>> in silicon valley and beyond, this is "bloomberg technology" with emily chang.

>> this is bloomberg technology. coming up, netflix kicks off big tech earnings tuesday followed by tesla and how low is the bar this quarter and will stocks continue to fall after earnings beats? plus kanye west or ye as he is now known buys a social media platform used by conservatives who departed twitter after accusations of censorship. texas needs more details from ftx to buy voyagers assets. we will have more on the investigation. first and foremost, we are going to get started with the markets, with stocks surging monday, traders snapping up tech shares ahead of key earnings. you have the key movers. >> it was an interesting session. tech outperforming, the nasdaq 100 having its best day since

july and for all the fake speak i suppose and economic risk we are turning very quickly our attention toward earnings. it was this risk off mentality. yields did not move as much as one might expect. the big outperformer's coming in the nasdaq 100. we are going to ease into it. you turn to market cap at least in the technology sector, the s&p 500 reports this week. netflix, tesla, snap as we mentioned, it is the week beginning october 24 where you start to get the mega caps coming with their numbers. what is clear is the expectations have come down, earnings revisions picked up steam, the optimist in me says with those earnings revisions, the bar is low in terms of having to clear hurdles. as we said in the intro, where do you go? if it is a beat or a miss, how much movement will it be? the mega caps kind of lead the

charge monday but tesla up 7%, pretty significant gain, but not enough to reverse the losses we saw friday. that stock dropped 7.6% on friday. netflix as well outperforming, up 6.5% going into this earnings season. it is a weird one to get your head around. expectations are low but at least we start the week rightly. -- brightly. caroline: as long as you are along the market. -- you are long the market. let's have a talk about the on-again and off-again, risk on, risk off violent moves we see in the market and if the valuations are ready buying opportunity. dan morgan is with us, before we get into the nitty-gritty of the earnings of what you expect, just that the levels, the whipsawing that we see day in and day out, do you think the erosion in value does mean we are at a buying point for growth stocks? >> i do not know if we can put the flag in the sand and say we are at a buying point.

reiterating what we said earlier, going into the upcoming third quarter the consensus is calling for the overall technology sector to drop in earnings by about 7%. the semiconductors which we have talked about before with nvidia and micron the last couple weeks, that's expected to drop 14%. i think the expectations are so low that if we -- if they get growth out of any of the tech stocks including netflix if it is topline growth there will be happy. we have to work through these fed increases before we draw the line in the sand and say here is the inflection point and we can move on and start feeling positive about tech. caroline: the macro dictates the micro at the moment, let's talk about the micro and netflix. are you expecting any steer on resilience from the consumer right now? >> you have to bear in mind that netflix has reported consecutive two quarters of negative consumer growth.

coming into this quarter we are looking for a million new subscribers. we know they're talking about going to a new platform in terms of advertising revenue, how that will affect them they have been working on password sharing issues. i think the big bogey for netflix this quarter, the consensus for the fourth quarter is they are looking for 4 million new subscribers. that seems high. caroline: we are still bullish on the advertising models. i'm interested in what you think of tesla, which is retail motivated, what do you like to see in terms of growth when it comes to competition like mercedes? >> we do not follow tesla, it is an auto stock. it does not fit in our bracket in terms of technology. unfortunately i do not have much to add. caroline: apologies for that, a misfire.

thank you for bearing with me. let's talk about where you are going to be guiding, ibm for example. this is a company that has been relatively in growth mode. would you like to see the corporate side of demand stay resolute? >> ibm is interesting because they had a good number in their last quarter, the second quarter, coming into the third quarter there are concerns about how wage growth will impact the consulting business. they are expected take on a -- an eight percentage point negative impact from currency. if you look at their model they generate 75% of their business from software consulting and 50% of the revenue is reoccurring. they are a very high cash flow stock. something your listeners can look at, the dividend is over 5%, it is only down 13% year-to-date where the s&p is down 25%. look at ibm as a value stock with very good cash flow. caroline: what has been interesting, over the last couple of earnings seasons, snap

has almost dictated sentiment leading into the metas and googles with the advertising model. they have become a bellwether. do you expect them on the upside of the downside? >> you are right, everyone followed them, second quarter revenues were only up 13% and they guided for third quarter revenues to be flat. since then things have improved, they're looking for revenues to grow 6%. they have had challenges as you know in terms of the change in privacy with apple. they have also had competitive issues with tiktok. but you are right, they are a company that will dictate what happens with alphabet, twitter, and meta-in terms of advertising revenue online and have the health of the business is going. caroline: of course you have twitter exposure as well. is twitter going to be anything

but the story of m&a? or are you going to be focused on fundamentals? >> twitter is a tough company because they do not see to ever grow their subscriber base. it has been very flat. you have the hype about elon musk wanting to buy the company and change it around. but if you look at their core growth trajectory it has been very benign compared to snap or meta-or alphabet over the last five years. they still have a lot of challenges, not only in the overall added spend market, expecting to slowed to 16% from 36% last year. they have issues and how they -- issues in terms of how they are structured. their average user time is about two minutes compared to facebook or meta-that was 30 minutes. giving you an idea of how long people stay on it and look at it , it is usually a quick interchange. that is another challenge for twitter going forward.

caroline: we want to thank you so much for your expertise, your years of experience of managing money and getting into the right stocks. meanwhile we were talking about twitter, some social media competition. maybe social medias focused on conservative voices. kanye west buying parler, what is his vision or the social media platform? and what does that tell us about the changing of the guard social media in general? we will talk about it with the ceo of parler's parent company , george farmer. this is bloomberg. ♪

caroline: ye, formerly known as kanye west has agreed to buy parler. the social media platform has been embraced by conservatives who have left twitter over allegations of a little censorship. -- of political censorship. the ceo of the parent company of parler is george farmer. he is joining us now from the future under ye. first and foremost, what does he bring you? you will still be doing the underlying technology if i am right. what is he bring in terms of leadership and ownership? >> i think he brings a vision to the platform that is much needed. you have seen the rise of personalities surrounding social media apps. whether it be elon musk on twitter or donald trump on truth social. i think parler looks to a charismatic leader. in ye we have one who is going to bring the platform forward,

creatively, marketing perspective, from outreach, he's going to bring necessary creative talent to the platform. we are excited to work with him. and of course it puts us back on the map. which is something we have long aspired to be back on. caroline: were you worried about not being on the map? had you been losing members or users? >> i think it is fair to say the competitive landscape has become a lot more competitive. when parler was founded in 2018, it really was the only -- what i call free speech is a business social media app around. in the intermediate years, that landscape has become more competitive. it needs the leadership of a charismatic personality. as much as i like to complement myself on being a charismatic leader it is a different game when it comes to outreach and presence in existing social media apps. kanye, ye's presence on instant -- on instagram and twitter is

enormous. his outreaches global. this puts us in a position where he can accelerate the brand growth and he can grow the platform into something he wants it to be as well as to complement our existing technology infrastructure. caroline: what does he think the platform and brand is? how long has he been a user? how did this all unfold? >> it came about quite quickly. the deal really took shape in the last couple of weeks. the reason being because he himself has fallen victim to the cancel culture narrative that deplatformed him from twitter and instagram. he has been a proponent of free speech for a very long time. i think that the scales fell from his eyes in regards to big tech censorship in the last couple of weeks. that was when the conversation began in earnest, and took over -- the deal took shape in the last couple weeks. as i mentioned in the press release it will be concluded in q4.

we were keen to get the statement out to give a statement of intent of where the platform is going. caroline: i am interested, it -- he has been deep platform to -- deplatformed because of anti-semitic posts. how do you ensure you have the right line of what is free speech and what is hate speech? >> philosophically i take that back to a higher question which is who is in the position to make that decision? my question always in responses if i making that decision what right do i have to make that decision? parler has community guidelines which outlaws pornography, gore, violence, doxing, and those are stripped from the platform in their put up. we have a bot determinant that removes bots from the platform. beyond that, parler is a free

speech site and we believe in maximum allowable free speech. we believe in studies which have shown more speech actually cures bad speech in some ways. to show a bad idea is a good -- a bad idea a good idea is the best way to kill a bad idea. that is kind of what we believe. caroline: in terms of ideas of this deal, it has been noted by many that your wife, candace owens is someone who has been helping -- certainly kanye west himself came to her movie, has been talking about things she shone a light on. i'm curious how much she played a part in the deal in some way. >> my wife is a integral part of my life, be difficult to divorce everything we do with each other. we are a team. for sure she has a relationship with kanye. they talk about culture.

i would not have had my introduction to ye if it were not for her. the negotiation of the deal itself was left to me, i am more that aspect of our life. the technology aspect of the business aspect, she has her own successful business ventures. she is successful in her own right. she brought him into the conversation but the deal was negotiated by me. caroline: what about deals in the future? we saw an amusing tweet put out by elon musk. him and ye becoming a team with him as twitter and ye with parler. what do you make of that? is that the future you want for the company you built? >> i was highly entertained to see that tweet. strategic partnerships are on the table, absolutely. i said this morning in a comment

that i gave, we are at the end of the beginning of the start of the patriot economy. i think in the last five years you have seen a massive land grab in terms of companies launching and try to take positioning in the space. you see it in banking, social media, payment processing, everything from insurance to coffee. to everything in the world. what is happening now is the space has become quite crowded and you will see consolidation. you will see more m&a in the space. caroline: you might be bought? >> the decision is now ye's. we are excited to work with him on that possibility. there is absolutely a possibility he could want to turn the company around and sell it and make it part of something much bigger. or in turn he might be looking for acquisitions himself. that is a discussion i've yet to have with him. i think it is very exciting.

caroline: george, appreciate the time. meanwhile we have been talking about social media and the landscape, peter thiel has been backing some of those conservative entrants to the field. a german start up has gotten a big backing from elon musk, receiving funding. thiel says quantum systems is leaps ahead of the competition and supplied 42 drones to support the ukraine army. coming up instacart has slashed its valuation multiple times this year. is unicorn status -- killed in the world of big tech? we will have to work out whether unicorn should be a name anymore. my next guest thinks so. this is bloomberg. ♪ and it's easier than ever to■ get your projects done right.

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caroline: our next guest says by 2024 we will have redefined the term unicorn. entering perhaps a darwinian era for the tech sector? greg martin is a venture capitalist behind gopro, hotspot, and a cofounder of rainmaker securities, when the -- one of the largest platforms for trading shares of tech companies. first of all, talk to us why unicorn, maybe the term does not make sense? >> thank you for having me. if you look at the end of 2021 we had a thousand unicorns. private technology companies, market caps in excess of $1 billion. unprecedented levels of size of companies. undoubtedly there are great companies in that 1000 that do deserve to have the $1 billion

plus market cap and those companies will go public and be large in the public market someday. but a good percentage of them got way out over their skis on valuation. investors were looking for the next snowflake. the problem is there a very few companies that can aspire to those types of heights. i think that is why we will see a lot of these companies not not sustain unicorn status in the future. caroline: will we see them fading? do we see more m&a? what does darwinism, a darwinian era look like in that respect? >> there are truly companies that are of the size and scale and market leadership that will go public. they will grow their valuations. there are a lot of these companies that unfortunately, their valuations were set very high.

their businesses are still subscale. they were given a lot of cash to grow grow grow and the reality is the growth is not there for some of these businesses. those businesses will struggle to ever become profitable. so i think for those people -- there are those people and then there are a good number of companies that fit in that category. they will be looking for a home. i think the private financing markets are drying up for some of these companies. so they will be looking for a home. the good news is many of them have great products. there will be a very vibrant m&a market in the next two years. caroline: m&a, better valuations than previously for the buyer at least. for the seller and as and a talent member in these companies that is eroding market values. suddenly people that are being promised certain exits, liquidity moments, being paid in shares, how does that look for them? what does this mean for the

talent going forward? >> it is a big problem and you can see some companies are being proactive about that. instacart lowered their internal valuation again. the bar for a new employer executive coming in as much lower. if the bar is too high, the options or shares or what you get when you join the company will be out of money. i think you will see a lot of repricing of internal options to keep employee morale up. the last thing you want to do is work for a company that is worth 10 billion, but with your options it is only worth $1 billion. you want to make sure your equity has value. i think you will see a lot more of what instacart did today. caroline: do you see future unicorns being born in this era? many feel in the toughest of times, great stars are born out of them. do you see this could be an era of innovation or one of stealth

and lower growth for the timing? -- the time being? >> i absolutely think we will have many new unicorns that are born during this period. one of the things that covid accelerated was the adoption of new technology. a lot of the players were left behind, the legacy technology is behind the times. it has created an opening for innovative entrepreneurial businesses to seize the day and seize the moment and start is is -- start businesses that are on the path of progress. the next generation where technology is going. i think now is a good time to start a company. i just think we will not see as many unicorns as we did in 2021. caroline: we will not get started about decacorns. thank you very much. coming up we are going to talk about the need for more diversity in the world of vc. stephanie and melody will talk

to us about what it looks like on the ground right now. meanwhile we will be getting back into the what the markets made of the day. s&p 500 having one of its best days of of the best monday of the year. stay with us. tech stocks outperformed as we look ahead to some of those earnings. netflix on deck for tuesday. from new york, this is bloomberg. ♪

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caroline: this is "bloomberg technology," i am caroline hyde in new york. let's get back to the markets. let's get back to the chip sector in particular. bloomberg's ed ludlow with the latest in terms of semiconductor delivery times.

ed: the data coming from susquehanna financial group, 26.3 weeks, down four days from the previous month. that does not sound like much, but the biggest gap since between when it is delivered and the order is placed. it is the biggest month on month drop in leadtimes, since the firm started recording the data. there are still pockets of tightness and supply according to the confirm. particularly micro controllers and automotive specialized chips. you see the chart we are at elevated levels. this is a market where supply is an issue. at least we are now heading in the right direction. at the same time we hear these worrying signals about demand, amd whose third quarter sales estimates missed by a billion dollars. intel will be laying off a thousand workers because the demand for pc chips is dropping

off. there has been so much pain in the semiconductor sector, from the equity market perspective so far in 2022. this is a key earnings period where we try and work out what the balance is. where the demand is disappearing and supply is -- and where we net out for an industry you and i have been glued to for a good two years. caroline: it certainly has been. thank you for keeping us up-to-date on the moves of the day. let's go back to the news in terms of valuations in the private part of the market as of yet. let's talk venture capital. we will talk about gender, equity within, lack thereof, but nextview ventures just announced $200 million new funding round, the largest raised to date. let's bring in stephanie palmeri . as equal partners, she joins me alongside her partner, melody

koh. congratulations on the hiring, the beefing up on the team and counting $200 million. melody, let's talk about the seed funding with smaller checks being put to work. is now the time to see great businesses being built? melody: we are pretty excited. we think there is not a better time to be investing in early stage company at the formation stage. as always we are very excited to partner with founders at the concept stage, or founders that have gained a little bit of traction post launch. with the new $200 million under commitment across the early-stage seed fund and the first opportunity fund we call all access, we can partner with founders across the entire early-stage pre-seed spectrum. caroline: what is so impressive is the previous $100 million

investment vehicle, you put your money where your mouth is. stephanie, i am sure this experience, this proof point was what attracted you to joining nextview ventures. how do you remain and build on those commitments being a key founder of all raise? stephanie: absolutely. at the end of the day diverse teams invest in more diverse founders. i am proud that our team at nextview's representative and we can still be more representative of what we want to see in our industry. at the end of the day it was important for me to join a team that only diverse itself, but also values that in the founders it invests in. diversity means many things come -- diversity means many things, background, ethnicity, race, gender, as well as geography. caroline: i was interested, melody, when you see a downturn, how it tends to affect women and people of color building businesses.

when i look at the macro jobs data, within the numbers you see women to be the last one in and first one out. the participation rate eroded. are you worried about people backing away from their commitments made in 2021 to back diverse leaders? melody: during times like this there is differently a risk of going backwards. venture as an industry is fairly insulated and relationship driven. during times like this there is a challenge, for a lot of investors, hopefully not, but they might go back to their inner circles and founders that look more proven on paper. it is something we want to be conscious of and hopefully the industry at large can really try to pay extra attention, especially during times like this where it is easy to fall back into bad habits.

caroline: indeed, and always, stephanie, this was meant to help accelerate and shine a light on people of color, women who are building great businesses and help support and grow them. at this time, how are you finding the next exciting investments? you will be bicoastal with new york offices and san francisco. are you looking across the u.s.? globally? how are you finding these leaders? stephanie: i am proud to say we are looking across north america. we are tapping, obviously, into our diverse networks that we have within the nextview team. as well as more broadly speaking, we look at the founders we worked within the past, and those we co-invested with, and we have the flexibility to invest with not just the markets where we are based, but all cross north america. we look at all founders because we believe great ideas can come from anywhere.

nextview has invested with a broad geographic focus since it's inception. however we have seen a broader trend in the market, in a post-covid environment where companies are being built with more and more distributed teams. it is not surprising to me that we see early companies start in more and more places and we will continue to be an outlet for founders to tap into the major funding markets. in san francisco, new york, and boston where we have home offices. caroline: melody, is there a particular industry that is attractive to you at this moment in time? particular areas or problems that become more evidently need to be fixed? melody: we talk about at nextview we talk about axing -- about fixing broken user experiences across everyday categories and habitual moments. whether it is at work or home where people spend time. i think there are a lot of

interesting challenges right now. one example could be everybody is doing a hybrid work from home and going to offices. there is a lot of everyday working moments that continue to be redefined and made better. similarly there are lots of challenges at home using that same context. we talked about women earlier, a lot of working parents and mothers are struggling to juggle between hybrid work and doing things like this on the screen and then turn around and having to deal with childcare. caroline: i have seen cameos last week of a couple of kids coming in. it is still there. [laughter] melody: yes, for sure. caroline: i love that your focus is on that and the balance is very real. stephanie, i am wondering what the bay area is like right now, if you feel that push pull right now where people are leaving.

people want to build businesses in other places than san francisco? stephanie: i think the difference here is that it is a great place to build a business, the barrier to building a great start up in terms of access to talent and access to capital is becoming more distributed. it is not shocking that i see more companies built and more emerging tech markets. what i still think is true is there is still a tremendous amount of energy and dollars here. both at seed and follow on dollars. if you think of melody and my job as seed investors, we are writing that first early check into companies. founders who get a business off the ground and running. far in a way we are not the last check or last capital into these companies. the reality is there is a lot of capital concentrated here. again, i think founders will always benefit from having one more note, one more access point to the capital. caroline: and melody, we laugh

about the cameos, the kids coming in, us being in a cold place. but we are not because we are lucky we are able to afford childcare. we are quote unquote privileged women able to live incredible lives. i'm curious how you fix problems across socioeconomic divides. as well as problems that affect all areas of diversity, whether they are women or people of color, but also the socioeconomic variety and the problems that we see in the u.s. melody: it is a big job, we talk about this concept, the everyday economy. within the term we think of all different types of everyday person. with that framing in mind, we remind ourselves every day to look for solutions not just for you and me, but for everyday users. it is important for the entire industry and our entire asset class to think about finding

solutions not just for, i call it coastal elites, but really truly focusing on mass-market problems and leveraging technology to better that. caroline: stephanie, to that point, is there anything that excites you at the moment in terms of what is being solved for and you think will be a $10 billion business that services not just the wealthy, but those earning less than $50,000? stephanie: to melody's point, i think technology allows us the ability to build companies and provide efficiencies at scale. if it can lower the cost for small businesses, individuals to put more money within their homes, by being able to get paid faster, by being able to make their dollars go longer, by better access to credit, all of

those types of solutions are the things we're looking for at nextview. it is the everyday economy. at the end of the day, investing in companies that service a small set of the population are not investing in multibillion-dollar companies. we think about a venture scale company, it is a company that addresses a very large global population. caroline: solutions in a very large total addressable market, and we want to thank you very much for putting so much thought across the board when it comes to investing for good. stephanie palmeri and melody koh , congratulations on the new fund and indeed the new teambuilding. san francisco mayor london breed is preparing to move beyond the tech dominated landscape. acknowledging that many remote workers will never fully return, as we were just discussing, breed said that life as we know it before the pandemic will not be back.

the comments now show a shift, after mayor breed spent much of the year trying to lure people back to the offices as return office rates remain stuck at 40%. coming up, why texas regulators are investigating sam bankman-fried. more on that. this is bloomberg. ♪

caroline: it is time now for our daily crypto report. a lot is going on with ftx. but sam bankman-fried is being eyed by texas right now, she is -- and sonali basak is here to

explain what part of sbf's recent doings they are looking at. sonali: it is a great question because it is tied to a deal, this is all revealed in their vein of purchase of assets. texas regulators saying they should not move forward with that $1.4 billion purchase of those assets. that is partially because of this dispute over whether these are securities are not. when you look at yielding assets that are being under ftx's purview. it is not just ftx trading, it is also sam bankman-fried they are looking at. you have that question, who is overseeing the yield products that are under the purview of all of these large exchanges that are increasingly getting bigger in this game. caroline: so the white knight hypothesis of sam bankman-fried being put under the spotlight for a larger extent. sonali: it is interesting to look at what they say in the response of this. the application for license that has been pending and they believe they are operating fully

within the bounds of what they can do in the interim. you know that ftx has been operating in the bahamas, separately in the u.s., separately in different jurisdictions around the world. how does texas as a regular fall -- texas as a regulator fall in line with what is happening on the broader scale globally with the ftc and sec? caroline: let's talk about the eyeing of three arrows capital. what is going on there? i understand that this is a cftc issue at the moment? sonali: the ftc and cftc are looking to see if they should have registered within the united states. even if you are operating abroad, the locations of the founders have been undisputed they have been under -- statement hard to reach in the bankruptcy. they need to be paying certain creditors back. people familiar with the matter have told bloomberg that they are looking at in particular whether they have violated rules by misleading investors and

whether they should have registered in the u.s. in the first place. this comes into play of how investors globally are treated without certain closures and regulations. instead of certain products being sold here, we are looking at the very nature of how three arrows had operated in of itself. caroline: bring us up to speed to where we are in the whole liquidation process. this is never been done before, certainly not at this scale, with these new types of assets and securities. sonali: it is interesting. when you ask certain people who have interacted with three arrows, you have to ask them if they will get their money back in the first place. this is not your typical debt proceeding -- caroline: the waterfall is not as clear. sonali: exactly and taneo have been appointed as an intermediary to work on this. even they have not been able to access the founders in the first place. how does a bankruptcy proceeding happen globally without the

founders being able to come up to the table? caroline: yeah. well, zoom cannot work for everything. sonali: twitter either, twitter is how they have been approached by many of parties. caroline: feels pretty old school. sonali basak, thank you. do not miss bloomberg crypto every tuesday for more of a deep dive. coming up, words of warning coming up from chinese president xi jinping, vowing to speed up innovation in the technology self-reliance. all of this particularly with regards to the trip sector. -- chip sector. this is bloomberg. ♪

caroline: chinese president xi jinping pledged his nation would prevail in its fight to develop strategic technology,

underscoring beijing's concern over the campaign of chipmaking capabilities. this is all in concern with the 20th party conference of the current administration. let's bring in bloomberg's debbie wu for more on this. there are big speeches, the great gathering is upon us, the great push forward if xi jinping will remain in control for the next 10 years as well. in the here and now, what are we hearing when it comes to the u.s. moves in cutting off key technologies? debbie: xi said sunday china will continue to innovate to reach tech and self-reliance. the billion dollar question is if beijing can push forward with its efforts after the new rules. the new measures washington is starting to hit at china's tech development is broad. we have seen u.s. companies like dutch equipment supplier and xml

has been ensnared in this new round of restrictions. one of the broadest is about the restrictions for u.s. persons to assist with china's chip technology development. and this is like the impact from this. it is something we try to get a better understanding about. caroline: in all, do you think this is going to be a larger problem on china's economy at the moment? we know that they are being set by covid lockdowns still that restrain the economy. we know that real estate is an area of concern. how much of a worry, on the list of that they have, is the limitation of u.s. expertise and indeed technology? debby: in the near term, this is not going to cause a major problem for china's economy. in the long run this will slowly affect beijing's ambitions to better compete with the u.s. on

several fronts, particularly on the emerging technologies including on artificial intelligence and self driving technologies. so in the long run this could pose a problem to china's efforts to drive its economy with cutting edge technologies. caroline: it has continued to be a deteriorating situation between the u.s. and china. will this be speeding this up? how do you foresee relations unfolding between the two key economies in the world? debby: with the latest u.s. expo rt control measures it is causing some issues between the relationship of the two great powers. there are already reports saying that beijing is stonewalling u.s. efforts to set up agenda for the upcoming meeting between xi jinping and president joe

biden next month during the g20 summit. whether this will have more fallout from the u.s. measures including maybe beijing will consider ramping up pressure on taiwan, it remains to be seen. what we are sure of, the deteriorating relationship between beijing and washington certainly will make investors feel more jittery about the markets. caroline: it is being reflected in many of the chipmaker stock prices at the moment. debby wu, we want to thank you for your expertise when it comes to chips, taiwan, and hardware as well. that does it for this edition of "bloomberg technology." you do not want to miss tomorrow . we will have a key voice. women in the workplace as the annual report comes out. do not forget to check out the podcast. you can find on the terminal as well as online, on apple,

spotify, iheart. amid what was a bumper day on the day move for stocks on the growth area for technology stocks, we leave you with preparation for a more volatile one coming out tomorrow. we brace for earnings from netflix. from new york and from san francisco, this is bloomberg. ♪

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i'm able to stand and actually make dinner. i'm able to clean my house. i'm able to do just simple tasks that a lot of people call simple, but when you're extremely heavy they're not so simple. golo is real and when you take release and follow the plan, it works.

manus: this is "bloomberg daybreak: middle east". yousef: