capital markets, thank you forjoining us. thank you.ve america's renewable energy industry? i'm joined by the president of the american council on renewable energy, ray long. industry right now. well, mark, it's nice to be here. thanks for the question. well, things are a little different right now. certainly different from the past few years ithink, you know, one of the interesting and exciting the united states. about industrial processes being electrified, we're looking at an increase in electricity demand is needed by 2030. so, that's a lot of electricity that we need and it's an incredible opportunity for all the different projects operated, and it's contributing to the economy. so, i see the policy landscape changing right now happening at the top of washington politics right now? there are no... when you think about the campaigns over the last year and the language that was used, you know, they were going to approach energy and so many other things. so, ithink, you know, we had a realistic road map about how they were going to ap

so that we can deepen and integrate our capital markets within the euro area under your group has done a lot of work on this. and then find the i would argue that the digital future of the euro is also of a strategic response back to the way in which we see the global economy beginning to change is on the topic of voice decisions. mean we get onto the drive here report. now, one of the big headlines from the driver report was, is, as mentioned in the figure of an extra $800000000000.00 euros a year that's needed in his view for the you to catch up. and some of those areas that you've touched on, whether it's innovation and sort of digital innovation and entrepreneurship, essentially to try and catch up with a considerable gap. that is no emergency and you are paying companies and american companies and, and the chinese companies do you think the you can come up with that kind of a figure and how do you think it could do this? yes, i believe we can. and i believe there's 2 ways in which we will do us. firstly, it will go back to the opportunity that is there regarding a private savings

here's the largest companies in the world by market capitalization. it's a list dominated by us for, and you have to go all the way down to number 20 to find a your p and for the damage. pharmaceutical company noval, nor just among the most valuable us firms are the world's leading tech firms. microsoft, a chip joined and video, and their worth is of trillions, not billions. your biggest firms are much less valuable. the most valuable is at the same level as the us is 17th or 18th, depending on the days given rates. and europe's biggest firms dealing more old fashioned consumer and health care products rather than in more innovative technological fields. the drug you report emphasizes repeatedly, but the most ramp of public and private investments. to even put an exact figure on the report states to meet the objectives laid out. and this report a minimum annual additional investment of 752800 1000000000 euros is needed. well, i think this is he waiting for a big number in the hope that they people would be so frightened by the big my number they would

capitalism at all. rather, it's an effort to destroy free market capitalism. it's socialism in sheep's clothing, an economic system based on collectivist ideology. that is a that empowers a small group of financial leads to impose us policies that are consisting of with their political and social beliefs. all in the name of protecting us because they don't trust us to make for ourselves, our nation or our planet. it's a rejection of both free market capitalism and democracy, both of which empower that is us to those decisions for ourselves. and i'm not exaggerating here. you've probably wondering why many businesses have been taking positions and altering their business practices in a way that they may not make sense from a business perspective, you may support what they ideologically or politically, or you may oppose what they do ideologically, politically. but why would what companies like disney, which has a family audience, anheuser-busch, which has, you know, a beer drinking audience or target, be promoting for example, a transgender agenda. why would exx

this is about a number of companies looking for a deeper capital markets outside of europe. not just a london story. it is a frankfurt story. it's a paris story. what is so different right now? jp: good morning. i would say it goes beyond the startups into european bellwethers and established companies. the difference is the prices of european capital markets and its decline has become an existential threat. we don't have a google and an amazon and that has been well-known but there's a trend emerging over the last couple years not only that we are losing 300 billion dollars in money that had been invested in europe before but more companies, new ones it established ones, have the feeling they cannot grow in europe as much as in the u.s. there is some evidence too. if you look at the rare chip companies we have in europe, the u.s. depository receipts rate it much more than in europe. it speaks to a market struggling with liquidity and valuation. you have companies that move listings, or even like last year when a software maker hit a record. the headlines were not this is gr

capital. he cut some jobs, sold multiple assets, including exiting several african markets, and they sold aboutbillion in assets. but it looks like maybe we are starting to have the first signs that the turnaround is happening. and so this is reflected also in the 2025 targets. you see a revenue growth of more than 3% compared to 2024, a return of tangible equity above 8%. it stood at 6.9% in 24. so that's still below some of its peers, but better than what we saw. societe generale, previously in 2023, stood at 4.2%. so we see certainly a positive trajectory on that front. and they still have a target of return on tangible equity between 9 and 10% in 26. finally, the target a cet1 ratio above 13%. and we'll see this very positive reaction there on the shares. societe generale right at the top of the pack, almost 10% up. >> charlotte thank you for breaking it down. really strong performance across the french banks to start the year. stick with us because there's. >> another stock i want to ask you about. >> in just a moment. pernod ricard cut its sales. >> outlook for 2025 after disappointing. >

so if i look across equities, effects, capital markets, activities, you know, and also in m&a and leverage finance, we are definitely not only. growing our revenues as a function of constructive market conditions, but we are also gaining market share. and the effect this is what you see is now the effect of the two teams at the ubs and credit suisse teams. working together for the full year. >> well, carolyn joins us now. she just conducted that interview with sergio ermotti. carolyn, the shares this morning have really whipsawed around. we're now trading sharply lower for ubs. how do you explain the share price reaction this morning. >> look to be. >> honest, giuliana. >> good morning to you. i think. most of that will. >> be profit taking. >> deutsche bank out with a really interesting note this morning saying that shares of very richly valued. they're pricing in a lot of the expected future profitability here and shares giuliana have had a really good run so far this month. yesterday we saw the big declines in line with the market, but overall shares up by double digits more than 15%. s

joining me now jay woods chief global strategist at freedom capital markets. jay good morning. ou here. start off seeing a big sell off on wall street right now, at least in the futures market. even though the president indicated we'd see these tariffs. why do you think we're seeing such a big reaction. >> yeah i. >> mean there's. >> still uncertainty. >> we don't know. >> what the retaliatory strikes are going to be. china's been awfully quiet. >> i know it's the lunar. >> new year. so there's a holiday there. but this is just the first of a string of negotiation tactics that the president is taking. and we're not certain where this is going to lead us. so we always sell first and we settle things out later. >> all right. with that in mind, what's your word of the day. how do you see today shaping up? >> yeah. seat belts. i mean it's apropos for the volatility we we've been seeing last monday with deep seat. still not sure exactly where that's going to take us especially with these chipmakers. but we need to buckle up. those watching your portfolio minute to minute. you may wan

capital market. as a compass then a lot of these things you can point to the side whatever we think is going to happen and economist are full of opinions as to how to model i think you always have to say there is a backstop here. if you try something and it doesn't work out he will make an adjustment. i call it the trump put. i think it's a protective measure that we can always rely on their are other things we can predict about trump lots of one stable factor that he will bring to the market. >> is a great point, jumping president trump doesn't want the stock market to go down however, the other day i was with him in the oval office and he said there will be a disruption of course there will be disruption because of tariffs. at the end of the day we will not be treated unfairly anymore. nvidia is down 12% year to date and struggles to rebound from last month cella and i know you still own it, did you buy more 118 and change. >> yes google is down 7% and i'll be buying a as well when the market opens

capital. >> there is no framework. >> today for. >> cross-border m&a. so what you're going to see and you're seeing already is. in marketsolidation. >> a lot of the players don't. >> have the option that santander has. >> to. grow organically. across our. existing footprint. we do not need to buy. >> or. >> sell to. >> allocate capital. >> in or out of. certain geographies. we have been doing. >> that in an. >> active way. >> our goal is to maximize capital allocation, to. benefit shareholder value. >> and so again, we do not need. >> to buy. >> or sell to allocate capital. many of. >> our. >> peers are more. >> single market. >> that means that when there is, you know, not a lot of growth. >> there's not the option of cross-border. >> you are going to. >> see in. >> market consolidation. >> now, another strong performer this morning, gsk beat expectations for its fourth quarter earnings amid continued strength in its hiv and oncology portfolios. the pharma giant, however, did see weaker vaccine sales in 2024, flagging they were expected to fall further this year. nevertheless, the company raised its long term forecast,

. >> within the financial sector, specifically capital markets, more so than banks.an or goldman sachs, but hamilton lane is tactical. it's down about 20% off its recent high. it's corrected right into the bullish slope of its 200 day average. what we see as a near-term opportunity to buy long term strength. there's a nice false breakdown there. you fell below that level. it came right back above it. that's a sign of selling fatigue. plus it was recently upgraded by the fundamental analyst that covers it at oppenheimer. you add it up. and i think hamilton hamilton lane is at a bullish point. >> another major name that we talk about every day i'm kidding is mueller or mueller. mueller water products. they're one of the largest manufacturers of fire hydrants. and i assume water products i know nothing about mueller water products. who are they and what's your take. >> sure. >> so this. >> is they. >> fall into the capital goods and infrastructure theme, which is an established leader through the cycle. we initially upgraded the group back in september of 2022, and it h

amy wu silverman rbc capital markets head of derivatives strategy. o see you this morning. we were just talking about how, you know, broadly speaking, the market has been resilient but kind of churning as it rotates around and tries to digest a lot of these issues, suppressing, you know, index level volatility. how are investors kind of treating this set up and how does it play into what you think volatility might become? >> look, i think. >> this year is going to. >> be interesting. >> we've kind of joked that this is. >> a paddling duck. >> market right. >> you get that calm and smooth. >> duck on the surface. but those little. >> feet are. >> violently paddling underneath. and that's. >> kind of the rotation. >> you're seeing, which to. >> some degree. >> suppresses index level volatility. >> you know. >> if you. >> think back to this week, we didn't actually. hit a. >> close to close vix. >> over 20. >> which is kind of your psychological. >> barrier i think. >> that's fascinating because anyone we speak to would probably say they felt like there

because markets are inherently, inherently will put the pressure on the european regulators to think about a different approach? if all the capital starts flooding into us assets, us markets, because they're more competitive, getting more productive, getting more deregulated, the european market forces will have to think about how they compete, compete for capital and compete for resources on a global scale. and i think for that reason, there will be some deregulation. is it going to be anywhere near the size and scale of what donald trump is doing in the us? no, but even a little bit will help make the market more competitive here. >> so how does that then actually play out when you see such a big move from the united states towards deregulation and perhaps some a little bit of a move in europe, what does that mean from a practical point of view? because then definitely the interest seems to be going stateside. >> interest is going stateside. but remember when a lot of capital floods into a market, it bids up asset prices, bids up company prices. so the returns you can expect from the us markets becomes a lot tougher to think ab

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even in a market that you would consider least hospitable to private credit, we demonstrated it works for the user of the capitalinvestor. i expect to continue to gain market share and hold onto the clients, users of capital we have gained trust of. we are in the mid endings. it is a time where scale matters. we have a huge team of people working on underwriting. we have a few to knowledge base to work with to make these decisions, looking at 10,000 loans. we are well past the time where it makes sense for new entrants. we are at the state where it is more about the big getting bigger and how you continue to deliver those solutions. vonnie: we are seeing dispersion and credit quality metrics, defaults are not exploding but we are seeing dispersion's. how are you dealing with that, in terms of valuations, how are you looking at what you have on the books already? marc: wonderful question. where we start every day in credit, it is all about credit. it actually wasn't the case 10 years ago when we started this way forward to being a lender of first choice for the best credits. we at blue owl have always focused on

. >> reporter: and everyday panamanians like at the capital's famous fish market say control of the canal isn't up for debate. this fish vendor says -- "the canal is 100% panamanian." one encouraging sign for secretary rubio, after his meeting with panama's president, the president announced his country is canceling infrastructure projects with china in the coming years. his tour, the secretary's, continues in the coming days. from here this morning he is headed to costa rica, el salvador, guatemala and the dominican republic, the rest of the trip focused primarily on controlling immigration across the western hemisphere. >> that is ed o'keefe traveling with the secretary of state. >>> closer to home now, new york city's new congestion pricing charge could soon hit a dead-end. president trump has vowed to terminate the $9 toll by rescinding federal approval. the charge is designed to reduce traffic, clean the air, and help fund the city's transit system. it's patterned off a similar toll in london that's been in place for 20 years. but during that time, the charge has doubled and london i

that are, that are defined by and driven by the combination of free market capitalism and the entertainment media with the military on the back drop as a constant presence. and trump captures all of these values and have what he's done in his life. and he's doing it now in the presidency of figuring out of the states . and so his latest proposal is a combination of a disruption and a bit of delusion. and also he's threatening people and he's trying to control people. and that's only really 110 more than that as serious policy making. most of the reaction that they've had to states has been critical even going, you know, people are amazed by what's going on that the president is just pulling these things out of his pocket and throwing out this route, ideas which go against the whole last half century of peace making the region international law un resolutions, the global consensus, everything so this, this is a president driven by and by entertainment and profit making. so that we have to be very careful about how we respond to the okay. ideas that he comes with said, alright, go back in tel

jennifer: how much capital will it take to offset -- how much weight lab grown diamonds are carrying in the market think it's about how we spend the capital. we have a marketing budget and we now have a combined marketing budget with the government of botswana. one of the things we do on marketing is partnering with leading retailers, leading diamond and truly retailers in different countries around the world an equal partnership on marketing. that increases the scope and the scale of the budget. in the united states we partnered 50-50 with signature, that has been successful. we had a campaign called worth the wait going around the united states before christmas. we double up like that but i think it's a quality of the story is much as the quantity of the spend. jennifer: anglo has said they want to cut costs for debeers. how are you doing both things simultaneously? >> we need to make debeers more efficient. it needs to be a more efficient organization and we have taken 100 million dollars out of our overheads for 2025. that's important. we've done that already, we will declare that done. that e

over the weekend we published on capital market presumptions focusing on our 10 year outlook for asset classes. the situation for equities looks decent. it is quite a contrast that sunday night we were focused so much on what it means for the next day, while we are focusing our 10 year view. yeah, we have to be super vigilant to what is happening every other day now in terms of are we on or are we not. any type of positioning you have, one morning you look great because you were defense on sunday night, and in the afternoon when the tariff issues are no longer relevant, you are positioning -- jon: and it could change in five minutes' time. anwiti: what that means is that in the near term, while all of these negotiations are underway we expect volatility to be high. if you look at the fundamentals of the economy, we are expecting pretty decent economic growth this year, around 2.5% or so. inflation is the big question mark. keep focusing on that, and company earnings so far coming out quite fantastic. 9% to 10%. for the full year, expected to be even more than that. the rest is noise. w

you know, usaid was created at the height of cold far to fight communism and do liberal market capitalismeatened her and her staff, when she started to look into their corruption. that's her constitutional oversight duty. i mean, the media and democrats are trying to claim that usaid will starve women and children. no. it's about stopping corruption and stopping left wing activist groups and consultants and ideologies and getting the money to women and children. >> liz, there's so much corruption. every department that i look into, every agency that has situations like this. rubio is now in charge of usaid. they did the right thing in closing it down. we have to correct it. that's what we were elected to do. it l happen and we're all seeing president trump is doing it sooner rather than later. liz: congressman meuser, we'll stay on this story. thanks for joining us good to have you on. okay you are taking a live look any moment president trump will hold a new press conference with israel prime minister netanyahu at the white house. we're going to get you the latest when they come out. now

caroline: "a real time messages from hedge fund telemetry, for example, really questioning the market capitalizationere. talked about why it is vindicated. its unique offering. but tell us about your price point, because it is where the price is currently for the stock would you upgrade it? gil: we prefer other companies that have similar growth trajectories and similar ramps, specifically in this case snowflake and data dog will also ride the ai wave in their own way, and they are trading at a fraction of the multiple. if palantir is trading at 70 times revenue and 170 times cash flow, snowflake and data dog are trading more like 15 times revenue and 50 times cash flow, which are much more palatable valuations. that is why those are our buy writings in the sector. caroline: gil luria, it is great to catch up with you. let's check on earnings. paypal, the price is sliding. the processing business is disappointing for many. off by 9%, but did rally hard over the course of 2024. from san francisco, this is "bloomberg technology." ♪ so, what are you thinking? i'm thinking... (speaking to self) about ou

capital. thank you, sir. thank. thank all right, let's turn attention this saturday evening to africa and sue done what at least 54 people have been killed. dustin is more injured after suburban market, near the capital of a shell. a warning disturbing images had local authorities so many of the victims with women and children. the shelling cause widespread destruction to buildings in the area of the sudanese government has accused the part of military rapids support forces of carrying out the attack. the r s f itself has not as yet commented this is something you may have seen the european consuls late to a session on digital space future technology. sidetracked by cleaning, representative kids on voice face pushed back for ignoring the topic altogether. i'm calling for the murder of a lot of them are putting instead. the best thing we can do is really to prepare and to to fulton. that's exactly what we should do. i would not tell you about these a, just like, you know, thank you. thank you. and colleagues support these and thank you for these 22.2. it means minus one euro in price, of course, on in front. i think it's very important. we are looking for great investments. the best

worst case scenario, according to tom darian at rbc capital markets. scenario 21% hit to earnings for gm, 15% for ford, stellantis at 12%, and an almost 10% hit to volkswagen. i mentioned the auto parts suppliers. they're probably in a bigger pickle than the automakers. why? automakers have a number of plants where they can shift around production to potentially limit the impact of tariffs. not the case with a number of the auto suppliers. and remember, more than half more than half of the auto parts and components used in vehicles built in the united states are coming in from mexico and canada, and they can't adjust that production. so it'll be interesting to see how many of these adjustments can be made. and it partially depends on how long this tariff lasts. >> what do you make of tesla's shares, by the way? higher this morning? >> well. >> some of that will be people saying they have the most american made vehicles at their plant down in texas as well as their plant out in california. and there's some truth to that. keep in mind, they also have far

capital management. and chris grisanti is here on set with us. he's the chief market strategist at mi capital management. i think of cole as a value guy. but chris, i sort of think of you as a value guy, too. >> it's true. we're going to be singing to the choir today. >> okay. value versus value. what kind of value stocks are you in right now? >> so i'm really liking health care here kelly. over the last two years the s&p is up 54%. health care sector is up 2%. so and the earnings have come through. and with all this trumpian angst what we're looking for is reliable cash flow, reliable dividends. and that all kind of feeds into cheap health care stocks. >> are there any growth stocks that you would look at what we would traditionally call growth stocks. but you know i know you're often looking for a bargain. i don't know if there's many. microsoft has been a little bit of a more challenging story. some of them have lower valuations. >> anything there. well and i'd be careful. i mean it's kind of a not correct that value investors don't like growth. love growth. just d

he's rbc capital markets internet services senior analyst. i want to thank you for joining us.s just how much they are planning to spend it. it sort of ends, i think, a little bit of the debate around deep seek, and whether these models are so efficient that we were going to see sort of a precipitous decline in capex spending on infrastructure and chips and the like. so how do you look at this, brad? >> yeah. good to see you, andrew. thanks for having me. yeah, i mean, meta started us out. what was it, 60. >> to 65 billion. >> google. google got us going earlier in the week 75 billion. and now we're looking at 100 plus with amazon. these are ginormous numbers. no one had any sort of expectations that the capex guide probably wasn't going up last night. but with that said, you know, the story remains the same for, frankly, all these companies. but amazon included, is people need to feel comfortable that there's a pipeline of demand, there's visibility to demand that they can that they can generate to pay for all this stuff. and i think, you know, andy jassy did a good job on the

functionally have -- by the end of the year, close to $30 trillion that has to be borrowed from capital markets from people around the world this is a big deal. i showed a little while ago, just the -- if we were to just finance the $5.5 trillion of expiring tax provision, that's just $1.3 trillion, just financing that. now imagine the movement on everything else. and you'll be happy to know, because i think a little while ago, u.k. actually, their 10-year bond moved cheaper, less expensive, lower interest rate, than the united states. so i think we're back to being the 14th best bet of large -- of substantial countries in the world. means there's 13 other countries with better credit ratings. their 10-year bond sales cheaper than the united states. greece today can sell a 10-year bond almost a full point cheaper than the united states. doesn't that set off an alarm in anyone's head? am i the only idiot -- sorry, i don't mean to be going there but i'm trying to find some way, because i'll get these criticisms, david you talked about math. i don't like math. you may not like it but the math will

. >> joining us now is john vigne, keybanc capital markets equity research analyst.use, the outlook, john, or what's your current thinking on on the prospects for qualcomm? >> i was encouraged. >> with their guidance. >> i mean. >> the results. >> and guidance. were both solidly. >> above expectations. >> i was a little. bit surprised. >> the stock. >> was down pre-market because. >> these numbers were. >> pretty solid all around. they're seeing strength. >> across their. >> smartphone business and high end premium tier. and iot. and automotive. also upside. >> the reaction then is the stock's done well obviously. but you would use this as a as a point to enter. >> we're sector. >> wait rated. >> on it. so we're not recommending you know long term investors buy qualcomm. but we did feel that the near-term setup with china subsidies them getting 100% share at samsung on the galaxy s 25 was going to be a catalyst for better than expected near-term earnings. >> the time dilation, how quickly things happen in quantum leaps. and i haven't even becky i. the whole new metho

i'm a debt capital market specialist in the comptroller's office of public finance. also joined by carolina buford as a representative for the port of san francisco. >> before you here today are two ordinances. the first would authorize the issuance of refunding certificates of participation and or copies to refinance certain currently outstanding series of copies. the second ordinance is a supplemental appropriation ordinance which would appropriate the proceeds of the proposed refunding copies. >> currently there are two outstanding series of copies which could potentially be refinanced for savings. the 2013 b and 2013 c copies they can be called or refunded any day after march 1st, 2023 currently combined representing approximately 24 million an outstanding principal representing about 2 million and ongoing average annual debt service. from now through fiscal 2043 the 2013 b and c swaps were originally issued to finance a variety of capital improvements for the port of san francisco namely infrastructure improvements for the 34th america's cup that large sailing t

sit down for at least 54 people have been killed and dozens more injured after a suburban market near the capital with shell just a warning, disturbing them just are ahead. local authorities say many of the victims are women and children, shelly and cause widespread destruction to buildings in the area. the sudanese government has accused the part of military rapids support forces of carrying out the attack. the r s f itself has been commented as yet a home from us going to europe again, where a student protest in serbia has snowballed into thousands of people, not plumbing to block t bridge. crossing the done, you river the raleigh begun with hundreds protesting corruption involving construction contracts that lead to 15 that's in the country. second largest city, navi sub r, t correspondent nicholas for you, which has more. a children still have noticed, southern bells are the only matters if there's a box in all 3 branches, they noticed something as another form of pressure on the outside. if this is there, be able to fulfill their demands. never drawn by many, multiple sites is and residents

at least $54.00 people were reportedly killed and hundreds more injured after a suburban market near the capital, which showed a warning. these are disturbing images. the had local authorities say many of the victims were women and the children. the shelling cause wide spread destruction to buildings in the area listed in these government has accused the paramilitary rapids support forces of carrying out the attack. the are assessed hasn't commented the the current in defense ministry is intelligence agency has officially denied any involvement and anti government protests in slovakia. we officially inform you that there is no unit called the georgia national legion into structured off the good. as for the international legion of good, it is a multinational unit, and it does not carry out any hybrid actions on the territory of the states. so that's after as the prime minister robert fade. so choose the g u r n, and a tory as mercenary unit of the ukrainian military known as the georgia legion of conspiring and a recent wave of anti government protest in the u member states. how's that card the f

so done, or at least 54 people have been killed and dozens more injured after a suburban market near the capital was shell. just a warning, disturbing images ahead. local authority say many of the victims were women and children. the shelling cause widespread destruction to buildings in the area of the sudanese government has accused the part of military rapids support forces of carrying on the attack. the r s f itself. so hasn't come into this yet. a student protest in serbia has snowball into thousands of people are planning to block a t bridge. crossing the down you river valley, begun the tongue rich protesting corruption involving building contracts. but by the 15th that's in the country. second largest city, nobody side or 2 correspondents. nicholas feel rich, that's more or children's stuff. nobody. southern bells are. the only matters if is up. once in all 3 branches, they noticed as another form of pressure on the outside of this is there be able to fulfill their demands. never designed by many, multiple sites isn't residents, and nobody's tied to another place. this is certainly a feel

done where at least 54 people have been killed and dozens more injured off for a suburban market near the capital. a shell that warning disturbing images ahead. local authorities say many of the victims were women, children. the shelling cause widespread destruction to buildings in the area. the sudanese government has accused the part of military rapids support forces of carrying out the attack. the reset itself. how soon does he had commented a student protest in serbia snowballed into thousands, all people not planning to block a sheet bridge. crossing over the down the river, the raleigh begun by the way, with hundreds protesting corruption involving construction contracts that led to the depths of 50 in the country. second largest city. nobody saw people from across the country have joined the blockade with most risk beeping their horns in solidarity students. march the 18 kilometers from the capital of l grade. to honor the victims of the nobody saw a re weigh station collapse in november. demonstrators are demanding documents related to the reconstruction project be released on for those w

suit um for at least 54 people have been killed. dozens more injured and after a suburban market near the capital was shell. the warning, disturbing images had local authorities say many of the victims were women and children. the shelling cause widespread destruction to buildings in the area. the sudanese government has accused the part of military rapids support forces of carrying out the attack. the r s f itself hasn't come it. it's as all right, back to europe where a student protests in serbia has snowball the essentially the solid sins of people are probably the bulk a key bridge crossing over the done. you'd river the raleigh begun with hundreds protesting corruption involving construction contracts that lead to the depths of 50 in the country 2nd largest cities. all the sudden the people from right across the country have joined the blockade with most res, beeping their horns in solidarity students. march to 80 kilometers from the capital ballad rate, to owner, the victims of the nobody saw will weigh station collapse in november. demonstrators are demanding that documents related to the

market value. $75 billion in capital expenditure this year — a figure that surprised analysts and highlighted fore here's ritika gupta in new york. on tuesday. from both increased competition in the digital advertising market and a slowdown in its cloud computing business. in revenue to around $11.9 billion in the fourth quarter, in the september quarter. for their work. to maintain strength across its businesses as it spends more heavily on al. the company also announced that it also plans to invest as it continues to expand on its ai strategy. competition remains fierce. google cloud still trails behind amazon.com and microsoft in size. than expected growth last week. on tuesday the chinese authorities announced some non—tariff measures, one of which is an anti—monopoly but for context, google�*s search services have been blocked in china since 2010. was a given, the shock after our trade? was l a given, the shock after our trade?- was l a given, the shock after our trade? a bit more of a nuanced paint a bit more of a nuanced picture the drops address. picture than the drops address. the cloud

when adam smith wrote about the invisible hand of free market capitalism, he forgot to mention it's theeflexes, lousy coordination, and possibly even some kind of neurological disorder. the poor guy needs to see a doctor. in short, stock prices do not somehow reflect reality as if by magic. they're as much a product of perception on wall street and the mechanics of the money management business as they are product of the fundamentals. i tell you all this time about short squeezes. it's the mechanics of the market. it can't handle the short sellers. and by the way, this is why it's possible for you to beat the performance of the averages by investing in individual stocks. if the market worked perfectly, you'd never be able to exploit any opportunities, because the whole point of the game is that there are spots you can spot stocks that are mispriced because there are stocks that are mispriced every day. so why do i bring this up? because when the action is irrational, as i find it, often it can be frustrating. i want you to be able to take advantage of these moments where stock prices ar

and for more on all of this and its impact on the markets, joining me now is matt rowe, head of management at head of portfolio management at nomura capitalagement. matt, president trump has already ceded that there will be some pain to americans from these tariffs and of course market, big concern the market, the big concern is the market, the big concern is the ongoing to 7 s; be and how good these tariffs be and how long you expect the last well, that is big last w of that is big last w of the it is big question of the morning, of course, and there is always the question course, and there is always the auestio , ., , the cam aiun the camaian m in the campaign and that ” ' '" ' ” becomes you actually becomes policy. you have to add in the here, herewh|ch 7 here, which is "whereirwhichris within dimension here, which is within the that the the deal—making that the incoming president likes to in, you 77 7i7n7,7y7ou7c7o7uld 7 777 7 7i7n7,7y7ou7c7o7uld almost 7777 7i7n7,7you7c7o7uld almost see engage in, you could almost see a of policies as a removal of these policies as well at any point in time. so a removal of these policies as w is at

sedan where at least 54 people have been killed and dozens more injured after a suburban market and with a capital was shout a warning, disturbing images ahead. the local authorities say many of the victims for women and children, the showing caused a wide spread destruction to buildings in the area. the sudanese government has accused the paramilitary rapids support forces of carrying out the attack or assess hasn't commented. the, your band council is late a session on digital space and future technology was sidetracked by a ukrainian representative kids envoy of face to push back for ignoring the topic altogether and calling for the murder of vladimir putting instead. the best thing we can do is really to prepare and to, to fulton. that's exactly what we should do. i would not tell you about these a, just like, you know, thank you. thank you and colleagues, support these and thank you for these 2242. it means minus one. your role in price, of course, on in front i think is very important. we are looking for great investments. the best possible investment in the world today is 22410. thank you v

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of the price action, the inflows, what is the impact on the health of markets overall, and i guess you could expand that to capitalismjim: my friend mike green has been talking for years about passivity and the impact on markets and will it simply lead to disruptive events, meaning everyone going to one side of the boat and then the other side of the boat, so flows become much more important. i certainly hope that is not the case in extremis. it is certainly happening now. the fact of the matter is if we cannot differentiate valuations, it is all a matter of flows. then unimportant part of capitalism -- capitalism is broken. you do not want to be sending a lot of money to enron and theranos. you want to send it to the amazons. we hope the market starts differentiating between these beyond simple flows and narratives and positioning, and all the things that everybody watches now like a hawk, hour to hour. if not, we do not have proper capitalism. scarlet: what is the biggest risk in the next six to 12 months? jim: something i don't see, probably. by definition, it is the stuff that -- exactly. i think the political th

market. and you are the capital of a shell. the warning, disturbing images had local authorities say many of the victims were women of the shelling cause widespread destruction to buildings in the area. and the sudanese government has accused the part of military rapids support forces of carrying out the attack. the r s f itself has him, does. he had commented of this to europe, where a student protest in serbian, a snowball that the thousands of people are planning to block a t bridge. crossing the dumb, you'd river the rally, begun with hundreds protesting can corruption involving const construction. excuse me, contracts that late the 15 that's in the countries. second largest city. nobody saw breaking done what all this could mean r t correspondents. nicholas c o. 2 then. so if nobody, southern bells, ideally most of these are blunting all 3 branches, they noticed something as another form of pressure on the outdoor it is, is there be able to fulfill their demands? several design by many multiple sites is and residents of no