that is later on in the show. >>> for now, let's turn to ubs.t has booked a smaller than expected net loss of $278 million in the fourth quarter. the swiss lender con fifirmed i outlook. take a look at the share prices performing above 25 francs. silvia is in zurich and pouring over the numbers. you spoke to the cfo a while ago, silvia. they resatutarted the share buybacks sooner. that is a good thing. on the flip side, it does appear as though there have been misses at individual division level with the investment business and gm business. both are lower he than what the market expected? >> reporter: that is right with the reaction in the markets. to give you a little more insight to what we are seeing so far this morning with shares down by 2% at this stage. investors are focused on the fact that the cost trends in the fourth quarter of 2023 were not as positive as what we had seen prior to the final quarter of 2023. there is also a feeling among market players that some of the tar getgets from ubs are too fa into the future for them to take c

back to ubs. group will resume share buybacks found to have as $1 billion back to shareholders as it moves beyond the integration of credit suisse. let's bring in our editor from bloomberg senior finance for a top take on these earnings. what is your assessment, 35 minutes, 45 minutes since the earnings dropped? >> we are just unpacking the numbers here. fourth quarter and loss was slightly higher than expected, but not too out of line. investors have been really looking out for this. they were start doing it -- they will start doing it in the second half up to $1 billion. this has been halted during the integration of credit suisse. ready to restart this plan. a couple of other interesting things, cost savings, which is another thing that investors look out for. they are now going to increase these cost savings to $13 billion. that's the plan up from $10 billion previously. it's quite an ambitious target. it will be interesting to see how they plan to do this. they are looking to add trillion dol

ubs upgrading the price target on u.p.s. moving to a buy and 175 a share. ubs expecting u.p.s.ement to deliver a strong cost reduction program to support expansion and attract earnings growth. shares of u.p.s. up 2.5%. and deutsche bank upgrading li auto to a buy. shares of li auto up over 8.5%. >>> time for the "global briefing." back to ubs as it was hit by the takeover by credit suisse. the bank will resume buybacks this year after the first phase of the integration. last year, ubs stated a buyback after the credit suisse deal. >>> bp earnings beat forecast thanks to strong gas trading. it is committed to returning $3.5 billion to shareholders in the first half of the year. >>> australian central bank keeping rates on hold as inflation in the country cools. the rba warns future rate hikes cannot be ruled out. weaker consumer spending hurt the economy. the hawkish tone boosting the aussie dollar. >>> coming up on "worldwide exchange," one word that every investor need to know and grading earnings season at the halfway point. how the concerns stack up. >>> during february, cnb

what are you looking out for with ubs earnings? >> ubs is an outlier.hey are looking at enormous acquisition with credit suisse. it is easy to forget this merger went through in 2023 which was the first time they were able to cut expenses. ubs will be busy on that front. last quarter, they showed us they were serious of taking that to heart with the idea of cutting expenses and the credit suisse expenses. they are serious about achieving that. i expect to see bad results because the pressure these restructuring puts on the pal sheets. the market will look at that favorably. they seem to be serious about cutting costs. >> it certainly appears to be the case. we will watch for comments tomorrow. silvia will be in zurich. thank you for joining me today on the show. wonderful to chat with you. the ceop of opimas. >>> let's look at the stocks. vodafone is down 8% in trading after the third quarter revenue dipped 3% on the year. the telco has seen a slowdown in germany. the group said it is in talks over potential deal in italy after rejecting a merger bid fr

swiss banking giant ubs lost over a quarter of a billion dollars in the last three months of 2023. — as ubs is facing the costs of absorbing its swiss rival credit suisse — which was forced into a merger last year after it faced financial collapse. snapchat has become the latest techology company to announce job losses. snap will cut about 10% of its workforce — around 500 employees. the firm is due to announce its latest financial results on tuesday. it reported a loss of more than 300 million dollars in the previous quarter. mcdonald's has missed a key sales target because of tougher business conditions in the middle east, china and india. the fast food giant has been hit by weak consumer spending in china — and what it calls �*misinformation' about the mcdonald's brand over the israel—gaza war, leading to some boycotts in the middle east. much more and although stories for you and the bbc website. if you want to reach me, i am online. online i'm @benthompsontv isa is a true believer. no question for her, the climate emergency is real. much more drastic action is needed. but she

ubs and credit suisse will merge in the first half of the year.is the prerequisite to be able to realize our synergies. we already achieved 4 billion of cost savings. we plan to have other growth savings of nine units between 2024 and 2026. partially this will be reinvested in the business to make our platform more resilient , and come to speed with the requirements, but also to invest in our future. >> how important was this investment update? just give a blueprint of the kind of growth you want to achieve and how. >> i think it is very important for investors to understand how we are connecting the dots between what we see in the summer and last year and in respect of our long-term plans and 2026 plans and going beyond that. today, we are providing few doubts how we achieve cost savings, how we manage our balance sheet, how we want to manage growth. we give also some indications about what to look forward after the completion of the restructuring, which is then going to enable us to harvest the work with quite attractive returns. haidi: ubs' ceo

what can we expect from tuesday's report with ubs?it is overshadowed by the three year strategic plan. the focus will be on restructuring plans and capital plans. they need to show they are on track or improving profitability. there has also been and will continue to be the issue of retaining top talent with the integration with credit suisse. tom: when it comes to other lenders and the european space including socgen and credit agricole? >> u.s. peers reported earlier than european banks and we could see lower fixed income trading revenue but also slightly better than expected equities trading. we will have to see if that is replicated in the european space. four french lenders -- bnp paribas reported last week and had a 50% net income slump. and unicredit did well so we have had a mixed bag. tom: a mixed bag on banks and the implications from that. when it comes to the oil sector, geopolitics is central. where will your focus be when it comes to oil next? >> oil earnings is focused on buybacks. they -- there are still resilient buyb

haidi: ubs ceo sergio ermotti there speaking to bloomberg's francine lacqua. up next, we will be talking about bond investments, where we are in terms of expectations this year. alliance bursting is with us, brad gibson,, with us to talk about these opportunities as traders gear up for a record $42 billion deal of 10 year treasuries. this is bloomberg. ♪ >> the last six and have been surprisingly good news. i don't want to say necessarily it's a glide path all the way to 2% but it's positive. >> neel kashkari on how the fed is not reached its inflation goal. our next guest things 2024 would be more about how far and how fast it can ball. brad gibson joins us now. an interesting chart to the year if you've been watching global bonds. if you take a look at this chart, it surprised me to see that despite the moves we've seen in recent trading sessions, volatility is actually pretty close to multiyear low and the move is not too far off its multiyear either. how are you structuring the narrative for treasuries and bond markets going into this year? brad: what's in

i guess ubs is doing the best they cannot this point.re's a lot of moving parts but to me very important that was actually the failure, ubs is very good at this point in what is said connecting the dots. they are giving us the dots telling us the story how we want to achieve what they're putting out his targets. that's more important to investors out there at least long-term investors because they want to understand how management thinks, what is at the core and what is not. i think they are doing a good job at this. lisa: zooming out there is the question whether ubs is the model for what's to come for major european banks or is it just benefiting from the boom we are seeing with others that are actually delivering results impressing some investors. jonathan: gaetz -- jp: it's hard to use that as a blueprint. they've been very similar in terms of the business and focus with the wealth management at the core so that makes stuff easier. they don't have a big impact to cross-border merger. that makes it very hard to say this is going to wo

xi qiao, financial advisor and binging director at ubs. nicu so much for joining us.ou can get a roundup of the stories you need to get to know in today's edition of daybreak. subscribers go to dayb . it is also available on the bloomberg anywhere app. you can customize your settings so you only get the news that you care about. this is bloomberg. ♪ thanks to avalara, we can calculate 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 paul: all right. let's take a look at some movers in australia. lengthy of them. let's start with treasury. wind reporting first-half earnings. the stock higher by 1.7%. first-half net income was a miss. u.s. business is not doing too well. the dividend was also something of a miss. i beg your pardon, that was in line with expectations. treasury signaling it is hoping to get a development on the china front. some news on china wine

this really creates a dilemma for ubs, currently the owner of that unit. regulators are preferring a foreign buyer of that unit when that license was created for credit suisse it was intended to attract more global players. yet right now citadel securities is the only global player that has actually submitted a bid and it is in the lower range of 1.5 to 2 billion yuan, way lower than the valuation credit suisse previously put on the unit. so it is possible that their local partner, founder securities, might reject the offer, further delaying the process. haidi: ant has obviously had a really difficult few years with authorities. the penalty has been imposed but is there a sense that authorities may not be so favorable in terms of giving it approval for ant? lulu: for ant, the approval might be challenging because you leaders do favor a foreign buyer. their own regulatory crackdown has been wrapped up. the regulators slapped a fine on the company in july last year and then the company right now is working towards reorganizing their business structure and al

she's had a big job at ubs.banking over the years, and she's been ubs chief sustainability officer and executive sponsor of ubs lgbt and ally network . so there we and ally network. so there we are, coutts bank clearly have learned up solutely nothing . and learned up solutely nothing. and as far as i'm concerned, whilst i was angry about what was said in that subject access request, it was the consequent attempts just to try and brush the whole thing over with with a so—called inquiry that never, ever asked the right questions . was the the right questions. was the cover up? in my view , in my cover up? in my view, in my case, was far worse than the crime and it hasn't gone away. please believe me now it's six nafions please believe me now it's six nations rugby time , huge nations rugby time, huge audiences watching rugby at the weekends, lots of speculation about which teams are going to win england just squeaking past italy last week. also talk that rugby should be banned for under 18. i'm going to be joined

some hard decisions for ubs to make their. >> outbid and citadel for that business.hether or not regulators give it the green light is a key question going forward. thank you. other stories making the news. disney is sounding a binding pact with his company to combine their companies in india. they are looking for more private credit deals in asia. a particular focus on india. the $1.7 trillion private credit market has doubled in size. it could be forced to cut back is summer schedule because of delivery delays from boeing. the airline may receive fewer than 40 before the end of june. jim bakker said he is not planning to spend millions on a short-term fix for the football club. >> manchester united is one of the biggest clubs in the world. manchester united in terms of its brand is the biggest in the world. they have a favor this history and if we can't get it back to where it should be which i think we will, it will be a very big enterprise. all i am focused on is improving performance on the field. >> do you have confidence in the manager? >> if you look at manch

haidi: yifan hu, regional cio at ubs global wealth management. still ahead, marriott sees great strength and its business in china and across asia. our exclusive conversation with the ceo is next. this is bloomberg. ♪ wealth-changing question -- are you keeping as much of your investment gains as possible? high taxes can erode returns quickly, so you need a tax-optimized portfolio. at creative planning, our money managers and specialists work together to make sure your portfolio and wealth are managed in a tax-efficient manner. it's what you keep that really matters. why not give your wealth a second look? book your free meeting today at creativeplanning.com. creative planning -- a richer way to wealth. you don't have to worry about things like changing tax rates or filing returns. avalarahhh ahhh paul: let's take a look at how chip stocks are doing in the early going here in the asia-pacific. no surprises. we are seeing a lot of green following very strong numbers. nvidia pritikin even better numbers for the current quarter. we have all these st

katie: that was the ubs ceo and francine lacqua operated coming up -- francine lacqua.ing the former comptroller of the currency discussing changes to the banking system. this is bloomberg. ♪ katie: it is time for our daily wall street week segment. new bank regulations are set to be offering protections during downturns. joining us is the former comptroller of the currency and currently managing partner as well as wall street week host david westin. those proposed new requirements the subject of some heated debates. david: for the banking industry they are not too happy necessarily. first principles on these proposed capital requirements what is the problem that's being addressed or is it a matter of complying with commitments? >> thank you very much for allowing me to join you this morning. as katie said this is a very topical item today. both regulators and the banking industry and it's an attempt to bring deposit to the endgame is what you've heard the regulators .2 and in july they put out a rule that removes a lot of the balances to risk rated assets. and the impa

ubs is showing upside potential.e off .50%. >>> benchmark initiates shares which have rallied in recent months and believes momentum is likely to continue with the management's focus on profitability. shares are up .75%. >>> citi upgrading gsk to buy. citi cites under appreciated revenue potential from the multiple drugs. gsk is up 1.36%. >>> time for the global briefing. nikkei ending the session higher after surpassing 38,000 for the first time since 1990. it is up 3%. tokyo electric and softbank leading the gains. the weaker yen is pushing sentiment to highs. >>> michelin is posting flat profits and sales. the french tiremaker says the mix and prices offset market conditions with non-tire sales growing 10%. shares up 8%. >>> bloomberg reports openai ceo sam altman says the uae could be the regulatory sand box to drive global rules. this as two key lawmakers approve a landmark a.i. agreement this morning and setting guardrails for the technology. >>> ahead, one word every investor needs to know today and the fact o

. >> the target to 850 at ubs. and, by the way, folks, it's not just -- we mentioned arm, up 30% seemingly every day on a tiny float. and maybe some other things going on there, too, but the stock has been ridiculous of late. it's not just those. amd, which josh sold recently, up 74% since november 1. i could go down the list of other names in the headlights, the spotlights, we bring up. broadcom is up near 50. taiwan semi up near 50. marvell, kla, up 38, 37, 35% which brings me to stephanie link. you trimmed lam research and broadcom, two stocks i know you love and you've been making the case for months. why trim today? >> and i do like them very much. but because of what you said with lam up 52% from its october low and broadcom up 51% from its october low, the sizes in my portfolio got to 5%, 6%. and that's a big weighting for companies with this much beta. love the stories, still think that wafer fab equipment is bottoming and we'll see a recovery and you need six times the memory for generative ai. you could t

annabelle: that was hartmut issel head of aipac equities and credit at ubs world management.we are 10 minutes into the trading session for japan and korea. big movers. nomura really standing out. we had its earnings out after the bell yesterday. the key takeaway was for investors announcing this $100 billion -- ¥100 billion share buybacks, 677 million u.s. dollars. investors are really liking that one. they also had a strong showing in fixed income trading that help lift revenue in global -- help lift revenue in global markets with an uptick in dealmaking and mainstay retail business. all these factors help to boost earnings. this is japan's biggest brokerage. also tracking for earnings, sumitomo mitsui just a little weaker this morning. this is the first of japan's megabanks due to start reporting. it is up on thursday. we are expecting a decline in profits in the latest quarter. still, results showed to show solid progress to reward a record annual net income. like you to be hurt by losses stemming from the sale of its u.s. freight car leasing business. that is the state of

spring in the precious metals strategist at ubs.t to focus on gold because we talked about how a march cut has been priced out, less optimism over how aggressive the cycle will be. i look at gold prices around 2000 since december. why is it keeping gold prices so elevated? >> the overall overall theme for this year are positive for gold. regardless of when we expect the fed to cut or how much, the expectation is policy will ease and that is bullish for gold. rates will go lower, the overall macro backdrop where there is uncertainty also justifies having an allocation to gold as a diversifier. that has been holding up prices. it's important to make a distinction between the bullish view on gold versus headwinds and seasonality. we expect softness following the lunar new year. yvonne: you mentioned stalling out in terms of momentum. can we stay at 2000? where do you see prices going in the next 12 months? >> we have a target of 2200 and that hasn't changed. they macro themes support gold prices higher, but that is not a straight line.

ubs cutting its price target to $8 ubs saying rivian's current profitability strategy is now quite oneroushares to underweight saying the guidance means no growth this year for the ev maker.quite onerous. jp morgan also -- to saying the disappointing guidance essentially means no growth this year for the -- maker. and coming up, a.i. stocks fueling -- the but our trade souring on the name, despite in your 25% rise in the past month. we are going to reveal it, next. ! one for you, one for you. oh, you're a messy one. cool, right? so cool. anyone can become an agent of innovation with invesco qqq, a fund that gives you access to nasdaq-100 innovations. hot dogs! fresh, warm hot dogs! before investing carefully read and consider fund investment objectives, risks, charges, expenses and more in prospectus at invesco.com. personalized financial advice from ameriprise can do more than help you reach your goals. i can make this work. it can help you reach them with confidence. no wonder more than 9 out of 10 of our clients are likely to recommend us. ameriprise financial. advice worth talking abou

we at ubs are at 75.d very resolute and very constant in their direction and what they're looking for and the market, as tends to happen, has gotten like preemptively and overanxious. charles: right. >> in terms of what they have put into the numbers. charles: this is one of the reasons why you have been saying, bonds should remain the key, the key position in one's portfolios right now? >> exactly. so last week was a great example of why you want to own bonds. we had the negative cpi following the negative ppi and we had some sour retail sales and the bond market did just what you expect it to do, it reassessed, is it the fed or is it us? this that the bond market managed to you know, eke out some capital appreciation with slightly lower yields but still because there is so much cash in the market after you know years and years of ubiquitous and free money it still managed to eat up all the issuance. so this is exactly the reason that we see, we suggest people remain diversified like we were last year, t

that said, ubs will have a lot to consider.ether founder securities would be happy with what citadel securities is offering. they need to see whether more players can come in or if there is another dynamic that can push between these bidders. >> might there be other bidders? if so, who might they be? >> it is a very challenging thing in china. investors are staying on the sidelines, looking at china's economy and also the current concerns of the regulatory crackdowns on the stock market route and then even more heavy-handed measures deterring more foreign investors from putting more resources into the market. that is why citadel securities is currently the only bidder for the u.n.. >> back in the headlines, -- plenty more. keep it here with us. this is bloomberg. ♪ the first time you connected your godaddy website and your store was also the first time you realized... well, we can do anything. cheesecake cookies? the chookie! manage all your sales from one place with a partner that always puts you first. (we did it) start today

energy forms or support the chest, which is tools that are shown something that i'm going to trust from ubs is free and off the response. here was a soldier to this vehicle. as you're familiar with the suggestion, we're pushing with a lot of doubling to or what the, the virginia beautiful photos mod. george scale was september and she has some boost outdoors. let's just hear what though some wish wish was there any kind of hit the ocean, which is unfortunate assertion that as to what the summer fairly significant down the probably a little more just because there's down with that the. so i'm going to show me a little more to little grab this, which i'm gonna give the present to the man to endorse that this little. the much sauce mental forcing me to sort of move on to still a good. i'm just going to with the words, web district, wonderful shift in the okay. and um, i mean, if you said the almost of all as much as the bed name because sometimes they have a level of trust because player suspicion is lift cuz to succeed. so that's the thing you see me, the groom, the style a to play. where is

it's from ubs. uws -- ubs says they're only worth $8 a share, they had been worth $24.s, the problem is the market has turned and there is just not much demand for evs right now. they're also burning through cash. so, you know, when you come out with a forecast, we heard from rivian yesterday they're going to sell -- or i should say make just 57,000 vehicles this year, where's the growth? stuart: it's a shakeout in the ev market. now warner brothers discovery reported by the -- before the bell. they're not doing well. lauer. lauren: and this is the studio behind barbie although barbie was released not in this quarter. they had a wider loss looking at the bottom line, and their studio revenue fell 17% because of the hollywood strikes. there is some good news. their streaming service, max, is profitable. it reached profitability before disney +, for instance, and the other legacy players. but nonetheless, you know, they're spending less on content and not make as much money. stuart: when that moon lander landed on the moon, the equipment was made by intuitive ma a keens.

ubs says apple ditched its plan for an electric car to focus big on a.i. bets.worldwide developers' conference which may include a new a.i. processer in the iphone 16. bank of america coming out and saying that the apple likely see a, quote, strong refresh cycle for the if iphone over the next few years due to generative a.i.. and morgan stanley saying apple abandoning the ev race could improve its operating margins. although shares still down about 1%, it's within a rough couple of -- been a rough couple of days for apple as well. no love for dating app bumble which is hitting a record low, down 14% today. the company's forecast for first quarter revenue falling short of estimates. bumble is also slashing about 350 jobs as a it deals with a slowdown in user spend. wall street analysts breaking up with their price targets. amongst those flashing, wells fargo cutting it down to $15 from 19. and jpmorgan cutting to $17 from 20. they're both too high at the moment, bumble is at $11.33. unitedhealth group at the very bottom of the dow and third to last on the s&p 50

bring in ubs senior equity strategist, nadia lavelle. i've been a fan a long time. thank you.come to the show. >> thank you for having me. >> great to have you. i'm somewhat of a contrarian. i think the street is maybe getting a little bit too sanguine with respect to a soft landing. i have want to share with the audience. this is folks at bloomberg terminals are looking up soft landing. there is crazy. i'm looking at this spike. i have never seen anything like it before. i think you're in the soft landing camp. in your mind what could derail the current outlook? >> i think it could derail it if consumer spend slows down. that is what is driving this economy. we saw increase in con chum and also a fad. there are expectations fed cuts this year. if the fed does not cut this year, rates remain higher for longer, that could have implications, put some pressures on some areas of the market, even further slow consumer spending. those are things we're watching but not in the cards. we're squarely in the soft landing camp. we think this economy will actually grow above trend this yea

abu ubed reiterated that operation ala flood will mark the end of the oldest occupation in contemporary era and will be the turning point in the history of the palestinian nation. meanwile palestinian resistance movements are continuing to. pushback against israeli forces in gaza as fighting on the ground continues. the military wing of islamic jihad resistance movement says it has launch rockets towards ashkanlan and settlements surrounding the gaza strip. there is no immediate report of damage or casualties. earlier, israel media said an israely soldier was killed during the latest ground battles with palestinian resistance fighters in gaza. also, three others were seriously injured. the israely media say total of 233 soldiers. have been killed since the ground fighting began in gaza in late october. palestinian resistance groups however say the actual number is much higher. they say israel is hiding the real number of casualties as it already faces public anger of the handling of the gaza war. 1500 is the number of political prisoners who are still languishing in the prisons of the a

we've got ubs down about 5.5%.rt its plan buyback this year. it will start up after the merger with credit suisse is completed, that could be in the second quarter of this year, with the goal to surpass pre-takeover levels by 2026. and palantir having a rip-roaring session after reporting its first profitable year amid strong demand for its a.i. data offering. the data and analytics company that counts it's government, israel and ukraine as a very big customer, forecasting full-year profits above analyst expectations. the company is also projecting commercial revenue growth of 40% for 2024 compared to 36% this past year. so keep in mind that this had been a very much government-centric type of company, and now they're expanding to helping hospitals and with businesses -- and businesses organize their data in order to bring down costs and make more money. jeffreys raising its rating on palantir from underperform to a hold, highing its price target from $13 to 22. it's already at $21.62 at the moment, and this gain h

. >> some ub oh r and lyft drivers decided not to pick up rides today, many still were. we talked to an eber driver who says he supports the strike but needs to make money so he is working today. >> i need to pay my bills. i need to work right now. >> over all it would have little impact. foster-cook just arrived from las vegas. >> i was concerned. luckily it looks like it will be okay. >> reporter: she only had to wait a couple minutes to get a ride. other passengers told us they had no problem getting an app based ride. >> we are in san francisco. we had no problem getting an uber. it was nine minutes, they are saying uber is taking a bigger cut out of fares. uber said these types of events have rarely had any impact on trip prices and driver availability. earnings remain strong and drivers in the u.s. last quarter were making about $33 perutilized hour. >> they say we get paid $33, no we don't, it is $20 before taxes. it is exploitation. >> food delivery drivers for grub hub and door dash were expected to join in the strike today. we steeked with several including rin

in europe, ubs was able to draw in high demand for a sale of a t1 notes.y pulled in nearly 12 billion of orders. the offering came shortly after the bank outlined a plan to raise as much as $2 billion of this type of debt this year. in the u.s., investment grade over $41 billion sold. those sales blow away estimates for as much as $30 billion. big names from citi group, cigna, to morgan stanley. borrowers taking advantage of funding costs. wynn resorts and amer sports driving the sales volume. from wells fargo talks about why banks are a big issuance. >> what you saw in january was a lot of bank supply. they are rushing into the market at a time when spreads are trading at cyclical tights. taking adventure of these strong dynamics and frontload some of your issuance plans for 2020 four. especially considering the catalysts with volatility over the horizon of this year. you also want an environment -- remember where we were in october last year, yields were 100 basis points higher than they are now. even our with funding plans and getting in before they cha

jonathan and patrick over at ubs. here's the quote from them. the market sold off on more cpi reports last week, our work indicates these demand driven readings are constructed for future returns so pushing down rate cut calls and the reasons for that is it good or bad. it's about hotter inflation reads. >> basically saying is the demand side of the story and the fact people keep on buying which placed what goldman sachs was saying as well. this is going to be in earnings driven rally. on the heels of strength that allows the fed to keep rates where they are. it is notable that palfrey lifted the forecast on january 16. the original call was on december 11. this is moving so quickly. jonathan: they've done it twice a couple of days after goldman have done it twice. just ridiculous. lisa: moving faster than people can. >> it's fair to say that's what this is. equity futures right now negative by one quarter of 1%. here's your bloomberg brief with danny bloomberg -- with dani burger. dani: the u.s. plans to unveil sanctions. biden blames pruden fo

. >> let's talk more about the quarter with john hudluk at ubs. john, great to you have here. >> thank you, frank. >> before the report, you had a price target of 110 and the rating was a buy. you talk about the announcements for a second. cost cutting ahead of schedule. disney entering the "fortnite" world with epic games and taylor swift movie. did that change your rating or price target? >> it did change your price target from 120 to 110. we moved up the numbers. we were at 427 for earnings. we are in the 460 range. the story here is easy to see. the content is giving us more confidence it will grow. >> i want to get to the announcements for the investor battle and future for disney. s stock is up 6%. there was a revenue miss. if you look at the price increases, it led to the decline in subscriber count. should investors be concerned about it or give fuel to nelson peltz and the investor fight? >> this a massive company. a lot of information was released yesterday. i would say the subscriber decline was expected. the revenue miss you talked abo

certainly, maria we also have polls on "bidenomics" how foolish for very unpopular president has no person ubling in approval rating to slap name on economic policy call it "bidenomics" technique unpopular president put it on unpopular economic policy most messengers see excessive government spending energy dependency allowing tax the trump tax cut jobs act to expire all features that helped with deductions, exemptions, relief for comrrz employees, childcare tax credit the like see joe biden overlyfocused on things like climate change, electric vehicles. all nonsense, expenditures, that people can't even see, i think that macroeconomics continue to push that things are improving inflation is tame supply shocks down we moms and pops moms and dads breadwinners taxpayers bill payers aren't feel it if people aren't feeling it joe biden won't be rewarded because of it. look. i hear from business leaders all the time, europe domestically what do they ask what is going to happen second trump turn dereagan things can do by executive order to reverse economic policies of "bidenomics" of joe biden coul

they are ub going to continue i continue to stand with president trump american people having them thepeople choose their leaders. not a few leftists a few courts leaning left that want to do away with free choice of the people . maria: amazing to me that the democrats could actually create the narrative that making america great again is a bad word? i -- i mean just amazing to me. >> trying to doilt. maria: trying to do, president trump was right about the border was right about china right about the economy. the senate failed to pass that border bill yesterday, the senate is going to vote on a standalone spending bill provides money for ukraine, 60 billion for ukraine, 14 billion israel two billion red sea four billion taiwan nine billion o fer gaza no money no security changes at the border four republicans voted for better bill mitch mcconnell did not support it senator creates murphy said mcconnell wrote the bill your twhaik went down when the border bill failed. >> not border security deal if democrats wanted to address border security would look at president 94 actions first 100

ubs will have to choose between the higher local bid from aunt or the lowest citadel offer -- ant ortadel offer. following the inquiry from the u.s. sec, alibaba disclosed a wider web of chinese government states in its business units than previously shown. in the notice, the company said the disclosures were made in response to certain comments from the staff of the sec as an amendment to its earlier filing for july. the filings come as china's communist party says it will play a bigger role in steering the country's technology and science develop and. -- development . jeff bezos -- the start of company is raising $675 million in funding that carries a pre-money valuation at $2 billion. that is according to bloomberg's sources and that was reported by mark gurman. i've been digging into this companies interesting round. the numbers are big. what have you learned? >> this is an alternative to what optimists like elon musk are building. they are building humanoid robots, to address labor shortages but also to substitute for humans for more dangerous jobs. perhaps on production lines a

rally, the question now remains can the good times just keep rolling let's bring in mark haefele from ubs. >> good morning. great to be here. >> mark, you gave us the s&p price target you gave us a range of 5,200 to 5,500. what needs to change to get to the estimate of 5,500? >> that was before earnings came through. u.s. earnings came through a little bit stronger than we anticipated. that made us take up our base case this continued strength with the u.s. economy and the potential for what we're seeing on the a.i. side is also making us think about a goldilocks scenario coming through. i think there are a couple of things there global investors still remain under allocated to the united states globally, we have a tremendous amount of cash on the sidelines. we think inflation will fall and the fed and central banks will start to cut rates if those play out favorably, that takes us to the upside surprise and bull-case scenario. >> that is the goldilocks scenario that could get us to the 5,500 figure which is a double digit rise to the s&p this year. i want to ask what is your take on mega

ubs raising the target on the streaming giant to $685.sherman williams hitting a 52-week high after it was raised to a bite. that is good for about .8%. coming up, the getup ceo joins uber technology and ed ludlow. that does it for us. this is bloomberg. ♪ thanks to avalara, we can calculate 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 when i was your age, we never had anything like this. what? wifi?hhhhhh wifi that works all over the house, even the basement. the basement. so i can finally throw that party... and invite shannon barnes. dream do come true. xfinity gives you reliable wifi with wall-to-wall coverage on all your devices, even when everyone is online. maybe we'll even get married one day. i wonder what i will be doing? probably still living here with mom and dad. fast reliable speeds right where you need them. that's w

. >> the australian units of morgan stanley and ubs typically pay male staff over 40% more than womenscores how compensation discrimination is deeply entrenched in the finance industry despite years of diversity initiatives. amy, does this show that any progress has been made or simply that more efforts, more policy work needs to be done? >> it certainly does show that there is an enormous amount of work ahead to equalize pay in the insurance and finance sector, which ranks second to construction in terms of pay disparity. this is the first time countries have had their individual pay gaps made public by the workforce gender equality agency. the data released overnight. the gender pay gap when you look at the median salary of bonuses as well as a base salary, that is at 19%. if you look at the finance and insurance sector, the pay gap is 26.1%. nationally, it means that women are getting paid 18,000 dollars australian less than men each year. when i have spoken to the banks, and a lot of them have said they are making a lot of efforts in terms of getting women into more senior managem

we do have hellofresh hitting fresh lows after ubs cut the price target on the meal kit maker, the analystallenging market. coming up, a flawless holdings co-ceo joins "bloomberg technology" next. that does it for us. this is bloomberg. ♪ ucinating? what about zocdoc? so many options. yeah, and dr. xichun even takes your sketchy insurance. xi-chun, xi-chun, xi-chun! you've got more options than you know. book now. fresh, warm hot dogs! when i'm not selling hot dogs, i invest in a fund that advances innovations like robotics. fresh, warm hot dogs, straight out of my torso! one for you, one for you. oh, you're a messy one. cool, right? so cool. anyone can become an agent of innovation with invesco qqq, a fund that gives you access to nasdaq-100 innovations. hot dogs! fresh, warm hot dogs! before investing carefully read and consider fund investment objectives, risks, charges, expenses and more in prospectus at invesco.com. >> from the heart of where innovation, money and power collide in silicon valley and beyond, this is bloomberg technology with caroline hyde and ed ludlow. ♪ caroline: on

we did get separate ubs estimates showing us 57 billion u.s. dollars were plowed into onshore market since the start of the year. also blocking the trend is the hang seng tech lifted by the electric vehicle makers in the country after leah and showed its able to withstand a price for and the intense competition in the world's largest auto market. that stock rallying 20 plus percent bringing along the likes of it. let's take a look of the cross asset picture in japan after the core gauge of inflation in the country came at a harder than the 1.9% that was expected, supporting the case for a boj exit for negative interest rate policy. the nikkei raising earlier gains. the yield on the policy sensitive to year hitting the highest since 2011, slightly firmer on the yen above 150 on the greenback. tom: avril hong, thank you. let's get more analysis on the japan story. that inflation print coming in hotter than expected. topping the estimates, supporting the case for the boj to move towards ending its ultra easy monetary policy. let's bring in bloombe

lauren: is what -- ubs lifted the price target to 685. they see sustainable growth with upside to the average revenue. stuart: netflix has done well recently. viking therapeutics straight up. lauren: should be 60%. show me the stock. they have a weight loss drug, 71%, experiment or trial, big success, they want a slice of this $100 billion obesity treatment market. eli lilly owns a piece of that, though stocks are conveniently down today. stuart: 74%. where was i? thank you. here's what's coming up for you. the united nations watchdog says iran has drastically reduced its stockpile of near weapons grade uranium. question, why is iran doing this? morgan ortagus deals with that. israel says the fighting during the month of ramadan if hamas agrees to release more israeli hostages. trey yingst has the details from tel aviv. after last month's massive solar flare added a 25th hour to the day, businesses are wondering "what should we do with it?" i'm thinking company wide power nap. [ employees snoring ] anything can change the world of work. f

we have a lot on the table ubs, they're sticking with march. goldman doubled down on march. they moved to may. bofa, deutsche, citi, jpmorgan now to your new move you bought a disasterous stock yesterday, new york community bank why did you buy this >> i don't know. >> i'm not calling the bottom of the stock. it's a trade we're not getting -- i'm not getting married. we're hooking up, okay if you know anything about the business, you know the bible you never, ever invest in a company based on long island you can assume it's an outright scam or people who have no idea what they're doing, ineptitude >> your home, for those who don't know -- >> you definitely can't say that long island-based company, the biggest red flag, besides meeting somebody -- all right. put that aside because it's a trade. this is what i would say, i listened to the call i don't know any more than anyone else does it sounds like they did the signature deal they got in way over their head. they bit off more than they could chew they did flag star and got involved with two acquisitions they're not mentally

crowdstrike, price raised at ubs. joe?stock fell to 273 on the wake of palo alto's earnings report. a sharp snap back, in the case of palo alto as well. i'm more confident that crowdstrike will be able to absorb a lot of the demand concerns that palo alto reiterated. i don't see that same story unfolding next week. >> do you want to talk about apollo upgraded to overweight? >> target 122. >> this has been in the strategy the better part of the year. we've enjoyed a strong performance. this is driven by the investor desire to be in private credit, in alternative investments, and apollo is leading in all those efforts. >> bernstein has a note today wondering whether online travel agencies are approaching a, quote, speedbump. booking holdings target is raised to $3,636. kari, you own that. >> that's a strange call. they don't love the space but raise the target. we like the stock. it's been a very strong stock this year. they reported on the market, took an opportunity to sell some shares. we think there's a strong tail wind

if you strip out the concerns about ubs or the downside that came from that stock yesterday.tse 100 futures pointing to gains of 1/10 of 1%. s&p futures are currently flat. nasdaq futures also in flat territory. fed officials reinforcing this view that cuts are going to come through later than these markets had expected. we know that traders have been fading out expectations of a cut in march. let's have a look cross asset as we think about how this commentary has played into the treasury market. u.s. 10 year, not a lot of movement. 4.09 on the benchmark 10 year. euro-dollar at 107. strength coming through for the single currency. the yen interesting given what we are seeing and hearing from pimco. they are convinced that by march, the boj will move out of its ultra list apology and then they think they see hikes coming through from the bank of japan through this year as a result of higher wages and higher pressures on inflation. that debate remains open but that's the view coming through from pimco. brent at $78 per barrel. because to watch the geopolitics as blinken continu

ubs, new 52-week high today. snipe, you own the stock. >> to me, they're the clear winner in the space. 29 million new subs in 2023. the big focus for me is over sub growth. all the metrics are working. >> talking about streaming, i should let everybody know cnbc.com alex sherman within the last hour breaking a story warner bros. discovery halted merger talks with paramount global. we'll keep our eyes on that as you take a look at both of those stocks. paramount is losing a little bit on those reports, again, by our own alex sherman, cnbc.com. can you go there and read his full recap of that. lilly. price target to 850 from 680. i don't think i need to tell you why there's so much optimism around this stock. it is getting expensive, no? >> it is. one of our next moves is probably to trim the name. we've owned it for a long time. i think you still, like we said, have to respect the momentum in the market as the most powerful factor. these revenues are growing at 600% year on year for these drugs. 30% of total reve

it was enough to garner price target hikes from ubs and needham, but the stock is down today after full-yeardance came in a little light. let's talk about that with the ceo of upwork. hayden, thanks for joining us. what is the state of the freelance/gig economy that you power so well? how is it doing? >> thanks, brian. you know, we're seeing a lot of strength in the business right now. we had an awesome quarter in q4, had over a billion dollars in spend from clients. we had a 14% year over year growth. what's really excited is the durable profitable growth in this business, as we saw a record in the quarter. and definitely the outlook for this year for expansion as well as growth in the business. so there's a lot of demand in all categories we serve, which is over 125 categories. for businesses small and large. in q4, we saw more than 31,000 customers from companies like instacart, checkout.com and others coming into the product. there's a lot of demand for companies looking for an efficient, agile way of tapping into this economy. >> i've looked at your platform for other reasons, website b

this month at least five brokerages have increased their price target, ubs at 850.ad of nvidia reporting earnings next week, on the 321st. how much higher -- 21st. how much higher can this thing go? >> i think it can go a lot higher. you know, if they continue to hit their numbers, there's a lot of upside here. they seem to be the ones who are getting the most bang for the buck on the a.i. move, so i think when they announce, people are trying to position now. so if it sells -- if they miss, obviously, the stock's going to sell off, but i think nvidia has room to run here. stuart: lawyer lauren they're it's up 230 percent in the past year. stuart: kroger. lauren: they're pushing for the ftc to approve their merger with albertson's. they say they will lower prices and -- stuart: they will lower prices? lauren: yeah. well, that's one of the concerns from the regulators, that if you have more consolidation, the big, bad supermarkets are going to keep gouging you. so kroger or's is coming out and saying we're not going to do that. in fact, we're going to use our merger

ubs says 5400. how do you see it as i enter what i think is a critical, critical week? >> because earnings are going higher. 80% of the companies in the s&p 500 have beaten expectations. the growth rate is 7%. the beginning of this year people were thinking at best 2, 3, 4% and the guidance has been interesting, too, implying double digit growth for the full year in earnings. scott, you've heard me say this a million times, but stocks follow profits on the way up and on the way down, and they're going on the way up. and why is that? because the economy is stronger than expected. real consumption is running 2.3%. wage growth is running at about 4%. manufacturing, we talk about the renaissance happening in manufacturing and public and private construction spend. i think all of that is good. i do think that revision should be going higher for the overall market and target prices should be going higher as well. >> okay. all sounds great. joe, the elephant in the room happens tomorrow after the bell. nvidia reports. does everything come down to what this company reports at t

we're going to have it at ubs. not next year.ations face-off, sweden, finland, canada and the u.s., as we ramp up going back to the olympics and bringing back world cups. but the following year, as a sendoff to the olympics in '26, we're gonna host the all-star game at ubs, home of the islanders on long island. magnificent new arena, so it should be a lot of fun. >> we look forward to seeing you there. there is no curse. you heard it from commissioner bettman himself. thank you for being here. congratulations on a great weekend of hockey. >> you can catch more nhl action this afternoon. the toronto maple leaf takes on the st. louis blues at 1 p.m. eastern. then the detroit red wings versus the seattle kracken at 3:30 p.m. eastern on espn. coming up, the good housekeeping fitness awards. top choices for workout gear. fi. the top choices for work at year. use of tiktok, we're able to show people from all over the world where their food and fiber come from. cody: we have dorper sheep and we have beef cattle for the sole purpose of g