Senator bill haggerty of tennessee. Caroline we will sit down with the ceo of wiz to talk m a valuations. Before we get to private markets lets get to the public ones. A little bit of nervousness ahead of the allimportant for decision tomorrow. Some chips coming off the table as we try to digest how far and fast the magnificent seven nai has taken us. Thats a crowded trade over at bank of america. Those majors fall but we are seeing the two year yield come down for basis points. Generally the macro picture has been inflationary pressures. Where will we see the dot plot, the signaling of have any rate cuts will come this year . Three . Two . The dollar still stronger versus the japanese yen. Finally that era of negative Interest Rate policy is off the table. Arbery seeing rate hikes . That has not been signaled by the boj. The dollar higher by a percentage point. Look it was happening in crypto. From the highs come the lows and we will see a dialing back. Flash crashes happening on some
Of crypto and we speak to the ceo of the scanning cryptocurrency project world coin. Nasdaq 100, very tech heavy index, add session lows, down more than 2 . We had hot labor market data, the treasure issuing debt, that is weighing on things and earnings story at the center, you think about semiconductors in particular, the stoxx or philadelphia index underperforming, down 4 , double the decline of index, the biggest drag amd. We will get to that in the second. U. S. 10 year yield above 4 and bitcoin moving back above 29 thousand u. S. Dollars, the token we will focus on crypto halfway through the show with sonali basak. The earning story, two names in particular, to start with amd, it beat on the top expectations in the quarter gone, sides of recovery in the pc market, a longterm projection about the Market Opportunity for them in the context of ai and Ai Accelerators. I will be joined later in the show to go through the numbers and talk where amc sits in the ecosystem. Then pinterest,
Bloomberg daybreak europe. I am Tom Mackenzie in london. The ai fueled really rolls on, nvidia delivering on the high, reporting results beating already lofty expectations. Shares a surge in after hours trading. The industry is going through a major change. Let me give you some perspective on the importance of the transformation. The next Industrial Revolution has begun. Tom u. S. And european futures point higher on renewed tech optimism. Fed an policymakers rallying around the higher for longer view on the rates, plus the ukip hopes for brighter days ahead, staking his political future on an improving economy as he calls a surprise summer general election. Labor leader keir starmer says it is time for change. Lets check on these markets, it is a risk on an thank you to nvidia for that. Looking past the fed minutes and hawkishness of baked into those comments, nvidia and to be coming through for the First Quarter and forecasts around the Second Quarter propelling the momentum in europ
Earnings this week. Of course, the dow jones flirting with the 40,000 level. Down but pretty much flat on the day. We will keep an eye on that throughout the day. We have yields to keep an eye on. Above 482 start the week to move about one basis point. Bitcoin on the rise. We have some Risk Appetite today. Gold spa Still Holding on with a bid of about 1. 5 . We have some movers under the surface. Shares soaring after announcing a treatment with the same active ingredient as another weight loss drug for 199 a month that undercuts big pharma by as much as 85 . Dozens of other telehealth, but companies have been trying to tap into the weight loss drugs. We are looking at Grayscale Investments because Michael Sonnenshein is stepping down and Peter Mintzberg from global sucks global Goldman Sachs will be taking over. Feet yet has seen billions in outflows since the launch of the queen etfs. Back to the fed, the higher for longer narrative, he had this to say this morning with Michael Mckee.
Amd disappoints. Caroline we sit down with the ceo of pinterest as revenue surges. Lets check in on these markets. A little bit of nervousness ahead of the fed when jay powell comes, bouncing off of our lows but of course more broadly technology dragged low by those earnings and the read across down by 2. 5 on the stocks. Youll be digging into one of the ultimate names pulling down the key chip index. The 10 year yield catching a bid. Now they are catching a bid because we see the u. S. Treasury upping its supply in the coming quarter but notably we have seen some worrying signs when it comes to economic data. The price paid still on the upside. How much we are seeing a cooling or studying of the economy. Saw some weaker jobs data. Moving whats happening in terms of the individual movers. From a crypto perspective, bitcoin down 4. 3 on the day. 57,000 we currently trade. What are you seeing on the micro . Ed lets talk with start with amd. A big move lower despite upgrading the forecast