and that had the threat of reducing the prices on the lme which should now change after saturday's bance. in other news: samsung has regained its position as the world's top mobile phone producer, with shipments rising nearly 8% over the past year, while shipments of the apple iphone have fallen by nearly 10%. that's according to figures from the international data corporation. samsung now has a global market share of nearly 21%. in recent weeks, samsung indicated its profits in the first quarter of 2024 should be more than ten times higher than in the same period last year. biden administration is to give grants to samsung for its chip production in texas, part of its plan to provide more security for high—tech manufacturing. the white house has described it as a major new chapter in the semiconductor industry. olaf scholz has called for an open and fair market for chinese cars. but speaking to students in shanghai, he warned against dumping and overproduction. last week in china, the us treasury secretary janet yellen voices similar concerns about excess capacity in chinese manufactu

arun: one of them being lme's.we see a lot of volatility in the economies in the u.s., europe. india is leading the pack. and we see in india [ indiscernible] we are highly -- we are operating in india. haslinda: there are a lot of challenges including geopolitics and tensions in the middle east on the red sea. might that impact your business? might it impact your experts? arun: right now our exports are not impacted. 80% is in southeast asia and a small percent is in the middle east. nonetheless, looking at the geopolitical situation, perhaps before the world was more fragmented. we have learned to have one market. i'm sure that will be the way to go in the future. haslinda: what are you seeing in terms of the supply of coal this year and in the summer? arun: in general, supply will be affected. [indiscernible] in another couple of years, 90% of the power plants will be closed. haslinda: what assumptions are you making about coal prices in the coming quarters? arun: coal prices are going to move up but not as much

we're keeping an eye on rusal and other miners on the back of lme banning russia.t accounts for 5% of aluminum and 4% of copper. rusal down two.6 percent. chalco currently flat. and catl currently up 3.6%, jumping the most in two weeks ahead of its first-quarter earnings. in the broader market, trepidation, nerves as we saw the attack from iran on israel over the weekend. only china is in the positive. the csi 300 index has been lackluster but today up 1.9% on the back of authority saying it will do more to support. and of course scrutinize the markets right now. keep it here with us. this is bloomberg. ♪ 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

aluminum up 4.9%, nickel on the and l -- one the lme up close to 4% rate let's go back to vonnie quinn is standing by for the reaction to that attack by iran on israel. how it looking across the asian session in the middle east? vonnie: you mentioned that we are looking quite cheery as we headed into the u.s. and european sessions. we had a down session overnight. this was asia's first opportunity to react to friday's u.s. data. and the idea that more cuts monthly off the table at least at the moment for a longer period of time. we did have some risk off sentiment across asia. particularly australia and japan, and korea. not so much in china, we had an obsession, the first in seven sessions in china, because of regulatory support. either way it is giving chinese investors in the mainland some ho that therepe -- hope that there might be more activity in that market. the nikkei was down 1.8% at its lowest level, and ended the session down 0.19%. the yen continues to weaken. we are close to 154. i wanted to point to the shekel. we did see that improved predict traded weaker. it began trad

-- bloomberg commodity index down, remember these sanctions on russian movement of metals into the lme? that's been moving around aluminum and other key metals. complex going on in the commodity space as well, but let's move on as we try to anticipate which way risk assets are going. one of them in full effect, the only risk asset that was actually able to be traded at the time on the initial reports as many had anticipated from iran into israel, we saw the volatility in display when it came to bitcoin on saturday, plummeting now, off by 4% over the course of three days in trading. what are you watching? ed: tesla. it's a big one. i broke the story this morning that the leader a powertrain energy at tesla, one of only four named executive officers, has resigned and left the company. the stock is down 3.3%. we also confirmed elon musk has told staff that 10% of the workforce will be cut in pursuit of cost-reduction productivity and will be given duplicate roles. -- recalling duplicate roles. apple, data showed shipments of about 50 million iphones in the first quarter, down 10% year on

so let lme turn to you directo brennan because as he mentioned, this is of course as we woke up this morning, here an successful operation and defensing against the retal tore yes attack thanks in part to as i mentioned, defensive systems provided by the united states, others in the region. but this is unprecedented. i mean, this type of attack from iran into israel. i want to get a sense from you on how these discussions might be going within the, you know, within the united states and another regional countries in the region, about the different scenarios that could play out if israel responds and if they don't sprespond. what are the conversations sounding like at this point? >> well, think those conversations are ongoing in many capitals horight now not s just washington and tel aviv but throughout the arab world. and it is clear that israel's military prowless was on stark display in terms of virtually shooting down over 300 of the missiles and drones that were directed against israel. and so, i think in the conversation that president biden had with prime minister netanyahu pre