caroline hyde spoke to the ceo earlier today, and joins us now. i imagine he was in a good mood. line: he is always in a good mood. he is feeling really strong. the momentum they saw in the third and fourth order will continue into the 2024 year in terms of the resilience of their clients. the customer base is not the economy and not a direct reflection, it is a higher tier. we will see better abilities to pay down their debts, and that they are very in control of how much they are having to set aside in terms of credit losses. the consumer is still resilient, and he felt positive about the momentum within the spending in amex. we might have missed the odd consensus report for the fiscal fourth-quarter, but because of argentina, a big devaluation. but that's our business models resilience. if we can take a $100 billion hit and post such great results, he is pretty confident. katie: you have to wonder how many businesses could take a hit like that and still do well. this is a big week for the cards. visa also coming out. compare and contrast what we heard from amex versus visa? car

this is bloomberg technology with caroline hyde and ed ludlow. caroline: i am caroline hyde a bloomberg headquarters in new york. ed: i'm at the ludlow in san francisco. caroline: attacks to the global supply chain and what is being used to navigate around them. ed: and is hit by those attacks. it has shut down its berlin plant. caroline: we will sit down with renowned venture capitalist amongst the announcements that he is returning. first, we check in on these markets. there are fiscal headwinds about the strike and implications of the middle east. and it takes the anxiety that is been built into the market. read into that the ppi number, this could be dialing down when it comes to the producer prices and it mpox of the bond market. two year yields crashing to their lowest since may feeling that the rate cuts will be back on the table. let's take a look at bitcoin, is this a sensitivity to ppi? or are we selling the run-up into crypto more broadly? we are off by 1.4%. ed: we will take deeper into the program. it's a difficult to get a causal lin

this is bloomberg technology with caroline hyde and ed ludlow. caroline: i am caroline hyde at bloomberg headquarters in new york. ed: and i'm ed ludlow in san francisco. caroline: tesla shares slumped after a report on growth rate. ed: we speak to the seat f o of service now. caroline: microsoft cutting jobs in his game section including activision. first, let us check in on the record highs on the s&p 500. we look at a strong gdp figure coming in and check out the concerns of tesla. mastec is not at a record high but up at .35%. the euro, and why they did not move rates. we are up .5%. we are currently flat on bitcoin. we are at the trading level we have seen but notably below the mark. what do you have on the micro? ed: intel is out with earnings after the bell but a deal announced with the taiwanese chipmaker they get access to 12 nanometer technology and intel gets utilization of hardware. this is a great when of on shoring manufacturing in the u.s.. we will look for more on that deal, ibm up after a strong outlook and sales. they are worried

caroline: i am caroline hyde. ed: and i am ed ludlow. this is bloomberg technology. caroline: a win of support. we will break down the latest. ed: bitcoin reverses course and head of the etf decision. caroline: and is 2020 for the year that u.s. china tensions finally hit apple? first we check on the macro picture. some of the data not coming in as strong. they were not giving us any particular hints of a timing. but still we consideration at what they should be valued at. this in your yield is upcoming coming off of its highs. bloomberg dollar index now four straight days. there has been volatility and that has been a selloff just over 41,000. instead of the $43,000 level, all in anticipation of the january 10 date deadline. more on that in a moment. ed: the main story on the public equity side is disney. bob iger has -- secure the support to back the disney proposals for the board. blackwell's capital has other proposals but is in line with bob iger. that is important because bob iger is trying to ward off another activist who has not been happy with disney's perfor

caroline: i am caroline hyde. ed: and i am ed ludlow. this is bloomberg technology. he latest.

caroline: i am caroline hyde at bloomberg's world headquarters in new york. ed: i am ed ludlow in san francisco. caroline: a mixed picture on u.s. jobs. we will get the read on the state of the labor market and how ai will impact hiring in 2024. ed: the teardown of the huawei newest laptop throws cold water on another technological breakthrough for the sanctioned company. caroline: amazon taking on google. we sat down with perplexity ai which has a half billion valuation two years since its inception. let's check on these markets. the whiplash. strength, resilience in the u.s. labor market. the ism number turns the picture a little sour. bad news becomes good news and the stock market recovers, up .4% on the nasdaq. the two year yield comes down after whipped itself higher. the turnaround in the u.s. dollar having originally been seeing it on the weaker side, as we saw what was some stronger data. we now anticipate -- it is actually rising on the downside by .2%. we have been higher on the dollar and then we go lower as everyone tries to price in with the fede

and ed ludlow. ♪ caroline: caroline hyde in new york. : i'm ed ludlow in san francisco. this is "bloomberg technology." caroline: sofi shares are surging after posting its first-ever profit. our ceo conversation coming up. ed: the irobot deal is scrapped and the ceo is stepping down. details on why the acquisition was terminated. caroline: and tech companies are target their hats into the ipo revival ring. we talk about reddit's potential plans and its valuations. first, we talk about companies that are already public and trading. waiting on so much economic data, federal reserve rate decision, a lot to digest, not to mention the earnings coming out this week. the nasdaq up only about 10 points. the 10 falling three basis points. interesting as we anticipate the treasury to be signaling they will be issuing more debt. a little bit of purchasing. this is a bit more geopolitical tension. maybe a flight to safety as we see oil on the downside. concerns of increased tensions in the middle east, not to mention u.s. personnel being killed in jo

caroline: i'm caroline hyde. ed: ed ludlow live from las vegas. caroline: coming up hackers took at the sec at account to falsely announce approval of the bitcoin spot etf. we break down what happened and what to expect regarding today's deadline. hewlett-packard announces plans to buy juniper networks for $14 billion. we discussed the deal with the ceo. and we sit down with ceo's as a tech conference is in the life and soul of technology coverage right now. go to ed in las vegas now. the wealth of discussion around auto. the wealth of discussion around ai was clear yesterday. what do you see being adopted by the price at the moment? ed: day two this morning certainly the new cycle is starting to play out here. you have everybody on the ground in higher concentration from across the industries. we got etv -- ev data for the last months of 2023 and are lots of ev companies hear word about the demand picture. we will have a conversation with panasonic later about that and amazon and twitch news about layoffs is a concern. caroline: and concern about

caroline: i'm caroline hyde from bloomberg's world headquarters in new york. ed: and i'm ed ludlow in san francisco. caroline: nvidia is already unveiling new chips at the annual tech event. details on the company's ai ambitions. ed: elon musk's reported drug use is a new source of headaches for the boards of tesla and x. caroline: instacart will begin showing advertisements on its high-tech shopping carts. in the latest addition to the company's growing business, our interview with ceo fidji simo. looking at the stock market, we had some tentative gains in the nasdaq friday with that mixed data on the jobs front but right now we see the best data since december 21. jp morgan saying after a bit of a selloff, we are likely to see some buying. it is interesting we get this uplift in stock buying in the u.s. when globally that was not the case, particularly in asia. even with china looking to stimulate its economy and allowing banks to lend more, we are still down on the nasdaq alden dragon index. clearly this isn't a global rally. we are going to go into the nuan

caroline: i am caroline hyde at the world headquarters in new york. es las vegas. this is "bloomberg technology." caroline: full coverage at ces. we sit down with the ceos of qualco

and ed ludlow. ♪ caroline: i am caroline hyde at bloomberg's world headquarters in new york. am at ludlow in new york -- in san francisco. caroline: what does it mean for the 1.7 trillion dollars digital asset

and ed ludlow. ♪ caroline: caroline hyde in new york. o. this is "bloomberg technology." caroline: sofi shar

and ed ludlow. ♪ caroline: i am carolyn -- caroline hyde. ogy." caroline: microsoft, alphabet, and amd struggling to meet expe

caroline: i'm caroline hyde. ed: and i'm ed ludlow in san francisco. caroline: it is time to show the impact of a high. we will you know ahead of their earnings. ed: nero link puts its technology on a patient. we have more on the big step that aims to let humans control computers with their mind. caroline: how -- sees the current investing environment for the current era of the internet. let's check in on the market. the jewel reading shows that december was relatively hot. does that mean the fed cannot be pulling back on rates? some of the key companies that will be reporting earnings on the downside. 10-year gilts up as we see the market repricing. gdp in europe coming in better than expected, they managed to avoid recession and only just. the euro completely flat off of the lows. let's look at what is happening in the world of crypto. a lot of key conversations come up .5%. no great shakes, still slowly crawling back up from the $40,000 level. what you have on the micro? ed: it is gametime when it comes to earnings and big tech. you are right to say

and ed ludlow. ♪ caroline: i am carolyn -- caroline hyde. : this is "bloomberg technology." caroline: microsoft, alphabet, and amd struggling to meet expectations. we break down the earnings report and how these tech trains can prove themselves down the road. ed: and should elon musk's payday go away. a delaware judge think so and has voided the compensation package and we speak to the lawyer that beat musk in court. caroline: and these social platforms are before congress today testifying on what their companies are doing to keep kids safe. but first a check in on markets. this is a macro story as we brace ourselves for the federal reserve. some of the data showing that there is die linke back and the labor market is weaker today than yesterday. but remember what the treasury will be doing in terms of debt sales. and will those ease some investor concerns though the nasdaq is being pulled down by earnings. the 2 year yield crushing down some 14 basis points as we anticipate less sales going into the future impacting the front end of the curv

caroline: i'm caroline hyde from bloomberg's world headquarters in new york. ancisco. caroline: nvidia is already unveiling new chips at the annual tech event. details on the company's ai ambitions. ed: elon musk's reported drug use is a new source of headaches for the boards of tesla and x. caroline:

this is bloomberg technology with caroline hyde and ed ludlow. ine hyde at bloomberg headquarters in new york. ed: and i'm ed ludlow in san francisco. caroline: tesla shares slumped after a report on growth rate. ed: we speak to the seat f

caroline hyde is off this week. this is "bloomberg technology."sion pro is officially for sale. why big names like

caroline hyde is off today. coming up, reports that openai ceo sam altman will meet with samsung executives just days after our report on plans to raise billions of dollars for ai chip factories. plus, sony scrapping its deal after two years of drama and delay. details on the still made the lead to the collapse. and a big week for big tech as they gear up to report earnings results. all that and so much more ahead. this is what financial markets look like now. be closed friday with fresh records and we are continuing to build on that. a lot of chat in the market about what the fed will do with rates, but this is a big week for technology earnings to start . netflix, tesla, intel. so insight for some markets we are concerned about, but of course the ai story is also present. then there is bitcoin, an interesting one. it has lost momentum in recent sessions. the euphoria we saw on the market after the postapproval of the etf has faded away. we are now back closer to 40,000 u.s. dollars per token then we were to th

over money and power collide in the silicon valley and beyond, this is bloomberg technology with caroline hyde and ed ludlow. caroline: we are at world headquarters in new york. ed: and in san francisco, this is uber technology, happy 2024. caroline: a brand-new year, on the year, full market coverage ahead, u.s. stocks and bonds look to kick start day in the red. ed: we look at the movers went on the benchmarks as apple dropped amid a barclays downgrade. caroline: the health of the ev market as it is levels behind a chinese company. that and so much more coming up. let us check in on the markets. we had the push and pull of apple and tesla and some of those sales, not transportation but losing when it comes to a key chinese competitor. nasdaq off, this is a global born market selloff. we see in europe in particular. we have corporate issuance coming through, some supply-side issues coming in play here a little bit with the borrowing costs. i we called it right? we will see as many rate cuts as the market anticipates? the market recalibrating that this morning. the world of crypto, as the doll

caroline hyde is off today. netflix makes a big push into live events the $5 million deal for wwe raw. we stick with netflix pushing ahead to results after the bell, a read on what to expect from tech earnings this season. samsung exploring development of a noninvasive blood sugar monitor to compete with tech giants like apple in the race for wearable dominance. there is one main big story this morning and it is the deal with tko, parent of wwe. sources telling us it is a $5 billion deal over 10 years. monday night raw live on the platform starting in january of 2025 but outside of the u.s., exclusivity on a number of wwe brands and pay-per-view events in new markets meaning new eyeballs. i sat down with wwe president nick con. listen to this. nick: we love the fact netflix was able to take a risk with us. they were not able to sports rights. as you said, we are entertainment property is much as we are a sports property. 52 weeks a year live consistent program and an audience that is quite global. if you look at

we have crowd strike president joining us with lumbar technology with caroline hyde and ed ludlow.omberg. ♪ ve to worry about things like changing tax rates or filing returns. avalarahhh ahhh >> 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: at bloomberg world headquarters in new york. ed: this is bloomberg technology. caroline: coming up, full earnings coverage. netflix soars after hosting its biggest subscriber growth since the pandemic. details ahead.

caroline: i am caroline hyde at the world headquarters in new york. ed: and i am ed ludlow live at ces las vegas. this is "bloomberg technology." caroline: full coverage at ces. we sit down with the ceos of qualco -- qualcomm and mobiley. and amazon reveals its new streaming feature. details on that ahead. bitcoin hovers below the 47,000 dollar mark all before the spot decision on the bitcoin etf that we anticipate. all of that coming up but you are live on the ground and it must feel like it is about artificial intelligence. ed: yes. it is ai everything, but the name consumer electronic show, the range of companies bringing substantial avenues about ai is interesting from beauty to big-box. walmart ceo, one of the keynote speakers, i will be speaking to the nasdaq ceo about the impact of ai on financial markets. over the next 24 to 48 hours look at the stocks because we are seeing moves. nvidia based on the announcements that they are making. caroline: maybe amazon driving trade. the cars are still front and center. it feels like cars have encroached

this is bloomberg technology with caroline hyde and ed ludlow. am caroline hyde a bloomberg headquarters in new york. ed: i'm at the ludlow in san francisco. caroline: attacks

and ed ludlow. ♪ caroline: i am caroline hyde at bloomberg's world headquarters in new york. : and i am at ludlow in new york -- in san francisco. caroline: what does it mean for the 1.7 trillion dollars digital asset sector? we will discuss? ed: hertz selling over 20,000 letter vehicles after overestimating demand. caroline: the tech industry is kicking off the new year with some significant job cuts. he will break it down and have more throughout the hour -- we will break it down and have more throughout the hour. we want to get to the market and show you that this is a macro story today. we saw a reversal of some of the crypto names that we will dig into any moment but we are off by one percentage point on the nasdaq. 10 year yields have been unaffected. the bond market reacted less. i'm looking at bloomberg dollar index that redid react to that cpi print -- that did react to that cpi print. let's have a look at what is happening in the asset of choice for today and yesterday, bitcoin. it has had a volatile trading session, almost eclipsing that $49,000 handle. $50 billion

caroline: i'm caroline hyde. ed: ed ludlow live from las vegas. caroline: coming up hackers took at

>> this is bloomberg technology with caroline hyde and ed ludlow. ♪ ed: i'm in san francisco and carolineyde is off this week. this is bloomberg technology. full coverage from the world economic forum as tech heavyweights to send on davos. we hear from sam altman, sit here in a dollar, marc benioff and many more. plus the u.s. supreme court rejects apples bid for an epic app store review. details ahead in the decision that will likely affect billions of dollars in revenue for the iphone maker. microsoft is announcing next phase of its copilot journey. we will discuss the news with the microsoft executive vice president. welcome back after a holiday weekend in the united states. this is what financial markets look like and we start with a shortened week with a lot of fed speak countering what was wall street earnings. the nasdaq 100 is basically flat, softer by one -- 0.1% but the market is looking at the fed speak and sing let's just rethink how many rate cuts or how deep the rate cuts will be in 2024. that has an impact on the technology sector and those indices relevant. bitcoin around

caroline hyde is off this week. this is "bloomberg technology." apple's vision pro is officially for sale. why big names like spotify, netflix and youtube are snubbing the device. ford announcing plans for production cuts for the f-150 lightning truck. the 1400 employees impacted by the pullback. amazon's deal for irobot is expected to be blocked by the e.u.'s antitrust watchdog. happy friday. it is the end of the shortened week. this is what markets look like. nasdaq 100 up a percentage point. outperformance has been the story and semi-conductor shares. so much of that is the ripple effect from what we heard 24 hours ago. we are thinking about 2024. do we see improvement to end markets at all the chips go into. next week is a big earnings week. texas instruments, intel reporting. do we continue the story or do some momentum get halted dead? yields creeping up a little bit. bitcoin back even near to $40,000 per token. there has been a pullback in volatility after the euphoria of the spot bitcoin etf improvements of last week. the single name of th

caroline hyde is off this week. this is "bloomberg technology." apple stock pops on an analyst upgrade despite news of a looming antitrust suit from the justice department. the smartphone giant facing a legal setback in the dispute with masimo. more on the story and interview with the masimo ceo later this hour. samsung unveils a new slate of products to compete with the iphone maker, including an up tracking -- an upcoming health tracking gadget, the samsung ring. apple will dominate the program today. in the equity space apple is the biggest mover to the upside on the nasdaq 100 and the s&p 500. the main catalyst is the upgrade from bank of america from neutral to buy. there is a lot of upside coming with the vision pro. you would have seen loads of images on social media. they have confidence in the upgrade cycle on the iphone side going through 2024. and then there are the more negative headlines. bloomberg reporting, according to sources, that a suit from the justice department in the antitrust context could come as soon as march. four into t

caroline: i'm caroline hyde. ed: and i'm ed ludlow in san francisco. s time to show the impact of a hi

katie: great to see you and you can catch ed ludlow and caroline hyde on bloomberg technology in justver 90 minutes. the new time is 11:00 a.m. eastern. let's welcome back in amywu silverman. as ed ludlow was telling us, we are looking forward to netflix. you look through some of the screening you were talking about and apparently likes screens cheap and it looks at earnings. >> that's exactly right. this is on implied move bases and when we think about options, we are thinking about magnitude. right now it says netflix will move percent on earnings. when you look past eight quarters, it moves on average nine with some moves as high as 14 or 20%. why are options so cheap ahead of this? this is usually an attractive opportunity. katie: it's relative to its recent history but not necessarily fundamental? netflix is screen cheap compared to implied moves and so too is tesla. you think volatility and typically you think tesla. it sounds that's not the case coming into this earnings cycle. >> when we look at every single stock that will report this week in the s&p 500, tesla is the third c

caroline: i am caroline hyde at bloomberg's world headquarters in new york. dlow in san francisco. caroline: a mixed picture on u.s. jobs. we will get the read on the state of the labor market and how ai will impact hiring in 202

caroline hyde is off today. makes a big push into live events the $5 million deal for wwe raw. we stick with

sonali: that is rich greenfield last hour on bloomberg technology speaking with caroline hyde. ors ripping higher. a number of stocks and valuations hitting an all-time high. caroline is here to discuss whether the heat can keep coming ? when you look at the love netflix is getting. it is one of the biggest gains since october. a significant rise. if investors are thinking about what is going to drive the company forward, what ultimately is it about this play that is so attractive? caroline: netflix is firing on all cylinders. this is not so much a question of what netflix is doing right, it is how much they will take away from the competition. the fact so many other companies, think about paramounts, warner bros., how will they do the streaming, or should they call it quits? at what point will they, and how much more money will they pulled into it? but netflix, how many more subscriber growth can we see? they are downplaying how much growth we are seeing in the current fiscal quarter. but netflix has recovered and 2022 was an absolutely disgusting year for the stock. it managed

carolyn: i'm caroline hyde in new york. ed: and i'm ed ludlow in san francisco.lysts caution slowing iphone demand, more analysis ahead. rf: mobile light plunges as they fall short of wall street

caroline hyde spoke to the ceo and joints me now. is this all the platinum card here? : this is the effluent purchaser -- affluent purchaser. they are the users of the platinum, they are able to pay down their debts, and that momentum is strong. that is why they have got record of numbers when it comes to fiscal 2023 and shares are at a record high. he did tell me that they feel great about the 2023 year, they feel great about the momentum going into 2024, and this even within the last two weeks of the fiscal year a $100 million hit from the argentine peso devaluation. that is a big number by any stretch. basically he was saying this just shows the resilience of our business model, that we can take a hit like that and have such great results. sonali: how do you make the expense line make sense as well? how extensive is going to be to invest in the future of mx moving forward -- amex moving forward? caroline: marketing is front and center. marketing is where he's going to be putting money to work. but also technology, and that is the line of questioning i'm going to go w

caroline hyde is off this week. this is "bloomberg technology."yst upgrade despite news of a looming antitrust

. >> this is bloomberg technology with caroline hyde and ed ludlow. ♪ ed: i'm in san francisco and carolineis off this week. this is bloomberg technology.

over money and power collide in the silicon valley and beyond, this is bloomberg technology with caroline hyded headquarters in new york. ed: and in san francisco, this is uber technology, happy 2024. caroline: a brand-new year, on the

innovation, money and power collide in silicon valley and beyond this is bloomberg technology with caroline hyde and ed ludlow. caroline: at bloomberg world headquarters in new york. ed: this is bloomberg technology. caroline: coming up, full earnings coverage. netflix soars after hosting its biggest subscriber growth since the pandemic. details ahead. ed: we break down the results from europe's most valuable tech company and hear from the asml ceo himself. caroline: partaking in a game of bingo. you have to listen into the tesla earnings call to win. that and so much more ahead. let's check in on these earnings. we are seeing reprieve money pouring in on the back of technology to outperform, the nasdaq is up more than 1.1% on the back of it. interesting thinking about china and whether or not stimulus is indeed to come. they will reduce those, reserve requirements will come down. highlighting what's happening at the nasdaq golden dragon. bond market pretty last -- pretty lackluster. move on to see what's happening in the world. what a ride we've had of late. today we are up again, 2%. let's dig

sir: -- announcer: from silicon valley and beyond, this is bloomberg technology, with caroline hyde and ed ludlow. caroline: live from bloomberg world headquarters in new york. ed: and i am also in the big apple. this is "bloomberg technology." caroline: intel plunges after disappointing investors with its forecast. the results. ed: alphabet, amazon, and microsoft facing ftc probes about partnerships with ai companies. caroline: salesforce adding to a brutal string of tech layoffs in 2020 four, announcing it is slashing 700 workers. we discuss that and so much more throughout the hour. the markets are treading water. we have had a mixed bag in terms of overall macro picture. inflation dialing back. retail still going strong when it comes to the consumer. each way could the federal reserve go? we talk about a 10% on the nasdaq. the s&p 500, six street days -- six straight days of gains. yields higher on the front end. people are pricing in perhaps rate cuts coming from the federal reserve at a slower pace. geopolitics in play. concerns about men tech in china. that sent shockwaves into t

they are talking about slowing demand and caroline hyde joints me with the details. >> slowing volumes. sonali: bringing destocked out to the lowest level since july. what are investors holding on to hear? caroline: not much. adam at morgan stanley said this is the least detailed forward-looking guidance you have ever gotten from tesla. they are not giving you how much they're going to ramp in terms of volume. they always said 50% when they didn't live up to it. they are signaling they cannot keep cutting the prices and terms of soothing volume concerns. it is not going to satiate, we are not going to stimulate demand. that is coming to an end. this is signaling you have to get used to lower for a little longer when it comes to tesla which is important because this is an important stock when it looks -- when you look at the magnificent seven. people are worried about volumes, worried about ram, and worried about when they will see a catalyst for change. elon musk is trying to signal it for the moment. sonali: he is signaling he wants more of a stake in the company. explain what is happ

. ♪ ed: i'm in san francisco and caroline hyde is off this week, this is bloomberg technology.um as tech heavyweights continue to descend on davos. we hear from the ceos of cisco, qualcomm and more. the sec

carolyn: i'm caroline hyde in new york. ed: and i'm ed ludlow in san francisco. caroline: analysts caution slowing iphone demand, more analysis ahead. rf: mobile light plunges as they fall short of wall street estimates. full coverage on the economist driving companies guidance ahead. caroline: new data painting a bleak picture for silicon valley. startups saw their worst year for funding since 2019. but first, let's check in on these markets. the resilient job market needs maybe we can't anticipate a fed cut as much as the market had already been pricing in. down only slightly on the nasdaq but it is five straight days, longest losing streak since october 2022. i'm looking at the 10 year yield that basis points. notably we are seeing corporate bond sales meetings obliges ahead, which means of course some of that pricing does fade even with. new york crude up by 1.9%. red sea concerns, middle east geopolitical concerns and we are actually more worried about a global slowdown at the moment, so supply seems to win out. a current look at what is happening in terms of

. ♪ ed: i'm in san francisco and caroline hyde is off this week, this is bloomberg technology.ull covers from the world economic forum as tech heavyweights continue to descend on davos. we hear from the ceos of cisco, qualcomm and more. the sec and coinbase face-off on crypto authority after suing the exchange last july. we will bring the latest from the trial. anthropic is an lying -- analyzing images as it seeks to catch up with big competitors. let's focus on the technology sector in financial markets. the story of the week continues to be fed speak and what we are seeing is traders pair back their expectations for a fed rate cuts in 2024 and how that manifests itself as a loss of red with underperformers in the technology sector. the nasdaq 100 has a number of technology shares but look at the china index. chinese technology companies underperforming. bitcoin kind of caught up in his risk off mentality, pulling back towards 42,000 u.s. dollars per token. tesla continues to be a driver to the downside. that is a stock that is down by 2.7% with price cuts on model y in europe

paul: that was the intel ceo speaking to ed ludlow and caroline hyde.erage continues on "bloomberg daybreak: asia." this is bloomberg. ♪ stitch fix. my stylist gets me. -i don't have a lot of time. i'm a busy dad. my stylist curates unique personal looks that are just for me. kind of nice. i like that. it's easy. give them your size, your style, your budget. -now, this is a nice shirt. i keep what i like and send back the rest. -now my wardrobe stays updated with fresh fits created just for me. did you see that texture? this just feels really good. fits perfectly. -what can i say? my stylist gets me. they get me. and they'll get you too. when you automate sales tax with avalara, you don't have to worry about things like changing tax rates or filing returns. avalarahhh ahhh paul: we are counting down to the market opens in mainland china and hong kong as mainland regulators halt the lending of certain shares for shortselling, part of measures to support something stockmarkets. garfield reynolds joins us now for more. will that work? >> the expectation is

ed ludlow, caroline hyde coming up on bloomberg technology around 90 minutes time. ♪ meets bold new thinkingter) at 88 years old, we still see the world with the wonder of new eyes, helping you discover untapped possibilities and relentlessly working with you to make them real. old school grit. new world ideas. morgan stanley. oh, booking.com ♪ somewhere, anywhere... ♪ ♪ i just want to lie motionless in a chair! ♪ booking.com, booking.yeah ♪ ♪ katie: welcome --sonali: welcome. i am standing by with an exclusive interview with james gorman, executive chairman of morgan stanley, recently stepped down as ceo. your new role as executive chairman. what is your most urgent priority? james: this interview with you. [laughter] it is to support ted. he is terrific, will be a great ceo. my job is to help him as best i can but stay out of it. that is my priority. sonali: you used to handwrite a checklist of priorities at the start of every year. if you think about how you change gears into executive chairman, what does that list look like? james: i did not write it this year. i did that when i was ceo.

ed ludlow and caroline hyde coming up in 90 minutes time on bloomberg technology.ll talk housing market next, this is bloomberg. ♪ you know what's interesting these days? bitcoin. look for bitwise, my friends. i don't want you to move. i'm gonna miss you so much. you realize we'll have internet waiting for us at the new place, right? oh, we know. we just like making a scene. transferring your services has never been easier. get connected on the day of your move with the xfinity app. can i sleep over at your new place? can katie sleep over tonight? sure, honey! this generation is so dramatic! move with the xfinity 10g network. sonali: we are one hour into the u.s. trading session and abigail doolittle is tracking the moves. abigail: we have a serious the klein for stocks. the indices are down heading toward the fourth day semi to come out of nowhere after that massive rally not just in december in the last quarter but last year. we will take a look at why in a moment but let's take a broader look at what's going on. the s&p 500 is down but down less, about 0.7% poin

annabelle: that was intel ceo pat gelsinger speaking to bloomberg tech's ed ludlow and caroline hyde.g up,, desko lai property developer china evergrande is facing a new liquidation in hong kong. we have more on that and china are pretty you can make money the hard way as a bullfighter or a human cannonball... or save money the easy way, with xfinity mobile. existing customers can get a free line of our most popular unlimited plan for a year! not only will you save hundreds but you'll also be joining millions who have connected to america's most reliable 5g network. sure is a lot safer than becoming a stuntman for money. get a free line of unlimited intro for a year when you buy one unlimited line. plus, get the new samsung galaxy s24 on us. annabelle: we are watching "daybreak: australia." let's take a look at the bottom space. futures online, we are seeing them climbing across the board. it tells us perhaps there is a bit of a move into haven trades. also seeing oil prices rising after the u.s. said irani unbanked militants killed three servicemembers near the syrian border. we are

"bloomberg technology" coming up, caroline hyde, ed ludlow.is bloomberg. ♪ you know what's interesting these days? bitcoin. look for bitwise, my friends. air travel can feel like a nightmare. but for one in four americans with disabilities real nightmares happen every day no accessible bathrooms on most flights. 31 wheelchairs damaged daily by airlines. disrupting lives, sometimes for months. so many other barriers to safe travel. change isn't easy, but we can build the world's most accessible travel system. help us make sure airplanes connect everyone. to family and friends. to opportunity. to possibilities. we're easterseals. katie: we are about an hour into the u.s. trading session. simone foxman is tracking the moves. simone: the market has been fearing the prospect of strong economic data all week, we are seeing that potentially reverse because some of the later -- the latest data out, showing some of those cranks in -- cracks in the job market. the theme of the week has been negativity in the stock market. you're seeing some of the large