shein did not immediately respond to a bbc request for comment.ng place in taiwan. the nvidia ball stated earlier that hundreds of trillions of dollars of business could be generated by the rise of ai. we'll have more on that i had. bye for now. —— nvidia boss stated earlier. hello, and welcome to sportsday — i'm karthi gnanasegaram. here are the day's headlines. sensational swiatek eases into the french open quarter finals, while sinner survives a scare in the men's draw. double delight for the co—hosts at the t20 cricket world cup, as both the west indies and the usa start with a win. and fenerbahce fever — jose mourinho is back in the dugout, and has a message of love for his new club. i promise you that from this moment, i belong to your family. this shirt is my skin. plenty to get through, but we start at the french open — where the quarterfinals are beginning to take shape, but it looks like it will take something special to take the women's title away from iga swiatek. the world number one remains on course for a third successive success at

. >> reporter: for online discount retailers temu and shein. >> all are from the shein mod collection>> reporter: the online retailers surging in popularity, ship goods from china directly to u.s. customers, bypassing import fees, which helps keep import prices down. >> there is an $800 threshold on tariffs for goods coming in from china. these companies keep the amount under that threshold, and they don't have to pay the same amount of tariffs. >> reporter: amazon now looking to fend off the growing competition. cnbc reporting the number one online retailer in the u.s. is planning to launch a new low-priced fashion and lifestyle section with a similar model. >> shein and temu have really targeted younger shoppers, younger gen z shoppers that maybe wants a higher volume of clothes for a cheaper price. amazon has mimicked that. they've tried to keep their costs down themselves, and they're going after sort of social media shopper. >> reporter: amazon plans on more branded items, many selling less than $20, according to a presentation reviewed by cnbc that amazon executives showed selle

shein did not immediately respond to a bbc request for comment. faced hurdles and intense scrutiny over plans to list in the us. the countries finance minister says its domestic auto centers based on fair competition from china's, quote state directed capacity. it will open a 30—day public consultation. 0n the 2nd ofjuly on the matter. turning to the business of sport, let's zoom in on cricket world cup, the t20 format. the month—long tournament is co—hosted this year, between the west indies and the united states. the last t20 world cup was held in australia in 2022, with viewing figures at more than six billion. across broadcast and digital platforms. it is the first time that the united states is involved in hosting a sport where an estimated 90% of cricket fans are from the indian subcontinent. sporting and competition economist patrick massey told us why this is significant. the united states, in modern times, are less involved or interested in cricket, but in the mid—19th century, cricket was the most public support in the united states by a

i think it is worth noting what the rise of the likes of shein and temu has been.t is a different operating model to what alphabet or amazon has followed in the past. they both use what is called direct to consumer, so they are essentially connecting factories direct to the end consumer. you're taking out the middleman. in the case of what happens with amazon, typically it is more of an instance where a business sets up a page or storefront on amazon. then they buy goods from the factories and sell them to consumers, so they take a bit of a premium. what shein and temu does is remove the middleman and offer directly to consumers and because of that can offer lower prices. amazon just announced its new business division. it could be kicking off as early as next week. big question, of course, what sort of demand there is, but we have already seen pivoting or really paying attention to what the likes of shein is doing, for instance, because earlier this year, they cut the price sellers had to pay for clothing lower than $20 an item. it's just that focus on trying to f

. >>> amazon is looking to take on temu and shein and the next source to do it.e'll tell you on the very busy hour on "worldwide exchange" when we return. stay with us. dave's company just scored the comcast business 5-year price lock guarantee. high five! high five... -i'm on a call. it's 5 years of reliable, gig speed internet... five years of advanced security... five years of a great rate that won't change. yep, dave's feeling it. yes. but it's only for a limited time. five years? -five years. introducing the comcast business 5-year price lock guarantee. powering 5 years of savings. powering possibilities. >>> welcome back to "worldwide exchange." we have a market flash on the yen. the currency sitting at a 37-year low against the dollar. the last time the yen crossed the 160 mark in april, the japan central bank intervened. we will have more coming up in the hour. the yen falling to a 37-year low against the dollar. >>> time for a check of the top business stories with bertha coombs. bertha, great to see you. >> good morning. good to see you, frank. openai's

jump in first quarter sales and looks to stand out amid fierce competition from chinese rivals she shein and temu. >>> and prime minister narendra modi meets with allies to form a new coalition government. >>> and cnbc learns that musk converted chips from tesla to x and is raising concerns among shareholders about musk's conflicting priorities. >>> of course, we've been mapping out just how european data is pretty much looking ahead on that ecb decision anticipated tomorrow. a cut is ultimately anticipated for the market. ultimately the ecb is saying they're comfortable with where inflation is on the trajectory of inflation. the question is where does the number go. these are final pmi numbers that are coming out today. so we're looking at the final composite number for the eurozone area, and that comes out at 52.2. that's slightly below the slash figure for 52.3 that we had on that composite data piece. the services pmi comele in at 53.2, slightly lower than the anticipated 53.3. business activity has expanded at the fastest rate this year. just to look at the composite numbers, as i s

it is still a huge question mark whether we which see shein listed stateside.e will monitor more on the story and if this will go ahead in london or in the u.s. or potentially both or perhaps not in any of the markets. for the time being, what we have is shein declines to comment on these potential ipo moves. >>> i want to take you to other stories this morning. wikileaks founder julian assange pleads guilty. this deal will allow him to return to australia. he left the uk where he has been remanded in prison and expected to be sentenced to 62 months of time already served in a hearing on the pacific island. >>> looking at the u.s. politics, it is two days until donald trump and the president joe biden faceo-off on the stag. they have been preparing with biden huddled at camp david holding mock debates and the former president donald trump has been on the campaign trail. we have nbc's alice barr. alice, it is interesting with this debate with no audience. what else is likely to be different this time around? >> reporter: that's right, silvia. we heard former pre

aquí, por ejemplo, les muestro este tiene la etiqueta de safe en shein.a ley, puede revisar las políticas de su ciudad en cuanto al uso de pirotecnia. es mi reporte desde fresno. abraham peña noticias telemundo. y es que en todas las ciudades ni condado se puede comprar estos artículos. vea, un incendio de maleza amenaza algunas residencias en la ciudad de union city. según las autoridades, inició esta mañana y el fuego se esparció rápidamente, por lo que los bomberos intervinieron de inmediato. aún se desconoce la extensión del área afectada. hasta el momento no se han emitido órdenes de evacuación y 2 incendios forestales tienen en alerta a los bomberos allá en fresno. el complejo john 3 grandes incendios en este del condado y varios incendios menores también. en esa. en esa zona comenzó. de acuerdo a las autoridades, este lunes está contenido en un 37% y ha afectado a más de 10.600 acres. se dieron órdenes de evacuación para zonas al norte de elwood road y se abrieron refugios de la cruz roja. y hay varias secciones de la autopista 180 cerradas. tambié

melissa, what can you tell us about these amazon efforts to launch a temu or shein rival?that's what the consumer is seeking out, it sounds like they're going to be maybe looking to check out those offerings that they haven't already. >> yes, kelly. it's gotten very competitive, especially in the fashion space. people are looking for not just price but quality. that's really cutting through here, that shein, while it's been known for that price point, it's very quick to respond to trends. so amazon is feeling some of the heat from that, and know that it needs to lean into the space to keep up when it comes to clothing. >> indeed. you mentioned a moment ago cruise lines. i think that's a really interesting thing to say hey, the consumer is going to be challenged and under pressure. now is the time to look at cruise lines. from your point of view, this is where the consumer sees value. they're still in an experience shall mind shet. >> if you think about that value proposition, cruise today are 30% cheaper than the airline plus resort fees. so the value proposition is double

shein did not immediately respond to a bbc request for comment.isk has said it will spend $4.1 billion to build a new manufacturing plant in the us state of north carolina. the expansion is aimed at boosting the supply of its blockbuster weight—loss drugs. demand for wegovy and ozempic has outstripped supply over the last year, leading to some shortages in the us. 0n on to other events taking place here in the uk today. japan's emperor naruhito will be formally welcomed by king charles and queen camilla for a state visit today. the emperor will be given the full pomp and pageantry of state occasions, welcomed at horse guards parade followed by a carriage procession to buckingham palace for a state banquet. the visit comes at a time when the uk is seeking to bolster trade ties with japan. the japanese economy has been struggling with inflation and a weak yen, losing its position as the world's third—largest economy to germany last year. john nilsson—wright is the head of the japan and korea's program at the centre for geopolitics at the university

shein had yet to respond to a bbc request for comment.d activity" on its database after a group of hackers said they had stolen the personal details of 560 million customers. shinyhunters, the group claiming responsibility, says the stolen data includes names, addresses, phone numbers and partial credit—card details from ticketmaster users worldwide. the number of customers affected by the data breach has not been confirmed by live nation. the government of the maldives has announced it is to ban israeli citizens from the indian ocean island archipelago, in turn prompting a warning from israel's foreign ministry that its citizens should avoid the country. about 11,000 israelis visited the maldives last year — which is less than i% of all tourist arrivals. now, let's turn to the oil business — the price of the black stuff has edged higher on the news that the 0pec+ cartel has agreed to extend most of its production cuts until 2025. the cuts, which were first agreed in december, were due to expire at the end of this month. so what does this

shein did not respond to a bbc request for comment.e uk, former fujitsu engineer who helped to design the faulty horizon software at the centre of the post office scandal is said to give evidence for four days this week, starting on tuesday. he will be questioned over his involvement in the scandal where horizon made it look like money was missing from branch accounts, this resulted in more than 900 sub boat masters being wrongly prosecuted, the bbc�*s emma simpson has the details. the former fujitsu engineer who probably knows more about the horizon system than anyone else. now we are to hear what garethjenkins has to say about the faults. garethjenkins has given evidence over four days, the longest run of questions and a witness in this enquiry has faced. he is now become a key figure in this scandal. his name keeps popping up. that's because from 2005, he was pivotal in helping the post office defend horizon when he became an expert witness. here is why he is so important. he gave evidence in a number of criminal trials against post

. >>> shein is planning to file an ipo in the uk.w the $66 billion estimate from last year. >>> and india polls predict narendra modi winning the latest general election. >>> a new report from the iata says the airline industry is set to generate $30 billion in net income this year and above the previous estimate of $25 billion. >>> here is what to watch today, it is all about the unemployment and jolts. we get a read on the global supply chain with ism services on wednesday. the final stretch of earnings season is upon us as hpe and campbell's and lululemon report. the ecb is expected to cut rates for the first time in eight years. we are keeping an eye on nvidia ahead of the 10 for 1 stock split on friday. owners of stock will receive nine additional shares after friday's close. let's siee how the markets are happine shaping up ahead of the market open today. joining me now is erin gibbs from main street asset management. erin, good morning. >> good morning. >> how do you see today shaping up? what is your "wex" word of the day? >>

there is one in the pipeline we are watching closely being shein.ome saying this is exactly what we need for the uk stock market. modern and techie. we are not focused on the esg. others say this is everything bad about coming to the market. it doesn't tick any box. what do you think of shein? >> we look at the 2021 window which the ipo market was big. what is more encouraging for sustainable open market this time around is if i look at the companies coming, consumer stocks and industrials and defense companies and tech as well. it is a broader group of sectors and regions represented which is therefore giving investors more choice. >> if you don't have tech coming to market and you don't see a reshaping of the companies listed on the exchange, is that a negative in this day and age with the a.i. phase? >> i look back to what's fundamentally driving equity markets which goes back to the interest rate points. we had a long bull market driven by interest rates. last year was re-pricing of interest rates from north of 4% to 5%. that was challenging for

. >> i thought the backlogs with shein coming to london.s it the fact that they look at the united states and shein, for example, will shift from the united states to london not necessarily because it is the market they want to go to, but with regulations and they are forced to go in. will they take everything they can and boost the stock market ultimately? >> i think for the second half of 2024, india is going to be strong in ipo as well. it is just simply because the fundamentals are there. their economy is very stable and their central bank, the european central bank has already cut interest rates which is very welcome by investor looking forward to the ipo. a couple of the large ipo candidates are switching the ipo destination because of the geopolitical tension and regulatory environment, et cetera, et cetera. i think it has the ideal attractiveness with all of the industries. >> do you want to touch on the type of companies and the problems for asia as well? >> of course. the major reason for asia-pacific slowdown was because the asia

i know it sounds great, temu, shein, it's not just about the products.it sounds crazy when you say it, mind controlling algorithms, you see what happens with teenagers with tiktok, that's what the chinese apps are doing. it tells us two things. the algorithms, they're selling products, they're dangerous and addictive. number two, big american firms are relying on our relationship with china to break into that market to keep that market share, i'm very concerned because both presidential candidates are talking about continued and heightened tariffs with china. it makes me nervous as an investor. maria: i understand. we don't really know what kind of information these chinese companies are getting from the public, right? aren't they forced to send any information in terms of our data to the communist party? the government of china? >> yes. and we have all these large companies that are going to be complicit in that because they want to make their quarterly numbers. they want to try to break into there. just the general commerce information, i don't need th

liz: from the runway to the trading floor the fashion giant shein is eyeing the ipo not on the new yorknge it would value the company around $63.7 billion and could take place as early as next week, why not here were not sure it comes after marco rubio asked the security and exchange commission to block shein bid to list stateside unless it disclosed certain business practices and their not only focused on the u.s. exchanges, there also concerned with chinese purchases of agricultural land in the u.s. hilary vaughn on capitol hill on why congress doesn't want china down on the farm. >> they say it's a huge national security concern and republicans in the house actually want to figure out how to buy back some of this farmland that is fallen into the hands of beijing but in the meantime they have been able to make key provisions possible in the latest version of the farmville that would protect americans farmland from falling into the hands of our adversaries like china in the first place, i will republican congresswoman ashley hinson said is this time for the u.s. government to have the

now shein has denied basically any sort of wrongdoings, basically but there's a key question mark whetheron perhaps before they even list state side. this would actually be good news for the london stock market, but ultimately the key question is whether the firm will manage to overcome some of these concerns exactly to go ahead with this listing. just a final note to say that the company has declined to comment on anything related to potential ipo, john. >> and lastly, "inside out 2" is making box office history following its second weekend in the theater, saving the u.s. box office for the summer. what's the latest? >> exactly. so some interesting numbers here. "inside out 2" has collected $100 million in ticket sales in its second weekend in cinemas. on top of that when you think about their global performance, they're also doing very well. they are on track to be the highest grossing film to date with $725 million globally as well. now, i don't know about you. i haven't been to the cinema recently, so i have not watched it. but clearly a lot of appetite here for inside 2. >> my younge

. >> then, what, shein wants to do something? do it already, shein. shein is this hidden force.ly secretive secretive scilla and charibdis for our market. i get the wall street bets are wall street gets betts. i get their bulletins in the morning, and well, as jensen huang would say, super funny. laughing on the inside. >> that's a good one. yeah. maybe it's your timing, jim. >> look, i -- you go to reddit -- i have two redditor kids. what do you think about the debate on thursday? it would be, like, well, yeah. i looked it up on reddit. any takeaway? no, it's on reddit. what's it say? >> one of the things that while you were away, jim, were strategists upping their targets for the year, in some cases to 6,000. evercore today, even stifel, which is not constructive, says it might melt up to six. >> we don't want that stuff, and i don't think it's going to happen, and i think we're going to mark some time. we're going to get the quarter soon, for heaven's sake, and let the quarters tell us. obviously, there's a big problem in the market. there's this cohort of 300 to $500 billion

the move would see it more directly compete with offerings from discount upstarts like temu and sheinppear as a new section on the website. for now it's only available to invited sellers. >>> and dunkin' donuts is rolling out its summer 2024 menu which includes five new items like the bonfire s'mores frozen coffee and a s'mores cold brew. they're available now across the country but for a limited time. >>> that's your cbs "moneywatch" report for this thursday morning. i'm shanelle kaul, cbs news, new york. >>> a groundbreaking new study is raising questions about whether daily multivitamins actually help people live longer. researchers at the national institutes of health studied the medical records of nearly 400,000 healthy americans over 20 years. they found that taking a daily multivitamin did not help extend their lives. experts say it's best to get your vitamins from food. >>> up next, history at the nba draft. this year's number-one pick has something in common with last year's pick. ast year's pick. these new menu items at panera are perfect tens. they're also each under $10. m

the online fashion giant shein is reported to be about to float on the london stock exchange, the initial could be 50 million pounds. it was was turned away by the regulators of the new york stock exchange because of its perceived links, new or otherwise, to the chinese government. you're watching bbc news. there is ready for mr. benjamin netanyahu, will soon be forced to choose from and agree to the cease-fire deal with hamas back by the white house, or keep his government in power. the deal which president biden outlined on friday 30 leads to a permanent, skits may be prepared to accept. but his coalition includes the thyroid defense minister who today that the far-right minister who today said he would quit the coalition if this is fair do is agree to 8news poll suggests 40% of the province of the deal, 37% are opposed, 40% believe that you would put a final end to the war in the gaza strip whereas 34 percent believe is vote for one day return to fighting even if an agreement is signed. generally from tel aviv tonight is the political analyst from israel, in washington, a former u.s. d

shein a family that was quite involved with a fashion we see her as a as an unhappy one year old osild in 1874 with her mother and mother is the hgh of fashion for 1874. you see an illustration in her from harper's of 1874 where she's wearing almost t e. so she she came into the world harper's bazaar, incidentally was founded in 1868, and the first international magazine in a fashion, and it was published all over the world with months of preparation shown at the same time. so the people in budapest and the people in milan and the people ind people in waterloo, iowa, all the same images to inspire them. as a nine year old, you can see she was already interested in fashion. she's wearing a gown that is that is made with with silk satin. and it's all puffed and ruched. and she's wearing this very unusual color, which, of course, really came from, you know, who queen elizabeth first was the 1870s was a time of great■# revival. they were constantly revival. we've reviving the fashions of thee today,rethink you know, wee inventing what we're really doing is we're just grabbing from the pa

the biggest concern is if the biggest advertisers are shein and temu.stock. it is buy, do not hold or sell. suggesting that nvidia can keep powering higher from here. going to $200. vic was off after this round, own it, do not trade it. more mad money ahead. i am sitting down with the pg&e ceo to see what the company is working on. apple has shot to a record high this week. my sticking to the owner do not trade it thesis. and then we will have all of your calls in the lightning round. stay with cramer. new projects means new project managers. you need to hire. i need indeed. indeed you do. when you sponsor a job, you immediately get your shortlist of quality candidates, whose resumes on indeed match your job criteria. visit indeed.com/hire and get started today. at corient, whose resumes on indeed wealth management begins and ends with you. we believe the more personal the solution, the more powerful the result. we treat your goals as our own. we never lose focus on the life you want to build. and our experienced advisors design custom built strategies

shein is set to file for ipo in london as soon as this week. offering could value the company as much as $64 billion and it could become one of the u.k.'s biggest ipo's ever. it was looking at london after judge it unlikely the sec would approve a new york public opening. after it posted what appears to be a $160 million position in the retailer. ares positioning it as one of the company's five biggest investors. shares of paramount are trading higher. david ellison's latest offering includes the option for shareholders to cash out for about $15 a share. it is the latest attempt by ellison to sweeten the terms of the deal has faced opposition from some investors on. it is a 26% premium to friday's closing price and only on some shares. for more on the story, we are pleased to welcome chris palmeri. is that why we have not seen them fling themselves to that price? >> people will not be able to sell all of their shares at that price. there still a lot of uncertainties. we know some of the points but we do not know everything. this amounts to a gi

. >>> and shein is preparing to file paper work for a london float this week according to sky news.he ipo could value the company at 50, 5-0 billion pounds. >>> and gamestop shares are surging in pre-market trade after the meme stock mania of 2021 which was dubbed roaring kitty. revealed a $116 million bet on the retailer. >>> coming up on the show, we will have the latest from the annual summit after the break. switch to shopify and sell smarter at every stage of your business. take full control of your brand with your own custom store. scale faster with tools that let you manage every sale from every channel. and sell more with the best converting checkout on the planet. a lot more. take your business to the next stage when you switch to shopify. what is cirkul? cirkul is the fuel you need to take flight. it's the energy that gets you to the next level. this isn't just water, it's the water you need with the results you want. a state-of-the-art cartridge lets you transform your water with the energy and electrolytes you need for peak performance. try cirkul, now available at walma

lauren: yeah, they're planning to take on chinese rivals shein and temu by offering chinese shippersrket and discount marketplace and amazon discount marketplace share as high of 197 a few moments ago. stuart: amazon creating that marketplace for cheap chinese imports. lauren: yeah. stuart: blackberry. lauren: now a cybersecurity company and up 13%. they still lost money but less than expected and inducing a positive cash flow at the end of the year. stuart: tonight is the cnn presidential debate between trump and biden at the white house and edward, will we hear a lot about bidenomics tonight? reporter: probably not the word but a lot about jobs specifically. we did a little fact checking of the president here and president biden likes to say this, listen. >> the plan's working. you know, we have created 15 million jobs since we took office. reporter: brushing over the fact that the covid shut downs when it's convenient for him and according to the bureau of labor statistics and economy added back all the jobs lost in the pandemic and created 6.2 million jobs. president biden postin

but republicans shein congressional republicans that it was no more than a standard before the electionhad this to say: if you're concerned about the body would have - had this to say: if you're concerned about the body would have done i about the body would have done something bad in a long time ago. we don't know what is on this. the devil will be on the details here, i can assure you. devil will be on the details here, i can assure you-— devil will be on the details here, i can assure you. staying in the us, the trial of— can assure you. staying in the us, the trial of the _ can assure you. staying in the us, the trial of the president's - can assure you. staying in the us, the trial of the president's only . the trial of the president's only surviving son, hunter biden, has continued today with opening statements in the first witness testimony. the 54—year—old faces three charges tied to the possession of a gun while using narcotics, and has pleaded not guilty. most of the evidence today as in one sense come from hunter biden himself. the prosecution has been playing excerpts from t

. >>> amazon plans to launch a discount store front to compete with temu and shein. an amazon spokesperson wouldn't comment on the plans but says they're always looking for new ways to work with their selling partners. >>> yesterday the south by southwest festival dropped its u.s. army sponsorship for the 2025 festival following pushback from 2024 artists who pulled out of the line-up because of that army sponsorship that happened back in march. >>> nbc announcing plans to use an ai-generated version of al michael's voice during the olympics coverage featuring a near perfect recreation of the legendary broadcaster's voice. michaels says he was initially skeptical of the plan but hearing the recreation and user customization changed his mind. >> kate rooney, thank you. >>> coming up, a new poll finds more americans are seeing red when it comes to growing green. when it comes to growing green. we'll before my doctor and i chose breztri for my copd, i had bad days. [cough] flare-ups that could permanently damage my lungs. with breztri, things changed for me. breztri gav

this is china policy because shein and temu, they get expedited clearance. they sell cheap. stuff.customs duties. would amazon get that same treatment? one would assume. we don't know that. so they're trying to do the shipping between 9-11 days. a lot of americans that use tem if u, for instance, have to wait forever. can amazon do it in under two weeks? that's the question. one more thing on amazon, fifth company to pass $2 trillion market value. the average a price target, it's at $195 now, it's 220. so they've got room to grow. stuart stuart they do, indis'd. have a look at nvidia, put it on the screen, please. 124 is the price. their ceo is going to address the competition, or he has addressed it. lauren: yeah. it was the first annual shareholder meeting. jensen huang's not worried about the competition, and he laid out strategy to maintain their dominant if position. nvidia chips are available on every cloud service is, on every computer maker, and they're looking for markets they might not have touched like industrial robotics. so different ways to grow. stuart: okay. next on

to launch a discount store to go after the ultra-low cost but often ultra-low quality of temu and shein. those have become the most powerful apparel makers in the woshld. now that amazon is rolling out a similar discount story to compete against them, i don't envy they prospects. with walgreens, amazon taking no prisoners, tnp. amazon missed the estimates by a mile, causing the stock to cascade back to the lowest level since 1997. it will close a significant number of money -losing stores. tim wentworth didn't mince words on the conference call. "the severity and challenges of the operating environment have only added urgency." he went on to say, we are at the point at the point where the current pharmacy model is not sustainable, and challenges require we open the market differently. no wonder the stock was down 22%. wentworth's ideas include putting money behind the pharmacy business, because that business is still good. that doesn't mean opening clinics as walgreens has a stake in village md, which they intend to monetize, although i don't know how. walmart recently closed its 51 hea

shein's ipo could be one of the u.k.'s biggest ever.e likely that s.e.c. would approve it to have an ipo in new york. former president donald trump joined tiktok over the weekend. it was a bid to court younger voters. both trump and president biden are active on the app that they have both publicly called to ban . trump joined its first office conviction on 34 felony counts. shares of nvidia and amd both gaining in their pre-market, at least about 2%. both companies showcased a new generation of chips that came to power the global boom in ai. at a conference in taiwan, they announced a new black while ultra chip for 25. amd also announced plans to speed up production of ai processors. he said companies that do not embrace and will be left behind. this is ceo's math, which is not accurate but correct. jonathan: love that quote. i will use that. more from dani in about 30 minutes. nvidia higher by about 3% in their premarket. coming up, bloomberg's alex webb on nvidia's latest ai announcement. this is bloomberg. ♪ jonathan: live from new

the online fashion giant shein is reported to be about to float on the london stock exchange.tailer was recently turned away by the regulators of the new york stock exchange because of its perceived links — real or otherwise — to the chinese government. the israeli prime minister benjamin netanyahu will soon be forced to choose: agree to the ceasefire deal with hamas, backed by the white house, or keep his government in power. the deal whichjoe biden publicly outlined on friday is one that could lead to a permanent truce and which hamas may be prepared to accept. but his coalition includes the the far—right security minister itamar ben—gvir who repeated today that his party will quit the coalition if that ceasefire deal is agreed. a kan television news poll out last night suggests a0% of the public supports the deal 27% are opposed. a0% believe that the deal will put a final end to the war in the gaza strip, whereas 3a% believe that israel will return to fighting even if an agreement is signed. joining me tonight from tel aviv the political analyst and author of �*the crooked

energy fuels. >>> shein is preparing to file for an ipo in london. a report from sky news that said the listing could value the company at close to $64 billion. that's down slightly from a $66 billion valuation after a fund-raising round last year. after its attempts to list in new york failed regulatory hurdles and got push back from u.s. lawmakers. senior british lawmakers have been questioning a potential listing there as well. when we come back, the latest data on necaerremes.w nc tatnt we've got details right after this break. ameritrade is now part of schwab. bringing you an elevated experience, tailor-made for trader minds. go deeper with thinkorswim: our award-wining trading platforms. unlock support from the schwab trade desk, our team of passionate traders who live and breathe trading. and sharpen your skills with an immersive online education crafted just for traders. all so you can trade brilliantly. every day, more dog people, and more vets are deciding it's time for a fresh approach to pet food. they're quitting the kibble. and kicking

. >> people are worried about meta and temu and shein >> worried about it in what way? rate. >> we see apple leapfrogged microsoft. >> here we go again. >> by the way, best two days for apple in 15 years, jim if you strip out covid. >> talking to tim after the -- tim cook after the worldwide conference, i was kind of -- we were both marveling, like, i was going over some of the research notes, saying, in the press notes, it is ho-hum and is it frustrating? no, they don't need that stuff they just try to figure out what the consumer wants, very novel approach but, again, i keep coming back to the analysts who covered it they cover it -- they tend to view it as being a static company and if you have a cycle, a news cycle and that's the trade, don't trade, and i hate that. >> as a comment of their influence, this notion that they will pay chad gpt in distribution, the presence on the phone is enough of a comp. >> people don't understand that you can have 100 companies that buy a lot of stuff and analysts on wall street would love it there is a group of people called the wo

was -- amazon plans to launch a new discount store aimed at taking on chinese retail giants temu and sheinhenry shine, the dental place. allowing chinese sellers to ship directly to u.s. consumers. the storefront will feature a range of unbranded items, many priced under $20 each. >>> state street global advisers plans to launch the first cryptocurrency fund in partnership with galaxy digital. state street is the third largest etf issuer in the u.s. overseeing $4.3 trillion in assets. >>> and google has added new mobile short cuts to its chrome action feature that will let you call, read reviews for or get directions to a restaurant or other business right from the address bar. google action which rolled out in 2020 lets you quickly perform tasks by typing in specific queries such as edit passwords or translate this page. >>> walgreens out with a new number, adjusted profit of 63 cents a share, that's 5 cents below consensus estimates. revenue beat forecasts. walgreens is now seeing fiscal 2024 profit. the ceo told cnbc that expectations of stronger consumer demand have not played out and

. >>> and she shein is hiking pri. that the average price hikes topping those rivals h&m and zara in the u.s. the company raised the average price for women's dresses by nearly 30% in the past year. biggest increases in footwear. with an average pair of shoes selling for about $41. >>> let's look at the boards this morning still the same story with the cow dow futures off by 130 points. the s&p 500 picking up by more, over 5 points and the nasdaq futures continuing to climb as well, up by 127. it is the same divergence we see every morning with dow futures under pressure and the s&p yesterday closing about 5400 for first time ever. nasdaq also at a new record. want to get over to frank holland with a look at this morning's premarket movers hey, frank >> good morning, becky we start off with tesla, shares up 6.5% ahead of a shareholder vote on the massive pay package today on x musk posted that he expects shareholders to approve it by a wide margin. you had notable investors like baron and altimeter capital saying they'