28 Burst results for "Ian Kings"

"ian kings" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:09 min | 5 months ago

"ian kings" Discussed on Bloomberg Radio New York

"This is Bloomberg technology I'm Taylor Riggs in New York Intel said to be looking into building new facilities in Europe as part of its global push to increase capacity This is all according to Bloomberg sources Now CEO pat gelsinger wants to bring more production back to the U.S. and Europe as he tries to restore the world's largest chip maker to its former glory for more on the Bloomberg scoop Let's bring in our very own Ian king You know I have to say I miss you out there in San Francisco but it's good to see you over here in the video verse As we're calling it talk to us about these expansion plans And frankly if it's coming soon enough Yeah I mean if you're talking is it coming soon enough for the chip shortages that everybody's suffering from right now Absolutely not Now these factories take years to make So no initial help there But what else is doing is you know he's got this very ambitious expansion plan new business getting into competing with TSMC Obviously he's committed a lot of money which investors haven't enjoyed reading about the 28 billion in CAPEX for next year a big increase So if he can get some government money whether it's in the U.S. or whether it's in Europe to help pay for this then obviously that's going to make that way more palatable for investors and help him We continue to go global and our discussion Ian because meanwhile Intel has apologized after setting off a social media backlash it came after sending the letter asking suppliers to avoid sourcing from the Chinese region of Xi Jiang That's where the Chinese government has conducted a campaign of forcible assimilation against religious minorities The letter to global suppliers stated quote multiple governments have imposed restrictions on product sourced from the Xi Jiang region Therefore Intel is required to ensure that our supply chain does not use any labor or source goods or services from that region Intel then apologized in another statement saying we deeply apologize for the confusion caused our respected Chinese customers partners and the public And Ian if this does not speak to.

Taylor Riggs pat gelsinger Europe Intel Ian king Bloomberg U.S. TSMC Xi Jiang New York San Francisco Chinese government Ian confusion
Qualcomm stock drops despite earnings beat, 5G sales surge amid supply constraints

Bloomberg Daybreak: Asia

00:57 sec | 1 year ago

Qualcomm stock drops despite earnings beat, 5G sales surge amid supply constraints

"After the battle, Qualcomm reported disappointing sales forecast the chip maker saying sales will be between 7.2 to $8 billion for the current quarter. Qualcomm's results for the last quarter did beat estimates. But some analysts were expecting more. And that's because the Apple, a major Qualcomm customer, reported surging iPhone revenue. Bloomberg's Ian King told us earlier that the company's performance was also occurred by supply constraints. Because of the pandemic. A lot of companies, particularly automakers, looked at the world and we're like, Oh, dear, the world is coming to an end. We're in, you know, collapsed. A. We need to shut down production. We need to shut down our orders with the council orders. So if you don't do that, then a couple of months later they are actually no, It's not looking quiet. But as I thought, that's what can I have Some more chips, please? Those things are not back on the shelves. Ready to go. Qualcomm count the outsources production to TSMC and Samsung and these air among the producers who have struggled to keep up with demand and some areas.

Qualcomm Ian King Bloomberg Apple Tsmc Samsung
"ian kings" Discussed on Daily Tech News Show

Daily Tech News Show

03:18 min | 1 year ago

"ian kings" Discussed on Daily Tech News Show

"Branding it's just won't be made by l. g. This is similar to what nokia and blackberry do where another company doesn't just build them. I mean foxconn. Bill dapple phones right but apple designs them. Lg won't even design. These and other company will design that's why it's od 'em original design manufacturer and then sell the phones under the licensed brand name so all nokia and blackberries are made by other companies and sold under their names The lower and lg phones were already being made by other companies. Now the mid range ones will also be made by other companies as well still sold under the name l. g. will reduce its research and production positions and focused on premium smartphones cutting costs on the production of these mid range phones. So really trying to shave off their losses because l. has had twenty two consecutive quarters of losses in its mobile communications business I don't know that the high end phones are going to last much longer. Honestly given that. They're they're now down to number seven in market share. I think two thousand thirteen was the last time were in the top five. Yeah and the idea of cutting costs and other companies essentially make your your mid range and lower end phones the lg name on it at the end that that makes perfect sense. So lg sane. Okay well our flagship phones. Were still gonna handle that ourselves. Best of luck. Maybe maybe they will have some luck with this but would that many consecutive quarters of losses almost two. Gosh math is hard but twenty. Two consecutive quarters of losses as many years of losses It yeah. I wouldn't be surprised if lg just gets out of the Design manufacturing business totally at some point and keep in mind. There's there's a couple of different. Lg's there's lg display and lg electronics They they have some some connection at the very very top end of the corporate structure but there are essentially two different business. Lg electron ix is the one that does tv's home appliances kitchen. Refrigerators laundry etc. They're doing great with their whitegoods. Like like washers and dryers and refrigerators doing great. Tv's they are obviously not doing so well with phones but phones used to be the bedrock of lg electronics. So i do feel like there's this is. This is a big deal. And and yeah they're gonna make more money licensing out the name than making these low end phones but not as much money as if they had successful phones. Yeah well speaking of successes. The m one isn't the last chip designed from apple it has been available on on certain computers to do a bit of fanfare and it seems obvious but some folks seemed also skeptical of how well that m one ship would be at powering. Bigger max so sure. Macbook air mac mini great. What about the others. The answer is there are other chips for that. Bloomberg's mark gurman and ian kings sources. Say that apple plans to release the new apple. Silicon chip also known as whatever version of the one they call it as early as the spring for larger macbook pros.

lg Bill dapple nokia foxconn lg electronics apple mark gurman ian kings Bloomberg
"ian kings" Discussed on Daily Tech News Show

Daily Tech News Show

03:18 min | 1 year ago

"ian kings" Discussed on Daily Tech News Show

"Branding it's just won't be made by l. g. This is similar to what nokia and blackberry do where another company doesn't just build them. I mean foxconn. Bill dapple phones right but apple designs them. Lg won't even design. These and other company will design that's why it's od 'em original design manufacturer and then sell the phones under the licensed brand name so all nokia and blackberries are made by other companies and sold under their names The lower and lg phones were already being made by other companies. Now the mid range ones will also be made by other companies as well still sold under the name l. g. will reduce its research and production positions and focused on premium smartphones cutting costs on the production of these mid range phones. So really trying to shave off their losses because l. has had twenty two consecutive quarters of losses in its mobile communications business I don't know that the high end phones are going to last much longer. Honestly given that. They're they're now down to number seven in market share. I think two thousand thirteen was the last time they were in the top five. Yeah and the idea of cutting costs and other companies essentially make your your mid range and lower end phones slapped the lg name on it at the end that that makes perfect sense so lg sane. Okay well our flagship phones. Were still gonna handle that ourselves. Best of luck. Maybe maybe they will have some luck with this but would that many consecutive quarters of losses almost two. Gosh i mean. Math is hard but twenty. Two consecutive quarters of losses as many years of losses It yeah. I wouldn't be surprised if lg just gets out of the Design manufacturing business totally at some point and keep in mind. There's there's a couple of different el-jisr there's lg display and lg electronics They they have some some connection at the very very top end of the corporate structure but there are essentially two different business. Lg electron ix is the one that does tv's home appliances kitchen. Refrigerators laundry etc. They're doing great with their whitegoods. Like like washers and dryers and refrigerators doing great. Tv's they are obviously not doing so well with phones but phones used to be the bedrock of lg electronics. So i do feel like there's this is this is a big deal and and they're gonna make more money licensing out the name than making these low end phones but not as much money as if they had successful phones. Yeah well speaking of successes. The m one isn't the last chip designed from apple it has been available on on certain computers to do a bit of fanfare and it seems obvious but some folks seemed also skeptical of how well that m one ship would be at powering. Bigger max so sure. Macbook air mac mini great. What about the others. The answer is there are other chips for that. Bloomberg's mark gurman and ian kings sources. Say that apple plans to release the new apple. Silicon chip also known as whatever version of the one they call it as early as the spring for larger macbook pros.

lg Bill dapple nokia foxconn jisr lg electronics apple mark gurman ian kings Bloomberg
"ian kings" Discussed on Daily Tech News Show

Daily Tech News Show

03:17 min | 1 year ago

"ian kings" Discussed on Daily Tech News Show

"Branding it's just won't be made by l. g. This is similar to what nokia and blackberry do where another company doesn't just build them. I mean foxconn. Bill dapple phones right but apple designs them. Lg won't even design. These and other company will design that's why it's od 'em original design manufacturer and then sell the phones under the licensed brand name so all nokia and blackberries are made by other companies and sold under their names The lower and lg phones were already being made by other companies. Now the mid range ones will also be made by other companies as well still sold under the name l. g. will reduce its research and production positions and focused on premium smartphones cutting costs on the production of these mid range phones. So really trying to shave off their losses because l. has had twenty two consecutive quarters of losses in its mobile communications business I don't know that the high end phones are going to last much longer. Honestly given that. They're they're now down to number seven in market share. I think two thousand thirteen was the last time they were in the top five. Yeah and the idea of cutting costs and other companies essentially make your your mid range and lower end phones the lg name on it at the end that that makes perfect sense. So lg sane. Okay well our flagship phones. Were still gonna handle that ourselves. Best of luck. Maybe maybe they will have some luck with this but would that many consecutive quarters of losses almost two. Gosh i mean. Math is hard but twenty two consecutive quarters of losses as many years of losses It i wouldn't be surprised if lg just gets out of the Design manufacturing business totally at some point and keep in mind. There's there's a couple of different el-jisr there's lg display and lg electronics They they have some some connection at the very very top end of the corporate structure but there are essentially two different business. Lg electron ix is the one that does tv's home appliances kitchen. Refrigerators laundry etc. They're doing great with their whitegoods. Like like washers and dryers and refrigerators doing great. Tv's they are obviously not doing so well with phones but phones used to be the bedrock of lg electronics. So i do feel like there's this is. This is a big deal. And and yeah they're gonna make more money licensing out the name than making these low end phones but not as much money as if they had successful phones. Yeah well speaking of successes. The m one isn't the last chip designed from apple it has been available on on certain computers to do a bit of fanfare and it seems obvious but some folks seemed also skeptical of how well that m one ship would be at powering. Bigger max so sure. Macbook air mac mini great. What about the others. The answer is there are other chips for that. Bloomberg's mark gurman and ian kings sources. Say that apple plans to release the new apple. Silicon chip also known as whatever version of the one they call it as early as the spring for larger.

lg Bill dapple nokia foxconn jisr lg electronics apple mark gurman ian kings Bloomberg
"ian kings" Discussed on Daily Tech News Show

Daily Tech News Show

03:16 min | 1 year ago

"ian kings" Discussed on Daily Tech News Show

"Branding it's just won't be made by l. g. This is similar to what nokia and blackberry do where another company doesn't just build them. I mean foxconn. Bill dapple phones right but apple designs them. Lg won't even design. These and other company will design that's why it's od 'em original design manufacturer and then sell the phones under the licensed brand name so all nokia and blackberries are made by other companies and sold under their names The lower and lg phones were already being made by other companies. Now the mid range ones will also be made by other companies as well still sold under the name l. g. will reduce its research and production positions and focused on premium smartphones cutting costs on the production of these mid range phones. So really trying to shave off their losses because l. has had twenty two consecutive quarters of losses in its mobile communications business I don't know that the high end phones are going to last much longer. Honestly given that. They're they're now down to number seven in market share. I think two thousand thirteen was the last time they were in the top five. Yeah and the idea of cutting costs and letting other companies essentially make your your mid range and lower end phones slapped the lg name on it at the end that that makes perfect sense. So lg sane okay. Well our flagship phones were still gonna handle that ourselves. Best of luck. Maybe maybe they will have some luck with this but would that many consecutive quarters of losses almost two. Gosh i mean. Math is hard but twenty. Two consecutive quarters of losses as many years of losses It yeah. I wouldn't be surprised if lg just gets out of the Design manufacturing business totally at some point and keep in mind. There's there's a couple of different. Lg's there's lg display and lg electronics They they have some some connection at the very very top end of the corporate structure but there are essentially two different business. Lg electron ix is the one that does tv's home appliances kitchen. Refrigerators laundry etc. They're doing great with their whitegoods. Like like washers and dryers and refrigerators doing great. Tv's they are obviously not doing so well with phones but phones used to be the bedrock of lg electronics. So i do feel like there's this is. This is a big deal. And and yeah they're gonna make more money licensing out the name than making these low end phones but not as much money as if they had successful phones. Yeah well speaking of successes. The m one isn't the last chip designed from apple it has been available on on certain computers to do a bit of fanfare and it seems obvious but some folks seemed also skeptical of how well that m one ship would be at powering. Bigger max so sure. Macbook air mac mini great. What about the others. The answer is there are other chips for that. Bloomberg's mark gurman and ian kings sources. Say that apple plans to release the new apple. Silicon chip also known as whatever version of the one they call it as early.

lg Bill dapple nokia foxconn lg electronics apple mark gurman ian kings Bloomberg
"ian kings" Discussed on Daily Tech News Show

Daily Tech News Show

03:14 min | 1 year ago

"ian kings" Discussed on Daily Tech News Show

"Branding it's just won't be made by l. g. This is similar to what nokia and blackberry do where another company doesn't just build them. I mean foxconn. Bill dapple phones right but apple designs them. Lg won't even design. These and other company will design that's why it's od 'em original design manufacturer and then sell the phones under the licensed brand name so all nokia and blackberries are made by other companies and sold under their names The lower and lg phones were already being made by other companies. Now the mid range ones will also be made by other companies as well still sold under the name l. g. will reduce its research and production positions and focused on premium smartphones cutting costs on the production of these mid range phones. So really trying to shave off their losses because l. has had twenty two consecutive quarters of losses in its mobile communications business I don't know that the high end phones are going to last much longer. Honestly given that. They're they're now down to number seven in market share. I think two thousand thirteen was the last time were in the top five. Yeah and the idea of cutting costs and letting other companies essentially make your your mid range and lower end phones the lg name on it at the end that that makes perfect sense so lg sane. Okay well our flagship phones. Were still gonna handle that ourselves. Best of luck. Maybe maybe they will have some luck with this but would that many consecutive quarters of losses almost two. Gosh i mean. Math is hard but twenty. Two consecutive quarters of losses as many years of losses It yeah. I wouldn't be surprised if lg just gets out of the Design manufacturing business totally at some point and keep in mind. There's there's a couple of different el-jisr there's lg display and lg electronics They they have some some connection at the very very top end of the corporate structure but there are essentially two different business. Lg electron ix is the one that does tv's home appliances kitchen. Refrigerators laundry etc. They're doing great with their whitegoods. Like like washers and dryers and refrigerators doing great. Tv's they are obviously not doing so well with phones but phones used to be the bedrock of lg electronics. So i do feel like there's this is. This is a big deal. And and yeah they're gonna make more money licensing out the name than making these low end phones but not as much money as if they had successful phones. Yeah well speaking of successes. The m one isn't the last chip designed from apple it has been available on on certain computers to do a bit of fanfare and it seems obvious but some folks seemed also skeptical of how well that m one ship would be at powering. Bigger max so sure. Macbook air mac mini great. What about the others. The answer is there are other chips for that. Bloomberg's gherman and ian kings sources say that apple plans to release the new apple silicon chip also known as whatever version of the one..

lg Bill dapple nokia foxconn jisr lg electronics apple gherman ian kings Bloomberg
"ian kings" Discussed on Daily Tech News Show

Daily Tech News Show

03:14 min | 1 year ago

"ian kings" Discussed on Daily Tech News Show

"Branding it's just won't be made by l. g. This is similar to what nokia and blackberry do where another company doesn't just build them. I mean foxconn. Bill dapple phones right but apple designs them. Lg won't even design. These and other company will design that's why it's od 'em original design manufacturer and then sell the phones under the licensed brand name so all nokia and blackberries are made by other companies and sold under their names The lower and lg phones were already being made by other companies. Now the mid range ones will also be made by other companies as well still sold under the name l. g. will reduce its research and production positions and focused on premium smartphones cutting costs on the production of these mid range phones. So really trying to shave off their losses because l. has had twenty two consecutive quarters of losses in its mobile communications business I don't know that the high end phones are going to last much longer. Honestly given that. They're they're now down to number seven in market share. I think two thousand thirteen was the last time were in the top five. Yeah and the idea of cutting costs and letting other companies essentially make your your mid range and lower end phones the lg name on it at the end that that makes perfect sense so lg sane. Okay well our flagship phones. Were still gonna handle that ourselves. Best of luck. Maybe maybe they will have some luck with this but would that many consecutive quarters of losses almost two. Gosh math is hard but twenty. Two consecutive quarters of losses as many years of losses It yeah. I wouldn't be surprised if lg gets out of the Design manufacturing business totally at some point and keep in mind. There's there's a couple of different. Lg's there's lg display and lg electronics They they have some some connection at the very very top end of the corporate structure but there are essentially two different business. Lg electron ix is the one that does tv's home appliances kitchen. Refrigerators laundry etc. They're doing great with their whitegoods. Like like washers and dryers and refrigerators doing great. Tv's they are obviously not doing so well with phones but phones used to be the bedrock of lg electronics. So i do feel like there's this is this is a big deal and and they're gonna make more money licensing out the name than making these low end phones but not as much money as if they had successful phones. Yeah well speaking of successes. The m one isn't the last chip designed from apple it has been available on on certain computers to do a bit of fanfare and it seems obvious but some folks seemed also skeptical of how well that m one ship would be at powering. Bigger max so sure. Macbook air mac mini great. What about the others. The answer is there are other chips for that. Bloomberg's gherman and ian kings sources say that apple plans to release the new apple silicon chip also known as whatever version of the one..

lg Bill dapple nokia foxconn lg electronics apple gherman ian kings Bloomberg
Micron raises third-quarter revenue forecast

Bloomberg Daybreak: Asia

00:56 sec | 2 years ago

Micron raises third-quarter revenue forecast

"Here micron technology raised its revenue forecast for the current quarter micron saying that sales will be five point two to five point four billion in the fiscal third quarter we get more here from Bloomberg's Ian king what's driving it really is what's been driving along which is the these massive data centers that the Google is the Facebook's family all night W. **** they're still building out a massive amount of capacity and then the CEO of micron today said look you know these guys are all doing on membership that's a great thing for us it was also a sideline as well and he basically said look we're still optimistic about smartphones and that that situation could improve the year goes on micron CEO Sanjay Mehrotra also saying that he's not concerned about the potential for bloated inventory thing only hallway technologies which is subject to U. S. trade sanctions may have accumulated unused supply of memory

Bloomberg Ian King Google Facebook CEO Micron Sanjay Mehrotra U. S.
"ian kings" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:29 min | 2 years ago

"ian kings" Discussed on Bloomberg Radio New York

"We had some positivity in the equity market it didn't start that way though early in the session we were negative we ended higher with the Dow up up one point six percent after the bell we heard from applied materials the company reported sales and profit below estimates but we have news on Taiwan semi which I will talk about momentarily and that helped to propel app like materials the largest maker of machinery used to make semiconductors up nearly six percent today and in electronic trading Hey Matt shares were up more than three percent we had some congressional lawmakers talking about a potential fourth stimulus bill and at the same time it said that the White House is warming to the idea we had a rally in banks Wells Fargo spiked six point eight percent on some chatter about a merger with Goldman Sachs but the analyst over at JP Morgan who covers the banks kind of poured cold water on that idea saying any deal would be legally blocked due to wells is asset cap energy shares practice at the track the price of crude higher today WTI up a nine percent in New York the I. E. A. saying the market showing signs of improvement right now we're trading twenty seven fifty in the electronic session me K. out of the gate is up one point one percent in Seoul the cost we had six tenths of one percent and in Sydney the ASX two hundred ahead by three tenths of one percent Brian all right Doug thanks for much let's get more details now on the TSMC story so Taiwan semiconductor manufacturing planning to build a multi billion dollar chip plant in Arizona we're told that TSMC has been in negotiations on the deal with the trump administration Bloomberg's Ian king says this move has some geo political implications hi liners we know is a U. S. ally do you know the two countries that supposedly aligned but that will no doubt now the ball away is one you know what kind of qualities one of TSMC's biggest customers so what what's really going on here is a little bit more nuanced and dies basically saying look test and see if he if you want to still be important to us and you still want to work with the Chinese you have to give us something as Bloomberg's Ian king reporting and TSMC at the moment is trading off a little bit down one point four percent well tensions between the US and China have once again taken center stage the White House blaming the Chinese government for the spread of covert nineteen speaking to fox business at what president trump says he's considering taking drastic measures I have a very good.

TSMC president trump Doug Brian Chinese government White House China US Ian king Bloomberg Arizona ASX Sydney Seoul E. A. New York
"ian kings" Discussed on KOMO

KOMO

01:50 min | 2 years ago

"ian kings" Discussed on KOMO

"Calm almost Charlie harder as the storage of energy Inslee says people should think about avoiding large gatherings of people but for now he's not going to order anything this is a day to day decision we are intensely interested in the US I will make the right decision at the right time at the moment we have taken the right action which is to ask people to start to think about these questions in their own lives but he says he's not the only one making decisions I want to reiterate to that other agencies have independent authority in decision making about these activities as well like Senate Republicans Inslee is asking for a hundred million dollars in emergency funding for the department of health Charlie harder colonials Washington state now has six deaths from corona virus all Ian king county the one who was astonished county man in his forties no other information is available about him but the others who died were people who had underlying health conditions elderly people or both so right now those people are advised to minimize the risk of exposure the county health officer Dr Jeff Duchin says they expect the number of confirmed coronavirus cases to grow over the next several days and weeks risk for all of us are becoming infected will be increasing and although most of the cases will be mild or moderate the infection can cause serious illness and there's a potential for many people to become ill at the same time which it says that's what they're trying to avoid because it could overwhelm the health care system king county executive Dow Constantine has signed an emergency declaration he says the counties in the process of purchasing a motel that they can use to house people sick from the virus as they recover the plan also calls for the use of modular homes so they can have space for even more people if needed the outbreak of coronavirus in Washington appears to be concentrated attic Kirkland nursing home more from college Jeff Pojulu awfully fifty people who either live or work at the life care.

Charlie Inslee US officer Dr Jeff Duchin Dow Constantine Washington Jeff Pojulu Senate Republicans Ian king executive Kirkland
"ian kings" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:42 min | 2 years ago

"ian kings" Discussed on Bloomberg Radio New York

"So even though they're not in the iPhone the moment getting paid a fee because the technology is right they were the one that one and but it really well contained in terms of that should be in it until at some point next year probably this time next year when apple comes out with its next version of its iPhone when you'll see us welcome silicon in our phones again you know Morgan Stanley analyst coming into this call said the fourth quarter which is what they reported it looked good but it was really next quarter that first quarter fiscal year that might have been too optimistic but if the shares a rising you get a feeling that maybe they weren't too optimistic our investors pretty happy that maybe the first quarter that next quarter is right in line I think they're getting some credit for having being conservative about the call today just reported and then proved through their own execution that actually did better so that buys them credibility when they go out and say things getting incrementally better and gain on obviously people like about people want you know this company to go back to grow and finally just in top shape at the top in management there naming a new CFO how big of news is this I mean this guy has been with them a long time he's been in the chip division that basically the head of the finance division on the coli on some a lot of questions he was obviously very very entrenched in the company and understands the business model and I'm getting an outside perspective here they getting a very much somebody knows this company keeping an internal Bloomberg technologies Ian king thank you for joining now Microsoft president Brad Smith shares his new book in his take on working with the US government bloomers Tom Giles sat down with him in an exclusive interview on Bloomberg Studio One point now take.

"ian kings" Discussed on WAFS Biz 1190

WAFS Biz 1190

02:26 min | 3 years ago

"ian kings" Discussed on WAFS Biz 1190

"This is Bloomberg businessweek with Carol Masur Angie's in Kelly from Bloomberg radio so one of the last great corporate rivalries out there has to be Intel verses A. M. D. battling for dominance in the world of semiconductors nobody knows that better than Ian king and this week he brings us a story from AMD's perspective in where they are under the leadership of their relatively new CEO Lisa su so he and tell me about the system she is an engineer I mean she's the first female leader and the fifty year history of the chip industry's he's caught probably one of the most gold to tend to resume as you could possibly have in the engineering world and I. T. P. H. the you know up through the ranks at IBM Texas Instruments TI he has a pedigree and now she's responsible for trying to bring AMD back from the brink and I'm finally make it a company that actually acts like a company rather than just another rolls around all right to take it back because as I said at the top this really is one of the great rivalries but you have to go back decades to really understand the roots of it yeah I mean most most companies are funded within a year of each other and all of that leadership came from out of the same sort of stable of of working back in in the day in the same companies and Jerry Sanders is a frustrated actor no very very high on his own appearances on confidence in his sort of talents and and sort of was the sort of flamboyant and personality in the semiconductor industry if if you could say such a thing and as you mentioned it you know that the the company really came into being as kind of a second cels for Intel unfortunately it's full these kind of suffered in that lights throughout its history and it's always been that a percentage of Intel in terms of resources in terms of size in terms of market share and you know Jerry tried to make up for that with so the flamboyant see he would regularly you know do things like create posters why he was Indiana Jones and Intel's Andy Grove was this character sat to the side shrieking and Skadden unfortunately though for for those who invested in name be quite a lot of the time the things that he would promise kind of wouldn't come true nobody.

Carol Masur Angie M. D. Lisa su engineer IBM Texas Instruments TI Jerry Sanders Intel Indiana Jones Andy Grove Skadden Bloomberg Ian king CEO fifty year
"ian kings" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:30 min | 3 years ago

"ian kings" Discussed on Bloomberg Radio New York

"Welcome back to Bloomberg technology I'm Taylor racing for Emily Chang now to how U. S. chipmakers press the White House to ease the ban on Wall way news has learned that president trump's decision to allow US companies to continue selling to walk away followed an extensive a lobbying campaign by the semiconductor industry the main argument the blanket ban the trump administration imposed in may could hurt America's economic and national security and multiple high level meetings and a letter to the commerce department US chip makers argued for targeted action against wal way instead of an overly broad restrictions for more I want to bring in Bloomberg technologies Ian king in San Francisco Ian I kept hearing that wall way was a national security threat however these chip makers now making the case that it's not yeah I mean that was a very good question Tyler that not outright saying look we we need to give away a pass on this I'm not saying everything's okay what they're saying is that the action of the nature of the action taken by the U. S. is actually being counterproductive that by basically hating US semiconductor makers in the largest market that's going to create a situation whereby US security is threatened because this country needs a very strong chip industry China is the largest market what has been the reaction from the trump administration to me it seems like a little bit of an about face.

Emily Chang White House trump US America Ian king Tyler Bloomberg president San Francisco industry China
Micron resumes some chip shipments to Huawei, boosting stock

Bloomberg Daybreak: Europe

01:02 min | 3 years ago

Micron resumes some chip shipments to Huawei, boosting stock

"Meanwhile shares a micron technology surge as much as eleven percent in the after hours trade yesterday because the chip maker announced it has resumed some shipments to weiwei micron says some of the products it sells are not subject to a recent u._s. ban as bloomberg's ian king reports micron may be taking advantage of a loophole if the technology is basically designed created and ponted alf web and in theory well not means for the product is that you can continue to supply it without causing these new regulations sales to chinese telecommunications the chinese telecommunications company while way generate about thirteen percent of microns annual revenue and by the way if you're checking out micron stock on the bloomberg terminal and you want to see all of its customers and its suppliers just type n you u._s. equity s. p. l. c. go and you can use that s c command for any stock to see a pretty awesome supply chain

Weiwei Micron Bloomberg Ian King Thirteen Percent Eleven Percent
"ian kings" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

04:53 min | 3 years ago

"ian kings" Discussed on Bloomberg Radio New York

"Our show, available is they're having fun now, just like right now with three bucks spring collection. I saw the pictures. I saw the pictures and then, like the little flex where you're like I'm seeing since such cool stuff, but I can't really tell you what it is. Sorry. Sorry. Browse it would people do that little bit. Let's talk about the number to decline in the S and P five hundred. We're talking about the ticker q r v show and we're talking about Cuervo and you had, but Bubba Morgan Stanley come out, and they talked about the semiconductor companies such as Micron that may see their sales at risk on the reports that US firms may be banned from selling products to while we technologies according to the Morgan Stanley Group analysts led by Joseph more. So Micron got thirteen percent of its sales from always the last two quarters. The Allah said, our f- networking company sky works in CRO, derived about ten percent of sales for the Chinese from broadcom's exposure is in the mid single digit. So people really watching sky works 'cause you never three decline or four point eight percent. So you did see some of that reaction play out on the street. So here's something interesting in the world of semiconductors because I love to talk about chips. I got in king a couple of weeks ago. Jason ships Kelly. Now, I just I worship at the altar of Ian king who is an. Andrea Vasan to chip gurus one non for BI in for beyond what's so interesting. And it's so of course I go to Ian king story because Applied Materials. A Matt is one of your biggest gainers I in the SNP, and what solution about that is a Matt, as you know, is cheap equipment maker, so they don't make the chips. They make the machines that make the chips and their confidence is essentially allowing investors to say, maybe the slowdown for the chip makers for the sky works and the Corvo than the others of the world. This may be short lived because those companies are still buying equipment. Correct a Matt and those results looked pretty good. So it's a really interesting way in a and can talk about this much more eloquently than I but this is a cyclical business alternately, and they buy more, because they're going to make more. It's, it's not that complicated. But it's important to understand, right? You. We lump all the chip names together. But they're different parts of kind of what goes on in the Senate in different in different. Chipmakers even are exposed differently. I wouldn't take a quick look at Invidia which is down interestingly the result was up yesterday in the aftermarket trading. But now analysts are little bit lukewarm as they dug into those numbers I just want to mention Amazon, this is an interesting story today on leading a five hundred seventy five million dollar investment in delivery. I like to saying buying a slice of the fast growing startup. Really, pinning it directly against Uber as they all compete for the European food delivery industry. I did see Amazon shares down about two percent in today's trade. I don't know if it had anything can correct. You know, connect with that, that's not necessarily huge investment when it comes I mean, half a billion dollars but in the world of nine hundred and twenty billion dollar market cap company. I don't know that investors are negatively weighing in on that. But I just thought it was interesting to see want to briefly mention tesla that name was down pretty significantly today. Let's see where it ended up, I think down seven ish percent. Yes. Seven and a half percent and seventeen bucks. Yeah. Now thirty six percent this year, right, hardcore job cuts and release. Slicing into where they're going severe. Follow possible ever core saying after that model three deaths related to the auto pilot crash. I just wanna mention the volatility index report on this Friday. I did she shoot up a little bit has stocks went lower Vicks ending on this Friday up five percent at sixteen point eight four. The week of role Jason Kelly Vicks was just up about a quarter of a percent in deed. All right, for this listening on your local Bloomberg station here in New York in San Francisco, or Washington. DC cover to the PGA championship is coming up on Bloomberg radio. Bloomberg businessweek. Week. We're continue on Sirius XM channel one nineteen the Bloomberg business. Iheart radio dot com mobile apps and at Bloomberg radio dot com for now. Let's get a check on world and national news with Bob moon. He's in the eleven three oh, newsroom here. New york. Thank you. Jason was a chance for the president to appeal to his business base. Donald Trump addressing the national association of realtors in Washington DC this afternoon, an audience that cheered wildly as he told them with a smile that he had decided to take a break from his real estate business. He called it an eight year. Sabbatical. But.

Jason Kelly Vicks Bloomberg Donald Trump Matt Ian king New York Bob moon Micron Washington Amazon broadcom Morgan Stanley Group Bubba Morgan Stanley Andrea Vasan US Applied Materials SNP Cuervo national association of realto
"ian kings" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:13 min | 3 years ago

"ian kings" Discussed on Bloomberg Radio New York

"Company, east to preserve national security, and you'll have been sovereignty. The icing. Now. On wall. Country. He's not. Meantime, the United Kingdom is considering excluding Warwick Whitman from the core of its five G network. But while we just always say five G smartphone that just today. All right. We mentioned that we were watching Invidia closely earnings just down the stock now of two point four percent. Just starting to show has mentioned we had a six percent gain. So a little bit of fluctuation happening the company did come out with the forecast for the current period. That shows makers of gaining computers are beginning to order graphic chips, again, working through the inventory. Bloomberg's Ian king says the narrative isn't that a beat, but it's what investors wanted to hear. Getting things stabilizing things on getting worse on the right that they had been on the CEO in his coming to sign. Look. We, we want to send we're back to growth and considering the fact that they've been on about the positive, and you may recall that NVIDIA had been hit hard lately, as demand for among growl, or four graphics chips, used by crypto currency, minors, dried up by do Hsieh's down almost nine percent in the such a check on them in authorizer says well, it's reporting its first loss since it went public, some fourteen years ago. Let's get details from Bloomberg's Yvonne man by looking at a net, loss of more than forty seven million dollars for the last quarter almost twice as big as some analysts estimated the online search giant dominates about seventy percent of China's market, but struggling with rising costs and slowing sales in a weakening economy. Plus, escalating costs in content and marketing Bakool. Britt departure there as well. Hi lo senior VP of search has resigned in Hong Kong. I'm Yvonne man Bloomberg daybreak Asia. Yeah, he had been there for fourteen years. All right. Former fed chair, Ben Bernanke key talking here about the fed maybe easing again. He says the fed could use quantitative easing again, if needed to avert a recession given the experience we.

Bloomberg fed Ian king Ben Bernanke Warwick Whitman United Kingdom NVIDIA senior VP Asia Invidia Hong Kong CEO Britt Hsieh China authorizer fourteen years five G
"ian kings" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:59 min | 3 years ago

"ian kings" Discussed on Bloomberg Radio New York

"May not. And and that makes it easier to focus on the Chinese negotiations and not overload. The team Trump is scheduled to visit Japan later this month. And there's also word that the United States is nearing deal with Canada and Mexico to remove US steel and aluminum tariffs. Treasury Secretary Steve Mnuchin saying it's part of the discussions about a new trade agreement among the three countries. Mnuchin also told the Senate hearing that he's hopeful but not confident about a deal with China. You know, the talk about how China could potentially sell some of its US treasury holdings as leverage and trade talks with it did dump some recently. Bloomberg's Denise Pellegrini has details. China's stash of US treasuries fell in March for the first time since November dropping by more than ten billion dollars from the prior month to one point one two trillion. That's the value of the UN slipped by about three tenths of a percent. And if the currency's value is any indication China may have trimmed its holdings even more after that the currency's lost more than one percent since may six as President Trump unleash new tariffs on Chinese goods. Still China remains the largest US holder of treasuries, followed by Japan, Tokyo's holdings increased in March. Denise pellegrini. Bloomberg daybreak Asia. Cisco shares up more than two percent right now in late trading. It's odd for the bullish sales and profit forecast. Bloomberg's Ian king calls it quite a turnaround command in Canada quota was across the board. Expected to mind with strong. What is we're up, and guess what we see that continuing. And that was really what we're concerned, you know, that the quota might be okay. But the environment was definitely getting worse. Cisco's saying, well, no, that's not the case. Yeah. Cisco says sales in the fiscal fourth quarter will increase as much as six and a half percent from the same period a year ago rish. The leaders of New Zealand and France have joined with the world's biggest online platforms to curb online extremism at Baxter has.

China Bloomberg Denise Pellegrini Cisco United States Trump Canada Japan Steve Mnuchin President Trump UN Senate Asia late trading New Zealand Ian king Tokyo Baxter Mexico
"ian kings" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

03:27 min | 3 years ago

"ian kings" Discussed on Bloomberg Radio New York

"To a foreign power like that from out of this. The western hemisphere and acting on their directions is a big big mistake from Mr. Madera in the Monroe doctrine, prohibits interference by European countries from interfering in the western hemisphere in San Francisco, I'm Ed Baxter. This is Bloomberg. Doug. All right. So after the bell here in the states at Qualcomm gave a lackluster third quarter sales forecast and the company cited weaker demand for smartphones in China very little in the way of news there, but there were some positive surprises for more on the Qualcomm story, we're joined from our bureau in San Francisco by Bloomberg's Ian king in always a pleasure to have the chance to benefit from your knowledge of what's going on in the semiconductor space. So part of what's going on with Qualcomm story is is the payout from apple. Right. Yeah. Absolutely. Coming into this investors. We're looking for two things basically how well did call come to in terms of the settlement that it made with apple to end these two year of bitter legal dispute. So we've seen. Obviously does the on going question of of Qualcomm in its place in the small hunt industry, and how is demand finding in particular massive industry. Absolutely the whole deal with with apple was meant to I suppose give the says a bit more of an impetus. But I guess that's already baked ten. But when you go to say that China is going to be hurting the the company for the next couple of decades. What does that mean taken as he I mean, he next couple of cool to a couple of decades would be scary. But yeah, no the way they explained it was we've got five G coming five is sort of here now in some places, but realistically, it's it's going to be a Christmas present, I think his high one of the executives described it so between now, and then we're really not going to say much of an impetus in the smartphone market for consumers to get out there. And in fact, quite the reverse that if you think something new and fantastic is coming. Why would you go and spend money on a phone right now that was really what they were? So they essentially a corner the market when it comes to these five gene modems which allow devices to connect to the network. And I'm curious whether or not most of that demand is going to be driven by smartphones. And let's say from the next generation of the apple phone or whether or not they're beginning to kind of realize that some of the technology that will drive autonomous cars and the internet of things will really demand connected to two networks at a five G rate. I mean, are they beginning to to delve into those areas at all? Yeah. I mean, they said, you know, demand in in those areas that you just mentioned is is really good, and they're very happy with the way it's going more of an industrial play than a consumer play. You know, some of the things that they thought might help them out some consumer devices that come with increasing technical sort of connective just aren't really taking off right now. But the hopeful tons of the industrial side, and obviously automotive gets lumped in with as you just mentioned, definitely not always a pleasure. Thank you so much for joining us. Bloomberg's Ian king talking about the results from Qualcomm after the bell in late trading. The stock. Gapped up about four percent following those results. A lot of tech strength though in that primarily had to do with apple even though the US equity market overall was down. Apple shares powered up by about five percent.

Qualcomm apple Bloomberg San Francisco Ian king China Mr. Madera Doug Ed Baxter US late trading five G five percent four percent two year
"ian kings" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:26 min | 3 years ago

"ian kings" Discussed on Bloomberg Radio New York

"Do you think that the Bank of England will actually follow through where is the business in market information? That drives your success. This game of chicken is going to end the and where will you find information on political events around the globe? Is this going to have an impact on the Chinese economy anywhere? And everywhere you are is America energy independent. Bloomberg radio the Bloomberg business app, and bloombergradio dot com. Bloomberg the world is listening. Apple and Qualcomm have spent over two years fighting over patent licensing around the globe. Now, they're heading to court again trial started in San Diego where a federal jury will decide if Qualcomm engage in a legal patent licensing practices and whether apple had the right to stop paying royalties for it. Both CEOs are expected to testify in the trial which could last long as five weeks joining us to discuss Bloomberg's Ian king and Matt Larsen vice president of oceanic ventures, which focuses on investment opportunities in late stage. Private tech companies. He's also a former litigator equity analyst focused on the impact of tech lawsuits on financial markets. So first of all set the stage for us jury selection started in San Diego. What's next we might even get the opening statements today, but the state is this is the main of this is kind of what we've been waiting for a couple of years as you said Qualcomm will find out whether it can full of. Household basically to do what it said it should it on which is get paid. And it's talking seven billion dollars probably more at this point. On the flip side of we're going to have a jury decide whether apple is right. Whether the call is being not, basically, whether they've been illegally full thing. People to pay these play license now Matt we've seen apple have the upper hand within Qualcomm have the upper hand we've seen different courts around the world rule in the other favor. So who has the upper hand now? When you get to trial like this. It's really asking who has the upper hand a coin flip, especially when you're going to a jury about licensing antitrust questions. It's a five week jury trial and some things that can be pretty dry, frankly. So the overall dispute I tend to think that Qualcomm has a has a slight upper but apple has some strong arguments. Qualcomm is facing a lot of pressure from regulators from kind of the licensing drought that they've been going through for the past couple of years. So the overall dispute has certainly taken.

Qualcomm Apple Bloomberg San Diego equity analyst Matt Larsen Bank of England America vice president seven billion dollars five weeks five week two years
Tech stocks battered after disappointing Amazon and Alphabet results

Bloomberg Best

00:52 sec | 3 years ago

Tech stocks battered after disappointing Amazon and Alphabet results

"Asian shares have turned mostly lower tech stocks fell in late US trading after disappointing results after the closing bell. They also raised some concerns about the trade war Intel shares finished slightly higher. The semiconductor giant had a positive revenue forecast for the current quarter. But Bloomberg's Ian king says Intel was also concerned about trade tension during the conference call with analysts the. CEO the interim CEO Bob swung sort of chimed in that, you know, headwinds maybe next year would be the China trade situation reminded people that China is enormously important in the supply chain and one of Intel's biggest markets Amazon fell about eight percent after giving soft guidance for holiday sales. Amazon also mentioned weakening international sales, alphabet class A-Shares down about three percents that was after

Intel Amazon Interim Ceo CEO China Bloomberg United States Ian King BOB Eight Percent
AMD's New Radeon Pro V340 Graphics Card: What You Need To Know (NASDAQ:AMD)

Bloomberg Businessweek

01:41 min | 4 years ago

AMD's New Radeon Pro V340 Graphics Card: What You Need To Know (NASDAQ:AMD)

"Some other names s., and, p. five, hundred. Jason three hundred sixty one names, hire one hundred thirty seven lower. Seven, unchanged I know you're the chip guy but I gotta talk about. AMD yeah number one gainer in the. SNP up five point three percent today highest level. In more than a decade they debuted a new graphics card over the weekend it's called the radio on pro v. three forty. Graphics card companies saying it can power the, most demanding, data center visualization workloads it's expected to develop on the. Fourth quarter, but anyway so. It sent AMD hired the whole socks index up one point six percent today Intel. Also gaining one and a half percent AMD's up thirty percent. In a month we have not seen a run like this at some point. We're going to have to bring Ian king to give us some historical context he's been watching this for a, long time and he and I go back aways back to that Early two thousands yeah, when we were watching these names. And. Let me tell you AMD was not doing this back then I. Mean Intel was had a boot on. Their neck proverbial much smaller player right I mean. They've always sort of hung around the hoop in a lot of ways that they had some CEO turmoil Fred time and they. Have never really been able to catch up, but I, mean this has been a just a tremendous them seven. Straight seven, th straight day. Of gains their longest winning streak in two years it's amazing it's pretty pretty amazing. As you say the biggest gainer in the in the SNP. And driving a lot you know that SOX is is an index that people. Really do watch very closely as a broader economic indicator because everything's managed you and me to know

AMD Jason Kelly Twitter Jack Dorsey Bloomberg CEO Carol Massar Charlie Pellett Intel Fred Time SOX Ian King United States Hernandez Ford Mexico P. C. M. G.
Intel shares slide as earnings beat

Bloomberg Daybreak: Asia

02:42 min | 4 years ago

Intel shares slide as earnings beat

"Believe that Amazon will be able to build high margin businesses. In the future and that's why when they see the beach they say home I God. Like the gross margins are getting much higher, than Amazon's gross margins have been historically, which have been incredibly low. And I think that's a sign that they, may be moving more in that direction they're going to start to, really push. On the stuff that is high margin that they haven't done in the past Amazon also says it's recent acquisition of whole foods is helping boost growth in Amazon prime we were talking about Intel earlier Have those shares down. About four percent in late US trading the company beat on nearly every, metric also boosted its full year outlook however some analysts are seeing signs that growth may be slowing. As we approach the end of the year Bloomberg's Ian king and San Francisco saying. That investors may have gotten their hopes up, too much after, the success, of some other tech companies doing better than expected and. Companies like Google Tom continue to spend a lot of, money on on the server business is one thing that the Wall Street arenas going. To be very closely focused in on maybe some signs of that business for Intel is slowing just a bit analyst. Crunching the numbers on the revenue target for the year are now saying that the fourth. Quarter may be a slow one Starbucks says fluctuating in. Late trading this is up, to. The latest quarter, was a bit pardon, the pun here a bit of a grind one of them limericks Denise Pellegrini global sales at, the coffee chain slightly exceeded expectations and revenue was higher than anticipated but sales fell two percent in China at Starbucks has been hanging. Hopes, for future expansion and Starbucks plans to start a nationwide delivery program in the country by the end. Of, the year that's after testing in some key markets and they'll be using third party service for this but haven't decided yet who and as for the United States Starbucks says it, plans to boost spending on advertising Denise Pellegrini Bloomberg daybreak Asia we got a warning from China when it comes to the countries of macro economic picture kind of. Coming by way of the IMF the story from Bloomberg's Yvonne man the IMF says China's economy is robust but the negatives are increasing the report put together after consultations with China's government says market base Reforms could lead to unsustained stable growth but it warned reversion to credit, driven stimulus with further increase vulnerabilities that could. Lead to what it calls, an. Abrupt adjustment the, IMF also says Beijing, disagreed with its assessment of. China's monetary policy in Hong Kong I'm Yvonne man Bloomberg daybreak Asia Well China is not.

Amazon Starbucks China Bloomberg United States IMF Intel Denise Pellegrini Asia Well China Late Trading Google Beijing Hong Kong San Francisco Asia Analyst Ian King Four Percent Two Percent
Micron barred from selling chips in China, rival says

Bloomberg Daybreak: Europe

02:30 min | 4 years ago

Micron barred from selling chips in China, rival says

"In paris frankfurt or brussels good morning everyone i'm nara chayhitch marcus carlson and i'm markus karlsson good morning it helps if actually pressed the little button that turns my microphone on doesn't it we've been looking at another day all the losses over in the asian session even as the chinese yuan recovers from its recent losses equities in mainland china and other markets still under pressure hong kong for instance down by as much as one point four percent i'm talking there of course about the hang seng index at the same time though the asia pacific index has been preparing previous lawsuits still down though still in negative territory of by about two tenths of one percent the topics in tokyo closing marginally higher european futures they are pointing to a weaker open for european equities as well euro stocks fifty futures off by quarter of a percentage point we're seeing footsie futures off by tenth of one percent dax futures by one third of one percent when it comes to ethics the chinese yuan still very much in the spotlight it is rising though for a second day after the pboc pledged yesterday to keep the currency stable both the onshore is what is the offshore yuan rising the offshore by six tenths of one percent the dollar remains under pressure for second day against other major currencies with the bloomberg dollar spot index now at a three week low of about two tenths of one percent all prices rising today with wti currently climbing by let's see run about half of one percent at seventy four dollars and forty eight cents let's turn to our top stories marcus on a chinese court has temporarily banned micron technology from selling chips in china cutting the us company off from the world's largest semiconductor market that's according to microns taiwanese rival umc which says a payton ruling was issued in its favour blocking micron from selling twenty six products in the country bloomberg's ian king says this impacts microns dynamic random access memory from the us perspective from the market here investors in micron stock here on something of this magnitude is not what i wanted to be reading about micron says at this point it hasn't been served with an injunction at the same time we've been hearing about thi this as the shares have jumped after the company was handed a lifeline and allowed to resume business in the us at least temporarily the band though that's been put in place on said t e business may already be hurting the company this is bloomberg understands that the firm lost out to erickson for six hundred million euro contract supply wireless equipment to win trae which is a.

Ian King Erickson Payton United States Asia Markus Karlsson Brussels Paris Frankfurt Bloomberg China Pboc Tokyo Marcus Carlson One Percent Seventy Four Dollars Four Percent
Eight Percent, Seven Percent and Five Percent discussed on Bloomberg Daybreak: Asia

Bloomberg Daybreak: Asia

02:59 min | 4 years ago

Eight Percent, Seven Percent and Five Percent discussed on Bloomberg Daybreak: Asia

"Us right now this hour's top business stories of micron technology plunged more than five percent in the us session that is afterward a chinese court temporarily banned micron from selling its chips in china microns talent as rival umc says the patient ruling in its favour blocks micron from selling twentysix products in china bloomberg's ian king says this includes microns dynamic random access memory and flash memory products from the us perspective the market here investors in my doc tehran something on this magnitude is not what they want to be reading about micro and says it hasn't been served with the injunction and what comment until it does so you mentioned the weakness in micron stock that helped drag the philadelphia semiconductor index the socks down by one point eight percent also week during the us session where shares in tesla down more than seven percent that's after an analyst over at bernstein is suck inaki this is tony sock inaki he questioned the automakers claimed that the model threes made on a tent covered production line were of the same quality as those made inside the plant he also says that reservations this would be for new orders for the vehicle that would be for the model three maybe slightly down well it looks like cryptocurrencies pretty much getting outlawed in india at least fennell is bloomberg's ramy inocencio reports the country's supreme court is supporting the move india's top court has refused to overturn a temporary central bank rule banning lenders from dealing in crypto currencies a public interest litigation brought by virtual trading platforms had been challenging that ban the high court's move means financial institutions have until the end of this week to exit these operations india's financial regulator is defending its turf when it comes to managing electronic money and also trying to cut off an avenue for crimes using digital coins the finance ministry is studying the issue before releasing its final ruling ramy inocencio bloomberg daybreak asia as the us china trade war looms if you can call it that maybe we're just about that the trade war level yet or right now chinese government bonds have outperformed other sovereigns at the fringe of the crisis that story from bloomberg's david ingles in this case it helps to be near the epicenter rather than out of the fringes chinese and south korean notes are rising as the jumping protectionism rattles the two countries stock markets the flight to safety has bolstered government debt that in china's case it's actually ushered in more dovish monetary policy also a big help in contrast of indonesia india and the philippines are somewhat removed from the turbulence but the currency weakness and those countries has actually pressured their debt in hong kong i'm david ingles bloomberg daybreak asia of course there was a pullback off a us stokes ahead of the independence day holiday and we are seeing a little bit of weakness coming through in asia to let's get all the latest who bryan curtis in hong kong brian all right thanks very much juliette we'll just start off with the malaysian authorities charging former leader najah razaaq with criminal beach.

Eight Percent Seven Percent Five Percent
India’s cryptocurrency ban has already taken its first toll

Bloomberg Daybreak: Asia

04:37 min | 4 years ago

India’s cryptocurrency ban has already taken its first toll

"In singapore and juliette sally and i'm bryan curtis trading is underway now in some of the big markets in tokyo and in sydney and seoul we still have ninety an hour to go before we get to hong kong shanghai definitely selling in these markets this morning most of the major indices down about a quarter to a half of one percent and we'll get details with doug krizner in a moment but for now the top stories of the hour well she has of micron technology plunged more than five percent in the us session that is afterwards a chinese court temporarily banned micron from selling its chips in china microns town as rival you mc says a patient ruling in its favor blocks micron from selling twentysix products in china bloomberg's ian king says this includes microns dynamic random access memory and flash memory products from a us perspective from the market here investors in micron stock tehran something of this magnitude is not while they want to be reading about micron says it hasn't been served with the injunction and white comment until it does tesla shares slid seven and a quarter percent in this latest session that's after bernstein analyst tony sock inaki questioned the automakers claim that model threes made on a tent covered production line were of the same quality as those made inside the plant he also says reservations for the vehicle may be down slightly looks like cryptocurrencies pretty much getting outlawed in india at least for now is bloomberg's ramy inocencio reports the country's supreme court is supporting the move india's top court has refused to overturn a temporary central bank rule banning lenders from dealing crypto currencies a public interest litigation brought by virtual trading platforms had been challenging that ban the high court's move means financial institutions have until the end of this week to exit these operations india's financial regulator is defending its turf when it comes to managing electronic money and also trying to cut off an avenue for crimes using digital coins the finance ministry is studying the issue before releasing its final ruling ramy inocencio bloomberg daybreak asia well as the us china trade war looms chinese government bonds have outperformed other sovereigns at the fringe of the crisis bloomberg's david in grace has the story in this case it helps to be near the epicenter rather than out of the fringes chinese and south korea notes are rising as the jumping protectionism rattles the two countries stock markets the flight to safety has bolstered government debt and in china's case it's actually ushered in a more dovish monetary policy also a big help in contrast the likes of indonesia india and the philippines are somewhat removed from the turbulence but the currency weakness in those countries has actually pressured their debt in hong kong i'm david ingles bloomberg daybreak asia well there was a pullback on us markets and we are seeing mostly weekends coming through here in asia to let's get all the latest ray doug krizner in new york yeah you really had to look at the tech story and it's really about micron and the chinese court order temporarily banning micron from selling chips in china so we had the philadelphia semiconductor index the socks down about one point eight percent the nasdaq composite weaker by about nine tenths of one percent down snp were each lower by about one half of one percent we also saw big pullback in the dollar against the majors with the bloomberg dollar spot index losing about six tenths of one percent it produced a stronger yen which takes us to tokyo and bloomberg's jeff sutherland who's got his eye on not just dollaryen but on the japanese equity market is well good morning jeff good morning doug it's interesting if you look at the yen with all the talk of the looming trade war now the current tea is actually been fairly subdued and we saw the weekend for five straight days through monday but now with the chinese market in in turmoil and as we approach the implementation of trade tariffs side friday the yen is getting stronger gained zero point three percent yesterday and it's up almost zero point two percent right now and for stocks that the nikkei is down for a third day zero point five percent right now and is trading near the lowest levels in april and he said tech shares getting hate here they're leading declines after the chinese court temporarily banned chip sales at micron we see sony is down one point five percent and intendo has dropped more than three percent and they also look at automakers they're down group also even after strong monthly sales data from.

Tokyo Singapore Juliette Sally Bryan Curtis One Percent Five Percent Three Percent Eight Percent Two Percent
China Weighs Cutting Car Import Duty by About Half

02:07 min | 4 years ago

China Weighs Cutting Car Import Duty by About Half

"Morning to all our listeners just joining us right now seven thirty in the morning here in hong kong i'm david ingles and i'm doug krizner at bloomberg world headquarters in new york where we had a rally in the equity market after some strong earnings stronger dollar to pardon me incidentally one oh nine thirty three in the dollaryen boy i just inhaled something that's not too pleasant futures on the nikkei pointing higher by a little bit more than one hundred points we'll take a closer look at markets in a moment right now top business stories let me get started here with shares of amazon were up what are we doing now more than six percent lay trade that's after the company forecast casting stronger than expected profit this current quarter now growth prime subscribers that seems to be key here for the company at the moment profitable cloud computing division also helping things along among the reasons really for to strengthen the guidance there doug david goldman kind of made this point about the connection and growth with the cloud computing and the computer chip market we're going to talk about that with ian king coming up bloomberg's ian king from san francisco will look at the intel story coming up and the chip market overall ping on insurance also a stock to watch today the giant posting an eleven percent jump in firstquarter profit that's as premiums expanded ping also on also announcing a special dividend to markets thirtieth anniversary now china is considering cutting import duties and imported autos by half we get the details from yvonne man we're being till china's state council is weighing proposals to slash import duties on passenger vehicles to as low as ten percent from the current twenty five an announcement could becoming as as early as next month is going to be seen as a concession to president trump's tough talk on trade but the biggest beneficiaries wouldn't be us automakers luxury automakers like bmw and toyota's lexus could end up benefiting the most in hong kong yvonne man bloomberg daybreak asia and speaking of toyota the company is expanding in mississippi it is planning to hire four hundred additional workers and invest about one hundred seventy million dollars to build its next generation corolla compact this would be in a.

Toyota United States President Trump Yvonne Intel Doug David Goldman Bloomberg World Hong Kong Mississippi Asia Lexus David Ingles BMW Donald Trump China San Francisco Bloomberg Ian King Amazon
Amazon shares pare some gains as Trump attacks company again

01:43 min | 4 years ago

Amazon shares pare some gains as Trump attacks company again

"The markets gold up thirteen hundred forty four dollars a troy ounce fall to you yeah you yeah you mentioned amazon that brian shares down more than five percent today really weighing on the nasdaq and that's after president trump unleashed a variety of tweets accusing amazon of not paying enough in taxes and also of underpaying the us postal service fish shipping bloomberg's garrett dan van der sorry garrett vink says trump has expressed his dislike for amazon and jeff bezos who owns the washington post the four but diving says this time the president's threats might have some bite will do back if the us ps does somehow managed to renegotiate some kind of contract to try to pull more profit out of amazon the rest of the market could move an amazon shipping costs will go amazon shares by the way i still up more than seventy percent on the year so we mentioned intel shares were down more than six percent in the latest action that's on word that apple is planning on using its own chips in mac computers beginning as early as two thousand twenty bloomberg's ian king calls it a strong negative for intel this really would be the first sign for intel it's technology is no longer setting the agenda is no longer in the lead an apple their massive presence in terms of revenue in the pc market and also technology tends to lead people tend to follow them so this is by for intel we're hearing this apple initiative is called kalamata it's part of a push to make all apple devices work seamlessly together paul well as you've mentioned concern about rising trade tension between the us and china is among the triggers for today's stock selloff and chris krueger policy analyst to.

Intel Policy Analyst Chris Krueger Paul MAC Jeff Bezos Brian Troy China United States Ian King Apple President Trump Washington Post Garrett Vink Bloomberg Amazon Donald Trump Thirteen Hundred Forty Four Do