got a buzz kill on newmont tonight.shares slipping more than 7.5% company post a beat on the top and bottom line, but cuts the dividend they are divesting eight noncore operations they aim to focus on so-called tier one assets. now falling to its lowest level since may of 2019. guy? >> remarkable. you think about this for a second the stock market's effectively at an all-time high. gold within $100 is within an all-time high ish, right here's a stock that is probably one-third of its all-time high made 13 years ago. what do you point your finger at you have to point your finger at management, not run particularly well and gold miners historically haven't been run particularly well however, if you think that gold's going to continue to go higher, which i do, and at some point, the underlying equities will catch up, these stocks, all of them collectively are just too cheap here, carl >> you're a fan of the commodity, as well >> the commodity, for sure i was nodding my head,because the irony that gold is at an all-time hig

annabelle: that was the newmont ceo tom palmer speaking exclusively to bloomberg.the stocks we will be watching when markets open in hong kong and mainland china at the bottom of the next hour. stressed chinese developer country garden has received a winding up petition in hong kong for the first hearing is scheduled for may 17. we will watch the news and other developments after local media reported the financial secretary may announce easing of some property curbs. we are also taking a look at baidu and the expectation around earnings there. haidi: baidu is a big one, we are watching in terms of really wanting to see evidence of them seizing the ai advantage to raise the 30% drop and lackluster sales growth really. going to be progress when it comes to the ai. we are going to the next rbnz decision. follow along at -- this is bloomberg. ♪ when you automate sales tax with avalara, you don't have to worry about things like changing tax rates or filing returns. avalarahhh ahhh i think he's having a midlife crisis i'm not. avalarahhh you got us t-mobile home internet

newmont mining hitting a new 52 week low.messy quarter and the ceo of the world's largest gold miner said the stock price is the lowest it will be for a generation as it tries to consolidate its assets. coming up jason chapman, he joins bloomberg technology coming up next. that does it for us, this is bloomberg. ♪ when i was your age, we never had anything like this. what? wifi? wifi that works all over the house, even the basement. the basement. so i can finally throw that party... and invite shannon barnes. dream do come true. xfinity gives you reliable wifi with wall-to-wall coverage on all your devices, even when everyone is online. maybe we'll even get married one day. i wonder what i will be doing? probably still living here with mom and dad. fast reliable speeds right where you need them. that's wall-to-wall wifi on the xfinity 10g network. >> from the heart of where innovation, money and power collide in silicon valley and beyond this is bloomberg technology with caroline hyde and ed ludlow. caroline: i'm caroline hyd

coming up, interview with tom palmer, ceo of newmont.omberg. ♪ katie: it is time for wall street week. and the news of the day is exxon, exploring a bid of an offshore oil development in guyana that could hinder chevron's $53 billion deal for hess. here with me to make sense of it is tectonic financial ceo haag sherman. i promise we would have a broader conversation, but i want to start with exxon's bid to acquire hess' guyana stake. do you see that being successful if pursued? haag: i don't know whether or not it will be successful but it has the prospect of derailing the transaction. it is not surprising necessarily that they are trying to exercise their right of first refusal but it is somewhat surprising as a former m&a lawyer that this was not addressed up front. this deal is pretty far down the road. exxon coming in and preemptively exercising their right of first refusal should have been something that was foreseen by the lawyers and executives at chevron. katie: chevron is adamant that this will not happen, that the bid will ulti

. >> and we know who has a large weight on that index but let's talk about newmont right now becauses lowered down by about 7% a flurry of announcement overshadowed the earnings an revenue beat so this is a copper and gold miner. they are slashing thei dividends, laying off workers, selling off some of their assets as they look to cut cost following their acquisition of new crest. those moves have the stock a lowest levels since may of 2019 >>> doordash though is higher as morgan stanley upgrades th stock to overweight. price target $145. the stock is trading at $121.8 right now. analysts cite the delivery giant's push for gap profitability and its growin grocery business along with th stock's weakness, reportin earnings last week that's the reason why they say buy ends are up about 6% scott? >> kristina, thank you kristina partsinevelos >>> all right, straight ahead, rick heitzmann is back we'll get his stake on the breaking news, filing now to g public plus you'll find out how he' navigating the tech sector surge and what else is hot besides ai we're back right after this. my name'

are you for the 1st time in the history of a medium, all m u t e is the most inclusive diamonds in newmont historic. so we, there's off costs, some level where we need to coordinate bought these bought enemy generals, idaho military. so that have united us for more vision, the reason for new future. the reason for new federal democratic memo, when i say new memo, the global save federal, democrat the union, regardless of race or lanes as a culture of may see these is full of mima. okay, so you're confident when it comes to some time of political transition. if that time doesn't named tom, you can come together on the one national utilizing government will only want to move vision. the vision for the future is mainly to the account, the media that a general must not be a product, and yet i'm a product is any more the must be out. there has to be a strategy to just is believe all through the people with me. i'm all, it has to be military professional. that is on their own cvb of control. we can move on him again to future that the military is a pato bar part of days. those days awful. okay,