but what else can be gained? for example. but what else can be rained? , , , ., .,' gained?the biggest prize on offer at the moment is _ gained? the biggest prize on offer at the moment is the _ gained? the biggest prize on offer at the moment is the uk - gained? the biggest prize on offer at the moment is the uk is - gained? the biggest prize on offer| at the moment is the uk is seeking gained? the biggest prize on offer i at the moment is the uk is seeking a trade deal with the gulf cooperation countries. those six countries of which saudi arabia is by far the largest and most important. it represents a significant opportunity for the uk. we already have £60 billion in two—way trade and we are hoping to sign a trade deal with them given our departure from the european union. it is important we tie in with these other nations. there is a lot in it for the uk. you with a former ambassador to saudi arabia. what would you say is in it for the saudis? the arabia. what would you say is in it for the saudis?— for the saudis? the saudis are an im ortant for the saudis? the saudis

we saw that gain in the core consumer base with the lines gaining additional demand as we face widerroblems in the ind industry. the point of chrome is tied to the success of the education sector which has boomed since the pandemic. we see that as a growing market in the long run. it will provide assistance sales for the chrome book oem. >> apple is 50% year over year growth in data. and return to growth back to the office policy. how does that impact hardware? >> it will save a notebook versus a fixed desktop. this is beneficial for the desk sto desktop and fixed demand. it is trying to gain value through accessories or conference room equipment. all of the services in making the office as capable and efficient as possible. we see this as an upside and potentially somewhat limiting from the hybrid boom which happened in the pandemic. >> so many things are a double-edged sword. thank you very much for joining us. >> thank you, frank. >>> let's check on the headlines with nbc's frances rivera in new york with the latest. frances. >> good morning, frank. we begin with the familiar, but

the s&p notching back-to-back gains.it comes to the cloud, if we are talking about a cyclical slowdown if there is more ammunition to apply. shery: shaky competences there were getting closer and closer. the week demand, issue, deflation. even cpi expectations have been cut. we are expecting growth to come in at 1.9% from about 2% expectations by economists. we have seen despite measures on the monetary side, bank loans plunging. haidi: expectations are growing in terms of needing to do more from the pboc. take a look at interest-rate forecasts. most economists expect no change when it comes to the one-year lending rate as we get into the end of the third quarter, but we could see more modes to the point of rrr cuts. just this morning we had a front page saying the central big could consider cutting for commercial lenders in the fourth quarter of this year. the recent tightening of conditions in domestic money markets despite a cutting rates, remember cuts were more significant than expected, they are seeing potentially

shery: we are gaining ground, take gains gaining ground as bond yields are treated and we also have those regional lenders, rising despite the fact we saw the regulators are now planning more requirements for small and midsized banks. even the bank index saying it is the best in the month. we are watching u.s. job openings falling to the lowest levels since 2021 and that souring our market outlook for jobs getting fill in the confidence side of things. was confidence falling by the most in two years. those bets about rate hikes in 2023 being dialed back, we saw yields falling, the two year yelled below to 97 out. we saw wti rise above $81 a barrel in the new york session despite the fact we did have a russian flow soaring to two months high, it is a risk on session here in new york. haidi: that pushing down of expectations are at what we may see from policy makers coming 23 as well. that will be one of the key things as we get into the start of trading in asia, equity features are in the green, the most since june and the retreat in bond yields, a big part of that narrative as well, we se

the market again gaining ground here. two .2%, adding to the gains the session.t from every grant. a bit of confidence creeping in. we have tokyo returning. >> the key to 25 up i just barely over .3%. >> still, in excess of 20% gains for the benchmark. we could be a watch on the n. some expect in the end to weaken with the u.s. 146. some see going to 155. by that we mean goldman sachs. they do see the end headed in that direction. class we will now focus on india. now looking at is richest man. there was book about the changes during the annual shareholder meeting. across the board recommended that the induction and to the board of directors of reliance industry limited. i can proudly say that their strength through dedication commitment and hard work. quick let's get to him here. he is the conglomerate media reporter. this is a surprise here about the succession plan here. has it been greeted? >> there is a lot of clarity because as a key take away, he said he would be working for five more years and then he would be nurturing the next generation talent. he woul

do we expect to see this type of gain continue?o we have heard the news soon as you stop taking the weight loss drugs, the weight comes back on. this is going to have to be something people do for an extremely long period of time to continue to see these kinds of gains. i might take a little bit off the table and wait for a pullback to get back in. >> all right tim, your thoughts on eli lilly? >> i think the stock is expensive. they are not going 35% a year. i think they are best in class in the pipeline, also have alzheimer's. they have been selling upside calls for clients. they are not happy right now it's not going to hold these levels. >> 59 times four earnings. >>> the final trade. we got to get started. tim, start us off. >> yeah, we that energy conversation xle is higher. people were negative on the sector and think this is a momentum trade and unexpected oil move, that's why it stays higher and goes higher. >> julia, our expert on the housewives. >> i feel like you can have walmart at 25 times ebitda zero or google at 21 t

the capital gains tax in early 1921. and that's because people really had no idea what counted as a capital. is it your house? is it a car? as amity said or excuse me, as diana said, is it a painting. how do you deal capital losses? should treat the sale of appreciated the same way that you would treat cans of soup in a dry goods store. nobody really know as a result of extremely high capital gains tax that had no clarity, new guidance, no general and of what a taxable capital gain be there was a capital strike as julius said, basch founded prudential securities, which was my old before i founded my own, there was that market. there was huge industry of tax avoidance. let's face it, tax evasion and misallocation, capital, taking people's productive investments from the capital markets and moving them all into muni bonds. so i mentioned earlier that the equity markets had collapsed and to have this this allocation of capital in the bond market made things worse. so it was critical and it was a crisis and no one knew what

big gains so far a lot of history made this market year. we are looking at the bond market the 10-year treasury benchmark hovering below 4%. 3.97%. inverted yield curve is something to watch energy is coming off the best month since january of 2022. wti back above $80 $81.50 lower right now, but significant gains with oil brent crude at $85.25 natural gas is making moves up 1.25%. that is the set for the start of august now for the check of asia and europe is arabile gumede in our london newsroom. >>> good morning, frank. it is a story of gains in the month of july which was positive stateside. so, too, in asia the only dip is the nikkei in japan dipped marginally. remember last month where we saw the bank of japan tweak the yield curve control policy which had some influence on the market 0.5% on the negative and upside is where they decided to let things roll in japan the rest of the asian market is up hang seng is 6% higher in europe, we have a possiitive stance 1.8% gain for the dax in july. it reached the peak levels in yesterday's tra

gains this entire month.ial edition of "kudlow," i'm brian brenberg in for larry kudlow. republicans on capitol hill are demanding answers from the irs after th

we're talking three sessions of gains already. that trade was under pressure. but we are seeing resilience in today's session, especially when it comes to the korean won, which is trading at the 1320 level. the japanese yen, though, holding steady at the moment at the 146 level against the u.s. dollar. still to come, a look at how bond and fx markets are faring after jay powell signaled rates could stay high and may raise even further. we will speak to aletheia capital about their outlook for china's government, as the country continues to struggle with the property crisis, and lackluster growth. that is it from "daybreak: asia." our markets coverage continues as we look ahead to the start of trade in hong kong commission jay and shenzen. standby for "bloomberg markets: china open." this is bloomberg. ♪ i may be known for my legendary football career, but truth is, i love a bunch of sports. the only trouble is knowing where to find them. that's why i got xfinity. so, i can easily find and watch whatever sport i'm into all in one p

it's gained 211% year-to-date. 241 and by the way, this morning it's at 237 and climbing all day. is the exuberance around this name and what it can do for ai really warranted? >> well, the ai revolution is very real thing. we're seeing it in startups, seeing every single company we invest in and we invest in 150 startups per year. every single one of them is using ai either internally to get gains or incorporating into the products like the possible revolution you saw every single category of service or product be poured into your smart phone and before that, every single service get ported to the web. same thing is happening right now. so the need for compute is amazing and we found a way to have these chips get utilized in the world. there was a long period of time when it was really no way to leverage all of the cpu power, the things we needed more of were bandwidth, storage and battery life. it'll change everything in terms of how we live and it's happening i would say companies are about 30% more efficient. l

since last friday, it has gained about 1.7%. the broader indc has seen a 1.7% gain, as i said, but that still does the not push it into the green for the month. how about the nasdaq? it's on pace for its eighth gain out of nine sessions with salesforce leading the way, up 2.4% for the nasdaq over the last week when you bring in starting friday. so let's talk about -- the. [laughter] crm, yeah ors salesforce. the enterprise software giant beat on both quarterly top and bottom line estimates and gave a sunny current quarter revenue outlook driven by the velocity of its a.i. products released to customers. ceo marc benioff invoking the company's, quote, a.i. transformation. and, by the way, during the earnings call a.i. was mentioned 103 times. yes, i counted. if that included q&a with the analysts, but still. in fact, if it wasn't for is salesforce, the dow would actually be much deeper in the red. crm at the top of the blue chips right now. wells, jeffreys and truist all hiking their price targets to $275 a share. bofa is at $280

on fox news, clay traci, charly arnolt and tomi larhen interviewing riley gaines.men are not interchangeable with men, whether it is in a locker room or in competition or it comes to having children. basic biological differences with men and women are the reality of life, we're seeing this push that men can just say they are women, and be you know stripped dignity from the women's locker rooms and steal their titles, will leah thomas who competed against riley gaines was ranked in 4 hundreds in men's national swimming and decided to swim with women's team and started taking wa away their records this happens in high school where young at le l athletes are not able to get their stoll -- sho scholarship. >> first let me show you, first lady jill biden. saying, i want every woman to know her voice matters, and her boldness it beautiful, it is up to us to draw strength from the past so our daughter's future can be be anything they want it to be, riley gaines tweeted to that saying this: >> mollie? >> preach it, it interesting she has come to this understanding how impo

gains of more than 2% on the hang seng. there are questions as to how long the rally can be sustained. investors looking forward to the official pmi's later this week. we are also focusing on some of the moves in the japanese stock market. it is being boosted by the exporters themselves being boosted by the weakness in the japanese currency. this is on the back of the governors comments at jackson hole sounding dovish. he said there is a slow price growth in the country, slower than doj's target. -- the boj's target. host: thank you to bloomberg's april hong in singapore. time for our morning roundtable. i am joined by james in beijing, mark in singapore and maria in brussels. getting deeper into the china story, we are seeing stocks on the mainland and in hong kong surging after this announcement of more stimulus. the stamp duty on stock trades is a shot in the arm. can it last? >> it is a good question. this has been rumored for a couple of weeks. you are seeing a rise domestically because of this expectation and now you

where both countries can gain.ffs that were introduced under trump that are not national security —related would be helpful to both companies. -related would be helpful to both companies-_ -related would be helpful to both comanies. , ., , ., companies. joanne, really good to net our companies. joanne, really good to get your insight- _ companies. joanne, really good to get your insight. thank _ companies. joanne, really good to get your insight. thank you - companies. joanne, really good to get your insight. thank you for i get your insight. thank you for being with us. from today, london's controversial ultra low emission zone has expanded. it has gone from an area covering the city centre to the whole of the capital. it will become the world's largest cleaners zone and means that owners of the most polluting vehicles will have to pay £12 50 a day whilst driving in the area. there are clear benefits for health and air quality but the policy has also sparked concern about how it could affect businesses in the capi

we did see tech gaining ground.e saw the 10 year yield headed towards that for 10 level, given that we are digesting the latest economic data, pointing towards moderation. we saw the fed cooling down a little bit, but, overall, the nasdaq 100 seeing one of the worst months since december or so, but take a look at how we are trading in the oil markets because we are under a little pressure but still about that $83 a barrel level, giving we gained ground in the new york session. we had seen reports that russia may be preparing for further opec must cuts. -- opec-plus cuts. haidi: all of this not really adding to a strong set up for this friday, the last session of the week but also the first of september which has been a challenging august for asian stocks after their worst monthly drop since february this year. and all of the uncertainty over china continue to add stress. today we see that disruption, as expected, from the super typhoon saola. we just saw that confirmation from hong kong exchange and clearing, announ

nasdaq is leading the way with a 1% gain. (♪♪) i was having relationship issues with my old bank.t to no interest, the fees sfx: [typing] it was just take, take, take. so i broke up with bad banking and moved to sofi checking and savings. now i get higher interest, pay no account fees, and get my paycheck two days early. get up to 4.50% apy, pay no account fees, and up to $2m in fdic insurance. download the sofi app and earn up to $250 when you set up direct deposit. sofi. get your money right. ah, these bills are crazy. she has no idea she's sitting on a goldmine. well she doesn't know that if she owns a life insurance policy of $100,000 or more she can sell all or part of it to coventry for cash. even a term policy. even a term policy? even a term policy! find out if you're ing on a goldmine. call coventry direct today at the number on your screen, or visit coventrydirect.com. >>> welcome back coinbase asking a judge to dismiss the suit brought by the s.e.c. coinbase just reported a narrower than expected loss and were optimistic on the earnings release, shares up a fraction of

gaining momentum is receiving orders is developing new directions. what the president drew attention to the growth of wages is largely caused by a shortage of labor force people have to be interested in a high level of wages according to putin this is not the best way to affect the situation of small and medium-sized enterprises according to rosstat in june, the maximum growth rates were shown by industries related to release computers, optical and electronic products motor vehicles trailers and semi-trailers finished metal products slight decline in the production of medicines and wood processing these industries. according to the president. it is necessary to lend a shoulder, as the head of state noted, the growth of indicators by 2/3 is provided by the defense and related industries and by 1/3 by the growth in consumer demand. at the same time, despite the need to support defense, the industry has maintained the volume of funding for infrastructure development programs. we are in in january, they predicted with great caution the growth of manufact

tore through july, to talk about the monthly gains, the fifth month of gains on the s&p 500. 3% gained in july. the longest streak on the s&p, slight outperformance on the nasdaq. it changed toward the end of the month but the nasdaq outperformance, it was up by close to 4%. with the standout winners, small caps up 6%. vanke's on the s&p 500 up by 10%. we have left -- banks on the s&p 500 up by 10%. we have left margin moved on quickly. lisa: the story that will come to the four is oil. the biggest gain going back to january last year in terms of monthly basis. at what point does the start to bite as people talk about the tightness in the market and the fact it might have been distorted by people not wanting to own physical oil because it cost something, opportunity cost of not putting your money in a money market fund? jonathan: i am pleased to read join--reestablish a connection with patrick. my apologies for the connection. if you are not trimming tech, where are you trimming? patrick: i have been overweight oil all year, so it is not been a good call for me. but with more oil consu

haidi: what does creative planning have to gain? su: a lot. a custody banking relationship with goldman so they view this as an extension. creative planning is run by peter, he has written several investment help looks. he wrote a pair of books with well-known motivational speaker tony robbins. who was the chief of investor of psychology, that was his title at the firm. creative planning already had a relationship with goldman and peter told bloomberg that an expanded partnership with goldman is quote a natural strategic fit. haidi: su keenan. let's take a look at the day ahead for australia and new zealand and the governor is set to speak later on. central banks and climate change. watching the imf saying new zealand central banks should consider raising interest rates if the government fails to cut spending as planned. chevron's lng plants in australia could begin next week, unions giving notice of industrial action if the company cannot reach an agreement with workers. we will have more on the story as well as implications for market pricin

this is over the nih and gain of function research at wuhan lab.in 2021, in front of the senate committee, nih was not funding gain of function research. so much evidence has to come light, that is what was happening, indirect funding or funding, we do not have an answer from china where covid came from. shocker. >> ashley: they go at it every time there is a hearing, that is a story in itself. talk about what do you know, anheuser-busch. >> cheryl: the story that will never go away ever. sadly for anheuser-busch, this company lost millions in market cap. they have lost customers by the tens of thousands and now selling some of their top brands to make money and make up for losses at bud light. shock top, blue point, breckenridge is selling to till ray. anheuser-busch has laid off jobs in the u.s. 10% revenue loss from anheuser-busch, u.s. profit down over the dylan mulvaney partnership. this continues to go wrong. i was saying yesterday, what amazing me about the bud light and dylan mulvaney controversy, it has not gone away. usually it dies down

tech leading the gains in the s&p 500, which rose for the fourth time. tesla game in the most since march. we are watching the dollar swinging between gains and losses, finishing unchanged. oil falling and continuing to feel the pressure in the asian session. we do have more signs of a rebound in supply. take a look at the treasury space. volumes were quite low, 75% of activity. that is leading to big moves in the yield space. two year yields rise in about 5%. if you are looking at the inflation protected treasuries, yields pushing over 2% for the first time since 2009. the 30 year also, a 2011 high. a major shift as we are seeing the ads of recession in the united states receiving. let's turn to our top story. softbank's semiconductor unit arm has filed for an ipo seeking to list its american depository shares on nasdaq under the symbol arm. it could be the largest in the u.s. this year and could be among the biggest tech listings ever. let's bring in liana baker. this could be a welcome relief for softbank's founder. >> we will not know how this ipo wi

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but there _ it seem to be gaining traction. but there are — it seem to be gaining traction. instance, ofgem is currently banning acquisition only tariffs. _ currently banning acquisition only tariffs, which means that basically suppliers— tariffs, which means that basically suppliers can only offer deals to new customers if they also offer them _ new customers if they also offer them to— new customers if they also offer them to their existing ones, and that was— them to their existing ones, and that was it — them to their existing ones, and that was it limited to frese discounting near the peak of the energy— discounting near the peak of the energy crisis with now that means that suppliers have no incident to offer _ that suppliers have no incident to offer the — that suppliers have no incident to offer the best pricing possible because — offer the best pricing possible because i was a from a business point _ because i was a from a business point of— because i was a from a business point of view, what would you offer your existing customers a cheaper deal than — your existin

guest: it was very significant gains during reconstruction. black workers were seeing positive economic gains, but as we all know the implementation of jim crow legislation had walked back a lot of that progress during reconstruction. other discriminatory policies that were enacted during that time, including redlining and even when we think about the g.i. bill and how many black veterans were systemically excluded from the benefits of homeownership, those benefits, we see that the long casting shadow of economic inequity has its roots specifically during that time. >> the march -- host: the march on washington, what were the economic messages that dr. king and the other speakers were trying to get through to americans and american lawmakers? guest: the march on washington for jobs and freedom, a lot of the demands were largely economic. some of their goals included national minimum wage that would give all americans a decent standard of living and a more inclusive, fair labor standard act, which would include all areas of employment and emplo

england will help to gain _ surprise a few. england will help to gain strength - surprise a few.d l surprise a few. england will. help to gain strength and unity from criticism. the team spent four years preparing for a world cup, just 17 days out, the players are still reaching for something. to cricket and while it might not have made the news all over the world onjune 13th this year scarlett hale became the youngest international umpire at the age ofjust 18. she officiated at a t20 tournament in rwanda. our reporter lewis coombs has been to meet her to talk about the path she's taken in cricket and her ambitions to umpire at the highest level. i love how i began is different. you are always involved playing. i liked being faced with challenges, my hardest decision is if i wear a jacket or not, really. fit, hardest decision is if i wear a jacket or not, really.- jacket or not, really. a rising star cricket _ jacket or not, really. a rising star cricket umpiring. - jacket or not, really. a rising | star cricket umpiring. already been officiating matches for six years. take me bac

i find it difficult to _ gain. do you agree with that? i find it difficult to agree _ gain.ain. do you agree with that? i find it difficult to agree with, in - gain. do you agree with that? if�*ic it difficult to agree with, in the sense that i'm not quite sure what the expectation is, like people in our situation or similar situations are supposed to do. i understand that there are quite rightly help funding for those on the lower wages, but those on the middle ground who don't have savings of those amounts, we both work long hours... i'm not sure. i understand the long—term plan, but in the short term, you're talking about people potentially losing their homes and that surely is going to have a knock—on effect. these aren't people with a dream home, these are people, normal people, and i think at the moment that is not acknowledged when talking about the attitude of all being in it together. if talking about the attitude of all being in it together.— talking about the attitude of all being in it together. if this does ha en, being in it together. if this does happen. if _

enter the maximum possible speed and gain a foothold on the first street.set, they corrected the tanks, they entered, they dispersed, they dragged the infantry there, they cleaned out the inhabitants, they entrenched themselves and i called the road of life, because the steel detachments of the group of the golden star on his tunic went along this road. personal merit, but artur orlov does not separate personal success from contributions to the victory of their subordinates for any general military commander of the state fence, which is the award of the personnel it was they who showed courage , showed courage and heroism in carrying out tasks. this has always been said and will continue to be said. i am very grateful. documents for the kazan tank school i wanted to wear a uniform, i wanted to command personnel , manage and carry out tasks. i liked the technique. i liked to communicate with people , set tasks for them, and for me, this particular profession is, as it were, my life, he was born and grew up in the udmurt village of kizner, as he himself says,

stocks fluctuated between gains and losses. we ended the session down for the s&p 500. it was a tough month. the first month slide since february. one sector rising westech. we have yields continuing the downtrend. you can see the 10 year yield. this says we continued to get reports pointing to moderation with a mixed eco-data. the smallest back-to-back increases since late 2020, encouraging consumer spending, but all of this i had a dog u.s. jobs markets. we are watching dell surging after better-than-expected earnings. the nasdaq also had a tough month. the worst month since december. oil prices under pressure, but this after rising for six sessions. russia breanna and further opec+ cuts -- agree and to further opec+ cuts. shery: the jobs report the next big focus for markets. let's bring in our global economics correspondent. we have the preferred gauges of inflation today, also more eco-data. what are we expected in terms of the jobs numbers and what it means for the fed? >> the jobs numbers are supposed to confirm the slow down in the labor market. you are probably

that is a .50% gain. similar move for ice brent crude. $85.48 >>> now to the top story and two of the most important stocks in the market apple and amazon moving in opposite directions as you can see here this morning, after two very different quarterly reports, apple is down by 2%. amazon is up 8%. let's stick with the apple side of the story first the stock is under pressure in the pre-market after the third straight quarter of falling sales. the longest stretch since 2016 the management is warning the pressure could continue in the current quarter and if it falls one more time, that would be the longest revenue losing streak going back to 2001 apple is down 2% in the pre-market arjun kharpal is in london with the latest on the story. arjun, how much is just about the iphone side of the business? we thought the growth side was services and that seems pretty good >> absolutely, dom the market wasn't expecting blockbuster earnings given the 50% run-up in the stock. they wanted apple to show stability. whi

korean peers also gained. the australian market erased losses due to tech and financial affairs dropping, but energy shares day of a boost and the market is slightly higher bid. in china sentiment remains fragile, as there is elevated concern over the country's major developer country garden's liquidity situation. we're looking at onshore and hong kong trading in negative territory. we could have positivity from alibaba's earnings latest today. analysts expect the company to post the fastest growth in a year thanks to some consumer recovery. the taiwan ai rally seems to be taking some heat, after disappointing july sales from ai server companies. dani: charlotte, thank you very much. that bloomberg intelligence piece yesterday that a country garden default would be worse than evergrande causing a lot of concern in u.s. markets, too. let's get to our morning roundtable and top stories. we start with reporter valerie tytel with a preview for what we might expect from cpi today. where do we stand, what's expected

and gained $12 billion in new revenue. number for a state with no income tax. common sense is convinced that when you rely almost solely on high income earners to pay the bills, like california, it's akin to drawing an inside straight where even if you occasionally win, it's a bad bet. let's bring in reformed california chairman carl demaio, carl great to have you on as always, i guess if you have 1% of the population paying half the taxes you tend to get yourself in a bit of a pickle sometimes. >> yeah when i tell people in california we are so dependent on that one percent where it's 50% sometimes even two-thirds of our revenue, income tax revenues coming from that 1% they're astonished. what that study also shows is that while we're seeing wealthy residents flee california and new york, guess who's replacing them? poor residents. which means at the time that you're losing tax increment you're seeing a surge on demand on well fair programs and public assistance. this is the perfect storm in california and they don't seem

swimmer riley gaines will be here. was just attacked again, a trans activist even spitting at her during a ceremonial bill signing in texas. first i think right here on the show we did hit a nerve at the biden white house. apparently they are watching this program last night. thank you all for watching at the white house. triggered by this interview with the speaker of the house, kevin mccarthy. >> when you move to an impeachment inquiry, it empowers congress. republicans and democrats within their subpoena to be able to get the answers they need. we have found time and again we haven't seen anything like this since the nixon administration. using their government to shut down any time we had a question. i would think that the biden family would want to clear their name. >> sean: i really -- it means a lot to me that the biden white house is watching the show but they are clearly terrified of what is very real impeachment inquiry and joe biden's white house is now lashing out and accusing speaker mccarthy for what he s

the stoxx 600 overall gained yesterday. you are seeing decent gains .30% for ftse mib and spain.p 0.3%. the cac 40 is lagging. smi in switzerland is lagging. dax is up .20%. breaking it down into individual stocks, there is one notable name moving higher. nn group it is up 10%. investors pleased with the cap at that time generation in that -- capital generation. you have adecco seeing selling pressure down 1.6%. from the sector perspective, a tilt toward basic resources and real estate. basic resources up 1.3%. china is the big news with the chinese authorities cutting the stamp duty in half trying to reinvigorate the market and get investors to put money to work in china. now we have u.s. commerce secretary gina raimondo announcing washington and beijing will launch a series of working groups aimed at easing trade tensions and export controls. this comes as part of the visit to beijing where raimondo is holding tax wit talks with busi leaders and officials. sam filed this report. >> reporter: u.s. and china have agreed to improve the move during the secretary raimondo's trip to

that's going to be something to contend with given the week gains we have seen -- weak gains we haveglobal strategist at j.p. morgan asset. great to have you with us. we of course are reacting to the u.s. credit rating downgrade. how significant is this, when you have the second downgrade after smp in 2011? now you have the average rating getting lower. does this affect any of the investment vehicles which are rating sensitive? >> i think it maybe does, to a certain extent. when you look at the market role broadly -- more broadly, it still represents a flight to safety of there is a risk out there, the implications outweigh a lot of what you are seeing and how investors are trading. that is what we saw the last time we experienced a shock. i don't think it is as meaningful at the moment given the other risks that are out there. >> we have seen credit spreads and various markets already tightening significantly. do you think this accurately reflects the current macroenvironment? >> if you look across a range of assets, some are thinking more about a recession down others. -- about a r

new gain flingngs. seriously y good scentnt. and nonow, 50% morore fr. new gain flingngs.t's l love at firirst sni. >>> we're following some major financial news with big implications if the u.s. economy. >> the credit rating agency fitch has now downgraded america's credit rating from its highest rating to aa-plus. still pretty good but this is only the second time the u.s. has been downgraded in our history. >> let's bring in business and data reporter brian cheung. first, we need a lesson on what a credit rate zmrg basically a way to assess how reliable a borrower, a government entity like the united states can pay its bills in full andn time. and prior to yesterday we had a perfect aaa rating from fitch, what fitch said, we're going to downgrade that by a notch to aa-plus. they see grid lock in washington as a big concern for potential future negotiations for things like the debt ceiling which we had two months ago, there was grid lock between the white house and also congress and the ability to raise the debt ceiling to issue more debt to keep the lights on in this co

a 3% gain over the past two days.ven-week rally at the moment taking a bit of a pause going into the end of the week. the reserve bank of india has left its key interest rate unchanged for a third straight meeting as expected by all economists surveyed at bloomberg. setting aside more cash to mop up excess liquidity. it's maintained growth. projections for the fiscal year ending march 2024 but raised in some -- raised its inflation forecast. the governor said the significant progress has been made when it comes to inflation but floods and monsoon rains pushed up food prices. kathleen: joining us to discuss this and put it in perspective is the executive director for india. -- the imf executive director for india. what's the message from the are b.i.? >> very good evening. it's a pleasure to be here. i think the reserve bank has signaled very clearly that inflation may be a temporary phenomenon. in india especially, about half of headline inflation comes from food inflation. which itself is driven more by supply-side f

we have lost the gains that we made.conomist shares his outlook following the cpi report. this is bloomberg. ♪ wow, you get to watch all your favorite stuff. it's to die for. and it's all right here. streaming was never this easy, you know. this is the way. you really went all out didn't you? um, it's called commitment. could you turn down the volume? here, you can try. get way more into what your into when you stream on the xfinity 10g network. it's an amazing thing when you show generosity of spirit to someone. and you want people to be saved and to have a better life, then you don't stop. the idea that we have saved five million people's lives, it's overwhelming. it's everything. you can see the u.s. dollar index now coming back up. it had been down, it is only gaining .3% -- .03%. nymex prude losing one dollar 27 per barrel. john, what are you watching? >> i want to circle back to a story the global markets were watching before we got the inflation data today and that was news around travel curbs in europe. lvmh shar

, there are gains to be had.e are gains to be had. there are undoubtably, _ are gains to be had. there are undoubtably, you _ are gains to be had. there are undoubtably, you can - are gains to be had. there are undoubtably, you can make i are gains to be had. there are undoubtably, you can make a| are gains to be had. there are - undoubtably, you can make a strong argument for lots of economic lines with lots of countries, but then you also have to take into account what the cost of that would be. and what the cost of that would be. and what the cost of that would be. and what the cost of that is going to be in human rights terms and in international relations terms. we cannot get away from the fact that this is a man who is part of a regime with a dismal record and the war in yemen is something we should be protesting loudly about as well, and, you know, you cannot simply say we do not like what you do, as long as you are a trading partner. we have to be making it absolutely clear that in return for a trade we w

riley gaines is next. ♪ businesses need 5g solutions today. for business. mlb partners with t-mobile to not only enhance the fan experience, but to advance how the game is played. aaa relies on t-mobile's network to stay connected nationwide, so they can help get their members back on the road. and we're helping pano ai innovate, to stop the spread of wildfires. now's the time to see what america's largest 5g network can do for your business. stuart: breaking right now senator diane feinstein taken to the hospital in san francisco. lauren: she was checked out by the hospital introductory she fell inside of her home. she's been released in here is a statement from her office, senator feinstein briefly went to the hospital yesterday afternoon as a precaution after a minor fall in her home all of her scans were clear and she returned home. she's 90 she's been dealing with health issues recently, shingles, paralysis on part of the phase that are absent from the senate for three months in her daughter has been given power of attorney. stuart: we wi

that's gaining a lot of attention to traders.aded by retail investors this week. on pace to close at an all-time high the online travel agency raised its third-quarter forecast for gross bookings on pent up demand. back to you. liz: i got pent up demand to get $23,000 fisker. gm has been trying to do that. chesler too. edward lawrence, thanks. the apple shares down 4. 5%. when we get back, we show you an intraday and much more ahead. ♪ 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? ♪ ♪ ♪ i have type 2 diabetes, ♪ ♪ but i manage it well. ♪ ♪ it's a little pill with a big story to tell. ♪ ♪ i take once-daily jardiance, ♪ ♪ at each day's staaart. ♪ ♪ as time went on it was easy to seee ♪ ♪ i'm lowering my a1c. ♪ jardiance works 24/7 in your body to flush out some sugar! and for adults with type 2 diabetes and known heart disease, jardiance can lower the risk of cardiovascular death, too. jardiance may cause serious

the 10-year yield extending the gains that last week took it to november highs.lso have $100 billion worth of options that need to be digested by the market this week. in the asian session, a bit of upside oil prices, up 0.6%. a bit of downside pressure in the new york session despite traders being concerned about disruptions in the black sea. we didn't feel that in the new york session. we are seeing a little bit of those in the asian session. annabelle: you mentioned palantir. when it comes to the asian session, it is the big earnings announcement coming up. this chart is looking at the vision fund income. you can see clearly here, five straight quarters of losses. it will be possibly that optimism that we have seen around ai, something that has really helped boost the valuations of its portfolio companies in the vision fund, that could left the company to a small profit when softbank reports results later tuesday. one of the results we are watching in this part of the world. let's look at broader equities. because we are looking ahead to a mixed start. chinese

he had gained a lot of respect within— he had gained a lot of respect within the _ he had gained a lota lot of respect- within the military, and also across parliament, — within the military, and also across parliament, and _ within the military, and also across parliament, and grant _ within the military, and also across parliament, and grant shapps- within the military, and also across parliament, and grant shapps is. within the military, and also across parliament, and grant shapps is al parliament, and grant shapps is a very different _ parliament, and grant shapps is a very different political _ parliament, and grant shapps is a very different political beast - parliament, and grant shapps is a very different political beast and i very different political beast and he is _ very different political beast and he is seen — very different political beast and he is seen as— very different political beast and he is seen as much— very different political beast and he is seen as much more - very different political beast and he is seen as much more partyi he is seen as much more party pol

use things like minors gaining, homebuilders gaining two things that might make for more stimulus inanother strong session despite the session yesterday. maybe stocks are moving a different way. overall, the session we saw was you will see a noticeable uptick for the end of the day. we did start higher. he stayed there, but this was the jolt data that helped with u.s. stocks. also helping europe, rising tide lived in all boats. u.k. story as to why the u.k. really did outperform. u.k. government officials are scrapping eu arrow rules about where you can build homes. they are making it easier. previously, you could not build on lands that had runoff water. but they will now allow homebuilders to do that and that means about 100,000 extra homes by 2030. good news for homebuilders like persimmon, up about 5.5% to perhaps just do not drink the water around you in one of those homes. rifles downgraded by morgan stanley saying there is competitive pressure. those shares falling. careefour -- carrefour losing some of its market share to its competitors. at the same time, there are also loca

yvonne: our the top stories this morning, stocks making modest gains. banks current interest rate cuts. crypto assets in focus as a u.s. appeals court gives grayscale a green light for its coin etf. the rally in been vast auto shares from $83 billion in market cap for the ev maker. david: it kind of made sense given the run-up we have seen their post listing. we are doing well at risk assets. nearly 1% up on the benchmark. a lot of it has to do with the continued rally in the chinese markets. within tech, volumes are surging. we are up nearly 3% if you measure this specific one from friday. with think chinese markets, volumes are picking up. we are also looking at volumes picking up here in hong kong, not so much in china. northbound flows are positive. the yen is slightly weaker. we had some monetary policy. speaking of inflation, soft inflation print out of australia earlier leading to the dovish. yvonne: when you have data suggesting things are starting to slow down and obviously in australia's case, really takes out the whole discussion if there are

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we see broad-based gains throughout the session.ssing, chinese banks could be required to cut mortgage rates and deposit rates. this china boost sentiment in the country amongst them. let's just change, i want to take you look at those in particular. some names across japan indonesia and korea. it is really the reflection of some investors liking the sound of the investors. haidi: watch on that for what happens with the chinese economy. still to come, our exclusive interview. we will get more on the company's flicking -- fleeting travel demand outlook. that's next. this is bloomberg. ♪ shery: boosting the fleet with more fuel-efficient aircraft as part of the sustainability push. it's get more details from yvonne man, who spoke exclusively to the president in taiwan. yvonne: apart from the fleet that they are looking for, there is so much to talk about. you mention he has seen a doll. he started out 37 years ago, first as a flight attendant and then he trained commercial pilot and president of this airline. the travel industry seems