彭博商业周刊每日直播：芯片股暴跌，资金撤离美股

This is Bloomberg Businessweek daily reporting from the magazine that helps global leaders stay ahead with insight on the people, companies, and trends shaping today's complex economy, plus global business, finance and tech news as it happens. Bloomberg Businessweek daily with Carol Massar and Tim Stent event live on Bloomberg Radio, Television and Bloomberg Originals. Yes, indeed everybody. This is what we call the Friday edition of Bloomberg Businessweek Daily Carol Massar. Instead of it, you know you're not at Bloomberg's headquarters in New York City. No, that is not my pool nor Tim's pool. And nobody's got in the pool yet. I keep going, I'm go down there and I say what I will give you for jumping in this pool in the middle of the uncharted summit as everybody is hanging out, talking to founders, entrepreneurs, investors. There are the CEOs, crows, CEOs, CEOs of so many companies down there right now. It is the Uncharted Community Summit. It is indeed. It's our second year doing this. Um, and it is such a great eclectic mix of individuals. Yes, folks who are managing money. Yes, folks who are starting up companies, um, venture capitalist entrepreneurs. And it all comes together at uncharted. So coming up over the next three hours, um, we're going to be talking about the macro, the backdrop. We continue to see headlines out of the Middle East. That's certainly an issue. But we're going to get into what companies are doing and how people are investing against all of this. Because, you know, every day on Bloomberg, we find people buying and selling constantly. Ali McCartney. Lucky for us, we met her one year ago at uncharted. She's sitting down getting ready to talk. I'm curious what she is seeing in the last year, how things have changed. She's, of course, managing director of wealth management and private wealth advisor with Alignment Partners at UBS. So we're going to talk to her about some of that market shop that's going on. I think she thinks there's going to be more. Well, I mentioned to we're talking to some of the entrepreneurs here who've also successfully exited companies at major valuations. One of those is Adam Dell. If his name sounds familiar, it's because he's the founder of Clarity Money. Now he's the founder of Domain Money. But yes, he's also Michael Dell's brother. He's made his own name as a venture capitalist and a fintech investor. He's going to be joining us in just a few minutes. Yeah, we've got another entrepreneur, um, starting, uh, with us as well. We're talking about Poppy. She's one of the co-founders, Alison Ellsworth, she created it, sold it to PepsiCo for more than $1 billion. So curious about what she's been up to. Jeff Perry, chief revenue officer uh, on Carter's next move, I mean, they've been buying company, shifting, doing different things that we need to check out. Did you see the scale model of the private chat on the lawn out front?

I did not. Oh, okay. Well, that's pretty cool. I was too busy looking at the tennis courts. We're ready for the. We're talking to the chief revenue officer. Uh, over at Session chat, uh, Alex Hall. He's going to be joining us talking about the World Cup effect, and I'm also wondering, yeah, seeing anything with this eye valuations and those employees starting to travel private. Yeah I work for SpaceX. I've got some extra money. Can I fly private plane?

Not you, not me. Okay. That's just somebody, you know, very happy to be working at Bloomberg, folks. Let's get it back to Bloomberg and let's check in on the market, because we do have some movement going on, maybe more significantly coming. All right. Thank you. Carol. Chipmakers got pummeled by another burst of selling investors pulling money from American stocks for the first time in three months. Record withdrawals from tech funds. We checked those markets for you all day long here at Bloomberg. The S&P 500 is up about a 10th of a percent. Nasdaq up about a 10th of a percent. The Dow a little changed now on the downside ten year Treasury yield at 4.37% and the two year yield at 4.09%. Micron shares down more than 4%. But look at on semiconductor those shares down 24%. Now Oman has told European officials there's no way they can go back to pre-war status quo with the Strait of Hormuz, and transiting ships may have to be charged some fees. Still, though, oil is headed for its biggest weekly drop in a month, oil price is now. WTI crude down more than 3.5%, just over $69 a barrel. Brent crude down more than 4%. It's about $72 a barrel. Volkswagen is looking to cut additional jobs and may shutter factories to make Europe's biggest automaker more competitive. That includes doubling staff reductions and cutting general overhead by the end of this decade. Labor leaders have vowed to oppose these plans. Volkswagen shares about 4% lower. And Boeing secured an order from China Southern Airlines valued at $3.60 to build them. No, not $3 $3 billion 3.6 billion. Marking an important win for Boeing, which shares are a half percent higher for on demand news 24 hours a day. Subscribe to Bloomberg News Now wherever you get your podcasts. I'm Amy Morris. That's a Bloomberg business flash. Now back to Bloomberg Businessweek daily with Carol Massar and Tim at the uncharted summit in Southampton. Yes, indeed, Amy Morris, thank you so much. We are at uncharted and we continue to watch these markets volatility continuing. I think it's safe to say we've had a bunch of down days. I think we have a slight gain on the S&P for the week. But there are a lot of concerns over whether those vast investments in artificial intelligence, you know, are they going to pay off. Will they justify those hefty valuations. Also big concerns about what's happening in the chip industry right now. We're seeing chip stocks get pummeled today. Volatility I think is fair to say. It's the word that really describes the trade over the last week or so. Yeah. Especially coming out of Korea. It sounds like it's freaking out investors too, because investors pulled money from American stocks for the first time in three months with record withdrawals from tech funds. So let's kick it off. Our coverage here at uncharted. Back with us is Ali McCartney, managing director of wealth management and private wealth advisor with Alignment Partners over at UBS. They've got just over a billion in assets under management joining us here. Um, first of all, we have to celebrate our one year anniversary of reunion. I'm very, very happy to be here. We first met you a year ago, and we have been talking with you over the past 12 months, and you've been really a valued voice for us. Thank you. Um, we so appreciate it. So I and I do call you a friend of, of our broadcast in the past year. There's so much that has happened. I just I wanted to keep those viewers. Twisted. And I think so first of all earnings. Right. So there is a lot of certainty around the micro of the market. And so that all of the macro of the market, in a sense, it feels like for the most part taking out the last couple of days has been heavily discounted. Um, so when you have an environment where you have a secular evolution like I and you have earnings for these companies coming in, and, uh, I'm not even going to put a number to it, but for an average or median company coming in, let's say 5 to 8%, there are a lot of tailwinds. Volatility is for sure here to stay. There are three major reasons that I think that. The first is that we have a major regime change at the fed. We have a market that is obsessed with fed speak, projections, talk, long statements, dissecting dots. We're not going to get that anymore. So that is going to give investors and people that allocate capital pause. Yeah. So it becomes harder for them. It becomes harder for them because everybody wants a degree of certainty and comfort to make investments, even though what they say often turns out not to be true. So that's quite funny. Not in the sense. Not in the se