>> this is bloomberg technology with caroline hyde and ed ludlow. ♪ caroline: i am caroline hyde.d: and i am ed ludlow. caroline: we will discuss why the valley may be disconnected from reality. ed: and a plunge in pc shipments. grappling with 20. caroline: and eclipse raises $1.2 billion. we will have an exclusive conversation with the founding partner. first, let's check in on these publicly traded markets at the moment. i think we want to go back to the broader markets. it is about chips. we are seeing what it means for inventory the nasdaq up by 10%. more about the economic fundamentals and the reserve giving us another 25 basis points. the bloomberg as we start to price in a more a more hawkish fed. we are seeing bitcoin managing to pull up. we all rely on what is happening in the world. a lot of volatility. ed: what happened friday, because it was a holiday in the u.s., it was thin volume. samsung basically said they are going to cut production to meaningful levels. you see certain names trading markedly higher second sales miss. that is where it is down 3%. the other data p

caroline: i'm caroline hyde at world headquarters in new york, ed ludlow is on assignment. this is bloomberg.. gs mc jumps despite global slump in chips. tesla risking margins to boost sales all humans. they have been cutting car prices on a near monthly basis and elon musk hinted at more cuts to come. spacex is one step closer to getting humans to mars after getting it starship off the ground. we break down the surprise ending for the historic launch. but first we check in on the markets. we are actually getting some reprieve to some individual movers today. wanted to go up more broad to start but i will go in on the micro, ibm up .9% as a gave a forecast in line with analyst projections, a cautiously optimistic sign amid this uncertain economy. up 7.7 percent, managing to outperform as some of the china curves are not impacting the company as much as it had anticipated. we have breaking news that biden is to unveil china investment curves before the g7 summit in may. we moved back to the broader indices, nasdaq off by .5%, headwinds in the economy, signs more of those rec

caroline?e: let's talk about another key payment startup, the african cross porter -- cross-border payment platform. the company's cofounder and ceo spoke to bloomberg about where they go from here. >> we are not immune to the idea that we've had to become a bit more efficient. we had to tighten our belts because even as a business we had to rethink and i've asked my entire team and everyone at the company to think about every single expense of the business, think about it again. we need to expand money in that area? where can we be more efficient? >> do seymour'-- do you see more cost-cutting in the near future for chipper? you've had to lay off a lot of your workforce. you see that continuing on? >> do i foresee additional layoffs? we came out of a period where we hired over 250 people in a space of 18 months. we grew to almost 500 people globally, including acquiring another company. that rate of growth by function of how fast it is happening builds inefficiencies. for us, part of making sur

caroline: i am caroline hyde. ed: i am ed ludlow. carolyn cope we are going to kick out the second quarter, nest like 100, is it a bull market will it stay? morgan stanley thinks maybe you should be warning about this tech rally. ed: delivers fall short of elon musk's expectations. caroline: the latest on his spat with the new york times as a loser verified badge on twitter. first, we dive into the market action. we talked about potential of a bull market. earlier last week in terms of the nasdaq, just coming off its highs, down by a percentage point almost. this as we get the sharp move from opec-plus between saudi arabia that they will be curtailing production. the fears of inflation are back. the borrowing cost surged earlier but they turned around. the yields are back. why? manufacturing data came in much weaker than expected. i want to look at what is happening in terms of crypto and bitcoin. we have seen it plateau around the 28,000 mark. we took a dip lower earlier as the market soared. now off by about one and a quarter perce

announcer: this is technology caroline hyde and ed ludlow. ♪ caroline: i'm caroline hyde.d: i'm ed ludlow in san francisco. as bloomberg technology. caroline: bitcoin tops $34,000. the assets getting a boost on those moves. ed: a deep dive into one of the biggest u.s. intelligence leaks in history. caroline: all across the lice -- the race for intelligence dominance. 100 million dollars funding run for an ai research platform. first, let's check in on these public markets. tech is feeling a little less love. we are up 0.4% on the nasdaq. a little bit of nervousness for owning tech. interesting on the high side. after the easter holiday, the extended break, a little fuel under the fire. two-year yield is up. what is happening in terms of crypto? we managed to break free of that trading range. we were generally languishing around for the past few weeks. does it mean from psychological levels being hit now? are we going back to the eclipses with capital disintegration, or you saw tara luna were up 7% over the past two days? ed: the big question is why, but the what is out the

caroline: i'm caroline hyde. ed ludlow is on assignment today. this is "bloomberg technology". today we drive into tesla's drop in car prices are of tonight's earnings report. it is how the cut and prices now making the model nearly 30% cheaper. plus netflix falls off with briber -- off with subscriber growth estimates. people are getting extremely personal despite concerns over privacy with chatgpt as some turn to it for therapy. we discussed but's first -- but first, let's check in on estimates. some come on in drive. you are also still thinking about what the federal reserve and global central banks have to do to tackle inflation. they nasa off by 0.1%. the 2-year yield has concerns about interest rate hikes of almost seven points on the day. the vix is still well low 17 so anxiety is playing into some fear indices. we are seeing some nervousness around the riskier assets like crypto after what has been a phenomenal run of in bitcoin. just about 3.7% on the day. 29,000 is where we are at. kriti gupta is here to talk us through some of these moves. kriti: the big one is the n

caroline: i'm caroline hyde at bloomberg's world headquarters in new york. ed: i am ed ludlow in san francisco. caroline: a conversation about the future of technology with the stability ai, that just launched a chabad to rival gpt -- launched a chatbots to rival gpt. ed: price cuts and more shareholders are concerned he is spread too thin. caroline: earth day is coming up and we look at the pros and cartons -- pros and cons of carbon capture technology. let's look at what is happening with public markets. i wanted to show what is happening in terms of the benchmarks. i don't want to steal ed's thunder because this is one of the individual stocks but we are seeing may be completely flat on the nasdaq. we are going past some of the view of the macro perspective. we had the pmi data sub business activity showing strength. does that mean the fed does not have to hike? two year yield up for basis points, far more volatile than some of the benchmarks recently. i shine a light on crypto, a downward week, off by 7% in the crypto space. just by .6% on the day, relat

caroline: welcome back to bloomberg technology. i'm caroline hyde. ed: i am ed ludlow.look at the markets. the nasdaq 100 soccer by 7/10 of 1% -- softer by 7/10 of 1%. i'm conscious that we will have a few days left to go in a debate about -- and the debate about what the fed will do is heavy. you see the golden dragon index of 2.8% and a big part of that, the ebu -- ev news out of that market. the 10-year pushing higher. as you put it, we are seeing the wind out of the sails of crypto. i am looking at bitcoin as an example, softer. bitcoin off by 3% and back below 30,000 u.s. dollars. the token is a mixed debate. a lot of long-term balls and momentum in the near term in macro conditions. we -- there is feel-good about the underlying technology. caroline: and some -- in the banking sector and the financial conditions. let's take in to the pushes and pulls. we have the cofounder and co-ceo of fractal. it announced a $6 million seed race. the rats. -- congrats. we are weaker on the day but look at the run in bitcoin, 18% your today. are we seeing now only retail but maybe

caroline: from world headquarters in new york. ed: from san francisco, this is bloomberg technology. caroline: we will ring you a run-up in the stocks and donald trump as he prepares to surrender to law enforcement officers in lower manhattan. ed: a deep dive into the world of electric vehicles is gm ceased to grow market share we discussed this with their north american president. caroline: we will speak to legendary athlete shakeel o'neil whose expanding his global empire in a partnership with genius brands. so much more this hour. all eyes are on technology and the markets and the nasdaq up by half percentage point on the day. we get interesting moves across the banking in tricks -- index with banks up 3% at one point. how strong is the financial world at the moment? we hear from the likes of jamie dimon in his annual letter. we hear the two year yield coming up significantly. we are seeing some weakness finally in the job market with that data showing openings are coming back a little bit. investors seem to be moving away from

caroline: i am caroline hyde in new york. ed: i am ed ludlow in san francisco, this is bloomberg technology. caroline: coming up, we break down meta's results and push ahead to amazons after the bell. ed: our interview with the ceo of activision lizard as u.k. halts the deal. caroline: we speak with keith rabois to discuss investment opportunities outside of silicon valley. once again, second straight day of gains on the nasdaq, leading the charge. it seems to be anxiety leaving us when it comes to tech earnings. still, there is worry about the u.s. economy, the growth slowing in the first quarter more than expected and the inflation risk still evident as consumers are spending. up 1.7% on the nasdaq, two year yield up by four basis points. i want to shine a light that asia did relatively well, china moving a little higher. european stocks on the upside, bouncing back after a big selloff yesterday. look at what other risk acid is proving volatile. check out the moves on bitcoin the last couple of days, above 30,000 then dove

♪ caroline: i'm caroline hyde. ed: i'm ed ludlow. caroline: this is bloomberg technology.aroline:coming up, amazon is the latest to share love. the ceo pledged to keep investing in these areas despite cuts. ed: a software update went up without a hit. caroline: plus, how does a four-day workweek sound? we will speak with the nobel prize-winning economist who says ai may increase productivity so much that it will shave a day off your we we calendar -- your weekly work calendar. let's look at some risk asset love that seems to be across the board. some economic data and micro data showing softness. maybe the ppi showing culling on the front. bad news becomes good news when it comes to the hopes that the federal reserve would not have to hike so far so fast. nasdaq up one .5%. we are seeing money going into equities in europe, technology stocks, and also in hong kong, or we have seen some days of selling. many start to push back on some of the worries that the fed will have to hike more than 25 basis points. let's see what is happening in terms of other risk assets. ed, we we

caroline: i am caroline hyde at bloomberg headquarters in new york. ed: i am ed ludlow in san francisco. this is "bloomberg technology." caroline: what it means for tech stocks. nishi somaiya is with us, along with mike volpi. ed: we will get a read on the health of the banking system. aaron klein of the brookings institution joins with prospective. caroline: elon musk is back in the spotlight, this time with a two hour long twitter spaces. why npr has quit the platform. that and so much coming up throughout the hour. first, let's check on what is happening in public markets. the cpi print inflation data, some soothing of concerns, may pulling back a little bit. at the moment, we are flat on the nasdaq. bouncing off the low. s of the day. we think the federal reserve will have to hike my 25 basis points. two year yield, flat on the day. 4%. i am looking at goldman, the nasdaq golden dragon. alibaba is on the downside. jd is off as well. some key movement from the american depository. let's look at what is happening in the world of crypto. all eyes on

♪ caroline: i am caroline hyde. ed: and i am ed ludlow. this is bloomberg "technology."aroline: a torrent of tech earnings this week. we discussed what to watch. ed: artificial intelligence momentum. we speak to the ceo of runway. and we join the executive leading fidelity's charge into ai learning. caroline: what on earth is going on at twitter? the latest is coming up. caution consumes the investor base. it means we are lower on the nasdaq 100. the nasdaq is off by 0.8%. we wait and hope that maybe some of that fall we are likely to see in the earnings coming from the big tech giants manages to not undergo the pullback on estimates. we are also looking at the overall fundamentals of the macroeconomy. u.s. yields down for basis points. we are also eyeing a debt ceiling that could be pulled forward. it is all down to some of those taxes not going as high as we expected. i want to show the golden dragon . we are seeing the china tech trade also going lower as we worry about some. after the heady highs we have seen, we seem to be trading off at the current level at 27,000.

caroline: 383 million users daily. how did they end up trying to set themselves apart from not being a different brand, offering something different when it comes to vr ar? jasmine: that is something snap has been trying to do from the beginning. they positioned themselves as gen z -- as agency platform, calling it the snapchat generation. it has a strong hold on gen z. where it has struggled is being able to attract audiences outside of gen z, older audiences in particular. a lot of the things they are doing, particularly around ar, really do appeal to its audience. i would say convincing advertisers that ar in advertising is valuable, especially in this economic environment has been difficult. it is working towards bringing ar off platform. it has a new augmented reality enterprise services division where it is incorporating its ar technology into brand apps and websites, as well as bringing some of that technology eventually in store. this of course as part of it never sending -- diversifying its revenue stream and

caroline: coming from detroit.rd of all of the supply coming in terms of ev's, but it is difficult. tesla is there in terms of production but it is taking time for legacy makers? ed: a legacy automaker in detroit transitioning from combustion engines to ev, we know they have asked the administration for an extension of the requirement deadlines. tesla is the opposite. we are already in the game, be tougher. that is what tesla, i'm sure in the core doors of the white house has been calling for. caroline: in fact, geopolitics are in play in general when it comes to ai. there is a bit of an arms race between the u.s. and china and it seems to be gaining momentum. after open ai chat gpt took the world by storm last year, venture capitalists are starting to raise concerns that u.s. investors and u.s. money and venture capital could be backing china's best hope in the field. the debate is playing out on twitter after the information reported yesterday that institutional investors from america are backing chinese-based ve

[police radio chatter] caroline: ok. man: caroline west? caroline: yes. woman: your husband is darren west? [knock on door] caroline: darren, i told them you weren't here. told them i didn't know where you were. you can tell me what happened. i won't be mad. darren: you sent them away? caroline: of course i did. i'm here to support you. you can talk to me. darren: i did a bad thing. caroline: darren...come out. i'm in your corner. [creak] [police radio chatter] [prison door clattering] [thud] [indistinct chatter] ["american champion" theme music playing] announcer: we're coming to you live from l.a. it's "american champion." we've got a new batch of contestants this week, including a warehouse worker who got out of a toxic relationship and reinvented herself as a real champion. caroline: when you grow up in a small town, you don't have a lot of options. a lot of people get married young. the guy i married wanted to move to california. so did i. move out west, you know? i thought if we could get there everything would be all right. things didn't work out.

caroline: i am caroline hyde at bloomberg's world headquarters in new york. ed: i am ed ludlow, this is bloomberg technology in san francisco from the rsa conference, focus on cybersecurity. how are companies and governments around the world responding to the digital threat ? that's the conversation we will have here. caroline: there is so much competition around earnings. we start with this market check because let's go to where we are seeing movement. the buying of the nasdaq today, big tech on top because earnings outperforming microsoft. we will get to that in a minute. this is not a global story. some of the chip-related companies are underwhelming in terms of their own performance and we see a dive, a pullback in european technology trading. crypto is getting a real buy. is this risk on in the correlation or is this because we are still worried about the banking crisis? , this is seeing further record blows for this particular lender. we know that we have concerns around the new share sale, we have alphabet shares on the outside as earnings come thick a

with caroline hyde and ed ludlow. caroline: i'm caroline hyde at bloomberg's world headquarters. ed: i'm at the san francisco. this is "bloomberg technology." caroline: a huge day for big tech earnings. spotify out of the game. microsoft and alphabet. the ai search engine front of mind for investors. ed: the european union says 19 major online platforms and search engines will be subject to extra scrutiny under his new content moderation rules, including a plan to conduct a life stress test at twitter. caroline: the app blue sky is backed by jack steil -- jack dorsey, emerging as an alternative to twitter. what makes it different from the competitors? let's check in on the markets. we are worried about recessionary risks. we are worried about the macro environment, setting off on the nasdaq more than a percentage point lower. some of the data, whether it be about consumer confidence, housing prices, u.s. economy 10 year yield. flight to safety. 10 basis points. seven basis points on the downside below that today moving average. not only risk-averse in the u.s., also for the sixth

— just what is happening there right now, caroline? ., ., . ., now, caroline?k in, and it is here that we _ now, caroline? i am at check in, and it is here that we have _ now, caroline? i am at check in, and it is here that we have seen - now, caroline? i am at check in, and it is here that we have seen quite i now, caroline? i am at check in, and it is here that we have seen quite a i it is here that we have seen quite a few people come from hotels, people who have been flown in and then check themselves in for chartered flights to the uk. you can't see anyone at the moment but over the course of the morning we have seen quite a lot of people. i met two women who had newborn babies, 25 days old, who have obviously been born and their first few days have beenin born and their first few days have been in extremely difficult circumstances. we don't have an exact figure of how many people have now been flown into cyprus. the figure was 897 as of late last night. we have been told there has been a steady flow of new flights in, and we think there are only about 50

indeed, 0k, caroline hawle , happens. indeed, ok, caroline hawley, thank— happens.hawley, thank you, _ happens. indeed, 0k, caroline hawley, thank you, live - happens. indeed, 0k, caroline hawley, thank you, live in - happens. indeed, 0k, caroline - hawley, thank you, live in larnaca, in cyprus. four care workers have been found guilty of mistreating patients at a specialist hospital for people with learning disabilities and autism in county durham. the case resulted from an undercover investigation by bbc panorama programme, in 2019, which showed some staff mocking, taunting and swearing at patients, at whorlton hall hospital. five care staff were cleared of wrongdoing. our social affairs editor alison holt has the very latest. whorlton hall, in county durham. here, within the walls of this privately owned, publicly funded hospital, secret filming by the bbc�*s panorama programme showed people with learning disabilities and autism being taunted and mistreated. see that tiny, tiny car? i can see it. guess whose car it is? who? this is alex. she's severely autistic.

we'll come back to you shortly, caroline, but the foreign secretaryjames shortly, caroline, but the foreignd make a statement on short time ago, as, i wasjust saying, and he statement on short time ago, as, i was just saying, and he explained that the embassy in the capital khartoum has been closed and its diplomats have been moved. this is what he said. in response to escalating violence in khartoum and because of specific threats and violence directed towards diplomats in khartoum we have taken the decision to temporarily close the british embassy in khartoum to evacuate the british diplomats and their dependents and relocate our diplomatic functions into a nearby diplomatic functions into a nearby diplomatic post. we continue to work directly and through our international partners to call for a ceasefire and an end to this violence. the safety and protection of british nationals in sudan remains a priority for us, a top priority for us, and we will discharge that duty through our embassy is based in the area in close coordination with our international friends and partners. that was the

joining us now is caroline simmons.e end of the week i have equity markets drifting slower i have mixed economic data, inflation a little bit stickier. growth not accelerating as much as anticipated. what do we do that right now? nothing is giving us was clear signal? caroline: we are waiting for this inflection point of how slow is growth going to be? fixed income looks better than the equity space. within equities we have gone with staples, industrials. these are better positioned for the slow growth background are seeing. kailey: were talking about the low growth backdrop the same time we have questions about credit and u.s. and europe because of the banking crisis. first republic halted for volatility down 43% to $3.52. there is a lot of talk about receivership being the last resort. this another bank failure matter? how do you think about it from a macro perspective? caroline: we are not regulated strongly. risks stay contained in that is the situation we are in. the stronger banks that have been regulated more tig

caroline: they try to tell us it wasn't true anymore.a ceo saying we have gone from an age of peak-boom, bust. alix: we have the internet of things. and we are learning that might not be true. micron is up. caroline: they can start to be more competitive. i think iot, auto demand, that will come. it just doesn't come overnight. companies have to allocate. alix: it depends on when that happens. how do you price that in? how do you value the and price it in? caroline: how do you ensure you will get the right pricing point? you have a difficult agreement. they are not in any way a cartel. they want to ensure that there is the right price and they can make the right profit margin. but also, it is a competitive space. alix: you have to have the price to incentivize production. apple, down 2.5% on that news. the market is taking it on the chin. caroline hyde of bloomberg, catch her as cohost of bloomberg technology at noon eastern time. the nasdaq down by over 1%. nasdaq, down by 2.5%. you may not be surprised by the pc news but has that been

dummett caroline garcia and france are right - caroline garcia and france are right backin caroline garciainutes to decide the finalset, breaks hour and 20 minutes to decide the final set, breaks of serve on both sides before garcia forced two match points for france. bolter had out —— held out. so it came down to a deciding tie—break, but this time garcia couldn't be stopped. france one up, for matches to go. —— four matches to go. drew savage, bbc news. she's playing corneille, 68 places above her and up on a break, she's a-3 above her and up on a break, she's a—3 on the opening set, you can watch it live on bbc sport and via the red button, darts had a poor start to this year, she looks to get britain on terms here in coventry. from coventry to sheffield, this weekend sees the start of the world snooker championship at the crucible. ronnie o'sullivan's hoping to win an eighth title there, and goes into the tournament as the favourite. victory would move him past stephen hendry, but his form hasn't been great, failing to reach a ranking final this season. he's been speaking to jamie brou

here is how caroline herself explained her act. it's obvious to me. i didn't hesitate. so much about the war because i sat in parliamentary commission. on defense. when it started. i felt that i had to do my part. apparently, the meeting was very fruitful. what can not be said about the demand for caroline on the page of the swedish parliament, where she is listed as a deputy in a number of commissions, there is a sad inscription no assignments since september 2022 , apparently, new assignments. it will be received from the command of the armed forces, in addition to caroline, the ukrainian army will be replenished with other recruits, mercenaries from colombia . send your sappers. citizens of this country will now fight in the ranks of the national battalions against ukraine , meanwhile, the stockholm international peace research institute calculated how much military spending in europe has grown and was horrified by the total volume of military spending in the world is growing for the eighth year in a row and in 2022 increased by 3.7 % to a record amount of 2.24 trill

with caroline hyde and ed ludlow. caroline: i'm caroline hyde at bloomberg's world headquarters.aroline: a huge day for big tech earnings. spotify out of the game. microsoft and alphabet.

caroline: i am caroline hyde at bloomberg headquarters in new york.w in san francisco. this is "bloomberg technology." caroline: what it means for tech stocks. nishi somaiya is with us, along with mike volpi. ed: we will get a read on the health of the banking system. aaron klein of the brookings institution joins with prospective. caroline: elon musk is back in the spotlight, this time wi

caroline hyde joins us with more details.players about the disney development, what have you been hearing? caroline: it is a history lesson, this few dates back a year or so to disney itself taking a stand against a very controversial bill that ron desantis put through in terms of education, many opposed that bill, calling it the don't say gay bill. all of this in many ways was leading to the ousting of the previous leader of disney, who bungled the handling. disney speaks out against ron desantis, ron desantis decides to take charge of the minutes of the authority -- the municipal authority that oversees day-to-day operations at the park. disney out maneuvers them, manages to reduce the power of the municipal authority and be here last week that ron desantis is thinking about building prisons near the theme park. all of this has meant we have a lawsuit filed in a federal court in florida, because they think this is bad for disney's business, which is the biggest taxpayer and all of florida. kriti: it is worth mentioning that

announcer: this is technology caroline hyde and ed ludlow. ♪ caroline: i'm caroline hyde.nology. caroline: bitcoin tops $34,000. the assets getting a boost on those moves. ed:

caroline: they are still investing. -- tell us about them? caroline: they are still investing.oughout this lifespan, it has always doubled down on investment in the company. in 2008 they mentioned other macro headwind period of history. the other areas of growth remain grocery in particular. amazon fresh they have not figured out how to expand vat but they are still thinking about that and thinking about satellite. and this is a company that says there is more for the taking. and 90% of it is done in store. guy: there is a big one off of the list. let me take you to it. aia. carol: all aboard the generative ai train. for years and decades, they have been into machine turning. and they have been offering machine learning capabilities and they been investing and creating their own chips to give to their clients to make sure the computing power is not out of their price range. now they are giving us not one, but to language models. titan is the name of this one. they are not actually chat lots. it is not chat gtp, but it is about making your shopping experience more predictive. al

caroline: i wonder how they keep that allure.an you ensure you still got that high end luxury without cannibalizing that you've got a cheaper product. how can you make sure they are more desirable? alix: that's a fair point. dani: we've seen that with designers when they have lower price points. can we talk about the blue checks? caroline: mine is gone but i don't know about yours. i am interested more to the point of ones that seem to have kept their blue checks even though they didn't want them. stephen king in the u.k. and lebron james and elon musk -- musk says he's holding onto his but it's starting to be whether or not this works and whether people find the product is not as good when you have people with lewd checks rising to the top of your overall fee. it will be interesting to see who doesn't doesn't keep them and whether it becomes a signpost of your political affiliation. dani: very interesting, thank you so much. you can catch her as cohost of bloomberg technology in about 90 minutes. this is bloomberg. ♪ thanks to a

caroline: i am caroline hyde in new york.ncisco, this is bloomberg technology. caroline: coming up, we break down meta's results and push ahead to amazons after the bell. ed: our interview with the ceo of activision lizard as u.k. halts the deal. caroline:

good afternoon, - caroline speaking, how may i help? of course _ caroline speaking, how may i help?ng 150 cast and crew in the town — of course having 150 cast and crew in the town is also a great boost for business.— for business. what it does is ma . ni for business. what it does is magnify the _ for business. what it does is magnify the town _ for business. what it does is magnify the town and - for business. what it does is magnify the town and puts l for business. what it does is l magnify the town and puts the for business. what it does is - magnify the town and puts the town as a destination very much on the map, notjust nationally up—and—down the uk but also internationally and especially in america. just out of interest, which room did tom hardy stay? interest, which room did tom hardy sta ? �* ., interest, which room did tom hardy sta ?�* ., , , stay? i'm not too sure if he stayed here at the — stay? i'm not too sure if he stayed here at the hotel, _ stay? i'm not too sure if he stayed here at the hotel, actually. - stay? i'm not too sure if he stayed here at the hotel, ac

caroline: it is about layers of management. this is about personnel.his is about focusing on efficiency. we knew that they felt that the lighter command had gotten to beefed up. this is generally at technology focused business problem where people thought that during covid, times have changed. people beefed up. the tailwinds we saw in 2020 and 2021 wouldn't last. we see the pullback. they want to focus on r&d and artificial intelligence but they don't want to focus in on this year amount of people. alix: it feels like middle-management. the stock is off 1.6% but it had a good run going into this. what is happening with tiktok in d.c.? caroline: one of the key competitors to instagram and meta is tiktok. many are not convinced that we would somehow see our data shared with the chinese government. there is some lobbying pushback to any direct ban of tiktok or what has started to become more popular is the bipartisan approach that you can focus in on chinese or russian related companies and pushback against them. it would be a beef up of the commerce depa

caroline is unsure of it herself. i asked her. but she said a lot of men say they had affairs with his mother, i don't know i would suspect maybe he did i cannot speak unequivocably that they did. >> the people we talk about colonel house or jacobson, are all friends who played a very specific role and had an impact on policy. what are the rules do first friends play in the life of presidents? >> so, that's like what he said about fdr. did not play an inconsequential role. he advised on the policy did not speak the blunt truth, did not march into the oval office and make demands. but somebody that gave fdr what he desperately needed in the white house and that was company that was constant company. fdr, despite following a world war and depression is an intensely lonely president. his book a lonely man. partly because his wife was often away from the white house crusading for important causes. the children were not really present in the white house until his daughter and came in 1944. he says i'm either exhibit a. here's a man who

caroline: i'm caroline hyde in new york. ed: and i'm ed ludlow in san francisco.g up, we will look the implications of trump's indi

caroline: i'm caroline hyde at bloomberg's world headquarters in new york. francisco. caroline: a conversation about the future of technology with the stability ai, that just launched a chabad to rival gpt

alright caroline travel in washington. caroline. thank you. earlier we spoke with you see college of law professor david levine. he says he expects much more clarity on tuesday when the indictment will likely be unsealed. my understanding is that mr cohen got a number of checks for mr trump, allegedly to cover the money that mr cohen had fronted. now each one of those checks be considered a separate charge. we don't know. will there be other charges that really we don't know about? and will it seem as if there are 30 separate offenses or whether we're kind of chopping up? the same offenses into different charges. certainly there will be some will be felonies. some will be misdemeanors, but we'll get a much better idea on tuesday. the former president is expected to appear in court on tuesday morning. fox news reports former president trump plans to leave florida for new york on monday night. a source of the d a s office says the d a s office and the trump legal team have reached an agreement to not arrest the former president in handcuffs. dan

caroline: i am caroline hyde at bloomberg's world headquarters in new york.udlow, this is bloomberg technology in san francisco from the rsa conference, focus on cybersecurity. how are companies and governments around the world responding to the digital threat ? that's the conversation we will have here. caroline: there is so much

we have caroline in paris. what is at stake today? caroline: a lot is at stake.itution in france today will rule on two things. the entire pension reform and the possibility of a referendum that has been asked by the opposition that would then start to process, requiring about 10% of the french population, around 5 million people, to sign in order to organize a referendum probably by next year. it is unlikely that the constitution will reject the entire reform, but it could say for example, the debate in parliament -- democratic process -- decreed to bypass the vote in parliament, and that is against the principle of clarity and sincerity of the constitution. most likely, it will reject parts of the reform. for example, the senior index which forces companies to publish the number of people over 55 years old that they are employing, that could be rejected because that is not a part of social security budget, which the law has been presented. of course, the consequences could be disastrous if they reject the reform because that means he will have to start from scr

. >> this is bloomberg technology with caroline hyde and ed ludlow. ♪ caroline: i am caroline hyde.udlow. caroline: we will discuss why the valley may be disconnected from reality. ed: and a plunge

thanks, caroline.oned is the one northwards overland to egypt, a journey of at least two days by road from khartoum to the area of abu simbel in southern egypt. and our correspondent tom bateman is there. drink is up—to—date on the situation. —— bring us up—to—date. we arejust a situation. —— bring us up—to—date. we are just a few miles north of the main border crossing from sudan into this part of egypt and we spent the day heading down there, hearing the stories are people making that perilous journey. stories are people making that perilousjourney. there stories are people making that perilous journey. there are thousands that have made it across but there are real concerns tonight about a build—up of numbers on the other side of the border here. the vast majority heading across our sudanese nationals but also among them have been some british citizens and we have been spending the day hearing the stories of a journey one man described as like being from hell. thousands have now fled through this cr

jill biden ambassador caroline kennedy, david rubinstein chairman of our board fred ryan and vice chair john rogers and al roker served as the master of ceremonies for the evening. we had performances from the gray coat fife and drug corps metropolitan opera. soprano brandy sutton and the nyu steinhardt school, which we have a new partnership with provided their chamber orchestra for music throughout the evening highlighting american songs and traditions. this special episode will provide an inside behind the scenes. look it's some of the moments from that very special evening. in this first clip, we'll hear a segment from my remarks that describes the white house connection to the temple of dendoor and why we decided to host the gala in that historic space. i wanted to take a moment and set the stage of where we are here in the temple of dandora in the cycler wing of the metropolitan museum of art. this historic structure in front of you is here because of a bit of presidential history. in fact, i would say that almost everything we do believe touch and it happens in our lives has some

caroline hawley, bbc news. let's get some of the day's other news here in the uk...scottish national party — colin beattie, is stepping down from the role in the party until a police investigation into the party's finances is concluded. mr beattie was arrested on tuesday and later released without charge pending further investigation. scotland's new first minister humza yousaf said the post will be filled "as soon as possible". inflation in the uk fell to 10.1% in march, down from 10.4% in february. however, analysts had expected it drop a lot more than that. blame has been put on the soaring prices of food and drink — which has gone up by almost 20% in a year and has reached a its—year high. a coroner in england has ruled that the cause of a man's death was due to complications from a coronavirus vaccine, and not natural causes. the family of 32—year—old stephen wright believe he was the first person in the uk to die as a result of the astrazeneca vaccine. they say they intend to pursue legal action. now, you may remember the british court room battle that came to b

pakistan correspondent caroline davies has the latest from islamabad. china, india and pakistan are becoming increasingly important and from pakistan's perspective, they want to make sure they can keep the lights on and the country moving. they're in mind this is discounted crude oil and that is important to pakistan at the moment because they are in a major economic crisis and the foreign currency reserves are incredibly low. now to that big if. this is whether or not pakistan's refineries can actually refine russia's crude oil. this is currently under a trial period while this dean li deal is signed, according to the reuters news agency, and that will be one very big question. there are a few other questions as well. whether or not this crude oil is going to be paid for in american us dollars, russian roubles or another currency altogether. how long is this deal potentially signed for? we don't have these details at the moment. according to reuters, the pakistanis have said they are expecting around 100,000 barrels a day from russia at the peak of the