how does chuck robbins feel? k: i remain optimistic, but i'm thinking specifically about the importance of technology to our customers. emily: looks like we lost chuck robbins joining us from cisco live. we will work to get his shot back up. right now, we will had to break. clean base slashing 18% of its workforce. our darker days ahead? are there any bright spots left for crypto. we will discuss. this is bloomberg. ♪ >> a number of people are trying to figure if they should get out. i don't think we have natural buyers. i think we have natural sellers and nobody knows what the bottom is for that. he also have a bit of pain in the crypto space. ♪ ♪ >> we are seeing sentiment at an all-time low. i don't think i've ever seen people feel this negative about the industry. that said, there are plenty of crypto firms hiring. we were seeing layoffs for sure but this core ideology that powers this movement is intact. emily: that was nick carter earlier on bloomberg. the dual shaking that p5 in ways that may have serious r

how does chuck robbins feel? k: i remain optimistic, but i'm thinking specifically about the importance of technology to our customers. emily: looks like we lost chuck robbins joining us from cisco live. we will work to get his shot back up. right now, we will had to break. clean base slashing 18% of its workforce. our darker days ahead? are there any bright spots left for crypto. we will discuss. this is bloomberg. ♪ >> a number of people are trying to figure if they should get out. i don't think we have natural buyers. i think we have natural sellers and nobody knows what the bottom is for that. he also have a bit of pain in the crypto space. ♪ how will your business adapt to change? you could hire an office full of peyton mannings. what's up, peyton? good morning, peyton. hold for peyton. they'd huddle.... welcome to the peytonverse. such a visionary. game plan... you go. no, you go! and call audibles... double our investment in omaha! omaha! omaha! omaha! or you could use workday. omaha. the finance, hr and pl

we will be back tomorrow with cisco ceo chuck robbins and jen hyman.ave to ask about the market meltdown and what it means for consumers and for enterprises. don't forget to check out our podcast that you can find anywhere you get your podcasts from. i'm emily chang in san francisco. this is bloomberg. ♪ as a business owner, your bottom line is always top of mind. so start saving by switching to the mobile service designed for small business: comcast business mobile. flexible data plans mean you can get unlimited data or pay by the gig. all on the most reliable 5g network. with no line activation fees or term contracts... saving you up to $500 a year. and it's only available to comcast business internet customers. so boost your bottom line by switching today. comcast business. powering possibilities.™ hi, my name's steve. i lost 138 pounds on golo and i kept it off. so with other diets, you just feel like you're muscling your way through it. the reason why i like golo is plain and simple, it was easy. i didn't have to grit my teeth and do a diet. golo'

cisco ceo chuck robbins was on the show earlier this week. i asked for his perspective. take a listen. chuck: we are always planning for different scenarios but we have been through enough downturns that we have playbooks and know how to deal with those appropriately. emily: now, cisco is one of the companies that hit its peak in the dock dom --.com boom. the stocks never recovered. you were to their for over a decade -- worked there for over a decade during the.com boom. i wonder how you reflect on the fact that cisco has never from a stock perspective going back to what it was? mike: there are a couple things that contribute to that. it's true. it was incredibly unpleasant to $80 a share to nine dollars a share in six months when i used to work there. but i think a couple factors are happening. in cisco's case, you look at where cisco is today. they are a single-digit grower, 5%, 3%. fundamentally what happened there was, yes, there was a downturn. but in parallel with that the technologies they were purveying became more broadly available to monetize competitively, etc

this is a company that is searching for its destination. >> jim, you talked to chuck robbins of ciscod i think heard some relatively encouraging things about supply chain. let's take a quick listen. >> it is temporary and we're seeing -- you see the news we're starting to teal the fact they've opened up soon and hopefully we see that flowing through. i think that's a temporary issue. you know, there's a few other -- we're still cautious, but there are a few other positive signs we're beginning to see in the supply chain side of things which hopefully will continue to improve. >> is that the most constructive you heard him in a while >> the most constructive of all people i've heard. i think that chuck thinks that things are getting better. he thinks that we're all too gloomy, that we're talking ourselves perhaps into a recession. by far, the most stalwart person other than the people who were in cybersecurity, i mean, you have the palo alto and he would tell you this is the best of times. he's no dickens. he does believe things are great. chuck was very upbeat and chuck thing v thinks

we will be back tomorrow with cisco ceo chuck robbins and jen hyman.o ask about the market meltdown and what it means for consumers and for enterprises. don't forget to check out our podcast that you can find anywhere you get your podcasts from. i'm emily chang in san francisco. this is bloomberg. ♪

i don't want that to happen. >> that's what chuck robbins said at davos a couple weeks ago. >> yeah. we can talk ourselves into recession. i was out with a bunch of young people and all they want to know is what month. it's like they have a betting pool let's go to draftkings and see if jason robbins can't give us a when the recession starts. maybe we pick a day. what were you doing in new jersey how did that happen? >> you're in san francisco and i got -- >> did you cross the hutchinson? >> yes, of course. putting finishing touches on the documentary, still work being done >> when is that? >> by definition, when you go out with people, they're going to be younger. i want to make that clear. >> absolutely. but younger people worried about recession and what day >> they weren't -- you push through them and then you actually get rates higher and you normalize things how many year the fed wouldn't take all costs to keep us from having -- >> servicenow, huge company. we'll ask frank today on snowflake, but huge company, saying please, understand, this is not 2008. there are forms of rece

involved on the deal would not confirm the agreement and no comment from musk yet >>> cisco ceo chuck robbins weighing in on the supply chain concerns and destruction with soaring inflation. here is robbins with jim cramer last night >> i think there is demand softening in the market that is freeing up in other areas of the market pcs as an example. we all know. so you are seeing come ponents available because of that. the stuff that we go after together >>> despite stock struggles, ark's invest cathie wood is adding tesla to her shares wood says she added at least 50,000 shares of the ev maker to her fund autonomous technology and robotics fund and the next generation internet fund the question is, brian, how or what will investors extrapolate from the move? some say cathie wood getting into the market is great taking advantage of lower stock prices. we he have also seen her etfs nt doing well. >> looking for brighter days ahead. seema mody, thank you very much. >>> now to the markets and your money. don't tell anybody we might actually have a positive week for the big stock averages with tw

. >> that's cisco's chaim and ceo chuck robbins.money" is back after the break. >> announcer: coming up, it's been anything but high octane for this cloud player? is there relief in sight for okta find out next. at adp, we use data-driven insights to design hr solutions to provide flexible pay options and greater workforce visibility today, so you can have more success tomorrow. ♪ one thing leads to another, yeah, yeah ♪ (ted) after talking and texting for years, we got married... so you can have more success for the family plan. (jane) and then we really expanded our family... for the wireless savings. (ted) it seemed like the responsible thing to do. (jane) and then, just yesterday, my sister told me about visible. (sister) yeah, get unlimited data for as low as $25 a month. no family needed. (vo) family plan savings without the family. get visible. single-line wireless with unlimited data for as low as $25 a month. - i'll buy stocks on margin i don't even know what that is - sure sounds fancy! - invest! (buzzer) - [narrator] inve

you know, the concept of reporting you pioneered it chuck robbins from cisco, everyone said the sameow long, how deep, and they're talking about the recession. they like our program. they watch it. i think that's good, they get up and watch it. >> they do they do. >> we have the texts to prove it from many of them during the course of the show, which is always nice. >> they're all hoping, everyone is hoping that we'll get more positive, and i keep telling them, we're tv people, we're not the fed. carl, there's not much we can do i don't want to contribute to the fact that there are too many engineers. let that be the take away. there are not enough engineers for ten years. now if you want to get a degree, i think you should go for fashion and business. >> i wonder if that will change the leverage i want to come back briefly to a conversation we have been having for two years, which is back to the office a year and a half since we have all been back in various places. we got to go to deese, carl, we can't have that conversation we'll do it later. >> by the way, i'm hypnotized by the s

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