Focus is talk of a zuckerberg cage fight heats up. Plugging a 48 billion dollar blackhole, Artificial Intelligence could fuel a rebound at softbank is the japanese conglomerates vision fund seeks to snap five quarters of losses. We go live to lisbon as a key leader response to portugals probe into a European Telecom giant. First, lets get a quick check on the markets, the nasdaq 100 is basically flat, up 0. 4 . The tesla news sees the tesla declines accelerating and dragging down. The yield on u. S. 10 year treasury is below 4. 2 . That has been the story, the selloff in bonds and the push higher in yields and its impact to the equity market. Apple is down for a fifth consecutive day. We had earnings last thursday and now we are worried about the labor market and later we will bring you details of this. Valentines down and thats a stock thats getting more than 130 since its last earnings were word. The streak expects one cent of earningspershare. The name we are watching so closely, th
Good morning. This is bloomberg daybreak europe. Im lizzy burden in london. Stocks in asia higher after an upbeat day on wall street. U. S. Job status according the case for rate cuts this year. The u. K. , Andrew Bailey opening the door to a possible cut next month. The u. S. Set to impose tariffs on chinese electric vehicles and strategic sectors in a sweeping decision to be unveiled by President Biden as soon as next week. Benjamin netanyahu says israel will fight on in gaza with or without u. S. Support. This as washington threatens to withhold more bombs if her offerh rafah is invaded. Its been a good month for stocks and bonds after the stumble we saw in april. Yesterday, the s p top 5200. Less than 1 of its alltime high. U. S. Jobless claims jumped to their highest level since august, beating estimates and reinforcing bets on fed rate cuts. Today, futures pointing to an even higher [inaudible] on both sides of the pod. You can see the impact of the u. S. Data on other areas of t
Officials in japan, suzuki saying that thet are aiming for wage growth. It was in contraction territory for the 24th straight month. This week it has been the continued slippage in the japanese yen now trading, above the 155 mark. The question of how long if we did indeed see intervention twice last week which does appear to be the case how long that will last in the market. Today we have the nikkei 225 coming on to the upside. Wall street overnight had signals of positivity. We had weaker than expected initial jobless claims. It really backs the case that the fed can cut rates later this year. Nikkei up zero. 4 . Lets look at how the korea how korea is sharing a bank. The korean won looking for more against the dollar how korea is [crowd cheering]. The korean won looking firm or against the dollar. Haidi in sydney we had a giveback of the recent gains, the 5session winning streak. Retail is dragging. This meant lower on the session. But a bit of a bounce back there, 0. 1 higher. We ha
Welcome to daybreak australia. I am haidi stroudwatts in sydney. Annabelle i am Annabelle Droulers in hong kong. In the top stories this hour, asian stocks primed for gains after an upbeat day on wall street was job data supporting the case for fed rate cuts this year. Around 600 Japanese Companies as well report earnings later today. Haidi president xi pledging fresh investment in hungary as he receives backing for beijings pushback against overcapacity claims. Annabelle we are to the bloomberg tech summit as Silicon Valley leaders talk ai and much more. We will hear this out from snap ceo. Kicking off with breaking news this morning, we have perus central bank making its Rate Decision as forecast by most economists. We are seeing that cut coming through to 5. 75 earlier at 6 . We did action have a decline last month in Consumer Prices that sort of green lit what has been a secondquarter point reduction here but inflation last month slowing to 2. 42 in line with the Central Banks targ
Visionaries driving change in Silicon Valley and beyond. Caroline we will be speaking with the seals of arm and more as part of our special. Ed we will push ahead to our keynote speakers later today that include evan spiegel and more. Artificial intelligence is probably the overriding theme of the event. It is ai everything, even in some cases if you are not an ai company. Caroline if you are not the ai company, you will think about how you can adapt to it and bring out the productivity. How do we live up to the hype . The valuations are extraordinary. They have been heavy in the public markets. We have seen real use cases. Ed these events are always very interesting and very engaging. Everyone is very positive. In the background there is a talent wall and people are running out of cash. We have to ask difficult questions. Caroline and geopolitics. How are you navigating the issue of china as well. So much talk about. Here in the now we are talking about one key infrastructure plane wh