>> from the heart of where innovation, money, and power collide in silicon valley and beyond, this is bloomberg technology with emily chang. emily: coming up in the next hour, the first major u.s. carmakers report third-quarter results, and they do not disappoint. supply issues, rising costs, and

production delays while the ceo of tesla explores buying twitter. plus netflix still falling, down 35%, making it the s&p's worst performer of the year so far. is the solution ads, gaming, better content, or a big buyer like apple? and as public markets fall, the ceo of amazon web services set tells me he is open to deals of all sizes. he joins me in studio on the heels of the aws summit in san francisco. we ask for the future of the cloud and what about amazon as a buyer for twitter? first, all eyes on tesla. results just out. ed ludlow has been digging in. what are you seeing? ed: tesla basically putting out the bag in a really challenging supply chain environment. shares up 5%. earnings three point $25 a

share, significantly beyond what analysts were expecting. this did include some time when the shanghai plant was shut down. tesla reiterating its guidance that it wants to target annual growth of 50%. but supply chain issues do persist through 2022, and they're talking about not just chips. they are talking room materials as well. but a pretty sanguine reaction from the market. it was interesting today. we did see stocks broadly higher as bonds yet -- bonds rallied, yields retreated. the idea that the fed might not go as aggressive as we thought. technology is the big underperformer. the nasdaq down 1.5%. why? netflix. the biggest drop since 2004, a real drag on the broader equities market, particularly in the technology sector. if i use my bloomberg terminal, look at the image that tells the story. look at the right hand side of your screen. the street was in -- was expecting netflix to add 2.5

million subscribers. no. 200,000 customers lost in the first quarter, and a forecast of 2 million customers lost in the current quarter. a big upset, and a u-turn on policy. we could see ads on the platform. wonder if the market changes its mind, because tesla is giving us a rate of hope. emily: a lot to get to. i'm joined by the founder of the wesley group, an early investor in tesla and former tesla board member. there is a lot going on here. the call is going to start a little bit later in our show. we look here what elon musk is saying life. let's talk about the headline numbers. how is tesla managing these challenges from a chip crisis to inflation to a production shut down in shanghai? steve: first, tesla blew away the numbers once again, posting

310 thousand vehicles delivered. is a big number. they were predicted to deliver millions, and they are going to beat that by a good margin. this is annual growth off a big number. they are posting their 11th profitable quarter on top of that. the real story is they have just opened to new facilities in austin and berlin. they are sitting on four massive production facilities, and they just have capacity that others do not. elon is saying he predicts that tesla will deliver 1.4 million cars this year. i think he is going to produce at least 1.6 million. if they do that, they could be on their way to becoming a $1 trillion company. we will see. emily: there have been concerns that elon musk's interest in twitter could distract him from tesla. . we have seen tesla shares take a leg down since this drama has unfolded. we will have to see when markets

close tomorrow. what is your take on that? can he do all this at once? steve: if you are a tesla shareholder, only elon and twitter's board know what is going to happen. he offered his best and final offer last week. they responded with a poison pill. elon is not one to take no for an answer. heading tesla, spacex, and twitter feels like a stretch to me, but people have lost a lot of money betting against tesla. one thing i know for sure -- this is going to be exciting. emily: indeed, if you can build rockets to mars, why not try to buy twitter? it seems much more reasonable, indeed. [laughter] let's talk about the challenges that lie ahead for tesla given the chip prices ongoing, given rising inflation, given a pandemic that is not over. there are reports that workers at the tesla plant in shanghai

are planning to sleep there to avoid further lockdowns. how well do you think the company will continue to navigate all of these things to the next -- through the rest of the year? steve: there is a lot going on in the auto industry. generally speaking, i would say if you are an investor in auto companies, you need to be careful, because you are seeing huge supply chain challenges. most of these other companies do not even have their factories up and running, and we could be heading into a recession. at precisely the same time that is going on, there are 20 new ev companies coming in to the market. you have heard all the names. the reality is it is hard to make tv's. you are seeing rivian and lucid already backtracking, pulling numbers down. ford and general motors, dramatically lower numbers than people expected. ford, fewer than 7000 new ev's deliver this quarter. general motors, less than a

thousand. i think the take away here is tesla is lapping the competition when most of the other automakers are just getting in. let's see how it shakes out. emily: there is also what you mentioned, the r word, recession, inflation on the rise. are people going to want to buy new cars right now? maybe tesla is the best at making ev's, but that does not matter if people aren't buying them. steve: so that is the big issue. if you go down to the tesla dealership now, they're going to tell you 8, 10, 12 month wait. so there is this huge demand. the question is will that cool off in q2 or q3. it looks like there is a lot of pent up demand. tessa will take advantage of it. they have four plants going right now, and they are in the process of doubling capacity at their plant in shanghai. just so the viewers can picture this, the tesla facility in

china is 10 million square feet. that is the size of 100 coscos placed -- costcos place next to each other. and they placed supply chain contracts with firms you have probably never heard of, like the world's largest nickel producer, so they know where supply is coming from, and i think they have a leg up on the supply chain. whether a recession is coming, that is hard to predict. emily: in the long list of other things elon musk has to deal with, there is this lawsuit over that tweet he sent in 2018 -- funding secured. he is being sued by shareholders over this. he had asked the judge if he could continue tweeting about it, making comments about it, as the suit is ongoing. a judge has ruled that he can. he is not going to be muzzled. what do you make of this

particular situation? this is going on almost five years. steve: so look, you have a guy who is hitting it out of the park with spacex, out of the park with tesla. what i advise him to get into a hissing match with the s.e.c. or the government? probably not. but elon is nothing if not genuine. as i said before, people have lost a lot of money betting against him. we will see how this shakes out. personally, i would love to see him stay focused on building great vehicles, because right now he is doing a heck of a good job with that. emily: steve wesley, early investor in tesla, early tesla board member. always good to have your perspective on the show. coming up, my exclusive interview with the ceo of aws. we talk about everything from amazon's acquisition strategy as valuations drop, and will aws

ever beat spun off from its parent. would amazon be interested in buying twitter? ♪

emily: some announcements from the amazon web services summit in san francisco.

amazon has taken a new step toward getting all of its power from green sources. the world's largest online retailer has reached feels to boost its access to renewable energy by almost third. most of it will come from solar firms in the united states. it will be used to supply amazon offices, warehouses, and data centers. meantime, the ceo of eight of u.s. joins me here on the set in san francisco. we are going to get to that conversation momentarily, but first i want to get back to ed ludlow, who has been following tesla's results. we are minutes away from the earnings call. normally elon jumps on, models through some prepared remarks, and then goes off the cuff, right? ed: he kind of, respectfully, mumbles through repaired remarks for passing it to the cfo or the head of powertrain and energy.

but you know him. today is four/20. emily: we were all expecting a big moment. ed: a lot of twitter users said, i wonder if elon musk is going to be on the call. he replied yes. there is a lot going on in elon musk's world. a bid for twitter. tesla having a great first quarter. spacex doing really well. there is intense interest here. what is it we want to learn from him? the outlook for semi trucks. he has a new product. that is what he does. he keeps investors looking to the horizon. emily: could we hear something more dramatic from him on the tesla earnings call? could that be the moment he chooses to do some sort of reveal or make a move? ed: if i was a betting man, yes. why not? emily: we will be listening into that call as it starts. meantime, a back-to-back conversation with adam zaleski, the ceo of aws.

a slew of new announcements including 37 new renewable energy project. a $30 million commitment to startups led by diverse founders. my conversation with him earlier talking about the future of aws and the cloud, and major amazon web services outages late last year. i asked what he learned from that. take a listen. adam: our first priority is always security. immediately following that, operational performance, including availability. if you look at the 16 year operating history of a ws and the last year, the last three years, we have been highly reliable. we have been highly available. we have had better availability track records than other large cloud providers. certainly better than any enterprise i have talked to has been able to achieve in their own data center. emily: any evidence you have lost customers?

adam: we had a lot of conversations. we had a couple of days in december which were not good operational days, and we own that, by the way. we don't run away from that. we learn from them, and have been really trying to take whatever lessons we could to make ourselves even more reliable, but as we have talked to customers, they have really all understood that while we don't like it to happen on a day like that at all, if our customer is hurt, we hurt. we have a very strong track record and that keeps the partnerships strong. emily: people have been asking for years whether a ws should be spun off from amazon. do you spend time thinking about this or the hypothetical benefits? adam: really only with folks like you, as it turns out. honestly, we have no current plan to spin out a ws a -- aws

an increasing number of the conversations i have with particularly big enterprises, they want to make use of the capabilities amazon has across the company, whether it is energy companies wanting to sell us power, whether it is auto manufacturers who have electric vehicles, whether it is telcos who want to deliver 5g enabled services to consumers around things like entertainment and amazon prime video. emily: andy jaffe might've said he never thought about a stock split, and recent events show that even in this environment sometimes we have to revisit those sacred cows. has the idea of a split ever come up in a conversation with andy or jeff? adam: we are very squarely focused on the way we operate today. we do not have any plans of which i am aware to really entertain a split up of aws. we think the way we organize now

is actually very good for customers. emily: that said, the market is changing. valuations are dropping. how is that impacting your strategy around acquisitions? we see microsoft being really opportunistic. adam: we have consistently done acquisitions over the history of aws. overall, our strategy has been to do smaller tuck in acquisitions. part of that is because we are trying to build a complete infrastructure platform. we want the whole thing to operate as a single platform. emily: does amazon need a social play? could a twindemic sense? -- a twitter make sense? adam: i don't know. i think all of the strategy and business relies on partners in the ecosystem. we are very close to many

companies with a strong social presence. with customer acquisition and customer messaging, doing more and more in the retail business and the shopping experience, using social channels. we are very intertwined with social media companies, and i would imagine across all of our business, we will continue to be closely intertwined. emily: one of those is meta-. i wonder if med is giving you a piece of the business, or if this is a step toward them getting out of their own data center business. adam: i think you have to ask them that, but we have been working with them for quite a while. they did announce recently that they were doing a significant amount of their machine learning workloads on aws and would be doing more of that going forward. we really love that is the next development in our long-term partnership with them. i do think there is a lot of things that we can do with companies like that together.

the economics, the flex ability of operating in the cloud, and even for a large, sophisticated company, there are still a lot of benefits to operating in the cloud. how much companies like that move to the cloud with aws will be a function of how well do we understand and anticipate their needs, and how well can we build in a way that is effective for them for their own customer acquisition and retention. emily: a lot of new and potential technologies. what do you think about nft, blockchain, web three, the metaverse? where is the opportunity for aws? where do you want to play? adam: there are a lot of cards in that deck. emily: we are wondering what the market opportunity is. adam: fundamentally, we want to

enable the technologies that aws customers need to build the metaverse, to build 3d computing, to build blockchain and cryptocurrency applications. we are currently doing that. gaming companies are often where people start when they talk about metaverse companies. if you look at companies like riot games, if you look at epic, they are very deep aws customers. if you look at meta-, which had a name change, we are doing more with them over time, which is really gratifying. we have blockchain services, and if you look at things like ethereum, 25% of the theory and workloads in the world are run on aws, so we are doing more around blockchain, around ledger technology, around 3d and spatial computing, which is going to be an important part of the metaverse. the strategy is really to try to

be ahead of where those emerging metaverse demands with blockchain and customer demands are going to be, with really great, innovative services. emily: you can catch that full interview at bloomberg.com. coming up, more muska. the tesla ceo is trying to shore up funds for the $43 billion bid to build twitter with -- to buy twitter with the help of outside partners. we will have more on that next. ♪

emily: let's get an update on the musk twitter saga, elon musk now reaching out to potential financing partners across wall street. if he had any luck? i will bring in michelle davis for more on that. who is actually considering

this? michelle: one of the most interesting parts about musk's bid for twitter is that he made it public without having financing lined up. we know he has started to have potential financing partners. at this point, he is only focused on raising debt. he has conversations around raising equity. morgan stanley reaching out to other big banks, reaching out to apollo has agreed to participate, to help finance. at this point, we know there were a couple of forms -- firms who have said we want to stay away because we are not going to help with financing. emily: do you have context on how these conversations are going? is he putting pressure on potential investors, like if you work with me, you get the benefit of working with me, and a huge portfolio?

michelle: that is one of the big questions we are trying to find out. how would a deal be structured? maybe investors could come in and they might have some certainty baked in that they would have veto power over what musk said. at this point, it is very little. we know they are reaching out to other banks, other financing sources. morgan stanley is the bank advising elon musk. it is our understanding they would help provide some of the financing for him. unclear exactly how it would be structured. emily: how long could it take before it becomes clear whether he has the money or not? michelle: elon musk has indicated that he wants to make an official tender offer at some point soon. he made a cryptic tweet last night. for he does the offer, he needs to have the financing lined up. so soon, one would think. emily: it is 4/20.

i was waiting for some link happened today. netflix's nightmare. after losing subscribers for the first time in more than a decade, it is cracking down on password sharing. we talk about the options coming up. ♪ ♪ ♪

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>> it's going to look disappointing for investors. it is a softer seasonal quarter for us. we have this market that is expending over time. internally, we are really geared up and this is like our moment to shine. emily: that was from the netflix earnings call. i want to get back to the massive plunge in netflix shares. ed ludlow back with the numbers. ed: that is what you call putting on a brave face, right?

35% drop. that is the biggest drop for the stock since 2004, shedding $4 billion in market cap. really what we saw was just analysts after analyst cutting price targets on this stock, some even doing double notch downgrades on their calls. the commonality of these analysts is you look at some of the severity throughout the day, and the outline for the stock and the company is monday. it is not clear where we go. a lot of the questions around a lower price subscription with ads did not sound can create. the content pipeline, they said they have pared back spending to protect margins. you look at the drop, and i love this terminal chart. this is the biggest drop for the mega caps since facebook went

public in 2012. you are seeing that drop in the right hand side of your screen. we have been talking since the pandemic about netflix in the context of these mega cap tech stocks. now, the conversation seems really different. netflix is now the worst performing stock year-to-date on the s&p 100 -- s&p 500 and the nasdaq 100. it is a hell of a story. emily: ouch indeed. a lot of red. i want to stick with netflix. gerber kawasaki is also an investor in netflix. ross, this has got to hurt. ross: it hurts for sure in the short term. i bought a little bit myself today, to be honest. emily: why do you think the selloff is overdone? why do you keep attention?

ross: what has changed has really in my mind -- number one, i don't really see competition as being the biggest issue from other streamers. the competition is with real life, in real life is back. people are going out. people are going to vegas and disneyland. the problem is they are watching less netflix. when you look at how many people are getting netflix for free and but that market is, which is actually a third of their total subscribers, netflix still has a lot of room they could grow. i think another thing a lot of people are not talking about is this could be a byproduct of the work from home culture. netflix has really struggled with the work from home culture, because making movies and content is a collaborative process, and it has been very difficult. offices are called employees back into the office, starting this month. i think reed hastings and the team there are the smartest people in hollywood, and they are going to figure out new ways to monetize their brand.

i think we have to change the metrics that we are valuing netflix with, toward earnings growth and away from subscriber growth. when you look at that, netflix is a very cheap stock. emily: let's talk about ways they could unlock new growth. one, cracking down on password sharing. how much is that going to unlock? then there is the idea of an advertising supported model, streaming, or just making better content, which of all the options seems to be the hardest. ross: right now they have the most watched shows on television currently. i think it is inventing hannah, which my wife is watching like nonstop. they have the best producers in hollywood. the content is not the issue. the issue is monetizing the content in ways they have not in the past. i am a big believer that netflix needs to reinvent the theater experience around their shows and movies.

there are many ways they could monetize between merchandise, events, and communities they could build around their content, which they currently are not. secondly, you have mentioned very important areas, which is ad supported netflix lite. they take zero dollars on ad revenue. you look at youtube and how much money they are printing on advertising and the engagement, netflix has the same engagement level as youtube, and if they ran ads, they would be very successful and i would advertise on netflix for sure, you know to mark that is another thing. and of course half the people in my office don't actually pay for netflix, so i asked them, but would get you to pay? it is the same thing with itunes and music, where people did not want to pay until it became a hassle to do it. netflix can employ several strategies to start monetizing these users, and we suspect they could capture another 20 million, 30 million users, maybe at a lower rate of cost, of

revenue, but certainly there is a lot of growth when you have 100 million subs who are paying. emily: you are also a tesla shareholder. the tesla earnings call has begun. we have been listening to the cfo deliver some prepared remarks, and elon musk is speaking now. we are going to bring you headlines as those roll in. curious what your thoughts are on the results. tesla had a better report than certainly netflix yesterday, but a lot going on in the world of elon musk. does it bother you as an investor that there are all of these many distractions? ross: clearly, they are not affecting tesla's focus. elon sort of lives on another planet we call mars, and he does not sleep, and he has a tremendous passion for making the world a better place, and doing it profitably. how he has executed with such a difficult supply chain environment, and manufacturing

environment, further shows the dominant mode that tesla has built around their business, and the foresight in being able to deliver so many vehicles profitably in this environment, where no other countries doing that in the industry, with traditional cars or ev. i think the lack of focus has caused netflix to drift a little bit, crating opportunity for long-term investors. tesla is a fully valued company that is executing really, really well, and i think will continue to for a long time, so this is really a special time for tesla, because next year looks even better, and there executing beautifully. emily: the cfo has been digging into the impact of the production shut down in shanghai, saying they lost about a month of build volume. they are working to get to full production as quickly as possible, but how big of a concern is this ongoing, given that the shanghai factory is such a linchpin of tesla's

production strategy? ross: i don't want to minimize the concern. china's failed covid policies are creating huge problems not just at tesla but at companies like apple and hardware businesses, technology, and other industries. we are seeing continued disruption even worse than we saw earlier, so i don't have a spin on that. what i do think is they just opened new factories in new markets that are not in china, and there could not be a better time for that to happen. what i do suspect is that china is going to be challenging for tesla over the next six months. i think it is a short-term issue, and i think it will hurt production in the short term, but i think they will make it up in the other factories, because i think we will see tremendous productivity and growth in berlin and austin.

i think within 60 days, they will have figured out how to make up all the production that might be lost. i think for sure we are going to see that in the quarter, and i don't think there is any spin off. emily: elon musk just gave a shout out to the factory, saying it has been a record quarter. they are working on a dedicated robo taxi with no steering wheel or petals. elon musk has talked quite boldly about things that will come in tesla's future, and many things have taken a while to come to fruition. some have not quite yet. but do you like the sound of that? ross: i do, and this is more of a convergence of the driving technology which is making a lot of progress currently, along with the idea of a cheaper vehicle that would cost less money, say a $30,000 price point instead of a $60,000 price point.

but we have seen tremendous demand from the rental car companies for low-end tesla's, whether it be hertz or others. i think tesla is like why should we make robo taxis for everybody else? we should make them for ourselves. especially this new vehicle, which is using the new battery cell technology. i suspect tesla feels they can build low cost vehicles using all their technology and battery technology as well as fuel-cell driving to create this master yellow cab without a human in it, and i think that is a reality. it is just how long it will take. i think that has been the challenge with the tesla. it is not the vision. it is how long it takes to achieve those visions. i don't know how long it is going to take, but i would not be bidding against elon. i am betting with him. emily: he is saying he hopes to reach volume production in 2024, and says this will be a massive driver of tesla growth.

i recently sat down with aisha evans, the ceo of zug's -- zooks, the self driving robo taxi company that amazon bought. ross gerber, always good to have you and your colorful opinions here on the show. thank you for stopping by. coming up, the future of blockchain gaming. we are going to talk about how the gaming industry and crypto can bring it together as we head into the metaverse, and why investors are already hyped. ♪

emily: we are going to get to our crib though in a moment, but elon musk sing the first quarter was a record on many levels, congratulating the tesla team despite facing many headwinds, also giving a special shout out to the china team at the factory in shanghai. he also says they're working on a new vehicle, a dedicated robo taxi that won't have a steering wheel or pedals. it could be a massive driver of tesla growth in the future. we continue to monitor headlines from that call and bring you more as they roll in to our crypto report. i want to bring in a venture capital form -- firm that has raised money for a fund focused on gaming startups from web three. founder michael anderson joins me now. talk about the advantages of being a web three native venture capital firm and competing in an

industry where venture capitalists go about their businesses in more traditional ways than they have been doing for decades. michael: one of the things that separates us from traditional venture investors, especially in the web three space, is that we have more engineers on the team and we have venture investors. when we make an investment, we are building alongside the investments that we make, and partnering at a really deep level for the founding teams we are backing. because of this, we have been able to really help dictate the investments we make, and how to understand where things are going with new opportunities before they arise and where anybody else can notice them. emily: what are those opportunities? you have announced a $400 million fund. you have a lot of money including traditional money chasing the startups. what do you believe that is out

there that is unique? michael: when we started framework in 2019, we were one of the first firms to bet the firm on the ifa -- difa, which is the core application being developed for web three, and what we see is that blockchain based gaming, and what we see is the potential for blockchain based gaming into the next couple of years is the same opportunity we saw with defi in 2019. we can get these developers who have been on consuls, on pc's, on mobile, and build on a factor that does not -- that is not possible today. emily: michael anderson, thanks for joining us. coming up, aisha evans, the ceo

of the autonomous vehicle company zook. how she plans on competing with tesla, especially now that elon musk has said they are working on a robo taxi with no pedals or steering wheel. aisha evans up next. ♪

emily: as we continue to monitor tesla results, i spoke exclusively with aircha -- aicha evans, the autonomous driving company ceo. we talked about what it takes to turn a startup into a global ride-hailing giant, including competing with tesla. aicha: this is silicon valley. we are disruptors. having said that, we are not

exactly in the same business. we do not sell cars to people. we sell rights to people. our customers are not drivers. they are riders. they are in the car selling business. emily: how does zoox fit into the future of amazon? aicha: that story has let -- has yet to be bidding. we hope to deliver on the promise of a new segment and sort of a big business, and one of those in the tradition of amazon. we know there is a world of possibilities. you have to earn it, right? before we talk about sort of synergies and opportunities together -- 0% of anything is still zero, and it will be for a long time. we have to get to market, and then there is a myriad of possibilities. emily: are you going to be dropping off my boxes? aicha: potentially if that is the right thing to do and it makes sense to do so.

we have to make sure it will take you everywhere you need to go without having to worry about parking. emily: what is it like having amazon as your boss? aicha: and has been good. we are an independent subsidiary of amazon, and we agree on what is going to happen, why it is going to happen. emily: how often do you talk to jeff bezos or andy jaffe? aicha: i don't talk to them that often. have a monthly or quarterly business review. it is not like we are best these on the phone. -- besties emily: emily: on the phone. -- it's not like we are besties. emily: what is amazon expecting of you? aicha: that we execute. emily: google is a well-funded competitor. are you getting what you need? aicha: more than i need. it is not something i worry about. emily: what is it like to

operate when money is not an issue? aicha: we have to be careful because you do not want to be a drunken sailor. we have to be disciplined. you have to manage the phases of the business. how do we execute? how do we make our milestones? how do we get to market? were things organized properly? how do we hire? how do we retrain? emily: the public seems to have lost interest in waiting around for self driving cars. i was in a google self-driving car in 2011 and i am still waiting to be able to buy or just ride a self-driving car on demand. aicha: in self-driving, the opportunity is so clear. the research is so -- the reach is so broad. second, it is a hard problem to solve. we talk a lot about human error

and it comes to driving. we also forget that at least in the united states of america, humans collectively drive 100 million miles before having a fatality. that is a lot of miles. humans are pretty good. the things humans are good at -- exception handling. we all know how to drive. if you were fully autonomous -- we are driving among humans and you have to deal with so many little scenarios. there are so many things we have been learning about driving since birth. codifying that, using ai sensors and computers, is turning out to be a lot harder. emily: you can catch more of my conversation with the zoox ceo tonight at 9:30 eastern on bloomberg television. could zoox be delivering my amazon packages one day? i want to get back to the latest on the tesla earnings call and bring back ed ludlow. it is interesting.

elon musk just described what sounds a lot like zoox, saying tesla is working on a robo taxi with no steering wheel, no pedals, neither of which zoox have. ed: tesla is working on mass production by 2024. there was criticism on the call, questions about overpromising on full self-driving. but this purpose built car seems to be the big takeaway. emily: it seems it will drive massive growth. has made bold predictions about timelines before. ed: and he has gotten the wrong. this is happening in parallel with promising truck production, the continuing ethics investigation. the future is fleet based. don't own your own vehicle. sounds a lot like zoox. emily: we have not heard anything about 4/20 or twitter on the call. ed: musk did not start. the cfo did. and musk made very deliberate

prepared remarks, which is not much like him. emily: he did not go off script yet. ed: not off script yet. emily: we have to see how the call goes on for. it is about an hour. he will take questions from institutional investors, retail investors, analysts. that is where the riffing will happen. ed: and they have got to ask, what is going on with the twitter bid? emily: we have seen shares take a leg down since all of this drama started to unfold. if you are a tesla investor, maybe you don't want elon musk to buy twitter. ed: that is a question. how can he run all these companies? emily: multitasking is nothing new to elon musk. there is an argument to be made there. but we will listen in for all the headlines. stay tuned to bloomberg television for more. that does it for this edition of bloomberg technology. we are back tomorrow the managing director of mk am, talking about snap. don't forget to check out our

podcast. find it anywhere you get your podcasts. i am emily chang in san francisco. this is bloomberg. ♪

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haidi: a very warm welcome to daybreak australia. you're counting down to asia's major market open. shery: good evening from new york. the top stories this hour, the fed warns high inflation and geopolitics are clouding the outlook for growth. the san francisco fed president says the central bank should raise rates expeditiously to neutral by the end of the year. haidi: u.s. stocks swing as

treasuries