you are looking at the profit warning by ubisoft cutting revenue guidance after disappointing sales. just down 23%. disappointing sales there. that led the company to review the full-year net bookings which is expected to be down by more than 10% this is the previous target of growth of 10%. big revision there speaking to journalists last night, the cfo said the biggest issue was larger market share and that led to less subpoenaed -- less spending. lower spending on non-essential good goods. bad news for ubisoft, they delayed another game release and cost cutting of 200 million euro of the next two years. we see in the u.s., the u.s. listed stock is a seven-year low. we see that now in europe on the paris market with the shares diving a lot of analyst notes are saying from citi and 2023 is looking like a writeoff for ubisoft. the revision from jpmorgan chase and morgan stanley as well the game developer also saw that shares diving a couple of days ago. people are spending less on non-essential goods. maybe a post-lockdown effect for the game developerdevelopers >> extraordinary share

you are seeing logitech down, and ubisoft is down. look at what is happening with persimmon. it is rebounding by 8%, and i hate to talk about the weather, but it's about to get cold in europe again. gas prices, natural gas prices are reacting sharply. we are up by 3%. >> is going to be 14 degrees where i am over the weekend. i am with you. let's get to the weather. let's talk about the united states. the s&p is flat rate it's been a bumpy ride, but the narrative seems to be that the cpi didn't slow as much as it was pricing to the equity market. then they rallied and now they are flat. i want to point out what it means for the two-year. if you wind up seeing the fed downshifting one or two or three or 25 basis point hikes. it will alleviate the front end. deals will be down by five basis points, but the interesting signal was on the back end. on the backend yields, we were moving higher and pricing out a hard landing. we were pricing in a soft landing. it was quite interesting. the current cross to watch as the dollar to the yen. the yen is getting a nice boost in the session

are from the tech space like meta entering the game space through oculus, or like zynga, take-two, ubisoftof them can become clients that us as a firm are looking to invest in. they are relevant, and eventually the companies can find an amazing business relationship they can become an acquisition relationship. it is absolutely still relevant. is a great companies at the forefront of where we are going. we are hoping to work with them more. ed: josh chapman, convoy co-founder, managing partner. caroline knows i've been one to have this conversation for weeks, months, surely about video gaming -- purely about video gaming. paramount has announced showtime will merge with it paramount plus service. the merge will be across the linear and streaming services. there will be a rebranding, paramount plus with showtime. the name change will launch later in 2023 and only affect the premium tier of karma pleasantly showtime network -- of the paramount plus and showtime network. >> crypto is having the best art of the year in a decade -- start of the year in a decade. this is bloomberg. ♪ ed: they jum

the s&p in australia is gaining 1% on to the europe front, the markets with ubisoft which is important to focus on. they are looking at waning demand of some of the merchandise on the gaming front. things are not necessarily looking good there they reset how they plan to look at their advancements in the future it is a retail day out in the uk very importantly the likes of tesco and likes of spencer with earnings the first two pointing to consumers looking away from going online and prefer going into the stores and doing well across christmas asos not doing well. the general sense of green acro across the board that's the look, brian. >> all green yesterday and green today. thank you, arabile i appreciate it. >>> let's get to the top corporate headlines and including a big design change for one key apple product. silvana henao is here with that. silvana, good morning. >> brian, good morning disney is gearing up for a massive proxy fight with nelson peltz after his fund took a $800 million stake in disney and began eyeing the board seat. in the preparations for the war, disney is appoin

you have ubisoft down.has not reacted but it signals back to the idea that you're seeing a slowdown in the consumer. frontier is down pretty hard. then we come down to a range of european banks. we have faded a few of them now. out west, bank of ireland at a 52-week high. it has faded, but nevertheless european banks and luxury continue to perform strongly. details to follow. the close is coming up next. we will work our way through what is happening, european stocks up performing u.s. stocks has been the narrative. 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 the most reliable 5g network. with no line activation fees or term contracts. saving you up to 60% a year. and it's only available to comcast business internet customers. so boost your bottom line by switching today. (jennifer)cast bus

ubisoft delayed software releases and logitech and kindred down today.t is where the pain is being felt. down by 24%. let us talk about the names that have -- that we have been watching and there have been interesting notes as well. kbw out on paragon -- on paragon and let us talk about what is happening. paragon bank is a big but to -- buy to let. the u.k. housing market under a lot of pressure and buy to let investors are the most exposed. they will suffer as rates move higher and that stock has been under pressure. they have a 540 target which is a sell rating. i want to show you what has been happening with kindred the bedding company down by 16.51 percent over two days and a big gap the first thing this morning. this is on the back of the fact that we had a world cup that meant that people were not bedding as much. i want to wrap up with things about what is happening at air france. a nice grade. ups -- ubs positive and that stock on the back of that up i over 16%. the closes coming up next and more details to follow. this is bloomberg. ♪ these days

so first, i have a novel that came out this last april called sort of the white ubisoft, me play in the assassin's creed sandbox. so i got to write assassin's creed novel, which was really fun. it is the only piece of published work i have that has no disabled characters in it, kind of because. my argument is everybody in the fourth century was probably disabled, but here we go. i just had a piece come out called lost from the found recollections of the last oracle of reveler in sunday morning transport, which is short story about a blind oracle who solves the mystery of where the other blind women have gone. and i think probably my favorite short fiction piece that i've had come out in the last couple of years is a piece called ocean's 11. we're not ocean's 11. it's ocean's nine. i want to say, regardless, my brain is toast today. it's a silky heist and you can find it in mermaids monthly. and i believe you've also written some tiny fiction under the marvel banner i have you want to about that. absolutely. so i wrote for realm media's jessica jones playing with fire in. that particular