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BLOOMBERG Bloomberg Markets Asia July 13, 2024

Lets take a look at what is been helping foment further gains across the asiapacific. That is the futures contract for the s p up to tens, hang seng three tens of 1 . And the nikkei has buoyed a bit. Also the topix doing rather well. We have a cna a tad week. Looking at that as we do. Also the yen, and the boj. 41 day since the boj came in and bought a sizable chunk of stocks in the japanese market. Someat stealth tapering, people are arguing because the yield on the 10 years unchanged. The yield has been lurching lower eight basis points. Weekhas been put less a and see what is going on in regard to the haven stages. The learn not willing to look at and take on risk right now. This is of course after the Election Results or we saw the landslide victory when it comes to democratic camp. She was talking about how she is ready to listen and stands by previous stances on protest demands. People who felt that our government has not ....

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BLOOMBERG Bloomberg Technology July 13, 2024

Chairman and founder after that stubhub cash deal from ebay. Five years ago, alibaba pulled off its biggest ever ipo on wall street today, the biggest share sale in hong kong in years. The listing is being seen as a triumph for a stock exchange. It comes as prodemocracy protest have gripped the city for weeks. Joining us from washington, john freeman, Vice President of Equity Research at cfra. If you look at the company raising an additional 11 dollars, where do you see that use of in terms of that cash . John it will be interesting to see what they do. I think that brings them to about 43 billion in total, 21 in net cash. I would like to see them invest more heavily into the Cloud Business which is a percent of revenue now, it was growing 64 yearoveryear growth in the last quarter. We have seen this movie before, how t ....

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BLOOMBERG Best Of Bloomberg Technology July 13, 2024

Act global push fails. We will hear from her. Strong debut shares of alibaba begin trading in hong kong, ending its first trading day more than six percent above listing price. Our top story this week, you were and its uncertain future in london. The City Transit Authority refused to grant the ridehailing service under license on monday. The top regulators said uber failed to adequately verify drivers identities but uverse as it has taken care of the issue. Swiftly responded tweeting that the decision was wrong. Uber will appeal the ruling. London mayor says much more needs to be done with regards to safety. Be am keen for london to hotbed of innovation for new businesses. You got to abide by the rules and whats clear is ubers policies passenger safety has been compromised. Newcomer. P with eric i asked him if that you were at and or the technology itself allow the drivers not to be verified. The issue here is whether driv ....

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BLOOMBERG Best Of Bloomberg Technology July 13, 2024

Trading day above listing price. Our top story, uber and its uncertain future in london. The citys Transit Authority has refused to grant them a license, saying uber failed to adequately verify driver identities. The ceo swiftly responded, tweeting that the decision was quote wrong. He had said safety is the companys priority and will appeal the ruling. Londons mayor says much more needs to be done with regards to safety. I am keen for london to be a hotbed of innovation but you have got to abide by the rules. What is clear is ubers policy and practices mean passenger safety is being compromised. Emily i caught up with a guest, asking him if uber or the technology itself allowed drivers not to be verified. The issue here is whether drivers in london were able to get on the platform even though they were not the right driver or properly licensed. The city of london says we are talking about some 10,000 rides with a driver who sh ....

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BLOOMBERG Bloomberg Daybreak Asia July 14, 2024

Steve mnuchin says the u. S. And china have made significant progress ahead of new trade talks next month. Iran will also be eight on the agenda. Be on the agenda. And the alibaba cofounder steps down. Kathleen lets take a quick look at how u. S. Stocks ended the session. Lets go write down because the Dow Jones Industrial average up about. 1 . Health care stocks helped boost it. Closed minutely lower. It got within one point 6 of its alltime high. Despite the trade war a lot of people are still buying stocks. Nasdaq down about. 2 . Stock futures pointing higher. Moodys got fords credit rating. We will hear more on that is that progresses. Now i want to get right to sophie to find out how things are shaping up for asian markets. Sophie early in the session and looks like rick sentiment may be stabilizing. Stocks could be heading for a mixed start. Bonds under pressure tracking the overnight moves we saw in treasury. Kiwi 10 ....

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