. ♪ ed: i'm ed ludlow in san francisco, in for emily chang.ing up, signing an option to buy a crypto lender. an exclusive conversation on synergies between the two businesses. misinformation moment. one week on from the u.s. supreme court overturning roe v. wade, doctors tell bloomberg, potentially deadly abortion advice is spreading online. and a tesla test. the ev maker expected to report numbers this weekend and a hot streak of records as shanghai shutdowns lead wall street to cut forecasts. first, look at the market, stocks staged a late friday come back, ending april start of 2022 on a slightly positive note. here is bloomberg markets reporter katie greifeld. katie: happy friday. it was a bizarre friday in the market. this chart shows you why. you had bonds in a huge rally, 10-year yields dropping 13 basis points. cash bonds closed early ahead of the long weekend and stocks took off. the s&p 500 finishing over 1% higher, nasdaq 100 up 17%, but stocks, the philadelphia semiconductor index down almost 4%. the first half of the year was bad

ed: in black and white. emily: ed ludlow, thank you for coming through that for us. appreciate it.g service provider unity software is spending upwards of four point or billion dollars to buy iron source, to boot up its advertising technology. the all stock deal sent shares of iron soaring by nearly 50%. unity on the other hand felt by double digits today. bloomberg intelligence sees the deal as a real opportunity or unity to expand its reach in advertising, particularly in app mobile ads. to discuss at all, john. you have been in the gaming industry for decades. what do you have to say to investors who are skeptical that this deal is good for you? john: well, a couple of things. i think we have set out a vision for precisely how this merger, this deal will help us make sure that our customers can make better games and make a better business. and when we improved the business of our customers, we are going to do well. we also sent out three very specific synergies, where we are going to realize benefit right to the bottom line. and we framed out that we expect to see a run rate in

ed: he did. he is an interesting guy.es tell me he is often the smartest person in the room, but comes across as incredibly humble. it is an interesting one. at a tech and media conference, you would not in automotive really fits into that. he is not only automotive executive. mary barra, the gm ceo, is also here. it is a bit of a victory lap. the stock has been under immense pressure since november, but they are still kind of the golden company with serious wall street backing. they are ambitious, and i think that has been part of the street's concern. they talk about being able to ramp production at the illinois facility not just to 25,000 this year, but to 100,000, 150,000 units annually. the end to break ground on a factory in georgia very soon that could build 400,000 units annually. they are going to start production on that in 2024. they have a lot going and $15 billion on the balance sheet. it is really about the quarter by quarter execution. caroline: he did arrive, the ceo of rivian, right? ed: he has been busy

. >> police recorded ed ellerson's interview, during questioning, ed made a potentially important admissionuld do anything for her when the detectives asked me, who would she call if she wanted to disappear? me, i'd be here in however many hours it took me today. >> but he insisted, heather never made that call and there was more. ed told detectives he was surprised by the first question he was asked when initially contacted be i by the police. >> detective kemp, he said, is your girlfriend there? and i said, yes, she's in the back yard. he said, good, okay, so heather's okay? i said heather's not my girlfriend, she's a friend of mine. we've been friend for 20 years. >> if heather and ed weren't an item, what was going on? >> the detective wanted to hear from you immediately once they learned the name? >> yes, oh, yeah, with understand they knew who i was. >> you were an important piece of the puzzle for them? >> yeah. >> detectives learned his relationship with heather went back decades, long before heather married krichls ed says he and letter met in 1993 when they were both teens living

ed: we don't know.rces tell us that omead afshar told some employees to generate the order and told them that it was literally for a secret project. beyond that we don't have much more information. we know that it was generated earlier this year and that the consideration of suspicion around it has been in place for a number of months, first through the internal auditing team and more recently the head of legal themselves who have been looking into it and the involvement of omead afshar. emily: a number of other employees have already lost their jobs over this. is omead afshar, you know, is he going to keep working at the company? go on a leave of absence? ed: according to sources we have been told that people have been fired and connection to this and that the consideration right now is that omead afshar will be put on a leave of absence. we don't have timing on that and we did of course ask elon musk and tesla representatives for comment and you haven't heard anything back. frankly, we don't know the

ed ellington: first question, frank? gerald blessey: ed called on frank thackston first. frank thackston: mr. senator, who, in your opinion, riot and why? ed ellington: the question was, in your opinion, who was the person primarily responsible for the ole miss riots and why? [laughter] robert f. kennedy: that wa an ieresting question. [laughter] frank thackston: who de to be responsible for e ole mi riots? sothing provocative like that. and, of course, he ducked that. robert f. kennedy: can i just tell you a short story? my older brother was in the navy, and he was in intelligence, originally. and he was giving a lecture in south carolina. and he was telling the people what they should do if a bomb dropped. and he said there were two kinds of bombs that dropped and spread fire. one kind of fire, you threw sand on. and the other kind of fire, you threw water on it. but if you threw water on the one that you're supposed to throw sand on, it would spread it. so you had to be very careful. so he made this talk, and evidently it was a great success. and then, at the end, he m

ed: i did online searches and tried to find historic resources.hen there were few streets or homes. ed: our house and our neighbors house had empty fields around it. michael: but to find a car or a horse in their particular driveway before iphone cameras, nearly impossible. and then, bingo. ed: to me it is evident it was a car. michael: this photo from 1938 shows the exact home. ed: this is our house. michael: he can see a car pulling into the driveway or a buggy. ed: this black blob looks like it is pulling into our driveway. michael: ed said it must be a car like all of the other blobs you see along the road. ed: i don't know what else it would be is pretty compelling that was a car pulling in or out of the parking pad. michael: they rusted to the planning department, the proof they needed but they were wrong. judy: they said it was too fuzzy. michael: officials tell us the come -- couple was violent a code banning couples from parking in front of a house, though it is ok to park in front of a garage like this. they say it was enacted decades ag

ed: this has been a weird week. emily: where is my sound effects, ed?] ed: you have alphabet saying lots of search for travel, but they also said travel partners have been seeing headwinds. lots of people are google and where to go on holiday. advertisers are pulling back. the outlook not strong. budget is getting tighter. they are giving the opposite view that the strength in the market is not there. we are getting inconsistency. we are seeing it in the chip sector as well. texas instruments earlier in the week, very good. qualcomm, not so good today. emily: we are also talking about misses in beats by very small margins. alphabet's ad revenue beat by a small margin, facebook's ad revenue missed by a small margin. that sends a big signal to investors. you wonder if they are over interpreting those signals. - you wonder if alphabet is in a better position than meta. ed: yes. there seems to be strength in search. with alphabet, youtube saw growth, but nothing like a year ago. if there is a shining light for meta, this time a year ago, what was happening,

williamscaptain ed. woma captainred. fred: wh's up? won: what'going on ed: all ght. woman:ong timeno see. fred: l right.'all read all rig. yes,ir. williamsme and cf dawn g a wage fredoh, whats it? wiiams: fit fish $. let's get somfish, boboo. da: yes.'m ready willia: so arehere any other ack-ownebusiness like yos in houon thayou know of? fred: nonot commcial fiing. lliams: e realitis, like toet in i'imagine reires a t of educion. fredright. iever in mind woulhave kno anythinabout commeral fishi at all til i would ve gone t with a friend, d then hwas just like"hey, ma just me and check out, yoknow," a go out ther and i'mike, "yo can rely make ney doin this?" willia: yeah. at's hug you ink moreeople wi follo afteyou set e exampl fredi think- think--think oncet's beenntroduce i rely do. ihink--i an, the are number oother gu that do,ike, fisng--like they'rfishinguys, chter captai, and th're blac and they'rtrying tget othe black ople to ally getnto fiing. parof the pblem is justn the inr citiese just dot have tt sort oaccess tooing to e wate most peopleas you kw, in th ho

ed: that's definitely the consensus.bracing for something wrong to go apple and it was a mixed bag. good iphone performance. apples suspended guidance is interesting. you spoke to tim cook. he gave some really clear indicators of how things are going. in china, things are getting better. revenue growth will accelerate the september quarter. that sounds to me like things are improving and investors like what they see based on the reaction. emily: he also said they expect revenue to accelerate in the coming quarter. you said i've had demand was strong, but that was impacted along with the mac but supplied chain constraints. ed: he basically said we are in a recessionary environment, we are going to continue to invest in future bets. it sounds like augmented reality, electric vehicles. but also be disciplined. emily: he used the word deliberate. ed: deliberate about spending. amazon smashed it. everyone is focused on prime because of what walmart and target told us. subscriptions were up. people were paying even though pric

ed ludlow here to break it down. ed: meta, its first-ever sales decline.he stock down 3.5% in after-hours. the option market priced and a lot more volatility. -- in a lot more volatility. a muted reaction. lots of questions around the road forward in terms of control and the restriction side of the company in terms of costs, the advertising market slowing down. i'm also looking at other movers aftermarket. the chip industry a big focus this week, qualcomm lower in after-hours after giving a tepid forecast to the current period that once again has us concerned about consumer demand for electronics. qualcomm a big maker of chips for smartphones. ford absolutely smashing it on the top and bottom line. they boosted their u.s. sales in the second quarter at a time when the industry was seeing declines, saying there was equal demand for both the combustion engine side of the business and the ev side, but there are headwinds coming in the form of inflation and rising commodities costs. on top of all that, we are bracing for earnings. you throw the federal reserve

ed ludlow joins us now.say soccer but we call it football. >> those are my two favorite things. technology and football. we will call it soccer. major-league. mls. you struck a deal with apple. >> they are really thinking hard about where they will be. many of our fans are streaming soccer or football anyway. >> why not a linear tv package with some of the names associated with the last decade? >> we will still have some linear deals. we will announce those soon. it is the combination of linear and games we will have in front of the apple pay wall. most exciting for us is the global subscription channel. this will really break new ground. that is somebody watching the game in sun valley. >> apple reportedly paid $250 million. i don't know whether or not you think that is accurate. there is demand for mls. >> it is a multibillion-dollar deal over time. this is the perfect way for them to be thinking about the life support experience. what it means is a good question for apple. when we were thinking about aggr

i want to bring back ed ludlow.urprising that elon musk would not want to rush to court on tuesday. ed: most of the lawyers bloomberg has spoken to felt twitter had a pretty good case to hold muska to account to the deal -- musk to account to the deal. the expectation is this will be a protracted legal proceeding. elon musk is accusing twitter of having drag its feet over the negotiation of the deal and now rushing to court. the sticking point for him is -- and what people argue -- is twitter was not forthcoming in the timing, frequency, or what they shared on the issue of bots on the platform and he is going to argue that is adverse effect, thus avoiding the deal. emily: we were speaking with a professor earlier who said not surprising that the judge granted this request for a tuesday hearing. what is 20 happen on tuesday will be more surprising. he suggested this trial could be wrapped up by the fall. ed: it is hard to judge how this will go because there is little past president -- precedent. what is fascinating

ed: to me it was compelling it was a car.: this aerial photo from 1930 eight shows their exact home. ed this is our house. : and it shows a car or horse and buggy pulling into the driveway. ed: this little black dot looks like it is pulling into our house. michael it looks like a blob : from above, but it must be a car, like these other cars you see along the road. ed: i don't know what else they would be. to me, it's pretty compelling that that was a car going in or out of a parking pad. michael they rushed the photo to : the planning department. the proof they needed, right? wrong. judy: they said it was too fuzzy. michael the planning department : says it was not clear evidence. it's ok to park in front of a garage, like this. chief dan snyder said it was enacted decades ago for aesthetic reasons, to "ensure front yards don't turn into parking lots." but why enforce it now? he said someone made an anonymous complaint to the city. two neighbors also got tagged for the same violation. in an email, snyder road i recognize the

ed: to most lawyers, they think they do.musk's argument is that there was not enough information handed over on bots. did they or did they not share off -- share enough data? did what they share alter the value of the deal? most say twitter has a good chance. emily: sequoia capital may have $1 million for your idea. the vc firm is accepting applications. they are looking too far -- fund outliers and teach them how to make their idea a reality. walk us through the vision and how you think this sets apart what sequoia is trying to do. >> thank you. this is the new catalyst for -- we offer capital, and you are working along exceptional people at the same stage as you. we are doing this because we know it takes a lot more money -- a lot more than money to create the company. sequoia has had the pleasure of working with some of the best founders. we try to take all of those lessons, mistakes, the journey of the other founders and boil them down into foundational concepts. from product to customer obsession to culture to how to hi

tom: just as ed is talking, the 2/10 spread is out to 28.n priya misra said, if the basis points, i almost laughed her out of the room. jonathan: we will catch up with her later. she is on the fed show. lisa: i want to sit on this t-mobile headline. people are waiting a little bit more to pay back their debts. it goes back to the conversation we are having about credit card debts increasing. how much do we see this coming at a pivotal point, where you see leverage buildup, at a time when consumers don't have as much ability to pay it back? the consumer is not that leveraged, based on history, but something to watch as the cycle enters the midcycle. jonathan: reading the tea leaves. bob michele will be coming up, alongside christian amani. exclusive conversation in the next hour. tom: we can follow up on that in melbourne when we go. jonathan: i will see if they can have us. i will ask it in next hour. later, that that decides. all-star lineup. mohamed el-erian, diane swonk, michael caroli, jeff rosenberg. only one place to watch reaction and

ed: well, i do.uestion how unavailable these images are, certainly at the point at which people come to trial. and let me just make a different somewhat related to the reason why they don't. it is a good question to kind of raise. and i think that it's important for the public to understand the extreme reluctance that editors have presenting these images to them and the idea that they that that news organizations will look for cheap and tawdry and obscene and gruesome images because they believe the public likes that and it'll sell newspapers or enhance audience size is totally false. audiences hate this stuff, and news editors present it to audiences with only the greatest reluctance. so this represents from the part of the media, and that, in my view of courage, they've goto show these images, not because it's tasteful, not because it's something that will advance their own interests as media organizations, but because the public needs to see these things to fully understand the horror that's being

ed: it was the hot ticket.i looked, they were there and some but he wanted to talk to him. they brought some electric vehicles with them. to sun valley, you had attendees crowding around. but i am told that on thursday night, tim cook, the ceo of apple, borrowed one of the pickup trucks with a gang of people and went into town for dinner, which is interesting, because as we have reported at bloomberg, apple is looking at its own electric vehicle potential he. in the world of tech, it is interesting to see who was looking at who and who is spending time with it. caroline: indeed. what a small world it is over there. ed ludlow, looking in on everyone and what they are up to. we thank you so much great electric vehicle expert there. let's get back to the key story of the day. shares tumbled after elon musk walked away from his $44 billion deal to buy twitter, setting the scene for a disruptive legal battle. our next guest says that while twitter is well-positioned legally, elon musk is looking for any excuse to ge

>> like tim said, ed knows more about oil than i do. there's a 90% chance that oil remains above $75 through 2023. it's a timely long. it's the first time in a really long time you can see energy is oversold trading above the average. 20% is the cutoff there. so certainly oversold. the valuations aren't that demanding. i think you could be early here but at the same time maybe the most important thing is that credit in the energy space remains very well behaved so. that tells me the bond market believes energy prices will remain high enough to support the fundamentals of the energy sector. >> coming up, as the key recession gauge goes up, it's putting pressure. can you trust the row bound. we're breaking down the move when "fast money" returns. now you're making smarter decisions faster. operating costs are lower. and everyone from your auditors to your bankers feels like a million bucks. let's create smarter ways of putting your data to work. ibm. let's create another busy day? of course - you're a cio in 2022. but you're ready. becaus

ed: you know, that is certainly the right summary.he sales side at least has given us -- has given a sigh of relief around inflation risks and amazon demonstrated with prime that there was some resistance to the inflation picture. online sales missed but net sales overall, particularly in north america, beat. what is interesting is prime day sales on july 11 where this quarter, yet in the results they reported, they showed strength in prime subscription growth even though they raise prices in the u.k. and europe. you are right. andy jassy is refocusing this company's aws, where they beat, advertising beat as well, and you have this operational expense cutting, making it a leaner, meaner machine for whatever it does next. kriti: let's talk about the apple story, because together they make up over 10% of the s&p, both sector proxies in their way. they said demand is still there but they are dealing with macro headwinds. but do we -- what do we take away from this story? ed: it speaks to the strength and health of the higher end consumer

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and now, live on tape from the ed sullivan theater in new york city, it's stephen colbert! ( band playing ) ( cheers and applause ) >> stephen: hey, how are you. thank you very much. voice of an angel, voice of an angel. hey, everybody! thank you very much. ( audience chanting "stephen" ) hello! thank you very much, folks. good to see you here. ♪ ♪ ♪ please take a seat, everybody, thank you so much. ladies and gentlemen, welcome one and all to "the late show." i'm your host, stephen colbert. ( cheers and applause ) folks, today, congress dropped episode three of the january 6th committee hearings, in prime time: 1:00 p.m. on a thursday. now, there was a bunch of video testimony, a lot of documents, a lot of questions of the two live witnesses. and this is what we learned: all the lawyers knew that overturning the election was a crime. they all told each other that they knew it was a crime. they all told everybody in the white house it was a crime, including the president. they told him, "sir, it's a crime." and he said, "thank you for clearing that up. now, let's go do that

are you crying uncle ed? no! a little. only from xfinity.eatable internet made to do anything so you can do anything. this is xfinity rewards. our way of showing our appreciation. with rewards of all shapes and sizes. [ cheers ] are we actually going? yes!! and once in a lifetime moments. two tickets to nascar! yes! find rewards like these and so many more in the xfinity app. >> new today from highland park, illinois. the committee shaken by a deadly mass shooting on the 4th of july is slowly returning to normal life, even as funerals and memorials are still underway. this morning, the governor called for a change to red flag laws, as well as national bans on assault weapons and high capacity magazines. >> there is no reason why someone should have 90 bullets at the ready, 30 in each of the cartridges that he used. but is just something i don't think civilians should have. and i have talked to police since the shooting, who would tell you that the size, the caliber of the bullets which were being fired is much larger than the sized caliber a

ed: that was a profit warning. second-quarter net income guidance, very far below consensus. the root of the problem is vehicles built without semiconductors, there are 95,000 gm vehicles on a piece of concrete somewhere in the united states that are missing chips, and you can't pass that on to the consumer until the chips come forget the important point being they did in for your guidance, and they will her bubbly make up lost ground and sell those vehicles by year-end. guy: you can't book it is a prophet, can you come until the keys have been handed over? ed: exactly. that is why the 2q number was revised downward, but the stock is under pressure. it shows, in contrast with micron, where there was waning demand, the car industry is still grappling with this shortage in the relationship between the car industry and the semiconductor makers is clearly still quite strange. there is still a shortage in tight inventory for all kinds of ships -- all kinds of chips that are going into these cars. guy: final subject, elo

cnn's ed lavandera has a new report here on cnn.icy made the way they want it and they get it. >> now to sign the law. >> the average voter doesn't know what's happening behind the scenes. >> a texas bill targeting lgbtq plus children. >> they want to keep it secret. >> the texas law banning abortions. >> they really believe they've been given a mandate by god. >> he has set us free from the law. >> they want to destroy the public school system. >> we are not contending against flesh and blood. >> the money is all tied back to the same people. >> follow the money. >> i am not comfortable with the transgenders. >> more than 90% of your financing came from billionaires. >> we're going to go inside and see if he'll talk to us. >> is it about control? >> senator ted cruz. >> and power? >> it is a russian-style oligarchy pure and simple. >> ed lavandera joins me now. a russian-style oligarchy pure and simple. this looks terrific, ed, it looks like you uncovered a lot of very important information. tell us what you discovered. >> the goal

ed ludlow, with the analysis.xpert analysis from a senior analysis on twitter, dan ives who has a rating neutral on twitter and a price of $38.79. 12 month price target of $43. you are a busy man. what do you make of this walk away? dan: caroline: caroline: for twitter -- dan: for twitter, it is a nightmare scenario. stocks will be $25 to $30 on monday. they face a brutal court battle with musk. this has been a circus show in terms from the beginning. it never made sense as to why musk wanted to buy it. now the way it ends, it really puts them into a hard place. the street is going to really have a hard time with this in terms of twitter being viewed as damaged goods. caroline: i am interested, and originally when we were talking to david westin, $44 billion was deemed fair value for overall twitter. i think it was said by goldman sachs. why do you have a price of $39? how much has that -- how much of that has eroded since elon musk put in his offer? dan: $44 billion from the beginning never made sense. that is wh

>> ed o'keefe in israel tonight, thank you. the "cbs overnight news" will be right back.fter years on the battlefield migraine attacks followed me home. nurtec is the only medication that can treat and prevent my migraines, all in one. don't take if allergic to nurtec. most common side effects, in less than 3% were nausea, indigestion, stomach pain. treat and prevent, all in one. most bladder leak pads were similar. until always discreet invented a pad that protects differently. with two rapiddry layers. for strong protection, that's always discreet. question your protection. try always discreet. as sensodyne scientists we make sure we listen. people tell us they are looking for ways to invest in staying strong and healthy. it's why we created new sensodyne nourish. it uses science that actively nourishes and strengthens teeth. you can start using it today. new sensodyne nourish. ♪ >> announcer: this is the "cbs overnight news." >> i'm nikole killion in washington. thanks for staying with us. the summer travel season is now in full swing, and it seems a lot of airlines ar

doddie and ed, the last few hours, ed has spoken very strongly, _ last few hours, ed has spoken veryon for the betterment of others. chris, shall we talk about _ betterment of others. chris, shall we talk about the _ betterment of others. chris, shall we talk about the fact _ betterment of others. chris, shall we talk about the fact that, - betterment of others. chris, shall we talk about the fact that, with i we talk about the fact that, with mnd, we have spoken a lot about it with people from the rugby world, but there is no link, there is no causal link, but it is the rugby world that seems to be embracing this and going into the research and highlighting the need for research. absolutely, i think it is important to say that the exact cause of mnd remains unknown, and there have been a number of studies that have tried to determine some kind of link between sport or fitness or the causes of head impacts from contact sports, but actually, there isn't currently enough research to draw any conclusions or suggest any words between rugby and mnd, and i think thatis between rugby and mn

ed, it's great to have you on the program this morning.here. >> thank you, maria. maria: i want to get your take on inflation and what you are expecting from the consumer price index in the upcoming week. do you expect it to continue to be elevated? >> well, i don't want to say we're going to get june's cpi report and it's going to be the bad news again. i think it'll be up something like 1.1%. that's the headline inflation rating that includes food and energy. i don't see any point of taking food and energy if out since that's what we -- all of us have to spend money on. and that's going to be over an 8% inflation rate. i do see some hope that with the recent decrease in commodity prices that starting in july and august we'll see more convincing signs of moderating inflation. but that inevitably will be somewhat relates to -- related to a slowing economy and in some areas a recessionary economy. maria: so, ed, what specifically are you focused on in terms of the costs that are rising the most? we talked about the essentials earlier, food,

we got a muffin for ed! all right! you don't need those calories. can we at least split it? nope.rity that helps protect your devices in and out of the home. i mean, can i have a bite? only from xfinity. nah. unbeatable internet. made to do anything so you can do anything. photo of himself working remotely while he recovers from covid. this morning mr. biden's doctor said the president's symptoms have almost completely resolved. >> cnn's m.j. lee joins us now. the president is staying busy. he's participating in several virtual efferents today. >> reporter: that's right. today marks day four of isolation for president biden, and earlier today we did get another update from the president's doctor who, as you said, said his symptoms have almost completely resolved at this point. he has a little bit of congestion, some hoarseness in his voice still, but his vitals remain totally normal, and he is going to finish his course of the antiviral medication paxlovid. according to his doctor, the letter also did note that the president is taking precautions and trying to be careful so as not

we have a lot of news to get to tonight and cbs' ed o'keefe will start us off from saudi arabia, goodporter: with the bump of two fists, president biden today gave media-savvy saudi crown prince mohammad bin salman the viral moment he's been seeking. the president was reluctant to meet with m.b.s., as he's known, having denounced him publicly after u.s. intelligence confirmed the saudi leader ordered the murder of one of his critics, washington post columnist, jamal khashoggi. mr. biden said he raised the killing at the start of his meeting with m.b.s., where the fist bumping continued with other top us officials. >> i was straightforward and direct and discussing it. for an american president to be silent on the issue of human rights. is this consistent with anything consistent with who we are and who i am? >> reporter: mr biden was asked how m.b.s. responded. >> he basically said that he-- he was not personally responsible for it. i indicated he probably was. >> reporter: there was a clear difference of opinion, confirmed by saudi minister of state for foreign affairs, adel al-jubei

ed: yes, definitely concerns about inflation and recession.he public market volatility has spooked people here. private market investors across private he can yet and venture capital basically feel like some of them they want to keep their powder dry and some of them you look for opportunity and people remind me out of the 2002 dot-com, companies were born like google and air bnb. they still see the consumer globally as having money to spend and streaming is an interesting one. when times are hard and inflation is high, what do you give up? to me it seems obvious i cancel one of my many subscriptions, i got all of them and watch a lot of tv, you know, guy. but they are confident that the consumer will keep spending across telecommas well, the broadband and mobile phone, that's what the liberty c.e.o. told me as well. definitely these are the big pictures we have on top of mind but there's careful optimism. kriti: i, too, ed ludlow, have all the subscriptions and thank you for the update from sun valley, idaho. we're waiting remarks from presid

ed yong, pulitzer prize-winning science writer at the atlantic.book is "an immense world: how animal senses reveal the hidden realms around us." and we will into your piece in the atlantic "is ba.5 the 'reinfection wave'?" democracy now! is looking for feedback from people who appreciate the closed captioning. e-mail your comments to outreach@democracynow.org or mail them to democracy now! p.o. box 693 new york, new york 10013. [captioning made possible by democracy now!] ÑcÑcÑcÑc [water dripping] [indistinct chatter] man: just watch your steps, yeah? voice-over: most of the people that work here, they used to work at mines before. so when the mine decides to shut down, they have nothing to do but to go down there and dig for themselves. [coal crunching underfoot] man 2: we find that coal is our national resources. it's the only thing that can generate electricity at this point in time. woman: the own

, subsequent we [ bleep ]ed two more.t's one, two, three, four people. >> he [ bleep ]ed my butt for a lot of years, lot of years. >> i'm going to put it like this. we [ bleep ]ed each other's butt. how about that? >> name something you might start doing if your new neighbors are nudists? >> depends but i might [ bleep ] them. [ cheers and applause ] >> sean: we've got a good show for you tonight. online sensation b. scott is here. we have music from meghan trainor featuring teddy swims. and we'll be right back with natalie portman. [ cheers and applause ] ♪ >> announcer: abc's "jimmy kimmel live," brought to you by subaru. (dad) ohhhhoooo.... (man) woah, woah, woah! no, no, no, no! ugh... (woman) huhhhhg.... (woman) ughh. ohh... (dad) no! ohhhhhh. (man) ugh, ugh, gaaahh. (woman) n, n, n, n... uggggg... (vo) don't worry. you may feel every ding, but your subaru's value won't. the subaru outback has the best resale value in its class. (man) check please. kinder bueno. it's crispy. it's creamy. it's not your average chocola

ed ludlow is here with the very latest. ed: interesting session. 494 stocks in the green, that's the breath and rally we haven't seen since march of 2020. if you look at the outperformance, the nasdaq up 3%, its best performance in more than three weeks. that is as risk on appetite took over. beyond that point, its highest level in a month. the markets speculating now might be the time to come in and buy. earnings with a really interesting dynamic. if you show the results from ibm, it was one of the worst performers, down 5%, after its could take -- after cutting its four-year outlook for free cash flow. some of the software companies, the strong dollar really weighing on ibm sales, its top line. twitter closing up 2.8%, it had been up as much as 54% after it was granted an expedited trial in a delaware court. and netflix -- you and i love talking about netflix because you and i love so me the shows. they are up 7% after hours because they lost fewer subscribers than they thought they would, 970,000 versus the 2 million the

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ed: certainly, particularly apple where there is hiring being frozen.hese are companies with strong balance sheets in this move by apple was seen as somewhat conservative. if you don't subscribe to the tech watch, you might miss that. we've gone from thinking about the growth narrative to protecting the bottom line at all costs. many of these companies are trying to on wind the boom they went through during the pandemic. they become bloated in many areas and there are many duplicates where they have two people doing the same job and the environment has changed eckley and you wonder how closely the language will be watched on how cautious they are about the second half of this year and whether hiring freezes turn into job cuts. anna: thanks very much for joining us. we had some breaking news on the grain front. in istanbul, we understand the russians and the ukrainians have talked about getting grain that's been trapped in ukraine out. the u.n. secretary general talked about this. we will get more details as to what that means. we have a guest in the sec

ed: earnings season hitting us in the face. the nasdaq 100 down 0.5% for a second day of declines following a negative end to the week. the philadelphia semiconductor index, or sox, also lower 0.7%. even with the administration giving talks with business leaders about bringing the production of semiconductors back into the u.s. and the progress they hope to make with the chips act, looking for optimism, 1.4% on the nasdaq. a local media report out of china says beijing regulators are looking at scenarios and data driven approaches and ways to avoid the delisting of u.s. listed shares of chinese tech companies. that sending u.s. listed shares of chinese tech companies higher overall. yields are back to two point 8% on the 10 year. this is a bit weaker, i hope you are ready because there is a lot coming our way. let's take a quick look at the calendar. this is what we are bracing for. monday a reprieve, but tuesday, wednesday, thursday, these are the biggest names in technology coming at us with earnings. but also their outlook.

up 15% on eds plants. -- eds plans. volvo down despite a beat in terms of second-quarter earnings.id demand in terms of momentum and they are able to pass on some of the input costs they are struggling with. asas gaining 11% after resolving a dispute with their pilots. they can focus on financing plans. they did file for bankruptcy protection in the u.s. earlier this month. >> apple is said to be planning to slow hiring and spending growth with some divisions as they cope with the potential economic downturn. sources have told bloomberg that the decision comes from economic uncertainty though it is not a companywide a lessee. apple is still planning a productive -- and aggressive product schedule. bhp has joined rio tinto in signaling more headwinds to come. slowing global growth due to the war in ukraine, europe's energy crisis and tightening monetary conditions. it also said cost pressures would linger in the coming 12 months. rio tinto made similar dire remarks last week. goldman sachs will slow hiring and reinstate annual reviews that were suspended during the pandemic. the ceo

and now, live on tape from the ed sullivan theater in new york city, it's stephen colbert! ( band playing ) ( cheers and applause )

let's see what happens. >> plenty to come from ed ludlow.e are going to be going back to sun valley in a moment. let's get you up to speed with a verdict in the former president of sarin us and the ex-boyfriend of elizabeth holmes. he was found guilty. the decision comes six months after homes was convicted. he faces as long as 20 years in prison. we may return to sun valley in just a few more moments. much more ahead from new york and idaho, this is bloomberg. ♪ >> let's get back out to sun valley where many of the world's top business leaders are gathering to talk deals. we have a special guest. >> i do. the conversation in and around sun valley is a big picture one about inflation, recession, private, public markets, startups, venture capitalists. i am delighted to be joined by general partner and cofounder of a stock capital. given that, explain where we are in the world now. >> an entrepreneur and an investor, i am not a macro person. i am old enough to have been through a few cycles of ups and downs. i think we are just in the beginnin

ed is back with the latest headlines. look at the nasdaq golden dragon china index which is an index of the u.s. listed shares of chinese tech companies down 2%. on track for their worst week since may. the big report on thursday was that alibaba executives have been summoned by regulators over data theft coming from china's police database. that has ignited more concern about regulatory crackdown of tech companies in china. we will talk more in the show about what the u.s. is doing to make itself more competitive strategically against the chinese technology sector. on monday, there were regulatory fines placed on chinese companies. the u.s. listed shares of chinese tech companies have started to outperform the nasdaq 100. starting to feel better about regulatory environment in china which is helped boost the index because of course, they had a third wave of covid and covid restrictions in the country which eased the boost to the tech sector as well. we are starting to get bloomberg exclusive reporting citing sources that

he is not wrong in the op-ed that there has been more stability. more countries are coming into an alliance essentially against iran, and i'm sure as important as gas prices are and energy are, this is another top priority. and the more that he can solidify the region against iran, the more progress there will be in trying to remake some of what had been done with the iran deal originally. >> so we've listed a number of topics that will be the focus of his visit. i'm wondering what it would take for you to consider this trip a success. >> my guess is there won't be anything to come out of it because it's really long-term diplomacy that he's engaged in. so the measure for success obviously in the short term would be something with energy prices within the united states, but this is a long-term project and the goals that you have outlined creating stability in the region, creating stability against iran, these are going to take years. i don't think we're going to know in the next month if this was a success or not. and obviously the more that he can

sullivan. >> ed sullivan, yes.my grandmother laugh, my mother laugh, and i just, that always just stayed with me. and then after college and everything, i just hated every job that i had. and this was like, this is not what i want to be doing the next 40 years, come on. i'll just end up being a raging alcoholic if i stay here this long. >> stephen: you can do both. >> i can do both. >> stephen: yeah, a lot of people do. >> yeah. so, yeah, so i just remembered like how much i loved comedy, how much i loved making people laugh. >> stephen: do you have early memories of making people laugh? >> yeah, i knew i had something when i think it was the 6th, 7th grade, we were having a block party and the neighbor across the street, all the gentlemen, throwing them back a little bit too much-- he was retired. the man fought in the war. and he fell, he bumped, cracked his head open basically and all the other adults were a little sloshed too, so one woman was sober and they were like wanda go with her to take him to the milita