announcer: from where the heart of innovation and money collide, this is bloomberg technology with caroline hyde and ed ludlow. ♪ caroline: i am caroline hyde in new york. ed: i'm ed ludlow in san francisco and this is "bloomberg technology." caroline: tesla recalls 2 million cars to fix safety flaws. what it means for drivers and the ev maker as it faces its biggest recall ever. ed: apple said to be hit by an

eu antitrust offer over the music streaming rivals. we break on the potential ban. caroline: netflix is revealing fewer data on every show in an effort to boost transparency in the wake of the hollywood strikes. we will discuss that and more throughout this hour. plenty of regulatory focus. currently basing trading -- basically treading water. that important decision coming from the federal reserve. what will he get a signal in terms of rate cuts for 2024? two-year yield off by seven basis points. they are anticipating some sort of dovishness in the next. let's he was happening the world of crypto. it has been a volatile space of late. holding above the $41,000. elevated levels in the last few trading days. up to percent as the dollar treads water.

what are you watching on the micro? ed: i huge number of stories in the technology space. netflix giving out data on every film, tv show and viewership globally. we will go deep on this later in the program. i really delayed impact on the stock. up 2.3%. it was released during yesterday's session and the stock hardly budged. breaking in the last hour, according to sources the eu will look at anti-steering provisions by apple and how they do deals with developers about drawing the attention of users to other music streaming subscriptions outside of. little impact on -- outside of ios. there was a spike higher in spotify, then they paired the gains down softer. .6%. the other top story is tesla's declines accelerating in the last hour or so. this is a recall in name only of

2 million vehicles. tesla plans to fix the issues around autopilot with over the air software updates. though started on the 12th, yesterday. let's bring in keith lange out of washington. what do we know about this autopilot recall? keith: this recall is years in the making. literally. the top auto safety bigler -- regulator started looking at it in 2016. the pace has picked up in of the biden administration. the agency launched the current probe into autopilot 2021 and launched a probe into tesla's full self drive beta system in 2022. they said the probes were -- this recall is a product of this probes. tesla agreed to recall almost all their cars across all models and push out this update which they say will address some of

the flaws with making sure drivers are fully engaged in aware that the cars are not capable of driving themselves. the autopilot system is subject to several other investigations of other agencies. tesla has raised criticism of their marketing of the system, people pointing out there are no cars in the road capable of full self driving. caroline: the agency has opened more than 50 special crass investigation -- crash investigations. it feels like this is an awareness, an education process to the driver. why isn't this something other reasons are looking into, not just the united states? keith: i think a lot of this is centered on tesla's marketing of the systems and vehicles. they have the system they are calling. drive. even they acknowledge the cars are not capable of driving themselves. that is why there is a focus on

this in the united states right now. caroline: a little more of a marketing message making people basically have their hands on the steering wheel a little bit more. keith lange, great to have you on the show. let's stick on tesla and elon musk. x, the social media platform is on track to bring roughly 2.5 billion dollars in 2023. that is a significant slump from prior years. we know we want to talk to who put out the story. how much of a follow-up visit? -- fall off is it? >> last year we did not get full numbers because the deal had closed in the middle of the year. this is a huge deal. twitter, or x, made 90% of revenue from advertising. when you made this big decline in their core main business it is obvious he not a great sign.

that is why you see elon out. this could lead to real trouble for the company. he talked about bankruptcy before. that is because this core part of their business is struggling. ed: we have been crunching numbers and talking to sources about what's happening now. a lot changed from the second to third quarter and third quarter the fourth quarter. it is 75% adds and than the 25% that remains is not to just subscriptions, it's data licensing. kurt: our understanding is the subscription part of that business is very small. the external estimates are around $120 million a year. the data licensing has been historically a bigger business. $500 million plus for people paying for access to what we call the firehose of tweets. all the tweets coming through. that business has stayed maybe

be a little stronger because it is not as impacted by elon musk saying the things he says that advertisers are bothered by. ed: an executive responded to our story. you can read his statement. he said we are giving an incomplete picture of what the business looks like. kurt wagner, thank you. caroline: let's dive into talking tech. we will stick on the world of elon musk. spacex will sell insider shares. $97 apiece and a tender offer boosting the value of the company closer to $180 billion. tesla posted a video showing improvements it made in its humanoid robot prototype. the human mimicking machine is part of the venture into developing a i and utilizes a trained neural network to perform basic tasks. maybe a bit of a dance as well as you can see in this current video. in new york, the law could

require social media platforms to provide data at no charge to third-party apps and allow users to block hate speech which has been searching online. this comes after x and read it the -- reddit began charging third-party apps early this year. ed: apple is in the crosshairs about its app store rules for music rivals. the details on that bloomer of exclusive. netflix ready to tell the world how many people watch its shows. we will have that data next. shares of etsy have to quite a .5%. currently down 5%, the biggest drop since september. cutting 11% of the marketing workforce and giving us an update on their outlook for the fourth quarter. gross merchandise volumes will drop into the low single digits. topline growth of 2% to 3% but it's a real slow down and things not going well for etsy. the stock down 4%. this is "bloomberg technology." ♪

ed: apple is said to be hit by a ban on its app store rules and a hefty fine. eu regulators are putting the finishing touches to a decision that would prohibit apple's practice of blocking music services from pushing their users away from the app store and ios to alternative subscription options. the decision is coming early next year. agee cantrell, this is anti-steering provisions that the eu is trying to address. the potential penalty for apple is large, a fine. what we know about it?

>> they could be up to 10% of annual sales for apple. that's a real concern for the company. in the past we have seen the eu has really been at the forefront of incredibly tough regulations on big tech. this is coming from the eu's antitrust investigator. this comes at a time when the eu is about to launch its digital markets app provision next year in march. that will be a critical focus for big tech. it is designating companies like apple as gatekeepers for our online ecosystem. that really means those companies need to conduct their business practices in a way that is not anti-competitive for smaller players in the market. that is what is being discussed. the suit was brought forward by spotify almost four years ago. what we are seeing now is that

apple may have to change its practices. it may have to allow for platforms to facilitate the app store -- the app store to facilitate people able to go to other subscription platforms like spotify. the reason for apple to change their practice, this is not the first time they have thought about doing this off the back of eu legislation. we saw this when the apple -- apple announced earlier they would have to consider allowing third-party app stores to access to iphones as of 2024 off the back of the digital markets act. caroline: other than competition the eu has been busy when it comes to labor protection. tell us what they are considering or proposing when it comes to workers. aggi: the platform directive is about try to standardize the labor rights for gig economy

workers. there are a lot of people that work for these platforms that are currently deemed self-employed. the eu believes around 5 million, 19% of the the self-employed platform workers in the eu are misclassified and should be considered employees. they have built a system of criteria including does the platform you work for have control over your hours, do you have an upper limit on how you can earn on the platform, is their control over your appearance or your conduct while you're working on the platform. what most people consider standard things of being employed, and of two of the five are fulfilled, the proposal is those people would be considered employees. this is still in the preliminary discussion. it is still awaiting approvals from the european parliament. caroline: business models under fire. aggi, thanks for joining us.

airbnb's irish unit has agreed to pay the italian tax authorities 576 million euros to settle allegations that it had not paid enough tax in 2017 to 2021. the company says it does not acknowledge any liability as part of the settlement according to the regulatory finding. what is going viral? ed: netflix releasing viewer data on every single show and movie on its service. the first time with a streaming giant says will be regular reports. this is the biggest disclosure from hollywood or any streaming service anyway, infinite amounts of data on 18,000 titles. what do we actually learn from it? >> we learned a lot. we have been waiting for this for 10 years wondering what exactly people are watching on netflix. the biggest take away from yesterday is that more than 50% of the viewing in the first six

month was driven by netflix. originals original movies, original tv series. that is sort of a validation of all the spending that has been done on original programming by these streaming services over the past several years. caroline: i have got to say i've not watched a single minute of any of those. that is more about being a parent. this has been forced in some way by the strikes. why was this transparency wanted? felix: the creative community has been demanding transparency for years. there was no way to know if your show was a hit, failure. you had to take the streamer's word for it. netflix acknowledged by keeping this data to themselves it had built of all this mistrust with their creative partners. this is a way for everybody to know this is where you stand, this is what people are watching

stop it is a big flex by netflix. it will show the world how much more people are watching on netflix in any of the competitors. ed: it's important for the actors in the context of the strikes we just had. this was at the center of talks. felix: the compensation model in terms of rewarding creators and actors and writers residuals based on if your show was really popular. part of that was you need to know what is popular. that data will go to the guilds anyways but it also now allows the rest of the world to check this out. you can bet that every writer, actor, producer, even the competitors are going to be pouring through this data wanting to know this is what people are actually watching. ed: felix, thank you so much for the breakdown of the data. coming up, the outlook for the 2024 ipo market with rachel gerring. what is roadblocks up to --

roblox up to? caroline: wells fargo initiated coverage on the stock. it went overweight with its recommendations. the video game company operates in growing audience platform with the advertising upside. from new york and san francisco, this is "bloomberg technology." ♪

the first time you connected your godaddy website and your store was also the first time you realized... well, we can do anything. cheesecake cookies? the chookie! manage all your sales from one place with a partner that always puts you first. (we did it) start today at godaddy.com

>> i think investors need to get confident with the fed is done raising rates. i don't think they need to lower them much for the ipo market to happen, to take up -- tick up. i expect we will see more tech ipos in 2024 but that is not hard to do. caroline: important as we look to fed day, which is today.

mitchell green of lead edge capital with what it means for the ipo market. joining us now is rachel gerring . is the ipo market going to be dictated by macro for are there more lp pressure coming in? rachel: i think it will be a combination of both. the improving macro backdrop is going to help the situation and it's encouraging looking ahead to 2024. ed: just like me getting organized for my holiday shopping, my understanding is behind-the-scenes there is a lot of work going in to preparing for ipos in 2024. the groundwork and confidential filings. does that tally with what year from clients and your network? rachel: absolutely. not only what we are hearing but we are experiencing firsthand. really encouraged by the amount

of preparation companies are putting into their ipo plans. whether that is for 2024 or even beyond into 2025. plans are taking this opportunity -- clients are taking this opportunity of the lacking of ipo's happening today that is being used today to prepare for the future and really to be able to optimize when the market does return, allowing these companies the optionality to take hold of the market opportunity when it is right for them. ed: there is a market mechanics story happening where companies are filing confidentially and then doing nothing. sitting on it. how much flexibility does that actually give a company filing confidentially on the timing and method of going public? rachel: it really does provide a lot of optionality. it is definitely a course we would recommend for clients. it is allowing companies

confidentially to work through that process with these securities and exchange commission, work through those comments and so forth without the pressure of needing to go on file publicly eminently. as the broader macro backdrop continues to play out and continues to improve, that is when companies can choose the timing that is right for them and be ready. have the review process complete. be ready for that roadshow. then really complete a very efficient process in the last part of the ipo journey. caroline: and be ready to be a public facing company. i spoke to instacart after their listing. how is it at your first quarter of being a public company? i have kinda been doing this for ages because they were waiting to go public for so long. they had the documentation. are you likely to see some of the companies that do eventually become public have a similar business model to instacart in

terms of showing evidence of profitability? do they have to talk up ai at the moment over more types of companies come? rachel: i think we will see companies come to market from a broad range of sectors. i anticipate looking ahead to 2024. it will probably be much of the same. meaning large companies scale with profitability are eminently reaching profitability. i don't anticipate that changing immediately. as the current crop of ipo's continue to perform this next crop perform well, then i see the ipo opportunities broadening. to others the more traditional tech type company. probably in the later part of 2024. caroline: ultimately, do you think this pressure a lot of companies are under to go public for a liquidity event, has it become in some ways unsustainable? have there been to many vc-bac

ked companies of late? rachel: there is definitely pent up demand when you think about pe vc investors. they have been holding for a long period anxiously awaiting a monetization event of some sort. we see the ip market slow, the m&a market slow. a lot of pent-up demand. at the same time the pe investors are also recognizing the importance around valuation. we still have the valuation tension of what buyers want to sell and buy at what companies -- versus what companies are targeting themselves. that valuation tension is still there. to get deals done going into 2024 having realistic pricing as citations is a must. ed: what about the competing forces? what are the biggest factors that are causing technology companies to hit pause, hit the

brakes and hold them going public? rachel: the broader macro backdrop is one reason why companies are waiting on the sidelines. we will see what happens today. everyone is exciting the fed to hold tight on interest rates. we have fight ipos and high interest rate environments before. it does not mean we can't continue. it is the predictability. companies want to know rate hikes have stopped and even see encouragement they might start to come down sometime in 2024. that level of predict ability will be definitely helpful for the ipo backdrop. broader macro trends. the data is trending in the right direction. it provides hope for 2024. absent unforeseen shocks. ed: rachel gerring, thank you so much for your time. a nice look ahead to the fed. coming up, the impact of higher rates on the tech sector. that's a discussion we have with

joe zhao of linear capital. caroline: let's look at one of the most valuable companies out there, microsoft gaining and initiating coverage saying it could be worth $600 in terms of price target in three years. this is bloomberg. ♪ ♪ ♪ be ready for any market with a liquid etf. get in and out with dia.

caroline: welcome back to "bloomberg technology." ed: i was going to bring you a magic market moment, but then trading on the nasdaq 100 conspired against me. this is what the nasdaq 100 looks like year-to-date. we are way off session highs this morning. but for just a moment we are at a 50% year-to-date gain on the nasdaq 100. the reason i bring that up. look at the far left-hand side. a lot of the recent momentum has come since november 1, the last fed meeting on the nasdaq 100. more than 100 names but largely higher multiple software

stocks. that is why i checked the index. it is for decision date. the expectation for the meeting actually nothing will happen. think about 2024 and the narrative that is coming. the light numbers you are looking at are the forecast for cuts in the next meetings across 2024. the red numbers are the one-day changes in citations for each of those meetings. when you think about private markets like venture capital, you think about public markets. historically when rates are high investors assigned more money to bond funds and less the equity funds. the world is watching. if you are a vc organ equity markets and you think about technology, you care. let's continue the conversation with joe zhao at linear capital. as our your head is at this morning as you wait for the fed? joe: good to see you again. exactly. we expect the fed to pause and start cutting 2024.

when they begin cutting market participants like us begin to build in these right paths into models. all things equal, prices of companies are divided by the discount rate. when it goes down the price of the stocks should go up and that is why you see the market reaction. caroline: the reason we love you is you are so active in the vc community and you also used to work with in monetary policy at the fed. i'm interested into how much your view on valuation has shifted or your pitch has been based upon the fact that all these valuations are at very heady heights for ai still happening when interest rates are high in they might come down. joe: a couple of points. when i was on your show last, the pointed if ai is this big in

this environment, imagine when it receives and how big the phenomenon will be. it is under the belief big. right now i speak with a lot of lps, wealth funds, institutions. the math is pretty simple. if you can allocate your capital into a fund and generate 5% interest in treasuries and 10% and credit -- in credit and some higher in venture, why would you hold your capital? that is there thinking. that is what we have seen in the last 18 months. lps are active in secondary funds. secondaries, you can buy some of the shares at 80% down in prime markets. the second thing is as soon as

the ipo market reopens and you are seeing the lps getting their capital back then they will reshuffle their capital back into vc's. the last 18 months in venture has been one of the toughest periods in the 15 years. if you're a vc fund, a founder you held your ground for the last 18 months and you may have passed the test. you have to hang tight, keep working and 2024 should be a better year for the asset class. caroline: i think of those that did decide to take it on the chen when it came to valuation. some of those shares are available on the secondary market for a lot less than their peak valuation, but not all are below. i think of spacex that is in your portfolio. they are looking to be selling inside shares at the moment at a huge valuation. what do you make of that? joe: when i look at stripe, the

new rally is down 50% and it's not a surprise. there are a couple of reasons. if you put in the higher interest rate in the financial model, it is actually fair value versus the $95 billion they raised in the last round. in public markets, looking at new bank, etc., they are also down more than 50%. it makes sense the privates will be done more. it is based on the dcf model. ed: been writing in the text of the world of ai that you want to tell us about? joe: i have been working on these names. ai -- last time i was on your show and i said it was software squared. it is the next generation of technology. if we think about the evolution of tech from mobile to internet to cloud to ai, ai is just the

next generation. what i'm seeing in the private markets, and we saw this in 2021, a lot of it was getting repetitive. you would see many payment businesses for every single purpose. but ai is going to lead every vertical into the new generation. when we think about ai and these companies, we are investing in the infrastructure layer and betting on the whole industry. we expect to see existing tech verticals like software to cyber tamir ai -- to mirror ai and drive the next leg of growth. ed: what is going to be keeping you busy in 2024? whether it is the medically or you are just under pressure to find some exit somewhere from your existing portfolio. joe: we have several companies in the financial pipeline.

we expect them to file in 2024 and 2025. when we look at new opportunities there are two strategies. one is a lot of secondary opportunities. some of the early shareholders like the cash out. they had been in the company for 10 to 15 years. vc's seek exits because the companies are being shut down and they want their capital returned. it creates a lot of opportunity for secondary focused funds to be able to find some value in private markets. secondarily, ai. we think ai is the driver of growth. as we go for the new business cycle it is already done. if the fed begins to cut and equities receive more capital from allocation lps, everything is rebounding for venture. starting in 2024, it should get a lot easier. caroline: perhaps and perhaps not. joe zhao, great to have you on.

let's shift gears a little bit and go back to the world that was all the hype back in 2021. crypto. three hours capital co-founder faced questioning and the singapore court about the crypto fund's collapse, giving liquidators the best chance together information as they seek to recoup some of the billions of dollars from creditors. the court hearing this week requires them to respond to lawyers for the liquidator. ed? ed: coming up, charlotte slaiman joins us in the efforts to rein in the power that google and apple wield over the app stores. we will get back to that story about apple's antitrust action in the eu. this is "bloomberg technology." ♪

caroline: let's take another look at the shares of apple and spotify. apple is set to be hit by eu antitrust order in its fight with spotify. mark gurman joins us to discuss what seems to be everyone taking aim at the app stores. mark: today we reported the european union is going after apple about this interesting rule that apple mitigated a couple of years ago. apple for a long time did not allow outside developers to advertise lower pricing from outside the app store. the other thing that did not allow were developers like spotify to include a button in their apps or you can click the button to go to spotify's website to sign up. they made you sign up via the app store which gives apple a

30% cut. apple mitigated this in late 2021. they allowed advertisers to advertise to email and starting in 2022 allowed spotify and other reader apps, anything to do with video, cloud source like dropbox, music, magazines, books, newspaper apps, reader apps, they could finish the transactions online. now the european union is going after apple for that practice, ensuring that practice does not come back into effect and potentially the company could be fined for having done that. spotify is a european company. it has been pushing against apple's rules for some time. combined with other lawsuits we saw, epic games a couple years ago, different settlements with the japanese fair trade commission, with developers in the u.s., the app store is cracking open a little bit as is google play. the application download story on android -- store on android. ed: pretty decent expo nation of

anti-steering provisions. the fine up to 10% of global revenue. if you take this quarter or the estimate for 2023 is $40 billion potentially in fines. let's keep the conversation going on apple and talk about google after its defeat to epic games in court this week. with key legislation in europe, investigation the u.s. and the u.k., and the expected wave of follow-on suits, the pressure keeps on piling onto the tech giant which epic describes as a duopoly. we want to bring in policy director charlotte slaiman to go over what has been an incredible week in the world of antitrust. let's start with the anti-steering provisions in europe and bloomberg's report on the action against apple. what do you make of that? charlotte: this is a problem we have seen in the u.s. as well. we don't have that legislation in place. there is legislation in congress now, the open app markets act

that would address this rule that apple usually uses in the u.s. that prevents apps from being able to tell customers you can get a cheaper price if you come directly to our website. that continues to be a problem here. consumers are paying more as a result. ed: these are big stories. what is always so surprising is the lack of response in the stock or share price. i know that is not your domain. if x the question, how likely is it that the courts in the u.s. or the european commission and europe will actually follow through in making apple or google adjust policy? charlotte: i think they have been learning over time. we absolutely have seen antitrust cases in europe that have been successful until you get to the remedy stage. the remedy that they choose is not effective. competition does not really come

in. that is really frustrating from the perspective of a consumer advocate. i think that is something the enforcers are learning. those remedies can be really difficult to craft. they are learning over time so i'm hopeful they can be more effective going forward. caroline: how will they become more effective? congress has been looking into competition policy more broadly. to put it bluntly, nothing much of significance has been done. the ftc has been trying to stop certain deals going through and failing. i'm interested if you think there will be a shift from putting the right paws in place even if the courts rule up in the supreme court where epic games goes next. charlotte: i think we need to be using both of those tools. congress needs to pass the legislation that they have been working on. it is not just the open apt markets act. it's the market innovation and choice online act. there is the america act which focuses on ad technology

stacks. congress needs to work on that legislation so they can get it over the finish line. at the same time, the agencies are bringing these cases. these can both be long processes unfortunately. to move the law forward by bringing case after case it can take a long time. it makes perfect sense that the agency would lose the first few cases. this is a strategy the ftc and doj have used in the past in other areas in pharmaceuticals, and hospital mergers. they are slowly improving the law. that is why congress needs to jump in. we cannot wait for that long process of bringing case after case to show fruit. we need to move now. caroline: do you think business models will change or legislation in the eu? south korea was 2021 when they have the first law to require other payment systems within the app stores. charlotte: that's another example where i'm hopeful some

learning will take place. apple was able to make some small changes but still prevent competition from coming in. yes, i think these companies may sometimes as they make changes for one jurisdiction may find it more efficient to make changes across the globe, or they may not. it is also on the other jurisdiction's governments and consumers to notice. this is what i'm hoping american consumers notice. wait a minute. eu consumers are getting the benefits of competition. they are getting lower prices, better products, easier access and fight for that for ourselves. caroline: i want to thank you, public knowledge competition director charlotte slaiman. interesting take on what has been a fast week when it comes to competition. let's go out to germany right now. openai is being granted

the right to use information from news sites. it is part of a deal announced today. openai will pay for articles and other content from the publications. european properties like blue and devled. -- develt. ed: we will dive into augmented reality and discuss how squint is developing the tools to take a are to another level. our conversation with devin bhusha's next. this is "bloomberg technology." ♪

caroline: bitedance backing away from pico's efforts on an updated version of the headset. this -- ed: meta and tencent are teaming up on a headset in china. that's a good segue into augmented reality. our next guest founded a company that uses ar to help monetize tasks in the manufacturing industry. he joins us with more. devin bhusha, ceo of squint that announced a $13 million series a

funding round. the use case is fascinating. what is it that is unique about the technology? what is it you do? devin: thanks for having me. great to be here. squint is an augmented reality product that lets you create a how-to guide for every machine on the factory floor. manufacturing today is going through really high turnover. they are having to hire more workers than they ever have. traditionally, the way they train workers was they would actually pair them with an experienced operator. that person would look over their shoulder and guide them through the process as they work. this would take weeks. this does not scale as you hire more people. that is were squint comes in. it's the app that lives in the new operator's hands and lets them pointed at a machine and it recognizes what they are looking at and guides them through the process as if they were the expert themselves.

now they can do it without help from that experienced -- ed: you are not a maker of a headset. you are providing a very specific software platform to make best use of the headset. devin: exactly. squint works on any phone or tablet today. manufacturers can pull it up instantly and basically go through the process and make any operator and expert. caroline: you have a pretty lean teen when it comes to building this software and technology. i'm interested in what you do with this capital. where do you need to be driving now? you have a lot of well-known customers. devin: we are really excited that we raised the series a. we are now looking to invest in market efforts and are product and design board -- work. we are thrilled to grow the footprint of impact we have created with our customers. caroline: how expensive his talent now to get for squint?

is that one of the top costs right now? devin: yeah. talent is always a hard thing to procure, especially in the bay area. with squint the attraction of working on new technology like this is a big help. when we work with customers we repeatedly hear they have cut their training time in half. that is attractive to new talent in silicon valley. ed: squint is a developer. i wonder how much of a constraint the hardware is. are you technology agnostic whether you or customers use devices that are ios or android? how does it work and practice inside of a customer's factory? devin: we are technology agnostic. this works on an ios tablet or android tablet or phone. the way it really works is i will give you an example. a couple of weeks ago i was in a large food and beverage manufacturer. ed: which one? devin: i can't say.

they had a robot arm that only one expert new how to use. i was only there for a couple of hours. we walked up to this arm. i made a map in squint. this takes about a minute. ditches uses the camera with no additional expertise required. i filmed the video of the operator doing their job. we pulled in their hr manager, literally someone who was never used a machine before. they used squint and were able to perform the procedure at the same quality as the expert in minutes. caroline: therein lies the selling point for squint. thank you so much, ceo devin bhusha. that does it for this edition of "bloomberg technology." ed: it's been a busy, wild week from ai to antitrust. a lot to recap on the podcast. wherever you get it, apple, spotify, everyday we publish it to the bloomberg platform. the show was also a youtube on the bloomberg technology youtube

account. from san francisco and new york city, this is "bloomberg technology." ♪ ♪ the first time you made a sale online with godaddy was also the first time you heard of a town named dinosaur, colorado. we just got an order from dinosaur, colorado. start an easy to build, powerful website for free with a partner that always puts you first. start for free at godaddy.com

the power goes out, and we still have wifi to do our homework. with a partner thand that's a good thing?. great in my book. who are you? no power? no problem. introducing storm-ready wifi. now you can stay reliably connected through power outages with unlimited cellular data and up to 4 hours of battery back-up. plus, now through december 31st, eligible xfinity rewards members can get 25% off a storm ready wifi device.

scarlet: welcome to bloomberg markets. let's get a check of the markets. s&p 500 up for a fifth straight day, holding near the highs it almost two years. we are seeing stocks in a holding pattern before the fed decision and release of all the new economic projections. you are seeing a rally in treasuries across the curb. the two-year yield comes down. ten-year comes down four basis points.