shery: tencent earnings missed estimates. u.s. futures unchanged at the open here in the asian session after the s&p 500 gained ground today. we saw a little bit more optimism that perhaps we could see a breakthrough in the debt talk in past. we heard from president biden even kevin mccarthy coming out and saying potentially a deal this week was doable. we continue to watch what's going to happen on that front. in the meantime, we had banks rally because western alliance showed deposits were up. that shored up confidence in the banking sector. we had a little bit of pressure when it came to oil prices, they were slightly higher in the asian session, down again all to do with risk on sentiment being offset by the fact that we saw u.s. stockpiles seeing the biggest increase last week since january. concerns about global demand are out there still. haidi: a lot of concerns as to how this is complicated by the ongoing debt limit standoff. we did see more positive sentiment on the market side. does that mean we are getting closer? gues

tencent posted the fastest pace of revenue growth in more than a year.first quarter results, bringing in annabel from hong kong, it was still a mess when it comes to -- miss when it comes to the earnings. >> some of the key number that came out revenue expanding by 11% in the first quarter. just over $21 billion that was exceedingly forecast. net income at $3.7 billion that was short of. projections talking about woodrow that we had healthy gains and domestic gaming side. honor of kings, one of its most popular titles saw new highs of gross receipts and there was weakness coming through in the ad sales business. it was reportedly uneven, something tencent itself acknowledged in the earnings call. verticals like fast-moving concern -- e-commerce seeing a quicker rebound. we chatt taking more than half of the revenue for the company. >> what do we see in terms of reactions for resident -- analysts? >> a number of different reactions when the key things is the focus on the domestic gaming revenue. it had double-digit sales growth, the question is is it sust

tencent reporting aftermarket.ssed estimates and of the stock rose more than 8% the following day. we could be in for an exciting day tomorrow. yvonne: we're still talking about single digits when it comes to growth for this company. it goes to show, the good old days are gone for some of these tech platforms. it dovetails what we're seeing where risk appetite in china is so low given what we have been seeing in terms of sentiment data. and the hard data really is helping. >> we're in an interesting moment in markets where betting on the market broadly. let's not forget china tech was a huge beneficiary of that china reopening trade. it was were all be offer money was filing into. alibaba, tencent, baidu, jd.com are the well-known names international investors focused on. that trade fizzling out has impacted these stocks. but on the flipside, investors are looking for a catalyst. earnings is the one thing that might give that boost. or at least give some direction right now because if you look at the macro trade, i

up next, we will be previewing tencent earnings.ys a rebound in china's gaming sector is willing chinese growth. this is bloomberg. ♪ >> the fed president is it to be convinced that inflation has been defeated and is willing to raise rates if needed. he spoke to us at the annual financial markets conference. >> demand is cooling but it's not yet cold. that's what you saw today. we had this spike on all of the demand metrics in january but february, march, april are coming in flat net of inflation, for example, in retail sales than they are. i think that's just a sign that the combination of all these things, rate hikes eroding consumer savings, leaning fiscal stimulus are all affecting demand and the way that you would think. >> we've come down from 9% inflation to around 5%. the low hanging fruit has been picked, as they say. do you think you still need more restraint to get down or at least get us moving back down towards sheer 2% target? >> there is a plausible story that combines the things we were talking about and add credit t

new highs for gross receipts for tencent.e got a hit at the moment, alibaba in view as it comes out with earnings at bit later on today. should be updating us on its split up plans and that comes as we have fourth-quarter results being published. baidu and jd.com also there in the mix. we are looking, of course, at those quarterly earnings from alibaba with the tech side of things certainly in focus coming hot on the heels of tencent with revenues that did actually beat, but net income was a miss. our chinese markets reporter is with us. tencent on the way down despite very strong revenue numbers. you got to ask, what are investors concerned about? what are they want? >> it is a little surprising to me as well because we were seeing u.s. shares actually rise overnight and everyone was really upbeat. i'm guessing hong kong people are more worried about if this new momentum can be sustained. for example, light, the high gaining growth we have seen in the past quarter, if that is sustainable. this is a big question to many, and

you have tencent and alibaba coming in the next few weeks there is bearish sentiment we have seen chinapening up. we saw a bump for the chinese tech companies early on. the excitement faded away as the reality set in that is still a difficult market for the tech companies look at the ecommerce front. not the revival in the chinese consumer spending. they are spending on travel. look at the apple numbers. the expectation was there as well you think about alibaba and are the chinese spending on ecommerce? the ad market is still tough that will impact the likes of baidu and tencent as well and the regulatory environment has eased, but still remains a concern. i think that initial excitement of the opening up of china faded away we have seen that in the way that the chinese tech stocks traded >> arjun, thank you for coming on the show and telling us what is going on not just with nintendo, but stocks >>> coming up on the show, the debt ceiling deadlock weighs on the sentiment as janet yellen erves a warning over what lies ov the cliff's edge. we'll be right back. >>> welcome back to "street

haslinda: you mentioned alibaba, tencent.uble-digit growth from those companies. what can be expected? what will it take? >> i think the market is no longer expecting anything like the golden years we have had before when tech giants could easily see their revenue growth to reach double digits. next week, tencent is going to be a little bit better. they are still going to see, like, a 7% revenue growth, but still, people are still concerned about, you know, for example, how fast advertising can recover given that the cpi data and also china macro data are indicating very weak retail sales momentum in general. for alibaba, the situation is more challenging because the majority of their revenue relies on the consumption recovery, which is still very, very weak at the moment. rishaad: thank you so much, our bloomberg china markets reporter. take a look at some of these companies. jd.com one of them as well. smic is down. we saw a 10% fall yesterday because of expectations of a profit lunch. some of that has been taken back here

according to baidu and tencent, we will see further commercialization use cases for ai, and in china we are seeing regulatory approval around it. it is a measure that they are working hand in glove with chinese regulators to launch the bot to the mass public in china. david: what is the official stance? esme: they are supportive. the key thing will be around content moderation, but we can be rest assured for the major companies they have had so many years of experience working with regulators making sure the content is all under the right rules before it gets out of the public, so the key will be around commercialization and we can possibly refill the regulatory headwinds if there is. yvonne: regulatory headwinds domestically, but geopolitically we are still dealing with sanctions. can these ai developers and this model train that is trying to be grown here, can it actually thrive given the fact they do not have access to some of these high end chips? esme: we think the earlier narrative has been around chips and that is still a valid point, but what we are seeing is that the industr

retailers with alibaba and tencent.n terms of the fx markets, we saw a run with 0.6% gain on friday this morning the dollar is trading on the back foot. giving up the gains. euro is up .25% against the dollar sterling is up against the greenback at 124.84. we have come down from before with the bank of england dec decision in terms of the u.s. futures, we have a positive start to trade indicated. dow jones industrial average looking to add 130 points. nasdaq and s&p also looking at a stronger start after u.s. stocks slipped on friday after weak consumer sentiment data. we have seen moves in commodities. i want to get a check there. wti trading .30% higher at $70 brent is trading at $74 a barrel last week, the fourth week of declines for the price of oil. why? let's ask our guest. tom nelson head of equity at 91. tom, great to have you with us we have seen a massive re-pricing in oil with four weeks of losses for crude. the oil market giving back all of the gains it made with the opec plus cut decision what is dictating

the source says companies on the itinerary included tencent and tiktok owner bytedance.st china trip in years will come with the u.s. trying to curb access to leading edge technology. shares of this group are falling sharply in trending as they eye fresh capital. they are raising $3 billion with the majority of the money coming from the saudi public investment fund. the kingdom's main wealth fund says this is their largest shareholder. plenty more to come on daybreak asia. the market opens in japan, south korea and australia, coming up in a little bit over half hour. the yen hovering just below 140 against the greenback. keeping our eyes on developments in capitol hill and washington is the debt limit deal approaches passage in the house. 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. j

plus mixed earnings result from tencent.fell short of estimates despite gains in the cloud unit. coming up, we will speak to the ceo of character ai. all about it's super intelligence companion. this is bloomberg. ♪ ahhh ed: welcome back to "bloomberg technology." let us get a quick check on the markets. i want to play -- pay close attention to bitcoin. we are down below 27,000 u.s. dollars off of .6%. we are trading 24/7 when it comes to bitcoin. there is technology news in terms of gauge -- of engagement between platforms. there is not a close correlation between the trade that we see and other risk assets as it relates to the debt ceiling. we have traded in this range from 26 to 28,000 u.s. dollars per token over the last couple weeks. in terms of equity there is news flow driving particular names. we are thinking about amazon. they are out with a new range of devices and we will give you those details. when we consider ai, a lot of commentary from companies about how they are taking the r&d side and putting it into produ

a source says companies on the itinerary including tencent. first trip in years will come with the u.s. trying to curb beijing's access. sean diddy combs is suing his partner. he is accusing the british multinational of racism and undermining the joint venture. he alleges they were not pushing for a marketing -- he says they pay lip service to diversity. up next, latest on the u.s. debt deal with the house vote set happen here. mark molinaro joins us to explain why he supports advancing the bill through congress. this is bloomberg. ♪ vonnie: you were watching "bloomberg daybreak: australia." iran is based on monitoring and equipping up corporation with international inspectors even as its engineers at a just because uranium. the iaea report finds iran is less likely to face a censure when diplomats convene in june to discuss its nuclear program. the organization's inspectors have raised concerns in march over the presence of uranium particles in which to 84% purity. pakistan says it plans to import up to 35% of its oil needs from russia and wh

>> there was pokemon unite and that is a mobile game that was already released globally with tencentcent's expertise in the immobile genre because they are one who topped global charts, the expertise is going to help nintendo pokemon unite. the chinese market for nintendo is not big. the other segment, other geography is only accounting for less than 10% of sales. shery: lots of games for me to try. great to have you with us. bloomberg equity research. we have more coming from the bloomberg wealth asia summit in hong kong after three years. these are some of the names will be hearing from including the hong kong monetary authority. this is bloomberg. ♪ go. go scientist. go software. go cure. go production. go faster and safer. emerson automation software helps breakthrough medicines get to market at warp speed. go human go. go boldly. emerson. >> this is daybreak: asia counting down to the major market opens. no clear direction coming to u.s. market trading, and mixed picture with the s&p 500 higher but following breaking news with goldman sachs i agreed to pay 250 million dollars to

of more than four times the tencent average of analyst estimates.re than one third to $3.7 billion, outperforming projections. haidi: qantas has announced a successor to alan joyce when he stepped down in november. chief financial officer vanessa will take over as the first woman to lead. bloomberg's paul allen joins us for more. and we heard some speculation about this, this tightening perhaps coming as a little bit of a surprise. what do we know about vanessa hudson and how she will transfer those cfo skills into the top job? paul: she knows qantas inside out. she has been there for 28 years in various roles. she was chief customer officer for some time. she was vice president across the americas in new zealand for some time. she worked closely with alan joyce. she's made no secret of her desire to get the top job if it were offered. she had to go through a rigorous selection process but the chairman says hudson has a deep understanding of the business, largely thanks to the share number of roles she is held in the length of time she is been there

we will get tencent earnings today and see whether that shakes things up. that in europe is reflective of a u.s. market that finished in the red yesterday. it was that fear over the debt ceiling drama. biden cutting his trip short. and s&p 500 futures are higher this morning, up 0.2%. manus: i think my favorite phrase was suggested by tony, who said we are fine, we are frustrated, insecure, neurotic and emotional. that is your average equity trader. with that in mind, it translates across assets, it is a bit like a day on daybreak. which takes you to the short end of the curve. one-month steve ells going back to the highest level since data began in 2001. we come off that kind of high zenith the point. when it comes to the longer end, that was driven more by the $31 billion, the fourth artist ever bond sale you mentioned from -- largest ever bond sale you mentioned from pfizer. ubs says the debt ceiling will give a short-term boost, but after that, it is their least preferred currency. hedge against u.s. slowdown. and nymex is flat to off this morning at 70

with tencent and alibaba, this was not like a 10 year debate in the united states. is needed around all of this cryptocurrency. we are on a lot of these. they're here to stay but i think the chinese have done a good job with the regulatory things. ai is going to open up a new can of worms. my guess is they will figure out -- i joke china is run like a corporation. the u.s., i would invite you to watch congressional hearings about tiktok and facebook. it is amazing. we are going to take a while for regulatory frameworks to come into place, given the lack of knowledge in washington. caroline: despite the lack of ai regulation as it stands, are you backing founders looking to build in the artificial intelligence space echo what do you make of the rate at which companies are dubbing themselves and ai business? >> all of these hype cycles come and go. everybody thought a few years ago we would have self driving cars. i still drive to the office and i bet you do as well. ai is going to change the world. if you call a delta airlines call center, there is no reason you shou

competitor and looking good baidu on tuesday talked about advertising revenue picking up yesterday, we had tencent. talk about a domestic consumption recovery the bar is increasing for alibaba in terms of being geared to the domestic consumption story. we are looking at revenue of 209 billion which is about $22 billion u.s. >> you are doing a lot of math it's early we talked about warren buffett pivoting away from china and the 13-f doubling down should the average investor pay attention to the moves by the big-time investors >> berkshire is still a stake holder in byd. very successful position for them they are still heavily involved in china berkshire hathaway is geared to apple which derived 20% of the revenue. it shows diplomats from the u.s. and china side need to get on an airplane and start talking to one another. we have so much globally to lose if this relationship continues to fray. >> thank you, brendan. >>> we have frances rivera with the latest from new york >> good morning. we start with ron desantis who could become a presidential candidate next week. nbc news reported that desantis

it says it wants to bring in more investors as it seeks to compete rivals backed by alibaba and tencenteaking exclusively to bloomberg, the ceo said the company is working to boost revenue significantly this year. >> from an operations standpoint, we hope our revenue this year will have double-digit growth rates. wall street forecasts say 33 billion you want. haidi: nvidia shares are surging after hours after the chipmaker made bullish revenue forecast that beat estimates thanks to booming demand for ai. the sales shattered estimates. revenue in the first quarter also be estimates of the widest margin in five years. shery: pushing u.s. futures higher, we are talking about the nasdaq 100 many futures up 1.5%. what we saw with nvidia, very interesting because before the results, we have another chipmaker falling after a week outlook. semiconductors had been under pressure. broadly speaking, u.s. stocks were down for a second session in new york. we didn't see that much progress when it comes to the debt negotiations. even fed minutes showing split support for more rate hikes. coming up ne

the globalization we see in the money and i was on stage with marcello, and that business, -- is tencent're getting money from china perhaps rather than u.s.. the money opportunities are interesting and as we see more deglobalization, you are seeing disruption in where the money flows go stop u.s. allocators wanting to stay with u.s. founders and maybe a lot of miller -- middle eastern money being put to latin american everyone putting that's coming out here to get checks but china money going to latin america stop -- america. guy: it's what we are seeing now a more global take --tech picture and where does that leave the west coast? caroline: marcello was saying it is a tough time to be a -- the west coast. one of the key founders is saying -- innovating and bringing new fintech innovation in using ai within their business and we were taking our stock of change from china. they missed out on our growth so i think it does -- the west coast focused on innovating in the space of artificial intelligence and they are seeing startup boom. i think they would be -- emerging markets they want to

i'm the next hour, tencent due to report.ected to post its biggest rise in quarterly revenue in two years. at 10:00 a.m. u.k. time, a final print of euro area cpi for april. u.s. housing starts at 1:30 p.m. and target will report earnings before the bell in the u.s. i once tried to buy a t-shirt from target, never again. tom: i didn't get the thing about target until i went to l.a. and it was one of the first places my american wife wants to go. shipping costs $50, yeah, don't go there. wall street's biggest banks face a harsh reality check in china. that is the subject of today's bloomberg big take. the bank set to compete for a bigger share of the country's $60 trillion share of the financial market are facing challenges. kathy, why are wall street banks pulling back now? >> take a look at the first five months this year. very little deals going on. the thing about the u.s.-china tensions continuing to escalate, we have a banker telling us they saw green shoots earlier this year. suddenly, they talk about this spy balloon i

. >>> we're just getting results o out of tencent there follows baidu earlier.e're looking at a beat on the top and bottom line, coming in around 149 million -- should be billion versus 135 expectations. profits, again, beat 35 billion versus 3.4 the company's saying we've achieved solid revenue growth as we benefit from domestic recovery consumption, our advertising sustained rapid growth they're saying they're continuing invest in ai capabilities and they expect artificial intelligence to be a growth multiplier that enables us to better sev our users and our customers. so a lot of interesting takeaways from here, but the bottom line is the company is doing better in line with the recovery that we're seeing in chinese consumption. >>> now, elsewhere, a satellite com company, immarsat has had its best quarter ever. it looks for final approval for an acquisition the ceo rajeev suri is back with us the green light has come from the regulators, so that is good before we talk about what's next for the company, talk about this quarter and why the results were so stro

. >>> let's look at tencent which posted the fastest jump in revenue in more than a year.umped 11% in the first quarter with the rebound of payment volumes. the results mark a strong bounce back of growth after negative and flat quarters. >>> alibaba will report before the shell. it is expected to benefit from the post covid reopening, but will take a hit from spending. emily tan filed this report. >> reporter: alibaba expected $1.36 per share on sales of $36 billion. marking another quarter of contraction. the business will be in focus with a contribution to the top line and the strength of the con sierm -- consumer. the market is also waiting are details of the plan to split for six businesses to go public and it comes t-- moves to the holdin company and it is said to be the most mature to be spun off first. and then if ant group to revive the plans, we get numbers due out before the u.s. market opens. i'm emily tan in hong kong back to you. >>> cisco shares are lower after a huge backlog of products in the third quarter. the company posted a decline in orders and it has

china's post-pandemic reopening has seen tencent grow at the fastest pace of revenue growth in more thanr. sales rose 11% in the first quarter but net income fell short of projections. his plan to integrate artificial intelligence is now likely to be a focus for investors. cisco shares fell after orders declined 23% in the past quarter. the ceo said the difficult economic environment contributed but the company still raised its sales forecast s8 page improved -- and improve supply chain to improve demand. that is your bloomberg business flash. dani: adrian wong in hong kong there. coming up, we will look ahead to easyjet earnings. we will talk about that next, on bloomberg. ♪ dani: welcome back. it's "daybreak: europe." i'm dani burger in london and manus cranny is in dubai. let's look at the key things we will be watching out for today. officials are set to testify to the u.k. treasury select committee around 10:15 u.k. time. accelerating wage growth data out this week is expected to be the focus. then the deputy governor will be in attendance and we will get u.s. jobless claims and oth

you get on to sort of alibaba or tencent and all of these companies have all of that available to usersthis is what elon musk is trying to create within twitter. manus: lucy, thank you very much. let's see, the value of twitter some would has dropped considerably since he took over. the investment director at j.m. finn.we will talk about the job spain on wall street. goldman sachs are ready to take the axe again. this is bloomberg. ♪ manus: let's get out to hong kong. adrian wong has the first word news. >> elon musk has told china's foreign minister in beijing that the interests of china and the u.s. are intertwined. the tesla chief met him on his first post-covid visit to china. musk is expected to tour tesla's shanghai factory later today. north korea confirmed an effort to launch a military spy satellite into orbit failed today. a rocket crashed into the yellow sea. the launch is initially prompted missile alerts in both japan and south korea. pyongyang says it will attempt another launch soon. global news powered by more than 2700 journalists and analysts in more than 120 countries

tencent is unchanged and they got gaining approvals and china in may.are watching automakers with ford really building out its ev business, and they are saying they could sidestep of byd and tesla. take a look at when it comes to nikkei futures, indian futures. arc its are opening up in a few minutes time. we will talk you through it. we are near record highs when it comes to some of these indian markets. rishaad: that rally winning streak for japanese equities going on. they reopen in just under three minutes, four minutes. also coming against the backdrop of the indian prime minister being in australia for top-level political meetings and events with the indian community. we will be live in western sydney. this is bloomberg. ♪ ♪ yvonne: welcome back. it japanese markets coming online from their lunch break. it looks like the rally can continue a ninth straight day, on track to the longest winning streak since four years ago basically. take a look at how we're doing in the nikkei 225, above the 31,000 level. a stellar set of pmi in japan, which was a c

plus the tencent bank southeast asia company boosting pay for most of its workers this summer.kers who joined on or before march 31 will get a salary bump. the company has reached self-sufficiency after taking dramatic measures to slash costs. caroline: what a different tact from a few months ago. coming up, we've got to dive into what is happening in meta today. stories about a vow to fight back in the u.s. the ftc as it faces stiff reviews of its privacy policies. we will also be discussing what it's doing about canada. let's check in how shares are moving at how more broadly the tech market is moving. meta-managing to hold up, down .1%, in line with the rest of the market, dragging some of the indices lower after what had been a lot of exuberance following a few of their earnings. from new york and san francisco, this is bloomberg. ♪ 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 t

alibaba reports later in the week with air movers like tencent to the downside, nasdaq, golden dragonthose u.s. listed china shares down 8.5% -- down half a percentage point. in march, bitcoin backed down to 27,000 u.s. dollars. in terms of the individual movers, baidu moving to the upside, strong earnings be top and bottom line. the story about rebound in china after the chinese new year easing of restrictions, travel starting back up and the ad business doing well and ai everything. all the time ai. there is no main catalyst, the alphabet -- alphabets, the parent of google, you see gains. bloomberg reporting making moves. caroline: perfect segue. first up, alphabet, making back the market cap ground as its artificial intelligence game is back on. it seemed to be lacking behind peers in the race to deploy generative ai products. googles parent company is adding more than $150 billion in market value since unveiling plans for its ai tools last week. meanwhile, if you have been scouring the job boards for ai-related jobs, amazon has some listed, the e-commerce tried is planning to add

>> tencent is expected to continue to show strength in his online advertising business. that could jump. analysts are saying growth could be short-lived due to weak fundamental outlook. >> alibaba, the big one, what are we expecting? >> alibaba is expected to post sluggish revenue growth. and investors will be watching out for this. they reported that the company is getting rid of its cto officer as part of the restructuring. the only global shopping unit is exploring a listing. request that was olivia joining us out of hong kong. let's get you a quick of get a quick look at the latest business flash headlines. the transaction is the biggest ever deal ever. giving them 31% ownership of the combined group. they are facing the prospects of stagnating production, harder to my deposits and rising input costs. they are considering offloading hundreds of millions worth of private companies into the secondary market. the vast majority of assets is and start ups. in the financial times says it takes more options to sell a portion of that. investors are turning to the secondary m

in china, i have to say these big tech stocks, you know the names, tencent and jd and companies likeare very inexpensive and they are not going to grow in 20 to 25% year-over-year or more but they still have a lot of good business to do in china and i think in other parts of the world as well. they have lots of cash to deploy. rather than -- if i was going to him china, i think i would just on those internet platforms in china. and just kind of put them away, i would call it a refrigerator trade. if you're getting this re-rating and technology globally, i think eventually the chinese ones have to participate in that, you come away -- come back in a year and open the fridge, hopefully they will have turned out nice investments. >> thank you so much for joining us. let's take a look at what is moving on markets now. get it over to annabelle in hong kong. quest we are just about 50 minutes into the session after japan and australia. korea shut for a public holiday but we are watching the ship names in particular because these are leading the advance. watching the hardware names that are

. >> do you think in terms of competition, long video companies like yourself, tencent video, do theyll you start competing for the same advertiser, for the same view were -- a viewer? >> broadly speaking, there is competition. we feel the pressure from short video. the view time of short videos grew rapidly. in 2017, we grew very slowly and then we declined in 2019. there were two reasons for the decline. one is the rapid growth of short videos that took away some customers' view time. the other as they are change in the business model. now we are finding the best business model for us, which is supported by advertising. >> you see both sectors growing at the same time and not necessarily eating on each other's future. >> there is a certain degree of competition. this is just broadly speaking. if i inhale more air, i might get less air. this kind of impact is not huge. haidi: let's get you back to the markets. >> we heard that china's answer to netflix, talking about ai. it is the big focus in the session as we get underway, we are 40 minutes into the session right now. the question

for china, they look to individual regulation and nintendo will the -- got some titles and with tencentintendo will enter the china market strongly going forward. because firstly, china market is still unique. they have a meaningful exporter to mobile and p.c. rather than console. and we have a -- a local edition for china market. so i believe nintendo's -- china is not -- you know, for nintendo. shery: we have to look at results from bandai namco as well. what are some of your best bets when it comes to the gaming sector across asia? minami: yeah. so for december quarter earnings, we show -- we couldn't expect the software sales, especially in the states because of inflation. but for march quarter, so far, i don't see that we -- weaker-than-expected software sales so much. so today, capcom, reports, i don't have much concern about it for the result. and also japanese companies have a tendency that they guide -- their guidance so close at initial like may. but i think it's a great timing for the japanese game company names. because we can expect conservative guidance is kind of all the

tencent there was a move and analysts action came from goldman cutting their price targets.tly a dividend and there also coming up with monthly sales later today. they are using first quarter dividend. yvonne: looks like it, raising that. rishaad: let's have a look asian futures. marginal gains after the falls that we had yesterday. i think we had the s&p down .5% in nasdaq 1% down. 2-year yields, not much movement. it is a short and where we are seeing action certainly. and that is what is going on overall for these markets. david: literary -- literally sure and. yvonne: t-pain on the t-bills. i love it. david: someone call in the bartender. this market needs a drink. yvonne: yields north of 5%. risk assets, we are basically waiting for u.s. inflation. we see a bit more downside when it comes to taiex this morning. rishaad: the debt ceiling getting people nervy. yvonne: many more to come. this is bloomberg. ♪ ♪ ♪ old school wisdom, with a passion for what's possible. that's what you get from the morgan stanley client experience. you get listening more than talking, and a pe

glance at where we are as far as the markets are concerned because of what is happening there with tencentnear the session highs on the msci asia-pacific. yvonne: hitting things off on a positive note on this monday morning, still big earnings to tell you about throughout the week as well. the gmm looking like this this morning. this is bloomberg. ♪ we moved out of the city so our little sophie could appreciate nature. but then he got us t-mobile home internet. i was just trying to improve our signal, so some of the trees had to go. i might've taken it a step too far. (chainsaw revs) (tree crashes) (chainsaw continues) (daughter screams) let's pretend for a second that you didn't let down your entire family. what would that reality look like? well i guess i would've gotten us xfinity... and we'd have a better view. do you need mulch? what, we have a ton of mulch. hi, i'm katie, i've lost 110 pounds on golo in just over a year. a literal ton. golo is different than other programs i had been on because i was specifically looking for something that helped with insulin resistance. i had had co