Listing day. 14 billion goes to micron from the chips act to boost americas memory chip prowess. There is only one story that matters right now and it is meta. You see the share reaction to mosque zuckerberg outlining billions of dollars to building out Ai Infrastructure. Expenses, arrange raised, capex raised. The focus of the call was on the product cycle. How many years will it take for this investment to would materialize in sales growth. Thats the question on the stock is on track for biggest drop since october of 2022. Remember how well its performing yeartodate. Look at the market cap, the scale of this company but also the market cap lost. The reporting from kurt wagner and the analysis from analyst mandeep singh. Mark zuckerberg was cognitive on this call but what he tried to do was say trust me end bear with me ive got a plan for ai to have an impact on the existing business. Explain what we learned. Kurt he was saying this is not anything thats going to return to shareholder
Smart home device and generative alexa. We discuss with david lynn. Ed we are going nowhere on any asset class related to technology or otherwise. It is fed day and we will have special coverage of that decision later this afternoon. Basically the market sees them holding rates steady. Nasdaq 100 completely flat. Nasdaq Golden Dragon index had been outperforming, up a few tenths of 1 . We will talk about u. S. China relations in the context of tech later in the show. U. S. 10 year yield, for 3 . Bitcoin at 27,000 u. S. Dollars per token. This is the definition of treading water ahead of the big fed decision. Caroline all eyes on the macro. Go micro for a moment, the stock movers are interesting. There are updates from Certain Companies and im looking at the likes of intel for example, has been paring an earlier decline but notably we are seeing currently off by more than 2 . This is maybe the invasion day did not live up to expectations and particular we wanted color around 18 a chips.
Members defy u. S. Threats invoked by a huge majority against its recognition of jerusalem as israels capital. Hello im Maryam Namazie in london youre watching aljazeera also coming up the counting in catalonia without any results suggesting pro secession parties could be set to hold on to their majority in parliament who is president defends himself as he faces impeachment proceedings in congress. And the u. S. Imposes sanctions on those accused of Human Rights Violations against the ranger and others. Thanks for joining us our top story the United Nations General Assembly has voted by huge majority to declare u. S. Recognition of jerusalem as israels capital knol and void hundred twenty eight members voted for the resolution with just nine against and thirty five abstentions countries who sided with america was israel guatemala honduras Marshall Islands micronesia now roup allow and togo reactions have been swift and uncompromising a spokesman for the palestinian president Mahmoud Ab
Brussels today for a Council Meeting with fellow european financial leaders. He hopes to use the opportunity to build on the momentum of brexit talks and for the u. K. To make its message clear at the World Economic forum in dollhouse davos. Open for business and we are keen to discuss with about future relationships and britains role in the Global Economy in particular, londons role in the financial economy. He admitted that brexit was caused because of future trading with european partners. Mark global news, 24 hours a day, powered by more than 2,700 journalists and analysts in more than 120 countries. I am mark crumpton. This is bloomberg. Shery i am shery ahn. Vonnie and i am vonnie quinn, welcome to Bloomberg Markets. From bloomberg world headquarters, here are the top stories around the world that we are following. Live from davos at this hour, what he expects from nafta talks in montreal. And are we heading towards another financial crisis . We get insight from to bank giants. P
First, to our lead. A shakeup for the Leadership Team at twitter. The ceo has resigned from the company to take the ceo position at a thing tech startup. Ch startup. T a finte work cut out for him. He will feel a Leadership Void that has existed since the cofounder resigned as ceo last year, amid activations of Sexual Harassment. We got all the details from selina wang. That delivers a blow to twitter, especially just at the very early beginnings of their turnaround strategy. Several analysts upgraded their company. They are finally showing revenue and user growth. Noto did put in place much of the structure they needed to continue this turnaround. Some sources have said that this could provide a Good Opportunity for jackson. He and noto havent always agreed on product division. This could be a way for him to pursue other paths that havent been possible. Tweet. There was a one of my favorite commentaries is that twitter now house three interns and a parttime ceo. But talk about the log