Bloomberg Daybreak: US Edition
Daybreak Weekend: US Home Sales, Europe Stocks, Softbank Investment
Dec 21, 2024
Catherine Thorbeck, Bloomberg Opinion's Asia tech columnist, shines a light on SoftBank’s ambitious $100 billion investment in the U.S. tech sector and the intricacies of securing funding amidst past financial hurdles. The conversation also navigates the challenges facing the U.S. housing market and strong retail performance despite economic strains. Additionally, Thorbeck discusses potential mergers in the Japanese auto industry, emphasizing the urgent need for innovation in the electric vehicle market and the impact of Chinese competition.
39:03
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Quick takeaways
- The U.S. housing market faces challenges with high prices and mortgage rates, affecting buyer demand and slowing overall sales.
- European equities show potential for growth despite political instability, with sectors linked to luxury goods and recovering markets attracting interest.
Deep dives
Challenges in IT and Cybersecurity due to Legacy Technology
Many IT and cybersecurity teams are feeling overwhelmed by legacy technology, which is hindering their preparedness for future threats. Research indicates that 59% of security decision-makers express feeling unready with their current tools. As organizations accumulate more security tools, the frequency of incidents actually increases, with those using over ten tools experiencing significantly more security breaches each year. This suggests that a more streamlined approach to cybersecurity might be necessary for better efficiency and protection.
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