. ♪ tom: this is bloomberg, i'm tom mackenzie.ncern among allies by suggesting he could abandon nato members in the face of a russian invasion. israel conducts strikes in southern gaza as biden urges netanyahu to shield civilians. iran signals a diplomatic solution moving closer and equity futures are higher following muted trading in asia with markets shut for lunar new year. a preview of u.s. inflation data. european futures are looking to build on three weeks of gains. futures higher across the european space, up 2/10 of a percent. ftse 100 futures looking to add 2/10 of a percent. inflation data out of the u.k. this week and waiting to hear from andrew bailey to see if he has changed rhetoric around the first cuts. s&p futures are flat, looking for momentum and waiting for the cpi print. nasdaq futures are down. 18,000. the s&p broke through the 5000 level on friday. let's look at the oil space. euro-dollar, a gain of a 10th of a percent. of for sterling. bitcoin close to posting the strongest streak in a year as inflows conti

i am tom mackenzie in london. these are the stories that set your agenda. lifting his target for the s&p 500. plus, u.k. lenders and focus this week with some of the largest banks set. let's check on this here in the u.s.. we continue to reflect on the prices here. down .2%. you would get to 5200. let's look across the asset there. gains around .9%. he had three state -- three straight days of gains. currently flat on the session. let's go cross asset now and have a look at these currencies. the road dollars at 107. softness there, that of the china story. the demand concerns outweigh the geopolitics. the middle east over defy the global stop. this is the best year in record for new listings. >> it is a fascinating place to be in a fascinating time to be here. rothschild just opened a new office. in the effort to diversify the capital markets in saudi arabia. >> other investors and officers that may have been weary are now deciding that the time could be read to take advantage of this boom. it is part of vision 2030 which was launched seven years ago at thi

tom: good morning, this is "bloomberg daybreak: europe" i'm tom mackenzie in london. stocks in asia in a holding pattern as markets look ahead to growth and inflation data due this week. u.s. and european futures pointing lower. congressional leaders meet president biden as efforts to avoid another government shutdown ramp up. apple shares again as bloomberg reveals the tech giant is ditching efforts to build an electric car, as it pivots towards ai and mixed reality headsets. let's check on these markets. there is a bit of a holding pattern. bit of a mixed picture. you want the detail on the inflation story of the u.s. on thursday with personal consumption expenditures, the pce, the favored gauge of the fed and then gdp today out of the u.s. we will see if the revisions change the picture with 3.3% currently on the board for the most recent quarter out of the u.s. modest gains on wall street yesterday for the s&p, ending higher 0.2%. still in the green for europe. we will see how that evolves today. currently european futures pointing lower a little over 0.1%. if is

i am tom mackenzie. u.s. stocks hit another record with the s&p briefly topping 5000. japan joined the party with the nikkei at a 34 year high. chinese equities in hong kong slumped for a third straight day. chip designer arm adds 38 billion dollars into value after a record jump of 40%. the gain propels something to its biggest two day rally since 2020. l'oreal sales disappoint hit by weak demand from chinese travelers. we bring in numbers as they break in about one hour. let's check in on markets, because you had the fresh record from the s&p coming through briefly above the 5000 level and four straight days of gains were u.s. stocks pushing through commentary from fed officials and expectations rate cuts may come later in the year. you futures down by .1 of 1%. ftse futures down about .1 of 1%. s&p futures pointing lower by .1 of 1% but still holding at the 5000 level. it nasdaq futures flood, 17, 875. if had an auction of debt, 25 billion it will taken by the markets. 10 year at 415. japanese yen in focus on the back of comments from the bank of japan suggesting ea

i am tom mackenzie, and these are the stories that that your agenda. stocks rally as ai enthusiasm powers gains in the u.s. and japan. european futures point higher. japan loses its crown is the world's third-largest economy as it slides into recession. we look ahead to u.k. gdp data which could confirm britain has fallen into a recession of its own. airbus says it will deliver fewer planes than expected and -- in 2024. we discussed that and more on another big morning for earnings. the redhead crossing right now on stellantis, the maker of jeep, chrysler, and other blends lending at 3 billion euros share buyback in 2024 for stellantis. net income for the full year of 2023 coming in just above the estimates, 18.6 3 billion euros. a slight beat coming through on full year net income for stellantis. net revenue coming in it 189.54, also will be above the estimates. slightly beating estimates as well. four your dividend per share 1.55 euros. slightly smaller for the full year, but it is the share buyback, three billion euros that is a real standout. let's

i am tom mackenzie in london.s are as authorities ramp up efforts to revive investor confidence. on wall street stocks retreat , ahead of nvidia's pivotal earnings report. some investors bet the next u.s. rate move could be up rather than down. hsbc falls in hong kong as it takes a 3 billion-dollar hit from an investment in china. ceo noel quinn downplayed the charge. noel: that has no impact on our capital position of any significance. it does not prohibit distribution because it is noncapital impactful. tom: let's check in on these markets. european futures .2 very modest gains after the selling yesterday, the nice hand over from asia, of course, and you see the msci asia pacific up about 0.1%. the ftse 100 currently down. s&p futures .2 losses about 1/10 of a percent, some profit taking yesterday arguably. the drumroll starts ahead of those nvidia earnings. let's flip the board and have a look at the asian session. we have seen that strength come through on the mainland and in hong kong, a bit more support comi

bloomberg's tom mackenzie looks at what is at stake. streaming a netflix movie in south africa, assume call with a doctor in india, downloading an e-book on a beach in bali. those are a few of the online transactions that could face new taxes. that is, if a 26-year-old e-commerce deal falls apart. the agreement blocks tariffs on digital transactions, wherever they occur in the world. it obviously benefits major u.s. tech companies like amazon, meta, and netflix and it is good news for smaller terms that collect data and do business in international markets. and it is big money. the u.s. exported more than $600 billion of digital services in 20 alone with the u.k. at over $300 billion. when the wto meets this week it will have a lot on its agenda. but, perhaps the most pressing is renewing this deal that expires march 31. they have re-upped it every two years since 1998. some countries want to make it permanent. but, experts think indonesia, india, and south africa could oppose it entirely and it would only take one to scupper the deal.

i'm tom mackenzie and these are the stories that set your agenda.uropean creatures trade flat as investors look ahead to a reading on inflation. data will be key to the pace of rate cuts. while makers of for an imminent government shutdown as mitch mcconnell announces he will step down after november's election. bitcoin source as demand puts the coins record high back insight. selling came through in the u.s.. things are turning around when it comes to u.s. futures. european futures are flat. inflation is flat. the key gauge coming out later. gains of a 10th of a percent. 5082 is the line for futures. that stack also flat. bitcoin and the japanese yen are assets that jump out right now. comments from the boj about getting closer to inflation and you are seeing strength in the japanese yen crossing through the 150 level. the u.s. two-year is it a marginal take up. 465 on the two-year. iron is gaining. it:, 62 thousand 628. enthusiasm continues. just shy of 69,000 was the record. let's go to the asian session. what is standing out to you? >> china and

i'm tom mackenzie and here are the stories. chinese and korean stocks way on markets in asia as traders brace for a flood of economic data this week including the fed's preferred inflation gauge. volodymyr zelenskyy say is at least 31,000 ukrainian troops have died since russia's invasion two years ago. his push for more u.s. military support. double whammy. nikki haley loses a key financial backer after a crushing defeat in her home state. we discussed where the loss leaves the race for the republican presidential nomination. let's check in on these markets. profit taking, given the run-up we saw, the ai powered run up last week and the gains on the back of that. global markets come on those highs. today, a mixed picture across asian markets, flat across msci asia pacific. we will break down what is happening. a couple downgrades for chinese corporations, part of the mix. european futures getting close to the 500 level, locking in further gains on friday, just lower by about zero point 2%. positioning for a bit of a loss when

i am tom mackenzie in london. these are the stories that that your addenda. u.s. market to be open after the president's day. america was against an israeli assault and a draft security council text. all s concerns grow about the humanitarian situation in gaza. plus we will review the numbers and look ahead to more big bank earnings later this week. let's check in on these features then. the u.s. will return later today from the presidents' day holiday. trading expected to be a little bit lower. here in europe, you're effecting on the fact that you are close to those record 2022 highs. let's have a look at the asian session. you would see a pretty challenging day so far across asia despite that record cut to the five-year loan prime rate in china. that underpins many mortgages. the shanghai comp is about -- just about in positive territory. the benchmark in asia currently up about two -- .2%. there is pressure coming through the chinese stocks. tech stocks listed in hong kong on the news the chinese authorities are getting a firm grip on the tech sector and tech d

i am tom mackenzie. treasuries fall is the future purchase back in hopes of imminent easing. jay powell saying it remains unlikely the central bank will cut next month. >> i think it is not likely that this committee will reach that level of confidence in time for the march meeting, which is in seven weeks. tom: china's latest place to stabilize markets fails to calm investors with another volatile session process. shares plummet as much as a percent before paring losses. the u.s. vows more strikes against iranian link groups in the middle east after hitting dozens of targets across iraq and syria over the weekend. a breaking story across the bloomberg terminal. this involves samsung and a key executive at that conglomerate. this broke just in the last few minutes. this is around the acquittal of samsung's j lee acquitted in a succession case. he had been charged with driving a friend of the former president with the government favor of a good deal that was widely seen as a key to the succession planning at the conglomerate. he has been cleared in that case. that is the red h

i am tom mackenzie. asian stocks in as japan drives toward a record well consumer rebound hopes ramp up in china. atlanta fed president raphael bostic which is back on red cuts amid mixed u.s. data. markets await u.s. producer prices do later today. president biden warns israel it must protective against as it readies an assault on the crowded city and gaza of rafah. switching focus to look at the reinsurance giant of swiss franc, four your return equity of 22.3% below estimates of 23.3%. we are looking for details on the dividend. we know as well the north atlantic hurricane season was less destructive than had been expected, so we are looking at the top i net income, there it is, 3.2 one billion coming in slightly below estimates. net income for the full year coming in below targets. a little below the estimates from the street of 3.2 3 billion. those are the key lines coming through from the insurer, and we will be speaking to the executive later on markets today . return on equity, 22.3% versus estim

tom: thank you very much on a cruci tom: good morning, this is bloomberg daybreak: europe, i'm tom mackenzielondon. these are the stories is that your agenda. ubs fourth-quarter net loss comes in higher than expected. the swiss lender will resume buybacks of up to $1 billion this year. australia's central bank holds but does not call out further hikes. treasuries pair losses after a two day route falling a stronger u.s. services gauge while the fed speakers pour cold water on a march rate cut. chinese markets or amid promise of more support from beijing. president xi is set to be debriefed on the stock ruptures. it is another big greek -- big week for earnings. first quarter revenue coming through for the german listed chipmaker with a big focus on supplies to the auto sector. let's start with for your revenue coming in at 15.5 billion to 16.5 billion. this is what they expect to see. four-year revenues coming in. the estimate had been for around 60.8 billion euros. four-year revenues up between 15.5 billion euros to 16.5 billion euros. the top end is slightly below the estimates. on the qua

i am tom mackenzie, and these of the story to tell your agenda. a risk cognitive markets as fears of bank loan losses are reunited and jay powell pours cold water on the rate cuts next month. >> i don't think it is likely the committee will reach a level of competence by the march meeting to identify march is the time to do that, but that is to be seen. tom: the bank of england's next up with expectations of a core inflation forecast potentially opening the door to guidance on using. earnings season rolls on with european banks taking center stage, and deutsche bank says it will cut 3500 jobs. we will bring you the numbers work bmp and julius baer. the red head as her mother's job cuts, but the buyback would always begin focus for analysts, and the detail is coming through with 675 million euros being outlined in terms of plans for a buyback. the q4 was amiss for deutsche bank in terms of what this all in terms of tech sales and trading revenue coming in low estimates. net revenue in the fourth quarter missing in terms of estimates coming in at 6.

. ♪ tom: good morning, this is bloomberg daybreak: europe, i'm tom mackenzie in london, these are thees that set your agenda. stocks rally after nvidia reports results that exceed sky high expectations as the ai boom rolls on. in japan, the nikkei 225 closes at a record high finally surpassing the peak reached back in 1989. fed minutes show officials are wary of cutting rates too quickly. plus, mercedes announces a 3 billion euro buyback. the automakers full earnings are dropping right now. nestle forecasting slower sales growth this year. we will break down those numbers for you. let's bring you the mercedes numbers right now, and in terms of what we are seeing, adjusted ros, 10% to 12%. the estimates had been for 11.3%. the top end of that guidance coming in higher than the estimates for mercedes in terms of their expectations for the full year of 2024. they see lower returns this year and the global economy is slowing. the impact is being felt in terms of what we saw for the fourth quarter sales coming in above the estimates for mercedes and the fourth quarter, 40.3 billion euros,

. ♪ tom: good morning, this is bloomberg daybreak: europe, i'm tom mackenzie in london, these other storiesset your agenda. traders await u.s. cpi data, which could show inflation falling below 3% for the first time in three years. a beautiful day for the bank of england when u.k. jobs and wages dataset to provide more clues for the central banks great path ahead. plus, president biden pushes for a six-week pause in fighting in gaza as israel launches more strikes on the crowded southern city of rafah. let's check in on one of your markets. fresh gains across european stocks yesterday. highest levels we have seen in about two years across european stocks. futures pointing to a breather as we await that data in u.k. and of course the u.s. as well. european futures up by 2/10 of a percent. ftse 100 futures old and onto gains. commodities come into play with brent prices. 7000 552 on the ftse 100. pointing a little negative on the back of it, a bit of softness came through yesterday, still above the 5000 level. nasdaq below that 18,000 level and essentially flat in the future. let's cross the

he will be joining tom mackenzie in london to talk about the firm's latest earnings and the outlook ast will be happening today at 5:30 p.m. sydney time. haidi: the other big story we are watching his continued reaction as we see asia waking up to very solid nvidia numbers. nvidia surging in late trading, delivering yet another eye-popping sales forecast. what we are seeing when it comes to positioning in u.s. futures, the nasdaq 100 seeing a pop of 1%. this is the fresh momentum that this cautious market was needing in the stock rally. we expect to see that play out when it comes to other asian markets coming online. watching treasuries as well. the other part of the u.s. market story is passing through those fomc meeting minutes. noting the risk of inflation process stalling and the fact most fed officials see the risk more of cutting rates to quickly rather than the risk of holding rates too high. we're seeing some soul searching and reigning in of the fed cut expectations. nvidia still up by about 1% as it as to a streak of expectations being not just met, but quite shattered. of c

tom mackenzie joins us now. expectations are epically high. ember quarter, revenues were coming in around $18 billion. that was up 200% year on year back in november. with or not we get that kind of increase this time around is the key question mark. what bloomberg intelligence is saying is the lead times in terms of the ability for nvidia to churn out these chips and get them to customers have shrunk somewhat, so bloomberg intelligence is skeptical you get that blowout result, but the consensus is you go from $18 billion last quarter to $20 billion this quarter. you have the likes of lou capital markets targeting a price for nvidia of $1200. we will look for that segment breakdown as well. the software part of the play and the focus on enterprise as well. guy: i do not know how you predict going forward for this business. it trades at 100 times the multiple it is on. expectations going forward are very high. it will have to continue to deliver and deliver and deliver to justify those kinds of multiples. how much visibility do we really have on

i've got tom buick and kelvin mackenzie . but strange things mackenzie.ly let loose and kelvin is in his place . hello? the false eyelashes are on. they are natural eyelashes for me. kelvin, look at that. everybody look at him. you could work as some kind of panto dame or something like that. >> yeah , well that may that may. >> yeah, well that may that may. you know, i'm always looking out for fresh venture ideas is what i've not told kelvin is that when we've applied these fake eyelashes to kelvin, we've done so, uh, in glue that lasts a month. >> i'm not talking that bit yet. so you'll be seeing all his appearances with those things on his face. anyway, there's a serious reason that kelvin is donning his falsies tonight. everyone. because there is a school in kent , right? i everyone. because there is a school in kent, right? i promise you, this is so ridiculous. it's a letter has been sent to parents now basically saying , parents now basically saying, um, that for considerations of pupils mental health and the fact that so many students were taking t

i've got kelvin mackenzie on the show as well. any punches well. he didn't pull any punches on and tomix till seven. as ever this. sounds >> if that's dewbs& co six till seven. as ever rightis. sounds >> if that's dewbs& co six till seven. as ever right now. unds >> if that's dewbs& co six till seven. as ever right now. moving superb as ever right now. moving on. immigration to northern ireland has doubled in ten years. and would you believe it ? years. and would you believe it? it's causing major problems within the community. i'm martin daubney on gb news britain's news channel . welcome back. 542 is your time and you're watching or listening to martin daubney on gb news now. for decades , on gb news now. for decades, britain has been dealing with immigration, but for one part of the uk, it's a relative new experience. northern ireland is only now beginning to see migrant communities, and they are mainly obe taking part in working class areas and making it their home. and that's causing tensions within the wider community. gb news northern ireland reporter dougie beattie has this rep