26 Burst results for "Hynix"
Bloomberg Radio New York
"hynix" Discussed on Bloomberg Radio New York
"Markets opening up here this morning. This is our three of the program I'm Brian Curtis. Let's get right over to Doug prisoner Doug. Yeah, we're looking at the market in Taiwan coming online Brian in the tayak rising by 7 tenths of 1%. Meantime in Singapore straits times better by four tenths of 1%, generally speaking, it's a day of positivity after a move higher for U.S. stocks, stateside we had more evidence of cooling inflation, wage growth here in the states during the fourth quarter slowed. The housing markets with continued signs of cooling and on top of that we had an unexpected drop in consumer confidence. So we've got this fed decision that's expected tomorrow that we're going to get a 25 basis point rate hike, but now the conversation is about the pause in tightening. We'll be talking more about that coming up here on daybreak Asia. Yields right now pretty steady Vis-à-vis the U.S. session. We have a ten year treasury now at three 50 in Tokyo, the nikkei rising 6 tenths of 1% in Seoul the Cosby is higher by about four tenths of 1%. We heard from SK Hynix, the South Korean chip maker with its biggest quarterly loss on record, the blame here goes to plunging prices for memory chips, not really a big surprise what may be a little surprising is that the stock is up 1.6% right now. In Sydney, ASX 200 ahead by a half of 1%. We've got the OPEC meeting on Wednesday, WTI crude oil was up more than 1% in New York. We are building on those gains right now at 79 15. We'll take another look at markets in 15 minutes Brian. Yeah, it's interesting with SK Hynix Doug. It seemed they are putting a lot on the recovery in China. And they also say that this massive inventory in memory chips will correct itself in the second half of the year. We'll have more on this a bit later, but it is a very interesting story that the stock is this much higher after what looked to be a dismal earnings report. Well, Advanced Micro Devices went the other direction giving a better than feared sales forecast for the first quarter. Let's get the story from Bloomberg's Charlie pellet. AMD is the second largest maker of computer processors and gains in the lucrative server market help make up for a collapse in demand for PC chips. AMD said revenue will be as much as $5.6 billion in the period, analysts on average had predicted 5.56 billion with estimates coming in as low as 5 billion, though a less severe drop than expected, the outlook represents the company's first year over year quarterly sales decline since 2019 ending a growth streak that elevated AMD into the upper ranks of the chip industry. In New York, Charlie pellet, Bloomberg, daybreak, Asia. The stock had a good run during a regular session up 3.7% and then in after hours after that report gained as well more than 1% for the session. Also after the bell, the social media company snapped forecast its first ever decline in quarterly revenue, the drop will be between two and 10% for the current quarter, snap said it's due to changes on the company's direct response advertising business. Bloomberg's Mandy Singh says this could be a sign of things to come. Their user growth continues to be steady. The problem is the ad pricing had been so strong right now for pretty much all these companies. So I wouldn't be surprised if you see a similar print from meta or alphabet day after tomorrow. Snap shares dropped as much as 16% in late trading currently down about 14%. The stock has lost about two thirds of its value in the 12 months through Tuesday's close. Well, a new rivalry could be emerging between the world's richest and second richest persons. As Bloomberg's Denise Pellegrini reports, a company associated with Bernard Arnault has struck a deal with a competitor to Elon Musk and Tesla. Electric vehicle maker lotus technology has agreed to merge with el carton Asia acquisition. You might not have heard of either of these companies, but their backers are huge. Lotus tech is owned by China auto giant. All electric vehicles supposed to come on the market. Merged with the private equity operations of our nose LVMH in 2016. Now through this new spec deal between lotus tech and lotus goes public and gigli is expected to remain a major shareholder. Denise Pellegrini, Bloomberg, daybreak, Asia. The time is 5 and a half minutes past the hour it's time for world news
Bloomberg Radio New York
"hynix" Discussed on Bloomberg Radio New York
"Out of Alabama. I'm Dan schwarzman that your Bloomberg world sports update, Brian. All right, Dan, thanks very much, the time coming up on 15 minutes before the top of the hour. Let's get to our guest mandeep Singh. Bloomberg intelligence senior tech industry analyst to take a closer look at some of the earnings that have come out, particularly snap and AMD. So one of the things that we're siding in the snap story, mandeep, which perhaps you can shed some light on, is all these changes to SnapChat's advertising products that for some reason are disruptive to the business. Can you clarify that? Yes, so they are changing their ad stack to deal with apple's privacy changes and pretty much every digital ad vendor was affected by it, including meta, not so much alphabet, but Pinterest and anyone in that ad space was impacted and what SnapChat has done and they call that out in the quarter was the direct response ads where they had to make those changes actually grew 4% whereas the brand ads fell 11% and brand ads are very simple display ads. There isn't much use of data for targeting. Whereas with direct response, you have to make changes according to the user profile and now they are getting less data. So they're trying to make up for that using their own tabs and I think that's a positive sign. I did very quickly before we move on to more important companies. We've got to denigrate snap, but this stock is way down from its IPO price as down 86% also from September 21. What's a future looking like overall? What does it do next? I mean, a lot of bad news has already apprised in and look they have announced a layoffs. They're cutting 20% of their headcount and they're focusing on their core user base and their engagement trends seem to be holding up quite well. So I would say add as a cyclical market, it will come back. Most likely in second half, 23. And as long as they hold engagement, they are positioned for that top line acceleration. A couple of words here on Advanced Micro Devices, I guess the question is pretty simple. What is AMD getting right that Intel isn't? Well, so AMD's exposure to data center clearly has helped their growth rate for the last 6 to 8 quarters and Intel obviously has an executed very well and data center we know is one of the highest growing end markets simply because workloads are shifting to public cloud. And those companies tend to spend, I think overall I would say you will see some slowdown even on the cloud side because they are under pressure to contain costs as well, but it will be a shallow kind of slowdown on the data center side. Well, absolutely. The server market is what we're referring to here as well. Server markets includes the cloud. And let's don't forget what Microsoft had to say about as you. Yeah, look, and Microsoft said they will be increasing CAPEX, even though overall they were quite kind of tepid in terms of their guidance and growth expectations, but they continue to boost CAPEX and one of the biggest beneficiaries of CAPEX or companies like AMD and Nvidia, which provide the chips and the servers that go into the cloud data centers. So we also had SK Hynix out with earnings. I don't need you to drill down to specifically on that, but it's interesting that SK Hynix and a couple of other companies are really cutting CAPEX, but Samsung increasing CAPEX. Is it so different making chips for memory, which is disastrous at the moment versus these servers. You have to remember memory is a commodity, right? And at the end of the day, the way these fabs are run, utilization matters, a great deal. So once they utilization drops below the threshold, which is typically 80 to 85%, these companies have to decide. Do we want to boost further capacity because in a commodity market like memory, it's going to be detrimental to the pricing and so that's where I think because it's an oligopoly, these companies decide, okay, we're going to curtail CAPEX. And that's what I think they seem to be doing here. Mandy was anything said about the chip ban in China. Well, so clearly, I think that's a wild card for pretty much every chip maker out there because China is such a big end market. I mean, we are talking about 20 to 25% revenue exposure and I'm not even looking at how chips are assembled and distributed. Just in terms of revenue exposure and I think the more we hear about bands and more countries joining, it is something that I think will remain a risk for, especially when it comes to revenue expectations for these companies. Mandeep, thanks so much for joining us. Mandeep Singh, Bloomberg intelligence senior
Bloomberg Radio New York
"hynix" Discussed on Bloomberg Radio New York
"The Asian trading day a little bit of breaking news in the last few minutes series Bloomberg's Brian Curtis. Vani, thanks very much, a story that Doug broke a few moments ago, our sources, Bloomberg sources saying that Japan and the Netherlands are poised to join the U.S. and limiting the access to semiconductor equipment for China. And these sources say these talks could conclude as soon as today Friday in the United States. While looking at markets here in the Asia Pacific, we've turned a little bit lower in Japanese stocks, flat to slightly negative. The ASX 200 up about four tenths of a percent. We've traded higher in Seoul for most of the day, the cost speed is up 7 tenths of a percent. Pretty solid gains in Samsung up more than 1%, even after Intel came out with a very dire forecast going forward. We made mention of the fact that a lot of the big semiconductor companies in Asia seem to be bucking that trend Samsung as well as SK Hynix and TSMC have traded up about 10% in the month of January. We'll see if that lasts. Looking at currencies, the yen has been strong this morning. We had inflation core inflation in Tokyo, just in Tokyo, not nationally, but in Tokyo at 4.3%, the end here, one 29 76 against the greenback. And the yield on the ten year treasury, 3.51%. So equity is generally higher. The tone remains pretty solid. Doug to you. Well, let's begin with that after the bell news from Intel and the gloomy forecast for the current quarter we have more from Bloomberg's Charlie pellet. Intel was hurt by sinking demand from PC customers and tough competition in the lucrative market for server hardware. The chipmaker said first quarter sales will be ten and a half to 11 and a half $1 billion. That compares with an average analyst estimate of $14 billion. The outlook reflects the myriad challenges facing Intel, which was attempting to stage a comeback, even before the market for PC chips its main source of revenue fell into a slump. In New York, Charlie pellet, Bloomberg, daybreak, Asia. Well, we hear China is considering an export ban that would help the nation maintain a substantial dominance in solar manufacturing. The ban has been considered for technology used to make solar wafers wafers, of course, are ultra thin silicon squares that are pieced together into solar panels. China accounts for 97% of global output, we're told to move is still in the public consultation phase and no decisions have been made yet. Well, companies linked to the Indian billionaire Guatemala will fight back against being called bogus. We are told these companies are ready with a detailed response to accusations from U.S. based short seller Hindenburg research. Now, Hindenburg says, firms owned by adani engage in brazen market manipulation and accounting fraud. From the other side, a Donnie group says these assertions are devoid of facts. Here is Bloomberg's PR Sanjay. Came on the television, he sat sent out a statement and he had come on a video and circulated the video widely to say that this is all malicious and mollified integer et cetera. Legal hit also said the same thing. And they are also setting up various calls with investors to allay the
Bloomberg Radio New York
"hynix" Discussed on Bloomberg Radio New York
"Right now, ANZ banking group shares down a little more than four and a half percent off session lows, the bank reported profit above estimates, full cash profit from continuing operations, a little more than 6 and a half billion. That's Aussie dollars, but the stock is I mentioned showing some weakness. We are off the low of the day with a drop now in ANZ banking group or up around 4.6%. More on markets in 15 minutes. Head Baxter next with a look at global news headlines, Eddie. All right, thank you, Douglas, U.S. Secretary of State Antony Blinken is calling on the globe to send a united message to China about any use of force regarding Taiwan exclusive Bloomberg interview. He says they continue to accelerate accelerate their move to a unified. UK prime minister Rishi sunak told the House of Commons today that he is delaying the economy's strategy announcement until November 17th. Chinese leaders omitted the elders that is from an official account of how Xi Jinping chose his new leadership team in an apparent plan to change policy from including party leaders as important members in major decisions. South Korean defense minister Lee Jong su says that Korea needs to be more aggressive in adopting a stance of saying even if Kim attempts to use nuclear weapons that it will bring an end to his regime. It appears that the rosters of the Philadelphia Phillies and Houston Astros will see no black players. It is the first time that has happened since Jackie Robinson in broke in in the 50s, and a Tesla is being investigated for misleading claims about capabilities of its autopilot driver assistance system. These are criminal allegations. I should say Jackie Robinson actually broke in on the late 40s, but the last time that this has happened was 1950, the World Series. In San Francisco, Ahmed Baxter, this is Bloomberg. Yeah, thanks very much. Let's take a closer look here at Samsung. Third quarter profit missed analysts estimates and joining us to discuss the earnings is Peter L strum, Bloomberg executive editor for Asia, technology. So operating profit for the chip segment almost cut in half, yet Samsung is not cutting back on CAPEX. We saw that from SK Hynix yesterday for next year, but as one of our colleagues said, Samsung has deeper pockets than most. Your thoughts on this earnings report, Peter. Yes. Well, these have been rough days for the semiconductor industry and particular in the technology industry more broadly. We knew that there were going to be some weak results here this had been pretty well foreshadowed by Hynix, as you mentioned. And micron even before that, they've been pulling back on their expenditures high next yesterday reported weak earnings and said they're seeing an unprecedented downturn in demand. So expectations were pretty low for Samsung. As you mentioned, earnings are down sharply. They did miss estimates. That was largely driven by the chips business. As much as Samsung, Samsung really makes its money from the chips business, even though it's it may be best known for its smartphones, but ships really make the difference in terms of profit or nonprofit. And as you mentioned, the difference here is that Samsung is saying it is going to keep spending on factories and new fabs to make more chips. Because it sees opportunities ahead that's both in the memory business and it's also pushing into the foundry business, which is making chips for other people the way Taiwan Semiconductor does. In the memory business, it is expanding in a few different areas, including into the U.S.. So it's expanding very aggressively at this point, which is pretty contrary to what its peers are doing. Yes, Samsung, a major producer of the world's chips, obviously. Producing more chips into a market that admits already got a glass. Most of the impact on the broader market are going to be with this. Yeah, there's some parallels to the oil industry, I think, in the OPEC countries where some company, some countries continue to produce very aggressively because they want the revenue. Samsung is acting aggressively. They're investing even though prices are falling pretty sharply in the memory chip market. They're investing aggressively. They see opportunities here. They're expanding geographically also. Into a few different markets. And they do want to become a bigger, more competitive player in logic chips, which are microprocessors as they build up this foundry business. They want to compete with Taiwan. Semiconductor, which is now the most valuable chip company in the world and has built a very, very strong business as a foundry for other companies. So we've seen these new U.S. government rules on exports to China, particularly having to do with very high level chips for AI and such. I think a lot of people are curious what Samsung is saying about these new rules. Have we heard anything on that yet? That is the big question for the chip industry over the past two to three weeks. That's really the only thing that everybody is talking about. What are these U.S. export rules mean for the industry broadly and especially for doing business in China? Samsung, of course, sits in a quite challenging spot in South Korea. It has many factories there. It also has a fab in Mainland China. And the Korean government has very close ties to the U.S. also. The conference call hasn't started for Samsung yet. So they haven't gone into details on how those chip export rules are going to affect them. But they have been able to secure a one year exemption so that they continue to ship equipment and supplies into China to supply that fab that they've got in China so they can continue to produce memory chips at that facility there. Yeah, that conference call you to get underway in about 5 minutes of Bluebird subscribers will be able to follow the details on our blog top live go. But talk to us about smartphones as well. We have had some weak growth in that division. The market doesn't seem too troubled though. Yeah, it's interesting. Samsung is probably better known for its smartphones than its chips because that is a consumer facing business. It's just that business was pretty strong, which is a little surprising. The overall smartphone market is falling this year, there has been some weakness across the board. Even Apple has shown some signs of weaknesses and they sell at the very high end of the market. Samsung has sort of pushed the envelope with their flip phones and their foldable phones. They say that demand has been relatively strong and they're optimistic about that business going forward. Is there a glut in that business at the moment? Well, the real glut is in the chips business as we talked about. That's challenging for people because during the COVID pandemic there were chronic shortages of chips. That led customers to over order because they were so anxious to get chips that they needed into their facilities. And now all the chip makers are really saying that inventories are a problem. They've been piling up. And that means that customers are going to use their inventories before they start buying new chips from Samsung or Hynix or micron or the other companies. In terms of smartphones, it's a bit less of an issue. The problem with smartphones is that they become obsolete a lot more quickly that's a business that's very has to be very, very timely. So Samsung is facing some uncertainties that are also. We have seen a very weak one over the past few quarters as well. How's that altering our perspective on these results? Well, they say that the strong dollar did have an effect that strong dollar of the weekend did have an effect on their business. Largely Samsung benefits because they are selling much of their products abroad and bringing that revenue back in either dollars or other currencies. So
Bloomberg Radio New York
"hynix" Discussed on Bloomberg Radio New York
"The latest market action and other positive day Brian. Yeah, we're seeing a big bounce in equities today. We just had the New Zealand Central Bank raises key interest rates to three and a half percent from 3% saying that core consumer price inflation is too high. And we had some expectations of this. This was the consensus choice was a 50 basis point move and many economists say that the rbn Z will need to keep tightening well into next year. Let's take a look at some of the big numbers here and some of the markets just opening up the Taiwan tye X index up 1.8%. The straight times index in Singapore rallying about a half a percent, pretty solid gains in South Korea as well. The cost be up about a quarter of a percent, but off the best levels of the day. And we did see a bounce in SK Hynix after Morgan Stanley raised it to its top Asia technology pick. Also, Citigroup has opened a 30 day positive catalyst watch on chow Tai fook. That's a jeweler that trades here in Hong Kong. It expects strong top line growth next year due to strong demand for gold jewelry. And others. And looking at China futures, they're trading up more than 1% here. We won't have trading in the China market today, but Hong Kong will trade as mentioned. We'll get Hangzhou index futures in about 13 minutes from now. The dollar was weaker overnight by a full percent yields dropping, the yield on the ten year here, 3.61%. Juliet. Our apple Elon Musk confirming he has revived his bid for Twitter the original offer price of $54 20 a share, Musk made the proposal in a letter to Twitter during Tuesday session and this is according to an SEC filing tour to set it received the letter and intends to close the deal at the original price without commenting specifically on how it will respond to mask. Musk's proposal likely eliminates the need for a court trial this month. Bloomberg's Jeff ville tells us a trial may not have worked in Musk's favor. The reality is that it would have been a very tough case to make. You would have had to show that there was a material adverse
Bloomberg Radio New York
"hynix" Discussed on Bloomberg Radio New York
"By the way, also sells passes to its theme parks, and that Juliet can run as high as 1600 bucks, but it's nothing for you, is it? There's a Disneyland in Hong Kong, maybe Brian Curtis will be interested in this. Let's get over to Brian for a check of markets in Hong Kong. So much to look at. It's really interesting morning. A lot of selling, the two markets that just opened up or three. The hang seng index down 1.2%, the CSI 300, which amalgamates Shenzhen and Shanghai down about four tenths of 1%. We'll get the seishin PMIs coming up in about 15 minutes or so. We are seeing a lot of selling across the board here. The nikkei is down 1.6% the ASX 200 down about 2%. And these are sell offs that are pretty much right across the board. Semiconductors getting hit pretty hard, but even some of the safer areas. The Thai X is down 1.8%. I just had a look at Samsung. It's trading down 1.7% SK Hynix down 2.8%. South Korean chipmakers reported their first fall in factory shipments in July in about three years. It seemed as an early sign of weaker demand overall for components and consumer and industrial goods. Semiconductor shipments tumbled almost 23% from a year earlier in July, and that was after a 5.1% rise in June. Remember how we were talking about how difficult it was back in June. I got a lot more difficult in the month of July. The yuan reference rate was set by the PBOC at 6.8821 per U.S. dollar. As I mentioned last time, that was that was dramatically stronger than the 6 89 24 the market estimate, getting on close to a hundred pips there. Yield differential may be a big part of it. If you look at the Chinese ten year bond, it's yielding now 2.64%. The U.S. ten year treasury is yielding 3.21%. And although the PBOC has been letting the remnant be weakened, it's unlikely many would think that it would allow it to weaken past 7 to the dollar. So if you're shorting the currency, be mindful of that with this leadership, China is all about projecting strength, domestically, and internationally, and may not feel that it looks too good if the yuan is weakening dramatically against the U.S. dollar. Right now, we've got WTI at 89 45 a barrel and crude oil is slipping here on no worries about global recession. The U.S. taking a tumble and China weakness as well. That is a check of markets, 35 minutes past the hour, Jules back to you. Thank you so much, Brian, time for global news
Bloomberg Radio New York
"hynix" Discussed on Bloomberg Radio New York
"Points and 6 rebounds Ionis entered a score of 25 points and pulls down 20 rebounds in the loss for the bucks In the Western Conference it's a Phoenix Suns hosting the Dallas stars in the game 7 with the winner moving on to face the Golden State Warriors in the Conference Finals Two game 7s in the NHL playoffs as the New York rangers are hosting the Pittsburgh penguins while the Calgary flames are home for the Dallas stars New York is trying to come back from a three games to one deficit in the series In Major League Baseball local teams in action it was Baltimore losing em Detroit 5 to one Houston shuts out Washington ate nothing Seattle slipping past the New York mets 8 to 7 the Yankees getting past the White Sox 5 to one while Boston falls to Texas 7 to one I'm Dan Schwartzman that your Bloomberg world sports op aid Markets headlines and breaking news 24 hours a day At Bloomberg dot com the Bloomberg business app And at Bloomberg quick tape This is a Bloomberg business flash Hi everybody 13 minutes before the top of the hour we update markets every 15 minutes on Bloomberg radio Asian and U.S. equity futures are rising and we have oil up over $111 a barrel Keep an eye on semiconductor stocks in Asia today we might see a bounce there on Friday the Philadelphia semiconductor index is up more than 5% Nvidia for instance gained 9 and a half percent KLA ten core up 7% Samsung electronics according to our sources is talking with foundry clients about charging as much as 20% more for making semiconductors this year So look out for Samsung today in the in the South Korean market as well as SK Hynix in Japan toku electron and dance test and renaissance and in the Taiwan TSMC And as we've been reporting PBOC effectively cut the interest rate for new mortgages over the weekend looking to help the housing market and stimulate the overall economy and analysts are divided on whether or not we will see a cut in the one year policy loans later today We had weaker than expected credit expansion in April that was announced on Friday That shows the big effect that these lockdowns on the economy have had on the economy Right now we've got China futures up about 6 tenths of a percent Hank sing index futures up more than 1% EK futures 26,865 of the gain of 6 tenths of 1% dalien one 29 48 so we have the dollar itself a little bit weaker but the end week or two and the yield on the tenure at 2.91% And that is your Bloomberg business flash Let's get to the newsroom and Denise Pellegrini has some of the top stories making headlines Nice Well Brian we're hearing about some data that explains why Shanghai is emerging from the COVID lockdown mode we've been talking about.
Bloomberg Radio New York
"hynix" Discussed on Bloomberg Radio New York
"Gains around the region yesterday Brian a bit more mixed today though Yeah it was around three to four days of pretty solid gains and it's a changed picture Now a lot of that due to earnings that came after the bill but also maybe just a little bit of relief selling after some pretty strong gains I mean it was certainly the case on Wall Street where he had four solid days and the S&P 500 up 9 tenths of 1% The Dow was up 6% in Aztec rallied half a percent But then after the bill all that changed Facebook parent meta platforms fell 23% after a miss on earnings will have details on that in a moment Qualcomm was down 5% after hours on some of its own stumbles and we also saw Spotify trade about 10% down after a disappointing outcome on subscribers And before that we had investors bidding up the S&P 500 and the NASDAQ about 8% over four days In Asia we had some markets coming back after being on holiday and they're doing quite well today even with those earnings the straight times index in Singapore is up 1.8% now in the Cosby is back up more than 2% Samsung up around 1% We had a company like SK Hynix that does a lot of business with call con There's some concern that maybe Qualcomm's woes would spread to them But LG or rather SKI and exchanged up about 3% for much of the morning this morning The dollar is a little bit stronger after being weaker in the U.S. session dalian one 1436 the Aussie had 71.21 U.S. cents yields were soft right now the yield on the ten year 1.76% down a basis point WTI crude did move lower which you would expect on the OPEC plus news However earlier it had traded higher up about $89 for West Texas intermediate now 87 63 Paul to you Well as you mentioned Brian Facebook's parent company made it took a beating and lay trading off about 23% And this is after the company said its user addition had stalled in the fourth quarter Bloomberg's ad ludlow tells us this is unprecedented I don't think we've ever seen a quarter where Facebook's core user base has not grown I mean it's pretty astonishing You see analysts have been cutting price targets on meta for weeks because of competition around TikTok and video in particular So we knew the competition was coming but it's that stalling and growth zero growth that seems to have the market spooked Medicines revenue for the current quarter would be up to 29 billion and that was also short of analyst estimates Yeah onto the Qualcomm story the world's biggest smartphone ship maker slipped in late trading It was off about 5 and a half percent and that was after the company said that it's ever to expand beyond smartphones hit some snags We've got the story here from Bloomberg's Charlie pellet While overall sales and profit easily topped analyst estimates the company.
Bloomberg Radio New York
"hynix" Discussed on Bloomberg Radio New York
"And trying to digest some of the huge number of earnings reports that we got and impact on the markets We can run through some of them for you Meta platforms fell 23% after big miss on earnings Qualcomm was down 5% after hours on its stumbles and we also had Spotify losing about 10% Also pretty much a subscriber count story and then Sony traded weaker as well down about 6% in the Tokyo session Tokyo is lower the nikkei is off 8 tenths of 1% The ASX 200 in Sydney is down about three tenths of 1% but for a couple of markets coming back after holiday they're surging Cosby is up 1.8% and leading the way Samsung up a little under 1% SK Hynix with a rally about three and a half percent And that was interesting because both SK Hynix and Samsung are customers of Qualcomm a couple of other customers that Tokyo Electron was down 2% but then LG inner tech was up 2% The dollar has a regained some lost strength It was down in the U.S. session bloomberry dollar spot now up a tenth of a percent And what a tear that Bloomberg commodity index has been on up one and a half percent in the last session WTI crew now down two thirds of a percent on more output of OPEC plus trading now 87 67 a barrel And that is a Bloomberg business flash And Baxter is in San Francisco in the 9 60 newsroom and he has the top stories making headlines Yeah thank you Brian New Zealand prime minister Jacinda Ardern is presented a 5 step plan for border reopening She says it's time to live again in the U.S..
Bloomberg Radio New York
"hynix" Discussed on Bloomberg Radio New York
"In Asia Let's get over to Brian Curtis Brian It certainly looks like these markets that have been closed are likes of Singapore and Korea playing catch up Yeah Singapore of 1.7% here 54 points higher for the straight times index and as mentioned the Cosby up more than 2% And just looking at some of these leading tech shares just to see whether or not what we saw happen after the bill on Wall Street is feeding through Actually SK Hynix is up 3.7% and Samsung is up 1% So yes they're making up for lost ground because they have been closed for the lunar new year holiday But still we were just checking to see whether or not the sell off that we saw of 23% in Facebook and down 10% for Spotify whether or not it indicates a change in thinking It seems perhaps not But we are seeing some selling in other markets in Tokyo the nikkei is down a little more than 1% The ASX 200 is just down two tenths of 1% flat trading in New Zealand No trading in Taiwan or Hong Kong or in China today because of the holiday There was an interesting point about jobs So we had the ADP data in the United States ahead of Friday's jobs report showed that employment at U.S. companies contracted in January by the most since the early days of the pandemic Poor job numbers could urge the fed to slow down to reconsider aggressive rate hikes Although a dip in employment was not unexpected because we did have government officials warning of just that in recent days And we also had to fit itself talking about being quite measured in its approach So all in all I don't think you can read too much into the sell off after the bill And Juliet I know you've got some of the details on that now Take it away Yeah let's get to Facebook's parent company meta plunging 23% in late trade this after the company said its user edition stalled in the fourth quarter Bloomberg's Ed ludlow tells us this is unprecedented I don't think we've ever seen a quarter where Facebook's core user base has not grown I mean it's pretty astonishing You see analysts have been cutting price targets on meta for weeks because of competition right Around TikTok and video in particular So we knew the competition was coming but it's that stalling and growth zero growth that seems to have the market spooked Mehta says revenue for the current quarter would be up to $29 billion this also short of analyst estimates Meanwhile the world's biggest smartphone shoot make a Qualcomm slipped in late trade this after the company said its efforts to expand beyond smartphones has hit some snags Bloomberg's Charlie Pelosi has more While overall sales and profit easily topped analyst estimates the company did fall short of projections in certain categories including chips for cars the Internet of Things and radio frequency components supply woes also hampered the company's ability to take advantage of booming demand for phones Qualcomm said first quarter revenue will be in the range of 10.2 to $11 billion that compares with an average analyst estimate of 9.59 billion In New York Charlie pellet Bloomberg daybreak Asia And Qualcomm shares in late trade down 3% It is four minutes past the hour time for global news.
Bloomberg Radio New York
"hynix" Discussed on Bloomberg Radio New York
"Reviewing his list of Supreme Court nominations on Thursday press secretary Jen Psaki said Biden is making it a priority and noted that the president has vowed to pick the first black woman to the high court The president hopes to nominate a successor to retiring justice Stephen breyer by the end of February Moderna is saying it's new Specific COVID-19 vaccine booster won't be ready this summer According to the company's chief medical officer it's planning to seek authorization from the FDA this summer Former vice president Mike Pence is blaming the Biden administration for the staggering inflation across the country on Fox News Pence said Americans everywhere are feeling the sticker shock of Biden policies It's the result of the policies of the Biden Harris administration We had achieved energy independence for the first time in 70 years by unleashing American energy as never before I'm Brian chuck And I'm Brian Curtis in Los Angeles Let's check this hour's top business stories and the markets Asian stocks are mixed China's CSI 300 has extended losses though Chinese mutual funds state media and companies are intensifying their efforts to support the market The mainland market has seen $1.2 trillion wiped off the books It's a sell off that has the CSI 300 into a bear market At least ten mutual funds have committed to buying in and will have more on markets shortly In earnings Apple rallied more than 4% in late trading the company announced record quarterly revenue that beat estimates profit also beat projections And SK Hynix also posted profit above estimates it agreed with Samsung that supply chain issues are improving SK Hynix stock rallied more than 6% in soul On the regulatory front Chinese regulators granted approval for Advanced Micro Devices to buy silence That clears the way for one of the largest deals in the global semiconductor industry Meantime the United States has ejected China Unicom from the U.S. market The Federal Communications Commission has voted unanimously on making this decision It follows an action last year to bar China Telecom China Unicom said it has been following U.S. law and it said it would proactively protect the rights and interests of the company and its customers The FCC said China Unicom must discontinue service in the U.S. within 60 days of the order's release Let's check the markets The Hank sing index is down three quarters of 1% And the CSI 300 is now flat for the session while the nikkei has rallied 2.1% Global news 24 hours a day live and on Bloomberg quick take Brought to you by 2700 journalists and analysts in a 120 countries In Los Angeles I'm Brian Curtis This is Bloomberg This is Bloomberg law with June grotto from Bloomberg radio Justice Stephen breyer is stepping down from the bench after 28 years on the high court at The White House today president Joe Biden thanked briar for his decades on the Supreme Court Everyone knows that Steven Barr has been an exemplary of justice Fair to the parties before him courteous to his colleagues careful and his reasoning He's written landmark opinions on topics ranging from reproductive rights to healthcare to voting rights to patent law to laws protecting our environment and the laws that protect our religious practices Joining me is constitutional law professor Stephen vladeck of the University of Texas law school Justice breyer has been adamant in the past that justices are not political Once they take their oath they quote are loyal to the rule of law not the political party that helps secure their appointment But doesn't his retirement now Before the end of the term giving the democratic president plenty of time to get another justice confirmed before possible change in power in the Senate Is it breyer's acknowledgment that politics and the court are intertwined Yes I mean I think the question is whether you can somehow walk a tightrope between its knowledge and I think everyone has to that the confirmation process is political that political actors in the form of the president and the Senate are making political decisions about who to nominate about timing while still believing that once the process is oak once the justices confirmed and takes the oath and joins the bench that what they're doing is somehow divorced from politics And I think justice breyer may be the last of his kind in trying to argue forcefully that yes that's a line that can be preserved That we can have a political if not partisan confirmation process and still be judges doing judicial power as opposed to political power Once we've done our robes I think the question is how many folks still believe that There are a lot of textualists on the court now breyer was more of a pragmatist Tell us about his approach to the constitution And I'm sure part of this was a reflection of his experience versus a long time Senate staffer as an administrative law guru as a professor and then June as you know as a lower court judge he really thought that when it comes to the structure of government the best way to think about how the branches relate to each other is a more functionalist approach where the branches are not hermetically sealed from each other where there's power sharing where the checks and balances are both formal and informal And I think the informal part is what often gets missed in contemporary discourse but breyer knew of what he spoke He was part of it when he was working for the judiciary committee when he was involved in the administrative conference of the United States And so I think his approach to judge him was the notion that it is not forbidden and is not as thin to look at the constitution to look at statues to look at circumstances where judges are allowed to exercise a modicum of independent judgment and ask what actually makes the most sense what would be the most administrable What would be the most efficient And that kind of functionalist pragmatism used to be a lot more common on the court and.
Bloomberg Radio New York
"hynix" Discussed on Bloomberg Radio New York
"Learn more at IBKR dot com slash compare Well things looking rather different today on the markets than they did yesterday for a closer look Brian Curtis Yeah pretty mixed at the moment Yesterday was a really sharp down day We had the knee K down 3.3% today It's a rebounded 2% and the ASX is up 1.6% Other than that though it's kind of a struggle really The hanxing index is trading off about two thirds of a percent Hong Kong is probably one of the most interest rate sensitive markets in the world as its paid its currency's paying to the U.S. dollar Actually tech index is down more than 2% just a relentless bit of selling there So bear market there bear market in China The CSI 300 down about a third of a percent And on holiday next week you might imagine that today people might clear the decks a little just because who knows what will happen over the next week The Cosby is up it is trading 8 tenths of 1% higher but strong earnings from SK Hynix In fact I wanted to tick off a number of positives that perhaps is helping today stamp some of the losses We do see the straight times index eking out a gain of a tenth of a percent but the ty axe in Taiwan down about two tenths of a percent So Doug mentioned one of the positives and it's a big one Apple posting record quarterly sales the stock rallied in the after hour recession 4.4% SK Hynix already mentioned posted profit above estimates that stock was up four and a half percent as well in sold today Chinese regulators granted approval for Advanced Micro Devices to buy xilinx so that clears the way for one of the biggest deals to emerge in the global semiconductor Industry and we had economic growth in the United States It was pretty solid GDP expanding 6.9% Yes it's in the rearview mirror but it was higher than economist estimates Orders for U.S. durable goods did have a decline first declined in three months but jobless claims declined for the first time in four weeks So on balance there's enough positivity there that the markets are putting on some gains Dollar yen one 1545 the dollar holding on the strength yield on the tenure 1.81% a flatter yield curve Doug Yeah we have positivity in Apple you were right about that Brian and that is helping to send the NASDAQ 100 E mini futures contract for the American market higher right now by about 9 tenths of 1% So we did hear from Apple after the bell record quarterly sales we have a first quarter revenue nearly a $124 billion That's an 11% increase from the prior quarter Bloomberg's Ed ludlow tells us this is an illustration of apple's ability to tame the supply chain crisis What's really interesting is that on the call cook is discussing supply chain He said that supply chain issues were more challenging in the fiscal first quarter In other words the period ending at the end of December then they were in the prior quarter And yet they really delivered you know it seems like the iPhone 13 which was released over that time has done really well People around the world who have got this thing So it's clearly something's going right and they're managing the global macro environment So Apple shares as Brian mentioned we're up more than 4% in late U.S. trading Paul Chinese regulators are allowing Advanced Micro Devices to buy X islands as Brian mentioned and it clears the way for one of the biggest deals in the global semiconductor industry It's worth about $35 billion but the Chinese approval does come with certain conditions IMD must not discriminate against Chinese clients and AMD must continue supplying silent products to China Deal had already won the blessings of regulators and several regions including the U.S. Europe and the UK AMD shares and silence shares both closing lower We're at 5 minutes past the hour as we get set to update global news.
Bloomberg Radio New York
"hynix" Discussed on Bloomberg Radio New York
"Every 15 minutes station stocks are edging higher this morning Treasury's pretty steady here The yield curve is flatter We had the Bloomberg dollar spot index holding on to gains We had pretty strong U.S. growth data that reinforced expectations for fed tightening to continue and to fight inflation The U.S. economic growth picking up in the last quarter was an inventory boost GDP expanding 6.9% and that was better than The Economist expectations Orders for U.S. durable goods posted their first decline in three months jobless claims declined for the first time in four weeks Initial claims falling to 260,000 so on balance looking pretty solid there We had some good news Apple posting record quarterly sales the stock up about four and a half percent Also this one Chinese regulator is granted approval for AMD to buy xilinx and SK Hynix posting profit above analyst estimates it also gained in the markets today It's up about 2.6% And it also agreed with Samsung which is kind of the message you got from Apple as well That there is a gradual improvement in supply chain issues that are out there Right now we've got the dollar yen at one 1540 so that's a much weaker yen We've got the yield on the tenure at 1.81% two year one 19 and WTI crew 80 $87 24 cents a barrel and that's stronger by about three quarters of 1% And that is a Bloomberg business flash Let's get a news update Here's that Baxter with the top stories and All right a couple of things developing since the last one Brian North Korea says his test launch four missiles this week too long range to short range and what's become a barrage of tests U.S. vice president Kamala Harris greeted Taiwan's vice president.
Bloomberg Radio New York
"hynix" Discussed on Bloomberg Radio New York
"On Bloomberg radio I'm Brian Curtis in the Bloomberg interactive brooker's studio In Los Angeles we're looking at the Asia Pacific stocks in Asia are making a strong comeback today an effort to peel back some of the losses from yesterday those losses triggered by the fed's hawkish turn to a tighter monetary policy some would say a much tighter monetary policy We had U.S. shares that ended lower It was a volatile day and the gains were given up I was saying earlier that it'll be really interesting today in Asia's seat whether we're able to hold onto these games or whether people use them as a way of getting out at better prices and sell right into the games than any game At 1.6% the SX 200 about two thirds of 1% in Cosby a tenth of 1% So we told you about apple's quarterly sales hitting a record the stock very strong a four and a half percent after hours SK Hynix big Korean ship maker said it expects market demand for memory products to increase this year it posted profit that was above estimates as well It also echoed comments from Samsung for casting a gradual improvement in supply chain snarls and that's one of the takeaways from Apple's earnings The Russell 2000 is in a bear market It dropped 2.3% today The CSI 300 in China is also in a bear market Bear markets seemingly abounding across the equity picture And that is a check of markets Let's get used with that Baxter in San Francisco All right thank you Brian and a call to Ukraine's president Vladimir zelensky U.S. president Joe Biden underscored the commitment to Ukraine's sovereignty and territorial integrity also saying he's exploring other macroeconomic support.
Bloomberg Radio New York
"hynix" Discussed on Bloomberg Radio New York
"Quarantine requirements on one of the world's busiest air travel routes In San Francisco I'm at Baxter This is Bloomberg right back at your ish All right I still with us now is a max gacon The CIO of alpha try to discuss the latest of America's hope I've got that one right max Sorry if I didn't This is quickly just check in with how you strategy is right now Cities out saying that it's time to start positioning for waning inflation waning CPI Another people look about 6 7 months ahead But did you buy this one I think we could get a briefer pause on inflation I say that because I do think the U.S. is going to release more oil from its strategic reserves going into the holiday season But as we get into the next year I think that's where supply chains continue to stoke inflation higher So I think we may see a bit of a drop I don't think we're actually going to see the low continuous prints tomorrow But I do think it will start picking up again in next year So the semiconductor issue is obviously critical for so many industries and we have the U.S. today saying that every major chip company has pledged to comply with a request from the commerce department for information data pertaining to the global shortage And now in South Korea today Jan happ is reporting that Samsung and SK Hynix will provide data also looking at China's retail passenger vehicle sales as an example of how the global auto industry has impacted by the sales were down year over year in October by more than 14% Are you confident that we're going to be able to get out of this or is the chip shortage and it's lingering impact going to be with us for some time longer I think he'll be with us for a bit longer and the reason I say this is because semis are in demand across everything I mean as an example we're an artificial intelligence driven hedge fund We use a lot of power My microwave uses more processing power than a supercomputer to ten years ago So it really is pervasive And at the same time staff facilities take a very long time to build even though we've had some great contracts including here in the U.S. to build new facilities It will take time And that's where you just have organically demand far outstripping supply add to that ongoing logistics issues relating to COVID which I do think will start going away Especially in the back half of next year But it's still creates a pretty lingering problem for a lot of the semi intensive industries Okay Let's just also just take a look here at tech itself and semiconductors One thing but what about these companies which have had such a rise Again I'm talking about things like the hardware makers and software companies like Apple They're going to have a tough time maybe over Christmas I think they absolutely will And Apple has already noted that they're going to have supply chain issues I think there's also a concern for me that while consumers have so far indicated their will spend more this holiday season and they certainly have been spending more of it even before the pandemic They're also looking at inflation of pretty closely They're seeing this now feed into shelter We're seeing into housing with prices going up So I do wonder where we'll actually end up on the holiday season if prices continue to creeping up on stables So we have the up to date I'm sorry I'm sorry max I just want to pivot to China very quickly We've got about a minute left We've got the plenum going on this week in Beijing indications now that U.S. listed Chinese education stocks well the companies themselves will be issued licenses new licenses to function as tutoring firms So it looks like maybe Beijing's position on some of these issues where regulatory risk had been a big issue Maybe Beijing is softening just a bit Would you put money to work in China right now No I still would not I think we really want to see where the queen ends up but what they're trying to do right now is to soften the language a little bit but we've been with sought so much by Chinese regulation over the last several months that I would either be still short the sector or neutral at my most bullish All right max thank you so much for joining us max Welcome to CIO of alpha try to discuss the latest on the market is to remind ourselves that we.
Bloomberg Radio New York
"hynix" Discussed on Bloomberg Radio New York
"The Bloomberg business at and at Bloomberg quick take He's a Bloomberg business lash Going down Paul Allen in Sydney we're after a reasonably positive start the asics is now turned negative We're off by a little more than a tenth of 1% at the moment Most sectors lower healthcare the exception that sector up 1.2% We do have markets in Tokyo and Seoul opening at the top of the R futures for the nikkei flat to a little weaker right now cost me futures pointing down as well Even though we did have a record close for the S&P and the U.S. all the major indexes higher some disappointing results though from Amazon and Apple apple's fourth quarter revenue missing so we'll be keeping an eye on some of the major Apple suppliers when we get going here in Asia TSMC Samsung SK Hynix names to watch and supplies in the sambals like horn high precision pegatron quanta they depend on Apple for more than half their revenue so we'll be keeping a close eye on those stocks as trading gets underway in Asia at this Friday We've had some news from China evergreen as well making an overdue payment on the 9 and a half percent note that was due in September 2024 I'm not sure on September 29th a bigger pardon within the 30 day grace period so that means that ever grounded misses default again buys a bit of time to sell some more assets and raise some money as well We've just had some data out of Japan as well the Tokyo CPI for the month of October coming in stronger than expected gain there of a tenth of a 1% also industrial production for Japan coming out in just a few minutes time for the month of September The yam right now steady one 30 58 against the greenback Oil weakening a little 82 72 for a barrel of West Texas and as I'm doing.
Bloomberg Radio New York
"hynix" Discussed on Bloomberg Radio New York
"About Monday Night Football as a sales Seahawks are hosting the New Orleans Saints and lumen field with rain showers expected throughout the game The saints are three and two on the season while the Seahawks are two and four They again NFL COVID news is packers star wide receiver Devante Adam task test deposited and could miss Thursday's game against the Arizona Cardinals Also for the packers defensive coordinator Joe Barry has tested positive as well and is expected to definitely be out Thursday Meanwhile bears head coach Matt and Aggie has also tested positive and we'll have to show two negative tests 24 hours apart before being allowed to return I'm Dan Schwartzman that your Bloomberg world sports hot day Markets headlines and breaking news 24 hours a day at Bloomberg dot com the Bloomberg business app and at Bloomberg quicktake This is a Bloomberg business lash Let's begin at South Korea and shares of the chip maker SK Hynix rallying by 3% Third quarter operating profit was above estimates and when you look at net profit 2.84 billion that is nearly triple from last year and then on top of that the company saying that it's seeing rising demand for computer chips then that impact on the Cosby is that we're higher by about a half of 1% right now in the sold session We've got a rally underway in Tokyo where the Nike is up about 1.7% right now Shares in fast retailing leading this advance They are higher by more than 4% in Hong Kong hang sang Uighur by a tenth of 1% in or on the Chinese mainland Shanghai composite is up just about two tenths of 1% Similar gain in Sydney for the ASX 200 we do have shares in crown resorts up by 8 and a half percent This is after the company was able to keep its license to run its flagship Melbourne casino with oversight from the government This has the result of a report from the royal commission If you look at the bond market right now long-term interest rates a little bit higher ten year treasury in the Tokyo session has picked up about a basis point yielding one 64 crude oil remains a little weaker not by much 83 50 83 55 We're down about three tenths of 1% here in the electronic session The end week one 1385 in the offshore Chinese yuan steady at 6 spot 38 even will take another look at market action for you on the other side of the top of the hour Ed Baxter has global news from the Bloomberg 9 60 newsroom in San Francisco Eddie All right thank you Doug China's foreign minister Wang Yi telling Taliban government.
CNBC's Fast Money
Report: Samsung Electronics, SK Hynix have conservative DRAM capex targets for 2021
"Was a report today on bloomberg saying that samsung s k hynix. We're going to cut back or keep cap ex on d. rams stable effectively on a year on year basis. It would look like a decline in capital spending on d. around which is in theory good for a western digital as as a micron. Mico what do you like in this space if anything. Yeah so have you see. I'm going to look at it a little bit from an operations perspective. I mean the options markets definitely were very bullish on western digital. I mean obviously we could see that in the increase in the share price. I think it was up more than ten percent today but a lot of these names also were saying some bullish activity going further out expecting basically today's rally persist into the future western digital. I think traded you know some multiple close to three or four times. The average daily call volume went and it's normally trades pretty good volume to begin with so we're looking at seventy to eighty thousand calls straight on western digital bullish flow going out about ninety days or so. You know the other thing i would say is that we have some product cycle. Basically going on here. And i think this is going to be beneficial across the space. I mean You know we're not really looking at this particular area necessarily today the gpu makers and so on we were talking about it yesterday. Things like nvidia and so on I'm also very curious. You know. I'm wondering whether other kind of chip companies like intel might actually get their mojo back. They're probably going to need to do some pretty serious rethinking of their business. And i think dan loeb is looking into that and trying to pressure them to do exactly that maybe getting a focus back on engineering and making the kinds of products that their customers actually want to buy. But i do think that there is potential continued strength in the space going into the new year.
Bloomberg Daybreak: Asia
Intel Enters Deal to Sell NAND Memory Unit to SK Hynix
"Agreeing to sell its NAND memory unit to South Korea's escape Hynix for $9 billion S K. Hi. Next rating Down about 3%.
Bloomberg Daybreak: Asia
Intel enters deal to sell NAND memory unit to SK Hynix
"Is said to be nearing a deal to sell a memory chip division to South Korea's escape Hynix for roughly $10 billion. The Wall Street Journal reported that the companies are discussing a deal that could be announced as soon as Monday. Sources saying specifics of the transaction, including exactly what s K Hynix would be buying couldn't be learned here. The Intel unit makes NAND flash memory products primarily used in devices is hard drives, Thumb drives and cameras company said to report a third quarter earnings Thursday. Often it's
20 Minute Fitness
At-Home Workout 2
"So this one is going to be an intense one so clear some room in your house your garden or wherever tatum at home and tell me some explosive movements. Ms First Up. We get between jumping lunges song regime know how to perform a lunge but all the difference here is not it's apply metric movement is boost cardiovascular endurance as well as lower body strength. So what did you get into the lunch? Position prepared to jump by bending your knees and sinking down into a deep lunge lean slightly forward and contractual on then explode up as explode up and jump into the air. Bring your feet quickly together on twitter. Feed positions is as you begin to land. You should also switch your arm positions as you do as well and then obviously as you. Land maintain a balanced Position you'll forward knee each Catholic bishop Ford made should be over. Your forward foot are not beyond and obviously to make sure that you land softly on the forward mid foot and let your he'll come in contact with the ground and then repeats so that's a first movement the jumping lunch with that. Have a jumping. Squawked say similar to a bodyweight squats becoming the lost episodes but we're GONNA explode upwards instead of stopping at the standing position and jump up arms towards the sky or the ceiling and then landed safely sink into all squats. Repeat we did have the inch. One said the inchworm exercise for a little everything really helps strengthen the muscles of -Tario chain which the front hall your body and also stretches the muscles of your Paul Stereo Trains. Back off your body. So He's talked to me entire body in some capacity and getting the blood flowing again. Start Your feet. Roughly hits and support. Take a big breath. Did that as you exhale. Look down at the ground installed reaching your hands towards the floor in front of your feet allow you back to bend one. Vertebra at a time and place your in front of your feet and start walking your hands away from your feet as you can get further away from your body. Allow you heels to come off the ground as your body begins the straighten so when you huns directly under your shoulders check your phone at this stage because you should be full plank position you'll coal chess quads triceps and shoulders or engaged. Then when you're in the plank start walking your hands back towards your feet until directly in front of your feet and stomach up on repeat the movements again from this begins. Go into a high knees. Say Hynix engage. I'll cool strengthen the muscles in legs and get our heart rates up to improve momentum. A coordination and flexibility so feet hit with Paul together a false explosive action. Lift your knee up towards your chest. Alternating knees each time on next excise thing called a groin. A- now the going is was the two movements not cold. The Groin Outweigh game for the one that is the explosive movement rather than the stretch. So how do we do this again? To Stop for the plank or extended push-up position with Angie jumped. Bertha feet woods chest. Landing with feet next to our hand started on the floor and does jumping off feet up towards a hands again to raise your hands in front of us on. Rays are up a tool so so. We ended up finishing in a deep squat. We have placed on back on the ground in front of us and jump off the back and repeat movement so jumped the feet forward from descended prying colpepper position and then into deep squat and so on jump defeat back so these are all movements. Now is persistent conceptualize circuit. So we're GONNA START WITH FIFTEEN REPS OF ARE JUMPING. Lunges straighten to ten to fifteen reps of are jumping squats. Were then going to straighten to ten inch. Worms followed immediately by twenty five seconds of high knees. I'm then going. Finish the first round of the circuits with ten to fifteen groin as an opponent completion of the Groin. As this marks round one of four soon repeat this three times and hopefully you'll experience your heart rate. Pounding calories being burned sweat working up on. You'll have hot a great at home workout again. If is slightly beyond your experience or ability level than simply adjust the number of rounds of the number of reps exercise or again. Make it more difficult for yourself. By adding rounds or increasing rep counts or trying complete. It's time to say self-assessment time and then try to stick within like I had to do it under excellent time each time we can. We'll keep physically active at home. We just need a bit of space. Our bodies on the determination to continue on as normal despite no hunting James and San Juan to to accommodate us.
Bloomberg Best
Nikkei, Bank Of Australia and Ceo discussed on Bloomberg Best
"And i'm bryan curtis let's get you this hour's top business stories and the markets trade groups are asking the fcc to go slow on how you ask broadband providers deal with china's hallway z t specifically the groups resisting a ban on the use of federal subsidies to purchase product from the two firms the groups say the fcc should not act until homeland security identifies the equipment that poses any threat to networks meantime two of the world's biggest chip makers say that they are now under investigation by china's government more from bloomberg's yvonne man south korea samsung an s k high next say investigators have visited there chinese offices and they are cooperating with the probe by chinese regulators that's after the regulators visited chinese offices of the us rival micron technology last week is good indicate a new front and the growing trade dispute between the us and china china is the world's biggest consumer of semiconductors but isn't among the top ten producers of key components south korea media reports china is accusing samsung and hynix of price collusion in other news starbucks shares slipped more than one percent in late trading founder and ceo former ceo howard schultz is stepping down as executive chairman of the coffee chain shalt said that he's considering a number of options including public service the reserve bank of australia will announce a monetary policy decision shortly the rbi is widely expected to leave the cash rate unchanged let's take a look at markets narrow ranges today thanks hang index is down about three tenths of one percent the nikkei in tokyo is up one tenth of one percent the kospi is trading down about three tenths of one percent yield on the tenure two point nine three percent and crude prices sixty five ten barrel global news twenty four hours a day live and tick tock on twitter powered by twenty seven hundred journalists and analysts in one hundred twenty countries from hong kong.
Bloomberg Daybreak: Asia
China launches DRAM chip price probe into Samsung Electronics, SK Hynix and Micron
"Daybreak asia thirty am here in singapore on juliette sally and i'm doug krizner at bloomberg world headquarters in new york so we've now got markets up and running on the mainland and in hong kong how the hang sang is up about one tenth of one percent but we are seeing weakness now in the shanghai composite it's weaker by about one tenth of one percent bryan will be buying a moment with the very latest on market action right now this hour's top business stories we'll trade groups representing leading us broadband and wireless providers asking the fcc to go slow on banning using federal subsidies to purchase gift from china's while way njit the group representing at and t verizon and others says the fcc shouldn't at before the department of homeland security identifies which might pose a threat to networks the fcc is currently considering banning use of the funds from a program that subsidizes wireless service in rural areas and speaking of tech two of the world's biggest chip makers say they are now under investigation by the chinese government the story from bloomberg's yvonne man south korea samsung an s k high next say investigators have visited there chinese offices and they are cooperating with the probe by chinese regulators that's after the regulators visited the chinese offices of the us rival micron technology last week this could indicate a new front and the growing trade dispute between the us and china china is the world's biggest consumer of semiconductors but isn't among the top ten producers of key components south korea media reports china is accusing samsung and hynix of price collusion in hong kong i'm yvonne man bloomberg daybreak asia oh what's her.
Bloomberg Daybreak: Asia
SK Hynix and Samsung confirm investigation by Chinese regulators
"Negotiating process in the world of trump andrew sheets is at morgan stanley he says don't ignore the problem for reaching the point where these deadlines are coming up whether it's steel tariffs were of its nafta where a decision is going to have to be made either way and i think that that is going to create a more volatile backdrop for markets meantime adam posen he's the president of the peterson institute he was saying just like the smoothawley tariffs in the nineteenth thursdays president trump's tariffs are going to hurt the us economy toot holly took a bad situation made it worse what's what this let's call it trump folly trump folly will in the end could maybe create a recession we didn't have to have so watch for some more fireworks possible on trade when president trump pretends the g seven summit in quebec this weekend yeah certainly when you look at the statement from the finance ministers doug that is what the indication was in the meantime there were watching for a major campaign against president trump's trade policy bloomberg's john mccormack says the billionaire conservative cole brothers charles and david are launching a major free trade initiative they are going to put what they say will be multiple millions of dollars behind the campaign they declined to give us more specific details on that but they're going could be a large effort on their part now the coke network is the most influential conservative entity outside the republican party itself two of the world's largest chipmakers say they are now under investigation by the chinese government that story from bloomberg's yvonne man south korea samsung s k high next say investigators have visited there chinese offices and they are cooperating with the probe by chinese regulators that's after the regulators visited the chinese offices of the us rival micron technology last week this could indicate a new front and growing trade dispute between the us and china china is the world's biggest consumer of semiconductors but isn't among the top ten producers of key components south korea media reports china is accusing samsung and hynix of price collusion in hong kong i'm yvonne man bloomberg daybreak asia now we're looking at shares of starbucks down almost one percent in fact right now late trade that's afterward that a founder howard schultz is leaving the coffee chain we get details from denise pelligrini after nearly four decade run the desert coffeehouse culture into mainstream american life starbucks says.
Daily Tech News Show
Polish Government, Nanjing and Producer discussed on Daily Tech News Show
"A leaked list of e three nintendo games posted to four chan indicates a version of fortnight will come to the nintendo switch euro gamer says it's sources indicate that list is accurate fortnight launched on i o s in march and it's coming to android as well this summer nokia announced thursday it closed the sale of its digital health division to eric correal nokia's health division was created largely by its acquisition of withing which career founded he plans to relaunch windings by the end of the year with products focused on preventative health as usual at the same time nokia announced that chief legal officer maria barcelona will also become president of nokia technologies indicating nokia is going to focus on patents toshiba announced friday it has completed the sale of its chip unit to a consortium led by bain capital to sheba memory is the number two producer of nanjing ups as k hynix apple dell seagate and kingston are also part of that consortium dialogue semi said it expects its main customer apple to cut orders for its power management chips by thirty percent this year dialogue told investors that apple's going to source the chips from two suppliers now and finally central european bitcoin exchange bit pay has shut down operations in poland while also being invited by the polish government to participate in a national blockchain working group but pay was shut out by polish banks and announced may twentyninth it would move its headquarters from poland to malta.
The Bryan Crabtree Show
Asian shares climb as Korea tensions ease, earnings rebound
"Across the region hong kong's hang sang on track for a monthly gain we're seeing tech and banking shares rebounded their yousef it's interesting because pitch just put note they're saying that the korea summit eases tensions but doesn't necessarily cut risks you look at what's happening with southeast asia's largest bank earnings out today how have shareholders reacted and what are other stocks that are moving in the region of the other stocks that's right use if we had those numbers coming through from dbs and dibiase shares in singapore currently holding at a record high they're up by around two percent of the women at thirty is eighty singapore really lifting the overall singaporean banks first quarter net income coming through as a strong base if we have a look at what else is moving in the region i mentioned those tech players in hong kong rebounding so the likes of tencent which is up by almost one percent their taiwan semiconductor in taipei also lifting quite strongly up by one point eight percent and you've got the banks in austria doing well as well they had coming through with their earnings this week bell potter saying that westpac will have a growth cash profit growth i should say because it saying improved performance at some of its consumer and also investment banking unit so we have seen some good moves there to the downside though you are seeing weakness coming through in s k hynix shares in seoul today and that is on the back of a media report on a class action suit in the united states against the three biggest dram chipmakers samsung s k hannukah and micron there is no response from samsung shareholders today though because samsung is actually out of action most of the.