haidi: softbank founder -- shery: softbank founder and ceo switching to an offensive strategy.ank has been misrepresented for far too long. the asset manager, great to have you with us. we know investors have been pretty impressive softbank spikevax. what are markets missing? >> thank you so much, great to be here. people are missing that softbank is already one of the biggest day investors in the world. if you look at all the projects that it's involved with from rideshare through to medical diagnoses. and the venue of those businesses to softbank. it is not at all represented in the share price of softbank today. a lot of investors are looking at every softbank order and how many buybacks will he give. that's not a question at all, so the story is a 5, 10 years story, which gave us a good glimpse of this week. shery: to your point on aia investments, the british chip designer is actually central to that strategy. how do you think this factors in? >> it's central, the amazing thing about softbank is a has all of those tanks -- all of those stakes in for a rideshare of the medi

the cores to keep good relationships with the entire ecosystem, that includes softbank. they helped put the latin american ecosystem on the map with our help and they continue to be great partners. marcelo is the master of momentum and i helped to execute it. we are playing that role again here. caroline: i like the momentum, the name bicycle in many ways comes from the idea steve jobs thinking the computer is a bicycle for the mind, but you guys back together. you have had interesting partnerships, bringing a global company almost the supply side to latin america, manufacturing in brazil and mexico. you are thinking about global companies accessing latin america, what kind of companies are you thinking of, how much of the fund is dedicated to that? marcelo: the fund is about latin america, helping latin american founders accelerate the momentum they have. there are great businesses in latin america. it is also helping global companies who have a global momentum. latin america is close to 700 million people on the people in latin america make four times the amount of mon

softbank shares also are rising. will have to see when these investments actually bear fruit. he did say today they are expected to bear fruit soon and with markets rising it is possible they could turn around. but we will see how the earnings actually do when they do announce results next quarter. dani: you mentioned the share reaction and we are looking at it, over 40.5%. is it fair to say that shareholders are happy with this announcement? >> yes, i spoke to shareholders on the spot and they did sound pretty happy about what masa son had to say. it is a sign that son sounded confident in the future of ai where softbank has investments and they were saying they are happy to see him kind of delivering this message that he's kind of ready to get back to the scene and invest again. but we will see how much they spend going forward. data does not back up that right now. so we will see if they start spending again. dani: you make a great point. we are in the proof is in the pudding moment for softbank. thank you for tha

rishaad: softbank ceo masayoshi son speaking there. softbank very much in the crosshairs.even months. he has admitted to mistakes in the past. right now going on the offensive, talking about ruling the world, which might be going a little bit too far. taking a look at the share price, 21% up. on top of that, talking about the ai revolution and saying softbank is in a position to win the race to master artificial intelligence. also looking ahead to what could be the biggest listing for the year and that could be arm holdings. haslinda: that is right. masayoshi son has been under a lot of pressure given the fact that s&p cut its credit rating. he did say that he has invested in seven startups and quite a number of them [indiscernible] this is one man who has been under the spotlight. he was away for seven months. he has been focusing on the ipo of arm. that is expected to come. he is pretty optimistic about it. given up some of the games as he spoke. take a look at where we are in terms of japan. the nikkei in positive territory. it continues to gain. it has been the darling

softbank launched a new company in march as part of an a.i. project.t will develop a super computer that should be ready by march next year. it has also formed a business alliance with u.s.-based nvidia despite a highpismance of semiconductors. softbank claims the super computers will be one of the most powerful in japan. the group chairman and ceo told general shareholders meeting in june that he will accelerate the development and use of a.i. soft bank group company line and japan based cyber agent are also developing their own generative a.i. >>> now, bolivia signed agreements with chinese and russian companies to develop its lithium deposits. the south american country is believed to have the world's largest reserves of the metal using batteries for electric vehicles and smart phones. the government signed the contracts on thursday with china's group and a subsidiary of a russian state-run nuclear firm. the two companies will invest a total of $1.4 billion under the agreement. they aim to produce a total of 50,000 tons of lithium carbonite in salt

softbank more than 4% at the open.t we had in the wall street session overnight, a couple names and focus. apple hitting a new all-time record high. on top of that the expectation the fed could pause interest rates later this week and that is something else supportive of these factors in the likes of oracle reporting after hours and that stock gaining as much is 4%. another name that is benefiting from that move into ai linked names. this is the state of play for some of these tech stocks here. you can see the msci i.t. index gaining as well. another sector we are keeping an eye on is what is happening with japan. machinery tool makers, these here at looking a little more range bound but still mostly moving to the upside. we are seeing the nikkei two to five coming online in the green. we dig see machine-tool orders falling in may from a year earlier according to preliminary estimates coming through from a local body in japan. but that was down for a fifth straight month. we saw domestic orders down around 24% for an o

this is a jump on the electronics and chip makers and one name with softbank hang seng with a strongrnight. 4 points higher and the shanghai composite ending positive territory as well >> speaking of softbank, that is tr trading higher >> yes the a.i. chip frenzy is pushing that higher. the japanese giant is looking at the portfolio plunge and now an uptick of 17% this week alone. don't forget softbank is ipo'ing the chip arm this week >> thank you, joumanna bercetche. >>> let's go to washington and the united states avoiding default. the senate passed the house approved bill to suspend the ceiling on the debt limit until january of 2025. bypassing the next presidential election the vote was 63-36 in the senate president biden scheduled a nationwide address this evening. all that drama and fiscal wrangling to avoid a first ever sovereign debt default after the senate pushed the bill through, moody's release a st statement saying there is no reason to downgrade. let's get the latest on the corporate stories with silvana henao. >>> twitter's top safety executive is leaving the social m

many of the people attending our long time softbank investors. haidi: it is never a dull moment.osely. a preview of some of the things we have been watching. coming up, antony blinken's visit when i was his age, we had to be inside to watch live sports. but with xfinity, we get the fastest mobile service and can stream down the street or around the block. hey, can you be less sister, more car? all right, let's get this over with. switch to xfinity mobile and get the best price for 2 lines of unlimited. just $30 a line per month. i should get paid more for this. you get paid when you win. from xfinity. home of the 10g network. so many people are overweight now and asking themselves, "why can't i lose weight?" for most, the reason is insulin resistance, and they don't even know they have it. conventional starvation diets don't address insulin resistance. that's why they don't work. now, there's golo. golo helps with insulin resistance, getting rid of sugar cravings, helps control stress and emotional eating, and losing weight. go to golo.com and see how golo can change your life. t

race thanks to the billions of dollars in tech investment the softbank founder making the appearanceder meeting. softbank is not deterred by short-term losses and we will rule the world in the end. >>> a pair of movies from two of hollywood's biggest studios failed to spark interest over the four-day holiday weekend "the flash" from dc universe took in $64 million in the u.s. and canada the film cost $200 million to make "elemental" made an estimated $33.3 tmillion domestically the worst opening in pixar history. i wait for the movies to come up on streaming service >> you don't go to the movies? >> not really. >> i saw "the flash" over the weekend. >> that would be a good one to see. i'll still watch at home >> in the theater for me silvana, thank you. >>> turning attention now to the paris air show in full swing with big commercial aircraft orders front and center this morning. airbus with the biggest aircraft order in history to sell 500 planes to indigo which would double the carrier fleet shares up .50% this morning. on top of mind for the industry is the trillions of dollars in

softbank in particular, his company is in a position to win.he race to master ai, thanks to the billions of dollars of tech investments, some would say have gone a little sour. softbank will not be deterred by a few short-term losses. we will rule the world in the end. thus far who has been ruling in terms of investment, hilary frisch is with us. it is great to have you in the studio. the hype cycle is clearer, everyone is getting into various ai related names from an investment pieces. how much are you thinking about future regulation with an investment opportunity? hilary: it is so good to be here. it is a terrific question, we think about it quite a bit. we are very early in the stages of discovering what regulation would look like and how that will impact the sector. however, in this particular case, there is going to be quite a bit of help to the government, provided to the government by the companies that are major providers of ai services and products. microsoft for openai, they are big proponents for government regulation. i think you'r

he is expected to talk up the ipo softbank's chip design unit. trading firms enjoy a buffet boost. analysts are now rushing to raise prices i am the companies as his endorsement rise shares to record highs. we are seeing gains for those company. taken a look at where the benchmarks are as japan returns to the market. some pressure for the nikkei 25. the yen trading 14172. it was lower bear in mind. intervention, maybe not at such levels. rishaad: having a look at the hong kong benchmarks. we are looking at the hang seng. 1.61% down. prolonged currency intervention put strains. many people will be wanting to pay if it ends. let's take a look at lenovo. shares up 26%. it is the biggest pc maker in the world. it will accelerate artificial intelligence deployment for business. arthur hu from lenovo group joins us now. give us the rationale for this extra expenditure and how you will deploy it. arthur: absolutely. and the has never stopped and as part of this we are recommitting and accelerating the work we are doing, including around ai. for example,

. >>> softbank shares tried high near japan as the a.i. chip frenzy pushes tech and a.i.echestech stocks higher. it has seen an increase of 17% this week. softbank will design the arm unit later this year. >>> and deal shares were lower in trade after the first quarter revenue fell 20% on the year to $20.9 billion. earnings per share came in at $1.31 per share. ahead of the 86 cents expected the recovery is a long way off and forecast weaker revenue as well >>> and broadcom shares sank in extended trade after better than expected third quarter revenue the revenue guidance of $8.5 billion was the slowest in years after sales jumped 8%. last month, nvidia forecast q2 revenue more than 50% above expectations >>> this is interesting. shares in lululemon surging in extended trade after the company posted a beat on revenue for the first quarter. sales rose 24% with revenue in china rising 79% it tells you some consumption spend is coming through from china. >>> this is the picture of nike shares in pre-market and reacting well to the positive news that is coming from lululemon.

haslinda: softbank founder and ceo switching to an offensive market strategy. softbank, the company's vision fund is said to be preparing for another round of layoffs as soon as this week. the story says about 13% of staff will be affected, following the roughly 30% reduction last fiscal year. we are also told the headcount reduction will mostly occur in [indiscernible] rishaad: checking in with the crypto world, we have bitcoin above 30000 and one of the reasons we have for this move up is more confidence coming into the crypto market. we have blackrock, which has a bitcoin etf filing. if the s -- if the sec approved it, it would likely reduce the cost for traders and provide arguably a vehicle for the advisor market. etf's have a record of lowering fees, and if you have someone such as blackrock doing it, it is a trusted name, and it would mean some who would not normally get into this market actually do get into it. central bank decision, today out of norway, britain, and switzerland as all of them have 25 basis points baked in, but that 7.1 core inflation i

if the cuts go through, they would follow the elimination of 150 jobs at the vision fund and softbankeptember. >>> amazon is making a bigger push into a.i. in the bid to help customers find the right product. the company confirming it recently started testing a feature in the shopping app that uses a.i. to summarize reviews on products. the feature provides a brief o overview of what shoppers liked and disliked about the item. i like to read reviews. >> i'm not a review person i buy what i buy a.i. in just about everything. >> exactly >> silvana, thank you. >>> turning back to the fed. it kicks off the latest policy meeting today with the decision out at 2:00 p.m. eastern time tomorrow ahead of that, 60% of traders are betting the central bank pauses the rate hiking campaign. more than half say they pick back up in july with the 25 basis point hike those views shared by the ceo of bank of america and ceo of goldman sachs. >> they can't say i'm done because they don't know because they need the next set of data >> i'm not referring to this week i think inflation is stickier. you know,

we will see. >> our technology reporter there with the latest on softbank.ng out to sweeping shop -- staffing changes in big software names. kkr has overhauled its private equity team, a new executive chairman has been appointed for the region and the cohead of private equity will become the deputy executive chairman. this comes two years after they raised their ever -- biggest ever buyout fund in the region. the ubs ceo has hinted that credit suisse may be due for a down size of its investment banking business. they wrote an attendant -- an opinion piece that it will reduce risks for the combined bank. much more ahead on daybreak asia, this is bloomberg. ♪ when i was his age, we had to be inside to watch live sports. but with xfinity, we get the fastest mobile service and can stream down the street or around the block. hey, can you be less sister, more car? all right, let's get this over with. switch to xfinity mobile and get the best price for 2 lines of unlimited. just $30 a line per month. i should get paid more for this. you get paid when you win. from

double-digit percentage ownership from softbank and walmart more importantly.22 billion-dollar market cap but less than three billion trades publicly. the short interest is over17%. very volatile name from may 15th to june 16th it more than doubled. it pulled back since and gave up half of those gains. it is very volatile, that is name where you see this favorable tape, names like that will tend to do well. >> i love it. sym for the radio listeners, 17% short interest, the short squeeze is happening right now. paul, thank you very much. appreciate it, my friend. >> thank you, charles. charles: earlier i mentioned this special, special edition of "making money," "maintaining unstoppable prosperity." it has been a tough almost two year period, july 27th at 2:00 p.m. i will share my own personal hard learned lessons and answer your questions. love to have you join us in studio. go to new york city. go to eventbrite.com. search folks brings how you get the ticket. you can send your questions to investedinyou@fox.com. coming up my takeaway inventing a new sport. i h

softbank jumping as much as 7%. the biggest intraday climb since the end of may.rm. advanced best -- advantest as well. we saw the bond yield fall by 1.5%. the pboc unexpectedly cutting its short-term policy interest rate. on the whole, there we go. asia-pacific benchmark up by 1.1%. no. he's making sure his portfolio and retirement plans work in harmony. they want to adopt a child and build a new home. so they're talking numbers with their merrill adviser. she's not researching her next role. she's learning how to handle market ups and downs without the drama. personalized advice so impressive your money never stops working for you with merrill. a bank of america company. 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 i don't want you to move. i'm gonna miss you so much. you realize we'll have internet waiting for us at the new place, right? oh, we know. we

. >> softbank entering the game does not instill a lot of confidence.are these people to be doing private credit? >> a lot of hiring going on. there has been a lot of movement of people around setting up these funds. how prepared they are will show the downturn because the issues are those prepared to finance companies in the downturn hopefully they are. >> it is really interesting. you have the banks pulling back on the public market sector. you have these private players and stepping in. when private equity is struggling, surely private credit can be fun but is better now. >> not necessarily because we are not a very different economic backdrop. people are a more cautious when they put this here. they have more questions. they vetted more. there are a lot of new fans raising money. if you look at the data. it seems like everyone is flocking to the people they now. i think the first quarter of 2023, there were the last one closed since 2017. everyone is flocking to it but is not necessarily that easy to raise a fund right now. >> that is a really inter

elsewhere in tech news softbank backed chip designer is said to be in talks with intel among others.omberg quick takes alex webb joins us. how big are we expecting the anchor investor of intel? >> they are looking to raise as much as 10 billion. we are getting a clearer sense of valuation. what is interesting about the intel stake is it is essential to tmc. the way it does that is that it designed the architecture for a lot of chips which lets companies like apple design their own chips. intel is trying to get into that space, making chips for other companies. it is in the favor of intel that arm remains independent to fuel the business. dani: the other headline yesterday was google is likely to be hit with an antitrust complaint from the eu. do we know what that complaint might look like? >> it may required investment from a part -- it may require a divestment from a part of its business. it pertains to the google network. this is not going on to google network to do a search. it is if you go to a third party website and ads are served there. the google network is only 12% of its bu

aam which is you know currently owned by softbank but thought to to probably spin out in an ipo they'reot making chips they design them right which is incredibly hard and then they pass them off to the fabricators and that's the intel's the taiwan semiconductor is the samsungs of the world. and i think that especially for taiwan semiconductor, that, you know, leverage is just not yet priced in and that it's still something of a value opportunity. how big a lead does nvidia have? i think it has a lead, but it's not going to stay in the lead forever. right. they took all of their gaming technology that really ramped up, especially during covid a lot of that innovation is getting repurposed into ai specific. in three years, it is not going to have any of a lead like it does now. >> it's interesting, if we take a broader view on pack, you can find little pockets that may have that value. we've had so much money flow into large tech. if volatility picks up, some are looking for a huge potential for deleveraging. you have to wonder if that is something you are going to play or sit tight. >> i

mayor yoshi's son says softbank ready to go on quote counteroffensive. talks of ai.evements as an entrepreneur. is this history reduxing? lisa a:'s son saying you have done enough on the defense said. the timing on the counteroffensive is soon. is this an ai driven jump on the boat enthusiasm? is this an opportunity to invest in startups that may not get financing from other avenues due to a more restrictive financial or monetary policy? we have seen this before. tom: it goes back to ai and we are trying crazy not to put our input in that but it is something you cannot afford. in july, we have to talk about to lie more. lisa a: i got a chatgpt message from my brother yesterday. it was touching. tom: coming up, the former ceo of ibm. she has a wonderful book out. ♪ ♪ ♪ the vehicles are all-electric. the feeling is all mercedes. the choice is all yours. see your dealer for exceptional offers today. >> the opportunity for productivity improvement across the s&p 500 and broader equity on economic landscape in the u.s., we it will get really interesting. longer-term, we a

softbank, a jump of 6% at the open.ving that is a freeze that raised it to buy from hold. this is down to the nvidia story, the sales forecast and guidance when the company lead to a rally across the board for semi related stocks. it is lovely the market is going to be pricing on as an ai play. a quite big jump from where it was. if you change on now, this is a wave above grade we have seen for softbank this week. three upgrades in the past three weeks or so. we are seeing that stock trading higher over the past five sessions. in terms of the downside limit, any drop in shares would likely trigger a ibec. another group of stocks we are tramping are the apple suppliers. we understand that they are working on plans to expand the regional chain in asia. the tech giant could open 15 new stores across apac, additional outlets in europe and north america. three sites in india and and outputs in malaysia. shery: let's get to vonnie quinn with the first would headlines. >> senate majority leader chuck schumer says of all on the

we have seen hedge funds, and even softbank come in, so the market has boomed.uch is it expected to grow? >> it has been growing at a fast rate. the market is currently $1.5 trillion. the pace is expected to slow because fundraising has been challenged, so investors are more cautious. by 2027, it will grow to $2.3 trillion, sti huge but the pace will slow. dani: we are seeing fundraising becoming more challenging, but we have come to this boom part. you always hear people say we are worried about shadow banking, presumably that is talking about private credit, what are some of the risks if we have this area of debt growing? >> one is interest rates creeping up. the higher interest rates, the more strain on balance sheets, so they have to repay more effectively. it is a stressful time for borrowers, and default risks have picked up, albeit slowly, but that is one to look out for. dani: a fantastic piece from laura, bloomberg's asset management reporter. we have the final reading for france. now we have the reading for germany pmi's, may services coming in at 57.2

crucial but i want to take you to one stock we're looking at from the overnight session and that is softbank. topping the top of the nikkei after bullish comments, son tried to draw a line underneath the chinese/japanese conglomerates, more than $6.5 billion loss he instead talked up the prospects of artificial intelligence and the plan going forward is to shift from defense mode to offensive mode investors seem too like it joumanna, great to see you joumanna bercetche live in our newsroom. >>> we'll have upgrades and downgrades in firms you like and stocks you know. tesla from overweight to equal weight barclay says the jump in tesla shars so far this year, just a bit too sharp and that questions remain on margins and demand elasticity shares up. it sees potential for topline acceleration driven by price increases and healthy net ads. shares of spotify up 2.5%. jefferies raising its price target on netflix. it says positive sentment for ai will help with the next set of stocks >> turning our attention to the biggest global tieszing convention currently in full swing in france, industry lead

. >>> the softbank's son says he has 85% of assets in a.i. related companies.on has a added that the chatbo and he is in touch with sam altman nearly every day. >>> alibaba shares are lower in pre-market trade after the company announced ceo daniel zhang will step down and be replaced by eddie wu the unexpected move is the biggest reshouffle since the restructuring. fortunately, arjun has been tracking the changes at alibaba from china and now from london arjun, there are so many changes at alibaba the last couple years. what is the significance of the latest management changes? >> huge changes in the company biggest cloud player in china. launched a bunch of businesses and the wrath of the chinese crackdown. firstly, daniel zhang is the ceo of the cloud business. alibaba split into six units one is cloud that is because he is betting big on that unit i'll get to that in a minute eddie wu is taking over as the group's ceo. this is an alibaba co- founder he was the chair of the two biggest shopping apps in china he spearheaded the mobile app and created the stra

buy softbank for -- intel for a good software company and a better chip company.he nasdaq, confluent, data streaming. >> confluent is doing so well. this is what's happening in this market these are companies that are doing well. >> 4360 almost here, jim there were some notes yesterday looking at -- i think evercore call it a mountain in markets. >> the two-year yesterday, 5.4 if you had fidelity, getting 4.8 in your cash reserve and feeling really good. then you look at this and you say, you mean to tell me intel can claim it's an anchor tenant in a mall and the stock goes up big? people don't understand, in our business, this market has become i own nvidia and i've made a million dollars. the only thing you can tell them is, no, you haven't made it until you take it. we have to start getting what is the zeitgeist of our average viewer, which is i just made a lot of money if i take profits because i own stocks rather than owning the two-year. the two-year, david, is a -- it's a false god >> really? i think a lot of people feel quite comfortable earning 4.26, some

employees who are caregivers for elderly parents and this company has been valued at $1.4 billion by softbanktracts with the largest insurers in the country, like cigna, humana, aetna. ed: you reported in that story some of the scale of papa in terms of revenue, the number of hours of care. some of those facts the company disputed. they did not give us up-to-date or other figures. priya: that's right. ed: explain how papa works and with the idea behind it was. priya: it brings the gig economy to eldercare. the company has created a new category of care by taking out the more nursing related things that home health aides take care of. let's say you are an elderly person and you have no help at home. you need help going to the grocery store, maybe doing your laundry, folding clothes. you can call sunday from papa and they will maybe chat with you, help you feel less lonely, if that is a concern. you get those hours for free from your health insurance plan in a lot of cases. caroline: certainly, in our particular age range, i am fortunate to think about the care of my younger children rather tha

what we started at softbank, we took latin america from $1.5 billion a year to $16 billion per year.urial ecosystem that needs our capital. often america deserves a fund that is going to be focused on latin america and not the traditional tourist capital that comes in only when times roll. then they retrench when things are not good. we are in it for the next few years, i made it a point to focus the rest of my career in latin america, that is what i want to do. >> you are dedicated to diverse founders, how much -- an environment where interest rates are going higher, companies are slimming down, people are wanting to put money into tried and tested founders, how are you able to focus on a minority founder? >> the interesting thing about founders who are underrepresented, is they have the grid it takes to succeed, they have been overlooked, they are the perfect solution. they do not come from the typical mold, they have had to struggle, and we like to back those founders because we think they are unfairly overlooked. it is not about the back row, it is about the micro and to the peop

investors like this softbank stock.investor of $100 million to $200 million to shore up confidence. from a competitor and partner that shows they are serious and excited about arm's technology. caroline: they have a technical relationship. the fact it would become a financial one. remind us of in the past when this happened. qualcomm was underpinned in previous listings as well. katie: it happened with qualcomm and mobileye. there have been others in the past. mobileye was spun out from intel last year. not just in this category but in general. it is something you sometimes see with ipo's ahead of the roadshow, ahead of drumming up interest from institutional investors to have the strategic anchor investor to shore up confidence. ed: you are the name on the deal's newsletter publishing this morning. a big focus on all the talk in l.a. and l.a. tech week. caroline and i look at each of these tech weeks in new york, san francisco, l.a., sometimes a lot comes out of it and sometimes very little. what did you learn on the g

shery: softbank's vision fund is preparing for another round of layoffs as soon as this week.ource has about 13% of the vision fund staff will be affected following a roughly 30% reduction last fiscal year. we were also told the headcount reduction will mostly occur in the u.s. and the investment unit had 349 people globally at the end of march. the u.s. federal trade commission is suing amazon alleging it duped consumers into signing up for his $139 a year prime membership service and also making it deliberately difficult to cancel and the ftc has recently targeted subscription cancellations proposing a rule in march that would require companies to make it as easy to cancel as it is to sign up. bitcoin has jumped 20% since blackrock's surprise fighting last week for a spot bitcoin etf in the u.s.. rival issuers have filed similar applications amid speculation that blackrock has key insights to get the sec approval. the regulator has repeatedly rejected findings for a spot bitcoin etf siding progress. haidi: we have more to come here on "daybreak: australia." we continue to se

softbank backed chip designer arm is said to be in talk with investors including intel to anchor onelargest ipo's of the year. intel and arm have announced a technical tie up. our sources say arm have held talks with other companies about participating in the offering which would give evaluation up to $70 billion. global news powered by more than 2700 journalists and analysts in over 120 countries. i'm sarah halls, and this is bloomberg. tom: sarah halls, thank you pretty much indeed. the oracle story is feeding into optimism in the tech story in europe. tech knowledge he is leading, gaining 7%. s.a.p. the software company based in germany gaining 1.3%. sage based and the u.k. up 1.3% into salt up -- and dasasult up 1.14%. coming up, we will speak with the former ceo of svb u.k. and discuss all things tech as well as the fallout for what that means for the new business. 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

when discussing the outlook, sun said a hoouj revolution is coming softbank won't be deter pid a feworld in the end and discussed a.i. saying i've made many mistakes in my investments, some of them embarrassing, but among the failures there are a number of buds that will blossom soon. never boring with words masa son. he has been talking about a.i. for many years, back to a cnbc interview in 2019 talking about a.i. and about, you know, just made some wrong bets along the way on that journey, of course, with a vision funds. >> interesting he says he uses chatgpt every day and talks to sam altman of openai every day he is going pedal to the metal. >> i think the question is where he points those investments and are they going to finally start to pay off. >> yeah. >> because there have been missteps along the way and the confidence is there as ever though >> and rule the world. >> meantime while a.i. fever has pushed tech stocks to fresh highs one key group is seeing their boom further robert frank joins us with those details. >> good morning. the big run up in tech stocks adding over 1

think about tiger or softbank that has similar relationships between their portfolio companies and aolitical tensions are rising >> diedra, great reporting thank you so much. >>> coming up, a check on the consumer we have the action, the story, and the trade. there's a little preview, coming up nt tea eaexafr brk. ♪ ♪ every day, businesses everywhere are asking. is it possible? with comcast business...it is. is it possible to help keep our online platform safe from cyberthreats? so we can better protect our customer data? absolutely. can we provide health care virtually anywhere? we can help with that. is it possible to use predictive monitoring to address operations issues? we can help with that, too. with global secure networking from comcast business. it's not just possible. it's happening. i'm barbara and i'm from st. joseph, michigan. i'm a retired school librarian. i'm also a library board trustee, a mother of two, and a grandmother of two. basically, i thought that my memory wasn't as good as it had been. i needed all the help i could get. i saw the commercials for prevagen. i

amount in the grand scheme of things i think it is about $5 billion that they are earmarking but a softbankme of the most active vcs ramping up, maybe you could see some bubbly behavior at the later stages while in the secondary markets. but right now, a lot of excitement, a lot of money still sloshing around in the ai space even in the early stages >> so we're looking for a possible first mover type situation that gets other people in deer g d deidre, thank you very much >>> and coming up, we have ray dalio joining us after the break. his warning on a big cycle debt crisis is coming up next plus his take on the political landscape right now in america >>> and june is pride month and all month long cnbc is celebrating by sharing stories of corporate leaders like indeed's senior vice president of esg take a listen. >> the lgbtq+ community is not a monolith there are a lot of letters for the lot of reasons but thos those identities inter with race and ethnicities and disabilities so really focusing on setting an environment where people feel like they belong where they feel the safety in bein

. >>> inted reportedly in talks to m.vest in chips ar the implications for softbank as well after the up after there could be the busiest time this year. >> this could get messier. closer to the blockbuster arms idea. one state continues to be on fire this year. intel as a personal anger investor. they plan on being a strategic investor. they could go to other investors and say, the rival investor is not a success. after a decade of decline, after seeing delays in next generation chips, part of the big turnaround plan is building a business. out of the actual manufacturing of chips. not the design. it can struggle to develop its own processors. it will help to manufacture those chips that they are developing in-house with the help of cutting edge design. in a convoluted way, they can continue to work ith the most important tech companies making the participation in the anchor investments interesting. the key question is how would the investors feel about this? inspected to raise almost $10,000. more than the total amount raised in all of the ipo market this year. that would require th

really well when you look at the ipos in the wings in tech, massive names like spacex, like arm that softbank opens in the ai space, there's a real possibility they could be winners in the fall. >> nobody is talking about spacex going public, just to put that out there maybe starlink, who knows. that's total speculation unlike stripe or arm, which many people have talked about we're going to get arm most likely later this summer or early fall that's a big one what did technologies, is it more important we get one that succeeds in terms of its opening debut? >> i think there's a big difference in the business model between arm, which is in the ai space and the chip space and cava, which is great feta dip but not exactly high tech. the reality is that, i think, there's a need for a tech ipo that lands, that works, that makes money for people, but these tech investors invest at such early stages that they don't need it to be this massive success for them to still make money and return it to their investors who have not seen any returns for quite a while. >> how does this change what you are will

i immediately thought of a softbank which has portfolio investments all over the world it's in bytedancewell as a number of other u.s. hedge funds and particular venture capitalists. it does raise questions, what are they going to do do they have to think of something similar? it's a question going forward as geopolitical becomes a bigger factor. >> are they going to get criticized for investing in chinese companies or semiconductors something you have to imagine gets complicated thank you, deirdre bosa. >>> after the break, meredith whitney, known for predicting the financial crisis in 2008 she joins us at post 9. >>> june is pride month and cnbc is celebrating all month long on sharing stories of corporate leaders with you this is grindr ceo george harrison >> we know that there's so much attack and hate in the community happening from lots of places in that context, grindr going public in november, i think, speaks to a lot of positive things the week we celebrated on wall street when we went public and the support we've gotten since going public is fantastic. here's a company built by

. ♪ >>> masi son says softbank is in position to win the a.i. race.e appearance at the annual shareholder meeting. it will not be deterred by losses and it will rule the world in the end >>> alibaba says it is replacing the long-time ceo daniel zhang with eddie wu who serves as chairman of the company's ecommerce divisions. zhang will leave the chairman of the board. the unexpected departure comes after alibaba announced the six-way restructuring to boost growth at the individual divisions and people who watch closely say this signals that jack ma is the spiritual leader since joe tsai is being brought in. >>> and carlos ghosn is suing the former employer, nissan, over the alleged miss conduct a arrest in 2018 ghosn fled to lebanon in 2019 after being arrested in japan for financial crimes he continues to deny the charges. >> where does he sue them? in a japanese court? he is not allowed to go back into the country he cannot leave lebanon bought being extradited. >> he would sue. >> slander is stuff you say. libel is thing you print >> i would do both

guest has held a wide variety of roles among the challenges, stepping in at we work and leading softbankxt chapter, the executive chairman and managing partner. good morning to you, sir >> how are you good to see you and tell us with this next chapter what you're doing. i have so many questions about so many other things going on in the world but this is your nexter to yea. being able to work it's great to be work. and it just great to be back so our larch often and a lot to do with my parer in because he is the the lynn frnl and he said he not clearly launched focus and it launching today i'm incredibly excited about it. >> just for the audience that doesn't know, go back to your history of bright sr effectively selling used phones out of your town frm so it a mold dis fuchlt ffrp and it all comes back to a life we're comfortable can and that's life in america and now that i'm allowed to go back to work, the first place i want to go back is in america. >> they call that gardening, we'ding. how did you get involved in this >> i'm they're great founders solving big problems but they don't

owned by softbank now. a mature company, an enormous company by ipo standards, certainly.t could be a barometer if, in fact, we hear it's going to be coming soon >> well, reddit has been on file for quite some time now. that's one people have been watching instacart as i mentioned before. stripe seems like it's going to take time before really heading to the public markets. you have to look at the comps and the restaurant space has done well. panera is a contender as well as some other restaurants so maybe that's more of the near term ipo contender, in that more consumer space we saw a decent debut by kenview, a consumer company, operates in the consumer space used to be part of johnson & johnson. i think in the near term it's really going to be sector specific, but in terms of those big, kind of high growth ipos, we may be waiting a few quarters for those to really come out. >> leslie, thank you appreciate it. leslie picker. >>> as we head to break, our road map for the hour. travel names from airlines to cruise lines, leaving the s&p this week. we're going to have cowan'

softbank upgraded from jeffrey's on the arm tail.aad: that is it spared we have chinese stocks lifting the asia-pacific to the upside. up next, bloomberg daybreak middle east. ♪ okay. i'll work on that. save 50% on the sleep number limited edition smart bed. plus, free home delivery when you add an adjustable base. only at sleep number. >> the following is a paid program. the opinions and views expressed do not reflect those of bloomberg lp, its affiliates, or its employees.

so i think what we started at softbank was we took latin america from one and a half billion a year to and that gave rights to a booming entrepreneurial system. i think latin america deserves a fund that is going to be focused only in latin america and not the traditional tourist capital and then they train when things aren't that good. >> i want to focus on my career in latin america. >> you want to focus on not just latin america founders but diverse founders. how much will we are in an environment where interest rates are gara -- going higher and people are wanting to put money into trident tested founders, how are you still able to focus on a minority founder? >> the interesting thing about founders who are underrepresented is they have the grit to succeed, they have it overlooked. they are the perfect solution for this moment in time. they don't come from the typical mold and they had to struggle from where they are. we think they are unfairly overlooked so it's not about the macro for us, it's about the micro and the people best suited to navigate moments like this in the people

he started talking to chatgpt about his business ideas for a.i., and once again, sort of taking softbankthat road. and you know, he had his cry, and now he's in love again with chatgpt. thank you, "wall street journal," for that great headline it encouraged him as well. he said, "chatgpt and i came up with a bunch of ideas. >> they talk every day >> that's great. well, chat's very supportive when you're in trouble like i said, it's a yes man. am i great you're the kin >> i got to sit down with masa again. >> sit down with chatgpt it's just as good. >> i got to pay the 20 bucks and get 4 so you can actually be more current it has access to more, and you can upload a lot more. >> i looked when marc benioff, the ceo of salesforce, said, listen, it just does nothing but plagiarize it does. it plagiarizes constantly. >> yes, it is taking all the content that has ever been created to a certain extent that's available on the web and then formulating its answers, so to speak >> i got into chat, how do i get my wife to like me more? >> does it understand that >> it says, you're the greatest, you