>> from the heart of where innovation, money and power can lied in silicon valley and beyond, this is bloomberg's out -- bloomberg technology with caroline hyde and ed ludlow. caroline: i am caroline hyde in new york. ed: i am ed ludlow in san francisco and this is bloomberg technology. caroline: cisco shares under pressure after delivering a disappointing outlook with plans to cut thousands of jobs. ed: coinbase earnings out after

the bell but shares have jumped after receiving an upgrade. bitcoin holding above $52,000. caroline: hedge funds buying into some of the biggest names in tech. amazon, intel and nvidia among the favorites. they will include the winners and losers. first llama -- first, let us check in on a key loser. temenos in europe says that it is confident in the strength of their operations and financial cats position as well after a short note was put out. six is the benchmark manager and it is time and knows is -- temenos is suspended from training. let us get back to the macro picture aside from what is happening in europe. we are off by .2% with big names coming off of a record high. the two year -- year yields

diving as we get retail data. retail sales falling a little bit lower than what has been anticipated. maybe the fed does cut. we are looking at dollar versus japanese yen. all of the g10 currencies. notable against the yen. this is for japanese economy is falling into a reception. let us look at what is happening in the world of crypto because we are going to dive so much more into the ecosystem later in the show. but we are coming off of the high, $52,000 when it comes to the og of bitcoin. ed: let us start with cisco cutting jobs. cisco is revising its full-year guidance. the story, customers are worried about the economy and pulling back on network spending. we will get more details and cisco has knocked down as much

as it had been. alphabet also interesting. one of the big movers to the downside. the information is reporting that openai is working on its own search powered buy, not drawing a direct link but there seems to be some pressure from that story. nvidia, one of the stories of the 13 and -- 13f situation, they are putting a lot of money into the ecosystem. amazon has put that there. because the last time i checked nvidia jumped above amazon. it is a pretty close run raise but when you can player them in terms of revenue it is such a fantastic start story and with nvidia earnings that is one where we have to thanks about the valuation. and the other one aftermarket. the gig economy has been the story. it is up .1 .75%. does it benefit from uber and lyft in the last seven days? caroline: that is what we have

to focus in on. we have the perfect guests to talk to us about the earnings yet to come. mark is joining us on the array that has been intact. push us forward. it seems as though the consumer is resilient as some of the gig economy is resilient. mark: i think that is correct. that is what we learn from uber and left. -- lyft. you have to focus on two things, consumer demand dynamics and also the supply dynamics. but the breakthroughs that were sort of equally positive. both talked about 25 to 30% rise in number of drivers on a year-to-year basis. drivers and carriers in the case of uber eats and uber delivery. and that is for a variety of reasons. i do think the services become better working experiences.

there has been a lot of technical improvements from the couriers and the drivers and there is better paid to be had. and all of that should come through and we should be available in the doordash numbers of forward your guidance. companies are served to gear -- arc serving to give that. the ultimo -- the ultimate trend is good for doordash and these economies are very good for doordash. ed: that is one story -- there is the one story that everybody has been talking about. have a listen to this. >> look at the growth and fundamentals and to be clear, this was a bad error but 10 in a press release. and a lot of other pages and of course it was corrected within seconds of finding it. like with any mistake it is not so much about the mistake itself but how you correct for it we

have corrected in the moment. and we did a really deep dive including having our own separate team look and figure out how to make sure we do not make this mistake again. ed: that was the lyft ceo talking to us yesterday. have you ever seen anyone -- anything like that in your career? mark: i have not, and i remember looking at the press release and the guided expansion and having the ceo -- the cfo talk about it and i said wait a moment there is a problem here. but it is a mistake and i think his comments were right which is we all make mistakes and that is not terribly interesting. what is interesting is how people reacted to it, they made a mistake and corrected it but they did a decent job of doing that. it is unfortunate that the market at the end of the day went through this in the margins are improving. and the demand checks are better

and they are focusing on free cash flow. that is -- there is a probability inflection point. all of these businesses if you give them enough scale and revenue growth they will get the profitability. people were uncertainty when the ipo's lifted uber, and more in certain during covid but these companies have grown, their bases have built up in the driver supplies improved and the consumer demand improved. through all of that profits are starting to show up and investors are reacting positively. caroline: shares did not match -- did not react come from -- comfortably to airbnb and you are looking at that to see if it is a long-term bet or not because it does see cooling in demand. mark: it is the highest multiple stock, trading 35 times earnings. i do prefer bkng and expedia to

airbnb. these results were fine. we thought that they would have to warn about the march quarter, they did. you pull forward demand at the beginning of 2023 and you just have to remember and watch the pull forward of demand because everybody wanted to travel. this was by western standards, high inflation environment because people booked early to avoid price spikes. they did not happen. people were concerned about and you saw the cfo talking about tough times. i think airbnb is fine. caroline: a technical difficulty. ed: oh, you are back. mark: that is the olympics and airbnb will do that. ed: we lost you for a second and that allowed me to look at my bloomberg terminal. alphabet is the biggest drag on the nasdaq 100. the biggest story they are

reporting is that open i -- openai is coming with its own search. the stock seems to be reacting. what do you make of that? alphabet is a company that you cover. mark: i would be surprised if openai with the integrated search engine would really take away search share from google. you would have to do a lot of things to take away search share from google. you would have to come up with a better search product. google will trade off of 3% just based off of that. i think that correction will be corrected. there is more competition arguably now for google search. i think it has continued to approve and i think these gemini features that they are rolling out will improve. i will take the 3% correction on market share with google. ed: we have 30 seconds. of the joy norma's universe of tech companies, who won the

earnings. so far? mark: amazon and met up. everybody is standing -- is spending more on meta-. meta looks like a well-positioned company in stock. ed: as i said, a massive unit force -- universe of different technology companies which is why like having you on the show. cisco becomes the latest tech company to undergo layoffs with its own plan to cut thousands of jobs. we will take a close look at their guidance. another story you are watching? caroline: going back to where we started. doordash on the up and up. will results get a boost for non-restaurants? that is what is being questioned in our bloomberg preview. they reporting fourth-quarter results after the report from movable -- from uber. market pace -- marketplace gross value estimate is billions of

dollars. this is bloomberg technology. ♪ the first time you made a sale onlinodad 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

>> cisco is the backbone of the internet. and the routers, network server and businesses and switches are important to bringing in cash flow. the future is in services. ed: that was david, the cio of the barnes in group. things did not transpire that way. he was speaking 24 hours ago but last night cisco out with negative news, cutting headcount by 5%, revising their full-year guidance and saying the

customers are worried about the economy and pulling back on spending. at the same time that ripple effect is not there. i want to bring forward brody forward. that is the story. the difference between networking and infrastructure, cisco is not quite there yet. >> yes. i think this is a song that we heard before that corporate customers are worried. cisco said that they bought all of this stuff over the last couple of quarters, infrastructure for servers and internet and are saying let me install all of this stuff before i buy more because that looming recession could still be there. the corporate i.t. budgets, as much as people say they are coming back, it is clear that folks are still anxious. caroline: what is interesting is that they missed and the stock fell and chuck robbins and said i wish i could blame the rep -- the macro.

and he is not blaming the acquisition that they made. brody: absolutely. $28 billion first blanche. -- for splunk. that companies will say that mergers do not cause job reductions and it seems like they usually do. they are about to bring in a couple of thousand workers and there will be overlap. most people say this is preempting some of the overlap or an environment where companies want to keep profits as high as they can. i would expect part of this is because of that acquisition. caroline: they might be laying off workers or just reacting to how the market is. if they are blaming macro, people have just sat on a lot of gear and they have not deployed it. brody: hardware takes time to install. there was a period with all of these backlogs and people could net get the things that they

needed like routers or computers. that eased up and people started buying saying let me get that while i can. they are sitting on a lot of this stuff and they are not willing to buy more according to the narrative from last night. ed: the numbers are that they have revised the four year sales guidance down by 2% -- two to $3 billion. so, it is not severe, but it does not inspire confidence. tell us about the partnership with nvidia, because there is some optimism that that might plot them forward. brody: there is some optimism, that i will also say that if i wanted to count off all of the companies i have heard of with products with nvidia i would not have fingers. it is hard to tell how much uplift. ed: oh, brody ford you are right. brody: in the networking space cisco has been on quested -- in question.

we have another merger coming hpe and juniper and they say they are doing this to take on cisco. that will take a number of quarters to see if that really hurts them or not, but that is another wrinkle that there is a looming competitive concern. one more thing to consider. maybe nvidia cannot save them. caroline: nvidia not to the rescue. it has been to the rescue for a certain number of shareholders. we always enjoy to have you on the show. coming up, ai start up lambda is down to $1.5 billion valuation. it stephen -- it ceo will be joining us next, but you have something to look ahead to. ed: supermicro, the stock is now up 236%. 9% in the session. bank of america initiating coverage with a buy rating of a 100 40,000 price target -- 140,000 price target. this is everything cisco is not

apart from the ai accelerator. they are a real beneficiary of the infrastructure build and they have massively outperformed every index by many factors. this is what we want to talk about more. this is bloomberg technology.

caroline: time for talking tech. a spacex rocket blasted off in the middle the night aiming to make the first touchdown of a u.s.-made spacecraft on the moon. the spacecraft was built in houston and is based on initiative machines and will make a touchdown attempt on february 22. a chipmaker agreed to buy altium, the biggest outcome yet.

now a toyota supplier is looking to lower its reliance on making automotive chips. taiwan's stock benchmark search to his highest -- to its highest record number on ai outlooks. they reported january sales rose. it is proposed -- per polling -- propelling them to a market record enough to surpass visa as the 12th most valuable company. ed: lambda, which provides cloud computing services and computers to train ia -- ia software is announcing $300 million valuing the company at $1.5 billion. the financing was led by inhibitive -- inhibitive technology as well as bloomberg beta, the venture capital arm of bloomberg, and the parent

company of bloomberg television. let us bring in the ceo. let us go back to basics, what do you build and what do you offer? stephen: lambda is an ai computer platform with gp servers, workstations and cloud services that we provide to ai developers. ed: this money is a significant seed. we have done a lot about the build up on ai infrastructure and we are talking about designs going into data centers run by hyper scalers. what are you going to do with that cash? stephen: we are going to be deploying nvidia into our data center and provide those gpu's as part of our cloud service. caroline: go back to the origin story. this is an interesting one. you are not always in this game. you were making facial recognition technology and ways in which i could augment my fight -- my face via ai and then

your own bills for cloud consumption got too high. tell us that. stephen: lambda started off as image and face recognition company and we were ai engineers and we got a high cloud service bill and we figured you know what, it was more cost effective for us to redesign and reimagine what an ai cloud should look like in the age of changing and interfacing with neural networks and that is how we pivoted to the business we are in today. caroline: i want to understand competitors versus frenimies. i find it hard to get to grips with who your services are and clients are that ultimately you will be in competition with. tell us how you think the lay of the land will look like? stephen: lambda's customers

include trillion dollar market cap fortune 500 companies, companies that are major enterprises like record 10 who are -- rakuton who are integrating and any scale. we primarily provide and cater towards the ai developer. and that is who we have been basically providing services to. ed: i am just really interested on the hardware side. so, i am assuming that you guys are building out the infrastructure with the broader server design. what is happening right now in 2024 remarkably quickly is that we are moving from this focus on training to inference and understanding the energy compute load. do you then start looking elsewhere like amd and the ai 300x, and how do you transition your own footprint? stephen: today lambda is

exclusively providing gpus. the reason is that is what the market is demanding. it is simple. we are a compute provider that technically speaking and from our software architecture and platform is agnostic to what the underlying accelerator platform is. but, so far today we have been here nvidia. -- pure nvidia. ed: let us look at the valuation and the money raised. valuation is high, talk to me about the reality of your business from a revenue generation standpoint. which markets you operate in outside of north america and the number of customers you have. we are learning about you and saying it sounds like you are a key part of the system. stephen: lambda has been under

the radar but we have over 10,000 customers. in fiscal year 2022 we did $100 million of shipped revenue and last year 200 million dollars we already have a substantial business. in terms of valuation you are looking at revenue multiples and probably thinking that is reasonable given the growth and customer base and sheer amount of revenue. caroline: the lambda ceo. thank you for your time on the talks and what you are going to be deploying. meanwhile we will be talking about the previous hype cycle, crypto. the etf's and so much more. robert will be with us who has a crypto analyst at pitch book which is out with a new report. meanwhile we will focus in on the shares again. this is a software solutions company in switzerland that had a market cap well above the $4.7 billion. this is coming off by 30%.

it is a hindenburg short note and they are refuting it. down the most in 21 years. it says it is fundamentally refuting the report published by hindenburg research and saying that there are misleading and false allegations. this is bloomberg technology. ♪ when you automate sales tax with avalara, you don't have to worry about things like changing tax rates or filing returns. avalarahhh ahhh

caroline: welcome back to bloomberg technology. i am caroline hyde in new york. ed: i want to focus in on crypto and bitcoin. above 52 u.s. dollars for token. there is momentum from the lunar new year and a concentration on the data around it lows -- net flows and the etf's available. some people are thinking about the imminent halving in april. we have been at that level for a few days and that has been

interesting. that is on the pure interest asset. on the equity side we have zeroed in on coinbase because it reports aftermarket. there is an expectation that wall street might be surprised with profit. i always look at the chart and there is quite clearly a close correlation at the moment between the trading we see in coinbase, the movement in bitcoin but jp morgan is bearish on coinbase ditched a short-lived call. i want to bring in kailey leinz. that for me is a lot of different stories but coinbase is really in focus today. kailey: to your point about how short-lived it was, it was made on january 23 saying that coinbase would suffer because enthusiasm would deflate leading to lower volumes and lower revenue. what we have seen and you were speaking of it that we saw a

rally not just in bitcoin but ethereum. bitcoin is above 50 $2000 and jp morgan is saying as you have higher prices that will translate into better businesses because the higher volumes you have, the more activity and value you have deriving a fee based on volume adding up to a more positive earnings picture. we will have detail onto what it really looks like after the bell. as you said, most analysts expect that coinbase will post a loss. the average is $60 million or so. there are some that we could think -- that we could see a surprise profit. so, we will see if we are indeed surprised come a few hours from now. ed: one of the hosts of bloomberg crypto, which is a show you need to be plugged into. great to catch up with you. what have you got? caroline: sec check. he sat down with david westin to

explain his reasoning behind all of those approvals of the bitcoin etf's. >> several years ago back in 2021 there was a product that went live, so to speak. an exchange traded fund wrapped around bitcoin futures. and then a different set of products came to us. and asked to list on the stock exchanges. while we had denied two dozen of these over five years, a court in washington said no, they thought we had not gotten that right and they remanded it back. i thought the really most sustainable thing was to approve these have in the court ruling. in terms of statistics, we really do look at and ensure as best as we can that there is not fraud normally -- or manipulation. one of the challenges on the

bitcoin market is that so much is traded on trading platforms that are noncompliant with our laws. now bitcoin is not a security. but they are trading on those platforms a lot of other crypto tokens. without prejudging anyone, you have to be careful. with hundreds of other crypto tokens, there are likely other security is and we are in court in a number of these cases in front of various judges and panels. and the american public, when you are investing in something like bitcoin to be aware when it is a highly speculative asset, number two, it is generally trading on some plat form not fully compliant with the security laws for other things that they are doing. and number three, i would mention think about what use case. what is the actual use case when

you are buying 100 shares of stock, you know what is behind the company, what it is. caroline: sec chair gary gensler. we can stick to all things bitcoin. the etf's and approvals that have gotten some optimism throughout the entire crypto ecosystem and there has been an uptick in funding. i am pleased to say that pitchbook's fourth-quarter outlook is here. let us pick up where gary left off because you highlight within the report some of the regulatory uncertainties that handed -- that hangover crypto native exchanges, and i'm talking about the particularly decentralized one. how does that help optimism and help see them grow? robert: look, investors have looked at these centralized exchanges and see what has happened over the last 18 months. all of the -- a lot of the bad

actors have been flushed out. are there others? possibly. investors feel more confident in how they can assess and diligence the bad actors. they really have to talk to us to do that now. we know that regulation will come and that is the big challenge in the u.s.. the last time we spoke i said the regulation arbitrage is not there yet. you are starting to see that now. the longer we have this regulatory uncertainty we will start see more innovation move abroad. you speak to investors and you look at the big investments, they happen outside of the u.s.. investors are traveling the world. they are not sitting in san francisco having clients come into their offices, not in the crypto space. they are going to conferences in europe and asia. that is what you are seeing. the regulation will be a difficult aspect and a big concern in the u.s..

if the legislation does not happen than the regulators do not get their act together here that investors will find opportunities elsewhere. caroline: the opportunities finding abroad and in new york as chris dixon would like to say, what sort of things are being built? it feels like a lot of it is back on bitcoin, but about making it scalable. robert: we did this in the research, that layer 2 from bitcoin is a pretty interesting phenomenon. a lot of development in the last year, so we are seeing investments happen as well. bitcoin historically was just a digital store of value and maybe something for payments. and now you are seeing things that enable programmability and turning bitcoin into a completing -- computing platform. you can have all of these platforms built on it. so we are starting to see that

come to the space. this year with the bitcoin etf happening in april and bitcoin becoming a computing platform, that is a strong case. ed: we are in the middle of1q, and in the context of money flowing into the crypto industry we focus so much on how tough it was last year. are you seeing green shoots in 1q about the trajectory and vc backing? robert: i think what you will see in the next cycle is what are the real world use cases for crypto. we are looking and see a lot of tokenization, and we talked about that in the past. we talked about physical infrastructure, that is an area with a lot of investments especially with ai training and using computer prop -- compute

power to do that and together ai and they raised a huge $100 million plus round last quarter. they also incentivized marketplaces, that used tokens like a brain trust to let users come on and have tokens to facilitate the way they interact online. you will start seeing a lot of that and you've seen a lot of investments in that and that is what investors focus on. these are more durable and then they have scalability. ed: robert, great to have you on the program. coming up, we will discuss how one platform is helping hourly employees access their childcare stuff -- subsidies. the ceo joins us next, this is bloomberg technology. ♪

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caroline: tackling the maze that is government childcare subsidies now with the help of a platform. this platform is promising to do that have enclosed a $3 million round. it ceo joins us for more. so, just go through how hard the problem is and how a saas problem -- platform fixes a. siran: let us talk about childcare and work. the top reason that parents quick there -- quit their jobs were cut back is childcare. 40% of parents are in debt over childcare. when we zoom out to that tangled web, we are talking about billions of dollars allocated each year to help low income families access the childcare that they need.

and yet only 20% of those families are getting those dollars. so, what is happening? it is really varied and fragmented across the come -- across the country. a family of four in new york making 65 k a year to have access to a government subsidy. that same family in pennsylvania would not. the family here in new york can use those subsidies to pay grandma so if you work the night shift that is pretty critical. but a family in ohio would not be able to. so, when it comes to a nationwide employer trying to solve this for their employees, it is such a tangled web. it is hard. caroline: tell us a little bit about who is using this platform already. siran: yes. we are excited to be working with a global foods nervous company supporting their -- service company supporting their hourly workers. this means the impact is huge.

for a worker who makes 35 k a year on average the extra $10,000 or so in government childcare subsidy is life-changing. ed: getting publicly available funds is so difficult and so many different industries. there are specialist firms that only backed companies like yours that do this. how does the technology work and how is your platform able to expedite something that everybody knows moves painfully slowly? siran: at the core, for families we make it dutifully simple, brutally simple. we take a few easy pieces of information like how many kids you have and how old they are, what is the number of folks in your household. what is your household income, and then based on where they live can point very specifically what the eligible programs are

and then we, through the beauty of saas make it as easy as possible to apply. our dream is one click and like checking out online. caroline: you have the backing to prove it with the $3.3 million coming from firework ventures as well. we thank you for the time. meanwhile, let us stick with technology's impact on families. this time kids and smartphones. what started as a group for local parents who wanted to hold off on buying their kid smartphones has turned into a national movement in the united kingdom amassing thousands of like-minded parents and 50 regional groups. joining us now is one of the founders of smartphone free childhood as it is called. so, clara, i am interested in your driver, you must have kids of a certain age demanding smartphones and you are trying to find a way of navigating that. claire: exactly.

i have a seven and nine-year-old. and i was becoming increasingly horrified about the fact that in a couple of years the norm is that my daughter will get a smartphone. and i felt like this is all of the evidence telling me that this will not be good for her and this is what everybody does and i felt like this was not something that i wanted to do. so i set up a group over a week ago there were two of us and we thought it would be us and we would kind of share tips and resources and get some solidarity. and as you said it has gone viral. thousands of people joined overnight. and we have realized that we are not allowed in feeling like this. and a lot of people are worried about this and they really want to talk about it. caroline: the leading stat is almost 100% of 12-year-olds have a smartphone. i wonder what you think you can

achieve, using technology to fend off technological use by your children. what will you say to the investors who listen or those backing apple to keep selling smartphones or social media to target all age ranges? clare: i think is what i am saying is it is absolutely fine for children to have a phone but investment needs to be put into a brick or dumb phone for children. smartphones are not good for them. we have enough data because the people who bought smartphones as children and who are adults and we know that the younger the child gets a smartphone the harder there -- the worse their mental health is. they need to focus on getting really cool brick phones for children that they can text or call on and they do not do more than that. from my perspective the only reason a child needs a smartphone and -- that is because everyone else has one. ed: i am not a parent, yet. i was once a child, believe it

or not. what i am struggling with is what is the principal concern. is it the hours of usage or the risk that the parents feel their children are exposed to because, simply, a smartphone gives access to the internet? clare: i think there are three main risks. number one is the impact it has on mental health. it triggers anxiety. using smartphones we know it has a range of impacts on well-being. it is about the opportunity cost. the things that children are not doing. in recent years we have switched from a play-based childhood to a screen-based childhood. if they have the choice between playing outside and a screen they go for the screen. it is the things that they are not doing. and it is also the huge amount of content that they are opened up to which they are not ready for. they are now seeing the most shocking things on smartphones.

and i think that parents are not aware of what their children are looking at. and they are seeing images that they cannot un-see. ed: i would note that if it is an iphone or samsung phone there are very clear parental control instructions on the websites that parents can use. caroline did a good job of setting up the movement and incredible what you have done. as anyone in the government or a representative from apple or samsung reached out to try and work with you on this? clare: we have had a lot of mp's coming forward, so politicians from the u.k. wanting to talk about it. we have not had any tech companies get in touch. what we want to do his work with the tech companies and say this is a great opportunity to design a cool found that every 12-year-old wants and it does not need to have internet. it can be a cool whatever brand you want. but at this moment you have not

had anyone reach out. what we are doing is just empowering parents. we want the change to come from parents and we believe that schools, governments and tech companies will follow. caroline: i cannot tell you how much of our time is taken up discussing among friends about what to do about this at the moment in this critical ages of children. faceted eating -- fascinating to bring it to your attention. we thank you. now, off you go. ed: filings dropped and hedge funds still want in on big tech. this is bloomberg technology. ♪

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ed: 13 f filings reveal that hedge funds bought into the big tech names to chase a scorching rally fueled by growth in ai. you look across the headlines in the data, which tech names were hot and which were not? >> amazon, nvidia, intel. these were some of the most popular buys that we saw, nearly 15 million shares of amazon bought in the last quarter.

meta one of the least popular, a lot more selling. that might be more because of portfolio management with people wanting to reduce their position if the stock did well or taking profit. it might not necessarily be bullish. nike and pfizer are also popular. caroline: interestingly we have seen some other cells and big share reaction on the back of it. rick sharga hathaway selling down and paramount more broadly. where is the force of direction going across all of the board? is there any theme that we have seen? herma: generally a pushing into the market with more interest in some of the big stocks. a lot of the household names that we know and we talk about a lot. you are seeing, if you look at a portfolio there was a decent amount of rotation. they took 29 and sold 15. sales photos -- salesforce is

one of their big buys. that is sizable. they took a new state in apple. if we look at tiger global not a whole lot of activity. disparity is seen between different firms and how they examine the space. they bought bank two new stocks in the ones they bought were gelled -- were relatively small stakes. ed: real quick, what is going on with viking? herma: they do tech stocks and they did something interesting. they got out of meta entirely. it was a pretty sizable move. they ramped up their position input -- in progressive so they do nontax stuff. so another significant uptick. caroline: we love how you break it down for us. maybe some needed to revalue -- rebalance up her folio. great to have you with us. nvidia was not only bought it is after -- but it is also having to file its own 13f.

ed: it is putting billions of dollars into private markets. it has been very active. caroline: that does it for this edition of bloomberg technology. ed: a recap on the podcast wherever you get your podcast. this is -- we are everywhere. this is bloomberg technology. ♪ thanks to avalara, we can calculate sales tax automatically. avalarahhhhhh what if tax rates change? ahhhhhh filing sales tax returns? ahhhhhh business license guidance? ahhhhhh -cross-border sales? -ahhhhhh -item classification? -ahhhhhh does it connect with acc...? ahhhhhh ahhhhhh ahhhhhh

welcome to bloomberg markets it has been the biggest slow down retail sales lawyer. we have the s&p holding onto gains of .2%. but the tech heavy version is