as she hinted at, the nio _ the national audit office? at, the nio report - the national audit office? as she hinted at, the nio report today . the national audit office? as she hinted at, the nio report today is quite a detailed sorry saga for the government and it outlined several occasions where the government has been very slow at making decisions and introducing policy and even last week we saw another example of this with the government delaying its flagship policy to roll out heat pumps. really, the shelving of this policy can only be in response to a really heavy lobbying from the border industry. there are companies that make gas boilers that would have been obliged to start selling heat pumps under this policy and they were lobbying to delay it and get rid of it but the government has chosen to delay byjust one year. in response to these criticisms, the government has told the bbc it is ready to launch a campaign which provides information on heat pumps as well as making it easier for households to get grants to take up heat pum

today it's nio.let hair cars into the united states because they're price competitive with anything america can produce p including tesla. am if d, it's been working on an a.i. chip to sell specifically to china. how's it going? why's the stock down? lauren: well, amd is up 150% this year. i just wanted to point that out. the commerce if department has blocked this new chip, and now amd needs to apply if for an export license to sell it in china. it actually had lower power, which is what congress wants. they don't want our adversaries getting their best chips to train their chatgpts and to use in their military. but this one they didn't approve. the stock's at 200 now. but china, like nvidia for amd, is about a fifth of their overall revenue comes from china. that's big business. amd down about 3%. stuart: let's get back to bitcoin. this morning it soared above $68,000 a coin, 67,4 right now. it's real close to a record high. lauren: yeah. it could be blastoff all at once, right? this thieling -- fe

uber and nio being some of them. what do you expect today and how does this look different? softbank owning a majority of shares. >> this is a unique situation. softbank holds 90% of the cap table, but there is a soft float on the table. that means even a small sale from softbank could yield a significant decline in the value around the stock. typically, we would say stay away from the situations and like them try to figure out and correct along the way as they start drifting off that stock. >> you are saying stay away from buying after the softbank lock-up period expires? it is too volatile or risky? >> the issue is an immediate risk downside if they start to sell the small float. the upside is the company is out performed over the last two quarters. it has a close affiliation with nvidia. they are building the low power cpu designs that nvidia is using for the a.i. models. it is asset light andattractive. the likes of nvidia are incorporating with the chip design in the next generation super chip. >> you like the company, but buyer beware with the risk you cited. >> it wil

that kind of nio the way it is financed. it is a pay-as-you-go system. workers are paying for today'swhen you make your contr, that money immediately goes to the government. the governmentakes that money and buys a u.s. treasury security that earns interest, and then when it is time to pay benefits that treasury security is redeemed for cash and then it goes to pay benefits. in that transaction in which the treasury security -- when they take your money and they use it to buy a treasury security, that goes to every function that the government pays for. it is paying for firefighters, wheels that eventually the money comes back. the same people put it in when the terms are redeeming that security for a benefit. host: there is a recent update from tara -- terrence keeley and amy po are proposed "the social security sys headed for insolvency largely that it has -- restricted itself in debt equivalents because bonds returnedhalf of what stocks return about 5% a year versus 10%. social security es are running well ahead compared to the canadian pension plan w

jd.com, nio, bilibili among those set to report. that is your week ahead. moment when it comes to about 30 minutes or go into the start of trading here in sydney. we are coming off what was a record high reached last week for australian equities. we are watching to see how much we see further momentum as we saw wall street setting more records as well. early gains, pretty flat at the moment when it comes to trading in sydney following the all-time high. it has been a tremendous run. 16 out of the last 18 weeks, we have seen this rally for australian stocks. a lot of it is to do of expectations of what we might get from the rba as well. elsewhere seeing weakness in new zealand trading on the back foot. singapore nikkei futures looking perky .8%. as was mentioned earlier a lot of focuses on japan today, given it is looking like we are one whisker away from the 40,000 level for the nikkei to do five and whether that continues to drive more momentum behind this extraordinary japanese rally. we have a few data points out today including japanese capital spending

other chinese ev makers moving lower like nio and expeng. >>> and accenture is cutting full-year guidance clients are facing economic uncertainty and pull back spending. shares are up 35% over the past year, but is now on pace for the worst month since december of 2022. shares of accenture up .50%. >>> turning to the latest around apple. shares are looking to recover this morning after sliding 4% yesterday shedding $113 billion in market value after the department of justice unveiled the anti-trust case against the tech giant. the doj calling the ecosystem a monopoly saying it drove the valuation at the expense of con consumers. apple plans to fight the suit. on "mad money" last night, jim cramer spoke out and not giving up on apple. >> i know a loser case when i see one. the united states of of america versus apple is a loser. the decision of the justice department will go on apple. it is one more buying opportunity because the regulators ain't got nothing for you. >> for more, let's bring in alex kantrowitz. alex, great to see you. >> good to see you. >> jim cramer thinks this is a noth

. >> if you look at the makeup of the basket today another ftse 100 100, there is nio and glencore, doe need the rally to stay in tact? >> there is breadth and there is good earnings coming through across the broader market in the uk. it's f the ftse 100 will be led by the materials. it makes up a big part of the index. >> you talked about your managers who quite like financials because of the stability or the stable rate environment, it is a nice sector to own and could boost the uk economy. it is a sector that's confused a lot of people over the years in terms of the reliability of the income or the importance of the income. how important is income given we established as the bank of england may follow suit with possibly three rate cuts this year. how important is that at this stage of the cycle? >> i think they are under owned by people. >> i have a few of them. 7% or 8% yield. >> it comes back to the uk market. you have fantastic income stocks. they very been under owned. people have moved into the growth names. you know, i think if you are in a world where growth is better, having

stuart: the chinese ev maker that i follow is nio, n-i-o. look at them go down. lauren: even in china cutting forecast for the first quarter and expecting to deliver 30,000 vehicles instead of 31-33,000. stuart: got it. down 4%. coming up, president biden and the democrats are ditching the term bidenomics. in fact, in all of march, they only said it once. we have that story. a new poll shows just three in ten adults regularly attend religious services. why such a small number? we'll dig into it. a new report reveals cartels had a major gun trafficking operation on the border and they were being armed with military-grade weapons. border patrol guy chris cabrera telling us if the cartels control the border and mexico, that's next. you're probably not easily persuaded to switch mobile providers for your business. but what if we told you it's possible that comcast business mobile can save you up to 75% a year on your wireless bill versus the big three carriers? have we piqued your interest? you can get two unlimited lines for just $30 each a month. there are no term

nio in focus, it is out with earnings after the bell. currently down by 3.5%.c stocks halting a three-day rally, currently down 0.2%, as we await greater clarity from the npc, as well as data out of the u.s. this is how it is looking in terms of benchmarks. the benchmark in hong kong currently down almost 2%, dragged down by tech, the taiex in the opposite direction, higher by 0.7%. that is it from "bloomberg: markets asia." daybreak middle east and africa is next. keep it here with us. this is bloomberg. ♪ thanks to avalara, we can calculate sales tax automatically. avalarahhhhhh what if tax rates change? ahhhhhh filing sales tax returns? ahhhhhh business license guidance? ahhhhhh -cross-border sales? -ahhhhhh -item classification? -ahhhhhh does it connect with acc...? ahhhhhh ahhhhhh ahhhhhh starting a business is never easy, but starting it eight months pregnant... that's a different story. i couldn't slow down. we were starting a business from the ground up. people were showing up left and right. and so did our business needs the chase ink card made it easy

it is now becoming something -- on the flip side, you see nyo l nio launching a car phone.he device you have on you 24/7 and your car. >> i wonder if that move is attracting more attention from the security point of view we have seen push back around cars in the early stages there has been push back on phones whether the u.s. workers or government workers changing chinese phones into the government buildings if we talk about integration with the chinese player and phones with the cars, there could be security implications. >> the tesla story is one as well government workers and iphones as well with all of those things in china, xiaomi, that's the issue as well. >> have we jumped the lexicon? i have a car with value and that is the message they want to put out. in the late '70s, western markets were snobbish about the japanese cars and now korean cars i've had a hyundai and a japanese car different markets. >> europe is a different equation and if there is an acceptance here and in the u.s. as well with the price point. >> they are under cutting. the car i drive looks like

company was able to raise money in a saudi investment fund to the tune of $1 million tesla, rivian and nio, and more to the upside even though analysts at mizuho have downgraded each of those stocks in the ev space given the ev demand and the rise of internal combustion back again and watch the electric vehicle space there. another stock to keep a close eye on is what's happening overall with shares specifically in chinese oriented at least right now and advanced micro and intel producers moving toward different directions after the ft reported this weekend that the chinese government may look to phase out and try to limit the use of american-based chips and some of the government servers and computers and that dine ammaic v dynamic. >> we'll discuss china later on in the show and first we begin with boeing moving higher after the company announced the ceo dave calhoun will step down in the wake of the latest 737 max crisis shares are down more than 40% since calhoun became ceo back in january 2020 and despite today's move, boeing remains by far the worst name in the dow falling nearly 30%

. >> get me out of this, tesla nio, rivian. >> most of them were higher even though they all got downgradesthe commentary was ugly, and ev demand is weak and liquidity is tightening and they said they look at the market for deliveries and they go 25%, now it's going to go 15% layoff one big competitor and they are cutting prices on every single ev and hybrid that they make so they start at less than $10000. stuart: will we get to america and will they got them in america? we will never let them in. >> i am hesitating on that. >> quickly to the tease, isis took credit for the deadly terror attack input and is trying to blame ukraine he does not want to take responsibility for gross intelligence failure then hall has a report coming a mexican president warren supported crisis will continue if the u.s. does not cave to his demand. watch this. >> if you don't do the things it said need to be done, then what? >> the flow of migrants will continue. >> will obrador be sale if trump or president? up next. ♪ ♪ you were always so dedicated... ♪ we worked hard to build up the shop, save for college an

been better and could have led twice smoother evacuation, but not not a perfectly clean one because nios are hard and one thing i want to talk about is this issue of who we evacuated. your talked about getting accounts on us citizens, but the simple fact of the matter is the united states, nowhere ever requires its citizens to register with the taint department. so in no instance, do we ever fully know what americans are on the ground in any situation? is that correct? >> i think that's 100% correct. and you'll see it playing out today in haiti, you start in the sudan, you started and ukraine start in many other places. very, very difficult. it's a voluntary thing. people are encouraged to register with the embassy, but i don't know of any compulsory requirement to do that. >> and also when we >> evacuated american >> citizens, in efficacy and many of those were in fact dual citizens. is that accurate, general mckinsey >> that's correct, yes >> and many of those folks actually had non-american citizen family members. is that right? >> that is correct. >> so many of them not until the las

other departments are in support of the state department, state, province lead federal agency for nios. that's correct. >> general mckinsey, i agree with that it's a state department on responsible under law again, for requesting the emergency evacuations that correct >> that is correct. and i think actually, i think that's done at the ambassadorial level. take jury i have to check the law, but i think the ambassador can make the decision to execute a neo, but typically it'll be the him or the secretary of state. >> and did the state department specifically embassy cobble have an evacuation plan for afghanistan? >> so, chairman, every every embassy has an evacuation plan for afghanistan. and embassy cabel had had a plan had what we would call an f 77 lists, which is the list of us citizens and their families that are in the country. and we struggled to gain access to that plan and work with them over the the months of july until we finally got a decision to execute the neo, which as i've already mentioned, occurred on the 14th of august. now we worked with the embassy before then, but

meanwhile the average homicide suspect in our nio capitol had already been arrested 11 times, is thatd so we are looking at th arresting time and again as having a detrimental impact on morale, correct? >> absolutely. >> and so your testimony you mentioned comprehensive policing and justice reform act negatively impacting police and numbers of can i ask you what the impact of negative rhetoric by the dc city council towards police has had on officers? >> yes, so the discussions that came out around all of these pieces of legislation and the regular conversation that is the council has about police in general are and the message is loud and clear from the council and ranking file members are receiving that. the council does not like police officers,hey do in the want them doing police work and they don't want them making arrest and don't want them investigating people. that message is loud and drivest and people who those that don't leave the department are apprehensive about doing their job. >> thank you. it's noted becaudramatic incread in particular the areas surrounding the capitol

the national bomb squad commanders advised nio guidelines to conduct 24 hours of monthly training inddition to the certification with. furthermore bomb squads into the technicians seek provisional organizations and industries to increase the knowledge. number two, incident response, bomb technicians face several challenges been called to an incident in which a suspect package or has been identified. first and foremost, they are facing the unknown. only the person responsible for the construction and who the target is and the malicious actions. for the preservation of life and last challenges upon arrival someone with life-threatening challenges that may include the following, the initial intelligence. first responders assistance provided to the responding technicians the only provided a portion of the informati required. determination of the environment, identification of single or multiple■a devices. potential of secondary devices, unseen targeting first responders, location and device, standoff area densely populated with bystanders and civilians, inability to evacuate in a timely

representiv legislation thatd support ukraine has been one of the most shortsighted decisions on a nioimagine. without this decision, ukrainian defenses will be drastically undermined, as well as global confidence in america's resolve will be undermined. that will be the whether it comes from putin in europe or the prc in taiwan. we also face continued instability in the middle east. the horrific terrorist attacks by hamas on october 7 have been followed by an incursion by israel that hasestimated 30,000s their lives. while iran and partners such as hezbollah appeared to be deterr)ed from widening the conflict for now, other iranian proxies such as the houthis and she av expand the conflict and drag in our country. israel's war against hamas has shown the difficulty of using military force alone to eradicate a nonstate actor embedded in a civilian population, especially one that has been adept at using underground tunnels. i worry that prime minister netanyahu's conduct in the war threatens to undermine support for israel long-term, including in the united states. this international su

. >> i was just looking at a clip from nio, from the matrix. joins us right now with breaking news. hi, leslie. >> we obtained a letter, david solomon plans to send shareholders today where he talks about the firm's strategy, his views on the macro environment, and a.i. and china. solomon calls 2023 a, quote, year of execution for goldman sachs, while saying he's optimistic about 2024. solomon says the firm stands to benefit as capital markets rebound. this may be a little more constructive where activity is improving but it is a ways off. as for the broader economy, while solomon says it is proven more resilient than expected and markets are predicting rate cuts, though i think inflation may prove stickier than many anticipate. he said ceos, quote, tell him that economic conditions for the consumer particularly at the lower end of the income strata have gotten tougher and seeing behavioral changes. but the fed now has room to ease if economic conditions start to decline. on a.i., solomon says that it is, quote, important to keep perspective, t