what has asml said so far?ormer employee and china stole data about its proprietary technology, and the semiconductor equipment maker said it is currently investigating the incident and has alerted relevant authorities. it did say the incident may have violated certain export control regulations. asml made his comments in its annual earnings statement where it also highlighted that the company is seeing increasing security risk trends such as phishing attacks and attempts to steal intellectual property. tom: investors so far taking this in stride. the stock up .4%. what is the impact on asml's business? april: it is important to say it is difficult at the moment to say what the exact impact will be on asml's operations. there is so much uncertainty surrounding the finer details of the incident. asml said it did not make a statement earlier on this because the impact is not material to its business. however, the fact that certain export control regulations may have been violated suggest that this is potentially

asml competes with a much smaller japanese rival.e these particular machines to make the most cutting edge chips. they shrink and print patterns onto silicon wafer's. they are critical in making particularly smaller transistors so you can pack or power onto each chip so you can make smaller devices that pack more processing power. at the same time it is very hard to replicate an entire chip supply chain or a machine just from a bit of software. these machines are really the fruit of decades of cooperation, global cooperation even calibrating a lithography machine requires partnerships with chipmakers and materials providers. people who make the chemical washes and gases that help make machines work. even just calibrating the equipment takes a lot of expertise and cross chip. asml has said that this isn't, the theft is not material to its business. they don't deny that anyone would be able to replicate their machines just from this one incident. that said, technology transfer does happen, it just takes a lot of time. >> do we know if

coming up now, asml saying the company was stolen from again.theft is tied to a former china employee. this is bloomberg. ♪ kriti: you looking at a live shot of -- this is bloomberg. ♪ lisa m: keeping you up-to-date with the first word. scotland's sturgeon resigns after eight years as head of the country. it is a move that will reverberate across u.k. politics. >> these jobs are a privilege, but they are also rightly hard. especially in the case of first minister, relentlessly so. to be clear, i'm not expecting violence here. but i am a human being, as well as a politician. >> the decision to step down comes after an unusually turbulent time and leaves the independence campaign looking for a new figurehead without a clear roadmap. the european union's new sanctions package would target $11 billion worth of goods by trade bands and technology used in drones, missiles, and helicopters. the eu is also poised to force banks to report on russian bank assets, as part of the latest sanctions package targeting moscow for its war on ukraine. germany is r

that is why asml is so critical. it is one of the few companies in the world that makes these systems that the information was stolen about. caroline: um, thank you so much for helping to break down another great scoop. turning to another company we are watching. the man behind one of the key electric vehicle companies. elon musk says she may need to have the rest of this year to make things right at twitter. take a listen. >> i think i need to stabilize the organization and just make sure it is in a financially healthy place and that the product roadmap is completely laid out. i am guessing probably towards the end of this year would be good timing to find somebody else to run the company. i think it should be in a stable position at the end of the year. caroline: a man who has followed his entire journey is kyle wegner. i feel like a lot of tesla shareholders were disappointed by that timing. >> i saw the poll that elon musk came out with saying should i find somebody? the expectation was that this would happen qui

we will have details on asml as the u.s. to help in preventing china's chipmakers abilities from advancing. ♪ manus: let's get your trading day set up for you. american economic data is the focus. we have a up fed speak to deal with. 1:45 p.m., the cleveland fed president speaks, u.s. fed president james bullard will hit the tape, he is in jackson, tennessee. across the pond to europe, 3:00 p.m. this afternoon. the other major story we've got is from asml. sources tell bloomberg data stolen was from systems that were used to store technical information about its chipmaking machinery. the dutch company is blaming a former china based employee. let's get to our asian and politics reporter, rebecca, thank you for joining me. what has been stolen, and how concerning is it? rebecca: as you say, this is information on software systems essentially stored information about the technology that as cml uses, specifically it is linked to a repository for technology linked to lithography, which is essentially crucial to making these very

shery: to what extent will it have an impact on the asml?otentially let's chipmakers rely less on asml equipment which does a complex task in the chipmaking process called lithography which sometimes requires it is basically the burnings of lines into chip materials and sometimes it has to be done to her three times. this will let you do it just one time or fewer times and save money from that process. ultimately that means maybe you have to buy fewer machines down the road. for now analysts don't see a big impact on their business because of this but if it is successful in the long term, it could have an impact on the. shery: what would be the impact on the broader industry? will chip name -- will chipmakers embrace this technology? >> if they do, they analysts are saying for now relatively small amount it could add up to 300 million in annual sales to applied materials. ultimately, it could be a bigger deal for them if it catches on what they are arguing is that essentially if you use this and you make 100,000 chips for a month or so, you

in asml. cadence design posted its earnings earlier this week bridgewater associates cut its stakes by 80% in q4 of last year another. lar name among the 13 filings was salesforce with five known activists in the stock you have starboard filings valueact over half a million inclusive cap over 6 million elliott management the sigh of those positions is still unknown. keep in mind 13 filings provide an update on q4 holdings and they may have changed in the past three weeks for cnbc news business i'm kristina partsinevelos. >>> the bust could drive more inactivity this year they have already raised or are in the process of raising $17 billion in this quarter. we have with us the ceo and founder of the company great to have you on the show. 2022 was a year of revaluation for the tech stock community we saw a massive plunge in the nasdaq down 20%. this year things are turning around somewhat. i wonder what extent over this new focus on it, how is that going to go forward? >> it's very exciting. the

asml and u.s.rnment are said to be investigating potential links between a former employee accused of data theft and the chinese government. the suspect has been accused of having ties with a chinese agency. rishaad: seeing a bit of a mixed bag overall. we are headed down. we have this halting u.s. interest rates and the hot inflation read. the pce which sent the nasdaq and s&p to the worst week since december. the one in focus has two months highs against its american counterpart. david: do we have some movers up? probably doing it later. coming up msci capital rejoining to talk us through the regulatory environment. then harbor will be talking us through the readthrough as far as tech as the tech sector is hi, i'm katie, i've lost 110 pounds on golo in just over a year. golo is different than other programs i had been on because i was specifically looking for something that helped with insulin resistance. i had had conversations with my physician indicating that that was probably an issue that i

smooth running and respected nonprofit complete with loyal volunteers like this corporate group from asml semiconductor. >> i was looking around for something to do. >> reporter: and los gatos retiree yana arnold. >> if we don't do it, it's not getting done. >> reporter: on this day the targeted cleanup is atyote creek and roosevelt park. >> today we're kind of cleaning up the aftermath of the crazy storm we just had here in san jose in the bay area and all the water rose super high and as you can see, there's still quite a bit of trash that washed up here on coyote creek. eventually this stuff will flow out to the ocean, which is eventually going to kill all the wildlife. >> reporter: the water was still too deep for volunteers to wade into. >> i just have a magnet and hook on this rope. >> reporter: so the trash punks came up with a work- around. >> so on the overpass here i just lower it down, kind of just go fishing for metal and right here i have an old -- what is this? -- bug spray. this is really bad to have in the water, too. >> reporter: it fits with justin's original motto of cl

asml and the u.s.ent are investigating potential links between a former employee accused of data theft and the chinese government. sources tell bloomberg the suspect has been identified as having potential ties to a chinese state-sponsored entity. the u.s. has been pressuring the dutch company and others not to sell advanced chipmaking technology to china. haidi: australian bonds. we have already seen the repricing really take place. yields have been pushing of a higher. the hot rating for the fed's most favored inflation reading really was the last kind of impetus to send a global bonds read for the year. we haven't really seen a surge of 3.3% for global bonds in january by one gauge, the best month on record. that has pretty much gone out the window when it comes to february traders. they are really struggling to keep up with where the peak cash rate will be. certainly that's a question when it comes to the rba as well and how the central bank here is expected to stay higher for longer. in the next h

there are some breaches at xml -- asml.looking at restricting chips to china because they say there is a misappropriation of chip data in china. ♪ 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 60% a year. and it's only available to comcast business internet customers. so boost your bottom line by switching today. comcast business. powering possibilities. when people come, they say they've tried lots of diets, nothing's worked or they've lost the same 10, 20, 50 pounds over and over again. they need a real solution. i've always fought with 5-10 pounds all the time. eating all these different things and nothing's ever working. i've done the diets, all the diets. before golo, i was barely eating but the weight wasn't going anywhere. the se

asml not responding to that once the news came out very well.ay, over today basis is looking good. the close is next. more details to follow. this is bloomberg. hi, i'm katie, i've lost 110 pounds on golo in just over a year. golo is different than other programs i had been on because i was specifically looking for something that helped with insulin resistance. i had had conversations with my physician indicating that that was probably an issue that i was facing and making it more difficult for me to sustain weight loss. golo has been more sustainable. i can fit it into family life, i can make meals that the whole family will enjoy. it just works in everyday life as a mom. guy: 730,000 feet from space, that is what is happening and european equities traded below the surface with huge repricing we are seeing in the bond market , plenty to talk about. in london, down .2%. the banks are the big driver today. let's show you what is happening in terms of the session and how we worked our way through today. down by around .2%. not a big shift with the

you have asml come up almost 3%. you can tell me why.igators are looking at potential ties between the chinese government and anex-employee accused of stealing data. unicredit up a whopping 4%. part of that is going to be that yields. the other part is what is happening within unicredit in particular. things were so good last year that there raising the bonus pool by 20%. the ceo could get a boost of 40% of its pay. that is good for talent retention, maybe forgetting workers to come to them, and also good for the bank in general because things were so great when it comes to their revenue basis. jeffries says it is on a clear pathway for sustainable recurrent high distributions and management saying m&a is far off, not going to happen. we will believe it when we see it. tomorrow is going to be busy as well. a couple of things to pay attention to. allfunds reporting after bloomberg held a scoop last -- had a scoop last week on a takeover bid. a attention to any readthrough from there. you havebaye reporting and ther world's biggest telecom

here is the thing, when i woke up the news that hit me from overseas, asml, one of the largest, sophisticatedemiconductor companies in the world acknowledged that a former chinese national employee stole a bunch of equipment. we know that this balloon, the payload carried a lot of equipment stamped usa or was american technology. this is where people are really concerned. we know that we put up some barriers and we're trying to get some of the semiconductor stuff and technology out of the hands of the communist chinese but is it too little too late? >> we need to do more but, yes, we mr. in a very competitive race with china. this is very close to a cold war and there is no question that china wants to get the usa. they hate us. intrusions, whether from universities, cyber espionage, economics, buying farmland, big balloons and surveillance, or the way they invade the airspace of china. there is no question china's global military ambitions are dominating everything at this point. as americans hey, we've got to wake up, do what we need to do to protect our economy and to deter china militaril

we have seen them targeting chipmakers, involving asml, the netherlands, and japan, as well.o be expected that beijing is going to start thinking about these things in kind. yvonne: thank you. some lines that were crossing when it comes to tie gdp numbers -- thai gdp numbers, a sizable miss. 1.5% higher, the estimate was for 3.6%. a slowing down of economic activity. a lot of it has to do -- we will see where tourism is just given the fact they have reopened. there's a lot of prospect that the china reopening, that's the key beneficiary. rishaad: tourism is 50% -- 15% of the economy but it extends further than that. a contraction of 1.5% on gdp. there bigo. -- there we go. it was one of the strongest performers in this part of the world. since the financial crisis it has been a source of stability in a region which has seen their currencies ravaged at times. david: since 1997, post asian financial crisis. this is one of the currency that has benefited from the reopening story. it actually missed by a full percentage point below the lowest estimates. in some ways that undersco