours, nine minutes and 57 seconds to surpass ethiopian tigst assefa's previous record by nearly two minutes. she's the first woman to run a marathon in under two hours ten. and it was a day to remember for kenya with chepngetich's compatriot, john korir winning the men's race with a time of two hours two minutes 43. it's the second—fastest time ever run at the chicago marathon. the chicago marathon, and also the fastest marathon finish this year. new zealand have stretched their lead over great britain in the am

but australian seamer annabel sutherland held her nerve, with the final over costing just four runs forged out finishing on 142—9. they now face a nervous wait to see if they'lljoin australia in the final four. good news for england men — captain ben stokes is fit to play in the second test against pakistan in multan — getting under way on tuesday morning. stokes injured his hamstring in august and has missed four tests, including england's record—breaking win in the first match last week. pace bowler matthew potts also comes in, with chris woakes and gus atkinson making way. pakistan have made the more drastic changes though including dropping batting star babar azam after becoming the side with the highest total — 556 — to go on and lose a test by an innings. in the america's cup, the great britain team led by sir ben ainslie have a mountain to climb if they are to win the trophy for the first time, as they trail new zealand 4—0. that and more on our website. and that's all the sport for now. back to you, only two. thank you very much. nasa is to launch a spacecraft to one of the icy

former british number one player annabel croft spoke to me a little earlier about what this means for is a bit of a race against the robot, and this isjust a bit of a race against the robot, and this is just another example of it, but i think you are right. it was probably inevitable. there are 70 tournaments out there on the mentors that are done with the ai technology, and it feels like matches move on more swiftly, players have less emotion to worry about the bad line calls, theyjust get on with it now, but you have to marry that up with the fact that it has been such a tradition at wimbledon, they�*re very stylish, the line judges, they marched on, it is very ceremonial of an also brings a bit of character and personality, and ifeel a personality, and i feel a little personality, and ifeel a little bit sad for them because they have a big amenity today are a part of an they�*ve been doing it for years. are a part of an they�*ve been doing it foryears. i are a part of an they�*ve been doing it for years. i think wimbledon would not have taken this decision lightly, they probably gi

jon: depending upon your team of choice today i suggests, vikings annabelle game might not have endedto england. national football league hopes to score some new fans across the pond. stephanie and bennett is in london with some details. >> the nfl global appearance continues to grow. minnesota vikings beating the new york jets 23 -- 17 and the first of three games held here in london. >> the nfl super bowl is already watched by 150 million fans in a ton of countries. we note the reach we have and it's great to be over here and be a part of a part of the season annabelle set five gates abroad in europe and south america raising eight games by next season. earlier this year that mayor of london said he even wants to host a future super bowl the actual logistics of course could cause more headaches than gains. with a handful of international games it could be a learning process. league sees how players handle long flights and jet lag. jacksonville jaguars have called wembley stadium a second home for more than a decade. the prospect of a permanent international move has somewhat faded b

annabelle, thank you for breaking down the earnings coming through with tsmc. get to the markets because earnings is part of the story and a key driver. maybe tsmc is part of the mix on the asian session right now, the msci asia pacific is up .2%. the ftse 100 looking to add 24 points. s&p futures pointing lower by .10%. nasdaq's futures down. the russell 2000 had a decent, solid session indeed yesterday, ending up around 1.6%. let's flip the board and look cross asset. the focus on the euro leading up to that decision from the ecb. the markets expected another cut in this cycle from the european central bank. brent trading up4% and iron or pssure after more disappointment from chinese offls in terms of their support measures for that economy, particularly the real estate market. a bit of pressure in the session today. it's a big day for the european central bank, expected to cut interest rates when they meet later. lizzy burden joins us once again from where the ecb will be meeting today. a rate cut is being priced in, how much anticipation is therefore this d

. >> that was bloomberg's annabelle on the publicly traded arm of the company we all know as foxconn.g up ar glasses picking up expanding its retail footprint around the world we will speak to its ceo coming up next. this is bloomberg technology. ♪ i earned my degree online at southern new hampshire university. after i graduated, i started a new job. i was finally able to realize my purpose and passion in life. pursuing my degree gave me so many opportunities to grow don't just think about yourself. think about the lives that you can really change. snhu laid the groundwork. i am doing what i've always wanted to do. if i was back at the beginning, i would choose snhu all over again. (♪♪) caroline: you are looking at a live shot of the principal room. check of the bloomberg technology podcast. you'll find it on the terminal and online at apple, spotify and i heart this is bloomberg. ed: the lack of a red bottle -- rebuttal with takeover speculation by tencent suggests the doors open to a potential buyout. bloomberg intelligence research points to potential regulatory hurdles given the c

i think this is understanding, annabelle, from the historical context. i don't think any of it is particularly laudable from a christian perspective, nor do i think most of it was harmful. to this day, we include the words under god in pledge we have in god we trust on our money. let me ask who is harmed by that? now, i know some people annoyed and some people have brought lawsuits saying this violates the establishment clause. but again, i want to continue and argue for this at great depth in a number of works. did america have a christian founding included? the establishment clause does not build a wall of separation between church and state? if it did maybe a god we trust should come off the money. what the establishment clause says is that we are not going to have a national church just like england has a national. and by incorporation, we going to have state churches. so it would be inappropriate for the state of texas to say the baptist church is the state church for texas. we're going to tax everyone to it and to support the church, the baptist ch

we have an individual who brought annabelle five and a half ounces of fentanyl and just at the end ofd then move into the biden-harris administration shortly thereafter. they did nothing but that case. nobody has been prosecuted. a cartel member in wisconsin which is a border state. it is amazing that the administration did absolutely nothing with this in two short years later, we end up with back on the radar not in prison. we are the ones holding this individual accountable. he should not have been here in the first place and our state prison system has to deal with him 20 years because of additional charges because they did not do their job in the first place. >> carley: who sits up the top of the government impacts local level and year witnessed firsthand. be up and talking about it, kamala harris cnn town hall yesterday and the border obviously came up. she said the administration did the right thing when it came to the border and she blamed congress for not asking a border bill. she never intended to support decriminalization of border crossers although she said she would in 201

one of the players, annabel kiki, told us she's overjoyed. honestly, i cannot believe it.it emotional because we've been working up to this for so long and every girl on that team deserves this. and i just want to say a massive thank you to everybody who's donated, because you you got us to this world cup. and remember... tell you what, remember the name anabel kiki, because i'll try and score as many goals as possible for all of you who donated. good luck to her and the team. now the weather with darren bett. good afternoon. we are not seeing a great deal of sunshine for the rest of today, the cloud is still bringing showers and longer spells of rain, perhaps a few thunderstorms, but for the moment at least it is mild. this is the radar picture, heavy, thundery showers pushing over england and wales and we have this rain in southern scotland and northern ireland, heavy rain in the south of northern ireland could give local flooding. mild, highertemperatures in ireland could give local flooding. mild, higher temperatures in england and wales, 16 widely and 18 in the south

next month, dima, shelbee, rebecca and annabel and the rest of the team are hoping to lift the women'so i'm really confident. i'm just so excited. we need to get there. and you still need a bit more money. we're trying to raise £50,000. we need as much support as we can. being able to come out with that — you know, that crest on our chest, and being able to, you know, stand with our chest held high, you know — just representing this nation that, you know, has given us so much. and we just want to give the best that we can back. football's been my world. it was always my safe place, my safe space. and ijust get to be me and show what i can do on a pitch. and, you know, i would never have thought i was going to a world cup, and to be going over to colombia isjust going to be, you know, life—changing. can you picture yourself lifting that world cup? yes, hopefully! we will. we are going to bring it home. and that report was from our sports correspondentjohn watson. now the weather with louise lear. a real autumnal flavour this week. plenty of showers. a mild start. you have been out alrea

annabelle tuggle unhoused people died in the south bay after that intense heat wave. >> we had it. what local leaders are doing tech. these people. plus a shooting in the east bay involving a possible intruder. what investigators have now discovered right back. don't go anywhere. right now on the kron 4 morning news. the future of a program meant to keep people safe in oakland is uncertain. this morning, some city council members question of it's worth it. >> plus, multiple unhoused people die in the south bay after a jury he hits the area. we'll tell you local leaders are doing. and las vegas says goodbye to the iconic tropicana hotel and casino to make room for a possible stadium. good morning. thank you for joining us here on the kron. 4 morning news. i'm james fletcher and i'm reyna harvey in for darya folsom this morning. we are. >> talking about cooler conditions finally arrive. thank goodness, john. good morning. i'm so ready for this. as i know, we all are at this point. how much cooler it's going to be out there today. will 80's at the very warm us. that's where we had bee

it's been an incrediblejourney for annabel and two other members of the team who actually met on the byjohn to round off the day watching chelsea women in a european match at stamford bridge last night, it was smiles all round as they now prepare to perform on the biggest stage of all... it's coming home! ..next month. and that is what makes that linkup so special because they can have conversations about potentially how he might be able to help the team longer term because that is what they need, notjust wanting to rely on hand—outs every time they had to a world cup, the generosity of people. they need a sustainable model, funding model that helps them to continue to compete all the time. isn't it interesting who watches breakfast? quite a few people have beenin breakfast? quite a few people have been in touch with offers of support. been in touch with offers of su ort. ,., . been in touch with offers of su--ort. ., support. the impact it can have. dead excited. _ support. the impact it can have. dead excited. we _ support. the impact it can have. dead excited. we will _ support. t

next month, dima, shelbee, rebecca and annabel and the rest of the team are hoping to lift the women'sto get there. and you still need a bit more money. we're trying to raise £50,000. we need as much support as we can. being able to come out with that — you know, that crest on our chest, and being able to, you know, stand with our chest held high, you know — just representing this nation that, you know, has given us so much. and we just want to give the best that we can back. football's been my world. it was always my safe place, my safe space. and ijust get to be me and show what i can do on a pitch. and, you know, i would never have thought i was going to a world cup, and to be going over to colombia, it'sjust going to be, you know, life—changing. can you picture yourself lifting that world cup? yes, hopefully! we will. we are going to bring it home. and they can. clear lake they can't. there is such _ and they can. clear lake they can't. there is such great _ and they can. clear lake they can't. there is such great togetherness i and they can. clear lake they can't. there is such gr

we'll be speaking to one of them, annabel kiki, at around 20 past nine.od. , ., , that really is a story to make you feel good-— feel good. it is, it was touch and no and feel good. it is, it was touch and go and they _ feel good. it is, it was touch and go and they thought _ feel good. it is, it was touch and go and they thought they - feel good. it is, it was touch and go and they thought they might | feel good. it is, it was touch and i go and they thought they might not be able to get to columbia stop and also they are really good, really, really good and have a good chance. carol has the weather this morning. blue skies! good morning. some will see blue skies today, there is sunshine around but also some showers and some will be heavy and thundery with some will be heavy and thundery with some hail. gusty winds around them, as well. we start with mist and fog across southern scotland. we also have a weather front which is slowly moving northwards, taking its rain across northern england, heavy across northern england, heavy across the north pennines,