BNN - Monday, May 27, 2024 - 11:00 a.m. (ET) - Segment #2

that they got, you know, it originally was for 2.25 peace. Now it's at 2.50. And I think normally when you look at these types of deals, you're looking at where the shares are trading leading up to a vote. And at this point, you know, it's looking like it's just below 2.50 right now. So that could typically mean that shareholders are okay with the pricing that they're getting and they will likely vote for the deal to go ahead. But the fact that that gap is so narrow right now, mean, it's really hard to tell if this is the end of it. And if you know, they are going to, if they are going to sort of capitulated, say okay to 50's. Good. I think the other thing to look at is when you pull back the chart of indigo shares. And one point it was at $5 during the pandemic. You know, so it's half of that with this sweet for our shareholders, you know, wanting to wait to see if the stock can do better. Are they wanting to wait for even higher bed? Is there the possibility of someone else coming in to play? I think that 3rd option is much lower at this point, considering, you know, a white knight could have come in at any given time at this point, we still haven't seen that. But still, I think I think perhaps is a little bit of of tenterhooks where people are sitting, just waiting to see what the decision will what the vote will look like much it comes through. >> Seems like the market is also waiting to see what happens in china with a new fund to help their to mystic chipmakers. Tell us more about that developing story. >> Yeah, I'm not sure if I'm surprised or if I should have expected this, you know, they have basically pull together 47.5 billion dollars in a very short span of time to create this find that will help with funding. You know, a lot of semiconductor domestic companies within china itself, you know, we obviously have tensions brewing with the U.S. where the U.S. wants to pull back what it is that they're supplying to china at this point. They're, you know, pointing to privacy concerns, national security concerns. And that's really what they're trying to do in china, sort of fighting back right now. We've creating this huge find that's a lot of money to put into china. And as we know, china, despite how huge it is, can move very fast when they do have the capital to put behind something. So I think the question here just becomes, you know, how quickly can they move? They incorporated the find 3 days ago and it now has almost 48 billion dollars in there. To put that into perspective, you know what we've seen in the numbers of the U.S. and how much they put out in terms of grants and funding. It's about 100 billion dollars when it comes to ai chips. A lot of the semiconductor companies in china and hong kong rallied after the news. So we'll just have to see what happens when the U.S. open how these chip stocks in the U.S. will took a real quickly, a also on the move once again. Yeah, so I think this is like much highly anticipated news. The sec has now agreed that a lot of these venues, like the 90 and staff can take on tts 4 spot etf that led to a huge rally in d fair. We're seeing a 26% gain in the last 7 days. Now I these bets going to intensify begs the question, can it get as many as much inflows as bitcoin etf, that's going to be the next step that we want to to be a thanks for the breakdown will be watching closely. The theory in price and that they on these other stories also appreciate to be a ball to joining us. When we come back, we'll talk about the confidence levels in this country ahead of a key gdp report. >> Coming up later this week. So, it's a financial approach that just flows together. Kinda like this: Investments in the front... Insurance in the back. We do both. [phone ringing] ( ) You never know what surprises life has in store. Invico Diversified Income Fund has provided investors with a decade of positive performance. Prepare for whatever's next with Canada's top alternative investment solutions provider, Invico. Reach for the future. Upbeat music ( ) ( ) Get more from trusted us Treasuries with hbnd. Canada's first covered call bond etf providing attractive monthly income with the strength and security of U.S. government bonds. Hbnd, more income, every month, from Hamilton ETFs. ( )( ) ( ) ( ) ( ) Gold is soaring and copper demand is at all time highs.

American Pacific Mining is seizing the moment by partnering with world class miners to unlock America's next big copper gold strike, fully funded with a $14 million exploration blitz this summer and nominated for multiple industry awards, including six by s&p global. American Pacific Mining fueling America's mission for homegrown metals. (Funky hip hop music) all right, well, we are getting ready for an interest rate decision from the bank of canada. That is coming next week. Ahead of that, we'll get some key figures on the gdp picture in this country at the end of this week. And remember, we've seen some signs of resilience for canada's economy. Meantime, new confidence from nanos research is suggesting some canadians are increasingly feeling optimistic about their financial outlook. Let's bring in veteran pollster nik nanos for more on what the data is telling him. Nick, nice to have you back with us. I was looking at the overall confidence survey questions and the answers and it sounds like some people feel fairly good about where they could be in the months ahead. But what the numbers net out to you. >> Well, you know, the thing is that the, the overall consumer confidence picture is marginally positive positive. So a bit tepid. The forward look, which is the bloomberg nanos expectations index is actually trending and much more of a positive direction. And the pocket book, which is your personal finances speaks to people are hopeful about the future, but still getting squeezed by the cost of living inflation. Housing, groceries, roll that out. And there are still significant amount of pressure on consumers. >> So this idea of even if you're gainfully employed, even you know the stock markets at record high on main street, people are still feeling squeezed by the inflation interest rate realities. >> Yeah, it's like joyless prosperity, right? They look at right not feeling better. Yeah, right. And and it's because worry and concern about inflation is something like that. And that's what your point about interest rates. Interest rates is a key thing that people look and, you know, depending on the direction of interest rates, you know, if they go down, people feel a little better think a lot of people start to feel a little nervous and that's why singles out of the bank you can or actually critical in terms of of the impact on consumer confidence. I mean, are you getting a general sense what canadians would like to see on the interest rate front going forward? >> First of all, probably stability is probably at the top of the list because you know, if there's a there's a new normal level for interest rates compared to the past, which have been exceptioally they can plan around that so stability would probably be the first thing. And then they would probably welcome any kind downward pressure on interest rates. Anything going up wouldn't be good, make people even more grow bigger and more anxious. And they are currently. >> And so how does the economic picture when to the political polling numbers right >> Well, it's not helping the incumbent government because whenever people are worried about worried about the economy is never good for any incumbent government. You know, right now the conservatives, they've got like a whopping 18 point advantage over the liberals like 43 25. Or something like so you know, it's just not good. Not good news for the liberals, with the liberals need is for people to feel better about the economy. And for also the economic numbers to be good. And both of those things start to happen. Probably look at the liberals and feel a little better but a government that's been in power since 2015, the housing market's another hot button issue in political circles should be people just want to place live to be one affordable living. What did you find in terms of the outlook for? >> Home prices with latest consumer confidence survey. >> Well, you know, the good news is that people are still positive where they think the value of real estate in their neighbourhoods will be. You know, that's piece of good news. But you know, on the other side of the ledger, you know, pretty people's personal finances, are getting squeezed. So real estate continues to be the one positive note but you know, it's, it's a 2 edged sword because if you're not in the market, its hard to get if you're in the market, you can kind of ride the wave. So it's a it's an even in terms of the impact on canadians, whether -they're actually in the housing market or not.

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