although we're going to go into a recession next year, asml's customer will have to install equipment at some point to be ready for 2024 if you argue that the recession is going to be more than 12 months, then there is some downside risk. but as long as the recession is going to be limited to four quarters, i think asml is going to come out with estimates intact >> mehdi, thanks for your insights we'll see you soon >> thank you >>> still to come, amazon appearing set to cut thousands of jobs. they're not alone. more on bob chapek's belt tightening at disney next. don't go away. - oh, the stock market is doing that fun thing again. news from the future: you're going to live through that about 10 more times! (laughs) no stress. i just discovered yieldstreet. they vet investments that don't ride the stock market rollercoaster. - [narrator] yieldstreet: private market investing. >>> it's not just amazon it's not just apple. disney the latest name to join the growing list of companies tightening their belths. our julia boorstin has a gut check on that. >> good morning again. disney shares

the idea that they have added amd, applied materials, lamb, do you like 1/2 those names >> asml, i dodifferent than the others, definitely a high-quality name, with somewhat of a niche nvidia, look, to me it just is way too prone to promotion, not only from the ceo, but from shareholders as well i prefer to stay away. in addition, i don't think it's necessarily cheap, they don't typically miss, though there's -- you've got to go through where the over-ordering is, where the double ordering is, and i'm particularly troubled by the autos, frankly you're seeing them slow. the autos were starved by semis, so now semis are sort of reaction sell rating their production as supply chains are strengthening again. will they be able to sell the semis into the auto companies, as everybody had been anticipating i would stay away. i'm just waiting for a better opportunity. >> we got upgrades from a number of these things, too susquehanna, global foundries named a top idea, so it's not like wall street is backing away at the current time from those. >> specific, though. global foundries with benefit

their stewardship is exemplary they're a dutch company, asml, the ticker is also asml. >> kenneth, first're a member of the club i happen to love these guys. as a matter of fact, love them to the point that we understand that the united states simply has been blocking -- it's a dutch company, as you said, blocking the sale to china i have to tell you, as much as i love that, i'm not touching the chip stocks until the glut is over the glut is not over i don't think it will be over until january so i don't want to jump ahead and suggest that a is, ml is the right place to be. i expect the dow to outperform the nasdaq until january wall street likes to go where the winners are. there's much more "mad money" ahead. deere, i teased this morning on "squawk on the street," so strong, you ought to know, i'm digging into details, and unrest continues in china i'll take a real close look at exactly what you need to know and why it's just too big to ignore, but maybe different from what you're thinking and all your calls, rapid fire and tonight's edition of the lightning round. stay with cramer (fi

asml, partly a china story, but this is a company that makes advanced machines to produce semiconductorsying despite the restrictions around china they have seen strong demand in china and the u.s. as countries are trying to build out additional presidents in terms of that production ability. they have raised their forecasts for the full year as well. gaining 3% on the back of that. let's get the bloomberg business flash now. bloomberg has learned elon musk has told twitter staff that bankruptcy is a possibility if the company doesn't start generating more cash. twitter has a significant debt burden from the acquisition, with some funds offering to buy paper as little as $.60 on the dollar, a price typically reserved for companies deemed in financial distress. amazon shares have jumped on news that the ceo is embarking on a review of expenses as part of broader efforts to streamline operations amid a slowing economy. the e-commerce giant has already paused hiring across the entire company. that is a check on the business flash. markets currently in europe up 0.5%. francine: stocks rally

asml produces one of the current machines and the u.s.oard to exert maximum pressure on china. a team of special investigators has rated seoul's police headquarters following the crowd crush that killed 156 people. others include a police station near where the disaster happened. authorities released records of frantic calls and increase warnings about the crowd crush. global news 24 hours a day, on air and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in over 120 countries. i am vonnie quinn. this is bloomberg. kathleen: as a jay powell opens and new phase in his campaign against inflation, we will get more from our guest charles copper. we will take you to barclays's head of asia-pacific. this is bloomberg. ♪ hard to run a business on hayour own. make it easier on yourself. with shopify, you can have everything you need to streamline your shipping, returns, and product storage, so you can focus on growing your business. because when we work together, the future is bright. it doesn't have to be lonely at t

asml has a investor day tomorrow they increased their 2025 forecast, so that's climbed higher today, along with the entire sector, all stocks climbing much, much higher, but if we want to pinpoint some red, biotech wasn't doing as well names like seag gen, they did a new ceo, but across the board we are seeing strength. cathie wood's etf is climbing. zoom, peloton climbing higher, over 13% the last i checked. so a lot of names right here, and a turnaround for the chip tector as well as clouds -- what, 20 seconds 30 seconds that's a lot >> some of those movers? there are up, but that's again where that has beened hardest hit on these rising rates. >> if you look at a five-day base, ark what relatively flat so we put it in perspective, like mike santoli talked about, coming back to the same aplays to these etfs and stocks. >> and the arc insew investigation fund, thank you. kristina partsinevelos >> thank you. >>> crypto is rallying today new clarity, the division saying that trading may by halted in a few days, advising clients to close do you the positions they want to close. we hear

nasdaq's best week since march among the names, docusign and meta and asml holdings up 20%.is, chips are seeing a huge pop. smh etf is up this morning the best week since 2001 in the bond market, yields going up 3.7% on the 10-year treasury. let's talk about energy and oil markets. wti is off 1%. brent is off 1%. >>> let's get a check of the top stories with silvana henao >> comments out from the fed head suggesting that the central bank is far from done to combat high inflation speaking yesterday, governor christopher waller says they may slow at the next meeting, but it is not seen as softening waller said the markets should pay attention to the end point of increases, not the pace of each move. the end point is likely still a way off. re >>> apple shet shedding light on the mixed reality head set the listings suggest the company is looking to build a service for 3d content played in virtual reality. apple is working on its own world similar to the metaverse >>> and spacex buying a advertising campaign on the newest member of the portfolio spacex ordering an ad package on

restrictions on both semi-equipment companies like asml, and the modern chips that they're not able togrowth in the future the best is the loosening up of the covid restrictions and a bit of help from the property section. >> let's hope they're ultimately loosening up kayla tausche, come on in here we see president biden meeting with president xi. they're in person, president xi is not wearing a mask, u.n. like eunice yoon when she does her report that aside, i would imagine the white house is feeling good right now. midterm elections went better, now you have this meeting, it's a global victory lap. >> that's why president biden started his press conference from bali, indonesia, by talking about the u.s. mid terms and an affirmation of american democracy, and specifically of his agenda certainly the top-line takeaways are positive, and regardless of the heart facts about china's military buildup, president biden said he walked away from the building not believes a cold war was imminent or a military event was imminent that's a positive one, but as john was just saying, there was no lo

asml produces one-of-a-kind machines the u.s. needs to exert much more pressure on china. a team of pressure let us the gators have rated seoul police headquarters following the we can crowd crash that killed at least 156 people. other sites rated include the district police station near where the disaster happened. authorities also released records of frantic emergency calls showing police had almost four hours of warnings about the growing crowd crash. -- crush. if the appeals government and leaders of the tigre region have agreed to renew a cease-fire raising hopes that an end to the two civil war may be in sight. representatives of the ethiopian government and the tigre people's liberation front signed the accord in the south african capital. a previous court agreed in march last at five months before fighting resumed. global news, 24 hours a day, on air and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in more than 120 countries. i'm vonnie quinn. this is bloomberg. ♪ haidi. haidi: still ahead, market reaction to the fed's latest hike.

i think there are some bright spots to be had, and yes, companies like asml, which is ultimately thep-makers. incredible company. leader in the industry. 33-cents on the free cash flow versus s&p of 16. 27% on 2022 revenue. 25% projected going forward. they had great forward guidance and they are a leader in what is going on. so i think they're pretty poised for growth. as well as palo alto networks. that is a monster in the, in cybersecurity. they're building walls around companies. they're dealing with colleges. all sorts of municipalities, big governments. so you know talking about cybersecurity being up on tax of 21 of 15% and 2025 estimated to be 10.5 trillion in costs. there is a company that is set up to take advantage of that. liz: okay. >> so we're pretty positive on that. liz: yeah, palo alto networks is certainly not -- you're not buying it at the high, that's for sure. robin tell obviously a dow component. it is also down not as much as amd and it pays 5% forward yield, a dividend here. i kind of get where you're going on that but as we face the federal reserve tomorrow a

lamb, asml, applied materials. they increase nvidia, which reports tomorrow so the big money -- this is as of the end of september caveat the question is have these stocks bottomed? >> i don't know if they've bottom they certainly are acting better, and i think we all know the bad news between china restrictions and numbers coming down huge. they were 100 billion expected this year down about 70 billion. and a lot of these stocks trade 13, 14, 15 times i still prefer broad combecause it is almost a special situation. i kind of say that all the time, but i like what their end markets are. they're unique and different but 49% of the total revenues are software because they've done so much in terms of mna they have synergies that have not yet been realized and a $30 billion backlog. i like this story, but i certainly am watching the semis. >> why are you watching amat >> well, amat and lamb amat's tomorrow. i don't think it's going to be good but i don't think they've already preannounced, right? so actually if the st

indulging washington's attempt to cut off china from semiconductor technology in the country based asmllding company that produces unique equipment for creating chips, which has become the focus of the us government trying to achieve restrictions against china , dutch foreign trade minister lysia shrayone, mahera, told an mp that the netherlands will make their own decisions regarding the sale of asml chips. reading amid negotiations on new trade rules by the us and other allies, it is important that we protect our own interests, our national security, as well as economically. interests said shri mahera as a legislator in parliament in gaga. it will be much worse if we put this issue on the eu agenda and negotiate with the united states, and in the end it turns out that we will reveal to the americans the technologies of ultraviolet lithography, lt. markovich well, you see, many in europe want to protect european technologies, they want to protect cooperation with china and yesterday at this table we discussed the joint statement of the ministers of economy of france and germany uh, res

then you have asml, another chip manufacturer, up 13% after upgrading its 2025 forecast and announcing a new buyback program. since we're talking about risk on, zoom, gamestop, peloton, soaring today. peloton 13% higher tyler? >> thank you very much i i'll do an afternoon workout >> sure. >> i need to hitting hills. now to the bond market, yields are collapsing, the 10-year down 31 basis points, almost a third of a percentage point today. rick santelli has the action yields down, prices up, rick >> a historic day with the intraday moves and it started in my opinion with the year-over-year numbers on sfefkally core cpi it came in at 6.3%, which is below the 6.6%, which was the highest since '82. the reason i'm showing the chart is, listen, i'm not casting duet -- doubt on the rally or the big moves, but it didn't come down that much and we need to be cognizant of that. look at a 2-year note on an interday perspective what a drop. it's on pace for a two-week low close. it doesn't end there a chart of 10s they're trading currently right around 3.85. we all know it was over 4% before the n

interestingly enough, asml actually has one of their primary manufacturing facilities right smack in the middle of my congressional district in southwestern connecticut. and in in wilton, connecticut. and so it's not just where the company comes from. it's where they do their business. so, okay, let's let's let's just spend two or three more minutes on that. you know, the chips act is going to send about $50 billion to an industry. that's pretty remarkable relative to the way washington used to think about free markets and the way people used to think about picking winners and losers so over what time period do you think that expenditure is likely to make us more secure and and how much more secure? what kind of bang are we getting for the buck there? i think we are actually already seeing some of the impact of of the chips legislation. we've seen major announcements by companies to build new facilities in the us, both us companies like micron building a facility in new york, intel in ohio, but also by foreign companies like samsung, for example, is building a new facility in texas a

also the dutch are big players because asml is the big semiconductor manufacturing equipment company.haad: they make the equipment which allows people to make the semiconductors. bruce: so the question is what will the dutch do in terms of going along with some restrictions the u.s. has imposed on semiconductor manufacturing equipment want to china. the dutch have said we are not going to just copy what the americans are doing. that said, they have all said they are going to look at this further. the u.s. is sending officials to the netherlands soon and they will be having negotiations. so we will likely see some tightening from the dutch. just how far, remains to be seen. david: the brief meeting between xi jinping, he met with the u.s. vice president. bruce: he met earlier in the week with president biden, then at the end of the week he met with vice president harris. a short meeting at the apec summit. but it did give president xi an opportunity to talk more about his meeting with biden, which did raise hopes that there would be some sort of a thaw in u.s. china relations, and inde

followed by palo alto, lam research, asml we'll keta a break and get back we'll keta a break and getprise financial, our advice is personalized. jm based on your goals, whatever they may be. all that planning has paid off. looks like you can make this work. we can make this work. and the feeling of confidence that comes from our advice? i can make this work. that seems to be universal. i can make this work. what's worth listening to is advice worth talking about. ameriprise financial. don't go anywhere. as a business owner, your bottom line is always top of mind. so start saving by switching to the mobile service designed for small business: comcast business mobile. flexible data plans mean you can get unlimited data or pay by the gig. all on the most reliable 5g network. with no line activation fees or term contracts. saving you up to $500 a year. and it's only available to comcast business internet customers. so boost your bottom line by switching today. comcast business. powering possibilities. ™ >>> jim, what's on "mad" tonight. >> fallen angel, zoom. we have max levchin, affirm,

asml said it's increasing 2025 forecast nvidia and amd have been some of the best performers on the nasdaqfor best week since november 2020 another semiconductor etf, sox, coming off its best quarter since march of 2020. >> thank you. >>> got a fresh twitter chain/apology from sam bankman-fried. he talks about the chapter 11 filing in the u.s. and adds, i'm really sorry, again, that we ended up here. hopefully things can find a way to ror hopefully this can bring some amount of transparency, trust and governance to his customers. adds, it doesn't necessarily have to mean the end for the companies or their ability to provide value in funds to their customers. ultimately i'm optimistic that mr. ray and others can help provide whatever is best david, one thing we know for sure is he's vocal on twitter. >> he is he was vocal yesterday, perhaps, painting a more optimistic picture than he otherwise should have given 24 hours later he files everything, including ftx in the u.s. for chapter 11 130 so-called entities that doesn't necessarily mean anything because if you're a broker/dealer, you cert

national security and when you look at asml in holland and tsmc, those are the two most important chiped that out how we deal with an invasion of taiwan, who ends up controlling taiwan semi's fab in taiwan is another story. >> that's what i mean. why wouldn't that be -- must have had some type of calculus go into that decision. how would -- what would happen if it is in two years, do you sell it before then? >> it is a great question to ask warren buffett it is a -- a decision fraught with let's say geopolitical considerations and he must think that either china's not going to invade taiwan and not take over tsmc, but tsmc's operations around the world, especially the u.s., will live on and i think as you know we determine that our national security was threatened in 2016. we put in a special plan to cut through all of the red tape and get things built in phoenix, arizona, as fast as we can the problem is these things take five or six years to build these buildings are $14 billion buildings. if you google taiwan semi and arizona, and look at the images, you never have seen more cranes