on the bloomberg terminal there with ranting about the real world use case.latin america becoming mainstay and the industry bracing. lots of people say they are ready. look at technology rates of stocks linked to crypto. they are also seeing downward pressure and we have other pieces of news from that industry too. >> the grayscale investment ceo says the market for u.s. spot get one -- spot bitcoin etf is still relatively new. in an exclusive conversation the ceo spoke about the sec approval of bitcoin etf and the long road to regulatory approval. >> even though they have now been in market for three and a half months we still don't have listed options on spot bitcoin etf's. it is an important feature investors want and deserve. it can help investors manage their positions and manage risk. ultimately i believe the sec should approve these though they are once again not in a position to trot -- treat spot bitcoin etf's from bitcoin futures based etf's. ed: moving onto stable coins. amid a push in the house and senate to pass such legislation as soon as next m

you can follow all the latest on your bloomberg terminal. ng up, the stock popping after announcing earnings. we will speak to john doyle, next. this is bloomberg. ♪ do you want to close out? should i? normally i'd hold. but... taking the gains is smart here, right? feel more confident with stock ratings from j.p. morgan analysts in the chase app. when you've got a decision to make... the answer is j.p. morgan wealth management. her uncle's unhappy. i'm sensing an underlying issue. it's t-mobile. it started when we tried to get him under a new plan. but they they unexpectedly unraveled their “price lock” guarantee. which has made him, a bit... unruly. you called yourself the “un-carrier”. you sing about “price lock” on those commercials. “the price lock, the price lock...” so, if you could change the price, change the name! it's not a lock, i know a lock. so how can we undo the damage? we could all unsubscribe and switch to xfinity. their connection is unreal. and we could all un-experience this whole session. okay, that's uncalled for. (anno

i broke this story with kurt wagner, we just published it on the bloomberg terminal.osed on monday as part of the first arbitration hearings in the legal process where former twitter employees have basically brought a class action against elon musk. the former twitter employees say they were cheated out of severance pay when he bought the social media company in october of 2022. the law firm will be representing almost 2000 former twitter staff in individual arbitrations as well as more than a dozen class-action lawsuits overall in the courts. that story just out on bloomberg and will surely be online soon. we have so much more ahead on the program. this is bloomberg technology. ♪ from southern new hampshire university. ♪ ♪ - i'm nervous, i'm excited. ♪ ♪ - [man] okay, let's see it. let's see it. - oh my gosh. - jesus suarez, i did it and it's here. (group cheers) ♪ ♪ - [narrator] next term starts soon. visit snhu.edu. visit snhu.edu. how am i going to find a doctor when i'm hallucinating? what about zocdoc? so many options. yeah, and dr. xichun even takes your sketch

sonali: this story certain one of the most read on the bloomberg terminal.reporting and how has the company responded? >> the company is not responded. we reached pawan passi and he did not comment. as for the street, there is a lot of shock. even people that been closely following this probe and its outcome, they have been surprised by this move. the fact cass has been publicly id by one of the firms that received the leaks and to see the figure that was central to this probe, three month after the resolution of this probe come is certainly not something people were expecting. it is not everyday business. sonali: thank you ford your time -- thank you for your time. before we let you go, one quick piece on wall street. kkr, laying out a plan to scale its core businesses as it aims to reach at least $1 trillion of assets under management in five years. that is a mark rivals recently have met including blackstone. the firm intends to build on strategic holdings units to reach that milestone. it currently has more than 550 billion dollars in assets under manage

you can find that on live go on your bloomberg terminal. the banks. earnings calls have begun and we still see many stocks down on the day. i want to take a look before we get to our reporter with what's going on on those calls because that sour tone you heard about the outlook at jp morgan is sending most of the index lower. the only two banks on the day that are up our citigroup and state street. citigroup had a turnaround story and state street positive when it came to interest income expectations, but goldman sachs the second worst performer on the day. goldman reports monday. joining me is sally bakewell with more. how do you read through what is going on? you would not think goldman would be down this much given the wall street businesses that did well? sally: perhaps a general malaise about the banking industry. given the results. there was an expectation would jp morgan particularly, but net interest income, the biggest source of its revenue, was going to steal the show. there was a lot of debate around a -- around jp morgan that they would re

we will continue to get some of those drip feeding across the bloomberg terminal as they are released but for now let's bring in sk kim. the executive director and analyst. we do get pulmonary numbers from samsung in it -- in advance of these final numbers but at first take away, what is your reading of this? quick samsung just announced the number. i see the private semiconductor. 1.9 of their operating profit. that's including the foundry business. this is a surprise. this is a little bit disappointing because of damage in the global stage. it looks like there was some cost burden from the component pricing. >> yes. and those numbers continuing to cross the table. it does appear to be a mixed bag at this stage. that is a narrow beat. .500. 30,000,000,001 verses 518. i am just wondering what your take away is on samsung's efforts with high-bandwidth chips? >> i think that they are maintaining this. the thing is samsung already delivered next-generation product. they deliver that to nvidia. i think there is some qualification from customers. they can catch up. >> what is the risk of a

you can follow the latest company buzz on your bloomberg terminal.'s get a quick check of the markets at the start of a consequential week. take a look. not as high as it was, but we are looking at a gain of .3%. the nasdaq 100 released trying to stay positive, currently at about .2%. a bunch of your big tech companies take the stage in a few days' time. the philadelphia semiconductor index is also green but we bring about .3%. coming up, we will sink our teeth into the vegetarian food market. andy joins us next. this is bloomberg. ♪ 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 connec

you can follow the latest buzz on trengo in your bloomberg terminal. , we get a peek under the hood of the first lamborghini electrified hybrid suv. this is bloomberg. ♪ katie: we now welcome in our tv and radio audiences for this conversation about lamborghini, debuting its first electrified suv. joining us now i'm thrilled to say that we have stephan winkelmann, lamborghini ceo. this is your second plug-in at lamborghini. interesting, it comes at a time when we have seen consumer demand for evs cool off. when it comes to hybrids, does demand picture look the same or is there are strength there? stephan: i can speak for lamborghini, the plug-in hybrids are digested, people except what we tell them, and we know that it's not only the market, but a true product. we always say the products that are coming next have two things. they will be more performing and this is, even though they have a hybrid system, they will have less co2 emissions. things are going very well and in all that we have put -- now that we have presented, it is something that is astoni

bloomberg new voices is focused on amplifying the voices of women in finance. the number subscribers can see more of that event on the terminalnline. more ahead on "daybreak: australia." this is bloomberg. ♪ haidi: improving relations between beijing and canberra are brightening the outlook for us stocks that have faced. restrictions. for more, let's ring in jean mckay who has been looking at this. we heard from them ahead of the key meeting where we are expected to see those tariffs being dropped. have those moves been priced and already? jean: since speculation started mounting late last year, we have seen a jump in treasury shares and other data tariffs were scrapped, we saw a jump. we saw a jump in smaller companies like australian vintage. that was priced in any way. there are questions around how much of an uplift you're going to see in the earnings of these companies. prior to the levees, the china market with 30% of treasury's earnings. but since 2019 from a has just about halved. how quickly that will pick up will be interesting. in another stock, a bottle of maker, morgan stanley is predicting an earnings left for t

you can follow all of the latest company buzz on your bloomberg terminal.'s take a quick look at the market. an interesting turnaround after the manufacturing numbers from earlier. the s&p 500 currently up .9%, even more so if you look at big tech, the nasdaq 100 higher it bite than 1%. the 10 year down three basis points. u.s. business activity cools in april. the gm nonstick coating ceo is next. this is bloomberg. ♪ m hallucinating? what about zocdoc? so many options. yeah, and dr. xichun even takes your sketchy insurance. xi-chun, xi-chun, xi-chun! you've got more options than you know. book now. but starting it eight months pregnant, that's a different story. with the chase ink card, we got up and running in no time. earn unlimited 1.5% cash back on every purchase with the chase ink business unlimited card from chase for business. katie: did this morning shows the s&p global u.s. manufacturing pmi is up to a four-month low in the latest reading. >> yes, pmi dropped 49 points. 49.9 in april down to 51.9 we saw in march. it is interesting that u.s. produc

you can follow the latest company buzz on your bloomberg terminal. take a quick look at the market because it is moving. the s&p 500 we were talking about those gains earlier still in the green. you can see they've come down quite a bit. the s&p 500 up 2/10 of a percent. can't say the same for big tech. the nasdaq down about 2/10 of a percent. constructing zero energy buildings. we will talk to marshall cox about his company's mission of decarbonizing housing. that conversation coming up next, this is bloomberg. ♪ katie: buildings are sent to be responsible for 40% of the greenhouse gases. our next guest is helping to solve that problem. calvin aims to shrink carbon footprints. it was named the company to watch and joining me now is marshall cox. the ceo of calvin. tell me about cozy, radiator covers you put in residential apartments. >> is an insulated radiator cover. the fans turns on when the room is cold and turns off when it is hot. we are able to stop radiators from overheating by virtue of thermodynamics. in pushing colder air into warmer room

you can get it on the bloomberg terminal and it is also available on the bloomberg anywhere app.ou can customize your app so you only get stories on the industries and assets that you care about. this is bloomberg. ♪ wealth-changing question -- are you keeping as much of your investment gains as possible? high taxes can erode returns quickly, so you need a tax-optimized portfolio. at creative planning, our money managers and specialists work together to make sure your portfolio and wealth are managed in a tax-efficient manner. it's what you keep that really matters. why not give your wealth a second look? book your free meeting today at creativeplanning.com. creative planning -- a richer way to wealth. annabelle: the heart u.s. inflation data is refusing to cool as concerns grow that the fed will likely delay of rate cuts. in an exclusive interview with bloomberg,. dell's head of economic research says that central bank is still waiting for the fx policy to play out in markets. >> i don't think so. we have a strategy of higher-for-longer. or i for very long. one of those. we are

you can follow the news on your bloomberg terminal. a very heavy markets day.hick of earnings season. also the thick of economic data. you can see the s&p 500 currently off by more than 1%, one .2%. you look at the nasdaq 100, tech down by 1.2%. meta reported earnings yesterday after the bell. currently, the stock is down double digits, with investors clearly worried about maybe the efficiency from one of the year's highest flyers. can see concern rippling its way through the benchmarks. mark zuckerberg has asked for patients. at least today, he is not getting it. the economic data was pretty interesting. slower growth on gdp, but you look at the price index, the core pce price index coming in hotter than expected. 3.7% working its way through the bond market and adding to those fears that maybe the fed is not going to deliver that big bonanza of rate cuts that had been expected a couple of months ago. we will continue to talk about that. coming up, dow chemical is reporting a year-over-year drop. we will speak to the chairman and ceo, next. ♪ thanks to avalara

you can follow the latest company buzz ontrem go on your bloomberg terminal. to downside workspace. we had the jones lang ceo market advisor and joins us next. this is bloomberg. ♪ wealth-changing question -- are you keeping as much of your investment gains as possible? high taxes can erode returns quickly, so you need a tax-optimized portfolio. at creative planning, our money managers and specialists work together to make sure your portfolio and wealth are managed in a tax-efficient manner. it's what you keep that really matters. why not give your wealth a second look? book your free meeting today at creativeplanning.com. creative planning -- a richer way to wealth. katie: the marshall really market has been under pressure -- the real estate market has been under pressure because of higher rates. abigail: with commercial real estate, look at some of these. up top, boston properties. they have some of the class a properties. there has been a lot of talk about how classe is going to weather the storm, but some are still getting hit despite having wonderful prod

you can follow all the latest company buzz on trengo on your bloomberg terminal.lating oil prices emphasizing the need for alternative solutions. we will speak to david harvey of the orsted group about the outlook for renewable energy. that conversation coming up next. this is bloomberg. ♪ do you want to close out? should i? normally i'd hold. but... taking the gains is smart here, right? feel more confident with stock ratings from j.p. morgan analysts in the chase app. when you've got a decision to make... the answer is j.p. morgan wealth management. an ever-changing landscape comes with challenges. from our vantage point, we see opportunities. as a top-ten real estate manager, principal asset management harnesses the power of a 360° perspective, delivering local insights and global expertise across public and private equity and debt. our experienced teams are uniquely positioned to uncover compelling opportunities in today's market, giving our clients an exclusive advantage. principal asset management actively invested. ♪ katie: escalating tensions in the middle

you can follow all the plays company because on your bloomberg terminal. little over a week since the francis scott key bridge collapse in baltimore. we will look at the trading president and scenario. he joins us next. this is bloomberg. ok y'all we got 10 orders coming in... big orders! starting a business is never easy, but starting it 8 months pregnant... that's a different story. i couldn't slow down. we were starting a business from the ground up. people were showing up left and right. and so did our business needs. the chase ink card made it easy. when you go for something big like this, your kids see that. and they believe they can do the same. earn unlimited 1.5% cash back on every purchase with the chase ink business unlimited card. make more of what's yours. (aidyl) hi, i'm aidyl, and i lost 90 pounds on golo. unlimited card. i struggled with weight loss and weight gain my entire life. with all the yo-yo dieting i did in the past, i would lose 20, 30, 50 pounds just to gain them over and over again. in one year, i've lost five sizes, and i'm on m

a great piece on bloomberg opinion and the bloomberg terminal.hat was the former new york fed president bill dudley. let's talk about the spread where the fit thinks we are coming down to and where the market thinks longer-term neutral is. peter: the fed has a long history of being overly optimistic, whether it is transitory or inflation long-term averages. we are in the business of being optimistic. they believe their policies will work. i will bet against them. jonathan: you think there's a difference between what they believe in what they want to publicly express? if they start flirting with 4% it could run counter to what they are trying to achieve. peter: when they did the dot plot it seemed legit and then all of a sudden you have all of these cuts. they commuted -- they communicated let's not go crazy on the cuts. everything out of the fed is a messaging tool. i think you get what they want to believe mixed in with what they really believe. jonathan: i get the sense they have been wrong about so many things, as we all have been, because it

you can follow the latest company buzz on your bloomberg terminal.ing up next, president biden will visit baltimore today to survey recovery efforts after the francis scott key bridge collapse. we will talkabout the future of the bridge with the freight way ceo next. this is bloomberg. ♪ hey you, with the small business... ...whoa... you've got all kinds of bright ideas, that your customers need to know about. constant contact makes it easy. with everything from managing your social posts, and events, to email and sms marketing. constant contact delivers all the tools you need to help your business grow. get started today at constantcontact.com constant contact. helping the small stand tall. katie: welcome back to "bloomberg markets." breaking news just now, tremors felt moments ago throughout nyc. buildings shaking as well. we will follow this and bring you any updates, but there were tremors felt throughout the new york city region. we will follow this story. let's turn to president joe biden, and baltimore this afternoon as he surveys damage from

you can follow the latest company buzz trm go on your bloomberg terminal.slightly, about 0.2% but at it with the s&p 500, it's down about 1% for the week so far. that follows last week's decline as well of about 1%. april is not off to a great start for the big index but it was quite a start to the first quarter or so. big tech is up about 0.3%, holding on even as you have the s&p 500 wobble. we got ppi this morning which was a downside surprise. it was still pretty hot and you can see it working its way through the bond market. the u.s. 10 year yield is up about three basis points. we are talking about a yield of almost 4.6% or so. we will continue to keep an eye on that one. coming up, exclusive interview with the co-ceos of kkr as they aim for $1 trillion in assets under management. that's next, this is bloomberg. ♪ lisa: i am here in the kkr offices in hudson yards. i'm here with a co-chief executive officers. they had their investor meeting. you unveiled some incredibly ambitious targets, growing the firm from less than 600 billion dollars in assets to

you can follow the latest buzz on the bloomberg terminal.ing up, we will speak with the ceo of landis. conversation, up next. ♪ when i was your age, we never had anything like this. what? wifi? wifi that works all over the house, even the basement. the basement. so i can finally throw that party... and invite shannon barnes. dream do come true. xfinity gives you reliable wifi with wall-to-wall coverage on all your devices, even when everyone is online. maybe we'll even get married one day. i wonder what i will be doing? probably still living here with mom and dad. fast reliable speeds right where you need them. that's wall-to-wall wifi with xfinity. hi, i'm jason and i've lost 202 pounds on golo. so the first time i ever seen a golo advertisement, i said, "yeah, whatever. there's no way this works like this." and threw it to the side. a couple weeks later, i seen it again after getting not so pleasant news from my physician. i was 424 pounds, and my doctor was recommending weight loss surgery. to avoid the surgery, i had to make a change. so

it was interesting just taking a snapshot of g10, wcrs on the bloomberg terminal.ar but the japanese yen, just a touch of weakness. i wonder whether that with the first real sign this market was taking the aspect of intervention right seriously. >> i think you are right but i don't think it was just yesterday the market has been taking the bank of japan intervention seriously. just slightly shy of level, the market has been really head that -- hesitant for fear of intervention. partly because the last time they intervened, it was around that level. jonathan: what do you think intervention is actually going to look like if they do intervene? what does it look like? >> i think the japanese made a mistake by not intervening at the end of last week when the u.s. and european markets were closed. but i'm looking at is as you mentioned, this consensus is for a relatively robust or at least a decent u.s. jobs report on friday and a firm's cpi next week. i think the dollar is going to move higher on the back of that. i think that the japanese, by not intervening they are g

a couple comments like that on the bloomberg terminal. bloomberg. tk's life. lisa: i will give you that. jonathan: everyone believes we live a certain life we do not. equities on the s&p 500 positive by 0.2%. equities are up 0.25%. let me tell you how quiet this morning is. on the terminal, there is a function where you can look at the most read stories on the terminal. the most read story in the last eight hours is a former fed president's view on rate cuts this year. that tells you how quiet things are in this market. lisa: it does feel like there is absolute stasis. the one anxiety point is, what about rate policy? and somebody saying, you are fine is the most read story. we heard from mohamed el-erian that there should be apostle. jonathan: that is if something goes wrong. what is state street say about that? if i think 50 basis point cuts, i think problems, not supply-side solutions. lisa: that is what their argument is, the economy is not as strong as it seems. the point to strong business -- they point to small businesses. jonathan:

jonathan: i think we all have it on the bloomberg terminal, staring at the chart every morning.esh dose of u.s. inflation data with the core pce at 8:30 eastern time. watching for hints of stagflation after yesterday's gdp data. it's amazing how quickly everyone is talking about a different thing. stagflation, a whisper of it after yesterday. lisa: nobody was talking about potential for weakness. more than core pce, personal income and personal spending will be more important. that was the area that missed yesterday in the gdp numbers. if we see personal spending come in hot, stag is out. we go back to this idea that you have peers strength with no asterisks around the edges. that will be a bigger number. jonathan: big moves in the premarket. microsoft and alphabet rising big time. both blowing past earnings estimates yesterday afternoon, fueled in part by booming use of artificial intelligence. tech giants adjusting -- jostling for dominance. a stark contrast to what we saw meta do yesterday. mandeep singh joins us now for more. these are the big ones this week. can we start wi

my favorite function on the bloomberg terminal, a snapshot of the g10.llar has absolutely ripped year-to-date, stronger against the japanese yen by question on percent -- by a 10th of a percent. what kind of damages that do into the global equity market call? how does that play into the overweight we have seen in japan and places like europe? what does this mean for the trades? wei: the dollar is inversely correlated to the risk sentiment. it is driven by rate differential and risk sentiment. currently, it is doing this because both actors are supportive for the dollar to go higher. we are overweight the japan call, but obviously, the weaker japanese yen translating to stronger equity momentum, there is a bit of a auto hedge their but the stronger dollar games and we should question what we have. jonathan: this was wonderful. took me a while to get that. lisa: that is your favorite. wei: everyone's favorite. jonathan: you are my favorite. thank you. thank you. let's get to the bloomberg brief. dani: morgan stanley shares are open to premarket. net new as

conversation, including his views on israel and the u.s., coming up later on bloomberg television, online, and in the terminalsubscribers can get more right now by going to ni big take . this is bloomberg. ♪ haidi: bringing you up-to-date on the latest in the middle east. president biden has told benjamin netanyahu that u.s. support for israel's war in gaza depends on new steps to protect civilians. his warning comes after an israeli strike killed seven people delivering food to displaced palestinians in gaza. the u.s. leader is facing increased pressure to take a hard line against israel as civilian casualties rise. a cease fire talk between hamas and israel remained deadlocked. israel's economy minister told bloomberg he does not trust qatar to act as a mediator with hamas.qatar 's minister of foreign affairs has called the comments lies and beatles accusations. >> qatar is giving safe haven to hamas leaders funding trillions of dollars, buying their ideology in the u.s., buying their way in. they are wolves in sheep's close. them along with iran are a big threat. haidi: israel is scrambling navigationa

terminal. this is bloomberg. ♪ you know what's brilliant? boring. think about it.atalyst for bold. what straps bold to a rocket and hurtles it into space? boring does. boring makes vacations happen, early retirements possible, and startups start up. because it's smart, dependable, and steady. all words you want from your bank. for nearly 160 years, pnc bank has been brilliantly boring so you can be happily fulfilled... which is pretty un-boring if you think about it. starting a business is never easy, but starting it 8 months pregnant... that's a different story. i couldn't slow down. we were starting a business from the ground up. people were showing up left and right. and so did our business needs. the chase ink card made it easy. when you go for something big like this, your kids see that. and they believe they can do the same. earn unlimited 1.5% cash back on every purchase with the chase ink business unlimited card. make more of what's yours. ♪ paul: let's get a check of commodities. oil is one to watch. prices are strong, brent crude above $90. opec-plus main

bloomberg subscribers can watch on the terminal using the tliv or tv function. is bloomberg. ♪ something amazing is happening here. retailers 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. paul: it only happens once every four years, and we are not talking olympics. we are more nerdy than that. we are talking about the bitcoin having. it hasn't happened since 2020i believe. it happens every four years. the daily reward will drop from 900 bitcoins to 450 and not a lot of movement on the price. looks like it is priced in. annabelle: priced in and also, carried off without a hitch. we are trying to understand if it is priced in, what do we need to look at? one of the nerdy aspects is what it means for the bitcoin minors, given they are getting such a big reduction to their revenue. some of -- in the market are

coming up later on bloomberg television, online and on the terminal.ubscribers can get more right now. let's bring back the head of research and investments advisory at k2 asset management. the argentinian president recognizing what a lot of people recognize, that china is the world's second largest economy. it is still a force to be reckoned with. do you look at deploying capital at the moment notwithstanding the well-publicized economic problems? >> they are well-publicized was going on in china and with argentina should being pragmatic for obvious reasons. with china we have been investing into china actively since the late 90's. up until march quarter of 2021 we have been underweight china because we believe to put finite capital to work in china is unpredictable since early 2021 and will remain so. exporters to china devon what has been going on the last few years. what is going on in china, there are great valuations but they have to track finite capital and business sentiment are at suppressed and depressed levels. developed world households, re

more on that in every coming up later on -- on that interview coming up later on bloomberg television online and on the terminalre are some pictures from u.s. treasury secretary janet yellen's meeting with business leaders in china a short time ago as her weeklong trip to china gets underway. yellen commenting she seeks healthy ties with china while warning on overcapacity. we will have more details on her agenda in just a moment. but first, a team of bloomberg economists also recently made trips to shanghai for meetings with the as well as locals. -- joins us now -- david joins us now to talk about his impressions from that visit. what were some of your impressions from that visit? david: overall speaking, people are still conservative about the economy. although we saw a rise in the pmi in march. this recourse, what happened last year when we also saw that the rise in the pmi in the first couple of months, but then the economy, then the economy softened in the following quarter. so, that's, you know, on the ground survey tells us we should still be cautious about the reading of the pmi so that that is the [in

bloomberg surveillance." we have a strong piece on the terminal right now saying hold on -- a week ago elon musk was supposed to go to india and he bailed. now he's gone straight to china. he shows us the power dynamics and the skill in all of this, navigating geopolitics. caroline: yeah -- craig: yeah, that has been mutual backscratching for years now. tesla was the first international foreign car company to be allowed to operate in china without having to read to a joint venture with a local manufacturer. it was a huge win for elon musk and something that he fought for for years. the construction of the plant for tesla was record time. extremely timely in the sense that musk was really ramping up the model 3, trying to remodel y out. they were able to keep the plant running even during pandemic, when other plants in china had a difficult time opening back up from the initial shutdown. so, china has very much supported tesla when tesla needed it most. we are seeing u.s. companies pull back a bit from china, maybe at least derisk a little. apple did that in india. a similar move. it's clear that musk doesn't

bloomberg new voices is an initiative focused on amplifying the voices of women and underrepresented voices in finance. the strivers can see more from that launch event on the terminaline. we have plenty more ahead. this is bloomberg. ♪ you know what's brilliant? boring. think about it. boring is the unsung catalyst for bold. what straps bold to a rocket and hurtles it into space? boring does. great job astro-persons. over. boring is the jumping off point for all the un-boring things we do. boring makes vacations happen, early retirements possible, and startups start up. because it's smart, dependable, and steady. all words you want from your bank. taking chances is for skateboarding... and gas station sushi. not banking. that's why pnc bank strives to be boring with your money. the pragmatic, calculated kind of boring. moving to boca? boooring. that was a dolphin, right? it's simple really, for nearly 160 years, pnc bank has had one goal: to be brilliantly boring with your money so you can be happily fulfilled with your life... which is pretty un-boring if you think about it. thank you, boring. paul: all right. let's take a look at how we are tracking on markets. t

bloomberg subscribers can get that at dayb on the terminal and the anywhere app. you can play around with those settings for the news on the industries and asset classes that matter most to you. this is bloomberg. ♪ hey you, with the small business... ...whoa... you've got all kinds of bright ideas, that your customers need to know about. constant contact makes it easy. with everything from managing your social posts, and events, to email and sms marketing. constant contact delivers all the tools you need to help your business grow. get started today at constantcontact.com constant contact. helping the small stand tall. ♪ ♪ relax into a caribbean state of mind. visit sandals.com or call 1-800 sandals. starting a business is never easy, but starting it 8 months pregnant... that's a different story. i couldn't slow down. we were starting a business from the ground up. people were showing up left and right. and so did our business needs. the chase ink card made it easy. when you go for something big like this, your kids see that. and they believe they can do the same.

love a real-time conversation supported by bloomberg at the terminal.ries elsewhere. dani: expected to become the richest ever u.s. inmate. facing sentencing today after pleading guilty to money laundering and sanctions violations. he is expected to be worth three $3 billion. his lawyers are arguing for probation citing a lack of precedent for incarceration. boeing raised $10 million. it will help to ees some of their financial strains. the outsize demand was helped by billing dangling the yield premium. it is a sign that the credit market is wide open. insatiable demand continues. goldman sachs is in talks. yet another major step in the efforts to pull back from consumer lending. the credit card unit had lost about $6 billion since 2020. they could strike a deal with gm as soon as this summer. that is your brief. jonathan: i always wondered why goldman could not come up with it. you think luxury and you think goldman sachs. why did they try to go mass-market? lisa: my gut is that they are asking themselves that question in considerable amounts. you hav

subscribers can find that on your terminals and it is available on mobile for bloomberg anywhere.tomize the industries and assets that matter to you. this is bloomberg. ♪ annabelle: taking a look at major currency pairs, a little movement coming through. watching the yen closely. as we have been discussing, going to 160. which makes the risk of intervention in play. we're continuing to track that. japanese equity markets are shut. we are just seeing it weaker across the dollar. what could also change the direction is the fed rate decision, no change is expected. focus will be on the tone that jay powell strikes in his press conference, whether he needs to sound hawkish given we have seen resurgent inflation data. let's discuss in terms of the sounds or signals from jay powell and bring in jill, our news desk editor for today's big take. it is focused on fed speak index, which shows the hawkish pit it started in december. talk us through what the index is and what it is telling you? jill: essentially bloomberg economics trained a language algorithm on 60,000 different fed headlines

terminal or go to bloomberg.com. we will have more ahead on daybreak asia. this is bloomberg business every second counts. 120 seconds to add the finishing touches. 900 seconds to arrange the displays. if you're short on time for marketing constant contact's powerful tools can help. you can automate email and sms messages so customers get the right message at the right time. save time marketing with constant contact. because all it takes is 30 seconds to make someone's day. get started today at constantcontact.com. helping the small stand tall. to me, harlem is home. but home is also your body. i asked myself, why doesn't pilates exist in harlem? so i started my own studio. getting a brick and mortar in new york is not easy. chase ink has supported us from studio one to studio three. when you start small, you need some big help. and chase ink was that for me. earn up to 5% cash back on business essentials with the chase ink business cash card from chase for business. make more of what's yours. annabelle: some breaking news crossing the terminal, the eu opening an investigatio

terminal subscribers can find it at dayb and on the immobile in the -- on the mobile on the bloombergnywhere app. this is bloomberg. ♪ so, what are you thinking? i'm thinking... (speaking to self) about our honeymoon. what about africa? safari? hot air balloon ride? swim with elephants? wait, can we afford a safari? great question. like everything, it takes a little planning. or, put the money towards a down-payment... ...on a ranch ...in montana ...with horses let's take a look at those scenarios. j.p. morgan wealth management has advisors in chase branches and tools, like wealth plan to keep you on track. when you're planning for it all... the answer is j.p. morgan wealth management. haidi: ubs is said to be planning another round of job cuts as they continues to trim the headcount. adam haigh joins us with the details. this is going to affect a number of different business units. adam: yes but it is mostly in investment banking. this is potentially going beyond the usual pruning of the bottom 5% or 10%. this is more about the continued restructure and following the absorption of cr

terminal and on bloomberg.com. plenty more ahead. this is bloomberg. ♪ haslinda: you're watching bloomberg markets: asia. is expected to meet with a group of indian space startups on his visit to the country next week. companies including -- say they've had requests from the government to keep their calendars open next monday for meeting with musk in new delhi. his visit may help pave the way for starlink and tesla to break into the indian market. our colleague spoke with the cofounder about his expected meeting with the spacex chief. >> you are meeting elon musk this month when he comes to india. suppose he said, i want to invest in your company. what would you say? >> we would be happy to have a person like that to invest in us. >> with that amount to an emotional takeover? >> no. i don't think so. he's an entrepreneur for sure. he has his big space company to launch already. i feel like he would encourage us but if he invested, that would be very good. >> is it too much to ask to collaborate with us or invite me to your facility at space x? >> we will introduce what we are doing. say -- >> you are pla

terminal for bloomberg.com. more to come on daybreak asia. this is bloomberg♪ annabelle: taking a look at how commodities are faring, brent crude and wti are range bound. a little weakness in the prior session, given we had an oil inventory report showing rising u.s. stockpiles. opec and iea will release their report this week which will give us a sense of supply and demand pressures this year. iron is one to track, it is on a tear this week. that has given optimism around china's outlook demand. closer to the 110 level given that we were below the hundred dollar level a few days ago. gold to track given we saw a fresh record high overnight. speaking with daniel lam from standard chartered weld solutions saying you do not want to buy in at these levels, but we've seen a lot of buying from china in particular. let's stick with china for the latest developments we are tracking. beijing and russia have agreed to start a dialogue on eurasian security with the aim of counteracting the european atlantic alliance led by the u.s.. russia's performance minister told a

termination. according to bloomberg, the company telling hybrid employees yesterday via email that the policy will go into effect on may 13th. it is giving workers a three-month grace period to move back to the new york city area. if they have not returned by then, they could face consequences, including termination. >> this is what bruce ratner said yesterday. the occupancy levels. you normally have 25% and now it is 12%. >>> take a look at shares of trump media. they have been rising since the low of $22.80 hit on april 16th. the stock closing at $46.69. the company has been campaigning against short sellers and making it difficult to loan to sellers. it may have decreased the number of shares. it may be possible a short squeeze is occurring which forces you to repurchase the shares. without that explanation, there really is none. >> probably not. it is not realistic to say it reflects poll numbers. i could make more ridiculous assertions, probably. this president is going to be worth a lot if he -- >> i'm not agreeing with you. >> we'll see. it may be technical. at this point you don't know why

terminal subscribers go to dayb . it is also available on the bloomberg app. bloomberg. ♪ so, what are you thinking? i'm thinking... (speaking to self) about our honeymoon. what about africa? safari? hot air balloon ride? swim with elephants? wait, can we afford a safari? great question. like everything, it takes a little planning. or, put the money towards a down-payment... ...on a ranch ...in montana ...with horses let's take a look at those scenarios. j.p. morgan wealth management has advisors in chase branches and tools, like wealth plan to keep you on track. when you're planning for it all... the answer is j.p. morgan wealth management. you have to make it. and if you want a successful business, all it takes is an idea, and now becomes the future. a future where you grew a dream into a reality. it's waiting for you. mere minutes away. the future is nothing but power and it's all yours. the all new godaddy airo. get your business online in minutes with the power of ai. >> 1000 global leaders will gather in doha gain unparalleled insight and make new connec

roma in germany does not intend to terminate the existing contract for the supply of liquefied natural gas with yamal lng, the company’s executive director told bloombergt agreements are valid until 2040 and some politicians in berlin do not approve of the project, demanding a severance of business ties with russia. now, unfortunately, politics prevails over business interests. it is clear that everything, everyone is normal, which means that the business structures of the european union want to receive our resources, as before. at the same cheap price, the same reliably, in the same volumes that they received. moreover, they didn’t just invest a lot of money in the construction of underwater gas pipelines. they planned to expand their economy, but politics intervened, they became competitors of the united states, they are slightly stifled. germany is gradually switching to renewable energy sources, abandoning coal power plants, and shutting down its nuclear power plant. initially , the focus was on russian gas for the transition period. however, supplies along the northern streams have been suspended, and now the government germany is counting on the

terminal subscribers go to dayb . it's also available on mobile and the bloomberg anywhere app.hen you're there, you can customize settings so you're only getting news on industries and assets you are interested in. this is bloomberg. ♪ the future is not just going to happen. you have to make it. and if you want a successful business, all it takes is an idea, and now becomes the future where you grew a dream into a reality. the all new godaddy airo. put your business online in minutes with the power of ai. paul: it is going to be a big day in japan, it is bank of japan decision day. let's take a look at how assets are tracking ahead of that. the yen still very very weak and we've heard as expected, plenty of signaling on potential intervention. that would come from the ministry of finance, but the bank of japan might have something to say in terms of rhetoric to put a floor under the yen. equity futures are in positive territory. of course we might see tech stocks get a bit of a bump after really good numbers out of alphabet and google. we might hear words from the we might hear

terminal. head over to bloomberg.com as well. more to come here. this is bloomberg you automate sales tax with avalara, you don't have to worry about things like changing tax rates or filing returns. avalarahhh ahhh haidi: data security is again taking center stage in the intensifying rivalry between the u.s. and china. this is after washington moved to force a sale or ban of tiktok. beijing seems to be embracing firms that play by its rules including tesla. for more let's bring in correspondent rebecca choong wilkins. on the one hand you have the ongoing high-level engagement, yellen, blinken. but at the same time these evergreen areas of tension continue to lay out. rebecca: yes. the tesla, tiktok story is an excellent encapsulation of that. it is a tale of two tech companies when we see tiktok facing this ban bill. it took quite some time to finally get to a framework where u.s. lawmakers felt comfortable actually moving on that legislation. this is effectively years in the works. versus firms like tesla, with that baidu partnership now announced. and what essent

bloomberg opinion, thank you very much indeed. well worth reading marc's opinion pieces on the terminal for that context.tching focus to the german chancellor, olaf scholz, who is currently in china. on a second visit. he started in chongqing and will deliver the delicate message that beijing has not acted on european warnings to end discriminatory business practices. joining me is oliver crook who looks at this from both angles. in the journey from berlin to beijing, what is scholz hoping ultimately to achieve? >> he is walking a delicate tight rope. it's the second visit as chancellor. he will meet the premier and president and local officials in congqing. for people who are not familiar with this city, this is a city of more than 30 million people. one of the biggest on the planet. this illustrates why this market is so important to germany. the ceo is with him. beam believed, mercedes, basf, bayer, merck. in terms of what he is trying to achieve and will be speaking about, there is obviously the war in ukraine, which looms very large over this. we know where china's position has been. that will be ha

terminal. u.s. officials confirm israel as drug targets in iran ♪ tom: good morning, this is bloomberg, i am tom mackenzieel launches a strike on iran but there are conflicting reports about damage. the country's nuclear facilities are safe. investors rush to save havens. brent crude spikes and voters head to the polls. india's election gets underway, let's check in on these baskets -- markets, i should say. we are very much in risk off territory, safe havens pairing in this session, looking at futures in the red when it comes to the stock market. european futures are lower, ftse futures lower and s&p above 5000 for five straight days pointing lower by 8/10 of a percent. hawkish commentary front and center. a strike on iran. nasdaq futures are lower, but let's look at how money has moved. you've seen yields move lower, undoing selling pressure at the front end when it comes to the u.s. treasury market. yields are down close to seven basis points. cold lifting -- gold lifting. $88 98 on brent, breaking through that on the day, up 2%. 89 a barrel on brent, continued christ's precious. let's get the latest o

terminal. turkeys president suffers defeat in municipal elections. live to discuss the fallout next. this is bloomberg♪ ♪ lizzy: welcome back to bloomberg. we are going to turkey where the president suffered an unprecedented defeat at the ballot box. the ak party fell behind chp in municipal elections, the first defeat since he swept to power more than two decades ago. more from our turkey government reporter barrel ackman in the turkish capital. is this a watershed moment? barrel: as you mentioned, it is a defeat. he came to power as prime minister about two decades ago and it is a historic moment for the opposition where we have rarely seen strongholds taken from a party in local elections. five years ago we saw the opposition captured in the commercial have as well as the capital and major cities in the west, but this time it is a landmark victory because they've taken control of city's that they ruled for decades, even with the predecessors of the party, so it is a show of force against the president and a watershed moment. lizzy: is it a watershed moment for turkish macro policy? >> we will have

bloomberg intelligence and of just -- analysts gita. you did research earlier in the week published on the terminal that with disney pulling ahead it seemss the case. look at cash flow and fundamentals. why was that your thesis? >> thank you so much. what peltz has been agitating for, disney has more than delivered. peltz has been speaking and his railing cry has been on the stock price performance, poor financial performance and bob iger since he has quebec has taken control of the narrative here -- he has taken control of the narrative. the most critical is the cost cuts. we have seen cost cuts across the board. we have seen the content budget slashed dramatically. that's improving earnings power and its improving free cash flow. we will see a 70% surgeon disney's free cash flow. we are almost back to pre-pandemic levels. they were generating about $10 billion in cash flow. that went down ready dramatically through covid, through the fox acquisition, with the streaming lunch. we were down to close to $5 billion in 2023. we will be up to $8 billion in 2024 and probably $10 billion next year. caroline: if nelson peltz -- of the previous

bloomberg. katie: time now for our daily wall street week conversation. we are focusing on the terminalay, iran ceased a container ship, the latest in a series of attacks between the two countries, and here with more insight into how this impacts global supply chains is brandon daniels along with wall street weeks david westin. david, an important position after what we saw this week. dated: a lot of drama. what did you see, what is the reaction so far in the market what we saw over the weekend? >> so there are two things. the first thing is that the market is responding to the bearish oil expectations, so there has been a sentiment that there is going to be a depression in oil demand this year. and so that has eased supply shock that was anticipated, and that has also eased the sort of geopolitical tension impact. so that is one of the major market impacts. but this also is going to start to impact the markets in multiple jurisdictions and in multiple industries. you still have major segments of the market that are shipping through the suez canal and through areas in that sort of middl

terminal or on mobile. you can customize settings to just get the news that you care about. this is bloomberg. ♪ ♪ haidi: janet yellen says relations between washington and beijing are more stable. they will meet with the pboc governor today. on sunday she sat down with the chinese premier. janet: as the world's two largest economies, we have a duty to our countries and the world, to manage our complex relationship and cooperate and show leadership addressing pressing global challenges. >> under the guidance of the two presidents, china u.s. relationship is stabilizing and you are the first american cabinet member to visit china this year. your visit has drawn a lot of attention in society. haidi: let's bring in bloomberg's chris who joins us from beijing. we know there are areas of struggle between the superpowers that cannot be solved. in terms of what janet yellen has gotten out of the trip, does it meet the expectations that we hide? chris: i think so. they had one little announcement, i would not call it major, but they sprung announcement on saturday after she met with the vice premier.