Anthropic启动IPO营销，Waller支持12月加息

I AM IN NEW YORK CITY, 10:00 IN LONDON. ANNA EDWARDS WITH YOUR BLOOMBERG BRIEF. I STUCK REBOUND TAKES A BREATHER AHEAD OF CPI IN THE UNITED STATES. THE FED GOVERNOR CHRIS WALLER SAYS HE SUPPORTS A RATE HIKE IN DECEMBER. BRENT CRUDE DROPS BELOW $90 A BARREL FOR THE FIRST TIME SINCE AUGUST. U.S. GASOLINE PRICES DIP BELOW FOUR DOLLARS A GALLON. ANTHROPIC'S MARKETING FOR ITS BLOCKBUSTER IPOS AT THE KICKOFF AS EARLY AS TODAY AFTER A MISSTEP IN THE FILING OF ITS DOCUMENTATION.

LET'S GET A CHECK ON THE MARKETS AROUND THE WORLD. HERE IS WINNIE HSU IN HONG KONG FOR THE LATEST IN ASIA. WWINNIE: A PRETTY STRONG RISK APPETITE IN ASIA, UP ABOUT 2%, EXTENDING GAINS FOR SECOND SESSION AND HEADED FOR ITS BEST TO DATE GAINS SINCE AUGUST. THE GAINS ARE BEING MAINLY DRIVEN BY A TECH HEAVY GAUGE. THAT SOUTH KOREA KOSPI INDEX UP BY ABOUT 4%. THE OVERALL MOOD IS PRETTY UPBEAT BECAUSE -- NOT JUST BECAUSE WITH THE REBOUND WE SAW SINCE THE U.S.

TERMS, BUT OVERALL THE GAINS THAT WE SAW IN U.S. STOCKS OVERNIGHT, PLUS THE PLUNGE IN OIL PRICES. WE TAKE A LOOK AT CHINESE ASSETS, WE JUST HAD THAT FRESH DATA OUT FROM THE TRADE NUMBERS, AND SURPRISING NUMBERS REALLY COMING THROUGH, SURGING AT ITS FASTEST PACE IN SWING 21. THE EXPORT NUMBERS SEEM TO BE QUITE RESILIENT. THAT'S WHY WE SAW THE TRADED SURPLUS FROM JANUARY ALL THE WAY THROUGH TO OCTOBER TOPPING $1 TRILLION.

THAT IS THE VERY FIRST -- A VERY SECOND TIME IN HISTORY FOR CHINA. SO WE CONTINUE TO SEE THE YUAN OFFSHORE AND ONSHORE EDGING HOW YOUR. ANNA: FASCINATING STORY FROM THE CHINESE TRADE DATA. THANK YOU VERY MUCH. LET'S GET A LOOK AT EUROPE WITH JUSTINA LEE. JUSTINA: SIMILARLY BULLISH IN EUROPE WITH THE 600 HEADED FOR A RECORD HIGH LED BY BANKING SHARES. WHAT'S REALLY INTERESTING ABOUT TODAY IS YOU KNOW RISK APPETITE IS RECOVERING WHEN THE FRENCH GOVERNMENT BOND YIELDS ARE FALLING MORE THAN GERMAN GOVERNMENT BOND YIELDS.

A LITTLE BIT OF PERIPHERAL SPREAD TIGHTENING HAS OIL PRICES FALL AGAIN. WE FLIPPED THE BOARD HERE. I THINK THERE IS AN INTERESTING STORY DEVELOPING IN EUROPEAN FIXED INCOME. THIS IS THE GAP BETWEEN THE 10 AND A TWO-YEAR TERM AND BOND YIELD. YOU CAN SEE IT IS AT THE FLATTEST IN ABOUT TWO YEARS. WHAT THIS REALLY REFLECTS IS ON THE LONG AND YIELDS ARE FALLING, OIL PRICES ARE FALLING, THE SHORT END NOT AS MUCH BECAUSE ECB IS STILL EXPECTED TO HIKE ONE MORE TIME IN DECEMBER AND THAT IS WHY WE ARE KIND OF SEEING QUITE A BIT OF FLATTENING IN THE BOND YIELD CURVE THERE, ANNA.

ANNA: EUROPEAN EQUITY MARKET SENTIMENT BEING SUPPORTED BY WHAT HAPPENED TO THE U.S. YESTERDAY AND THE WEAKER OIL PRICE, AS JUSTINA SAID. WE WILL COME TO THAT IN A MOMENT. THIS IS THE FUTURES ON THE S&P AND NASDAQ FUTURES, PRETTY MUTED GIVEN THE SCALE OF THE RALLY WE SAW YESTERDAY'S SESSION BUT WE HAVE SOME SUBSTANTIAL MOVEMENT AT THE SHORT END OF THE U.S. TREASURY CURVE, WE HEARD FROM CHRISTOPHER WALLER WHO IS BACKING A RATE HIKE IN DECEMBER EVEN TALKING ABOUT WHAT WOULD MAKE HIM VOTE FOR 50 BASIS POINTS IN DECEMBER.

THAT IS CERTAINLY PUT A FIRE UNDER YIELDS ON THE U.S. TO YEAR, WE ARE WATCHING THAT AT THE SHORTER INTO SELLOFF AT HIGHER YIELDS. LET'S TAKE A LOOK AT THE OIL PRICE I MENTIONED BECAUSE THEY ARE WE ARE SEEING SUBSTANTIAL MOVEMENT. WE DO BELOW $90 A BARREL ON BRENT CRUDE, EARLY ON WE ARE STILL DOWN 89.74 IS WERE RETRADE DOWN BY 3%. WE WERE DOWN BY AROUND 6% IN YESTERDAY'S SESSION, SO THESE ARE SUBSTANTIAL MOVE SLOWER. NOT JUST IN OIL, OTHER PRODUCTS.

WE ARE STARTING TO SEE MORE SUSTAINED PICK UP PERHAPS IN THE LEVELS OF VOLUME COMING OUT OF THE STRAIT OF HORMUZ IN TERMS OF ALL KINDS OF PRODUCTS, SO THAT SEEMS TO BE OTHER LANGUAGE FROM THE WHITE HOUSE. OTHER STOCKS TO WATCH.

WE ARE NOT DONE WITH THE AI TRAIT DESPITE YESTERDAY'S SIGNIFICANT RALLY. TSMC'S OCTOBER SALES FIGURED JUMPED 60% ON THE YEAR. YOU MIGHT'VE EXPECTED THAT THE BOOZE SOME OF THAT U.S. SUPPLY INCLUDING APPLIED MATERIALS AND LAM RESEARCH, HOWEVER THEY ARE MUTED IN PREMARKET TRADING, AND THAT IS LARGELY BECAUSE YESTERDAY MARKED THE LARGEST OUTPERFORMANCE OF THE SEMICONDUCTOR INDEX IN U.S. VERSUS NVIDIA SINCE 2019. THIS MORNING WE ARE ACTUALLY SEEING A BIT OF A REVERSAL OF THAT WITH AN NVIDIA RALLY AND SOME OF THE WINNERS IN THE STOCKS INDEX PARING SOME OF THE EARLIER GAINS.

MOVING OVER TO EARNINGS WE HAVE TAKE-TWO, THE VIDEOGAME MAKER IS HIGHER IN PREGAME TRADING AS INVESTORS AND ANALYSTS SEE THEIR GUIDANCE AS BEING OVERLY CONSERVATIVE. THAT IS AHEAD OF THE HIGHLY ANTICIPATED GRAND THEFT AUTO SIX RELEASE ON NOVEMBER 19. THE COMPANY HAS ALREADY SAID THAT THEY EXPECT THAT RELEASE TO BE REALLY, REALLY STRONG, PREORDERS ARE AT AN UNPRECEDENTED LEVEL FOR GRAND THEFT AUTO SIX. FINALLY ROCKET BY IS LOWER IN PREMARKET TRADING.

THEY MISSED ON THIRD QUARTER EPS FIGURES AND ALSO FORECAST THIRD-QUARTER OPERATING EXPENSES HIGHER THAN INVESTORS EXPECTED. ANNA: THANK YOU, OLIVIA, WITH THE LATEST ON STOCKS TO WATCH AHEAD OF THE U.S. OPEN. CAN THIS HOUR WE WOKE COUNTDOWN TO CPI, WE WILL TALK TO KALLUM P ICKERING IN THE CONTEXT OF THE CHRISTOPHER WALLER CONTEXT THERE SEEMS TO BE A LOT AT STAKE, MARKETING PROCESS FOR ITS IPO AS SOON AS TODAY. THE FIRM IS OFF TO A ROCKY START AFTER A LEAKED PERSPECTIVE SEEMED TO SHOW A 69.3 BILLION DOLLAR FUNDRAISING TARGET BEFORE BEING RETRACTED WHICH WOULD FALL SHORT OF AN EARLIER GOAL.

ANTHROPIC HAS STATED THE NUMBER WAS OUTDATED. JOINING US TO IMPACT THE LATEST MISTAKE OR, SNAPPING WAS OUR COLLEAGUES ARE CALLING IT, NEIL CAMPLING. WE ARE GOING TOWARDS AN IPO BUT YOU WANT THE DOCUMENTATION TO CONTAIN THE RIGHT NUMBERS. NEIL: THE IMPORTANT THING TO WATCH IS HOW MUCH THEY ARE ABLE TO RAISE. THERE COULD BE AMENDMENTS TO THE FILINGS THEREAFTER. A BIG APPETITE FROM INVESTORS, THE NUMBER COULD POTENTIALLY BE HIGHER, BUT THE NUMBER THAT WAS MENTIONED OVERNIGHT AND THOSE REPORTS, 69 BILLION DOLLARS YOU MENTIONED, SIGNIFICANTLY LOWER THAN THE 100 BILLION DOLLARS THAT HAS BEEN REPORTED IN PREVIOUS MONTHS.

THERE WILL BE A FOCUS ON FRESHLY HOW MUCH THEY CAN RAISE, AND SECONDLY WHAT KIND OF VALUATION WE ARE GOING TO BE LOOKING AT HERE. WE WERE TALKING EARLIER IN THE AIR AT 1.2 TRILLION DOLLAR VALUATION. THAT WITH SO PUT IT IN THE TOP 10 STOCKS OF THE NASDAQ 100. A MASSIVE VALUATION STILL. ANNA: LAST WEEK, MAYBE THE BARS JUST GETTING THROUGH THE IPO. THAT IS THE FIRST HURDLE, AND THE PRICE. OTHER SIGNALS ON THE TECHNOLOGY LANDSCAPE.

TSMC, STRONG REVENUE NUMBERS THERE? NEIL: UNSURPRISINGLY, TO BE HONEST. SEASONAL EFFECTS FROM THE APPLE LAUNCH, NO SLOWDOWN IN NVIDIA PRODUCTION. THAT WAS A POSITIVE. SECOND HIGHEST YEAR ON YEAR GROWTH RATES AT THIS YEAR'S INTO JUNE IS A POSITIVE FOR SURE. THERE IS STRONG DATA OUT OF TSMC. WE ALSO HAVE STRONG NUMBERS OUT OF NVIDIA THIS MORNING AS WELL. ANNA: TELL ME ABOUT THOSE BECAUSE THEY BOOSTED THEIR AI DO WITH THE DATA CENTER BUILDOUT?

NEIL: IT IS NOT APPEAR AI CHIP COMPANY BUT IT IS IN THE AI DATA CENTER BUILD. THE BUILD IS SIGNIFICANT, 60% HIGHER THAN THEY PREVIOUSLY FORECASTED. 4 BILLION EUROS FROM 2.5 BILLION PRIOR, A BIG INCREASE FOR THAT PARTICULAR SEGMENT. ANNA: PRETTY BULLISH EVEN THOUGH IT IS A BUSINESS WITH OTHER PARTS, DATA CENTERS, CARS, EVERYTHING ELSE THEY SUPPLY. SOFTBANK, REALLY FAST MASSIVE DATE -- REALLY FASCINATING TAKEN THE TECH CENTER LANDSCAPE.

WHAT HAVE WE LEARNED IN THAT FRONT? NEIL: I WAKE UP IN THAT SIGNIFICANT COSTS COMING WITH THE BUILDOUT FOR AI INFRASTRUCTURE AND THE ENERGY RELATED DATA CENTER SPEND. THE AMOUNT OF THE LOSSES THAT WERE POSTED FOR THAT WERE HIGHER THAN EXPECTED. GIVEN THE SENTIMENT AROUND THIS AREA, THAT IS A NET NEGATIVE, I THINK, IN TERMS OF INVESTOR EXPECTATIONS. GIVE THEM THE NEXT DATA POINT TO LOOK OUT FOR THIS WHOLE AI OF THE STRUCTURE BUILDOUT IS WHAT WE HEAR FROM THE PROMINENT NEO-CLOUD COMPANY COREWEAVE REPORT RESULTS LATER TONIGHT WHO HAVE SEEN A SIGNIFICANT INCREASE IN THEIR DEBT CASTRIES ONLY.

ANNA: ABSOLUTELY. WE TALKED ABOUT NOTHING ELSE FOR AT LEAST 24 HOURS SO NO DOUBT WE WILL RETURN TO THAT THING SHORTLY. NEIL CAMPLING WITH US ON THE LATEST TECH THE