i'm joined by benjamin, ceo of asm. thank you for joining us. fourth quarter it was a beat but the outlook will be disappointing. why a softer picture than other businesses? >> we shared our guidance, the first part of 2024 will be slow and what we are seeing in the market is consumer demand starting to pick up, but not translated into additional capacity. we saw a report saying that customers will cut capacity for flash. there is uncertainty in the market. the market is bullish about ai and ai will be a significant growth driver, but we are at the beginning and seeing as far as ai, there seem to be constraints in packaging, so we will need to wait more to see how the growth in ai will take place, how fast over the next couple of quarters. >> i want to unpack your views. in terms of views on the second half, you project a slightly more positive second half in revenues. what is the rationale for the switch in the second half? >> the second half will be higher but given the lack of visibility, we will not put a forecast and we are not able to quan

the country warned asm munir to stay away from any kind he called for tension and disorder and said that country needs stable conditions. in the past days , thousands of protesters demonstrated in peshawar and karachi to protest against the announcement of final election results. some media also reported sporadic clashes in demonstrations and police shootings. although still the final results of the national and state assembly elections of this country. not announced, but both main political parties of the country have claimed victory and accused the other party of election violations. nawaz sharif's party has won the most seats as a party and independent candidates who are mainly from they supported imran khan and won most of the seats. still the results of 14 seats in the majlis, all of which belong to the vast baloch state. pakistan is not specified. the 12th round of pakistan's national and state assembly elections were held last thursday in more than 90,000 polling stations across the country under the strictest security measures. but let's talk about the developments in gaza. at le

the economic contribution is unclear based on the informal nature of asm, so regulation.et me use the word formalization is a critical step that most countries are currently looking into, and there are success stories in countries such as tanzania, which i put in incredible measures in order to be able to -- the sector, and the economic impact is already being realized. tom: thank you very much indeed. with that perspective on the changes that are needed within that sector and how to bring more equitable investment into the mining sector in kenya and other nations in africa. plenty more coming from jennifer who will be at that on wednesday. we will be hearing from the ceo of de beers at 8:30 u.k. time. stability continues to elude turkish monetary policy as well as the lira as the central bank sees an abrupt leadership change. more on that next. this is bloomberg. ♪ tom: the lira softens after turkey names and new central bank governor after the previous step down citing a smear campaign. joining us now is our guest. what led to the change in the garden once again at the

welcome to kudlow, i'm larry: welcome to come but i asm larry kudlow.k inflation came in about hotter than wall street expected inespo stock market plunged across thef boarerd we have art laffer and john carney going to run it all down for us. joe biden makes a plea for ukraine money, never once mentioning the open border catastrophe here at home house member cory mills and scott perry going to tell usl what te house is going to do about this. tony bobulinski sings and testifies before the house oversight that the bidens sold out the u.s. to ukraine into china. and joe biden is going to get ah medical but noowt cognitive testing. how will s we know if he has all of his marbles. let's go straight to edward lawrence who is standing by at the white house with the gory details of today.rt , loert is cooking. >> you talked about it at the c top, the market is hottepir than expected cpi inflation report is signals to the federal reservet they may notra cut rates until e summer and that's what the markets reacted to, the market trend to figure out is the may rate that might be off the table

then when it comes for the semiconductor space, asm international earnings, 5:00 p.m. u.k. time they will be crossing. bring those to you on the context. our markets guess from rbc wealth management will be joining us next. we will be delving into the views around with the fed goes next, inflation story, and also why president xi is constructive on japanese equity. stay with us. this is bloomberg. ♪ tom: welcome back to bloomberg daybreak: europe. happy tuesday. underlying inflation in the u.s. probably the most any year as the feds prefer highlighting the long and bumpy path to taming price pressures. let's bring it into this plane, the head of investment strategy for rbc wealth management in the british isles. good morning, thank you for joining us. let's start with the market vulnerability to a higher-than-expected inflation print out of the u.s.. something we discuss with mark cranfield a little over five minutes ago. he was suggesting the markets are potentially vulnerable to a surprise tick up in that inflation index. how vulnerable is the market at this point? quex w

let's get three republicans and three democrats to answer and define each of these things asms we began talking to them, we realized it was a unique channel of communication we were opening up. it seemed a shame if we didn't use this to hear more from these folks and then to begin to unpack some of the stuff we were experiencing for the audience that we had to be able to throw it forwards. and frankly, we need to be able to say we're conscious we're not reporters or news. we create a platform of information so we can go to where you all work and really dive deeper. so it started very small. then we couldn't help ourselves. now here we are. >> i want to touch on something that you kind of said there. it was back in maybe 2019. prepandemic. you did get attention for a couple of tweets that were critical of certain lawmakers. i think certainly as someone who goes on social media a lot for work that's not uncommon you see that all the time. but i wanted to get a sense, take me through your mindset shift from someone who is tweeting things like that, to someone who is now running this nonpar

asm international has forecast weaker than expected revenue of f 600 to 640 million euros in the first and second quarters. they saw fourth quarter rise boosted by sustained demand in china. but revenue was still slow on weak recovery and global chip demand. >>> and to mobile world in congress, karen caught up with the cisco ceo chuck roberts and asked about the conductor ai chips. >> these early training models are intensive. we'll get through that and then we'll see more euro patterns. we'll be released compute power from the players and models on site. that's what we're working on with nvidia. and you'll see amd coming to the game and intel. when the ball starts picking up, it will be a little less frenzying than it is today. >> and karen and arjun join us once again from barcelona with a very special guest. karen. >> let me just pick up here. we've got a special guest, cristiano eamon, the ceo of kwal clom. let me ask you. we've got everything on ai. ai on p.c., ai on phones. what does it mean? >> this is ai revolution as ai is happening everywhere. it's not only happening at data

asme owe not a hostile witness. >> not that you are hostile.would be an adverse witness. >> merchant's contrary to democracy, not mine. >> bill: the embattled d.a. had us all watching yesterday. she pushed back against the attorneys and judge fighting to stay on the trump election case she has assembled and responsible for at the moment and claims of conflict of interest. willis will not take the stand today contrary to what they thought when we started the day. donald trump's national press secretary with me now. we might be interrupted if the judge comes back. the reaction from yesterday on the trump team is what, caroline? >> well clearly fani willis didn't do herself any favors yesterday. why she is not appearing in court today. her testimony yesterday proves that president trump has been right about this case since the beginning. a sham case brought by corrupt people who care more about prosecuting him than the violent criminals running free in atlanta and fulton county right now. this case should absolutely be dismissed not just because a

helped me for years with this extra energy drive, enthuses asm, et, etc. that enhanced my talents. but i was slowly inching up the spectrum towards actual pd and again unknown on. recognized. led touch on my army journey. excel that all the key commands military schools civilian graduate school at mit where my mission was to obtain a single master's degree and. i came out with two masters in a ph.d. that was my bipolar brain at. and i worked hard, but that was virtually an impossible and i did it because of my you know, highly functional bipolar disorder. both the va and the army determined that my bipolar onset was in 2003 at age 47, during iraq war, that my genetic predisposition for bipolar disorder was triggered by the stress, thrill and euphoria of leading of soldiers in combat. i was a key commander, rapidly creating solutions to come unexpected problems under fire, and often making near simultaneous life and decisions. this altered the wiring and chemistry of my brain. i shot into my first real mania when we invaded iraq. i like superman bulletproof and performed brilliantly

the fear that people just susie asm gap, they're just not going to show up. they're just not into it >> you know, it's a big threat for democrats because democrats rely on the votes of some very reliable voters. black voters have been very reliable borders, but they also need the votes of some people well, who are hard to get to vote, including young people they need support from young people and they need them to turn out and turned by the way, it turned out for them, not for some third-party candidate. so energizing their base, energizing swing voters who may be against trump, but not so much for biden. that is one of the prime mary jobs that the biden campaign faces in the selection year. >> that's absolutely right. >> and >> some there's also new reporting or not highlight some new reporting from melanie zanona and haley talbot. talbot and lean on your past experience with me covering capitol hill on the shocking number of high-profile retirements among house republicans. i mean, we're talking you've got just did some of the high profile you're seeing the

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. >> and i see more than doozy >> asm and devotion to that responsibility. then i frankly ever have before in this position as the chief election officer for this take secretary, jocelyn benson. thanks so much. it's coming up next a deadly and growing problem in america, a stunning new report on police car chases and how many innocent lives are being claimed while police are in hot pursuit, stay with us frank sinatra, it had connections with the mafia and all these nightclubs were owned by the mob. >> you didn't want to make those guys he was vegas, the story of ssd. sunday at ten on cnn high, we've both got a big birthday coming out. so we have a lot of questions about medicare plans. >> we've got a lot of answers. how can i help? what was starters? >> do you >> include hearing benefits? >> how about a plan with dental vision and hearing benefits >> sure. lepton sound of that. then how does a $0 monthly plan premium sound >> if you're new to media? a care how 188865 edna will walk you through all your coverage and benefit options to help find the right plan

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and this isn't doozy asm for a candidate. biden's latest hall. it's huge. should this rattle republicans? >> and i really, i mean, you're running against an incumbent president of the united states. this is one of the main things they can do is raise money. democrats have been doing a great job raising money in the last several cycles, really going back to 2016, it's been the democratic party that said the principal financial advantage in american elections. so not surprised he's got the money. the question is, is any got to is anybody going to be buying what they're selling with all that money? and right now, there's no evidence of that in the polling, but obviously in campaigns is better to have it that not have it. they have it, but i don't think it's unexpected for republicans who've always assumed the democrats level well-funded effort maria, what does this tell you when you look at those numbers, especially that 97% of them since the campaign began, or $200 or last of small donors that number that 97% of donors who are giving $200 or less goes exactly

. >> but when it's >> over, i'm putting asm has over what's going to be there in its place. and i think what you'll in navalny has the best, best chance of doing is creating an understanding, grading and network creating a sense of a russian speaking russia identified community, whether inside or outside of russia, that can be there when puts in his must finally over and what do you think navalny's legacy is and how do you expect to his death to impact the upcoming election if at all? >> well there's no election, right? >> even >> calling it an election as absurd. putin is going to be re-elected for his fifth totally unconstitutional term as the president of russia. like none of these things should actually we'd be used or understood his face value. so there's no election, there's no. so therefore, it's not going to influence it in any way. >> what navalny's >> legacy is. a more interesting question navalny's legacy is the legacy of building a democratic movements and actual political movement as if such a thing were possible during a time when one democratic mechanisms, whe

has only been around for 21 days, and we have amassed a lot of support and let a grassroots and doozy asm for peace. and we're going to take that to the convention and i'll tell you, we have folks coming from other states, actually including arizona and georgia that said what? we do in our states to push this propene, war measure, that there will be on the floor of the convention >> you know, i can't i can't really predict anything. what i will say is president biden has a message and has an opportunity in this moment to respond to that message that americans overwhelmingly want to see peace they wanted to see a ceasefire in michigan alone. nearly 75% of michiganders, not democrats, 75% of michiganders want to see a ceasefire. so if michigan is a critical state in november, the question will be, why not listen to something that's 75% of people want. i tell you as an elected official myself abby, if i was told 75% of my constituency wants something and it's the right thing to do. there's no reason why i would not do it it to be to be fair to president biden. he said just yesterday, he's tr

. >> these are types more, far myou then put it down asmes. >> these are types more, far myou then put you're distorting. you're you're distorting. no, you're distorting if distorting the statistics. if you put that down as a female crime, you're crime, not our crimes. you're absolutely wrong on jk rowling is right on she's saying is right on this. she's saying that this is that essentially this is misinformation. it's ideologically sky ideologically driven. and sky news done the wrong thing news has done the wrong thing here calling perpetrator here by calling this perpetrator of female . of this crime female. >> we can we can do two things here. we can say that sky news were in their tweet , but were remiss in their tweet, but also but don't also remiss. but we don't have to lie the fact that this to lie about the fact that this will be recorded as a trans woman crime. this person is going a male prison. i mean going to a male prison. i mean that what's happening here. >> no, i'm sorry, it's not information. >> i don't think it's not just one tweet. >> it's not just one tweet. anyway