ed: and i am ed. caroline: full ordinance coverage, we hear from the ceo of rivian on earnings and push ahead to important disney results after the bell including a whole host of other tech names. ed: we work appears that he in bankruptcy court. details ahead. caroline: shares of take-two interactive after reports that they will release details on grand theft auto six. all of that and so much more. let us look at what is happening in the markets. after the run-up we have had, the best set of gains back to back since november 2021, we are taking a moment of calm. money is still going into the bond market as we speak, an anticipation of some dovish homes coming from one key, fed chair powell is likely to speak out in a panel. inflationary pressure just does go down into the commodity space, down 2% and in fact below the $80 level we have not seen that since back in the heyday of the summer. geopolitical angst easing off a little bit when it comes to the quantity space. look at what is happening for the

ed: mr.a you outlined se says that when the board friday fired sam altman they said fact artificial intelligence. why was that the conclusion you reached? vinod: because sam is uniquely qualified to shepherd this and has a vision over the next decade or two of what ai can do. i cannot imagine somebody else being able to step in those shoes easily and without a lot of risk to the mission of what openai was. ed: chris: --vinod, when i posted you are coming on the show there was a lot of interest. you are the first venture investor in openai. there is a very specific question post for you. forgive the framing of the question, but it's what the audience asked. what happens if sam altman gets hit by a bus? what happens if sam altman is discovered to have had some wrongdoing? what happens to openai in that scenario? vinod: there are other people at openai that are very qualified to do that. greg brockman would be among my favorite in the current openai team. i think they should do you risk this by

ed: welcome back to bloomberg technology. ed ludlow in san francisco.aroline hyde in new york. halfway through the trading day, a little bit of profit ticking. the nasdaq up, not quite a percentage point. up .9%. the bond market seeing significant action up seven basis points. remember how fast we've come, the best month for the bond market since the 1980's. you are seeing an everything rally. everyone anticipates the federal reserve to start cutting as soon as may. the risk as set of choice in the technology market bitcoin is currently off by .1% as the dollar kicks up a little bit. it has been a story of dollar weakness in november. some of the individual names on the day, shining a light on some of the key movers, a now 8-year-old startup from china, this is alibaba. more than $188 billion. i'm looking at what is happening in terms of numbers. doing well before the market and pulling back even though they posted gains. this is about electronic automatic -- automation design around the world of chips. they might be selling off parts of the business. w

ed: i'm ed ludlow. this is bloomberg technology you. caroline: fallout continues from tesch for elon musk after an anti-semitic post on its platform. we discuss what it means for his businesses. ed: and a return to a bag as chinese president xi jinping finishes his first visit to the u.s. in 16 years. what does it mean for u.s. curbs on technology to china. caroline: a mid-november's $2 trillion risk rally, can that continue? that and more ahead. the markets are trading today. the $2 trillion market rally we saw through november is quelling on the day slightly. the nasdaq off by .1%. 11 points lower as we have a big options day today adding volatility. the vix managing to be at a 14 or 13 hand are the moment. people are envisaging the federal reserve will pull back on its right focus and could cut in the second half of 2020 for your. some economic data this week a softer be at the bloomberg dollar index raising all 2023 rallies off by another .3 percent. the world of crypto. bitcoin vis-a-vis the u.s. dollar on the lower side despite we

ed: i'm ed ludlow from san francisco. caroline: no you're not.city. a big stock down 18 on this day of the session. this is an ad technology game. it is a big move and has us thinking about the advertising business overall. a big theme will also be alphabet. the parent company of google. in the european union there is a lot of regulatory scrutiny and thinking what does google do next and that market? here i am in new york city. caroline: google has been pressured by the european union regulators in an effort to beef up an internal search engine. googles failure to make improvements proves it's illegally maintaining a monopoly. there is a lot going on so let's break it down. are we on the ninth week in this particular set of investigations? >> this is the ninth week in the google search trial in d.c. and that is expected to wrap up next week on wednesday or thursday with final testimony. we are not expected to get a ruling until early next year. the judge put off close leanings -- closings until january. ed: this is been a year where ceos taking t

ed: i am ed ludlow in san francisco. caroline: full market coverage ahead. inflation, rate hike bets come down. will it fool the tech sector during rap -- tech sector rally? end meeting with china's xi, we will have details. caroline: cells drop morning for the iphone. let's check on the markets first. macro story, inflation, cpi print, looking at the core, adding fuel to the fire in the nasdaq, up more than 2% at the moment. we are seeing that across the major benchmarks.. two-year yield spiraling low, by 19 basis points as the bets for any hikes and the bets for a cut start to dial up in the summer of 2024. dollar lower versus every age currency. but why is crypto on the downside? a look at bitcoin, not getting the love from the inflation print. maybe some profit taking happening. what about the micro? ed: stocks behind me reflect the story. foxconn and its earnings, the main contract manufacturer that assembles the iphone, a worrying outlook. apple up. stock up significantly. we will speak to the grindr ceo. and google, we will go to our reporter to talk

ed: i'm ed ludlow. caroline: more earnings coverage. all you need to know about cisco, tumbling after its numbers. ed: more on alibaba, after abruptly ending a planned spinoff of the cloud unit. caroline: apec continues. text ceo's dine with china's president. a little bit of mood music shifting. we had depressing macroeconomic data. is that good news? many feeling jobless claims are on the rise. the fed cannot hike again. maybe we see cuts next year. a bid coming into the bond market, all six points. crude down 4.5%. cooling demand, what does that mean about global growth? risk asset, bitcoin trading within this general $36,000 level, off 3% by the day. ed: in china, it is the micro and macro. alibaba have decided not to spin off the cloud unit. commentary is they have been impacted by the u.s. technology export curves. we dig into that later. the adrs, u.s. listed shares on track for the biggest drop in more than a year. cisco is the name we are looking at in the u.s.. they gave this forecast for the fiscal second quarter ending in ja

ed: i am ed ludlow in san francisco and this is bloomberg technology.aroline: we will break down what we can expect from the cyber monday shopping. the ceo of a leading data platform is with us. ed: elon musk visits israel after facing backlash for amplifying antisemitic comments on x and we let the takeaways from his trip and the meeting with prime minister benjamin netanyahu. caroline: hundreds of jobs will be cut and what it means in terms of the broader context. that and so much more is coming up let's check in on the markets. a little bit of caution as we start of the new week. maybe some thinner volumes but up about 0.1% on the nasdaq and a lot of supply coming our way when it comes to the bond market that will factor into the equity market. people may reorient on the five-year in particular. brent crude is often had been rallying a little bit. they thought -- it's thought that saudi arabia would be increasing production in oil. not big moves in crypto. still trading at $37,000. it's interesting given the weakness of the u.s. dollar. ed: black fri

ed: i am not volunteering.usk, his empire has granted the billionaire a degree of power and global influence that transcends the industries he shaped. in a weekly chat show and podcast bloomberg editors and reporters break down the most important stories on musk and his empire. we are joined by sarah frier and max chafkin. elon, inc. we have been talking about this for a while. what is the broad concept? sarah: a man you can no longer think of in terms of his disparate companies. there are six now but he's a geopolitical force. he affects our culture. he owns a major communication platform. he's in the car business, satellites, involved in wars. he has this power that is so vast and interconnected that we felt that even as he becomes a more overexposed person, perhaps directing his own messages, he's under explained. his work is something that would take -- i have spoken to a lot of people in the musk empire who can tell you what is really going on. caroline: ashlee vance writes the big take which is about neur

ed: this is bloomberg technology.aroline: the ftx founder sam bankman-fried is found guilty in his front trial, now facing decades in prison we will baked at dez break down the decision and what it means for the broader crypto industry. ed: plus apple shares taking a hit off the world's most valuable company warning of a slug's quarter and some weakness in china. full coverage is ahead. caroline: an exclusive interview with the ceo of siemens. let's check out these markets, it's a macro picture, one of a falling jobs market which means we may be in a goldilocks scenario. maybe the federal reserve can rest on their laurels for a little bit. having an absolute phenomenal week on the entire year and so is the s&p 500. the last three days, we have seen the 30 year yield plunged the most since the pandemic. notable moves in the bond market and the stock market. the market is anticipating a less hawkish fed. we saw a little bit of a pop over the last day in trading but in general, we are range bound once again, below the $3

ed: bloomberg from new york. ed: this is bloomberg technology. caroline: microsoft unveils its first custom-designed ai and cloud chips. we discuss with the move means for the company and its competitors. ed: spacex spinning off its star link unit as soon as late 2024, we bring you the details as elon musk denies the reporting. caroline: we break down what to expect from the meeting between president biden and xi jinping in san francisco as well as what it means for the tech city's future. let us check in on the markets, it is calming down and a rampant rally we have seen in the world of stocks. holding onto gains on the nasdaq. a notable gain over in china, whether or not we are seeing the fuel from the u.s. into china by the economic data coming in strong when it comes to retail and the consumer. notably around the companies that have been reporting earnings, we see tencent, in terms of earnings, then we see what is happening with alibaba, green on the screen in china. 10-year yield rising up a lot today after we have seen three year yield come

ed: i'm ed ludlow. caroline: we get a read on the ipo market, shien files for u.s.isting, read it test the water for a public offering. morehead. ed: the state of the consumer on this trouble tuesday. amazon reports new records or black friday and cyber monday sales. caroline: tesla production nightmare, why the cyber talk is troublesome for tesla ahead of the delivery event this week. we discuss that in so much more this hour. we should turn to the green on the day of tech stocks. the fed speak had one of the quiet periods, enthusiasm to think that the federal reserve is done with hiking. we have gone from the right to the green. we are looking at the seven year yield. u.s. treasuries, yields pulling back significantly on the more dovish and inclination we have heard from the bed. a bloomberg dollar index weakens. maybe that is what is driving bitcoin on the outside. hello to our risk asset choice. driving up 2.4%. we are still trading at almost $38,000 level. it has been around in a conversation. what are you looking at on the micro when it comes to the tech stock

ed: i'm ed ludlow in san francisco. this is "bloomberg technology." caroline: full coverage of openai as investors seek to reinstate sam altman as ceo. more ahead. ed: we will preview what to expect from nvidia. with a ixl it is expected to drive a sales search for the company, we have all the details. caroline:'elon musk's x sues media matters. we will discuss that in so much more throughout this hour. let's check in on the markets that have been entering overboard territory could such a run of over the course of november. we take a pause after nvidia's earnings. 20-year yield coming down again. this was a successful option -- auction yesterday. we are not seeing any sort of panic or flight away from certain risk assets. vix index down a little bit. volatility in the fury next showing at the moment we are sanguine. have a little look at what has been happening in terms of the world of crypto. the dollar has been relatively muted on the day. we are still $37,000. idiosyncratic news around cryptocurrencies -- four vimpelcom crack it.-- for example, kra

ed: thank you.cap the fdx trial, we talk about the intersection of ai and crypto with future perfect ventures, that is coming up next. this is bloomberg technology. ♪ so, you've got the power of xfinity at home. now take it outside with xfinity mobile. like speed? it's the fastest mobile service around. with the best price for two lines of unlimited. only $30 bucks a line per month. that's hundreds in savings a year when you wave bye to the other guys. all on the most reliable 5g network nationwide. you really shouldn't walk out the front door without it. switch today at xfinitymobile.com. ed: welcome back to "bloomberg technology." i would get a quick check on the market. nasdaq, begich caps were supporting to the upside -- mega caps were supporting to the upside. best run since the end of january this year. we will keep watching if the momentum continues. the vast majority of technology are in the red and it is the mega caps doing the heavy lifting. risk asset of choice as carolyn says, bitcoin. i

ed: yes., conviction founder sarah, thank you for that perspective, thank you, this is bloomberg. ♪ when you automate sales tax with avalara, you don't have to worry about things like changing tax rates or filing returns. avalarahhh dear moms and dads, what you have achieved here today is going to help us and our futures. it is why we're coming up on stage to collect your diplomas. mom, love you always. vo: when you graduate, they graduate. visit finishyourdiploma.org to find free and supportive adult education centers near you. caroline: breaking news, the united states justice department is seeking more than $4 billion from finance, -- binance to end a criminal case, negotiation between the doj and binance say that the founder would face criminal charges after the probe into alleged money laundering, fraud, and violations. back to our key number one story. ed: it all changed in openai, how quickly things do change, earlier this year, bloomberg's emily chang caught up with the former ceo sam

ed: i am ed ludlow. this is bloomberg technology. caroline: after staying out of public view for years alibaba family --founder jack ma speaks out to employees urging them to correct the company's course. we have more on the e-commerce giant's plans. ed: and we hear from the amazon web service ceo on the back of the reinvent conference discussing ai, and video, and more. caroline: goldman sachs offers apple an exit ramp for its troubled car partnership. first, a muted day in over all benchmarks from a technology perspective gains up at 1%. more action under the bond market and abroad. in china that nasdaq golden dragon managed to be underwater on the day. it will be delving into the micro news and sentiment shifts. we are off by 1.25%. the movement is clear in the bond market seeing what the biggest price increase yield falls since 2020. everybody wants back into u.s. treasuries anticipating the federal reserve may be cutting as soon as may as next year. off by seven basis points on the front end of the curve. in crypto the dollar ha

ed: thank you.ing up, we are going to discuss what is going on in the world, monetary policy come impact on artificial intelligence and the environment startups. caroline:'s blanche cut five quarter verb set -- cut 7% of its global workforce. the all-important acquisition by cisco, having to retract around the market. this is "bloomberg." ♪ the power goes out and we still have wifi to do our homework. and that's a good thing? great in my book! who are you? no power? no problem. introducing storm-ready wifi. now you can stay reliably connected through power outages with unlimited cellular data and up to 4 hours of battery back-up to keep you online. only from xfinity. home of the xfinity 10g network. caroline: will come back to "bloomberg technology." ed: a quick check on european markets. stoxx 600, continent-wide gauge of equities, up for a third straight day. a lot of the trading going on in europe or did go on throughout wednesday session was kind of the head of ahead fo the fed. there was also s

ed: timing is everything. the headlines, the actors strike ends, why is that important for a company like disney? laura: it is important for disney, warner bros. and fox because they have this robust -- because that is linear stream. without that, netflix has been positioned for them. that is their competitive advantage, they have these lovely series that are decades old. all of those have been shut down because the writers and the actors went on strike. their offerings looked like netflix offerings. now they're going back to work, they are going to get more television content, new 40 minute episodes. that is better for them than the competition. caroline: they are going to be folding in hulu, testing out how it is to have it all under one product. they are also eyeing what they do with espn to make it the digital force they want to. where do you sit on the storyline coming from the ceo? laura: we would like to see apple by disney. ed: you are not the only one who thinks that. laura: [laughter] i think this no

ed, you are sticking with crypto.und coinbase which is rising with a debut of a bitcoin etf appearing imminent. this has been fueling expectations for widespread increase in demand and pumping some investors to disregard the on saturday -- disregarded the uncertainty about the biggest broker. coming up, the u.k. summit on ai safety is wrapping up. we will break it down and review the details. mr. musk is in london town. this is "bloomberg technology." ♪ ed: time for talking tech. intuit is winding down meant and pushing users to ship to credit,, a similar service. mint will no longer be available at the start of 2024 as product features are being moved within credit karma. google's vice president of the company's ai efforts. disputed suggestions the company rushed to release its ai chatbot earlier this year in order to beat microsoft's offering. u.k. summit on ai safety is wrapping up with leaders debating on how much to focus on the supposed existential risks of ai. highlighting those broader tensions in the tech com

ed store repeatedly pestered him for sex. ed was 16. this happened _ for sex. ed was 16.16. this happened in front - for sex. ed was 16. this happened in front of. for sex. ed was 16. this - happened in front of others. but then behind closed doors, in the fridge or the call room, or the stockroom when no—one else was there. he would very much give the impression that he was being absolutely serious. it is gross and disgusting and horrified that someone with that much power in the workplace could say something like that to a i6—year—old such as myself. the 16-year-old such as myself. the harassment _ 16-year-old such as myself. the harassment went _ 16—year—old such as myself. the harassment went on for several months until adequate in april. i was really upset. —— and quit in april. it did take a toll on my mental health. i did have some shifts where i would get upset about going into work and would cry a lot before going into my shifts. ed quit in april. into my shifts. ed quit in aril. ., g , �* �* april. yeah. injuly, bbc investigation _ april. yeah. injuly, bbc inves

ed: i am ed ludlow live from san francisco. this is bloomberg technology. caroline: or leaders dissent on san francisco for the asia-pacific economic summit, full coverage from that ahead as we sit down with the mayor. the bundle of artificial intelligence as nvidia reveals new processes to maintain its edge. the largest online shopping event, china's singles' day and pushing to e-commerce numbers coming later this week in the u.s.. let us check on the u.s. markets for a moment. we are treading water on the mastec. -- nasdaq. more coming from the federal reserve any terms of articulation. notably, on friday we got the warning sign coming from moody's about the debt load of the united states. we keep a close eye on all of these macro headwinds. i am looking copper at the higher side. electric vehicles, copper is on the upside and commodities are moving higher. let us look at some of the individual movers on the day. i am keeping an eye on nvidia. when it comes to chips at the moment, tesla happened to rally hard and this happened in india and tax incentives

but why was higher ed so vulnerable to this? and the reason why higher ed was so vulnerable to this is both natural forces, you know, more or less that essentially as higher ed became less and less and less viewpoint diversity as it became more monolithically left leaning. and that applies to both professors and even more so, by the way, to the rates of administrators who have swollen or over the past several decades as they as a viewpoint, diversity went down that it shouldn't be a surprise is that when people are in power, they start seeing free speech as part of the problem because they're if there's going to be censorship, it's going to be them doing them. so it's a very normal temptation of power to become kind of pro censorship once you are in power. but that's the natural fact that essentially, if you have if you don't have enough heterogeneity in your group, there's a tendency, as my coauthor, jonathan haidt, likes to say, to sake, realize your beliefs to treat them very much like religious beliefs and to protect them. b

no one in the family had agreed to speak with dateline except ed. raising alex in illinois. they battled jennifer for visitation with sydney and in 2010, a judge awarded to them. that in 2016 adjudged terman sydney wasn't neglect a child she went to live with her paternal on tanaka who had been granted permanent guardianship. jennifer has supervised visitation rights. meanwhile steven's parents have spoken to sydney about what happened to her dad. >> he gave his life for her. >> that's all for this edition of dateline, i'm craig melvin, thank you for watching. ♪ ♪ ♪

i want to bring in former boston police commissioner ed davis. thank you for joining us, ed. i want to ask you about something john brought up, the fact that this car was selected for secondary screening. what is it that would prompt some official to see something in a car and say that vehicle needs to be screened further? it sticks out to me that between getting from that first check point to the second one the car sped up and then there was an explosion. >> good afternoon, boris. yes, this is a clue, i think, as to what may be going on. it's hard to say at this juncture. john is correct in saying it's early in the investigation. all the agents on the borders are trained in something called suspicious indicators. anything that might have happened, either in the exchange with the driver of the vehicle or his passenger are, you know, something they saw inside the vehicle that caused them concern. they do have explosive sniffing dogs there. again, that's speculation. there are a multitude of things that could have happened that raises suspicion of the border patrol agents and t

ed: neither is surprising.am altman, everyone thought a group of three individuals wanted this to happen. it was a surprise and frankly congrats and kudos to my colleagues who work with me on this that we were pretty fast to report that he is not coming back just like that. the board is digging in. it was real drama. for nvidia, no surprise. alex's point is correct. right now the h 100 gpu, 300 pound box goes with many others into a data center. it is the only thing available in the real world that is capable of processing the data for a large line with models. all the other rivals, that is just on paper. they are not producing at volume. if the demand is there, they are ramping up supply to meet it. guy: the conclusion of this week is that ai has broken ed ludlow. that should be something we should also all note. there is a limit to how much he can take of the stuff. you had a brutal week. it's been fantastic but a brutal week and we are not done yet. ed, to the point i was making at the top, it also seems tha

but why was higher ed so vulnerable to this? the reason was both natural forces, more or less, that essentially as higher ed came less and less viewpoint diversity, as it became more monolithically left-leaning, and that applies to professors but even more so to administrators over the past several decades, as viewpoint diversity went down, it should not be a surprise that when people are in power, they start seeing free speech as part of the problem. if there is going to be censorship, it is going to be them doing it. it is a normal tip tatian of power to be kind of pro-censorship once you are in power -- normal temptation of power to be kind of pro censorship once you are in power. if you do not have enough heterogeneity in your grade, there is a tendency to treat your beliefs very much like religious beliefs and to protect them. but that is the unintentional part. i want to be clear, though, there has been a very intentional plan to turn academia and even the left against free speech going back to 1965. we point at herbert ma

and president biden wrote as much in his op—ed.eace and freedom. to that end, one of the areas that the united states has faced the most criticism over from countries in the middle east and around arab countries especially is that it stood by israel. president biden is arguably the most popular man in israel. but when is it going to use that leveraged to try and get israel to the table to put terms to the palestinians that are acceptable to them? one advance, i think, in president biden�*s op—ed was saying that they would crack down on settlers in the west bank, who are currently conducting violent attacks on palestinians there. and potentially even preventing them from travelling or coming to the united states. there are levers that the united states can pull if it wants to, and i think critics of this administration want to see that president biden is exercising the leverage that the united states clearly has over israel, having stood by it in its moment of dire need. ravi agrawal, — moment of dire need. ravi agrawal, thank _ mom

jon: ed ludlow on elon musk's trip to the middle east.y we will continue to track the broader market story as well where we are seeing a bit of a mixed picture in north american trading. this is bloomberg. ♪ the chase ink business premier card is made for people like sam, who make- everyday products, designed smarter. like a smart coffee grinder, that orders fresh beans for you. oh, genius! for more breakthroughs like that- i need a breakthrough card. like ours! with 2.5% cash back on purchases of $5,000 or more. plus unlimited 2% cash back on all other purchases. and with greater spending potential, sam can keep making smart ideas- a brilliant reality! the ink business premier card from chase for business. make more of what's yours. the power goes out and we still have wifi the ink business premier card from chase for business. to do our homework. and that's a good thing? great in my book! who are you? no power? no problem. introducing storm-ready wifi. now you can stay reliably connected through power outages with unlimited cellular dat

it is an extremely long op—ed.through it all, touching on ukraine as well as the israel—hamas war and what should happen with regard to gaza. i think the president and the administration felt it was really important to get across some main points. he does, of course, talk about leadership, but he makes three main points in this piece. number one, an acknowledgement that the pain and suffering, the loss, is on both sides, to make clear that he understands that and the united states understands that. number two, he laid out some very clear red lines for both sides, and of course he called for the international community to help with the reconstruction of gaza, to address the destruction that the government of israel has wrought with regard to the gaza strip. those red lines are four. number one, no terrorism should be able to be launched from the gaza strip again, which is worth returning to. number two, no reoccupation of the gaza strip, no blockade or siege of the gaza strip and no territorial grab from the governm

ed joins us on set. the stock is down. ed: they had been up 9% premarket.ey don't have to just sell these vans to amazon. that was going to be a material upside. what's going on? ed: i don't have a clear understanding of why the stock is lower. they raised guidance for the full year by a modest 2000 units. the narrative around rivian is there all these ev upstarts. rivian has been doing quite well and its guidance has been quite conservative relative to what it has built this year and delivered to customers and what it can do on paper. maybe the market is saying, come on, guys. only 2000 units? we wanted more. on the amazon a k-swiss 70, they have in this along time. sources have been so frustrated that they cannot just sell the vans to others. on paper they can build probably double what they need to for amazon. they just need a name some of the customers. guy: i think realistically if you look at the two-day, the stock is only down a tiny bit. down by about .7%. gap higher this morning. the big challenge for companies like this continues to be the market,

what do you make of this new op-ed? >> so joe biden's interest in hunter biden's interests are not totally aligned here. they never really have been. hunter biden, in this split screen, set against everything else going on in the world is fighting this battle for his reputation. part of the reason he's not settled his case thus far is that he has his own set of interest. he doesn't want to be prosecuted. he wants to be rehabilitated in the public's eyes. and he is being smeared, but there are other choices he could make along the way that would help his case disappear. his instinct is to fight hard and fight back. >> his instinlt is to fight back, and my understanding is that he has been incredibly frustrated that he's being attacked because he's the son of a president, but because he's the son of a president, he doesn't feel like he can defend himself in a way that he. s to, which is what made this op-ed really interesting. i know it's been a long time coming. >> and i don't think there are many issues for president bi

ed yardeni, you convinced me.ere is my problem as a fence-sitter, so far this year only 28% of the names in the s&p are outperforming the s&p. so do you stick with the 28 or do you say maybe there is opportunity outside of that? >> well i think we have to just realistically acknowledge that the megacap eight stocks, some people take one out call it the "magnificent seven," but the megacap eight stocks account for 27% of the market cap of the s&p 500. i don't think that's going to change. i think they're going to continue to be at least a quarter of the s&p 500. so you definitely, if you want to be in the stock market you definitely have to be in those stocks. charles: yeah. >> but the complaint of the bears has been it has been a very narrow market. it has been basically led by those stocks and as a result the lack of breadth is something they're very worried about but the market could expand its breadth as we saw last week, outperformers were the mid-caps, small and mid-cap stocks. charles: yeah. >> and the big w

ed: it was a good attempt.colleagues and i -- according to sources, starling spinoff -- starling spinoff could happen by late 2024, 4025. off the bat, let's be transparent with the audience. as soon as we published the story, elon musk responded to a user on, the platform formerly known as quitter -- twitter, who had taken a screen grab of the story. all that musk did was "false." he has responded to our reporting that way. he did not respond to a request for comments. this lines up with everything we have reported. musk said starling would break even. that was one of the figures he touted over the years for a possible spinoff. starling revenue is dramatically ramping up. this is a space-based internet service that everyone is really interested in right now. guy: why would it want to ipo? ed: i think that starling, in elon's mind and in practice, is the cash cow for the entire business. there is only so much money you can make, launching payload into space. starling is growing at a click. we have reported next

i do see this op-ed that i wrote as ab extension of what i have been saying for over a month now. so many of us agree on so much, which is that the bombing needs to stops, the deaths of civilians needs to stop, hamas can no longer be in control of gaza. we need to be releasing all of the hostages, and we need to be moving towards a long-term peace this this region to give a homeland to the palestinian people and to secure israelis and that hasn't changed. what became clear to me in talking with my constituents, and the op-ed was really geared specifically at those who are struggling with this as well s that we need to be able to hold all the complexity. i heard an interview with former president obama, and that really changed my thinking about this in terms of urging all of us to hold the complexity. that is what ufs trying to do through this op-ed. >> 17 democratic coupon source, will you join them? >> i will not. the cease-fire resolution does not say what i feel in the way that i would say it. i feel like it is not inclusive enough of all of the parts of a cease-fire that are r

and so i was there to standing and president reagan said to ed meese, i'm sorry, ed. ed meese said, why? because the come after me and they needed to go through you. that's the kind of man reagan was. [applause] and that's the kind of man ed meese is, because in their office, great patriots, you don't see this today. and and i can also tell you af of staff that he never leaked, the spice the media. people all around him were leaking. ronald reagan hated the media, too. nancy reagan even more than him. but that's the way it worked. ronald reagan was a a very compassionate man. he was extraordinarily intelligent. all the books i said weather, whoever it is, de tocqueville, locke, you can go on, adam smith, he read all that. they found out a leader in s personal home on a shelf, he knew what he wanted to do when he came into office. he knew what he wanted to do with the soviet union. they knew what he wanted to do for the country, and he did it and he left. was a great, great man and president. so i am here because this is the place that honors ronald reagan. and there's

i'm sorry but i can't remember but i think ed lister might— can't remember but i think ed lister might had much more operational experience of government and how things worked. so, government and how things worked. so. in _ government and how things worked. so, in practicalterms government and how things worked. so, in practical terms he was really helpful— so, in practical terms he was really helpful particularly on the autumn iockdown — helpful particularly on the autumn lockdown and managing, he

ed was a shock, to be honest, before hand. ed was a shock, to be honest. we — before hand.ard yesterday. - before hand. ed was a shock, to be honest, we heard yesterday. we i before hand. ed was a shock, to be i honest, we heard yesterday. we sold about— honest, we heard yesterday. we sold about 900 _ honest, we heard yesterday. we sold about 900 burgers outside over the weekend, _ about 900 burgers outside over the weekend, it will effect is a big time _ weekend, it will effect is a big time and _ weekend, it will effect is a big time and i am afraid.- weekend, it will effect is a big time and i am afraid. some in the villaue time and i am afraid. some in the village are — time and i am afraid. some in the village are already _ time and i am afraid. some in the village are already asking - time and i am afraid. some in the village are already asking if i time and i am afraid. some in the village are already asking if there| village are already asking if there is a way to save the event. the meeting is due to be held here on friday evening to discuss possible ways forward.

ed: my dear colleague has penned a fantastic update on the company.ink has fda clearance to start messing with people's heads and not just figuratively. it's the in plant business that elon musk is working on that aims to address through an implant spine and nerve damage. having got the clearance is they are looking for a first trial candidate, somebody willing to have a small chunk of their skull removed, tiny thin wires implanted in a small computer the size of a coin placed on top that will send or transmit data to a smart phone or ipad to start proving that at least the signal part of this technology can work. this is a great example of elon musk saying he will do something and it not happening on his timeline but eventually they demonstrate progress and it's a fantastic technology on paper to address a wide range of injuries and spine damage where presently there is no tech knowledgeable -- no technological or medical solution. alix: can it help you walk again? ed: that is the goal. they are working on a vision ship to rectify loss of vision. tha

ed: this was a weekend about humans. we do not know the real reason that openai fired sam altman, but what we do know is that the reason that they hired in that sheer as interims eeo is because it sheer shares a recognition that ai poses an existential threat to mankind. that is what i am told. the board recognized that in him and that was a reason for his hiring. we know the philosophical tension between sam altman, pushing for commercialization of the underlying technology conflicted with the four person board largely made up of academics who wanted recognition that this was a not-for-profit work on a bigger picture. kailey: where we stand now is that altman is going to microsoft. a lot of others will be going with him in protests. i wonder, when we are looking at what happened next, is there a chance that altman goes back or microsoft will absorb 8 -- openai and its entirety? ed: about 500 employees who have left have signed a letter to the board that if they do not resign , those nearly 500 people will go and work at

dani: thank you, ed ludlow. can catch ed and caroline hyde on "bloomberg technology" in about 90 minutes. mastercard says consumers are shopping smarter this holiday that is next on bloomberg. ♪ use it to set and track your goals, big and small... and see how changes you make today... could help put them within reach. from your first big move to retiring poolside - and the other goals along the way. wealth plan can help get you there. ♪ j.p. morgan wealth management. alix: an hour into the u.s. trading session. holding on to relative levels. abigail: we are. small moves, the 500th down .2% after four up weeks in a row. hang onto that gain, consolidating it. bloomberg dollar index barely moving. bonds, biggest market move. some equity indexes down more than 1%, but bonds rallying a that is the against move. biggest move between -- beneath the surface in november, consumer discretionary, retail up about 11% into this cyber monday, black friday, big shopping period. adobe analytics saying that the online shopping f

ed.nt for us officials and we talk about the return of hostages and we know we have our own citizens among them as well as other foreign governments have their own citizens as hostages. it is the same issue as our own citizens have been trapped in the gaza strip under israel's attack on the gaza strip. this is needing to ensure the safety of our people is paramount. the singer taylor swift has postponed today's show in rio dejaneiro due to extreme heat, following the death of a fan before her show in the city on friday. a 23—year—old member of her audience died after suffering a cardio—respiratory arrest and in a handwritten statement posted on social media, swift said she was placing the safety and well—being of her fans first. the government has now ordered drinking water be provided and easily accessible at concert venues. 0ur reporter, nicky schiller, is in the newsroom with more. taylor swift is in rio on the latest leg of her record—breaking eras tour. some 60,000 concert—goers were

i'm sorry but i can't remember but i think ed lister might— can't remember but i think ed lister mightmember but i think ed lister might have had the title chief of staff at — might have had the title chief of staff at that point on the prime minister— staff at that point on the prime minister absolutely and definitely relied _ minister absolutely and definitely relied upon him. ed lister had much more _ relied upon him. ed lister had much more operational experience of government and how things worked. so, government and how things worked. so. in _ government and how things worked. so, in practicalterms government and how things worked. so, in practical terms he was really helpful— so, in practical terms he was really helpful particularly on the autumn lockdown — helpful particularly on the autumn lockdown and managing, he did much more _ lockdown and managing, he did much more of— lockdown and managing, he did much more of the _ lockdown and managing, he did much more of the operational implications of the _ more of the operational implications of the decisions that have been taken _

ed: let's talk about guidance.he december quarter is going to be roughly the same as last year which analysts take the fifth straight quarter klein. what apple said was there was one week less in this quarter than the same fiscal quarter a year ago. a lot of analysts are saying, hold on. we knew that. analysts or the market or wall street goes into earnings with access to a calendar and a calculator. the point is the guidance applegate was the december quarter will be the same as a year ago. iphone revenue is expected to grow year on year and mac is expected to accelerate. why? we have new products. but it is the airpods and ipod that will drag them down because there were no new products. they are leaning heavily but there are seven days fewer in this fiscal first quarter than there was in the same a year ago. alix: he shakes his head. so is guy. i am curious as to the service as part because that did really well. i know it is easy to beat up on apple at seems to be better than expected. ed: in terms of beating up

which is really interesting, first of all, that the president of the united states writes an op-ed, that in there he talked, leigh ann, about the extremists in the west bank, israelis in the west bank and threatened to punish them diplomatically if they continue to do that. so there's no question that this is something that the president politically is thinking about. never mind that he i'm sure fundamentally believes in everything that you just said and everything that he said in that op-ed. >> yeah, it's really fascinating because the president has been pushed from the left on the issue of israel and gaza and his opening to address the violence in the west bank among the settlers acknowledges that, as you mentioned. getting back to -- let me say one thing on that first. and also you're also seeing from the left members of congress who are asking for conditions to be placed on aid for israel. they're going to address that when they return from the thanksgiving break. and then looking more broadly at young voters specifically because it's so fascinating, biden won young voters with

ed question -- ed: why goldman in the first place? because apple is a top-tier product.expensive. it lines up from a marketing perspective. thank with goldman -- the demographic of people that would have multiple apple devices. that is the interesting part. it is offering a premium product as opposed to -- you guys call it mainstream banking that would offer a similar rate or similar credit offering. guy: i am feeling a premium enough. i don't have an apple phone. i am below. that sounded a little -- alix: you are totally blow premium. guy: a sub premium. that is probably the right place, to be honest. sub premium -- that is a different space. i'm comfortable with that. ed ludlow, more coming up on "bloomberg technology" and about 90 minutes. a drought in the panama canal causing massive backlogs for shipping. we will talk about the impact with a shipping ceo, coming up. ♪ (aidyl) hi, i'm aidyl, and i lost 90 pounds on golo. i struggled with weight loss and weight gain my entire life. with all the yo-yo dieting i did in the past, i would lose 20, 30, 50 pounds just to ga