bloomberg's vonnie quinn is following the development. re the candidates at this point? vonnie: that's just it, shery. this whole thing is unprecedented literally. we've had 118 sessions of cock in -- of congress in the united states. and it is unexpected. there are people that could potentially be voted speaker next. we will get into that in a second. but just on what the former speaker now said, he also said that he believes he can contribute but maybe in other ways and that he hasn't thought about resigning from congress. he's going to look at remaining in congress. so clearly, if you remember back to when he got elected as speaker in january, it took 15 rounds of voting, it took five days. and it took an awful lot of wheeling and dealing between all the various members of the right flank of his own party and more moderate flank of his own party and democrats in order to get him that job in the first place. and now he's lost that job because of some of that wheeling and dealing. specifically matt gaetz who brought the motion to vacate t

for more, let's bring in vonnie quinn. funny, what do we know here?> the sec is trying to force must to give testimony and this is very unusual that they they -- would do this. it is very rare, but when it happens, the judge usually sides with the regulator and would force, in this case, elon musk, to comply. the umbrella investigation is to whether or not he violated securities laws, that is the sec's drop, to see about market manipulation. before acquiring all of twitter in 2022, musk, he owned a stake in it. but he only disclose that to april. rules require that if people by more than 5%, they must disclose it within 10 days. there is a question of whether he defrauded investors in twitter, as it was called at the time, and shareholders would be interested to know that. incidentally, there is a shareholder lawsuit ongoing against him led by an oklahoma firefighters pension fund. and the judge in that case said that yes, it could go ahead. musk does need to understand that he has to face this lawsuit. the judge found evidence that musk does understa

. >> i am vonnie quinn. take a look at where we are and it is a risk on day and this does not necessarily reflect the idea that there may not be a diplomatic solution in the middle east but it does reflect the fact that there are diplomatic efforts being made and there may not be a broader regional conflict. that is to be determined but for right now, the s&p 500 up almost 1.2% in this reflecting the idea that markets are ready for a raft earnings

vonnie quinn joins us with the latest.bout the tensions brewing in the health care sector since the pandemic. what do we know about the immediate impact of this? >> it is immediately impacting dozens, hundreds, thousands of routine visits. non-elective surgeries and so on. it is a three day strike impacting people in six states, more than six states. 13 million people -- 75,000 workers. everything from pharmacists to dental assistants, nurses and so on. all of these check-ups and scans that were scheduled will have to be rescheduled. the thing about health care union strikes as they have to operate under federal restrictions, unlike other unions. members here will have to return to their day jobs even if no deal is reached by saturday, as what is likely. the coalition of kaiser permanente's union has said there may be more strikes down the road. we are getting used to seeing these. scenes. you are seeing the signs there. the coalition of unions says the signs are very far apart. the company won't budge on a measure that wo

extend its dominance of the search market into a new generation of ai power tools, let's ring in vonnie quinnt. the comments coming during microsoft's testimony in the case against google. vonnie: the doj is accusing alphabets google of maintaining a monopoly by spending to maintain that monopoly. spending $10 billion a year to people like competitors to microsoft, to smartphone manufacturers and to phone carriers. the doj uses microsoft in this instance to make its argument, microsoft got onto the stand and said, yes it is true. what is happening is google could accelerate its lead in ai by buying all sorts of access to search and to large language models and it becomes a self-fulfilling prophecy if it has all of these resources. by default it becomes better as ai power tools. this was not the argument that nadella was making the argument in february when the microsoft engine -- search engine did better in an ai situation that google. -- than google. the point was it is a misnomer to suggest that people search by choice. search happens by default, just like when you get up in the morning and

. >> i am vonnie quinn. intel climbs on an upbeat forecast. >> the selloff in big tech while bonds rise, janet yellen tells bloomberg the recent you observe revise economic strife. >> you are seeing yields go up. this is simply a reflection of the strength of the economy. >> also, the ftx founder faces prosecution as he takes the stand in the fraud trial. let's get a quick check on wall street. s&p futures tire. nasdaq 100 futures point to a higher open in the very early going. this after the s&p dropped another 1.2%. that brings the year-to-date gains -- we have had very mixed earnings in particular from the tech company. economists are only looking for rise of 1.9%. a lot of mixed signals out of this economy. we have the 10-year yield dropping for basis points. now it is down to 8343 a barrel. let's have a look at those after the bell earnings. we have amazon and intel. the market is reacting well to both. intel is saying the west may be over for pc's. we will take a deeper dive into the latest tech earnin

vonnie quinn joins us now with the latest in the death toll continues to climb. d will continue to, this is not stopping and has been nonstop since those surprise attacks on saturday. the u.s. is responding swiftly sending a group of warships to the eastern european -- secretary austen saying after discussing the matter with president biden he directed the uss gerald ford carrier strike group to the region. that includes an aircraft carrier a guided missile cruiser and guided missile destroyers. he also said the pentagon will be sending additional aircraft's two fighter squadrons already in the region to enhance deterrent efforts. the u.s. will be rapidly providing the israeli military with additional equipment and supplies including munitions which will begin moving today and arriving in coming days. a swift response from the pentagon and from the administration. also in congress the u.s. house a bipartisan resolution that will say it stands with israel and will condemn hamas brutal war. we have had swift reaction from many international bodies and countries, ukr

for more, bloomberg's vonnie quinn joins us with the latest. here did morgan stanley see the most damage? vonnie: investment banking down 27%. wealth management saw the lowest since the death of the pandemic, which was a little bit of a surprise since gorman had been suggesting it might be a little bit better than that. for example, we have fixed income trading slumping. equity was also a disappointment. let's look at wealth management first because after the acquisition of e*trade, morgan stanley set an ambitious project for that unit. it had a goal of $12 billion in revenue annually. that suffered a significant setback because this quarter net asset inflows were 35 point $7 billion. for contacts in the first half, that level was 200 billion. you could tell the next half is up to a head start and setting it back significantly. net interest in that unit was $2 billion. clients were looking for that are returns for their deposits. so that was not a great number there. as for deals and capital raising, we have a couple of warrants to australia bec

vonnie quinn joins us with more. what support are we talking about? vonnie: the u.s.s sending a group of warships to the eastern mediterranean. defense secretary lloyd austin spoke with president biden and after the discussion directed the u.s. gerald r. ford carrier strike to the region. intimate be the only beginning of what is to come. it includes aircraft, guided missile cruisers and guided missile destroyers. the pentagon will send additional aircraft, two fighter squadrons all already -- are already in the region to enhance deterrence. the u.s. will be rapidly providing the u.s. -- israeli military with additional equipment and supplies including munitions. they will begin moving today at arriving in the coming days. a swift response from the u.s. paid the u.s. house is preparing a bipartisan resolution that it "stands with israel and condemns hamas costs brutal war." and -- reaction from the international community. ukrainian president volodymyr zelenskyy himself still at work condemning what he called a terror attack. he says israel's right to defend itself "c

vonnie: i am vonnie quinn. israel sends troops and tanks into northern gaza in what it calls the second and longer phase of its war against hamas. the escalating middle east conflict is heading to pressure from markets amid an already heightened week. a bond rate hike amazed of the spotlight. shery: a bumpy road to be expected biden-president xi jinping summit. let's get a check of where we stand markets wise. it looks like we are getting futures pointed higher, this after stocks fell for a second week in the u.s. last week touching their lowest level since may. the s&p 500 did rise friday, but the index done 10% from its july peak and correction territory. investors punishing companies whose profit outlook is worsening, and wc the geo political tensions as well, yields falling for a second week, rent crude -- brent crude coming up slightly down .71%. gold has been rising, it is about $2000 per ounce, and volatility in yields and oil and gas markets as well. 10 year yield at 483. we will be looking at safe have

let's bring in vonnie quinn. another ipo pricing. >> it's noticeable.e had that forearm and instacart area there are a few things going on. it's gotten more fragile, we have the prospect of a shutdown for the government. this could lead to broader market volatility. it does not mean performance going forward will continue in that direction. instacart about 10% lower. the range was $49 per share. that would give the company a market value based on the sec filings. executives, directors and employees would be $9.33 billion. it's about 21 million shares. if you are looking tomorrow, it's under birk. paul: it is been a mixed performance. it is a mixed performance, staff that wants to cater to the public. companies in the pipeline are looking at birkenstock and some of those companies, consider a weight loss drug maker, game change solar. an active where brand. birkenstock is a consumer facing company the biggest one we had recently a couple of years, that was a pretty big deal. it is profitable, a bottom-line story. it is a topline story, it has risen 29%,

vonnie: ceo noel quinn speaking exclusively with bloomberg's tom mackenzie.he outlook for u.s. stocks, more analysts are cutting their positive views retrading at year-end. let's discuss and bring in annabelle in hong kong. oppenheimer is one that lowered its target for the s&p 500. annabelle: that's right. you mentioned one, because yes, we had seen a lot of strategists optimistic of where we would see the final months of trading going. in fact, talking about the odds we would see a santa claus rally. yes, that is really starting to be reserves -- reversed by a lot of the market. you have the israel-hamas war and the market implications of that. you also have lower risk appetite was seeing higher yields. that has been testing trading for the s&p 500. that has fallen into direction -- into correction territory. oppenheimer is now lowered its year-end target for the s&p 500 to 4400. it was at 4900 previously. again, citing the factors we just discussed. if you change now, taking a look at where the average target is for the s&p 500, the average analyst estimat

vonnie: that was noel quinn speaking with tom mackenzie.reak: asia, this is erg. ♪ ♪ ♪ be ready for any market with a liquid etf. get in and out with dia. >> we are launching the next generation by debuting three breakthrough chips at the same time. introducing m3, m3 pro, and m3 max. they feature groundbreaking technologies and show how far they have come since the debut of the m1 family. vonnie: the event just took place in the last few hours. it has announced new -- a new processor. rolling out a new chip with major improvements. it is the first time apple or any other high-volume computer manufacturer has moved to the three nanometer technology. they are aimed at higher performance machines. the central processing unit has 12 cores with 18 for graphics. it is all adding up to the fact that it is making it 18% faster than the chip from 2021. for a look at some stocks to watch when markets open in hong kong and mainland china. focused on sam sounds better than expected third-quarter forecast and expectations that memory demand will pick u