before we transit from triazole tech to ed tech, i want to ask you, in keeping with this week's show, life, my mother likes to travel alone, i she not often has enough time to do so but when i was a kid i she sometimes use the weeks to travel around in the year. and then come back and definitely felt . energised after that. is that what she said? it was an energising trip travelling alone! it energising because you do not have to follow - the programme of anyone else. you have your complete freedom, you can do whatever you want - and you don't need to follow a routine that you have - in your daily basis. your online tutoring company has spanned the european market for close to nine years, so in that time how far has virtual reality come in engaging students? virtual reality is something that every child already- receives on a daily basis. every child loves to play video games and that is| basically another form of virtual reality. - bringing learning and education . into virtual reality is a great l extension and engagement driver for kids all around the world. - how important is virt

ed. ed: time for talking tech. first up uber's hired former tesla exec to oversee a shift to e.v.' they will start september 16 as the global hefd sustainability. as uber transitions to a zero emissions platform by 2040. a senior leader of rivian leaves for stellantis. according to a message sent to plyees, the vice president will leave the company to become head of manufacturing at see lan tis effective september 8. his far teur, more than half a dozen high level readers that left the cop. shares surged 82% since the i.p.o. rapid rise. market cap to more than $7 billion. we'll be right lack. this is "bloomberg technology." is it me... or is work not working? at least, not the way it could work. your people are buried in busy work. and you might be thinking... can ai make it all work? it can. on the servicenow platform, ai transforms your entire business. your people work better, your customers are happier, and todd... well... he's practically euphoric. practically. so, let's get to work. (♪♪) caroline: welcome back to "bloomberg technology," i'm caroline hyde in new york. ed: i'm

ed: so many people credit it as the leading defense tech startup .ked about do not put the burden on the taxpayer to fund the growth of operations. but i am trying to build a timeline when all of the big money from government does go to anduril, and there is an openness to engage with silicon valley? trae: the culture is shifting. we have seen tremendous move since face acts and palantir were founded earlier on in the 21st century. anduril is stepping into the wave and standing on the shoulders of giants who created that market space. i think the defense tech industry has seen a major boom that you guys have talked about a bit on air on bloomberg. the question is really about how much the government will be able to lean into picking winners, not in an unfair sense but identifying the company is that will scale to the size of the problem. and that is the focus we have had some beginning, not on research and development but scaling into production requirements. that is shifting as we move into high cost and low volume legacy systems into some of these

ed: big tech, nvidia and bitcoin in focus as 13f filings head. caroline: earnings seasons continue as cisco cuts costs and jobs in a shift to ai. ed: let us get right to alphabet. shares are down the .5% after a slow start. within two standard deviations. the headline reporting is that doj officials and attorneys are assessing a bid to break up the search giant. there are many other options being discussed and actions that can be taken. we are going in later to talk about the pixel event, the hardware gain from google. is that a part of the story? not really clear. it is a bid -- big headline where the nuance is important. caroline: yesterday the department of justice, from what we were understanding, they are considering a bid to break up google violent -- following the land park ruling that it monopolize the online search market. we have been getting scoop after scoop from washington, d.c.. how likely and realistic is that we go back to two decades ago the microsoft fight? >> the justice department is considering recommending a breakup. they ha

. >>> still to come, ed tech company addtalem and what may have investors worried today. 9%. more after this. tony, its gone. no. how am i going to do this? welcome to the mdy mid-cap cup, presented by state street global advisors. today's challenge is to play 9 holes without the middle of your bag. how does that sound? that sounds terrible. ♪♪ ♪♪ ♪♪ ♪♪ - [narrator] life with ear ringing sounded like a constant train whistle i couldn't escape. then i started taking lipo flavonoid. with 60 years of clinical experience, it's the number one doctor recommended brand for ear ringing. and now i'm finally free. take back control with lipo flavonoid. >>> welcome back. adtalem shares town almost 9% despite beating q4 expectations on the top and bottom line and seeing a 10% jump in enrollment. they did note a bit of margin pressure as they make investments across the business. let's bring in adtalem global education ceo steve beard. dive in here. this one's getting more of a shout out from analysts and charlie borinti, your shareholder, bullish on the business. what are the dynamic

before we transit from triazole tech to ed tech, i want to ask you, in keeping with this week's show,el— in my life, my mother likes to travel alone, _ in my life, my mother likes to travel alone, she _ in my life, my mother likes to travel alone, she not - in my life, my mother likes to travel alone, she not often i in my life, my mother likes tol travel alone, she not often has enough — travel alone, she not often has enough time _ travel alone, she not often has enough time to _ travel alone, she not often has enough time to do— travel alone, she not often has enough time to do so- travel alone, she not often has enough time to do so but- travel alone, she not often hasj enough time to do so but when travel alone, she not often has. enough time to do so but when i travel alone, she not often has - enough time to do so but when i was a kid she _ enough time to do so but when i was a kid she sometimes— enough time to do so but when i was a kid she sometimes use _ enough time to do so but when i was a kid she sometimes use the - enough time to do so but when i was a kid she sometimes

avalarahhh ahhh ahhh ahhh ed: it is time for talking tech. who has become china's richest person, amassing a fortune of $48.6. -- $40.6 billion. wong's rise has been driven by china's shopping habits. an e-commerce deal with tiktok and pinterest. users can now link their profile from the social media platforms to their amazon accounts. allowing customers to buy products directly from ads. this is -- this as social shopping becomes more popular in the united states. turkiye's band hits female entrepreneurs. entrepreneurs from female-led businesses that relied on the platform to drive sales. turkiye abruptly locked access to instagram on august 2, without explaining why. that was a very e-commerce -themed, and focused selection of new stories. the earnings story also continues, and we continue to look at cybersecurity and akamai. the company reported earnings thursday. cofounder and ceo tom leighton joins us now for more. there are loads of words and adjectives and praise used by the sell side, tom. clean print, strong quarter growth, but what

ed: it was interesting in microsoft's case. we reported in various regulatory bodies have disclosed they were examining the relationship between microsoft and openai. openai would be more complicated if you also have microsoft's peers, apple, included in that. i don't know how antitrust regulators would look at that. the point is, openai is probably the world's leader -- leading. it will always draw attention. we wait and see how this round goes and what is the net result of its already complicated corporate structure, or operating structure is and go from there. sonali: at the end of the day what does this mean for other companies out there that are not openai, that aren't getting the same type of corporate interest? ed: apple is not a developer of large language models. it has some r&d training its own models. but it looks to third parties. apple intelligence is built on other foundation models from the likes of openai. that's a well reported story by mark gurman. it's interest is different and so common. the cloud providers

ed: thomas with the global data-driven view, we appreciate it. it's time for talking tech.eering snag. according to sources, the highly anticipated blackwell ai chips will be delayed due to design flaws. in a statement, it says they do not comment on rumors and they are on track in the second half of the year. elon musk's x set to close its san francisco offices pretty will leave the city where it was founded in 2006 according to a source who says employees will be relocated to existing offices in san jose and an engineering office in palo alto. sk hynix set to receive an additional -- an initial 450 million dollars in grants to build out in advance chips packaging facility in indiana. they expect to benefit from a 25% tax credit. coming up, symphonic capital partner and kamala harris supporter shruti shah. this is bloomberg technology. ♪ i graduated from southern new hampshire university. i always said i would go back to school when i had time. i went on our website, i spoke to an admissions counselor. we applied right then and there. that's when the journey really begins.

ed: i don't apologize for this. we were showing shares of nvidia earnings august 28, how anxious a period of time will it be for a financial markets until that earnings print? callie: why apologize about that? i think that is on investors' minds right now. nvidia shows that it can beat any kind of expectation you put out there over and over again. it is really the hot stock when it comes to fundamentals within the tech sector. bars a little bit higher. the bar in general has been higher for tech earnings, but the ai story is quite real. i think my question is, what kind of guidance are we going to get out of nvidia? how are investors going to digest an earnings estimate beat if dad died in scums on the backend? i think the ai story is complicated right now. it has lost a little bit of its luster. ed: you are probably in the camp of investors that look at the technology sector, particularly cyclical areas, and say growth cycles come and go. i get that, but what if the growth cycle goes with nvidia? it is not like jen

big tech. ed: that picture tells the story this morning. ryan, thank you very much. let's get a closer look at tech stocks this morning and think about the equity markets on a massive week. denise chisholm is the director of quantitative market strategy at fidelity. there is a big macro event on wednesday, don't know if you have heard about it, nvidia second-quarter earnings. the timing comes after many weeks of clear capital expenditure guidance. you track that data and you ask yourself what it tells us. looking at a sales, you might have a different story? denise: i do. there's a lot of concern around how much technology companies are going to have to spend around, and it could be a signal of the peak of the cycle. looking at the data for the overall technology sector, capex is just picking up. looking at it relative to sales, it has declined over the last year and is in the bottom half of distribution. that is the unique part, this time, in terms of technology. free cash flow generation is much different than anything we have seen in the past. on the free cash flo

ed: it is time for talking tech. planning to restrict asml's ability to repair and maintain its semiconductor equipment in china, according to sources. the decision coming after pressure from the u.s.. the dutch government would not rely -- renew licenses for lithography machines. huawei's revenue grew for the sixth straight quarter after smartphones gained market share in china at apple's expense. it and other local players built out apple, which dropped to sixth place among handset makers in china. caroline: coming up, more of our exclusive conversation with nvidia ceo jensen huang. shares under pressure. they continue to focus on the blackwell confidence or lack thereof. we will have more on "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 food isn't

ed: let's get to some more news stories talking about tech.t global has agreed to buy a major stake. set to purchase 24.5 stake from shareholder altice in a deal that would bolster the company's international expansion. this gives the firm a marquee holding in the united kingdom. film studios have dropped its opposition to a california measure that would give actors more leeway over a privacy usage. the measure would implement new legal safeguards for performer contracts using digital replicas and voices and likeness. lawmakers have until the end of the month to pass the measure before they adjourn. it's a return to formula for disney. the company announcing sequels over the weekend at its d23 event, after recent billion box office successes from "inside out" and "deadpool in mogherini -- and wolverine." this is bloomberg technology. ♪ why do couples choose a sleep number smart bed? can it keep me warm when i'm cold? wait, no, i'm always hot. sleep number does that. during our biggest sale of the year, save 50% on the sleep number limited edit

ed: time for talking tech.p, defense tech startoff has raised $1.5 billion in a new funding round valuing the company at $14 billion. it plans to spend hundreds of millions of dollars on a new facility to ramp up manufacturing of rockets, underwater vehicles and other autonomous weapons. plus microsoft and palantir are set to combine their cloud tools to sell software to u.s. defense and intelligence agencies. as part of the agreement, palantir will integrate its products with microsoft's azur, he was cloud services -- azur, he was cloud services. meta sold $10.5 billion of investment-grade bonds, boosting the kept's cash pile as it -- the company's catch pile as it spends heavily on -- cash pile as it spends heavily on a.i. let's stick with earnings. after the closing bell on wednesday, important news about dubai. i'm delighted to bring in the c.e.o. of joby. i just want to get right to that dubai project. we've spoken so many times over the years where i ask you, when are we going to see a joby fly and where?

ed ludlow here in new york. big tech earnings in focus this week.eta posting better-than-expected quarterly results with no investments in ai. attention turning to apple, amazon, both reporting after the closing bell. let's stick with the equity storage the nasdaq pulling back after a monster rally led by nvidia on wednesday. the stock reporting its biggest advance in over five months. here is the bit -- adding a record $329 billion to its market cap, destroying the single day record that it had previously already owned. there is a lot to talk about. let's keep the conversation going. debbie fish is a portfolio manager. let's start with nvidia. we say it is a moment in market history. it broke its own record. it is one of the bigger positions you hold. when you see the red headline on the bloomberg terminal, how does that make you think? >> i think nvidia has been a remarkable stock for the last year and a half. that has primarily been because of the financial performance. the revenues we have seen with its ai chips, gp use, is like nothing we have

avalarahhh ahhh ed: time for talking tech. softbank announced $3.4 billion buyback.-based rooms that it would purchase up to 6.8% of its free-floating outstanding shares through august 7 of next year. the move comes as the ceo prepares for large-scale push into ai and semiconductor investments. plus to packers $14 billion deal to buy juniper networks get the ok from u.k. watchdogs. the competition cleared the purchase after investigating if it would lessen competition in the u.k. the deal was similarly passed just last week by the european union. sony raises its revenue profit forecast for the fiscal year to march, so successful quarter and gaming divisions with operating profits of 1.9 billion dollars. its playstation division saw a lift but it's ps five consoles will just 2.4 million units, significantly below the 3 million units that analysts had expected. let's get back to the earnings story and take a look at shopify. reported earnings results before the opening bell this morning, beating estimates. the president joins us now for more. good morning to you, harle

. ♪ ed: time for talking tech. took the rest at cutting out 100 jobs in its digital services group according to sources paid the layoffs included engineering roles in the biggest cuts remain for the team responsible for the apple books app at apple bookstore pretty layoffs are relatively rare. four rounds of reductions in 2024. apple declined to comment on the cutbacks. this is the timing of the lithium project remains up in the air as the chinese electric vehicle juggernaut continues to negotiate with authorities in the south american nation. byd was granted access to preferential prices for lithium carbonate, but terms of yet to be settled. supermicro shares plummeted after the company delayed filing its financial disclosures. comes a day after shortselling hindenburg release to report with blaring red flags, evidence of transactions and other issues of the server maker. it's not updated financial results for the prior quarter of fiscal year. caroline: that is a big share reaction for supermicro. there seems to b

the big tech firms that have led the rally all year long.d: you touched on something important for the technology sector there, the ego do you know, fed side of the equation is kind of gone now. let's recap what happened in jackson hole, how markets have reacted since. >> this is the other important story of the year, where everyone has been looking ahead to rate cuts from the federal reserve. you had powell coming out, basically signaling that rate cuts are coming. the employment report is something that everyone has been watching month over month. revisions coming in a couple days ago that were more surprising. expecting the federal reserve to cut, powell signaling, is something that everyone is talking about, watching when it come to the market. caroline: while there is frustration from analysts because they couldn't go away this week because of nvidia, many are pleased in the crypto space. bitcoin coming off of its highs, but how much does the dovish nature of things mean for the rally in crypto to be sustained? vildana: there has been a

higher among tech workers.ine grassroots tech workers came to me originally with some of these ideas, these are folks working in the ai space that had concerns about safety. ed: thank you both for being here in studio in san francisco. caroline? caroline: great conversation. markets briefly, we are pushing higher, a power push is going on. he said the time is ripe for a change in policy. rates going lower. we are up and up for the week as well, 10-year yield's are down. borrowing costs falling, crypto at the moment at 1.6 percent. moving to the individual movers, all eyes are on nvidia august 8. it's a macro move that is a micro-set of earnings from nvidia. across the nasdaq 100, the best performer from a percentage point of view is earnings. saying in the longer term we will not be optimistic. ed: coming up, amazon web services is announcing a joint platform they say will help small developers scale responsible ai. that's next. this is "bloomberg technology." ♪ okay, team! oh, thank you so much i couldn't have

p eds paid to penetrate deeper into rushes and photos regions when it comes to what their longer term objectives are here. that's something that we're still discussing. yeah, the week of denying any involvement of washington admits to consulting pm on the quarter skin cogent, that's as a russian intelligence as the us the u. k. and stuff award, making your brains that quote, ukraine is a terrorist age. well that's according to modeling means you have an island, but a key to facile file. a complaint to the un security council against a supporting terrorist.

ed: investors's expectations are interesting.st one case study where they missed estimates on cloud growth by a percentage point but still registered 29% topline growth in the most critical unit. is it just sort of idiosyncratic, or is this broad-based anxiety for investors that something will give way on the growth narrative overall? gina: yeah, i think it is a great question. it is difficult to tell so far but over the last week when we have seen is just severe punishment of any tiny nuance as you correctly highlight with microsoft. very strong aggregate growth, but a tiny nuance miss was enough to really create a lot of uncertainty around that story. you are seeing a lot of the same emerge with amazon. similar sort of reactions even to alphabet. so across the tech and tech adjacent space we saw very similar reaction functions emerge. i think investors got ahead of their skates. we were expecting tech to not only beat but to raise expectations, beat almost perfectly. that was embedded in valuations, and now we are normalizing t

companies to export high-tech equipment, things like that. also, the biden administration tightening the stand. that is why chipmakers are not bouncing back as quickly as other stocks. ed: i have been reading your research, you been thinking about reits, real estate investment trusts, and so have i, looking about how you can look at their pipeline with data center investments. i didn't realize it was such a focus of opportunity for some of the reits out there. the you look at that to see how long you have this investment cycle to run? janet: data centers are one of the more resilient areas during the previous selloff. that is still a valid investment point, but looking at reits, basically broadening out the other areas. the valuation has simply gone more attractive. right now, we are at the stage where the fed will cut interest rates. expectation is building that there will be further cuts well into 2025 and beyond. this is being a very interest-rate sensitive sector, likely to benefit from this monetary policy development. the valuation is j

according to the ed, even adding the cisco and intel layoffs, the number of tech jobs lost in the bay area over the last 12 months is just about the same as the number of jobs added by tech companies in the same period. all right, let's go ahead and take you outside now as we take a live look from our sutro tower camera. it looks absolutely beautiful out there, jeff. and we are expecting some fall weather for a little bit here. it really looks like we're holding on to the colder temperatures, even some rain chances later this week. so kind of exciting here to get a little bit of rainfall in august. we're going to start it off right now with a look out here across the pacific and the changing pattern that we're following at the current moment. and this system is really starting to develop, and you're going to be able to see it spinning out here on my satellite radar picture, it's located right up here just dropping out of the gulf of alaska and not only the chance of some rain, but the coolest weather trend we have seen in 69 days coming our way. i'll get you those details coming up in

will the new chip -- new tech change sentiment?ll break it all down next with ed ludlow. ♪ scarlet: this isscarlet: "bloomberg markets." in a few moments alphabet is expected to begin a highly anticipated hardware event with the new product unveil likely to focus on ai and investors are hoping it might slow down the selloff that has erased 360 billion in market value from the company in the past month. here with more on what to expect is ed ludlow. we are talking about the google pixel phones that some people have but most people don't necessarily have. these are not big revenue drivers for google and alphabet. they feel like a rounding error in terms of contribution to bottom line. ed: absolutely. looking at the last four quarters, it doesn't even really register in the roadmap of revenue. the ai story is very simple. consumers around the world are trying to work out how to use ai and manifest itself in the real world. what we are expecting is new generations of hardware, but also for google to tell us how gemini, the large langua

ed: live from new york, this is "bloomberg technology." the nasdaq 100 plunges into correction territory as the rotation from big tech continues. plus, we break down the results from amazon and apple. intel shares falling by the most since 1982 as the company offers a grim forecast and slashes thousands of jobs. the picture is severe this friday. the focus is the technology sector. this is the nasdaq 100 over the course of the week. we are on track for a fourth-straight week of declines, matching the run we saw in april of this year. we have entered a technical correction on the nasdaq. at the moment about 80 names, fewer than 20 in the green -- 80 names in the red, fewer than 20 in the green. we are going to go into the earnings story with amazon and apple and later a detailed look at intel. yes, that is a 28% decline. about 15,000 jobs will go. they basically have admitted that they were slow to respond to their reality that their market is not going well from a topline perspective. we are going to get deeply into apple, which is a brigh

now, one silver lining to all of this, according to the ed, even after adding in the cisco and intel layoff plans, the number of jobs lost in tech here in the bay area over the last 12 months is just about the same as the number of jobs added by tech companies over the last 12 months. garvin thomas those suffering from chronic pain in san mateo county have a new form of relief. it's the sutter health mickelson arthritis and rehabilitation center. today was the grand opening. the center features a warm water therapy pool that needed its own rehabilitation after it was closed at the start of the pandemic, county leaders and residents pushed for the pool to reopen, and over the past year, sutter health spent $1 million on repair work, and this warm water pool will be invaluable for everyone, from stroke survivors to those with spinal cord injury, to providing relief for those who are struggling with chronic pain. and as a former college athlete myself, recovering from a few sports injuries as well. the pool serves people with disabilities, health issues and physical therapy needs. the c

caroline: tech fights to end the week strong. we have a key cio on the show. let's just dwell on these markets for a moment. we end the month as we started it, on the downside. we had a brutal syllabus on august, and -- brutal sell off to start august. we are trying to make some power higher on this friday, and we have certain things to thank for that. more broadly this is a week we are fixated on one name alone, nvidia. he did not live up to some of the hypo. ed, what are you watching on the micro data? ed: you can never quite get the news flow. intel is up at this point the most since october 2023. the most since october or late 2022. there is a detailed note from bloomberg about basically plan b. clearly the street likes it. caroline: it's bloomberg exclusive reporting, learning that intel is looking to investment bankers for help navigating the most difficult period in its 56-year history. the chipmaker is discussing a range of scenarios including a split of its product design and manufacturing businesses. ian king is the man helping drive the exclusive re

liz: let's talk quickly, ed. you like chevron, you like some of those energy names.as, heating oil. we'll see what happens. this is a very typical time we would see oil prices rising and these names coming along with them. they are not, just as we see an escalation a potential escalation in the middle east. what is going on in the energy patch? >> one of the themes we have right now you want to focus on best-of-breed. we do view chevron as best-of-breed so we've seen a pullback. earnings were a little bit of a disappointment but the shares reflect that today. we think you look forward one to three years a lot of their projects can deliver and are tested to return to chevron at actually lower oil prices. we think there is a little bit of cushion baked in. can we predict oil prices tomorrow, next week, next month? no. when you pick stocks you can focus on intermediate. liz: everyone asks for predictions. jason next week we're getting economic information, important data for the consumer. if this number comes in weak will we see another day like yesterday. >> you very w

just the rest of the tech earnings as well. i will have my eyes on that ended it is business as usual. ed: in the first part of the earnings season, the expenditure on the hyper scalers was a big story. what is unclear is the topline growth. do you analyze that part of the market? jason: there will always be concerned about when valuations seem like they might be stretched. a sharp eye on earnings. we will have our eyes on all of that. we are in a position where i would encourage clients to look under the hood and look carefully for any over concentrations in the tech space and the ai space. investors have gotten away from that and have been rewarded for it. just because you have been rewarded doesn't mean you should continue to not do it. i would encourage investors to look under the hood. anything that is a high flyer concentrating the portfolio. caroline: more broadly, should you be selling down technology when we are still only 5% off the record highs of the nasdaq 100? jason: i think if we just look at the valuations as a

can this tech trade continue to run?re getting a lot of results after the bell, okay, can tech regain its momentum or lead? chips have really been struggling, so they need nvidia to deliver,ed a not only deliver a beat of $30 billion, but they need that guidance raise and black well to save the day, absolutely. >> do you continue to see it from mag 7? >> i do. we're going into a different era. we're about to enter the rate cutting period. we like to have that shift in there, quality dividends. you've seen equal weight forming better. i do like to diversify away from the stocks. it's okay to own some of the other 493 and they're starting to perform better. it is a regime shift. any time the fed shifts policy from a hold to a cut, i think it's important to make sure your partnership is positioning for periods when it typically favors more value than small growth. however, i do caution, we've been saying this is a 94, 98 rate cycle. we could continue to ceatec continue to run like it did with the dot-com era, but again we'r

it is meant for on-road and off-ed road.s of tech, i'm a motorcyclist myself. i love safety, it's are important. this is the coolest piece of technology. it looks like a normal leather vest? this is an airbag deployment vest by alpine if star. imminent threat is there, it will actually deploy. i love it. my personal helmet, i brought it with me, has the dot sticker on the back. before we talk about the race, this is the dealership version. harley davidson understands younger buyers, new buyers are moving into the market, and they built this purpose-built adventure motorcycle. it will race as part of the adventure tracker class which as you said at the beginning, pete, will debut on august 17th on fox stations nationwide. and i wanted to to give you guys a chance for one question but, joey, i wanted to pull out my best look for you, this is my hipster look at sturgis, everyone seems to like it. hit me with a question, guys. joey: hey, listen, i used to have bikes when i had legs. i know some of the other manufacturers in that

ed, thank you. >>> coming up, another check on the chips.rader has a potential options play on a well known semi-conductor stock. market navigator is up after the break. you didn't start a business just to keep the lights on. lucky for you, shopify built the just one-tapping, ridiculously fast-acting, sky-high sales stacking champion of checkouts. businesses that want to win, win with shopify. >>> welcome back to "power lunch." let's get a quick check on the markets. both the s&p 500 and the nasdaq are trying for eight-day winning streaks and near intraday highs. the dow has come off the highs a bit. domchu is here. >> let's talk about one of the places driving the big trade recovery wise. it's technology. it's been leading that rebound, but one trader thinks that stocks within that sector are some of them at least, getting an undeserved ride higher with the rest of the overall group. tony zhang joins us from options play. he joins us now. you're looking to capitalize on what you see is overvaluation in one stock in particular, and i'm very

is set to have improved world wide assistance to have gotten this done has dropped some a bunch of ed reports on the changes since a group came to power. it's a day off this tech style company in public, within the last 3 years, it'd be many days like this. the 35 stuff members barely produced, the scarves, trolls and uniforms. they used to 10 years ago when the company was founded. hardly, we have very little uh, orders uh from the local companies. we have exporting the, the products, but to and very little quantity. youtube banking restrictions, business operating cash, and those who can afford it open to accounts abroad to buy and sell real materials in finished goods. it's been 3 years since many have gone say the international community began its collective punishment. that has been the telephone to controller from the government, which collapsed as foreign forces left the country. a 20 at ward again, started on fighters, led by the us with an off the top of the on to take over a couple of security until it pulled up its troops with the foreign troops. the much needed aid for mil

which tech influencers are making their mark? all of that and more coming up. first let's check in on these markets. we are coming off of what had been close to record highs. now we dive a little bit, just a quarter of a percent on the s&p 500. if we managed to end in the green that would be nine straight days of gains for the s&p. the longest winning streak in two decades, since 2004. the nasdaq, nvidia, some of the chipmakers on the downside at the moment, be taking some profit as we get worried about some of that data coming out tomorrow. will there be divisions? the coin managing to shrug off some of the risk asset concerns. we had been up more than 2%. it's delve into what you are watching on the micro. ed: tesla actually it is worth noting is in -- is in line with the broader market. almost 2.5% earlier in the session. currently down .7%. the story is a 9% additional tariff of china-made ev's sold within the european union. it is worth noting the context that there are other automakers, domestic, chinese automakers, much heavier levels of tariff relative

. >> everyone talks about big tech is responsible. choice. over a period of five days, not just the lost revenue, but tens of millions of revenue of compensation and hotels. we did everything to take care of customers over that time. if you are going to have access prior to the delta ecosystem in technology, you have to test the stuff. you can't come into a mission critical 24/7 operation and tell us we have a bug. it doesn't work. >> you know, in a letter responding to the public comments, crowdstrike says the threat of a lawsuit have contributed to a misleading narrative that the cybersecurity company was responsible for the airline's tech decisions and response to the outage. crowdstrike's attorney saying delta turned down on huf-site assistance. delta has not commented on the crowdstrike letter. at some level, crowdstrike has to take some responsibility. you can argue that delta could have done other things differently. this cost them $500 million. mult iply that by the other airlines and companies that had other problems. if crow

identification is still taking place. 15 people on board did survive the energy secretary, ed milibandge british household will pay an extra £149 for their energy from october. meanwhile, around 10 million pensioners are also facing winter with less support after the government scrapped winter fuel payments for those who don't receive pension credits or other benefits . the credits or other benefits. the funeral of elsie dot stancombe, one of the three young girls killed in the southport stabbings last month, has been held this afternoon. the seven year old's parents have described her as a truly unforgettable daughter. her family said they want to be today to be known as elsie's special day and a celebration of her life . just an update on that her life. just an update on that breaking news we brought you in the last half hour from the united states. it's being reported that several secret service agents are facing disciplinary action in the wake of last month's shooting in pennsylvania, when a lone gunman opened fire at donald trump. some us. networks this afternoon suggesting five,