we spoke to him a lot at ubs.he swiss establishment and the hierarchy of swiss banking said this is complex. we need sergio back. that is what happened. the acquisition was completed on the 12th of june in 2023. credit suisse shares closed at 0.81 swiss francs on the final day of trading. let's revisit the key stakeholders and what they had to say when the rescue deal was announced. >> translator: the latest developments that emanatesed from the banks in the u.s. hit us in the unfavorable moment. we were able to overcome the deep market an uncertainty, but not the second time. the escalation made it clear the last few days that credit suisse cannot exist in the current form. we are happy to bring a solution for financial markets and switzerland. >> it is intended the combined investment banking business will be 25% of the group's wages and assets. ubs with credit suisse puts us in a unique position to integrate efficiently and fesf effectively. >> i have to state that clearly this is not a bailout. this is a comme

let's flip to ubs.he market cap, on this year since the deal, market cap crossing 100 billion. as they joined morgan stanley. that story will be getting coverage throughout the day. plenty more coming up including interviews with the eu economy commissioner and ceo of honeywell. of next is markets today. this is bloomberg. ♪ when i was your age, we never had anything like this. what? wifi? 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 wall-to-wall wifi on the xfinity 10g network. anna: this is bloomberg markets today. the castrated less than an hour away, here's what you need to know. z/yen weekends despite the boj hiking in

ubs says it made less money than it first thought on the acquisition of credit suisse with the lenderarning it might not realize all of the gains it expected the swiss banking giant said the ceo is aiming at extending the spot at the top. silvia, this is a positive reaction to a lot of down beat news from ubs. >> it seems investors are focused on the key question with ubs which is the pace of integration of credit suisse they he areare looking to complh plan by 2026 now, with those updated numbers in mind, i want to dry aw your attention of the shareholder letter to set the record straight they are saying the collapse of credit suisse was not due to a lack of capital. they said both banks were under the same supervisory rules and all of the other regulations however, they were able to rescue credit suisse this is also in the context of what is likely to happen in switzerland. we have regulators and lawmakers looking at whether to step up regulation in the banking system as well. at this occasion, we are hearing ubs essentially setting the record straight saying this was an isolated ca

the chief japan economist at ubs securities japan. just recently changed your call as soon a couple days ago. the wages number that came out, was it the headline reading that justified it or was it what you sell for the smaller firms? >> i was surprised not only the headline but the small firms with the firm's less than 300 people. there wage growth over the so-called -- is 3%. 3% which growth is a great number for the boj because it is 2% cpr and 1% real wages. it is a green light for the boj to go ahead. given haidi: they are going to go ahead, it is the focus on the key rate. the mechanism for how that is calculated, you are also expecting changes to that? what is it currently at how is it likely to change and what is the significance if any? >> to answer your latter question, there will be no significant change. if you look at the rate in a market rate so gaining of the rate is less than 10 basis points. even though the headline number of the policy rate will go from minus zero point one to between zero and 0.1, it is not a 20 bas

better to speak to then the chief economist ubs.l ask you the question as to which central-bank decision is most important for you this week? >> it is the fed. i think what they say matters. the market has so to pricing a lot to pricing a little and where the fed goes everywhere else goes. there is safety in the herd. our assumption is we think that will stick with three cuts may be because the forecast will not revise. where the dot plot goes the rate forecast goes. at this stage of the data is still all over the map for the u.s. that it is unclear what the staff is briefing them. it is a bullish story where everything is fine or a bearish story where you now have a triggering and 42 states and leading employment category starting to roll over? so it is unclear where the mindset is at the center of the committee. tom: is this a new normal for us post-pandemic, the data is a less clear? is there a period and time where we get to relative around data? >> for a couple of years i think seasonal factors distorted everything. or three ye

ub credit is in more favorable terms with a payment processor.hey reached in 2021 with sia, which was absorbed. plenty more coming up, stay with us. this is bloomberg. ♪ ♪ >> i advise everyone to not see china as a threat. >> in the last number of years we have brought medicines to china. innovation is boomed and given many opportunities for us and companies to partner. >> we are i think coming out of a valley since the san francisco meeting between biden and xi. we have confirmed we are going to start talking, commercial, cultural, military, very important. we have not seen those dialogues running, but i'm optimistic. tom: bloomberg best speaking to stephen engle in china on the economy, doing business. you would not notice but data has started to improve. industrial profits picking up in china, up 10% earlier this morning, building on the upside of profitability. base effects are flat when you cast your eyes back at euro year but it suggests there is stabilization for the economy. deflation remains a challenge but on some levels things are stab

karen is the analyst at ubs. we will talk about other things. where do we start?et's start with nvidia. fascinating move. people are skeptical about the no nose-bleeding heights. there are two schools. one is it is great and recharge and reinvigorate the tech story. others are saying this is a new era where the magnificent seven, which is seeing challenges left, right and center, and perhaps leadership will wane somewhere. there are other schools of thought. give us your views on what i thought was a very interesting move on friday. >> certainly. we are seeing a huge amount of activity of selling and buying and nvidia was the huge story at the moment. the question for private investors is how much exposure do i need? on the one hand, you have to have some exposure to the magnificent seven stocks with the u.s. large caps. these are the key drivers of portfolio growth. a.i. is the growth story of the decade in the next few years. you need to have some exposure. on the other hand, because they rallied so hard, concentration is an issue. one thing we're talking about

ubs saying it is difficult to see a near-term catalyst that will improve ev sentiment.down nearly 35% this year. are you surprised by this sliding tesla action? >> no -- well you if we're being honest, i mean, i'm wrong all the time, but this one, we've done a decent job. this is -- it's a margin story. two or three quarters ago, they told us that, you know what, that's it that's trough margins. the market got excited. the stock rallied. turns out, that's not the case. and as they get closer to legacy automaker margins, the more the stock gets sold off. and i still think $153 or so is a level where you want to re-engage. you're not pressing shorts here, you are looking for an opportunity to own it. >> i agree. it's a tough short at this point. the sentiment is so bad, and i think the street analysts are kind of catching up to where the deliveries of this quarter are, and they're going to extrapolate out for the balance of the year. this looks like this is the first year they could go negative as far as delivery growth, and that to me changes the dynamic of the story, es

earmarks, how much time do members need to do due diligence on a bill like that when we're up against -- ub is over here and in return for a ctain numbe o amendments, we can finish it quicker hopefully than putting us in a position of siding on the government effects some of the ukraine money or that approach? >> what i have said would be running out of time. best way te help they need is for the house to pass the senate bill. the problem with changing it, as you all know it can take three days due to the simplest thing e. we do not have the time. i am continuing to advocate to on the floor and let people■ vote. [background noises] house democrats have elected colorado representative to be house assistant democratic leader. south carolina senator james clyburn who stepped down from the leadership position last month. representative wrote am deeply humbled to my colleagues to serving as assistant democratic i'm confident we will deliver real results for the american people people over politics. first elected in 2018 the front the first black member of congress and colorado's history served a

. >> let's bring in our next guest , kelvin tay is the regional cio at ubs global wealth management. the numbers later today could be something that underscores that the fed path toward cutting is still uncertain. kelvin: absolutely. if you look at the data coming out last weekend regarding the nonfarm payroll, the data seems to be mixed. unemployment, 3.9%. the jobs market still remains very robust generating more jobs than expected. if you look deeper into the details, some of the details are softer. wage growth at 0.1%. your december and january jobs creation numbers were revised downwards significantly. the pap is not smooth but we still think a june cut is in the books where the fed is concerned. >> on that point of the numbers coming in on the u.s. economy, we have had jamie dimon saying u.s. recession is not off the table. is that something you would agree or disagree with? kelvin: i think we think the chances of a u.s. recession this year are slim. given other aspects of the u.s. economy remained robust and resilient. look at the gdp growth in the first quarter of this year.

annabelle: that was hayden briscoe from ubs asset management. thank you for your time this morning. taking a look at the movers so far, 10 minutes into the session, looking at the tech stocks, the apple linked names in asia. given we are getting more update on apple's scaling down of the business initiative. we have it scrapping the ev or electric car and now we are hearing from sources it will be ending in-house efforts to make watch displays and cutting jobs here. but the project would have been pushed into homegrown's greens for the apple watches, but it has according to sources ceased that effort. the cost proving too much for the company to focus paul: on. paul:still to come, how job security is quickly vanishing from hong kong's formerly highflying bankers as ipos slumped the lowest level in more than two decades. up first, the chinese premier downplaying investor concerns about debt and property risks as officials front run positive economic news to support markets. this is bloomberg. ♪ paul: chinese premier li qiang is downplaying investor concerns of challenges facing the e

ubs will lease a 14 story building in hong kong.ping provide confidence for a city battling to keep its status as the region's premier financial hub. it is being developed. you're probably not easily persuaded to switch mobile providers for your business. but what if we told you it's possible that comcast business mobile can save you up to 75% a year on your wireless bill versus the big three carriers? have we piqued your interest? you can get two unlimited lines for just $30 each a month. there are no term contracts. and you can bring your own device. oh, and all on the most reliable 5g mobile network-nationwide. wireless that works for you. it's not just possible. it's happening. haidi: you are watching "daybreak. retail sales rising .3% month on month. that is a little softer than expectations of .4%. we are seeing credit numbers, consumers rising 5% on the year, .5% month on month. we have had some conflicting data points coming up with the australian economy. we had some stronger-than-expected labor market data. the softening i

another hit from ubs this morning slashing from 225 to 165. also lowering the first quarter delivery forecast by more than 0, 30,000 units. tesla shares down 1.5% today. >>> here is a quick check on the pre-market leaders in thes that da nasdaq. hoo at the topis moderna and on semico semiconductor at the top of the board. >>> we are looking at the proper producer price report. the bench market creeping up about ten basis points this week following the hotter than expected read on inflation and in anticipation of the ppi. we will continue to watch yields throughout the morning. >>> that is the morning setup. let's turn to the developing story and capitol hill. ceo of tiktok responding to the house vote on tiktok. that vote could be the first step in forcing bytedance to sell or otherwise give up ownership of the social media platform. brie jackson is here with more. brie, 170 million users. a lot of eyes on this. >> reporter: good morning, frank. a lot of eyes are watching to see what happens on capitol hill. the bill approved by the house woul

up 27% up now 30% thanks to the ubs upgrade.eing stalked by peltz ubs did not upgrade with peltz >> according to the article, another myth iger overpaid for acquisitions we will look at your research. disney has tripled the investment in marvel more than that with pixar. that is what i think of as tent poles as the disney empire. you have math that makes it all make sense >> drive through the article the money that they pulled in by selling right away with sky at $15 billion. you got $11 billion for selling off the regional sports network. selling to arts and entertainment and selling that off. they have great valuation and a big indian operation in star $12 billion there. the hulu valuation is $12 billion. this starts to add up after a while before you get to the franchises they get in the deal here some hottest properties have come in. this is quite valuable this is worth $74 billion and they paid 71 it is hard to say this is a bad deal nelson peltz confuses the math >> you can't be that surprised we have the graphic. you're o

lisa: ubs has finalized a deal.ion dollars in senior secured funding facilities in the deal allows ubs to close another chapter in its acquisition of credit suisse. there'll be a net gain of $300 million in the first quarter of the sale. shares in gamestop are lower in the premarket after the retailer reported plunging fourth-quarter revenue. one of the original meme stocks, it has seen gains and say a rate cut this year will likely be appropriate. their net sales were down 19% from a year earlier in the shares are down about 19% in premarket trading. a landmark agreement struck between visa and mastercard, millions of u.s. merchants will see holders luxury credit cards charge more the check out in the deal will allow retailers to pass in the premium charge of them for processing cards carrying visa. the plan is estimated to save merchants $30 billion in swipe fees over five years and set up a war between the cards. if you have one particular type of visa, you will get charged a different fee then another one. this

. >>> a price target increase from micron from ubs moving it from $120 a share.xpects higher lower will translate to micron being able to hold a higher multiple. >>> time for the global briefing. we start with news with the bank of japan ending the only negative rate regime and hiking rates for the first time since 2 2007. it will buy government bonds worth the same amount of $139 billion a month. >>> and evergrande boosted sales in the years prior to the collapse. it faces a fine of $500 million. the regulator banning the founder and former chairman from the financial markets for life rlife. >>> shares of unilever will spinoff the ice cream unit of ben & jerry's. u unilever looks to deliver sales growth. >>> coming up here on "worldwide exchange," the one word that every investor needs to know today and our next guest says you can cash in on the tech rise while dealing with the nagg valuation concerns. we're right back on "worldwide exchange." [disconcerting stomach gurgle] not again. maybe i should get this looked at? [suggestive stomach gurgle] zocdoc? [talkat

ubs thinks disney will have $14 billion in cash flow by 2026, and investments bringing streaming. stuart: it's, long way in a past few weeks, in the 90s. three or four weeks, nice game. carnival cruise lines, why are they down? lauren: they are warning of a hit from the baltimore bridge collapse of up to $10 million, separately they did reporter earnings, they raise their forecast saying really strong demand, reporting a quarterly loss of $200 million but when warning that we are going to take a potential $10 million hit because what's going on in baltimore, rerouting and the like, that's an issue for investors. stuart: carnival cruise lines, interesting. dollar tree, what is this about selling items? >> they plan to sell 300 items for up to $7 and eventually increase that to $10 because they are taking advantage of rich people who shop there. if you are going to the dollar store and buying anything above $5, come on. would you spend $7 on one thing at the dollar store? i would spend money on gas and drive. stuart: thank you. anti-israel protesters shouted at president biden durin

experts at ubs say scaling ad revenues play a big part in those rising prices. tahoe with a check on conditionsúup there. stay with us this year, i got serious about my taxes. i met with a turbotax expert because i had two full time jobs... lawyering and... liaming. all on my own. count on me, mia. i'll file your taxes for you with 100% accuracy, guaranteed. i'm too tired to smile. make your moves count. intuit turbotax. let a full-service expert do your taxes for you, as soon as today. (♪) is it possible to count on my internet like my customers ascount on me?ay. it is with comcast business. keeping you up and running with our 99.9% network reliability. and security that helps outsmart threats to your data. moaire dida twoo? - your data, too. there's even round-the-clock customer support. so you can be there for your customers. with comcast business, reliability isn't just possible. it's happening. get started for $49 a month. plus, ask how to get up to a $800 prepaid card with a qualifying internet package. don't wait, call and switch today! "overflowing with

a lot of price cuts from bank of america, jpmorgan, ubs, barclays. what are you thinking about your position right now? >> we actually added to it not too long ago. i'm going to give you a comment from our chief marketing officer today who felt the need to speak on our morning call, chris broussard. he said, let me tell you something, creative folks are not going to move away from the creative suite anytime soon. it's too embedded in work flows and there's too much time invested in how to use it. they use it all day long. there's no way they're going to move off of it, so work place efficiency would grind to a halt. when you look at this report, if you're a fundamentalist, this was a great report, the company beat on top and bottom lines, reported 11% revenue growth, 15% eps growth. their biggest segment beat expectations growing 12% year on year. the net, what kristina talked about, recurring revenues, actually beat. it fell short of kind of forward expectations. long term this company will not be disintermediated by a.i. it will benefit from it. we

normally, according to ubs, the stock goes between 5% to 6% higher post these events on monday, on a six-year average. >> yes. >> there's alternatives to nvidia as an investment manager. is there true competition when you think -- it's nvidia and then everyone else. >> right. in the training process, no. i would say at the moment, no. in the inferencing stage, i do believe there could be a lot more. this is where maybe the technical side -- the nerds in the chips world will say otherwise. you have such specific tasks, and you can save a lot of money when you don't go for the giant expensive chip. i think that's where they'll lose the market share going forward. for now, first mover advantage. >> i will look forward to seeing you out there, kristina partsinevelos. thanks for being here with us today. and then there's the other momentum name, it's lilly. obviously one of the best s&p stocks over the last year. it's up more than 130%. it's the best health scare stock over the year. they had news on their direct-to-consumer site they will partner with amazon's parm -- pharmacy. well, the

telecom and cable analysts at financial services company, ubs are saying netflix could be making morememberships again this year. ubs says membership fees could go up by 5% with scaling ad revenues playing a big part in rising prices. netflix previously made some small monthly fee increases on some tears back in october as other hot add actions came online. netflix had more than 260 million subscribers at the end of 2023. and coming up here for astronauts are headed to the international space station. details on them and what >> have heard that a blizzard has been shutting down roads across california. but here's the problem. they had in ohio. something else is making drivers pump the brakes. this is. >> footage from the ohio department of transportation showing traffic coming to a stop as yes. 2 were says scallop down the interstate. the horses racing down. i-90 in cleveland. they were eventually caught. and officials are saying that this pair actually escaped from the cleveland police tables. not something you see every day. a new cruise now heading to the international space statio

charles: your firm, ubs went to 5200. good conviction about this market if your broker doesn't have conviction you may not be based properly to be positioned in this market? >> that's right. wall street institutions tend to have a bias to go higher and stay in but the truth is if you're an individual investor you can be trading in and out of individual names from a market timing perspective but you should also have as much time in the market because if you think about it, s&p goes up, goes up about 9% a year. you are going to have some blips. but you want to be in markets for the long haul. charles: i have to be honest with you, i watch financial tv, doesn't a day goes by some says get out, or trim. some trim while during the commercial break. during the commercial we sell everything. a lot of people get caught up in the flew ounces. pick the top, sell it, go down i buy it back. i just worry about it. why i cherish you as a guest. let's talk about your rate gameplan. >> they will cut rates. charles: this is what people sh

on friday, the spokesman for the alasan brigades abu ubed said the main priority for resistance groups in a potential prisoner swap deal with israel is a complete end to the aggression on the gaza strip. he also described israel as an occupying regime, devoid of humanitarian values, adding that nazi like massacres are being perpetrated in gaza. thousands of israeli protesters have once again rallied in tel aviv, demanding the resignation of prime minister benjamin. yahu, at least 10 protesters were detained after clashing with the regime's forces who used tear gas to disperse the demonstrators. protesters called for immediate cease fire in israel's ongoing onslaught on gaza and the return of the captives being held by palestinian resistance groups. they criticized netanyahu's handling of the war on gaza and demanded new elections. they also called on us president joe biden to stop supporting netanyahu. meanwhile thousands of demonstrators have rallied across the world to show support for the palestinians and condemned the israely genocide in gaza. protests were held in london, paris, s

and become to some extent ub quite can be a challenge in the luxury space. and you want to stay unique and special. that's where we're building in markets in china, and looking ahead to markets in india promising for the future, very deliberate on planting the right found yaths so we can build from there. >> so the world is changing we talk about ai, sustainability, and the need for fashion companies to do more. >> yes. >> how much time do you spend thinking about sustainability? >> a lot. i go back to our conversation on purpose earlier, it's part of the dream to timelessness and authentic style. timelessness and sustainability go together. you can't expect to be timeless if you run out of resources. for me sustainability is not a side activity, it's not a reaction to external pressure. it's core to who we are, what we stand for. and to a very strong extent it's about future proofing our business. you need to focus on sustainability to recruit. more and more that younger consumer we're talking about, they want to work for companies that care about this plan

ceasefire talks have so far failed to yield any results. on friday, spokesman for the algasan brigades abu ubed said the main priority for resistance groups in a potential prisoner swap deal with israel is a complete end to the aggression on the gaza strip. he also described israel as an occupying regime devoid of humanitarian values, adding that nazi-like massacres. are being perpetrated in gaza. meanwile, protests have been held in several countries across the globe in support of the palestinians in the gaza strip. in the italian city of rome, thousands of protesters took part in national demonstration in solidarity with palestinians. they waved palestinian flags and demanded a cease fire in gaza. they called on the united nations and other international organizations to stop israeli crimes. in a similar protest. tens of thousands of people in the uk capital, london marched towards the us embassy. they demanded immediate delivery of humanitarian aid to gaza and mid the dire situation there. the protesters said western countries should stop their military and financial support for the tel aviv

what about the us military aid to israel, that is very popular one which we have noticed. now abu ubed, the military spokesman for the assam brigades, has blasted the israeli regime for... anizing food, now this is what he has said based on his statements here, using starvation against palestinians to put pressure on hamas into a ceasefire, is something he capitalized on, and also he said no captive swap without ending the aggression, so as we can see, hamas is into accepting at the uh, not accepting the temporary cease fire, but rather it wants a permanent one. moving on with the news, israely war planes have launched fresh strikes on southern lebanon, killing five civilians and wounding nine others, all but one of the victims are from the same family. the attack completely destroyed their homes and caused heavy damage to dozens of nearby homes. our corresponsale earlier joined us from beirot for more details. about the rashimes's attack entire family has been killed as a result of this israeli strike and this is another massacer that you can add to the israeli crimes in addition to t

. (♪♪) >>> time for cramer's "mad dash" as we count down to the opening bell >> a piece by ubs today,countergrain, there's a lot of people that feel that disney is largely because of peltz. this is the proxy fight. but this piece by ubs says sources of potential upside within the disney model, including becoming an earnings compounder, talking about the parks being good, dtc, is direct-to-consumer, they think it's ramping, good margins, new price target, $140 so this is a piece that says, don't fret this is the subtext. if peltz doesn't get on, there's something very good here i think a lot of this, including the $7.5 billion in costs they're going to take out versus the $5.5 billion that they had not that long ago is in respect to the fact that, listen, we hear the footsteps we we don't want peltz on the board. but this piece says, return to greatness, but going a different way. >> so, you've ascribed this to nelson and not to things that are working within the company >> they -- the company will not like me to say this, but i think that nelson has concentrated the minds of the board

everybody cools off, doesn't matter if you're ub land, around the bay, or along the coast.ntually temperatures warm back up, but we're probably going to see another chance of rain wednesday night and thursday of next week. >>> straight ahead in sport, my college, my university exposed. not in court on the court. and why this seventh grader's game could have helped him as the ncaa tournament opened for business tonight. >>> pretty shot of the fog rolling into the city. okay, i think this is when steve kerr earns that fat check, because he's got to motivate these guys. he's got to get them in line. they need to get it together right now. >> for the warriors it is go time right now. there's a term called nitt. now is the time. for warriors basketball. defend home court was never more important than what faces the warriors tomorrow night when they host memphis. they are back and forth with the laker, sara, for these last two spots for the postseason. they got to make the most of these remaining 15 games or else. six of those games are at chase center. >> there's no place like h

ubs says membership fees could go up by 5%, was scaling ad revenues playing a part in rising prices.etflix already made some small monthly fee increases on some tears in mid-october as ed options started to come online. netflix had more than 260 million subscribers at the end of 2023. and apple's facing some heavy penalty is over the rules on its app store in europe. regulators in the european union have now find apple about 2 billion dollars over its attempts to stop music services from advertising, cheaper prices that are available outside of the app store. so this is now illegal because of new laws just passed in the eu. the first major complaint over this issue came from spotify in 2020. they call that the apple tax because the tech giant takes a 30% commission from purchases made in the app store. and if you're on the lookout for a new watch, there's an android watch that's now in the market as a very long battery life and rich demuro give it a little test drive in today's tech smart. >> one plus has been on a roll lately. their last 2 smartphones have gotten rave reviews and no

. >> yes, the evidence lab from ubs.>> wells fargo has signature research. >> oh. >> it has nothing to do with signature bank, but they recommend dollar tree today on, believe it or not, sotp. bullish, saying if you got rid of family dollar, the stock would trade higher. dollar tree sells at 24 times earnings, so it's more expensive than nvidia. >> it is? >> yeah. >> you really think it's possible to actually realize a sum of the parts? it's one thing to say something is worth more than it's trading for. >> i think you're totally right. but they can get rid of all the bad family dollars. i happen to be a dollar tree fan. i went by my dollar general this weekend because it's not functional. they don't have enough inventory. my dollar tree is chock-full. >> no kidding? >> yeah. >> all right. >> you get the peeps and stuff. you know what a peep is? >> don't spend a lot of time -- >> you know what a peep is? >> i do know what a peep is. >> what is it? >> it's that candy. they sell them during -- they have little easter ones,

abu ubed noted the international law is unable to stop israel from committing crimes against palestinians. he said rules of the international community are worn out and ineffective, adding those rules are the service of hegemonic powers. he also touched a potential seesfire saying priority to strike a prisoner swap deal is ending the israeli aggression. completely ubeda also referred to anti-israely operation launched by palestinians back early october, he emphasized operation alxa flood was in response to decades of emity and atrocities against palestinians. the on agency for palestinian refugees onro says the israely regime tortured some of his staffters uh to falsely confess links to the... palestinian hamas resistance movement, unrest revelations came after some employees released from israeli a detention, reported having been pressured deliberately to tell lies. they were subjected to various types of torture, including waterboarding, to admit that they participated in alaxa flood operation of hamos. meanwhile, unra said it, it will hand over 11 page testimonies by its staff to relev

ubs cuts from $225 to $165.t's the third price target cut we've seen in about a week after deutsche and of course wells yesterday, which went to $125, one of the lowest on the street. market cap, david, now below jpm, and it's a worse performer on the s&p year to date than boeing, than warner brothers, than paramount, than charter, than humana. >> man, that's some bad company. >> yeah. >> we've talked about it, obviously, often, as you might expect, and there it is. yeah, jpmorgan's worth about $551 billion. tesla is not. sort of about $10 billion or o below that, at least as we begin trading this morning. it was down yesterday on that downgrade from wells fargo that we discussed. they really do question sort of the ability of the company to significantly grow. and there you can see boeing, obviously, also along with tesla in terms of its very poor performance. mike, people are going to start, so, how much is he levered on? i kind of hear that on musk. that's, you know -- it's not part of this issue at this poin

ganaron este estado por solo un margen de 2.7 puntos y según una encuesta de la organización unidos ubs entrevista con la vicepresidenta kamlager-dove en nuestros espacios informativos. regreso contigo, johanna. gracias nicole. un estado clave que tendrá esos 6 votos electorales en noviembre. el presidente joe biden ahora se arrepiente de referirse a un indocumentado como un ilegal. el mandatario, durante su discurso del estado de la unión, describió al inmigrante indocumentado acusado de matar a un estudiante de enfermería en georgia. biden dijo en una entrevista en msnbc que la persona es indocumentada, que él no debería haber usado la palabra ilegal. su declaración es un cambio de postura. cuando ayer se le preguntó si se arrepentía y dijo que no, porque el hombre no debería estar en estados unidos, el congreso avanza en sus esfuerzos por prohibir la popular aplicación tiktok. el presidente biden ha dicho que promulgaría esta legislación. le contamos por qué quieren prohibirla y en los últimos años se ha visto que los nanoplásticos pueden estar en nuestro organismo. ahora un estudio

ubs hitting highs. greg martin from rainmaker securities coming up. securities coming up.ho knows what she wants? me! with empower, we get all of our financial questions answered. so you don't have to worry. empower. what's next. from the heart of where innovation, money and power collide in silicon valley and beyond this is bloomberg technology with caroline hyde and at the. ed: i'm at the though in san francisco. coming up we will talk earnings about -- as oracles has the biggest earnings and years. bitcoin continues his record-breaking run

well, the chase. let's all, big guys , who is my brother ube, who did this, ur, i ask, yes my brothere main one here, everyone says that this is the main voice, his name is, the voice, the deaf, they are something there - they didn’t divide it, they have a voice, i’m not azerbaijanis, course, i’m kurt, kurt, yes, kurt, kurtya, look at these houses, sharp glasses are shaking, broken stakes. but they are peacefully silent and no one will hear, two sides, one medal to strangle, who got it, it will be time eat, for everyone, or is it beneficial, but a person will not listen to her, where are the gray birds flying and why are they? knock the coins, so that the rube is chosen, lyuba remains, lyuba, lyuba , lyuba, lyuba, lyuba wakes up, lyuba washes herself, lyuba humbles herself, lyuba puts on her clothes, lyuba wakes up , lyuba smiles, lyuba, lyuba catches, evil conquers all with evil. in the face of troubles, people don’t want to talk about trouble, they believe that it will blow away in beauty, wag its tail, unworthy of a star, they know what ’s going on, be silent on the sidelines, rive

ubs global is with us ahead of the inflation print. ♪ when i was your age, we never had anything liket? wifi? 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 wall-to-wall wifi on the xfinity 10g network. >> this is "daybreak: asia." we are counting down to asia's major market opens. there is one game, the u.s. inflation print. is this the one that powell will want to see to turn firmly dovish? you still have expectations that are building around the boj. >> one big central bank kind of game. the boj is part of it. the yen --it all comes down to wage growth. we want a number of at least 3.8% for that not to derail expectations particularly at the open. >> it has been

frustration has boiled up and some of the color woven into this great peace comes from a banker at ubsre was a banker who is their point man for all things sustainable finance regulation, and that a meeting in tokyo at the financial stability board, so they had representatives from the fed and ecb he let loose a little bit and said, your expectations of us are totally out of whack. not that banks should not be participating in helping the economy to transition. he took objection to a recent ecb paper that said that 90% of banks are misaligned with the 1.5 degrees target of paris. he said of course we are misaligned. the real economy is on track for three degrees. how are we who will finance the economy be aligned with 1.5. there is a disconnect between the commercial imperative in structures of the bank that are clashing at this point, and i came to a head at the tokyo meeting. tom: great piece of reporting inconsequential in terms of how we get to these targets if we ever do. alastair marsh on the bloomberg dictate today. there is plenty more coming up. stay with us. this is bloomberg

tesla, by the way, hovering near a ten-month low following two downgrades from ubs and wells fargo. the worst performer in the magnificent seven. could it be time for another to take its place? let's ask alex kantrowitz. alex, some say tesla is not performing the way the othering magnificent seven stocks are. is it too early to kick it out? >> i would not be opposed to having a magnificent seven to a super six. we know tesla will have tough times ahead with the discounts and potentially flat growth. look at where the story has gone from the ev story with elon musk to a.i. you put nvidia in there and it is tough for tesla to have fundamental issues and story issue. if you want to go super six instead of magnificent seven, i'm for it. >> we spoke about adobe and what is happening there. adobe is the beneficial area of the a.i. buzz and creative suite for people who use their products has been a huge driver of the growth at adobe. is adobe one of the stocks that could maybe be that stealth magnificent seven stock? >> adobe is impressive. of course, it beat earnings, but they had sluggi

disney hitting another 52 week high after ubs raised its price target citing the strength in these parksp about 1%. you also have iag hitting highs after jp morgan put it stocked on its positive catalyst watch list. it shares -- its shares are up on a pretty quiet day overall for the equity markets. coming up on bloomberg technology, jim webb -- tim wentworth, the walgreens alliance. that does it for bloomberg markets. i am katie greifeld. this is bloomberg. ♪ were you worried the wedding would be too much? nahhhh... (inner monologue) another destination wedding?? we just got back from her sister's in napa. who gets married in napa? my daughter. who gets married someplace more expensive? my other daughter. cancun! jamaica!! why can't they use my backyard!! with empower, we get all of our financial questions answered. so we don't have to worry. can we get out of here? i thought you'd never ask. join 18 million americans and take control of your financial future with a real time dashboard and real life conversations. empower. what's next. >> from the heart over innovation, money, and power

hannah h nine rebounds, cin registed third strai 10oint performce a second careerouble-ub d with 11 pointsnd tm bes 11 bounds. gabby and kat were instruntal in getting us tovertim g tenournamen.v.p.asamed the the t csecutive tourname. li is only sondplayer sin 1995 . hono in re consecutistight trna. brki sean.rfoan and rordheir b weone an congratutionso t ersity of iow wom's basketballeaon winning the big ten tournament. and go, h.wi that, mr. speaker,. e spr pro tempore: air reczes thgentle from tenneee, mr. r f veinut. mrro mr ser las week prident ben deled hopey his final sta oth union addss that included healyective statiscshatainted a our economy.f t state i r to add som impornt contextha ges a better apshotf the ecomic conditions facin working .ennessee.epsentn moh than thr y a00e p to get by. is mea they'ayg0% more for necessities lik food and ren and nearly 30%o pornd heat their hes mr rose:t's staggering $11,400 mor every yeaust on the basic the average mly on idwas $1,74 befors no the age morag a ne home i $3,322 every month. that's at double. interestat which are due to r or reckl

. >>> ubs raising nvidia from $100 to $11 a share.a sits on the brink of a new wave of demand on the global scale. >>> time for the "global briefing." chinese authorities are investigating the role in the evergrande accounting practices after the property developer was accused of $78 billion fraud. the auditor was let go after the practices. the chairman was accused of inflating revenue by 75% and banned from the fainancial markets for life. >>> the nikkei touched a record after the fresh inflation data from the country at 2.8% which was up over .50% from the previous month. the bank of japan is confident it can reach the target after ending negative interest rates this week. >>> vodafone has five days to provide meaningful solutions over the proposed merger before the competition and markets authority launches an investigation. this could lead to legs ss competition and unfavorable environment for mobile network operators. >>> turning to washington, d.c. back here in the u.s. the race is on for congress to get the government funding

the price target ties boa with ubs with the highest forecast on the street.oining me now to discuss is delano sapuro. >> thank you for having me, frank. >> bank of america tied for the highest on the street for 5,400. that implies another gain for the double digit gains. after what we see from earnings and small caps, small caps with the 52-week high, doyou agree or disagree? >> i'm less optimistic. i see the double digit gains, but the optimism in the market. we have been off to a great start. i do think we will see drawdowns. it will not be lineal to the double digit gains. there are a few reasons why i'm less optimistic. you look at jay powell's comments dictate the price going forward. that's what i'm watching closely. >> you are looking at jay powell. the trifecta to give us insight. two days of jay powell testimony. that is a lot of insight to the fed when he is on capitol hill. the jobs report on friday. i want to ask what do you think the jobs report will tell us that jay powell will tell us on capitol hill? >> i think the jobs report is giving us mor

ubs's ai excitement fueling another 20% rally from here, the s&p 500 this year and arrayed domino says things might get crazy but are far from crazy right now. as we set up on the third month of training, what's next? let's ask ray want, gary k kaltbaum. ray, what do you make of this? it's too fast. another 3% or 4%, calm down, what do you say? >> the market has a lot of room to grow even if nvidia hits 900, we have the beginning of the ai age, that's just hardware, we have areas around software that will grow, companies that make a lot of advancements and service companies, this is like the beginning of the internet. we have a lot to grow, a lot of stacks and layer to gain in that area and a lot of winners and losers that haven't even been created yet. stuart: julie: but you are the kid in this, we are seasoned veterans, not you but we can remember the internet boom. i see stark differences, you put it this way in the past, what do you make of where we are now in this run-up now that continues unabated now? >> you never know if it's gone too far too fast. all i can tell you is it is s

are concerns with inflation and consumer spending slowdown the global wealth council is made up of ubsnd morgan stanley and others the group was chaired by the chief investment strategy. the panel's view is we are entering a time of higher inflation and slower economic growth >> we believe public equity returns will come down from 8% to 9% in the past five years to closer to 5% to 6% we expect higher volatility and higher inflation volatility. just relying on two asset classes to achieve your goals is going to be a challenge. the area where you have the highest allocation is private equity over time, what that offered has been 430 basis points. we expect going forward for that premium to increase given the new regime >> private equity for income generation for down side protection and real estate are the council's top choices in alternatives looking at kkr and it see twos r two rate cuts this year. opinions are split on the dollar which is seen as a possible threat to the recent rally due to the rise this year. so far, it is up 3%. the council believes it will move higher. let's talk m

bank rate cut from switzerland no mover from ble thanks for being here i'm maria bartiromo thursday ub you march 21, 8:01 east coast president biden pushing for financial handouts americans face high inflation hillary vaughn on capitol hill with deals. some people this morning, will be waking up with an email directly from president biden, letting them know that he canceled their student loan debt, today 77,000 public service workers that includes teachers firefighters, nurses will be getting student loan sgs a paid off totally 5.8 billion dollars applies to anyone in the public service making payments on student loans 10 years in the public service loanps forgiveness program won't be only ones with annem the white house says 380,000 more public service workers will be emailed today letting them know they're on track for debt forgiveness within next two years president biden celebrating this move saying quote from day one of my administration, i promised to fix broken student loan programs make sure higher education is ticket to middle class not bare to opportunity i won't back down fr

. >>> ubs shares are moving higher after morgan stanley upgraded the rating from overweight to equaleight. >>> vivendi posted a 7.5% rise on core quarterly earnings with the tv businesses as well as the integration with the french media company which said it continued to work on its proposed split plan, but gave no update. that stock hasn't reacted to well to the news. down nearly 2% this morning. charlotte is joining us for more on this story. 40% to 45% discount is what the ceo thought would be an overall discount? that was before the announcement of the split. i don't know if it dropped off or went higher? >> analysts agree with the 40% discount that it is suffering from. that splitting the business surprised the market back in december when they announced it. it was a u-turn from the top shareholder who for a long time was trying to convince the market it was not a desperate amount of assets that were put together. he said this is a media empire. nowu-turn. the idea of the businesses will be separately listed. the first is the canal with half of the revenue earnings up 3%. they p

venues, you can see — i said about the grassroots venues, you can see artists growing through its tine-ubbig glastonbury performance is tight like the last dinner party i believe — tight like the last dinner party i believe played on the woodsy stage last year— believe played on the woodsy stage last year but since then really stood — last year but since then really stood debut album, they had the biggest _ stood debut album, they had the biggest debut album since 2015 by british— biggest debut album since 2015 by british band which was years & years and i_ british band which was years & years and i think— british band which was years & years and i think that will be a huge moment— and i think that will be a huge moment and indicative of the relationship between grassroots and glastonbury. relationship between grassroots and glastonbu . . . . relationship between grassroots and glastonbu . ., ., ., ~ relationship between grassroots and glastonbury-— glastonbury. laura and mark, thank ou so glastonbury. laura and mark, thank you so much — glastonbury. laura and mark, thank you so much for—

. >> the fact that the club is called ub you, the rainbow clubs and others shows the intentional deceptionool troop requires permission to participate in gardening club but somehow this club got lost in the shuffle of things according to the principle. >> this board has helped to create district culture which both encourages child sexualization and hides it from parents. just a small problem with a stranger having secret sexual conversations with their 8-year-old. >> jesse: this lady thinks she's a dog. she says she thinks she's a dog. primetime thinks it's a sexual situation but to each their own. she called into an australian radio show to talk about her life as a puppy. >> do you have a boyfriend? >> handlers. they feed me, take me on walks. we practice training which is one of my favourite things because i get treats. >> do do that in the park? to people give you funny looks? >> i don't find myself focusing on what other people and their reactions towards me because i'm so in the moment of being the dog. >> jesse: i think it's time for a primetime victory. england's national health ser

ubs price target down. three reasons. revision driven by slower demand in western countries. intense competition in china. very limited units in 2025 pushing meaningful volume to start in 2026. that stock is down 1.5%. up next, biden backing u.s. steel. >> we know we have to reassure and we have to be self's of -- we know we have to reshore and we have to be self-sufficient. we need to be able to do things here first. jonathan: that conversation is up next. ♪ j.p. morgan wealth management knows it's easy to get lost in investment research. get help with j.p morgan personal advisors. hey, david! ready to get started? work with advisors who create a plan with you, and help you find the right investments. so great getting to know you, let's take a look at your new investment plan. ok, great! this should have you moving in the right direction. thanks jen. get ongoing advice; and manage your investments in the chase mobile app. jonathan: equity futures up one third of 1%. yields unchanged. the data 12 minutes away. biden backing u.s. steel. >> this is the one of the most bipartisa