baidu had strong earnings.ts later in the week with air movers like tencent to the downside, nasdaq, golden dragon, plan index, those u.s. listed china shares down 8.5% -- down half a percentage point. in march, bitcoin backed down to 27,000 u.s. dollars. in terms of the individual movers, baidu moving to the upside, strong earnings be top and bottom line. the story about rebound in china after the chinese new year easing of restrictions, travel starting back up and the ad business doing well and ai everything. all the time ai. there is no main catalyst, the alphabet -- alphabets, the parent of google, you see gains. bloomberg reporting making moves. caroline: perfect segue. first up, alphabet, making back the market cap ground as its artificial intelligence game is back on. it seemed to be lacking behind peers in the race to deploy generative ai products. googles parent company is adding more than $150 billion in market value since unveiling plans for its ai tools last week. meanwhile, if you have been scourin

model soon robin lee says it will power the ernie bot and upgrade search engine baidu revealed ernie bot two months ago products related by the a.i. model have been in beta testing mode since then. >>> the new york city freezes out capital one and key bank the banks failed to submit plans on the effortsd discri discriminations. no new deposits will be made or new accounts be opened capital one said it prohibits discrimination against anyone on the basis of protected characteristics. frank. >> bertha, thank you. >>> turning back to the markets. investors pouring cash in money market funds as they look for safety data from ici shows as of wednesday, net assets in money markets reached $5.4 trillion. that is up from $4.8 trillion at the start of the year. most of the assets tracked sit in funds that hold t-bills the march on money markets is happening with the uncertainty of the debtceiling which pushe yields above 6% and higher for the bills maturing around the time the u.s. is projected to run out of cash in june. let's talk about this and the broader markets now with quincy krosby gr

in china, it is reported wall street magazine in huawei baidu.and alibaba is already using neural networks to get the required performance in the same way with fewer chips. they combine different types of transistors to avoid dependence on any particular type of semiconductor shortage the chinese body in october last year, when the united states restricted their exports alibaba and baidu began to save on modern chips and began to use them only for the most complex tasks in january of this year the states asked the netherlands and japan to join the sanctions against china the us is waiting for an economic disaster, they say in the us treasury already in early june. they will no longer be able to pay their bills , this will happen if congress does not have time to agree on an increase in the ceiling on the public debt, according to the ministry of economics , there are simply no other options to avoid a default. for several months we have been applying emergency measures and our possibilities are coming to an end, the money is running out according

it grew 10%. >> baidu post a beat on its top and bottom line.he operator of china's biggest se search product brought in profit, up 10% year over year. the company relies heavily on advertising for the bulk of its revenue, but the future is in ai robert lee said it's transformative potential for ai and various industries and will help people to achieve more and have a positive impact on sew side it was unveiled back in march, and it plans to invest it in a lot of businesses. it's outperforming, tracking the gains listed in the u.s. overnight. >>> and in the insurance space t dutch life insurance pension and management service aegon has reported strong sales growth in the u.s. zurich reported a 6% jump, hitting just under $12 billion on the back of higher prices and muench rueck confirmed its guidance for the year. >>> in the banking space, commerzbank doubled its profit the german lendinger says it has seen a boost shares have taken a hit, down more than 6% the cfo told cnbc she's optimistic about the bank's loan book despite the economic pressu

baidu yesterday and jd last week.omberg showing analyst feel optimistic about the alibaba stock, 89% have eyes on the company, morgan's buys on the company -- have buys on the company. >> sentiment -- similar to analysts we are bullish on the quality of the company. what is weighing on the security like many chinese this is securities, like the adrs in the u.s. are the geopolitical tensions. that has been the main issue. a year ago. there was a whole host of issues. zero covid, distressed real estate players, china's internet regulation the u.s. is holding foreign companies accountable. for the five headwinds have receded, the geopolitical issuance is keeping investors on the sideline. that is why alibaba's trying to unlock shareholder value through this spinoff of the companies. shery: the question is if in longer-term be compelling enough? there is a lot of vagueness around the geopolitical tensions between the u.s. and china, certainly the signals and policy moves from beijing have not been that concerning -- encou

was still a body in october last year, when the united states restricted their exports, ali baba and baidugan to save on modern chips and began to use them only for the most complex tasks in january of this year, the states asked the netherlands and japan to join the sanctions against china the us is waiting for an economic disaster, they say in the us treasury already in early june. they will no longer be able to pay their bills - this will happen if congress does not have time to vote on raising the ceiling on the national debt, according to the ministry of the other options to avoid a default, there is simply no other way. we in penza extraordination for several months we have been applying emergency measures and our possibilities are coming to an end, the money is running out according to our forecasts. at the beginning of june, there may come a time when we cannot to pay the bills. i strongly urge congress to raise the national debt ceiling. otherwise, we are in danger of an economic disaster, since the sixties, washington has pushed back the state limit for a long time already 78 tim

you've got baidu 3% up after stellar earnings on tuesday.er with a revenue hike and swing to profit. revenues surging 10%. it is in contrast to what has been happening elsewhere, state owned enterprises dragging the markets. tencent is out with its earnings later on and is rated to post its biggest rise in quarterly revenue since 2021. this is down to the economy counting back and recovery taking place in spending and advertising. this is singapore airlines, it is stuck at one stage up as much as 3%. the highest since february 2020 and that after the carrier reported record annual profits. in fact, this was the week that ended in march. telling you what we have coming up because we will be back at the hong kong investment leaders conference with gordon yeo, discussing his outlook on emerging markets. and a look at the opportunities there and more. this is bloomberg. ♪ so many people are overweight now and asking themselves, "why can't i lose weight?" for most, the reason is insulin resistance, and they don't even know they have it. conventio

hedge fund manager michael burry is betting big on baidu and alibaba. the latest is jpmorgan chase reduces the gdp target with a loss in recovery momentum. that is the sentiment shared from nomura which is reducing the gdp target it is not just the big banks you heard on cnbc this week, elon musk is watching china and the tension with the u.s musk telling david faber that issues should be a concern for everyone and then warren buffett selling stake in tsmc despite a fabulous enterprise buffett is concerned about the tension in the region. all this as chinese giant alibaba prepares to report in just over an hour. wild moves on the stock. one indication of the split of the sentiment in the region. let's talk about this with brendan ahern. great to see you brendan >> great to see you, frank. >> what is your view on the china overall economy and chinese equities >> on the basis, chinese economy is coming out oof a trough. china is on the path of recovery it is an incremental recovery driven by domestic consumption different from past rebounds which have bee

alibaba is down 3% we were looking at a further loss pre-market just moments baidu looking down 3%.ilbili down 3%. tencent is down pre-market we had some mixed trade data from china overnight arjun, does that have something to do with what we are seeing here >> investors are looking to the tech companies reporting this month. you have tencent and alibaba coming in the next few weeks there is bearish sentiment we have seen china opening up. we saw a bump for the chinese tech companies early on. the excitement faded away as the reality set in that is still a difficult market for the tech companies look at the ecommerce front. not the revival in the chinese consumer spending. they are spending on travel. look at the apple numbers. the expectation was there as well you think about alibaba and are the chinese spending on ecommerce? the ad market is still tough that will impact the likes of baidu and tencent as well and the regulatory environment has eased, but still remains a concern. i think that initial excitement of the opening up of china faded away we have seen that in the way that

baidu, known for its smart home devices is adding a new product to its ai operated devices and entering already crowded arena. we are talking tech coming up. caroline: another key story -- shares of the company in asia trading have rocketed more than 7%. we will talk about why we are seeing optimism coming from the leader of that business. this is bloomberg. ♪ ed: time for talking tech -- first up, china limiting access by foreign entities to its data after a series of reports published by u.s. research firms spooked government officials according to the wall street journal. the move is expected to make it harder to analyze what is going on inside china as tensions between washington and beijing mount. chinese tech firm baidu is entering the mobile phone market, at a ring -- adding smartphones to its gadget. the device will be unveiled next weekend will utilize its artificial intelligence software. plus the tencent bank southeast asia company boosting pay for most of its workers this summer. workers who joined on or before march 31 will get a salary bump. the company has reached self-su

the development of artificial intelligence in china, according to the wall street journal of huawei baidu and alibaba is already using neural networks to get the performance they need in the same way with fewer chips. they combine different kinds of transistors to avoid being dependent on any particular type of semiconductor shortage powering bodies last october when the us restricted their exports, ali-baba and baido began to save on modern chips and began to use them only for the most difficult tasks in january of this year, the states asked the netherlands and japan to join sanctions against china the us is facing an economic disaster. they say in the us treasury already in early june. they will no longer be able to pay their bills , this will happen if congress does not have time to vote on raising the ceiling on the national debt, according to the estimate of the ministry , there are simply no other options to avoid a default. today available for several months. we use emergency measures and our opportunities are coming to an end , the money is running out according to our forecasts.

. >> yeah, mike, we already had a lot of chinese internet earnings out already, jd, as wells as baiduseeing in the rest of the group >> well, they did well in terms of their numbers, but no so well in terms of their price action we own baidu we had exposure to a lot of other chinese stocks we've paired them. and i have a real interest getting back into some of these things, but it's very difficult, obviously, to do that with the punishment we've seen, but i think this may be a buying opportunity, which obviously some of the other people are saying, as well. >> all right, mike, thank you. mike khouw for more options action, tune into the full show tomorrow. >>> coming up, the chart master has two names on his radar one blue chip flying too close to the son, and one cooler maker ready to thaw out. the names when "fast money" returns. - double check that. eh, pretty good! (whistles) yeek. not cryin', are ya? let's tighten that. (fabric ripping) ooh. - wait, wh- wh- what was that? - huh? what, that? no, don't worry about that. here we go. - asking the right question can greatly impact you

prefer to be a partisan russian star landing, or here it is, the face of the cultural echelon and refi baidusexuals dance to khreshchatyk in captivity and social advertising in the swamps as a new kind of trash content , all these long months of war hardened ukrainians, taught them resilience, showed it to the whole world how can one love and protect one's homeland, one's home, the situation was completely different during this time, the dwarf understood that the local native suffered world isolation and the poor and death for made-up ideas of treating people in the reef like cattle, even some deputies of the state duma do not deny the case in the history of the state when you passed the amendment by voice, but why accept the whole law after we listened to a television interview and in two hours watched sedov in this hall the text of this law is not even on my mind, it's all the deputies of the state house, not the court, they are responsible for this bill, and when our voters ask us about the content of each article i can't answer the draft law, it's unclear how unfortunately, don't be offe

i did not meet any resistance, no one stopped you, no one, you are grateful to president baidu for opening immigrants, of course. i really appreciate it, and there is not far off the day when biden will ask for a return favor. it is today that they are illegal immigrants, and the day after tomorrow the idea is already being put forward that these people are seen voting for the democrats. here's how similar the 2050 target is that hispanics in the us will make up 60% of the republican population they understand this, and therefore they submitted a new bill against illegal migration and the trump wall also requires the completion of voting for 219 against 213, the bill was passed without objection. oh give me your hand. maybe you can't hold on to shakhnazarov. are you going to shoot? i beg you. look into the cauldron, don't fall. there, a warehouse with dynamite will explode into it. so we will not collect bones. i'm the best shooter of all the imperial police. the sign of the four without water is ready to order, but the clinic is on it from game and a bottle of lafite and a bottle of rhine

in china was felt in october last year, when the united states restricted their exports alibaba and baidun chips and began to use them only for the most difficult tasks in january of this year , the states asked the netherlands and japan to join sanctions against china at the end of the release, let me remind you of the exchange rate for today, the dollar is 76 rubles . 82 kopecks euro 840 and that's all for me for now. we'll take care of this. it will be the honest detective. deputy prime minister dmitry chernyshenko visited mariupol where he watched the priazovsky state university building is now being restored this year the university plans to accept about 700 more students.

baidu did not respond to our request for comment.the indictment, law enforcement executed a search warrant at wang's mountain view, california home if june of 2018. >> among the materials discovered from the devices in wang's home was the source code for apple's entire autonomous systems project as it existed around the time wang left apple. >> open the door fbi, open up, if you don't open up the door we will. >> reporter: this bay area family remembers that day wang's home was raided. >> we ran to the people, and coy see ai could see all the way up these stairs, fbi agents in full gear. >> reporter: he managed to board a one-way flight to china that night. the doj did not comment on his location but confirmed he's not in custody >> you'll never be able to stop this kind of thing from happening 100% even a photo can get around key logging logging software if i took a picture of source code that is not typing anything into my keyboard >> reporter: wang's indictment is one of five announced by the doj. >> we stand vigilant in enforcing

president baidu should consider using the fourteenth amendment if needed all republican negotiations.the party about the ceiling is long, it's a sad charade and it's a clear sign that something is wrong in washington, we are playing with the livelihoods of millions just so that the republican party can just tighten the screws against starving americans. for the first time in 11 months, he issued ruble bonds with a volume of placement of 30 billion rubles. maturity 3 years coupon rate 9% per annum arrangers of the issue gazprombank and rosselkhozbank the initial volume was planned at the level of 20 billion. however, there was a high interest from investors demand for the issuer's paper at the peak exceeded 80 billion, therefore, in the course of collecting applications, the volume of the loan was increased. this is the first issue under the company's exchange-traded bonds program in the amount of 75 billion rubles. armenia has stopped the export of cognac to russia, the ministers said. we are talking about the economy of the republic, including the popular brand ararat. the fact is th

baidu is india's largest startup.st adds to a series of bad news that has plagued the company. down in valuations, questions about governance and transparency and this recent rate over the weekend. click to stay with us. bus to talk about. the bank is lagging slightly. let's get back to the market action. she oversees more than $1 billion as head of mutual funds. thank you so much for joining us. what are you making of the dynamics, the twist and turns of equities in india right now? >> sure. there is the earnings season going on. almost 55% of the company is there for the access plan. earnings were subdued. that seems to be turning around a lot of the costs. one thing your domestic macros, the valuations -- on the other hand -- >> sorry to interrupt you. just to get a quick couple of specific questions in, how concerned are you about the weakness we have seen in consumer demand as reported by many of the consumer goods company so far. does net extends out of the next six months. it seems a little diluted. >> absolute

so a perpetual check issued by congress to president baidu. increased by another $5 billion.cratching my head over this question. who knows who to trust, how can the people who spend our money ostensibly to keep us safe are really out to enrich the friends they will soon be working for after they leave the pentagon . it's the famous principle of revolving doors, the secretary of defense himself was a four-star general and made a fortune on the board of directors of the rate, and he, and then became secretary of defense. i wonder what he'll do when biden is no longer president or when he gets bored with his $220,000 annual salary or decides he wants $200,000 for every board meeting. and that's about the same as what he'll get if he goes back to the raytun there's nothing wrong with people who make money, but it's reprehensible when they do favors for their friends in the government to get that job after they leave the government . water is what we face in ukraine you can rest assured that it is and is true. when the director of the cia talks to president zelensky, he says, her

problem is again with us in the white house council in the adviser on national issues uh security baidun sullivan, who previously slowed down the high marches, then we saw that the white house, even in matters of the tank coalition, also adopted this political decision with a certain delay, and now we see all the arguments of the destroyers , in particular, we worked out such a paper with let's say to everyone why, with arguments why f16 is needed, and in particular. even now, when everyone is preparing for the conference on the reconstruction of ukraine based on democratic stability, which will be held in london, everyone is talking about reconstruction , let's talk seriously without the victory of ukraine, but it is premature to talk about serious infrastructure projects, about large investments and the victory without fighters without eperetta or super and in the future er superoids well advantages in the sky it will be difficult that is why our task now is to convince why the provision of fighters er this solution should already be it was decided a long time ago without delaying it

baidu looking to reinsure -- reassure employees and partners after a recent rate.cation company -- valued at $20 billion is in talks with investors to raise funds to address a liquidity crunch. jack ma is assuming a new position today and advising -- conducting is on research and giving seminars about entrepreneurship and innovation. jack dorsey offering sharp criticism of twitter's elon musk. when asked if muska was the best possible steward for the company, he replied no, nor did he active -- acted right after he realizes timing was bad. nor did i think the board should force the sale. the impact of generative ai on the instrument -- restaurant industry. speaking with krishna guida. meta is the first megacap tech company to tap the u.s. investment grade bond market. looking to raise $7 billion in a five-part deal according to a source. this is bloomberg. ♪ ed: welcome back to bloomberg technology. i'm ed ludlow. we are flat on the nasdaq 100, drought and water. we have earnings this week, apple the highlight on thursday. the fed meets on thursday. you look at the

the boss of chinese search engine giant baidu — robin li — says it will "very soon" launch its own generatives waiting for government approval before launching the system — and was confident it won't make mistakes on "important and sensitive topics" — after tests by reuters found it refused to answer a wide range of questions on politics. ford says it has done a deal with with tesla to allow its electric vehicle owners to access more than 12,000 tesla superchargers in north america in early 202a. the tie—up between the rivals makes ford the first major car maker to embrace tesla's proprietary charging standard — giving it access to the biggest network of high—speed chargers in the us. coming up — are supermarkets using inflation as cover to hike prices? the boss of sainsbury�*s will be answering accusations of "greedflation". around the world and across the uk, this is bbc news. the brownlee name has long been associated with athletic excellence — brothers johnny and alistair dominated the sport for years, memorably crossing the line in first and second place at the rio olympics in 2016. and

i did not meet any resistance, no one stopped you, no one, you are grateful to president baidu for openingal immigrants, of course. i really appreciate it, and there is not far off the day when biden will ask for a return favor. it is today they are illegal immigrants, and the day after tomorrow already voters put forward the idea that these people sees voting because of the democrats. here is what is similar to the goal according to forecasts by 2050, hispanics in the united states will make up 60% of the population, the republicans understand this, which is why they presented a new bill against illegal migration and the trump wall is also required to be completed. voting results for 219 against 213 the bill passed without objection. however, ahead of the bill of the senate with the majority of democrats, and then the biden with the right of veta is another clinch, as around $31 1/2 trillion debt ceiling hike the white house wants to raise further republicans demand that the administration start saving 21 years in a row. we spend more than we earn the democrats added six trillion dollars,

based on interviews from research papers, firms like baidu and alibaba are looking at state-of-the-art ai performance for chip developing. their research could allow tech firms to other restrictions. global news 24 hours a day on air and on bloomberg quicktake, powered by more than 2700 journalists and analysts in more than 120 countries. i'm vonnie quinn, this is bloomberg. haidi: more to come on daybreak australia. this is bloomberg. ♪ haidi: let's take a look at the week ahead. after the fed hint at a rate hike, markets willie focused on cpi. that manager of inflation has remained stubbornly sticky. also watching inflation numbers from china. price pressures in india as well later this week. on thursday, -- after a surprisingly strong wage and inflation data. investors have priced in a 5% base rate by september. china watchers are expecting prices to contract 3.4%. that would be a seventh straight month of decline. japan pmi numbers and china trade balance as well. australian consumer confidence haidi: as well as south korean unemployment. another big week of earnings. watching nint

. >>> and binance temporarily resumed bitcoin transactions >>> baidu will reveal the first smartphonea.i. in all products >>> the ceo of five groups are pushing back on the regulations from brussels over the use of personal data. siemens and s.a.p. and others say the data act would force them to give up trade secrets and give an advantage to china we spoke with a company ceo, brainlab, earlier. >> it would achieve a better access to data which is a good idea by having regulation than it would make it difficult to achieve that the idea is right, but overregulation achieves the opposite >> a story to waectch here on "worldwide exchange. >>> we have data on wholesale trade and paypal tomorrow, leaders meet with president biden on the debt cei ceiling. we get earnings from fox and airbnb we have april cpi and the apple developer conference we get earnings from toyota and disney on thursday, jobless claims and ppi figures with the uk interest rate decision and fed balance sheet. on friday, data on consumer sentiment and first quarter balance sheets let's bring in victoria greene of g squar

the long-term issue for nvidia is companies like google and microsoft and baidu and alibaba are designingheir chips to create their own a.i. chips to rival nvidia, but surpass them if a company has a breakthrough, that could be negative for nvidia they will no longer need nvidia chips. nvidia needs to stay on top of their game it is facing competition from the other players who have the capabilities and money to invest in a very difficult area of the tech market. >> nvidia will be on $1 trillion watch. that is for sure arjun, thank you for joining us here looking at the semiconductor market as well as the chips. >>> travel and leisure stocks with the best performance of any sector this year as travel restrictions ease globally with technology stocks close behind on the other end is basic resources and oil and gas which are the two sectors in the red for the year in europe energy stocks lagged in the united states down 8% for the year that is while the communications sectors which attracted significant investor interest. pippa stevens looks into if it is time to jump into the sector. >> re

baidu is looking to beef up china.set aside roughly $140 million for startups to specialize in generative ai. they will use their earning bot to build their own laws language model. this will determine who gets the seed funding. day two of elon musk meeting with -- trip in china and he has already met with more government officials. he stopped by the ministry of commerce and also met with the head of the battery giant sea atl, sparking rumors of collaboration. he met with's foreign minister -- on tuesday, he met with the foreign minister. another ceo. we have heard from mercedes and gm and jp diamond -- jamie dimon . ed: in the statement by the chinese government, elon musk is quoted as saying he is against a decoupling from china and they will continue to invest. it is an interesting situation. if the percent of tesla's output was in china. the chinese government gave tesla the freedom to operate there as a u.s. company which is rare. caroline: interesting the potential remembering around the big battery maker. that i

baidu and jd.com also there in the mix.e are looking, of course, at those quarterly earnings from alibaba with the tech side of things certainly in focus coming hot on the heels of tencent with revenues that did actually beat, but net income was a miss. our chinese markets reporter is with us. tencent on the way down despite very strong revenue numbers. you got to ask, what are investors concerned about? what are they want? >> it is a little surprising to me as well because we were seeing u.s. shares actually rise overnight and everyone was really upbeat. i'm guessing hong kong people are more worried about if this new momentum can be sustained. for example, light, the high gaining growth we have seen in the past quarter, if that is sustainable. this is a big question to many, and also, we have seen online advertising revenue actually missed estimates. i think people are still worried about the week macro data in china and how that will affect tencent going forward. haslinda: now all eyes on alibaba, due to report after the

yes, it was he who said that he did not write the baidu cantra. and now we have these letters. it turned out that even blinke's wife wrote to the hunter, after which, as they say, watch your hands, biden's son's chinese partners transferred money to the accounts of the biden's father's diplomacy center, which glinkin headed, not only the president, but also the head of the american diplomacy a step away from accusations of corruption all week joe biden avoided journalists. and when on friday there was no way to fight them off, he made an unexpected statement. we still have a lot of work to do. i have a big press conference scheduled for this afternoon. i love you all, but please step out so we can get down to business . biden's last big press conference. and last year, so the news was sensational. the only problem is, there was no press conference on the president's schedule, and no one in the white house presidential pool is doing anything. knew about no press conference, it turned out that biden tritely confused, calling a big press conference, a short interview that he gave

stuart: tell me about baidu.hey report tomorrow, we'll get more information about what they do with their ernie chatbot, that's what they call it. advertising should be okay because the chinese consumer has come back bigtime. stuart: and there's the stock, up 5%. louvre. lauren: look at that. stuart: homeless veterans reported being kicked out of their hotel rooms to make room for illegals about who the hours north of new york city, and we're going to take you there. >>> a top intel official says the cia have no evidence that hunter biden's laptop was russian disinformation. that didn't stop more than 50 people there from signing a letter to publicly discredit the leaked e-mails. we'll have that for you. plus, miranda divine has the latest on the hunter biden saga next. ♪ ♪ why you want to give me the run-around again. ♪ and a surefire way to speed things up -- ♪ when all it does is slow me down ♪ mara, are you sure you don't want -to go bowling with us tonight? -yeah. no. there's my little marzipan! [ laughs ] o

stuart: net ease baidu micron jd , amazon on the list of nasdaq winners.t more markets to check for you. the 10 year treasury yield right at 3.5%. the price of gold just over 2,000 bucks an ounce, 2,022. bitcoin right there at $27,000 a coin and oil, $70.63 is where we're at. natural gas went up this morning 4% nice gain. i don't know why. the average price for a gallon of regular is 3.53 exactly where it was one week ago. california, you lucky people you're paying 4.79 and coming up , there's a new public school trend picking up steam. it includes four day weeks, no homework, and no more letter grading. that's all in the name of equity a former, this is a great one. a former aid to aoc is now heading the new york state communist party, but the aid's father is a cuban american who escaped communism. you know that expression? you can't make this up? well you really cannot make this up, now, can you? ♪ (psst psst) ahhhh... with flonase, allergies don't have to be scary. spray flonase sensimist daily for non-drowsy, long lasting relief in a scent-free, gentle

time thing are you suggesting that now china is uninvestable for the foreseeable future why not the baidus, i will not say bytedance, taiwan semi people on the show have invested before in taiwan semi. >> i don't like the lack of transparency >> obviously it's different, titant taiwan semi. there are other ai plays that you know, these smart investors are talking about that don't get enough focus >> probably. >> we focus on three or four, if not four plus one stocks >> china as an asset class has this existential problem that makes these stocks uninvestable but are tradeable. the other thing is we're citing these tech giants. they don't even have stagger boards they have a shares and b shares. lack of transparency, we're investing in shadow equity with some of these companies where i don't care how much stock you own, you have no say over anything that they do. >> you used to have the k-web. >> i think you can trade it. i think anything is tradeable within reason. i understand the point of, like, i don't want to directly own an sie, a chinese company, but the caymans are involved and i don

attitude, as stated by baidu? well look, really.of commerce is going to america some words are spoken in favor. uh relationship development. with china, even from the lips of biden, but somehow it turns out that always, when some kind of warming is planned. suddenly the white ball arrives or something else happens, the pilosia goes to taiwan and i think that even now, if some events with a flux sign take place, then something with a minus sign will take place later . i even guess what it is, for example, uh, visit, the heir to pilosia maccarth. well taiwan he said that you were not satisfied with the meeting with inwine in the library. they agreed to a house exceptionally pleasant in every way. uh , he wants to meet her, and in taiwan , beijing's reaction to this will be about the same or worse, even sharper than e on the visit of the pilot, if you remember, it was after the visit that the nail files were eliminated. all those mechanisms of bilateral dialogue that existed there were five or six on military , economic, environmental

baidu, e go to your own.peak, the historical homeland in ireland, of course, a huge number of scandals. this caused a detached, because it supported, in general, those same kryland nationalists, yes, who have long advocated independence from the british crown. here, at the same time, yes, he had some excesses there, connected with the same stipulation, he did not understand where to go. in general, such a traditional badenshchina, let's call it that, but here. i think that there were also some concerns with this, because at this ceremony it is obvious that he would not have a team of counselors. and, of course, his recent tour to ireland. it didn't improve the situation either. that is, i think that many in london took it with some resentment, that this is how to actively oppose britain in the irish question. and now they 've escalated again. yes, all these contradictions here, well, it’s not worth at least a few weeks before the coronation. oh, and charles ii, like joe biden. there is a feature. he loves to

we did have a bounce earlier -- gains for the likes of baidu.well but it has turned negative in hong kong. we will have more on all this after this stunningly short break. when covid hit, we had some challenges like a lot of businesses did. i heard about the payroll tax refund, it allowed us to keep the amount of people that we needed and the people that have been here taking care of us. see if your business may qualify. go to getrefunds.com. yvonne: almost 11:00 a.m. in hong kong, singapore and shanghai. welcome to bloomberg markets asia, in the yvonne man. rishaad: i am rishaad salamat. >> the agreement prevents the worst possible crisis, default, for the first time in our history, economic recession, retirement accounts devastated, millions of jobs lost. rishaad: risk assets across asia getting a lift on the tentative u.s. debt deal. the hang seng rising -- it's not rising anymore, it is down actually -- falling back after a long weekend. chinese industrial profits lighting ahead of key pmi data due this week. indian prime minister modi inaug

according to baidu and tencent, we will see further commercialization use cases for ai, and in china we are seeing regulatory approval around it. it is a measure that they are working hand in glove with chinese regulators to launch the bot to the mass public in china. david: what is the official stance? esme: they are supportive. the key thing will be around content moderation, but we can be rest assured for the major companies they have had so many years of experience working with regulators making sure the content is all under the right rules before it gets out of the public, so the key will be around commercialization and we can possibly refill the regulatory headwinds if there is. yvonne: regulatory headwinds domestically, but geopolitically we are still dealing with sanctions. can these ai developers and this model train that is trying to be grown here, can it actually thrive given the fact they do not have access to some of these high end chips? esme: we think the earlier narrative has been around chips and that is still a valid point, but what we are seeing is that the industr

chinese streaming platform is exploring a second listing in hong kong, the subsidiary of baidu says it to bring in more investors as it seeks to compete with rivals backed by alibaba. it's lewis -- u.s. listed shares are down 12% since 2023's start. speaking exclusively to bloomberg's ceo said the company is working to boost revenue significantly this year. >> from an operations standpoint we hope our revenue this year will have double digit growth rate. wall street forecasts 832 to 33 billion yuan, because wall street's analysts may be more accurate in analyzing details logically than our own predictions. >> we have another big conversation coming up on friday on bloomberg tv, we speak to the ceo about the outlook for macau's casino sector as the gaming hub it sees a boost from china's reopening. this is bloomberg. ♪ >> just an alert on bloomberg right now, we saw another week of inflows when it comes to foreign buying japanese stocks. we are talking about 867 ¥.5 billion coming from 800 and 8 billion already bought the previous week. this data is a little bit backwards looking but it

baidu and alibaba also do in the coming days. chinese equities have been under pressure with further signs of deterioration coming through for the local economy, and economists deciding to cut expectations for this year. broadly in the session, you can see we are setting up for failure. mixed trading, most o risk tilted to the downside. still waiting for more clarity on those u.s. debt ceiling talks and we will have details in a moment, but japan really standing out. we are seeing nikkei futures in chicago trading fairly flat. not the most liquid contract, but broadly, as we know, it is that optimism around japanese shares, yesterday closing at 33 year high, at a lot of economists saying this further room to run. some saying we could seed upside -- we could see upside a further 10%. we are treading on a price-to-book ratio of 1.2%. compare that to the s&p 500 at 1.4 percent. 1.8% for the euro stocks, and that tells you can still find pockets of opportunity, even if we are, as i said, at a 33-year high, so certainly a lot more att

. >> china we've got baidu and ten cent with double beats.bling down on back ba and jd, which china tech is almost 20% of his portfolio. >> look, the chinese historically have done this to us over and over again they make us realize we're the most vibrant market. you've got to put money where us i don't think people recognize the prc can put its finger on the scale and make any company look better. i say that because look at nike. nike has good chinese business and the stock is doing quite terribly here. if you own starbucks, you heard a company that says we're plus 3, minus 3 this quarter. that's not what i wanted to hear you have individual companies not doing well except the big chinese companies that are saying come hither i don't like the come hither trade. >> lucy and the football, a bit of that? >> yes. >> take a look at the market dow is down about 90 by the way, we're getting a ton of fed speak we have mester, bostic, logan. bostic again tonight the short ends up 4.05 the ten-year almost to 3.55. don't go away. >>> bunch of headlines

priorities, it makes sense to return, but for the sake of, for example, the supply of weapons, i won’t baidu at the moment. as a last resort, respectively, for these people. if you want to influence them, then you need to understand how priorities are. therefore, from this point of view, of course, a very important factor is clear that the g7 will be a very important event, respectively, of the second half - this is a week and the main trend , respectively, . it will be the g7. actually speaking, the station in relation to the russian federation in relation to china is the main main theme and, first of all, respectively, the questions are how europe will prepare for this, if the situation is economically difficult, why turn the whole thing over now, because the flow this is actually not the reason, it is the consequences of what is happening now in the economy against this background, these decisions will be much more difficult to make. and, by the way, speaking accordingly, we finally began, respectively, to dive already, as in the domestic political agenda of countries and and shows that t

might argue that the model has become commoditized, whether it's open.ai, google's model, alibaba and baidu is the data you put into the model think about microsoft. they bought github a few years ago so they have all this massive developer data i think a company like that will massively benefit. microsoft is definitely one. i think there are other companies like snowflake, obviously, was down yesterday after earnings guidance was a little slower than expected, but i'm sure a lot of that data is being put into models as well. >> mitchell, i want to push back on that. i could make the argument, and maybe you're thinking i'm just provoking, that the data actually -- the data piece, which for years we thought data was the most valuable thing, like oil, that data actually becomes less valuable in this context, that once one model can capture one piece of data and replicate that data over and over again, and doesn't even necessarily need to have all of the data to be able to almost extrapolate new data, that maybe the data actually isn't as powerful >> but you got to be able to -- the flip side

the republicans are talking about impeaching president baidu, let's listen to the senate of senator ted impeachment is for treason , bribery and others. particularly serious crimes, bribery are indicated separately. i mean, the evidence is not only against hunter, it's also against joe biden, indicating that he received money from these corruption schemes continue to accumulate the millions that hunter earned selling access to his father while he was vice president. they came from the burisma of a natural gas producer in ukraine, he also made money from communist china , 10% went to the big guy america gardn, biden's attorney general. doesn't even want to come close to the growing mountain of evidence that points to the corruption of the president, usa uh, the flow of accusations against the bytan is growing, he is silent, uh, there are publications tv stories that he just holed up in a bunker do not hold a press conference. indeed, he has not held any special press conferences for a long time and does not even come out to the press after the most important foreign policy visits. e, and