terrific panel for deirdre mccloskey.thank you so much for coming in 50 years of hearing about american revolution, i have never heard this take on it. and that's wonderful to hear a little revisionism. as i was really struck. you said following the facts. i i completely understand. when you said the declaration of independence was written to present the case in the most ideal, idealistic terms and thereby recruit people to the cause. it it sound a little bit. alright. so here's another piece of propaganda very much like the propaganda that is around it in all wars. but as i understand, your you are not claiming that these people were not legitimate idealists or you know anybodyu8 can get wrong what the economic consequences are going to be. have. that's exactly right. they were i was they were idealists. there's no question about it. they were driven by ideas ideas matter more and yes. well, not more. that's kind of a meaningless statement, but there, there, there. very powerful in history and then politics. but i'm a st

before him, we'll hear from professor deirdre mccloskey. holds the cato institute's isaiah berlin, chair of liberal thought. she's a distinguished pross emerita of economics and of history at the university of illinois at chicago. her myriad books include the bourgeois virtues, ethics for an age of commerce and i think most recently, why liberalism works. how true liberal values produce a freer, more equal, prosperous world for all. but first, we'll hear from christopher demuth. chris is the heritage foundation's distinguished fellow in american thought and heritage's b, kenneth simon center for american studies. but in this building, we think of him first and foremost as president of aei from 1986 to 2008, following his public service in the reagan and nixon administrations. every day on my way into the building, i turn and i see chris. the statue of chris smile at me as i walk in. chris, it's nice to see you in person so why don't you go first? thank you. thank you. you've all. it is easy events of the american revolution and found in the

nbc's vaughn hillyard is reporting from phoenix, v nbc's deirdre bosa is reporting from san franciscoikle is still with us. vaughan, donald trump appears to be striking while the iron is hot post verdict with his base as i said. where is the support coming from in this big fundraising swing? >> reporter: right. tonight it's going to be in san francisco. potentially upwards of in excess of $10 million. this is in the heart of silicon valley and for donald trump ultimately donors who are able to contribute potentially hundreds of thousands of dollars each. for donald trump this is going to be crucial here. after an enormous fundraising month in the month of may, especially in the days following his guilty verdict, when the campaign says it raised in excess of $40 million is the super pac hauling in tens of millions of dollars itself, this for donald trump is an opportunity heading into the summer not only to get on the campaign trail, this is his first stop in the state of arizona since october of 2022, he will be holding a rally in las vegas on sunday, but in between these two public e

deirdre? >> we're going to get to some of those reflections on that deal.rt with today where some 10,000 people today in san francisco, you just stepped off the podium where you announced a bunch of different artificial intelligence features. it's both a threat and opportunity. how will generative a.i. help your design users and programming users? >> it's a great question. thank you for having me. and thank you for coming. we just got done with our keynote. we announced the a.i. features, you mentioned, just to illustrate what we announced, it was things like prompt two design but also all sorts of features that help designers move past road blocks and speed bumps in their creative process. i think that if you zoom out, the trend that we're on for software is exponential. there is more and more software getting created every year, as the world is digitally transforming. and i believe that the trend is actually just that we're just at the start of that exponential curve. and in a world of a.i., more software is going to be created than ever before. and so i

deirdre bosa is here to break down the details for today's "tech check."onfirms that softbehavioral is go-- they're going on the ai offensive and perp perplexaity is a darling in the -- it did so largely in late-stage rounds, inflighting valuations, many of which were ultimately unsustainable. another buzzy has struggled with competing tiff turnovers. it found a lifeline from a group of investors including john parker and co-2 manage, that many traditional vc investors considered to be silicon valley outsiders. so this space is as hot as ever, kelly and tyler. the real north star is openai, which has overcome many, many controversy, many leadership challenges to sign deals, and it's even proving to provided them with some competition for the likes of microsoft, even. >>> i think it's so exciting that so much money is being poured into startups, some with little to show for it. it's this idea, and perplexity as an example, it has a business model, it charges a subscription fee for a more advanced version of it. . that's a promise of this company, for exampl

and thanks to deirdre and vaughn as well for the reporter.t happened when a former trump adviser steve bannon was ordered to report to prison? this happened today. coming up next, we will tell you what the judge ordered ban non's lawyer to do in court. >>> later, what president biden warned on the 80th anniversary of d-day. >>> plus, what prosecutors tried to argue on day four of the hunter biden gun hearing and what beau biden's widow said about finding the gun. we are back in 90 seconds. i was stuck. unresolved depression symptoms were in my way. i needed more from my antidepressant. vraylar helped give it a lift. adding vraylar to an antidepressant is clinically proven to help relieve overall depression symptoms better than an antidepressant alone. and in vraylar clinical studies, most saw no substantial impact on weight. elderly dementia patients have increased risk of death or stroke. report unusual changes in behavior or suicidal thoughts. antidepressants can increase these in children and young adults. report fever, stiff muscles, or c

deirdre, thanks so much.s from the hamptons on "power lunch." don't go anywhere. ♪ music ♪ ♪ unnecessary action hero! ♪ ♪ unnecessary. ♪ was that necessary? no. neither is missing your daughter's competition to do payroll. with paycom, employees do their own payroll so you don't have to miss your daughter's big day. time to shine. get paycom and make the unnecessary unnecessary. the future is not just going to happen. you have to make it. and if you want a successful business, all it takes is an idea, and now becomes the future where you grew a dream into a reality. the all new godaddy airo. put your business online in minutes with the power of ai. new projects means new project managers. you need to hire. i need indeed. indeed you do. when you sponsor a job, you immediately get your shortlist of quality candidates, whose resumes on indeed match your job criteria. visit indeed.com/hire and get started today. >>> good afternoon, everybody. welcome to a special edition of "power lunch." i'm tyler mathisen at un

deirdre bosa has that story in today's "techcheck." >> exactly. not all is equal.le the trend of pricing has been up and to the right for the most part, spotify occupies a unique space and that is very stickier, that is audio. data shows less than 1.5% of spotify users canceled subscriptions in the month of april. video streamers, though, they are more fickle. data showing 35% of users who cancel, they actually return within one year. the number of serial churners has more than tripled since 2019. spotify is also focused on audio where its main competitors are mega caps with giant other, more profitable businesses, of which audio complements. take amazon at the center of that flywheel is e-commerce. prime subscriptions are meant to get users to buy more stuff. over the years, they've beefed that up with faster delivery, grocery, pharmacy, video and audio streaming is another perk. apple music, likewise, that is meant to keep users inside the iphone ecosystem. audio isn't the entire ecosystem itself like it is for spotify. to that point, antenna looks at the surviva

it has definitely taken a step down those are two things to mark and then daly who just talked to deirdre bosa and also gave a speech, also talked about gathered weakness they have to watch. we're going to watch to see if the others in the parade, there's daly talking about the potential response if inflation is indeed higher or lower or the economy weakens more than expected but we have had some weakness in labor and fed officials are making note of this they're not necessarily pivot to go a different outlook, scott, on monetary policy, they're not saying, well, okay, the data is weak, we need to cut they're saying we're seeing some weakness and now it's time to maybe think about changing potential policy. >> i mentioned the parade of fed speakers, the grand smarr marshall of the parade, the fed th chair himself talked about the two-sided risks of keeping policy too tight for so long he said it more than once, too it's clearly on the mind of policymakers they've gotten us this far, what most people would say was reasonably successfully and they don't want to overstay their welcome and ru

deirdre bosa has the details. >> hey. that's right.housands of car dealerships across north america. bloomberg reporting this according to a person familiar that a group that claims to have hacked cd k global the software provider to the car dealerships has demanded tens of millions of dollars in ransom. bloomberg reports that cd k is planning to make the payment according to that source familiar. also adds that in the early days of any ransomware attack discussions are fluid and the situation could change at any time. that is the latest and that cd k hack we know according to bloomberg it's ransomware. >> thank you. deirdre bosa. >>> coming up a rough week in crypto where bitcoin could be heading and how the proxy players are holding up. that's next. "fast money" is back itwn o. (vo) what does it mean to be rich? maybe rich is less about reaching a magic number... and more about discovering magic. >> university of maryland global campus is a school for real life, one that values the successes you've already achieved. earn up to 90 und

tripe was filled with gold balls and thousands of works of us, including paintings by rembrandt, deirdre, and fall to charley. shortly before the end of the war, american soldiers discovered the boston the mind and moved it to the central collecting point in response to the following year. and if the gc was back in the spotlight as the district now they don't get back up, they didn't put any email data or they got it. i think i saw them definitely enough. in the postwar period, she became an icon of the early federal republic. the good gemini, so to speak. when you see the pictures, it almost seems like a longing for a septic affection of the old, the doc he is. it's a kind of therapy you'd say viewing of it. so that's how these pictures seem to some unsound. so come, i'm disappeared and gave the method tc eventually would turn to the need since 2009. she's had her own room and the noise museum, the need and is the undisputed stop the chip sion collection. she's a big ahead of the c team, a long seen as part of jimmy's cultural identity. she's also the cool, the very successful marketing

ticket seller is working with citi and wells fargo on the planned listing being led by morgan stanley deirdreatives for seatgeek, citigroup, and wells fargo declined to comment. you can follow all of the latest company buzz on your bloomberg terminal. take a look at these markets. the s&p 500 is pretty much unchanged. very slightly higher if you are optimistic. you look at the sector level and leading losses you have big tech with the nasdaq 100 currently unchanged. you are seeing the sox pair some of its loss, the philadelphia semiconductor index, still off by more than 1% on this thursday morning. coming up, skyhigh adventures. we will talk to the ceo of bark air, the first airline catering to canines. this is bloomberg. ♪ how am i going to find a doctor when i'm hallucinating? what about zocdoc? so many options. yeah, and dr. xichun even takes your sketchy insurance. xi-chun, xi-chun, xi-chun! you've got more options than you know. book now. - after military service, you bring a lot back. to civilian life. leadership skills. technical ability. and a drive to serve in new ways. syracuse uni

deirdre, thank you.te it. >>> coming up, first solar gained 29% between may 21st and may 22nd, after ubs called it an overlooked beneficiary of ai-driven energy demand. since that call, shares up 39%. we'll talk to the analyst behind it and g t oeram hetheth nese likes next. >> announcer: "techexec" is sponsored by comcast business. powering responsibilities. . a team that's highly competent. i'm just here for the internets. at&t it's super-fast. reliable. you locked us out?! arrggghh! ahhhh! solution-oriented. [jenna screams] and most importantly... is the internet out? don't worry, we have at&t internet back-up. the next level network. i sold a pillow! your shipping manager left to “find themself.” leaving you lost. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates matching your job description. visit indeed.com/hire i don't want you to move. matching your job description. i'm gonna miss you so much. you realize we'll have internet waiting for us

de deirdre bosa, we appreciate it. >>> the car rental company is selling debt and convertible bonds. company already debt-ridden has been looking for ways to raise capital as it tried to recover to stake its fuch our electric rental vehicles, teslas, that is. >>> coming up, they say a rising tide lifts all boats. shares of the western giant boot barn up 65% this year thanks in part to a boost from beyonce's hit album "cowboy carter." we'll speak to the ceo of boot about that and more. >>> plus, the walmart effect. the retail giant of bentonville, arkansas, booming with economic activity and we'll get a live report and nvidia's record rally and the stocks are cooling a bit today and we'll key into that and more when power lunch continues spitely right now. champion iron offers a rare solution to decarbonize the steel industry. which represents up to 10% of global emissions. the company recently doubled production capacity at its mine in eastern canada. it is now investing to produce one of the world's purest iron ore. enabling green steelmaking without the use of coal. controlling a l

. >>> some new develops in the new strategy deirdre bossa is here with more.charging apple with failure to apply at the law that takes aim as large firms they look at gatekeepers up app store is accused of now lets developers -- it's preemptive and could fine apple as much as 10% of the worldwide revenue. it under scores this idea that e-regulators have more teeth than their american counterparts last week the company said it will likely not rule out new gen ai features. in a state apple says it made changes to comply with the dma and is confident that their plan complies with it here in america, though, apple is going ahead with the newly veiled strategy. the "wall street journal" reports that apple and meta somewhere held talks about how to integrate meta's model into apple. they've tension in the past. so is apple opening its ecosystem to more players? it's made a deal to bring chatgpt to apple phones, on the other hand, the journal said it will keep a cut of that. my own takeaway is apple's gen ai strategy is also -- apple is basically telling us users the