cathie: meta is interesting to us.k zuckerberg is prioritizing artificial intelligence as opposed to the metaverse, which was really what he was focused on last year. so yes, we are interested in meta's play. don't have it in the flagship but we have it in other portfolios. caroline: is to go back to where we started at nvidia, is there any entry point that gets you back in? you have been selling out the other funds a little bit perhaps with a profit you have recently taken in the runoff of the last couple of days. anything that makes you go, it is not going to be disrupted in the way we are worrying and we won't see the supply chain wreak havoc? cathie: i think for a price i would say. we tend to think we are going to have a harder landing than most economists do. if the cycle were to hit it and nvidia surprisingly gets hit hard by cycles because the inventory builds up and i would say we are in one of those right now, they are so spectacular. if we have the combination of a correction and recognition by the marketpla

cathi: this is our rent history.ng was becoming a struggle for the retired couple on a fixed income, so they started researching tenants' rights and made a major discovery. their building falls under the city's rent control laws and their landlords, they say, never told them. cathi: we thought, "whoa, they've been doing this for 28 years." and then we--i don't know about you, i felt a little foolish. i said, "we never questioned it." steve collier: they had had years of increases that were beyond the permitted amounts under the rent control law. hilda: steve collier is a managing attorney at the tenderloin housing clinic. collier: they had over $90,000 in illegal rent increases over the years. hilda: the wongs struck a deal with their landlords outlined in this agreement. it paid the wongs about $28,000 and rolled their rent back to $550 a month. ben: we signed it in good faith and thinking, "okay, that's all right. we'll just take that." hilda: but the victory was short-lived. just two weeks later, they got a notice

_ four, cathy and christian? what is happening on tiktok? in - four, cathy and christian?nation. they have been- — having fun with the coronation. tie: have been. somebody having fun with the coronation. tie have been. somebody who having fun with the coronation. tie1: have been. somebody who has having fun with the coronation. tie1 have been. somebody who has gone global is penny mordaunt, this image in particular has gone global, she is the lord president of the council, an ancient role, but she was the first woman to present us all to the king. lots of people are talking about her strength to do that. she had to hold them for over one hour. she said in the interview that she had done push—ups to help her prepare, but dan walker the bibby that —— the uk tv presenter said get her into the olympics. emily thornberry said that the sword bearer stole the show, saying that she looked damned fine. it is bearer stole the show, saying that she looked damned fine.— she looked damned fine. it is the naval training _ she looked damned fine. it is the naval training with _ she looke

and cathie wood was complaining about nvidia's valuation.not high given that she famously have a $3000 price hike for tesla, 75 times tesla sales. and she thinks bitcoin can hit $1 million in the next decade. so high valuation is not something she should complain about. i think if she stays quiet it might not be that bad but not if she comes out with her defense, it just numbs across very weak. manus: you're also quite skeptical. you talk about the valuations, 25 times sales, and you would say in her defense she's interested in the next nvidia. you are quite scathing on that, you say it is nothing more than an afterthought in the ai battle. that's quite brutal. shuli: i tried not to be, but unfortunately the macro conditions have changed. arc funds did very well when the fed was pumping a lot of liquidity into the market. nowadays, things have changed. we have a recession looming, the fed is done with rate hike -- the fed is not quite done with rate hikes. investors have come around to the potential of ai but they want to play it safe as wel

it's hilarious cathy ladman i love you [ cheers and applause see cathy at the throckmorton theater in.. i i thought ththere would bebe a lot morore kombuchaha. ...and a l lot less bubusin. ... i i thought ththere would bebe a lot morore kombuchaha. inner voicice (graphicic dedesigner): a as a new ... i i thought ththere would bebe a lot morore kombuchaha. smalall businessss owner.... ...i've lelearned thatat trg to be ththe “cocool” b boss. smalall businessss owner.... ...i.is a lot haharder when n e actualally the “stresseded” bo. inner voicice (furnituture maker): i i know everyrytg ...i.is a lot haharder when n e actualally the “stresseded” bo. abouout my new furnrniture busisiness. ...i.is a lot haharder when n e actualally the “stresseded” bo. well, , everythingng except.. ...t.the whole " “busineness” . not t anymore. w with quickbkb, ...t.the whole " “busineness” . you can n confidentltly managege your busisiness. ...t.the whole " “busineness” . new busineness? no proroble. ...t.the whole " “busineness” . yeah.. succesess starts w with intutuit quickbobooks. maman: i'm not slow

cathie: tesla is roughly at $200.s, 2027, it will be a $2000 stock if our research is correct. importantly, autonomous technology takes it there. if we are not right on autonomous, we still think that tesla meets our 15% compound annual rate of return hurdle requirement, which means it would be at least a $400 stock just because of the massive shift toward electric vehicles during the next five years. shery: we know that elon musk has been meeting with the top leadership in china. what do you make of that visit and how important is this market? cathie: elon has always said he has been so impressed by the political leaders in china. he goes into the cities and the mayors of cities very often are engineers and they know exactly what he's talking about. i think he thinks china is very fertile ground to become an exporter of tesla vehicles, as it already is. that is very high-end exports which china wants. of course it wants ev's to proliferate in china, but it has its flagship byd and many other companies. the other reas

that is not who cathy was. cathy was just doing her job, head down, doing her job, and she noticed these withdrawals out of an account that she was unaware of. and at first it shocked her. she didn't know what to do after a few days, she then alerted superior, which is that the late mayor burke. and then that's how they investigate and launch notice that i didn't say cathy was suspicious and launched her own investigation that's not what she did she stumbled upon this cathy and people like cathy don't even necessary identify as a whistle blower in the general sense, they're not. i'm going to see if i see it, i'm a saint. that's not who she was. she just sort of stumbled upon it. the whistleblower is sort of a subset of the accidental category, but the no whistleblower is person that is among a team, and their team has decided to either turn a blind eye to something or they're engaged in something unethical. and that noble whistleblower steps outside of the group and blows the whistle. and they have to. don't al

you mentioned earlier about cathie wood's portfolio.ooking at her top 10, she has names we would not even go near because the quality of those businesses in this new regime will face more headwind than tailwinds. even within the tech space -- if you look at our top 10, you see we have nvidia and microsoft, asml, but it is a very selective subset of the tech market. and we do not believe that everything else within the tech space is going back to where they were, just like before the interest rate hike last year. so i think going forward, this is what we expected yesterday. you have nvidia going up so much for the most -- but the rest of the market has not reacted as much. dani: the producer is yelling we are out of time. what are those names you wouldn't touch? stephen: i need to be careful of that, i'm just looking at her top five holdings like zoom or tesla. we considered owning them and i don't see us owning them in the near future. dani: ok, thank you so much. congratulations on i'm sure on what i'm sure is a very solid performance

cathie, an hinu to keep it under control. cathie, anything you _ to keep it under control.'t do all ofthe us more. i certainly didn't do all of the work. _ us more. i certainly didn't do all of the work, i _ us more. i certainly didn't do all of the work, i promise! - us more. i certainly didn't do all of the work, i promise! i - us more. i certainly didn't do all of the work, i promise! i have . us more. i certainly didn't do all of the work, i promise! i have a| of the work, i promise! i have a kind _ of the work, i promise! i have a kind of— of the work, i promise! i have a kind of running _ of the work, i promise! i have a kind of running commentary- of the work, i promise! i have a. kind of running commentary with tricia _ kind of running commentary with tricia so — kind of running commentary with tricia so often _ kind of running commentary with tricia so often i _ kind of running commentary with tricia so often i will _ kind of running commentary with tricia so often i will walk- kind of running commentary with tricia so often i will walk in - kind of running comment

cathie wood, famously, big investor in tesla was on bloomberg tech. listen to what she had to say.deo clip] cathie: the company that gets a person in an autonomous vehicle from point a to point b as quickly and safely as possible is probably going to get the lion's share of the market and that will be, in the u.s., we believe, tesla. matt: she is betting on robo taxis. something for the future but we are focused on the here and now. we have auto reporter keith naughton with us out of detroit. talk about what this means for ford. it seems like a great deal for drivers of the ev's that they can charge at the supercharger stations. keith: absolutely. it is a big win for ford. clearly, that is what investors are saying. ford started the week with an investor day that did not move the stock at all. this deal has moved the stock a lot. we are kind of at the betamax, vhs moment with electric car charging this country and ford chose tesla. this could open the floodgates. jim this morning was saying it is now on general motors and others to make the choice. jon: simplicity always helps, i t

namely cathie wood what do you make of that >> i have a thought, frank when chatgpt came out, it was november where it was new and it went viral in december we were looking at this and thinking is this a gimmick what does it mean for the tech firms and the companies able to monetize a.i.? clearly nvidia got a boost wood sold her stake in january on nvidia. it rallied 17% from the october lows you think that is a reasonable gain to have take that money off the table. that is perhaps what she did i'm sure she was thinking about the interest rate situation if you think back in january which was a different picture for interest rates people thinking the fed may go more aggressive. what does it mean for tech stocks the nasdaq held its own. perhaps she was more circumspect and that went behind the question of valuation of nvidia at the time. what happened with chatgpt and what happened after cathie wood was the arms race with the global tech companies in the u.s. and google with bard a.i. also in china with baidu and other tech giants looking at their own chatgpt rivals maybe that is somet

stuart: cathy woods ark investments dump entire stake in nvidia earlier this year before the big rallyder if any of them have sellers remorse. we have a report. if you want to be successful, do not work from home. that's the message from an nyu professor. watch this. this. we missed it. we were going to have it and soit's a very good sound byte ad get to it later. i promise. tomi lahren is out of the house and walking across stewed joe and will join us -- studio and will discuss get out of the house. thanks, tomi. ♪ ♪ ♪ the biggest ideas inspire new ones. 30 years ago, state street created an etf that inspired the world to invest differently. it still does. what can you do with spy? ♪ ♪ if you have this... and you get this... you could end up with this... unexpected out-of-pocket costs. which for those on medicare, or soon to be, is a good reason to take charge of your health care. so consider this. an aarp medicare supplement insurance plan from unitedhealthcare. why? because medicare alone doesn't pay for everything. and what it doesn't pay for, like deductibles and copays, could rea

cathie wood's flagship arkk fund dumped nvidia stock right before the chipmaker's blistering $560 billion rally. plus tech stocks propel asian , markets higher as u.s. futures stall before key u.s. inflation data today. 2-year treasury yields snapped 10 days of gains. let's check in on these markets. futures pointing higher in europe. gains of .4%. the blistering ai powered rally yesterday really focused on the nasdaq closing up with gains around 2.5%. the s&p also ended higher by point eight cents. the dax futures are pointing to gains of .3%. the ftse is flagged higher. retail sales data coming out, slightly more robustly in the u.k.. the ftse 100 currently flat. let's give it a few seconds to reflect the pricing. showing gains of .2%. the spanish ibex adding 13 basis points gaining about .1%. stateside, we are looking ahead to the pce indicator in terms of the inflationary impulse out of the u.s.. that is now as traders price and a full 25 basis points coming through in the next two meetings , june and july from the fed. so much for that pause. the claims data, job claims data was revi

that was part of our interview with cathie wood discussing tesla.ticking with the eeev maker, elon musk is in china for the first time since the pandemic where he met with the nation's foreign minister and emphasize the importance of maintaining ties with china. let's bring in craig trudell for more. this was a meeting -- but where the key messages that came out of elon musk's visit to beijing? >> per year intro, that was one of the things that was universal in this readout from both sides -- an emphasis on the need for u.s.-china collaboration and it's no wonder that's a major point of emphasis on the part of the foreign ministry. given with what has been happening with chips and electric vehicle batteries, you had other leaders and joe biden making efforts to wean the global auto industry off the reliance on china for batteries. also chips, a big emphasis on building up semi conductor supply outside of asia, whether it's in the u.s. or germany. some real challenges on the part of whether biden or olaf scholz, getting companies to agree to this cha

a spoiler alert if you have not seen it yet but last night tricia and cathy won the £20,000 cash prizerain company which mostly run services in northern england and parts of scotland is to be taken over by the government. customers had complained of bad service and cancelled trains. time now to leave you with ten seconds of alligators. an island in alabama where a man spotted a massive alligator in the shallow part of the ocean. a snappy situation. you are caught up, bye for now and have a good evening. hello, i'm marc edwards, from the bbc sport centre. coming up on our programme: late drama from the old lady — juventus equalise at the death in their europa league semifinal first leg clash with sevilla. record breaking for the rajastan royals — 21—year—old yashasvi jaiswal hits the fastest half century in ipl history. a shock in the eternal city as sofia kenin stuns second seeded sabalenka in straight sets at the rome 0pen. hello, welcome to the program.

ed: cathie wood joined our program in asia overnight and has moved to focus -- from focusing on nvidia and has led to the next big bets. >> we are really happy that investors who own benchmarks like the nasdaq and qqq still own nvidia. they own it in some of our performers but we are onto the next thing. nvidia is a hardware stop. sure it has some software, but the history of hardware and software is the bigger beneficiary over time is going to be software. ed: i think you notes investors are looking to move money into software which can mean a broad range of things. cloud, sass, enterprise. what areas of that sector interest you? >> they are going to be many. the adoption of ai into software tools cost multiple markets is significant. we own a company called swamp -- swunk. they are a big data analytics company and ai will play an important role there. from nvidia's perspective, the tie in of software is critical to what they are enabling their customers to do. it is also why there gross margins are going up. it is why we see hardware and software to be more and more tied over time wh

why cathie wood may be regretful over selling of one stock we'll be right back. woah. ( ♪♪ ) ( ♪♪ ) ( ♪♪ ) ( ♪♪ ) constant contact delivers the marketing tools your small business needs to keep up, excel, and grow. constant contact. helping the small stand tall. and this is ready to go online. cany questions?t. -yeah, i got one. how about the best network imaginable? let's invent that. that's what we do here. quick survey. who wants the internet to work, pretty much everywhere. and it needs to smooth, like super, super, super, super smooth. hey, should you be drinking that? -it's decaf. because we're busy women. we don't have time for lag or buffering. who doesn't want internet that helps a.i. do your homework even faster. come again. -sorry, what was that? introducing the next generation 10g network only from xfinity. the future starts now. >>> welcome back to "street signs. we have spent the week discussing the debt ceiling negotiations in the u.s. with more positive signs coming from the u.s. administration overnight. it is having an impact on the u.s. markets

. >>> now time for three stock stories in the morning cathie wood adding to the ark etf and ark innovation etft. is up 50% since it reported this month where it boasted a second straight quarter of profit and potential for revenue uptick related to a.i shares are up this morning shares of zoom video higher after the company posted ticking down after the company reported for fiscal q 1 and revenue increase zoom ceo saying the results reflect growth following a 9% increase in the customer base. the cfo will have more coming up on the interview at 8:40 a.m. on "squawk box. and capital management built up a stake in yelp. it is looking at options including a sale it is among the five biggest shareholders and is suggesting that yelp could be sold for $70 a share. share prices up 13% this morning. >>> and coming up, what tiktok is doing to ease national security concerns as it get set for a legal tied in montana. >>> and jamie dimon with the regional banking sector. that is all coming up when "worldwide exchange" returns it starts with a grill. but it becomes so much more. an extension of your h

cathie wood's tapped out of it but saying it is exquisitely position when it comes to ai. we will hear from the ceo justin long in taipei, speaking at a conference at the top of the hour. we will see what more he could say to continue his rally. rishaad: people say that the chinese recovery is uneven, but i'm trying to find out where the other stories are. profits over the weekend, 20.6 percent fall. for the same timeframe, 2022. this cements this post covid economic rebound faltering. exports and imports showing this, investment is sluggish. it is broad-based rather than uneven. i don't know. yvonne: there was a bit of a correction, 18 point 2% down but definitely still shows that it is bad. april was -- rishaad: for the first quarter and then the 18.6 is taking us to the end of april. yvonne: there is a correction but it showing the same thing. pmi numbers will be telling about how bad the soft and hard data is going to be, but industrial profit numbers, there saying you've got to see some stimulus now if there is any more indication of if we need it or not. rishaad: gen

i remember cathie wood who did not participate in any of this nvidia move because she closed out her position in january. valuation was the reason why, it was too rich, too expensive. well, low and beheld, here we are, and the stock has had a tremendous run since then and the day after earnings it was actually cheaper from a p/e perspective than it was going in because of the projected earnings and the guidance the company just blew everybody out of the water with. at what point do you say the way i looked at valuation may not be the way i need to look at valuation from here. i underestimated the capabilities of ai and the stocks and maybe i need to rethink this >> i think you bring up a really good point i'm surprised cathie wood said that the es have been exploding you pointed out nvidia, cheaper today than after earnings. i think we see nvidia as a major beneficiary. the story is yet to be told on some of these other companies on what the benefits of ai are going to be for them from an earnings perspective is that ultimately going to be a tail wind or is that ultimately going to b

they'd get me on that in a moment. >> cathy z says pretzels dipped in mustard.anything with caramel. sudeen. frozen yogurt bars. rafael, snacks on chips ahoy. apples with peanut butter. michelle monty says chips and french onion dip. remember the french onion dip in the super bowl parties and how good it is with the ruffle chips? that is a snack worth having! awesome stuff. thank you, all, jonathan, marianne, jill, carl, kevin, and thank you for watching america's late news, fox news @ night. i'm trace gallagher in los angeles. we'll see you right back here tomorrow night. and i've been doing rusty parts for over 50 years consistently, it has outperformed everything we've ever used or sold here. this stuff is the most phenomenal stuff i have ever seen introducing super zillah. >> it's the three and one amazing cleaner lubricant and penetrating oil that works in a 100 ways to save time, trouble and money. when the owner of super celadon kettles got a call from his church about vandalism to its walls, donchak showed up and saved the day with super zillah. >> hi, i

cathyed wood -- cathie wood sold all of her nvidia, so it just seems like it's a really complicated thingterms of your type of clients who want to use your platform to make their best choices. before i let you go, what are we missing or what could be the next big move out there? >> well, charles, just one point the that as well. i mean, i think that in the short term you really have to be focused on the fundamentals, and the pact that nvidia rallied because hay beat their own guidance because they are showing there's demand on the back of this yearning for a.i., i think, is a good sign. it's hard to say where it should be trading right now, but with you really have to keep that in mind when you're looking at more progressive tech and the companies that are bringing it into their business strategies. we look at the market, we think the economy is slowing, however, the economy still seems to be quite resilient even though it's slowing down, so we're still a big fan or the barbell of quality risk and defensive investments because, you know, we're cautious at this point with the stock market.

1/8 finals of the belarusian tennis player, france lost to the 102nd racket of the world american cathy valynets. in two sets with the same score of 3:6 in the future, alexander expects the second grand slam of the season in the belarusian futsal championship , the first finalist was determined in the next match of the semifinal series, the capital beat the gomel bc on penalties. the score in the series is 3:0. the opponent of the first finalist will be determined in the near future, in the second semi-final duel the teams of vrz and minsk meet, while the advantage is on the side of the factory workers 2.0 open championship of the country in rhythmic gymnastics, started in minsk, the best belarusian, russian graces take part in it, more than 200 athletes from two countries will compete for medals in individual and group exercises. the tournament will end on saturday, may 20, with finals in individual events. it's very good here. breathing here, it hurts. it's quiet here, well, i'll find myself living khomyakova and belarusians, arrest cunning. when i moved here to live in the village, t

he's cathy trying not to say the words, donald trump, he doesn't mention him by name with donald trump. of course, having him cool. haven't cold him going to sanctimony is so we clearly have a battle going on, but it is an on equal match for the nomination of the republican count for the presidency or for the presidential candidates. because donald trump is way ahead in the republican polling, he has about the beds of voters in the us that seem to really back him whatever he does particular amongst the conservatives. so it would be interesting to see whether one desantis can actually out trump trump, uh, be more extreme, more conservative, or when he doesn't end up being pressed into really develop his own profile. and he's not very possible a tool that is something he's that of an appeal bustle for him. how can he reasonably be expected to? well, trump, trump, when we know that's a winning formula for trump, why? and how will he make that distinction as well? what he does have, and this is something he's going to be tapping into today when he sits down with you don't mask, he has the

rishaad: that is cathie wood talking with us earlier.at it year to date it is up 27%. last year, down 67%. if you take the two years, down 76%. she is looking to the next thing, software. >> if we look at mark of all her etf's, -- ark of all her etf's, four of them still have nvidia so i do not think she misspoke on nvidia. she bought it when it was at rock bottom and has been holding it for a long time and as an active manager you do need to take profits at some point so she still holds nvidia in her companies but the interesting fact is despite her funds going down she has gained assets so despite being down 70%, at her assets have increased if anything because as her share price drops, people viewed it as time to buy. so when it launched in 2014, it was up 700% at the peak a lot of people did well and traders buy and sell this on a daily basis. yvonne: tell us about the interview you did with her. she is looking past nvidia at the next wave. where are the opportunities for her? >> the ai space. she is into tesla and her big take is a

cathy eawe— welcome back, everyone. cathy eawe-tnat— welcome back, everyone. britons feel less proud of the uk britons feel less proud of the nt-tnew— britons feel less proud of the nt-tnew trt— britons feel less proud of the uk .they did five- britons feel less proud of the uk they did five years ago. uk than they did five years ago. aaaarenttw— uk than they did five years ago. aaaarenttw atea. — uk than they did five years ago. apparently also, 68% of people teet— apparently also, 68% of people teet tnat— apparently also, 68% of people teet tnat tne— apparently also, 68% of people feel that the uk— apparently also, 68% of people feel that the uk is generally in teettne— feel that the uk is generally in teettne .— feel that the uk is generally in teettne . ca— feel that the uk is generally in decline . cor blimey, that's decline. cor blimey, that's gntte— decline. cor blimey, that's gntte a— decline. cor blimey, that's gntte a ntgn— decline. cor blimey, that's quite a high statistic . almost quite a high statistic. almost toa— quite a high statistic. almost t

please cathy— the hard working taxpayers. please cathy says. rishi sunak met— please cathy says.e things about eetts-t-m— like hearing nice things about boris, i'm backing rishi. boris, but i'm backing rishi. tte— the conservatives haven't a smeutett-s— the conservatives haven't a snowball's-in- the conservatives haven't a snowball's in hell of snowball's chance in hell of ettemmg— snowball's chance in hell of obtaining retaining a lead obtaining and retaining a lead teteut— obtaining and retaining a lead teteut .— obtaining and retaining a lead over labour . thank you for over labour. thank you for these.— over labour. thank you for those. please— over labour. thank you for those. please keep them coming in. those. please keep them coming it. me— those. please keep them coming m. the gtetet— those. please keep them coming in. the global messaging service whatsapp— in. the global messaging service wmetsuep eeutt— in. the global messaging service whatsapp could soon come to mews— whatsapp could soon come to tteus utm— whatsapp could soon come to blows with the _ whatsapp could soo

and some people sold their position with their big chunks of nvidia like cathie wood.are setting up for a week of political risk in both the houses in congress in terms of joe biden and mccarthys work of the floors. will they have the vote? i want to show you something which is manifest for the fed. the jobs report. the issue here is do we get a sub 200,000 reading? bloomberg is 185,000. what will the wages be? the swaps market right now is batting that you will get a 25 basis point hike in june and possibly one in july. all eyes on the jobs report. as the report -- but the debt ceiling will be the pervasive topic. it is the moment for congress to act and deliver. we will talk when people come, they say they've tried lots of diets, nothing's worked or they've lost the same 10, 20, 50 pounds over and over again. they need a real solution. i've always fought with 5-10 pounds all the time. eating all these different things and nothing's ever working. i've done the diets, all the diets. before golo, i was barely eating but the weight wasn't going anywhere. the secret to lo

caroline: that brings me to a conversation we had with cathie wood talking about it being proprietaryisn't to say that everyone is coining a term or using and referencing ai no matter what part of the industry or what kind of company you are. ed: you make an interesting point on proprietary data and referencing the term. i went through every one of your earnings transcripts for the last year. 74 mentions of ai in the earnings call when four hours ago. in the same quarter one year ago, 16 mentions of ai. in the quarter previous, 58. how much pressure are you under to talk a big game around ai? guest: i don't think it's a matter of pressure. we state and our business, these are the types of discussions we have with our customers today. our business up until several years ago was concentrated more on -- suddenly with ai we covered the entire journey of the customer. we spent the last several years deploying ai capabilities in our platform and today it is one of the two things that are driving our business. the shift to the cloud and earlier than that, the ai. we see it as the greatest op

request that was the chief investment officer and founder, cathie wood. in the next hour, the head of asia research is showing the market rallied too much on ai. we'll have more on mark matthews coming up. and we'll look at how the debt deal will impact the u.s. dollar with the head of excess research. the market opens in sydney and tokyo are next. we just look at the nikkei futures, up more than 2%. maybe we can expect some nikkei fireworks was that market opens. keep it right here, this is bloomberg. ♪ when i was his age, we had to be inside to watch live sports. but with xfinity, we get the fastest mobile service and can stream down the street or around the block! hey, can you be less sister, more car? all right, let's get this over with. switch to xfinity mobile and get the best price for 2 lines of unlimited. just $30 a line per month. i should get paid more for this. you get paid when you win. from xfinity. home of the 10g network. >> this is daybreak asia. counting down to asia's major -- major market opens. u.s. stock futures are up. nikkei future

i get a sense that maybe cathie wood has a big smile on her face. thank you, abigail doolittle.ll, nordstrom and we get the fed beige book at 2 p.m. after of the jobs number. the house of representatives convenes at 2 p.m. new york time. first votes on the debt deal are expected around 3:30 p.m. in the last one is expected at the -- at 8:30 p.m. for more what to expect, let's go to washington. where do things stand? kayley: we are waiting for the vote that will likely happen late this evening. the bill which would raise the debt ceiling and cap government spending for two years is expected to pass. they are going to lose votes on the far right in the republican party in the far left in the democratic party but is expected this will pass through the middle. the bipartisan problem solvers caucus has promised to back the legislation. hakeem jeffries was just speaking and says republicans need to deliver 2/3 of the caucus and democrats will make sure the government does not default and they will deliver the rest of those votes. this has to get through the senate as well and it's a q

and then they get to this road that they called phase line cathy, and it's this big east-west road thatust to get to that road, it took them all morning, hours and hours of fighting, like every step of the way they had to fight. >> spread out, (indistinct), spread them out! >> like you're running down the street and you can hear the bullets ricocheting around you, like bouncinoff the street, coming off the concrete. (rapid gunfire echoing) and then it ops, and you, you get up to this area that the fire was coming from, and there's a marine scout team up there and three dead insurgents in the road. ♪ (soldiers shouting) >> whoa! get down! >> whoo! yeah! (loud explosion, glass shattering) >> first house we cleared was a little bit of chaos. a lot adrenalin rushing. fortunately, there was no insurgents in the house, but it wasn't exactly how we planned. there was a lot of people in there, we were congested, and that's not how we do things, but we wanted to make entry and... in fallujah, the safest place you can be is inside a cleared house. >> and now we're in this house on a corner, and w

or cathy when they introduced you the the five wishes. i worked for a hospice care in boulder, colorado for almost ten years. and we used we when it first came out, we used five was wow a so i'd like for you to can you just touch on your development of that and happy to thank you. five wishes in is an advanced directive i tell in the book after that moment in college got, i then became more and more involved with the sisters and ultimately one is one of the most important things i was doing for mother was running interference her while she was opening aids homes in the 1980s that disease was spreading like wildfire and people died precipitously and so the poor had nowhere to go. and so mother opened aids homes. so i worked in one and i was and mother asked me to again. i was shamed into it because i didn't want to do that. but i was seeing women do it. these sisters were doing i'm like way they're doing it. i can do it, you know. so i ended up i ended up living in the aids and from those experiences i wrote five wishes, which is an direct

when it came to appaloosa, they initiated a position in cathie wood's arc innovation etf, and also with tesla. these filings are from the end of q1, so it is unclear whether they have already profited from this trade. dani: it is interesting seeing someone looking at a construction company that set it is ai. the hype is alive and well. i started off talking about how berkshire hathaway said he liked japan stocks and the entirety of the market move. what did we learn about their positioning? >> he has been clearly cooling on u.s. regional bank stocks. of the four exited holdings, two were regional banks, bny mellon and -- i don't find this surprising after he had been publicly scathing of management of regional banks, saying he is exiting positions because the ceos are prioritizing earnings over basic banking principles, he said that at his agm last week. but he has been trimming holdings since third quarter of last year, probably accelerated the exit given banking turmoil in march. he has initiated holding of capital one. when it comes to big banks, he is a large folder of bank of ameri

coming up, cathie wood of argument that is joining bloomberg tech.ing loss and helped me find the right device calibrated to my unique hearing needs. now i enjoy every moment. the quiet ones and the loud ones. make a sound decision. call 1-800 miracle now, and book your free hearing evaluation. caroline: this is bloomberg technology. tech is on top. diving into the ai rally. nvidia, also kathy

bloomberg intelligence team has highlighted, given if you take a look at what we heard, essentially cathieo the stock, as our team said, before it was cool. they have made a lot of money out of the company so far. it's just that they essentially missed out on this most recent rally. haidi: intel is another name missing the retail -- ai rally. annabelle: this chart looks at the big moves we had in the philadelphia semiconductor index on thursday. that was in spite of 7%. this is what came in for the intel stock. that one slumped around 5.5% at last close. you can see at the bottom of the screen. whats driving these moves is concerns that there are a lot of budgetary changes coming for intel and also companies and how they are putting their money into this new technology that is prompting this budget shifts -- these budget shifts. the main thing is from -- they say -- from wedbush, they say the results are mixed. it comes down to the core advantages. given nvidia controls about 80% of the market for chips, it seems that intel has catching up to do. haidi: annabelle with a look at some of the

guy: cathie wood so that one coming. she did a little while ago and out she sold out just as this happened. we will putting those pressure -- those questions to her later. trying to understand why she took back some of those bets in an extraordinarily outperforming stock. this is one key area you have to keep an eye on. the ceo has nvidia tattooed on his arm and he built the business. it was back in 1993 but managers to leverage new types of technology in making sure there just those joyous pictures you get turned into code and interaction. this is clearly a company that people cannot get enough of that the moment. guy: i look forward to hearing what kathy woods'responses when she gets that question from you later. nothing to talk about on the technology show but caroline hyde will be coming up in about 19 minutes time. the next set of earnings calls, you are thinking about how you will deal with your next set of earnings. how many times will you mention ai? it could be the seven words that will generate a decent stock t

if you listen to cathie wood who missed out on this rally, she says it is all about software.ow do you see that divergence? why is it the microsofts of the world, and not the people building the technology that is necessary for this? lucy: it comes back to the point of yes, have nvidia but look at the other players. those are the suppliers, offering software as a service. we have seen teaming up with nvidia for its advertising content. dani: we get this problem where every company says they are doing ai. the algo's love it. how do you separate that from actual ai application versus someone saying we are just topping on this bandwagon? lucy: it is really difficult to define ai, that's the whole problem with the g7 leaders met yesterday to form some idea of how to regulate it. it is embedded in everything we do. regulation is key. there are fears about his power being unleashed. but companies need to look to use ai. there was a letter of caution in the ft, about the corruption of truth. there are suspicions. manus: the one thing driving markets, jamie dimon says he wouldn't be i

clear is whether they'll retain this dominant position as the other semiconductors race to compete cathieood from ark invest who's one of the pioneer investors in the tech world, she sold out in january and tweeted earlier this week. i don't know if you saw the tweet. at 25 times the expected revenue this year, nvidia is priced ahead of the curve she's not keen on the stock. >> she sold alphabet you've got hits and misses in this case, she missed out on the latest spike in the price. but the stock is still up 180% year to date incredible at the same time, the big catalyst for this is they were going to beat their own revenue guidance by 50%. many analysts say they haven't seen anything quite like it. being of that magnitude, it's simply unheard of, and that explains a lot of the performance. >>> coming up on street signs, the bond yields tick lower as french inflation slows on the 'lbeig bk. wel rhtac it's hard to run a business on your own. make it easier on yourself. with shopify, you can have everything you need to streamline your shipping, returns, and product storage, so you can focu