i am kriti gupta alongside jon erlichman.obileye surging after making its debut. we turn to ed ludlow for more with a very special guest. ed: i am delighted to be joined by the ceo of mobileye amnon shashua. you have gotten your company into millions of additional vehicles before the end of the year. amnon: that is already booked. our plan is to view the spectrum for full autonomous driving as a spectrum of solutions. we started with a basic solution which is our silicon connected to cameras along the car and parking cameras. all this is being used for an eyes on, hands-free driving. and then for modular expansion by adding active sensors to create eyes off solutions. for example, you start with the camera at the front facing camera and you can have eyes off autonomy on highways. you can add imaging radar and condensed traffic. you get a robo taxi. it creates a spectrum of solutions and we have already been shipping the system, 50,000 cars already, with the system. ed: how critical is china to the growth story for your busine

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

. >> 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 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

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

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 see a comp

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

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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. 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

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

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

i'm critical group the -- ritika gupta. kritine area of provement he wants to see. >> people are still looking for work. we would like to see the participation rate higher. we will have to see what is happening there. kriti: joining us is tom gimbel, the founder of a staffing and recruiting company. i want to start with the story of wage growth. as you are looking to perhaps hire more people, what wages to the have against them in this inflationary environment? tom: wage growth went up 5% and we see positive upward mobility in that area. what you see when interest rates are going up, the money isn't free for companies. when you see companies leading the way and overpaying salaries and i know there will be hate coming on that one, but when wages increase exponentially in a short period of time, you have to say there is some overpaying and that was coming from tech companies, venture backed companies that had profit and revenue and they were overpaying for talent. what we have seen is as the interest rates have risen, the companies

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

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, 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

sonali: we are one hour into the trading session, and kriti gupta as tracking the moves. >> we are actuallythe week on a high note. the s&p 500 is up about .5%. comparing that to the nasdaq, little bit of outperformance in the s&p 500. today about two trillions of -- $2 trillion of options are expiring. perhaps prepare for a choppy trading session ahead. snap chat is going to be a major mover, down 30%. gone are the days where one stock on macro concerns is going to take -- tank the entire market. a 30 percent move is not affecting the s&p 500 or sentiment broadly. the 10 year yield, not far behind. only up about one basis point. you can see a lot of pain in the bond market. this is a 12-week run of how much pain you are seeing across the curve in treasuries. the question is, how high can rates go, and is this driven by the peak policy rates and priced in for the federal reserve in 2023? let's bring it back to the stock market. poised for an up week. we are looking at 3% gains. it is the best weekly run going back to july. some good news there. if we could look at the next board, what is cr

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 and i'm kriti gupta. bloomberg invest is taking place today.he 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 financials. here, you don't know exact wh