anand srinivasan joining us from bloomberg intelligence.oomberg radio and bloomberg television, simulcast of the space launch. so far very successful. we have just shown the reentry burn, which is an important moment. the first stage has been jettisoned and is working its way back to the atlantic to the drone ship. right now we have that key burn to get through the process of getting the satellite into orbit. satellites,tling which go into orbit. there ise statement is a huge overarching need to drive 5g and the internet forward, the connectedness of the world as well. on radio, it is simple. space, redgine in hot from the heat. remarkable to see the red-hot nature when you go back to mercury and you wonder about the invisibility, how we had to guess what was going on. now we see it with the new technology. it is beautiful. lisa, it is something i can never get over. every time there's a certain risk, manner unmanned. lisa: would you ever want to be an astronaut? tom: i used to sit in a cardboard box in the basement and you would fake you a

anand srinivasan joining us. was this inevitable? we are down 103 points on the sox. a sense of how strange valuations have become? anand: remember when we talk about nvidia, this is a company that half of the selloff today it is 125% for the year. we have to take that into context. forward p is at 58 times. one of the things we have been --ried about in semi's fundamentals are certainly improving for sure. inare turning the corner and some cases overcome the effect of the pandemic. it is the magnitude of the fundamental improvement versus the magnitude of the stock rally. those two seem to be at odds with each other. there is improvement given how fundamentals have been stable, even improving, but this magnitude of a rally this looking at a were pullback to come for sure. alix: why won't this be another by the dip -- buy the dip? anand: that is a great point. one of the points some of these names are great growth stories, nvidia and amd have a long runway, and we are positive on both companies in terms of their fundamentals. the video because it is expanding into new

thank you very much indeed, anand srinivasan.oming up, grocery demand remaining high -- people staying home and they are cooking there, but kroger is feeling profit pressure. we will speak to the ceo next. this is bloomberg. ♪ i am guy from london, johnson. kailey leinz is in new york. let's talk about groceries to the remain for groceries in maine strong. with people stuck at home, and restaurants operating at the minute capacity, kroger benefiting from the situation with sales rising in the last quarter. new pressure on profitability disappointed wall street. joining us now is the kroger ceo rodney mcmullen. nice to see you. thanks for taking time to join us today. i am curious as to what you are seeing -- you are in touch with the consumer. we have seen a tough year. a lot of people forced to stay at home. i am wondering what you are seen as we prepare for the autumn, fall, and into winter. what are you anticipating? case counts are climbing all around the world? . -- all around the world. rodney: i am proud of our associates

haidi: our bloomberg intelligence senior analyst anand srinivasan.e is weighing the sale of its u.s.-based building products unit for 2.5 billion dollars. firestone is part of bridgestone america and reported profits of 250 million dollars that is expected to attract interest from private equity firms and other companies involved in the roofing business. bridgestone is the largest maker of tires. huawei is looking to expand its retail presence in europe as it fights 5g bans around the western world. they are planning to open eight physical stores in spain, france, germany, italy, belgium, and the u.k. experienceaunch 42 stores. huawei's app gallery is the third-largest with 33 million active users in europe. fedex is planning to hire 70,000 seasonal workers to handle a holiday surge in packages as it sees delivery demand unprecedented. jobs inded thousands of shipments, spiking 27% from last year's peak. deliveries will be expanded to 95% of the u.s. population as more consumers browse and shop on home because of the coronavirus. let's get a snapshot