caroline: i am caroline hyde at bloomberg's world headquarters in new york. ed: i am ed ludlow in san francisco. this is a special edition. caroline: we will cover the market chaos from u.s. to europe and beyond. the macro picture and how it affects your tech exposure. ed: how the svd collapse and bank crisis contagion could leave the rattling of fintech. caroline: the outlook on risk sentiment broadly. the state of venture capital as clouds loom over the industry. all that and so much more coming up. let's deep dive into the markets because it's ugly out there. were looking at the tech sector managing to outperform. we have to focus on where the heart of the problem is. credit suisse is the spillover effect. the euro as i last saw, the key redhead line coming across the bloomberg terminal was a two month low seeing the biggest elephant the euro dating back to the heart of the covid crisis march 2020. so much to dig into when we are looking at some of the read across. interestingly the bond sector is where we are training our eye and we look at the significant

innovation, money and power collide, in silicon valley and beyond, this is "bloomberg technology" with caroline hyde and ed ludlow. caroline: i am caroline hyde at new york's at -- at bloomberg world headquarters in new york. from crisis to fundamentals we talk jobs, inflation. more job codes -- more job cuts at meta. more on the company's restructuring ahead. ed: the latest on the collapse of silicon valley bank and private equity funds looking to snap up the banks assets. -- looking to snap caroline: day two of our new time with the show. we look at market repercussions. what a difference a day makes as we drive higher on the nasdaq. bonds rising. the collapse in bonds, the federal reserve had to pull back. inflation data, cpi running hot. the federal reserve still likely to hike, at least higher on the two-year. starting today just the repercussions of svb. now we are dialing back our anxiety. up almost 5%. flipping on, almost up a second day. bitcoin it now trading the highest. the og on bitcoins since june 2022. ed: cpi print a real driver. policy index higher. nvidia, apple, uber and lyft both

caroline: i'm caroline hyde in new york. ed: this is bloomberg technology. coming up, a conversation with cathie wood. ed: we will take a look

anyway, that wraps it up for me and guy on tv. , a new time caroline hyde, ed ludlow.sdaq 100 up to .3%. a lot of that's also nvidia. those regional banks leading the way. this is bloomberg. ♪ day long. so when something happens that could affect your portfolio, you can act quickly. that's decision tech, only from fidelity. the first time you connected your godaddy website and your store was also the first time you realized... well, we can do anything. cheesecake cookies? the chookie! manage all your sales from one place with a partner that always puts you first. (we did it) start today at godaddy.com >> from the heart of where innovation, money and power collide, in silicon valley and beyond, this is "bloomberg technology" with caroline hyde and ed ludlow. caroline: i am caroline hyde at new york's at -- at bloomberg world headquarters in new york. from crisis to fundamentals we talk jobs, inflation. more job codes

innovation, money, and power collide in silicon valley and beyond, this is "bloomberg technology" with caroline hyde and ed ludlow. caroline: i'm caroline hyde at bloomberg's headquarters in new york and ed ludlow is off today. coming up, a look at the outlook of the u.s. china relations as tension summer after tiktok ceo's testifying before lawmakers. microsoft's accurate -- activision deal getting a boost from the u.k., details as regulators narrow the scope of concern. and we talked the health of venture investing accelerating ne-yo and look at the state of hiring in the tech world as more companies announce layoffs. first, let's check in on these public markets. putting off from lowe's, nasdaq off a few tenths of a percent, a swirling concern toward the weekend, may be risk aversion towards it i had of more concerns around the industry, this time from deutsche bank, from germany, still worry about what it means for the ramifications here. stoxx 600, the banks part of that index off by more than 3%. look at in terms of the havens, the dollar is down versus the japanese yen and that is where peopl

caroline: i'm caroline hyde at bloomberg's world headquarters in new york. ed ludlow is off.on as banks continue to struggle. we assess what it all means. protect your investments.

caroline: i'm caroline hyde in new york. ed ludlow is off today.s is open bloomberg technology -- this is "bloomberg technology." we will bring you the details from capitol hill on

>> this is a bloomberg technology with caroline hyde and ed ludlow. caroline: i am caroline hyde. coming up, full coverage of the banking fall out. that is secretary yellen appears before the senate. ed: the u.k. taking a ban on the government phones. caroline: an exclusive conversation with the ceo of microsoft. to the economy and beyond, we will review our conversation and so much more. volatility in the bond market reprieve as we hear reports from the wall street journal and other outlets that we would see systemic banks in the u.s. come in at under support. the vix actually ending out of volatility. we see the ecb hike rates as many have perhaps not anticipated the 50 point basis hike move. the movement into this particular asset to, despite volatility in the u.s. dollar we are up 16% on bitcoin. dig in to some of the micro moves. ed: microsoft is integrating ai into the market suite. it was a prerecorded presentation. social media stocks also fishing higher on the bloomberg report. the u.s. is telling, sell your stake in tiktok. the banking sector is a dynamic. we look at firs

caroline: i am caroline hyde at bloomberg's world headquarters in new york. dlow in san francisco. this is a special edition. caroline: we will cover the market chaos from u.s. to europe and beyond. the macro picture and how it affects your tech exposure.

>> this is bloomberg technology with caroline hyde and ed ludlow. ed: caroline hyde is off this week. this is bloomberg technology. the bank out -- making fallout continues and we will give you the details of the svb meetings. more than a thousand tech heavyweights call for a pause on the artificial intelligence boom to implement safety protocols and we will break down what is inside the petition. chip stocks getting a boost as analyzed -- as analyst upgraded nvidia. technology a big driver and we are in risk on mo and we are seeing outperformance the nasdaq 100 the philadelphia index in particular. a bullish outlook from micron. yields are coming back and the u.s. 10 year 3.4% and bitcoin is caught up in this risk rally, at 4.28. it has been a good run for tech stocks. the nasdaq 100 is tech heavy and we are heading for a pretty blockbuster quarter. we are getting towards the end of march and a few sessions left to go as we bring up this bloomberg terminal to visualize the point. whether we continue the momentum is about the fed, core pce, the main

innovation, money, and power collide in silicon valley and beyond, this is "bloomberg technology" with caroline hyderoline: i'm caroline hyde at bloomberg's headquarters in new york and ed ludlow is off today. coming up, a look at the outlook of the u.s. china relations as tension summer after tiktok ceo's

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, a conversation with cathie wood. ed: we will take a look at the health of startups amid the crisis. we are joined by the ceo of pilot. caroline: and the outlook for the gaming industry. ceo joining us with an exclusive conversation on his findings. all of that and so much more coming up. is it relief? anxiety dialing back on the financial crisis? what for the federal reserve? money tentatively going into the nasdaq. the risk sentiment is improving. money is moving out of bonds. yields push higher. is the banking crisis being alleviated by regulatory moves? the two year yield is up 17 basis points. bitcoin is taking a breather. what about the likes of the other crypto coins? either is currently up one percentage point. we are seeing movement and other directions of cryptocurrency today. ed: news headlines are driving individual movers. meta is up .6%. alphabet is markedly higher. the generati

innovation, money, and power collide, silicon valley and beyond, this is "bloomberg technology," with caroline hyde and ed ludlow. caroline: i'm caroline hyde in new york. ed ludlow is off today. this is open bloomberg technology -- this is "bloomberg technology." we will bring you the details from capitol hill on tiktok. and what about the latest on the cash app unit as they plunge in trading? plus lights, camera, apple? spending billions to break into show business. more on their plans to raise their hollywood profile. that and so much more, coming up. apple in the big tech, seeming like a haven on the day? even though they continue to worry about solidity and the banks. stoxx 600 is down on the day. dragged down by the banking stocks in europe. keep an eye on europe, the pound is up 4/10 of 1% as we see the bank of england like the united states federal reserve hike. that's the macro picture for you technology investors out there. looking at going, though, this is a haven of choice or a move that we see as they remain cynical around the banking industry? up 5% over the course of this trading day

caroline hyde is off this week. silicon valley bank finds a buyer. we will give the details of first citizens' takeover and what it means for the biggest financial -- failure since a financial crisis. mike wilson warns of elevated risk in markets. we discussed with greg boutle bnp paribas of. -- greg boutle of bnp paribas. the semiconductor index is down. first citizens stepping in for svb. yields higher, risk off going through the bitcoin, below 27,000 u.s. dollars this is a week where we are antsy, waiting for the amount of fed speak to come. this chart tells the story of the yields moving in relation to s&p futures. we thought we would get a bullish tilt. that is the macro picture with movers. >> a tech company working with nonprofits. the stock up nearly 12%. it rejected an unsolicited takeover bid from clear lake capitol for $71 a share. they said it is too low and shareholders agree. guggenheim raise the price target from nine dollars to $12. . a good day for snap. the story of the day is what is going on in the banks. first citizens will buy s

caroline: i am caroline hyde in world headquarters in new york. ed: this is "bloomberg technology." irst republic sees its worst week ever on record. we will bring you updates as they cross.

innovation, money, and power collide in silicon valley and beyond, this is bloomberg technology with caroline hyde and ed ludlow. caroline: i'm caroline hyde at bloomberg's world headquarters in new york. ed ludlow is off. we count you down to the fomc rate decision as banks continue to struggle. we assess what it all means. protect your investments. as we get the c-suite perspective, adobe's ceo. we go live to the software giant's conference in las vegas. plus for coverage on tiktok as its chief prepares to defend the social media company on capitol hill. can he assuage lawmakers demand for a banner a forced sale? first let's go to the calm before the fomc storm. the nasdaq up .2%, treading water as we see what the fomc -- what? -- what jay powell has to say. they are 600 up .2%. notable moves in the u.k., european market still trading ok. inflation ramping up, not dialing back below the 10% level. keep the fed to keep in mind. let's talk about what was once deemed an inflation hedge. more of a risk asset, has been getting higher as we see the bank crisis unfold come up another 2%. we are now abo

caroline: i'm caroline hyde in new york. ed: i'm ed ludlow in san francisco. this is a special edition of "bloomberg technology." caroline: because today we are focusing on the biggest bank failure since the 2008 financial crisis. silicon valley bank started the year with more than $200 billion in assets. today california regulators closed the bank into receivership. basically it collapsed. a top lender to vc backed startups. now it's the second silicon valley bank to fall in a week after silver gate's bankruptcy. this story is bleeding into the tech sector, into the financial market at large, and has the attention of not only financial regulators, the white house, tech founders of all backgrounds. tell us a bit about how it is impacting individual companies at this moment. ed: first off, trading of svb financial group was suspended. had a really profound impact on equity markets. a bank index down for percent. other names, particularly regional vendors we saw pretty deep declines. first republic and signature bank, some of those names. where we did see severe

caroline: i am caroline hyde in world headquarters in new york. ed: this is "bloomberg technology." caroline: svb financial files for chapter 11 bankruptcy as first republic sees its worst week ever on record. we will bring you updates as they cross. ed: and we look at how this plays out in the market. our guest joins us with their take on bitcoin flirting with its biggest weekly gain in two years. caroline: how the crisis is playing out in the c-suite. we speak with the ceos of mercury, rippling for their take and get the venture capital outlook with the cofounder of a venture company. all that and more coming up. let's get first to an external air week in the markets finishing with an extra neri dave off by 1% on the nasdaq but this index is higher to the tune of 4% on the week as actually the big tech still outperforms when we are worried out -- about small tech and the kbw bank index, another 15% on the week, down 5% on the day, down the most on the month since march 20, 2020, 28% of value of the kbw bank index has been extinguished. two year yield flight to safety again, up by t

caroline hyde is off this week. silicon valley bank finds a buyer.details of first citizens' takeover and what it means for the biggest financial -- failure since a financial crisis. mike wilson warns of elevated risk in markets. we discussed with greg boutle bnp paribas of.

ed: caroline hyde is off this week. this is bloomberg technology.t -- making fallout continues and we will give you the details of the svb

ed: i'm ed ludlow in san francisco, caroline hyde off this weekend this is "bloomberg technology." bring you the latest headlines on the trump indictment, a breakdown of the social media implications. we speak also to the technology group on generative ai as the industry heavyweights call for a pause in developing the disruptive technology. huawei hosting its first profit drop in a decade. as u.s. sanctions force the china tech tried to invest in r&d, we discuss with the huawei chief security officer. when it comes to the technology sector in the last day, what has been constructed, look at the nasdaq 100 up by 100 percentage point, ending this court or higher, best since the quarter of 2020. similar performer in the semiconductors. you look at the stocks in the semiconductor index, higher. but again the best quarter for that index going back to june 2020. yields 3.5% on the 10-year, risk on generally speaking in bitcoin is certainly a part of that story. the main headlines are around president trump and his indictment and how that is playing out in the tech sector and equity marke

caroline: i'm caroline hyde in new york. emily: -- ed: and i'm ed ludlow. caroline: we

. >> this is a bloomberg technology with caroline hyde and ed ludlow. caroline: i am caroline hyde.ge of the banking fall out. that is secretary yellen appears before the senate.

ed: i'm ed ludlow in san francisco, caroline hyde off this weekend this is "bloomberg technology." latest headlines on the trump indictment, a breakdown of the social media implications. we speak also to the technology gro

caroline hyde will speak with the ceo of macy's at the 1:00 p.m. new york hour. about the stock market account i was just mentioning. today we see a positive performance out of europe today. the core number with trading -- up 4.5%. the german 10-year is continu ing says selloff. the euro is at 1.06. how much are higher will rates have to go? you can see that in the euro-dollar, 1.061 four is where we are trading. we are down point 5%. the european close is coming out. we will debate the inflation story. susanna streeter will join us. the closes next, this is bloomberg. ♪ the first time you made a sale online was also the first time you heard of a town named... dinosaur? we just got an order from a dinosaur, colorado. start an easy to build, powerful website for free with a partner that always puts you first. godaddy. tools and support for every small business first. - [announcer] imagine having fuller, thicker, more voluminous hair instantly. all it takes is just one session at hairclub. introducing xtrands. xtrands adds hundreds or even thousands of hair strands

>> i am caroline hyde at bloomberg's world headquarters in new york. >> i am ed ludlow in san francisco. >> tesla investor that kicks off and we bring you everything you need to know from elon musk's big event. >> we will bring you a conversation with the ceo of coinbase amid a broad regulatory crackdown on that industry as the sec eyes the company's product. >> plus, g. naming their new leader. all of that is so much more coming up. from private markets to public, we check in on what was a slightly dour mood and the overall equity benchmarks. some of that manufacturing data in the u.s. showing the prices are still rising further than the federal reserve. we want to see the 10-year yield. interesting that china managed to have a pretty strong day. i am looking at the golden dragon. even though the risk assets have been selling off of it. >> for the macros and the micro, -- salesforce knocking it out of the park. the shares are up over 14%. give us a full year 24 hour outlook. looking at the fiscal first quarter and revenue above expectations, other than a reaction stating that this is e

caroline: i am caroline hyde not in new york. ed: both of us are in san francisco. and public market relatively is hitting a smack in the face -- volatility is hitting us smack in the face. caroline: tesla shedding tens of billions of dollars of market value. ed: and why the commerce secretary told us u.s. concerns over chinese apps go beyond tiktok. caroline: and a conversation with gary gensler about his concerns over artificial intelligence. silver gate continues to plunge after concerns. first, let us look public markets. i want to dive in on the macro, not just crib go. the nasdaq is up. this is so macro focused. one of the key fed voices has come out and said we could to see a pause in interest rate hikes. china was a little bit of a drawback. the two year yield is flat. let's get to the world of crypto. the dollar resolutely higher against most today but in the last couple of days crypto held onto a gain. relative stability but players within the space are getting attention. ed: everyone is using specific assets as a lens. we will talk about macy's later. we h

(soft music) caroline: welcome back to bloomberg technology on caroline hyde. and i'm auto -- ed ludlow. crypto market struggling to power through the enclosure of silver gate capital one of the main banking providers for cryptocurrency. bitcoin hitting a two-week low for mark let's bring in. >> we're effect from the collapse of ftx last november. a major client of story gate and as a result suffered from a bankrupt luster. they said they disclosed our losses and then they said they are evaluating if they can stay afloat internally and they also indicated risks being investigated by the department of justice so this prompted in exodus. one of the few and key payment platforms to transfer u.s. dollars between each other real time. caroline: all of these saying our ties with silver gate are being put on hold for the time being where do we go for this ability to transfer to ensure the pipes are still working, the infrastructure as to where. >> that is the question they are trying to figure out. and other bank is signature bank that they are planning to reduce the

♪ caroline: i am caroline hyde. ed: i am ed ludlow. this is bloomberg technology. roline: coming up, hocks hit, jerome powell spooks markets. mike wilson warns growth equities face pressure ahead. ed: more job cuts at meta. the facebook parent planning to lay off thousands this week. more on our bloomberg exclusive ahead. caroline: china shakes up oversight of its vast tech arena. xi jinping focuses on fending off u.s. sanctions and achieving self-sufficiency. all of that and more coming up. there is a lot to digest in the macro part of these markets today. it was one of a prospective coming from jerome powell, coming out fighting. maybe the federal reserve is not done tackling inflation. big tech on deck. all of this worry around what the federal reserve will do affected european trading. we are off by 1.3%. i am looking at this inversion. this is the two year bond yield. the cost of borrowing at the two yield -- year is higher than the 10 by a full percentage point. -104 basis points. this signals the worry the market has about a recession to come. let's look at t

there is only one story we are speaking with caroline hyde. is happening with svb. >> sadness and fear all combined. i was sitting on your show yesterday and the numbers started trickling in. the portfolio companies started to rethink their policies with svb. and in a shock rippled through. whether it is tender graham and signal. whatever flavor of mentioning -- messaging you are using the company's and founders and ceos and cfos and their general partners and companies that fund them are all trying to decide whether they should diversify with this and with a heavy heart they are doing that. we have founders on the show responding in the moment. one was reconsidering what was called a bank run. and the had another key founder saying although he is excited about his ai announcement he is worried about his banking partner. and them another was thinking about stablecoin and she said it felt like the sky was falling. take a listen. >> the biggest question we are asking is will this impact our portfolio companies from operating their businesses day

silicon valley starts its morning, caroline hyde joins me on set. ve the hindenburg report yesterday, what is the story here. caroline: it has been australian related stock, today it is down in u.s. trading. even though they are trying to dispel, saying they are looking at legal action versus hindenburg research saying it is misleading, people will delve in to what they are doing, how real the numbers are, the spin over effects for confidence in the stock. we saw cathie wood doubling down , adding $20 million worth of block, which had about 6% of holdings in that particular name. once again, this is coming from the etf's they manage. >> create losses by selling stocks, that gives us a tax loss asset. it is over $2 billion right now. then, concentrate towards highest conviction names. caroline: everyone is thinking about it. guy: maybe it is tax season. but i am genuinely questioning why she is doing what she is doing. when companies are tumbling, she is stepping in. i can understand the logic, but she keeps doing it. i'm wondering what she is seeing

caroline: i'm caroline hyde bloomberg's world headquarters in new york. ed: i'm ed ludlow in san francisco. this is "bloomberg technology." caroline: silver gate plans to wind down operations and liquidate. what it means for the rest of crypto. ed: googles vp for trust and safety talks about the guardrails needed for generative ai. caroline: the runway ceo talks about how the fashion rental is leaning into a cost-conscious consumer. first from the micro to the macro, we see a little more of a mood shift. howell once again, the chair of the federal reserve, up on capitol hill, did not do much to alleviate anxiety. we did manage to see the nasdaq tech heavy benchmark recovering some of yesterday's selloff. the semiconductor index outperforming up 2.7%. we are true -- still trying to fight off a borrowing on the rise. on the front end of the curve, the two-year, well above 5%. inverted yield curve, we are seeing other areas of risk assets on the downside. we are seeing crypto once again under pressure. dollar on the rise as interest rates have come. but crypt

caroline: i'm caroline hyde in new york. emily: -- ed: and i'm ed ludlow. caroline: we talk first republic stock drop. ed: plus what the banking followed means for crypto. caroline: and the latest on job cuts in the world of technology, amazon announces it is laying off an additional 9000 employees, that in more coming up. let's get the read of risk sentiment, if you are looking at the nasdaq, technology outperformed last week, a stellar week on the nasdaq 100, today we digest what has happened over the weekend in terms of crisis and amazon. the bank index on the higher side apart from a name you are going to drill into. people are getting away from some of the haven bids, technology seen as a haven. what has been a haven over the last week, the bid for bitcoin, up almost 14% over the last few trading days and to gay -- today we do see they 28,000 level. ed: that momentum in the crypto space trance into equity market. this is lower 2.5%, but has since given up gains. bedforms markedly higher -- bitcoin markedly higher, we are trying to see how this will go.

you can catch ed alongside his coanchor caroline hyde. bloomberg technology coming up.y have great gas. this is bloomberg. ♪ everything's changing so quickly. before the xfinity 10g network, we didn't have internet that let us play all at once. every device? in every room? why are you up here? when i was your age, we couldn't stream a movie when the power went out. you're only a year older than me. you have no idea how good you've got it. huh? what a time to be alive. introducing the next generation 10g network. only from xfinity. the future starts now. alix: we are about an hour into the u.s. trading session. tracking the moves as s&p stays above its 50 day moving average. >> looking at some gains. the s&p 500 catching up a bit today of about .6%. big tech your outperformer. nasdaq up about 1%. another quiet day in the bond market. maybe i just jinxed it. looking at a two year treasury yield only up about three basis points currently. that yield is around 4.13%. we were at 5% earlier. some money coming out of the dollar. bloomberg dollar index down about .4%. let's tal

caroline hyde joins me with more. it is block but we are used to calling it square.t are some of the allegations? >> it is also cash app. they have done a couple of years focusing on forensic research. the fact they can access checks. the alleged accusation here is that cash app was allowing multiple people to use the same bank account and claim a load of money from the government. house and's. and therefore, they are worried about the compliance -- thousands, and therefore they are worried about the compliance. they are taking issue with the lack of a $29 billion deal. they don't like that particular deal. they also didn't like the way cash app targets merchants every time you swipe to make a payment. there are a few issues but largely it is compliance and facilitation that is making people sit up. guy: when will we expect to hear from block? how do we respond? how does history tell us about how companies will respond? >> we know that bloomberg news has reached out. we wait and see. but we know that the impact on shares is huge. already, some analysts have taken not

bloomberg technology, caroline hyde anded will be a valuable resource in the coming days. breaking down right at the cusp of a new lows, 2.14. lisa: people are looking for what will be the next weakest link in the banking sector to go. this to me is the big question, if this isn't systemic, does this change of the scenario with respect to inflation, rate hiking at a time where you are seeing the mic it -- market priced in. tom: inflation tomorrow. when is retail sales? friday. i was wrong. lisa: you were right. i was wrong. tom: what we do see here is economic data is of importance to a nation in financial crisis. coming up, the president of the united states with the markets open will address this banking crisis. stay with us on bloomberg radio and television. jonathan:jonathan:. morning, good morning. the countdown to the open starts right now. >> >> everything you need to get set for the start of u.s. trading. this is "bloomberg: the open" with jonathan ferro. jonathan: live from new york, the u.s. banks stopping bank deposits of failed banks.