let take didi kind of poster child of the chinese issues as well as the opportunity. it feels like the regulatory cloud are being lifted shares are just surging today. part of that news, and this is the part i'm really focused on, will have to transfer 1% of their shares to the state giving officials greater say in running the business this is according to a report by the wall street. yes, there's self-inflicted problems that beijing has put in place but could also be self-inflicted fundamental issues put in place going forward for a lot of these companies as well that investors would have no control over >> you're absolutely right that's why for me if you're going to be a retail investors but first thing i'm looking at is buying a diversified index that has a lot of news in it i 100% guarantee there's going to be snap chat in there in the sense that something that's already down 60, 70% goes down another 40% before this year is through. i wouldn't by didi you can try to trade it for day or two but to your point, names that are in cross hairs of the chinese government

we saw the likes of didi global up by about 24%. we saw even bigger gains when it comes to the likes of alibaba and jd.com. some of the top gainers in the session. all of this of course on the back of the wall street journal report suggesting chinese regulators are close to wrapping up regulatory investigations. again, we are asking, is this really the bottom? shery: especially given investors seem more optimistic this time around because this could be the first tangible evidence the regulatory backdrop may be improving. still not surprising we heard from j.p. morgan saying seeing buying opportunities and chinese stocks and he is not the only one. global funds becoming net buyers of chinese stocks. alana venture saying lockdowns are easing, there are growth support measures, not to mention regulatory risks are easing, sort of echoing the bullish sentiment last week when he downplayed fears of a looming recession. haidi: very interesting given a lot of analysts have been talking about the risk of china being binary but it seems to be

i'm looking at uber which has a stake in didi. i'm surprised given just how much didi has risen. maybe that makes sense in terms of how people are thinking given where the market is more broadly you would have thought it would have taken -- would have have moved a little bit more. >> uber also has had a nice run over the course of the last week in a time when the markets were facing a little bit of weakness over the tech trade overall, uber shares came off on the better side of things the last week or so in general, tech stocks in china have been beaten seo badly maybe the massive moves higher are not that unforeseen, the notion of the interchangeability between uber and didi global, ultimately it will be a huge thing as well. there is still that cloud of uncertainty with the business and what it will look like going forward. all of that stuff comes into play still generally speaking that tech trade is off to a big start. look at the solar trade. look at some of the mega cap stocks and, of course, apple ahead of that developers conference you mentioned a big move there for sure.

didi and other tech firms are expected to take financial penalties. shery: coming up next, we talked to a former u.s. energy secretary from the energy futures initiative live from singapore at the sustainability events. that's happening right now. take a look at the commodity space. we're talking about gains a natural gas, we have more optimism the men may be recovering and asia with china easing the virus restrictions and reopening shanghai as well. plenty more to come. this is bloomberg. ♪ shery: we have breaking news out of japan, take a look at household spending numbers falling 1.7%, a much bigger fall than what was anticipated for the month of april year on year. the fall has eased slightly from the previous months, but we know that higher prices are weighing on household spending at the moment. we are talking food, energy prices all rebounding in japan as well. we have labor cash earnings you're on your a growth of 1.7% for the month of april, which is a slightly larger number than what was anticipated. just for inflation, given we have infla

one example that people would think of is the didi sample. we had didi heed the advice of its regulator and held up its ipo in july. it would not have resulted in such negative consequences afterwards. shery: so all of these regulatory challenges we have seen, what has been the fundamental change we have seen from the crackdown in the past few years in beijing? angela: this crackdown held in very significant institutional changes that are going to be long lasting. first is the laws promulgated, new laws like personal information protection laws, the data security laws. real teeth. second, there are a few very chilly precedents that were set by regulators. the findings that were imposed on alibaba and meet one as well as the cybersecurity check into didi. they will make tech firms take legal compliance very seriously so that will definitely change their business practices. although to what extent that will affect their business fundamentals remains to be seen. lastly, regulators' capacity has been elevated. the chinese antitrust authority has

shares of chinese ride-hailing giant didi are soaring. the report also says didi will face a relatively large fine. india is looking to double down on its russian imports. international players have been turning down dealings with moscow over its dealings with ukraine. guy: european markets are about to wrap up for the day. let me show you some numbers and some of the main markets then we will talk about some of the other things happening. the ftse, the dax, and the cac 40 all in positive territory. slight variation in terms of composition. some of the u.k. airlines are under pressure. the health care sector is the only sector in negative territory. we are seeing mining stocks doing well. some of the delivery companies are having a solid session. we are seeing yields picking up quite sharply. bond prices are being pushed lower. we are seeing that in europe and the united states. keep an eye on what is happening with the pound. the future of boris johnson certainly having an effect. the pound higher today. we are going to get the results a

officials are preparing to lift a ban on didi adding new users as early as this week as well as allow the app back on app stores the app was removed last july. the move comes as worries mount on the chinese economy. >>> abbott labs has resumed production of the baby formula after the shortage the fda has given the company the okay for the facility after it was closed in february. abbott is releasing new batches later this month. >>> and elon musk now saying the ev maker will hire after the super bad outlook on the economy. musk wrote the total number of tesla employee was increase, but salaried staff would stay flat musk did not say if salaried employees would become hourly or new employees hired at tesla >> we will wait for that and if a new tweet will come out. thank you, silvana henao. >>> turning it to apple as it prepares to kickoff the developer conference today that is expected to unveil updates to the core operating system for apple products and those tracking the tech giant will look for clues of the augmented reality head set all of this over concerns of slowing device sales

would you by something like didi here? i think chinese government is pretty much donham -- donhamering the group. for the sake of economy and chinese investors who own a lot of companies they're done beating them up. this is opportunity getting them here. charles: hard to dominate the world with the stock market in tatters. gary, you looking at any of these names? >> yes. if there is anything that has made its bear market bottom it's china. that's because i think a couple of etfs are down over 70%. symbol kweb, internet china, i'm looking at. i have not bought yet. again trust is very low still. and you never know if you will wake up and china will announce another whipping of their own businesses and companies. but leave no doubt the action over the last few weeks in my world indicates a good chance that a good low has been put in. maybe retest as couple of times but definitely on my radar screen right now. charles: definitely on everyone's radar. gary, shah, great stuff. thanks for helping us kick off the week. coming up

so how didis he get his hands oa semi automatic weapon that he used to take 26 innocent lives? because of a broken system. he was able to purchase for firearms because the information about his critical history had never been uploaded into the national instant criminal background system. in that case it was clear the answer was how do we stop this again it was obvious, get the background check system improved tod record existing disqualifications to purchase or possessna firearms. senator murphy and i introduced the first act to ensure all federal departments and agencies accurately and correctly upload these on a timely basis. that bill at the time it became law had more than a 70 bipartisan cosponsors. and it was signed into law march, 2018. and here's what happened next. in the first three years since that bill became law, ec11.5 million additional recors have been uploaded to three national databases. 11.5 million additional records. the number of records in one of the databases increased by more than 30%. i believe the reason we were able to succeed with the fixed legislat

you don't know the reasoning when didi was up 40%, it's down another 5% because the regulators could change their mind on it as well, jon. that is the risk you take. i don't know if you want to bet onnant financial going public. may be interesting but there are regulatory force, beijing at work here. >> yeah, i mean, you said it, carl >> guy, meantime, there's going to be more to process later on tonight. we'll get docusign had an interesting week as they expand the partnership with microsoft. on an index level we have been pulled toward 4,100 like a magnet three points below, dow down 121, with all the activity vix continues to hover near 24 it's time for "the half". >> welcome to "the halftime report." i'm scott wapner resilient or ready to break is the question as stocks remain fragile ahead of the big read on inflation. we are debating the road ahead for your money with the investment committee joining me josh brown, steve weiss, and with me on set once again is jenny harrington. the wall and check the markets red across the board as carl was telling you, not much conviction eith

happens all the comfort assist my home illusions, i'm sure if it does play station id that have how didi among us, except that sophie cost a lot of them cleared fishes. but she had singular v sheets alice on that some lucian, mr. then it seems such lots mission tough. last martin post was hostile gemacht tangled out of school tomorrow. but he has next issue it on zillow by tom. so far it no longer mine kinda down them both busy on the men's on are them there was often bush found segment bus come fresh and the destination app . yeah. it but signing smith and it's about awful humid hello bowen. i don't mind you of it. yeah. oh cool. the storm loudon? super done a read cannot studio lou bohaman. unfortunately, ambition, the london bosom duncanville must be a good mums of icons. for the war. with sushi pool. my daughter. ah, ah, ah, ah ah. ah. just like a dozen money, there's no cynical ones and the bar copies escalation, nibbler, english. i think it management notion that's middle of either especially my log in storage. that's going to say no farther than no, no, we can get it done. i spoke

ah ah ah ah, this is didi of you news live from berlin. the european union puts ukraine on the path to membership. european leaders approve both ukraine and moldova as official candidates to join the e. u in the future. also coming up. the u. s. senate pass is a gun safety bill to bipartisan action is the most significant measure of its kind in 3 decades bought. the boat came at hours after the supreme court ruled that americans have the right to carry guns and public and response teams are struggling to reap survivors of afghanistan's deadliest earthquake in decades. people in the remote regions say more health is urgently need. ah, i'm nick spicer. welcome to the program. and we begin with an historic shift in europe. e. u. leaders have approved ukraine and moldova bid for candidate status, the 1st official step towards joining the european union. it's a big political boast for ukraine as it faces big challenges on the battlefield. leaders from germany, france and italy had all backed ukraine's application, but all 27 member states neede

session, chinese listed chinese stocks that hit her highest level since april after reports that the didi investigation was starting to wrap up. it is all about this yield story for this equity market. s&p -- euro stoxx futures moving lower .8% -- down half a percent. we changed yesterday. verily up as you'll start to creep up about 3% for much across the curve of the u.s. bond market. let's show you what apple -- limit show you what apple did. we have the world developers conference for apple unveiling its biggest changes to the laptop, also having other software services like the buy now pay later service. not exciting the market up .2%. these announcements do not move apple shares much but they will move me to buy you a new macbook manus. manus: well, i will be happy with just the old ipad. jp morgan singh a recession in the -- is unlikely -- sing a recession is unlikely. they're calling the bear market rally, it is not a bear market rally for them. let's look at those rates, three your paper, spikes up 19 basis points at one juncture. australia joins the fed and the bank of canada in

[000:00:00;00] ah ah, this is didi of you. news live from berlin. disaster in afghanistan, a powerful earthquake leaves a 1000 people dead and many more injured now it's a race to age. survivors also coming up. ukrainian president vladimir zalinski urges allies to send more powerful weapons faster. the warrant that moscow is trying to destroy the don bass, as russian troops close in on key cities in the region. ah, i'm next, spicer. welcome to the program. a massive earthquake and afghanistan has left at least 1000 people dead in many more injured. heavy rain is harboring rescue efforts . the taliban lead government is appealing for international aid, but delivering it won't be easy since the taliban took control last year, many agencies have left and the country is already struggling with drought and food shortages. ah, they survived the deadly earthquake and were taken to safety. hospitals and practica province near the pakistani border are filling up with the injured many of them, recount stories of horror and terrible loss. mad mobile the press. when the roof came down on me, i th

in november, 27 people drowned when a didi deflated and had to be rescued from shipping lanes. some of those who risked their lives would leave on the first flight on tuesday, but, there may not have been many on it. a series of individual legal challenges mean only a few will leave. the government continues to face pressure from activist, rights groups and unions who insist the move is unlawful. anchor: let's bring our guests. an executive secretary of a social justice organization in rwanda. the secretary general of the european council on refugees, warm welcome to you all. first, we're going to talk to a spokesperson who joins us from geneva. i want to ask you about the remarks by the u.n. high commissioner for refugees. he said the president this creates is catastrophic. what kind of precedent does this plan set? >> this sets a worrying precedent. we are living in a world where it's some of the most under resourced. they are the ones taking on a disproportionate load of responsibility. countries are protecting refugees and have capacities to process asylum claims, they are

it will allow didi back on app stores >>> we have been talking about it elon musk said the head count will wise over the next 12 months and salaried staff will remain flat. marking a u-turn from the earlier comments musk said the firm needed to slash jobs by 10% because he had a quote super bad feeling about the u.s. economy that news actually sent tesla shares down 9% in extended trading. arjun kapul has joined us now. interesting to see the u-turn from musk. >> rosanna, we saw the price reaction on friday was because the market was surprised this is a company that managed to weather the supply chain disruption and continue to boost deliveries and fare resilient to the peers. it is a surprise if musk said we need to cut the work force why is that? is there something that musk knows that we don't? is it softer demand for the cars over the years that is the question that investors are asking the clarification is head count will increase. salaried employees will stay flat perhaps increasing the number of staff in factories and production and battery production as well which is critical

ant-alibaba, and didi global. if these two crackdowns are coming to an end, that would be a positive sign, the most tangible sign that the text crackdown is coming to an end. shery: stephen engle, when chief north asia correspondent. coming up, of the u.s. ambassador to china says tides are in their worst state since official relations were established in 1972. we will discuss with him ahead of a key meeting with officials in washington and beijing. but first, our guest says the decline in u.s. markets is not over yet, and she remains heavily cautious about equities. haidi: w will be speaking to the u.s. finance minister, grant roberson. prime minister jacinda ardern is visiting austria with him and meeting the new government. this is bloomberg. ♪ (elevator ding) ♪ (energetic music) ♪ ♪ ♪ (camera shutters) be ready for any arena in the all-new lx 600. ♪ ♪ >> what worries me, and you are not going to like this because it is looking forward, the june month-on-month print will be worse than you may's. t

now you've got china reportedly ending year long probe into ride a hill giant didi globally, lifting plan allowing users you a allow egg didi back, chinas authorities announced probably into company disafter lifting on new york stock exchange over concerns documents required by u.s. regulators might contain incentive administration this brings me to allowing chinese companies controlled by ccp into federal thrift fund 401(k) for government employees window mutual funds mutual funds can take on ccp controlled companies. why are we allowing u.s. government officials to put chinese companies in their 401(k) plan, dan? >> maria, you know i fought begins this 12 years documentary goes into great deal knowing xhooengsed hundreds billions changed all times not illegal in china for chinese citizen to steal from american citizen not legal so we have china based ceos come here, set up companies, fraudulent when caught not process cuteble can't get money back with didi that was state-sponsored fraud as far as i am concerned they knew they had problems with didi let them become public in new yor

jumped as beijing eased covid lock down restrictions and chinese regulators are ending their probe of didi, closing more than 24% higher so it ko this be an inflection point for china tech basically, their unlocking the handcuffs on didi. >> but the problem is they've been on a long time and they could go back on whenever. and we used to spend a lot of time talking about this group and i think the pandemic threw it in a whole other kind of range. and then we had the bit of time with tiktok and what we might do for something like that. so to me, i think it is uninvestable, for every great story. and know tim followed that space closely for a long time. for every great story over there, now they're trading at discounts to our names here because of that uncertainty as it related to regulatory so i don't find any of them particularly interesting and the idea of servicing that emerging middle class in clooip is amazing but at the same time if we're going to have a bipolar world, i'm not sure it makes sense from the u.s. standpoint to invest in those names here. >> i'm kind of intrigued by baba.

we have not gotten confirmation from didi. the nuts and bolts is this company where regulators have gotten shareholder approval to do list from the united states, it's been bad news after bad news. the wall street journal saying this company along with two other chinese companies under regulatory probes, they have been -- online recruitment company. an online aggregator of trucking services. anyway, less high profile. they have been told the app could be back on mobile platforms, it's convenient timing just one -- you are absolutely right. there is a little bit of caution going on in the markets. we have been down this road before. when are we going to get concrete proof that the crackdowns are done but the companies are confident to start spending? they are feeling directly tory pressures -- regulatory pressures. yvonne: licensing issues, anti-monopoly probes. stephen: according to the story they will be faced with fines for whatever thing they did wrong, including handing over 1% of the company. yvonne: we are not clear abou

this is didi of the news live from berlin. french voters delivered a stinging blow to president emanuel mack hold just weeks after he was re elected as president loses his majority and the national assembly as leftist and far right . parties surge. placing his reform agenda in doubt, we'll get the latest from parents, ukraine's pres.

ah ah, ah, this is didi of you. news live from berlin. disaster in afghanistan, a powerful earthquake leaves a 1000 people dead and many more injured now it's a race to age. survivors also coming up ukrainian president vladimir zalinski urges allies to send more.

didi, they really are the twin trials of this beijing crackdown that has really struggled with investment sentiment with one of the world's biggest startup scenes. >> we have had talks about opening this up and getting ready this -- getting ready with this but they have all been words up until now. >> what people are really checking right now for video games is when their new games could be approved. the trickling of new gaming licenses are good. the giants are not out of the woods yet. when they actually get that approval, there will be another sign that there is actual concrete action taking place. >> having a look at alibaba and the tech space at large. we will have a look at politics in the u.s. and more as we get the first word news in new york with vonnie quinn. >> u.s. lawmakers investigating last year's january 6 right at the capital. the panel opens public hearings. trump's daughter, ivanka -- if the election was stolen and he was the rival president, president trump summoned a mob, assembled a mob and held the chains of this attack. >> inflation motivated in may as commodity pri

this is didi of do use live from berlin? an earthquake in afghanistan leaves more than 300 people dead. hundreds more are injured and rescuers are heading to the remote mountain region where the quake struck close to the border with pakistan also coming up more russian attacks and eastern ukraine. keith says lou has.

are you please go didi of a i see. so when you choose to, when you go, when you know, if anybody with in samson, your flow to this idea narvie, yes or blue. does that answer for you? then i will worship is i missed you rally holy is. so if i leave it on, it's on my list, you shall on of all in you by. yeah, keep grazing. amc g here out of me and you could, i am with the guy neatly packed valia. you got your formula, some of our senior you put us, goes on, but ideally, look, i'm over. do you mean you could keep conflict of yours? the beats minutes on my list, amiable nibble of like a conflict of couple emotional bla, because if it's 0, it's gotten up. so now you do, if i do a google vanishes your conference. i will show up at hundreds of places in modern western ukraine. shanda. com and, and bloody history story. kissy leon and lip. nikki: for example. where on march the 26th 1943. well, 179 polls were murdered, repeated mainly women was an elderly people. more than 50 children under 14 at school. every year. the polish

are you please go didi of a lot. i think when you choose to, when you go, when you know anybody over here for us union newton's in 1000, your florida was like a madman, madame. yes or blue. does that answer for that other? were she act is a misty rally. holly, i was, so have you thrown up on my list usual on of all in you by? yeah, i keep grades in yet, so lucy. g, here are me and you could, i am with the guy neatly packed value. he got your formula. what some of that are sneaky pasco, somewhere ideally, look, i'm over the mean, you could keep conflict of yours, the bt minutes on my list. amenable on nibble. becky conflict of copper emotional bla, because if you fluids gotten up, so i will village is your conference. i will show up at hundreds of places in modern western ukraine, shanda common and bloody history story, kitty leon and lip nicki, for example. where on march the 26th 1943 by 179 poles were murdered. mainly women was made elderly people more than 50 children under 14 great every year the polish and ukrai

this is the news and why didi is up 58%. chinese regulators are backing off and they see their economy is suffering so they had a year- long war essentially on their tech giants and they have stopped it. so it's didi but i can show you two other companies if you can bring up full truck alliance and also the online online recruiter they're all up in a huge way. their apps could be back on the app store in china this week , and they can finally start to add new users which they haven't been able to do for over a year. what does beijing get out of this? they are expected to be offered 1% equity stakes in the company and then they get a direct role in corporate decisions so it's not completely hands off but it's aishah hasnie lessening of the regulation if you will. stuart: huge rally for didi. lauren: yeah. stuart: now i don't know what the latest is on this , but i believe jetblue has sweetened its bit for spirit airlines. lauren: yes because there's a vote on wednesday, ahead of that jetblue raised their cash offer to 3,150 u

didi shares will start trading in the u.s. on monday. two weeks ago, shareholders voted to list the company after it raised about $4 billion last year. a study revealed that a spinoff of hsbc's asian business could unlock $26.5 billion, 1/5 of its current market value. the study was commissioned by ping an insurance, hsbc's shareholder. retinal's south korea unit will introduce -- renault's south korea unit will release its first electric vehicle in 2023. yvonne:. yvonne: it is risk-off across the board. we continue watching bond markets. the 5's and 30's were inverted on treasuries and the fives and tens have just inverted. certainly, the fed replacing is very much in focus. traders are pricing in a 25 basis point hike as far as july. barclays saying it may happen this week as well. markets across asia continuing this pickup yields. rishaad: analysts saying they may want to show some commitment and shock the market. let's have a look at bitcoin. we have a 6% loss, matter of fact, 7.3% loss now after extending its losses over the weekend

after serving only three years, in prison, many believe bill cosby didi not receive many believe bill cosby did not receive justice. the jury also ruled that bill cosby must payjudy huth $500,000 in damages but cosby�*s team will appeal. we will appeal, we will appeal. you heard from bill cosby in video disposition that he did not know her and never brought a minor but what happened today was not a victory. they did not get the punitive damages. the victory was ours because we got to disclose and show what this woman was all about. campaigners praised judy huth for her courageous testimony in a verdict, they said, shows survivors that perpetrators, even powerful ones, can be held accountable. mark lobel, bbc news. now on bbc news, it's time to take a look at some of the stories making headlines this lunchtime from our news teams across the uk. investigators are trying to find out why a 13 year old boy died in an incident in the river taff in cardiff. our correspondent david grundy is in cardiff. explain what happened, david. it was around quarter to five yesterday afternoon when a g

are reports that authorities are also close to ending the investigation into the right hailing giant didi which is another company non—writer at the moment and that will really offer hope to investors about that company's future, at least. —— company non grata. finally to japan, where from today, foreign visitors will be allowed in for the first time since the start of the pandemic. the government has adopted a phased approach, only allowing in 20,000 tourists per day, and only as part of organised package tours. strict mask wearing will be enforced by tour guides. tourism has traditionally been a big earnerforjapan, in 2019 before the pandemic it hosted some 32 million foreign visitors, who spent almost $36 billion. but not everyone is happy with the plan to reopen. wendy wu is founder of wendy wu tours, which is one of the first tour companies to be allowed back into japan. and one of those who are imagine is delighted by this, but how much of a hit to your business has it been, the fact that japan has been closed business has it been, the fact thatjapan has been closed now for pr

big week it has been where we have seen these reports that china could be wrapping up its probe into didi and of course more gaming licenses as well. we have seen alibaba shares -- the sense was underperforming what you have seen in the tech hang seng index. quite a ruckus on wall street where we saw the golden dragon index snap a three-day rally and alibaba shares started reverse trade on that bloomberg news report -- after the denial of that bloomberg news report that ant is considering reviving its ipo. sentiment very much turning to the fact the worst could be over. we have the hang seng tech index actually on track for its best week since april. we are seeing upside in alibaba shares slightly in the afternoon session. billy billy is a different story. when you have a look at the overall bullish momentum for the hangtag -- the hang seng tech index, more bullish. we are looking at two, divergence, we are seeing momentum, the highest since 2021. hsbc the latest to tell us they are getting more into growth stocks, looking at being more overweight in china tech. there is still the contrar

how is it possible this can happen again and again who are these money managers that thinks didi is now in the clear and you can go back to your favorite chinese names? their government has proven it at the drop of a hat i was okay with it last week, but if you come in now, it's an investment and a dangerous one bottom line, i want to be kind to this market and tell you it's the same old buy the dips game plan, but in reality, the only dip that can be bought right now, at least, is the dip in oil. everything else is, as they all say, a transaction and nothing more let's take some calls. let's go to jeff in colorado jeff >> hey, jim, boo-yah, happy monday >> same. >> i'm calling about shopify you know you've had great things to say about them. you even had their president on the show a few times heck, you even mentioned your wife use theirs platform i know you like them but we're down, what, 80% from pandemic-level highs we're trading back essentially to late 2019 levels, and with the current forward ratio of close to 300, i'm thinking it's really expensive do you see some up side to thi

we have seen what happened with didi, it jumped instantly, just as we have seen reports they are going to ease the probe into the company. investors are waiting for the signs to go back into china. the more we see that willingness, or that openness to tech companies again, the more we will see investors come back in. tom: marcus, do you agree and that? marcus: there is upside for those who do want to. the challenge is yes, china provides demand, but equally a resurgence in spending from china may increase inflation that the world is seeing at the moment. so it is very much a delicate balancing act in terms of how you view those contradictory factors. tom: contradictory impacts on inflation from supply chain easing out of china, but increasing demand as well affecting oil and energy in particular. our mliv team breaking down some key themes. more with marcus after the break. let's check in with corporate stories of the day. another profit warning from the swiss lender in terms of the second quarter, warning that they are going to be challenging market conditions, largely as a result of

didi global down around 62% so far this year. next up, tesla, stock up nearly 4% in premarket trading after ceo elon musk backtracks on job cuts. musk now saying that the electric vehicle maker's total head count will increase over the next 12 months but the number of salaried staff could be little changed, this goes against an e-mail musk reportedly sent a few days ago, saying that job cuts of 10 10% e needed. futures are up this morning after the tech led selloff. you can take a look at the markets so far. opening bell, 9:30 a.m. eastern, as always. joining me now, managing partner ted oakley and joining the conversation all morning long, fox news contributor liz peek and michael lee strategy founder, mike lee. ted, your thoughts on what you saw in the markets and what you see in the weeks and months ahead for stocks. >> well, you know, dagen, i think you get these balances in here. we've gotten a 7% bounce off of lows here a few weeks ago. we think that's probably over because if you look at this sort of tsunami coming togethe

tom: you have investments over in china in didi, the ride-hailing app. what our valuations looking like and how much opportunity does it open up for you? do founders have fewer opportunities in terms of funding, you can invest at a lower valuation? >> there is a difference between private stock and the public stock. and we see a big correction in the public stock. but to be honest, we don't see a big correction in private market yet. we will have that in the coming quarters, but still we have just a few signs of that. francine: but there is inflation and supply-chain concerns from tech. are you finding investment opportunities right now, and for what companies? >> there are so many good companies now with very good balance sheet and grades liquidity, with great growth. francine: what space? >> in many space. i believe in market heroes, and you can find those company in almost every stock market. tom: talk about the need for these companies to show that they are profitable because they are under scrutiny. we are seeing the selloff. >> not. i don't think s

one is the ridesharing app didi that was taken down a year ago. if the app is back up, that would be a major improvement. the ant group -- it may supplement its application for a key financial license for its reorganization as soon this month. if the central bank accepts its application, that would be a big positive for the whole think tank industry. and the last one, down the road, is about the bidens ipo and it is the most valuable startup. if it could go to the private market -- tom: fantastic reporting as ever. thank you for breaking down and giving a look ahead as to what to watch. the owner of tiktok, the most valuable tech company in the world right now not listed. slightly more positive and slightly more convinced across european markets. stateside, s&p, a gain of 7%. this is bloomberg. vo: when times get dark, we can't see the help that's all around us. let 2-1-1 be your guiding light. for help with food, health care, and other resources. operator: 2-1-1, how can i help you? vo: call 211 or visit 211.org 2-1-1 get connected. get help. >>

this is didi used live from berlin. the european union promised his progress on ukraine's bid to join the e. u. commission chief ursula founded line makes a surprise trip to keith president vladimir lensky borns. he also needs progress on getting more.

didi is another big company that has suffered from the crackdown and softbank's portfolio. softbank has said that it's going to be more cautious and put less money to work in china because of that risk, that additional risk that you now see in the market. they are paring back on the investments but that's a challenge. there's a lot of opportunity in china. rishaad: he's our asia tech executive editor. you can follow the latest on your terminal. go to tliv . yvonne: coming up, a sale surprise for china developers. it might be a transparency red flag. that's the case. a report from bloomberg intelligence. we have more on that, coming next. this is bloomberg. ♪ yvonne: a bad week for chinese junk bonds. conceit owes -- casinos are getting hit. there is good news when it comes to concessions extensions in macau. certainly, there's a lot of lingering questions about whether casino operators have the liquidity to continue to survive in this environment, when you continue to have covid zero policies. they are keeping the casinos open but who is going to them? rishaad: it's n

. >> let's talk about so you would pray as i understand after the game at the 50 yard b line, you didy it by yourself.a right.t and thenen at times people saw what you were doingnd they decided to join you. you didn't force them to join you. you weren't forcing players to join you. you are forcing the crowd to join you.lu they would doo it voluntarily on their own. correct? that is correct. all right. so that's a free exercise tot be a faith.i you know, one of the things that i love about the nfl is i think it's spontaneous. bei believe it is at the end ofu a lot of nfl games. you see players from both teams. they get together sometimes the refs evennps e join in and they get in a circle.le they've been to need, they say a prayer together and they walk off the field and you know, you don't want to watch it. you don't have to watchip that part but you don't have to participate if you don't want to participate in it. ii think it's a little differet than the kaepernick scandal. what do you think, joe ?ou i think every american should have the same freedoms everybody else. the first amendm

on march 16th the former issue looks like we are very confident the worst is over you saw news with didi and ant ipo and that further signals that the one issue we are much less concerned today >> brendan, they are green lighting video games again as you look at that, we are familiar with the handful of names in the u.s. because they are part of the nasdaq 100 and within that trading range that people see as being in the lexicon when it comes to u.s. listed chinese stocks. jd and baidu and others. do they have buying opportunities in your mind or do you have to be cautious with the down side over the last year >> certainly from the valuation perspective, alibaba and baidu and others like tencent and meituan are one or two standard deviations below the five-year valuation level. there is still good opportunity and i think something you pointed out, dom, we had significant out performance. it has been a terrible week for u.s. equities and europe equities and asian you have kweb looking to end the week up 10% this week. you are talking about a 15% performance this week alone versus the s&p

according to wall street journal, chinese regulators are preparing to wrap up their investigation of didi and restore its main apps to global stores are the report saying the ride-hailing giant will face relatively large fines. coming up, we will have much more from apple park and wwdc. i will be joined by a developer herself, next. this is bloomberg. ♪ emily: welcome back to "bloomberg technology." i'm emily chang in cupertino, california live from apple's worldwide developers conference. the key word being oliver -- developer. hundreds of developers here this week to learn more about apple's key updates and of course millions taking part in this event around the world. we saw a redesigned macbook air, macbook pro, with the m2 chip, along with upgrades to the ipad and apple watch as well as safari, and a shift away from passwords. i am joined now by jes wolfe, ceo and chairwoman of rebel girls, a brand with a mission of inspiring the next generation of girls. and you guys are finalists for the apple design award. what exactly does that mean? jes: we are and we are thrilled. emily: cong

oh peak worlds this week on d w ah ah, this is didi of you news alive from berlin. ukraine says his forces are still holding on in the eastern city a severe tho nest. there is intense street fighting there and the region is under heavy rushing. shelling also coming up.

morning, i think off the highs and tech in particular has been pretty strong, growth tech, we mentioned didi. a alibaba up too. >> i'm scott wapner. why some say it's poised to tinge. we'll debate and discuss that the road ahead with the investment committee joining me joe terranova, jon najarian, shannon saccocia and sarat sethi. we cut gains in half and somebody may be due to the ten i have year working its way to 3%. cri jim cramer tweets about it. still negative how much room do you think it has? we've come a long, long way, more than 9% on the nasdaq, more than 8% on the s&p and so forth. >> well, i think that it's going to be continued to be challenging. the catalysts, we're relying on economic data and the evaluation of that data and how the fed will react over the next few weeks and each of these data points is going to have two sides so we'll be oscillating between optimism and pessimism on a day-to-day basis. still concerns about margins and significant concerns about earnings estimates coming down in the back half of the year while all of us who are longer term investors are looki

check out some of the most actively traded names right here right now at the new york stock exchange didi well, you have been seeing strength in the chinese internet names. mostly stronger. nio is the most actively traded. the energy names are up there as well the energy trade is strong, up 2.9% bringing year-to-date gains to almost 65%. >>> coming up today, the ceo of ihg group here at the exchange to ring the closing bell he'll join us first on cnbc to talk about his outlook for summer travel. they own everything from holiday inn to intercontinental. >>> plus we'll ask tony dwyer what is behind his continued summer rally. >>> inventory troubles are hitting target earlier the company told investors it's slashing its profit margins due to deeply discounted goods to get rid of that extra inventory target plunged on the back of the news but shares have recovered. joining us now, stephanie and melissa. ladies, it's good to have both of you here. melissa, you spoke to brian cornell, the ceo, about thoeis morning about this profit margin cut. what did he tell you >> he said by taking markdowns

charles: chinese tech stocks, china tech stocks, apparently the news on didi more than anything else, china reopening, kweb index, talk about an amazing looking chart. it is smashing through all the key moving averages. looks like it broke through the downtrend line. how much further could this take off? >> yes. so, full disclosure we are long kweb. we got in last thursday the 2nd and you know as we, as we begin to nibble back into this reversal to see if you know stocks will turn around here chinese stocks were something that pulled up. they held up very well the last month. so you know as of right now the charts say that is opportunity there. charles: yeah. they act fantastic. what stock, what stock do you find, i like when you post individual names, is the most compelling right now? >> so right now, you know, lots of individual stocks are looking okay. but what i'm focused on iyt transports. i want to see relstocks that mean something to the markets get back above important levels. iyc above 245. things like ark being up four or 5% then fading, those aren't stocks that move the mar

didi global and some of the internet names in china have been flying on the opening of the chinese economy and the stimulus flowing there alibaba up 14% credit suisse is a loser off earnings, and that was a big source of weakness overnight in europe nio continues to be among the most actively traded every day the past few weeks coming up on the show today we will talk to the ceo of campbell soup, which is in the green for the year, higher on the back of strong earnings and strong sales guidance how inflation is factoring into those results. earlier today i had the chance to ask some questions of ukrainian president volodymyr zelenskyy at the yale ceo summit we'll bring you parts of that conversation including his message for corporate leaders. >>> first up, today's market action and the return of mike santoli. mike, what are you focused on today? >>> sara, this week, the last two weeks, the market has been kind of ping-ponging on a very short table in kind of a trading range but interestingly as we all wait for the cpi number, the market doesn't just sit still and wait it kind of tests the

doordash off around 6% didi is starting its plans to delist it has been a very rough ride for the chinese ride hailing company. for years, gig names could focus on growing revenue while burning through billions and billions of dollars. now that has put them in a very tough spot investors, they want real profit, not adjusted ebitda. they're looking for free cash flow some are getting there quicker than others. airbnb had about a billion dollars. dash has been positive for the last two years uber just had its first free cash flow positive quarter but there is a lot of grounding to make up. lyft hit a new 52-week low and uber is just a few cents off, i believe. both those names are also well below their ipo prices from just a few years ago. lyft went public at $72 a share. it's now around $14. uber went public at $45. it's now around $21 and change back to you. >> deirdre bosa. >>> we're going straight into the "closing bell" market zone mike santoli is here to break down these crucial moments of the trading day. plus kate rooney steve kovack we are in sell-off mode all day long there's the

ah some didi. some pd di da da da da da da da da m e r my vin delrays name on the be now live under many the late fee. it is alameda cagle. he now my i lied april. they some pedi listen pedi their dad. okay. dad, i am, i been jim j 70 e, who, who did the key data? my van dome raised some dvd dead men in dallas song above the mountain. there are much to put to there see much booster too high dollar medicine who know hi, i'm high. don't i get that to song golden matter blue turban name or they'd like ah cool, my 3rd food, terrible name, a fatal laggy, a go my lay, my yarn largo t brought a guy, uncle, re some p d sunday dead. i don't give you to her mother dumb this sunday. ah. a b sized activity i come from a hiking background with no money. we love to hike in my family and i do. marcia were not mountaineers, but we fight since i was small to picture petite too much got on it. don't phone avail. when we were children, we had an apartment in argentina near chamonix. i was on now. my brother and i wer

and we got the news this week that perhaps the probe on didi global was about to and. . these are the two high-profile targets on xi jinping's campaign to rein excessive expansion of these companies. so csrc has established a team to rest the share sale plans, and authorities are nearing the final stages of issuing ant a license and that would make it more regulated like a bank. i think that is the next date in this story. essentially, what restructuring has ant done to appease the regulators, and what size ipo down the road would be? those banking services that made ant a 35 billion dollar juggernaut before it was scrapped, what with the company look like after this? shery: stephen engle joining us from hong kong. here in the u.s., the house committee investigating the attack on the capitol on january 6 last year begins its hearings in a couple of hours. it has promised to review new evidence about the assault, and our guest joins us from washington. jack, what will you be watching during these proceedings? how can we expect it to unfold? jack: keep in mind this is a pr

koopang in south korea was a big investment, didi in china has had a rough year, and many more that have been difficult. he reported losses for the fiscal year that just ended that of the largest ever in his history. now come investors have tough questions. paul: is this it for write-downs? could we see more down the track? peter: certainly. there is going to be a lot more write-offs if the market continues in the direction it has been handing. his publicly-held portfolio is transparent. we know what they have been doing at softbank at they have been marking those down systematically. many private companies in the portfolio are more opaque, we haven't gotten visibility into how they are marking those valuations and how that flows through to the financial statements brits rvs going to get questions about the portfolio and the market and at the shareholders meeting today, probably questions about succession. he is 64 years old, succession has been a big issue. he founded the company and has led at the entire time and at sometime, he is going to have to have somebody take over the ceo job f