>> from the heart of where innovation, money, and power collide in silicon valley and beyond, this is "bloomberg technology" with emily chang.

emily: i am emily chang in san francisco, this is "bloomberg technology." how would delaware court could force ideal from daily signs allowing twitter to seize his assets. we will talk about all the ways musk could be held to his word if he loses was shaping up to be an epic legal battle. plus pinterest gets a big boost from elliott management after the activist investor takes 89% --a 9% stake in company shares jumping after hours. amazon had a surprisingly strong day, sales jumped. we will break down all of the data. all that in a moment, but big first tech moves after hours as we mentioned pinterest jumping, snap soaring.

in a flurry of late afternoon trades. ed ludlow with us for more. >> broadly we had a down market, s&p 500 softer by .3 of 1%, a lot of that speak, we had the hot inflation print earlier in the week. a lot of chatter that the next fed move will be a 100 basis point hike putting toward recession territory. potentially is a fight inflation. you had a fed speech out thursday with a lot of names saying 75 basis points and the nasdaq 100 closing up .3 of 1%. we did see yields push higher backdoor that 3% mark. we have been fluctuating. the big picture, look at this terminal chart. keeping an eye on evaluations. we are asking where the bottom is at. we look at the valuations for the nasdaq 100, four month price to earnings. we sound now considerably. the question is when will buyers start coming back into this

market? when will we get over the psychology of what the fed is or is not going to do? as you mentioned there is always news in the world of technology. forget the macro picture these are company specific things. pinterest up 18% after hours. according to a wall street journal report elliott, an activist investor taking estate, sending this shares higher. snap has been as -- up as much as 5%. being carried by the momentum. we do not know much more than that. pinterest has been talking with elliott management in recent weeks. we will find out. emily: interesting news out of facebook/meta. it will allow folks to have up to five profiles. >> this is interesting, because we have been talking a lot about accounts on twitter platform, the number of fake accounts, bots. meta coming out saying they will allow facebook users to have up

to five profiles in total. that did not do much to boost the stock, one of the biggest point drags on the nasdaq was meta. down three percentage points. ending up the green half a percent because reported the ai chief resigned yesterday evening or wednesday evening, and it had been significantly lower coming back. some other names i am keeping an eye on booking holdings, travel , stocks, airbnb in the red. as trouble chaos continues in europe. interesting, what do i do everyday when i wake up? you know exactly what i do. i go on twitter. twitter was not working thursday morning. emily: it was not working on thursday morning. thank you for always covering our basis. meantime, elon musk known for his delight in divine authority is ordered to complete is $44 billion purchase of twitter, and he refuses. how can a delaware court force his hand?

that is something we have been exploring. i want to bring in kurt wagner to discuss. if you go through twitter's complaint they come out swinging. they want to do this deal. this is not posturing or ceremony. they want their $44 billion. can the court force musk to pay up? >> it sounds like the answer is yes. thankfully our colleagues are , closer to the court and they said they could slap a big fine on elon musk. >> a daily find even. >> even the richest man in the world might not want to pay a fine every single day. they could seize his assets, and that could include tesla stock. those are the main motivators to do a deal like this. on top of, of course actually paying the money. emily: they could also allow twitter to seize his assets. which i found interesting. >> i am not sure twitter would want to seize his assets at this point. i find this thing to be

interesting and complicated, because think about this, for 60 pages twitter is saying here is a guy who is acting in bad faith, lying, misrepresenting, and now we want him to own the company and be everybody's boss. it is a very complicated issue. emily: we pulled some quotes and it is kind of a riveting read written in a conversational way. musk apparently believes that he unlike every other party is free to change his mind, disrupt the operation, destroy shareholder value and walk away. his exit strategy is a model of hypocrisy. and then there is this that he exhibited little interest in understanding twitter's process. for estimating spam accounts. in a june 30 conversation he acknowledged he had not read the detailed summary of the sampling process provided back in may.

people offered to spend time with musk to review it. that meeting never happened despite twitter's best efforts. what do you make of that? >> twitter went out of its way to show or paint a picture of someone who had lost interest in this deal. from june 23 when bob swan who was leading the musk deal team, he left. from then on to the fourth of july the company said we had trouble getting in touch with them. we try to have meetings. he would not show up. when he did show up he was not prepared. they are trying to convey elon set back from this deal that is why it fell apart. not because anything twitter did. emily: elon musk does not shy away from a fight even with major regulators. we are not expecting me to back down -- him to back them. >> i have seen people speculate, why not come into a settlement? why doesn't he pay half the settlement.

can you imagine elon musk saying i will pay $20 billion, i will be the loser in this situation. i have a tough time imagining that. it seems like it will be $44 billion were nothing. it is extreme, but is hard to imagine a ground. emily: certainly something we will continue to follow. thank you, kurt wagner. payment company stripe as told -- has told staffers the private market valuation of the company has dropped more than 27%. the new implied valuation is $74 billion down from $95 billion in its most recent fundraising as the stock prices of publicly traded peers continue to plummet. coming up, with roe v. wade overturned women are turning to telehealth for reproductive health. we will speak to a guest about the company's role in a post-roe world. this is bloomberg. ♪

emily: the overturning of roe v. wade, the employee benefit package might be the only way women seeking abortions and even afford it. tech giants have responded to the ruling by pledging support and financial assistance, but how is this playing out in the aftermath? joining us now is ceo of a women's and family health clinic that partners with microsoft, l'oreal, and at&t. thank you for joining us. in one ruling, the rules changed for women across the country. what happened in the aftermath? what have you seen? >> we knew this was coming. ever since sb eight in the fall, a lot of people in the medical

community were predicting this. we work with a lot of employers. we have benefits from fertility to maternity and a lot of them did not know what to make it. the second the supreme court decision was struck down even our most conservative clients that previously did not want take positions stood up and designed employee benefit packages through maven and of the services to promote travel across state lines, pregnancy options, counseling and a lot of other things. that was encouraging. emily: what kind of demand and request for you seeing from maven members? are you seeing a surge in requests for reproductive health? >> anxiety, mental health is up but it is not just maven members, we are paying attention to providers. one of the things we have been hearing 50% of u.s. counties do , not have an ob/gyn. a lot of those are in states where they are restricting

abortion access. a lot of our clinicians are concerned, we are hearing people are going to move, that will create more provider shortages. it is both the members but also the providers themselves. emily: did you just save 50% of u.s. counties do not have an ob/gyn? >> correct. emily: isn't that just a basic level of care for women's health needs? >> i think one of the reasons i started maven eight years ago is that women's health has always been underserved. a lot of these statistics people do not pay attention to. the medical community is afraid it will be even more exacerbated with this ruling. emily: here is a question. there are companies and startups like yours that are now potentially serving women in states where abortion is illegal. how are you navigating that? >> what we always think about is the well-being of our members

and providers is always first and foremost. we also have to be in compliance with the law. our legal team, there is a lot that is uncertain, it is working overtime to try to understand this. we have to obviously be in compliance. the well-being of many of our members in those states as evidenced by increased as for support around emotional well-being and the uncertainty of bringing kids up in this world. what do you say, how do you explain what is going on? we are seeing all that on our cap form -- platform. emily: meantime, you have got a number of companies that have come out and said we will cover travel benefits for employees that need to cross state lines. uber, lift, doordash have said they would do this. bloomberg has a story out that says they are not doing this for shoppers or drivers or contractors on their platforms. what do you think the responsibility of these employers are? >> well, i think we are living

in a world, the employee benefits industry, we see less and less services offered by the government as companies and a lot of our clients are stepping up to fill a lot of the gaps at the end of the day your people are everything. when you are growing your business. not only are you helping your people. there is an economic argument for talent attraction and retention and creating a good culture so that your people can be their most productive and they are happiest at work. emily: meantime, there are some states, i am thinking about kentucky, that would create laws that define life right after fertilization which would put ivf and fertility treatments in danger. you are seeing patients, we are hearing you are seeing some patients trying to move their embryos out of the state.

are you seeing this? >> yes, we do support financials around moving embryos across state lines. through our maven well benefit. what we hear in the fertility community is there is still so much uncertainty, so a lot of people do not know what is going on. the embryo transfer is a precaution. i will say hopefully as a lot of this data comes out where this is bad for business and a lot of these states, it is bad for people, families, women that hopefully some of these more extreme bills in the state senate will not get past. -- passed. emily: what are your biggest fears? there are so many cascading issues here what do you worry , about the most? >> the saddest thing about this is it disproportionately affects already vulnerable patients.

lower income women, black women, there is already a maternal health crisis in this country. when you look at the data coming out of state with trigger laws that will have more restrictive abortion access, the maternal mortality rate is two times that of other states. already when we have the highest mortality -- maternal mortality rate in the developed world and we are restricting access even more in women's health where , about one out of four women get abortion in their lifetime. it is a common procedure and part of standard health care in women's health. this is going to make outcomes even worse, it will hurt women, hurt families, and i hope that quickly states will get on the right side of this and recognize this is just self-care. -- health care. emily: ceo of maven, appreciate you sharing your perspective. >> thank you for having me. emily: coming up, amazon pushing

to end two investigations by the european union? could this be a blueprint for tech compromises around the world? we will discuss. this is bloomberg. ♪

emily: pinterest shares jumped more than 20% in late trading after dow jones reported elliott management has taken a stake in the company. our very own alex barinka joins us now to discuss. why are shares jumping on this news? >> investors are looking for something to happen at pinterest. pinterest has had an interesting go of it the last couple of years. both potentially, they are seeing strong ad sales but they users fall off, a decline in the last quarter. this company has been around for

a while, there has been a lot of questions as to where growth comes next? you will recall not too long ago there were talks of paypal for a potential deal. the company has been trying to expand into more arenas like e-commerce. between that and the longtime ceo stepping back from that role, it seems like elliott sees an opportunity to shake things up push for changes -- and push for changes. emily: as you jacob with ben silverman leaving, longtime former payments executive. got bought by paypal, taking over. do we know yet what the plans are? we do not know yet but this is a guy that comes from google, comes from the ad side.

this is a guy who has spent a lot of his time figuring out how to make money online. that would be the area i would expect this company to focus on. it is the area where we have seen pressure on this company, questions on this company from the analysts and the investor community until now. whether or not elliott is on the same brainwave as will takes the helm of interest remains to be seen. if are looking at his background and saying was the most opportune for him to leave -- lane in it would be to do counteract the user decline, and revenue more than 18% increases on the last quarter. emily: alex, thank you for giving us that context from los angeles. appreciate it. amazon is a step closer to settling two eu antitrust investigations being accused to

use third-party seller data to unfairly favor its own product. the european commission is asking amazon competitors for feedback on the proposed settlement and amazon is engaging constructively. is proposing? >> i think they are meaningful. a proposal to buy a second project. -- product. not just what amazon recommends, but a second-tier. if you went inside the seattle for amazon they said they are fine with this. they have to promise they are not going to break the rules. and offer sellers another option to be seen. emily: obviously big tech is facing regulatory scrutiny around the world. it is what amazon doing potentially a harbinger of compromises to come from others?

>> this is the compromises that would like to see. they would like this more than antitrust bills being kicked around in u.s. congress which strikes them as a more structural risk. they do not want to do anything that changes how they run their marketplace. and their retail website at its core, this e.u. thing is that deal for them. emily: you are reporting today that unionization efforts at amazon warehouses in new york are losing momentum after a major victory at at least one warehouse in new york. what is happening? >> the amazon labor union the , upstart union in staten island, they were on top of the world when they won. they got the rights for barter -- to bargain for workers at one facility. at one facility they lost their second election and they paused efforts organized two more places. they are playing defense. they are trying to hold on to their win. they were board hearings amazon has challenged a first result. they could do no wrong a few months ago they have now gotten

to the hard part. emily: chris smalls who we just saw popping champagne, he also testified at hearings where amazon had been protesting the win. what happened? >> he is unable permanent tour of other labor groups and speaking engagements. amazon worked hard to pegged him as a rule breaker, trespassing. all these things, small has done his best efforts to keep it at arm's length. it has been a really contentious process so far love stepping back and forth. emily: what about unionization elsewhere? are we seeing efforts gaining momentum? >> there are glimmers. in the last couple of weeks a , couple of outfits, one in upstate new york and one in kentucky say they will affiliate with the amazon labor union. we're and see how for that goes. north carolina, we have heard in the last few weeks.

there is the race too close to call at bessemer, alabama. definitely still something taking up a lot of the executive time. emily: matt day, thank you so much. jeff bezos has twitted -- we did the trailer for the long awaited lord of the rings series. coming in september. prime video will release the drama to subscribers into an 40 countries and territories worldwide, the streaming service will upload weekly episodes throughout the season. we will see if it lives up to the hype. coming up is big tech losing its , edge? we will speak to our guest about whether top u.s. tech giants are conceding too much ground to tiktok and other chinese competitors. she is up next. this is bloomberg. ♪

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emily: welcome back. shares of chinese tech companies dropped after a flood of news.

bloomberg's ed ludlow back with a list headlines on that. ed: you look at the nasdaq golden dragon china index which is an index of the u.s. listed shares of chinese tech companies down 2%. during thursday's session. on track for their worst week since may. the big report on thursday was that alibaba executives have been summoned by regulators over data theft coming from china's police database. that has ignited more concern about regulatory crackdown of tech companies in china. there is other big news out there we will talk more in the , show about what the u.s. is doing to make itself more competitive strategically against the chinese technology sector. you'll remember on monday, there were regulatory fines placed on chinese companies. year to date the u.s. listed , shares of chinese tech companies have started to outperform the nasdaq 100. starting to feel better about

regulatory environment in china which is helped boost the index because of course, they had a third wave of covid and covid restrictions in the country which eased the boost to the tech sector as well. now with the news this week we are starting to get bloomberg exclusive reporting citing sources that chinese authorities are concerned about capital outflow. in a high rate environment to gain cosine what the fed is doing. we have been very distracted recently. pay attention to china and look at how the market is reacting. emily: we will pay attention right now. thank you. u.s. listed china stocks tumbling leaving them poised for their steepest loss since march. this is after a report alibaba is facing an inquiry in china in connection with a data theft and new regulatory concerns. joining us now is edith yeung from race capital.

what is your take on this fresh round of regulatory scrutiny on big tech giants that has been ebbing and flowing for the last several years now? >> all tech companies and founders have been walking on eggshells. there's a lot of different changes. security law, privacy regulatory, it's been very tough not just for alibaba and tencent of the world but also earlier stage. many of them have been waiting to get listed in the u.s.. a lot of the companies i am aware of either wanted to go through spac's, now the chinese companies are changing course think about shanghai. it is been really tough for the tech industry in china. emily: there are two thoughts going on here. one is that the chinese regulatory crackdown could destroy these tech companies. which is true? >> i think some of the biggest chinese companies including alibaba make most of their

business it's not in the u.s.. many of my friends don't know what wechat is all about. the big tech giants come at the core business that is still in mainland china is a parallel universe in terms of tech. having said that, i think new companies are thinking this is not going overseas, it's about global markets similar to -- -- bytedance. from day they wanted to be one international but the international chinese version of tiktok is a completely different wave of operating in terms of product. a lot of the chinese companies wanted to do respect and international market but they have the ambition to be global companies from day one. emily: that brings me to the tiktok in the united states know which is constantly brought up as doing things better than facebook and google and all of these u.s.-based tech companies. what do you think?

>> there's no better or worse. obviously in china, there's not , much of data privacy as such. therefore in terms of ai , definitely the ability of machine learning in china is insane. is not just for social network. in fact for electronic vehicles, , it's crazy. i saw news that one company in terms of ev's has more than tesla. in some sense. there is no competition in the way you do machine learning in english versus chinese is quite different. it's not a win lose situation, it's a parallel universe in terms of internet. emily: what about web 3, who is winning? >> not china. there is no crypto trading. no nft, no bitcoin mining. it cannot be offered to chinese

citizens. many of my friends in china that are in web three have moved to singapore or the uae, those are some of the hotspots. emily: china could get left behind. >> it's possible. in risk capital we meet a lot of founders that left china but they are now and singapore. they are now a singaporean company. in some sense why ftx has moved to the bahamas for similar reasons. emily: what do you make of crypto volatility? just had a headline cross that coinbase is now dropping out of the top 10 exchanges in the world by volume. >> if you look at the top 10 in the world, originally native from china. the finance or of course ftx, to start with one started in hong , kong, the role of trading users and volume outside of the u.s. is much larger than the

u.s.. it's not surprising coinbase sooner later will drop below. but having said that top five in , terms of number of users, coinbase is still top three. in general, i think the total combined market cap trading volume is now back over $900 billion. it's not as bad as 30 days ago, but the rest of the world particularly in asia is now catching up like beyond just the u.s. trading volume. emily: the question is how long does the winter last? >> who knows. emily: thank you for stopping by. coming up, policymakers are rethinking crypto energy rules. this amid record high temperatures in europe and heat waves across the u.s.. our crypto report is coming up. this is bloomberg. ♪

emily: bitcoin miner's in texas are taking the week off to keep the energy grid in intact. right now, western europe is undergoing record high temperatures. most of the u.s., particularly the south is preparing for a triple digit heat wave this weekend. the hot weather, the war in ukraine, supply chain bottlenecks are sending energy costs higher and that is beginning to impact bitcoin mining. bloomberg sonali basak joins us. how is that energy crunch impacting them? >> it is very simple, if they

turn off the machines, it is impacting profitability. it has already been a tough year for bitcoin in general. you have going related stocks taking a hit just due to the price volatility. some of them are bouncing back. right blockchain is tied very highly to mining. more than 76% this year alone. if you look at core scientific come at drop is even bigger. it's 86% for the year. to give you a sense of how big the mining load in texas is, over 1% of the total grid capacity being pushed back represents all of the industrial scale bitcoin mining, it represents a significant amount of the household energy usage. this is a significant move as we have seen a number of companies move to texas to take advantage of the energy system the power grid over there and now you are seeing what that strain can look like when it comes under pressure.

emily: i want to bring in kathleen brightman she is cofounder of the blockchain platform, i am curious how this is playing out from your perspective, you are seeing these miners shutting down their operations in texas. what does this look like from inside the industry? >> i think the issue of mining in texas is fraught in both ways. unfortunately there are number people who nearly froze to death earlier this year because of similar issues with the energy grid. bitcoin miner's and promoters who tout the greatness of proof of work tend to argue that this is like a battery. that is not the case. a one-way battery is not a battery. a lot of the strength that has been argued about proof of work is that it is a source that can be tapped into, but it is a massive suck on the grid. emily: how do you see this

playing out? i wonder if there is an upside forcing miners to think about how to make the process more sustainable? >> i cofounded cryptocurrency called tether which is proof of stake. most cryptocurrencies have launched a last few years use proof of stake because it is the best technology in class. a lot of arguments about bitcoin is that it's like a weird vestigial organ that has been attached to bitcoin the has an irreverence for no reason. from the people who own too much bitcoin to about it on the rise. emily: it's interesting because you see the proof of stake concept as it pertains to ethereum emerge as well. some of the complications around that, how does it complicate the struggle between proof of stake versus work and the reliance on energy as it pertains to it? >> as you look back at the original marketing materials for the fundraiser in 2014, they advertised them selves as proof

of stake. they have been talking out of both sides of their mouth when they discuss their imminent transition and the benefits of proof of stake versus poof of work. what's interesting is with the recent market crash in cryptocurrency, there has been a token column -- called state ethereum. this is meant to be some test for approval stake. if you take state ethereum, but not the other way around, they have this inflationary reward people would borrow ethereum and by state if the rim. that -- it's three men that took a lot of ethereum out of circulation that had a positive effect on the price. in reality is no different than some like hex that has seen a crash last few weeks. is a token that pays you for

freezing at the logging freezer the more you roughly -- the more you receive. that is a token that the more you leave the more you receive but it's all inflation. emily: that's a big statement. how do you think about that inflation within ethereum and prices you have seen and the broader ramifications that has for the system? >> over the last few weeks, there have been a number of different crises. we have cryptic currencies own version of three arrows capital, but with crypto come allow the reason there is so much contagion in the cryptocurrency space, and there's been a lot of deleterious effect is largely because they saw it as a sure bet. it is not too dissimilar from the smartest people in the room having models predicated on nonsense. emily: how are you watching the market fallout? we saw the celsius bankruptcy filing.

the crypto winter getting colder and colder. what is your prediction about his continued to play out? >> as your colleague always says, they could always go down by 100%. those of us who have been in the industry for some time, it's completely unsurprising that something like celsius would go bankrupt because economics has laws that transcend the word blockchain. contrary to popular belief by some people who analyze it. i think that there are some things that were protectable and some things less so for example three arrows capital made a number of equity investments and as part of their equity investments, they would often offer to manage the treasury for some, that is unexpectedly bad uniquely bad i would say. , a lot of shakeout from things that wouldn't have worked, you can't make a sustainable protocol or business based on the theory that the number will always go up.

which was the model going into this. emily: we all love quoting joe weisenthal. thank you both. coming up, it turns out amazon is not past its prime. web sales up 8.5% during the prime day sales event. we will bring you all the details next. this is bloomberg. ♪

>> this week is prime day 2022 and amazon says that overall savings for members top $1.7

billion making it the biggest prime day to date. amazon prime day is a two day shopping event geared towards prime subscribers where the company and many retailers give -- resellers give some of their best discounts of the year. amazon says over 100,000 items were bought per minute during the event topping 300 million items in total. the bestsellers were premium beauty products, rachael ray kitchen accessories, carwash accessories, pet products, crest toothpaste and oral-b electric toothbrushes, clothing for kids and items from levis, air purifiers, lunchboxes, vacuums, and lego sets. for the summer of course sunglasses and swimsuits were , also popular. for us tech fans are also some strong deals leading to a normal number of beats by drae

purchases. this comes as apple and its resale partners look to clear inventory for three new apple watches coming this fall and beats by dre is always working on new headphones and earbuds. for its part, amazon also said its own consumer devices were strong sellers ring the event. ever to clearly pointed out the fire tv, eco speakers and blink home security devices as doing well. if you missed out, there are early indicators the company will hold a second event this fall so stay tuned for more details. i am mark, this is power on. emily: i want to stick with amazon's prime event. a 10 year amazon veteran, melissa anecdotally, i feel like , i got a few more things on prime day than usual. i don't know if that's an example of a broader trend. how did it stack up for you?

>> if you notice what he was just talking about in terms of what people were buying, it was different this year. it was a bigger focus on household essentials. usually, prime day is a big big ticket item event. this year i think we are seeing a lot of inflationary impact. food prices are up over 12%. and inflation average of 9%. people were coming in looking for deals at least 30% off. top items day one with things like frito-lay chips, trash bags, dish sides, this is a year for some like that. i think what we are seeing is a different category shift of what people are buying this year. emily: why did it take so long for amazon to get right? i feel like we have talked about so many prime days over the years that were underwhelming. >> honestly, amazon did not lead as much with their electronic items.

their brands. the heavily discounted products were up to 48% off but they had a good year with their own private label products. in the past, instant pot, irobot , 23 and median a kids -- dna kits were big products they were pushing. this year, they did a couple of different things. one was personalization. you had more personalized items for you when you log in. they also had a better emphasis on influencer marketing. in my opinion that had a hit and miss. the hit was they did a much better job of timing influencers -- priming influencers off of amazon. the miss that i saw this year was a continuation of amazon livestream. that is there qvc influencers talking about products and the chatter that i have heard about

is people didn't find it productive or engaging although it was something that amazon called out today in their notes that they had 100 million views of the livestream. it continues to be something that they focus on, but hopefully they will get it better for the next time in the fall. emily: let's talk about v2 what do you think they will learn from this and what are you expecting this fall? >> that's the beauty of amazon. the constant test and learn. personalization influencer , marketing, customization, the way people are buying more products, they will learn from that and focus on the two. when things elect about the prime day in october, in 2020, they moved prime date from the summer to the fall during the pandemic. that spread out the demand during q4 and it sped up people buying things earlier in q4. that has a lot of benefits for amazon. emily: something we haven't

talked about as much is advertising on amazon. i understand that was a bigger story this time around. >> every prime day, people spend more money. it was a question because of inflation. would advertisers come in? they absolutely did. we did a study of some of our clients and we found that it -- cpm increased 36 to 75% above normal levels. there were millions more impressions meaning so much more traffic they were able to take advantage of. amazon also has a great metric for companies called new to brand. that metric shows incremental people coming and buying their brand. that was hundreds of basis points. emily: maybe it's not that the deals were better, but also that the advertising is more effective ?the deals were more

-- effective? >> yes and it was a great opportunity. amazon has a self-serve ad program. it's a great way for brands to be able to take advantage of the traffic and be able to drive people to their products. emily: here's to the instant pot. thank you as always for joining us. that does it for this edition of bloomberg technology. tomorrow we will talk to a blockchain guru. anthony, about his employment training business specifically for crypto. they just raised from new cash. don't forget to check out our podcast. you can find it everywhere you get your podcasts. and of course bloomberg.com. this is bloomberg. ♪

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