>> from the heart of where innovation, money, and power collide in silicon valley and beyond, this is bloomberg technology, with caroline hyde and ed ludlow. caroline: live from new york, this is bloomberg technology. coming up, bitcoin blasts past $100,000. we dig into the sentiment including the s.e.c. chair announcement. plus, it is tiktok -- tick tock for tiktok as it awaits a

decision on a u.s. man -- ban. asian stock records. camtek keep american exceptionalism alive? -- can tech keep american exceptionalism alive? we are so close to the record highs we saw across benchmarks yesterday. we have nervousness ahead of nonfarm payrolls tomorrow. douglas claims come in and we look at what is happening geopolitically speaking. chips to the downside. it gets busy. optimism coming from bank of america as they visit the gigafactory. a move in some asset classes. bitcoin, 100,000. we went past 103 thousand earlier, up 3.6%. a whole fledge of positive sentiment. maybe has a little bit to do with fed chair jay powell saying it is akin to gold.

in saying he would not be restraining crypto. but you have paul atkins. let's go to mike sheppard. we do have someone from the trump administration, the future s.e.c. chair pick, paul atkins. give us his background. why is he seen as crypto friendly? mike: he has emerged, after years of being a well-known regulator here in washington -- he previously served on the s.e.c. as a commissioner during the george w. bush era, so he has the street credit as a regulator. but more recently he has emerged as an advocate for digital currency and fintech. naturally, investors around the world were so encouraged to see donald trump select him as the incoming s.e.c. chair. during the presidential campaign, trump really advocated for changes in u.s. policy toward digital currency. he wants to make the u.s. a

crypto hub. one of the keys is making changes at the s.e.c., chander president joe biden has cracked down on this market after seeing some excesses we saw during 2022 with fraudulent behavior. the current agency chair, gary gensler, singled out. trump has looked for a change in the crypto industry investors who supported his candidacy, and also wanted to see a change at the agency. hence their encouragement now. caroline: someone who has not only served on the s.e.c. before is a commissioner but has gone on to advise fintech, crypto companies. tell us a little bit more, other than crypto. how else is he going to be facing the financial markets? like: i'm glad you brought that up because he is far from a one trick pony. he is a seasoned regulator. one of the analysts are colleagues spoke to after he was named referred to him as the godfather of conservative capital markets ideology, and

that is a big statement, but he will be coming in with an agenda to make broader changes at the agency which oversees a markets report to investors and how companies report to investors and markets. and we will be looking possibly for changes in disclosure rules and and easing up perhaps of some of the heavier fines we have seen -- fines we have seen the s.e.c. impose under gary gensler. that is something atkins has singled out in the past that we can look for him to try to target again in the future. caroline: mike sheppard with all the context. we thank you. for more on broader implications for the crypto market, catherine darling is with us, a chief compliance officer. foremost, more than $100,000. for people who have been in crypto for a long time, that must feel extremely vindicating. catherine: thanks so much for having me this morning. it was fun to watch it go over six digits last evening and see

it continue to hold today. caroline: when you think of the fungicide, but also the realities of what paul could mean, dig into the announcement and what you made of it. katherine: first off, leading up to this announcement, all of the names that were floated were positive. we have that. what was going to be better. there was really no wrong answer. in this choice, it is a great choice, quite simply. you could hit the ground running. he has been a commissioner before. he knows how the commission works. one really important factor we are hearing about paul atkins is he gets along with people. you cannot underestimate how important that is. he needs to be able to work with the industry, with lawmakers. i have been at those hearings in congress where it was antagonistic. questions were not being answered. eyes were being rolled. this was the environment in which crypto was trying to

achieve regulatory clarity. it was not going to happen with that back and forth and the tension that was created in the gensler europe. we are looking for a person who can hit the ground running, work with the other commissioners, and hopefully also have a dialogue with the cftc and with lawmakers, so that in the new congress we can get some clarity, get some forward motion. a stable farm bill. market structure. this is an excellent choice and he is another great ad you cannot fault. regardless of your politics, you cannot fault the economic team being put together by the transition team here. caroline: i want to speak to the cynics out there, the people who say crypto has a pro crypto s.e.c. chair. all hell is going to break loose. all of the behavior they believe goes on in the space. specifically, yes, you are in the ecosystem, you are someone

who comes from a federal prosecutor background. you have worked for attorney general offices in california. speak to the concern you will see riproaring in crypto with nobles barda. katherine: you are going to have that approach. you are going to have folks who are going to say there is going to be no regulation. but if you actually look, the folks in the industry, we are not asking for no regulation. we are asking for clarity, for regulation. not just enforcement actions. i know we have heard that quite a bit. what does that really mean, if you break it down? the enforcement actions are expensive. they are limited to the case in point. you don't get a broader rule that will help businesses who either have engaged with the industry or are trying to engage in the correct way. having worked very closely with the s.e.c., the light does not flip overnight. it is not that suddenly all the cases are going to disappear into the ether. it is just that you are going to

have a better dialogue. you are going to get collaboration. you are going to have a more positive approach to how we get there. we are not getting rid of everything. we are just going to get there in a more collaborative fashion, and that is what you need. caroline: what is interesting is we are seeing crypto related companies turning to the downside a little bit. a lot of run-up into this announcement. perhaps a lot of profit-taking going on. you talk about certain laws and regulations that need to be put in place. we hear about stablecoins being tackled. is that the number one line on the agenda? where do you think regulation is going to come? katherine: stablecoin legislation from congress will probably be the first one out because it is a smaller, niche peace. there has been bipartisan support. i think that will be the first mover. the market structure legislation will take a little longer. more of a dialogue has to happen.

that is the definition. that is who is going to be the regulator, depending on where these assets sit, from a definitional standpoint, along the spectrum. that will take a little longer but we will have more forward motion on both of those points. caroline: is there any riskier? could we see paul atkins retake the role or be acknowledged for the role? katherine: there is always risk, but we are hopeful that goes smoothly. i see no obstacles out there that should block it. however, as i mentioned earlier, there are a list of other folks, all of whom would be great choices. i am really liking the paul atkins choice, even his involvement with the industry, his understanding, and his demeanor and ability to collaborate and work with others, which is quite simply important in having a negotiated position with regard to some of this regulatory action. caroline: catherine darling -- katherine dowling, great to have

you join. elon musk is stoking congressional enthusiasm, he hopes, for his ambitious effort to/-- to slash $2 billion from the federal government. he and vivek ramaswamy plan to meet with groups of lawmakers and then a session all republican house members have been invited to. we discussed the impact of french government turmoil on the country's business and startup sector. ♪

caroline: i think we are just

going to hear from the national rally leader, marine le pen, who was speaking to bloomberg earlier today. take a listen. marine: [speaking french] the president's resignation can only take view in a political crisis or an entity shall crisis can no longer have any other solution than the resignation of the president of the republic. for sure, there will be new legislative elections in the next few months. we should work on a voting system by then that enables us to have a real majority, whatever that majority may be. the country needs a majority. it cannot live for years with three blocks which in reality cannot implement the policy. caroline: that was marine le pen commenting on president macron's position after he has been dismissing growing calls for his own resignation, from politicians across the political spectrum. crime came out saying he will serve his second term in full.

he is set to talk further at 8:00 p.m. local time, 2:00 p.m. here in new york. let's discuss the impact for this political drama on french businesses, on tech companies. how is sentiment at the moment? is there a moment of crisis among executive boards? >> yes. i mean, it is a moment of uncertainty. as we know, business leaders do not like uncertainty. they like to be able to focus their budget for next year. the uncertainty started in june when micron -- macron called the unexpected snap election. that is ongoing, basically. the prime minister was preparing a budget for next year that was actually going to slash some help for innovative startups. now, there is uncertainty if it

is going to happen. there is a few weeks left for micron first to pick -- macron to pick a new prime minister and vote, if possible, the budget. startup leaders are waiting to see what it is going to be in that budget, or if you are going to continue to be this year's budget, conducted through next year. through a special law. caroline: leaders like eric schmidt, a former google ceo, no focused on geopolitics, is come on this show and said france is the standout in europe in terms of getting things done and having a really healthy ecosystem where companies like mistral cannot thrive. has that been questioned of late? benoit: it is not being questioned, but you are right. macron started seven years ago, when he was first elected, a push for what he called a

startup nation. he helped companies horan -- higher scientists. can it help to get visas for tech workers, for example? and then the push in ai, led by openai, led to new french startups trying to rival with openai, like mistral. there is going to be a world summit in february on ai. there certainly is this push that companies hope can continue. the political situation is not the best, just to ensure that this momentum, which is quite fragile, it keep going. caroline: it is great to have you on the impact in france at the moment. sticking with international politics, south korea's main opposition leader says it may be difficult to get enough support from the ruling party to impeach the president this week after

his declaration of martial law. he remains committed to removing the president. the democratic party leader sat down for an interview with bloomberg earlier today. here is what he had to say. >> [speaking korean] ultimately, politics is done by the people. and even if the result of the vote may go against the will of the people in the current situation, the vote result may change next time if individual members of the parliament are pressured heavily by public opinion. that is what i think. caroline: important for companies such as samsung and tech more broadly. let's discuss the impact of geopolitical uncertainty on tech markets more broadly. jay jacobs -- thus far, there has not been much impact. u.s. stocks have continued to show exceptionalism. have had record highs amid global turmoil. what do you make of that?

j: the tech sector in the united states is one of the most geopolitically exposed. 60% comes from overseas. -- 62% of revenue comes from overseas. with geopolitical fragmentation, can you tilt your exposures within the tech sector to companies that buy in the united states, sell in the united states, to try to isolate some of the geopolitical risk i think is very present in the tech sector in particular? caroline: we were that end up leaving you? you might think of companies who have been benefiting from the chips act, intel has not been having the best of times of it. joy: it -- jay: it is coming from a range of companies within technology. when we look at artificial intelligence, a lot of the leadership is with u.s.-based companies. you could look at data centers and power companies as being really important parts of the ai ecosystem, but very localized to the united states. you are getting some of that isolation from geopolitics. we bought an entire fund based

off the strategy, which is looking at the tech sector, tilting toward u.s. domestic focused companies to isolate geopolitical risk. caroline: that is interesting. the info structure build out one that people have turned to. nvidia -- we think about the next layer down, the energy companies. but what about application layers? what about the next frontier of ai? jay: that is where a lot of the conversations are going. if you look at the last two years, there has been a huge focus on the magnificent seven and it has been a concentrated rally within artificial intelligence. as we enter the third year of the build phase of artificial intelligence, this is when markets are going to recognize this is something much bigger that is going to impact a wider range of technology stocks, semiconductor stocks, power stocks. it could impact cybersecurity stocks. as data gets more valuable, needs to be more protected. you can look at health care, where ai can create more productivity and efficiency. i think we are going to see a

transition to a broadening of the artificial intelligence story. caroline: how much is the story picking up in crypto? jay: it is significant. bitcoin passing 100,000 is a significant milestone, but you have to take a step back and look at the broader picture of why is this happening. i think there is anticipation of more friendly regulatory tailwinds. in your previous segment, you were highlighting geopolitical risk. starting to access digital assets for the first time, with the launch of the bitcoin etp, they are thinking about it as a hedge in their portfolio. this behaves differently from stocks and bonds. with geopolitical risk, bitcoin could benefit. caroline: in your role, you are not only thinking about strategy, clients. you are also thinking about the international etf offering. i'm interested in whether anyone is betting on outside of the

u.s. jay: they are but in more targeted ways. we have seen significant flows, looking at india, changing supply chains, especially if you look at a lot of the reassuring that is happening in the united states. there has been an effort to build more domestically, but also to diversify supply chains geographically. india has been a major beneficiary. they have been focused on building out more chip capacity, as well as building out more tech manufacturing. india has been a big beneficiary. sicko as well as you look at the interplay of growing trade relations between the u.s. and mexico. caroline: interesting. meanwhile, coming up, we are going to hear from the amd ceo, lisa su, on her plan to keep taking on nvidia. ♪

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caroline: amd ceo lisa su spent the better part of her 10 year career in engineering one of the biggest turnarounds in silicon valley history. she is preparing for a video -- a bally against nvidia. emily chang sat down with her in austin, texas about the bets she is making to compete in the global chips supply chain and her distant family link with the nvidia ceo. lisa: nvidia is seen as the dominant force and amd is widely considered the next best option. is that good enough for you? do you like being seen as the underdog? lisa: i would not call it a like or dislike. what i would say is amd has had a history of doing amazing things. and from that standpoint, we have always been in this place where we have not necessarily

had the same amount of people that other larger companies had, but we have certainly punched well above our weight in certain terms of technology capability, in terms of impact on the industry. jensen: this is the most complex -- emily: people are obsessed with the fact that you and jensen are different -- are distant cousins. i know you are competitors, but do you ever trade notes? asa: first of all, he is brilliant. i admire him. the are really distant. we did not grow up together. we actually met at an industry event. it was not until we were well into our careers. emily: no family dinners, just to put the rumor to risk? lisa: no family dinners. it is an interesting coincidence. emily: so many of your competitors at google, microsoft, amazon -- is this a threat? lisa: this is a huge market. there are more than enough chips

for everybody to build. the beauty of this is everyone has recognized that chips are important, so it is natural they are going to have their own capability. caroline: has the shakeup --emily: has the shakeup of a very established industry surprised even you? lisa: a little bit, i have to say. caroline: check out the full episode tonight. now, it is time for talking tech. first up, talks to produce ai chips at the new plant in arizona. they are said to be making preparations to start production early next year. plus, apple's main your manufacturing partner, foxconn, ported a second month of sales growth. apple has historically accounted for about 50% of the overall sales. the e.u.'s new competition chief says a potential split of google

businesses is still under consideration. teresa rivera, who started her five-year term next week, says she aims to build on the legacy of her predecessor. making microstrategy into hollywood's hottest trade right now. this is bloomberg technology. ♪

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caroline: welcome back to bloomberg technology. we are teetering around record highs. the nasdaq only off by 11 points. the big benchmark for big tech. tesla. chip stocks on the downside. bitcoin is the real benchmark we are looking at at the moment. now an ecosystem with $2 trillion. actually smaller than some of the biggest tech companies but we have run it past $100,000, up another 3.5% today. nasdaq 100 and some of the

benchmarks. the biggest point dragged to the downside is synopsis, integral to chip manufacturing and testing designs. numbers came in weak. we have seen that drag down today. first quarter forecast weaker than expected. intel off by 3.4%. there has been some interesting news in terms of the board. the microchip ceo comes on. two key experienced operators coming onto the intel board as they seek a new ceo. microstrategy turning to the downside, off by 1.7% having been rising earlier. we will dig deep on all things microstrategy after a phenomenal run up in the stock. it's basically a bitcoin proxy. we can talk about that. microstrategy has been beloved in the retail community. summa situational players have been getting in on michael sailor's bitcoin base.

>> i published a story about how microstrategy has become the hottest right now with wall street. hedge fund are buying convertible bonds. micro strategy has this plan of raising capital to fund this bitcoin buying. they have raised 6 billion convertible bonds. they can play a market neutral arbitrage bet. this is a complex bet but in essential part of it is to bet on volatility. they are riding the volatility of underlying micro strategy. there is a big jump at the open. microstrategy was up almost 9% went bitcoin hit the new record. microstrategy moved on that. they are making the convertible arbitrage trade more of feeling

-- appealing to the hedge fund group. caroline: the retail frenzy has been there and people playing leverage bets on microstrategy getting into 2x, 3x. that proved difficult from the liquidity aspect of the market. are there worries about play with volatility when you look at institutional and retail? >> i would say microstrategy is not short of volatility. it is a bitcoin proxy. the volatility on the bitcoin price. the premium. it is trading at 200% more than the value of bitcoin. it could move around. you have the retail that is buying leveraged etf two times. i think in a way the company itself it is more volatile than

any s&p 500 stock. people are just riding the volatility and retail frenzy. caroline: 14% of outstanding shares are currently shorted. that has been a painful trade so far. thank you, all things microstrategy. another story, chinese hackers compromised eight american telecom companies as an espionage effort to gather intelligence on prominent u.s. citizens. that's according to the biden administration officials. here for the details is kathy griffin -- kelsey griffith. eight have been compromised and we cannot seem to get them out. kelsey: that's right. the details are scarce on the ground right now but we know multiple u.s. telecoms have been breached in this seemingly very wide and broad campaign to burrow into our telecommunication networks and

glean important and valuable details about public officials and about life in the u.s. caroline: we know there are worries about both incoming president and vice president in terms of being compromised on their communications. talk to us about what the ceo's have been saying. who has come out and talked about this publicly? kelcee: there have not been a lot of companies that have so far, publicly and talked about this. t-mobile last week became the first carrier to publicly share details about what they had seen on their networks and some of the markers of that threat. they spoke with me about that exclusively. they put out a blog post last week that details some of those threats. what we are seeing is a really sophisticated attempt. t-mobile caught it early but some of the other carriers

weren't so lucky. caroline: fascinating reporting. i think senator marco rubio is eventually meant to be secretary of state talking about how this is as bad as it gets. coming up, does the unicorn status need to be reevaluated? we discussed that with rebecca lynn of canvas ventures. that is next. this is bloomberg technology. ♪

caroline: this is bloomberg technology. a live shot of the principal room. check out the bloomberg technology podcast on the terminal, apple, spotify and iheart. this is bloomberg. ♪

last year more than 1400 startups were valued at more than $1 billion. last year, only 15% claimed profitability. that is how the next guest is measuring the fact that these numbers don't seem to be a measure of real success anymore. unicorn status. how do we reevaluate it? what are the new markers for success? rebecca lynn from canvas ventures. we see your great statistics. but the statistics are shocking. what you think the new benchmark is and how many of those 1400 still vindicate a $1 billion valuation? rebecca: it would take about 20 years for all of those unicorns to actually make it to the public market. only 15% are profitable. on top of that, a lot have been around for over 12 years. just way too long to really hit their stride and hit profitability. with genai a lot of the metrics

we have seen in the past aren't really the metrics we are looking for in the future for success. unicorn status. people have said we need a new beast. that is absolutely true. getting to that billion dollars valuation is not meaningfully more. on top of that, what we see with genai is an incredible opportunity to generate revenue quickly. we are seeing this in the statistics about how quickly companies can get to a million dollars of revenue. it used to take quite a lot longer. right now with genai the median is 11 months. we actually saw company the other day they got to $1 million in two weeks. caroline: is that sustainable? rebecca: is not. -- it's not. i don't think so. i don't think it is sustainable. what we are looking for are companies with a unique insight

and very deep industry knowledge in the area they are going into. that is more important than it ever was before. arr, the ramp we are seeing which so many vc's were hanging their hat on was ephemeral. these big enterprise companies and consumers too are paying money to pilot the technology. at the same time, massive enterprise companies like salesforce hire 1400 new salespeople to capture that opportunity. caroline: how many agent ai companies are you being hit with at the moment? thousands -- rebecca: dozens a-day. -- a day. caroline: what companies do you want to see being built? what problems do you want to see

being solved that is unique right now? rebecca: i love that question. it is so exciting right now to be in venture. there are so many theses we have wanted to invest in for a long me. there are companies that tried to do it but the technology was not there yet. a prime example was a company impacted by genai was case text. they had 10,000 customers. they could not fulfill the last part of their promise, really to truly stand in the shoes of a legal counsel. when genai came along they could do that. that was a huge unlock and why they were purchased quickly by thomson reuters. another one we have wanted to see for a very long time his voice. -- is voice. that is the most exciting thing right now. for many years i thought we should be taking the entire

patient call volume, inbound and outbound, off the shoulders of the physician's office. that should just happen. the tech was not there yet. we have been looking for this tech ever since siri many moons ago and it is suddenly their. we invested in a company recently called parakeet. the founder with super technical knowledge on the medical space. they are doing just that. taking the call volume, the inbound and outbound call volume off the shoulders of doctors' practices. caroline: we listen to you because of the exits you have seen. lumin which managed to do the public kind of route. how are you anticipating some of your portfolio going public in 2025? rebecca: the window is starting

to open. there are some any companies that are ready. the market is ready. the new administration people are ready for the unlock. i think we will see the public markets start to open up. maybe i am too optimistic but that is a viable option for people going forward. m&a. i prefer m&a everything but time. it is a much more linear exit for founders often. founders should always keep both options in mind. my most successful companies have had it very -- a very exciting ipo path. caroline: we thank you for that. rebecca lynn, we hope to see you in the new year. let's talk about a company that is part of the most valuable out there. tiktok. the platform says it's app drew

in a 106 25% annual -- 165% annual increase on black friday through monday. regulars fear the parent company bytedance poses a national security threat. let's dig into that tiktok on tiktok. it could come tomorrow. we have been here all week thinking we would get a ruling. the u.s. would ban tiktok come january 19. >> we are expecting a decision probably tomorrow morning. it is a consequential moment. this is a hugely consequential moment, probably the biggest deal for tiktok since biden signed the law back in april. part of the reason is a huge deal is because of this comes to pass, the first, foreign, social media app has ever been banned in this country. it is not just a social media

app. it is used by half the american population. there are more people on tiktok in america than voted in the last election. caroline: the future administration, the head of it is on tiktok. many of us are on tiktok. the anxiety has dampened away has time is gone on. are we feeling the u.s. court is going to let this continue or could they take it off the table? alexandra: no one knows for certain. it seems likely the court is going to uphold this law that was he tiktok shut down next month. that doesn't mean that is the end of the line for tiktok. it is probably not going to disappear off our phones in january. if tiktok loses tomorrow, they are probably going to somehow appeal the decision, to ask the d.c. circuit to hear it again or take it to the supreme court. caroline: how has tiktok been countering this lobbying behind the scenes? rebecca: a huge piece is

actually american investors and a huge overlooked piece. american investors had so much money tied up with bytedance. they have collectively billions. it's a decision that will affect billions of dollars. one really big question i have had about what has been going on behind the scenes is how will trump's ties to some investors -- we know there's at least one big republican mega donor who trump has a good relationship with. how are these american investors behind the scenes potentially going to affect the outcome? caroline: a lot of them in that great piece today. alexandra. stay tuned for that decision. coming up, an ai boost partnering with openai. let's check in on etsy. they announced their new cfo who

will be joining. executive changes coming from the cmo perspective. the new chief financial officer coming from eventbrite. this is bloomberg technology. ♪

caroline: openai is partnering with defense tech company anduril on anti-drone systems. we have the inside track. this is more of a push we are seeing from openai to be something that serves u.s. defense, the government in particular. >> that's right. the company said they want to prioritize supporting the u.s. government and his democratic allies in adopting ai. a big part is increasing their defense partnerships. they have also done a partnership with the u.s. air force research lab. they are working with los alamos. they have hired former top pentagon official to head up their policy and added the former head of the nsa to the board recently. we are seeing a lot of movement in that direction. caroline: how do employees feel about it? it can be controversial, this kind of work. >> absolutely. in the past, can 2018, when

google -- in 2018, when google was starting to partner with the pentagon and project maven, the partnership ended up not working out at that time. however, now we are seeing less resistance from employees generally. that could change but so far we have not seen much pushback. it is not just openai. their competitor anthropic did a big partnership with palantir and amazon and meta has been doing work in this area. this is a trend we are continuing to see grow. caroline: sam moment was at the deal book event yesterday talking about his optimism that musk will not be too vindictive when close to donald trump. do you think this could be in any way an issue? >> i think it is really too soon to say what is going to happen in terms of ai policy and exactly if elon will be involved.

there is a lot that is being decided about who and how ai policy will shake out. it is too soon to say. caroline: brilliant to have you. thank you. president-elect trump has now nominated fintech billionaire and spacex astronaut joan isaac meant to lead nasa. lauren joins us and he's been busy going up and doing spacewalks with spacex. now he will be leaving his ceo role. lauren: absolutely. if there is one thing most people can say about gerrit is he's very passionate -- jared is he is passionate about space. he burst onto the scene in 2021 when he booked the first all civilian astronaut crewed trip to space on spacex. he's become more of a central figure at spacex. a very interesting pick. i think it will open up a lot of questions about his relationship

with spacex. you have to understand nasa and spacex are very big partners. spacex is may be the biggest contractor nasa has now. definitely a very unique pick for the agency that i don't think we have seen before. caroline: bill nelson. are there ways in which they have protections in place to not have these blurred lines for someone who ultimately does not work for spacex but has piled a lot of is personal fortune using spacex? lauren: i believe there are some areas where he might have to recuse himself. if he has an investment in spacex where he holds shares, it's possible he might have to divest those. if there are major decisions being made about future contracting, it is possible he might have to recuse himself from making those decisions. a lot of the times nasa

administrators don't get into those nitty-gritty details. is a lot of open questions a lot of people will be asking. anytime nasa makes a decision on a major contract, those can get quite contentious. we saw that when they put out bids for the human landing system. spacex won but blue origin sued nasa and the government over that decision. those decisions can get quite contentious. i think his election will only add fuel to those fires. caroline: there are pictures of jared isaacman doing that spacewalk. plenty of interlinking going on. we think you for bringing us the latest on the latest from trump administration picks. that does it for this edition of bloomberg technology. don't forget to check out the podcast. you will find it on the terminal, pineapple, spotify and on iheart.

with stocks near record highs, this is bloomberg technology. ♪

>> welcome to bloomberg markets. trays are in a bit of a holding pattern waiting for the u.s. jobs report that is set to be released tomorrow morning. let's show you where things are at in the financial markets. s&p 500 little changed at the moment. holding on at 6088, a record high. we will see if we can hang on. the russell 2000 which tracks the small caps