| Ticker | Direction | Speaker | Thesis | Time |
|---|---|---|---|---|
| WATCH |
Annabel Droulers
Anchor, Bloomberg TV |
Warner Bros Discovery is reportedly reopening sale talks with Paramount; Skydance has also submitted amended terms to topple a potential Netflix deal. A bidding war is emerging for Paramount's assets. The inclusion of a $2.8B breakup fee coverage by Skydance indicates serious intent to block consolidation by competitors. WATCH. M&A arbitrage opportunity developing as multiple suitors engage. Regulatory antitrust blocking any deal. | 42:22 | |
| SHORT |
Catherine Lim
Senior Analyst, Bloomberg Intelligence |
Regulators summoned major platforms (Alibaba, Baidu, JD, Meituan) on Friday regarding "evolutionary" pricing practices (price wars). Meituan warned of a $3.5B annual loss due to this competition. The government's "anti-involution" drive effectively caps profit margins. If companies cannot compete on price to gain market share, and are simultaneously facing an earnings wall due to weak consumption, their growth models are broken. SHORT/AVOID. The regulatory overhang combined with deteriorating earnings guidance makes the sector uninvestable in the near term. A surprise stimulus package from Beijing or a successful Trump-Xi summit in April could trigger a short squeeze. | 21:29 | |
| LONG |
Stephanie Leung
CIO, StashAway |
Leung notes that while the "SaaS apocalypse" (AI replacing software) is shaking markets, the "hardware bottleneck" is the only area with clear earnings visibility. She specifically cites Korea as a beneficiary of the cyclical recovery and AI demand. The "AI Scare" trade is punishing software, but the demand for compute is skyrocketing. Korea (specifically memory chips) sits at the intersection of AI demand and a global cyclical recovery, offering better risk/reward than crowded US software trades. LONG. Focus on the "picks and shovels" of AI where supply is constrained. A global recession dampening cyclical demand for electronics. | 11:07 | |
| LONG |
Stephanie Leung
CIO, StashAway |
Leung states, "Gold is a replacement for the US dollar... we don't need to further beta by adding silver." Gold is being treated as a core sovereign asset and hedge against US fiscal/political instability. Unlike Silver, which is retail-driven and speculative, Gold has institutional and central bank support. LONG. Stick to Gold for the macro hedge; avoid Silver's volatility. A sudden strengthening of the USD or a rise in real rates. | 4:45 | |
| LONG |
David Fickling
Opinion Columnist, Bloomberg |
China has applied to launch 203,000 satellites, but currently has no reusable rocket technology comparable to the Falcon 9. SpaceX has 10,000+ satellites and launches 2,000+ per year. China is resorting to "regulatory tricks" (filing for slots) because they cannot compete on hardware. SpaceX has an insurmountable 5-year lead in Low Earth Orbit (LEO) infrastructure. LONG (via private shares or TSLA as proxy). The valuation is justified by a near-monopoly on the future of the internet (LEO). Rapid technological breakthroughs by Chinese aerospace state-owned enterprises. | 32:36 | |
| NEUTRAL/WATCH |
Mark Cranfield
Cross Asset Strategist, Bloomberg |
Japan's GDP missed expectations massively (0.2% vs 1.6%), yet the Yen has rallied from 159 to 153 against the Dollar. The weak economy makes it harder for the BOJ to hike rates aggressively (bad for banks), but structural factors (fiscal discipline, inflation entrenchment) are preventing the Yen from collapsing. The currency is stabilizing despite the weak data. NEUTRAL. The "easy short" on the Yen is over, but the "long" trade is complicated by a stalling economy. The Fed cutting rates faster than expected would send the Yen ripping higher regardless of Japanese data. | 50:03 |