ludlow in for emily chang.oming up, bloomberg's conversation with microsoft ceo satya nadella and linkedin plus -- about productivity and by -- is confident about approval for microsoft's acquisition of activision blizzard. the biggest convention to hit san francisco since the pandemic. the bloomberg tech team was -- and asked about his future at salesforce and the economy. impossible foods joins the claimant pledge to reduce carbon emissions tended zero by 2040. i talked to peter mcguinness about the role his company place. that in a moment, but first, the markets. a tech tumble following wednesday's fed rate rise. joining us to break it all down, katie greifeld. katie: hi. good news and bad news. the good news is -- stuck together for the first time ever. the bad news, it was a terrible day in the stock market. the hangover from the fed wednesday continues. you can see the big tech stocks, that index falling over 1%. chips taking a beating, underperforming, down almost 3%. the riskier parts of the market real

in silicon valley and beyond, this is bloomberg technology with emily chang. emily: i normally chang in san francisco and this is bloomberg technology. -- i'm met emily chang in san francisco and this is bert technology. -- i'm emily chang in san francisco and this is bloomberg technology. in bloomberg approves of i out as a former head of security -- abiotic former head of security. what it means for musk's attempt to get out of the deal. in my one-on-one with melinda gates from the gates foundation that shows the world is in doing so great. also the changing philanthropic landscape and how she is taking action post roe. in her relationship with bill. let's get a look at markets with stocks plunging. ed, what happened? ed: for focus on the consumer price index and inflation print which came in hotter than it acted. we built up anticipation that inflation would be cooling off and it did not. the full focus on the fed meeting next week. the main gauge of u.s. equity the s&p 500, the biggest drop with a tech heavy index dropping since march 16, 2020. you and i re

innovation, money and power collide, in silicon valley and beyond, this is bloomberg technology with emily chang. ♪ emily: i'm emily chang in san francisco and this is uber -- -- bloomberg technology. in the next hour, it has been a tough year for tech titans everywhere but there is one standout and that is mark zuckerberg. his 71 billion-dollar wealth white bell and how much the metaverse ways on that loss this hour. plus, how apple is quietly backing an association that brands itself as giving a voice to small business app developers. big tech under increasing scrutiny in washington. climate week is underway in new york city. we will take a look at one company helping other businesses fight climate change by taking a harder look at their own carbon footprint. first i went to get a look at the market. tech stocks pushing higher to start the week with all eyes on one thing. the fed meeting. ed ludlow with the biggest moves. ed: a picture says a thousand words. the market pricing in at 75 basis point hike pushing rates about 4%. market did start rising. .8% the outperformer in the tech heavy inde

in silicon valley and beyond, this is "bloomberg technology" with emily chang. ed: i'm ed ludlow in new york and for emily chang, this is bloomberg technology. artificial intelligence, a whom annoyed robot in a recruitment drive for how tesla works. the ev make a -- maker hosts its second ai day. we discussed what to expect. bloomberg learns that the super agent is pushing a settlement between twitter and elon musk. the social media company shares jump in the key players are revealed. starting her own firm. talking with her on how she plans to put the 1.5 billion capital she raised to work. we will get to all that in a moment, but let's get to the markets. wow, what an end to the week, to the month and to a quarter brutal to the nasdaq 100. here is the latest. >> pretty much everything under the sea. everything trading sharply in the red. it has really been a brutal september. i have emails from analysts and strategists saying good riddance september, that is a signal of all you need to know for the nasdaq 100, in particular. a third quarter trading in the red.

innovation, money and power collide in silicon valley and beyond, this is ""bloomberg technology," with emily chang♪ emily: i am emily chang in san francisco and this is "bloomberg technology." a bad week for tech stocks that just cap getting worse, the worst five days for the nasdaq since january as investors what the -- wonder what the fed does next. grinder the dating outcome of focusing on the lgbtq plus community, has a new ceo, our conversation. bad news for star wars fans, disney has pulled the film rogue squadron from its release calendar. how this will impact theaters globally. first, a look at the markets and ed ludlow. we made it to friday. market and tech stocks, a bad week. ed: the nasdaq 100 closing down .1% but the worst week for the nasdaq 100 since january. you saw the big and small, but the mega cap strike does lower. semiconductors gaining .5%. a run up in yields. continued volatility. currency and digital assets will rise on the fed next week. a real tell is this chart in the bloomberg terminal. we talked about the worst week for the nasdaq 100 since january, but it is the ninth

in silicon valley and beyond, this is bloomberg technology with emily chang. emily: i'm emily chang in san francisco and this is bloomberg technology. misleading the public and security lists are a ticking time bomb. what it means for musk's attempt to get out of the deal. my one-on-one with melinda gates from the gates foundation that shows the world is not doing so great. also the changing philanthropic landscape and how she is taking action post roe. her relationship with bill. all of that in a moment. let's get a look at markets with stocks plunging. especially tech. ed ludlow is joining us now. ed, what happened? ed: for focus on the consumer price index and inflation print which came in hotter than it was expected. we built up anticipation that inflation would be cooling off and it did not. the full focus on the fed meeting next week. look at the nasdaq, the s&p 500 the main gauge of u.s. equity , the s&p 500, the biggest drop since june 2020, the nasdaq with the biggest drop since march 16, 2020. you and i remember that day in the context of the pandemic

innovation, money and power collide in silicon valley and beyond, this is bloomberg technology with emily chang. emily: i am emily chang in san francisco. coming up in the next hour, could be the secret to a peloton rebound, the bike maker debuts its long-awaited rower. while customers spark over more than $3000 for it? it will discuss. plus web three meets the 5g and efforts of its kind, t-mobile is teaming up with anova labs to launch the first crypto powered mobile service. it is trying to tackle everyone's energies crypto problem one blockchain at a time. the cofounder is with us. all of that in a moment. let's get a look at the markets. another tough down day for tech stocks ahead of the key fed meeting wednesday. crypto also selling off. ed ludlow is here with the biggest movers. ed: there's fed positioning's, we are coming up on monday the worst week since january, more red on the screen of this tuesday. nasdaq 100 down .9%, down 13% from its amid august. you see underperformance in the semiconductor sector. yields pushing up multiyear highs. the 10 year reaching 3.5%. the shorter policy

innovation, money and power collide, in silicon valley and beyond, this is bloomberg technology with emily changmily chang and this is "bloomberg technology."

from the heart of were innovation, money, and power provided, this is bloomberg technology with emily chang. emily: i am emily chang in san francisco on this is bloomberg technology. social media executives on the hot seat in capitol hill. current and former employees from youtube, meta and tiktok, asked questions about privacy and misinformation. the question remains how do regulators get ahead of a rapidly evolving social media landscape? you have more on that in a moment. plus the ethereum merges closing in. what does it mean for the blockchain and crypto landscape at large? that, later this hour. the trial of travel mitten, is heating up with a former contract turning whistleblower telling the jury he made 600 thousand dollars by contributing information to the shorter word that heard milton's downfall. first i want to get a look at the market, tech stocks rebounding, outperforming the broader market coming a day after the biggest selloff in more than a two years. hotter than expected inflation data makes next week's fed meeting that much more consequential. ed, i have released today. e

for a changing world. emilyes of twitter jumping in yesterday's sunshine -- jumping in yesterday's session after a delaware judge told elon musk we cannot delay the trial with twitter. of course, he tried to walk away from the 44 billion dollar deal. ed ludlow is here with all the details. ed, a big loss for elon, meaning he will not be able to pull together additional discovery. what is a signal for the judge? ed: best day for twitter shares since july, the idea being that a brisker timeline further trial favors twitter. most analysts would say the schedule boosts the odds that twitter will be able to enforce the original deal terms, which is $54.20 a share, valuing twitter at $44 billion. the judge said she could not delay the trial but even four weeks. musk's team were asking for december. if she did, it could bring harm to twitter's business that she could not justify. emily: so, one win for elon musk. he can use the complaints of this whistleblower that recently emerged, to an extent. explain. ed: this is t

emily: does a more hawkish fed change things? nteresting because i think the public market dynamics , we are many years away from being a public company. emily: layoffs. there is belt-tightening. there are companies making hard decisions about their priorities. >> it is true. that hawkish eye on your bank account. now more than ever because access to capital is comparatively limited. emily: as you look ahead over the next year, what are some questions you are going to be asking the companies you work with to give you clues about how the market is changing? maybe this is what the data says now, but maybe there is delay? >> sure. our cfo services team works very closely with a bunch of our customers who help them build out their own financial model and forecast and budget. we will also see good data about what happens in fundraising markets. there's a lot of pent up dry powder that is not being deployed. we will see different results. emily: are you in the middle of fundraising? have you had conversations with investors that have le

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innovation, money, and power collide, in silicon valley and beyond, this is "bloomberg technology" with emily chang in . ♪ emily: i am emily chang, and this is "bloomberg technology." we are alive from apple's campus where the company just unveiled its next generation of devices. the upgrades to new iphones. watch and airports focusing on health, safety and satellite connectivity. one surprise, the price of the bottom of the line-was unchanged despite the worst inflation in decades. we will give you the full download. but first, we want to get a look at the markets and how shares reacted to apples big reveal. ed ludlow is back at home base in san francisco. take it away. ed: apple did not push to session highs till they got to the point of the presentation where we got the details for iphone 14, particularly the pro- and higher end models. we treaded water on the stock throughout the unveiling of the latest generation of apple watch and airpods, but we pushed higher once the details of iphone 14 started to come up. appo 0.4%. on seven occasions over the past decade when apple has unveiled a new gen

innovation, money, and power collide, in silicon valley and beyond, this is "bloomberg technology" with emily chang♪ emily: i am emily chang in san francisco. this is "bloomberg technology." it is the biggest ever takeover of a private software company, adobe buying figma, $20 billion. we will hear from executives. the merge is here. success. we will hear from a ethereum developer about what is next. climate tech investor and entrepreneur david friedberg is with us. we will ask him about his tech emanate, new spac, and elon musk. first, ed ludlow. another seesaw session. economic data at the heart of it. what's going on? ed: yes, showing data jobs holding up, retail sales, factory output increasing. why do we care? were looking for signs about with the fed will do next wednesday with rates. that is a real underperformer down. the s&p 500, the main gauge, lowest level since july. semiconductors weaker, yields push higher. breaking news. after the market fed x has scrapped its full-year earnings guidance for 2023. fedex is not a company we track, but look below it. that is why we care. amazon down 2%

jon: thank you emily chang with the ceo of micron.: carlos alvarez winning the title at 19 years old. the tournament has long been a major contributor to tourism, nearly doubling. what is the secret? corporate boxes. i asked how they plan to broaden the revenue stream. it is the home of the qualifying tournament open to all fans of all ages and that runs through the entire first week. it is free and open to all fans where they can see every top marquee player practicing, open and assessable to all. we had 100,000 people register for the access pass to be able to get in and to down in the first row courtside seats to watch rock found the doll and serena williams practicing there and they were enthralled -- rafael nadal and serena williams practicing there and they were enthralled. this is an important part of this event for many years to come. with respect to the u.s. open suites, they have sold very well. there is more demand than we can satisfy. we aim to satisfy everyone who wants to come in and enjoy the grounds for the day and see

innovation, money and power collide, in silicon valley and beyond, this is bloomberg technology with emily chang. emily: i'm emily chang and this is "bloomberg technology." in the next hour, elon musk tries to back out of a $44 billion twitter deal again. twitter rejects him again. this before a whistleblower is set to testify on capitol hill. could that change the trial? streaming platforms going all out for sports broadcast rights. the conversation with amazon's global sports video vice president on the big ticket deal for thursday night football. more leagues making bets on the blockchain. an nft startup backed by serena williams made a deal with the nba. all of that in a moment. first, a look at the markets. tech leading gains in equities with key inflation data to come later when the week. ed ludlow is in new york with the latest. >> breaking news, peloton co-founder john foley is leaving the company. they announced after market close monday, the chief legal officer, who is also a cofounder, is leaving and he will be replaced by an uber executive tovar -- to become the chief legal officer.

innovation, money, and power collide, in silicon valley and beyond, this is "bloomberg technology" with emily chang in san francisco. ♪ emily: i am emily chang, and this is "bloomberg technology." coming up in the next hour, tiktok is under fire over a challenge that involves cooking chicken with nyquil. we will have the details understand that led to a warning from the fda. plus, looking for the next big thing after posing $300 million in new funding. i will talk to them about the next move. first bloomberg, the outgoing ceo jesse powell talks about why he is stepping down. also what he thinks about jp morgan ceo jamie dimon: crypto tokens "decentralized ponzi schemes." first i want to get a look at the markets. all about the fed, the central bank raised rates 75 basis points. stocks including tech and most major digital currencies swung between gains and losses. learning as to break it down is ed ludlow in new york. ed: it was a roller coaster afternoon. 75-basis point hike as expected. the surprise and the more hawkish element in the afternoon was the forecast on where rates go. 4.3% by the end

i am emily chang in san francisco.loomberg. ♪ millions have made the switch from the big three to the best kept secret in wireless: xfinity mobile. that means millions are saving hundreds a year with the fastest mobile service. and now, introducing, the best price for two lines of unlimited. just $30 per line. there are millions of happy campers out there. and this is the perfect time to join them... add a line to your existing plan, or see for yourself how easy it is to save by talking to our helpful switch squad at your local xfinity store today.

with emily chang. emily: this is "bloomberg technology." juul ordered to pay to settle a probe over marketing. the company faces hundreds of lawsuits. plus, the rise of the creator economy. we will take a deep dive and how youtube reigns supreme as the platform of choice, tiktok is catching up. it is back. nfl starts thursday, more sports betting. our conversation with the ceo and what to expect as we kick off. all of that in a moment. let's get a look at the markets, tech leading declines as markets fear a more hawkish fed. ed ludlow is back in san francisco with the latest. welcome back. ed: painful weaken the market. stocks in the red, tech underperforming, a familiar story. u.s. services stronger than reinforcing the idea the economy can withstand higher rates. the nasdaq down 7/10 of 1%, underperformance in semiconductors. selloff in the bond market. it follows three straight weeks of decline on the nasdaq 100. there is a feeling we will continue to see declines, especially when you take into account earnings revisions. simply put, we

>> from the heart of where innovation and -- collide, this is "bloomberg technology" with emily chang. emily: coming up in the neck hour, -- next hour, juul order to pay almost $440 million and eight lawsuit settlement. plus, the rise in the reader economy take a deep dive into the economy and how youtube reigns supreme. tiktok is catching up. and, it is back. and about season starts on thursday, which means more sports betting. what to expect as we kick off this week's sports tech theories. first, let's get a look at markets bloomberg's ed ludlow is back. >> a few painful weeks in the market. stocks underperforming becoming a familiar story u.s. data on wednesday, stronger than expected about reinforcing the idea that they can withstand higher rates. down 7/10 of 1%. a selloff in the bond market, the highest level. that follows straight weeks of decline on the not feeling that we will continue to see decline, especially when you take into account, earnings revision period simply put, downgrades earnings, estimates outnumbering ,. of the year when is -- estimates outnumbering a period

this is bloomberg technology with emily chang. ♪ emily: this is bloomberg technology.oming up, twitter is finally about to launch that edit button. to edit or not to edit has been one of the longest-running debates in twitter history. we discussed how the timing could affect its tussle with elon musk. millions of students across the country are using free edge tech tools. but all of that data is at risk. we will chat with the attorney general of mexico who is taking on google over student privacy. do you have crypto in your retirement account? we talk to the head of the federal retirement board that oversees $800 billion in assets. we will get all of that, but u.s. stocks ending higher just today before the u.s. jobs report. emily? >> talk about a late day rally. s&p 500 managing to finish up about 0.3%. today if you zoom out to the one week look at the u.s. equity markets, we are deeply in the red. i am taking a look at what week s&p 500 down over 5%. also, tech stocks. the nasdaq 100 falling over 6% on the weekends of philadelphia semiconductor index falling. it fell

innovation, money, and power collide in silicon valley and beyond, this is bloomberg technology with emily chang. emily: i am emily chang in san francisco, and this is bloomberg technology. coming up robinhood is launching an index of its funds are traded on its web forms. will that drive retail investors to it? we are going to ask a top robinhood executive. nba champion about what he is taking from the court to venture capital. my conversation with the star about everything intact to an fts and sports betting. we all know about -- but what about mood boards? we are talking to our guest about the future of nft's. i went to get a look at markets and tech driving a strong end to the week in equity stocks, also a big pop for bitcoin. care to break it all down, ed ludlow. >> happy friday, real risk on sentiment to end the week, you look at the nasdaq having its best take a month up 2%. one of the riskier corners of the market, meme stocks, tech, a coin buying into that as well, a big jump from around $19,000 to $21,000 in a single session. that is the what. the why is harder to understand. we notche

that could change in the future, but they want to start with a small group of people and it makes sense to start with the most diehard twitter users. emilyis this going to change the nature of twitter? the dynamic of twitter? >> i am waiting for when it first rolls out to have that moment, that first week when people are playing jokes and someone is inevitably going to send one version of a tweet, then change at 29 minutes later to something offensive and everyone is going to look silly. i wonder in the long term if that is going to die down. maybe we will have that for a week or two. that 30 minute timer really isn't that long. it is long enough to fix the typo, to change a link. in the case of breaking news, it could be a big deal. but for most stuff on twitter, it is probably not going to have a dramatic effect. we are heading into an election. this is a weird time to want to try edited tweets. all we are doing is asking for someone to come forward and say something about election results were voting, that goes viral and suddenly we are going, why are we doing this? emily: does this make it harder to moderate misinformation and disinf

in silicon valley and beyond, this is bloomberg technology with emily chang. click this is bloomberg technology. coming, bloomberg's conversations with the microsoft ceo. this is about monitoring productivity and why they are so confident about activision blizzard. we have more about whether his gumby will desktop it will play in the global warming battle. >> the good news is i think we are on set together for the first time ever. that is huge. that hangover from the fed continues on wednesday. you can see it in the nasdaq 100. it is flowing over 1%. they are also taking a beat -- beating, underperforming. let's look at the market that really took it on the chin. they are down almost 5% there. you are looking at the two-year year treasury yields right there. raising another seven basis points. if you look at the two year yield first the stocks, and will be against the s&p 500. for a while, these two arising together. that treasury yield continues. you can start to see that reevaluation going on in the broader stock market. let's talk about some of these specif

in . ♪ >> i am at ludlow in new york in for emily chang this is "bloomberg technology," comingf the next hour tech continues to follow the nasdaq 100 falls for the fifth day. the strong dollar grows. amazon goes after deal hungry shoppers as -- the e-commerce giant will hold a second crime day -- prime day sale this october in the fight back against inflation. is a bird or a plane? is your delivery coming from the sky. we talked them about the latest play to win over regulators. tech continues to get -- as part of a broad market selloff, a sharp move in the pound, despite some megacap's closing in the green, investors remain subdued in the face of global monetary pod -- policy tightening. joining me, monday volatility, manus, where is the pain? >> it was an ugly day, a sell everything kind of market, the center of that was the bond market. let's talk about the 10 year treasury yields soared 24 basis points, is daintily close to a 4% handle. we have not seen that sense -- dangerously close to a 4% handle. we have not seen it since 2009. the u.s. bond market after the bank of eng

emily chang, bloomberg cupertino. francine: we speak to the goldman sachs economist jari stehn.lar strength putting pressure on asian policymakers to step up efforts to curtail currency weakness. this is bloomberg. ♪ an xfinity rewards special offer. xfinity customers join xfinity rewards and get an early access code to play the open beta. early access begins september 16th, first on playstation. visit xfinity.com/rewards. francine: welcome back to the open, 30 minutes into the european trading day. show time. the brink of a jumbo 75 basis point hike as recession risks arise. eu leaders are readying emergency energy measures. lael brainard joins a chorus of fed is -- speakers vowing to do whatever it takes to fight inflation. liz truss lays out her plan to tackle soaring gas prices today. european stoxx gaining .3%, investors preparing for unprecedented old monetary policy tightening by the ecb. the question is, is it 75 or 50, we will have a conversation with jari stehn of goldman sachs. the dollar erasing losses after japanese officials arranged a meeting to discuss internatio

emily chang has more. emily: i'm coming to you from apple headquarters in cupertino.le unveiling new products, iphones, watches, airpods. the biggest surprise is how much it costs. despite record inflation, apple is not raising prices on its new phone, so you can buy an iphone 14 for the same prices and iphone 13 last year, but there are technological upgrades, faster, longer battery life, better camera technology, also satellite capabilities, meaning you can send an emergency sos from wherever you are in the world even if you don't have service. they unveiled a new apple watch ultra, geared towards outdoor enthusiasts. they call it your own personal computer. also undercutting garmin by a few hundred dollars at the higher end. we have an upgrade to airpods. the first in two years. the big question is will consumers buy these new products. they are already under pressure facing higher prices. everything from gas to groceries, so everyone will be watching to see how big is apple great cycle will be. david: ok. there we go. some of the apple suppliers training in the re

ed: i'm ed ludlow in new york, in for emily chang. in the next hour, a report about apple plans to scale back iphone releases. stocks down. the company plans to build phones, but extra demand never materialized. plus, amazon devices get a facelift. the company unveiled a bedside sleep tracker as well as updated kindle and ring cameras. we talk with the senior vp of devices. in the latest announcement about a conference partnership with robinhood. let's look at the markets. an equity market rally after yields pullback wednesday. >> finally some green on the screen for the u.s. equity market. this is all coming after the market breathed a sigh of relief after the bank of england intervened in the u.k. bond market. we saw those effects across global financial assets. the s&p 500 up about 2% and the nasdaq 100 right in line. yields were falling -- 3.7% on the 10 year, about 4.1% on the two-year. those were levels we saw just a few days ago. tighter monetary policy, a more aggressive fed, higher bond yields. looking at individual movers in

in san francisco. ♪ >> i am at ludlow in new york in for emily chang this is bloomberg technologycoming up in the next hour a major selloff hits the market nearing between 22 lows. -- 2022 lows. apple is jumping into the sports industry, to tonight potentially historic major league baseball broadcast, how the company is eating away at traditional tv's most coveted asset. nasa is to launch a mission to the moon next week. we will get to that in a moment, first let's talk markets, friday was rough. a selloff in risky assets, deepen fears as a global recession intensified, tech was not spared with the nasdaq 100 falling to its worst level since june of the s&p 500 touching to your lows and -- touching 2 year lows. joining me is who else but the birds casey. -- bloomberg's casey. how are you? >> tired. >> there is a fed meeting on wednesday, they raise the basis point by certified basis points, they show a 4.6% rate further out in 2023. the terminal rate. why did markets recollect this? >> -- react like this? >> chair powell said it would cause pain for the economy and the market. tod

let's get the details with bloomberg technology editor emily chang.ow sustainable is it for apple to keep prices low as inflation rages across the world? emily: apple is making a bet that if they keep prices low more people will upgrade. it is pretty significant that you can buy a new iphone 14 for the same price you bought in iphone 13 last year. the question is, are consumers going to do it when they are already paying more for gas and groceries? when you look at the new iphones, perhaps the most significant development when it comes to the iphone 14 is new satellite capabilities. that means you can send an sos in an emergency situation even if you do not have service. that is a significant technological upgrade when you are looking at a faster chip, better camera and video technology. it will definitely be interesting to see what consumers pay for when, as you say, inflation for everything else is at a record. shery: bloomberg technology anger emily chang with the latest from apple. over to vonnie quinn with the first word headlines. vonnie: the ch

emily: i am emily chang in san francisco and this is bloomberg technology.executives on the hot seat in capitol hill. current and former employees from youtube, meta and tiktok, asked questions about privacy and misinformation. the question remains how do regulators get ahead of a rapidly evolving social media landscape? you have more on that in a moment. plus the ethereum merges closing in. what does it mean for the blockchain and crypto landscape at large? that, later this hour. the trial of travel mitten, is heating up with a former contract turning whistleblower telling the jury he made 600 thousand dollars by contributing information to the shorter word that heard milton's downfall. first i want to get a look at the market, tech stocks rebounding, outperforming the broader market coming a day after the biggest selloff in more than a two years. hotter than expected inflation data makes next week's fed meeting that much more consequential. ed, i have released today. ed: it was a bit of tug of war in the market today. everyone is trying to make sense of wh

. ♪ ed: i'm ed ludlow in new york, claim in for emily chang.his is bloomberg technology. coming up in the next hour, a lack of trust from u.s. lawmakers could alter tiktok's operations and its biggest market. the worry is the parent company bytdance's relationship with the chinese government. they're working with tiktok on a security deal, the negotiations have stalled. kathy wood's new venture fund targets liquid assets, our first foray into private investments. and gives the retail traders venture capital market access. we ask about the strategy. bitcoin joins me to discuss his push to make bitcoin the currency across border transaction. first let's get a look at the market. volatility persists and rate worries continues. joining me is emily from bloomberg. >> what a volatile day in the u.s. equity market. the s&p 500 finished the day lower. it the lowest 60 day of losses for that u.s. equity benchmark. what i am looking at is the nasdaq. we saw bit of outperformance there in that tech heavy index, finishing .2%. it was led by gains in the me

this is bloomberg technology with emily chang. ♪ emily: this is bloomberg technology.ing up, tiktok under fire over a challenge that involves cooking chicken with nyquil. we have details on the stunt that led to a warning from the fda. plus, leonard hippeau is looking for the next biggest thing. after creating new funding, i talked to him about the next move. outgoing ceo -- talks about why he is stepping down. also, what he thinks about jamie dimon calling crypto tokens decentralized ponzi schemes. first, the markets. it is all about the fed, as expected. the central bank raised rates 75 basis points. stocks, including tech and most major digital currencies swung between gains and losses. joining us to break it all down, ed ludlow. adco it was a roller coaster. we got the 75 basis point hike as expected. the surprise, the more hawkish element of the afternoon, was the forecast from officials on where rates go from here 4.6% in the terminal rate into 2023. the market laying up with the fed is prepared to do in terms of fighting inflation and giving the economy some pai

i'm emily chang in san francisco.oomberg. ♪ when people come, they say they've tried lots of diets, nothing's worked or they've lost the same 10, 20, 50 pounds over and over again. they need a real solution. i've always fought with 5-10 pounds all the time. eating all these different things and nothing's ever working. i've done the diets, all the diets. before golo, i was barely eating but the weight wasn't going anywhere. the secret to losing weight and keeping it off is managing insulin and glucose. golo takes a systematic approach to eating that focuses on optimizing insulin levels. we tackle the cause of weight gain, not just the symptom. when you have good metabolic health, weight loss is easy. i always thought it would be so difficult to lose weight, but with golo, it wasn't. the weight just fell off. i have people come up to me all the time and ask me, "does it really work?" and all i have to say is, "here i am. it works." my advice for everyone is to go with golo. it will release your fat and it will release y

announcer: from silicon valley and beyond, this is bloomberg technology with emily chang. ♪ emily: thiss bloomberg technology. coming up, a glimpse into the future of entertainment. netflix versus disney. house of dragons versus lord of the rings. all of it versus tiktok. who wins? i speak with former tiktok ceo and top disney executive kevin meyer. learning in the metaverse. our ed tech series continues talking about the future of virtual learning. lawyers for elizabeth holmes fail in a longshot attempt to get her fraud convictions thrown out. we hear from our own joe rosenblatt who is in the -- who was in the courtroom. all of that in a moment. stocks ending another week down on the back of a jobs report that showed people are going back to work. that means the fed will likely set -- stay on a hawkish course. sonali basak is here to break it down. sonali: happy friday. you have the s&p down more than 1%. on the back of that expectation of a hawkish fed. it did try to scrape higher in the day, ending lower. the nasdaq 100 ending more than 1.4% lower on the day. you are seeing the s&p 5

this is bloomberg technology with emily chang. ♪

the heart over innovation, money and power collide, and beyond, this is bloomberg technology with emily chang

the other main event, apple supposedly the biggest event of the year joining us to preview his emily chang apple headquarters. what are we looking at? >> we are expecting a few new iphones and a couple of standard models with some improvements potentially more significant improvements than we saw last year that might catalyze a big cycle of upgrades. were looking out for new apple watch. they believe will be called the apple watch and provide more screen space and more geared towards rugged athletes if your mountain biking or marathoning maybe you want a lot that can do more. in terms of the question is are they going to be dealing with these expensive devices in a downturn. that is the question. guy: at the same time i'm sure apple is facing its own margin squeeze as well. i think that's different to everywhere else but nevertheless their costs are going up. how will we price these things in that kind of squeeze? >> so we are expecting tiered pricing as expected. for the watch we are thinking 900 to $1000. it would be priced lower than the garment. the idea is you have something for almos

changed. to still view it through the ico lense i think is a mistake. emilyat do you have to say to the skeptics out there? and do not see where this is going? katie: do not judge the current state of innovation. i am friends with a lot of these skeptics. i do not want to only live in a crypto bubble. when am i going to use it, what will i use it for? one of the things is not appreciated is how quickly the infrastructure is catching up, and once you have really scalable blockchain's that can handle pharaoh put in dark -- thorough put -- whether we like it or not, that is the future. those who have kids know kids spend more time online. they went digital things, and to dismiss it is a bit generational. not always, but it is generational. you talk to kids about having money online, they get it. emily: take us to the end state? do google and facebook and amazon and apple still exist? katie: i think they will still exist. for decades, those companies will still be around. i think this new ecosystem is going to represent a challenge to them. i do think those entit

innovation, money and power collide from silicon valley and beyond, this is bloomberg technology emily chang. ♪ >> this is bloomberg technology. in the next hour, mark zuckerberg warrants meta employees that restructuring is on the horizon. the company implementing a hiring freeze and will shrink teams to shift energy to other areas. we will share more of the transcript obtained by bloomberg. apple gets downgraded following bloomberg's report about iphone production. now we are learning of a high-profile executive leaving the company after a crude tiktok went viral. the s&p 500 drops to a 22 month low as the fed hocks circle. straight to the markets with katie greifeld. katie: it was a cell or rib kind of day. the rally we saw yesterday? forget about it. s&p 500 down by more than 2%. a cascade of bad news. nasdaq off by even more. your big underperformer was philadelphia semiconductor's, all 3.3%. all of us coming against a backdrop of higher treasury yields. apple falling after one of the most senior executives at the company left after that crude tiktok. the bulk of those losses came after

. >> ceo of microsoft and the linkedin ceo in an interview with bloomberg technology's emily chang.ch the full interview here on bloomberg coming up at 5:00 p.m. in new york. let's talk about where we are as we are as we approach the end of the day with some of these markets. central banks front and center. absolutely front and center. bank of england 50 basis points today. a confusing mix in terms of the voting there. the pound initially up, flat now. the swiss franc may be the market was looking for 100 basis points. european stocks today. former boe rate setter will join us. this is bloomberg. ♪ ve lwith golo22 pounds in six months and i've kept it off for over a year. i was skeptical about golo in the beginning because i've tried so many different types of diet products before. i've tried detox, i've tried teas, i've tried all different types of pills, so i was skeptical about anything working because it never did. but look what golo has done. look what it has done. i'm in a size 4 pair of pants. go golo. (soft music) guy: thursday the 22nd of september. european stocks are soft

. ™ >> bloomberg technology with emily chang, weekdays at 5:00 p.m. in new york.y: look at that. bright red across europe. we've all ready seen a negative week. today is icing on the cake. the ftse is in certain directions because of these. in milan it, we're down by 3.4%. the dax is down by 2.4%. it is an ugly session to finish and ugly week here in europe. other assets are clearly on the move, some negative moves to be seen here in the u.k.. the five year is up nearly 50 basis points. it is an ugly reaction to the many budget. -- mini budget. the pound is trailing. the euro dollar is down by 1.12%. it's been a big week for all of these assets. the end of the week because deliver the final blow. let me show you what is happening through the week. we've been heading in one direction over the last couple of days. it started with relative stability. we are down to the lows of the year. we are trading 390 on the stoxx 600. during the pandemic, these are the lows for the year. we have retaken them in your. over the last five days, here's an idea what the rotation does