caroline: i'm caroline hyde up bloomberg world headquarters in new york. ed: i'm ed ludlow. artificial intelligence is driving markets and earnings are front and center. caroline: lyft after hours falling after it is losing shares two. ed: social media in the spotlight on capitol hill with former twitter executives telling lawmakers to hold off on regulating online content. caroline: the latest on disney as activist investor nelson peltz stands down on his proxy fight. is the battle over? that and more is coming up. the first two days lows since december, 2.7%. the nasdaq off by one percentage point on the day. on the macro, the federal reserve, interest rates higher. that's why we see overall concern as evidenced in the vix

picking up. the 10 year yield borrowing costs rise. the canary in the coal mine is the retail investor. they are getting bullish. the first time we have seen that since april. many say, we are now let -- like to the party. ed: so many stories for individual stocks. alphabet down another 4.4% this thursday, the biggest two day drop since march as they continue to worry about their bar ai search. disney was up significantly, over 1.3%. we will be hitting into the success story so far at the entertainment company. global foundries with gm supplying semiconductors to the automaker boosting the stock 3.5% with continued momentum in tesla. paypal is giving a pretty tepid forecast in terms of dollar value of bookings or transactions through their

platform. ceo dan schulman will step down and retire at your end as we see sales growth slowing. lyft down 25% after hours. market is seizing on the fiscal first quarter forecast. 5,000,000,000-15,000,000,000. the street was looking for a forecast of around 84 million. that is a significant base of expectations. let's bring in rohit kulkami, you have a whole rating on the left -- lyft $20 price target. what's your reaction to the numbers? rohit: this feels like another recent quarter coming from bob. evidence they are probably losing market share, lagging on recovery from west coast exposure, and on top of that there are execution issues. they have their own way of doing -- insurance way of doing things.

ed: the uber ceo told bloomberg 24 hours ago he thinks uber is taking market share from lyft. you see the numbers as evidence of that? rohit: absolutely. over the last three quarters looking at the mobility trends what uber is showing on sequential rose, though the disclosures across both companies are highly inconsistent, it's not apples to apples, its apples to pineapples, but, the growth rate the company is putting up is divergent in a while they were not in a while back. uber is gaining market share. caroline: what you want to hear from lyft leadership now? rohit: the most important thing here is what is the path to sustainable castro -- cash flow generation? the company put out a target with regards to how high of cash

flow generation they can have. given the guidance they have of softer revenues, i feel they just need to provide confidence to investors. these are the steps we can take to get to a point that we can generate cash and we can then be investing for growth. i feel like that conference is completely lost. out looking at the numbers today there is definitely noise and confusion. that's what we need to hear. caroline: when that confidence is lost to do have to change your rating, the price targets well off the $20 you have at the moment? rohit: i would say that everybody on the street will visit their financial models after earnings. we are in the process of doing that area you will hear more from us. ed: we asked our audience on twitter, does the lyft need to

go outside of its existing line and -- plain and move into other areas to stay relevant. 57% of respondents say no, stay in her lane. i ask you the same question. does lyft need to move into delivery? rohit: that would be a very expensive value proposition. right now i think staying in their own lane, focusing on mobility and profitability. i think that is what is something they need to focus on even more. expanding into lateral markets will just be more expensive. they will just push cash flow generation points further down the road. that will be hurtful to the stock even more. ed: your industry colleague tom white at da davidson told us 24 hours ago is the advantage lyft had is its brand, its resonance with gen z. can it leverage that fight back against uber? rohit: we are finding very

limited evidence of them being able to leverage their brand. there is definitely a certain cohort of the population that prefers lyft over uber. at the end of the day, ridesharing has a very limited amount to some extent. both companies are trying to build on jevity around their subscription plans. but this is a very price-sensitive product. i feel the current affinity with the certain cohort of consumers may not linger if the company has to change their value proposition and increase prices. and at the same time, uber is improving their market share at a more rapid clip. they have more market share to hold onto. caroline: many including myself love using lyft bikes. but they need investment in new york.

i am interesting, as we point forwards, do you feel frustrated with management that they do not guide you to this slowdown earlier when you see such a share price hit? rohit: it is hard to have that level of visibility nowadays. there are a lot of macro factors. there are micro factors and industry trends that make it even harder for management teams to have that level of visibility under normal circumstances. normal from of visibility standpoint nowadays. trends, gas prices. reopening trends. the externalities have complicate of their lives. having said that, a little consistency in fundamentals is something any investor appreciates. it may be lower. still, the consistency is what we are looking for.

caroline: we love your consistency on the show. reworking some of those models. rohit kulkami cobbling --, we thank you. coming up, twitter has been hitting -- having some issues lately. what is going on for you and me, the user, and for regulators? we unpack it all next. ed: i want to look at paypal. up a little bit, 1% after hours. an, the ceo retiring staying on the board. this is a company that announced layoffs earlier this month, 7% of the workforce. there is a focus on cost cuts improving the bottom line going forward, up .9%. this is bloomberg.

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caroline: china's spy balloon's. on board were antennae and solar panels that the u.s. said could collect u.s. electronic communications. it's no ordinary weather research blown as china is trying to claim. overall the u.s. also thinks it is trying to identify which company makes the spy balloon's and says they have direct relationships with the chinese military. the biden administration could be forced to take her there, harsher steps of u.s. technology exports to china. they don't want those getting in the hands of the chinese military and security agencies to be used against them. all saga has come -- consumed washington and the rest of the u.s.. we just saw a resolution passed

by congress condemning the actions of china saying it was in grievous violation of u.s. sovereignty. they want more information from the white house. ed, if tensions march enough between china and the u.s. already, particularly from a business perspective, right? ed: one thing i noticed about the reporting is the u.s. making the case this is a program of alleged espionage. we have not quite gone there on the tech used for spying. it is astonishing picture of what they painted about what is not just one isolated incident. caroline: whether this was made in china technology or western made. there in lies some tension that i am sure will be talked about over and over again on capitol hill and here. ed: exactly. i want to stay with washington for a. the idea of oversight and lawmaking. former twitter officials testified wednesday basically telling lawmakers they should hold off regulating online

content until they better understand how social media companies work, telling lawmakers, you do not quite get it yet. let's bring in coat ragnar -- kurt wagner for more. are they saying, you oversight bodies should have a deeper understanding before regulating? kurt: we have been having this conversation for years, with facebook, youtube, with twitter. there is a big misunderstanding, i would say, among lawmakers as to what section 230 does for companies. in some cases, the difference between that and the first amendment, right? what companies are required by law to do, and not. there is this feeling even when democrats and republicans are rushing forward to change this, they do not necessarily have a grasp on how it should be changed. ed: from the companies perspective you have been busy for a year or so covering twitter and social media broadly. how important is section 230

from the company's perspective? kurt: probably the most important legal protection they have. in general, what this means is they cannot be legally liable when some of their users post things, so long as they are taking down things like child pornography or terrorist content. they will not be legally held when you, ed, or me, kurt, comes and says something that might get them into trouble. if these protections are repealed, it will be worse. m because they will have to take down a lot of stuff to protect their own back. caroline: much of that is looking at their own fact checkers and how you protect that. in europe, twitter is also catching the eye of regulators because they are worried there is not enough power in place, and of commitment to empowering fact checkers there. they are worried about disinformation in particular, right? ed: we are seeing this not just in the eu, but in general.

regulators are taking a tough look at twitter because i have lost so many people that there is a lot of skepticism that they can continue to do what they need to do from a privacy or fact checking standpoint. in the eu a bunch of tech companies were supposed to hand over plans for misinformation. twitters was inadequate. again there is concern that because elon musk came in and fired so many people with institutional knowledge of the company they are having trouble keeping the site up. they are not necessarily able to do other things regulators expect them to do. caroline: i want to take a bit of a pivot. this is an emotional subject. turkiye at the moment, the need for social media and sharing information. twitter itself was down at one point. can you talk us through anything you know on that point? ed: there is still a lot unknown but the timing was terrible. we saw twitter was down earlier this week went a lot of the safety groups were trying to organize on twitter. when it was being used for important and could go information sharing.

we sought elon musk, who is now running twitter, of course, saying they got word from the government that that would be reinstated. and i believe it has been. again, the timing was terrible. it is always bad when something like that happens. in the wake of a national disaster -- natural disaster like that it put twitter again in the limelight. caroline: well said, kurt wagner, thank you so much for the latest in terms of the business and what it is facing. let's talk about pressure from a regulatory perspective and perhaps the lack of investors now. arjuna capital is a real expert in this field. managing partner and former twitter activist investor natasha lamb joins us more for more on this. you are deeply knowledgeable on when it was a publicly traded company and the pressure you could exert. and no longer is. how difficult does that make making change and making sure

the right regulation and the right compliances in place? natosha: caroline: we have frozen on natasha. i think she is back. the fact that you no longer can exert pressure from a publicly traded and investor perspective. what pressure can regulators now wheeled on something like twitter? natasha: i think that is the crux of it. despite the fact investors for the last six years have been asking companies to clean up their act, have had some success in getting transparency. it is clear that the companies are not doing enough. twitter is not doing enough. it is not private. it brings up a host of concerns. as to whom twitter is accountable to other than elon musk. now, with twitter no longer a public company, no longer having that level of accountability to investors, it is going to have

to be accountable to regulars because time keeps going by and nothing has happened. there is not a level of standard here that is preventing some of the harm that is being done. recently you have seen action on a number of fronts. you up president biden call for bipartisan regulation of social media companies last night at the state of the union. this month it is expected twitter will face the strictest content rules in the european union because of the number of large active users it has. and we are seeing cases go before the supreme court. hearing cases this month on whether social media companies i'm a twitter being one of them, -- companies, twitter been one of them. are responsible for propagating content. ed: you have been coming on for a long time and respectfully i feel a sense of deja vu. a question is, when are these

things you are calling for going to happen? i am not sure what has changed now from say two or four years ago. natasha: that's a really fair question. obviously, investors were not able to exert enough pressure for the companies to clean up their act on the round. -- on their own. regulation seems to be the last ditch effort and if you look at section 230, which the previous gentleman was speaking about, it protects these companies against legal liability. but, it is clear the policy needs to evolve because of the level of harm being done. good elections. -- look at elections. look at genocide. public health priorities. government insurrection. these are all issues that rise to a level that government regulation is needed. we know how difficult it is in

the country to get bipartisan support. really, that's what is needed. caroline: did in there. this is so nuanced, this argument. wanted to evolve. do you have confidence that the regulators get the need to protect certain elements? that perhaps, companies might argue for their own self moderation so they can evolve in the roadways committee with think? natasha: it is a fair point. policymakers are not tech experts and the space has evolved so much over the last decade and regulators are looking to catch up. that, i think, is why -- caroline: oh dear, another technical pledge. are you still there natasha? ed: i think we might have lost her. that's a shame. her point is something has to

happen and she is citing recent references of president biden addressing this last night. the point i was trying to make his we have heard president biden say that before in previous speeches. it is familiar territory. i would ask her just because twitter is now private and owned by elon musk, does that add more impotence or energy from lawmakers to do something? hard to say. caroline: in many ways europe is worried by the fact this is now a privately held company. frankly ever since he took the company private they want to see the right things put in place to tackle disinformation. as a brit, time and again it feels like europe leads the charge. britain does not have much to do with some european regulation, but ultimately, europe does seem to be able to get the right regulation in place in many ways or at least drive it forward. ed: elon musk and twitter will fly by our worlds -- rules are

thought was quick and witty. elon musk has been talking to europe. coming up, unfortunately, more job cuts underway with delivery slashing 9% of its staff. we get more of caroline: the details talking tech. another after hours mover. plenty after these earnings. expedia managing to bounce off of the lows currently down by 2%. it slumps more than 7% at one point. all of this is regarding the online travel agency missing estimates in terms of holiday sales to do with weather. some analysts are saying this is actually a miss, but there were temporary reasons behind it related to weather and demand remains robust. more to come. this is bloomberg.

ed: now it's time for talking tech. apple is hiring its first chief people officer and removing hr responsibilities from its head of retail overhauling the way the company hires and supports employees. tim cook said "she brings an incredible depth of experience." microsoft will begin color coding employee expense reports as part of an agreement with american express as the tech giant announced it is slashing thousands of jobs. the company will integrate the technology into its internal expense system later this year with employees uploading photos and receipts that will be coded as green for automatic approval is recommended and yellow if it needs another look or read if it should be denied. delivery, the latest company, unfortunately to announce job

cuts. the food delivery business will/350 jobs focusing on profits and a way to deal with what is a difficult consumer environment now. the ceo said the cuts will affect roles at all levels, though, some employees will be redeployed. caroline: a company used a lot in london over the years. coming, another story we have been covering throughout the day. day two for disney. the battle unwinding. what does it mean for the future of the company? and other entertainment giants? more on that as we had to break. disney is .3% lower after hours. this is bloomberg.

i screwed up. mhm. i got us t-mobile home internet. now cell phone users have priority over us. and your marriage survived that? you can almost feel the drag when people walk by with their phones. oh i can't hear you... you're froze-- ladies, please! you put it on airplane mode when you pass our house. i was trying to work. we're workin' it too. yeah! work it girl! woo! i want to hear you say it out loud. well, i could switch us to xfinity.

those smiles. that's why i do what i do. >> we are going to take a really that and the paycheck.

hard look at the cost of everything we make. the cross television and film.

because, things in a very competitive world have simply gotten more expensive. that is something already underway here. caroline: welcome back to bloomberg technology. i am caroline hyde in new moon the disney ceo they're speaking on the company earning. that call was just released about 24 hours ago. and quite a lot has changed in 24 hour that feels like. ed: yeah. it's about restructuring.

peltz has pulled back, stepping away from ambitions. a board seat, a push for change at disney.

this year since nelson peltz started buying. he is sitting on a nice gain. i think all those factors, and it just may be the fear of losing, if it came down to that in a vote in april made him rethink. caroline: interesting. talk to us about the enthusiasm perhaps being served up around the restructuring. ultimately, previous activists investors would want to see the spinoff of espn. there is a lot of talk around that after the restructuring. the fact it is now standalone. we should start talking about hulu as well after today. >> right. bob set on the call the other day that they are, for the first time, spelling out exactly how much money espn makes. which, you can see as a sign of them prepping it for sale. he said that's not why they're doing it. but certainly, it will in -- allow investors to look at that piece of the business in a way

they have not before. on who he said this morning that -- on hulu he said this morning that he has a deal to buy the other one third of comcast next year, but there is a floor price but not a specific price. comcast said, we are interested. maybe we are not. there is gamesmanship going on here. i think ultimately bob iger would like to own the rest of hulu inc. and disney streaming businesses. caroline: what else would bob like in terms of how long he will be there, for example? chris: the perennial issue is who will replace him? he said he will stick around for two more years. announcements today in terms of the people running major businesses. so, that will be a focus for him and mark tucker, the new chairman that takes over in april. i think bob fundamentally will say this, he really cares about the creative and he has admitted

that animation, disney needs a little work. he says they have produced a little too much content. disney has always kind of been about a few big, great movies, not everything everywhere, to quote another film. so, i think creative will be a big focus. ed: back to basics to finish. what does the new disney look like, the three parts it has been reformed into? chris: you are seeing the merger, definitively, of movies and tv. basically one division. and streaming. that is all becoming just, basic general entertainment and family content. then a separate sports streaming business. and tv business. then of course, parks, cruise ships and consumer products. it is clearly linked defined, i think, maybe people would like to see more. the film business exist separately. that is a direction -- the

direction it is going now. theaters are less important than streaming. caroline: it's been a busy 24 hours. thank you for bringing us up to speed with the in's and outs of disney. another story we continue to watch, in crypto crack and will pay $30 million to settle sec allegations it broke u.s. rules with its crypto assets products. it will continue in the u.s. as part of an agreement with the regulator. to break it all down, bloomberg's sonali basak is here with more. was this a surprise for you? sonali: i don't think it was, but it's a big deal. staking -- we knew staking is one of the things in the sec would look at when they looked at the broader crypto ecosystem. but when you think about other forms of tokenization, in fts, the fact that staking has made its way up on the list of the things the sec is looking at it a surprise. the $30 million is not a small sum.

but, it's not a sum that would really break the bank for many of these companies. it is about future activity. you had this thread yesterday from the ceo of coinbase on twitter really talking about how staking is such an important innovation for crypto allowing scalability, increased security, reduced carbon footprint for the industry. you saw that as a lot of rationale for the theory of moving to the proof of state model to begin with. this is a big deal for a cerium and offering staking as a service. coinbase shares were down more than 14% on the day because how much -- of how much they have been moving disease services for clients. in the most recent quarter they talked about how investing in staking as a service had really been benefiting them since 2019 and when users moved from trading to non-trading transactions like staking, that really helped boost their subscription and services revenue. let's see what they say at the end of the month when they

report earnings. as a public of any. you see it most directly in results like that. caroline: my husband is a senior manager at coinbase. full disclosure. how big of a deal is staking for the ecosystem more generally? does this signal the sec could get its head around it in a different format and crack and was just not there in the right way with the right means or is it dead in the water as many here now? sonali: the statement from the sec chair gary gensler in the crack and settlement with very broad. whether staking is a service, lending or other means, crypto intermediaries, they are offering contracts in exchange for investor tokens and they need to require proper safeguards by securities law. he is bringing the staking business under the securities in bella. a commissioner also said that she disputes what happened here today. but because there should have been better guidelines from the beginning.

that has been the industry calling card. this at the guidelines first, then let us follow them rather than finding us for not following guidelines we have not said. caroline: excuse me if i am going outside your field of purview, but i feel like you cover it all. what is the rest of the world think about staking, ultimately question marks and ali: i think if you are an individual investor that want to be more into crypto and invested it is a difficult calculation. in theory, staking should be allowing more people to get in at scale, especially, if you work through a service like coinbase or crack in -- kraken or these other services. caroline: ftx? sonali: we were talking about this as the commercial break. according to my sources, ftx, in the u.s., as they were considering businesses, before their bankruptcy, before the allegations, they had not

offered staking, from my knowledge, because they were worried about the sec coming down on it. it is hard to say the industry did not know this would be an issue at some point. caroline: now it clearly is. sonali basak, thank you. ed: i am looking forward to what is next. a $2 million loan commitment from the white house to produce ev's. redwoods materials ceos and one of tesla's cofounders jb stra ubel joins us next for more. we have to get back to lyft. the clients decelerating after hours towards the 30% mark. the bar at some point. lyft cut prices in january to remain competitive and will go into cost cuts in 2024 and reduce stock-based compensation. this does not look good, caroline and they share reaction

after our speaks to that. we will keep tracking more details. this is bloomberg.

ed: america's battery supply chain is getting a jump start. a $2 billion loan commitment from the biden administration to build enough critical battery components to produce one million ev's. i am pleased to say that j.b. straubel joins us now. we were talking in the preamble about how back in the day, tesla went down a similar path. this is a fair chunk of change

more. my colleagues have written so much including how we cover supply chain emphasis in the u.s.. what will you do with $2 billion given the gritty details of what that does for redwoods materials? brad: this is a huge vote of confidence i would say into the american supply chain and building the supply chain here, expanding the capacity of it here. it is a very capital-intensive industry. even though this is a vast amount, a large sum of money, this is not funding the entire project. we have to match that project with private capital, private equity that we raise and invest. even with this large of a project, you know, we are still only meeting a relatively small percentage of the overall u.s. demand for battery materials. it is a phenomena -- it is quite phenomenal how much growth has to happen in the future and how much investment has to happen. ed: you alluded to it, so i will go there. $2 billion is a lot of money. will you have to raise more

funds? how would you go about that? j.b.: we have raised a lot of private funding in the past through the history of our company. we will continue to. it does make it easier, as we see this strong support, these strong indications of support from the federal government. really for the first time in this sector. this is the very first federal funding we have received. any sort. i believe some of the first federal funding that is going into the battery supply chain at this magnitude. so, while we will raise additional private capital and continue doing that, in turn, you know, it will match with this and with federal loans as well. caroline: talk to us about the politicization of federal loans. audibly people worry about not just how much do diligence for the companies that ultimately get the funding where previous issues have been. talk to us about china as well.

is there reality soon -- to some of the concerns, particularly by the gop about how this some way gives china access to money? j.b.: i can say firsthand it there is extensive diligence in these programs. we have been working on this potential -- particular loan application for almost 1.5 years. going through multiple layers of diligence on finance, technology , the market, customer fit. so, i feel there is quite a robust process that the department of energy handed loan program has rolled out for this. it has been refined over many years. as you mentioned, even more than 10 years ago this same exact program was still in existence and was making loans to companies that targeted specific, very strategic areas for the country. caroline: solyndra is kind of the prior concern some have.

give us the concerns now in terms of focus on a supply chain people want to bring to the u.s. that you are trying to answer the call of, and ultimately, whether we can ramp up the amount of ev's made while cutting china from the supply chain. >> i think it will be a transition. today, the vast majority of the battery supply chain is imported from overseas, much of that from china. so, i think the key is to have an organized transition and start investing today in building this capability. we cannot turn it on overnight. even with all of the efforts we are doing and more, this will take several years, many years to build the supply chain capability here. but, this is a huge economic incentive for the country. there are many, many billions of dollars that would be exported overseas to build the same supply chain if we do not begin the work now. ed: jb, you talk about many

years of planning. march 1 we get master plan part three from your friend and former colleague elon musk. is he a current cali? is tesla a customer of redwoods materials? j.b.: we don't have any partnership with tesla that i can talk about today but elon is still very much a friend and i am very much rooting for tesla. it is a fabulous company and they have been the leader in the entire movement and remain so. ed: j.b. straubel, redwood material founder and ceo. when tesla is officially a customer, come back on the show with caroline and i to talk about how that will work, ok? j.b.: fair enough. ed: coming up, true affections is re-banding -- rebranding at that pop and adding chat gpt to its expense reports. what this means for trying to take on market share from the

likes of conker. -- concur. we will discuss that next. this is bloomberg. science proves quality sleep is vital to your mental, emotional, and physical health. and we know 80% of couples sleep too hot or too cold. introducing the new sleep number climate360 smart bed. the only smart bed in the world that actively cools, warms, and effortlessly responds to both of you. our smart sleepers get 28 minutes more restful sleep per night. proven quality sleep. only from sleep number.

caroline: as the generative ai race heats up we talk about the impact on the coming share price. take google. the parent is alphabet. it's all 100 million dollars wiped from its market capitalization after unveiling its bar ai technology that faced questions of accuracy, far bigger than the 2.8% drop on the day after alphabets earnings missed estimates. we are seeing remarkable moves in ai tickers and names. keep a keen i on these

companies. let's stick with the overall artificial intelligence seem. trip action is a business travel software startup that plans to integrate open ai chat gpt across its platform to seize market share by making expense reports easier to use as part of a move that the company is also rebranding, changing its name to navan. joining us now is ariel cohen, navan's ceo and cofounder. talk to us about the rebrand and how it is important for b2b and enterprise software companies to integrate chat gpt? angela: -- ariel: i am god to be with your and share with you our new brand and everything we do. it is all designed to support the needs of the company. policy, safety, saving cost. that's very important in a recession. on the other side supporting the

employees and really making them part of this. chat gpt ai was always an integral part of our solutions for seven years. really, making sure that employees can book stuff super, super fast, expanded things extremely fast. the recent addition takes it to the next level. i can give you some examples of how much it is becoming more powerful for users and everybody. ed: i really want to know what it is like doing a transaction with open ai. it is a closed profit business. everybody wants access to the underlying algorithms. you had access for a little while. did they charge a lot. it was this the best deal ever in your career? ariel: it is a service business similar to what you get with aws and stuff like that. we are at the beginning. so, we need to see how liam would and output of the data will work. we still don't know and i think they still don't know.

ed: we described what you offer at the beginning of the segment. respectfully, it is a business transaction heavy service. how has the underlying tech approved your offering? ariel: we have always had a chatbots where you ask the bot to book your entire trip. if you asked that before we integrated open ai and you wanted to book a hotel in new york and you wanted to book the west and it will ask you, what do you want me to book? now it won't know the west end and ask you what dates. context matters a lot. this is what the integration gives us, a lot of context. caroline: does this set you apart from competitors? how big of a moat do you think you can build by creating chat gpt if others can license these productivities, software, and a chatbots? ariel: the first one was to expand business management to be an aligned process.

competitors are still calling agents and we've moved it to online seven years ago and now we are taking it to the next level by really writing the capabilities of online. ed: what is the risk? what happens if your chatbots is something that is not true, inaccurate, or causes a customer to do something we did not want to do? ariel: we are playing a lot with this. like anything we implement, we know its limitations. we need when we need a real agent to actually intervene there. caroline: really interesting. thank you for sharing the journey and the rebrand. ariel cohen, navan ceo and cofounder. that is it for this edition of bloomberg technology. united tomorrow. bloomberg technology has a special edition of twitter space is 12:00 new york time. ed: i will do what i do every

week. we have a special guest and i won't tell you who it is. but i will say it is this person's birthday and they have been on the show this week and they have a really important story to talk about. caroline: there are so many important stories to get up close and personal with some of our on the ground reporters. we will have the main key stories takeaways and the inside track on what the reporters are seeing, hearing, and feeling. ed: i think i am most excited about how it's not just earnings continuing to drive markets. individual headlines. artificial intelligence is sort -- such a big part of that. caroline: this is a two-way street. to ask questions in twitter spaces come join us. this is bloomberg.

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