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Apr 26, 2024
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they have some names like microsoft that they will make chips for. it is a backlog because it is not yet real. these are technologies on the production side that come into force next year. and every quarter is a similar story. like many ceos, the message from pat gelsinger is trust me and bear with me, it is coming. sonali: we will bear with you, we hope you're bearing with everyone else. that is ed ludlow. very busy week for that man. more tech earnings next week, as well. coming up on today's wall street beat. we go to the mining industry. elliott boosted stake in anglo american after they dropped a takeover bid. we will talk about that. this is bloomberg. ♪ everis spent on golf? life nah. sinking putts? the only thing sinking is my savings... there's the kid's braces and my parents to care for. i'm gonna caddy forever. with empower, i get all my financial questions answered, so i don't have to worry. empower. what's next. sonali basak this is "bloomberg markets." i'm sonali basak. it is time for the wall street beat. we're looking at blackstone.
they have some names like microsoft that they will make chips for. it is a backlog because it is not yet real. these are technologies on the production side that come into force next year. and every quarter is a similar story. like many ceos, the message from pat gelsinger is trust me and bear with me, it is coming. sonali: we will bear with you, we hope you're bearing with everyone else. that is ed ludlow. very busy week for that man. more tech earnings next week, as well. coming up on today's...
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Apr 26, 2024
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ed: microsoft and google post strong results. caroline: jeff bezos and andy jassy deleting chaps amid an antitrust probe. let's check in on these markets. this is a macro picture on the day and some earnings galvanizing a drive higher. nasdaq up more than 2% then. we see the core pce that the fed so loves coming in line. we are not calling, but we are not exceeding expectations. the market is relieved and we are seeing about of good, healthy increase in certain stocks. a 10 year yield dives down onto the back of that pce number. even though we see bonds indeed rallying coming yields falling lower, the dollar still resilient against the japanese yen. will we see intervention from the boj? moving on, have a look at what it is doing against bitcoin. dollar strength against bitcoin. crypto on the downside. ed: it is all about earnings. intel is off session lows. and just a moment, ian king will give us the numbers and then we will speak to the intel ceo. microsoft and alphabet are all about cloud growth driven by ai products. microso
ed: microsoft and google post strong results. caroline: jeff bezos and andy jassy deleting chaps amid an antitrust probe. let's check in on these markets. this is a macro picture on the day and some earnings galvanizing a drive higher. nasdaq up more than 2% then. we see the core pce that the fed so loves coming in line. we are not calling, but we are not exceeding expectations. the market is relieved and we are seeing about of good, healthy increase in certain stocks. a 10 year yield dives...
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Apr 26, 2024
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azure the cloud product for microsoft of 32%. ai creating demand. intel, down 11.3%, the worst day since april 2020. they aren't able to get in on the ai craze like some other companies. certainly not nvidia. the outlook is disappointing and that company is down sharply. katie: let's look at the tech 100 fund. we were talking about funds that provide access for retail traders to get to some of those private tech companies. look at what it is doing now. it is down over 20% today. the stock is trading near $18 per share. it was just below $100 earlier this month. we have the yen that got weaker, 157 against the u.s. dollar. we heard from the bank of japan that they kept their rates unchanged.as a result you can see the yen flirting with 30 plus year lows against the dollar. we will follow that a speculation about intervention heats up. fillin up the seats and the coffers at carnegie hall. our interview with the carnegie hall executive and artistic director. that is next. this is bloomberg. ♪ (traffic noises) (♪♪) the road to opportunity. is ofte
azure the cloud product for microsoft of 32%. ai creating demand. intel, down 11.3%, the worst day since april 2020. they aren't able to get in on the ai craze like some other companies. certainly not nvidia. the outlook is disappointing and that company is down sharply. katie: let's look at the tech 100 fund. we were talking about funds that provide access for retail traders to get to some of those private tech companies. look at what it is doing now. it is down over 20% today. the stock is...
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Apr 26, 2024
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alphabet microsoft deliver
alphabet microsoft deliver
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Apr 26, 2024
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the positive story came through for microsoft an alphabet. the fact they are able to monetize in the cloud business, the investments around ai. i want to give you a look at what's happening in terms of multiples and the valuation story. we know this is been a concern and investors are wringing their hands. look at tesla. it's at a challenging year. elon musk was able to sway those concerns and the earnings call. you are still down double digits for tesla and this is the 12 month blended pe, 59 times for tesla, despite the challenges it faces in the chinese market. all of that playing into the mix. meta-is looking cheap. they had a challenging earning story in terms of the outlook. 20 times versus 59 times. that tells you a lot about how things are shaping up. let's have a look at the biggest story. i want to give you context in terms of softness. the japanese yen is down 40%. 40% versus the u.s. dollar. the bank of japan coming through with what bloomberg economic says was a dovish hole. that story continues to be in focus. more analysis on t
the positive story came through for microsoft an alphabet. the fact they are able to monetize in the cloud business, the investments around ai. i want to give you a look at what's happening in terms of multiples and the valuation story. we know this is been a concern and investors are wringing their hands. look at tesla. it's at a challenging year. elon musk was able to sway those concerns and the earnings call. you are still down double digits for tesla and this is the 12 month blended pe, 59...
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Apr 26, 2024
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stocks powering ahead today and this is six in large part to what we got on the earnings front, you had microsoft and alphabet. it really showed how ai is fueling growth. stocks are reversing, some of the softness from yesterday. we are seeing chinese tech, really stealing the limelight and hong kong markets headed for their best week since 2022. the yen is hovering flat against the dollar as we wait for what we get from the boj, let's take a look at stock market movers because i think that is what highlights how quickly sentiment can turn for some chip related names and how closely they are still tied to their u.s. peers and big tech names. yesterday, they slid and today recovering. let's look at jgb futures as well. as i said, we got data out of the u.s. overnight and that complicates things for the fed. it also puts pressure on treasuries that selloff, yields higher, reading into what we are seeing from japan, it's also about traders bracing potentially for the start of signals on quantitative tightening. we are anticipating hawkish signs because he has to keep the yen depreciation and check.
stocks powering ahead today and this is six in large part to what we got on the earnings front, you had microsoft and alphabet. it really showed how ai is fueling growth. stocks are reversing, some of the softness from yesterday. we are seeing chinese tech, really stealing the limelight and hong kong markets headed for their best week since 2022. the yen is hovering flat against the dollar as we wait for what we get from the boj, let's take a look at stock market movers because i think that is...
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Apr 26, 2024
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microsoft and google both performing pretty strongly. we've got s&p futures better to the tune of .75%. we saw nasdaq triple q etf that tracks the big tech names in positive territory. the yuan there against the greenback at the moment. we've got other futures looking to be in somewhat mixed territory. let's take a look at how some of these japanese assets are trading at the moment as well. also off the back of those impressive tech earnings from the u.s. the broader nikkei looking kind of flat at the moment. the yen very much in focus. not a lot of change. 155.61. but to give you some context on what we saw today, we got a real shocker. tokyo cpi for the month of april, that came in at 1.8% for the month. that was a big under shoot on the 2.5% we were expecting. that could potentially have implications for what we see with inflation nationwide in japan and the boj is holding its meeting today, or wrapping up its meeting today. the press conference from the governor will be really closely watched. we are not expecting any policy change,
microsoft and google both performing pretty strongly. we've got s&p futures better to the tune of .75%. we saw nasdaq triple q etf that tracks the big tech names in positive territory. the yuan there against the greenback at the moment. we've got other futures looking to be in somewhat mixed territory. let's take a look at how some of these japanese assets are trading at the moment as well. also off the back of those impressive tech earnings from the u.s. the broader nikkei looking kind of...
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Apr 25, 2024
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microsoft is around 30% cloud growth. i'm looking for google and aws to start to share a little more data and give us more visibility . but i love that microsoft came out and said this is how much of our azure growth is tied to ai. that says the company is comfortable, the deals are growing, enterprises are spending more with them and it is ai specific. paul: let's look at intel, some disappointing sales and profit numbers, but i understand you have in speaking with the ceo. did you hear anything that reassured you? >> intel is a multi-year investment play for a lot of investors looking for that short-term win. they have to understand the new segmentation, the products and foundry is all about becoming a critical infrastructure partner to the u.s. and the west for a supply chain resiliency, national defense, global technology and economic readership. i think intel has made the commitment. in the conversations we've had and he has shared publicly is that the company -- company has hit targets. it was a problem for a long t
microsoft is around 30% cloud growth. i'm looking for google and aws to start to share a little more data and give us more visibility . but i love that microsoft came out and said this is how much of our azure growth is tied to ai. that says the company is comfortable, the deals are growing, enterprises are spending more with them and it is ai specific. paul: let's look at intel, some disappointing sales and profit numbers, but i understand you have in speaking with the ceo. did you hear...
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Apr 25, 2024
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below in yellow and green, microsoft and google. microsoft up about 5% and google up about 11%. tesla is coming off of its bottom after a little bit of hope around the cheap ev. my point is meta's price to perfection, coming back to earth but what's ahead for microsoft and google because that result or meta, really weighing on both of these shares. microsoft is having its worst day since i believe october, 2022. more than a year depending so the key for microsoft will be where earnings and revenue come in. analysts are modeling mid teens growth which is pretty solid. the bigger deal could be azure will it come in at 28%? the ai copilot, what will that revenue spend look like. some analysts say it will be talked down in one analyst says for microsoft, it's about surviving and advancing. that may be the case for alphabet. google has an unusual circumstance relative to some of these other big tech companies. solid revenue growth over the last few quarters but into this first quarter of 2024, down 5.3% and that's not expected to end. the june quarter is expected to be down about 3%
below in yellow and green, microsoft and google. microsoft up about 5% and google up about 11%. tesla is coming off of its bottom after a little bit of hope around the cheap ev. my point is meta's price to perfection, coming back to earth but what's ahead for microsoft and google because that result or meta, really weighing on both of these shares. microsoft is having its worst day since i believe october, 2022. more than a year depending so the key for microsoft will be where earnings and...
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Apr 25, 2024
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microsoft and google reporting after the bell. those are pretty significant declines in the idea is we are worried on the back of meda's earnings, that all of this spend on ai infrastructure is not bringing some big boom in generative ai driven sales growth. actual software products that people use and companies make money from. this is bloomberg technology. ♪ (upbeat music) there's more to business than the business you're in. if you use data, that's the privacy business. manufacturing on demand? you're talking cloud business. got a few million hyper-connected customers? digital experience business. that was fast. that's where deloitte comes in. with the right combination of talent and technology to help advance and connect all that it takes to excel in business ... to the business i'm in. deloitte. starting a business is never easy, but starting it eight months pregnant.. that's a different story. i couldn't slow down. we were starting a business from the ground up. people were showing up left and right. and so did our busines
microsoft and google reporting after the bell. those are pretty significant declines in the idea is we are worried on the back of meda's earnings, that all of this spend on ai infrastructure is not bringing some big boom in generative ai driven sales growth. actual software products that people use and companies make money from. this is bloomberg technology. ♪ (upbeat music) there's more to business than the business you're in. if you use data, that's the privacy business. manufacturing on...
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Apr 25, 2024
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microsoft and alphabet ahead for earnings. meta-not setting a good stage. the outlook for tesla was good. interesting how these come in. the cloud unit, will they achieve the 28% growth many are expecting for alphabet their revenue is expected to decline for the first quarter by 5%. the traditional search business and of course ai and what makes this so interesting we have this two year yield almost at a 5%. despite the fact we have stocks down there is not fear. you could say the two year yield up another weight on investors as perhaps we are certain to think ahead to the fed next week. i don't think the fed will raise next week but nonetheless we color. when we put this together let's look at the chart we looked at yesterday sometimes it's helpful to do this and as a refresher this is the beautiful uptrend out of the october lows. if you were to put this in a longer chart you would see it's not quite parabolic but now we are starting to see over the last three weeks this decline down. they got pushed back down by resistance affecting the moving average. m
microsoft and alphabet ahead for earnings. meta-not setting a good stage. the outlook for tesla was good. interesting how these come in. the cloud unit, will they achieve the 28% growth many are expecting for alphabet their revenue is expected to decline for the first quarter by 5%. the traditional search business and of course ai and what makes this so interesting we have this two year yield almost at a 5%. despite the fact we have stocks down there is not fear. you could say the two year...
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Apr 25, 2024
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i'm looking forward to microsoft in alphabet. they are expecting to have updates on their ai efforts. maybe it is just for ai when you don't have these reality labs and metaverse, if that is set aside and it's just ai, how much would the stock be up? lisa: i feel bad for mark zuckerberg, he doesn't have the same call to personality that elon musk has. jonathan: he's cultivating. lisa: i'm wondering if he had -- he's gotten jack. at what point can he say something and people get excited about it the same way elon musk does? annmarie: fourth richest person in the world. jonathan: and lisa feel sorry for him. annmarie: i have the tiniest violin for mark zuckerberg. jonathan: let's talk about the data in an hour. u.s. first-quarter gdp data is due in 60 minutes. the bloomberg survey calling for a 2.5 percent rise over the previous quarter. we are looking at jobless claims and personal consumption data going into the next week. we will have pca, i federal reserve decision and we will be talking about payrolls next friday. if it took a
i'm looking forward to microsoft in alphabet. they are expecting to have updates on their ai efforts. maybe it is just for ai when you don't have these reality labs and metaverse, if that is set aside and it's just ai, how much would the stock be up? lisa: i feel bad for mark zuckerberg, he doesn't have the same call to personality that elon musk has. jonathan: he's cultivating. lisa: i'm wondering if he had -- he's gotten jack. at what point can he say something and people get excited about it...
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Apr 25, 2024
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can alphabet compete with the big boys, microsoft and aws? tom: breaking down the detail on the meta-story and investor disappointment around spending plans, setting us up for a big day of tech earnings. ai unicorns. a new generation of ai avatars. a ceo joins me for an exclusive conversation. later, eight a ceo joins me as they report revenue. we have interviews on gas and oil prices as well. stay with us. this is bloomberg. ♪ tom: welcome back to bloomberg daybreak: europe. ai unicorns and thieves yet is -- synthesia says so card -- so-called expressive avatars can react emotionally to what they are required to say resulting in more humanlike digital twins. the company saw the valuation hit $1 billion last year when it raised $90 million in funding. joining me is victor, the ceo. good morning and thanks for joining us. a major upgrade for you and the business. what are the use cases for this and what have clients said so far? it is early but what does this tell us about the ambitions of synthesia? >> what we are seeing so far, for the las
can alphabet compete with the big boys, microsoft and aws? tom: breaking down the detail on the meta-story and investor disappointment around spending plans, setting us up for a big day of tech earnings. ai unicorns. a new generation of ai avatars. a ceo joins me for an exclusive conversation. later, eight a ceo joins me as they report revenue. we have interviews on gas and oil prices as well. stay with us. this is bloomberg. ♪ tom: welcome back to bloomberg daybreak: europe. ai unicorns and...
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Apr 24, 2024
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tomorrow, microsoft and google, down. alphabet, i should say. down. we will be watching these reports for growth on stimulus and in the economy with the ai factor. sonali: a lot of signals to pay attention to. thank you. we discuss it now with christina uber. a chief market strategist. what are the signals telling you? christina: relatively good. we have seen some anomalies but that speaks to customer basis. we had one customer service company sharing that they saw consumer weakness. for the most part, a good earnings season. enthusiasm about tech. i think we will continue to see some relatively good earnings reports. sonali: every other day the market is looking for direction. knowing what we know about data and where equities are heading, how do you start to perhaps change the way you are approaching the market? kristina: we have to think of this as a unique and short-term phase. it's a holding period where we are waiting for signs around what fed policy will be like this year. having said that, most investors have a longer time horizon. it is impor
tomorrow, microsoft and google, down. alphabet, i should say. down. we will be watching these reports for growth on stimulus and in the economy with the ai factor. sonali: a lot of signals to pay attention to. thank you. we discuss it now with christina uber. a chief market strategist. what are the signals telling you? christina: relatively good. we have seen some anomalies but that speaks to customer basis. we had one customer service company sharing that they saw consumer weakness. for the...
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Apr 24, 2024
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it's a different ai story to microsoft, to google. that is next week. is there a commonality between those two names and this earnings season you are focused on? dan: it is the ability to apply the ai technology being developed driving the revenue, driving the margin enhancement, creating stickiness on the platforms. we know the search market is going to be disrupted. attribution, click through. people spending time on social platforms, ai is only making it stickier. you have to like that a lot. i love what they are doing in terms of building their own technology. the company has become the open tech company. who would have thunk in the world of apple and metal -- meta that meta would double down on going open. they are building robust models with llama 3, and now with horizon they are doing it with ar nvr. we will be the open platform for developing these next-generation technologies. there is a lot to like. the one concern i have is that on a year-over-year basis they have grown so fast that the expectation from the street -- they could have a great q
it's a different ai story to microsoft, to google. that is next week. is there a commonality between those two names and this earnings season you are focused on? dan: it is the ability to apply the ai technology being developed driving the revenue, driving the margin enhancement, creating stickiness on the platforms. we know the search market is going to be disrupted. attribution, click through. people spending time on social platforms, ai is only making it stickier. you have to like that a...
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Apr 24, 2024
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microsoft and alphabet are coming up this week. meta tonight. that stock up 133% in the last year. katie: abigail doolittle, thank you so much. stay tuned. natural gas could hold the answer to the issue of access in the energy transition. that is next. this is bloomberg. ♪ how am i going to find a doctor when i'm hallucinating? 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. abigail: this is bloomberg markets. coming up, john lawler joins bloomberg tv at 4:00 p.m. new york time. this is bloomberg. ♪ katie: time for the daily wall street we conversation. energy has been among the more affected spaces as tensions have notched higher in the middle east and ukraine. in an interview with david westin, new fortress energy ceo wes eaton's talks about the effect of the geopolitics on the energy transition and particularly on natural gas. wes: there is 400 million tons of production the world that will double the next couple of years. you have the ukrainian-russian wor
microsoft and alphabet are coming up this week. meta tonight. that stock up 133% in the last year. katie: abigail doolittle, thank you so much. stay tuned. natural gas could hold the answer to the issue of access in the energy transition. that is next. this is bloomberg. ♪ how am i going to find a doctor when i'm hallucinating? 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....
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Apr 24, 2024
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microsoft is trying to develop that. it is still early days, but if they can do that, they will be usually successful. jonathan: yesterday we heard from tesla. we will hear from others. here is tomorrow morning. we will speak to bob and catch up with the cfo. looking forward to all of that. pushing ahead to a federal reserve decision about a week away. 34 minutes away, equity futures holding on to positive territory. coming off the back of gains in the biggest going back to months. lisa is working the late shift this afternoon. yields up five basis points. live from new york city, this is bloomberg surveillance. ♪ 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
microsoft is trying to develop that. it is still early days, but if they can do that, they will be usually successful. jonathan: yesterday we heard from tesla. we will hear from others. here is tomorrow morning. we will speak to bob and catch up with the cfo. looking forward to all of that. pushing ahead to a federal reserve decision about a week away. 34 minutes away, equity futures holding on to positive territory. coming off the back of gains in the biggest going back to months. lisa is...
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Apr 24, 2024
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we work with sap and microsoft. we will definitely be working with some of the startups. what we are doing is actually creating an operating system. that's why we named the company as ai on os. that os will integrate what is already available. we are not here to reinvent everything. i'm very happy that there is so much recognition that ai with human touch -- that's what we are all about. paul: so where does india have an advantage in the ai space? how much money is there to be made in the sector? >> you know, ultimately we are healed -- here to build an institution. we are here to create a service which appeals to our customers, to our own people, and which is also relevant. so i'm sure there's a net business effect. at this stage, we are having fun creating it as an institution. this word means everlasting. i believe we are creating a great institution. paul: are there potentially some risks here as well? places like india, the philippines. a lot of coding and call center work happens there. do you think generative ai is threatening jobs in these industries? >> i mean th
we work with sap and microsoft. we will definitely be working with some of the startups. what we are doing is actually creating an operating system. that's why we named the company as ai on os. that os will integrate what is already available. we are not here to reinvent everything. i'm very happy that there is so much recognition that ai with human touch -- that's what we are all about. paul: so where does india have an advantage in the ai space? how much money is there to be made in the...
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Apr 23, 2024
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>> they remain a pioneer in cloud at microsoft. they continue to see tremendous value from what aws offers. they are innovating and generative at the chip level by offering a variety of models and services. we see improving growth as the year progresses. there is still customer optimization of workloads going on but when we think about the growth drivers underneath amazon web services, they continue to broaden and i think the perception around the durability of this platform will continue to improve later this year into 2025. we continue to like the name there. sonali: there is a lot of optimism and is not just from you, market has shown they are ready to get back in and investors are starting to nip at a lot of these stocks today even before they are reporting earnings. how do you feel about perhaps places that are a little overbought? are there any areas you wouldn't it into yet? >> we are watching a lot how these companies navigate the crosscurrents in the near term. we talked about amazon and we will see how microsoft does late
>> they remain a pioneer in cloud at microsoft. they continue to see tremendous value from what aws offers. they are innovating and generative at the chip level by offering a variety of models and services. we see improving growth as the year progresses. there is still customer optimization of workloads going on but when we think about the growth drivers underneath amazon web services, they continue to broaden and i think the perception around the durability of this platform will continue...
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Apr 23, 2024
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i think we do need to see a lot of these larger names, microsoft, amazon, google, meta. they need to come out and show us they continue to grow at the pace they can grow and show that free cash flow growth so people can continue to rely on them for that quality growth. ed: do you get the sense, ok, this is the quarter where we look past the ai hype and start again to look at fundamentals? did you have earnings growth? how is your free cash flow? traditional boring things like that? >> i think it will be a combination of both. in terms of you have to produce those numbers come this fundamentals are going to matter, but everybody wants to look at the future and say, well, can you continue to produce those quality numbers that we have seen? so ai continues to be a tailwind. everybody wants to see production out of it. and for the continuance of that revenue and earnings growth. caroline: when you are seeing such a run-up in big tech of late come how much are you thinking about the macro, thinking about the data we got today? >> i think america always contributes to the over
i think we do need to see a lot of these larger names, microsoft, amazon, google, meta. they need to come out and show us they continue to grow at the pace they can grow and show that free cash flow growth so people can continue to rely on them for that quality growth. ed: do you get the sense, ok, this is the quarter where we look past the ai hype and start again to look at fundamentals? did you have earnings growth? how is your free cash flow? traditional boring things like that? >> i...
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Apr 23, 2024
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microsoft and alphabet. meta and microsoft, alphabet, to some degree on earnings very solid growth. meta, looking at 66% year-over-year growth for earnings. let's put all of this strength the last few days into the context of a chart we looked at before. this is the nasdaq 100. you can see the uptrend started to break. this is when the buyers became less confident. the sellers a little stronger. below the 100 day moving average. today, back above it but this area is pretty heavy looking so it will be pretty important to monitor this to see whether or not these bowls can continue -- bulls can continue. i suspect it may not last but let's wait until all the earnings to come out. katie: it will be fun to watch those lines move around potentially over the next two weeks. abigail doolittle, thank you. coming up, global cooperation in infrastructure investment. the president of the asia infrastructure investment bank tells us how banks work together to address issues such as climate change. this is bloomberg. ♪ (upbeat music) there's more to business than the business you're in. if you
microsoft and alphabet. meta and microsoft, alphabet, to some degree on earnings very solid growth. meta, looking at 66% year-over-year growth for earnings. let's put all of this strength the last few days into the context of a chart we looked at before. this is the nasdaq 100. you can see the uptrend started to break. this is when the buyers became less confident. the sellers a little stronger. below the 100 day moving average. today, back above it but this area is pretty heavy looking so it...
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Apr 23, 2024
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the tesla-apple story very different from the microsoft story. jonathan: also the negative -- also the not so magnificent magnificent seven. tesla and apple both down double digits year to date. those names speak to the struggle for u.s. tech firms in china. annmarie: it is a huge struggle for tesla and apple. apple, the data we got is they are seeing weakness in china. it comes as china was celebrating the lunar new year, when people would usually go out and buy things. huawei sales are up 70% while apple is down 19%. the demand is there. the issue is doing business in china. lisa: i am more interested in the 493. that will give you more of a sense of where the consumer is at. the likes of gm, the likes of ups, these are interesting stories. the story they tell together is confusing. good luck with that. it gives you a sense of the crosscurrents and the different cycles we keep getting. lisa: equity futures -- jonathan: equity futures positive .2%. yields higher by three basis points. 10-year 4.6436. coming up, morgan stanley's mike wilson. matt
the tesla-apple story very different from the microsoft story. jonathan: also the negative -- also the not so magnificent magnificent seven. tesla and apple both down double digits year to date. those names speak to the struggle for u.s. tech firms in china. annmarie: it is a huge struggle for tesla and apple. apple, the data we got is they are seeing weakness in china. it comes as china was celebrating the lunar new year, when people would usually go out and buy things. huawei sales are up 70%...
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Apr 23, 2024
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operations, a complicated deal involving microsoft and oracle. this case is the opposite. they are not working anything out or contemplating the option seriously. there are a few reasons. they see elections in the united states or in november and they no changes in the administration can change their fate in the political outlook. the business in the united states is much bigger than it was four years ago. there's about hundred 70 million users -- 170 million users in the u.s. and they are generating a lot of revenue and they feel like they could take this to the courts, they can sue to stop legislation, they can get a temporary stay and play the long game to see whether they can be this out. annabelle: and the long game perhaps could involve exiting the u.s. market for a time, but can tiktok survive given the u.s. is such a key market now? >> and -- that's a very good question. i think they look at it this way. if they sell u.s. operations to somebody else, they lose that forever. whereas if they shudder operations to fight in court, they have an opportunity to regain the
operations, a complicated deal involving microsoft and oracle. this case is the opposite. they are not working anything out or contemplating the option seriously. there are a few reasons. they see elections in the united states or in november and they no changes in the administration can change their fate in the political outlook. the business in the united states is much bigger than it was four years ago. there's about hundred 70 million users -- 170 million users in the u.s. and they are...
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Apr 22, 2024
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nvidia is doing a bit better and obviously microsoft will be an important one later in the week. the price action at the moment it's pretty unconvincing at this stage. we have been oversold. sentiment has gotten beaten up. i would need more bounce from the risk assets to give me that signal and it hasn't happened. so i am still a bit cautious and i think will sell into this rally in the short term. annabelle: [laughs] i like the turn of phrase, because in the doghouse. absolutely true when you look at the stock slide. . what will come out of the earnings call to make you turn a bit more positive, do you think,? chris: i will be following the price action. if you start to see some volume coming back into the name, then we can look for a counter move and perhaps the shorts could push is higher. i reckon we have never seen a situation where the stock is down eight days in a row. we have had four in occasions where it has been done seven days in a row and it has snapped back. but we haven't had this prior to earnings, that is the key differential. the sentiment towards tesla and arou
nvidia is doing a bit better and obviously microsoft will be an important one later in the week. the price action at the moment it's pretty unconvincing at this stage. we have been oversold. sentiment has gotten beaten up. i would need more bounce from the risk assets to give me that signal and it hasn't happened. so i am still a bit cautious and i think will sell into this rally in the short term. annabelle: [laughs] i like the turn of phrase, because in the doghouse. absolutely true when you...
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Apr 22, 2024
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microsoft decent relative to the single digits for many quarters for a lot of big tech companies at 16.1%. take a look at tesla. the stock is down more than 40% on the year. earnings are expected to decline by 29%. we have news coming out the company has decided to disband a newly created marketing unit for the purposes of ads. now that unit is no longer around. tesla deeply and cost-cutting mode. we will be waiting for more on that on tomorrow's earnings call. katie: abigail doolittle, thank you so much. regulation for stablecoin is getting a fresh push in congress. it may not be enough to address national security concerns. tim massad joins us next. this is bloomberg. ♪ how am i going to find a doctor when i'm hallucinating? 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. abigail: this is bloomberg markets. i am abigail doolittle. your looking at a live shot of the principal room. that is coming up at 12:00 eastern and 5:00 london. this is bloomberg. ♪ katie: it is
microsoft decent relative to the single digits for many quarters for a lot of big tech companies at 16.1%. take a look at tesla. the stock is down more than 40% on the year. earnings are expected to decline by 29%. we have news coming out the company has decided to disband a newly created marketing unit for the purposes of ads. now that unit is no longer around. tesla deeply and cost-cutting mode. we will be waiting for more on that on tomorrow's earnings call. katie: abigail doolittle, thank...
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Apr 22, 2024
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thursday, google and microsoft. lisa: it's going to be interesting to see whether even a beat is a disappointment to market because so far that has been the tone. we've gotten the biggest selloff going back to late 2022. have we already priced out that potential disappointment set out for a positive upside surprise, or is this a pivot point at a time and a lot of uncertainty? jonathan: let's talk about tesla. downline 2.4% this morning. more than 40% year-to-date and we start this week with another round of price cuts. annmarie: a string of bad news is coming to tesla and some -- tomorrow they are supposed report first revenue decline in four years. a challenging earnings call for elon musk. not just the cuts. across the board, china, europe and the u.s., but also the job cuts. the fact that they are trying to basically pin the future on this robotaxi that remains a ton of questions. lisa: i keep thinking to myself is this really a situation of a car company that is trying to mask itself as something else, and our p
thursday, google and microsoft. lisa: it's going to be interesting to see whether even a beat is a disappointment to market because so far that has been the tone. we've gotten the biggest selloff going back to late 2022. have we already priced out that potential disappointment set out for a positive upside surprise, or is this a pivot point at a time and a lot of uncertainty? jonathan: let's talk about tesla. downline 2.4% this morning. more than 40% year-to-date and we start this week with...
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Apr 22, 2024
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tesla, microsoft, meta, and alphabet are all do. >> we are hearing it is all big tech. >> big tech has great balance sheets with a lot of cash and little debt. >> companies generating extraordinary amounts of cash flow are still doing well. >> tech is a big part of the quality story. >> looking out 1, 2, three quarters, it will start running out. >> you cannot just have tech doing well. >> it will be a good distraction for the market, to have a look at what is going on to see whether the valuations are supported by the fundamentals. haslinda: big tech, big expectations. let's get analysis with our mliv strategist in singapore. mark: the post-survey focused on the risks coming from treasury yields may be reaching 5% as the biggest factor which may weigh on earnings in the earnings season. slightly less worried about the ai impact. so companies would not come through on these wonderful promises of where ai is going in terms of her earnings. most of the survey was done before and video dropped 10%. as we go into the period where most of the magnificent seven reporting this week, people wi
tesla, microsoft, meta, and alphabet are all do. >> we are hearing it is all big tech. >> big tech has great balance sheets with a lot of cash and little debt. >> companies generating extraordinary amounts of cash flow are still doing well. >> tech is a big part of the quality story. >> looking out 1, 2, three quarters, it will start running out. >> you cannot just have tech doing well. >> it will be a good distraction for the market, to have a look at...
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Apr 21, 2024
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big tech, tesla, microsoft, meta, alphabet will kick off earnings. investigators -- investors will look for ai to rebound and slumping u.s. stocks, not a great week for the s&p. meta is expected to show strong revenue growth and almost double net earnings from a year ago. tesla fell for the first time since 2020 after its largest delivery drop on record. a busy earnings week in asia, led by sk hynix. the south korean company will probably beat consensus on operating profit thanks to a dominating market share in high-bandwidth memory chips. bank of japan has a policy decision in focus and it is expected to keep rates on hold after delivering the historic hike last month. bank of indonesia might deliver a hike wednesday to put a floor under the rupiah. we will be watching chinese commercial banks probably keep their loan prime rates unchanged following the pboc's hold this month. in the u.s., economists think gdp growth may have slowed in the first quarter. the feds inflation gauge sit -- stayed elevated. ahead of the release of u.s. data, fed official
big tech, tesla, microsoft, meta, alphabet will kick off earnings. investigators -- investors will look for ai to rebound and slumping u.s. stocks, not a great week for the s&p. meta is expected to show strong revenue growth and almost double net earnings from a year ago. tesla fell for the first time since 2020 after its largest delivery drop on record. a busy earnings week in asia, led by sk hynix. the south korean company will probably beat consensus on operating profit thanks to a...
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Apr 19, 2024
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understanding how they can follow the footsteps of microsoft that has been pretty savvy and expressive it all they will price their ai offering to their consumers. another piece buried in this a little bit and where i would be looking for this in the earnings calls, not necessarily the headlines our players are trying to move and partner with the likes of disney and others to try to figure out a way to move more aggressively into using ai for the advertising technology. something touched on by netflix. that is what we will hear get louder and louder with the likes of amazon talking about the platform inside its content business. sonali: we are looking at the lowest levels for the nasdaq 100 since january. hitting session lows as we speak. ann berry, thank you for your time. threadneedle partner from seattle. we will talk about american express. revenue jumped as consumer spending stay strong, but the company still sees cracks in small businesses. this is bloomberg. ♪ ♪ you know what's brilliant? boring. think about it. boring is the unsung catalyst for bold. what straps bold to a r
understanding how they can follow the footsteps of microsoft that has been pretty savvy and expressive it all they will price their ai offering to their consumers. another piece buried in this a little bit and where i would be looking for this in the earnings calls, not necessarily the headlines our players are trying to move and partner with the likes of disney and others to try to figure out a way to move more aggressively into using ai for the advertising technology. something touched on by...
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Apr 18, 2024
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it is actually going to be microsoft. microsoft positions it tells in terms of ai and the monetization of ai. their outlook statement there, their performance in that sphere tells you and sets the bar for everyone else. if they are struggling, it tells you that there is pain for others for sure. katie: as you point out, they report in a couple of hours. it is such an interesting business right now. and then there is netflix, the clear leader. how long do you think that headstart, that gap on the rest of the field will actually last? >> they definitely are the leader. they are definitely looking over their shoulder. that space is a lot more crowded with genuine competition than five or so years ago. within that, i think netflix remains best in class and they have the best tools in their toolkit to maintain that edge. they are actually ahead in terms of original content creation as well as the local productions. i'm talking about production distribution lines that they have in other countries and local language content is a
it is actually going to be microsoft. microsoft positions it tells in terms of ai and the monetization of ai. their outlook statement there, their performance in that sphere tells you and sets the bar for everyone else. if they are struggling, it tells you that there is pain for others for sure. katie: as you point out, they report in a couple of hours. it is such an interesting business right now. and then there is netflix, the clear leader. how long do you think that headstart, that gap on...
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Apr 18, 2024
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bloomberg understands microsoft's investment in openai is set to avoid a formal investigation by merger watchdogs. the commission decided it does not merit a probe because it bullish short of takeover and microsoft does not control direction of the ai company. the owner of the royal mail rejected a cash bid from daniel because it undervalues the company shares in international distribution services. remained well below the offer price. they say the approach does not reflect prospects under the new management team. plenty more, we will focus on inflation and give you detailed around the oil space as well. this is bloomberg. ♪ ♪ >> what we've seen over the first few months of 2024 is progress on inflation has slowed down and i expect maybe it has even stalled. we are seeing the process of disinflation. share prices have dropped because unique energy household pricing system in the u.k.. tom: that is one of the most interesting pieces of rhetoric over the last week and it is backed by the data. we are seeing a divergence on the relatively benign picture around u.k. inflation versus u.s
bloomberg understands microsoft's investment in openai is set to avoid a formal investigation by merger watchdogs. the commission decided it does not merit a probe because it bullish short of takeover and microsoft does not control direction of the ai company. the owner of the royal mail rejected a cash bid from daniel because it undervalues the company shares in international distribution services. remained well below the offer price. they say the approach does not reflect prospects under the...
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Apr 18, 2024
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the biggest companies in the world like microsoft and amazon and google trying to catch up on ai, trying to get to the cutting edge. everything is about ai. then we get the numbers from asml saying, yeah. it's not happening yet. so it's a shocker when we saw those numbers today. is the smc going to confirm that the ai spend is going to be slower than we thought it might be? are they going to say the numbers are one and done? asml said, it's going to happen this year. it's just not going to happen this quarter. we want to get confirmation here. there was a really dramatic result this morning. generally, the market believed it's going to happen sooner, not later. a bad result from tsmc or commentary that suggests we will have to wait. indeed, we are seeing little pieces of this. we are seeing rumors of delays of intel factories in columbus. i've been to those building sites and they are building a lot. it's going to happen more slowly than we might've expected. so the pace of the buildout will be maybe not confirmed but there will be a lot more data. we will have a second thought to connec
the biggest companies in the world like microsoft and amazon and google trying to catch up on ai, trying to get to the cutting edge. everything is about ai. then we get the numbers from asml saying, yeah. it's not happening yet. so it's a shocker when we saw those numbers today. is the smc going to confirm that the ai spend is going to be slower than we thought it might be? are they going to say the numbers are one and done? asml said, it's going to happen this year. it's just not going to...