this is bloomberg. ♪ tom: welcome back to bloomberg daybreak: europe.pdates coming through from bnp paribas out. this stock up over the last 12 months. an update coming through from bnp paribas. they see about 20 billion euros in shareholder returns from 2024 to 2026 or of 20 billion euros in shareholders. they also see 2024 net income surpassing last year's distributable net. net income for 2024 looking to surpass last year's net income. they also reiterated some return on tangible equity targets today as well. topline seems to be in terms of the update coming through, 20 billion euros from 2020 42 2026. this stock over the last 12 months up. let's switch focus to the geopolitics of the middle east. the biden administration has warned israel against smashing into rafah, underlying its planned assault on gaza's biggest city. jake sullivan said the u.s. would see no credible plan to protect civilians. >> the president is focused on the substance, the policy, his concern about civilians and about israel being able to sustain a campaign in a way that ultim

this is bloomberg. ♪ tom: welcome back to bloomberg daybreak: europe. happy tuesday.et's go into what's happening in the oil space. gains this morning after brent closed at its highest since late october. that since ukrainian drone strikes at the geopolitical tensions with the oil trading platform estimating around 600,000 barrels of russia's daily oil refinery capacity has been knocked out by attacks. for more on this let's bring you bloomberg seeing energy reporter stephen. talk to us about the impact on russia's refining space from these ukrainian drone attacks and how long it will take to get these refiners back on line -- back online. >> lee talk to the analyst, j.p. morgan thinks there will be 900,000 minerals a day -- barrels a day of an impact. no matter which way you look at this, this is in and day situation. when we have talked to people in been to analyst notes, it does look like it will be a weeks or months outage. that means that gasoline and other oil products being refined at these facilities, their output is going to be reduced. that will have a twofo

this is bloomberg. ♪ >> welcome back to bloomberg. boj is getting closer to deciding whether to hike rates next week. it is on the wire for the boj. they are waiting for wage data on friday to make the final decision. too close to call. if they hold they are considering a hold. edging closer. i hike is coming out of negative rates, checking on the yen at 14752. softer by 4/10 of a percent. we will keep across the story. governor of bank of japan saying he is seeing resilience and the economy is recovering. president zelenskyy says ukraine is racing to complete defensive fortifications as russian forces go on the offensive. the deadlock is shifting momentum. what has president zelenskyy been saying about ukraine's effort to bolster defenses? >> you mentioned 2000 kilometers. zelenskyy's government is working to complete that and it looks like they've had to accelerate the work. they want to build this out and they've also warned as the war enters its third year. tom: what has u.s. intelligence said about their views? bill: you have the

that's next, this is bloomberg. ♪ ♪ tom: welcome back to bloomberg.ts are set for fresh records and the nikkei top 40,000 bolstered by a record session on friday. we are joined by the head of investment strategy group and wealth management cio at goldman sachs. thank you for standing by. start with the upside. is there anything in the way of this? >> things on the upside and downside. earnings have surprised in the first quarter so that is supportive of the u.s. market. not emerging markets. earnings support will continue in as people become confident, that will support markets. there does not have to be an immediate catalyst and we could have a trading range because after a long rally you tend to have pullbacks. we don't think that will derail the trend. there are risks but the main driver would be lower inflation, lower interest rates and easier policy. specifically the u.s. where we expect for cots and that supports the market. tom: interesting, strength coming through and continuing for u.s. stocks. is there an assumption that the u.s. economy is

this is bloomberg. ♪ anna: good morning from one then, this is bloomberg markets today.ow. it's decision day fo

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this is bloomberg technology. we get the outlook for technology stocks with denise of fidelity as risk on bets take hold we are trading in the green. plus we will discuss the state of retail trading and beyond with vlad as the company expands into the credit card business. we will sit down with mike nova gratz of galaxy digital talk all things crypto ahead of the sam bankman-fried sentencing which is tomorrow. let's turn back to the breaking news we've been covering out of baltimore. joining us on the ground is kailey leinz. we have had operational updates on what's happening with the recovery and search and rescue effort. what's the latest? >> there is no more rescue effort underway in baltimore which ended around 7:30 p.m. when the coast guard to the six individuals construction workers are presumed to be dead at this point. this is a recovery operation that began around 6:00 a.m. eastern time. we are for five hours into this now. the governor of maryland speaking to reporters saying right now his top priority i

this is bloomberg.nvestigation has identified kits being traded and activated illegally here is the bloomberg space editor eric johnson. the big take in the investigation identifies a number of countries. many of them areas of conflict where this is happening. illegally obtained starlink ground receiver. bring us the details. >> starlink's growth has made it an invaluable resource for regular people, myself and others who just need high-speed internet but it's also in its widespread availability, it's fallen into the hands of the war-torn regions where there no operations agreement between the companies and the government there. also in places where under u.s. sanctions. and other niche -- other nations. >> spacex did not respond and of course they were invited. to discuss it. they did say back in february were they to obtain any knowledge that a starlink terminal used by an unauthorized party that they investigate the claim and take actions to deactivate the terminal. do we have a sense of how pervasiv

this is bloomberg. ♪ anna: this is bloomberg markets today.edwards alongside guy johnson and kriti gupta with cash trade lesson in our way, here's what you need to know.

ed: bloomberg's rachel metz.ing up, we will get back to crypto and talk bitcoin with jack mallers. and a quick check on shares of some of the chip names. check out amd and intel, amd now up but intel has stay lower. it has paired his declines. the financial times is reporting that china's finance ministry and its information technology ministry are issuing new guidelines whereby government entities have to source chips for servers and servers in their entirety from domestic suppliers , a move away from foreign providers. this is the latest in what has become a hostile domain. the u.s. is putting forward technology export curves to china. now china is responding with technology and put restrictions limiting what government agencies and state backed companies can use. intel has 25% of its revenues from china. the impact to stata center business, we will have to see. this is bloomberg technology. ♪ thanks to avalara, we can calculate sales tax automatically. avalarahhhhhh what if tax rates change? ahhhhhh filing sal

this is bloomberg togy. >> welcome to bloomberg markets.r the fed and for fed chair powell as it looks for more clues on the central banks timing for rate cuts. get a quick check of the markets. there is a whole lot of nothing. take a look at the s&p 500 should pretty much unchanged. same story if you could on the list. nasdaq 100 unchanged. philadelphia semiconductor index pretty much unchanged. maybe down a 10th of a percent. you take a look at the bond market, it is the same story. the two year treasury

that is next, this is bloomberg. ♪ ♪ tom: welcome back to bloomberg.n to the latest on senegal's election to succeed the president. it is too close to call. let's bring in ondiro from johannesburg. why has this been so significant? >> senegal is very important because they hold effort because largest outstanding euro bonds. they secured a package that depends on who takes power. this year senegal became in oil and gas producer. some reasons why the selection is important, whether volatility will continue. tom: commodity story it is fascinating given they have become an oil and gas producer. what were the key choices for electors? >> there were two leading contenders. one promises continuation of policies and then we have one who is a firebrand and is antigovernment. he wants to change things including introducing a new currency. the advantages of having a cfa is lower inflation in the currency is stable. because of monetary policy, senegal has to overcompensate. people voted and counting is underway. we wait to see if they will be able to clinch the ma

this is bloomberg. ♪ ♪ tom: welcome back to bloomberg.itting a high and a supply deficit instead of a surplus. for analysis was bring in carol natalie -- let's bring in carol natalie. there is a key assumption that opec-plus and cuts are extended. what is your view? carol: if we look at the forecast from the beginning of the year we conceded been changing numbers and becoming more bullish, gradually increasing forecasts. they said the market would remain comfortable and now they are talking about the market being in a deficit, not much happening in terms of being worried. the main assumption is opec-plus will maintain cuts, which have been extended. there is a big if. iraq is one of them, the uae could be one as well. what is your expectation as to whether the group can hold the line? carol: they are not doing a bad job you think about the damage that the departure of angola caused. the previous d -- discontent within the organization, they are getting away with small production without breaking quotas. a rack struggled -- iraq struggled

from bloomberg san francisco this is bloomberg technolog her uncle's unhappy.rlying issue. it's t-mobile. it started when we got him under a new plan. but then they unexpectedly unraveled their "price lock" guarantee. which has made him, a bit... unruly. you called yourself the "un-carrier". you sing about "price lock" on those commercials. "the price lock, the price lock..." so, if you could change the price, change the name! it's not a lock, i know a lock. so how can we undo the damage? we could all unsubscribe and switch to xfinity. their connection is unreal. and we could all un-experience this whole session. okay, that's uncalled for. >> i am sonali basak. >> i am tim stenovec. welcome to bloomberg script though. -- of crypto. >> the demand from etf's driving the inflows into crypto assets. tim: coin shares joins the etf party as it completes its acquisition, including its bitcoin file. we talked to the coin share ceo in a moment. sonali:

this is bloomberg. ♪ >> this is "bloomberg technology," with caroline hyde and ed ludlow.de at bloomberg's headquarters in new york. ed: and i'm ed ludlow in san francisco. this is "bloomberg technology." caroline: we have an exclusive interview with the ceo of micron after the company boosted its outlook on ai growth. ed: we push ahead to reddit's ipo and sit down with reddit

this is bloomberg. ed: welcome back to "bloomberg technology."ith us is vinod khosla, silicon valley veteran, and one of the first investors to write a check into openai. its stock continues to be in the headlines, but most recently that is due to a lawsuit filed by elon musk, accusing openai of reach of contact and failing in fiduciary duty to its founding numbers, because it no longer operates as a not for profit or pursues its original goal of building "beneficial artificial general intelligence for the benefit of humanity." you took to x in a threaded series of posts to basically say you think elon musk is wrong. what is your thesis on why elon musk is wrong? vinod: well, it is very clear. elon musk wanted openai to go aggressively but were next on his commitment to put up $1 billion. ed: you are referencing there what the general public learned as being emails that were redacted that openai chose to post to its website. in one of them, even though the names are redacted, elon musk forwards a number that suggests that scale of funding needs t

that is bloomberg's alix steel. coming up, this bridge collapsed in seconds but the economic impact of this tragedy could last for several weeks. we are going to be speaking with a senior economist from bnp paribas about that. this is bloomberg. ♪ personalized financial advice from ameriprise can do more than help you reach your goals. -you can make this work. -we can make this work. it can help you reach them with confidence. no wonder more than 9 out of 10 of our clients are likely to recommend us. ameriprise financial. advice worth talking about. billy's not just running a small goat grazing business he's also the chief marketing officer. and when he needs to round up some new customers constant contact makes it easy. helping him craft the perfect message like a marketing genius so his email stands out. constant contact delivers all the tools you need to help your business grow. if billy can do it so can you. get started today at constantcontact.com. helping the small stand tall. how am i going to find a doctor w

this is bloomberg. ♪ >> welcome back to bloomberg daybreak europe.tanding by for jay powell's congressional testimony. he's likely to united states as an opportunity to signal that they're in no hurry to cut interest rates. what are the major market risks from his testimony? let's bring in mike ranfield. mike, what is your assessment and the potential risk. there's an expectation that he's going to reiterate from his fmoc colleagues. if he doesn't -- if the language is slightly adjusted what are the potential risk thatting bs for these marks? what are you going to be watching for? >> the people that are watching the most are the bond traders and the fx traders because the u.s. dollars are going to be the ones in the cross hairs here. but we've had over the past few weeks gradually we're getting used to the idea. that means three by cuts this year. the market has finally understood that and they've aligned themselves. the problem is now, but the -- in the meantime, but they've been pretty strong. no longer thinking that they couldn't -- previously the

this is bloomberg. ♪ katie: this is bloomberg markets.willing to spend more as inflation subsides and the federal reserve impact on the economy takes effect. let's discuss the impact on the services sector. i'm thrilled to say we bring in caroline styn, founder of the independente restaurant coalition. you've made the case in the past you would like the fed to stop raising rates, start cutting rates. walk us through that view. >> we in the restaurant industry feel the impact of the fed choices because we are dealing with consumers. we are dealing with consumer confidence. people have to feel like they have the ability to go out and dine and spend money in restaurants. when debt payments are higher, when they are not seeing that relief, it ends up effecting us on our side of the water. we see reservations go down. there is already such a pushback because our prices have gone up so much. our ingredient prices have gone up. the more the psychology of the consumer is affected by interest rates, the more we see the decline in our sales. it is

this is bloomberg. ♪ ♪ francine: welcome back to bloomberg daybreak: europe.ration electric vehicles are adopting higher voltage charging. i'm joined by ryan fisher, bloomberg's electric vehicle charging team. there is a lot of buzz around this. what is the big deal? ryan: first generation technology, 200 kilometers in 20 minutes. these generations can do 200 kilometers in 10 minutes and bmw says we can do 300 in 10 minutes. those technologies are an enabler of charges. these models are coming to the mass market. seven out of 10 automakers say we will have these platforms, so that is important because it means there will be supply chains and the cost will come down so people can be enabled faster charger times. francine: that means three decided not to take part, so who are they? ryan: toyota, ford, honda. they have not formerly announced these priorities. if you buy an electric car, you may move to another provider so you could say they are behind. if you are a fast follower, maybe you are taking it manage of the supply chain. the platform could be designed t

welcome to "bloomberg markets." looking at markets so far this monday, there is a lot of green behind me. the s&p 500 is up .9%. taking a look at tech, it gets even better. the nasdaq 100 is up 1.3% at a lot of that is thanks to what we are seeing in alphabet, currently up 6% on the heels of a bloomberg news scoop that apple and alphabet are considering a deal to allow the gemini ai to power new iphone features, sources telling bloomberg that the tech giants are actively negotiating a plan to let apple license the models into the new ios capabilities as soon as this year. alex webb joins us with the details. why does apple need google for this? alex: the assumption is that at this stage apple is quite awake behind google in this space, technologically. google is one of the market leaders, up there with the load -- the likes of openai. apple is really fighting to catch up and have moved a lot of people from their car project into ai and it seems as though if the deal goes ahead it is tacit admission they don't see a

stay tuned, this is bloomberg. ♪ ♪ >> this is bloomberg markets today.n one hour away. china setting growth target of 5%. success will need efforts

that does it for bloomberg markets. this is bloomberg. ♪ j.p.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. 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 >> this is bloomberg technology with caroline hyde and ed ludlow. ♪ caroline: i'm caroline hyde. ed: i'm ed ludlow. this is bloomberg technology. caroline: apple get slapped with a 1.8 billion euro fine by the eu for abusing its position in the distribution of music streaming apps. ed:

♪ kailey: welcome to bloomberg markets.ed policymakers kept rates on hold and continue to pencil in three rate cuts this year. take a look at the markets right now and it's interesting, the s&p 500 currently up about 0.6% and the nasdaq 100 your big tech names are off nearly 1% even with the pain we are seeing an apple shares right now. you can see the philadelphia semiconductor index really leading the charge, up 3.8% with a lot of that coming from micron which we will get to an it is a central bank right now and we wanted to highlight that. you can see some interesting movement after a surprise rate cut from the swiss national bank , filtering through the fx market. go back to the u.s. bond market and you actually have yields rising right now. that's a reversal from yesterday in the aftermath of the fed decision initially yields fell but you can see we are starting to create this turmoil and you have the bloomberg dollar index currently higher by about 0.4%. that is the big macro look so let's take a look at some of the m

this is bloomberg technology. ♪ sonali: bloomberg real yield starts right now.

this is bloomberg. ♪ 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 katie: marathon digital is increasing its bitcoin footprint, announcing it will buy a data center in garden city, texas. all the while, bitcoin retreating from its latest record highs. risk appetite wobbles heading into the weekend. joining us is fred thiel, ceo of bitcoin miner marathon digital in sunny miami. you acquired that data center. that was a purchase price of about $87 million. it was interesting to see this happen because people have been telling me for over year that you will see more consolidation in the bitcoin mining space. walk us through why you bought this data mining center in particular. fred: so marathon started back in early 2017, 2018, using a strategy where we hosted our

this is bloomberg. ♪om: south african billionaire motsepe is in talks to join a bid for the broadcaster multichoice. bloomberg understands the french media company is looking to make a formal offer early next month. let's bring in ondiro. what is dictated against -- the significance of him joining this a bid? >> there is something called a black economic empowerment affirmative action that requires that at least 25% of companies must be owned by black people so patrice coming on the board helps them create this environment. it also helps them diversified their wealth portfolio is this it started to be one of the biggest deals in south africa. vivendi will be drafting an offer and evaluate the total company at $2.9 billion. it will be conceded by an independent board and we will know the outcome over the next two or three weeks of these considerations. tom: if the deal goes through, what are the implications for vivendi and its appetite for expansion on the continent? >> it opens them up to the rest of afr

that's it from bloomberg markets: asia. bloomberg daybreak and middle east is up next. bloomberg. ♪ 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 >> the following is a paid program. the opinions and views expressed do not reflect those of bloomberg lp, its affiliates, or its employees.

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plenty more, this is bloomberg. ♪ >> good morning from london. this is bloomberg markets today.way. here is what you need to know. if

bloomberg exclusive ahe

this is bloomberg. ♪ tom: welcome back to "bloomberg daybreak: europe."he european union has pledged a $7.4 billion aid package in egypt. it was announced by ursula von der leyen during the trip to cairo with leaders from italy, greece, and cyprus. it marked the latest push to buoy egypt which is seen as vital to regional stability. switching focus to israel and gaza, the israel military has made it steeper -- deepest incursion targeting a hospital citing hamas activity as prime minister benjamin netanyahu vowed to continue the work and pushback by comments against senate majority leader chuck schumer who last week called for elections in israel. >> it is totally inappropriate. it is inappropriate to go to a sister democracy and try to replace the elected leadership of their. that is something that is something the israeli republic does on its own. tom: let's bring in israel's euro chief. to what extent this division and it seems like increasing division between the u.s. and israel could shift or will shift policy. on one level it seems like the policy ha

this is bloomberg. ♪ abigail: this is bloomberg markets.looking at a live shot of the principal room. galaxy digital founder joins bloomberg tv at 11:30 a.m. new york time. this is bloomberg. katie: time for daily wall street week segment. we are looking at the state of higher education. specifically it spelman college. dr. helene gayle and wall street week host david westin joins us now. i know you're interested in the management of universities. >> we hear so much about student debt i wonder how this will all work out. thank you for being with us. give us this perspective from your students point of view, how do they afford college these days? the price has been going up and we seen the debt has been going up as well. >> thank you very much it is such an important question. spelman college is a private college and so different than public institutions. we do not have access to some of the resources you might have at a school that had a large state appropriation. there are probably two or three ways in which you can have an impact, getting

this is bloomberg. ♪ tom: welcome back to "bloomberg daybreak: europe."il has posted a second consecutive month again in february as traders await a decision from opec-plus overextending supply cuts, geopolitical uncertainty and differences in perception continue to stream progress of the green energy transition. policymakers are adapting to future expectations. joining me now is gender and president at svb energy international. i will start on the oil story. what is the outlook for oil as you look across the data once and we factor in the china impulse? what is your view in terms of demand? >> there is a huge discrepancy in the market based on our assumptions, and which company or organization you are going with. the demand expectation for this year it ranges from 1.1 million barrels to 2.2 million barrels a day, so it is a huge gap. we can go from a healthy market and growth to an unbalanced demand and supply. tom: i have to interrupt, we have breaking news to bring to our audience, the snb german, stored in -- chairman thomas jordan will be stepping do

that conversation is next on bloomberg. katie: this is bloomberg markets. i am katie greifeld. a major commuter bridge collapse in baltimore early this morning after being struck by a container ship. it will certainly disrupt the supply chain, and perhaps, the economy. joining us now is rbc economist claire fan. obviously this is an early, very fluid situation that is still developing. when you look at this key bridge, this access point to the port of baltimore being taken down, what could it mean in terms of the ripple effects for the supply chain? claire: absolutely. near term, to recap a little bit, throughout 21-2022 we have only heard good news about global supply chains starting from this year with attacks at the red sea. today the unfortunate news of the collapse of the bridge will obviously bring tremendous pressure to the supply chain. one thing to consider here is our, that is, as well, globally speaking. container ships have a lot of added capacity. that adds more flexibility in terms of rerouting options. of course, whether there are options in this specific case, t

this is "bloomberg technology." caroline: we have an exclusive interview with the ceo of micron after the company boosted its outlook on ai growth. ed: we push ahead to reddit's ipo and sit down with reddit coo jen wong. caroline: we go live to the department of justice as they announce an antitrust lawsuit against apple. let's check in on the shares. they have been under pressure on the news that after a five-year investigation the u.s. justice department and 16 attorneys general have sued apple, accusing the iphone maker of violating antitrust laws by blocking rivals from accessing features on its devices. allegedly apple has of -- has refused to support cross messaging apps, and non-apple smart watches. we are currently off by almost 2%. we have so much more to be debating. this is a rush of news across the day, and we have not only got record highs across benchmarks, have also got ipo's. ed: we are also thinking a lot about micron. shares at a record high, biggest jump since 2011. the outlook for the fiscal thir

more to come, this is bloomberg technology. ♪ hey david.ct with an advisor to create your personalized plan. let's find the right investments for your goals okay, great. j.p. morgan wealth management. before i started playing basketball, i was kind of quiet. i wasn't really that confident or outgoing. but now, with basketball, i feel like a leader. yo, cayden! sport for good means to me that i'll be able to give back to my family and my community. goals can be accomplished, dreams can be accomplished, but dreams are just dreams if you don't go out and try to achieve them. learn more about sport for good at laureususa.com. ed: welcome back to "bloomberg technology." caroline: we have to get a check on the markets. they are at record highs. this is a macro picture. ai leads us higher. the federal reserve able to cut rates later this year. it shows we can cut into this economy. europe seeming to signal a similar thing. nasdaq 100 turning to the red. it looks like we are managing to be dipping into the rest of the trading days. the nasdaq 100 p

>> this is bloomberg technology with caroline hyde and ed ludlow. caroline: i'm caroline hyde at bloomberg world headquarters in new york. ed: this is bloomberg technology. caroline: full coverage on tiktok throughout this program. the u.s. house passes a bill to force bytedance to sell tiktok or face a ban in the u.s.. ed: the european union face it -- passes extensive ai guard rails. the impact and what it means for the future of artificial intelligence. caroline: social capital fires to partners after a probe citing an undisclosed situation. what could be behind the decision. first a check in on these publicly traded markets, a more records to be had. we ease back a little bit. instead we just digest where the federal reserve might go and what the inflationary pressures are. a bit of profit-taking being had. managing to fight off some of the doom and gloom scenarios happening in the u.s.. we are up 2/10 of 1%. some key ai fervor across the atlantic. maybe this dictates trade in the united states. we see the bond market 30 year auction lackluster

. ♪ katie: welcome to bloomberg markets.ake a look at markets now and you have the big benchmarks fighting to stay green even as we worry about regional banks. the s&p 500 is higher by 0.2% and big tech is slightly better. the nasdaq 100 is up about 0.4%. kre is an etf that tracks regional banks and it's off by about 2.2% or so. the new york community bank shares are at the lowest since 1996. they are plunging once again for the commercial real estate lender said it found material weaknesses and how it tracks loan risks. hermann chan joins me now. could this test put this into context. we were waiting for another shoe to drop so how bad is this one? >> the disclosure yesterday evening about the material weakness raises questions on how the bank is monitoring their loan portfolio especially with heightened exposure to areas of concern like office commercial real estate and rent regulated apartment lending. it adds to the uncertainty and raises questions on future potential provisions for loan losses. do they need to add more

this is "bloomberg technology." caroline: apple shares slide as the iphone maker sees a big drop in china sales, with the in correction. we will break down everything you need to know. ed: we stay with china as amd faces a u.s. roadblock in selling its artificial intelligence chips in the chinese market. bloomberg exclusive ahead. caroline: bitcoin hits a fresh record since its peak in november 2021. we will have coverage of the market and those meme coins in the rush. let's first check in on these markets. bitcoin is up, but the rest of the market trying to digest some of the run-up we have seen. we focus in on mixed economic data today. the u.s. showing some services weakness and we look ahead to testimony from jay powell, his semiannual experience in terms of the politicians. what will the grilling mean? how much will he be reticent to say that they are looking at those rate cuts anytime soon? we are looking at 1.8% down. i want to focus on what is happening in china, the tradenames in the united states with a go

this is bloomberg. ♪ tom: welcome back to "bloomberg daybreak: europe."on hai, the producer of the apple iphone and ai hardware, and the redhead crossing the line, it is a be coming through from hot hi -- hon hai, $53.1 billion taiwan versus the estimates. in net income basis it is a solid b for hon hai. they also see in terms of the full year, they do see growth rising and terms of revenue growth for the full year of 2024. fourth-quarter operating profit coming in at 48, close to $49 billion taiwanese. analysts have been looking forward to the guidance around the full year for 2024. expectations of growth for the full year. this is a touch of not just the reduction of the iphone, because this is the biggest contractor for apple but also on the ai hardware around ai servers. there was an expectation that the slowdown and iphone demand would be offset by the pickup and ai infrastructure. we know apple sales in the chinese market fell 24% in the first six weeks, so it does seem like the narrative is playing out. this is a crucial story for multiple reasons

annabelle: the bmw ceo speaking with bloomberg's oliver krupp.ore to come on "daybreak: asia. " this is bloomberg. ♪ arahhh ahhh haidi: micron has posted its biggest gain in more than 12 years after a surprisingly strong sales forecast. the ceo exclusively told us that the semiconductor industry is looking at a multiple -- multi-opportunity enabled by ai. >> our company is driven by demand related to ai with tight supply and demand that is strong across most of our markets particularly data centered driven demand. micron has a strong portfolio of products. we are excited of our latest offering. we have just begun shipments of this. and we see strong growth in the seven quarters ahead of us. supply is tight. the leading edge products are in tight supply. every look ahead at 2020 four, our year of recovery, we see increasing prices driven by the demand supply fundamentals. look at 2025, we see it will be a record year for mike rounds revenue. significantly -- micron's revenue. >> you sold out on 2024. let's dig in on the high-bandwidth memory. and

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paul: bloomberg intelligence etf analyst rebecca.hina, apple ceo tim cook revealed plans to invest in supply chains. he made the promise in a meeting with the finance minister. they spoke at the china development forum, saying ai will be essential to help businesses reduce carbon footprints. >> we would not be able to recover the level of material that we do today for recovering without ai. it is already fundamental in our calculation and i think it provides an enormous tool in the toolkit for every company that is wishing to be carbon neutral or lower emissions by a substantial amount. paul: opec's annual profit declined 13% as oil prices fell and refiners posted a record year for imports. china's largest processor reported $8 billion in net income compared with $72 billion in 2022. prices were lower in 2023, reducing the value of drilling output. dvds rather -- did's revenue shows recovery ahead of a listing this year. they had been losing market share since 2021 and regulators launched an investigation and forced it to d list. ann

"bloomberg: markets asia." . welcome to "bloomberg: markets asia." in haslinda amin. tech leading gains in asian equities as the nikkei to tops 40,000 for the first time. investors now awaiting jay powell's report to congress for updates on the fed's rate outlook. adani group begins marketing of $400 million bond, its first dollar note since last year's attack by short stellar hindenburg research. we're live in beijing were china's most important political gatherings of the year are about to begin, with leaders set to unveil targets and strategies for reviving the economy. it is a big week for markets. it is about china. it is about the u.s. they will set the tone for the coming days. for china, it is about indications from the government in terms of policies, stimulus to lift china out of the economic quagmire. those deflationary pressures, gdp target front and center, will it be 5%? could it be below five, some say unlikely, but we wait and see in terms of where the target would be. it is also about the fed. we have fed chairman jerome powell set for testimony expec

this bloomberg. >> good morning. this is bloomberg daybreak: europe.et's get to the top stories that set your agenda. pal keeps the party going. they hit another all-time high on the u.s. session as the fed maintains its outlook for three years when konstas you. >> if the economy evolves broadly as expected, it will likely be appropriate to job after restraint at some point this year. >> now the spotlight on the bank of england also expected to announce the hold later on today while having a little more time for those inflationary pressures to cool. it is switzerland's national bank that could be despised. a handful of banks i shall rising rate cut. a lot to digest. this can quick check on the markets ahead of what is sure to be in action-packed next 24 hours. you are seeing green on the screen. the wrecker you saw in the states continuing in the european and asian sessions. higher by about 1.52%. traditionally when using a record high on the state, you see a pullback in futures. some outperformance in the u.s. futures. at least .4%. some outperformanc

that does it for "bloomberg markets." a check on the markets before we let you go. finally ending the green week -- week in the green. nasdaq 100 flying on the day. nasdaq 100 still the bigger gainer out of the s&p, about .6%. yields are nice and cool at 4.53 on the day. stick with us to the close. that does it for "bloomberg markets." this is bloomberg. ♪ when you automate sales tax with avalara, you don't have to worry about things like changing tax rates or filing returns. avalarahhh ahhh i don't want you to move. i'm gonna miss you so much. you realize we'll have internet waiting for us at the new place, right? oh, we know. we just like making a scene. transferring your services has never been easier. get connected on the day of your move with the xfinity app. can i sleep over at your new place? can katie sleep over tonight? sure, honey! this generation is so dramatic! move with the xfinity 10g network. you have to make it. and if you want a successful business, all it takes is an idea, and now becomes the future. a f

this was "real yield" on bloomberg.is bloomberg. ♪ 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 i think he's having a midlife crisis i'm not. ahhhhhh you got us t-mobile home internet lite. after a week of streaming they knocked us down... ...to dial up speeds. like from the 90s. great times. all i can do say is that my life is pre-- i like watching the puddles gather rain. -hey, your mom and i procreated to that song. oh, ew! i think you've said enough. why don't we just switch to xfinity like everyone else? then you would know what year it was. i know what year it is. sonali: welcome to "bloomberg markets." i'm sonali basak. let's look at how stocks are finishing the week. in the green, but a big move in bonds after comments from fed officials. let's check on the markets. the

this is bloomberg. ♪ sonali: welcome to bloomberg markets.e are looking at stocks falling with tech selling off and we are hitting session lows. benchmarks tumble in the last hours a let's check on the markets. the s&p 500 is on track to have the second week in a rollover. weeds -- it's now down 0.7% and the nasdaq is down more than 1.2% and semiconductors are down almost 0.3%. volatility is inching slightly higher but we are watching the second da

vonnie: i'll come to "bloomberg markets -- welcome to "bloomberg markets." the rally taking a breather on friday, heading towards it's best week of 2024. the federal reserve should be able to cut interest rates as soon as june. let's get a quick check on the markets and where we stand. the s&p 500 is up 3% on the week already. today we are taking a little bit of a breather. we are talking 1/10 of 1%. the nasdaq 100 is not even following suit. flat on the day, the two-year yield is down, continuing to reprice the whole curve. bitcoin is down another 3%, continuing to take away some of that wealth. let's get some midday movers on the equity side. shares taking a hit as it response to a growing challenge. one sportswear retailer expected to fall by low single digits in the first half of the fiscal year. shares of lululemon having their worst days since 2020. that number for them, it was not a good year. today that's after seeing a shift in the shopping behavior of their high-end u.s. consumer, driving a lower-than-expected sales outlook. tesla shares a late low