i am paul sweeney in new york with caroline hyde. welcome to a special edition of "bloomberg markets." this is simulcast, radio and tv, doing it from the radio studio, which is an awesome radio studio. markets, futures, a little bit of green on this black friday. s&p up about eight points, dow 24 points, and nasdaq 21 points. black friday, everyone is shopping. vonnie quinn out at macy's, we talked to her earlier. caroline: i felt like the rather wet parade was synonymous with how some were feeling. paul: great point. i was surprised looking at the parade, people were out and about. it did not stop anybody, not the bands. caroline: did you do a turkey trot? it was packed. it was raining cats and dogs at 8:00 a.m. when i hit the road, and everyone showed up. rain or shine. paul: what was it, 5k, 10k? caroline: just a little 5k. paul: are you a runner? caroline: i am in terms of running for trains. 5k, exhausted. paul: we are going to break down some retail outlook, break down what is happening in the market. we have some 2025 forecast

innovation, money and power collide in silicon valley and beyond, this is bloomberg technology with caroline hyde and ed ludlow. caroline: live from new york this is bloomberg technology. chinese tech stocks enter a their market. baidu under pressure. amazon boosts its stake in anthropic, investing another $4 billion in the openai rival. in the ceo of binance discusses bitcoin and the impact of a trump white house. first, we check out the markets. the little bit of caution and sensitive trading on the last day of the week. we are up .10% and the nasdaq 100 is up. we are looking at the golden dragon in china and we have seen that the trade is on the downward trajectory. and we are looking at the tech focused u.s. etfs and you cannot really check how chinese tech names are doing. if you look at the nasdaq golden dragon we are up 1.8%. we want to dig into the anxiety. we have baidu and pdd really on the lower side due to their earnings and weakness. they sold off and we are up by 2.6% on the u.s. adr as well up -- off by 5%. all of this as we see the pdd pledging to keep investing amid rising compet

innovation, money, and power collide in silicon valley and beyond, this is bloomberg technology with caroline hyde and ed ludlow. caroline: live from new york, this is bloomberg technology. bitcoin soares close to 90000 and then pulls back as tech markets show signs of fatigue. where next for the trump rally. tesla takes a breather after a 40% surge. are the elon inc. investors overdone? first, we check in on what is a slight pullback from what has been a phenomenal rally across tech companies and crypto down by .1%. tesla drags us down from a planes perspective after a very rapid run-up. at one point, this number was so close to $90,000. we draw back somewhat after we see technical signs of overbought. overall, we are also seeing a pause in the realities that have been a more than 100% jump in bitcoin so far this year and more than 3 trillion dollar market capitalization of the ecosystem in and of itself looking at digital assets. we have come far and may just a bit of a pause. sonali: the $90,000 level is one to watch. i would say what is incredible is even those in the crypto community watched

innovation, money and power collide in silicon valley and beyond, this is bloomberg technology with caroline hyde and ed ludlow. ♪ caroline: live from new york and san francisco, this is bloomberg technology. president-elect trump and elon musk are in washington. we dissect the extorting political role. ed: we speak with a key investor in swiggie, the list landmark indian ipo. caroline: softbank will build a supercomputer with the blackwell design. first, the markets. i shine the light on bitcoin. we are back up into the right. now including $92,000, a record run up 30% since this time last week when we got the results of the u.s. election. ed, you are looking at other assets the trump trade is back on. ed: and the elon musk trade. tesla down a percentage point having opened remarkably higher. it is the stock more than -- up more than 30% since election day. what we know according to bloomberg reporting is that musk will be with president-elect trump in d.c. for minis with house republicans. prior to that, president elect is due to meet with president biden. let's get to washington, d.c. and kail

innovation, money, and power collide in silicon valley and beyond, this is bloomberg technology with caroline hyde and ed ludlow. caroline: live from new york and san francisco, this is bloomberg technology. it is election day and the tech policies and applications that you need to know about on the last day of voting. ed: plus, shares jump as they post record product amid unwavering ai demand. caroline: apple smart glasses, the internal study codenamed atlas as it follows snap and meta's lead. as people head in person to the polls, big tech is leading the charge. nvidia and tesla are on the higher side. big tech also drives from an earnings perspective. what are you watching on the micro? ed: palantir shares of ontrack for the biggest jump since february. what is astonishing is out of nowhere this is a company with $114 billion market cap. it is all on revenue in the quarter gone, little more than $700 million or the narrative is incredibly clear. unwavering ai demand from corporate america and the public sector. let's get to palantir with mandeep singh. where would you like to start? the story o

of where innovation, and power collide in silicon valley, this is "bloomberg technology come go caroline hyde and ed ludlow. caroline: live from new york and san francisco, this is "bloomberg technology." nvidia, looking to become the most powerful tech company. intel will be removed from the equity benchmark. ed: cyber officials one day from the u.s. election fight to curb voter distrust. caroline: and the risks on ai chat and miners, claiming the character ai was responsible for the death of a 14-year-old, we check in with that lawyer. we check in with markets on edge ahead of the u.s. election. i'm shining a light on crypto into bitcoin because the nasdaq is not doing very much and many feel that this is a proxy for the trump trade. what are you watching? ed: if you news items out there. one that you mentioned, right? nvidia being added to the dow jones at the expense of intel, driving the name higher. as you point out at this moment in time, it has leapfrogged above apple in terms of market capital. we've got more of that to show in a nice chart. looking at tesla, it had been down more si

from the heart of where innovation, money, and power collide, this is bloomberg technology with caroline hyde and ed ludlow. caroline: live from new york, this is bloomberg technology. nvidia falls on reports of further design snacks with its black while chip line-up as the chipmaker reports earnings later this week. tesla shares are rallying as the trump team looks to ease self-driving rules. it was a glitch start to netflix's push into live sports. details from the tyson-some -- tyson-paul fight. the latest selloff since january. we get a reprieve. it has been a volatile start of trading this week. we went lower at the start of trading and now we push higher. bitcoin once again on a tear. citigroup saying the biggest driver for crypto is the equity market, but now we are up 3.5% off that selloff and almost back at those record highs. we move on and this risk on attitude. tesla is up 7% on a story surrounding the inner workings of the trump administration and what it means for a full self-driving autonomous vehicles and the federal law that will come into shape. it is good news for tesla, ma

innovation, money, and power collide in silicon valley and beyond, this is "bloomberg technology" with caroline hyde and ed ludlow. ♪ caroline: live from new york, this is "bloomberg technology." coming up, will google be forced to sell off its chrome browser? we discussed the latest in the latest -- we discuss the latest. plus, improving controls on roadblocks -- roblox. spacex readies for another starship launch with president-elect donald trump set to attend, but first we check in on these markets. despite the geopolitical headwinds, russia, ukraine, we push higher just about 0.1% on the nasdaq one higher, higher still on the nasdaq. that is to straight days of gains when looking at big tech -- two straight days of gains when looking at big tech. let's go into the intricacies of what is happening with google in terms of its price point because we started off the day trading lower. anxiety around the building antitrust crescendo around this particular company, and maybe we push into the green up 0.4%. is there a slight relief rally that it is not being forced to sell off android? we get into it no

that includes our bloomberg technology coanchor, caroline hyde. ave all the numbers at play on what a big move this could be. caroline: 25 members of the s&p 500 that an 8% move by nvidia would actually eclipse in terms of capitalization. it is funny, there is a note out there that says crypto is macro now. crypto is three times less the size of the market than nvidia. minutia is going to be not only about what the third quarter looks like. about 10% quarter on quarter, but what about the fourth quarter, what about supply-side issues that we keep on hearing being the issue for blackwell? are we able to see a putting to bed of any of those anxieties? sonali: design side and supply-side and overheating all feel like fairly large issues. however, a lot of that was telegraphed to some degree. he's been so good at brushing off the concerns but these concerns in particular, you think he is going to be able to do it this time? caroline: the bar keeps going higher and fire -- higher and higher. they do need to keep forecasting that ultimately the demand fo

announcer: this is bloomberg technology with caroline hyde and ed ludlow. caroline: new york and san francisco bloomberg technology, we end the week in the red. the trump trade invades. ed: alibaba reports growth in international and cloud units offsetting week sales in the china e-commerce business. -- weak sales. caroline: also spacex. we are having a lower end to the week. the risk off focus, trump trade, euphoria dying, fed reality, bets for a cut to 50%. we are all 3%, the worst week since the beginning of september for the nasdaq. four days of losses. the worst seoing back to april on a back to back basis. bitcoin manages to power higher on the week. seven-day version of this. what are you looking at on a micro basis? ed: but here and now is about tech earnings. applied materials, the biggest u.s. maker of chip equipment. it's given us a weak outlook. the stock is down. alibaba, adr's seeing anemic growth in e-commerce in china, the domestic core business. we will dig into that more. earnings is a story and the big one nvidia next week. caroline: novem

announcer: this is bloomberg technology with caroline hyde and ed ludlow. caroline: tech stocks a lead to new highs. we discussed the drivers. ed: chip demand. arm and qualcomm give mixed signals. caroline: the c-suite take on the election. let's get back to markets. the nasdaq 100 finally reaches a new record yesterday. the likely magnificent seven drives this. ed: november 5, astonishing day to report. lyft is up 27%. strong outlook. they are finding their niche despite their big brother also doing well. qualcomm has treated choppy. arm is now up 5.5%. consumers in china are buying higher priced handsets. caroline: china, they key focus for the macro going forward after the results of the election. we see big tech leading the benchmarks. jess: the biggest player. nvidia coming up november 20. we've already had earnings from meta, microsoft, alphabet, amazon. data centers and fixed assets, around $59 billion with those four in the third quarter alone. on the back of election results, there are questions about what this could mean for biden's chip act, parti

innovation, money, and power collide in silicon valley and beyond, this is bloomberg technology with caroline hyde and ed ludlow. caroline: live from new york this is bloomberg technology. pc sales are stalling causing dell to fall. plus softbank wants to boost its stake in openai, looking to buy 1.5 billion dollars in shares from the startups employee. and wicked and gladiator ii have kicked off what is likely to be a strong season for cinemas. first we check our markets. we have a strong set of data in the economy. we still have pce, the gauge of consumer price points coming in where we expected, 2.8% growth. that is still strong and maybe we get a more cautious fed into a rate cutting cycle. we see a selloff in the markets as perhaps that is the changing of the guard with the federal reserve you. big tech sells off the most. nvidia down more than 3%. what leads us lower on the s&p is some the earnings we've got. let's look at what is happening on the likes of dell, hp, both key drags on the s&p 500 today. dell of 12%. both of the signifying the recovery in pc demand is not really happening at t

i am caroline hyde in new york. ed: i am ed ludlow in san francisco. e looking at benchmarks overall. we have been trading sideways since a run-up post election, when people wanted to dive back into big tech. we are back .2%. bitcoin coming off of its highs. 93,000 eclipse, now back to 88,000. back to the individual movers. disney up 7% on the back of its earnings, doing well. nvidia, the leader of the pack if you are looking at points, up 1.7%. more earnings out of asia signifying the demands for ai is still there. nvidia rises ahead of that. tesla pulling back from its recent highs. the trump train has been there for tesla. analysts saying they should sell equity, raising the price target to 300, which is down from where we are. ed: back to disney earnings. the cfo told us he is optimistic about the streaming landscape in particular. >> we feel optimistic as the industry is coming together that we will get subscribers. in addition to that because of the value we have because of the great product we are putting into the service, we will be able to deal

innovation, money, and power collide in silicon valley and beyond, this is "bloomberg technology" with caroline hyde and ed ludlow. ♪ caroline: we are live from new york. this is "bloomberg technology." tim cook visits china and on its importance to the tech company. plus we will look at what is behind tesla's postelection stock search, is it fundamentals or hype? and bitcoins rally stalls out after reaching nearly $100,000. we will speak to kristin smith from blockchain association. market indigestion mode, up a quarter percent on the nasdaq 100, coming down from earlier gains. a holiday shortened week here in america so we will anticipate perhaps liquidity being less than it has been. up across the entire benchmarks this morning. it is all about supermicro, up 13%. last week, we had the company on a tear. confirmation that bdo usa will become a focus on its financials, looking through the auditing. also they are trying to remain in the nasdaq. a lot of hope going into this stock. nvidia off by another 3%. it was lower after earnings last week and we continue to see profit taking and maybe some con

innovation collide in silicon valley and bought -- beyond, this is "bloomberg technology," with caroline hyde and ed ludlow. caroline: live from new york and san francisco, this is "bloomberg technology." bitcoin rallies past 84,000 to reach a new record high boosted by the election outcome. we're next for crypto? ed: tesla shorts, a losing bet. caroline: and we talk about the future of defense tech and american dynamism with katherine boyle. first, a check on bitcoin. the story of the day, leaping further, another 5% higher, eclipsing 84,000, never been seen in terms of numbers. it is the same reasoning behind it. sonali basak is talking us through the u.s. being the capital of the crypto planet. what do we need to see in the short term to keep vindicating this level? sonali: one thing is watching the flow. it's been dramatic. stunning not just into bitcoin but every stock related to bitcoin as well. over seven days coinbase is up 75% over seven days with microstrategy up board now today than it was the day the trump victory was announced. that is just how much you are seeing excitement arou

innovation, money, and power collide in silicon valley and beyond, this is "bloomberg technology," with caroline hyde and ed ludlow. caroline: live from new york, this is "bloomberg technology." coming up, intel secures an eight billion dollars grant for its u.s. chip factory expansion after months of trying to convince washington it can execute on its vision. california proposes state incentives for ev buyers which could exclude tesla's models. social media companies push back against new legislation in australia that is going to the courts that could limit teen usage. first, let's check on these markets. we are currently higher. we are managing to short off some of that anxiety in around geopolitics. we are going to break it down for you later, big tech managing to lead us higher. the s&p 500 on track for another set of records. the nasdaq is up for four straight days. we want to look at some of the individual movers. we have some drip feed around earnings that have come after the bell. i want to look at zoom and another key chipmaker. zoom down 7.9%. did not live up to expectations in terms of its

i am caroline hyde in new york. ed: i am ed ludlow in san francisco. omes to fed rate cuts, the election outcome, we are completely unchanged at the nasdaq 100. seeing big tech on top after those electoral results. trump media back higher today. it dropped 20% yesterday. maybe rumors that president trump could sell off some of his earnings. he said no, he fights back and says he is holding. up 9.5% on the day. i am looking at pinterest, up 15%. we are seeing pinterest with double-digit revenue growth. 40% earnings growth on adjusted earnings per share. the forecast looks a little bit weak. we are worried about advertising trends and spending on ai that my top $500 billion. spending is also a worry for airbnb. they are managing to show pretty good numbers for their fiscal quarter. not so for paramount. revenue on the downside. down 5% year-over-year. a company in transition. we understand the deal with edison will be tied up by the second half of 2025. good tv results relatively speaking. ed: let's get some team coverage. if you go under your bio on the

i am caroline hyde in new york. we have the nasdaq 100 off more than a percentage point.e lower in terms of appoints percent -- in terms of appoints perspective. nvidia is off 1.5% when looking at the overall market cap erosion of the business as we anticipate the all-important macro event that is there earnings. fiscal third quarter, will we see that increase in revenue. are we going to see up to $37 billion in terms of revenue for the fiscal fourth-quarter. there could be an 8% move according to options trading on the stock, which would be $300 billion in market cap in one day alone. what else is moving? crypto. there is the risk on sentiment that drives us up another 1.5%. this as it is more about the feel-good factor around future policy in the united states and heavy buyers continuing for the balance sheet. let's talk about it. it spent a lot in terms of lobbying for candidates across party lines and those efforts have paid off. a group that tracks the result says 265 pro crypto candidates work elected to the u.s. house and 20 in the senate and now they are looking a

i'm caroline hyde in new york. ed: and i'm ed ludlow in san francisco.a week reflected in the markets. look at the nasdaq. it is a 1% decline over the course of the week, which technically is the biggest disruption since the first of september. earnings is a part of that movement to both the upside and downside, but folded in some economic data and the fact we are bracing for an election next week, there is a lot going on. the three names we are looking at are the big ones. earnings last night was wild in terms of three names that reported at the same time. starting with amazon, really pushing higher. biggest jump since february of this year. strength in aws, but going into the final three months of the year. apple down. grew everywhere in the world apart from china. and intel is really pushing higher. really difficult quarter gone. some hope in the outlook for the quarters to come, but they are still behind in that key market of ai accelerators. investors looked past that. caroline: it is amazing how investigators -- investors are navigating any of this

looking forward to your coverage alongside caroline hyde when they go through some of these issues.biggest companies on the planet, if you could own one or run one, that would be a win, but we are talking multiple platforms. lisa: spacex, tesla, x, the ai company he is starting and potentially will have his advisory role, so at what point will upon -- policies benefit him versus the broader industry? you are seeing auto manufacturers in the u.s. getting a little lift, not like his, but it doesn't seem to mean in the market size that this will be wholesale terrible for carmakers. annmarie: i would like to know where this to truly and he says he can cut from the u.s. government is coming from. because even if you fire everybody, you're not saving $2 trillion. jonathan: i imagine he feels pretty good about that this morning, we will speak to our guests next. jonathan: here is the first upgrade, chris harvey, was fargo, raising the price target on the s&p from 5535, they say that paint trade is in rotation. let's talk about what is happening on the small caps. absolutely flying into the

carolin no. mr. casey, aye. senators voting in the negative -- barrasso, boozman, capito, collins,ornyn,cotton, cramer, crapo, daines, fischer, graham, grassley, hoeven, hyde-smith johnson, nnedy, lankford, lummis, marshall, moran, murkowski, paul, roun, scott of florida, scott of south carolina, sullivan, thune, tillis, wicker, and young. mr. risch, no. mr. markey, aye. the clerk: mr. mcconnell, no. mr. lee, no. the clerk: ms. stabenow, aye. the clerk: mr. brown, aye. mr. schumer, aye. the clerk: mrs. britt, no. mr. budd, no. mr. schmitt, no. mr. mullin, no. mr. rictts, no. mr. cruz, no. the presiding officer: the mr. humer: mr. president. i move t proceed to execuve session to csider calendar the presiding officer: the qution is on the motion. a senato i ask for the yeas and nays. the presiding officer: is there a suicient second? there appears to be. the clk will call the roll. vote: the clerk: ms. baldwin. mr. barrasso. mr. bennet. the clerk: mrs. blackburn. vote: mrs. blackburn. mr. blumenthal. mr. booker. the clerk: mr. boozman. mr. braun. mrs. britt. mr. brown. mr. budd. msbutler. ms. cantwell. mrs. capito. mr. cardin. mr. carper. mr. casey. mr. cas