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for nearly 160 years, pnc bank has been brilliantly boring so you can be happily fulfilled... which isun-boring if you think about it. ♪ >> one of wall street's bears is turning positive. michael wilson see is a record high of about turn from his previous view. >> i would not be surprised, think about this year, we had three similar outcomes. one was a soft landing consensus and that you have a no landing re-acceleration with stickier and way shannon stagflation. and then you're back to a soft landing. you cannot roll out a recession. these could all happen with a higher than normal degree of certainty. that is the headline, no one knows any. at a point in time, our mistake was we do not know as much as everyone claims to, that is humility. anyway, the point is our report in this update was about how to make money when you have zero upside and that is what clients pay us for, how will we navigate that? we talked about sector ideas. that's not the headline people want to write about, but that is what we want to talk about. >> we will talk in a moment. are you saying the price target is

because it's smart, dependable, and steady whole words you want from your bank for nearly 160 years, pnc bank has been brilliantly boring. >> so you can be happily fulfill which is pretty and boring if you think about it phone call from the boss, sorry outdoor time. it's metastatic and it to the boss. that sounds fine. we have sort of a flat hierarchy. so flow isn't the boss. >> you can say, i'm a boss at helping people save when they bundle very cringy, you give and you give, now you get with straight talk wireless, you get unlimited data and you get to choose who gets on your family plans starting at just $25 a line, doesn't have to be family more leinz more savings switch to straight talk for plants started think as long as $25 a line, there's not the bell on the subway series foot-long, except when you add on an all new foot-long zach kick, we're talking about $2 foot-long cheer row, three foot-long pretzel kind of $5 footlong cookie. every effort foot-long deserve a perfect sidekick water one would your favorite subway series sub today if you're shopping for a whole realtor, dot real com

for nearly 160 years, pnc bank has been brilliantly boring so you can be happily fulfilled... which istty un-boring if you think about it. ed: these are some other stories we are following. reka is a producer of large language models and would enable snowflake to offer ai capabilities. it was valued at $300 million in 2023. ingram micro is preparing to move to ipo, that could raise $1 billion. they are considering seeking a valuation of $10 billion. the company has been working with goldman sachs and morgan stanley. microsoft avoids a u.k. antitrust probe for its partnership with mistral ai. a watchdog group reversed their decision saying microsoft does not have the ability to "materially influence mistral's commercial policy." caroline: quite the frenzy at the start of the weekend, the meme stocks. that's coming to a halt. gamestop falling for a third conservative day. let's break it down. gamestop and amc really soaring at the beginning of the week. amc made the most of it and now gamestop is trying to make the most of it. >> they were able to capitalize that, raising money through s

for nearly 160 years, pnc bank has been brilliantly boring so you can be happily fulfilled... which isy un-boring if you think about it. so, what are you thinking? i'm thinking... (speaking to self) about our honeymoon. what about africa? safari? hot air balloon ride? swim with elephants? wait, can we afford a safari? great question. like everything, it takes a little planning. or, put the money towards a down-payment... ...on a ranch ...in montana ...with horses let's take a look at those scenarios. j.p. morgan wealth management has advisors in chase branches and tools, like wealth plan to keep you on track. when you're planning for it all... the answer is j.p. morgan wealth management. ed: it is time for talking tech. source code capital is raising one of china's largest b.c. fund with a target of $300 million according to sources who say the goal is per luminary and could change. source code capital was one of bytedance's earliest backers. tiktok is making it easier for content creators to make money. although unofficially announced, users have noticed the threshold to drop the affi

off because it's smart dependable in steady all words you want them your bank for nearly 160 years pnc bank has been brilliantly boring. so you can be happy to fill which is and they're all coming? those who are still with us, yes. grandpa! what's this? your wings. light 'em up! gentlemen, it's a beautiful... ...day to fly. and ask about the bosley guarantee i'm mj lee at the white house and this is cnn it's may 13 right now on cnn this morning, michael cohen's set to take the stand. >> how trump's former fixer could become the star witness in trump's hush money trial today, plus y partisan backlash for president biden after his warning to israel about us weapons shipments and a rare sight in the skies above washington's civilian aircraft flying right over the national models heavily restricted airspace are pecan team was in the sky all right. 6:00 a.m. here in washington alive. look at the white house on this monday morning. morning, everyone, i'm kasie hunt. it's wonderful to have you with us. that's you had a happy mother's day yesterday hey today's gonna be a busy one here the stage is

for nearly 160 years, pnc bank has been brilliantly boring so you can be happily fulfilled... which istty un-boring if you think about it. caroline: the last of the so-called magnificent seven stocks on wednesday, nvidia, important to the overall stock market. it's make or break, the third major player when it comes to the nasdaq 100 in terms of capitalization. we want to see how much there is commitment to ai chips, infrastructure buildout, buying the company's products. joining us now with a preview of what to expect, our bloomberg intelligence analyst. it's not often the anticipate revenue growth in excess of 200% for a company. how can we live up to it? >> there's been no lack of demand signals last quarter. the largest customers, hyperscalers, they have all increased outlook for capex spending this year. the biggest supplier has given positive commentary about ai demand continuing for the rest of the year. when you look at and it easy and other regions increasing spending nai, across-the-board we have significant, strong, real demand signals coming in for the company and feel good

for nearly 160 years, pnc bank has been brilliantly boring so you can be happily fulfilled... which isretty un-boring if you think about it. katie: elf beauty crushing earnings estimates the passing month billion dollars in sales for the first time. also issuing weaker than expected guidance. many fields is here. sales are absolutely flying today. i see them up on my screen. some of that guidance. analysts have been expecting $3.56, so a bit of a disappointment there, but looking through the notes and the past quarters, this seems like it is a strategy for you guys to under promise. talk us through that. why give conservative guidance, going ahead? mandy: i am pleased where we have landed. 77% net sales growth. it is building strength upon strength. 20 to 22% sales growth. as i said, strength on strength. we are being prudent with our guidance. we have been very balanced in our approach. katie: one quarter at a time. what are you seeing, in terms of demand? you said strength on strength, but many fears about the consumers starting to pull back from maybe spending less on discretionary

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for nearly 160 years, pnc bank has been brilliantly boring so you can be happily fulfilled... which istty un-boring if you think about it. ♪♪ sandals jamaica sale is now on! with rates from $199 per person per night. visit sandals.com or call 1-800-sandals caroline: time now for talking tech. first up, nintendo says a successor to its switch game console is on the way. the announcement is coming after it forecast a degree than expected profit decline for the current fiscal year. the company's president said the new device is said to be announced in the coming year. investors have long been waiting on this news. chipmaker nvidia is investing in u.k. autonomous tech startup wave. the venture is led by softbank group. the cash injection underscores the continued demand for ai, especially among the auto industry. the evaluation of wave, not disclosed. tesla faces a july 1 deadline to submit information to u.s. regulators over their concerns about its autopilot system. the carmaker issued a recall of over 2 million vehicles in december on reports of drivers crashing while using the future.

for nearly 160 years, pnc bank has been brilliantly boring so you can be happily fulfilled... which isun-boring if you think about it. you have to make it. and if you want a successful business, all it takes is an idea, and now becomes the future where you grew a dream into a reality. the all new godaddy airo. put your business online in minutes with the power of ai. katie: time now for social climbers, a look at the stocks making waves on social media. apple's new ipad pro and is drawing fire on social media. the ad shows a giant machine slowly crushing a pallet of creative tools such as instrument, paint, books before it reveals the new ipad. critics say the spot is cruel and tone deaf and being viewed as a metaphor for the pose of the threat of ai. cheesecake factory bring home the dough to investors after the chain reported earnings that beat estimates due to its lucrative rewards program. the stock upgraded to outperform. we have roadblocks reporting weaker than expected -- roblox has raised red flags. you can follow it on the bloomberg terminal. looking at the markets, we have a

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for nearly 160 years, pnc bank has been brilliantly boring so you can be happily fulfilled... which isun-boring if you think about it. sonali: this is "bloomberg markets." i'm sonali basak. jim simons, the founder of renaissance technologies, has died at the age of 86. that is according to a statement published by the simons foundation. it is considered a pioneer of quantitative investing and his technique was so successful, he became known as the quant king. let's discuss it with kathy burton, who has covered much of his legacy. tell us more about what people are saying, what he's most remembered for. >> he is a pretty interesting character. not only was he an amazing hedge fund manager, and no one could ever figure out how he made so much money. also, he was a great mathematician and a great philanthropist as well. sonali: speak about his philanthropy. people speaking about renaissance, and we can talk more about it, it was well known he was hiring people that were not your typical wall street bent. what about his philanthropy? >> he had a large foundation and helped fund other found

for nearly 160 years, pnc bank has been brilliantly boring so you can be happily fulfilled... which is-boring if you think about it. and they're all coming? those who are still with us, yes. grandpa! what's this? your wings. light 'em up! gentlemen, it's a beautiful... ...day to fly. >> from the world of politics to the world of business, this is "balance of power."

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because it's smart, dependable, and steady all words you want from your bank for nearly 160 years, pnc bank has been brilliantly boring so you can be happy to fill which is pretty boring if you think about it. wow i'm arlette saenz at the white house. and this is cnn right back to our top story. >> iran's president ebrahim raisi has been involved in a helicopter crash in a remote part of the country. raisi's condition is unknown and rescuers are having difficulty reaching the exact site of the crash because of what you see right there, fog, bad weather, iran supreme leader is calling for every one in that country to pray for raisi's health and vowing there will be no disruption in iran. government. cnn fred pleitgen was in iran recently for regional elections and he's joining me right now, fred tell me more about what are the expectations about any political reverberations from this incident and the unknown of these incident yeah, i think the unknown of this incident certainly is a big factor in all of us. and i think it was quite interesting that the supreme leader actually came out and ch

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