21 Burst results for "Pegatron"
Bloomberg Radio New York
"pegatron" Discussed on Bloomberg Radio New York
"Of This In the the week, Rio country Grande it's while on the East Coast Monday, The likely could to see Governor bring Greg federal its temperatures government hottest Abbott weather is said toward suing his of 100 the state the state summer, is degrees of ready Texas to to over tens push of several a back. millions floating Midwest They're of border using states some wall this We believe we have the to right do so and we will take this lawsuit all the way to the United States Supreme Court. The Justice Department filed a civil complaint Monday after the deadline passed for the state to remove a system of buoys to meant deter migrants in Mexico from crossing the border. Russia is carrying out drone strikes in a Ukrainian port on the Danube River. The attack Monday destroyed grain storage infrastructure in an apparent attempt to hinder Ukraine's ability to export agricultural goods. The area is a export key route for Kiev after Russia pulled out of a deal to allow Ukraine to ship wheat through the Black Sea. An Alabama woman who claims she was kidnapped after seeing a baby on the highway is admitting it all a was hoax. On Monday, Carly Russell's attorney announced she wasn't abducted by anyone. My client did not see a baby on the side of the road. My client did not leave the Hoover area where she was identified as a missing person. My client did not have any help in this incident. My client was not with anyone. Russell for apologized her actions and said she's seeking help for personal issues. The late singer Tony Bennett could honored be with his own special Remembrance Day. Senate Majority Leader Chuck Schumer says Orker deserves a special day and is proposing August 3rd, which would have been Tony Bennett's 11th birthday. I'm Brian Shook. US Senator Dick Durbin is quarantining at home after testing positive for COVID -19 for a third time in the past year. The Illinois Democrat said he tested positive yesterday, adding that he's disappointed to have to miss critical work this week in Washington. New York City is now making a big effort to lower the number of sidewalk sheds that take up public space. Scott Pringle explains. Mayor Eric Adams unveiled a get sheds down campaign. It overhauls the rules. The mayor hopes this will lead the sheds or scaffolding being taken down much quicker and includes increased fines and shed permits only issued for three months instead of a year and also ramped up enforcement. The ugly green boxes that align our sidewalks, they block the sunlight, keep pedestrians away from businesses and are a magnet for illegal activity. There are 400 miles of sheds throughout New York City. Some have been up for years. Add this to the long list of doctors things never imagined having to tell patients don't eat or drink borax. Mark Mayfield has more. A TikTok trend is suggesting that adding a pinch of 20 Mule Team Borax to water can help relieve joint pain. Many of these same TikTok videos claim that taking a bath while soaking in the body. Doctors say consuming borax can cause blue -green vomit or diarrhea and can eventually lead to anemia and seizures. Soaking in borax can lead to rashes according to doctors. Borax is found in laundry detergent and it's also packaged on its own as a cleaning product. The main ingredient in borax is also used to exterminate insects such as ants and cockroaches. I'm Mark Mayfield. The Walking Dead spin -offs Dead City and Daryl Dixon are being renewed for second seasons. Dead City which stars Lauren Cohen and Jeffrey Dean Morgan as Maggie and Negan aired its season one finale on Sunday. Daryl Dixon starring Norman Biedes as the title character debuts in September. I'm Bryan Shook. And I'm Bryan Curtis in Hong Kong. Let's check this hour's top business stories and the markets. Hong Kong and China stocks have rallied broadly after China's top leaders signaled more support for the real estate sector and also rolled out new measures to boost consumption. More on the Politburo readout from Bloomberg's Joanne Wong. The Communist Party promised more of what it calls counter cyclical policy. That suggests more economic support along with an adjustment of restrictions in the property sector. But the meeting did not include major fiscal or monetary loosening. Chinese leaders pledged to boost consumption and resolve local government debt. Investors have been waiting for more support after data showed China's economic momentum slowing in the second quarter. Financial markets initially showed limited enthusiasm for the measures, but later U .S. listed Chinese stocks rose more than 4%. Joanne Wong reporting. In other news, we're told that Apple is asking suppliers to produce about 85 million units of the iPhone 15 this year, roughly in line with the year before. And it comes despite a projected decline in the overall smartphone market. Here's Bloomberg's Mandeep Singh. Think of what happened last week when TSMC took down its guidance by 10 % and they called that weakness on the smartphone and PC side. So clearly I think this calms down the nerves in terms of Apple really seeing a big decline with their new launch. Mandeep Singh we're hearing Apple will probably see higher revenue overall because it's considering raising the prices of the iPhone Pro models. And we're seeing suppliers like Honhai Precision and Pegatron trading up about 2 % in Asian trading this morning. South Korea's economic growth accelerated a little more than expected in the second quarter GDP advancing 0 .6 % in the three months through June from the previous quarter much of the gain resulting from the impact of net trade as exports fell less than imports and economists had forecast a gain of just 0 .5 % Tesla is looking abroad to keep growth going to the U electric vehicle maker in a regulatory filing revealed that revenue from other international markets more than doubled to to close $8 billion dollars in the second quarter and while the U .S. remains Tesla's biggest source of sales revenue has plateaued after approaching $12 billion dollars in the final three months of 2022 sales sales in Tesla's home market have been lower for the past two quarters growing or if it will be a challenge in the third quarter because Tesla has scheduled shutdowns at its factories for updates Tesla stock gained 3 .5 % in New York let's check the markets the Hengxing index with a huge rally on that Politburo call 3 .2 % up today the CSI 300 has rallied 2 .3 % the Nikkei is stumbling a little down 3 .1 % global news brought to you by 2700 journalists and analysts in 120 countries in Hong Kong I'm Brian Curtis this is Bloomberg you're listening to the big take podcast on Bloomberg Radio I'm Wes Kosova today we're talking about a creative new way to protect what what Bloomberg Businessweek contributor Jonathan Franklin rode along with park rangers in South Africa they spend their days and nights trying to stop poachers who kill endangered rhinos for their horns a single rhinoceros horn can be worth $40 thousand or more on the black market ground into powder it's used for traditional medicines in China and Vietnam are kept intact a contraband trophy for wealthy people to put on display if it keeps up like this poachers will wipe out rhinos altogether I would ask them you know how long have you been a ranger and they would say 30 years and I remember one of the guys said when I first became ranger a we were always so worried because the animals were thirsty and I said and now and he said we've got guns were more like soldiers it's gone from being like a joy to conserve the rhinos to a war to protect them but keeping up with poachers is not easy so the Rangers are now taking an unexpected approach
Bloomberg Radio New York
"pegatron" Discussed on Bloomberg Radio New York
"Valley bank and was quite limited. On the other hand, we are concerned whether the constitution you will be well contained. And so far, it looks good. Be okay, governor ray, they're saying that South Korea is reassessing its policies on digital banking and deposit settlements given the recent turmoil that we have seen in the banking system in some parts of the world. We go to Apple next, the company assembled more than $7 billion worth of iPhones in India last year, tripling production there. Bloomberg's David and glace has more from Hong Kong. It's now apple's fastest growing smartphone production hub. It further highlights the company's push out of China. Sources say Apple now makes about 7% of its iPhones in India through partnerships with Foxconn and pegatron that's up from 1% in 2021. Apple is reducing its reliance on China as tensions simmer between Washington and Beijing. The migration of production from China to India could have implications for how other brands adjust their supply chains. In Hong Kong, I'm David ingles, Asia. Meantime, nikkei Asia review reports that Apple is in talks with suppliers to make macbooks in Thailand this would add to the company's mass production of Apple watches in that country. We go to Western Digital, the company is reporting reportedly the target of hackers and they are demanding a ransom that story from Bloomberg's Charlie pellet. Western Digital is one of the largest makers of computer storage drives, TechCrunch said hackers are trying to extort the company after stealing about ten terabytes of data, including customer information. The hackers are said to be seeking a ransom of at least 8 figures, $10 million and up, in exchange for not publishing the data. Western Digital disclosed a security breach earlier this month, but did not elaborate on the circumstances. In New York, Charlie pellet, Bloomberg, daybreak, Asia, and global news is next. Yesterday's missile launch by North Korea may have been a new type of weapon at Baxter with more from a Bloomberg newsroom in San Francisco Ed. Yeah
Bloomberg Radio New York
"pegatron" Discussed on Bloomberg Radio New York
"Hasn't affected us very much directly because our exposure to the Silicon Valley bank and was quite limited. On the other hand, we are concerned whether the concentration you will be well contained. And so far, it looks good. We also said that South Korea is reassessing its policies on digital banking and on deposit settlements given recent banking turmoil in parts of the world. We go to Apple next, the company has assembled more than $7 billion worth of iPhones that did so in India last year tripling production in that country. We have more from Bloomberg's David inglis. India is now apple's fastest growing smartphone production hub. It further highlights the company's push out of China. Sources say Apple now makes about 7% of its iPhones in India through partnerships with Foxconn and pegatron that's up from 1% in 2021. Apple is reducing its reliance on China as tensions simmer between Washington and Beijing. The migration of production from China to India could have implications for how other brands adjust their supply chains. In Hong Kong, I'm David ingles, daybreak, Asia. In the meantime, the nikkei Asian review reports that Apple is in talks with suppliers to make Mac books in Thailand. It would add to the company's mass production of the Apple watch in that country. And Apple traded up 3.4%. Well, this is Bloomberg daybreak on Brian Curtis with Doug Chris, so Doug the S&P 500 is up near the top of this range of 3800 to 4200 that has been in for about ten months or so. So it's pretty easy for the bears here to say sell and load up on the short end of the treasury curve. And that does seem to be consensus when you hear commentators. Most of the commentators on our program have been pretty bearish. The problem is markets not cooperating. And the issue is it's not just big tech. We mentioned that big rally in Apple. But it's also industrials, materials, even financials, and so it really puts a little bit of pressure on the bears. But they're standing in the ground. They're saying, if we break above 4200, it even makes the coming fall. Likely to be greater. Yeah, and particularly when you consider the fact that earnings season is maybe more critical now than it has been in quite some time. We'll begin tomorrow with a lot of the big banks reporting JPMorgan Chase, Citigroup and Wells Fargo. There's going to be very close attention paid for executive commentary. Keep your eyes and ears open. On the subject of forward guidance. And as long as we're talking, the banks Brian, we got to data here in the U.S. after the closing bell that U.S. banks reduced to their borrowing from two of the fed's backstop lending facilities for a fourth straight week. So the numbers essentially indicate that there has been a further easing of liquidity restraints following a lot of the stress that we saw in the banking system last month. I think if you compare the weekly figures about $9.2 billion last week compared to the previous week. So it seems like there's some healing underway. Yes, some healing, but you have to think, you know, people in the market are talking about kind of peak interest rates, but the issue for the banks is that that means we're also probably at peak nymphs. And that's a problem when you have a lot of pressure on deposits. And you see the rally in big tech, I think this is kind of flippant, but would you rather put your money in the bank of the salya or in Apple? And what people are doing is I don't even know if there is a bank in vesali. It's just a sort of a way of making the stories seem real. But people are buying big tech because they perceive it as safe. I don't know. Well, many of those companies have very strong cash positions on their balance sheet, they're holding less debt. Yes, you could make the case that the stocks may be trading at a rich multiple, but fundamentally, sound companies. Yeah, absolutely. All right, it is time now for global news. U.S. intelligence community says it has made an arrest in the intelligence leak case. At Baxter is all over the story at the 9 60 newsroom in San Francisco Ed. Yeah
Mac OS Ken
"pegatron" Discussed on Mac OS Ken
"Vote wrote a note on January iPhone sales this week, though, very little of it made sense to me. Please allow me to read you one part. On a global basis, we estimate iPhone sells through in January was down about 11% year over year, 20.9 million. 700 basis points improvement from the 18% year on year decline in December, 22.6 million. Down 8% month over month following extensive supply chain disruptions late last year. If we extrapolate January 23 sell through, we estimate March 23 quarter sell through is tracking at about 52 million units in line with our sell in estimate. There were three more paragraphs that were even less intelligible, so you tell me. There was fellow Palmer duets Apple three that posted the note, I know I don't know everything, but I can usually pretty much follow notes like these. That was happy to read Elmer de witt's addendum, which said, must confess, I got lost in the details. Glad it wasn't just me. Here are two quotes that did make sense. iPhone strength in China and U.S. offset by weakness in Europe and while China sell through with solid, iPhone sell through improvement in the U.S., was more muted. He's not reaching for the parachute, though. Boat has a buy rating on Apple shares. He has said the UBS price target on this shares at 180 bucks. A somewhat easier to understand note comes our way from Jefferies analyst Kyle mcnealy. He thinks iPhone demand is better than the rest of Wall Street thinks based on the Internet. Apple three posted this one as well. It's got mcnealy saying web traffic to iPhone pages for the month of January at wireless carrier aside and apple dot com was up 2% month over month and down 23% month over month, respectively. Wireless carriers are the bigger channel. So overall, it's tracking ahead of normal historical seasonality down 30% quarter on quarter and street iPhone unit expectations. Down 21%. That plus the fact that people are going for the pro phones more than the others where the current iPhone line that's concerned have him expecting a bit of strength for the March quarter. Now I am not saying he's wrong. But hanging your hopes, your hat or anything else on web traffic feels tenuous, but these are the times in which we live. Quoting his note again, we see Paige traffic tracking ahead of expectations as a positive sign that Apple isn't seeing as much macro pressure as anticipated. At least through January. Nonetheless, we're keeping our estimates unchanged given we're still early in the quarter and any deterioration through March could derail the positivity. Shake it off tank, shake it off. Mister mcneely has a buy rating on Apple shares. He has said Jeffrey's price target on the shares at 195 bucks. While the world ponders the diversification of apple's supply chain, an interesting assertion from Apple and cider, that site sites data from the Indian technology site Inc 24 saying since the start of India's production linked incentive program in August of 2021, Apple has become the largest single job creator in the nation's electronic sector with 100,000 new positions. The site breaks it down to about 62,000 folks working for Apple contract manufacturers, Foxconn, pegatron, and wistron, the other roughly 40,000 work for component suppliers, such as salt comp. Small numbers compared to China to be sure. But it would be hard to argue that this train isn't picking up steam. Surprising news for a North Carolina Apple store Bloomberg says as the Cupertino company suddenly and unexpectedly closed its northlake mall store in Charlotte, North Carolina, permanently. The problem, a bit too much gunplay, it seems. Citing local news reports, Bloomberg says shots were fired outside of a Macy's at the north Lake mall on Tuesday, while another shooting took place in early February, there were additional shootings reported in December and in 2021. So not a rash decision. There was surprising one. Even to employees. The store actually opened for business Wednesday morning though employees were told that day that the store would be closing for good, effective immediately. It was apparently employees who said the shootings were the issue, Bloomberg says Apple confirmed the closure, but declined to comment further on the reasoning. Now the good news, despite the loss of a store, nobody is losing their job. The piece says Apple told employees that there will be no layoffs and that stop at the north Lake mall site would be transferred to the nearby South Park location in Charlotte or rolls working at the company's online store. Plans were already underway for a new store in Charlotte next year. Even before this week's closure, the new store was meant to replace the north Lake store, according to the report. More news in a moment, but first a word from today's sponsor collide and point security powered by people. I was so impressed when I first heard about collide. How they work to make your workplace safer by getting your workers on board with the whole security thing. Collide doesn't just tell them what they need to do, but it educates them as to why. No more IT chasing down smartphones and laptops. Collide gets your team bought in on securing your business. Now, if you're an octave user, collide can get your entire fleet to 100% compliance the same way.
Mac OS Ken
"pegatron" Discussed on Mac OS Ken
"I can no longer remember where various rumors around apples anticipated mixed reality headset began. Some thoughts around it are just sort of being taken for granted these days, like the new headsets coming out in 2024 or 2025 after the one apple watchers are expecting sometime this year. Last week, nikkei Asia ran a report saying that development of the mixed reality headset expected this year had shifted or was shifting from pegatron to luck share with Foxconn being brought in on the second round of headsets expected in a year or two. That report God support Friday when TF international analyst Ming Chi kuo said the same thing. Ish. Posting the medium young MC said the project is actually shifting from pegatron to a company owned by both pegatron and luxury with the latter doing the heavy lifting. As for round two, that luxury pegatron venture will make a high end version with Foxconn coming in for the more cost conscious model. Has the second round units hitting in 2025. Now for his part, the analyst seems worried on apple's behalf. Quoting part of his post, despite repeatedly stating that Apple is optimistic about AR, why can that not make suppliers willing to continue cooperating with Apple to develop this product in the past two years
Mac OS Ken
"pegatron" Discussed on Mac OS Ken
"With an emphasis on more affordable though, it's tough to see that doing a lot for Apple anytime. So there's news around apple's AR VR MR headset. Well, there's talk around it anyway. That piece from the EK Asia has word of the first version of the device expected sometime this year and a second version said to be in development right now. The piece from Apple insider highlights the kneecap report, which is mostly about making the things according to that development and production of the first device has shifted from pegatron to Lux share, the sources are secret, but there are said to be a lot of them heard that word from 5 individuals familiar with the matter. If you're looking for a reason to be nervous, pegatron is said to be out because it became skeptical about apple's headset plans. If you're looking to calm those nerves, did I mention that second headset said to already be in development? That one will be made by Foxconn, according to the piece, and that is the one that is really expected to sell. Apple and cider has Knicks saying apple's first generation of AR devices will be extremely expensive and really only can attract those passionate tech geeks or premium customers, but Apple hopes to push the price down in the second generation of devices, which is in parallel development to a more affordable price, like a high end Mac computer and hopes to attract a bigger user base. This is where Foxconn comes in. According to Apple insider, that firm will focus on automating mouse production and improving production rates to help lower costs, the Apple insider piece, once again references and anticipated sky high price for the first unit, they've got that coming in between 3005 $1000 that said. The second piece on the headset from 9 to 5 Mac brings that cast down considerably, they've got it sailing in between 2003 $1000. That's still sound sky high, unless you're expecting 5000 in which case, sounds like a
Bloomberg Radio New York
"pegatron" Discussed on Bloomberg Radio New York
"And it's 8 28 a.m. in Hong Kong. I'm Michelle Jim risco. And I'm Brian Curtis here in Hong Kong looking at markets, so we're weighed down by losses in Tokyo, the nikkei dropping more than 1%, all the other markets are up, but the MSCI Asia Pacific index is down about a tenth of 1%. And we've seen a big drop in iron ore prices in Singapore down 3.7% this morning. A story that we're running over the weekend, the Chinese authorities saying they will tighten supervision of pricing on iron ore after there's been a huge surge of late up 50% or so, and they also are worried about some fraud in those markets. So we'll keep a close eye on that. Today, we'll get to the markets in about ten minutes, but now some of the top stories. China's top economic planner says it will tighten supervision on iron ore pricing. The national development and reform commission says it will crack down an illegal activities. Those include spreading false information, hoarding, and price gouging. The agency says it's an effort to keep the market stable. Iron ore is the key ingredient used in making steel, futures have jumped more than 50% since last November on optimism over China's reopening. Well, Goldman Sachs has raised its price forecast for aluminum, saying that higher demand in China and in Europe could lead to supply shortages. That story from Bloomberg Susanna Palmer. Goldman analysts said in a note to clients that aluminum will probably average $3125 a ton this year in London. That's up from the current price of $2595 a ton. Goldman sees aluminum used to make everything from a beer cans to plane parts, climbing even higher to $3750 a ton in the next 12 months, analysts are citing inventories that have fallen from a year ago and are now the lowest since 2002, and what it thinks will be greater demand this year as the Federal Reserve slows interest rate increases, China opens up and the global economy picks up in the second half of the year. Susanna Palmer Bloomberg daybreak Asia. Well, Taiwan's exports of integrated circuit ships rose in 2022 for a 7th consecutive year. These IC chips are pivotal components of electronic appliances, computers, and smartphones. The increase in experts shows that Taiwan is further solidifying its leadership status in the global semiconductor industry. This comes as the chips industry has been impacted by sanctions between the U.S. and China, Barclays economist boon ki son said efforts by others such as the U.S. to bolster chips production won't immediately have an impact on diminishing Taiwan's importance. Son said the future of diversification in the industry will depend on where semiconductor plants are constructed. Well, Apple partners Foxconn and pegatron say they've included Southeast Asia in their expansion plans for 2023. It's a sign that major electronics manufacturers will be adding production capacity outside of China. Some suppliers have been accelerating these efforts because of prolonged COVID induced lockdowns in China. Pegatron says it will add capacity in Vietnam and also an Indonesia where they already have existing plants. The company currently doesn't make Apple products in either country. Foxconn did not specify, which Southeast Asian countries that it plans to expand in. Well, there are more calls from the World Health Organization for China, COVID reporting transparency, Ed Baxter has global
Bloomberg Radio New York
"pegatron" Discussed on Bloomberg Radio New York
"Get to the supply chain now just when we thought pressures were easing war and fresh lockdowns complicated the outlook We're joined by industrials columnist brook Sutherland So Brooke first to supply chain concerns it seems like they might be abating but are we being too optimistic on that front given that China is locking down now more than ever and for example Tim colban writing this week that the impact from the latest wave in China could hit global industry hard we're already seeing quanta pegatron Apple suppliers that have suspended operations in Shanghai Yes I mean certainly the lockdowns in China have the potential to be significant and the ripple effects of that are likely delayed I think what's important to note from that is that there's been a lot of concern lately about whether we might be seeing a recession in freight markets just given some of the data points coming specifically out of the trucking sector I do think it's a little early to make a call one way or the other just because we don't know the degree to which those numbers might be distorted by what's happening in China on the encouraging front we had results from fast and all this sort of unofficially kick off the industrial earnings season and they did talk about seeing a stabilization in supply chain conditions And this is allowing companies to plan a bit better to come up with workarounds and keep business flowing Now that is not the same thing as supply chain constraints being solved but a stabilization at least makes it a little bit easier for companies to get a handle on what's going on with their business And how much are inter provincial highways both in China but also in Russia impacting things something like 10% of exports from China to Europe used to at least go through Russia's railway lines So that is a concern And so there are companies including Honeywell that we're using those sort of rail and trucking routes that traverse Russia and Ukraine as a way of getting around the high shipping costs from Asia that is more difficult now for obvious reasons And so you know it's going to be interesting to see how that plays out in terms of freight expenses Just circling back to what's fast and all that said they do expect those transportation service costs to continue to increase Right and I just want to ask one more question about the war Ukraine obviously a top producer of many things but one of them is purified neon gas and that's used in advanced chip making and Russia of course is a key supplier of palladium which is used in cars catalytic converters titanium as well which is used in the aerospace industry Will there be a massive decrease in supply of these particular metals and gases and will that have an impact on what we see coming out of these industries or have they planned so far in advance how they bought so far in advance that we won't see those impacts for the next few quarters I think you have to look at all those commodities differently I do think on titanium the aerospace suppliers have been building up stockpiles and also working on alternative sourcing And so the commentary players like Boeing saffron Airbus is that they do have a decent amount of supply Now that is now a limitless supply And so this is something that does need to be addressed structurally over the long term I think the more immediate concern for the aerospace market is frankly people on neon gas that is a meaningful input to semiconductor manufacturing And I think there's a lot of concerns about what might happen there And if we do see any sort of additional constraints on semiconductor manufacturing which of course has been a pain point But I think in general companies are trying to get their hands around some of these knock on effects It is still early days and it's a little difficult to predict exactly where these markets are going to go and how supplies going to be affected It's such a complicated picture isn't it broke How are logistics managers supply chain managers and CEOs forecasting anything these days Well it certainly is a challenge There's a lot of moving pieces A lot of smoke signals and it's difficult to get a read on it And I think that's why there's such an interesting divide right now between the pessimists and the optimists and those worrying about a potential recession demand slowdown and those saying no actually some of these worry points might actually be a sign of stabilization and normalization that would allow the supply chain to get moving again and help meet some of this robust demand that we're seeing So I don't think this debate is going to be settled but certainly we should hear a lot more data points from companies and from CEOs in the coming weeks that will help give us a better picture of what exactly is going on here And where the bifurcations are rookie you look at it a bunch of different data points great waves is one company that provides a lot of supply chain analysis It has a tender rejection index explained to us what that is and what it's showing So the idea is to look at the rate at which freight operators are rejecting shipments I mean when that rejection index is higher it means that they have more options And there's more demand on their services so they can be a little bit pickier when that comes down that indicates sort of a loosening of transportation markets And so we have seen that coming down We've seen some other measures of trucking and transportation markets easing in recent weeks but that gets back to what I'm saying before it's a little early in my mind to a predictive freight recession just given what's happening in China and some of the concerns about the ripple effects there But then separately I think it is possible to think that maybe we do see some sort of recession in trucking which has a tendency to go through these boom and bust cycle as you have new operators chasing that demand and not necessarily see the recession on the industrial side because in theory hallucinating and transportation markets should be a good thing for these companies that have been complaining so much about supply chain constraints And there don't.
Bloomberg Radio New York
"pegatron" Discussed on Bloomberg Radio New York
"Welcome back to Bloomberg opinion listeners I'm Bonnie Quinn Let's get to the supply chain now just when we thought pressures were easing war and fresh lockdowns complicated the outlook We're joined by industrials columnist brook Sutherland So Brooke first to supply chain concerns it seemed like they might be abating but are we being too optimistic on that front given that China is locking down now more than ever and for example Tim colban writing this week that the impact from the latest wave in China could hit global industry hard we're already seeing quanta pegatron Apple suppliers that have suspended operations in Shanghai Yes I mean certainly the lockdowns in China have the potential to be significant and the ripple effects of that are likely delayed I think what's important to note from that is that there's been a lot of concern lately about whether we might be seeing a recession in freight markets just given some of the data points coming specifically out of the trucking sector I do think it's a little early to make a call one way or the other just because we don't know the degree to which those numbers might be distorted by what's happening in China on the encouraging front we had results from fast and all this sort of unofficially kick off the industrial earnings season and they did talk about seeing a stabilization in supply chain conditions And this is allowing companies to plan a bit better to come up with workarounds and keep business flowing Now that is not the same thing as supply chain constraints being solved for the stabilization at least makes it a little bit easier for companies to get a handle on what's going on with their business And how much are inter provincial highways both in China but also in Russia impacting things something like 10% of exports from China to Europe used to at least go through Russia's railway lines So that is a concern And so there are companies including Honeywell that were using those sort of rail and trucking routes that traverse Russia and Ukraine as a way of getting around the high shipping costs from Asia that is more difficult now for obvious reasons And so it's going to be interesting to see how that plays out in terms of freight expenses Just circling back to what fashion has said they do expect those transportation service costs to continue to increase Right and I just want to ask one more question about the war Ukraine obviously a top producer of many things but one of them is purified neon gas and that's used in advanced chip making and Russia of course is a key supplier of palladium which is used in cars catalytic converters titanium as well which is used in the aerospace industry Will there be a massive decrease in supply of these particular metals and gases and will that have an impact on what we see coming out of these industries or have they planned so far in advance have they bought so far in advance that we won't see those impacts for the next few quarters I think you have to look at all those commodities differently I do think on titanium the aerospace suppliers have been building up stockpiles and also working on alternative sourcing And so the commentary from players like Boeing saffron Airbus is that they do have a decent amount of supply Now that is not a limitless supply And so this is something that does need to be addressed structurally over the long term I think the more immediate concern for the aerospace market is frankly people on neon gas that is a meaningful input to semiconductor manufacturing And I think there's a lot of concerns about what might happen there And if we do see any sort of additional constraints on semiconductor manufacturing which of course has been a pain point But I think in general companies are trying to get their hands around some of these knock on effects It is still early days and it's a little difficult to predict exactly where these markets are going to go and how supplies going to be affected It's such a complicated picture isn't it broke How are logistics manager is supply chain manager isn't CEOs forecasting anything these days Well it certainly is a challenge There's a lot of moving pieces A lot of smoke signals and it's difficult to get a read on it And I think that's why there's such an interesting divide right now between the pessimists and the optimists and those worrying about a potential recession demand slowdown and those saying no actually some of these worry points might actually be a sign of stabilization and normalization that would allow the supply chain to get moving again and help meet some of this robust demand that we're seeing So I don't think this debate is going to be settled but certainly we should hear a lot more data points from companies and from CEOs in the coming weeks that will help give us a better picture of what exactly is going on here And where the bifurcations are rookie you look at it a bunch of different data points great waves is one company that provides a lot of supply chain analysis It has a tender rejection index explained to us what that is and what it's showing So the idea is to look at the rate at which freight operators are rejecting shipments And when that rejection index is higher it means that they have more options And there's more demand on their services so they can be a little bit pickier when that comes down that indicates sort of a loosening of transportation markets And so we have seen that coming down We've seen some other measures of trucking and transportation markets easing in recent weeks but that gets back to what I'm saying before it's a little early in my mind to a predictive freight recession just given what's happening in China and some of the concerns about the ripples it was sex there But then separately I think it is possible to think that maybe we do see some sort of recession in trucking which has a tendency to go through these boom and bust cycle as you have new operators chasing that demand and not necessarily see the recession on the industrial side because in theory a loosening and transportation market should be a good thing for these companies that have been complaining so much about supply chain constraints Bookseller and.
Bloomberg Radio New York
"pegatron" Discussed on Bloomberg Radio New York
"Welcome back to Bloomberg opinion listeners I'm Bonnie Quinn Let's get to the supply chain now just when we thought pressures were easing war and fresh lockdowns complicated the outlook We're joined by industrials columnist brook Sutherland So Brooke first to supply chain concerns it seemed like they might be abating but are we being too optimistic on that front given the China is locking down now more than ever and for example Tim colburn writing this week that the impact from the latest wave in China could hit global industry hard We're already seeing quanta pegatron Apple suppliers that have suspended operations in Shanghai Yes I mean certainly the lockdowns in China have the potential to be significant and the ripple effects of that are likely delayed I think what's important to note from that is that there's been a lot of concern lately about whether we might be seeing a recession in freight markets just given some of the data points coming specifically out of the trucking sector I do think it's a little early to make a call one way or the other just because we don't know the degree to which those numbers might be distorted by what's happening in China on the encouraging front we had results from fast and all this sort of unofficially kick off the industrial earnings season and they did talk about seeing a stabilization in supply chain conditions And this is allowing companies to plan a bit better to come up with workarounds and keep business flowing Now that is not the same thing as supply chain constraints being solved for the stabilization at least makes it a little bit easier for companies to get a handle on what's going on with their business And how much are inter provincial highways both in China but also in Russia impacting things something like 10% of exports from China to Europe used to at least go through Russia's railway lines So that is a concern And so you know there are companies including Honeywell that were using those sort of rail and trucking routes that traverse Russia and Ukraine as a way of getting around the high shipping costs from Asia that is more difficult now for obvious reasons And so you know it's going to be interesting to see how that plays out in terms of freight expenses just circling back to what fashion has said They do expect those transportation service costs to continue to increase Right and I just want to ask one more question about the war Ukraine obviously a top producer of many things but one of them is purified neon gas and that's used in advanced chip making and Russia of course is a key supplier of palladium which is used in cars catalytic converters titanium as well which is used in the aerospace industry Will there be a massive decrease in supply of these particular metals and gases and will that have an impact on what we see coming out of these industries or have they planned so far in advance how they bought so far in advance that we won't see those impacts for the next few quarters I think you have to look at all those commodities differently I do think on titanium the aerospace suppliers have been building up stockpiles and also working on alternative sourcing And so the commentary for players like Boeing saffron Airbus is that they do have a decent amount of supply Now that is now a limitless supply And so this is something that does need to be addressed structurally over the long term I think the more immediate concern for the aerospace market is frankly people on neon gas that is a meaningful input to semiconductor manufacturing And I think there's a lot of concerns about what might happen there And if we do see any sort of additional constraints on semiconductor manufacturing which of course has been a pain point But I think in general companies are trying to get their hands around some of these knock on effects It is still early days and it's a little difficult to predict exactly where these markets are going to go and how supply is going to be affected It's such a complicated picture isn't it broke How are logistics manager is supply chain manager isn't CEOs forecasting anything these days Well it certainly is a challenge There's a lot of moving pieces A lot of smoke signals and it's difficult to get a read on it And I think that's why there's such an interesting divide right now between the pessimists and the optimists and those worrying about a potential recession demand slowdown and those saying you know no actually some of these worry points might actually be a sign of stabilization and normalization that would allow the supply chain to get moving again and help meet some of this robust demand that we're seeing So I don't think this debate is going to be settled but certainly we should hear a lot more data points from companies and from CEOs in the coming weeks that will help give us a better picture of what exactly is going on here And where the bifurcations are rookie you look at it a bunch of different data points freight waves is one company that provides a lot of supply chain analysis It has a tender rejection index explained to us what that is and what it's showing So the idea is to look at the rate at which freight operators are rejecting shipments And when that rejection index is higher it means that they have more options And there's more demand on their services so they can be a little bit pickier when that comes down that indicates sort of a loosening of transportation markets And so we have seen that coming down We've seen some other measures of trucking and transportation markets easing in recent weeks but that gets back to what I'm saying before it's a little early in my mind to a predictive freight recession just given what's happening in China and some of the concerns about the ripples of effects there But then separately I think it is possible to think that maybe we do see some sort of recession in trucking which has a tendency to go through these boom and bust cycle as you have new operators chasing that demand and not necessarily see the recession on the industrial side because in theory hallucinating and transportation markets should be a good thing for these companies that have been complaining so much about supply chain constraints Bookseller and there don't forget to reach out with.
Bloomberg Radio New York
"pegatron" Discussed on Bloomberg Radio New York
"Welcome back to Bloomberg opinion listeners I'm Bonnie Quinn Let's get to the supply chain now just when we thought pressures were easing war and fresh lockdowns complicated the outlook We're joined by industrials columnist brook Sutherland So Brooke first to supply chain concerns it seemed like they might be abating but are we being too optimistic on that front given that China is locking down now more than ever and for example Tim colburn writing this week that the impact from the latest wave in China could hit global industry hard We're already seeing quanta pegatron Apple suppliers that have suspended operations in Shanghai Yes I mean certainly the lockdowns in China have the potential to be significant and the ripple effects of that are likely delayed I think what's important to note from that is that there's been a lot of concern lately about whether we might be seeing a recession in freight markets just given some of the data points coming specifically out of a trucking sector I do think it's a little early to make a call one way or the other just because we don't know the degree to which those numbers might be distorted by what's happening in China on the encouraging front We had results from fast and all this sort of unofficially kick off the industrial earnings season and they did talk about seeing a stabilization in supply chain conditions And this is allowing companies to plan a bit better to come up with workarounds and keep business flowing Now that is not the same thing as supply chain constraints being solved but a stabilization at least makes it a little bit easier for companies to get a handle on what's going on with their business And how much are inter provincial highways both in China but also in Russia impacting things something like 10% of exports from China to Europe used to at least go through Russia's railway lines So that is a concern And so there are companies including Honeywell that we're using those sort of rail and trucking routes that traverse Russia and Ukraine as a way of getting around the high shipping costs from Asia that is more difficult now for obvious reasons And so it's going to be interesting to see how that plays out in terms of freight expenses Just circling back to what's fast and all that said they do expect those transportation service costs to continue to increase Right and I just want to ask one more question about the war Ukraine obviously a top producer of many things but one of them is purified neon gas and that's used in advanced chip making and Russia of course is a key supplier of palladium which is used in cars catalytic converters titanium as well which is used in the aerospace industry Will there be a massive decrease in supply of these particular metals and gases and will that have an impact on what we see coming out of these industries or have they planned so far in advance how they bought so far in advance that we won't see those impacts for the next few quarters I think you have to look at all those commodities differently I do think on titanium the aerospace suppliers have been building up stockpiles and also working on alternative sourcing And so the commentary players like Boeing saffron Airbus is that they do have a decent amount of supply Now that is now a limitless supply And so this is something that does need to be addressed structurally over the long term I think the more immediate concern for the aerospace market is frankly people on neon gas that is a meaningful input to semiconductor manufacturing And I think there's a lot of concerns about what might happen there And if we do see any sort of additional constraints on semiconductor manufacturing which of course has been a pain point But I think in general companies are trying to get their hands around some of these knock on effects It is still early days and it's a little difficult to predict exactly where these markets are going to go and how supplies going to be affected It's such a complicated picture isn't it broke How are a logistics manager is supply chain manager isn't CEOs forecasting anything these days Well it certainly is a challenge There's a lot of moving pieces A lot of smoke signals and it's difficult to get a read on it And I think that's why there's such an interesting divide right now between the pessimists and the optimists and those worrying about a potential recession demand slowdown and those saying no actually some of these worry points might actually be a sign of stabilization and normalization that would allow the supply chain to get moving again and help meet some of this robust demand that we're seeing So I don't think this debate is going to be settled but certainly we should hear a lot more data points from companies and from CEOs in the coming weeks that will help give us a better picture of what exactly is going on here And where the bifurcations are rookie you look at it a bunch of different data points freight waves is one company that provides a lot of supply chain analysis It has a tender rejection index explained to us what that is and what it's showing So the idea is to look at the rate at which freight operators are rejecting shipments I mean when that rejection index is higher it means that they have more options And there's more demand on their services so they can be a little bit pickier when that comes down that indicates sort of a loosening of transportation markets And so we have seen that coming down We've seen some other measures of trucking and transportation markets easing in recent weeks but that gets back to what I'm saying before it's a little early in my mind to a predictive freight recession just given what's happening in China and some of the concerns about the ripple effects there But then separately I think it is possible to think that maybe we do see some sort of recession in trucking which has a tendency to go through these boom and bust cycle as you have new operators chasing that demand and not necessarily see the recession on the industrial side because in theory hallucinating and transportation markets should be a good thing for these companies that have been complaining so much about supply chain constraints Book sell them in there Don't forget to reach out with thoughts suggestions and opinions I'm advancing on.
Bloomberg Radio New York
"pegatron" Discussed on Bloomberg Radio New York
"Is Bloomberg Welcome back to Bloomberg opinion listeners I'm Bonnie Quinn Let's get to the supply chain now just when we thought pressures were easing war and fresh lockdowns complicated the outlook We're joined by industrials columnist brook Sutherland So Brooke first to supply chain concerns it seemed like they might be abating but are we being too optimistic on that front given that China is locking down now more than ever and for example Tim colban writing this week that the impact from the latest wave in China could hit global industry hard we're already seeing quanta pegatron Apple suppliers that have suspended operations in Shanghai Yes I mean certainly the lockdowns in China have the potential to be significant and the ripple effects of that are likely delayed I think what's important to note from that is that there's been a lot of concern lately about whether we might be seeing a recession in freight markets just given some of the data points coming specifically out of the trucking sector I do think it's a little early to make a call one way or the other just because we don't know the degree to which those numbers might be distorted by what's happening in China on the encouraging front we had results from fast and all this sort of unofficially kick off the industrial earnings season and they did talk about seeing a stabilization in supply chain conditions And this is allowing companies to plan a bit better to come up with workarounds and keep business flowing Now that is not the same thing as supply chain constraints being solved for the stabilization at least makes it a little bit easier for companies to get a handle on what's going on with their business And how much are inter provincial highways both in China but also in Russia impacting things something like 10% of exports from China to Europe used to at least go through Russia's railway lines So that is a concern And so there are companies including Honeywell that we're using those sort of rail and trucking routes that traverse Russia and Ukraine as a way of getting around the high shipping costs from Asia that is more difficult now for obvious reasons And so you know it's going to be interesting to see how that plays out in terms of freight expenses Just circling back to what's fast and all that said they do expect those transportation service costs to continue to increase Right and I just want to ask one more question about the war Ukraine obviously a top producer of many things but one of them is purified neon gas and that's used in advanced chip making and Russia of course is a key supplier of palladium which is used in cars catalytic converters titanium as well which is used in the aerospace industry Will there be a massive decrease in supply of these particular metals and gases and will that have an impact on what we see coming out of these industries or have they planned so far in advance how they bought so far in advance that we won't see those impacts for the next few quarters I think you have to look at all those commodities differently I do think on titanium the aerospace suppliers have been building up stockpiles and also working on alternative sourcing And so the commentary for players like Boeing saffron Airbus is that they do have a decent amount of supply Now that is now a limitless supply And so this is something that does need to be addressed structurally over the long term I think the more immediate concern for the aerospace market is frankly people on neon gas that is a meaningful input to semiconductor manufacturing And I think there's a lot of concerns about what might happen there And if we do see any sort of additional constraints on semiconductor manufacturing which of course has been a pain point But I think in general companies are trying to get their hands around some of these knock on effects It is still early days and it's a little difficult to predict exactly where these markets are going to go and how supplies going to be affected It's such a complicated picture isn't it Brooke How are a logistics manager is supply chain manager isn't CEOs forecasting anything these days Well it certainly is a challenge There's a lot of moving pieces A lot of smoke signals and it's difficult to get a read on it And I think that's why there's such an interesting divide right now between the pessimists and the optimists and those worrying about a potential recession demand slowdown and those saying no actually some of these worry points might actually be a sign of stabilization and normalization that would allow the supply chain to get moving again and help meet some of this robust demand that we're seeing So I don't think this debate is going to be settled but certainly we should hear a lot more data points from companies and from CEOs in the coming weeks that will help give us a better picture of what exactly is going on here And where the bifurcations are rookie you look at it a bunch of different data points great waves is one company that provides a lot of supply chain analysis It has a tender rejection index explained to us what that is and what it's showing So the idea is to look at the rate at which freight operators are rejecting shipments And when that rejection index is higher it means that they have more options And there's more demand on their services so they can be a little bit pickier when that comes down that indicates sort of a loosening of transportation markets And so we have seen that coming down We've seen some other measures of trucking and transportation markets easing in recent weeks but that gets back to what I'm saying before it's a little early in my mind to a predictive freight recession just given what's happening in China and some of the concerns about the ripples effects there But then separately I think it is possible to think that maybe we do see some sort of recession in trucking which has a tendency to go through these boom and bust cycle as you have new operators chasing that demand And not necessarily see the recession on the industrial side because you know in theory hallucinating and transportation markets should be a good thing for these companies that have been complaining so much about.
Bloomberg Radio New York
"pegatron" Discussed on Bloomberg Radio New York
"Supply chain now just when we thought pressures were easing war and fresh lockdowns complicated the outlook We're joined by industrials columnist brook Sutherland So Brooke first to supply chain concerns it seemed like they might be abating but are we being too optimistic on that front given that China is locking down now more than ever and for example Tim colban writing this week that the impact from the latest wave in China could hit global industry hard We're already seeing quanta pegatron Apple suppliers that have suspended operations in Shanghai Yes I mean certainly the lockdowns in China have the potential to be significant and the ripple effects of that are likely delayed I think what's important to note from that is that there's been a lot of concern lately about whether we might be seeing a recession in freight markets just given some of the data points coming specifically out of the trucking sector I do think it's a little early to make a call one way or the other just because we don't know the degree to which those numbers might be distorted by what's happening in China on the encouraging front we had results from fast and all this sort of unofficially kick off the industrial earnings season and they did talk about seeing a stabilization in supply chain conditions And this is allowing companies to plan a bit better to come up with workarounds and keep business flowing Now that is not the same thing as supply chain constraints being solved for the stabilization at least makes it a little bit easier for companies to get a handle on what's going on with their business And how much are inter provincial highways both in China but also in Russia impacting things something like 10% of exports from China to Europe used to at least go through Russia's railway lines So that is a concern And so you know there are companies including Honeywell that were using those sort of rail and trucking routes that traverse Russia and Ukraine as a way of getting around the high shipping costs from Asia that is more difficult now for obvious reasons And so it's going to be interesting to see how that plays out in terms of freight expenses Just circling back to what's assimilate said they do expect those transportation service costs to continue to increase Right and I just want to ask one more question about the war Ukraine obviously a top producer of many things but one of them is purified neon gas and that's used in advanced chip making and Russia of course is a key supplier of palladium which is used in cars catalytic converters titanium as well which is used in the aerospace industry Will there be a massive decrease in supply of these particular metals and gases and will that have an impact on what we see coming out of these industries or have they planned so far in advance how they bought so far in advance that we won't see those impacts for the next few quarters I think you have to look at all those commodities differently I do think on titanium the aerospace suppliers have been building up stockpiles and also working on alternative sourcing And so the commentary from players like Boeing saffron Airbus is that they do have a decent amount of supply Now that is not a limitless supply And so this is something that does need to be addressed structurally over the long term I think the more immediate concern for the aerospace market is frankly people on neon gas that is a meaningful input to semiconductor manufacturing And I think there's a lot of concerns about what might happen there And if we do see any sort of additional constraints on semiconductor manufacturing which of course has been a pain point But I think in general companies are trying to get their hands around some of these knock on effects It is still early days and it's a little difficult to predict exactly where these markets are going to go and how supplies going to be affected It's such a complicated picture isn't it How are a logistics manager is supply chain manager isn't CEOs forecasting anything these days Well it certainly is a challenge There's a lot of moving pieces A lot of smoke signals and it's difficult to get a read on it And I think that's why there's such an interesting divide right now between the pessimists and the optimists and those worrying about a potential recession demand slowdown and those saying no actually some of these worry points might actually be a sign of stabilization and normalization that would allow the supply chain to get moving again and help meet some of this robust demand that we're seeing So I don't think this debate is going to be settled but certainly we should hear a lot more data points from companies and from CEOs in the coming weeks that will help give us a better picture of what exactly is going on here And where the bifurcations are rookie you look at it a bunch of different data points great waves is one company that provides a lot of supply chain analysis It has a tender rejection index explained to us what that is and what it's showing So the idea is to look at the rate at which freight operators are rejecting shipments I mean when that rejection index is higher it means that they have more options And there's more demand on their services so they can be a little bit pickier when that comes down that indicates sort of a loosening of transportation markets And so we have seen that coming down We've seen some other measures of trucking and transportation markets easing in recent weeks but that gets back to what I'm saying before it's a little early in my mind to a predictive freight recession just given what's happening in China and some of the concerns about the ripples of effects there But then separately I think it is possible to think that maybe we do see some sort of recession in trucking which has a tendency to go through these boom and bust cycle as you have new operators chasing that demand and not necessarily see the recession on the industrial side because in theory hallucinating and transportation markets should be a good thing for these companies that have been complaining so much about.
Bloomberg Radio New York
"pegatron" Discussed on Bloomberg Radio New York
"I'm Mark Bennett Welcome back to Bloomberg opinion listeners I'm vonnie Quinn Let's get to the supply chain now just when we thought pressures were easing war and fresh lockdowns complicated the outlook We're joined by industrials columnist brook Sutherland So rook first to supply chain concerns it seems like they might be abating but are we being too optimistic on that front given that China is locking down now more than ever and for example Tim colban writing this week that the impact from the latest wave in China could hit global industry hard We're already seeing quanta pegatron Apple suppliers that have suspended operations in Shanghai Yes I mean certainly the lockdowns in China have the potential to be significant and the ripple effects of that are likely delayed I think what's important to note from that is that there's been a lot of concern lately about whether we might be seeing a recession in freight markets just given some of the data points coming specifically out of a trucking sector I do think it's a little early to make a call one way or the other just because we don't know the degree to which those numbers might be distorted by what's happening in China on the encouraging front we had results from fast and all this sort of unofficially kick off the industrial earnings season and they did talk about seeing a stabilization in supply chain conditions And this is allowing companies to plan a bit better to come up with workarounds and keep business flowing Now that is not the same thing as supply chain constraints being solved for the stabilization at least makes it a little bit easier for companies to get a handle on what's going on with their business And how much are inter provincial highways both in China but also in Russia impacting things something like 10% of exports from China to Europe used to at least go through Russia's railway lines So that is a concern And so there are companies including Honeywell that were using those sort of rail and trucking routes that traverse Russia and Ukraine as a way of getting around the high shipping costs from Asia that is more difficult now for obvious reasons And so you know it's going to be interesting to see how that plays out in terms of freight expenses just circling back to what fashion has said They do expect those transportation service costs to continue to increase Right and I just want to ask one more question about the war Ukraine obviously a top producer of many things but one of them is purified neon gas and that's used in advanced chip making and Russia of course is a key supplier of palladium which is used in cars catalytic converters titanium as well which is used in the aerospace industry Will there be a massive decrease in supply of these particular metals and gases and will that have an impact on what we see coming out of these industries or have they planned so far in advance how they bought so far in advance that we won't see those impacts for the next few quarters I think you have to look at all those commodities differently I do think on titanium the aerospace suppliers have been building up stockpiles and also working on alternative sourcing And so the commentary players like Boeing saffron Airbus is that they do have a decent amount of supply Now that is not a limitless supply And so this is something that does need to be addressed structurally over the long term I think the more immediate concern for the aerospace market is frankly people on neon gas that is a meaningful input to semiconductor manufacturing and I think there's a lot of concerns about what might happen there And if we do see any sort of additional constraints on semiconductor manufacturing which of course has been a pain point But I think in general companies are trying to get their hands around some of these knock on effects It is still early days and it's a little difficult to predict exactly where these markets are going to go and how supplies going to be affected It's such a complicated picture isn't it Brooke How are logistics manager is supply chain manager isn't CEOs forecasting anything these days Well it certainly is a challenge There's a lot of moving pieces A lot of smoke signals and it's difficult to get a read on it And I think that's why there's such an interesting divide right now between the pessimists and the optimists and those worrying about a potential recession demand slowdown and those saying no actually some of these worry points might actually be a sign of stabilization and normalization that would allow the supply chain to get moving again and help meet some of this robust demand that we're seeing So I don't think this debate is going to be settled but certainly we should hear a lot more data points from companies and from CEOs in the coming weeks that will help give us a better picture of what exactly is going on here And where the bifurcations are rookie you look at it a bunch of different data points freight waves is one company that provides a lot of supply chain analysis It has a tender rejection index explained to us what that is and what it's showing So the idea is to look at the rate at which freight operators are rejecting shipments And when that rejection index is higher it means that they have more options And there's more demand on their services so they can be a little bit pickier when that comes down that indicates sort of a loosening of transportation markets And so we have seen that coming down We've seen some other measures of trucking and transportation markets easing in recent weeks but that gets back to what I'm saying before it's a little early in my mind to a predictive freight recession just given what's happening in China and some of the concerns about the ripple effects there But then separately I think it is possible to think that maybe we do see some sort of recession in trucking which has a tendency to go through these boom and bust cycle as you have new operators chasing that demand and not necessarily see the recession on the industrial side because in theory hallucinating and transportation markets should be a good thing for these companies that have been complaining so much about supply chain constraints But sell them in there don't forget to reach out with thoughts suggestions and opinions I'm advancing.
Bloomberg Radio New York
"pegatron" Discussed on Bloomberg Radio New York
"Com This is a special report the Russian invasion of Ukraine The mayor of a Ukrainian city says Russian forces now control evacuation corridors CNN reports Mario poles May or spoke in a live TV interview Monday and said not everything is in our power President Biden is defending his remarks about the dangers of Russian president Putin remaining in power while overseas Biden said Putin can't remain in power after his invasion of Ukraine He noted it's not a U.S. policy change and he isn't concerned his remark will make the war worse Council of economic advisers chair Cecilia rouse says the Russian sanctions will have an impact on the world economy While our sanctions are going to have their focus on the Russian economy we can expect that we will see a bit of impact in the United States Rouse pointed out that the nation has already seen oil and gas prices go up while food and energy prices could go up as well This has been a special report I'm Brian shook And I Brian Curtis in Los Angeles Let's check this hour to stop business stories and the markets The U.S. is launching an investigation into Chinese solar equipment makers The probe will examine whether the companies are evading tariffs by sending components to other Asian nations for assembly before their ship to the U.S. The investigation comes at the request of a small California panel maker who alleges that manufacturers in Malaysia Vietnam Thailand and Cambodia are using components from China and are skirting the duties While many companies are continuing to operate factories in Shanghai during the city's lockdown these include China's biggest chip maker Smith and Apple supplier pegatron They are allowed to keep running by adopting the so called closed loop system Bloomberg Stephen engel tells us how it works Workers they have to stay on the campus They have to stay in the dorms there and they have to be tested every single day and they have to abide by their COVID restrictions And we saw that yesterday in the financial services industry people rushing to the office are being called to rush to the office before the 5 a.m. beginning of the lockdown And now people apparently sleeping in the office and sleeping bags We'll see how long that can last Half of Shanghai was put under lockdown yesterday for four days The other half will follow from the 1st of April The bank of Japan has offered to buy an unlimited amount of ten year government notes at fixed yields for a second day this week The purchase will include December 2031 notes at a yield of 25 basis points Right now dollar yen one 23 76 we've seen a lot of weakness in the end this week Oil extended a slide taking West Texas intermediate crude down to $104 and 41 cents a barrel That's a drop of another one and a half percent from the fall in the U.S. session Briefly in the markets we're seeing the Hanks hang index trade up 9 tenths of 1% The nikkei up two thirds of 1% Global news 24 hours a day live in a Bloomberg quick take This is limburg You're listening to Bloomberg long with June grosso from Bloomberg radio Justice clarence.
Bloomberg Radio New York
"pegatron" 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
"pegatron" Discussed on Bloomberg Radio New York
"And J&J vaccines get booster clearance from the FDA CDC protocols to come meanwhile the Biden administration begins shipping vaccines for kids age 5 to 11 as soon as next week this to be ready for the coming approval New York City expanding vaccine mandates removing the test out option Russian president Vladimir Putin has ordered sweeping COVID-19 restrictions The number of new infections in deaths have reached record levels California governor Gavin Newsom has issued an order that aims to ease supply chain bottlenecks for the state's ports And I hesitate to put these stories together but I guess they fit China's cyberspace watchdog published a new list of more than 1300 official media sources banning Internet news service providers from republishing from other sources which makes you wonder whether Donald Trump's new venture would be able to go up announce the Trump media and technology group merger with spac initially valued at $875 million potential additional earnout of 825 million It says it will be home to a new social media platform called truth social In San Francisco I'm at Baxter This is Bloomberg Julia Thank you Ed All right Bitcoin rally to a record topping $66,000 for the first time Let's discuss how and why with Joanna Austin Jia Bloomberg cross asset team editor So we saw this after we had the successful debut of the process ETF Is this movement that we're seeing in Bitcoin just I guess kind of solidifying the fact that it's getting further mainstream acceptance Hi Juliet Yes it definitely is solidifying that and the new highs are of course bringing more attention to it making people more aware One thing that's sort of interesting though is it looks like the flows into the ETF were not necessarily from retail So they might have been more institutional and kind of bigger players getting in But at this point most of the big say financial companies and strategists are saying that crypto really does look like it's here to say there is still a ton of volatility but everyone is really looking at it now And you had that really interesting call coming through from JPMorgan as well talking about an inflation head here too Right And of course Bitcoin has been called an inflation hedge for a while and it didn't work so well as a hedge when we were really starting to worry about inflation earlier in the year But it is something that has a fixed supply And people who are worried about inflation are buying into it So it does make sense to an extent What kind of expectations do we have as to where Bitcoin trades now given that it's risen a 130% so far this year Yes Well with the caveat that Bitcoin people tend to be quite bullish about it There are a lot of calls for a 100,000 by the end of the year The fourth quarter does tend to be a good time for Bitcoin So people are talking about that 168,000 for instance 400,000 but it will see because you often have these really exciting cycles like with the ETFs when coinbase listed shares and then you have a big drop after that So there's also potential for it to go down There was also potentially a thought that what Jack Dorsey tweeted if you can tell us a little bit about that was potentially a prediction on where we could see Bitcoin move Right So that was pretty funny He tweeted this 6 digit number and people were saying what is this But it looks like it was actually his prediction of the Bitcoin block where Bitcoin was hit a record And then he tweeted later I was a 117 off So he had thoughts that the record would come earlier and it took a little bit longer than he thought but it looks like it was that the mind Bitcoin block as opposed to say a price target But before we definitely wondering for a while at least 6 digits are Yeah when the Twitter CEO just tweets the number was 75 7 four two All right Joanna thank you as always Joanna Austin jet is Bloomberg cross asset editor let's head over to Taipei now and join Tim Cole pember Bloomberg opinion columnist He's here to discuss why Foxconn technology is keen on EVs and why it may need to move away from its biggest client Apple white him Well apple accounts more than 50% of its revenue and it's been doing so for many many years And that's a pretty unhealthy addictive relationship And it's not even healthy for Apple to be blunt Apple has tried to move away from Foxconn it's given orders to other companies like wisdom and pegatron But they really stuck with each other because nobody can do what Foxconn does and there is no client larger than Apple that can really feed the Foxconn machinery and production capacity EVs on the other hand I think are a chance for them to move away from that model and find new clients and broaden their base of clients And that's really what I think it's about A lot of people say oh they're moving into EVs to front run and I think they're moving into EVs to run away from Apple Right interesting and they've got some clients so tell us where they're at in terms of their EV plans While earlier this week they unveiled three EVs that are fully fully made and produced They're not on the.
Daily Tech News Show
Apple Freezes New Business for Pegatron on China Labor Abuse
"Apple announced. Suspended new business with petron. The taiwanese manufacturer used for iphone assembly after discovering labor violations. Apples discovered several weeks ago. That petron miss classified student workers allowing them to work nights and overtime in violation of the company supplier code of conduct since this only applies to new business current iphone twelve production should not be impacted. Package ryan is on probation with apple until corrective action is complete
News and Perspective with Tom Hutyler
Apple Suspends New Business With Pegatron Over Labor Violations
"Use. Apple has suspended its new business with iPhone assembler Pegatron Corporation after discovering labor violations at a student workers program, taking strong action to clean up a Chinese based production chain. Long abused of
Daily Tech News Show
Apple Suspends New Business With Pegatron Over Labor Violations
"Apple announces suspended. New business with peggy. Trot the taiwanese. He's manufacturer used for iphone. Assembly after discovering labor violations apple discovered several weeks ago that petron miss classified student workers allowing them to work nights and overtime in violation of the company's supplier code of conduct since this only applies to new business current iphone twelve production should not be impacted. Petron is on probation with apple until corrective action is complete
Bernie and Sid in the Morning
Apple puts iPhone supplier on probation for labour violations
"Apple has put a supplier in Taiwan on probation because it was asking student employees to work night shifts or overtime work violated apples Supplier code of conduct. For now, the supplier Pegatron will receive no new work from Apple until apples satisfied the violations have been corrected.