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May 31, 2022
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i'm su keenan. this is bloomberg. ♪ kathleen: coming up, we hear exclusively from an indonesian conglomerate as the company pivots from mining into renewable energy and electric vehicles. this is bloomberg. and in dire back. >> ceo anindya bakrie is embarking on an ambitious project to pipit to electric vehicles. bakrie & brothers tbk was founded by was founded by his grandfather. he tells us about the next step for the company. >> you come from an old group, an 80-euro start up, i call it. >> right now, we focus on certain traditional businesses. but i think the future is inevitably going to be renewables. what the growth has seen is that indonesia has a lot to offer for this net zero transition. i like to say indonesia can be the saudi arabia of renewables and diversification. the group embarked on electrification starting with public transportation, buses. in the next seven years, they are going to have about 10,000 buses to be electrified. and we are front and center to lead the change. anothe
i'm su keenan. this is bloomberg. ♪ kathleen: coming up, we hear exclusively from an indonesian conglomerate as the company pivots from mining into renewable energy and electric vehicles. this is bloomberg. and in dire back. >> ceo anindya bakrie is embarking on an ambitious project to pipit to electric vehicles. bakrie & brothers tbk was founded by was founded by his grandfather. he tells us about the next step for the company. >> you come from an old group, an 80-euro start...
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May 25, 2022
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i am su keenan. this is bloomberg. shery: coming up, alibaba is expected to post a second straight quarter of single digit revenue growth as we continue to see regulations and the covid lockdowns apply pressure on the company. an earnings preview next. this is bloomberg. ♪ haidi: we are tracking the flood of the global supply chain courage and these are your top stories. nvidia, the largest chipmaker by market value slipped in trade and the war in ukraine wait on its forecast. the company says revenue will be $80 billion below analysts' estimates. real-time tracking data shows the heavy toll of covered restrictions is no longer available. public access to the data is making it difficult to assess the damage to freight traffic and will make it harder for businesses to know whether the slow reopening of shanghai is improving supply chains. rush's defense ministry says it will open sea corridors as the threat of a global food crisis grows. russian forces of block 22 million tons of grain. shery: a lit
i am su keenan. this is bloomberg. shery: coming up, alibaba is expected to post a second straight quarter of single digit revenue growth as we continue to see regulations and the covid lockdowns apply pressure on the company. an earnings preview next. this is bloomberg. ♪ haidi: we are tracking the flood of the global supply chain courage and these are your top stories. nvidia, the largest chipmaker by market value slipped in trade and the war in ukraine wait on its forecast. the company...
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May 26, 2022
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i am su keenan. this is bloomberg. >> shares of alibaba sort overnight in new york after companies posted better than expected revenue gains. let's bring in our asia correspondent. expectations were pretty low. give us some context as to how good these numbers are. >> it was a sigh of relief or global investors who have stuck with alibaba and its decline. the stock has been down 30% year to date in been hammered since the regulatory crackdown began on it and aunt -- ant. shares rose almost 50%. -- 15%. there were a couple of beats. that is how the bar has been set so low. you can see revenue was up about 9%. the estimate was 7.1% increase in revenue. after tencent disappointed a week before, eking out revenue gains of 0.1%, alibaba's beat was a positive. also on adjusted net income, if you strip out investment losses, you had a beat. adjusted net income was up, revenue was up, the stock was up. there's still a lot of headwinds for alibaba. we don't have much clarity on the path forward for an easing
i am su keenan. this is bloomberg. >> shares of alibaba sort overnight in new york after companies posted better than expected revenue gains. let's bring in our asia correspondent. expectations were pretty low. give us some context as to how good these numbers are. >> it was a sigh of relief or global investors who have stuck with alibaba and its decline. the stock has been down 30% year to date in been hammered since the regulatory crackdown began on it and aunt -- ant. shares rose...
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May 31, 2022
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i am su keenan. this is bloomberg. >> still ahead, how china is planning for years of covid zero with tests on every corner as daily cases nationwide fall below 100. we get an update later this hour. up next, -- recommending traders invest in small value stocks amid the widely talked about possibility of arrest session. that conversation is ahead. this is bloomberg. ♪ >> take a look at u.s. futures -- much ado about nothing. a volatile session for the last day of the month. we -- we saw the late tech rally stalling. energy producers evaporating with the way that opec potentially will boot. s&p following .6%. s&p futures as we enter this new month looking mildly positive. nasdaq 100 up by .1%. the dow doing marginally better, .3%. we are looking like a muted start to trading this midweek session in asia. >> our next guest sees opportunities in small value stocks. let me start off with this chart which shows it is a momentous day when it comes to the start of the balance sheet runoff. this chart real
i am su keenan. this is bloomberg. >> still ahead, how china is planning for years of covid zero with tests on every corner as daily cases nationwide fall below 100. we get an update later this hour. up next, -- recommending traders invest in small value stocks amid the widely talked about possibility of arrest session. that conversation is ahead. this is bloomberg. ♪ >> take a look at u.s. futures -- much ado about nothing. a volatile session for the last day of the month. we --...
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May 18, 2022
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let's -- >>divya balji, sue keenan -- su keenan and david ingalls there. let's look at how asian markets are setting up. david, you will be talking about the chinese markets as you have seen. as a divya was telling us, if we don't have immensely positive views from here on out we might see more selloffs in asian markets. >> the smile is as good of the news is you will get today. i will not be the bearer of good news. i don't have any. price actions suggest we will get a lot of pressure across these markets. i'm just look at new zealand still bidding out, open pretty much at 23 month lows. the stock index market's down. you are getting pressure. judgment lower in japanese futures, for example. i am looking at that. maybe 1.5%, may be a 2% drop there at the open in tokyo. let's flip the boards. i broad look at how treasuries are trading. you had a massive bull flattening of the curve overnight. it is steady now. let's give it a few minutes to get up and running. the new zealand 10 year yield you can see downton basis points. vix futures, we just closed 31 ov
let's -- >>divya balji, sue keenan -- su keenan and david ingalls there. let's look at how asian markets are setting up. david, you will be talking about the chinese markets as you have seen. as a divya was telling us, if we don't have immensely positive views from here on out we might see more selloffs in asian markets. >> the smile is as good of the news is you will get today. i will not be the bearer of good news. i don't have any. price actions suggest we will get a lot of...
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May 9, 2022
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bloomberg's see keenan -- su keenan joins us with the latest. one of the precious is the negative impact move. su: clearly sold off with stocks, but there is pressure coming in from all sides. just one of the issues is that the eu, which recently had proposed a tough ban on russian oil has softened that proposal to appeal to some of the eastern european members and it has brought the -- taking russian oil to other buyers. you're looking at the latest trades in west texas as a shery mentioned. it's above 102. but we saw in the regular session was west texas having over six dollars a barrel. brent dropping by almost the same amount, the biggest drop since march. excuse me. i'm sorry. shery: i've been in that position. su keenan here with the latest on oil. that is the pressure that were seeing initially with that negative feedback loop from the equities space. bloomberg's su keenan here trying to get us the latest on the oil. we will have her back with the latest. but first to japan. g-7 countries, haidi, and committing with that ban on russian oi
bloomberg's see keenan -- su keenan joins us with the latest. one of the precious is the negative impact move. su: clearly sold off with stocks, but there is pressure coming in from all sides. just one of the issues is that the eu, which recently had proposed a tough ban on russian oil has softened that proposal to appeal to some of the eastern european members and it has brought the -- taking russian oil to other buyers. you're looking at the latest trades in west texas as a shery mentioned....
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May 12, 2022
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su keenan joins us, talk to us about the collapse of the terra us stable going. perhaps tara -- terra is the lead in moment for the currency. >> it was like -- many people focused on it and it could be next. this lowered the confidence in decentralized finance and it has a -- and it is in a confidence of crisis that has spread through every protocol. let's take a look at the bloomberg of what happens with terra usd specifically that set off an avalanche. terrausd is an algorithmic coin. it started getting deep pegged, $.99 to a dollar, then it plunged to $.70 to $.80 range and then it went lower into a death spiral on the far right hand side of the chart. the entire model fell apart and it was unable to withstand that the black swan event and it is called the stable coin. the whole point to be pegged to the dollar was this kind of thing was not supposed to happen. it was a collateralized protocol in which it was backed by billions of bitcoin, which, as they sold into the route, devalued and forcibly -- forced backers of terrausd to seek financers. you also have s
su keenan joins us, talk to us about the collapse of the terra us stable going. perhaps tara -- terra is the lead in moment for the currency. >> it was like -- many people focused on it and it could be next. this lowered the confidence in decentralized finance and it has a -- and it is in a confidence of crisis that has spread through every protocol. let's take a look at the bloomberg of what happens with terra usd specifically that set off an avalanche. terrausd is an algorithmic coin....
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May 22, 2022
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bloomberg's su keenan joins us. is this sort of the calm before another storm? su: it could be. many times when stocks fall out, crypto goes along with it and in an accelerated manner. technical analysts are warning of something that could send prices lower. while you are seeing a lot of green on the screen now, bitcoin above the key 30,000 level after the rough ride over the weekend, one analyst notes that a popular crypto analyst has told his more than 200,000 followers that the bottom may still be months away, six-eight months away, based on other bear markets for bitcoin. mike never, numeral, the founder of galaxy digital holdings, said don't try to pick the bottom -- mike novogratzs. rep. comer: dogecoin and solana have lost roughly 30%. you are looking at bloomberg now. anybody who bought into the crypto market in the last two years is either flat or showing a lot of red in terms of losses. shiba inu, acorn that was created as a joke, it is down 80%. analysts looking at previous bear markets have seen pullbacks of 84% from their highs. based on that historic level, that wo
bloomberg's su keenan joins us. is this sort of the calm before another storm? su: it could be. many times when stocks fall out, crypto goes along with it and in an accelerated manner. technical analysts are warning of something that could send prices lower. while you are seeing a lot of green on the screen now, bitcoin above the key 30,000 level after the rough ride over the weekend, one analyst notes that a popular crypto analyst has told his more than 200,000 followers that the bottom may...
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May 9, 2022
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su keenan has more. let's start with the g7. are we expecting an effect when it comes to oil prices? >> it should because it comes as the eu is still struggling to impose this oil pan, which is the key response. it was a video conference call with ukraine's president on the people of russia's victory day and after the call they pledged to ban oil imports from russia. several g7 companies already pledged to diversify away from russian supplies. germany has backed a plan for the eu to ease out of russian oil by january. g7 pledged is the furthest japan's prime minister has gone to halting russian oil purchases and the g7 statement includes pledges to continue actions against russian banks and the financial elite and family members. they also plan to prohibit key services and this is all designed to reinforce russia's isolation across all sectors of its economy. haidi: an interesting dynamic because traders are also trying to weigh in the price cuts from saudi arabia. >> it looks like they have offset any impact you would have from
su keenan has more. let's start with the g7. are we expecting an effect when it comes to oil prices? >> it should because it comes as the eu is still struggling to impose this oil pan, which is the key response. it was a video conference call with ukraine's president on the people of russia's victory day and after the call they pledged to ban oil imports from russia. several g7 companies already pledged to diversify away from russian supplies. germany has backed a plan for the eu to ease...
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May 3, 2022
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shery: su keenan the latest. market opens our next. this is bloomberg. ♪ haidi: good morning on day two of the australia conference. shery: and from new york, i am shery ahn. welcome to "daybreak asia. " taking a look at top stories, a volatile session, investors waiting on whether the fed can engineer a soft landing. haidi: beijing goes to extreme lengths. plus, didi global is under investigation in the u.s. adding to scrutiny over its ipo at home. shery: japanese equity markets are away on holiday, but we are -- we're seeing upside, 7/10 of 1%. take a look at the kospi coming online, we have seen the korean won very weak. remember, we are talking about levels we have not seen since the global financial crisis in 2008. the cost beginning a half a percent. i am watching what we might get from the be ok because we have the meeting minutes coming up later in the afternoon. haidi: let's take a look as we continue to look at australia, traders and economists were caught off guard from the central bank and revision of inflation expectatio
shery: su keenan the latest. market opens our next. this is bloomberg. ♪ haidi: good morning on day two of the australia conference. shery: and from new york, i am shery ahn. welcome to "daybreak asia. " taking a look at top stories, a volatile session, investors waiting on whether the fed can engineer a soft landing. haidi: beijing goes to extreme lengths. plus, didi global is under investigation in the u.s. adding to scrutiny over its ipo at home. shery: japanese equity markets...
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May 10, 2022
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su keenan joins us now. su: what we have at this conference is the saudi oil minister along with the minister for the uae both warning the world needs to wake up, spare capacity is dwindling across sectors, and they are saying this is coming as producers slashed investment. everything from oil, diesel, gasoline, natural gas, is trading at record levels. the saudi minister pointed out he is a dinosaur. he has been attending meetings going back to the 1980's and says he has never seen anything like this where there has been a rapid surge in these products. he says the world needs to wake up to a reality we are running out of energy capacity at all levels. saudi arabia and uae are two of the few producers who are investing to increase capacity, spare capacity is the question producers have so whenhere are production delays, they have enough to meet targets. we have been reporting month after month that opec-plus, the alliance of 23 countries has struggled to meet their targets. shery: the demand picture is impo
su keenan joins us now. su: what we have at this conference is the saudi oil minister along with the minister for the uae both warning the world needs to wake up, spare capacity is dwindling across sectors, and they are saying this is coming as producers slashed investment. everything from oil, diesel, gasoline, natural gas, is trading at record levels. the saudi minister pointed out he is a dinosaur. he has been attending meetings going back to the 1980's and says he has never seen anything...
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May 16, 2022
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haidi: su keenan with the latest on crypto. we are getting an update when it comes to the cvc capital partners being for brambles. doesn't look like it is going ahead. we are hearing in terms of communication to the securities exchange that cvc will not be proposing for brambles. brambles will continue to explother options. cvc will not be making a bid sock due to market volatility. c >> this is going to take some time. there is something every day that impacts the supply chain. whether it is the atrocities in ukraine, the lockdowns in shanghai, producer prices going up 11%. all of this is in the supply chain equation. >> food is a big concern. ukraine has food in store but it cannot get out at the moment. and the finance minister of ukraine is optimistic about crop planting but they have to wait it out. >> we are watching for the executive -- we were hearing from the executive director from the port of los angeles in the foreign minister of ukraine. we are tracking the fallout of the global supply chain crunch. chip giant gs m
haidi: su keenan with the latest on crypto. we are getting an update when it comes to the cvc capital partners being for brambles. doesn't look like it is going ahead. we are hearing in terms of communication to the securities exchange that cvc will not be proposing for brambles. brambles will continue to explother options. cvc will not be making a bid sock due to market volatility. c >> this is going to take some time. there is something every day that impacts the supply chain. whether...
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May 16, 2022
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su keenan joins us with more. this is conspicuously quiet. >> there is a lot going on in the crypto space. this man is viewed as the king of both and has been very quiet. he has not tweeted anything since may 8. he recently got a wolf howling at the moon tattoo with the word luna. a nod to the sister coin luna for all of this algorithmic stuff. a bit of a black eye there. many of the reasons he may not be speaking out as we look at the crypto index, the galaxy digital holdings are bracing for 300 million hits this quarter -- that would bring total equity down to 2.2 billion. galaxy said its treasury does not hold any algorithmic stable coin so there is no loss attributable to luna and tara. you're looking at the bloomberg. anyone who has bought bitcoin are having a bit of a loss. they come back rather quickly. assigned that institutional investors were not there a couple of years ago. >> this is actually down today, the bloomberg crypto index. >> this other stable coin is a smaller lesser-known coin. we are talkin
su keenan joins us with more. this is conspicuously quiet. >> there is a lot going on in the crypto space. this man is viewed as the king of both and has been very quiet. he has not tweeted anything since may 8. he recently got a wolf howling at the moon tattoo with the word luna. a nod to the sister coin luna for all of this algorithmic stuff. a bit of a black eye there. many of the reasons he may not be speaking out as we look at the crypto index, the galaxy digital holdings are bracing...
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May 16, 2022
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su keenan us with the latest. does this show the resilience given have not gone just above 30,000, but $31,000? su: pit certain it looks that way. the ceo of bytedance said it looks like we have newfound resiliency. drop into the bloomberg to understand this better. in most of the recent crypto clashes, and you can go back to the crypto winter of 2018, it took months if not years to see a bounceback. and yet in a matter of days we have now seen a very brisk ounce back. a lot of green on the screen not just for bitcoin which is about $31,000, but for a lot of the coins. the big difference is you have a lot of institutional investors now and they see a pullback as a buying opportunity. after crypto's recovery on sound and the total market value of digital turn sees dropped by about $350 billion. so you still have some challenges for bitcoin. but terra usd is a very different story. bitcoin recovering from its being rocked by this deep stabilization,, - this destabilization. some of it not being able to be traced. ha
su keenan us with the latest. does this show the resilience given have not gone just above 30,000, but $31,000? su: pit certain it looks that way. the ceo of bytedance said it looks like we have newfound resiliency. drop into the bloomberg to understand this better. in most of the recent crypto clashes, and you can go back to the crypto winter of 2018, it took months if not years to see a bounceback. and yet in a matter of days we have now seen a very brisk ounce back. a lot of green on the...
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May 26, 2022
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that's get over to su keenan in new york. >> we start with australia which is promising aid and assistance to pacific nations with no strings attached. in what appears to be a veiled jab in china. the foreign minister vows australia will remain a critical development partner for the region. it corresponds with an eight day trip. beijing reportedly seeking security and economic deals. the imf says it has made good progress. it is cautioning that any loan would need assurances that debt sustainability would be restored. sri lanka wants a bailout program in place by mid june. in pakistan, the government is raising vocal fuel prices to meet a key condition set by the imf for revising its bailout program. pakistan needs a $3 billion loan to keep its economy afloat and to avoid default. japan is set to end a ban on overseas tourists that was created two years ago as part of the virus control program. beginning june 10, foreign travelers will be able to enter the country. japan will double its cap on overseas arrivals to 20,000 people per day. and it will allow international flights to land. glob
that's get over to su keenan in new york. >> we start with australia which is promising aid and assistance to pacific nations with no strings attached. in what appears to be a veiled jab in china. the foreign minister vows australia will remain a critical development partner for the region. it corresponds with an eight day trip. beijing reportedly seeking security and economic deals. the imf says it has made good progress. it is cautioning that any loan would need assurances that debt...
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May 12, 2022
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. >> that was su keenan. up ahead, beijing officials denying rumors that the city will be placed under lockdown. this is bloomberg. ♪ vonnie: jay powell has reiterated central-bank is likely to raise rates half a percentage point at the next of its two meetings -- two of its next meetings. jay powell one senate confirmation with an overwhelmingly bipartisan vote. argentina central-bank is said to have raised rates for the fifth time this year to keep up with inflation. sources tell bloomberg it increased the benchmark rate by 200 basis points to 49%. the decision has not officially been announced. argentina prices rose 6%. tether briefly lost its dollar peg. the top rated stable coin fell to a low before bouncing back. the ceo assured customers they will not have a problem trading tether tokens one-for-one. south korea, japan, and the united states condemned north korea's latest test. south korea inaugurates its new president this weekend. president biden visits the region in the coming days. north korea co
. >> that was su keenan. up ahead, beijing officials denying rumors that the city will be placed under lockdown. this is bloomberg. ♪ vonnie: jay powell has reiterated central-bank is likely to raise rates half a percentage point at the next of its two meetings -- two of its next meetings. jay powell one senate confirmation with an overwhelmingly bipartisan vote. argentina central-bank is said to have raised rates for the fifth time this year to keep up with inflation. sources tell...
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May 4, 2022
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. >> this is bloomberg surveillance with john keenan, jonathan ferro and lisa abramowicz. tom: we are all moving forward to the presumable economic shutdown. jonathan: what are the odds to that question? tom: what i am looking at is the data. front and center for me today is diesel. from the last meeting to this meeting is surging. that number was just published moments ago. diesel is 16% of america's energy consumption. it matters. jonathan: a lot has changed in the price of fuel, a lot has changed in this market. the s&p and the nasdaq, for that matters well. lisa: there has been a lot of adjustments ahead of this fed reason -- this fed meeting was raise a lot of questions for me. for june, are they going to raise rates 570 percent there? why don't they do something bold in this meeting? are they going to signal something in the balance sheets sooner than june? everybody is talking about dependency. john, you have pointed out again and again what data are they looking at because it is coming in hot. jonathan: how he answers that question in the news conference today will
. >> this is bloomberg surveillance with john keenan, jonathan ferro and lisa abramowicz. tom: we are all moving forward to the presumable economic shutdown. jonathan: what are the odds to that question? tom: what i am looking at is the data. front and center for me today is diesel. from the last meeting to this meeting is surging. that number was just published moments ago. diesel is 16% of america's energy consumption. it matters. jonathan: a lot has changed in the price of fuel, a lot...
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May 4, 2022
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let us bring in keenan. the plan for russia, sending prices higher. >> that is putting supply constraints front and center once again as the eu rolls out its plan. the strictest ever. it gave us more details what they are proposing. to quote the eu, it will be a complete import ban on all russian oil, seaborne and pipeline, as west texas intermediate jumped up in the new york trading session. it is down slightly, holding at those levels. adding to the supply pressures for west texas intermediate as mentioned. inventory data showing regional supplies on the east coast of the u.s. falling to record lows. you are looking at crude, that also reacted in a big way to the eu's proposed ban. the eu plans to ban russian oil and refined fuels by the end of the year as part of the six round of sanctions. this is to boost pressure on russia over its invasion of ukraine. the phaseout of russian oil in europe which is highly dependent on russian oil comes at a time when the whole world is to grappling with a refined produ
let us bring in keenan. the plan for russia, sending prices higher. >> that is putting supply constraints front and center once again as the eu rolls out its plan. the strictest ever. it gave us more details what they are proposing. to quote the eu, it will be a complete import ban on all russian oil, seaborne and pipeline, as west texas intermediate jumped up in the new york trading session. it is down slightly, holding at those levels. adding to the supply pressures for west texas...
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May 2, 2022
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we bring in bloomberg su keenan. we know that both equity markets really rebounded from the crash, but this sharp drop is pretty rare. su: pretty rare, and even if it's a brief drop, it could cause billions of dollars of losses in this era of computerized trading. that's what happened here. sources close to bloomberg with knowledge of the matter say a largest transaction made by bloomberg's london traders is likely to blame. the nasdaq was quick to point out there was no technical glitch on there and that could have been cited as a cause. it was very clear that the cause of the move was a very substantial transaction made by a market participant. sources tell bloomberg that the erroneous transaction came from the citigroup london desk and that 8% sudden drop in the stockholm index left five minutes of havoc from paris to warsaw, which wiped out as much as $350 billion in value. at one point we did see the market recover. i think the lms stockholm 30 index closed 2% lower. no, from city. market observers say this kind
we bring in bloomberg su keenan. we know that both equity markets really rebounded from the crash, but this sharp drop is pretty rare. su: pretty rare, and even if it's a brief drop, it could cause billions of dollars of losses in this era of computerized trading. that's what happened here. sources close to bloomberg with knowledge of the matter say a largest transaction made by bloomberg's london traders is likely to blame. the nasdaq was quick to point out there was no technical glitch on...
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May 3, 2022
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rishaad: su, thanks for that, su keenan joining us. just -- in hong kong. we have equity trading not happening in tokyo or shanghai, public holiday there. that means no u.s. treasury training, either. we have a look at u.s. futures. perhaps should be getting a bit of a lift but not really. the korean market making some moves to the upside up by half of 1%. looking essentially edit -- as investors evaluate the global way for monetary tightening. we are an hour and 35 minutes away from the reserve bank of australia set to raise rates to 25 basis points. the first time they have raised rates since 2010. lots more on the way. this is bloomberg. ♪ >> from the heart of where innovation, money, and power collide, silicon valley and beyond, this is bloomberg technology, with emily chang. emily: a retail giant defeating a push to unionize one of their new york warehouses. weeks after they won at another warehouse across the street. warren buffett discloses a massive stake in activision in a merger arbitrage play. plus a wide ranging conversation
rishaad: su, thanks for that, su keenan joining us. just -- in hong kong. we have equity trading not happening in tokyo or shanghai, public holiday there. that means no u.s. treasury training, either. we have a look at u.s. futures. perhaps should be getting a bit of a lift but not really. the korean market making some moves to the upside up by half of 1%. looking essentially edit -- as investors evaluate the global way for monetary tightening. we are an hour and 35 minutes away from the...
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May 11, 2022
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juliette: su keenan with us in new york. now we are looking at the pandemic recovery from emerging markets and that has been challenged by rising interest rates and inflation. this is a heavy burden on the most vulnerable. rishaad: our next guest is the men director of the international finance corporation. -- managing director of the international finance corporation, makhtar diop. thank you for joining us. how bad the pandemic make inequality? makhtar: it increased the number of people going into poverty and all of the cases we have made in the past, poverty has been partially erased by this crisis. people have lost their jobs, inflation is rising, and manufacturing is pausing. the price of goods has increased significantly. in countries like india you have 6% inflation last quarter and you have the likes of sri lanka. these crises have been impacting the economies and it has slowed down significant investment. rishaad: you outline capital from the private sector. it is not so much the money but getting the money in the ri
juliette: su keenan with us in new york. now we are looking at the pandemic recovery from emerging markets and that has been challenged by rising interest rates and inflation. this is a heavy burden on the most vulnerable. rishaad: our next guest is the men director of the international finance corporation. -- managing director of the international finance corporation, makhtar diop. thank you for joining us. how bad the pandemic make inequality? makhtar: it increased the number of people going...
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May 15, 2022
05/22
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haidi: su keenan there. shery: speaking of crypto, a decade-long crypto industry veteran discusses how he protected terra's implosion and why he says his warning about the stable coin is a public service. >> i would say that certain boxes are a little bit more honest in the sense that it is kind of like a chicken game. right? so, it's users competing with users, and the earlier you are, the better it does. it sounds bad and it is bad. but this is even worse than that. it is not just users competing against users. it is more like users thinking they are competing against other users, but getting funds siphoned out by investors. shery: that interview was from the oddlots podcast. we have plenty more ahead. this is bloomberg. ♪ haidi: we are tracking the fallout of the global supply chain crunch. india will suspend overseas wheat exports. the move by the indian government is said to expose how tight the global supplies are after the war in ukraine, and is threatening to drive up prices even higher. diminishin
haidi: su keenan there. shery: speaking of crypto, a decade-long crypto industry veteran discusses how he protected terra's implosion and why he says his warning about the stable coin is a public service. >> i would say that certain boxes are a little bit more honest in the sense that it is kind of like a chicken game. right? so, it's users competing with users, and the earlier you are, the better it does. it sounds bad and it is bad. but this is even worse than that. it is not just users...
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May 14, 2022
05/22
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. >> keenan, what do we have to do to get the senate to do something similar? [laughter] >> i saw you asked that and i was thinking he does. i am encouraged by what joe merged in his comments and that people are speaking the information. i think the advocacy has always been powerful, groups call for the select committee, i think we just need to take keep the pressure on. i don't mind saying it's a bit forward, it's okay if they catch up to it. [laughter] i think we keep the pressure on, the issues forward and there is diversity so while there is not the issues acknowledged, they were the first to do it but i think the idea is to keep the pressure and keep advocating for these. i know staff would love it and there's conversations where senate staff say what are you doing in the house? worried some of the staffers i support are moving from the senate to the house because of the work form and change that's happening. people will grow where they are treated well and received well. so that is my recommendation for the united states senate. >> i have the solution, th
. >> keenan, what do we have to do to get the senate to do something similar? [laughter] >> i saw you asked that and i was thinking he does. i am encouraged by what joe merged in his comments and that people are speaking the information. i think the advocacy has always been powerful, groups call for the select committee, i think we just need to take keep the pressure on. i don't mind saying it's a bit forward, it's okay if they catch up to it. [laughter] i think we keep the pressure...
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May 7, 2022
05/22
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let's bring in retired general, he is the wilson center global fellow at the keenan institute. -- between 2012 and 2014. he is also the author of the book, swimming the volga. the u.s. officers experience in pre-putin russia. this week there's been those reports that the u.s. provided. ukraine with intel that help their military take out russian generals. what do you make of those reports? what do you make of biden calling the media sharing counterproductive? >> i am a career u.s. army military intelligence officer. for 34 years. we have had, with our analyzing partners always sharing relationships that would rev up or ramp up in an event of crisis. ukraine is one of those partners. , so, savagely and unprovokedly attacked ten weeks ago by the russian federation. and fighting for its access dental life. in the visceral true way. so yes, the united states and other countries i must emphasize are doing the best they can to provide intelligence to ukraine. in order for it to fight for its survival. there's nothing -- about that. that is the way it is done. you just don't get in two sources a
let's bring in retired general, he is the wilson center global fellow at the keenan institute. -- between 2012 and 2014. he is also the author of the book, swimming the volga. the u.s. officers experience in pre-putin russia. this week there's been those reports that the u.s. provided. ukraine with intel that help their military take out russian generals. what do you make of those reports? what do you make of biden calling the media sharing counterproductive? >> i am a career u.s. army...
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May 8, 2022
05/22
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keenan was a professor in climate science, dr. kuhn was a professor of theoretical physics at caltech and also served as caltex vice president and provost for almost a decade. he is currently a professor at new york university and in a review of dr. coonan's book unsettled what climate science tells us what it doesn't and why it matters. a professor of global energy at the harvard kennedy school wrote dr. coonan's book is essential reading and a timely breath of fresh air for climate policy. the science of climate is neither settled nor sufficient to dictate policy. rather than an existential crisis. we face a wicked problem that requires a pragmatic balancing of costs and benefits. following his remarks this morning, dr. kunan will be joined on stage by jackie pick deason radio and podcast host who covers all things energy on the on the jackie daly show. jackie will select your questions to ask dr. coonen, so be sure to submit your questions using the qr code, which you will find on the cards on your tables. let's give a warm ste
keenan was a professor in climate science, dr. kuhn was a professor of theoretical physics at caltech and also served as caltex vice president and provost for almost a decade. he is currently a professor at new york university and in a review of dr. coonan's book unsettled what climate science tells us what it doesn't and why it matters. a professor of global energy at the harvard kennedy school wrote dr. coonan's book is essential reading and a timely breath of fresh air for climate policy....
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May 18, 2022
05/22
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we have doug keenan serious. we have dusky sts from zazu black pig meat company. so a lot of good local guys really kind of showcasing their craft. so if you're watching at home, those are chefs that we people in the food community. no last question is, yes. i really like that. you're helping the agricultural farm families in that neighborhood because people might think of healdsburg as you know, one country and upscale, but there are also families there who might be struggling. absolutely and that's what we're all about. i mean, we want equality for all we're sitting back. there really kind of showcasing a craft. we're teaching. we're helping. we're trying to educate with the big f a was a big part of is really looking to the future. look in the future farmers and saying, how do we make this sustainable? not just for today, but also for tomorrow. how do we inspire the next generation? last thing here, the restaurant we were talking about just that. how do you inspire the next generation is teaching your cooks is teaching your sous chefs is making your sous chefs
we have doug keenan serious. we have dusky sts from zazu black pig meat company. so a lot of good local guys really kind of showcasing their craft. so if you're watching at home, those are chefs that we people in the food community. no last question is, yes. i really like that. you're helping the agricultural farm families in that neighborhood because people might think of healdsburg as you know, one country and upscale, but there are also families there who might be struggling. absolutely and...
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May 16, 2022
05/22
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su keenan us with the latest. -- joins us with the latest. su: the $30,000 level is key. the ceo of binance tweeted this is newfound resilience after the dizzying collapse that roiled the market. you can see in bitcoins prior precious, -- crashes, it took several months if not years to see a bounceback, yet market observers are seeing we have seen a rapid bounceback in a matter of days for bitcoin, back above 30,000 -- $30,000. the big difference we are seeing is we now have a lot more institutional investors involved then a few years ago and say this is a buying opportunity. bit of red on the screen, but for the most part, the crypto recovery has left the total market value of digital currencies down by $350 billion. bitcoin down 60% from its november highs, but it seems to have digested the worst of the fallout, let's check out one more bloomberg here. it shows the stunning collapse of what was considered a key decentralized project, this collateralized algorithmic stable coin, terra. it had a reserve transferred to multiple accounts that many say is untraceable. a lot
su keenan us with the latest. -- joins us with the latest. su: the $30,000 level is key. the ceo of binance tweeted this is newfound resilience after the dizzying collapse that roiled the market. you can see in bitcoins prior precious, -- crashes, it took several months if not years to see a bounceback, yet market observers are seeing we have seen a rapid bounceback in a matter of days for bitcoin, back above 30,000 -- $30,000. the big difference we are seeing is we now have a lot more...
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May 11, 2022
05/22
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let's discuss this with su keenan. a billionaire is expected to set another record, not in a good way. su: a record loss is what is expected and analysts say it will be a dramatic reversal from a year ago. because they expect the soft bank vision fund unit to lose more money than it ever loss before. $18.5 billion on its public portfolio alone according to an analyst. would mean a loss for the vision fund unit of about $10 billion. softbank has profits and losses from its debt fund startups, so the selloff in the global market was in a rising rate environment and tighter galatians in asia have altered the business model. -- have all hurt the business model. shery: we will be watching the open in japan. we are getting the latest from north korea, they are confirming their first coronavirus case, kim jong-un ordering all cities to lock down. we are getting shanghai numbers as well, 440 nine local covid cases as well. this is bloomberg. ♪ ♪ shery: welcome to daybreak asia. haidi: asian stocks set to fall. chinese prop
let's discuss this with su keenan. a billionaire is expected to set another record, not in a good way. su: a record loss is what is expected and analysts say it will be a dramatic reversal from a year ago. because they expect the soft bank vision fund unit to lose more money than it ever loss before. $18.5 billion on its public portfolio alone according to an analyst. would mean a loss for the vision fund unit of about $10 billion. softbank has profits and losses from its debt fund startups, so...
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May 12, 2022
05/22
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su keenan joins us now. this is about the sharp drop in tech shares. >> it is also a dramatic reversal for softbank, which one jericho set a record for the highest profit in a quarter for any japanese company. let's drop it in the bloomberg and take a look at that loss you can see in that red to the right. this is a company, the vision funds that invest in private companies, startups, but it is the publicly traded company that crushed the value of the portfolio. it has a lot of tech firms that traded at skyhigh valuations during those years of easy money. you are looking at the full-year losses on three of their biggest blockbuster holdings as they were thought to be, coupang, didi, and uber. these are now the biggest tribes. softbank's own stock fell ahead of its earnings, that brings is year-to-date line in the high double digits. a steep price for outsized wagers. this is causing them to dramatically scale back investments. they are doling out $2.5 billion in the january to march quarter, down from more t
su keenan joins us now. this is about the sharp drop in tech shares. >> it is also a dramatic reversal for softbank, which one jericho set a record for the highest profit in a quarter for any japanese company. let's drop it in the bloomberg and take a look at that loss you can see in that red to the right. this is a company, the vision funds that invest in private companies, startups, but it is the publicly traded company that crushed the value of the portfolio. it has a lot of tech firms...
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May 2, 2022
05/22
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let's get more details from su keenan. the markets were rolled over because of this. what happened? >> it roiled the markets in europe. what is important to know is even if they only last a matter of minutes, because of the increasing use of computerized trading, a sharp drop can trigger an automatic cell and billions of losses can occur by such a mistake and it appears that was the case here. people close to the matter told bloomberg they thought mistake had come from the citi desk and the nasdaq in stockholm said it was clear from the beginning it was not a technical error. it appeared a large and significant transaction was mistakenly made and it had set off this course of events. there was a knee-jerk 8% drop in the omx which spread havoc from paris to warsaw and even though the initial 8% decline was paired by the and of trading on the omx, it was only down about 2% which is on par with the losses in europe that day, it caused over 300 billion dollars in losses at the low point. a lot of observers say the error could potentially cause monetary and reputational damage to citiban
let's get more details from su keenan. the markets were rolled over because of this. what happened? >> it roiled the markets in europe. what is important to know is even if they only last a matter of minutes, because of the increasing use of computerized trading, a sharp drop can trigger an automatic cell and billions of losses can occur by such a mistake and it appears that was the case here. people close to the matter told bloomberg they thought mistake had come from the citi desk and...
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May 29, 2022
05/22
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keenan ivory wayans. >> "in living color" was the first show created by, written by, directed by, starring an african american. all of those things in one. >> this is celebration of culture and of change. us opening the doors to allowing america to come inside. >> yo, yo, yo, all you bad bargain hunters out there, welcome to the homeboys shopping network. >> a lot of what they did on "in living color" was trying to take the stereotypes or the misperceptions about what black men are and turn them upside down. >> not only will you get all the cable stations out there, but you'll be able to talk directly to the astronauts. >> it brought this smart, very controversial comedy that black folks had never seen before that centered around their life experiences. >> who are you? >> i am minister louis farrakhan. >> african americans composed 25% of fox's market. >> i always get trapped in the corner with somebody named bob. hey, listen, martin, i just saw "boys in the hood," all right? i didn't know, martin, i didn't know. >> they knew that they needed to capture this audience to grow. >> i guess yo
keenan ivory wayans. >> "in living color" was the first show created by, written by, directed by, starring an african american. all of those things in one. >> this is celebration of culture and of change. us opening the doors to allowing america to come inside. >> yo, yo, yo, all you bad bargain hunters out there, welcome to the homeboys shopping network. >> a lot of what they did on "in living color" was trying to take the stereotypes or the...
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May 4, 2022
05/22
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so i could good and meet him on the island and he had keenan come and meet me on that trip, like in miami, i get off one plane and on to another and go and join him on his private island, and i noticed he was drinking beck's, and tea. like lots of tea. like lots of tea. and didn't foolishly think anything of it, i missed it before but the man really loves tea and we had this beautiful, i don't know, less than a week probably trip in the bahamas, a private island, beautiful sandy beaches, it's a scene you just don't -- i had never experienced anything like that. it was a beautiful place, a beautiful time, and we -- i fell head over heels in love with this man. >> so after the bahamas, i assume you came back and we're talking -- are we talking now early 2012? >> yes, that's correct. >> so, what were you doing work-wise while you were dating him in this early stage? >> when i always do. i would be taking job to job to job, going from one movie to the next. mostly not filming in l.a., so weirdly you live in l.a. to go shoot on location in other places. so when i was in town we would go back t
so i could good and meet him on the island and he had keenan come and meet me on that trip, like in miami, i get off one plane and on to another and go and join him on his private island, and i noticed he was drinking beck's, and tea. like lots of tea. like lots of tea. and didn't foolishly think anything of it, i missed it before but the man really loves tea and we had this beautiful, i don't know, less than a week probably trip in the bahamas, a private island, beautiful sandy beaches, it's a...