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Oct 24, 2022
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i am kriti gupta. bloomberg markets starts now. kriti: let's dive right in the price action. you have a rally on your hands. the s&p 500 is just shy of 1% gains. mastec underperforming. the lot of those tech names reporting -- not reporting this week. you will see whether this is a low volume or indicative of gains. 10 year yield is 4.2 one, unchanged on the day. the treasury market is perhaps taking its cue from the goes market across the ocean. we will talk about the u.k. looking at the bloomberg commodity index, as you start to see that brisk rally, it is showing up in the commodity space, too, perhaps not as large is the stock market but still up .6%. we are now at a 1.12. that rishi rally and a boost into the dollar. the incoming prime minister is where we want to go. he is facing fermentable headwinds with rising inflation, surging interest rate and addressing recent political instability. here is what he had to say. pm sunak: there is no doubt we face a profound economic challenge. we need stability and unity. white pledge that i will serve you with integrity and humil
i am kriti gupta. bloomberg markets starts now. kriti: let's dive right in the price action. you have a rally on your hands. the s&p 500 is just shy of 1% gains. mastec underperforming. the lot of those tech names reporting -- not reporting this week. you will see whether this is a low volume or indicative of gains. 10 year yield is 4.2 one, unchanged on the day. the treasury market is perhaps taking its cue from the goes market across the ocean. we will talk about the u.k. looking at the...
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Oct 6, 2022
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♪ kriti: this is bloomberg markets. i'm kriti gupta.for a bloomberg business flash, to look at some of the biggest business stories and that is right now. in france, a court of appeals has slashed apples record antitrust fund from $1.1 billion to 355 million dollars. the funds regulators may appeal this decision. authorities say apple has entered into anticompetitive agreements with two retailers. porsche has become the most liable automaker in europe. during trading, they gained a share market value of almost $82 billion. vw saw some 10 million -- sells some 10 million vehicles, while porsche solves -- sells 300,000. shells refining a chemical businesses are showing sign of a slowdown. that is worrying that the major industry is buckling under pressure of soaring natural gas prices. that is your business flash update. i want to get something that caught my eye. this is a really crucial chart. we're going to see some other key things happening in the macro world. we will start here by looking at the impact of opec on the fed. a lot of p
♪ kriti: this is bloomberg markets. i'm kriti gupta.for a bloomberg business flash, to look at some of the biggest business stories and that is right now. in france, a court of appeals has slashed apples record antitrust fund from $1.1 billion to 355 million dollars. the funds regulators may appeal this decision. authorities say apple has entered into anticompetitive agreements with two retailers. porsche has become the most liable automaker in europe. during trading, they gained a share...
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Oct 10, 2022
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for now, this is bloomberg. ♪ kriti: this is bloomberg markets. i'm kriti grouped up.nt to get to something that has caught my eye. on the intraday basis, the market has closed. looking at the treasury outflows like you see going all the way back to 2020. you see them becoming so unattractive that the outflows are matching. the exact movement we saw back in march of 2020 with the onset of the pandemic. the demand is disappearing. one is japan, they are starting to get hedged out of the market and that mazes becoming too expensive to hedge those bets. the number one buyer of u.s. treasuries are slowly falling behind on the list, paving the way for china. the other piece of the equation will be the likes of endowments and mutual funds that will see the price insensitive behavior where they say it doesn't really matter what the bond market is doing. that is no longer the case anymore given how volatile the bond market is. this is something we will keep an eye on as we have inflation numbers showing up next week. we still see some marginal pain in the s&p 500 although some
for now, this is bloomberg. ♪ kriti: this is bloomberg markets. i'm kriti grouped up.nt to get to something that has caught my eye. on the intraday basis, the market has closed. looking at the treasury outflows like you see going all the way back to 2020. you see them becoming so unattractive that the outflows are matching. the exact movement we saw back in march of 2020 with the onset of the pandemic. the demand is disappearing. one is japan, they are starting to get hedged out of the market...
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Oct 18, 2022
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kriti: and i'm kriti gupta. we even had a rally in the bond market before you saw a complete reversal. the 10 year yield is back above 4%. only higher by one basis point. that was not the story earlier where you had yields actually lower. the bond market and stock market were good. clearly, that has diverged further into the session. the dollar following suit and flat on the session. but that intraday volatility will be crucial and something that translate into the earnings story that jon will touch on. oil moves lower and you have that feedback loop. brent crude $90 a barrel. some of that reaction is coming from an expected spr release in the week. we will have all eyes on washington for that. jon: no doubt. we have been watching energy stocks in canada and to your point about the earnings story, as we looked at the s&p groups, generally speaking, everything is moving up. but a notable move higher in industrials because defense stocks have been climbing. the numbers from lockheed martin encouraging the crowd. f
kriti: and i'm kriti gupta. we even had a rally in the bond market before you saw a complete reversal. the 10 year yield is back above 4%. only higher by one basis point. that was not the story earlier where you had yields actually lower. the bond market and stock market were good. clearly, that has diverged further into the session. the dollar following suit and flat on the session. but that intraday volatility will be crucial and something that translate into the earnings story that jon will...
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Oct 4, 2022
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kriti: one more move, twitter shares by 13%. this is after months of legal battles, elon musk is agreeing to buy the company for the original offer price. the very latest and what has changed in the last couple of days? >> elon musk is throwing in the towel according to sources. he sent a letter to twitter aligning a proposal to proceed with the original offer which is $54.20 a share. must agreed that musk -- musk try to terminate the deal on the idea that there were too many parts of the platform. the market was assigning that the judge would hold musk to the original terms of the deal. we have come full circle. jon: musk and his team would have had to have been crystal clear on twitter violating the terms of the deal to be deemed successful? >> musk and twitter had a signed contract. in order to walk away from the deal, he would have to prove a material adverse effect and in so doing he try to say that twitter withheld key information , largely about the level of users on the platform that were parts or spam or fake accounts.
kriti: one more move, twitter shares by 13%. this is after months of legal battles, elon musk is agreeing to buy the company for the original offer price. the very latest and what has changed in the last couple of days? >> elon musk is throwing in the towel according to sources. he sent a letter to twitter aligning a proposal to proceed with the original offer which is $54.20 a share. must agreed that musk -- musk try to terminate the deal on the idea that there were too many parts of the...
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Oct 7, 2022
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kriti: this is bloomberg markets. i am kriti grouped up. --gupta the biden administration announced new restrictions on access to chinese semiconductor technologies. joining us now is mandeep singh of bloomberg intelligence. this move in the broader market. chips were down under pressure to the tune of 5% and some of the heavyweights as well. a lot of this is cyclical demand. about one year ago, this was the macro hedge because it was a play on inflation and supply chain issues that have really not gone away yet. where does demand go? mandeep: there are certain pockets within semiconductors where the demand has really fallen off the cliff, if i can use that analogy. when you look at consumer pcs, it looks like there was a big push forward during the pandemic and that is the pocket getting hit the worst now. a mp3 announced last night and they took their guidance down almost 3% in the client segment. intel took the client side down by about 5 million. amp took it down by one billion. we think it will be another one billion for 4q. you can se
kriti: this is bloomberg markets. i am kriti grouped up. --gupta the biden administration announced new restrictions on access to chinese semiconductor technologies. joining us now is mandeep singh of bloomberg intelligence. this move in the broader market. chips were down under pressure to the tune of 5% and some of the heavyweights as well. a lot of this is cyclical demand. about one year ago, this was the macro hedge because it was a play on inflation and supply chain issues that have really...
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Oct 19, 2022
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kriti: does that mean the exodus is coming?s that a delayed impact we are going to see, especially when forecasts were saying we are going to hit recession in 2023? daniela: that is the question. today the cfo said they expect organic sales growth which takes off things like the dollar, for example, that it will be driven by higher prices. to give you some context, this quarter prices rose by 9%. that is not nothing and so that is what they expect for the balance of their fiscal year. volumes are seen declining as they do that. kriti: that is interesting going into holidays. you can assume perhaps this would be a leaner christmas. i am curious if that will translate to the entire consumer sphere. is that a trigger for more serious products for -- is that a switch off for household products? daniela: they are saying interesting behavior in terms of what consumers with more money versus consumers with less money. consumers with more money are buying bigger sizes so they can play -- they can pay less per use. people who are more c
kriti: does that mean the exodus is coming?s that a delayed impact we are going to see, especially when forecasts were saying we are going to hit recession in 2023? daniela: that is the question. today the cfo said they expect organic sales growth which takes off things like the dollar, for example, that it will be driven by higher prices. to give you some context, this quarter prices rose by 9%. that is not nothing and so that is what they expect for the balance of their fiscal year. volumes...
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Oct 27, 2022
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kriti: this is bloomberg markets. i'm kriti gupta. shares of view rose today after shares of softbank raised $200 million -- $200 billion of convertible notes. scott drexler of rx are joined --rxr and sonali basak. scott, you first. i want to ask you about the deal. walk us through the opportunity, the terms of the deal and the terms of the convertible. scott: every owner, real estate operator, has been struggling to find ways you can actually reduce your energy usage, reduce your carbon footprint. for years, we have been talking to view about their product that enables you to do that in a very effective way. this situation is, view went public a few years back and there to -- their shares have been trading down. we saw an opportunity to take an extra neri company with an extraordinary profit. and bring cap -- extra neri product and help them accelerate their business. we are injecting a convertible that converts up 25%. i am joining the board. i am a big believer in everything view has created. it has been around since 2008 and has 1
kriti: this is bloomberg markets. i'm kriti gupta. shares of view rose today after shares of softbank raised $200 million -- $200 billion of convertible notes. scott drexler of rx are joined --rxr and sonali basak. scott, you first. i want to ask you about the deal. walk us through the opportunity, the terms of the deal and the terms of the convertible. scott: every owner, real estate operator, has been struggling to find ways you can actually reduce your energy usage, reduce your carbon...
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Oct 7, 2022
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kriti: abigail doolittle is tracking the moves.: good news is bad news and that is the jobs report. the s&p 500 down 1.9%, the nasdaq 100 down 2.6%. the chip index down 3.8%, even off of growth. yields are higher, stocks down and valuation becomes more expensive. stocks may be down three days in a row but the first up week in weeks. the second up week in eight weeks. you can see along stretch of lagging in the bear market. we have the best up week in a month for the s&p 500. this year, most of the weeks are to the downside. we have possible m&a action. cvs health heaven its worst day since november 2020 on the news they are an exclusive talks to abide cano health to expand, something they have been doing over the last couple of years. there are some hurdles but investors taking it seriously with cano up. continued weakness in the chip good this is amd, the stock year to date, a couple more months to go, down more than 55%. sales missing by $1 billion. apparently there is a demand issue that we have been hearing about this for a whi
kriti: abigail doolittle is tracking the moves.: good news is bad news and that is the jobs report. the s&p 500 down 1.9%, the nasdaq 100 down 2.6%. the chip index down 3.8%, even off of growth. yields are higher, stocks down and valuation becomes more expensive. stocks may be down three days in a row but the first up week in weeks. the second up week in eight weeks. you can see along stretch of lagging in the bear market. we have the best up week in a month for the s&p 500. this year,...
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Oct 26, 2022
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kriti: i am kriti gupta. we have a sell of on our hands. the s&p 500 down 4/10 of 1%. it was actually in the green despite bad tech earnings overnight. alphabet and microsoft dragging down the index. the nasdaq underperforming. down over 1%. bonds catching a bid. as you have worries of recession and a slowing economy it creates a bull case. look at the 10 year yield. down about eight basis points. there catching the bid. with yields lower the dollar is weaker against the canadian dollar. what is interesting is the bank of canada talked about raising interest rates only 50 basis points. the expectation was 75. we will dive into the nitty-gritty. brent crude trading up 2% on the day. jon: you talked about that tech wreck. let's dive into the names contributing to the weakness. microsoft, concerns of the outlook for the cloud business. those shares are down close to 7%. bigger decline at this hour for google's parent company alphabet. worst day since march of 2020 as the worry of the digital advertising outlook continues to play out. spotify down 12% today. yes, they cont
kriti: i am kriti gupta. we have a sell of on our hands. the s&p 500 down 4/10 of 1%. it was actually in the green despite bad tech earnings overnight. alphabet and microsoft dragging down the index. the nasdaq underperforming. down over 1%. bonds catching a bid. as you have worries of recession and a slowing economy it creates a bull case. look at the 10 year yield. down about eight basis points. there catching the bid. with yields lower the dollar is weaker against the canadian dollar....
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Oct 25, 2022
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kriti: certainly a lot to keep an eye on. the story with ups is fascinating when you are talking about an economic perspective, but something i like to look at from an economic perspective is the social media names. after the bell, we get alphabet. we like to look at them as a bellwether for the advertising space. if you are bullish on the consumer, you are spending those ad dollars. if you are not, not so much. tell me your take. jon: it's very true and obviously for those companies that have stock prices, they are going to react to a big way to that news. we will get a sense on the mood surrounding social media players. the story around twitter is different because we know elon musk has done that deal. let's bring in ed ludlow who has been tracking the story. the specifics are elon musk had a conversation with all the big bankers about getting to the finish line. ed: correct. according to bloomberg sources, elon musk held a video conference with the bankers. the intention, according to musk, is this deal closes by friday. 5
kriti: certainly a lot to keep an eye on. the story with ups is fascinating when you are talking about an economic perspective, but something i like to look at from an economic perspective is the social media names. after the bell, we get alphabet. we like to look at them as a bellwether for the advertising space. if you are bullish on the consumer, you are spending those ad dollars. if you are not, not so much. tell me your take. jon: it's very true and obviously for those companies that have...
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Oct 12, 2022
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this is bloomberg. ♪ kriti: this is bloomberg markets and i'm kriti gupta.loomberg invest is taking place today. the founder and cio of -- capital management, let's take a listen. >> this has been different in that respect. it has also been different because you have so many different problems swirling around, some in conflict with each other. so salt one and -- in response to the other. and untoward rumors about credit suisse, what is happening in the u.k. gilt markets, it just makes the number of balls in the air and or miss in terms of things unknown and known that could cause more than a selloff but more like a crash. >> let's talk about that. you discussed multiple problems and multiple areas taking place at the same time. how do you distinguish between what is a genuine risk, a known risk, and what is a really unknown unknown? >> usually you have your known unknown, we know something is bad but we don't know how bad. 9/11 happened, not a good time to buy your stocks. covid abend, not a good time to buy. 2008 happened, probably you should de-risk from f
this is bloomberg. ♪ kriti: this is bloomberg markets and i'm kriti gupta.loomberg invest is taking place today. the founder and cio of -- capital management, let's take a listen. >> this has been different in that respect. it has also been different because you have so many different problems swirling around, some in conflict with each other. so salt one and -- in response to the other. and untoward rumors about credit suisse, what is happening in the u.k. gilt markets, it just makes...
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Oct 7, 2022
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kriti: you also brought up china. i'm curious about the diversions you are seeing and monetary policy between the pboc and the rest of the world taking a restrictive stance. to what extent is that the achilles' heel for the global economy? >> it suggests that europe will be under further downward pressure. the pboc is moving at an easing direction. it is clear that the authorities in china do not think sizable monetary easing is the way to go. that's in part because they have the idea about deleveraging. this policy has been behind destroying the construction market particularly residential construction. real estate in china is central to the growth model. it accounts for about 30% of gdp. when you get to the point where you are seeing modest boycotts, something is seriously wrong. guy: we have seen the biggest move in yields to the upside in the u.k. 30 year since 1998. do you think this time next week the bank of england is going to be in a position to withdraw support for the long end of the yield market? >> much d
kriti: you also brought up china. i'm curious about the diversions you are seeing and monetary policy between the pboc and the rest of the world taking a restrictive stance. to what extent is that the achilles' heel for the global economy? >> it suggests that europe will be under further downward pressure. the pboc is moving at an easing direction. it is clear that the authorities in china do not think sizable monetary easing is the way to go. that's in part because they have the idea...
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Oct 5, 2022
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kriti: let's stick with that story.t are the issues in canada, the canadian housing market going back to pre-covid times, to what extent are you seeing a move similar to what we saw pre-2008 in the united states? are those parallel situations? >> in terms of magnitude, things are falling the far already fast. there are distinctions between what's going on in canada right now and what happened in the u.s. 2008. the key is just how much home prices surge in the last two years. the fall in toronto going back to october 2021 levels. a lot of people are still sitting on a lot of home-equity. if you bought your house anytime earlier than last year. that will help cushion then. in canada, we also have stress tests. it before you take out a mortgage in canada, you have to prove you can handle interest rates at a much higher level. that means that anyone who bought their house in the last two or three years will be tested for rates at about what they are now. that means the expectation they will be able to handle them. >> buildi
kriti: let's stick with that story.t are the issues in canada, the canadian housing market going back to pre-covid times, to what extent are you seeing a move similar to what we saw pre-2008 in the united states? are those parallel situations? >> in terms of magnitude, things are falling the far already fast. there are distinctions between what's going on in canada right now and what happened in the u.s. 2008. the key is just how much home prices surge in the last two years. the fall in...
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Oct 20, 2022
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kriti: 459 on the two year yield. they are pricing in a 5% policy raise in the first half of next year. we thank you for being with us. still ahead, we will hear more about the u.k. turmoil from the blackstone president and coo. first, time for first word news with mark crumpton. mark: former u.s. treasury secretary stephen mnuchin will not have to answer questions about his firm's investment funds when he testifies at the trial of the colony capital founder. a federal judge barred prosecutors from asking steve mnuchin how much.uae money was invested with him he will appear in court today as a witness who is accused of trying to influence the trump administration as an unregistered uae agent. protests in chat over the military junta to introduce civilian rule erupted yesterday, leaving two people that and at least 30 were injured. security forces used firearms to put down the demonstrations in the country's capital after the interim president imposed a state of emergency to address major flooding in the area. in malay
kriti: 459 on the two year yield. they are pricing in a 5% policy raise in the first half of next year. we thank you for being with us. still ahead, we will hear more about the u.k. turmoil from the blackstone president and coo. first, time for first word news with mark crumpton. mark: former u.s. treasury secretary stephen mnuchin will not have to answer questions about his firm's investment funds when he testifies at the trial of the colony capital founder. a federal judge barred prosecutors...
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Oct 3, 2022
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kriti: a lot of macro factors.ne of the biggest is russia continuing to lose ground trade counter offensive, several thousand russian troops withdrawing on mid reports that the u.s. is making regular aid payments to ukraine while pushing the eu to do more. dad rested and is joined by john kirby. -- david westin is joined by john kirby. david: we welcome john kirby, coordinator for strategic communications. let's start with ukraine. what do we know about what is going on right now in the battlefield? amr. kirby: the ukrainians announced they have now taken back a key drought hub and a printer industrial city. -- a major industrial city. the russians were wanting to use it to supply their own efforts. that is a significant development. it falls on the heels of so many other territorial gains by ukrainian armed forces in the northeast area of the country. it follows suit for the counteroffensive, which is moved an impressive speed. in the south, near paris on -- near herson, ukrainians make progress. not as dramatic i
kriti: a lot of macro factors.ne of the biggest is russia continuing to lose ground trade counter offensive, several thousand russian troops withdrawing on mid reports that the u.s. is making regular aid payments to ukraine while pushing the eu to do more. dad rested and is joined by john kirby. -- david westin is joined by john kirby. david: we welcome john kirby, coordinator for strategic communications. let's start with ukraine. what do we know about what is going on right now in the...
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Oct 13, 2022
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this is bloomberg. ♪ kriti: this is "bloomberg: markets," i am kriti gupta.'s go back to the breaking news netflix looking to introduce it and advertise the sporting -- supported plan charging a seven dollar level. this is been in the works for a while. thank you for joining us, walk us through your immediate reaction on this news. >> thank you, everyone was waiting for this price point. we already knew that disney plus had come out with its price point, they are launching on december 8, had an eight dollars rise point, the big question is where will netflix pay -- prices product? i thought it was take -- price of this aggressively. timing it before the disney plus launch november 3, they are pricing aggressively. this should help them not only limit turn, but also open up the product to a whole new set of subscribers. kriti: speaking of, this is something netflix said they had to because they were bleeding subscribers specifically in the united states and europe. the deceleration come have a -- how much will this help their businesses outside the united stat
this is bloomberg. ♪ kriti: this is "bloomberg: markets," i am kriti gupta.'s go back to the breaking news netflix looking to introduce it and advertise the sporting -- supported plan charging a seven dollar level. this is been in the works for a while. thank you for joining us, walk us through your immediate reaction on this news. >> thank you, everyone was waiting for this price point. we already knew that disney plus had come out with its price point, they are launching on...
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Oct 11, 2022
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kriti: this goes back to intervention.re we seeing a monetary policy whose sole purpose is financial stability? >> i think to a fair extent, if you look at the bank of england, you got the monetary policy happened and you have another measure of financial stability that's important. when the market starts coming for people's pensions, this is a government that went into lockdown and boris johnson came out on the podium and said you are doing this to protect the vulnerable. we have going for years of hardship now. you had covid after brexit and the pound is trading at $1.10 against the dollar. when you come back to it, stability in the market is imperative for the bank of england. they cannot talk about their inflation target when they are putting out fires. they still have the fiscal policy that still needs to be addressed and something that is interesting for markets. alix: that's with the has also said. really good conversation and thank you. coming up, more of our question of the day -- where is the best protection? we
kriti: this goes back to intervention.re we seeing a monetary policy whose sole purpose is financial stability? >> i think to a fair extent, if you look at the bank of england, you got the monetary policy happened and you have another measure of financial stability that's important. when the market starts coming for people's pensions, this is a government that went into lockdown and boris johnson came out on the podium and said you are doing this to protect the vulnerable. we have going...
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Oct 21, 2022
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. >> i am kriti gupta. green on the screen with the stock market. a rally. 1.7% is potentially the best week going all the way back to july for the s&p 500. this is thanks to the tech names rallying even in the face of not so great tech names. don aaron men will dig in that just a bit. -- jon erlichman will deal with that in just a bit. you can see the bond market is moving in a very big way. the front end of the curve getting big and perhaps moving in the opposite direction of the dollar. the dollar is actually weakening against the yen quite a bit. the dollar-yen, 147 is what we are talking about. that is going to be crucial. the ripple effects of the yen and to the dollar commodity market is also crucial. this is how you know a big player is involved in the market. the boj. you can see this because of a giant job. we are going to die -- dive into all of this. >> we certainly want to talk about some of these different flavors we are getting out of industries that have been reporting earnings this week. on the one hand, star performance from servic
. >> i am kriti gupta. green on the screen with the stock market. a rally. 1.7% is potentially the best week going all the way back to july for the s&p 500. this is thanks to the tech names rallying even in the face of not so great tech names. don aaron men will dig in that just a bit. -- jon erlichman will deal with that in just a bit. you can see the bond market is moving in a very big way. the front end of the curve getting big and perhaps moving in the opposite direction of the...
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Oct 17, 2022
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kriti: it is becoming that we quickly.f you have to add another crisis outside of the emerging markets, the poster child for fiscal versus monetary, what you saw in the u.k., i think it is spreading to the u.s. as well. as the odds get larger and it becomes more of a consensus, the odds that there is a fiscal response becomes even more dangerous and works against the fed. i think there is a crisis in that as well. alix: talk about the weather, maria. we have been talking about the weather for a long time. i wonder if by talking about it we are desensitized to it. is there something we should be talking about that actually poses a bigger risk? maria in terms: of the weather, everybody i asked says the best investment you can get this time around is to find a weather agency that you trust, and work your demand around it. i'll be curious to see what guy says about this, that there is a big difference between the u.k. and continental europe when it comes to demand destruction. they say, it is about storage. i'm told that there
kriti: it is becoming that we quickly.f you have to add another crisis outside of the emerging markets, the poster child for fiscal versus monetary, what you saw in the u.k., i think it is spreading to the u.s. as well. as the odds get larger and it becomes more of a consensus, the odds that there is a fiscal response becomes even more dangerous and works against the fed. i think there is a crisis in that as well. alix: talk about the weather, maria. we have been talking about the weather for a...
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Oct 17, 2022
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. >> i am kriti gupta and that was mark mobius warning that interest rates will sort to a three decadeigh of 9% and that level would be eye-opening but that could help the banks with net interest income. that has been a big focus. we have shimao domestic -- sonali basak joining us. does bank of america need that help? >> you see the interest come in strong even though provisions for low boxes are higher, -- the credit market is healthy enough to make money, and land aggressively --lend aggressively and you see bank of america benefiting. shares are 6% higher on the day and go forward because in their investment bank, you are seeing help their. you see tomorrow that -- the very high expectations for goldman even after bank of america beat on its income despite telling you that credit products and mortgages are seeing weakness in the market. could that be enough to offset pressures you are seeing in broader trading markets? goldman, as they look to reorganize your business, that balance isn't as big as you have from j.p. morgan or bank of america. both of them are rising today. >> as the
. >> i am kriti gupta and that was mark mobius warning that interest rates will sort to a three decadeigh of 9% and that level would be eye-opening but that could help the banks with net interest income. that has been a big focus. we have shimao domestic -- sonali basak joining us. does bank of america need that help? >> you see the interest come in strong even though provisions for low boxes are higher, -- the credit market is healthy enough to make money, and land aggressively...
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Oct 21, 2022
10/22
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i'm kriti gupta.berg. ♪ >> a threshold should be achievable by erie -- any serious candidates. threshold of 100 members nominating a candidate allows for three candidates potentially to come forward. tom: graham brady for the conservative party. he is the one making the rules. we welcome all of you on radio and television to a most interesting friday. lisa and i are trying to focus on bonds, stronger dollar, yen weaker, the yen is stunning but we must turn to the united kingdom. the bbc has just the esteemed defense secretary, ben wallace, he will not run. the major message for americans on this friday is, don't we wish in america we have the timeline of this race? wouldn't it be great to have a midterm or presidential cycle that goes until 9:00 a.m. on monday. lisa: it is 9:00 a.m. on monday our time that we will find out what happens in terms of leadership. i don't think anyone in the u.k. would say they are in an enviable position. we have tom mackenzie at westminster. i am wondering, you are watch
i'm kriti gupta.berg. ♪ >> a threshold should be achievable by erie -- any serious candidates. threshold of 100 members nominating a candidate allows for three candidates potentially to come forward. tom: graham brady for the conservative party. he is the one making the rules. we welcome all of you on radio and television to a most interesting friday. lisa and i are trying to focus on bonds, stronger dollar, yen weaker, the yen is stunning but we must turn to the united kingdom. the bbc...
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Oct 21, 2022
10/22
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we were speaking from kriti gupta -- two kriti gupta this week.ngs it will be falling more than it has already and if that happens, i can assume that there will be a lot more attrition. hannah: yeah, i have talked to people that said we should expect more layoffs down the line. that is a huge issue for the industry. we are seeing the startups buckle down for the next 18 to 24 months, making sure they have enough cash on hand to outlast crypto winter. i don't think this will resolve anytime soon. people are still invested in the blockchain. emily: bloomberg's hannah miller. coming up, expect big swings next week with big tech results. we will give you a preview, next. this is bloomberg. ♪ emily: another week over, but brace yourselves. next week is a big one with 15.3 trillion market cap reporting results. lots of that big tech. to break it all down is ed ludlow. we are watching big names next week. walk us through it. ed: i feel like we have been dipping our toe with tesla and snap. next week are the big ones, the mega caps that have an important
we were speaking from kriti gupta -- two kriti gupta this week.ngs it will be falling more than it has already and if that happens, i can assume that there will be a lot more attrition. hannah: yeah, i have talked to people that said we should expect more layoffs down the line. that is a huge issue for the industry. we are seeing the startups buckle down for the next 18 to 24 months, making sure they have enough cash on hand to outlast crypto winter. i don't think this will resolve anytime...
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Oct 24, 2022
10/22
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kriti gupta is tracking the moves. kriti: the french indexes of the outperformers.tse mip up 2%. interesting to see the outperformance outside of europe instead of the u.k.. the ftse trailing down .7%. not a big gain. let's take a look across the english channel to look at the stocks europe 600. i am so in the habit of american indexes. a lot of this might be the index -- the week this are seeing in the euro. nevertheless a good kickoff to the week. last week was a pretty good gain. i want to look at a sector breakdown. a broad rally is what we are looking forward to talk about the sustainable move upwards for the equity bulls, not just in europe but around the world. a basic resources section follows the commodities move. it will be significant once again to talk about the sustainability of this rally. there are movers. movers in commodities and basic resources, a lot of that is coming out of china, which impacts one of the mover stories. process is very much related to the china story. down 18%. some of the chinese adr's taking a hit as well. you have engie talkin
kriti gupta is tracking the moves. kriti: the french indexes of the outperformers.tse mip up 2%. interesting to see the outperformance outside of europe instead of the u.k.. the ftse trailing down .7%. not a big gain. let's take a look across the english channel to look at the stocks europe 600. i am so in the habit of american indexes. a lot of this might be the index -- the week this are seeing in the euro. nevertheless a good kickoff to the week. last week was a pretty good gain. i want to...
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Oct 21, 2022
10/22
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guy: kriti, i'm fascinated what you said about the snap story. it is a macro theme, so i'm surprised the market is reacting the way it is. think this could be read into a number of areas. great stuff, thank you very much. shares of snap plunging sharply today. this after the company posted its slowest quarterly sales -- courtly sales growth on record. the stock is down today over 80% thus far this year. joining us for more on this story and everything else happening out there on the tech landscape -- it is busy to say the least -- is ed ludlow. let's start with snap. then starling and everything else. i'm surprised the market is taking this and not running with it and extending it into other areas. this feels like a macro story to me. this feels like a significant add to slowdown. -- significant ad slowdown. ed: how transitory are these headwinds for snap and how permanent are they broadly for social media companies with an ad-based model. this statement was worth paying attention to. the wording. advertisers are cutting budgets, advertisers are
guy: kriti, i'm fascinated what you said about the snap story. it is a macro theme, so i'm surprised the market is reacting the way it is. think this could be read into a number of areas. great stuff, thank you very much. shares of snap plunging sharply today. this after the company posted its slowest quarterly sales -- courtly sales growth on record. the stock is down today over 80% thus far this year. joining us for more on this story and everything else happening out there on the tech...
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Oct 11, 2022
10/22
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i am kriti gupta alongside jon erlichman.e consider that continue to see a lot of pain coming from the biden administration to limit the sale of chip conductors and equipment to chinese customers. joining us now is bloomberg intelligence senior analyst from hardware and networking. walk us through the investment story here. on the one hand when you see this kind of pain, if they pull out of, you do not invest in the stock market but there is still underlined demand globally for chip so why is that not bolstering sector? >> let's talk about the city connector cycle in general. the city connector cycle is typically a leading indicator of the -- the semiconductor cycle is typically a leading indicator of the economy. we see the uptake pre-covid, they were the first ones to recover. now it seems as if they will be the first ones to rollover ahead of a recessionary fear. >> the bloomberg markets live blog is looking at past instances where we have seen the kind of challenges that we are seeing right now. investors are going to kil
i am kriti gupta alongside jon erlichman.e consider that continue to see a lot of pain coming from the biden administration to limit the sale of chip conductors and equipment to chinese customers. joining us now is bloomberg intelligence senior analyst from hardware and networking. walk us through the investment story here. on the one hand when you see this kind of pain, if they pull out of, you do not invest in the stock market but there is still underlined demand globally for chip so why is...
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Oct 19, 2022
10/22
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BELARUSTV
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and after that, you know, it's convenient when you shut everyone 's mouths and kriti.ot enter the ears, but it is very easy for ukrainians. do you know how to manipulate public opinion, but everyone knows perfectly well that ukraine cannot exist in this situation. uh, she's the only player she needs support. and here is the question. uh, the sovereignty of these states. here does the state that consults has sovereignty, and in some e situations, and completely fulfills all the requests of western kurats. in my opinion. no, they removed the program. e your being deeply pregnant, which convinces us that, well, television for you is really not an empty phrase. you love this job and hmm you it's hard not to believe it here, but you were covering just the same elections in the us at that time. yes for you , trump is biden, in general there were some personal preferences. i understand. it will not be easy for the united states of america now, in fact, a period in history, especially 2024, the year of choice, when it is already obvious that the biden team and he personally ar
and after that, you know, it's convenient when you shut everyone 's mouths and kriti.ot enter the ears, but it is very easy for ukrainians. do you know how to manipulate public opinion, but everyone knows perfectly well that ukraine cannot exist in this situation. uh, she's the only player she needs support. and here is the question. uh, the sovereignty of these states. here does the state that consults has sovereignty, and in some e situations, and completely fulfills all the requests of...
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Oct 31, 2022
10/22
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kriti gupta is off for the day. let's turn to overseas develop and.tory in a tight election for the presidency, showing signs of a drastic change in direction for latin america's biggest economy. our shery ahn is in sao paulo, along with bloomberg capital and founder sylvio castro. >> given as narrow a margin of victory in 40 years, it is not really surprising we have seen of volatility in brazilian assets. we still haven't heard from the president himself. is it really understandable that we are seeing investments going down, up, down again? >> i would say it's very hard to make a final prediction on the direction of the markets. it all boils down to the decision that president lula will have to make about his finance minister. as long as he sticks to a liberal economist, we will probably have the benefit of the doubt and markets will continue to behave reasonably well. but if lula decides to stick to his previous guns and bring someone from a more political side and they left-wing arena, i would definitely be more cautious about the brazilian stocks
kriti gupta is off for the day. let's turn to overseas develop and.tory in a tight election for the presidency, showing signs of a drastic change in direction for latin america's biggest economy. our shery ahn is in sao paulo, along with bloomberg capital and founder sylvio castro. >> given as narrow a margin of victory in 40 years, it is not really surprising we have seen of volatility in brazilian assets. we still haven't heard from the president himself. is it really understandable...
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Oct 24, 2022
10/22
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RUSSIA24
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the only thing i could have was such a small kriti. you need to be very careful about the choice of material. uh, when a beautiful girl actress reads a monologue to a woman who has given birth to a child, and she is 16 years old. it looks difficult, because she does not understand that she is playing all the responsibility. and the easiest thing that can happen is to spoil the young formed people, and this is the responsibility. look because it is very difficult to evaluate, for example, only one child. anyway, you evaluate both the teacher and the material that the teacher chooses, and so on for the contestants - this is doubly exciting when their performance is evaluated not only by a wide audience, but also by such measures. now i’m doomedly stepping backstage, parting my hand, but i didn’t play this role and i don’t know the play. of course, i was also worried about going out first, so opening the entire third round is quite important for me, therefore. a little bit my hands were shaking, my voice was shaking, but then everything b
the only thing i could have was such a small kriti. you need to be very careful about the choice of material. uh, when a beautiful girl actress reads a monologue to a woman who has given birth to a child, and she is 16 years old. it looks difficult, because she does not understand that she is playing all the responsibility. and the easiest thing that can happen is to spoil the young formed people, and this is the responsibility. look because it is very difficult to evaluate, for example, only...
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Oct 7, 2022
10/22
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kriti: the stock market is down two point 5%. the nasdaq is down almost 4% on the session.g back from jobs day, good news for the economy, bad for the equity market. a gain of 8000 jobs, yields up only 4%. -- four basis points, excuse
kriti: the stock market is down two point 5%. the nasdaq is down almost 4% on the session.g back from jobs day, good news for the economy, bad for the equity market. a gain of 8000 jobs, yields up only 4%. -- four basis points, excuse
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Oct 12, 2022
10/22
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try it for free at ziprecruiter.com try it for free at ziprecruiter.com kriti: ritika: pepsi raised itsast for the full year despite rising inflation. it's paying higher cost for commodities, the maker of soft drinks and snacks reported third-quarter earnings above wall street estimates. intel is planning job cuts pop -- probably in the thousands as there is a weakening demand for personal computers. it could happen as early as this month at the same time as they report earnings. that's your latest business flash. alix: this comes on the that sales for the third order will be down 20%.they haven't seen that kind of number in two decades. that is bad on a macro level and then you throw in ship issues between the u.s. and china. this is a macro weaker story. guy: it is, who is shocked by this? everybody i knew when out and bought new pcs during lockdown. your kids had to work from home and everybody need to computers. i don't know anybody that should be surprised. the number of new computers needed then versus now is completely different. it is a macro story. alix: gary schiller will be j
try it for free at ziprecruiter.com try it for free at ziprecruiter.com kriti: ritika: pepsi raised itsast for the full year despite rising inflation. it's paying higher cost for commodities, the maker of soft drinks and snacks reported third-quarter earnings above wall street estimates. intel is planning job cuts pop -- probably in the thousands as there is a weakening demand for personal computers. it could happen as early as this month at the same time as they report earnings. that's your...
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Oct 17, 2022
10/22
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kriti gupta, thank you. let's talk about what is going on the next 24 hours. interview with brian moynihan at 2:30 your time. -- new york time. alix: jamie dimon on friday was talking about how consumers would run out of savings by 2023 so i would love to get his take on that. we get earnings out for netflix and united airlines. you have seen a powerful rally. maybe a relief rally. we got through the u.k. crisis. how do you buy on this kind of thing? next week is the big earnings week. guy: we have a lot to get through in terms of earnings. that will be a huge focus. you wonder if the market feels technically driven rather than fundamentally driven right now. alix: i love me some technical. always the fun part. that wraps up monday. now we get to tuesday. the executive chair will be joining "balance of power." it is going to be really good. also tune in on digital radio at 12:00 new york. this is bloomberg. ♪ >> from the world of politics to the world of business, this is balance of power with david westin. ♪ david: from bloomberg world headquarters in new yor
kriti gupta, thank you. let's talk about what is going on the next 24 hours. interview with brian moynihan at 2:30 your time. -- new york time. alix: jamie dimon on friday was talking about how consumers would run out of savings by 2023 so i would love to get his take on that. we get earnings out for netflix and united airlines. you have seen a powerful rally. maybe a relief rally. we got through the u.k. crisis. how do you buy on this kind of thing? next week is the big earnings week. guy: we...
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Oct 21, 2022
10/22
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kriti: when you have a lot of green on the screen you have to celebrate to some extent.hat you are seeing with the s&p 500, potentially ending the week on a high not that high note. that is good news when it comes to the stock market. you have to take your wins when you can get them, especially for the bulls. the question is, is it a sustainable rally? from a macro fear a lot of people are saying it is earnings-driven. if that is the story, as you start to see the sum of all parts add up to the whole, pushing the benchmark higher, remember, 2 trillion dollars of options expiring today, so there are windows of liquidity. a lot of volatility, that potentially helping people get set up for the trading story next week ahead of big tech earnings. i want to get to the oil story. that one is a significant as well as you see oil traded in a range. oil stocks, however, rallying pretty big. halliburton, baker hughes, all up. baker hughes said some of those supply issues, think the rubbers they need, the fracking equipment, all of those supply chain issues, acre he was says it is i
kriti: when you have a lot of green on the screen you have to celebrate to some extent.hat you are seeing with the s&p 500, potentially ending the week on a high not that high note. that is good news when it comes to the stock market. you have to take your wins when you can get them, especially for the bulls. the question is, is it a sustainable rally? from a macro fear a lot of people are saying it is earnings-driven. if that is the story, as you start to see the sum of all parts add up to...
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10.0
Oct 19, 2022
10/22
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and after that, you know, it's convenient when you shut everyone's mouths and kriti.ot enter the ears, but it is very easy for ukrainians. and you know, to manipulate public opinion, but everyone knows very well that ukraine cannot exist in this situation. uh, she's the only player she needs support. and here is the question. ah, state sovereignty. here does the state that is being consulted have sovereignty, and in some e situations and fully fulfills all the requests of western curators. in my opinion. no, they removed the program. e your booth. deeply pregnant, which convinces us that, well, television is really not an empty phrase for you. you love this job, and hmm, it's hard not to believe it here, but you were covering the u.s. elections at the time. yes for you , trump is biden, in general there were some personal preferences. i understand that it will not be easy for the united states of america now, in fact, a period in history , especially 2024, the year of choice, when already it is obvious that the biden team and he personally loses the support of america
and after that, you know, it's convenient when you shut everyone's mouths and kriti.ot enter the ears, but it is very easy for ukrainians. and you know, to manipulate public opinion, but everyone knows very well that ukraine cannot exist in this situation. uh, she's the only player she needs support. and here is the question. ah, state sovereignty. here does the state that is being consulted have sovereignty, and in some e situations and fully fulfills all the requests of western curators. in...
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6.0
Oct 17, 2022
10/22
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1TV
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united states secretary of the treasury janet yen in clear kriti.s european colleagues, e, to increase aid to ukraine, and what do you think right there right there in washington, e, vice-president of the european commission valdis volonskis said that in the coming weeks the european commission will present a plan for financing ukraine and today in luxembourg a meeting of the ministers of foreign affairs of the european union took place, following which the eu countries approved the creation of a mission for the training of ukrainian soldiers, and in the countries of the european union they approved a new tranche of military assistance to kiev for e, 500. e million dollars. yes, this reminds me of this. uh, the famous soviet statement the party said it was necessary komsomol answered there is nikolai yuryevich well , really, only if you remember the soviet statements, after all, in the soviet country, in addition to answering, there were still very developed sabotage skills at different levels, the order of the authorities. here i would like to wish
united states secretary of the treasury janet yen in clear kriti.s european colleagues, e, to increase aid to ukraine, and what do you think right there right there in washington, e, vice-president of the european commission valdis volonskis said that in the coming weeks the european commission will present a plan for financing ukraine and today in luxembourg a meeting of the ministers of foreign affairs of the european union took place, following which the eu countries approved the creation of...
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Oct 19, 2022
10/22
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this is bloomberg stop ♪ kriti: keeping you up to date, alix:isa: the u.s.ilitary claims 18 drones were shot down overnight. officials reported more attacks against the country's infrastructure and president biden's administration is pressing congress for new authorities to speed up production and transfer of weapons for ukraine stop the hong kong chief executive has unveiled the plan to move foreign talent and ease housing woes to revive the city's status as an international finance hub and they announced they would cut property duties for nonpermanent residents and relax visa rules. years of tough covid policies and political turmoil triggered a brain drain in the city. inflation is keeping travelers close to home in the u.s., new data shows about 31% of americans surveyed plan to travel between thanksgiving in mid-january, down from 42% in 2021. financial concerns of the number one reason and the number of households that expect the economy to we connect year also rose. the delco ceo has resigned after a nationwide service outage that caused chaos in sout
this is bloomberg stop ♪ kriti: keeping you up to date, alix:isa: the u.s.ilitary claims 18 drones were shot down overnight. officials reported more attacks against the country's infrastructure and president biden's administration is pressing congress for new authorities to speed up production and transfer of weapons for ukraine stop the hong kong chief executive has unveiled the plan to move foreign talent and ease housing woes to revive the city's status as an international finance hub and...
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9.0
Oct 17, 2022
10/22
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in the west, such as macron or josé barrel, who talked about possible nato retaliatory steps by the krititions of nuclear deterrence , plans, like, do not show about it, do not disclose it. e said, for example, ben wallace and the secretary of defense of the united states, the secretary of defense of great britain in any case. we're going to take a break now, and then we'll talk. about china , she was born for figure skating, from here to there it sometimes seems that she does not slide on the ice, but as if hovering over it, there are emotions. the main star of the first stage of the russian grand prix of the best tournament in land with world-class rivalry and skill hot ice on the weekend at your first birthday magnet the most delicate ice cream in exquisite chocolate icing is a pure line of unrealistically delicious ice cream. hook especially when the fsb is close at hand, we believe in people, an innovative drug for the treatment of respiratory infections and the prevention of bacterial complications has a single, antiviral and antibacterial action allows you to return to normal life
in the west, such as macron or josé barrel, who talked about possible nato retaliatory steps by the krititions of nuclear deterrence , plans, like, do not show about it, do not disclose it. e said, for example, ben wallace and the secretary of defense of the united states, the secretary of defense of great britain in any case. we're going to take a break now, and then we'll talk. about china , she was born for figure skating, from here to there it sometimes seems that she does not slide on the...