jason lui from bnp paribas. take a look at some of the moves that are watching on the back of some pretty worrisome outlook for the likes of lululemon overnight as well as nike. we are seeing some moves when it comes to asia's sportswear makers. not much of a downside we are seeing from the likes of fila. we are also watching some of the airlines, japan airlines rising boosting income forecast and propelling that stock higher. we are also watching some gold miners after what has been a hefty week of trading for the price of gold after the fed decision and the moves we have seen with the dollar. some minor is seeing a down day today. evolution off 1% and genesis mineral down by seven point 3% after we sell gold prices retreating from the 2000 $200 an ounce level that it hit this week. antitrust issues continue to play out. $113 billion and market cap after regulators seem to to be closing in on the antitrust issues. we are seeing some suppliers a little softer. but others are unmoved by the department of justice'

an update coming through from bnp paribas.hey 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 ultimately leads to an outcome in which the people of israel are secure. hamas is crushed. he believes there is a path to do that an

equity and derivative strategy at bnp paribas.n it comes to talking about reddit, the conversation i keep having is that this is great news for the pipeline, all of the ipo candidates waiting to see how the market receives some of these ipo's. you take the other side of that? >> we think it's interesting but i'm not sure how much of a read there is for the broader market sentiment. equities have rallied a lot this year and we see plenty of evidence of exuberance. a small name being listed is nice but i'm not sure there is a bigger read across the market. katie: not a huge take away or life shattering revelation but it's a good counterpoint to what we are hearing. when you mentioned the exuberance we have seen so far, you can look at the chart of bitcoin, the more surprising thing is we haven't seen the ipo window open up more meaningfully. >> i think it's certainly like 2021 were received that in the secondary markets with positioning indicators we look at. they look similar to the first half of 2021. the big difference is monetar

economist at bnp paribas. a lot of this comes down to timelines.ow long the port of baltimore is shut down. how are you thinking about the potential economic impact from a more prolonged shutdown? >> the loss of life is always a tragedy and those things when they happen whether it is a natural disaster or technical disaster is always a tragedy. in terms of economic impact, we don't think it is going to be a big deal in the scheme of things. simply because of the timing of that. there are two stages as you alluded to. they need to clean it up and they need to rebuild the bridge. the first stage is not going to take too long. maybe a few months or so. that would be my best guess. once the ship start coming in and out, that is going to alleviate pressures for the local economy. the other thing is obviously the vehicle traffic. that is more complicated but that can be rerouted even though it will cause a lot of congestion on other routes. i think you need to look at how big of a share that is. the imports of baltimore from the port of baltimore is 3% o

and novak was in la because he had lost earlier in the bnp paribas, which is just down the road in indian wells. so he was actually off. he should have been playing tennis this weekend. but he got upset in that tennis tournament. >> and i don't think a lot of people realize that. chris just flew back from los angeles today. that must have been some game to keep you awake this long. and i don't know if you're more excited about the celebs or the actual game. >> i was excited to make my flight because at l.a, traffic is no joke. i almost missed my flight. it was crazy today. >> well, we were excited to have you back. thank you so much. well, still ahead on an update saves us 5% on the things we need. 5% off. - 5% off. 5% of. and, as loyalty members, we get points toward mylowe's money for the things we want. oh, we want this. the all new mylowe's rewars loyalty program is her. download the app to joi, earn and save toda. you can make money the hard way as a bullfighter or a human cannonball... or save money the easy way, with xfinity mobile. existing customers can get a free line of our mos

the bnp paribas open had to be suspended because of a bee invasion.i don't think i've ever seen this before. >> minutes after the quarterfinal match between carlos alcaraz and alexander zverev started a swarm of bees surrounded the spider camera over the stadium. a beekeeper had to be called to the court to safely tend to the bees. the delay ended up being nearly two hours afterwards the match was able to resume. you can hear about the west coast top stories every weekday right here on ktvu . west coast rap with alex savage airs at 7:00 monday through friday, or find around the clock coverage at west coast rap.com. >> well, new tonight a south bay middle school at risk of being closed due to declining enrollment. >> but as ktvu, lamonica peters tells us, pushback from parents has prompted the school district to hit the brakes on the plan. for now, parents, students and staff of aptitude academy voiced their concerns about alum rock union school district removing grades six through eight from campus. >> yes, there are declining enrollment, but by closi

international transnational financial institutions, here we are talking about city bank, gp morgan, bnp paribas , deutsche bank, and this only pleases me, and i will finish the column about money during the war, but a big broadcast is going on, there will be more later, watch us, thank you oleksandr, morshevka. well, now let's invite serhiy rudenko to the conversation, which will be discussed today in the verdict program, which starts at 8 p.m. sergey, good evening, please, good evening vasyl, today let's talk about the last massive missile strike by the russian occupiers on the capital of ukraine, more than 30 missiles flew at the ukrainian capital this morning, our glorious anti-aircraft forces shot down these missiles, but what is happening now? with the mass shelling of the russians and what they are capable of, we will talk about this with general igor romanenko, a person who knows what air defense is and how it should be built in ukraine, especially since zelensky addressed the world and in once again asked to strengthen the ukrainian air defense forces and promised to strike at answer to

. >> chief u.s. economist with global bank bnp paribas says american voters view the economy willúplaykely driven by ongoing inflationary pressures, as well as prices and even student loan repayments. >> resuming very healthy jobs market. but higher interest rates actually taking a toll on spthe economy. we see it in in a lot of different. we see it categories. this tells us growth will be slower in 2024n relative to r023, but it's bed. we're ind place. >> carl riccadonna said. recession risks arec receding ad the fedúis adjusting its course, which he says ish landing. fed chair jerome powell told lawmakers last week the central bank may not be far from the point of cutting interest rates. >> the fed is looking to start reducing interest rates soon, most likely not at their even ty meeting might be too soon, but i think by the time we get meetin, policymakers will be ready to start that process. >> the fed is scheduled to meet next on tuesday, where they are expected to keep rates. the same negotiations. celebrating a new agreementúwith their union. >> plus, a new medical campus i& com

today kicking things off is george son from bnp paribas.n we have the best of the best when it comes to china equity strategy. conjure lower from goldman sachs. when he will from bnf securities. slightly different views on the china equity market. it will be interesting to put those together to talk through what is to come this year. annabelle: the china show every weekday with yvonne and david. the show launching at the top of the next hour. that is it for this hour of bloomberg daybreak: asia. the new show just ahead. ♪ i think he's having a midlife crisis i'm not. 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. yvonne: you are looking at live pictures on the ground

israel strategic affairs minister, and megan robson of bnp paribas. we begin with the top story.aintaining a cautious view on rate cuts. julian emanuel writing "the phrase it is different this time is being heard everywhere, especially since the fed has promised to cut rates from a position where the economy is not slowing. we think friday's core pce number could surprise to the upside and a cut would get quickly priced out in the market would respond with stock week this." -- with stock weakness." julian joins us. the exuberance zone. can you describe what that is? julian: it is not irrational. when we think about history we have to go back to the time where having run money during that time, you knew there was irrationality in the year 2000. that was 20 times earnings. we are at 23 times earnings. the s&p would have to get a lot closer to 6000 to get to irrational. we are seeing signs of the wall of worry having been completely dissolved. aberrant behavior in the options markets. betting on the nasdaq rallying a further 33% to june after already rallying 30% since october. all

coming up, bnp paribas's head of u.s.rategy join bloomberg surveillance tomorrow at 6:00 new york time. this is bloomberg. ♪ katie: it is time for wall street week. oregon is one of the states overseen by fed bank president mary daly. earlier, david westin spoke with skip newberry about the tech industry outside of silicon valley. >> oregon is really well known for having a lot of semiconductor manufacturing. over many decades, that has continued to grow. starting with intel's largest operations in the world based in oregon, they employ over 20,000 people here, do a lot of r&d. intel, plus the supplier network for semiconductors, accounts for $30 billion for gross regional product here in the state, employs over 100,000 people in terms of the tech sector broadly defined. in terms of the proliferation of tech outside the silicon valley, we have a robust startup ecosystem here in oregon, a lot of companies developing business applications, software, consumer facing applications as well. >> it is not just silicon valley. you

megan robson from bnp paribas.gin with stocks at record highs of following a fourth month of gains. avery sheffield saying this, " the market is partying extremely hard. valuations are stretched and fundamentals are being overruled. we think that this creates underappreciated downside risk." you sound like a guest lisa booked. let's talk about downside risk. welcome to the show. how long is that list? avery: the risk in terms of what has been priced in. as you have been speaking about, we are running a six to 7% deficit in that environment. it is hard to see much economic downside absence or something happening in the banking sector. the economy looks like it is humming along. it is okay. from a stock perspective, what is priced in with the nasdaq, 29 times, s&p community 21 times. with real rates, the highest they have been since the gsc. there is a lot priced in. when expectations aren't met, the downside can be very meaningful. we would say it is probably more like it to happen in stock specific basis rather tha

jonathan: greg boutle of bnp paribas. 5150 is the are indeed target.oming up next, bloomberg's e nda curran. china has had aggressive goals. can they hit them? we will discuss, next. this is bloomberg. ♪ 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 sketchy insurance. xi-chun, xi-chun, xi-chun! you've got more options than you know. book now. 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. when i was your age, we never had anything like this. constant contact. 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 co

coming up tomorrow, bnp paribas, blackrock and new york life investments, a lot to talk about. conversation. nouriel roubini was not that bearish about cuts in 2024. ♪ 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. you're probably not easily persuaded put your business online in minutes to switch mobile providers for your business. but what if we told you it's possible that comcast business mobile can save you up to 75% a year on your wireless bill versus the big three carriers? you can get 2 unlimited lines for just $30 each a month. all on the most reliable 5g mobile network, nationwide. wireless that works for you. get the new samsung galaxy s24 on comcast business mobile. save big with up to $500 off an eligible samsung device with a qualifying trade-in. don't wait! call, click or visit an xfinity store. >> good morning. we have a new narrative of no