matt: 38 into the trading day. -- 38 minutes into the trading day. sonali: turning citizens kicks in. tesla and alphabet test ai demand. matt: kamala harris' campaign picks up steam as endorsements and record-breaking donations

pour in. katie: we will survey the investment landscape with guggenheim's anne walsh . you take a look and the s&p 500 rallying. the s&p 500 of .2%, outpacing big tech and the nasdaq 100 come up .1%. the bond market quiet right now. 10 year yields down to basis points. matt: that is an important level to watch. we are getting economic news. take a look at your bloomberg terminal. you will see existing home sales coming at 3.8 9 million, looking for three .9 8 million, a little bit lower than expected. but probably more important than any of the data we will get is the ups earnings report. katie: that is one stop we are watching.

ups shares tumbling from the most since october 2008, a very bad time after reporting a profit well short of the wall street expectations. joining us is our senior logistics analyst. worst day since october 2008. was it really that bad? lee: the expectations going into the second quarter weren't great because everyone knew there were headwinds acing the company as it relates to the new labor agreement with the teamster at which the anniversary is on august 1. that being said, demand was not as good and ups was apparently hit by lower yielding and lower profitable freight. they have definitely seen a trade down where seven who might have shipped something via air went ground and maybe they are

using the share post which is more of an economy product and all the products have lower yields which definitely impacted at the top line. i think sentiment is really low on ups, which is the old saying, it is darkest before the dawn. going into the second half of the year, a lot of things that could go ups's way if demand comes along. it is all about consumer demand and economic activity. sonali: because there is such a big if, what do the earnings say about everything else, given that they are such a bellwether? lee: the good news is the domestic operations which are really in the u.s. and that has seen volume growth positively for the first time in 10

quarters. that obviously to us is telling us that may be the worst is over for them on the demand side and on the international side they noted that a number of markets were starting to see growth again, especially as it relates to asia. these are incremental net positives. the company also increased confidence by reinstating the share purchase program and will buy that 500 million in the second half of the year and maybe a billion after that which is a step in the right direction. some of that is driven by plans to divest some businesses. that is expected to free up cash they are probably using towards the buybacks. the big takeaway here is that margins are just not going to be as good as they originally

thought and some of that has to do with higher labor costs and maybe the product mix is not where they thought it was going to be three or six months ago. matt: thank you very much. talking about ups earnings missed and shares it. earnings season is in full swing and election is rising as well. joining us is anne walsh. let me ask you about, it seems like what lee was telling us was that ups as a bellwether, the shipping volumes aren't as bad. it is a margin problem they are having. i know you expect the economy to slow down so what is your view on gdp and growth? anne: thanks for having me here. i am excited for the new format

so congratulations. we are more pessimistic i guess would be the right word with regard to where the economy is going. we think it will be slower than most of the peers and industry believe. looking for gdp coming in the second half of the year moving into the 1.6 21.89 level relative to the -- 1.6 to the 1.89 level relative to the 2.0. those with access to capital and with larger businesses and the wealth class relative to the other part of the economy which is small and mid sized businesses which make up 50% of the economy and also income earners in the lower 50% bracket . this is a very different economy between the two. katie: that bifurcated economy

work into the markets? we have spoke to investors who say quality, quality, quality or does that hold any fixed income market? anne: absolutely, and it is the place to be. when the fed raised rates they put the income back and fixed income. higher credit quality asked income in particular at this juncture is a good place to hang out. you are getting well-paid for being in the more conservative end of fixed income markets. and little risk from spread widening. fundamentals are very strong in corporate america. even within high credit quality in the high-yield market, you can still get paid a nice yield for not a lot of risk. sonali: what about the lower end? you see people coming to market with riskier deals and the demand is insatiable. do you think investors are

ignoring a lot of the risks out there? anne: again, in this bifurcated economy, those in the triple see rated category -- triple c rated category is where it is going to be from potentially. excess capital, we don't -- access to capital, we don't talk about the fed continuing the connotative tightening. the quiddity has been strong, fiscal spending has been strong and cap liquidity hi. as liquidity -- liquidity -- strong and has kept high. katie: he said the income is back in fixed income. but when you think about a portfolio, maybe income is back but is that touching, buffer that bonds typically play in haven situations, is that back? anne: i believe it is.

frankly, the balance between the equity market relative to fixed income, that is an important place to be thinking about, diversification. equities have been strong, the s&p 500 performance has been excellent but has been highly concentrated. lately we have made a big deal in the markets with regard to the fact there has been some broadening out but there is still risk their, at the same risk that affects the triple c part of the income market also affects the small and mid sized businesses and that were broadened out rocket compared to the magnificent seven. it is important and that is why fixed income has a role to play in a blended portfolio. sonali: if the large caps have really been the comfortable lace

for so many investors to be, does the fixed income story translate into the broadening? do you buy that for small and midsize companies given the worries investors have about the profitability, leverage and the worry you have been mentioning about a slowing economy? anne: we have to realize something that is happened differently in the u.s. capital markets over the last decade and that is the movement from a public market to a private capital markets. as a result, a lot of that risk has been shifted. small and midsized borrowers are reliant on banks and banks are suffering more in this inverted yield curve environment and from this potential risk area from the very tight conditions that are existing with the fed continuing to remain higher for longer. katie: we are just getting started and you are sticking with us. less look at what is moving -- let's look at what is moving in the markets we are joined now by

abigail doolittle. abigail: you were talking about ge, up 5.63%. they put up the big earnings and also on aerospace strength. the downside, ups down 12%, the worst day since 2008. they missed by 10% on the top and bottom and seeing an unfortunate mix of weaker demand and rising costs. let's look at what is working. coca-cola of 1%, boosted on higher prices. philip morris up 2.7% were also beating and on smoke-free products. big earnings after the bell, tesla and alphabet reporting after the bell. tesla down 1% but this is ridiculous. the stock is now almost a double

from the april lows. the pressure is on. will they deliver? alphabet up .6%. matt: i was looking at all of the carmakers from september 2022 and i put a chart together porsche, which is why i chose september of 2022 when they ipo versus mercedes, bmw, ford, general motors. porsche has underperformed everyone but at least it has made gains. if you look at tesla since september 2022. by the way, i swear i made the chart. katie: we can see it. matt: in any case, tesla is down in that period. at least on the other carmakers. abigail: it has a history of doing that. going back to 2010, on many thousands of point increase. matt: that is a good point.

thank you for that. we will show you that chart at some point. up next, more with anne walsh. baby list surpasses $4 billion in revenue. we will speak with natalie gordon, the ceo of babylist. this is bloomberg. ♪ all-day energy starts with clean hydration. lmnt. more electrolytes. zero sugar. you feel the difference when you get it right. stay salty.

>> in the days and weeks ahead i, together with you, will do everything to unite our democratic party, unite our nation and to win this election. katie: that was vice president

kamala harris speaking last night at a campaign event two staffers in wilmington, delaware. she is hitting the trail in earnest today and is scheduled to speak in milwaukee in a bit. joining us is the host of the big take podcast. we have a headline crossing in the last few minutes that josh shapiro, mark kelly leading for potential vp picks for kamala harris. who are people talking about as potentials? >> this is a governor have a list. you mentioned josh shapiro, roy cooper, andy beshear of kentucky, gretchen witmer took yourself out of the running it yesterday and spoke to a local affiliate and said she is not interested in leaving her home state to become the vice president. we know eric holder, the former administration is moving up

front. remember, donald trump did not pick is running mate into the first day of the convention and we are still a few weeks out and that is when she could pick her running mate. matt: it would be amazing if two women were on the ticket and also very cool. a lot of people have floated republican names like cheney or romney. it is unlikely to happen. doesn't she really need a white christian male for the running mate? >> several of these on the list are white christian males. they are taking the time to reset and they are talking about the debate and it is the reset moment for the biden campaign to get the election and campaign kick started in a new way. that is how democrats are viewing this moment and there is an impulse in this campaign to

see this as a way to kickstart things and turn a quarter and look to perhaps younger people on the ticket this is what they will be debating as kamala harris meets with them and his the campaign trail in earnest. sonali: thanks for joining us. that is david gura. we are now will -- welcoming back anne walsh to talk about the political ramifications for the markets where there are worries that if trump were to take office than there could be an inflation force under the market. do you share that view? can yields be rising into next year and not falling? anne: if we just take one step back and think about the gravity of where we are in history, we are awash in what i would refer to as grey wands.

we had former president trump shot at and we have had the current president biden step back. this is an unprecedented time. in an otherwise large backdrop of other sorts of unprecedented economic milestones we have seen . a huge amount of fiscal spending and low unemployment world, tightening by the fed. all of this is going on and now we had the volatility made worse by the question of our policies. to your question with regard to where we are in the risk of inflation, the bond market thinks there is a risk of inflation and the policies being inflationary. as a result, the market is perceiving additional risks.

i am not entirely sure that i am convinced it is because of inflation fears but i think it is from the amount of volume we have to see get placed into the markets in the treasury space and what we are seeing is a selloff in advance of expectations and treasury issuance. this tickets are still on in washington and we are seeing fiscal spending -- speak - spigots are still on and we are seeing fiscal spending. katie: is that short-term doesn't matter and long term does with the policies being floated. how are you thinking about it as an investor? we talk about the one off moves we have seen but long-term, how are you thinking about putting this into a portfolio? anne: in the intermediate term, i think the more important information is still coming from

inflation coming down and our expectation it will continue to decline. i think we will see the core pce in line with expectations coming in better and by the end of the year substantially better relatively speaking and better than our peers are expecting. at the same time, we see gdp slowing, unemployment rising a bit. in the intermediate term, i think the fed policy will drive the markets and the fixed income space and obviously earnings and the potential slowdown in the s&p 500 and equity targets. beyond that, the number one thing i am looking at is tax policy. if trump were to win again, i think we would see de-regulation as part of the impetus there. as far as international foreign policy, obviously tariffs i think we'll have a moving effect on the markets as well. but i think taxes and deregulation on the one side, i think both parties are going to

continue to spend and we will continue to see fiscal spending. that will have an effect on how much issuance we will see. matt: i have been doing this job for 25 years and every few years somebody freaks out about the deficit and the national debt. it does massive, i realize, and we are making interest payments of more than 100 billion dollars a month and spending far more on our debt than we do on our military at this point. however, no one seems to care. steve wiseman doesn't care and add hyman doesn't care -- add ed hy doesn'tm care. does it matter? an anne: -- does it matter? anne: the sustainability of the

debt payments has not been called into question. we have had a few bottles with rating agencies but as long as the markets feel it is stable come this becomes a nonevent and that is why the other participants are saying, nothing to see here. don't look. matt: even gary shilling doesn't care. katie: people -- sonali: people are soaking up and what point does it start to close our become more closed? anne: one of the other false narratives has been that the international friends have a stop buying our treasuries. that is not true. they are still buying and as long as there remains an appetite for treasuries and as long as the u.s. dollar is the reserve currency, then it appears that we get to that world of what i call stability. it is not optimal but it is

stable. so for the time being as long as that is the backdrop, i don't see a lot of change. katie: i want to talk more about treasury issuance and a lot at the short end of the curve. that has been met by robust demand, $6 trillion in money markets. how are you think about cash right now, especially with yields? anne: i think cash is very attractive for many investors, $6 trillion in the sidelines ready to be redeployed into some other part of the market when the opportunity is right. but at 5%, it is attractive to sit there with no risk and yet get that kind of return. if you compare that to pre-covid and post financial crisis, that is extremely attractive relative to history. sonali: of the grey swans you talked about, what are you most

concerned about? anne: i am concerned about the fact that we have a very unique set of dynamics that are going on in the economy right now that we are not accustomed to seeing. normally with this timeline, we would have seen the fed's actions slow down the economy, unemployment rising. we definitely have already seen the kind of economy reaction that we would have otherwise. because of fiscal spending and the stream crosscurrents we are getting, it is creating a level of volatility that is almost unprecedented, particularly in the fixed income markets and relative to the vix, which has been for the most part pretty benign. i think it is this uncertainty that is relative to history. as investors, we tend to look for patterns. what we see is a very few of the same patterns.

it makes it very challenging to look forward and prognosticate what will happen. it makes the crystal ball very cloudy and that is one of the most challenging things about being an investor right now, is the lack of paradigm or pattern we are used to seeing. katie: really enjoyed this conversation. our thanks to anne walsh, the guggenheim investment cio. let's look at moves. starting with ups, absolutely cratering, shares down 12%, at one point the worst day since october 2 thousand eight. matt miller remembers those days very well. -- october 2008. matt miller remember those days very well. matt: it is not so much about package of volume which would be worrying for the economy but the margins at ups. are people going to pay $75 to

pack a box for you and are you using the copiers? sonali: shares of .7%. matt: -- up .7%. matt: the nasdaq is up one third of 1%.

>> one of the pieces of data today, u.s. existing home sales fell in june 1 of the slowest paces since 2010, sellers are waiting for mortgage rates to fall and buyers are bulking at stubbornly high prices. also households in america and how consumers are doing in the c-suite conversation. a platform that helps families with products and services across commerce, media and health care. the company surpassed $400 million in revenue for the first time and joining us is the ceo and founder. natalie great to have you on the

program thanks for joining us. let's talk about the kind of growth you are seeing, the company has been very popular and i guess as americans we are still having a lot of babies. talk to me about how the growth looks from your point of view? natalie: people are continuing to use baby list. the platform itself drove over $1 billion gmb so we really had this interesting vantage point on this moment in time that millions of americans are going through every year. katie: we have some breaking news i want to mention, headline crossing the terminal. the secret service director has resigned according to reporting from abc news. testifying yesterday in front of congress and resigning today, that the secret service director. a lot of scrutiny and criticism

of the secret service following donald trump's assassination. we will follow that story and bring you updates as we have it. you think about how people shop right now. especially coming out of the pandemic. it's in summary people's muscle memories to go to amazon.com for basically everything from furniture to groceries. how do you compete. natalie: when you are having a baby you make 1700 decisions. and when you think about where's the right starting point, babylist is that starting point going --. most often for the very first time. our millions of users are visiting us every single day to help them figure out what stuff they need and also to help them make other decisions that are not just the product. sonali: we are still sitting in

an era where many americans are dealing with the weight of inflation which is even harder when you have multiple mouths to feed. how do you help clients deal with this issue? natalie: we are seeing very contradictory behavior with our users as they are going through this life stage. they are really trying to save money and baby list is the best place to help them do that. they are asking for cash for diapers, for other essentials often to help with parental leave. we are also seeing them price up and so we call it parent math. they will say i will spend really up to $1000 for this product if it can be used for many years or if it will actually really solve one of those problems and give me back time. give me peace of mind. matt: i just came back from six months of parental leave.

i definitely spent a lot of time on your website. how has the funding been. you've grown now so much. how was it to get funding, how is it to be a start up in this environment. natalie: i founded babylist 13 years ago, i now have a 13-year-old. we raised the skill on $50 million. and on the series c at the end of 2021 and so we've really grown in this very sustainable way, being mostly profitable every year really self funding our growth. at a time when that was not what other companies were doing. now we are really seeing other companies trying to catch up to where we are where we have this sustainable growing business where the financials work. matt: we've been talking about ipo's because of the completely unrelated story.

do you have plans to go public and what do you look for in the market to get you there? natalie: no path for us is out of the picture. we are, -- committed to being up profitable growing company that's independent and that could be a path we look at. matt: let me ask it this way. do you think that there is demand to go public in this market? natalie: i think there is demand for some companies right now. i think the companies that are going public are very attractive and are hitting much better financial profile than companies that were going public a few years ago. i think the markets are opening -- sonali: can you talk abut a

point you are making earlier about maternity leave, people looking for more ways. that was my question. parental leave, are more people taking maternity and paternity leave as well. what are they doing for more support in their households. natalie: parents -- it is such an important time to be able to spend with your baby. those first couple of months. america actually, parents take less leave than any other country and i do think there is such an impact when fathers do take paternity leave to how they show up but it's also shown after that that they are able to show up as confident and better dads by spending that time i'm not just leaving it to the new mom. i think it's a promising trend.

katie: really enjoyed this conversation hope to keep it again soon. that is natalie gordon of babylist. another company we are keeping an eye on. general electric shares rising raising its full-year profit forecasts. after second quarter the beat expectations. larry sat down with an exclusive interview with guy johnson. let's take a listen. larry: if you look at our order book in the second quarter alone nearly 40% year-over-year. we see our utilization of the fleets, a mature fleet we power with the cm 56 that has been steady and engine that folks thought might begin to fade. our new technology on the max and airbus. that's probably up four points in terms of share. our utilization could not be higher even in third-quarter

here. we have probably 90% of our third-quarter projection in backlog today with respect to parts. in terms of the demand signals from our customers things are strong. >> the hours flown. >> we believe so. going forward they will increase. guy: that's the existing fleet that's out there, the maintenance story is very strong. the margin of that is strong. all the airshows recently and throughout this industry is what's been happening with the supply chain. airbus lowering its guidance for the year talking about engines within that guidance. is the supply chain story getting better or is it getting worse. larry: i'm strongly in the view it's getting better. it's really all about the rate of improvement. what we shared early today with investors is we didn't have the output we anticipated in the

second quarter. with our newest generation in particular with our leap engine. we are going and using our operating model to help our suppliers help us jointly problem-solving really understanding constraints of the point of impact. and we saw tremendous results from that in the second quarter. didn't translate to his many deliveries perhaps as our frame of customers would've liked that we saw two thirds of the supply we worked with improve their output to us by nearly twofold. guy: talk me through what's happening for the guidance was from 25% improvement from that engine then you had in april you were 10 or 15 now your flat to five. that feels like it's not getting better. you're telling me it is below the surface getting better. larry: not at the rate we had anticipated but it's getting better if you look at the sequential trends and from an operating perspective that's all that matters. sonali: that was larry speaking

earlier in england. more on that breaking news, the associated press now saying secret service director kimberly cheatle has resigned. joining us is jordan fabian in washington and we know the director had addressed congress about a day ago and she did refuse to disclose many specifics about the july 13 shooting. how did we get here and what comes next? jordan: she had already lost confidence and a lot of people, capitol hill and the administration before that hearing and her privacy, lack of disclosure really angered a lot of republicans and democrats who saw jane's comber, the chairman of the committee and jamie raskin, the ranking democrat who don't agree on anything, out with a joint statement calling for her resignation. at that point it seemed like a faded, plea that she would be out of a job. katie: tell us a little bit

about what we heard yesterday. that testimony that she gave. the reception and reaction from lawmakers was pretty brutal. jordan: she was asked a range of questions about the agency's preparation for that event, securing the area, also questions about the size and scope of the detail protecting former president trump and she didn't really give any substantial answers to those basically saying they proceed with the plan that they had and that wasn't satisfactory. you had members from rashida taleo to james comber going after her and that just further dug a hole for herself in terms of public credibility. matt: to me this is the least surprising news i've seen in recent memory. has there been a bigger failure by this secret service in your

lifetime? i would say this is far worse than the assassination attempt on ronald reagan. jordan: it certainly the biggest in my lifetime it's important to remember it's not the first failure in the last decade when it comes to that agency. there was the scandal involving agents soliciting prostitutes in columbia in 2012 before president obama's trip to that country. there was a famous incident years later were a man jumped the fence and was able to enter the white house through the front door. this another incident where a man got onto the grounds while president trump at the time was ready to roam -- and was able to roam around. this is an agency that was plagued by problems for years. it culminated in this other -- utter failure on july 13. sonali: that is bloomberg's

jordan fabian in washington. what a trip across the country along the lincoln highway tells us about the 2024 election issues. berg opinion columnist talks about his new book next. this is bloomberg. ♪

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abigail: coming up an interview with matt hogan, cio of fit wise asset management. this is bloomberg. katie: time now for our daily wall street week conversation. the 2024 presidential election has taken unprecedented turns but the issues have been around for decades, that's what bloomberg opinion columnist frank barry explores in his new book. he sat down with david westin to talk about why he traveled along

the lincoln highway to write his new book. frank: in 2016 when the country seemed to be coming apart at the seams and people were getting angry about trump and clinton and the race and wanted a different way -- i wanted a different way into the story. everyone -- while everyone was exploring what was dividing us and trying to explain red america to blue america i wanted to explore what holds the country together and what better way to do it then as i learned there is this thing called the lincoln highway. what a great way to explore what holds the country together following the spirit of lincoln along the lincoln highway. david: connecting lincoln with better angels in the title. at a time when the country was deeply divided. we were going to war with ourselves. what did you find pulled us together? frank: i ask that to everyone we met along the way. it runs from new york to san francisco and i asked people along the route what holds us

together as a country and there were a lot of different answers as you might imagine. people talked about the constitution, freedom, a love of country. neighbors, but of course that's why lincoln is so important to the story. one of the things is this idea that he calls the electric cord. he talked about how whether your ancestors came here on the mayflower or you arrived here yesterday as an immigrant, it's the promise in the declaration of independence that because the electric cord that holds us together as a people. i think that's something that's important to remember. we are not a nation founded on particular nationality or religion or language or found on that idea. david: you undertook this seven-month voyage with your wife. when we were still in the pandemic lockdown interesting time for the country and were

there forces pulling together at that point. it was really a tough time for the country. frank: we had the pandemic, the election and the wake of the joint floor protest. there's an awful lot going on. one thing we heard it was a real frustration people had different -- they blamed different sides for that. but there was also a sense of frustration about how difficult it was going to be to overcome it. but also a sense of resilience that we've been through difficult things before and that somehow someway america always finds a way to get past it. david: you served with our majority owner, mike bloomberg when he was mayor. it does strike me there's a difference between the local and the national. we've a tendency in the media to

focus on the national where in fact we are a country of a lot of cities and states which is different from one another. did you see a difference in the attitude towards unity with respect to cities and localities versus what we see in washington dc. >> that was one of the things i want to do was step out of the 2020 election campaign, a leaf trump and biden behind for the most part and talk with people about national issues from a local and personal perspective and that allowed for a much healthier instructive dialogue. the old tip o'neill line that all politics is local is a good thing when people can talk about their schools and community, it keeps it away from the most vitriolic aspects of partisan dialogue. david: what you learn from this extraordinary voyage with your wife. and we have candidates, a national candidate talk about unity pulling us together but often the way they run and

position themselves does not tend us -- tend to pull us together. it look sick a lot have decided the way to get elected is by being divisive. frank: i think that's true and candidates run to the extremes because that's where the votes are often in a primary. one of the things we took away from the trip from conversation after conversation was a sense from people that there's more to the middle than politicians in washington are recognizing and acting on. one quick story. after the lincoln highway we traveled down and went home on a southern route and went to the southern border. i met with the deputy sheriff there and ride along on the southeastern arizona we saw the wall being built and the sheriff had said to me we know the wall is not the answer to everything here. it's not the end-all and be-all. we need him more staffing and cameras, more technology and we need to make it easier for

people to come here. need a balanced progressive immigration reform plan. and he blamed both parties for not delivering it. that's from the sheriff on the border. if you spoke with most people in a country whether democrats or republicans they would say yes we need all of those things. we need to secure the border but make it easier for people to come here and that requires immigration reform. that's something we've been arguing for 20 years without washington acting on it. katie: that is frank barry, author of the new book back roads and better angels. we continue the conversation about what vice president harris policies could mean for the economy. former u.s. treasury secretary larry summers. we have some breaking news, biden's speech on withdrawing from the campaign and the race is set for tomorrow. that's according to reporting from the washington post. we are expecting to hear from harris later today in milwaukee

and now we've learned from the washington post that that biden's speech on withdrawing from the race is set for tomorrow. we will see him finally. we have not seen them publicly in several days at this point not since he announced he was withdrawing. on twitter. on x. matt: can you do that when you're just in general and conversation do you say i was looking at x? i still call it twitter. katie: we can do whatever we want. what we know is we will hear from biden tomorrow and we will follow that story. this is bloomberg. ♪ sweat isn't sweet.

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what about zocdoc? so many options. yeah, and dr. xichun even takes your sketchy insurance. xi-chun, xi-chun, xi-chun! you've got more options than you know. book now. matt: general motors is one that caught my eye with a profit of 60% beating wall street's

estimates in raising its full-year forecast. i thought look at the stock compared to porsche. trading in germany and the u -- those shares were down. if you remember it goes ipo out of volkswagen in september of 2022 so i looked at all the major car makers versus porsche since the ipo. it's amazing how badly porsche, which arguably makes the best cars of anyone on this list has underperformed. >> it is pretty stark i bet they wish she would put tesla on the chart as well because that's pretty shocking that they've done so poorly relatively but also stellantis, bmw and mercedes have done so well. sonali: can you explain why everyone in america is buying a truck? matt: because of the incredible luxury and versatility you get with a pickup truck.

if you look across any vehicle right now i would probably choose a silverado 2500 zr2 because i can fit my whole family in there and take as much stuff as i want. katie: we will see you tomorrow. this is bloomberg. ♪

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>> from the heart of her innovation, money and power collide in silicon valley and beyond, this is bloomberg technology with caroline hyde and ed ludlow. >> live from london san francisco this is bloomberg technology. the first of the magnificent seven gather up to report results. ed: plus, wiz walks away from google's offer. caroline: plus our exclusive