softbank. you for joining us. stacy, i want to start with you. you are focusing on founders that have been overlooked for far too long. what are the priorities for this year? >> we are so excited about the opportunities we have coming into this year. the opportunity fund as it invested $75 million in over 70 companies. we have looked it over 2000 companies. what we know is it is not an easy path, it is hard to pick some of the best companies out there. we are looking for great companies like softbank, companies that have a great founder that are passionate about what they do that has an ipo that can scale and the purpose to make it happen. we are excited to invest in many companies across all sectors, which is representative our portfolio -- of our portfolio today. emily: you have made investments across a slew of sectors. where are the biggest areas of excitement for you as the pandemic drags on? >> to contextualize the opportunity fund and latin america fund softbank is known for this mothers

but there is a whole another group of softbank called softbank group international. america, the opportunity fund, miami are all part of a general idea that there are these pockets of activity where great founders exist and no capital exists or not enough capital exists. there is a definite connection between all of the initiatives. latin america, we came into it in 2019. there is hardly any growth capital there. the last year will be about 15 billion. and a flood of capital from foreign investors really have not been there before. the opportunities are much broader and latin america than we presumed at first. coming in, we thought it would be the usual e-commerce, it has been incredibly broad and deep across these types of markets and industries, there are software companies in brazil giving the american ones the ones -- a run for their money. there is a resilient e-commerce enablement company. you are seeing a lot more high-quality global under been worship coming from these markets that are often much more difficult to do business in. so the founders that built th

from softbank, bloomberg has learned its ceo is making preparations to leave softbank after clashingfounder over his compensation and responsibilities, according to sources speaking with bloomberg. we are seeing upside in the semi conductor side of things. sk hynix in operating profit. they are also investing more than 2,000,000,000,001 -- 2 trillion won in their chinese unit. samsung, we saw their earnings come out. they had a bit of a miss given their large bonuses, but still they reported solid numbers in other parts of the country. take a look at apple suppliers, because that includes samsung as well, but apple smashed their earnings estimates, reporting record numbers for iphone, mac ware. also, revenue declining in japan. let's get to vonnie quinn with first word headlines. bonnie: tokyo's inflation has slowed for the first time since april with moderating five gains offering support for the bank of japan's plans to maintain policy . excluding fresh food, consumer prices and japan came in below estimates. inflation slowed largely due to hotel prices, which stagnated after the e

breaking up, not so hard to do on -- for softbank.he ceo is in top stew split after asking for $1 billion in compensation. we will get to that in a moment but first let's look at the markets. ed ludlow is here looking at the big picture. give us that snapshot. ed: spoiler, they had a great first quarter but the markets first, the nasdaq 100, closing that tech heavy index swinging from gains to losses. i bring up apple. is the big beat going to change the psychology of the market that has been so focused on the outlook for rates and what will happen to those stretch valuation bank stocks with chinese adr under pressure? tesla is down, 108 billion dollars in market cap shares with its biggest post-earnings drop since july of 2009 with semi conductors down. risk off sentiment in the market, the bloomberg crypto index is largely bitcoin and a theory him with other larger market values, let's get to those after hours earnings with robinhood, having a tough time of it in the final quarter of 2021 with equities trading revenue down 35% and t

rishaad: what about the broader story for softbank?are people making of not just that, but this is not the first time we have seen tensions at the highest levels of this company. >> that's right. he was already softbank's second highest paid executive, but again, he felt that his contribution deserves more recognition. bloomberg has reported in the past that there had been a lot of tensions amongst the upper echelons at softbank. part of that they be a function of his philosophy, perhaps his arbitrary decision-making, or at least the perception of such, and we have seen a lot of high executive -- high-level executives leave. he would be the next in a line of individuals who have decided to separate with softbank for whatever reason. i think it is important to remember that we are in the middle of a pretty serious tech selloff, potentially a re-rating of the entire tech sector. there's a lot of questions about the valuations of not just tech stocks but the startups that softbank invests in, if this post-pandemic rally, this surge in act

citi felt that could be a negative for softbank, but softbank up almost 1% at the moment.s is after news that microsoft will allow activision blizzard to continue to reis -- release the next three popular "call of duty" games on playstation. there have been clouds following the deal between activision and microsoft earlier this week. but those will appear on the playstation, so rising about two thirds of 1% at the moment. nintendo rising, as well, that company rated up north. shery: take a look at movers, watching texas instruments because they gave an upbeat sales forecast for the third order. it seems demand for electronic components remain strong. we are seeing it gain more than three point 5%. we are watching johnson & johnson because we had mixed results. they reported guidance for 2022 that these expectations feel the stock is under pressure. microsoft, really interesting comeback in the post-market because we actually thought -- saw it fall in late trading after celebrant demand for the r0 corporate cloud computing services. but then they gave better than expected f

softbank stepping up preparations for an arm ipo. covers tips, joins us now, is the arm deal dead? ian: there are significant groups within both companies that are bowing to what they believe is the inevitability of this not making it through the regulatory process, and that it is just not going to happen. publicly, we need to point out that the companies are both saying look, it is still going to happen, and are sticking with working their way through that process still. emily: what is next forearm if nvidia -- what is next for arm it nvidia can't buy it? ian: softbank has always said nvidia is our plan b. that was what happened before the offer of all the money. the question is how much can softbank raise in the process of an ipo depending on where chip valuations are? bottom line, it is probably going to be difficult for them to get the same kind of return if they were going to be made by nvidia. emily: it is no secret that nvidia competitors didn't necessarily want this deal to happen. listen to what the qualcomm ceo told us a fe

. >> marsella claure runs, an argument text for what we have seen softbank. it's our understanding that that is happening today there have been negotiations for several months marcelo was the ceo of sprint, merged that into t-mobile. our understanding is he will remain a board member at t-mobile and univision he was also behind the wework transaction, softbank getting into that transaction, and then effectively saving it. there is now questions of the longtime value of wework, but a giant in the world of softbank and what was going on in the valley our understanding is he intends to start a new fund, perhaps on his own. we will see, but that is the news >> andrew, he was also very involved in the latin-american fund, looking at companies there. it also raises questions about the succession marcelo claure was potentially seen as one who might be there, and the narrative around that was mats yoshi-san wasn't going anywhere do you think that has something to do with it? >> i have not gotten into the bottom of exactly why they landed where they have having known

and and apex ceo will be sharing his plans for softbank.nikkei is led higher by real estate and materials. all sectors are in the green when it comes to the numbers we saw in eco-data. surprisingly on the upside. we may be feeling the impact of some geopolitical tensions. we are hearing from the japanese coast guard that north korea might have fired ballistic missiles. south korea says north korea fired and unidentified projectile. they have been firing missiles this year. it would be the fourth missile launch in january. the kospi is losing for a third session of losses. bond futures tumbled after the warning inflation will remain elevated. we are watching the korean won losing ground against the u.s. dollar. haidi: lots of focus on the labor markets on the supply chain situation in australia. a hit to the recovery in the first quarter as a result of the spread of omicron as implications we see as a result. this is how the start of the week is looking in australia. a mixed session when it comes to trading in the equity session. outperformi

softbank has control over the company.t we have been hearing from sources is the fallback plan is to take on public in an ipo. the market has been strong for chip companies overall. we are heading into some tumult, so time is of the essence if they want to take this company public. it may be best sooner rather than later. haslinda: peter, thank you. here is the latest business flash. microsoft posting gains, but slowing revenue. the sales -- u.s. sales of 46% fell short, as they compete for big contracts. overall, second-quarter revenue climbed 20%. activision's call of duty franchise is staying on sony's playstation despite the acquisition by microsoft. activision will release the next three games in the series on the sunday platform, while rolling that came out on microsoft xbox. still to come, oil at about $85 a barrel, as there are focuses on u.s. stockpiles and tensions over ukraine. we will have more with our every day in business brings something new. so get the flexibility of the new mobile service designed for you

. >>> and softbank confirming the coo marcelo claure is leaving the company. he was seen as the right-hand man. dom. >>> silvana, thank you when we come back, could investors be getting the fed story wrong? we'll ask one market strategist and go to the charts >>> as we head to break, check out the biggest dow movers apple is in the mix. visa is up 4.5%. apple up 4%. salesforce up 4% stay tuned "worldwide exchange" returns after this break as a business owner, your bottom line is always top of mind. so start saving by switching to the mobile service designed for small business: comcast business mobile. flexible data plans mean you can get unlimited data or pay by the gig. all on the most reliable nationwide network. with no line activation fees or term contracts... saving you up to $500 a year. and it's only available to comcast business internet customers. so boost your bottom line by switching today. comcast business. powering possibilities.™ >>> welcome back to "worldwide exchange." nasdaq is trying to avoid a fifth down week in a row for what would be the l

executive edge is next we have shakeups softbank and home depot. that's ahead >>> look at the reporting from caterpillar. we will have instant reaction and the teinrview with the ceo of chevron we'll be right back. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates matching your job description. visit indeed.com/hire matching your job description. girls... the chess club has gained an edge on our bake sales. we need more ways of connecting with customers, fast. i know some consultants with great ideas. can they help us improve our digital experience? absolutely. they've invested over $2 billion in tech. that could really help us manage inventory. and save us a ton of dough. then let's take back our market share. checkmate, chess heads. girls, i said “bedtime”! am i working on friday? see for yourself. who are you? she's from clover. clover does that so i can do this. i didn't know you had dahlias. they're my favorite. they just came in. thank you. i should do a marketing campaign. clover does

to your point, softbank is such a big part of that equation.they designed so many of the low-power chips out of cambridge come out of the u.k. but when you've got the white house spending so much time focusing on solving the chip shortages we are experiencing at the moment, anything that is going to stand in the way is going to be probably frowned upon. it is not just the u.s. it is the europeans, it is the chinese. everyone is watching this when a credit we carefully. it is a tough time to get to eels done, i suspect. kriti: you mentioned the europeans and the chinese. that is something you are hearing from several experts around the world. still ahead, a warning from the international monetary fund that global, growth will slow this year because of problems in the u.s. and china. we will talk with the first beta managing director to cope -- first deputy managing director gita gopinath. this is bloomberg. ♪ every day in business brings something new. so get the flexibility of the new mobile service designed for your small business. introducing

the softbank seo -- ceo is out. he has been with the company for the next -- the last nine years.he ceos son said he made many contributions to softbank and we thank him for his dedication and wish him continued success. let's talk about what i record it has been for women in 2021. when it comes to board seats they gained more than 100 in s&p 500 boardrooms. but more work can be done when it comes to the process of how companies look for board members. abby alderman is with us with expertise when it comes to advising boards. you were previously doing m&a and the likes. i am interested in steps being taken. we are now seeing 31% of board seats in the s&p 500 held by women, low europe -- below europe, below australia. it is improvement but is it sustainable? >> this whole issue of diversity, people say it is important but are we trying to meet regulatory requirements or take boxes. it is core to what makes for a successful board. so diversity is a really important part of the equation. but it is trying to create boards that can attributed to more of their constituents. as far as the

you are working with softbank, one of your investors.a couple of folks on the show last week, betting big on web 3 and crypto. the metaverse is a huge trend. what is your view on some of these trends in the metaverse or the future internet everyone seems to be talking about? ruben: this series of b round was led by top-tier, and shout out to softbank for doubling down. we realize -- we started with boot camps because it is the playbook traditional schools are copying. as the student loan bubble continues to go up, at some point it is going to pop, in my personal opinion. education is primarily going to be funded by government, philanthropy, and employers, which is why we are expanding into enterprise and working with employers that want to pay for tuition for people who want to up skill, but also attract talent. you have seen amazon spending hundreds of millions to provide tuition for workers. now the world economic forum making a big push to reskill a billion people by 2030, which is not a coincidence -- well, it is a coincidence. that

they were backed by softbank.t is so special that i guess is different than back in the 1990's when online first became a thing. now we are just left with bank of america. >> the interesting thing is they do so many more things. most online banks tend to be a checking account and debit card to make transactions. lending is the holy grail for online banks. that is where they are all looking to go. sofi is already there. they started with student loan refinancing, they moved to home refinancing. recently, personal loans. they also have an interesting super app which is more than just a checking account, it integrates loans, budget services, investing services. you can buy crypto throat. almost anything you want to do. taylor: we're taking a look at share prices. it's been volatile, back down to a 13 handle. are investors missing something about future growth? guest: we have seen across the board a big selloff. sofi has not escaped the multiple contraction for these stocks. i think it's more about that than anything

softbank 9% lower. missoni, 6.8%. there we go. that is a look at deep declines. broad-based declines in japan. haslinda: korea down more than 2%. we will hear from a ceo on the growth plan for ages biggest producer with commodities surging. keep it here with us. this is bloomberg. sophie: -- this is bloomberg. ♪ rishaad: heading toward the opening of the trading. looking at steep declines. the nifty index, one in quarter of 1% lower. looking at nifty banks feeling it more than other particular industry groups. we are looking at covid deaths in india. rising by 573 in a day. many people suggesting the real ones are actually much higher. let's have a look at what is going on. 10% down in mumbai. let's have a look at a first for india and asia. taking the helm as chairperson of the international zinc association. producing 60% of global zinc. let's bring in the man himself. thank you for joining us. let's have a look at zinc itself and how important a commodity it is. 40% up from this time last year in terms of its price. where does it go from here? that is the cent

. >> the softbank vision fund has been one of the biggest backers. >> they continue to be a great supportercompany. this is capital-intensive. it is technology. more assets will require more capital. that is certainly part of the game plan for us. >> all right. we will keep watching. thank you. coming up, it will be one year tomorrow. one year since joe biden became the 46 president of the united states. we will break down the first year of his term and lay out is ahead. this is bloomberg. ♪ >> inflation has been a big challenge for the biden administration and i asked the ceo and chair what he things the best solution is. this from our latest installment of bloomberg studio 1.0. >> inflation is on the front page of every newspaper in the world today. the best defense against inflation is a bitcoin standard. i don't think we can do anything better to position our company then to convert our balance sheet to bitcoin. we basically felt the balance sheet on something that is not a currency derivative. two years ago we were sitting on a bunch of cash and that cash was losing about 10% of its pu

softbank's chief operating officer is said to be making preparations to depart the company after clashing over compensation and responsibilities. bloomberg understands -- because of his contributions, including a turnaround in the listing of we work. global news, 24 hours a day, on air and at quicktake by bloomberg, powered by more than 2700 journalists and analysts in more than 120 countries. manus: coming up on the show, we are going to keep an eye on the markets. volatility is back with a vengeance. scale of rate hikes and the impact on your equity portfolio. later, lvmh posts record sales. consumers snapped up luxury. we will discuss the outlook. this is bloomberg. ♪ manus: is daybreak europe. the nikkei managing to add over 2% on the far left. the moves and the japanese government bonds caught my eye. a three standard deviation move in the u.s. paper. jgb's playing further catch up. the likes of zinc and iron ore. iron ore stockpile falling by 3 million tons. chinese stockpiles at major ports falling, giving that a boost. then of course on some of the other futures, you have equity f

southbank stepping up -- softbank stepping out for an ipo.lobal news 24 hours a day, online and at quicktake on bloomberg, powered by more than 2700 journalists and analysts in over 120 countries. i'm ritika gupta. this is bloomberg. ♪ >> what we have seen over the last few decades is less a petition in more concentration. that held the economy back. jonathan: the president focused on the domestic issues, everyone else focused on international ones. your equity market is down and down hard again, point 9% on the s&p 500. futures on the nasdaq down 1.3 6%, after the monster turnaround. -4.9% at the lows. positive .5% at the close. crude, $84 a barrel, up .8%. tom: can we agree that across equity bonds, currencies, commodities, the correlation of ukraine is not as tight as it was 24 hours ago. jonathan: i don't know how much of yesterday's move was ukraine. tom: i am talking about the tensions yesterday more locked in. jonathan: underperformance spoke to some of those tensions. you saw the underperformance through europe through the sex and --

the softbank ceo says it is looking at an ipo instead. >>> and pushing the profitability higher, butudes tough news with employee layoffs and stopping operations in some countries smiledirect club has sued nbc news after complaints about the dental products. futures are down aoscrs the board. "worldwide exchange" is back in a moment at cdw, we get your it staff has be ready to take on new challenges. that's why we built an office obstacle course ... to prepare our people for anything. you're late well, cdw amplified services experts will consult with you to design, orchestrate and manage your most complex technologies to help you quickly overcome any obstacle ... without all of this. oh, that is better. who's that? oh, if you want coffee, you gotta get past tantrum. you're in for a brewed awakening. for technology that moves you forward, trust cdw amplified services we're getting destroyed out there. we need a plan! i have a plan... right now at t-mobile, customers on magenta max can get the new iphone 13 ...and t-mobile will pay for it! i'm talking new customers! i'm talking existin

and while, softbank is stepping up for an arm ipo is an alternative. global news 24 hours a day, on air and on bloomberg quicktake, powered by more than 2700 journalists and analysts in more than 120 countries. i'm ritika gupta. this is bloomberg. ♪ >> there is a confirmation of unity in the european union. there's a confirmation to help ukraine to address this crisis, and also there is a readiness to take measures as necessary and to impose new sanctions, both individual and sectoral sanctions on russia. jonathan: that was the ukrainian abbasid or to the european union. here's your price action, down about 70 points on the s&p, -1.6%. the nasdaq 100 down 324, down 2.24%. yields aren't doing much. tens at 1.1743% -- 1.7743%. lisa has to control her temper. [laughter] euro-dollar coming in 0.5%. on that currency pair, 1.1270. we heard from the white house deputy national security advisor on siena in the last hour, pointing out that troops are ready to go at a moments notice when nato decides. this following the news that the u.s. has 8500 troops on stan

the arms parent company, softbank is gearing up to take the company public instead. plans for the deal have drawn scrutiny, you name it you name and country global regulators hate it they were worried it would cause antitrust concerns nvidia too powerful of a player and arm is the chip architecture company and they fell to just about everybody whether tell quan build their own plans on top of the tips. but right now nvidia down three units are present. shares of casino operator hitting the jackpot this hour with the largest shareholder hedge fund standard general offer to buy the company's remaining stock at $38 a share we are not there were at $36.43 with a 24% grain, the deals value just over $2 billion. amazon may be in their market, down 24% from a six-month high but the tentacles are stretching from the internet to new brick-and-mortar stores the company helping them take everyone desires filled, smart warehouse real estate giant, the ceo is here being the landlord during the pandemic. and what is happening with the supply-chain issue, ge just played the supply-

meanwhile, arm owner softbank reportedly preparing to take arm public again both companies pleading theirase to regulators they told "bloomberg," apparently, no final decisions have been made >>> meantime, coming up this morning, goldman sachs internet analyst names its top picks amid the market turmoil. >>> as we said earlier, todd mckinnon joins us to talk about the state of software valuations. >>> and we break down how options trading has played into all this volatility. record number of contracts yesterday. a big hour of "tech check" is just getting started inner voice (kombucha brewer): i'm dramatically holding this bottle, >> announcer: "tech check" sponsored by comecast business, powering possibilities intuit quickbooks helps you manage your payroll taxes. cheers. 100% accurate payroll tax calculations guaranteed. >>> commerce department, as expected, releasing this important on semi shortages. we have details, including some of the day's inventory of key chips. >> the agency has been studying this issue for several months. put out a request for information in this fall 150 compan

softbank is now up a third of a percent. >>> black gold has turned to real gold over the past several$50 last january to $87 a barrel today. how close are we to $100? we're asking the ceo of chevron, he joins us next on "the claman countdown. " don't go away. ♪ ♪ or peace. you can't buy security. you can't buy happiness. you can't buy confidence. but you can invest in it. we believe that your investments should work harder for the future you imagine. and that's where our strategic investing approach can help. t. rowe price. trelegy for copd. invest with confidence. ♪ birds flyin' high ♪ ♪ you know how i feel ♪ (coughing) ♪ breeze driftin' on by ♪ ♪ you know how i feel ♪ copd may have gotten you here, but you decide what's next. start a new day with trelegy. ♪ ...feelin' good ♪ no once-daily copd medicine has the power to treat copd in as many ways as trelegy. with three medicines in one inhaler, trelegy helps people breathe easier and improves lung function. it also helps prevent future flare-ups. trelegy won't replace a rescue inhaler for sudden breathing problems. tell your doctor i

given jitters to do with the fed meeting this week, nikkei225 down .5 of 1%, down for a second day, softbankiggest laggard to, japanese stocks leading with correction. topics down by nearly 8.4 of 1%. take a look at broader markets, because kospi as the lowest level in about 13 months. properties plagued dragged down by tech shares in particular, the likes of alibaba and jd.com and property developers up by 2%. the yuan remaining pretty strong. it will test resolved on pboc two intervene and lower the currency. here is how it is looking in some of those plays. let's get first word news with vonnie quinn. vonnie: watching it is ordered families of u.s. diplomats to leave the embassy of the ukrainian capital. earlier the secretary of state antony blinken said officials are tracking the security situation in key have -- kyiv hour-by-hour. he was arguing it would limit western options in the future. russia has missed allegations by the u.k. that it plans to install a pro mosque out leader in ukraine. officials say russia maintains links with many former ukrainian politicians, some of whom are al

softbank on the way up, over 4.5%. haidi: 10:29 a.m. in hong kong and shanghai.them and the cia asia and back -- at the msci asia impact index, losing on the back of the fed, powell saying despite rate rises, he is expecting the economy can withstand that. rishaad: the i word in focus in china. the country reported commodity prices going down and also pork prices also falling, leading to far more muted price rises than anticipated. vonnie: inflation in china moderating in december as the government boosted commodity surprise -- commodity supplies. ppi rose 10.3% on the year, falling from 12.9% in november. cpi came in at 1.5% as food prices fell. both readings fell short of economist estimates. china's rising covid cases may be a declining factor for raw materials prices. fed chair powell says he will do what is necessary to prolong expansion. fresh details on the u.s. monetary policy. powell's remarks were regarded by some of his colleagues who called for the fed to start raising rates in march. more fed officials backing raising interest rates soon and accelera

softbank backed startup is affected to proceed with the offering this week or next.have lots more to come on "bloomberg daybreak: asia" as we get into the start of trading on this tuesday session. this is bloomberg. ♪ paul: this is "daybreak asia." i am paul allen. the governor says more than 20% of hospital beds dedicated to the virus were occupied as of monday and that is the level she said she would consider implementing a quasi-state of emergency. local media say the prime minister will make a decision as soon as wednesday. the chief white house medical advisor says it is too soon to say whether the omicron variant will shift covid-19 from pandemic to endemic. anthony fauci told the world economic forum online conference that research should focus on vaccines that protect across mutations. an israeli trial found a fourth dose offered only partial defense against omicron. >> it is an open question as to whether or not omicron will be the virus vaccination that everyone is hoping for because there is such a great deal of variability with new variants emerging. paul

him to revamp, rework in 2019, and reports suggest he's leaving due to compensation desagreements softbankding down 9% >> chip maker lam research drops on a revenue miss. the stock is down 7% jim cramer talking about lam in his investing club newsletter today, to sign up, head to cnbc.com/investingclub, or point your phone at the -- it's changed. cnbc.com/jointheclub that's new i wonder if/investingclub works too. >> it's much easier to point your phone all the chips are down, not just lam. intel is down 7%, and they are among the hardest hit in the tech space time for a cnbc news update with rahel solomon. >> here's what's happening at this hour. transportation secretary pete buttigieg says that traffic deaths continue to rise to multi-year highs that's why he's backing a national strategy to lower speed limitsand embrace safer road design like dedicated bike and bus lanes and better lighting and crosswalks he says the plan will be backed with $5 billion in grants to states over the next two years >> the fcc has taken a step closer to making it easier to compare the cost of different broa

the chip company with soft bank it doesn't expect that transaction to close the report says that softbank is preparing for an ipo as an alternative to the nvidia acqui acquisition. it drew backlash from the regulators in the united states and chip industry. it is expected to face resistance in china. >>> check it out when we come back, cryptocurrency bouncing from the lows yesterday we will dig deeper into the move next. >>> let's get a look at the pre-market decliners in the s&p 500. this is "squawk box" and you're watching cnbc. >> announcer: this cnbc program is sponsored by baird. visit bairddifference.com. what the world needs now... is people. people who see energy a little bit differently. where a switch to cleaner power means a more resilient grid... ...with renewables and gas power providing energy whenever it's needed. because seeing a more sustainable world isn't far in the future. we're building it... now. ge. building a world that works. yep, it's go time with wireless on the most reliable network. ok, that jump was crazy! but what's crazier? you get unlimited for just 30 buc