. ♪ thanks to avalara, we can calculate sales tax automatically.larahhhhhh what if tax rates change? ahhhhhh filing sales tax returns? ahhhhhh business license guidance? ahhhhhh -cross-border sales? -ahhhhhh -item classification? -ahhhhhh does it connect with acc...? ahhhhhh ahhhhhh ahhhhhh ♪ paul: let's check in on shares in woodside, good morning, up by 4/10 of 1%. stock has been off by seven .4%. we've seen a modest uptick in oil prices today of course, but this is on signs that there might be investor discontent around woodside energy, so australia's largest pension fund voted against the climate plan and reelection of the chair. for more, amy bainbridge joins us from melbourne. what is going on? woodside agm is happening on wednesday. amy: funds do not like to talk about how they are going to vote. in this case there has been quite a bit of noise leading up to the general meeting. which has 170 billion australian dollars and management yesterday. they told bloomberg they voted against the reelection against the company's climate transition pla

. ♪ thanks to avalara, we can calculate sales tax automatically.valarahhhhhh what if tax rates change? ahhhhhh filing sales tax returns? ahhhhhh business license guidance? ahhhhhh -cross-border sales? -ahhhhhh -item classification? -ahhhhhh does it connect with acc...? ahhhhhh ahhhhhh ahhhhhh get your business online in minutes with the power of ai... ...with a perfect name, a great logo, and a beautiful website. just start with a domain, a few clicks, and you're in business. make now the future at godaddy.com/airo paul: we are going to get china's official factory activity gauges for april coming up in the next hour with economists expecting the recovery to continue but at a slower pace. for more let's bring in our greater china senior executive editor john liu. we are expecting pmi's to ease off a little in the month of april but there were a few days off in april, some public holidays. so can we explain this away with a seasonal argument or is this part of a trend? john: i think there is a trend beginning to form. in march we got the first posit

. ♪ when you automate sales tax with avalara, you don't have to worry about things like changing taxates or filing returns. avalarahhh ahhh haslinda: china's top diplomat warns the u.s. secretary of state that problems are marked even as relation stabilize. >> the chinese relationship is beginning to stabilize. the two sides have increased dialogue, cooperation. this is welcomed by our peoples and the international community. at the same time, the negative factors are still increasing. the relationship is facing all kinds of disruptions. haslinda: our senior reporter joins us on the line with the latest. it's about balance, he says. what you make of those comments? ian: i think it's oscillating between stability on the one hand and volatility on the other. we are seeing a stabilization drive for the u.s. and china, but at the same time there is growing concern in the u.s., especially with the election, the rhetoric on the u.s. side is increasing when it comes to chinese economic support for russia, the china sea, there are things china has been doing the u.s. doesn't like despite pus

. ♪ thanks to avalara, we can calculate sales tax automatically.t if tax rates change? ahhhhhh filing sales tax returns? ahhhhhh business license guidance? ahhhhhh -cross-border sales? -ahhhhhh -item classification? -ahhhhhh does it connect with acc...? ahhhhhh ahhhhhh ahhhhhh katie: chemical maker dow is indicating sales below estimates things to weak demand in europe. abigail doolittle has the details. abigail: sales of 10 point $7 billion in line. one thing relative to sales what was in line. it was down on a year-over-year basis. in addition to what you're talking about with the guidance. lots of strength. they benefited from lower feedstock and energy costs. if we look at it relative to some of the competitors on the year we will see the dow was underperforming but one real bright spot is after the january quarter which was where the stock diverged from dupont that you could see it is recovered and close this gap a lot. one reason to be positive even with that sales guidance if we break down materials and i think it's glossy coatings we are go

thanks to avalara, we can calculate sales tax automatically.valarahhhhhh what if tax rates change? ahhhhhh filing sales tax returns? ahhhhhh business license guidance? ahhhhhh -cross-border sales? -ahhhhhh -item classification? -ahhhhhh does it connect with acc...? ahhhhhh ahhhhhh ahhhhhh haslinda: welcome back. u.s. secretary of state antony blinken raise concerns about trade and economic practices in his meeting with the shanghai party secretary. quite a different tone compared to yellen when she visited china. you've got to wonder how blinken wants to stabilize relations. >> i think ultimately they are both two sides of the same coin. you had to yellen in beijing a few weeks ago talking about industrial overcapacity. that is certainly on blinken's agenda now as he meets with top communist party officials in shanghai. he is also meeting with some leaders, possibly xi jinping. his also hitting a lot of china's ties to russia. a lot of that comes down to how that may be bolstering russia's defense capabilities in its war with ukraine, so ultima

." ♪ ♪ when you automate sales tax with avalara, you don't have to worry about things like changing taxling returns. avalarahhh ahhh ed: welcome back to "bloomberg technology." caroline: let's get a quick check on the markets. we are thick and fast and earnings season and trying to digest the bond market action. big sales of the five-year after the two-year auction yesterday. still holding on to gains more broadly as big tech wins out. interesting moves of the japanese yen, basically weakening to levels we've not seen in two or three decades. we are expecting some intervention as we break through this 155 level. bitcoin down versus the u.s. dollar today. off by 2.4%. there is still some anxiety in risk assets. have a look at what's happening in terms of individual moves on the tech landscape. not totally tech a lot to do with tech. boeing. it had been flying high. more than 4% after earnings came in better-than-expected but the crucial headline of the 787 produced on just five jets per month. that is a worry to investors. tesla just soaring, up 11% after an awful first quarter in terms

. ♪ when you automate sales tax with avalara, you don't have to worry about things like changing taxates, exemption certificates or filing returns. avalarahhh ahhh ahhh ahhh paul: we have been hearing from sk hynix this morning with first quarter results containing prettied impressive headline numbers. with some more analysis, let's get over to avril hong in our singapore studio. avril: yeah, impressive i think is the right word to use here. we saw that beat on sales and profit and this is coming against the backdrop of their concern about just whether this chipmaking demand is coming back. as we heard from tsmc for example last week that their guidance really disappointed and caused a rout in the markets as well as the broader tech sector. so today hearing from the likes of sk hynix is likely to reinvigorate some of that optimism towards the sector. we are of course seeing that number coming through thanks to the high-end chip demand. that speaks to what we are seeing on the ai sector, especially as we have the likes of meta and its outlook disappointing, raising the question here r

thanks to avalara, we can calculate sales tax automatically.t if tax rates change? ahhhhhh filing sales tax returns? ahhhhhh business license guidance? ahhhhhh -cross-border sales? -ahhhhhh -item classification? -ahhhhhh does it connect with acc...? ahhhhhh ahhhhhh ahhhhhh (upbeat music) there's more to business than the business you're in. if 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. caroline: let's talk about the resale market if you are apparel. the secondhand apparel market is growing 11% annually on average in the u.s. that's according to threadup's latest report. that will reach $73 billion by 2028. let's get to the person behind this report, james reinhart. we have seen many ways people want environmental rea

. ♪ thanks to avalara, we can calculate sales tax automatically.valarahhhhhh what if tax rates change? ahhhhhh filing sales tax returns? ahhhhhh business license guidance? ahhhhhh -cross-border sales? -ahhhhhh -item classification? -ahhhhhh does it connect with acc...? ahhhhhh ahhhhhh ahhhhhh to me, harlem is home. but home is also your body. 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 one to studio three. 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 from chase for business. make more of what's yours. paul: tiktok says it is ready to challenge a law that would ban the app in the u.s. unless it's chinese owner bytedance sells its stake in the company. president biden signed that legislation wednesday as part of a larger foreign aid package. >> rest assured we are not going anywhere. we are confident and we wi

this is bloomberg. ♪ thanks to avalara, we can calculate sales tax automatically.t if tax rates change? ahhhhhh filing sales tax returns? ahhhhhh business license guidance? ahhhhhh -cross-border sales? -ahhhhhh -item classification? -ahhhhhh does it connect with acc...? ahhhhhh ahhhhhh ahhhhhh katie: let's take a look at these markets really at the start of this week it feels like because we have amazon reporting after the bell tonight. that is followed by the fed meeting tomorrow, and then we have apple on thursday. it has been kind of quiet as we await those things. we take a look at how things are looking right now and it does not look too good honestly. the s&p 500 down 0.3%. the same thing if you look at big tech with the nasdaq 100 currently off about 0.3%, 0.4% depending on the exact second i look at it. small moves overall but the direction is lower. we had some really strong showings from microsoft and off about last week. we were talking about the best weekly performance for both of those indexes last week of 2024 so maybe a bit of a wait and see mode as

. ♪ when you automate sales tax with avalara, you don't have to worry about things like changing taxates 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 point to a stable quarter ahead. we want to turn to abigail doolittle who is here with a developer to disc

thanks to avalara, we can calculate sales tax automatically.rahhhhhh what if tax rates change? ahhhhhh filing sales tax returns? ahhhhhh business license guidance? ahhhhhh -cross-border sales? -ahhhhhh -item classification? -ahhhhhh does it connect with acc...? ahhhhhh ahhhhhh ahhhhhh ♪ >> it's time now for social climbers, it starts making waves on social media this morning. first avenue, southwest airlines flight safely returned to the denver airport yesterday after the engine cover of a boeing 737 selloff instructor wing flap. the faa is investigating. next up we have target targeting theft. the big-box retailer is adding new technology at its self checkout registers that uses cameras to detect items on scanners and invaded to reduce theft. the company also said it plans to open more traditional checkout lanes that are actually staffed by employees. finally, but a lot because elon musk announcing that the company's long-promised robotaxi will be unveiled on august 8. the announcement coming in the wake of a report that the company canceled p

when you automate sales tax with avalara, you don't have to worry about things like changing tax ratesling returns. avalarahhh ahhh katie: this is bloomberg markets. it's time for today's wall street beat. we are looking at bridgewater's next chapter as it looks to move past ray dalio's reign. kathy burton is with us. it's been about 18 months for this idea, how's he doing? >> he has a mixed report card. he has tried to make a lot of changes at the firm to improve performance. there has been some perio of good performance including this yeard but last year, they hads one of their biggest losses. it's not entirely clear yet he has figured out how to improve things there. katie: when it comes to what's going on at bridgewater, i feel this is part of a broader story when you have any industry having a hedge fund moving beyond the founders influence. it's tough to do. particularly at a place like bridgewater because it had a particular culture. ray was a very sort of dominant leader in that. i think it made it even more difficult for them to break away. katie: talk about the culture and wh

. ♪ thanks to avalara, we can calculate sales tax automatically.rahhhhhh what if tax rates change? ahhhhhh filing sales tax returns? ahhhhhh business license guidance? ahhhhhh -cross-border sales? -ahhhhhh -item classification? -ahhhhhh does it connect with acc...? ahhhhhh ahhhhhh ahhhhhh you're probably not easily persuaded to switch mobile providers for your business.hhh 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. sonali: welcome to ""bloomberg markets.",i'm sonali basak. the s&p 500 having the best week of the year. traders reading a sigh of relief from the latest inflation data. the s&p 500 is notching a gain. moving higher. reall

. ♪ when you automate sales tax with avalara, you don't have to worry about things like changing taxfiling returns. avalarahhh ahhh 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. okay, that's uncalled for. >> from the world of politics to the world of business. this is "balance of power." ♪

. ♪ thanks to avalara, we can calculate sales tax automatically.ax rates change? ahhhhhh filing sales tax returns? ahhhhhh business license guidance? ahhhhhh -cross-border sales? -ahhhhhh -item classification? -ahhhhhh does it connect with acc...? ahhhhhh ahhhhhh ahhhhhh >> should probably take the committee and the chair at face value. i think the best guess right now is three cuts this year. of course the data can go one way or another, but that is the base case. sonali: that was jim bullard on bloomberg, former st. louis president. we are going to talk a little bit more about those comments coming out of the federal reserve and people watching the fed closely. there is places where people are going against the grain, adding that the fed will cut 50 basis points as soon as june. the market consensus is less than three rate cuts this year, but state street believes that the economy is far more fragile than one might think, which would lead to more rate cuts than you would expect. before we let you go, quick check on the markets. you have noticed t

when you automate sales tax with avalara, you don't have to worry about things like changing tax ratesfiling returns. avalarahhh ahhh so, what are you thinking? i'm thinking... (speaking to self) about our honeymoon. what about africa? safari? hot air balloon ride? swim with elephants? wait, can we afford a safari? great question. like everything, it takes a little planning. or, put the money towards a down-payment... ...on a ranch ...in montana ...with horses let's take a look at those scenarios. j.p. morgan wealth management has advisors in chase branches and tools, like wealth plan to keep you on track. when you're planning for it all... the answer is j.p. morgan wealth management. david: most of your life you devoted to the study of chimpanzees to make sure that they are better understood and better appreciated, but in recent years, you created the institute, the jane goodall institute, and what is that designed to do? dr. goodall: that started in 1977 and by then i had a little research station and four of my students were kidnapped and everything shut down and so some friends of

when you automate sales tax with avalara, you don't have to worry about things like changing tax rates or filing returns. avalarahhh ahhh >> take a look at how the yen is trading. this after the dalian swung through that fairly rare seven and on monday. a downward bias against the n. young traders are really seeing the uphill battle for a more sustained halt of the slide that we had seen in the end. and that any intervention would need to be sustained. we are in summer months from the currency chief. there will disclose result at the end of next month. some reiteration of the same messaging we've had over the past few months. this is the head of ethics strategy. great to have you with us. we have some comments that this is being seen as a subtle confirmation. >> i think the diplomat's mission would be -- they are more likely to be buying intervention. >> going forward it does not seem like traders if you look at monday's trading action are particularly afraid of pushing back and fighting against the mof. why should they? after the broader economic data between the u.s. and japan changi

. ♪ thanks to avalara, we can calculate sales tax automatically.hhhhhh what if tax rates change? ahhhhhh filing sales tax returns? ahhhhhh business license guidance? ahhhhhh -cross-border sales? -ahhhhhh -item classification? -ahhhhhh does it connect with acc...? ahhhhhh ahhhhhh ahhhhhh her uncle's unhappy. i'm sensing an underlying issue.hhh 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. okay, that's uncalled for.

. ♪ when you automate sales tax with avalara, you don't have to worry about things like changing taxates or filing returns. avalarahhh ahhh david: let's talk about how you got into the insurance business. your father was in the business. did he say, peter, when you grow up you should go in the insurance business? peter: he did not -- the myth of him reading the insurance books at night is not true. he encouraged me to pursue what i wanted. i went to boston college, graduated. the reason i wanted to enter the insurance industry was because i wanted to stay in boston at a company owned by itt. it did offer me a job. i thought would do training elsewhere to come back to boston, that's why i took the job. david: some people might say that insurance is a worrying business. it does not attract people the way private equity does. is that not the case where you found it would be interesting out of college? peter: i found it interesting. you aren't doing the same thing every time. you learn to build relationships. you understand the quantitative nature of how to underwrite. i liked it because

. ♪ thanks to avalara, we can calculate sales tax automatically.larahhhhhh what if tax rates change? ahhhhhh filing sales tax returns? ahhhhhh business license guidance? ahhhhhh -cross-border sales? -ahhhhhh -item classification? -ahhhhhh does it connect with acc...? ahhhhhh ahhhhhh ahhhhhh godaddy airo. creates a logo, website, even social posts... in minutes! -how? -a.i. (impressed) ay i like it! who wants to come see the future?! get your business online in minutes with godaddy airo david: as we talk today there are lots of problems around the world. one is what's going on in israel, another is ukraine. how do you assess those risks? did you ever provide insurance to people in ukraine? peter: we had a business in russia prior to the russia-ukraine conflict. we do not have a big business in ukraine. but through lloyds, we did have exposure to some classes of business through the war. assessing that is very complicated. it's one that you need to manage how much you are going to underwrite a specific class that could have political violence or a wa

. ♪ when you automate sales tax with avalara, you don't have to worry about things like changing tax returns. avalarahhh ahhh >> quick data coming out. producer prices rising. estimate was for 2.1 so that is more and and uptick from the reading. paul, it continues to be the story of inflationary signals. question of the week yen, something to track. no change expected. paul: keeping her eyes on shares of europe's biggest software company, after it forecast revenue expansion. dominic told us it is down to the boom been artificial intelligence. >> ai propelled the cloud. resulting in and uptick by 25%. forward-looking ccb subscription revenues is even growing at a record growth driven by a core offering in the cloud. that generated 30% growth for nine quarters in a row. host: what is the demand for artificial intelligence that you see most commonly invested in? guest: it is broad on finance, the supply chain, so there is no exclusion, we've brought 30 use cases to the market, planning another hundred, we have 27 thousand customers using ai use cases. the users are benefiting to fight r

thanks to avalara, we can calculate sales tax automatically.hhhh what if tax rates change? ahhhhhh filing sales tax returns? ahhhhhh business license guidance? ahhhhhh -cross-border sales? -ahhhhhh -item classification? -ahhhhhh does it connect with acc...? ahhhhhh ahhhhhh ahhhhhh you have to make it. and if you want a successful business, all it takes is an idea, and now becomes the future where you grew a dream into a reality. the all new godaddy airo. put your business online in minutes with the power of ai. caroline: the bloomberg nef summit is in full swing in new york. discussing how to shape a cleaner, more competitive future, we are speaking to a person doing that. the ceo of svante fresh office panel from the summit. claude, you are providing the technology, the filters, the ability for companies such as, say, manufacturing makers to carbon capture. how? applaud: -- claude: we took our name similar to tesla on the ev. we are a unicorn focusing on carbon management by providing solution to avoid co2 going into the atmosphere in the firs

. ♪ thanks to avalara, we can calculate sales tax automatically.larahhhhhh what if tax rates change? ahhhhhh filing sales tax returns? ahhhhhh business license guidance? ahhhhhh -cross-border sales? -ahhhhhh -item classification? -ahhhhhh does it connect with acc...? ahhhhhh ahhhhhh ahhhhhh but starting it eight months pregnant, that's a different story. with the chase ink card, we got up and running in no time. earn unlimited 1.5% cash back on every purchase with the chase ink business unlimited card from chase for business. katie: time for social climbers. a look at the stocks making waves. first up, tencent announcing that it will announce a much anticipated dungeon and fighter mobile game after seven years of development. tencent has been hampered by years of regulatory tightening. next up, the u.k. recently lifted a cap on bonuses. now they are asking shareholders for permission to adjust the pay structure. if the proposal passes, some of the top bankers could see new york style bumper bonuses. and red lobster got it all prawn. an $11 million

. ♪ when you automate sales tax with avalara, you don't have to worry about things like changing taxes or filing returns. avalarahhh ahhh abigail: you're looking at a live shot of the principal room. an interview with the edward jones ceo. this is bloomberg. katie: it's time for our daily wall street week conversation. it's just over one week till india voters go to the polls in the general election. it will be far from a quick process per the world's most populous democracy votes in seven phases over 44 days. rockefeller international chairman spoke with david westin yesterday about india's economic rise and what to expect from the upcoming election. >> if you look at india's economic progress since it got independence in 1947, right up until the 1980's india was a big economy, it's ranking per capita incomes in terms of the gdp size kept on falling for the entire period. the turning point as far as they were concerned i would say was really the 1990's when you had the major boost of economic reforms when the indian economy went bankrupt and had to go to the imf program. india's eco

. ♪ when you automate sales tax with avalara, you don't have to worry about things like changing taxion certificates or filing returns. avalarahhh ahhh ahhh ahhh ♪ haidi: china is seeking to end boom and bust trading. it's nine point includes dividend payments to improve stocks. let's bring in john chang. tell us more about this guideline and how it is different from previous rhetoric? john: so this is wants in a decade guidelines by chinese authorities that has been launched twice before in 2014. it improves the quality of stock listings, fresh listings, improving dividends for shareholders. while some measures are new, we have estate owned enterprise they've been in the works for years. it comes at a time when the chinese economy are facing challenges we see sentiment improving and this is adding more and this could be a long-term catalyst for sustainable rally in chinese stocks. haidi: there are investors comparing this to japan, korea. those are longer-term campaigns where japan is just starting to come to tuition, is this fair? john: this is john extra attention, we have the eb

when you automate sales tax with avalara, you don't have to worry about things like changing tax ratesexemption certificates or filing returns. avalarahhh ahhh ahhh ahhh to me, harlem is home. but home is also your body. 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 one to studio three. 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 from chase for business. make more of what's yours. haslinda: welcome back. here are some of the top stories out of china we're following. president biden has called combine xenophobic during an election campaign stop in pennsylvania. relation between two nations have stabilized of late but tensions are growing in manufacturing. >> they have a population that is a lot more people in retirement than working. they are not bringing -- they are xenophobic. nobody else coming in. they have a real problem. haslinda: china's co

when you automate sales tax with avalara, you don't have to worry about things like changing tax ratesuncle'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. okay, that's uncalled for. david: half an hour away from the opening bell, hong kong, shanghai and shenzhen. you are watching the china show. yvonne: asia stocks rise after a rally of heavyweights with investors focused on earnings as a major test of sentiment on equities. david: tesla jumping in late trade with the promise to pass cheaper models taking the

." ♪ sales tax with avalara, you don't have to worry about things like changing tax rates or filing returns ahhh finale: live from bloomberg i'm sonali basak. tim: i'm tim stenovec. finale: crypto's richest man, the bytedance co-founder learned his fate in a u.s. court with proceedings underway facing up to three years in prison for anti-money laundering failures. tim: we speak about the case and the price action in bitcoin slumping since hitting a record high. sonali: hong kong falls in the footsteps of the u.s. debi

. ♪ when you automate sales tax with avalara, you don't have to worry about things like changing taxemption certificates or filing returns. avalarahhh ahhh ahhh ahhh katie: let's take a look at some stocks hitting highs this morning. we start with defense giant rtx, hitting a 52-week high after beating estimates thanks in part to strong demand for missile defense systems. shares are currently unchanged, some of the gains coming back. you take a look at ge aerospace hitting highs after reporting positive results. the strong showing was driven by an increase in revenue from commercial aircraft engines and services. shares currently higher to the tune of about 6% as the broader market rallies. the s&p 500 currently higher by about 1% but everything could change tonight when we finally get those tesla earnings. bloomberg tech is coming up next. they will be all over it. that does it for bloomberg markets. i'm katie greifeld and this is bloomberg. ♪ 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 insu

. ♪ when you automate sales tax with avalara, you don't have to worry about things like changing taxr filing returns. avalarahhh ahhh paul: the senior white house claimant advisor says the u.s. needs to ramp up the speed and scale of its shift away from fossil fuels, speaking at the bloombergnef summit in new york. he also joined the chorus of complaints from washington about china's overcapacity. >> the concern about overcapacity in china across the so-called green technologies -- batteries, electric vehicles, the solar supply chain. particularly the shift of the economic focus of beijing, has been on trying to get out of those -- the stagnation they were in by over investing in capacity in some of these technologies. but that is not good for the united states, it is not good for workers and it is not good for the world, because we need a level competitive playing field across the globe so that everybody has a fair chance to compete, build the product necessary. i think american auto companies and autoworkers can compete with anybody across the globe. so we will do what we need to d

. ♪ when you automate sales tax with avalara, you don't have to worry about things like changing tax or filing returns. avalarahhh ahhh 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. okay, that's uncalled for. ed: welcome back to bloomberg technology. i think we need to go back to the markets there's a lot happening in the lot of red on the screen behind me. the story is multifaceted. meda's earnings and a 12% drop in meta-stock is having an impact on the index level but economic data is also hitting technology shares. we got the gdp reading for th

when you automate sales tax with avalara, you don't have to worry about things like changing tax ratesvalarahhh ahhh >> they say everyone has something unique about them, something that sets them apart. it is quite obvious for me what that thing is. i am literally filled with hot air. windy days are challenges. particularly troublesome. ed: that was a clip from airhead, the short film from the toronto-based multimedia company shy kids. it is one of the first short films made using openai's sora. let's talk to the director. walter whitman joins us now with more. we have covered sora and have talked about this in the context of the reaction to this. let's start with the process. what was it like creating this short film using openai's technology? walter: it is very interesting. it is very similar to many of the processes we already use. we are animators by trade. we still have to go through the regular steps of making a script and then we would edit and animate and add sound and sound effects and things like that. the thing that really changed is most of the images were generated using s

. ♪ when you automate sales tax with avalara, you don't have to worry about things like changing taxes, exemption certificates or filing returns. avalarahhh ahhh ahhh ahhh paul: beijing has pushed back against u.s. trade criticisms as secretary of state antony blinken continues his visit or the foreign ministry says china's practices are in line with international rules. blinken has been telling officials u.s. firms need a level playing field in china while also calling for sustained communication. >> we have an obligation for our people and the world to manage the relationship between our countries responsibly. that is the obligation that we have and one that we take seriously. i think the direction from president biden and president xi jinping was to continue to build those lines of communication, to sustain and deal with our differences as we seek to build cooperation. paul: for more on this, let's get to raider china senia executive editor jean-luc who joins us now. one gets the sense the u.s. and china are talking past each other to a degree at the moment. is the best that can b

. ♪ thanks to avalara, we can calculate sales tax automatically. rates change? ahhhhhh filing sales tax returns? ahhhhhh business license guidance? ahhhhhh -cross-border sales? -ahhhhhh -item classification? -ahhhhhh does it connect with acc...? ahhhhhh ahhhhhh ahhhhhh to me, harlem is home. but home is also your body. 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 one to studio three. 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 from chase for business. make more of what's yours. >> the following is a paid program. the opinions and views expressed do not reflect those of bloomberg l.p., its affiliates or its employees. >> this is a paid advertisement for csn.

. ♪ when you automate sales tax with avalara, you don't have to worry about things like changing taxates, exemption certificates or filing returns. avalarahhh ahhh ahhh ahhh 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. haslinda: classic haven play. gold futures up .4%. 2407 is a level we are looking at. take a look at what we are looking at in terms of yields. u.s. bond yields fallen across the curve. 10 year yield down 10 basis points. let's get you to india. six weeks of national elections underway with one billion voters starting to cast their votes. i were editor is outside a polling station -- our editor is outside a polling station. >> good morning. this is the world's largest democratic electoral exercise taking place in the fifth largest and fastest growing economy in the world. it has not just domestic implications but international implications as well. it is a morning where i shou

." ♪ thanks to avalara, we can calculate sales tax automatically.es change? ahhhhhh filing sales tax returns? ahhhhhh business license guidance? ahhhhhh -cross-border sales? -ahhhhhh -item classification? -ahhhhhh does it connect with acc...? ahhhhhh ahhhhhh ahhhhhh sonali: this is "bloomberg markets." time for the wall street beat. former morgan stanley banker who was punished in the block trading plural has -- pro has not joined one of the firms that was recipient of the confidential information he leaked. we have seen this story play out from the beginning when he was really put on dismissal from morgan stanley earlier in the probe. how did he end up at a firm that was a recipient of this information? >> perhaps some friendships are stronger than the sec. it is a bit of surprise in january finally resolve this year's long probe which rattled industry. everyone on wall street was closely monitoring this probe because this is not something people thought cross the line. it was a bit of a gray area. clearly the doj and sec did not agree. morgan stan

. ♪ thanks to avalara, we can calculate sales tax automatically.hhhh what if tax rates change? ahhhhhh filing sales tax returns? ahhhhhh business license guidance? ahhhhhh -cross-border sales? -ahhhhhh -item classification? -ahhhhhh does it connect with acc...? ahhhhhh ahhhhhh ahhhhhh paul: a bloomberg analysis of central bank accounts suggest japan has probably conducted its first currency intervention since 2022. for more let's bring in garfield reynolds who leads our markets live coverage. the evidence piling up that was intervention we saw on the 29th but the key question is, was it worth it? garfield: well, at the very least it pushed the yen back from 160. it got within .03 of matching the low back in 1990. if it goes past that it will be the lowest since about 1996. there are not a lot of ready barriers to hang onto. from that point of view it looks like something of a success, possibly a tactical success. and while you could argue if the fed somehow meets or exceeds the very hawkish expectations it is facing and also payrolls, the yen could

. ♪ thanks to avalara, we can calculate sales tax automatically.hhhh what if tax rates change? ahhhhhh filing sales tax returns? ahhhhhh business license guidance? ahhhhhh -cross-border sales? -ahhhhhh -item classification? -ahhhhhh does it connect with acc...? ahhhhhh ahhhhhh ahhhhhh 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. haslinda: welcome back. let's check indian markets just ahead of the open. it is opening in just under one minute. trepidation as we see weakness in the asian markets. the index pointing to a flat open. an fte currently flat as well. we are keeping and i on the indian rupee, which has been pretty resilient versus the usd given the inflows coming into t

. ♪ when you automate sales tax with avalara, you don't have to worry about things like changing taxates, exemption certificates or filing returns. avalarahhh ahhh ahhh ahhh haslinda: let's check in on how samsung is doing after the earnings beat expectations. a chip rebound led by a i demand. avril hong has the details. you have to wonder how long the ai story will persist. >> there is skepticism, but the latest tech company is able to turn this buzz word translated to help is bottom line did see its earnings surge. boost to profitability. this is the first time we have seen it since 2022. it's amid concern about that severe downturn. first signs of recovery in the chip business. note that we did see a myth relative to expectations. it's net worth's business, but that is still a pretty outstanding business. it actually sees that chip demand continuing for this quarter as well as into next year. outpacing the gains in sk hynix. this is something we haven't seen in the past year. as you know, sk hynix as well as nvidia, they have been benefiting from pure play in ai. sk hynix has an a

. ♪ thanks to avalara, we can calculate sales tax automatically.hat if tax rates change? ahhhhhh filing sales tax returns? ahhhhhh business license guidance? ahhhhhh -cross-border sales? -ahhhhhh -item classification? -ahhhhhh does it connect with acc...? ahhhhhh ahhhhhh ahhhhhh ron eats, sleeps and breathes hoops. and there's not a no look pass, double double, or buzzer beater he won't wax poetic on. ad nauseam. but oh how he can nail a software solution like the best high screen pick and roll you've ever seen. you need ron. ron needs a retirement plan. work with principal so we can help you help ron with a retirement and benefits plan that's right for him. let our expertise round out yours. caroline: we've got to get you up to speed with near record high markets across the benchmarks. abigail doolittle has it all. abigail: after a couple of days of a pullback, we have stocks trading higher. the s&p 500 is up 0.7% up for the second day in a row with small gain yesterday but today we have more heft to the buying power. some of it has to do a techno

. ♪ when you automate sales tax with avalara, you don't have to worry about things like changing taxe innovation, money and power combine, -- collide, this is " bloomberg technology" with caroline hyde and ed ludlow. caroline: i am at the world headquarters in new york. ed: i am in san francisco. caroline golding up andy jassy says that the generative ai boom will be taking place on amazon services. ed: technological heavyweights to send

. ♪ when you automate sales tax with avalara, you don't have to worry about things like changing taxalarahhh ahhh haslinda: the nifty next 50 index emerged as the hottest stock gauge in india. the market made up of potential candidates for the benchmark gauge is hovering near record highs with forward of estimates climbing 20% this year. let's get more from ishika. tell us more about this next 50 index. why it's all the rage right now. >> the nifty next 50 in india is all the rage right now. the index is up 18% this year versus the nifty 50, which is the indian stock benchmark. nifty 50's advance of about 4% this year. the main reason is the earnings excitement around the nifty next 50, which as you said, is made up of potential candidates to get into the benchmark index. it's got a earnings upgrades of upwards of 20% this year, by far beating any other index in india. these stocks in the nifty next 50 index are the main beneficiaries of narendra modi's push for making the indian economy bigger and better. they will benefit the most from economic growth of 7% in 2024. which of our th

." ♪ tax with avalara, you don't have to worry about things like changing tax rates or filing returnsarahhh ahhh 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. caroline: time for talking tech. elon musk's starlink claims is relative high-speed internet and italy is being

. ♪ thanks to avalara, we can calculate sales tax automatically.hhhhhh what if tax rates change? ahhhhhh filing sales tax returns? ahhhhhh business license guidance? ahhhhhh -cross-border sales? -ahhhhhh -item classification? -ahhhhhh does it connect with acc...? ahhhhhh ahhhhhh ahhhhhh when i was your age, we never had anything like this. what? wifi?hhhhhh wifi that works all over the house, even the basement. the basement. so i can finally throw that party... and invite shannon barnes. dream do come true. xfinity gives you reliable wifi with wall-to-wall coverage on all your devices, even when everyone is online. maybe we'll even get married one day. i wonder what i will be doing? probably still living here with mom and dad. fast reliable speeds right where you need them. that's wall-to-wall wifi with xfinity. campaign against ukraine. they have killed tens of thousands of ukrainians. bond hospitals -- bombed hospitals, kindergartens, grain silos. tried to plunge ukraine into a cold and dark winter by striking their power grid. ukraine -- the ukr

thanks to avalara, we can calculate sales tax automatically. what if tax rates change? ahhhhhh filing sales tax returns? ahhhhhh business license guidance? ahhhhhh -cross-border sales? -ahhhhhh -item classification? -ahhhhhh does it connect with acc...? ahhhhhh ahhhhhh ahhhhhh >> apple has another new next big thing under exploration -- home robots. the company has teams within its ai and hardware engineering organizations exploring the feasibility of earning robotics -driven devices to market. the company is testing a tabletop device that uses a robotic arm to move around and ipad display. for instance, if the user is on a facetime call, the screen can move to mimic the head movements, like a nod or turn of the head as the person on the other end of the call. the more interesting product is a home robot similar to the amazon astro that can follow a user around the home. some ideas for that include videoconferencing as well as a pie-in-the-sky ambition for the robot to be able to conduct household chores, such as cleaning dishes before they go

. ♪ thanks to avalara, we can calculate sales tax automatically. tax rates change? ahhhhhh filing sales tax returns? ahhhhhh business license guidance? ahhhhhh -cross-border sales? -ahhhhhh -item classification? -ahhhhhh does it connect with acc...? ahhhhhh ahhhhhh ahhhhhh not all caitlin clarks are the same. caitlin clark. city planner. ahhhhhh just like not all internet providers are the same. don't settle. you want fast. get fast. you want reliable. get reliable. you want powerful. get powerful. get real deal speed, reliability and power with xfinity. she shoots from here? that's kinda my thing. 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 five million people's lives, it's overwhelming. it's everything. >> this is "daybreak: asia." we are counting down to asia's major market opens. we are looking ahead to central-bank reaction as we get more data to percolate through. also the divergence between the fed and the boj

. ♪ thanks to avalara, we can calculate sales tax automatically.hhhhhh what if tax rates change? ahhhhhh filing sales tax returns? ahhhhhh business license guidance? ahhhhhh -cross-border sales? -ahhhhhh -item classification? -ahhhhhh does it connect with acc...? ahhhhhh ahhhhhh ahhhhhh 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. to me, harlem is home. 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. (upbeat music) there's more to business than the business you're in. if you use data, that's the privacy

when you automate sales tax with avalara, you don't have to worry about things like changing tax rates returns. avalarahhh ahhh abigail: this is "bloomberg markets." i'm abigail doolittle. looking up in zabul room. tom vilsack, secretary of agriculture, joins bloomberg tv 12:30 new york time. this is bloomberg. ♪ katie: it's time for our daily "wall street week" conversation. alternative investment are having their time in the spotlight as investors search for yield and liquidity. how should investors be balancing the risk? christian olson is head of the alternative markets group at goldman sachs, along with david westin. we are looking forward to this. david: they are in the spotlight can it is not as if we don't know the goods. there is a lot of talk about alternatives and money flowing in alternatives. why now should we talk about putting more money into alternatives, and who should talk about it? >> couple different questions there. i spent the last 25-plus years at the intersection of wealth management and alternative investments, and it has never been more interesting. if you ste

. ♪ when you automate sales tax with avalara, you don't have to worry about things like changing taxexemption certificates or filing returns. avalarahhh ahhh ahhh ahhh annabelle: taking a look at how currencies are faring in the session so far. watching the japanese yen, the korean won. both of those currencies firmer against the greenback. we've been hearing from the finance chiefs of the u.s., japan, and korea. acknowledging the weakness and pressures that those local currencies are facing. aussie dollar, kiwi dollar. little changed at this point in time. the broader story has been resilience that we've seen in the greenback in that phase of stronger u.s. growth as well. let's get more on the outlook for the dollar. we are really tracking what it means, these expectations around the fed and where we go from here. but when you've got the fed saying, be patient, we can't cut too soon, it just tells you that we can really expect dollar strength to continue for some point -- time to come as we continue to track what's happening with yields. haidi: the diversions is hard to close with t