>> from is heart of where innovation, money, and power collide in sill don valley and beyond. this is bloomberg live with caroline hyde and ed lud low. >> live from new york, i'm caroline hyde. >> and i'm jackie davalos in san francisco. this is bloomberg.

>> investors unsure of a new a.i. product salesforce. and we sit down with the c.e.o. of amazon after they unveiled the long awaited a.i. version of alexa and its new quantum computing chip. first a look at the markets. this is a macropicture that weighs heavily on the market. innvidia figures did not do enough. whether blackwell is ramping up fast enough to offset some of the losses. new cycle of scaling loss that come from reasoning models. other names we'll be diving into. salesforce up 2%. agent force not bringing in the

revenue as quickly as had been anticipated. a can you quantum chip and most noticeably, the a.i. infusion. we now want to welcome amazon's president and c.e.o. andy jesse. great to have you on. >> thank you for having me. >> back home where you grew up. how is a.i. infused alexa+ going to excite your customer base? >> alexa has been around for 10 years, we have 600 million devices in customers' homes and cutoffses and alexa+ is our next generation aelectiona perm system. she's more capable and useful

than her prior self. you can do everything you used to do but every single function is better. there are so many examples but if you have smart home controls with alexa now you can say, alexa, i have guests coming over at 7:00 p.m. could you raise drapes, could you raise the temperature by five degrees, turn on the porch lights and the driveway lights and put on dinner music in the living room. >> dining music? >> simply using conversational language light like that. you don't need an app. it just happens. alexa+, there have been a lot of chat bottoms around good answering questions but they don't take actions. alexa is going to be the first one note only highly intelligent to answer various questions but

she can do so many things for you. put on music, play video. hire people to fix your oven. it really is the first big, large-scale practical use of general active a.i. that consumers are going to be able to use. >> how are your stakeholders of shareholder base going to feel about this? how is it adding value for them? >> if you think about what alexa allows customers to do. it makes shopping more easy. it makes enjoying music easier, enjoying video and streaming immediata better. it allows you to control your smart home in a different way so every one of our consumer actions gets better with alexa+.

we have a brand-new lineup of products coming out in the fall that i think are beautiful and people are going to really like. we have opportunities to service new products and interfaces and then we have subscriptions so i think there's a sustainable business model there as well. >> talk to me about subscriptions. you kind of get free with you get it with prime. are you able to increase the prices now you think? >> prime is an incredible value. if you think about free shipping on 300 million items and most of the time you're getting your products now inside of a day. between that and what you get with prime video and prime music and the grocery subscription and our unique selling events, prime is an incredible value. >> so you could increase it? >> touched on top of it alexa+,

it's great value. we don't have any plan right now but i do think prime is an unusual value and that's why people use it to expansively. >> to increase that use of generative a.i., that cost money. you said out of all companies, you are spending the most on a.i. how much are you spending on a.i.? >> we don't disclose the exact amount but a pretty significant amount of cap wax and the lion's share is on generative a.i. we've seen although it's a million dollar a year business and growing percentage wise year by year. and we have this interesting and for the -- on a.i. inside of amazon. which is, if your mission is to make customers' lives better

each and every day, which it is for us and if you know that all the customer experiences are going to be better through genre active a.i., if you believe all those things you're going to be building a lot of a.i. generative apps. you can't help but get a lot of feedback from people on how they want those building blocks that create generative a.i. to be better and if you're creating those building blocks, which we are and you're getting a lot of feedback, they get better much more quickly which can't help but make it easier and quicker for people to build genre active a.i. applications. so that fly wheel is unique to

amazon. >> you said basically a $100 billion run rate. how much goes to a.i.? >> the lion's share. more than 50%, yes. >> is it more than 80%? >> [laughter] are we playing the warmer and colder game? >> i love a game. talk to us about that capacity you talked about. a.i. could grow even faster if you had all the chips, power, mother boards you needed. >> it's hard to put an exact percentage but i do think it could be growing faster. i'm confidence it could be growing faster. there still aren't as many chips as we all want. we're fortunate in that we're big partners with innvidia but he also have our

own in silicon valley. we still don't have enough chips and there just is not enough power in the world right now. we're all working really hard on that. i expect to release the second half of this year but right now the world could change but right now we have insatiable demand. >> we had amazing demand coming out yesterday from jansen wong. what pulled back capacity and when can you depend on more of your own house-built chips? >> there's a lot of demand right now for generative a.i. people are very excited about it. i think some of the generations maybe have gone through d.

evolutions. there are some components like a.i. and they said we all use that are in shorter supply than other. already some supply chain issues, which i expect get better. people are very excited about trading, too, to your question of whether we could see more demand there and we've gone back on at least a couple of occasions because we have so much demand and i can foresee customers wanting to run compute on chips but i think a lot of it also will be done by training. >> the things you couldn't do because of limited capacity. who lost out here do you this i is this. >> it's always that combination. for people that just have a very small amount of accelerators that they need, they don't

usually have a problem. we have something called capacity blocks, kind of like an on-demand way to use accelerators and generative a.i. chips and that continues to grow. it's really folks who have an idea for a new application but they need a lot of chips where if we don't have the capacity, we have to give them what we can and as fast as we can and push our partners to get it in sooner and they can't get their initiatives done quickly if the capacity isn't there. >> you have a close relationship with an throatic? >> we do. we have a project called project rainier with them. they're building their next model. they're going to use other 400,000 training to chips and yes, they have capacity. they're ramping up and we're excited about that partnership

and what they're building. >> you mentioned the power side. how much is that something you're talking to the administration about? how much is the administration supportive of the building you need to do? >> week talking to multiple administrations in this country over the years and other countries as well and i think the power shortage really snuck up on people. really right after the pandemic and i would say that the current administration is very receptive to it. they understand the constraints it's having on the economy and are convicted about solving it. >> what are the restrictions around chips? microsoft just called on the administration today to say this chip limitation is going to limit all global business. is that something you're worried about? >> we are. i think that -- you're really talking about the a.i. diffusion

about, i think. i'm curious to see where that goes. it was enacted pretty quickly at the very end of the last administration. i don't know how this administration feels about it but i would say we share the concern that it haslem faces on certain countries who are natural alleys of the u.s. who, just to do their business and those companies will be able to get done what they need done, they're going to need more chips. i think if we don't do it, we're going to basically give up that business and relationships to other countries who can provide those chips. >> is it a risk to a.w.s.? >> it's not so much a risk. in the scheme of they think so, it's not a big swinger but i also think that there are so many countries who are in the early stages of their economic development who both really need

access to the most cutting edge, as far as indicated technology to build the right customer experiences and that could be big geographic markets for companies like ours and other technology companies where i think it would be a shame to limit them and the companies. >> did the a.i. diffusion rules brought in quickly by the biden administration, all of this is in the context of the u.s. versus china. rate for us for a moment the administration and whether it's been net positive or negative for your business when it comes china? the fact that chinese competitors are going to have to pay more to get goods into the country. does that help or hinder you? >> i would say on dominous specifically, we have a certain number of things chipped in that

way. we may be less than other companies like ones that you checks mentioned. it's early in this administration but it is encouraging to us that we have an administration that wants to hear from businessth we've been in business for six administrations. every single one of them, our primary focus is to take care of customers but we try to build a productive relationship with the administration because we want to help country. some are more receptive than others but this administration cares about what business thinks. i've always been surprised that it is obvious that the best results for the country is going to be when the private and the public get together. the administration is going to

make policies early if they want to collaborate. i'm encouraged that this administration is interested. >> do you take calls? >> i take calls. we share with the administration what is working for us, what's not. as i said, some administrations care more about our feedback than others. >> has trump cared about yours? >> as i said, this administration has been pretty business the first month but i am encouraged that they're having conversations with businesses and they do care about our feedback. we'll see what happens but it starts with a sky log. you have to have a dialogue to have any kind of a relationship. >> just take star gate. are we going to hear more from you on how much you're investing in the united states on the a.i. buildout as well? >> we said it was directionally

right in terms of the run rate and capbacks. we're spending a lot on a.i. infrastructure and the lion's share is in this country, in the u.s. we have customers in a couple hundred countries but we have a pretty substantial investment. >> i'm interested in something that perhaps to going to feel a more sensitive topic and it comes around perhaps some words missing in your annual report this year. which is diversity inclusion. i know that amazon strifes to be the earth's best employee and i'm wondering how your employers react to lack of certain words now evolved and whether or not progress might be forced to change? >> at a high level, if you serve as many customers as we do, as

many diverse groups as we do, you've to have a diverse team to be able to build products that work for everybody. that has always been our intention and continues to be our intention. i think that -- there were so many program that is we and other companies launched in the pandemic and we've gone through very thoroughly every one of our business areas and the programs we have conviction on, we double down on and ones we don't have conviction about, we streamline. we looked at our promise on diversity. our fulfillment center teammates are able to get an advanced

education for free on us. that has been very successful and meaningful so we double down on programs like that. other programs that haven't been very successful we just moved away from but we have a diverse group and we'll continue to do that. >> and you can still use that word? ultimately you're not having to reframe it. >> lots of people call it lots of different things but we have a giant customer base and we want builders who can build for them. >> culture is key. you always talked about doing less. your focus has always been frugality. reducing layers. how is that going? >> it's going well. if you have a company where the culture is an important radius

for your success, which is absolutely true of amazon. it's kind of your birthright to have right culture. you have to work at it all the time. for us, there were two areas we looked at as a leadership team last year we wanted to strengthen. one was we have always hired really strong owners. smart, ambitious, who get the own the lion's share of -- in this case, i would say 90-plus percent of the decisions and they -- as you add a lot of people, you end up with a lot of middle managers and they want to put their fingerprint on everything. so you end up with them not always recommendationings and owning things that the way we hasn't that ownership.

we took ratio to increase by over 50% by the end of this quarter. for the people doing more work they're going to have more ownership and be able to move quickly. if you're a company that collaborates a lot like we do. if you don't have people in the cutoffs doing that invention, you don't invent the same way, you don't connect the same way, you don't connect with the culture the same way. having people back in the cutoffs we felt is going to be better for customers and business. >> you have a new quantum chip. what does that mean to have that at this exact moment? will it be practically useful soon? >> quantity up dutying has a very high potential.

it has the chance to solve some very intense problems. i still think it's realistically a few years away but you have to solve a bunch of these challenges that relate to quantity up computing along the way and one of them is around error corrections and that's what it does. it's a meaningful way to correct things that makes a meaningful difference. we're about to hit a milestone. it's just another example of invention. >> i feel learning of how generative a.i. suddenly became not just in the business parlay but suddenly everyone was discussing it. i feel like quantum could do the same thing. where do you sit on scope of that?

>> gosh, i don't know. i'm hopeful it's more in the five-year range than in the 20-year range. all of these things that are successful are seven, year, 10, 20-year successes. we've been working on a.i. for 50-some-odd years and then, boom, it happened and it shocked us when it was actually more acceptable and worked. i think the same thing could happen with quantum computing. takes a long time and then audit solves problems and it feels like it happened overnight. >> and then euphoria comes and people try to make head or tail or how long that euphoria lasts. going back to the investigate that you make, particularly in generative a.i., do you think it's going be peak year for

investment that amazon makes? >> i don't know, i have a feeling that you're going to end up with some people who feel december illusioned about a.i. there are so many companies doing pilots right now on their generative a.i. applications. and you're going to see a little bit of it but i think that the smart companies are going to figure out which are the initiatives that can really change their customer experience and businesses that keep investing in a.i. and the slower companies will be behind by two or three years, maybe more. the reality is, even more so than software develop. generative a.i. is very iterative. maybe it doesn't work exactly as you design it but largely whereas in genre active a. it, normalize get better kind of at

disproportionate rates. i think that a lot of times when you're building models and the model gets so much better, the scientists on the team can't believe it because the model is learning itself so i think that if you aren't investing in genre active a.i., you're going to be behind by even the amount of time that you waited because there are so many lessons up get from building iterative applications today. >> and as it relates to alexa+? >> we care about, in all our businesses, we want our customers to be able to change their customer experiences and improve their businesses so they can last over a long period of time successfully and if we can do right by customers and they're able to runner that applications on top of our infrastructure strategy

services, they're successful and we along with them. in all these areas, we have services we build ourselves. in the area of amazon nova which people are really excited about. it's got comparable intelligence but meaningfully less expensive. we have deepseek and others. the largest collection of leading foundations in the world and if customers are happy with those they're successful. if you build a lot of general a active a.i.'s, you use different model tips, even in the same applications. even alexa+ uses multiple foundation models. we want people to use the right model for their applicationings and we make et easy for people to use them on a.w.s. >> we thank you so much.

>> thanks for having me. >> andy jassy, president and c.e.o. of amazon. we'll be right back, talking about what's happening with the nasdaq 500. what did nvidia give to its base regarding a.i. adoption?

caroline: welcome back to "bloomberg technology" in new york. >> and i'm jackie davalos. chip players are leaving more questions than answers about the longevity of the a.i. rally. and microsoft down about .4. it

believes are vital markets. microsoft argued those could spur country to turn to china for advanced chips. broadly, microsoft following a similar trend as other tech stocks. nvidia shares down today, reflecting these concerns about profit margins that eclipsed an upbeat revenue forecast. ian king joins us to break down some of these results. i want to hone in on what was really going on that probably left investors feeling weary. blackwell, they're roll ought but at what cost? >> taste continuation of what we saw three months ago where they're saying look, everybody wants these chips. went to get them out as fast as we possibly can. it's more complicated. the computers are based only way more complicated it's going to cost us more. but at the same time, the margins are still above 70%.

jackie: people would weep to have more than 70% margins and we hear, of course, from -- trying to get back to mid-levels but when we've got the markets still skating on thin ice here, ian, was enough said about china? was enough said about potential hits to their future demand from competitors such as amazon, for example? ian: yeah, i mean, as you are indicating there, were several areas of concern and the company had clearly done their homework. they approach answered everything in order and went at it pretty hard with statistics and assertions. this is a company that investors have gotten use to having every inning be a blowout and this was just regular common brazilians. jackie: just 80% growth in revenue. ian: yeah, $120 billion company.

so, we're not suffering here, but we're just not surprising people on the upside in the way that we used to. jackie: let's talk about what took nvidia's wind out of its sails earlier this month. last month when deepseek came on to the scene, sparked a lot of concerns that we might not need as many chips as we thought what did the company had to say about that? ian: it was clearly designed to deal with that concern. the c.e.o., what he was saying was this is a new way of doing things. but our chips are really good at that as well. and in the end, this is going to speed everything up. this is good for everybody. and he gave a lot of technical explanations that were self-serving but at the same time logical and reasonable. but again, the numbers are what people really focus on.

jackie: what is so interesting is at this time, we're wondering about what the administration means for nvidia, for its access to selling chips to china but also too allies do, allies. and we've got this push from microsoft today, brad smith calling on the administration to avoid this focus on a.i. diffusion rules. what did you think jensen's reaction would be to microsoft's letter? ian: i mean, you could argue that nvidia is the precursor to this sentiment and you got a little bit of that from the u.s. as well, the fundamental argument is if you hubble china, guess what? it might backfire. it might hubble us. it might hit our research and development budget and hit our end market access and eventually china is going to be so motivated that they're going to get there themselves and we'll have no play there. and we will have created a monster that we can't control. that's the fundamental argument

that's being given in different ways and nvidia has been definitely one of the ones that's been voicing that. jackie: bloomberg's ian king, thank you. let's bring in the investor take now. let's just go back to the fundamentals of nvidia's business right now. what did you make of the numbers? was there not enough there to excite you at this this $3 trillion valuation? >> we thought the results were in line of what we're expecting and maybe slightly better. it's just that in this environment where there's so much uncertainty in the markets, you know, people are just a little skittish about just waiting and being a little bit more patient to see some of these numbers come through. they did talk about how margins will expand in the second half once blackwell becomes a greater portion of the mix. but people are a little bit impatient in this environment. jackie: what do you make of the company already starting to talk

about is next model of a.i. chips? i mean, it just seems like a lot of these newer models are just coming out really fast. do you think that's going to a longer term drag on margins or even risk exhausting customers? >> i think so. and i think we see this just in the sort of end use case and how quickly we can adopt a.i. into all of our everyday lives. i mean, amazon's the perfect example of how they're trying to incorporate a.i. into our lives through alexa plus. we have to see this in more areas and consumer behavior is really slow to change. so we've got to really see the pace of consumer demand and enterprise demand really match the build-out of a.i. but the structure, the underlying infrastructure of a.i. is going to take lot more compute power as jensen has

mentioned. so that's going to continue in order to just set the stage. >> what did you make of the company's comments around interferencing and its ability to take advantage of the next frontier where a lot of the new reasoning models are going to depend on this type of training? are you confident that the company is poised to really benefit from that? >> you know, i won't doubt jensen and you know, the technological advances that he's been able to create at nvidia. and i do believe that just the overall, you know, inferencing market and all the reason, and the amount of compute that they talked about, you know, 100 times more compute power needed in order to do all the reasoning behind the scenes. i do believe that that is probably the right direction. i know there was a lot of concern when deepseek came out but this is another area that a.i. is going to continue to proliferate, you know, and more

use cases for a.i. >> there are these limitations, though. i agree jensen wanted a lot talk about these laws that come with the latest and greatest models and reasoning. he didn't really talk to those some of the geopolitical limitations right now and brad smith asking the government do away with biden's aa.i. diffusion rules to allow companies to sell globally with ease. is that something that you're thinking about? >> absolutely. i think even when you go back to when deepseek's news came out and really impacted the whole sector, it really goes to show the arms race or the a.i.'s race that is in hand at the moment. it is critical and really important for the u.s. to be in that pole position and that's what's going on here. and we'd like to get as many friendly faces on board with how

we, the united states, and nvidia and other chip companies are deploying a.i. caroline: ok. which companies are in the pole positions for you? which ones do you want to be adding to at this moment? >> from a tech standpoint, you still want to have some of the big tech names. you know, nvidia, we're not selling any nvidia at the moment. it's been range-bound for a while. we do believe in the long term, it will continue to grow. broadcom is another name. and microsoft as well. microsoft is, you know, at the forefront here, pushing for additional globalization of their technology in allowing for their technology to be more ubiquitous so they can, again, you know, everybody wants to be in that pole position and i think we want to put america first. jackie: thanks for joining us. coming up, sales for a strong fourth quarter results are being

overshadowed by its tepid growth outlook. alex zukin will join us to discuss. this is bloomberg. ♪

caroline: this is "bloomberg technology." you are looking at a live shot of the principal room. this is bloomberg. ♪ caroline: shares of sales force under pressure telling investors that it expects its a.i. product to give a modest contribution to 2026 revenue. let's unpack it all with alex zukin of wolf research. alex, the forecast is what worried people here. 40.5 to 30.9 billion dollars. is sales force not bringing

worries enough? alex: a lot of times when regulated industries, you want to be slow, you want to be methodical. you want to really be in there delivering value but you want to be conservative. that's a feature and not a bug. and investors seen this movie before with the arrival of the cloud where it does take time. and i think with agent force, we would expect it to be less than a point of contribution. a lot of times, you're seeing companies start small, experiment, and then have the ability to get a lot bigger. i think it's also important to remember there's labor -- there's a labor, not cost, but there's a problem here where you want to be very careful and nuanced in how you treat this innovation because it can be disruptive to culture. and so, you want to really have a great sense of what's durable, what's reliable and what's transferable. and sales force is in the mix and in the middle of really driving that massive innovation

for these customers. caroline: let's talk about sales force's only labor quandary. they're having a real change of shift in terms of the executive level. what do you make of all the changes? alex: as companies get bigger and they evolve, it creates the opportunity to attract new talent with different levels of experience. sales force has done this with many companies in the past as they went through multiple very senior co-c.e.o.'s, injecting just the right amount of stuff that the company needed at that time. i think with the current change, i think robin brings a lot to the table. she really brings a lot of experience the new cofo. there's a lot of opportunity with that change. it's right for investors to understand that it's a little

bit riskier from an execution perspective but they've got the right set of hands on the control i think get you some sailing. caroline: salesforce has been an advantage for agents. this is the next big application that will justify, just how much investment has gone into this space because it seems to be useful. like things in customer service. are you worried what that salesforce said about the demand portends something deeper about adoption going forward? alex: it's a great question and salesforce is not the -- that goes to microsoft and co-pilot. and salesforce has a real opportunity and they want to be very careful. they want to go slow. they want to really double down on the successes that they're seeing and they talked about some marquee large customers,

singapore airlines. they talked about accenture. there are examples with open table and sharkninja where they discussed agent force on their own earnings calls. so i would view that demand is off the charts. the fact that they went from 300 deals to 3,000 deals in one quarter. but i think you have to look at this over a period of time where the amount of value that these customers will be able to realize in their own organizations and the amount that they will be willing to pay to salesforce versus the amount they currently pay. it can be a meaningful multiple but it's going to take time. jackie: speaking of customers, the department of government efficiency, doge, has been using slack for some of its work. what did you make of that? alex: sounds like they have a really good collaboration platform that they acquired and i think part of the vision for salesforce, part of the vision for agent force is to have a

ubiquitous communication platform because it has a lot of data that's very relevant and a lot of workflows and the data model that salesforce can enrich by having those conversations available directly in the application is going to be important. so look, i look at this as these people need have, you know, relationships with everybody and i think that mark talked about how many administrations he's worked with, the company's worked. so i would view this as a positive for salesforce. jackie: thanks, alex zukin from wolfe research. warner brothers's discovery and barrel. out with their earnings. here to unpack them for us is bloomberg's hannah miller. streaming was a bright spot which is something we haven't heard that often what was driving the demand here and profits as well?

>> yeah, both warrens brothers and paramount focused on the huge streaming games that they had in the fourth quarter. and they were trying to draw attention away from the fact that they missed on revenue estimates and, you know, still struggling with their cable tv businesses if you're looking at warner brothers with subscribers, they did a huge international push. early in 2024, especially in europe, and latin america. so that helped drive subscriber gains for them. caroline: really was an international focus and subscribers coming up to 117 million with their advertising revenue the paramount+ ads were good but elsewhere fell short. hannah: they emphasized that they're aiming to be profitable by the end of this year. and they really between the fact that they have this wide range of comment, she'll shows created by taylor sheradon. so that's what they really try to push forward their earnings.

again, drawing attention away from the fact that their tv businesses are not doing as well as they would hope. jackie: what did the company say about how it plans to sustain some of that content generation? because it's really expensive to invest in. it takes time as well. hannah: yeah. i mean, warner brothers really emphasized this morning they have a diverse range of content. they're pulling from sports, doing scripted-man shows. the "white lotus" came up, and "the pit" is something they came forward. they are willing to invest in creative ideas and this is how they're getting customers. caroline: hannah miller, we appreciate it. thank you. talking to creators, mr. beast is seeking to raise a couple of hundred million-dollars to span his business in a fumbled round that will value the company about $5 billion. talks still in the early stages. not yet clear who will invest. more on amazon's alexa plus. this is "bloomberg technology."

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caroline: so we kicked off this show with amazon c.e.o. andy jassy joining on artificial intelligence. they just announced its first quantum computing chip.

let's break it all down. first on the quantum chip, it's amazon's mo. >> they were reminding us if you build one, it cost you $1 billion. so we think we can build a cheaper mouse trap that get more uptake. jackie: how much of this just companies trying to plant a flag to show that they're in the quantum computing game? are we expecting to see anything come out of this in the short term? >> short term, i'm not so sure if it's notable, they said a decade is maybe pretty aggressive which is a lot more sober than microsoft a few weeks back saying years, not decades. so there's a lot of positioning going on. but aws side on the more conservative side. the change that has happened is folks are saying it's a when, not an if. caroline: they're not conservative when it comes to spending and try as i might, i

try to get them to get what capx is on a.i. you did say basically $100 billion. can you give us a percentage rate on how much that goes to districts and how much goes to a.i.? >> a lion's share will tell you most of it the lion's share is more than 50%, yes. caroline: more than 80%? [laughter] >> we're playing the warmer and colder game? caroline: yes, exactly. do we need more specifics? >> we will but he did make some news. amazon's been careful about making multiple billions of revenues. andy told you many billions. so we're parsing adjectives here. but they're getting more specific and they're going to have to. jackie: matt, what do you make of some of the competition? of course, you've been looking at quantum very closely. alexa is really competing on that hardware space.

but shifting back to the quantum's, i want you to -- piece, can you break down in what jassy said about how they're approaching it versus microsoft and others have said? >> not particularly. everybody says qualm town is a -- quantum is a really hard problem to solve. i think again, the aws approach is simplicity in trying to take out as much cost as they. microsoft is a different boat. those aren't claims you're going to hear from google or amazon for sure. caroline: very briefly, they're still committed to stripping out the layers within the company and that's going well? >> it's not a crisis. we've heard retention issues like a lot of folks who are upset about rto. for now, no big layoffs in 2025. we'll see. caroline: matt day, it's been a joy having you in new york as well. he's going to bid farewell and jump on the plane to seattle.

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♪ >> welcome to bloomberg markets. u.k. prime minister keir starmer is set to visit president trump at the white house seller and on their agenda, bilateral trade and the war in ukraine. monitoring headlines on their discussion before a news conference scheduled this afternoon. in the meantime with the with quick check on market as we get midday here in new york. you looking at the s&p 500. that is in the red, down threepf