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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
04/24
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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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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 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 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 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
04/24
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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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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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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 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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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 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
04/24
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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...