Rally, hence why we are looking at 5800 level on the china index and puts us back at the start of the year. And tilt coming through. 10year yield at 30. And three cuts. Only three cuts and swaps market and still looking at that. 60,000 level, trading at 57,000 level. That is one watch when it comes to bit coin and ai and no we have the bodes well with the fed and what is markets are listening. And are 7 to 6 to 3. And have we seen a view when it comes to yields. Does it yield . The dots we are showing, a lot of fed speakers coming through on thursday and friday. Speaking of central bankers, starting right now and we will be speaking tomorrow, not wasnt they did anything and probably at the peak and may start cutting rates first half of next year. They may not do anything the first half of and the peak rate was at five points. So, that was a bit of a downward and even though they are hawkish. And had comments they may look at this independently. But there is that side of the market not
The team working on the project were told the iphone giant was shifting its focus to ai. In fact, some of the people who worked on the car will be moved to apples Artificial Intelligence division thats according to bloomberg while those who cant find jobs elsewhere in the company, they face lay offs. Apple shares rose nearly 1 on the news. As one tech analyst put it, by abandoning its dream to transform the auto industry, it will increase pressure on apple to do something profound in the area of Generative Ai. Staying with tech, and people tend to associate Us Company Nvidia with chips and Artificial Intelligence but not necessarily with retail. Azita martin leads nvidias ai initiatives for the retail industry, including Generative Ai that can produce content like text, images or other data when prompted. Our north America Business correspondent erin delmore asked her about how ai is changing the Shopping Experience for customers, both in store and online. Ai enables you to really have
The us tells nvidia to take its chips off the table as washington bans the company from exporting some of its products to china. And Pakistan International Airlines Cancels more than 300 hundred flights, as the National Carrier struggles to pay for jet fuel. Welcome to World Business report. Im lukwesa burak. Lets start with the tech giant nvidia, which says the us has told it to stop shipping some of its advanced Artificial Intelligence chips to china immediately. The ban was originally set to come into place in the middle of november, but has been moved forward by the white house. The new restrictions bar exports of nvidias advanced ai chips, which had been designed for the Chinese Market to comply with earlier export regulations. Michelle fleury is in new york for us. Is this more to for tat between the us and china or could this be something far more significant . I think you have to look at whats going on here, china and us to have the biggest economies are in a Battle Over Future
Nvidia or china who will be hurt most by this, or neither . I nvidia or china who will be hurt most by this, or neither . I think what america most by this, or neither . I think what america is most by this, or neither . I think what america is trying most by this, or neither . I think what america is trying to most by this, or neither . I think what america is trying to do most by this, or neither . I think what america is trying to do is l what america is trying to do is prevent china from getting this technology, or at least slow down its ability to grow its own industry, so they are trying to stop the transfer of knowledge, if you like, as well as the products. And we are seeing Companies Get caught in the middle of this battle between these two huge economic superpowers. Nvidia as you pointed out, is a leading chip maker, particularly when it comes to ai chips, and it has specifically tailored a product of the Chinese Market that complied with existing export curbs that the us had