announcer: thg "bloomberg technology" with caroline hydroxychloroquine and ed will ludlow. ♪ carolinelive from new york, i'm caroline hydroxychloroquine. plus u.s. treasury secretary scott bessent weighs in on a.i. productivity and his relationship with elon musk and the c.e.o. of carvana joins us as the stock sinks on lower gross profit per vehicle but first we check in on the markets and they're also sinking. currently off by more than a percentage point. we're still digesting some of the points drags to to the downside. palin tear being one of them. the effects of less spending in the military means for some of these tech names. we also see amazon weighing in a points perspective and nvidia. but have a look at some of the individual names that are really key line on the higher side. and it's the chinese names that do well. once again today, alibaba absolutely soaring at one point ummore than 13%. we're up 9% on the moment on the american depository receipts. really a.i. demand, cloud, we're seeing growth of 13%. seeing ecommerce come back as they charge more fees overall. we want t