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let's bring in ed ludlow who has been tracking all of this. maybe we start with the lucid story where you have this trust me messaging from the company on ev production numbers for the year but the bigger question of can this truly be a competitor to the likes of tesla which was the big hope. ed: exactly so, the shares are up and you wonder how much of that is a relief rally type response. the commentary from the ceo is that they will build more than 10,000 electric vehicle units this year but remember, that's at the bottom of the previously guided range, 10-14,000 range and even then they previously said they were guiding to the lower end of that range so it's a low bar. there is a sense of relief. this is a company that is losing more than $500,000 per vehicle than it builds. the story would lose it has been one of them talking about superior factory technology, the energy dense -- density of the packs being higher and higher performance and efficiency. they've not been able to achieve scale where the financials make sense and they can have

sonali: and i am ed ludlow --ed: and caroline: caroline: i'm ed ludlow in san francisco.e boon you -- we bring you the biggest takeaways ed: from earnings. ed:plus, analysts sour on growth caroline: for the company. caroline:activision deal getting done finally. submitting a new bid to the cma in the u.k. we find ourselves in a macroenvironment. tech has continued to outperform other benchmarks, even in the face of rising yields once again. we are seeing the nasdaq up just 0.25%. canines, all eyes on nvidia as we head toward the closing bell. the 2-year yield, a bit of calmness in the bond market. all eyes not only on earnings coming this week, but jay powell come friday and what he says about the future of borrowing costs in the u.s. interesting volatility in china's trading. we saw a pickup in buying. i am looking at the crane shares. basically some key internet names traded here in the u.s. holding on by about 0.1%. what is the key risk in this? we are seeing crypto and bitcoin under continued pressure at about $26,000 thereabouts. what have you got on the micro? ed: i

-- his bloomberg technology cohost ed ludlow.hen the story broke last night, the immediate question was how. i spoke to x and they told me this is only applicable to premium users. those that pay the subscription and what they will offer you the chance to do is submit a government issued id with a selfie. that will be used to two stage verification but it is from the government issued id where the biometric data will be extracted from along with the selfie, a scan of that image for matching purchase and argument is -- and argument is this authenticated you as a real human being and one of the benefits that has is that it will push back and fight against impersonation and i don't know about you. there are few want to be ed ludlows on the platform. some of them have more followers than i do. [laughter] dani: i think i had one on instagram and i don't know why because i have no followers on instagram. didn't facebook, or facebook still does something similar to this? ed: facebook used to have a facial radvision software on the faceb

caroline: -- ed: i'm ed ludlow in san francisco. caroline is off. these capital spending and production costs lower-than-expected. we will bring you all of the details.

sonali: and i am ed ludlow --ed: and caroline: caroline: i'm ed ludlow in san francisco. biggest takeaways ed: from earnings. ed:plus, analysts sour on growth caroline: for the company. caroline:activision deal getting done finally. submitting a new bid

coming up caroline hyde and ed ludlow.avalara, we can calculate sales tax automatically. avalarahhhhhh what if tax rates change? ahhhhhh filing sales tax returns? ahhhhhh business license guidance? ahhhhhh -cross-border sales? -ahhhhhh -item classification? -ahhhhhh does it connect with acc...? ahhhhhh ahhhhhh ahhhhhh so... i know you and george were struggling with the possibility of having to move.hh how's that going? we found a way to make bathing safer with a kohler walk-in bath. a kohler walk-in bath provides a secure, spa-like bathing experience in the comfort of your own home. a kohler walk-in bath has one of the lowest step-ins of any walk-in bath for easy entry and exit. it features textured surfaces, convenient handrails for more stability, and a wide door for easier mobility. kohler® walk-in baths include two hydrotherapies— whirlpool jets and our patented bubblemassage™ to help soothe sore muscles in your feet, legs, and back. a kohler-certified installer will install everything quickly and conveniently in as l

ed: i am ed ludlow in san francisco. this is "bloomberg technology." caroline: shares of peloton plunge after issuing a disappointing forecast. ed: we push earnings out after the bell from nvidia. does the ai rally have staying power? caroline: speaking of semiconductors, we are looking at huawei building a secret network of chip fabrication across china. we will bring you the why. let's check in on these markets, because even though we have anxiety it feels like a short squeeze in the bond market is lifting text stocks higher, 1.6% . the nasdaq on the upside. there's much help on the earnings to come even though some that we are about to dive into a looking -- into our looking ugly. we are seeing it across the entire curve, across the entire world. you are seeing bond buying in the u.k., europe, and the u.s. some technical elements at play. some ugly data when you are looking at the pmi data suddenly slowing in europe and seen weakness in the u.s. maybe bad news is good news on the day. we are seeing the golden dragon nasdaq buying in chinese names ev

ed ludlow in san francisco.back to the earnings story, these are the two names that we are watching. both moving to the upside. both ceos joining us now. the infrastructure software company out with second-quarter results that beat expectations. they will start raising its for your forecast. joining us is the ceo and cofounder. let's start with the guidance. the latest raise being 12% to 14%. what gave you the confidence to do that, and could you have gone higher? >> there is demand for security solutions. we are seeing strong demand for our market-leading solutions to stop ransomware and data exfiltration in the micro segmentation area. that has led to increased confidence to how the security product group will do this year. we are thrilled to see we are back in two but digit earnings growth now. it was a very nice place to be. ed: the number of analysts noting that you have outperformed for a few quarters now, but particularly the securities story is gaining momentum. what is the motivation for customers to sp

ed: imf the low in san francisco -- i am ed ludlow in san francisco. caroline: data breaks raising funds out of $43 billion valuation while is to call -- while instacart file for its ipo. dani: -- ed: apple revamping its ipad pro. caroline: spacex's dragon successively -- this actually docked at the international space station. -- spacex's dragon successively docked at the international space station. we are down 4% today, -- low volumes at the moment and the two year yield stabilizing and we are down one basis point but about the 5% point level and how far we have run out in terms of borrowing costs. all eyes on which china is trying to do to stoke its economy and it managed to fizzle out in terms of chinese trading. we are seeing that pullover i missed some chinese names trading in the u.s. but it is fallen off hard -- it has fallen apart. the nasa golden dragon up two percentage points -- the chinese golden dragon up two percentage points. we have come down 11% from the 30, 29,000 level and we are in range bound, 26,000 seems to be the moment as we

coming up, caroline hyde and ed ludlow.mberg. ♪ i may be known for my legendary football career, but truth is, i love a bunch of sports. the only trouble is knowing where to find them. that's why i got xfinity. so, i can easily find and watch whatever sport i'm into all in one place without missing a thing. even if it's football, australian football, or football football. in a word—it's fitz-credible. i got to trademark that one. this season, eligible xfinity rewards members can get up to $100 off nfl sunday ticket from youtube. sign up for xfinity rewards now. hi, i'm jason and i've lost 202 pounds on golo. so the first time i ever seen a golo advertisement, i said, "yeah, whatever. there's no way this works like this." and threw it to the side. a couple weeks later, i seen it again after getting not so pleasant news from my physician. i was 424 pounds, and my doctor was recommending weight loss surgery. to avoid the surgery, i had to make a change. so i decided to go with golo and it's changed my life. when i first starte

coming up, rachel gerring joins caroline hyde and ed ludlow.azing thing when you show generosity of spirit to someone. and you want people to be saved and to have a better life, then you don't stop. the idea that we have saved five million people's lives, it's overwhelming. it's everything. i may be known for my legendary football career, but truth is, i love a bunch of sports. the only trouble is knowing where to find them. that's why i got xfinity. so, i can easily find and watch whatever sport i'm into all in one place without missing a thing. even if it's football, australian football, or football football. in a word—it's fitz-credible. i got to trademark that one. this season, eligible xfinity rewards members can get up to $100 off nfl sunday ticket from youtube. sign up for xfinity rewards now. hi, i'm katie, i've lost 110 pounds on golo in just over a year. golo is different than other programs i had been on because i was specifically looking for something that helped with insulin resistance. i had had conversations with my physician ind

and i'm ed ludlow. this is bloomberg technology.g up, we get the read on the state of the e-commerce consumer. we break down the walmart. strong online growth. plus, the largest maker of computer networking equipment making headway in ai. and in security technology grid we break down cisco's results. meanwhile,

thank you ed ludlow you can catch him on bloomberg technology in around 90 minutes time. first were coming up on bloomberg markets. stick with us. this is bloomberg. ♪ 76% of 23andme health customers surveyed reported taking healthier actions. because they know health isn't just a future state. health happens now. start your dna-powered health journey today with personalized insights from 23andme. you don't have to worry about things like changing tax rates or filing returns. avalarahhh (jennifer) the reason why golo customers have such long term success ahhh is because we focus on real foods in the right balance avalarahhh so you get the results you want. when i tell people how easy it was for me to lose weight on golo, they don't believe me. they don't believe i can eat real food and lose this much weight. the release supplement makes losing weight easy. release sets you up for successful weight loss because it supports your blood sugar levels between meals so you aren't hungry or fatigued. after i started taking release, the weight just started falling off. since start

this is "bloomberg technology" with caroline hyde and ed ludlow. ed: i am ed ludlow in san francisco. caroline hyde is off. this is "bloomberg technology." coming up, for earnings coverage as we wrap results from pinterest and push ahead to qualcomm. we wrap chipmakers from amd, look at softbank's ipo eying evaluation of more than $60 billion. plus a deep dive into the world of crypto and we speak to the ceo of the scanning cryptocurrency project world coin. nasdaq 100, very tech heavy index, add session lows, down more than 2%. we had hot labor market data, the treasure issuing debt, that is weighing on things and earnings story at the center, you think about semiconductors in particular, the stoxx or philadelphia index underperforming, down 4%, double the decline of index, the biggest drag amd. we will get to that in the second. u.s. 10 year yield above 4% and bitcoin moving back above 29 thousand u.s. dollars, the token we will focus on crypto halfway through the show with sonali basak. the earning story, two names in particular, to start with a

and i'm ed ludlow. this is bloomberg technology. coming up, we get the read on the state of the e-commerce consumer. we break down the walmart. strong online growth. plus, the largest maker of computer networking equipment making headway in ai. and in security technology grid we break down cisco's results. meanwhile, raising $20 billion of market value in one day alone after posting the slowest revenue growth since the europeans payment shines ipo. we will bring the details, but were talking about an erosion grid once again, sentiment on the downside on the nasdaq. these aren't enormous moves. but the volume a low will see some nervousness around what is happening in the bond market. significant selloff. a rate at which we are inclining and yield spread we are seeing another six basis points added on the tenure. this will come thick and fast. u.k. yields are upper us -- across the world. a movement to bonds that will see interest rates continuing to have to remain at a sustained high level. interesting that we got a reprieve in chin

ed: i'm ed ludlow. nasdaq 100 it's the favorite go to tech index.rforming, a .6%, rising for a fourth straight session. the first time we've had four straight days of gains since mid july. we talked about the gdp figure, came in at and analyzed pace, below what the government had steered us towards. getting support for equity markets, one name is outperforming on the mega cap side, apple up 1.8 percent. we know the story, i know what i'm doing in a couple weeks time. this one is exciting. caroline: it was towing four hours ago you got the invite, the wanderlust. i wonder what that means. that is what apple is calling its next event. where the company will unveil the iphone 15 live, the next generations smart watches, and mark gurman also -- always knows the news ahead of time. wanderlust, what you think they are hinting out there? mark: i don't necessarily think the name of the event, wanderlust, is hinting at much but if you look at the apple logo, in the invitation, the colors in there will be the colors of the next-generation pro phones. there wi

ed: i am ed ludlow. let's get to talking tech.s a corporate version of chatgpt with privacy safeguards and added features like longer text prompts. this in an effort to make money from its well-known chatbot. google is adding ai tools from companies like meta and anthropic to its cloud platform. weaving more generative ai into its products and positioning itself as a one-stop shop for cloud customers seeking to tap into the technology. placenta majority chuck schumer -- leader chuck schumer plans to bring several tech chiefs to bring in the ramifications of ai including tesla ceo, metas ceo, the ceos of google, microsoft, and many others. this will be the first of his ai insight forums aimed at giving congress more influence over the future of ai. caroline: a cage match. let's stick with ai. changing the game of basically everything but particularly your wealth management let's talk about it with the founder and ceo of father, a startup focused on utilizing cutting edge technology to advance wealth management and particularly the

ed: ed ludlow here in san francisco, caroline hyde is off today. this is "bloomberg technology." coming up, for earnings coverage as uber reports acer far -- surprise operating profit but misses a revenue estimate. we sit down with the ceo. plus we look a competition in social media as elon musk's x tries to become an everything out. we discuss with the ceo and get a read on private markets an venture capital with our venture spotlight. a quick check on the markets, this is the technology corners of your equity markets, 100, soft abide, 210%. we are treading water when it comes to the tech sector. 2% gain on the nasdaq 100, last week week earnings driving the narrative, underperformance in the u.s. listed shares of chinese technology names, the nasdaq golden dragon index down 1.7% as we continue to gauge what is going on in the chinese economy. particularly from the regulatory standpoint and chinese a government attitude towards some chinese tech players. and again bitcoin now below 29,000 u.s. dollars, traded for the last 10 days or so in this narrow range between 20 9000, 20 95

let's get more from ed ludlow. the expectations were pretty high, which is why a lot of people were concerned that nvidia would not be able to match them. >> the results are so stunning. the story was demand for ai relevant chips. data sales that more than $10.3 billion. the estimate was just below $8 billion. sales of up to $16 billion, way above the average analyst estimate which was $12.5 billion. the ai story will continue to have momentum. the cfo called the tremendous and broad-based ai demand. there were so many questions. can you quantified your confidence? how do you know the hike will keep spending? there is a trillion dollars in data center capacity globally, but only a fraction have committed to cap exit the stage to invest in it. >> one of the reasons investors love nvidia so much is because it outsources the actual production. does that mean there is supply flexibility concerns? >> the supply picture is a very interesting one. the narrative is that supply will improve every quarter and suppliers have

ed: i am ed ludlow in san francisco. caroline hyde is off today and this is uber technology.l earnings covers ahead as apple loses its 3 trillion market cap around amid tepid demand for iphone. amazon seeing strong revenue growth even as the e-commerce giant rains in the spending under ceo andy jassy and nicola replacing its ceo

as silicon valley and beyond, this is bloomberg technology with caroline hyde and ed logo -- ed ludlow. ♪ ed: caroline hyde is off today, this is bloomberg technology. stability ai breakout success faces threats. consecutive executive departures. we will bring you the reporting. full coverage of reported earnings from pelletier and we will have an exclusive conversation with spotify se integrate ai technology into its product. let's get straight to our top stories. stability ai is confronting executive departures, struggling to raise funds and an accusation it has not paid its bill in time. after breakout success the start of faces mounting risks to its edge in the booming field of generative ai. the reporters who broke that story, they join me now. what were the main takeaways that we learned in the course of our reporting? rachel: we spent several months looking into the story and speaking to people including the person behind and accompany that came out of nowhere. has the ceo that tends to make loose guided comments about things that have not happened yet and the company seems diso

>> this is bloomberg technology with caroline hyde and ed ludlow. caroline: i'm caroline hyde in new york. ed: this is bloomberg technology. caroline: coming up, intel. we will break down the implications. ed: china tech firms report earnings -- amid an uncertain economy and we will break down the results and a look at why jd.com is bucking the slowdown. caroline: crypto 6 -- -- bitcoin custodian bitgo -- the cl will join us later to discuss how and why they did it. let's check in the markets and there is a slowdown on the border markets. the nasdaq is slowing down. when you look the best -- the nasdaq 100, we are seeing nervousness encapsulating the story in china, the macro implications of what that means for the u.s. and investor sentiment. the two-year yield dipping down. we are seeing 4.94 on the two-year. the pound, this is the inflation anxiety gripping through the u.s.. inflation is hot in the u.k. 6.9%. the pound is the outperformer when you look at the key core currencies. one key currency, bitcoin up 3/10 of a percent. the language at thi

it is somewhat centrally located in a state 12 miles north of ludlow. calvin was the fifth generation in the family to live in plymouth. his great great grandfather, captain john coolidge, served in the revolutionary army and later became one of the earliest settlers, the town. around 1780, the dutch sometimes referred to as an elevated area, surrounded hills and mountains full of natural beauty, with several streams. brooks running through it. there are a number of farms and open fields, but otherwise the area is largely forested with pines hardwoods. calvin's lived on a farm just down the road from the house where he was born. calvin's father, john coolidge, ran the general store in post office. family home was attached to the back of the store and was a modest. five room story and a half cottage. john coolidge, a well-regarded and respected member of the community and served in numerous ways over the years. calvin had admiration for his father in his many capabilities. calvin would later write in his autobiography he he trusted nearly everybody but l

ed ludlow joins us now. cool story mainly because a couple of space junkies from the caribbean got free tickets in a raffle. ed: this is one of the stories were it's like finally we got here. virgin galactic founded in 2004 and they were saying by 2007 they would be taking tourists into space. what today's mission was was the seventh time that virgin galactic its unique, its unique launch system has taken humans beyond 50 miles beyond the atmosphere. there is a debate over the official boundary of space. as you point out, it was the first commercial trip for tourist. one of the passengers is an 80-year-old former olympian with parkinson's. the other two are a mother-daughter duo who won the tickets in a charity draw. they are from the caribbean. it is a beautiful story, but it has taken a long time to get here. matt: i don't think it really matters the debate over is this not. you go out there and it's a cool trip, it's different than orbit, but still pretty awesome. will we see a lot more of this? ed: i was

this is bloomberg technology with caroline hyde and ed ludlow. i'm caroline hyde at bloomberg's world headquarters in new york. and i'm ed ludlow in san francisco. this is bloomberg technology. coming up, we'll discuss the outlook for china's tech sector. and as it's the biggest companies are preparing to report results, how will the slowing growth picture for china actually weigh on investor sentt

this is bloomberg technology with caroline hyde and ed ludlow. i'm caroline hyde at bloomberg's world headquarters in new york. and i'm ed ludlow in san francisco. this is bloomberg technology. coming up, we'll discuss the outlook for china's tech sector. and as it's the biggest companies are preparing to report results, how will the slowing growth picture for china actually weigh on investor sentiment? plus, we'll talk the state of electric vehicles as ev maker vinfast goes public via spac. we speak to the ceo about the deal and studio giants offer a new deal to striking writers in hollywood. we'll bring you the latest reporting on that matter. but first, we dig into these markets. we look at here in the us, strong economic data over in china, a slowing picture, and we try and marry it all together as well as what's happening in the uk. from a macro perspective perspective, the numbers are so strong here in the us. when you look at retail sales rising, more than expected, what does that mean for a federal reserve that has to keep on perhaps push

countries, brazil, russia, india, china, and south africa are keen for the block to reshape the western ludlow. border and expand is to you political influence. china leaders using pain. describe the expansion as historic and joining the current briggs of nations are argentina, egypt, the up. yeah. you're on saudi arabia and the united arab emirates. here's what indian prime minister and around remote he had to say about expanding the block. part of the expansion and more than is ation of breaks is an indication that all the institutions in the world must mold themselves to changing times. but those days, some 8, but it to be, i know this is an initiative that can be an example for reforms in the global institutions that was stablish in the 20th century. a miss on one second. all right, let's get some reactions here from our correspondence char required to gain daily into james, tutor in ty, page james, let me start with you china or presents 70 percent of the brakes. total d d p wide as state and party leaders. easy paying. welcome expanding the block, as well as if i'd already now susan ping

." >> i am at ludlow on a san francisco. caroline hyde is off today. an elon musk bid to make x an everything apple. they are changing policies to expand data collection. we will break down what has changed overnight. full earnings coverage ahead, we will break down results from salesforce, crouch strike, and okta. the ceo will join us. the race for the first bitcoin etf. who is going to win? we will discuss. matt hougan joins us to weigh in. to our top story and x planning to click to biometric data from users. how will they plan to use it? let's break it down. let's start with the new policy. what is x doing differently? >> if you look at their policy, they added this area about my metric data. we know it means things like fingerprints or iris scans. based on your consent to they will start collecting the data if you allow them. ed: there is also jobs data and education. you and i had this in question which is how do they collect this biometric data. i asked x and this is what they told us. basically two ways, you have the option to show them the gov

>> this is bloomberg technology with caroline hyde and ed ludlow. caroline: -- ed: i'm ed ludlow in san francisco. caroline is off. it is these capital spending and production costs lower-than-expected. we will bring you all of the details. president biden imposes limits on u.s. investments in china. alibaba returns to growth across all of the main divisions, defying china's economic turbulence. we will take a deeper look at the supreme court ruling in the epic case siding with apple, at least for now. the other big story was inflation, gaining 0.2% last month. the slowest pace of gains for two years. the market starts thinking about the fed and then says maybe the fed will skip a rate hike in the next meeting. why do we care about the fed? higher rates discount the valuations for future cash flows for names on the nasdaq 100. the main text -- the main tech index outperforming but we are basically treading water. the other big risk as it is bitcoin. we are the same level we have out for two weeks. the u.s. 10 year yield climbing back up. remember th

countries, brazil, russia, india, china, and south africa are keen for the block to reshape the western ludlow. border and expand is to you political influence, china and leadership, asian ping, described the expansion as historic and joining the current. briggs and nations are argentina, egypt, geo, po, iran, saudi arabia and the united arab emirates. here's what indian prime minister and the red remote he had to say about expanding the block part of the expansion and more than is ation of.

ed ludlow is off. this is bloomberg technology.rkets amid sapping sentiment. look at the outlook for the tech sector. plus, cry

ed: i am ed ludlow in san francisco. this is bloomberg technology. caroline: the pc slum continues.fit outlook. we will bring you the safe for consumer electronics. ed: has apple sets a

ed: i am ed ludlow in san francisco. caroline hyde is off today. full earnings coverage ahead.

catch ed low on -- ed ludlow on bloomberg technology in 90 minutes time.l talk about the data today, ppi in july and university of michigan, this is bloomberg. ♪ ahhh 76% of 23andme health customers surveyed taking heaactier ons. because they know health isn't just a future state. health happens now. start your dna-powered health journey today with personalized insights from 23andme. wow, you get to watch all your favorite stuff. it's to die for. and it's all right here. streaming was never this easy, you know. this is the way. you really went all out didn't you? um, it's called commitment. could you turn down the volume? here, you can try. get way more into what your into when you stream on the xfinity 10g network. kriti: we are an hour into the u.s. trading session. abigail doolittle is tracking. abigail: whether we will see a bullish reversal by the end of the day. the nasdaq sliding around -- ahead of the ppi print and on the ppi print and recovering quite a bit, at this point down .4%. this week, different story and one pressure on technology stocks h

ed ludlow covers ev's and he joins us to talk about this. it is mainly china, right?nday and then came out yesterday with much bigger price cuts on the higher-end models. ed: yeah, and it's tesla and elon musk being consistent. monday there was $1900 trim in the chinese market. , tuesday a new entry-level price for the model x in the u.s., and overnight, a 10,000 u.s. dollar cut to model x in china. you go back to july 19 for their earnings call, elon musk telegraph this could happen. they use the lever a price cuts to open a pockets of demand really well. it's just so interesting, the timing in the context of china's economy right now. for me, this is the data story, and tested being able to real-time judge demand of around the world. jon: what does that mean for the rest of the industry, which obviously has to keep pace with the likes of tesla? ed: what elon musk outlined his they feel dialed in on understanding what a consumer is willing to do. buying a car is a big consideration in any economy. the concern for the market -- you look at shares under pressure, down

ed ludlow in san francisco. more is coming up next.is bloomberg. ♪ it's an amazing thing when you show generosity of spirit to someone. and you want people to be saved and to have a better life, then you don't stop. the idea that we have saved five million people's lives, it's overwhelming. it's everything. alix: we are about an hour into the trading session. and we have a move in the bond market. stocks going nowhere. abigail: they are going nowhere, but one question would be will we see a bearish reversal? the s&p 500 slightly higher. the s&p 500 has been a little bit higher earlier. the 10 year yield continues to take the show at 4.3%. the vix is close to a 17 handle. the reason i'm highlighting the possibility of a bearish reversal we will already have it with the nasdaq 100. when we look at the futures we see a big decline. out of the asian session higher and higher now at this point down over 4%. and august is the worst month of the year from the nasdaq 100 down more than 6% at this point. s&p 500 down around 4%. the last time we

ed ludlow joining us. catch ed and caroline on bloomberg technology.lephant in the room is china. gina raimondo is in beijing trying to win of -- trying to mend a widening breach. amy celico joints me next. this is bloomberg. ♪ (car engine revs) (engine accelerating) (texting clicks) (tires squeal) (glass shattering) (loose gravel clanking) it's an amazing thing when you show generosity of spirit to someone. and you want people to be saved and to have a better life, then you don't stop. the idea that we have saved five million people's lives, it's overwhelming. it's everything. alix: we are about one hour into the u.s. trading session. stocks are higher but volume is light. abigail has the news. abigail: volume is light but look at the green on the screen. the s&p 500 up about .7%. i believe at session highs. up more than 1%. because the month of august has been challenging, the best day since the middle of july. a broad-based rally with check participating. small-cap stocks outperforming and the transports up 1.6%. it seems investors are ignoring what

coming up, the ceo of bitcoin will join bloomberg technology with caroline hyde and ed ludlow.ough wednesday. stay with us. this is bloomberg. (announcer) enough with the calorie counting, carb cutting, diet fatigue, and stress. just taking one golo release capsule with three balanced meals a day has been clinically proven to repair metabolism, optimize insulin levels, and balance the hormones that make weight loss easy. release works with your body, not against it, so you can put dieting behind you and go live your life. head to golo.com now to join the over 2 million people who have found the right way to lose weight and get healthier with golo. >> this is bloomberg technology with caroline hyde and ed ludlow. caroline: i'm caroline hyde in new york. ed: this is bloomberg technology. caroline: coming up, intel. we will break down the implications. ed:

ed ludlow has lots to talk about. yes, it's going to be amazon., it's going to be apple tomorrow. a big chunk of the tech landscape. we have a.m.d. today. why is the stock down? ed: i'm just looking at my screen, down 4.6% now. they said that the market opportunity for their a.i. offering which is an a.i. accelerator g.p. or gpsu hybrid is $150 billion by 2027. a.m.d. said in the course they have gone customer engagement grew 7-x. there is a sense engagement does not many tangible sales. it's still a future opportunity. and perhaps, you know, this is the second best performing stock on the philadelphia semiconductor year to date. in the core businesses there were signs of turn-around and progress but maybe we wanted to hear more about a.i. why are they not making money on it right now. alix: we already priced on these stocks, maybe the future of a.i., now you seed the actual tangible results to get the next pop, is that a narrative i should take away here? ed: it's an interesting idea. i am looking on the bloomberg. the stock is up 73% year to dat

ed ludlow is off. this is bloomberg technology. analysts call out a perfect storm in the markets amid sapping sentiment. look at the outlook for the tech sector. plus, crypto. applico -- liquidations as prices fall. we look at what is behind bitcoins volatile moves. gearing up to be the biggest ipo of the year. chipmaker arm is set to line up 28 banks for public offering. we will bring you the latest on the company and who else is arguing the ipo. it's been a volatile week for markets. abigail doolittle, you do it so well. abigail: we have had stocks all over the map. apple flipping to the upside, down earlier sharply, weighing on major indexes when they were down across the board more than .5%. at this point, apple is up slightly. we have heaviness on the market from other big tech names like nvidia, microsoft, and meta-platforms. nvidia will be reporting next week. will the stock that is up more than 190% on the week, will the results really deliver what investors are looking for relative to ai. the week is certainly risk off. st

ed ludlow talking to the ceo of uber in about 90 minutes. we are talking retail next.s is bloomberg. ♪ alix: as we wait for retail earnings to kick in we have a lot of consumer names reporting. it's good to be interesting couple of days for the consumer on the back of the data showing credit cards starting to tighten. the advisory group and chief research officer joins us now with what to expect. what will we learn this week about the consumer. dana: i think we will learn about the level of demand. everyone's focused on the consumer cautiousness regarding certainly when you look at durables and non-durables you are seeing the focus on services little bit more than goods. we know inventory levels of gotten bigger. we know consumers focused on value and the first time since early 2021, a great wage growth is rising above some of the inflationary levels so that's encouraging but i want to hear the exit rate of how sales are because it gives us an outlook holiday. given what we heard last week with some of the luxury goods companies the aspirational consumers are moderatin

ed: ed ludlow here in san francisco, caroline hyde is off today. this is "bloomberg technology."rprise operating profit but misses a revenue estimate. we sit down with the ceo. plus we look a competition in social media as elon musk's x tries to become an everything out. we discu

haidi: let's get more of those results from ed ludlow. let's start with apple, not immune to the broader slump in smartphone demand. ed: in the fiscal third quarter iphone sales softer than expected. it was the third consecutive quarter where open all revenue fell on a year-over-year basis. that has not happened since 2016. there is an interesting pocket in there. the month of june so records in markets like india. in greater china overall they have returned to growth from a period of basically declined there. and sequentially going into the fiscal fourth-quarter which is the period ending in september, they are expecting things to get better for the iphone worse for iphone -- ipad and mac. so it's a mixed picture. our colleague said he was expecting a boring quarter and he got a boring quarter so we should just all go home. but i think we got exactly the numbers that were forecast in many cases. this is apple not being able to escape the macro headwinds eating consumers all around the world. kathleen: services did better. tim cook emphas

ed: i am ed ludlow in san francisco. caroline hyde is off today and this is uber technology. full earnings covers ahead as apple loses its 3 trillion market cap around amid tepid demand for iphone. amazon seeing strong revenue growth even as the e-commerce giant rains in the spending under ceo andy jassy and nicola replacing its ceo of less than a year of running the electric truck maker. and why and -- and why a familiar face is taking the wheel. abba's on an amazon reporting -- apple and amazon reporting quarterly earnings, its market cap now below 3 trillion u.s. dollars. a lost that market cap around. the other end of the scale, amazon up 11% on an intraday basis on track for its biggest jump since november, a beat across the board. we will dive into the earnings of both companies but i want to start with apple because this is a really big change of sure. softness for iphone in the fiscal third quarter gone, over new rev -- overall revenue beat expectations but it fell 1% year-over-year. that makes it the third consecutive quarter that apple is seeing a year on year sales

this is "bloomberg technology" with caroline hyde and ed ludlow.in san francisco. caroline hyde is off. this is "bloomberg technology." coming up, for earnings coverage as we wrap results from pinterest and push ahead to qualcomm. we wrap chipmakers from amd, look at softbank's ipo eying evaluation of more than $60 billion. plus a deep dive into the world of

ed ludlow joins us, he covers the company closely. you heard what kathy told us, what you think about why is zach leaving and what do about the transition? ed: it was a surprise piece of news. a lot of investors we spoke to expressed surprise but point out 13 years as a long time any company, let alone working for elon musk. he became cfo in early 2019. when he was named the new cfo, there was a sharp reaction to the downside because he was in an unknown quantity, but he had been at tesla for a significant number of years before that in more junior finance roles in he has proved to be a capable cfo. it is important to note he gave notice august 4 but will remain with the company until the end of the year to aid with the transition, which has value in and of itself. we know less about the chief accounting officer, but has a similar background. a longtime finance executive with tesla. she is confident zach will have trained him and prepared him for the opportunity. matt: absolutely. in terms of what they have going on at tesla, there is