this is bloomberg technology. coming up, the latest updates from the israel hamas war and speak with israel's first-ever chief technology officer. microsoft and activision close the deal after nearly to the years of fighting for the six to $9 billion transaction to gain full approval. we have full coverage. plus more from our inaugural screen time event and hear from the ceos of netflix, youtube, and the head of the kardashian clan. first, a quick check in financial -- on financial markets. we are conscious of what is happening in the middle east, the focus of israel and hamas. nasdaq 100 down 1.3% on a weekly basis just on track for a weekly gain. its third successive weekly gain , longest run of weekly gains going back to early june. let's see if that is where the holds -- where that holds. u.s. 10 year yield 3.6 percent, as oil continues to climb. if you are in the tech sector, a lot of the conversation, oil and energy if we rise higher, what does that mean for inflation and what does that mean for the fed and

meor this edition of bloomberg technology.k you to those of you listening on the podcast. you can get it on all the bloomberg platforms and we are also posting the show to youtube. from san francisco and new york city, this is bloomberg technology. ♪ matt: welcome. alix: thank you for having me. matt: it is a pleasure. more than $10 billion -- $10 trillion global etf industry. speculation that the sec approved its etf already. alix: volatility remains for treasury yields. we will show you how traders

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this is bloomberg. ♪ kriti: welcome back to "bloomberg daybreak: europe." i am kriti gupta.secutors open the trial against sam friedman -- sam bankman-fried men. more from the courthouse in manhattan. >> over the six-week trial, dozens of high-profile testimonies, including his former girlfriend and someone whose firm had taken money from sam's firm. it is said that working a star is like building a flame -- elon musk tweeted that building a plane is -- building a company is like building a plane. i am sonali basak in new york for bloomberg. kriti: walmart seeing a pullback from people taking an appetite the pressman -- appetite suppressant. the banks are picking up on the changes. we should have to short fast fod credit for some of these companies. the also called out general mills -- international, very food focused companies. these are some of the names coup. you can really this move of appr from the has actually created a curve created a ripple effect. all that coming up on the program. germany stares down a recesion. we bring you the details, next. loving this pay bump

ted pick speaking with bloomberg.re is likely to be a focus on asset management for morgan stanley. let's bring you some of the top stories of the morning and china's former premiere leader has died less than a year after stepping down from overseeing the world's second largest economy. he was the ruling communist party's second most powerful man before retiring in march. he suffered a sudden heart attack in shanghai. he was 68. elsewhere in the reeling, china's foreign minister is reported to meet president biden today when he visits the white house. it is a move that could lay the ground work for a meeting between biden and xi next month in new york. tice between the two largest economies has improved since the u.s. shot down an alleged chinese spy balloon earlier in the year. let's get you a quick read on those oil prices. for the week, we saw a comedown in diplomatic efforts with the hope there would be a deescalation of risks in the middle east in israel's war with hamas. down about 3% on the week but the end of

this is bloomberg. ♪ paul: the u.s.streak looks to be running out of steam as morgan stanley and national australia bank caution bets on the greenback are becoming stretched. let's bring in a rates reporter michael. we have yields rising, knocking on the door of 5%, fed likely to be on hold tomorrow. how much longer can the dollar rally endure? >> it could pull back as early as tomorrow our time, after the fed, if they don't deliver a hawkish hold and they need that. they fish -- finish on the line that further hikes might be necessary to maintain individual and that stuff. that is diluted in some part. that will shift yields lower, and the dollar will feel the pinch immediately. for now, since september, the meeting in 2021, the 10 year bond yields added 50 basis points. a lot of that is attributed, the fed is talking about that and that is true but whatever it is, that is lifting the curve and it is dampening, doing the heavy lifting for the fed. it is dampening consumer power. it is tightening financial conditions. w

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this is bloomberg. ♪ anna: this is "bloomberg markets today." with us in london to take us through the market action this hour. the cash trade is just an hour away. kicking the ca

this is bloomberg technology. we'll bring you the latest on the israel-hamas conflict and explore the role of intelligence and cybersecurity amid the war. ed: plus we'll discuss the role social media

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this is bloomberg. ♪ matt: this is bloomberg markets.kr cohead of global equities says the greatest concerns for ceos right now is retaining talent. here's some of his conversation about dealmaking in 2023 including acquisition of simon & schuster with sonali basak. peter: in every control reaction in u.s. we rolled this model out which is about employee ownership, giving people a voice, teach financial literacy. that the package of what we are doing. at simon & schuster, keep in mind this was a very small part of a very big company, paramount, so we got this opportunity to create our own culture. this is going to be its own standalone business and a part of the culture is going to be around inclusion and around, not just financial inclusion, but again making people feel they understand what is going on with the company, how they contribute. how we develop the plan to create value we will do it with the entirety of the workforce. sonali: how much of this comes with understanding that the employees are one critical way to get returns? in

this is bloomberg. ♪ annabelle: this is "bloomberg daybreak: asia."tations around the fed once again, because we have the of assimilation print out overnight a little bit harder than what had been expected, followed a similar trend in ppi numbers in the u.s. earlier this week, so probably what this tells us that the chance for a fed rate hike later this year whether it is november, 40% odds of that happening. december also play, but essentially a 25 basis point hike by fed officials could be back on the cards, so you are saying that reflected in the bond space, because big moves in u.s. treasuries stabilizing as we get cash markets back online at the top of the seller, but you are seeing a big move fire for yields is the curve -- across the curve. higher treasury yields leads to movement the dollar, and you are seeing asian currency weakness, another story, the korean won a particular standing out in even more sensitive currencies, dropping .8 of 1%. moves coming to her and, because of pullback in the wall street session playing out and what we see he

this is "bloomberg technology."aroline: coming up, we'll have full earnings coverage ahead as spotify reports. they're going to deliver after the bell. ed: plus we'll hear from reddit co-founder to talk his investments in a.i. and crypto. are they living up to the hype? caroline: and with the bloomberg tech underway in london, we will hear from executives. but first, let's check in on these markets. because as guy was just telling us of the previous show, tuesdays are the new monday. we're higher. there is some new music shifting around, what is of course the torrid nature of the middle east and whether or not we will see conflict escalate. for now, people feeling it will be contained and it does mean that we get a lift in the big tech stocks. the u.s. trending yield coming down a little bit. but still showing that easing of tension and anxiety. new york crude sinking at $83 level. and let's move on to that key risk asset which has been doing rather well. crypto, bitcoin up. we're now 33,000 we eclipsed 35,000. real

coming up, bloomberg technology. this is bloomberg. ♪ nice footwork.y, watching live sports never used to be this easy. now you can stream all your games like it's nothing. yes! [ cheers ] yeah! woho! running up and down that field looks tough. it's a pitch. get way more into what you're into when you stream on the xfinity 10g network. >> from the heart of where innovation, money and power to live in silicon valley and blake -- and beyond, this is bloomberg technology with caroline hyde and ed ludlow. caroline: i am caroline hyde. ed ludlow is off. we will go live to the manhattan federal courthouse where the opening argument is set to begin for sam brickman feet -- sam brickman freed -- sam bankman-fried's trial. the new pixel is more like an iphone. let's check inn

this is bloomberg. ♪ matt miller --matt: this is bloomberg markets.tt miller with jon erlichman. cost to produce offshore wind energy is making the 2030 old look further than ever. bloomberg new energy finance is pared back their outlook by 29 percent as building costs for wind climbs to 48%. bloomberg's renewable energy lead joins us on set. i guess inflation has come back to bite even the biden administration's plans to grow wind energy. >> when joe biden came into office, he made it clear that climate would his big goal. he set out a really ambitious target of having three -- 30 gigabytes of offshore wind capacity but it is clear he will not get there. the latest forecast looks like it will be around 16 gigabytes, just about half. jon: big costs and big right down some players. will: the cost have gone up. still is more expensive. interest rates are higher. it costs more to finance these very expensive projects. we have seen companies take three expensive write-downs as it has become clear they will not reach their targets. mats: has the white hous

this is bloomberg technology. caroline: coming up, we'll bring you the latest on the israel-hamas conflict and explore the role of intelligence and cybersecurity amid the war. ed: plus we'll discuss the role social media plays in misinformation as elon musk's x faces backlash over changes to its content safety policies. caroline: and we'll return to the trial of freed as it enters its second week with a key witness taking the stand. first, let's check in on these markets because as we see the geopolitical tensions, we also factor in what that means for macroeconomic policy here in the united states. many are dialing back the anticipation of a fed hike coming in the next month. nasdaq currently up. we're looking at a 10-year yield after being shut yesterday, the bond market reopens with a significant move to yields to the down side. the vix also does back that volatility, that fear index, just off by one. let's have a look at what's really some of the assets that are focused on israeli tech. this is the e.t.f. we'v

this is bloomberg. ♪ ♪ ♪ j.p.wealth management knows it's easy to get lost in investment research. get help with j.p morgan personal advisors. hey, david! ready to get started? work with advisors who create a plan with you, and help you find the right investments. so great getting to know you, let's take a look at your new investment plan. ok, great! this should have you moving in the right direction. thanks jen. get ongoing advice; and manage your investments in the chase mobile app. matt: let's get to the latest on the house searched for a new speaker. we bring in kailey leinz gary gensler earlier. let's stick to the boat. jim jordan is once again not speaker of the house. kailey: the second round is not the charm. he lost more votes. he slipped two members for him but for more turned against 10. 22 members of the republican, conference to not vote for him. we are expecting members of the republican conference to get into a meeting now, and another airing of grievances a high enclosed doors that we have seen pla

this is bloomberg. ♪ ♪ kriti: welcome back to "bloomberg daybreak: europe."e getting more breaking headlines on the earnings front when it comes to nestlÉ. they are coming out with 9 million sales, amounting to about 68.8 billion swiss francs. that estimate was about 69.6 billion. you are seeing it kind of fall in line. you see that theme of marginal pressure. full year the organic revenue coming in 7% to 8%. they are slightly guiding of a bit lower. nine-month real internal growth down about 0.6%. seeing a little bit of pain in nestlÉ. i imagine it will not be met with a ton of excitement. the focus being on volume now and how much that is expected to increase into the holiday season. we will keep you apprised as we get earnings headlines from the conference call. let's go back to the u.s., because we are getting major tech earnings. tesla disappointed with a miss on profit and sales. third-quarter eps coming in at about $.66 below street estimates. elon musk dialing back expectations. years of rapid expansion colliding with rising interest rates. elon: i ap

welcome to "bloomberg daybreak: australia." annabelle: we are counting down to asia's major market open. shery: good evening. the top stories this hour -- wall street's fear gauge wres up, sending stocks to a four-month low. signs of official yen intervention after the currency is ranked 150 to the dollar. haidi: republican hardliners revolt, dumping maccarthy as house speaker and sending a fractious congress into further disarray. shery: plus new zealand's central bank expected to deliver a hawkish hold trying to capably -- keep a lid on inflation expectations. haidi: we do have breaking news off the top of the hour, the australian pmi numbers, the judo composite number, taking a little bit higher in the september final reading, at 51.5 from 50.2 in the prior indicator. we saw the september inal reading when it comes to the services comont, also taking higher, 51.8 from 50.5. a little bit more firm into expansionary territory. unlikely to really move the needle when it comes to with the rba's doing given we saw the central ban

this is bloomberg. ♪ dani: welcome back to "bloomberg: daybreak europe."resident biden and israel prime minister benjamin netanyahu have discussed efforts to your the release of hostages and boost data deliveries into gaza. biden asked israel to delay a ground invasion, but he sought no assurances on netanyahu. as biden well, i have indicated to him that if it's possible to get these folks out safely that is what he should do. that is their decision but i did not demand it. i pointed out to him if it is real, it should be done. dani: joining us for more is bloomberg's senior editor bill faries. we had that from biden but also impassioned lines from netanyahu about israel fighting for their existence and preparing for an invasion. that itself sent oil higher. where do we stand? does an invasion seem imminent at this point? bill: right, well what i think president biden is trying to say that the u.s. does not have any veto power over what israel does, but the u.s. is obviously still interested in trying to get hostages freed if possible and to also get forei

paul: bloomberg editor ian fisher.et's bring in dave sharma, former australian ambassador to israel. thank you so much for joining us. we have australian prime minister anthony albanese on his way to defeat at the moment for a meeting with president biden and he faced a few questions before he left to stop off in israel on the way. this is something issued have done, in your view, and what are the pros and cons of doing it? dave: he should certainly look at it. we have seen in the past week, the u.k. prime minister, german chancellor, you commission president, governors of california and new york all visited israel and we have more leaders visiting this week. i think it is important, firstly, a show of solidarity and show support to israel and its right to defend itself. the second signal to the region of western deterrence to other actors that might seek to exploit the situation and try another front, whether it is hezbollah in lebanon, whether it is the houthis in yemen, i think it is an important signal of western r

"bloomberg real yield starts right now -- "bloomberg real yield" starts right now.ming up, how will signals the fed to stay on hold but a beast -- but at least a future rate hike on the table. credit concerns grow with a fast-growing wall of maturities. that is around the corner but first we'll begin with the big issue. volatility around powell. >> powell said in his remarks the fed takes the world as it is. >> the committee is really feeling its way to what is the right level of real interest rates. >> it is a pretty optimistic speech of how the economy is performed. >> we are not going to take a hike off the table. >> we are going back to 2%. the fed is capable of giving -- getting us there. >> i think the fed is on hold until they see whether the economy slows as much as they anticipate. >> powell said he expects growth below trend. >> if you see inflation stagnate at current levels, the committee will conclude to raise rates of bet. >> the market has done well for the fed but are we restrictive enough? >> even if we are on hold on november 1 at the meeting, high

this is bloomberg technology. ♪ caroline: welcome back to bloomberg technology.n the big apple we are covering the technology industry. we are joined by one of the key founders in the area who continues to operate their fintech business in the city. before we get into what you are building, why belted here? >> i had a huge opportunity to pick up and moved to new york a number of years ago to pursue my passions and here we are as i set up to found my company there's no better way to attract talent i had meant every time i see the skyline i think wow. caroline: talk about the opportunity when it comes to who wants your programs. you have been at several other startups. what if you see that needed to be fixed. >> let me tell you what orum does, we are the best for verified payments and keypad verification. when i was inside of big financial services i saw this big problem with time to money. half americans don't have enough money and if they do it's in a high-yield savings account. they can't get access to it. caroline: i thought that is what crypto was for? >> with

this is "bloomberg technology."l earnings coverage ahead as spotify reports. they're going to deliver a

this is bloomberg. ♪ matt: this is bloomberg markets.res of charles schwab moving higher by the most since july after the company reported bank deposits for the third quarter that he analysts estimates. sally joins us. they are doing well in terms of attracting deposits. how much are they having to pay? sally: let's explain why schwab is unique. it operates one of the biggest u.s. banks grafted onto the biggest publicly traded u.s. brokerage. both are sensitive to rising interest rates. it got swept up in the turmoil earlier this year, saw a lot of depositors yank their money and got scrutiny for this ballooning pile of losses on its balance sheets. the numbers will be highly scrutinized because of this backdrop. deposits fell but less than expected. as an management -- asset management fees were strong. we had assurances from executives saying that this trend of moving money from the bank to higher-yielding products had started to slow. matt: what about the hold and maturity portfolio, the thing that sunk svb? how does that look at char

this is bloomberg. ♪ j.p.alth management knows it's easy to get lost in investment research. get help with j.p morgan personal advisors. hey, david! ready to get started? work with advisors who create a plan with you, and help you find the right investments. so great getting to know you, let's take a look at your new investment plan. ok, great! this should have you moving in the right direction. thanks jen. get ongoing advice; and manage your investments in the chase mobile app. nice footwork. and manage your investments man, you're lucky, watching live sports never used to be this easy. now you can stream all your games like it's nothing. yes! [ cheers ] yeah! woho! running up and down that field looks tough. it's a pitch. get way more into what you're into when you stream on the xfinity 10g network. you're probably not easily persuaded to switch mobile providers for your business. 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

ed: also across the bloomberg universe, ruin is the first documentary by bloomberg originals that divesloomberg journalists and the central players in the rise of digital assets. here is a sneak preview of the film. >> i don't think he had a conception at some points that it was wrong. he just had the mentality that he has to win. >> it is like trying to explain a business ethics 101 >> two a baby. sam has become a villain in everyone's minds. >> this committee will not stop until we have discovered the cold truth behind the collapse of ftx. >> this is the nature of capitalism. get over it. ed: joining us with more, bloomberg's max chafkin. the project to be involved in. tell us about it. max: it is continuing on. we learned hours ago that we will get testimony from sam bankman-fried at the trial. this has been a year of crazy news, a time in which sam bankman-fried went from being seen as one of the members of the establishment, one of the youngest billionaires ever, to potentially facing a life sentence. we could get a verdict as early as next week, if not the week after. really, a lo

bloomberg data suggests u.s.ks are set to write off more bad loans and they have the pandemic as higher for longer rate take their toll on consumers. we will get insight later as jp morgan, citigroup and wells fargo all kick off the earnings season. the chart you are looking at shows the banks, the full 500 and on the surface, rates should be a positive things because the banks can charge more on the higher rates and make extra profit that does not seem to be the case. there is the upper bound when you look at how high the rates will go in the momentum, selling the bond market is not always a positive thing for the more rate sensitive sectors like the financials. joining us more for the earnings picture is charlie wells onset waking up early for us. what are analysts expecting apple -- expecting? charlie: it is a ranger -- razor-sharp service. net interest has been a positive story for the banks and this is the shifting of that. we are seeing slowness in consumer demand for loans which could be taking a toll on t

this is bloomberg. ♪ guy: this is "bloomberg markets" and you are looking at the principal room.lackrock's head of strategy joining bloomberg television at 3:00 p.m. new york time. this is bloomberg. ♪ guy: the stocks having a dark day. taking a hit in the united states and by extension in europe this after solar edge reported its q3 sales results that came in significantly below the street estimates. you can see the reaction in the stocks on both sides of the atlantic, an ugly reading. joining us is an energy analyst for bloomberg intelligence. rob, what is the underlying story here? i remember during the european energy crisis every single ceo you spoke to wanted to put solar on the roof. the urgent crisis has gone away. is this the opposite and equal reaction to that story? >> the fundamental backdrop in solar looks good actually. we will probably seek global solar demand increased by more than 50% this year. the problem we are seeing in europe though is that inventories got really bloated and we see a d stocking phase occur within perhaps other companies exposed there and hig

welcome to "bloomberg markets". matt: and i'm matt miller. we are looking at gains in equity indexes again. we closed higher yesterday, closed higher friday, and the s&p 500 is gaining another 0.07%. we also see people buying bonds. that pushes treasury yields down, down 17 basis points. 4.6385 right now. the bloomberg dollar index coming off at 1,256.57. the dollar has gained a lot of strength. you see that coming through in the pepsi earnings release where they give you everything in constant currency because the dollar has been a headwind. nymex crude coming down another $.17. we had a big jump yesterday after the hamas invasions in israel. but not nearly to the levels we saw last week. at one point, wti traded over $95 a barrel and is now at $86.21. jon: in canada, we are watching energy stocks catch up because the stocks were closed yesterday. that has been a notable sector. generally, the fact you are seeing more optimistic tones on wall street. it is playing into the technology names. busy week for amazon with prime day kicking off. sh

jon: welcome to bloomberg markets. sonali: we will get a quick check on the market because we are looking at an s&p 500 that is a little bit under pressure today, down 0.4%. we are looking at the philadelphia semiconductor index unchanged. we are not seeing the same type of red in the tech heavy indices. the nasdaq 100 is up about 0.3% and the nasdaq composite is slightly up. then you look at the rate story. if you look at it, you have a six basis move on the two-year but it's along the curb. the 30 year and the 10 year yield up about 8-9 basis point. the market is still grappling with the inverted yield curve. jon: it's interesting on a day when you see weakness for broader equities to have tech outperforming after the nasdaq's recent weakness had left it moving towards a possible correction. why is tech doing well today? individual stories have been helping like nvidia shares moving higher. goldman sachs with a conviction call on nvidia helping out today. we have seen bitcoin with a strong showing. crypto shares have

from bloomberg news, i am mark gurman. kriti: bloomberg's mark gurman en apple's latest lineup.ill stick with the tech sphere. sam bankman-fried has told the court he was aware that alameda research did not take steps to properly hedge its risks, even as he proved billions of dollars of investments before both companies collapsed last year. big been freed had previously tried to distance themselves from the hedge fund. he also denies charges of fraud. x is worth less than half of what elon musk paid for a year ago. bloomberg has learned restrictive stock use rewarded to employees valued the company at 19 billion dollars. a year ago, musk had bought twitter for $44 billion. let's move to the consumer and food space. a major analyst downgrade to know about. krispy kreme has been downgraded to hold on concerns about potential from weight loss drugs like ozempic. they cited the uncertain impact of the treatments on the snack industry. the donut maker stock is up some 25% year to date. here is why that is important. we know that ozempic has talked about -- had a major impact on how c

much appreciated here on bloomberg technology.r this hour, we will discuss the israeli tech ecosystem further with the founder and ceo of a global venture investment platform. this is bloomberg technology. ♪ ed: we are still monitoring the situation in the middle east after israel formed a rare emergency government to see the country through the war with hamas. the u.s. is engaged in responding. what is the latest? >> the president spoke again today with the israeli prime minister. they have been talking about what kind of military aid is going from the u.s. to israel. we have her there has been one trench of ammunition sent from u.s. stocks israel and more on the way. there is a carrier group off the coast of the eastern mediterranean as well. that is what u.s. officials say as a deterrent measure against groups like hezbollah or iran from entering the conflict. ed: jordan fabian with the latest on the u.s. response to the war between israel and hamas. coming up, we will dive deeper into the impact of the war and the venture capi

welcome to bloomberg markets asia. david: your top stories this hour, stocks across the asia-pacific down and with u.s. futures including european futures following a batch of disappointing earnings. the yen, conceded 150 against the dollar raising the risk of intervention. morgan stanley's copresident, and the new president after the previous for your run. china set to launch a rocket that will send three more astronauts to its space station. haidi: that rocket is the only thing that is pointing upwards today. take a look at how much red we have across the region, across asset classes. there's not a lot of risk sentiment to be had at the moment. the stock flood in asia, a curve when it comes to the selloff in tech, that was saw in the nasdaq 100. even in futures trading, extending significant declines. we have seen tech names leading some of the losses across the world. we are seeing skittishness when it comes to currency trading and yen. it is past the key level of 150. we have concerns over where the rba goes, now t

this is bloomberg. ♪ >> we are seeing yields go up.he increase in yields is a reflection of the strength of the economy. interest rates will be higher for longer. >> that was janet yellen who said the surge in long-term bond yields is a reflection of a strong u.s. economy. let's get a check on those u.s. futures before the chinese trading session. we are looking good early in the after-hours session. this is thanks to amazon and intel. both of those earnings giving the nasdaq 100 futures a boost after a chronic week. the s&p down another 1.2%. it has been really difficult week. the nasdaq is down about -- up about 30%. i know you will continue to speak about those stocks. >> yes. take a look at those amazon after-hours numbers. we see cautious optimism here. a bit of a relief rally after we had such a bad day for tech the u.s. session. that turned into asia as well. we are seeing amazon still up by over -- almost 5%. and that tournament story there. let's talk through both of these companies earnings. he joins us now from beautiful mau

this is bloomberg. ♪ host: welcome back to "bloomberg daybreak: europe." of another european winter a new regulation due at the start of the year, business leaders are paying more attention to sustainability efforts. gwenaelle avice-huet from schneider electric joins me. an early riser. let's talk about the costs associated with sustainability. it feels like from an americans point of view that this was a transition born out of economic need. the war in ukraine creating a tailwind of a release from our traditional energy sources. and yet it is still an expensive prospect. talk to us about the costs. gwenaelle: you are right to. with the energy crisis, we need to be more independent to secure the supply and in case of the risk of a shortage. that is why the energy transition is bringing security. it has some cost but on the contrary it is bringing jobs. and it is bringing resiliency for the energy system. and many companies have taken the commitment and showcasing it is good for business. energy transition and sustainability are also good for business and t

this is bloomberg. ♪ guy: this is "bloomberg markets ."up this thursday, fed chair jay powell in conversation with weston. it is live on bloomberg television at 12:00 p.m. eastern. this is bloomberg. ♪ guy: so shall shares hitting a record high. this as rising energy prices and the company's new ceo putting a strategy in place that seems to be bringing investors back. laura follows the company for us and joins us. to what extent is this move to the record high to do with the new strategy or to what extent is it due to higher oil prices? this is a company that wanted to get back on u.s. star multiples. is this evidence the strategy is finally delivering? >> there is someone i spoke to who said you have to be careful about the ceo and you cannot put it down to one person. if you look back, oil prices and gas prices recovered from the pandemic lows that suppressed show's share price, but i think investors are taking to this new strategy, which is focusing more on gas, which is show's bread and butter even though it is turning to renewables. t

shery: bloomberg senior editor in shanghai. putin in chinese president xi jinping by have a no limits friendship but the alliance is not one of equals. since eu invasion of ukraine, moscow has become increasingly dependent on beijing. here's a special report on how ties between the two have changed. >> this massive ship highlights fallouts from the year -- warren ukraine because it's not a mazda dealership anymore. now sales vehicles made by the chinese carmaker. in fact, russia is now the biggest buyer of chinese cars. imports have jumped fivefold as foreign automakers exit the russian market and cars are just part of the picture. there's oil, gas, electronics, clothing and plenty more besides. >> china is russia's largest trading partner made up about 20% of total imports back last year. >> russia's invasion of ukraine started tilting the balance of power in china's favor. >> the results of the war is that china has become, by far, russia's most important partner diplomatically, economically. the trading relationship has expl

this is bloomberg. ♪ j.p.gan wealth management knows it's easy to get lost in investment research. get help with j.p morgan personal advisors. hey, david! ready to get started? work with advisors who create a plan with you, and help you find the right investments. so great getting to know you, let's take a look at your new investment plan. ok, great! this should have you moving in the right direction. thanks jen. get ongoing advice; and manage your investments in the chase mobile app. (adventurous music) ♪ ♪ ♪ be ready for any market with a liquid etf. get in and out with dia. is it possible to fall in love with your home... ...before you even step inside? ♪ discover the magnolia home james hardie collection. available now in siding colors, styles and textures. curated by joanna gaines. guy: a bit of a roller coaster for boeing shares. market is broadly lower but we saw an initial balance that has faded. probably driven by the fact that they maintained financial forecast despite the fact that they have effecti

haidi: bloomberg's su keenan.he president elect says he wants the island nation to be independent as india and china vied for influence. catch are exclusive interview later this hour. ♪ >> but first milford asset management seeing uncertainty ahead, this is bloomberg. ♪ all other purchases. and with greater spending potential, sam can keep making smart ideas- a brilliant reality! the ink business premier card from chase for business. make more of what's yours. ♪ haidi: let's take a look at after hours movers. mega tech stocks because investors are reacting to amazon's results and intel, rewarding intel for a second quarter in arroyo of 8% practically and this obviously is after hours trading, so we will see how they do in the friday session but it should come as a relief to those invested in mega tech because they've seen a negative week. ford withdrew its guidance and said the outlook was quite murky following gm doing the same thing. ford down 3.4 percent, blaming the strikes and saying they missed out on profit

bloomberg spoke with the foreign minister of iran.oke exclusively with manus cranny in new york ahead of israel's latest escalation of its ground invasion. take a listen to what he had to say. >> as long as the syrian government asks us for help, within the framework of our defense cooperation, we will act. >> are you scaling up troops to syria? are you sending more? right now? >> if fighting against terrorism, for that, the syrian government asks us to do that, we already have. >> have they asked for more troops? you already have? >> when they were fighting isis, syria asked us. >> since october 7. have you send more troops since october 7 to syria? >> no. i do not think so. >> are you sending more naval vessels to the gulf? >> are you putting me on trial? >> i am trying to understand. respectfully, minister, i am trying to understand the difference between i suppose escalation and de-escalation. i think the world wants to understand where you are. in terms of your assets. >> after the seventh of october, how many weapons have americ

this is bloomberg technology. caroline: from tesla to netflix, we wrap up tech earnings and push to the big names ahead. ed: plus we sit down with the head of kkr's tech growth fund does see where his firm sees opportunities after they raised $3 million. caroline: we will wrap up coverage from new york tech weekend here from two venture capitalists on what they are choosing to invest. at that is the private side of the market, let's go to the public because we have a clear flight to safety as we had to wear the weekend. geopolitics the main noise we are currently having to digest and see and witness. we are currently seeing the nasdaq up by more than one percentage point as we worry about conflict expanding in the middle east. 10 year yields see money move into the bond market, eight basis points to the downside on the tenure and crude pushing on the higher side, $90 in terms of oil so a key signal to some of these volatile times. let's have a look at what is happening in terms of volatility of the key tech asset

bloomberg's alex web. the bloomberg technology summit is happening today.ve great guest's lined up. and next we will talk about -- safe haven assets. and james steel will join us from hsbc. that conversation is next. this is bloomberg. ♪ alix: we are about an hour into the trading session with ux -- u.s. stocks getting a nice boost. a surprise to the upside for services and manufacturing. abigail is checking this for us. abigail: the longest losing streak for the s&p 500 going to december of last year we have a gain now must 1% up. and the nasdaq 100 as we have a week of earnings up 1.3%. and china tech soaring up 4.4%. a lot of strength on the emi numbers. it seems like good news is good news. have positive earnings for the industrial space with it flipping higher on the year. 3m putting up a solid quarter. they beat the top and bottom line with the litigation they resolve is helping out. we have general election 43 -- 46% probability they raise their outlook on demand in engines growth. and been atx corp. up 6% and a $10 billion buyback. this has the indu

joy mack joins bloomberg. ♪ >> from the heart of where innovation, money, power collide in silicon valley and beyond, this is bloomberg "technology." caroline: i am caroline hyde in new york and ed is off today. we are going to talk hiring in at the end out payroll report. will bring you the latest information from the trial of sam bankman-fried.

this is bloomberg. ♪ ♪ kriti: welcome back to "bloomberg daybreak: europe."gupta in ldon. a lot of the market pressure you see he stock and bond market is coming from a question of market plumbing from liquidity. there is one person who'sbeen all over the story, who saw it from miles away months ahead of time, i have to say, and that is are very on valerie tytel. we said here, come on set, do it with us together. let's talk about the oz of the curve are inverting today. we are still about -31 basis points away from that inversion version on the two stents. is that likely? valerie: if we look at the two 's, 30's curve, it's definitely in the range to invert today. that curve really steepening, it is catching many people's eye, on this bear steepening. a lot of eyebrows being raised as to what is causing it and what could possibly cause it to end. that two's, 30's curve, i think there is potential to syrian version of that in today's session. if you look at how treasuries are trading in the asian session, we see the bear steepening continue. that 30 yield comin

this is bloomberg. ♪ >> the number of things going on in the world with ai it feels to us like there is a sense of complacency in the market when you look at the equities and the multiples we are trading at not staying with long-term discount rates on future cash flow. understanding the fact we have issues in the middle east and things like that. we would not be surprised to see investor sentiment tempered at some point. alix: that was one of our guests earlier. bringing us to the question of the day, how scary does q4 look? we talked about the equity side let's talk about the debt and macro side. marathon asset management chairman and ceo joins us. two-pronged question, the first is general, how scary does it get? bruce: scary? happy halloween. it can be scary. gdp is looking just fine. probably 2% this quarter. we will get employment this friday. last month it was 36000 and we are expecting 200,000 jobs, and the fed we will hear her today they are on hold. all of that is not so scary. but when i hear

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this is bloomberg real yield and this is bloomberg. ♪ jon: i'm jon erlichman.bloomberg markets". matt: and i'm matt miller. the jobs blowout this morning drove equity markets down and yields higher, but we have had a turnaround. equity markets are gaining and we are at a session high on the s&p. 1.2% the gain. take a look at the 10-year yield, 4.78. earlier we shot up over 4.88. hitting fresh highs

this is bloomberg. -- where the strike stands. this is bloomberg. are moving inventory quickly and securely. that's because cdw designed and built a solution with cisco security. end to end protection, defends against attacks and makes better decisions in real time. so warehouse and customer data stay protected every step of the way. make amazing happen. cisco and cdw. jon: it's time for our stock of the hour segment. we are monitoring auto stocks. matt referenced before the break with fact we saw ford shares spike on a report from the associated press saying the uaw appears to be moving closer to a tentative contract agreement with ford. that deal could potentially include cost-of-living pay increases that could potentially, matt, lift the total pay raises above 30%. that report also says the union made a counter offer to ford. it proposes a 25% general wage increase over the life of the new four year contract. we will continue to monitor the headlines. everybody has been waiting to see traction on the conversations between the automakers and the u

much more to come on "bloomberg daybreak: australia."loomberg. ♪ >> we have seen this back up and yields and pain that is coming. >> most of the selloff is overdone. >> treasuries have been the safe asset and it feels like something is wrecking. >> yields of,. >> yields of justify basis points are initial representative time. >> if you see civilization and the growth trend, the upward trend in yields stops. every of market stabilizes. >> we will see treasury yields gulliver and will get back to thinking what is the long-term trade, and that is higher yields. >> we are very bullish on short, high quality yields right now. >> this is a good entry point for yield investors. shery: former guests reacting to the recent telephone bond markets. let's discuss more with annabelle. the key question right now is how high could yields go? annabelle: that is right, we have been hearing a few different calls coming out and terms of the point that we could reach, because you take a look at the exit over the past 30 days or so, and relieve the pain to b