we are joined by caroline hyde. you and i look at this. two different perspectives. there is the dealmaking under the surface which is where my fascination lies, and then there is this broader technology issue of carrying the platform moving forward. what is of critical importance to you now that we have this decision? caroline: what happens on the 19th? does tiktok take itself dark? like you saw with uber trying to push itself into new locations and stir up the emotions of the users to push it further on lawmakers. or as mandeep singh would say, this isn't going to work anyway. if you have oracle, rather than the law of the land as it stands, they cannot host the website or the app. then the videos are not going to work if the content distribution networks cannot make the video appropriate. it's not going to work. whether or not it is still there as an icon on the app store, apple or google. sonali: the tiktok ceo who we've been talking about has responded in a video message. i will read some of it to you. he says, i want to thank president trump for his commitment

with caroline hyde and ed ludlow. caroline: live from new york, caroline hyde. >> mike sheppard in washington. caroline: the supreme court upholds the law that threatens tiktok's shut down in the u.s.. trump will make a decision, the white house saying the tiktok action falls into the trump administration, according to reuters. ben bain, this is perfectly obvious. the decision expected. ultimately this cannot be distributed by the app stores or supported by oracle and others. ben: the decision specifically, the court was clear about national security interest congress laid out in passing this law, president biden signing it as being more important or the most important thing when considering whether to let this stand versus arguments from a free-speech perspective, tiktok is important from a commerce perspective, whatever percentage of the 170 million americans who use this, they need to rely on it so essentially supreme court said national security is justified here. it falls to donald trump. back to his first term, t

and ed ludlow. ♪ caroline: live from new york, caroline hyde. ke: i mike sheppard and fred ludlow. this is bloomberg technology. caroline: could elon musk be tiktok's savior. nvidia ceo goes to china this week as the company is slapped with the curves on the sale chips abroad. off to the space race. the infrastructure startup out with funding news to operate its satellites in low-earth orbit. we check in on the markets which have not moved around from the volatile perspective on the positive side. inflation or headwinds cooling if you look at the wholesale prices. does that bode well for cpi tomorrow? we have how we impose tariffs on other countries? in particular on china in the next administration. we are trading flat as we have scoop after scoop from the washington-based colleagues. bitcoin fended off risks intimate. trading 2.2% higher. perhaps looking towards where we can see trump in the next administration eyeing crypto. a look at in terms of the individual movers. a key story of the day. we are analyzing if elon musk could take over the u

for more on his comments let's bring in caroline hyde. the fate of the consumer. line: a high-end segment of the consumer. scarlet: a young group too. caroline: this set of numbers ultimately met expectations. maybe people expected more of a revenue boost in terms of guidance for 2025. he said i am sticking to my 8%-10% growth range and shares were at a record high yesterday. ultimately this is a higher end consumer going for a more high-end luxury card having to give away a few more perks. expenses -- expenses ran a little higher. they are looking to win over a millennial and gen z. it is about the future of the buyer. the person who wants to travel, go to hotels. what is interesting is for them the stock market doing well is good for his consumer. he is talking about why he will sustain this revenue run rate and profitability. it is before they think inflation will get under control and the drop support is good. it speaks to a strong stock market and helps the consumer. scarlet: a goldilocks scenario for american express. i am curious about the idea that they hav

scarlet: for more on that conversation let's bring in cohost caroline hyde. unpack. interesting on the idea about videogames. is this what investors wanting to hear? caroline: if you look at the market reaction, the record high dwindled. we are seeing in the biggest selloff for the stock. i had investors say perhaps this is a consumer electronics show. you are likely to hear big picture blue sky thinking about the future applications. everyone here and now in the investor world wants to know about blackwell, the run rate, how it will get into the user's hands. that eight into the run-up -- ate into the run-up in the stock we have seen. the company was built on gpu's. he's going back to those roots. if the company like a company like micron searching today. its own memory chips are going to be within these gaming gpu's. to force --geoforce. it will predict what image is about to be generated and facilitate far better experiences. this is jensen huang trying to articulate yes, there are ai data centers but they are about more. there about gaming, robotocs -- rob

>> this is "bloomberg technology" with caroline hyde and ed ludlow. caroline: live from new york, i am caroline hyde. >> i am mike shepherd in washington. this is "bloomberg technology." caroline: coming up reports of nvidia's biggest customers facing delays adding to concerns of export limits from the white house. i-phone anxiety as research shows sales drop globally. the l.a. wildfires, they rage on with high winds predicted for this week. we talk to lyft about how the company is helping in relief efforts. but first we check in on these markets. mike, we are seeing some risk tone across the market. the nasdaq is off a percentage point. key inflation data. the start to earnings season but really big tech is being dragged lower. i signify two key points drags, one of then apple. research coming out saying look, we are seeing sales down 5%. losing market share 18% globally. plenty more to do with apple. let's dig into nvidia. the most valuable company out there off by 3%. is it interest rate focus? is it the white house in particular finally unfolding w

i am caroline hyde in new york. mike: and i am mike sheppard.emocrat from the state of illinois. thank you for your time. you are one of the co-authors of the legislation now in the justice hands at the supreme court. we are hearing from the arguments on friday that it will likely break in favor of the law. assuming it is upheld, what are your expectations for its enforcement under the trump administration which would be responsible for it? >> i think the trump administration will enforce the law. i talked to the national security advisor who is a friend and colleague of mine from the house. they are as concerned as we are about the chinese communist party being able to control tiktok. we want to see tiktok thrive and flourish but that means we want bytedance to sell tiktok. caroline: you've heard the evidence. we have also heard from bytedance that it is very difficult to separate and selloff and they are saying we are going dark on sunday if this is upheld. you will not be able to access this app. does that worry you for the user base? >> this

caroline: live from new york, i'm caroline hyde. >> and i am mike sheppard. caroline: we dive into the ripple effects in tech markets and the impact on u.s. chip curves. we discussed deepseek's ai model . and president trump says microsoft is in talks to acquire the u.s. unit of tiktok. details later this hour but first we checked the markets and claw our way back, not nearly upsetting yesterday's selloff. we are up just a percentage point on the overall nasdaq. nvidia bounces back but 2% after a 17% selloff yesterday, $30 billion being added from the market cap wiped out by 600 billion dollars yesterday. this is surrounding china coming with a powerful, efficient, cheap open-source model. mike: nvidia called deepseek's new model and excellent ai advancement that complies with u.s. technology export controls and that it illustrates how new models can be created. let's bring in ian king to tell us more about this. this was a rough day yesterday for nvidia. it bore the brunt of the deepseek shock across the markets, yet their statement was curious. tell us your

caroline: live from new york, i'm caroline hyde. >> i'm mike sheppard in san francisco. caroline: special coverage of the chinese ai competitor deepseek and its impact on tech names in the broader markets at large. the market having its worst day in more than a month as we question the need for compute power to get us evermore efficient evermore specific generative ai. we are down 2.6%, this is when we question nvidia. the compute power, the necessity for ever more efficient chips and the cost of them. nvidia with its worst rout in history in terms of market capitalization everyone in the market we have never seen a must have never seen a mostafa trillion dollars wiped out through one single name. this is global. asml down was 6% but hong kong stocks do well as they start to cai as a real champion for china. let's talk about it with mandeep singh who joins us for more. how does this change the game for llm's in the u.s., for chip equipment in the u.s.. mandeep: we look at it from a stack perspective and regenerative ai so far all the value was captured by the chipmakers,

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, it kicks off in las vegas today with a keynote speech from nvidia. we will have the latest on what to expect. disney and fubo agreed to combine online businesses creating the second-biggest digital pay-tv provider sending fubo shares soaring. details on tiktok later this hour. we have breaking news regarding the federal reserve. michael barr will be stepping down as fed vice chair for supervision, a key move. we want to bring in michael mckee. that could be a distraction. a new administration means a new change in leadership at the fed? michael: the incoming trump administration will be less so. michael barr is stepping down february 28 and serve until his successor comes. caroline: prime minister justin trudeau speaking in ottawa. let's listen in. prime minister trudeau: to strengthen the middle class, to advance reconciliation, to defend free trade on this continent, to stand strong with ukrain

>> this is bloomberg technology with caroline hyde and ed ludlow. caroline: live from new york, this is "bloomberg technology." we are getting straight to our top story out of washington. tiktok is at the u.s. supreme court fighting for its future. justices are hearing arguments only nine days before a federal law is said to ban tiktok in the united states. bloomberg's tyler kendall is standing by at the court. is it national security versus free speech here? tyler: oral arguments at the supreme court reaching their one hour mark. lawyers for tiktok started their opening arguments saying this is a first amendment issue, arguing that if the band does going to place it could curtail the freedom of expression of its 170 billion u.s.-based users. no info else -- noel francisco also adding to delay the band going into place. the national security concerns in a brief submitted head of today's argument the u.s. federal government says this is not about freedom of speech because there is still a viable path on the table for tiktok to operate if they divest.

with caroline hyde and ed ludlow. caroline: live from new york, i'm caroline hyde. mike: and i'm mike sheppard in washington. this is "bloomberg technology." caroline: it is all in on a i. up to 65 billion dollars in 2025. a choppy start to chip earnings with semi stocks falling after texas instruments is the latest to underwhelm. we will be talking to frank mccourt on the future of tiktok in the u.s. and his bid for the social media platform. first we check in on these markets. jar still trading near record highs. the nasdaq is up almost 2% over the course of the week but we draw down a little bit as we see the weight of some chip stocks causing anxiety. look at industrial, automotive and markets that prove week. texas instruments falling on, chet a little bit of an underwhelming earnings report. they are seeing smartphone weakness, but ai still managing to drive forward. broadcom is on the higher side when it comes to the stocks. why is broadcom up? because of our next stop. let's take a look at meta today. mark zuckerberg almost running his next earnings report to

caroline: live from new york, i'm caroline hyde. >> and i'm mike sheppard in washington. this is "bloomberg technology." caroline: president trump gives a temporary reprieve to tiktok, granting a 70 five-delay from a u.s. ban. liver from the world economic forum, we will hear from bank of america ceo brian moynihan. but first we check in on these markets. some anxiety being shaken off as we see president take office. the nasdaq pushing up, and deed the nasdaq 100 up .1% as many look to the economic potential of this next administration. however, on the downside has not been some feelings. it coin is up 1.3%. absolutely took off ahead of the inauguration. let's move on to some of the individual points drags, apple being the key one. want to focus in on tsmc. this is its restored operations at factories it evacuated after a 6.4-magnitude earthquake struck the island's south. a key chipmaker to nvidia, and it need to apple, but apple being dragged lower. the worst day we have seen since september of last year. 3.8% lower. why? this is more downgrades coming from jeffries, com

joining us more is caroline hyde. good news for ebay. people have access to the listings. ibility, reach, merchandise volume is the outlook. nothing but a positive thus far. even they are saying it is a positive for ebay. the staying power will be everything. how long this test becomes a reality. as i mentioned in the introduction, they are trying to fight this. not only is there this movement they have to include on the marketplace, you cannot just be a facebook user and allowed to use facebook marketplace, but they have a hefty fine on the back of it. it is still being fought out in the courts. it is a lovely day for ebay stocks. scarlet: in terms of what people are saying whether it is good news or bad news for facebook, -- meta i should say -- is it a negative? the more variety on the facebook marketplace, it is a canvas destination for users. caroline: in many ways it is good. i assume the fact they have to let others in what had been a world garden for them ultimately feels aggravating. they would not be pursuing what is expensive legal fees if they did not feel there

this is bloomberg technology with caroline hyde and ed ludlow. caroline: live from new york, i'm caroline hyde. this is bloomberg toll. we bring you the markets as we remain relatively unmoved. all eyes on scott bessent's appearing before the senate. terrorry pick of president-elect trump. we're seeing government bonds ever so slightly change. down hatch a percent. small moves in the market with treasury secretary scott bessent appearing before the senate. let's go to capitol hill and listen in to this confirmation hearing. here is mr. bessent. >> wealth and prosperity for all americans. my life's work in the private sector has given me a deep understanding of the economy and markets and while in experience will be invaluable in crafting economic policy, i have long adhered to the principle that you should know what you don't know and lean on those who do. having never served in government, i intend, if confirmed, to be in close contact with each of you and your offices and seek your counsel. the treasury department plays a critical role in protec

>> this is bloomberg technology with caroline hyde and ed ludlow. caroline: live from new york and las vegas, this is bloomberg technology. nvidia rise to samsung's rescue. plus, we sit down to sit down the future of autonomous driving in the u.s. -- to discuss the future of autonomous driving in the u.s.. first, we check in on the key movers on the nasdaq and technology spectrum. nvidia currently holding gains of .2%. we have had losses across the chip spectrum, but also we see a bounce back yesterday after the selloff we saw in nvidia. will be see more optimism? meanwhile, impact on all the names that have rallied so hard in 2024, off to a bad start in 2025. it is going to take 50 to 30 years before we get significantly useful quantum computing outcomes. on the upside, jensen to the rescue of samsung, up 3.4% even though the numbers of the last quarter were dismal, but it looks as though the high band with memory chips are so important to integrate into ai accelerators they are coming at a pace. give us the nuance because samsung has lagged behind

with caroline hyde and ed ludlow. caroline: live from new york, this is "bloomberg technology." nvidia takes center stage at ces with new hardware, software, and services. we sit down with jen-hsun huang later this hour. medic cuts its team of fact checkers. in the u.s. places some of giants -- china's biggest tech giants on its own into a blacklist. the key stock you have to watch today, it is the most valuable and it dives by 4.5 percent. nvidia losing its premarket gains. we had touched a record high and then we see the boys day since september. why? we got a whole raft of services -- of products, from pcs and gaming, but is it the here and now? the black l program that we don't get enough detail on? let's head out to las vegas. a big story is nvidia and the ceo unveiling these products. we have none other than a key focus on the gamer, the original customer from jen-hsun huang. have a listen. jen-hsun: we used a geforce to enable artificial intelligence, and now artificial intelligence is utilizing geforce. everyone, today we are announcing our next generation. the rtx black

innovation, money, and power collide in silicon valley and beyond, this is "bloomberg technology," with caroline hyde and ed ludlow. tim: good morning, i'm tim stenovec. katie: and i'm katie greifeld. it's friday, we are both in new york city, welcome to "bloomberg technology. tim: coming up, nick clegg stands down as the head of the meta-technology. katie: and will the supreme court saved the day for tiktok? tim: and tougher scrutiny on exports of technology to make battery materials. all of that and more over the next hour on "bloomberg technology. first, check on the markets. tech is driving stocks higher today, the nasdaq 100 is up 1%, 86 stocks higher led by nvidia, microsoft. on the downside we have got apple lower again. we will be speaking with ryan in a few minutes on their longest losing streak at apple s november, down from the post-christmas all-time high. the big question, katie, can the gains old? we saw the same thing play out yesterday when stocks started out higher and close lower. katie: yesterday was actually the worst trading day of the year. [laughter] thank you for laughing. tim

>> this is bloomberg technology with caroline hyde and ed ludlow. tim: i'm tim stenovec. katie: i'm katie greifeld. this is bloomberg technology. tim: tesla sales drop for the first time in over a decade. katie: the company also in focus following a cyber truck explosion outside the trump las vegas hotel yesterday. we will have the latest. tim: tiktok feeling the heat as a potential ban draws near. we will discuss a little later this hour. first, we will check the markets. i don't know about you but i'm still writing 2024 on all my checks. katie: that is terrible. i think we can safely still say happy new year. i think a lot of investors are happy we. tim: i think they are, although the nasdaq had great years back to back in 2024 and 2023. up today by 0.3%. we have about 70% of the stocks higher today. five of the seven big seven or higher with only tesla lower. you will have something on tesla in just a minute. i mentioned back-to-back to back years of gains. wendy tony for -- the nasdaq 100 was up nearly 25%. 2023, up by more than 50%. speaking of back-to-back to back y