however, they are not at the beijing auto show. li qiang did go to the auto show. there is speculation that elon musk before he jets off might make a visit today at the beijing auto show. we cannot confirm that. we are getting a report, a statement from the china's association of automobile manufacturers in a statement coinciding with elon musk's arrival by the way. he arrived at 2:00 p.m. we got the statement at the same time. tesla has passed the data security test on how a vehicle collect sensitive information and whether a vehicle allows a driver to stop its firm collecting data for the model 3 and model y, but the overall pressure tesla is facing globally is acute and is in china. i asked the founder of automobility, and he essentially said tesla is losing ground in this market, and it just does not have the new models and is not present at the beijing auto show when chinese ev's have made such ground over the last four years or so. haidi: we hear of new technologies china is pushing for self-driving. is this a service that would be accepted by regulators there

eunice yoon at the beijing auto show thank you. >>> as we head to break, we are watching shares of tesla they are capping off the best day since january of 2022 with the more than 14% gain isterday. its up .25% right now. we'll be right back after this break. what is cirkul? cirkul is the fuel you need to take flight. cirkul is the energy that gets you to the next level. cirkul is what you hope for when life tosses lemons your way. cirkul, available at walmart and drinkcirkul.com. 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. when we started our busin

stephen engle, bloomberg news at the beijing auto show. are continuing to live coverage at the beijing auto show. the china show team speaks later to the pony aia ceo about his outlook for the ev sector. these are the stocks we will be watching when trade opens in korea, japan and australia shortly. asian techs in focus after microsoft and alphabet beat expectations on strong demand for artificial intelligence and australia markets reopening after yesterday's holiday. we will watch bhp following the move to purchase anglo american. market opens coming up in sydney, soul, and tokyo. this is bloomberg. ♪ no matter what you're up against, we have your back. we are united way. we are neighbors helping neighbors in communities around the when disaster strikes we get you back on your feet. we help children build brighter. we've been here for over 135 s but now our work is more . join us. join your neighbors. join united way. paul: this is daybreak asia. we are counting down to the major market opens. could be a pretty interesting session today as

let's take a look at the new products from the beijing auto show.inst this background, macron is either weaving intrigues or admitting defeat. orbán gives the reason: this world order has produced leaders who are not up to the task. sending weapons to ukraine, american politicians are sad. russia will achieve additional tactical gains in the coming weeks and is making no secret of its goals. we will help destroy the armed forces of our most important enemy, russia. will biden defeat his main domestic opponent? biden is the worst president in history, he has a very bad one. teams. nailil askerzadeh about a serious breakthrough. the world's first drug for the treatment of ankylosing spondylitis has been registered in russia. we went through a manual search and were spotted. yana shcherbataya about the features traffic on the crimean bridge when the country goes to the sea on maysk. grigory vdovin about what is happening in the patriarchal family of businessman german sterligov, where they publicly announced divorce and disinheritance. russia's strateg

let's turn to china now, where the country's biggest auto show has kicked off in beijing, with car makersheir latest electric vehicles. china is currently the world's biggest car market and the world's biggest car exporter, and has seen stiff competition over the past year especially amongst domestic players. i spoke to auto analyst bill russo who gave us his outlook for the chinese car market. there is a focus on electrification with the dominance of the chinese companies who now have almost 80% share of the electric segment. that's eaten significantly into the gasoline powered vehicles which are down significantly from a few years ago by more than ten million units. the other important trend is the emergence of these smart device companies that are now present on the landscape. shaomei. big attention given to their product are shown at the show which by far attracted the biggest crowds. and the emergence of a company as both a supplier and manufacturer through contract manufacturers through its own brand called ito. chinese have really embraced tvs. —— evs. at the same time the market a

an international auto show opened in beijing, where cars from the world's leading manufacturers are presented. what models are on trend this season? now in digital format. student ids and record books in russia will become electronic and will not appear in government services. the resolution has already been signed by the government. powerful explosions occurred in the ukrainian city of nikolaev. according to some reports, an ammunition depot was hit. the footage shows how clouds of thick smoke rise above it... in this video there is an attack on the senelnikovo railway station in the dnepropetrovsk region, a bright flash, a loud bang, a military train is hit. in our ministry of defense has repeatedly emphasized that we strike only at military and energy facilities of the armed forces of ukraine in response to enemy attempts to attack russian infrastructure. in the special operation zone , our drones turn the enemy’s heavy equipment into piles of charred metal. the newest lances have proven themselves impeccably. or clearly with a beam, that is, how would it be possible to enter or would it b

china kicks off its biggest showcase of cars as electric vehicles take centre stage at the beijing auto show. hello and welcome to asia business report. i'm mariko oi. we begin in the us, where two tech giants, microsoft and google parent alphabet, have reported strong first quarter results, with the artificial intelligence boom at the center of it all. erin delmore has the details. among the dozens of companies reporting first—quarter earnings on thursday, alphabet and microsoft took centre stage. both beat expectations on earnings and revenue, thanks in no small part to investments in artificial intelligence. one stand—out spot for alphabet was google cloud revenue, whichjumped 28% in 01. a lot of generative ai tools that rely on the cloud to reach customers. alphabet announced some good news for investors, its first—ever dividend of 20 cents per share, and first—ever dividend of 20 cents pershare, and an first—ever dividend of 20 cents per share, and an additional $70 billion buy—back. that initially sent shares into double digits after the bell. and for microsoft's part, its intelligent

auto show. haslinda: china displaying its strengths. our chief north asia correspondent at the beijing auto show for the first time since 2020. plenty more to come. keep it here with us. this is bloomberg. ♪ orry yois spent on golf? nah. sinking putts? the only thing sinking is my savings... there's the kid's braces and my parents to care for. i'm gonna caddy forever. with empower, i get all my financial questions answered, so i don't have to worry. empower. what's next. thanks to avalara, we can calculate sales tax automatically. avalarahhhhhh 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 si

we will be keeping an eye on that visit as the beijing auto show gets under way. bye—bye.ious afternoon for arsenal, but they finish the day top of the table, one point ahead of manchester city. carlos alcaraz�*s attempt to win a hat trick of madrid masters titles remains on track as he cruises into the fourth round. and ronnie 0'sullivan is closing in a place in the quarter finals at the world snooker championship, where he's aiming for a record eighth title. hello, welcome to the programme. arsenal held on in a tense match to beat local rivals tottenham hotspur 3—2 and — at the time — moved four points clear at the top of the english premier league table in their north london derby on sunday, but with second—placed manchester city able to close that gap later.

electric vehicles above a0%, the mood remains optimistic as a china correspondent found out at the beijing auto show china came along interest in future upon us now. it is achieved this with breakneck growth in the industry fuelled by government subsidies and the problem is the americans are saying that china's brand as an unfair advantage on price or being able to flood markets and other countries and rates the local brands cannot compete with and they are threatening to put tariffs on chinese cars to put tariffs on chinese cars to level the playing field. the counter argument to that is at the beginning, in need of having such subsidies and charging stations to give electric vehicles a significant enough portion of the market to survive into the future and the biggest changes happening in terms of the attitudes of ordinary people itjust had to speak to the would—be customers of this you auto show to see that. more choosing electric cars because they are good value for money and for the environment.— value for money and for the environment. , ., , _, environment. they have become totally normal _ e

it's to show off new electric vehicles at the beijing auto show.e launched a bevy of electric cars some going head to head with tesla and undercutting the american maker on price. a chinese leader told musk he hopes the u.s. will work more with china on win-win cooperation. >>> sticking with vehicles, strike averted. the united autoworkers union struck a last minute deal with daimler truck so its 7,000 workers are not going on strike. the four-year agreement covers workers at various block grants in north carolina where daimler makes thomas-built buses, freight liner, and western star trucks, as well as distribution centers in atlanta and memphis. >>> at the weekend box office, the tennis drama "challengers" came out on top with $15 million in ticket sales. it stars zendaya who has been part some of the most successful franchises of the last few years. second place went to the faith-based "unsung hero" with $7.8 million. third place to "godzilla" with $7.2 million in its fifth weekend. >>> that's your cbs "moneywatch" report for this monday morning

so when you see the cars, over 100 new models at the beijing auto show, the carmaker that is not comingthe party's tesla and it is in the shadows. paul: danny lee, thank you for joining us to unpack the earnings call. let's take a look at how apple suppliers are doing in early trade in korea and japan. sk hynix is at 4.4%. samsung having a good day as well on the heels of counterpoint saying apple sales fell 19%, making it the worst performance in the key market since 2020 and putting a local rival hot on its heels. mark garman joins us more. give us a sense of the context of how serious this is considering sales falls over lunar new year, one consumers like to spend? mark: they are going to come on their earnings call and say they have a tough compare given the lockdowns, creating pent up demand over the lunar holiday. anyway you slice it, this is not great when you consider apple declining 13% in the first quarter, right? and then saying the client in china has nothing to do with the iphone. last quarter had nothing to do with the iphone and this quarter is all about the iphone. so no

china kicks off its biggest showcase of cars as electric vehicles take centre stage at the beijing auto showrent alphabet, have reported strong first quarter results, with the artificial intelligence boom at the center of it all. erin delmore has the details. among the dozens of companies reporting first—quarter took centre stage.

avalarahhh ahhh paul: the auto china show in beijing is kicking off today.r returning for the first time since 2019, bringing an array of unveiling's. our chief north asia correspondent is there and joins us now from the event. what are the key themes going to be? stephen: well, there are many key themes. look, we have not really been here in earnest in five years and the ev landscape for sure has changed dramatically since 2019. so many more chinese brands that dominate this local market. so that is probably theme number one, how the chinese ev makers over the last five years have created, i would not say a monopoly, but they dominate in the first quarter the top 10 brands of models that were sold in china. nine of them were domestically made chinese brands. only tesla cracked the top 10. also, again, these chinese makers are improving their quality and lowering their costs. so what do the legacy carmakers from europe, japan, and the u.s., who used to dominate here, how do they compete in this domestic space when the locals are engaged in a price war as wel

china kicks off its biggest showcase of cars as electric vehicles take centre stage at the beijing auto showt, have reported strong first quarter results, with the artificial intelligence boom at the center of it all. erin delmore has the details. among the dozens of companies reporting first—quarter earnings on thursday, alphabet and microsoft took centre stage. both beat expectations on earnings and revenue,

it plans to show cause the autos at the beijing auto show next week.eup includes a plug-in alternative with high horsepower. >>> uk inflation falling 3.2% in march, narrowly missing estimates. it with us offset by prices at the pump. investors pushing out their bang of england expectations in response, with the first coming in cement or november. interestingly enough, we had a guest in europe who believes they're going to do a cut at their next meeting. >>> coming up here on "worldwide exchange," we have the one word every investor needs to note today, plus our next guest says the soft fed landing and the u.s. economy may no longer be on the table. >>> be part of the changemakers. secretary gina rahman toe and actress drew barrymore are going to define how they view leadership. find out more at cnbc.com/changemakers. we're back in just a moment. i would say that we're closer than the average mother daughter. hi mom! if i lost my mom... i can't think about that for too long. i was like, "whoa, mom, i have this gene!" kenzie's test and me being able to f

it was surprising in the sense that tesla doesn't even have a presence at the beijing auto show. it got underway last week, but certainly it was a timely visit in the sense that there were a lot of government officials in town for the show. the auto industry has been a bright spot for the chinese economy. the chinese relationship with tesla has been really positive. it's a success story, even with the challenges they've had lately with continuing their momentum in china. caroline: market share eroded to none other than byd, the local competitor. remind us of the deals that have had to be done with chinese players, ultimately, to be able to get the granting. craig: the key one flagged by ed is with baidu. it's been interesting because elon musk has been on the record for years now saying that tesla doesn't need maps. it's a crunch. if you forgive a car upon, from this stance, it's not necessary. in china, for you to offer these kinds of systems, you need to have a partnership with a mapping and navigation company and it just so happens that the companies able to offer those servic

>> you've got the beijing auto show going on right now.e companies make announcements regarding new models that's the reason shares of nio got a bit of a pop today, moving up more than 8%. specifically the company is going to introduce a lower priced more affordable electric suv. they're look to come in under the model y. conversion price about $35,000 this is going to be sold in china. let's make it clear. this is not going to be sold anywhere else but china at this point. as you take a look at shares of nio and x paying x announcing it's going to be rolling out a more affordably priced suv this is what we're seeing, brian, the continuation of what has happened for some time chinese auto makers continuing to cut prices. and because of that, you see further pressure on anybody in the ev space in that country >> is there any clear indication -- if you've said this in the past, i'm sure you have, i apologize -- of when we might start to see some of these or the byds or whatever on u.s. roads? >> no indication look, if they want to try to sel

soon as marc stewart is at the beijing auto show in front of one of those options, mark max, this is a very competitive market here in china. this is astounding. there are more than 200 ed beggars chances are not all of them are going to survive. and end-use also have eli, nice get to the next. >> we are at the exhibition space for shell me tech company here in china. >> this is really one of the hotspots. the company known for cell phones and for household appliances. but now it's made a car. this is, its entry the suu seven. yes, it is fast. it is aerodynamic, is battery has a very long life, but what really makes this car unique is the electronic inside you really can coordinate your entire lifestyle through that includes turning the lights in it off in your home. even the coffee maker. >> so this is a very competitive time for car makers like show me they need to stand out and for good reason because right now if we look at the shiny is ev market, there is an oversupply of chinese economy is very uncertain not to mention in some parts of the world or just a lack of interest in ev

secretary of state left beijing with nothing, and china, as if in mockery during blinken’s visit, demonstrated its economic power. how once in those days, an international auto showeijing, china, which had already overtaken everyone in the production and sale of cars in the world, presented developments that had never been dreamed of. from china, our correspondent, alexander baletsky. for the state department chief, this round of us-chinese negotiations did not become a diplomatic breakthrough. after all, blinken flew with the firm intention that beijing would put the squeeze on him, which is probably why he went to the basketball match first, to get ready for an attacking game, but on the political field in china, american techniques will not end with a three-pointer in negotiations with the head of the people's republic of china, i had to remember about politeness. biden has asked me to return here to continue the important agenda that you both laid out in san francisco to deepen cooperation. we strive to maintain stronger ties between us to avoid any misunderstanding, any misconception and any miscalculation, and we strive to manage our bilateral relations res

the world's attention is now focused on beijing, where the international auto show has started. is understandable. more than 100 new products are presented in the capital of china. there are middle class cars, luxury cars and, of course, hybrid cars and electric cars. our own correspondent in china, natalya lyublinskaya, has already seen everything. 17 auto premieres, of which 40 are concept cars, that is, the latest developments, what manufacturers are striving for, it used to be that the whole world went to geneva or detroit for the latest in the industry, now the world's largest auto show is taking place in china, not just a premium chinese brand, and strategically important, it is on mobile phones of this brand that he drives chairman si, this is their brand new concept car, look how the door design is thought out to completely open up the space inside the car for passengers, the models shown are not for sale, they are exclusively for the special purpose garage of the people's republic of china, so the chance to sit inside is unique. most people can't buy it. you need to be

and the international auto show that opened in beijing clearly shows that the country is a leader in. over 10 years, sales of chinese electric cars in the world have increased 126 times. last year they sold 9.5 million cars, they take the trim, but more stuffing, smart. a very large screen, everything is convenient, and you don’t have to be distracted to find the right button, this is important for safety, we generally attach great importance to it, the body of our car is made of especially high-strength steel, and comfort. western premier stands once or twice paid all the attention to chinese new products; it is clear that the majority are electric trains, but there are also gasoline models that are familiar to us, mostly hybrids. it looks like a brutal luxury suv, and so does the inside. maximum luxury and all-wheel drive, while fuel consumption is significantly lower than other cars in this class. even cherry is preparing premieres with an eye on russian roads. we have already been working on the russian market for more than 20 years, so we have there are good experiences. we unde

an international auto show has opened in beijing, where cars from the world's leading manufacturers are