sonali: j.p. morgan writing the ai music.ou for keeping an eye on what has been a long and exciting investor day at j.p. morgan. we will be back with more coverage. stick with us through the break. this is bloomberg. ♪ sonali: highflying wall street arbitrager has died at 87 years old. david westin his here to discuss his legacy. david: i did not know him personally although my law firm represented him. i remember when our partners were summoned to new york to meet with him clandestinely in his apartment. it was a big thing at the time. he was really an inside trader as it turns out. the law had not been enforced much before ivan boesky but it was with him. he ended up pleading guilty. he was sentenced to three years but only served two. he also paid a $100 million fine. he agreed to turn state's evidence on other people, particularly michael milken. he was an important force in michael having to plead guilty. sonali: the idea he helped the government out at the end of the day. david: in order to get a reduced sentence. in th

j.p. morganheir annual investor day. jamie dimon got a question about mike mayo about his plans and where succession might go instead of using that phrase that he's often jokingly used of five more years, he decidely said not five more years. the bank is well on its way to the success planning. he said that this is up to the bank's board and that he still has the energy that he's always had. he put on the iteration of putting on the jersey. he's up and excited to do that. but this brings in the question of the time line that we see for the potential succession there. annabel e: we saw a shovel in the ranks. he said the process is well underway. bre: that's a yelly good question. the next could -- question would be who is up? today it was hearing from all of the j.p. morgan's top lieutenants. some of the people that we heard from today include jennifer peepsack and are in the commercial investment bank as well as marion lake who has been there since 2021 and has sole control of that segment. we he

tom: he will keep playing for j.p. morgan. when it comes to his legacy, he hit back against regulators again. it is not new but he has been the most vocal. host: when it comes to strict capital requirements, we are in the fallout of svp. a lot of people said maybe banks need to be cushioned. a depression kind of rhetoric, jamie dinan saying more reserves means less lending. it hurts the economy. two thirds of consumers would have to pay a monthly service fee if current proposals were implemented. the fact that they were having reports from the wall street journal that proposals are pulled back on colleague's behest is a good sign indicative of the influence he has. not only running the largest bank in the world. he gets on the field and gets involved in policy and buybacks. tom: the stock dipped on that comment. thank you indeed from our markets today 18 anchor indeed in the succession plans at the bank. here is what we're thinking about today. the annual general meeting of shell, any lines crossing for that, later today in em

the answer is j.p. morgannagement. katie: well, the mad max and garfield movies setting a memorial day record for all the wrong reasons. this weekend's boxx office numbers with the worst in three decades as the movie industry tries to regain its footing in the post-covid economy. abigail doolittle joints me now with more. abigail: we will take a look at those numbers in a moment, but first let's take a look at entertainment stocks on the year. i max, healthy. cinemark, also higher. to the downside, amc. if we dig deeper into imax, tons of theaters out there. so much for the death of the theater. they are on right now at nearly 1800. we can see that if we take it back to 2017 it's a tremendous amount of growth for imax. an impressive number of theaters for the company. as for that memorial day weekend , it's not impressive for sure. hollywood grossing just 132 million, down from 203 million in 2023, about the same amount in 2023 -- 2022 going back to the boxx office. take a look at the numbers going back to the

j.p. morganealth management has advisors in chase branches and tools, like wealth plan to keep you on track. when you're planning for it all... the answer is j.p. morgan wealth management. ♪ >> muted moves in bhp, off by half of 1% after anglo-american rejected a second approach. the takeover would've made bhp the largest copper producer. let's bring in paul allen hunt. this has not one over the anglo-american board. paul: the -- the -- the offer is now up to $43 billion, but yes, the response was bhp's approach undervalued the company so that includes copper. where the risk came from has been the structure of the deals so as part of the deal, they would be required to spin off its platinum metal business and iron or business in south africa. getting approval and regulatory green lights to spin off those parts of the business as soon -- are seen as key risks. anglo said it could take a long time and was not worth it for shareholders. management are under a lot of pressure. anglo has failed to kee

j.p. morganfriend of the show may be retiring sooner than expected the 68-year-old attended j.p. morgan chase investors meeting on monday when he said the timetable for retirement is not five years anymore, maria spoke with him earlier this year about a potential successor. >> you lead j.p. morgan masterfully and congratulations to you i know you have three or four more years on the contract but of course you think about succession, do you have in your head who you would like to have as your successor? do you know? >> it to the point decision but i think the board has five people or six since they know the ones i do it in bigger quality and we think about it every day. >> the latest, in response to about the succession plan actually. president biden said the campaign trail with stops planned in new hampshire and massachusetts biden will speak on the pack act before heading to boston before two campaign receptions this is immigration is a top voter concern, and boston their planning to spend $3,20

the answer is j.p. morgan wealth management. jonathan: equities down by 0.4%.ittle softer in the bond market yields over by two basis points. a game changing ev. >> i think china has a troubled economy and they are using the power of the government to try to win in the clean energy arena. do i think it gets advantages and it's unfair competition? do i think at $13,000 car you can drive to miami from new york is a game changer in terms of clean energy? i also think that. jonathan: stelantis announced bringing an affordable jeep. the hybrid can travel from new york to miami on a single charge. they will invest more than 800 million into new ev battery technology. what does the white house say when consumers ask i want that car and i want it for $13,000? >> the biden administration would say they are looking for this kind of production in the u.s.. they are looking for more fruits of the investment into manufacturing including green vehicles to take fruit here and make these less expensive models here. we heard the stellantis ceo to bring the jeep here. a $13,000

j.p. morganmanagement has advisors in chase branches and tools, like wealth plan to keep you on track. when you're planning for it all... the answer is j.p. morgan wealth management. nd of paper in there the answer is and i had 20 grand of gold, a paper ain't going to make me any money. so i just bought it because it's my insurance policy. if you'd like to learn more about why physical gold should be an important part of your portfolio, pick up the phone and call to receive the complete guide to buying gold, which will provide you with important, never seen before facts you should know about making gold purchases u.s. money reserve is one of the most dependable gold distributors in america. ed: welcome back to bloomberg technology ed ludlow in san francisco. caroline: let's check on these markets. there is a little bit of concern as we had to an important week for economic data. we have pce, housing data strong. mastec is on the higher side at .27 but europe is off. we have a thinner liquidity. a

j.p. morganealth management has advisors in chase branches and tools, like wealth plan to keep you on track. when you're planning for it all... the answer is j.p. morgan wealth management. jonathan: live from new york city come equity futures on the s&p 500 positive .1%. just about unchanged on the 10 year. in the commodity market down half of 1%. iran's president killed in a helicopter crash. >> a shocking event in one of the most important countries in the region but the immediate geopolitical implications may be quite limited, assuming iran does not blame outside countries or forces for this death. there on lengthy to significantly -- they are unlikely to significantly change iran's foreign parsley but it is -- iran's foreign policy but it is early days in terms of the blame game. jonathan: iran's news agencies have confirmed the president and foreign minister have died in a helicopter crash. the chopper went down on sunday in an area covered with dense fog. bloomberg's africa and middle east

j.p. morganh management has advisors in chase branches and tools, like wealth plan to keep you on track. when you're planning for it all... the answer is j.p. morgan wealth management. ed: welcome back to bloomberg technology. caroline: let's check in on these markets because there is a wait and see feel to the broader indexes. we hit record high after record high on the dow and on the trusted tech benchmarks. the nasdaq 100 holding on to gains as the set of numbers come out after the bell. nvidia key to market capitalization and the optimism around ai for the rest of the benchmarks. looking at the u.s. 10 year yield trading flat. also fed minutes coming to pass through for the market at lunchtime about dutch up about 1/10 of 1% as we anticipate another spot etf. this one linked to ethereum. let's move on and look at what's happening from a macro perspective across the pond. currently still holding on to gains why was it up versus the u.s. dollar because the cpi print coming in actually hotter th

j.p. morganlysts in the chase app. when you've got a decision to make... the answer is j.p. morgan wealth management. you know what's brilliant? boring. think about it. boring is the unsung catalyst for bold. what straps bold to a rocket and hurtles it into space? boring does. boring makes vacations happen, early retirements possible, and startups start up. because it's smart, dependable, and steady. all words you want from your bank. for nearly 160 years, pnc bank has been brilliantly boring so you can be happily fulfilled... which is pretty un-boring if you think about it. ed: these are some other stories we are following. reka is a producer of large language models and would enable snowflake to offer ai capabilities. it was valued at $300 million in 2023. ingram micro is preparing to move to ipo, that could raise $1 billion. they are considering seeking a valuation of $10 billion. the company has been working with goldman sachs and morgan stanley. microsoft avoids a u.k. antitrust probe for it

thank you, jason hunter of j.p. morgan. up next, we are tracking the movers. >> could it be, amd a better stock pick than nvidia? i will explain that argument and more, next. >>> we are less than 15 minutes from the closing bell. back to 1019 for the stock that she is watching. >> move over, nvidia, analysts want amd instead. they think shares have climbed a lot, while amd could see a bounce from its new launch later this year. shares up 2%. canada goose earnings were more than two times greater than expectations. enough to offset the fact that the code maker withdrew long- term targets amid more challenging consumer spending environment that has caused the direct to consumer and wholesale business to not have performed according to expectations and yet the stock is soaring 16%. scott. >>> still ahead, sparking recession fears after weaker than expected guidance. we dig into what it might mean coming up and as we move out we look at the major averages. we are all trying for another record close. dow, thiwis ll be a fight to

the answer is j.p. morgan wealth management. larry: not my choice.ill ask next guest what happens if mr. trump were convicted in new york city, there is a new york city jury, on s set jonathan turley. walk us through, you know not my favorite scenario. if he is convicted by new york jury, what might happen? >> well, they first have to go through sentencing, after a conviction there is recommendations on sentencing put forward and arguments on that, that could take as much as 90 days, depends on where the cour court is, then to gets sports once sentenced many judges will commit you at that point. this is not your normal case. merchan said he does not want to make special adjustments for this case, but that would be crazy, he is -- has one of the most novel and baseless cases, this case is nuts, evidence stands in contradiction to what bragg is doing there is a very good collapse on appeal that this could be overturned. larry: appeal takes a long time. >> it does but are you really sending former president, a presidential candidate to jail. if he goes

j.p. morganlth management has advisors in chase branches and tools, like wealth plan to keep you on track. when you're planning for it all... the answer is j.p. morgan wealth management. katie: time now for social climbers, a look at the stocks making waves on social media. first up, crawled straight gaining social traction -- crowd strike gaining some social traction and a firm said it could be the next company to go over hundred billion in market cap. we have paypal reportedly planning to start its own ad network using the data it collects on millions of users. the financial service site also hired uber's former head to run the division. we do have t-mobile agreeing to buy u.s. cellular's wireless operations and some of its spectrum assets for nearly $2.5 billion. that deal expected to close it in mid-2025. for all of the latest buzz, file on the bloomberg terminal. we have headlines from minneapolis fed president neel kashkari speaking at an event saying he thinks the odds of raising rates are

the answer is j.p. morgan wealth management. craig here pays too much for verizon wireless. so he sublet half his real estate office... [ bird squawks loudly ] to a pet shop. meg's moving company uses t-mobile. so she scaled down her fleet to save money. and don's paying so much for at&t, he's been waiting to update his equipment! there's a smarter way to save. comcast business mobile. you could save up to 70% on your wireless bill. so you don't have to compromise. powering smarter savings. powering possibilities. larry: all right regulatory red tape out of biden administration is strangling business. and causes inflation, let's talk about it, we steve moore, and host of moore money and douglas holtz-eakin. former cpppo director. doug, i am looking at your latest report. it gets better and better or worse and worse you know what i mean. the final rule costs for mr. biden 1.6 trillion. for mr. trump minus 160 billion. trump's fell. but biden up 1.6 trillion, then you have paperwork hours increasing i guess under mr. biden, 292 mi

j.p. morganmanagement has advisors in chase branches and tools, like wealth plan to keep you on track. when you're planning for it all... the answer is j.p. morgan wealth management. welcome to fox news live, i haven't new york. cease-fire talks between israel and hamas could resume as soon us next week. the news coming hours after israeli officials met with the head of the cia and prime minister. they struggled to secure a breakthrough as a seven month long war rages on is recommending safe return of hamas held hostages while hamas wants a full into the work the release of palestinian pris prisoners. closing arguments and jury deliberations are set to begin former president trump historic new york criminal trial next week. former president is facing 34 counts of multiplying business records to hide an alleged affair with an adult film star during the 2016 election. trump denies all wrongdoing. now back to one nation. ♪ this is exciting, i hope my contestants the same way. it is time for the coho

j.p. morganh management has advisors in chase branches and tools, like wealth plan to keep you on track. when you're planning for it all... the answer is j.p. morgan wealth management. ed: it is time for talking tech. source code capital is raising one of china's largest b.c. fund with a target of $300 million according to sources who say the goal is per luminary and could change. source code capital was one of bytedance's earliest backers. tiktok is making it easier for content creators to make money. although unofficially announced, users have noticed the threshold to drop the affiliate program dropped from 5000 to just 1000 followers. it promotes products and collects commissions on sales per delayed move could bring in users and bolster opposition to u.s. law that would force bytedance to sell the app or face being banned. openai is releasing past employee from a non-disparagement clause that tied together exit contracts and equity awards. workers raised concerns after a report last week that

j.p. morganlth management has advisors in chase branches and tools, like wealth plan to keep you on track. when you're planning for it all... the answer is j.p. morgan wealth management. haidi: supporters of taiwan's new president -- lawmakers have begun the final steps toward this controversial bill. some of the scenes are extraordinary. never a dull moment when it comes to taiwan politics. >> obviously not. what we saw last night was the largest public protests in years in taiwan as these protesters are trying to stop lawmakers from passing this new bill. the reason they are so against this new bill is because it is a remarkable expansion of the legislature's powers. the bill would give lawmakers the ability to call the president in front of them whenever they request the president, and he would have to present an annual state of the nation address similar to the united states. it would also expand the lawmakers abilities to investigate the government and expand their powers to request document

the answer is j.p. morganh management. sales tax automatically. avalarahhhhhh what if tax rates change? ahhhhhh filing sales tax returns? ahhhhhh business license guidance? ahhhhhh -cross-border sales? -ahhhhhh -item classification? -ahhhhhh does it connect with acc...? ahhhhhh ahhhhhh ahhhhhh >> anna paglia is the global advisory for state street. i am pleased to say she joins us in her first tv interview in her new role in a bloomberg exclusive. it is great to see you. let's talk about your title. chief business officer. i have not heard before. lay out exactly what that means. anna: i am not surprised to hear that you have not heard about it before because it is new and it is one of the things that attracted me to state street global advisors. the ceo has a very dynamic view and vision for leadership so she created this role which is really new in the industry and my job spans across the different business lines and i am responsible for building a plan and executing on this plan and bringing together all of

the standout will be j.p. morgan c.e.o. we're back in paris. the c.e.o. of j.p. ie dimon is going to be speaking to us. also speaking to economists on that print and fed expectations. j.p. morgan, much conviction they have in that view and interest as well. the head of global commodity strategy. no doubt a conversation with what's happening with copper with the short spree happening in the u.s. and whether or not that has momentum. jeff telling us yesterday that he sees 15,000 on copper. iron ore also up in session. the c.e.o. of easy jet is coming up on markets today. 7:45 london time. markets today coming up next. this is bloomberg. ♪ and they're all coming? those who are still with us, yes. grandpa! what's this? your wings. light 'em up! gentlemen, it's a beautiful... ...day to fly. 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. we have been able to reach over 100 million people impacted and affected, and at risk of hiv. the rocket fund takes all of the work th

the answer is j.p. morgan wealth management. her uncle's unhappy. i'm sensing an underlying issue. it's t-mobile. it started when we tried to get him under a new plan. but they they unexpectedly unraveled their “price lock” guarantee. which has made him, a bit... unruly. you called yourself the “un-carrier”. you sing about “price lock” on those commercials. “the price lock, the price lock...” so, if you could change the price, change the name! it's not a lock, i know a lock. so how can we undo the damage? we could all unsubscribe and switch to xfinity. their connection is unreal. and we could all un-experience this whole session. okay, that's uncalled for. larry: so why is president biden sudden looking debating former president trump, economy because he -- it could be because he is desperate, joining me to talk about it great newt gingrich. author of march to the majority, welcome back. 100 house people in wildwood, all of a sudden biden, saying i'm debating, but it is phony, we have talked about this. he wants two debates, and

j.p. morgangement has advisors in chase branches and tools, like wealth plan to keep you on track. when you're planning for it all... the answer is j.p. morgan wealth management. you know what's brilliant? boring. think about it. boring is the unsung catalyst for bold. what straps bold to a rocket and hurtles it into space? boring does. boring makes vacations happen, early retirements possible, and startups start up. because it's smart, dependable, and steady. all words you want from your bank. for nearly 160 years, pnc bank has been brilliantly boring so you can be happily fulfilled... which is pretty un-boring if you think about it. scarlet: time and offer social climbers, the stocks making waves on social media this morning. t2 announcing it will postpone the highly anticipated grand auto six -- grand theft auto six, not to be released in 2025. cracker barrel burning investors risk lowering profit estimates and cutting its dividend because of slowing demand. eatery said it wants to focus on gr

j.p. morganealth management has advisors in chase branches and tools, like wealth plan to keep you on track. when you're planning for it all... the answer is j.p. morgan wealth management. katie: april retail sales come in flat as consumers rope in their spending. joining us now is adrian yih. were going to get into the production maker and luxury dealers. when you look at the broad economic data we are seeing are you seeing it the individual company level as well? >> we are seeing it very patchy. we talk about the consumer being relatively healthy. in the broad swath of the 70 51 50 k which is where specialty retail aims. they have the capacity to spend but they are bearing -- being careful where they spend. you have to dig into the numbers that is a stock ticker environment. katie: how does it translate into the decisions retailers are making? will we see more discounts? how do we respond? adrienne: we finished the retail quarter similar to marge/april. in the promotions immediately kicked up i

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j.p. morganmanagement has advisors in chase branches and tools, like wealth plan to keep you on track. when you're planning for it all... the answer is j.p. morgan wealth management. caroline: checking on the markets, they are macro fueled in many ways. the fed speaker at the moment is anticipating more on the speaking front, with buying into stocks at the moment if you think the fed might cut in the first half of the year. record high, record high, not record high when it comes to the record world index. europe, the s&p, the nasdaq, the dow are at record highs. bitcoin, up 1.7%. mood music, still positive despite geopolitical risks. tesla, off by 1.7%. they growing hit to the morale, job cuts being tested by the business. looking at what is happening with wix, this is a web platform company, best days since march of 2020 as it blows away analyst expectations. this is the name that we are waiting for when it comes to earnings. after the bell, there is zero analysts with a sell rating on the stock

j.p. morgannagement has advisors in chase branches and tools, like wealth plan to keep you on track. when you're planning for it all... the answer is j.p. morgan wealth management. >> president biden believes anything we do should be targeted to concerns and hopefully we won't see a significant chinese response. >> janet yellen there speaking to bloomberg about whether beijing may retaliate against washington. she was speaking after we reported chinese ev's could face tariffs. bloomberg ev analyst joins us to talk about the implications. how much impact do you see in a tariff hike in the broader sector? reporter: this more just have more symbolic meanings because chinese ev's have been locked out of the u.s. market. the u.s. imported less than 11,000 ev's so chinese ev's were out of the tariff is at high level compared to europe, australia where they have a free-trade agreement. because of this requirement they have to compete with local ev's, meaning they will undermine a core advantage on affor

the answer is j.p. morgan wealth management.nnabelle: china's government is said to be planning a meeting friday morning with banks and regulators to discuss at the property market. the agenda include proposals to clear inventory. for more, we are joined by our chinese correspondent. we have already seen properties stocks rising in anticipation of this but what do we know about the meeting? >> the breadth of the invitees show how important this meeting is. we are looking as senior officials. they are all attending via video conference discuss this proposal to potentially buy back millions of homes from across the country with the help of state owned enterprise and using loans from state yanks. a lot of details yet to be sketched out. the big question is, how big of a scale is is going to be on how will they finance this? in early 2023 the government rolled out something similar on a smaller scale. they extended it -- they extended credit for a loaning facility on the plan was to get eight cities on a trial basis to buyback exces

the answer is j.p. morganmanagement. you don't have to worry about things like changing tax rates or filing returns. avalarahhh ahhh ed: welcome back. caroline: let's check on the markets. we're managing to hold on to the gains in the face of some inflationary pressure. the consumer sentiment showing that's still elevated coming from the consumer base. on a week we have c.p.i. and p.p.i., we're just cautious. we're up on the nasdaq. 10-year yield just holding lower at 4.48. i'm looking at bitcoin to ramp up. this is more of a spillover effect from the meme frenzy. we'll shine a light on game stop, up 63%, but is keith gill back? will he return to social media? he did pop a particular picture on x, many feeling that perhaps roaring kitty is back when it comes to liking game stop, and meme stock mania seems to be back. i shine a light on what's happening in the chip sector. it's coming off highs, but notable names pushing higher. intel up, building on bloomberg's reporting that maybe we'll have financing from ap

j.p. morganealth management has advisors in chase branches and tools, like wealth plan to keep you on track. when you're planning for it all... the answer is j.p. morgan wealth management. it's basically tennis for babies, but for adults. it should be called wiffle tennis. pickle! yeah, aw! whoo! ♪♪ these guys are intense. we got nothing to worry about. with e*trade from morgan stanley, we're ready for whatever gets served up. dude, you gotta work on your trash talk. i'd rather work on saving for retirement. or college, since you like to get schooled. that's a pretty good burn, right? got him. good game. thanks for coming to our clinic, first one's free. annabelle: russian president vladimir putin has arrived in china on the first foreign trip of his new term. it underlines the importance of his relationship with beijing as russian forces press forward with a new offensive in ukraine. stephen engle is here with the details. that sorta become a tradition that they start a new presidential term eac

j.p. morganealth management has advisors in chase branches and tools, like wealth plan to keep you on track. when you're planning for it all... the answer is j.p. morgan wealth management. annabelle: hedge funds at the hong kong investment leaders conference are looking at opportunities in japanese and south korean companies in our next guest is positive on [indiscernible] electric. you can see we have tripled shares more in the court -- you can see here shares have tripled here in the course of the year. japan was a big take away from the conference but we heard pix from korea and some stood out but why are you focusing on hyundai electric and what is the process you went through? >> with this race of ai demand, one ai server will consume 10 times more electricity versus the general servers we've used in the last 30 years and the reason is we are getting new architecture by using gpu to copulate the data and the only was the cpu so you need more electricity to support ai. hyundai electric is one

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j.p. morganlysts in the chase app. when you've got a decision to make... the answer is j.p. morgan wealth management. jonathan: equities on the s&p 500 at another all-time high close yesterday. they are now down by 0.1%. biden closing in on the swing states. >> folks, the fact that trump poses a threat in the second term. the fact that he lost in 2020, something snapped. >> the whole world is laughing at him. he is a fool. he is not a smart man and he never was. i talk about them differently now because now the gloves are off. jonathan: here is the latest, former president donald trump's leading -- lead in swing states is taking a small tip. biden is leading by no more than two percentage points in michigan and pennsylvania. jennifer joins us now for more. going into november, what are the policy options the white house has left? >> i think they just did one this past week in announcing the release of oil reserves. they will have to try to find some way of affecting those prices that people are f

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j.p. morgan wealth management has advisors in chase branches and tools, like wealth plan to keep you on track. when you're planning for it all... the answer is j.p. morgan wealth management. how am i going to find a doctor when i'm hallucinating? what about zocdoc? so many options. yeah, and dr. xichun even takes your sketchy insurance. xi-chun, xi-chun, xi-chun! you've got more options than you know. book now. caroline: we have got to talk about klarna, the buy now pay later firm eyeballing ipo and we wonder whether they are going to do that. first quarter of next year? that's according to reports now. it's been a big year for generative ai, which this company is doing. sebastian is the klarna ceo and i want to start with what all investors are interested in, your eying of the public markets. we here as soon as you one. how much more t's dotting do you need to do at the moment? sebastian: i've heard those rumors, but for us it's always been about wanting to establish ourselves as a global busine

j.p. morganmanagement has advisors in chase branches and tools, like wealth plan to keep you on track. when you're planning for it all... the answer is j.p. morgan wealth management. when you automate sales tax with avalara, you don't have to worry about things like changing tax rates or filing returns. avalarahhh ahhh her uncle's unhappy. i'm sensing an underlying issue. it's t-mobile. it started when we tried to get him under a new plan. but they they unexpectedly unraveled their “price lock” guarantee. which has made him, a bit... unruly. you called yourself the “un-carrier”. you sing about “price lock” on those commercials. “the price lock, the price lock...” so, if you could change the price, change the name! it's not a lock, i know a lock. so how can we undo the damage? we could all unsubscribe and switch to xfinity. their connection is unreal. and we could all un-experience this whole session. okay, that's uncalled for. v vonnie: this is bloomberg markets. let's get a check on the markets

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j.p. morgannalysts in the chase app. when you've got a decision to make... the answer is j.p. morgan wealth management. haidi: israeli tanks have reached the center of rafah. residents have been reporting clashes between israeli and hamas forces in the center of town. marco heath joins us now for more. in an operational offense, it looks like we are getting pretty close to a declaration of this offensive being done for netanyahu's kind of purposes. does that mean that the goal of eradicating hamas has been achieved. >> it is hard to say that. even if they do wipe out the remaining militants there, hamas is more than likely, the fighters, the leadership, even the hostages are likely to melt away. as real has destroyed some of the tunnel networks, but they have had a couple of decades -- israel has destroyed some of the tunnel networks, but they have had a couple of decades to build the tunnel network area. that will likely melt away if they have not moved to other parts of the gaza strip. the figh

the answer is j.p. morgan wealth management.elle: taking a look at how nvidia is faring in after hours. still holding around that 6% jump, really counting down to the earnings that we had after the bell today. a strong sales. bullish outlook. we also had a stock split. just some of the key headlines. key on the other said of the screen, you are seeing the suppliers to nvidia mostly moving higher today. let's get more on nvidia's numbers and bring in an executive editor for asia technology, peter elstrom, in tokyo. it's been the focus for some now, nvidia. the bar was set so high, but once again, nvidia seems to jump over it. peter: exactly, nvidia has become a proxy for the ai boom. it's worth emphasizing the point you made, expectations were very, very high for this company. the stock more than tripled last year and it is up already 90% this year and its market valuation before this report was 2.3 trillion dollars, number three in the world behind only apple and microsoft. yet, nvidia came out and beat those expectations. it al

j.p. morganlth management has advisors in chase branches and tools, like wealth plan to keep you on track. when you're planning for it all... the answer is j.p. morgan wealth management. >> i am confident that this time it is lift off and we are going to see more momentum behind it. you have three sources of demand this time around. ai plus military. in 2021 all we had was the green capex demand. inventories are tight. haidi: the outlook. copper prices at the moment in the early part of the asian session. seeing modest upside when it comes to copper pricing. about .1% higher. chile raising their economic growth on the back of soaring copper prices. we have seen options volatility jumping in recent sessions. watching iron ore as the china property debt story continues to play out. seeing the downside for trading. brent crude seeing upside. shrinking u.s. stockpiles looking ahead to the numbers in the second half. this is bloomberg. ♪ and they're all coming? those who are still with us, yes. grandp

j.p. morganlth management has advisors in chase branches and tools, like wealth plan to keep you on track. when you're planning for it all... the answer is j.p. morgan wealth management. matt: time for social climbers, a look at the stocks making waves on social media. first up red lobster floundering , the seafood restaurant chain filing for chapter 11 bankruptcy thanks in part to a disastrous all-you-can-eat shrimp promotion. the company changed its $20 ultimate endless shrimp deal from a limited time offer to a permanent promotion and that's a move the cost the company $11 million as diners scarfed down expensive plates of shrimp at a rapid pace. a big win for airbus, the u.k. plane maker -- the european plane maker secured an order for over 100 narrow body jets, saudi arabia's flagship carrier. the deal is the largest in saudi arabia's history. if the kingdom's latest effort to turn the country in to an aviation and tourism hub. grayscale announcing the ceo has stepped down after 10 years. he

j.p. morganealth management has advisors in chase branches and tools, like wealth plan to keep you on track. when you're planning for it all... the answer is j.p. morgan wealth management. katie: it's time for social climbers, a look of the stocks making waves on social media. lucid will cut about 400 jobs next to slowing demand for its ev's, on the tail of layoffs at tesla. next up, a bloomberg's group, burger king taking off the gloves as it unveils its five dollars value meal -- ahead -- that will launch ahead of mcdonald's. the tit-for-tat underscores the pressure to reach budget-conscious diners feeling the pressure of higher prices. let's take a look at the markets, because we have seen a bit of an interesting reversal when it comes to the bond market for we got the university of michigan numbers. i want to focus on inflation expectations. 3.3%. a little bit of relief -- five-10-year inflation out put at 3%. the expectation had been 3.1%. just about unchanged on the day. 4.93%. we are below

j.p. morganlth management has advisors in chase branches and tools, like wealth plan to keep you on track. when you're planning for it all... the answer is j.p. morgan wealth management. caroline: let's talk zoom video for a moment. reporting first-quarter results, beating expectations on the prior quarter. the sales forecast have people trying to understand where the conservative elements are lying and where the opportunities are. let's talk with kelly steckelberg, zoom cfo pete great to have you with us. there is some concern about more cautious forecast. can you talk us through how you see small, medium-sized enterprise demand for your products? kelly: we were very pleased with our q1 results. we beat analyst expectations across revenue, profitability and free cash flow. we reported q1 revenue of $1.14 billion, up 3% year-over-year. we did see growth in our enterprise which was up 5% year-over-year. in terms of smb, which we've gotten a lot of questions about, we support that segment of our bu

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the answer is j.p. morgan wealth management. belle: jp morgan ceo jamie dimon says he is more worried about inflation than markets appeared to be. speaking at the global markets conference in paris, he says significant price pressures are still influencing the u.s. economy, supporting the case for rates to stay higher-for-longer. >> we have had turbulence and we have had good health in the markets for a while. they are predicting a soft landing and you see that in the stock prices which are high, credit spreads are kind of low, markets are wide open. that is all good. i could point to a lot of times in history where that was true in the next year it was untrue. so we will see. i don't pay as much attention to monthly numbers as most people do. >> so what do you think the future is for inflation? >> i am worried about it. we have had a great fiscal deficits. inflation may not go away the way people expect. i look at the future and a lot of the things we look at our inflationary -- the greening of the economy, the restructuring of

the answer is j.p. morganealth management. ♪ smiled with the rising sun ♪ discover our newest resort, sandals st. vincent and the grenadines now open. visit sandals.com or call 1-800-sandals jonathan: equities on the s&p 500 about unchanged. yields no on the 10 year, 4.3342 . that the fed sitting tight. >> published downward pressure is it putting on the economy? that is an unknown. that tells me we need to sit here a while longer until we figure out where underlying inflation is headed for we jump to any conclusions. jonathan: the minneapolis fed president repeating the fed is likely to hold rates steady for a while longer as investors bring forward rate cut bets. the index fall into a one-month low with treasuries adding to their advance following the cpi data. kit juckes joins us for more. you wrote about it this morning the next data point seems to be no trend. is that what you are replicating this morning, don't get excited about yesterday it could change the next month and the month after? lisa: definite

j.p. morganlysts in the chase app. when you've got a decision to make... the answer is j.p. morgan wealth management. ♪ >> taking you to some futures here outside the courtroom where former president donald trump has just been found guilty of all 34 felony counts. this is an historic verdict, of course. given we are just months out from the u.s. election as well. big question, of course for traders is how that decision is going to be impacting markets that are already starting to prepare for that vote ahead. let's get more on that now, bring in george, the managing director for research investments and advisory at -- asset management and george, we know that markets have been immune to political turmoil in the past, but still, you have this increased political volatility. what is the impact for traders, do you think? >> good morning. thanks for having me on. it is clearly extraordinary within guilty and he is a felon in the state of new york. and markets, are going to be looking through this, as

j.p. morgane chase app. when you've got a decision to make... the answer is j.p. morgan wealth management. ♪ ow! whoa! watch where you're going. yeah mom, pay attention. what if it's a concussion? hang on, i'll look it up. uh... i'm probably fine... probably? we noticed something wasn't right and got her to a doctor. i thought i was okay, but i had a concussion. sometimes, it's hard to tell on your own. don't mess with your melon. if you hit it, get it checked. katie: areas unveiling a number of targets. it will boost asset under management to $750 billion by 2028. it said we expect to grow faster than the projected industry average over the next five years. i'm pleased to say we are joined by the areas ceo and sonali basik. >> a big driver and obviously a big chart of what -- part of what we do. when we gave our prior guidance we said we would grow 20%. we grew 35. private credit was a big part of that but we've diversify to other big growth areas like real assets, private equity, a secondary's

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