ed: you are a vocal. in government appointed panels in the domain of a.i. and some of the safe guards around its use in society. i just wonder if this funding gives you the ability to have a louder voice in the things you think are important? navrina: absolutely, ed. governance is many times seen as a barrier to innovation. we have spoken about it lots of times. government will be an enabler and competitive advantage for every organization whether you are a meta or microsoft to really make sure that you can bring the frontier a.i. capabilities with confidence in the market. with this round of funding what it is providing us is an ability to continue delivering to our customers who are becoming responsible by design and not waiting for failures to happen in this world where a.i.'s transforming pretty much every business at scale. ed: i think we should probably talk about the presidential election cycle. a lot was made particularly from small tech so to seek about j.d. vance in particular being a running ma

ed: welcome back to "bloomberg technology." ed ludlow in new york city.heck in on the markets. we know the story this week. it is a story about four of the biggest technology names reporting earnings. the nasdaq 100 has flattened the session. the top -- the context it it is coming of three weeks of weekly declines. a lot of talk about how close we are to a technical correction. there is a lot at stake, depending how those reports go. in the moment, one asset class that is in focus is crypto. bitcoin, below 68,000 u.s. dollars per token. other names, minors, had been interestingly hi, now lower. bitcoin touched the highest level since mid june after donald trump expanded his pro-crypto agenda at bitcoin 2024 over the weekend. here he is speaking at the conference. mr. trump: this afternoon, i'm laying out my plan to ensure the united states believed be the crypto capital of the planet and the bitcoin superpower of the world, and we will get it done. ed: let's break it down with bloomberg intelligence analyst james seaver who was at the conference. you are

ed: i'm ed ludlow in san francisco. this is bloomberg technology. caroline: we bring you the latest in markets as nvidia struggles. we will talk macro and micro. ed: the latest from washington as the supreme court sends social media laws back to lower court. caroline: qualcomm is the new sponsorship on the front of shirt for manchester united. first, we check in on markets. we are struggling for direction. we start the new half of the year and we are up about 0.1% on the nasdaq more broadly, but it seems to be the bond market dictating. yields push higher some eight basis points. read that as you will. worries about what is happening in the united states in terms of fiscal spending coming who runs the country post november? and has the political risk been a relief over in france? the cac 40 rising as we see a push to curtail the most right wing of policies that could be enacted in france as many rushed to see what happens in the second round of voting. let's have a look at what is happening in terms of crypto. we are up 1.4%. a bit of a risk on atti

ed is a fix-it type of guy. and in my opinion, if you looked in the dictionary under public servant, it would be a photo of ed haley. oftentimes ed would do whatever he needed to do, whether that was noing the lawn for somebody or providing a meal to someone in need. everyone who has ever met or worked with ed has been touched by how much he truly cares about people and his community. when ed started this final tour in millington, he drove around the city taking pictures and putting together a list of 52 projects he thought would improve the community. it took him a few years to complete the projects, but he finished every single one of them. ed, congratulations on a job well-done. kay, thank you as well. on behalf of our community, thank you for your lifetime of public service. ed is really a good friend and he's a good man. roberta and i wish you the best in your next chapter coming up. thank you, mr. speaker. i yield back. the speaker pro tempore: the chair recognizes the gentleman from new york, mr. kennedy,

ed: kurt and max, thank you.oming up, we are joined by tech wolf co-founder and coo, mikael wornoo. this is bloomberg. ♪ caroline: ai in action, techwolf focused on utilizing ai in talent retention. mikael, how is the more targeted large language models helping companies identify the talent they already have? >> we use ai to help employees and employers make smarter workforce decisions. instead of saying we need to hire 1000 engineers, ria will say you only need 500. essentially that can save the business millions in costs and attrition. today we have 2 million skilled profiles for employees. we work with the best hr leaders on the planet. ed: where in the hiring process does this come in? there is already the filtering of cv's. then you have hr people going through piles. where do you come in? mikael: good to take a step back. skill management has been around since the 1980's. the first thing we do is skilled data for everybody. we are the first company to do this. the second step is to use that data to make bet

ed? ed: some of the other big news stories, a rare failure for spacex.nine rocket deployed 20 starlink satellites into the wrong orbit. elon musk said a portion of the upper engine failed for unknown reason. spacex has said it made contact with five of the satellites and will attempt to reposition them using the attached thrusters. the faa has announced it will require a probe into that failure. i would say that is largely procedural. softbank strengthens its chip investments. it acquired a u.k. semi conductor start up. it will operate as a softbank subsidiary and will keep its management team. the financial terms were not disclosed. samsung is facing more walkouts, this time at one of their most advanced ai memory chip plants. several hundred workers joined the protests as the campaign for higher wages continues. union leaders have said they are targeting smaller, but important complexes in the hopes of an up pressure. caroline? caroline: fascinating. stay global with a russian story now. waging a war under the sea? the question has been emerging after

ed, what are we looking out with m&a? ed: alphabet said to eye cybersecurity start up whiz.his is bloomberg technology. ♪ ed: google parent alphabet is in talks to acquire the cybersecurity start up wiz in a deal that may be worth as much as $23 billion. mark bergen is here from london. >> it was a surprise, although if you are following google, it is not. the last big acquisition, they are trying to do it again. , they have been this perpetual third place in the market. microsoft has been pushing the envelope. it has some pretty noticeable and public flaws. it is an aberration in the sense that it is the biggest deal by long measure. caroline: vcs could be making a sizable concern. is there regulatory risk? >> for sure. this company started in 2020. it is remarkable. it is a pretty massive return. we are not in anyway a monopoly in the cloud market. the deal was about 5 million. i don't expect wiz will be approved on day two. microsoft clearly has had issues around antitrust. it is going to be in this market. caroline: the agreement hasn't been reached. we really appreciate

ed: good morning.tage, crowdstrike, microsoft, 365 integration with salesforce platforms and offerings. ai in cloud, what has the impact been on you and what has the response been? clara: i have a number of friends stuck in the airport now. every industry around the world affected, salesforce included. our engineers are working with a crowdstrike team around-the-clock to restore full access to services. ed: you've long been in tech. how does this event rank in technological outages you've seen in your career? clara: it's inevitability when it comes to tech. it underscores the importance of working with trusted partners. trust is our number one value. we pride ourselves in uptime partnering with customers, air india, aaa, opentable -- these companies help run the world. we take that performance seriously. caroline: quite a few friends of yours at airports, many others trying to get hold of a real person right now on the phone rather than a chatbot. i'm wondering how long that will be inevitable? you in

ed: glasses. maker -- i glassmaker says meta is interested in getting a stake. they showed their first ray-ban maker glasses in 2021. another meta story, meta facing its first e.u. fine over allegations it abused its dominance in the ad market by tying facebook marketplace to its socials. walk me through the e.u. perspective on this, the angst the commission has against what meta did. >>hello from russell's.-- b russells. we respect this find to be issued against meta. the commission has a number of concerns with how the company tied facebook market place to the facebook social media network area what is set to say is facebook shouldn't make access to market place obligatory on users having a social media account, and it also shouldn't use the data from its rivals -- and i am talking about nonpublic data belonging to classified ads rivals, like ebay, craigslist, etc. -- to compete against them. whether commission has found is, over the years, facebook has been a space for those types of companies

ed: quick on microsoft.em a victim of you better not miss estimates at all in this environment. is that fair? dan: yes. definitely fair. azure grew 30% year-over-year which is tremendous for most companies. considering microsoft if the second -- it was priced to perfection even on this recent pullback. it was at the low end of guidance. we heard the buy side was closer to 31-32. initially the stock did selloff a percent as a knee-jerk reaction. they did in incredible job of explaining exactly where the weakness came from. europe, given the political risk and the economy was a great spot to point out. 2, more importantly, this is when the stock really started to rebound, it is a capacity issue. not a demand problem. they do not have enough chips to satisfy the ai demand. the stock is almost back to flat. one other thing, when you go deeper that made a lot of sense, this really stood out -- ai demand actually helped grow azure but a percent last quarter. you are seeing an acceleration in ai demand that is star

ed: i am ed ludlow. caroline: paramount officially agrees to a deal with sky dance which shares among the industries most traumatic acquisitions. we have details. ed: we assess the impact from elections in the u.k. and france on the technology sector. caroline: raising money, conversation with the ceo of hebbia.ai. first, let's check in the markets. ongoing political volatility in the u.s., france we get a shock reaction in terms of what the national rally coming in third and the nasdaq holding onto gains. the cac 40 had been higher in the days trading and not falling back toward the clothes as people try to get a -- toward the close. the pound after its political clarity that we got at the end of last week, he remains the best performer from a g10 perspective. the dollar is a little lower. chair of the fed jay powell tuesday and wednesday. what that means for bitcoin. it is more about what is happening with the supply would perhaps the german states setting off some of its holdings in bitcoin. all about

ed: apple is a big point. there are so many headlines out in the first instance with the stock up one point in the session. on track for its biggest drop since march. seeing confidence in a refresh cycle for the iphone. then there is the bloomberg reporting that apple has said to its suppliers we want to boost shipments by 10%. there is growing momentum around the iphone story, up 18% or so year to date, but by no means one of the best performers. then you talk about the regulatory risk. apple avoiding sanctions in the eu. give me the details. carolyn: i really think at the moment we are seeing this apple concern and the fact that eu regulators are basically forcing them to open up the wallet situation, the fact that we are seeing fintech being all eyes on the prize. maybe a boost to paypal. this is the way eu regulators have decided big tech needs to start opening up their gardens. please dissect for us apple under pressure, big tech more broadly on the day. as ed articulates, there is some music around iphon

ed: what do you think j.d. makes of all the media coverage that he is a venture capitalist or former vc and will now potentially be in the administration? crystal: jd is an extremely humble guy. when his book came out he was gob smacked by how much attention he got at how much his words meant to so many people. i imagine he is feeling a lot of humility now in general from being chosen for vice president by president trump -- by donald trump. even a day when when he was in silicon valley his driving force was concern for the forgotten working-class, the people in this nation at the station's core that have suffered because of the hollowing out of traditional industry and the opioid epidemic. at that animated his desire to write his book. it was extremely raw and extremely vulnerable and he sacrificed his own privacy to shine a light on a huge problem facing our nation's court that he wanted to make better. my experience with him in venture capital was this was his primary driving force. it was at the core of his

ed: global auto editor in london, thank you very much. reaction to tesla's second quarter from an investor but this time a retail or individual investor. alexandra holds thousands of shares of tesla and has done so since 2020. she said previous careers in finance and is an investment analyst works as a visa consultant in california. on x is a prominent voice in that large body of individuals who do back elon musk and are bullish on tesla's long term. good morning to you, welcome to bloomberg technology. the most important take away from earnings for you please. >> thank you for having me. for me the most important was actually that we are moving into this next phase of tesla's growth and all the markers we have laid there are still there. and are moving ahead at the same time and with the same vigor that anticipated. as a retail investor i acknowledge the market and your typical audience probably doesn't have the same large time horizon that we have but for us it is really as a retail investor just another buying opportunity. we were at t

michelle: thanks, ed.is first a trump administration policy toward china to a biden administration policy toward china. it is now clear this is the american policy toward china. there is a lot of bipartisan consensus from the u.s. congress as well and not to mention many of our partners and allies across the world. there has been tremendous volatility and uncertainty with regards to the political election, even over the past 10 days, but if you are ceo of a tech company, the one thing you can be certain of the one thing that will be stable is going to be american policy towards china when it comes to our own tech security and economic competitiveness. caroline: is that the right policy, michelle? michelle: well, let's start with the ultimate end goal. and the ultimate end goal is the u.s. and partners and allies across the world have to have competitiveness and superiority when it comes to technology because whoever leads in technology is going to dictate the values and the standards and the regulations th

with caroline hyde and ed ludlow. caroline: from new york and san francisco, this is "bloomberg technology." coming up, full chip coverage. tsmc earnings jump but china risks returns in the sector. ed: plus, more hollywood films for apple. caroline: a tiktok man and trump presidency. what a roller coaster we are on today. the worst selloff in the chip sector and looking at the stocks, the semiconductor index had its worse yet day yesterday since 2020. today we bounce back up but only by 0.5% and the risks remain about what happens in terms of china u.s. geopolitical he and taiwan, not enough to be pushed back against some key earnings. ed: there was a strange pivot in the market in the nest -- in the last hour. the world's biggest contract chip manufacturer tsmc raised its revenue outlook for the current period to above analyst expectations and they also reined in their capital spending plans which gave everyone confidence, discipline in the midst of uncertainty. there has been lots we have reported about former presi

editor ed thomas reports. ed: chaos inside manchester airport. police, some with tasers.ale officer. first a kick, then a stamp. the men on the ground in likely was motionless, his mother sitting over him -- the man on the ground in light blue is motionless, his mother sitting over him. men who kicked move to the man on the bench. he looks like he is hit with a taser. blood appears to be coming from this officer's nose. in distress, she is later taken away from the confusion. then later, this happened. we understand these men witnessed the first incident. they're approached by different armed officers. one is pepper sprayed, before two were handcuffed and taken away. >> we are headed to rochdale police station -- ed: this video was posted on social media by the solicitor of the brothers involved in the stamping first incident. today he told us the man being seen kicked on the ground had been rushed to hospital. what is the health situation on both brothers? >> one was taken to hospital, cyst on his brain. let's hope he makes a full recovery. the mother is going through so

ed: i'm ed ludlow in san francisco per this is bloomberg technology. caroline: tesla beats delivery estimates but still a second consecutive drop in quarterly deliveries paid we break down those numbers. >> microsoft a ideal faces risks over national security concerns. we have the details. caroline: we sit down with the new ceo of amazon web services. he wraps up his first month on the job, let's check in on these markets. the nasdaq trying to shake off what is perhaps some slightly more hawkish signs for the data today. once again showing the labor market is strong in the united states. meanwhile we have more dovish tones from the federal reserve and the cpi printing europe that shows inflation is cooling. a lot of macro to be digesting. looking at the big tech benchmark. maybe that's off the back of the rally we saw. still digesting a lot of political risk in the ecb still saying we will be cutting in the rest of the year. 10 year yield pushing down. we are off of our lows but still moving into the market off the back of chair powell. as bonds rally.

ed: thank you.ng up on the show we will be joined by the author of the crypto is macro now newsletter to get her take on the newly approved ether etf's. from london san francisco, this is bloomberg technology. ♪ 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. the moment i met him i knew he was my soulmate. you've got more options t"soulmates.". soulmate! [giggles] why do you need me? [laughs sarcastically] but then we switched to t-mobile 5g home internet. and now his attention is spent elsewhere. but i'm thinking of her the whole time. that's so much worse. why is that thing in bed with you? this is where it gets the best signal from the cell tower! i've tried everywhere else in the house! there's always a new excuse. well if we got xfinity you wouldn't have to mess around with the connection. therapy's tough, huh? -mmm. it's

host: ed martin, you have to know politics. has abortion and the supreme court decision hurt the republicans in the last two cycles? guest: i think that is conventional wisdom among pollsters but i disagree. i think it created an extraordinary opportunity that many of us in the pro-life movement may not have been completely ready for. for 50 years we were saying roe v. wade was poorly decided. it really didn't make sense. there's a man named clark foresight who said americans united for life. wrote an extra in every book, when the notes from the supreme court justices from the roe v. wade decision where published. he wrote a book about how they really made it up. they made at the trimester framework. the notes show that. clark wrote this book. many thought eventually roe v. wade will be reversed. as president trump said, liberal commentators, people who regularly said it was a bad decision. we want abortion available. we don't want a decision that is so poorly constructed and has created such a framework. dobbs happened faster

ed: the street certainly hope so. last quarter it was an interesting one in the context of covering technology. mark zuckerberg said definitively we think meta can be the leading ai company. different to microsoft word is trying to take its work and put into an average -- an enterprise software package, meta has to work out how it is working a letter at -- working ai related to its social networks. using hardware in the augmented and virtual audi space. has not gone so well but has a revival. i am on many different meta platforms. whatsapp, instagram. you will notice the ai agent is commonplace in the search bar. how do you make money from that? they are the loading -- the loudest advocate for open source. that gives them a leadership position. they have spent a lot of money. the upgraded capex last quarter. what to they have to show for topline growth is the question. scarlet: that extends to amazon and apple as well. when it comes to apple, it is a hardware company. we are going to look for some kind of commentary o

we have had an apology from sir ed - have had an apology from sir ed davey who is speaking to the inquiry. the apology essentially centres around his actions when he was a postal affairs minister from 2010. the main bulk of the apology and what he is now discussing is around alan bates, the sub—postmaster campaigner who wrote to him on the day ed davey took office in may 2010 requesting a meeting, saying that he represented a group of sub—postmasters who are having issues or had had issues with horizon it system. some of them had of course been prosecuted on the basis of evidence from that faulty it system. now, ed davey didn't meet alan bates. he requested a meeting, alan bates. he requested a meeting, alan bates, but he didn't meet him in may. he did beat him a few months later in october. he was the first government minister to meet alan bates. 0f government minister to meet alan bates. of course, the question is why, in that time period, he hadn't taken action to meet him sooner. he apologised and said that he was acting, essentially, one advice that he was being given by civil servan

ed miliband auoin in have promised more... ed miliband going in and — have promised more...ised more... ed miliband going in and the foreign secretary, | going in and the foreign secretary, david lammy, also going in. ed miliband saying jokingly that they are all surprised that there is a labour victory, of course, reflecting on his attempt to get into number ten. gus o'donnell, you mentioned the round of international calls, i was reading tom fletcher posting about this. he worked in number ten back in 2010, he talked about the nerve—racking moment trying to line up a call with president 0bama and fudged the line, told david cameron that the call would come in there and held in his hand —— held his head in his hand. how important are those reset moments, do you think? thea;r how important are those reset moments, do you think? they are very im ortant. moments, do you think? they are very important- this — moments, do you think? they are very important. this quite _ moments, do you think? they are very important. this quite often _ moments, do you think? they are very import

o'keefe, ed. >> ed: norah, it's good to be with you on the second night of the republican conventionusands of voters over the course of a campaign season. walking the floors just now and i recognize two places with me now. deborah and angelo from suburban iowa, they stick out a little bit. you make these on your own, don't you? >> i do, yes. >> ed: you are a delegate to the convention for the first time. remind me why? because well, i am a trump delegate for the first time, i am president trump's top volunteer in the state of iowa and in the nation. >> ed: how many phone calls have you made for the former for president? >> over 300,000. >> ed: if you reach a voter who voted for one of the other republicans who is in the race and they say to you, i'm still on the fence about why you should vote for him, what would be your sales pitch? >> well, i honestly feel that things have changed so much now. i don'tthat anymore. >> ed: you don't think what? you don't get that people -- >> no, the people that i speak to on the phone, they are all for trump. they know that our country needs a chang

sonali: ed al-hussainy and erik nelson, thank you. great perspective on how to make sense of it all. up next, we talk about the auction block. u.s. high-grade sales have exceeded expeditions every month this year, leading the year to date total to the highest level since 2020. we will talk about that credit rush, next. this is "real yield" on bloomberg. ♪ you know what's brilliant? boring. think about it. boring is the unsung catalyst for bold. what straps bold to a rocket and hurtles it into space? boring does. boring makes vacations happen, early retirements possible, and startups start up. because it's smart, dependable, and steady. all words you want from your bank. for nearly 160 years, pnc bank has been brilliantly boring so you can be happily fulfilled... which is pretty un-boring if you think about it. you have to make it. and if you want a successful business, all it takes is an idea, and now becomes the future. a future where you grew a dream into a reality. it's waiting for you. mere minutes away. the future is nothing but

and you have joint op-ed, why you chose of this issue to do a joint op-ed? >> while, thank you first of all for organizing this and i think the phrase that you use, a strong bipartisan support, is an unusual phrase to use in this town. and i think that highlights one of the reasons that both alex and i decided that this made a good topic to highlight during alleys my tenure at hhs entering the obama administration we continued to try and identify ways, i mean, one of the goals was the so-called triple aim, the right care, the right patient at the right time. lowering costs but not decreasing benefits and improving the quality of overall health care, including relations healthcare. so that was sort of the magic north star. and with the affordable care act there was a real effort to bring down overall costs of medicare and to approve some of the qy outcomes. and this became an early space to do that. where it was identified that if you were paying differentially for care and the quality didn't improve, all you were doing was layering additional costs on benefi

the lib dem leader, ed davey today . dem leader, ed davey today. bungee jumping. i mean come on now. do these antics actually convince you to vote for the likes of lib dem or not.7 also, starmer says that if he becomes prime minister, he will regularly stop work at 6 pm. and have family time. is this a goodidea and have family time. is this a good idea or quite frankly, if you want work life balance, should you be doing a different job? should you be doing a different job.7 you tell me. and an earthquake in europe . macron's earthquake in europe. macron's gamble to call a spontaneous election has to put it mildly, gone wrong. the extremes at both end of the scale have smashed his party. what do you make to it all? his party. what do you make to it all.7 and his party. what do you make to it all? and at glastonbury, it wasn't just the audience. crowdsurfing. oh no. a banksy artwork depicting a small boat packed with migrants passed along the crowd to, you guessed it, cheers. apparently it was legendary historic and epic. can you imagine if that took place at a refo

. >> ed miliband has gone feral. is he about to cost the taxpayer tens of billions of pounds plus he . tens of billions of pounds plus he. has tens of billions of pounds plus he . has people prisoners on he. has people prisoners on early release will be back out and about soon. will labour make britain less safe? and this lot of illegal immigrants are on the way? yeah, there we go . footage way? yeah, there we go. footage emerges of migrants getting violent as they try to cross the border into europe. there'll be more of that on the way very, very shortly. using weapons as they go. >> plus, i swear by almighty god that i will be faithful and bear true allegiance to his majesty, the king charles. >> is there trouble at the heart of reform? there's been a big internal fallout. i will reveal all. >> also look at her voting record. she is just a party stooge. she voted for all theresa may's deals. she voted for more net zero. >> well, sir graham brady, the former power broker to the tory party, will be live in the studio

that is serve ed davey giving evidence to — case.owing that, we have a live page on our website. so read david has apologised to sir alan bates for initially refusing to meet him when he was serving as postal affairs minister in 2010, saying in his witness statement that the letter to mr bates was poorly judged and that he did go on to meet him five months later. he also says he would have acted differently if the post office told the truth, and he was put on the spot by the council inquiry about who had lied to him, then a dem leader said he dealt with pawn animals and the former managing director, david smith. he said that these are the people passing information it was untrue. not surprising that people are accusing others of lying, but this has been a session during which the audience had been unhappy with the audience had been unhappy with the answers given lights are ed davey about his period as postal affairs minister. if you're a fan of warmer summer weather, this summer has certainly made you wait for it. the next few days w

starting to cut this year. >> that's not disagreeing with ed. he thinks it's going to happen too. >> he's not saying it's necessary. i think it's necessary for us to get started on the rate cut path for us to avoid a recession. >> necessary or not, he said it's going to happen whether he likes it or not. that was the point made a couple times. >> the difference is that could be the difference between a sustainable rally for small caps and cyclicals or it fizzling out. >> you've made the case that you're not a believer in the broadening story as much as you are in the mega cap story. you suggested on numerous occasions that you need to see the rate cuts first before that trade starts to work. have i said that correctly? >> yes. >> the market activity today would suggest that's not the case. now is the time to get in because the market believes cuts are coming and you want to anticipate it rather than be rea reactive. >> today what is going on has nothing to do with investors pivoting toward small caps. what is going on is systemic trading is rota

>> norah: ed o'keefe, thank you very much, ed. turning to that shocking assassination attempt on former president trump today, today there are growing calls from both parties for secret service director kimberly cheatle to resign after she was grilled on capitol hill. she revealed that she personally apologize to donald trump as cbs's scott macfarlane reports lawmakers are not forgiving her agency's security failures. >> nine days after a would-be assassin opened fire on former president donald trump and butler, pennsylvania -- >> anything to say to the people of butler? secret cert purity officer kimberly cheatle faced criticism. >> because president trump is alive coming to look incompetent. if donald trump had been killed, you would've looked culpable. >> from both parties on the u.s. oversight committee -- >> how could this happen? >> i can tell you, you are not making my job easier. >> you are full of belief today. being completely dishonest. >> cheadle acknowledged the severity of the breakdown. speak of the most significant

ed he's unchained, isn't he?s off the leash and straight away it's like, oh no, we're not going to do any more of this stuff. we're not doing it. and then the reverse ferret comes and this story is complete and utter total fabricated nonsense. of course, i just wonder with ed miliband how long we can stop him from doing stuff thatis we can stop him from doing stuff that is completely bonkers, that affects us all more importantly, how long? >> how long could keir starmer keep him? if he keeps doing this, he'll become a problem. and let's be very clear, ed miliband is so wedded to this now he's lost the idea that he needs to be practical. he needs to be pragmatic. he'd rather be right in his own mind and pragmatic for the british public and if we if we all, there's one thing we all agree on a cost of living crisis. if you do something like this, that crisis will become an absolute emergency. they'll have to rein him in and what he will find is running government is very, very complicated. you are not the sole power

ed yardeni says we have an insu inflection point. what is your wex word of the day? my word is recalibrate. there are reverberations and ripple effects from that. if you see follow through, look at the s&p 500 and it is trying to bounce back. the russell 2000 is up 1% in the pre-market. you till cwill continue to see taking from the mag seven. if that turns into reshuffling, nvidia is in over 500 etfs. that recalculation will continue. >> you did recalculation of your own. you bought the small caps a couple days before the cpi report. what is your outlook on small caps? tom lee saying it could rally 50% this year. he said that recaller. earlier. >> we have been chomping at the bit with the russell 2000. we did take an allocation. we did get excited on the fact interest rates will move lower. i'm not optimistic interest rates are going under 4%. i like small caps because they have been left out on the street. if you look at the longer chart, one-year, three-year, ten-year, it is a laggard. that will be contingent upon further profit taking in the mag seven. >> jeff, t

ed yardeni, the thing is, ed yardeni research president, ed, you're becoming more bullish.very time i read your work it feels more and more exciting. do you at least expect the rally to broaden out a little bit here? >> yes i do, actually. i think, as a second-quarter earnings reports come out, i think more and more companies are going to surprise to the upside and more importantly, i think more companies are going to start talking about how a.i. is actually, not theoretically, actually reducing their costs and increasing their productivity. so i think to the extent the market has been led by a.i. stocks, particularly the companies that make the shovels and picks like nvidia i think it is going to spread to a broader section of the market as we realize that artificial intelligence combined with robotics and automation and other kind of technologies that we have today can actually have a significant impact on cutting costs, increasing productivity and boosting earnings. charles: often when i hear productivity it sounds like euphemism for we were able to fire a lot of and pro

ed davey, the lib dems leader. _ express their will. ed davey, the lib dems leader.let's look - express their will. ed davey, the lib dems leader. let's look at i express their will. ed davey, the i lib dems leader. let's look at what is next for the conservative party. joining me now is sam white, the former chief of staff to sir keir starmer and caroline slocock, former private secretary to conservative prime ministers margaret thatcher and john major and the director of the think tank civil exchange. sam, you worked with a keir starmer in his early years. he has travelled a very, very long way in a relatively short space of time, and when you started working with him probably in the early days of the pandemic, did you ever think he could win with such a massive majority in one go?— could win with such a massive majority in one go? well, i went to work for keir _ majority in one go? well, i went to work for keir starmer _ majority in one go? well, i went to work for keir starmer three - majority in one go? well, i went to work for keir starmer three or - majority i

norah. >> norah: ed o'keefe, thank you. previewing that balloon drop tonight. now tony dokoupil is also on the convention floor, good evening, tony. >> tony: good evening, norah, the electricity is building up, revved up by tucker carlson, hulk hogan, who really got people's engines going, talking like a coronation here, the emperor at the games, donald trump in the box as the speeches are made, not just about him, but to him. but i would say it's more like the third hour of a wedding now, people have their shoes off and the ties are a little bit looser, joints or looser as well, there's a lot of dancing, i don't think it will be a two ibuprofen morning, may be three or four, but last year four years of the presidency and another campaign, can donald j. trump tonight with this crowd and to this speech expand the party and make history in november, ed mentioned the balloons, we will get a peek as those balloons are on the ground, what direction this campaign will go. for all the people talking to in this room, it does not really matter what donald trump has to s

let's bring in cbs's ed o'keefe., ed, seems like each week is burning more troubling signs for the biden campaign. what are you hearing from your sources? >> reporter: well, norah, as one senior campaign official told me, this is the toughest moment of the campaign. some at home might ask, why does george clooney's opinion matter? well, he is someone who spent personal time with the president just over three weeks ago and noticed his decline, having met with him several times in years past. he is a well-known character witness for many voters concerned about president biden's age and abilities. as for nancy pelosi's strong suggestion that biden rethink his future, that is signaling she is hearing real concern from fellow congressional democrats, make other party donors and other party leaders, and it gives others an opening speak up. >> norah: you know, ed, also one other thing. a big test tomorrow for the president, his first solo press conference in nearly eight months. what is at stake? >> reporter: another moment

ed davey. i think he's.? and here he is. >> tv picture editors the world over are saying thank you to the liberal democrats at the moment. >> political goals. >> political goals. >> but, over to something slightly less political because it's a historic moment for an historic royal residence, balmoral castle is throwing open its doors for the first time to the public and visitors will get an insight into the castle's interior designs, as well as the history of the king's scottish retreat. >> well, we're joined now by our scotland reporter, the lovely tony mcguire, who's at balmoral castle for us. tony, you're outside there. what's the atmosphere like? is anyone you've seen yet who's going to actually get the chance to go in? >> good afternoon. well, certainly it's a bit of a strange one. you know, behind me you see lots of people who are going up into the grounds of balmoral castle, as you know, for the summer, the castle grounds open and, you know, people speak very highly of the gardens for which they're ab

let's bring along ed ludlow from san francisco.robotaxi which has been talked about for so long has really become the focal point for tesla investors, this idea that tesla stock can recover from its stumble over the past year. ed: that speaks to the severity of the decline after we publish that report. what we are hearing from sources at tesla is that they are basically not ready, they wanted more prototypes of this purpose built robotaxi to show at the event, loosely scheduled for august 8, because elon musk had posted that it would be on august 8. it is delayed by three months, which doesn't seem like such a big deal necessarily, but we are hearing that is the impetus. they want more to show for it. the stock is down 6%, seems like a lot, but at the heart of the thesis is that autonomy, almost an uber-like service is a good proportion of tesla's future revenue. scarlet: this is something that elon musk has chosen to focus on rather than the production numbers, the fact that sales are cooling off. this has been driving the stock's

ed neighboured to make sure this absolutely _ bipartisan ed neighboured to make sure this absolutelyt even a _ sure this absolutely never happens again. it's not even a party- again. it's not even a party officially— again. it's not even a party officially in _ again. it's not even a party officially in thing, - again. it's not even a party officially in thing, the - officially in thing, the assassination- officially in thing, the | assassination attempt officially in thing, the - assassination attempt was just absolutely— assassination attempt was just absolutely unconscionable - assassination attempt was just absolutely unconscionable and | absolutely unconscionable and hastened _ absolutely unconscionable and hastened that _ absolutely unconscionable and hastened that chain _ absolutely unconscionable and hastened that chain us, - absolutely unconscionable and | hastened that chain us, should absolutely unconscionable and - hastened that chain us, should not have happened _ hastened that chain us, should not have happened. real— hastened that chain us, should not have happened-— h

so but then you've got the actual liability factor of ed miliband, the tories did a jig ed miliband,ies did a jig of delight when he became leader of the labour party back in 2010, and he should have done the job of an interim leader of the job of an interim leader of the party. he should have closed the party. he should have closed the gap on a coalition. so it wasn't even a strong government. it was a coalition. he failed to close that gap and he landed in with an even bigger defeat in 2015. so the man is a liability and he's showing it even more now because, as i understand it, we're going to be paying norway £14 billion for energy. they're going to be getting from, from from our own oil resources. i mean , how can that possibly mean, how can that possibly amount to any, any kind of common sense economically? and if given that labour, labour governments have historically had trouble convincing the electorate that they can be trusted on the economy, this isn't a very good start. >> labour would argue , alex, >> labour would argue, alex, that if you're going to have a green revoluti

>> norah: ed o'keefe in rehovid beach, thank you, ed.shocking assassination attempt on president trump today. today, there are calls from both parties for kimberly cheatle to resign after she was grilled on capitol hill. cheatle revealed that she personally apologized to trump as cbs's scott macfarlane reports, lawmakers are not forgiving her agency's security failures. >> reporter: nine days after a would-be assassination and open fire on president donald trump in butler, pennsylvania -- >> anything to say about the people of butler? >> reporter: secret security director kimberly cheatle faced persecution. >> because donald trump is alive you look incompetent. if he would've been killed, you would've looked culpable. >> reporter: from both parties on the u.s. oversight committee. >> how could this happen? >> i could tell you you are not making my job easier. >> you are full of [bleep] today. you are just being completely dishonest. >> reporter: looking at the severity of the breakdown. >> the most significant operational failure of the

we just broke ed miliband as energy secretary. ed miliband.een levies on every household bill. this has stuck in the craw of a lot of people out there who are very worried their bills are going to go up because of green taxes. and now ed miliband, he's been given the job. he'll be in charge of the drive to net zero, and that could cost taxpayers a heck of a lot of money. >> yeah, i mean, i'm a big fan of a band, known him a long time. >> i think it's really important actually. when we look at these people, it's fascinating because there's only a few that have actually been in government before, you know, because obviously it's been so long. >> and ed miliband is one of them. >> you know, i think when i first met him back in two thousand and seven, he was for a sector minister. and i think that experience is really important. and coming to what you're saying, i mean, look, i just think it's so important that we do have a vision for green energy. and actually, let's look at the positive side of this. we're going to invest in green energy. it's g

op-ed writers have fun ideas. about this that is weird is when richard nixon, who was a crook, was driven out of the party in the 1970s, he was given more dignity by his party, barry gold water went to him, came out that he gone to him privately we want to spare you the indignity of an impeachment. you need to step down before that happens. a deal was cut to be pardoned by gerald ford. he was given more dignity than democrats are giving their own sitting president who has done nothing much for them except give them a giant infrastructure bill, paid off student loans, give them $35 insulin. not given them anything to run on and not benefitting from that. that's supposed to benefit them. they need the cook political report to re-do their rankings. and they're like, destroy him. publicly. if they want him to go, isn't there a more dignified way for democrats to maybe behave than to publicly humiliate him. >> joy, this is an example of the difference in the two parties that as a former republican i can tell you if don

ed gordon has more on her rise. >> reporter: kamala harris burst onto the political scene. broke barriers as the first black and south asian woman district attorney of san francisco and attorney general of california before entering national politics. >> we know this is the first open senate seat we've had in almost a quarter of a century. >> reporter: in 2016, she won a senate seat in california. and it didn't take long for her presence to be felt in washington. >> can you give plme a yes or n answer, please? >> it's not a short answer. >> either you are willing to do that or not. >> reporter: presidential buzz grew quickly. she made it official in 2019. >> i stand before you today to announce my candidacy for president of the united states. [cheers and applause] >> reporter: her record as a prosecutor in california at time was at odds with the direction of the party, and her momentum faded. >> it is with deep regret, but also with deep gratitude, that i am suspending our campaign today. >> reporter: however, she would soon be on a new campaign. with joe biden. >> i picked