joining us now is stefan hartung, robert bosch chairman and ed ludlow is with us. : welcome to the program. you're going to invest $1.5 billion, retold the -- retool the fabs. how many hundreds of millions or billions did you pay for this company? stefan: i can't give you any financial terms in the bio -- by out of the company. you can see that this is a start of a venture. we are on a venture start, we invested $1.5 billion into the facility to upgraded to make happen silicon production and that is the product that is needed for the electrification of the automotive industry. ed: the benefit of silicon carbide wafer is energy efficiency used in terms of art -- charging battery pack energy management. why do you have to do this yourself? i don't understand why bosch needs to ensure their auto supply when you look at nvidia. do you not have confidence to market can supply chips in the future? stefan: we follow the strategy that we produce part of that the man ourselves all the time. we are active in a six --ascics -- it is a boost for the industry because it gives us

joining us is ed ludlow. let's start with apple opening its first stores in india. lots of fanfare. ed: lots of fanfare. india is an enormous country. the higher price points have not resonated with the consumer though when you consider the median household income. tim cook was in mumbai as bloomberg reported he would be opening the store. he opened the doors to the fans that rushed in. there is a second store opening in new delhi. they had the online store open since 2020 but this is the first physical store. as we reported earlier this week it is definitely a market that has great traction. through march apple booked $6 billion worth of sales, which is a 50% jump from the same 12 month period a year earlier. there is growth but it is a small percentage of markets globally. dani: how much of this is also about politics? not just making themselves present in the consumer side of the indian market but production and the shift away from china. ed: you can use splc on your bloomberg. i think we have the maps going but it is about 1% of products assembled or manufactured in india. 98% be

announcer: this is technology caroline hyde and ed ludlow. ♪ caroline: i'm caroline hyde. : i'm ed ludlow in san francisco. as bloomberg technology. caroline: bitcoin tops $34,000. the assets getting a boost on those moves. ed: a deep dive into one of the biggest u.s. intelligence leaks in history. caroline: all across the lice -- the race for intelligence dominance. 100 million dollars funding run for an ai research platform. first, let's check in on these public markets. tech is feeling a little less love. we are up 0.4% on the nasdaq. a little bit of nervousness for owning tech. interesting on the high side. after the easter holiday, the extended break, a little fuel under the fire. two-year yield is up. what is happening in terms of crypto? we managed to break free of that trading range. we were generally languishing around for the past few weeks. does it mean from psychological levels being hit now? are we going back to the eclipses with capital disintegration, or you saw tara luna were up 7% over the past two days? ed: the big question is why, but the what is out ther

ed: i'm ed ludlow in san francisco. as bloomberg technology. caroline: bitcoin tops $34,000.

and power glide in silicon valley and beyond, this is bloomberg technology with caroline hyde and ed ludlow. caroline: i'm caroline hyde in new york. ed: and i'm ed ludlow in san francisco. caroline: coming up, we will look the implications of trump's indictment on his ability to communicate with his own followers through the truth social app. plus will discuss the escalating technology war between the u.s. and china as japan joins united states and the netherlands and restricting exports of chipmaking gear to china. we get a read on that case for eb dominance. we returned to the markets. we returned some of the news around japan, joining the u.s. and the netherlands in terms of restricting the exports of chip industry over to china and its impact on the sops, down 2.2%. nasdaq down off of its highs. basically seeing risk aversion in the market. we are worried about banks and economic data pointing towards the u.s. recession. seeing yields down 11 basis points. what has managed to withstand some of the turbulence in the stock market has been bitcoin. it is off slightly by a quarter of a per

>> this is bloomberg technology with caroline hyde and ed ludlow. ♪ caroline: i am caroline hyde. : and i am ed ludlow. caroline: we will discuss why the valley may be disconnected from reality. ed: and a plunge in pc shipments. grappling with 20. caroline: and eclipse raises $1.2 billion. we will have an exclusive conversation with the founding partner. first, let's check in on these publicly traded markets at the moment. i think we want to go back to the broader markets. it is about chips. we are seeing what it means for inventory the nasdaq up by 10%. more about the economic fundamentals and the reserve giving us another 25 basis points. the bloomberg as we start to price in a more a more hawkish fed. we are seeing bitcoin managing to pull up. we all rely on what is happening in the world. a lot of volatility. ed: what happened friday, because it was a holiday in the u.s., it was thin volume. samsung basically said they are going to cut production to meaningful levels. you see certain names trading markedly higher second sales miss. that is where it is down 3%. the other data po

ed: i am ed ludlow in san francisco. caroline: a conversation about the future of technology with the stability ai, that just launched a chabad to rival gpt -- launched a chatbots to rival gpt. ed: price cuts and more shareholders are concerned he is spread too thin. caroline: earth day is coming up and we look at the pros and cartons -- pros and cons of carbon capture technology. let's look at what is happening with public markets. i wanted to show what is happening in terms of the benchmarks. i don't want to steal ed's thunder because this is one of the individual stocks but we are seeing may be completely flat on the nasdaq. we are going past some of the view of the macro perspective. we had the pmi data sub business activity showing strength. does that mean the fed does not have to hike? two year yield up for basis points, far more volatile than some of the benchmarks recently. i shine a light on crypto, a downward week, off by 7% in the crypto space. just by .6% on the day, relatively beautiful. let's move it on and

and power combine in silicon valley and beyond this is bloomberg technology with caroline hyde and ed ludlow. caroline: i am caroline hyde at bloomberg's world headquarters in new york. ed: i am ed ludlow, this is bloomberg technology in san francisco from the rsa conference, focus on cybersecurity. how are companies and governments around the world responding to the digital threat ? that's the conversation we will have here. caroline: there is so much competition around earnings. we start with this market check because let's go to where we are seeing movement. the buying of the nasdaq today, big tech on top because earnings outperforming microsoft. we will get to that in a minute. this is not a global story. some of the chip-related companies are underwhelming in terms of their own performance and we see a dive, a pullback in european technology trading. crypto is getting a real buy. is this risk on in the correlation or is this because we are still worried about the banking crisis? , this is seeing further record blows for this particular lender. we know that we have concerns around the ne

ed: i am ed ludlow in san francisco, this is bloomberg technology. down meta's results and push ahead to amazons after the bell. ed: our interview with the ceo of activision lizard as u.k. halts the deal. caroline:

ed: i am ed ludlow in san francisco. this is "bloomberg technology." means for tech stocks. nishi somaiya is with us, along with mike volpi. ed: we will get a read on the health of the banking system. aaron klein of the brookings institution joins with prospective. caroline: elon musk is back in the spotlight, this time wi

that is bloomberg's ed ludlow. you can catch ed on bloomberg technology.comes up in about 90 minutes at noon eastern, 5:00 p.m. in london. this is bloomberg. ♪ dani: we about an hour into the trading day. good morning alex. it is not really equities that has our attention and response jumping after the confusing data we have been getting which lends to the question of the day. is the recession delivered, delayed or denied? in the last hour fed governor chris wilder said inflation is still too high. >> you measure inflation by cpi or the fed's preferred measure of personal consumption expenditures, my job is not done. i interpret these data as indicating we have not made much progress on inflation. dani: in the words of all or, it is still too high and time to keep hiking. joining us is mustafa chowdhury macro hive chief strategist. here we have waller who is a man that is very close to powell. he is going to keep hiking, what does this tell you about our question of the day? is this recession delivered, denied or delayed? mustafa: thank you for having me f

money, and glide in silicon valley and beyond, this is bloomberg technology with caroline hyde and ed ludlow. >> i am caroline hyde. ed: this is bloomberg technology. >> alphabet slumps after report that samsung has considered placing google with microsoft trust being as the default search -- engine. ed: apple's sale in india wrap up. we will -- >> #love is blind turns to #loveislate. let's check in with the markets. the reality bites over the fact that we have earnings and we are looking at a stronger manufacturing week. the good news and -- nasdaq off by 4/10 of a percent. keep an eye on the bank earnings. where we see in terms of the mood music on deposits and how much concern we have among smaller lenders and what that means for the tech investing? the two-year guilt being pushed hired interns of yields -- two-year yield being pushed higher in terms of yields. we are getting a bit of the wind taking out of sales for crypto. what a week you have had in terms of they evoke a standup rate that was successful. maybe we dow back a little bit in terms of mood music with risk. we are down 3% as

ed: i am ed ludlow in san francisco. this is "bloomberg technology." caroline: what it means for tech stocks. nishi somaiya is with us, along with mike volpi. ed: we will get a read on the health of the banking system. aaron klein of the brookings institution joins with prospective. caroline: elon musk is back in the spotlight, this time with a two hour long twitter spaces. why npr has quit the platform. that and so much coming up throughout the hour. first, let's check on what is happening in public markets. the cpi print inflation data, some soothing of concerns, may pulling back a little bit. at the moment, we are flat on the nasdaq. bouncing off the low. s of the day. we think the federal reserve will have to hike my 25 basis points. two year yield, flat on the day. 4%. i am looking at goldman, the nasdaq golden dragon. alibaba is on the downside. jd is off as well. some key movement from the american depository. let's look at what is happening in the world of crypto. all eyes on the upgrade. what is happening with the shanghai upgrade. what is happ

and power glide in silicon valley and beyond, this is bloomberg technology with caroline hyde and ed ludlowcaroline hyde in new york. ed: and i'm ed ludlow in san francisco. caroline: coming up, we will look the implications of trump's indi

this is "bloomberg technology" with caroline hyde and ed ludlow. e at bloomberg's world headquarters in new york. ed: i am ed ludlow in san francisco. caroline: a conversation about the future of technology with the stability ai, that just launched a chabad to rival gpt

tech stories from the beautiful bay area and beyond, joining us is "bloomberg technology" cohost ed ludlowpt, a nobel prize winners says that could equal a four-day workweek. ed: yes, this is the london school of economics, somebody that has dug deep studies into the future of work and his argument is simple. chat gpt in particular can help human beings do monday and, straightforward tasks and on their behalf. his logic is simple that he sees generative ai tools simply adding to productivity. do you remember about three or four years ago before the pandemic when we were obsessed with the idea of a lack of productivity in the economy? we found it. chat gpt is the solution apparently. guy: if we are not working friday are we going to get paid less? ed: what the professor acknowledges as goldman sachs did last month in a deep research report from their economists is that there are hundreds of millions of jobs globally. goldman put it at 300 billion jobs globally with direct exposure to generative ai. the point that he makes is that these tools can be useful in basic circumstances but it will

coming up, the ceo of at&t joins caroline hyde and ed ludlow. will let alex think about gucci.truggling with the possibility of having to move. how's that going? we found a way to make bathing safer with a kohler walk-in bath. a kohler walk-in bath provides a secure, spa-like bathing experience in the comfort of your own home. a kohler walk-in bath has one of the lowest step-ins of any walk-in bath for easy entry and exit. it features textured surfaces, convenient handrails for more stability, and a wide door for easier mobility. kohler® walk-in baths include two hydrotherapies— whirlpool jets and our patented bubblemassage™ to help soothe sore muscles in your feet, legs, and back. a kohler-certified installer will install everything quickly and conveniently in as little as a day. they made us feel completely comfortable in our home. and, yes, it's affordable. i wish we would have looked into it sooner. think i might look into one myself. stay in the home and life you've built for years to come. call... to receive 50% off the installation of a kohler® walk-in bath. and take adv

>> this is bloomberg technology with caroline hyde and ed ludlow. caroline: i am caroline hyde in new york. ed: i am ed ludlow in san francisco, this is bloomberg technology. caroline: coming up, we break down meta's results and push ahead to amazons after the bell. ed: our interview with the ceo of activision lizard as u.k. halts the deal. caroline: we speak with keith rabois to discuss investment opportunities outside of silicon valley. once again, second straight day of gains on the nasdaq, leading the charge. it seems to be anxiety leaving us when it comes to tech earnings. still, there is worry about the u.s. economy, the growth slowing in the first quarter more than expected and the inflation risk still evident as consumers are spending. up 1.7% on the nasdaq, two year yield up by four basis points. i want to shine a light that asia did relatively well, china moving a little higher. european stocks on the upside, bouncing back after a big selloff yesterday. look at what other risk acid is proving volatile. check out the moves on bitcoin the las

ed: and i am ed ludlow. this is bloomberg "technology." roline: a torrent of tech earnings this week. we discussed what to watch. ed: artificial intelligence momentum. we speak to the ceo of runway. and we join the executive leading fidelity's charge into ai learning. caroline: what on earth is going on at twitter? the latest is coming up. caution consumes the investor base. it means we are lower on the nasdaq 100. the nasdaq is off by 0.8%. we wait and hope that maybe some of that fall we are likely to see in the earnings coming from the big tech giants manages to not undergo the pullback on estimates. we are also looking at the overall fundamentals of the macroeconomy. u.s. yields down for basis points. we are also eyeing a debt ceiling that could be pulled forward. it is all down to some of those taxes not going as high as we expected. i want to show the golden dragon . we are seeing the china tech trade also going lower as we worry about some. after the heady highs we have seen, we seem to be trading off at the current level at 27,000.

ed: i'm ed ludlow. caroline: this is bloomberg technology. roline:coming up, amazon is the latest to share love. the ceo pledged to keep investing in these areas despite cuts. ed: a software update went up without a hit. caroline: plus, how does a four-day workweek sound? we will speak with the nobel prize-winning economist who says ai may increase productivity so much that it will shave a day off your we we calendar -- your weekly work calendar. let's look at some risk asset love that seems to be across the board. some economic data and micro data showing softness. maybe the ppi showing culling on the front. bad news becomes good news when it comes to the hopes that the federal reserve would not have to hike so far so fast. nasdaq up one .5%. we are seeing money going into equities in europe, technology stocks, and also in hong kong, or we have seen some days of selling. many start to push back on some of the worries that the fed will have to hike more than 25 basis points. let's see what is happening in terms of other risk assets. ed, we wer

and power combine in silicon valley and beyond this is bloomberg technology with caroline hyde and ed ludlowam caroline hyde at bloomberg's world headquarters in new york. ed: i am ed ludlow, this is bloomberg technology in san francisco from the rsa conference, focus on cybersecurity. how are companies and governments around the world responding to the digital threat ? that's the conversation we will have here. caroline: there is so much

ed ludlow is on assignment today. this is "bloomberg technology".to tesla's drop in car prices are of tonight's earnings report. it is how the cut and prices now making the model nearly 30% cheaper. plus netflix falls off with briber -- off with subscriber growth estimates. people are getting extremely personal

. >> i'm ed ludlow in san francisco. this is bloomberg technology. >> we are urging social media users to stop circulating classified. meant as it works to clean up the biggest intelligence leak in decades. we will discuss. >> twitter allowing users to charge for subscription fees. they are looking to grab a social giant market share. >> we will hear from the ceo of amazon web services as there is a race for artificial intelligence dominance. so much more coming up. let's get to some breaking news. out of france, it is coming. the constitutional council has approved of the bulk of a pretty controversial pension reform from emmanuel macron. plus the leader of france at the moment, the bulk of this has been approved by the constitutional council. no market reaction. we are looking at what is happening in the united states, off by .1%. it will strengthen the retail data. we are continuing to grow which means they will have to tackle inflation, and that means nasdaq is currently off by .7%. not quite there. the index is in t

ed: and i am ed ludlow. caroline: we will discuss why the valley may be disconnected from reality.

joining me is ed ludlow. have to start with meda, because of a 14% on the day now basically doubled year-to-date. is this an ai story, an ad story? ed: there is a lot that investors liked. the stock at the highest level since february 2 20 22. the story has really changed, but it matches the changing narrative from zuckerberg. the first six minutes of his opening remarks were all about ai and he spent about 30 seconds discussing the metaverse. it shows you how we have shifted. the second quarter revenue of 29 point 5 billion to 32 billion dollars, even at the low end of the range, that was above what the street was expecting so there is a positive narrative around the core business on ads, how they are faring on a macro environment, but the cost discipline is key. guy: they're still spending a lot of money on meta. are they going to rename the company ai? that seems to be the new shiny thing that meta is talking about. what happens in terms of its spending, spending on the metaverse if this is the new reality

caroline: i'm caroline hyde at world headquarters in new york, ed ludlow is on assignment. this is bloomberg.. gs mc jumps despite global slump in chips. tesla risking margins to boost sales all humans. they have been cutting car prices on a near monthly basis and elon musk hinted at more cuts to come. spacex is one step closer to getting humans to mars after getting it starship off the ground. we break down the surprise ending for the historic launch. but first we check in on the markets. we are actually getting some reprieve to some individual movers today. wanted to go up more broad to start but i will go in on the micro, ibm up .9% as a gave a forecast in line with analyst projections, a cautiously optimistic sign amid this uncertain economy. up 7.7 percent, managing to outperform as some of the china curves are not impacting the company as much as it had anticipated. we have breaking news that biden is to unveil china investment curves before the g7 summit in may. we moved back to the broader indices, nasdaq off by .5%, headwinds in the economy, signs more of those rec

with caroline hyde and ed ludlow. caroline: i'm caroline hyde at bloomberg's world headquarters. ed: i'm at the san francisco. this is "bloomberg technology." caroline: a huge day for big tech earnings. spotify out of the game. microsoft and alphabet. the ai search engine front of mind for investors. ed: the european union says 19 major online platforms and search engines will be subject to extra scrutiny under his new content moderation rules, including a plan to conduct a life stress test at twitter. caroline: the app blue sky is backed by jack steil -- jack dorsey, emerging as an alternative to twitter. what makes it different from the competitors? let's check in on the markets. we are worried about recessionary risks. we are worried about the macro environment, setting off on the nasdaq more than a percentage point lower. some of the data, whether it be about consumer confidence, housing prices, u.s. economy 10 year yield. flight to safety. 10 basis points. seven basis points on the downside below that today moving average. not only risk-averse in the u.s., also for the sixth

coming up bloomberg technology with carolyn hyde and ed ludlow. the s&p just down a touch.the day. this is bloomberg. ♪ everything's changing so quickly. before the xfinity 10g network, we didn't have internet that let us play all at once. every device? in every room? why are you up here? when i was your age, we couldn't stream a movie when the power went out. you're only a year older than me. you have no idea how good you've got it. huh? what a time to be alive. introducing the next generation 10g network. only from xfinity. the future starts now. >> from the heart of where innovation, money, and glide in silicon valley and beyond, this is bloomberg technology with caroline hyde and ed ludlow. >> i am caroline hyde. ed: this is bloomberg technology. >> alphabet slumps after report that samsung has considered placing google with microsoft trust being as the default search -- engine. ed: apple's sale in india wrap up. we will --

we are joined by ed ludlow. they said the starship experience had an unscheduled disassembly. does that mean? ed: at an altitude of 29 kilometers above the earth, the structural integrity of starship, both the combined entity of the booster and the spacecraft, something went wrong. the main takeaway is that there was no stage separation. the plan after the three minute mark from launch was that the heavy booster would detach from the spacecraft, and the spacecraft would continue for about an hour at an altitude between 150 two 250 kilometers above the earth. it did not happen. there was no separation. you saw the combined starship system falling back down to earth, rotating in midair, and there was an explosion. but this was a success from spacex's point of view. this launch exceeded expectations. dani: next time i have an accident, i'm definitely calling it a rapid unscheduled disassembly. using that one. and you get into the idea that this was still a success? what did they learn? what is important that they were able to achieve? ed: in the first instance, all they wanted to

joining us is ed ludlow. story i loved was that google and amazon have been paring back the workforce but having a hard time in europe. ed: both companies have thousands of employees in france and germany. within the european union, labor productions make it difficult to enact layoffs if there has not been prior consultation with relevant work bodies. in the case of germany and france for example, they are negotiating with work councils. they are pure elected groups. company specific. they negotiate with management and say if you want to do layoffs, what it does the size and scope of the layoffs look like? what roles will be impacted? and in the case of those jurisdiction, we could be weeks if not months away from a resolution in those markets because of the hold up and what we find as a result is alphabet and amazon are trying to find ways they can do headcount reduction to deal with this situation without hard and fast layoffs. guy: what does this mean for workers? ed: it is most acute in germany and france.

caroline: i'm caroline hyde at world headquarters in new york, ed ludlow is on assignment.his is bloomberg.. gs mc jumps despite global slump in chips. tesla risking margins to boost sales all humans. they have been cutting car prices on a near monthly basis and elon musk hinted at more c

ed ludlow is on assignment today. this is "bloomberg technology". today we drive into tesla's drop in car prices are of tonight's earnings report. it is how the cut and prices now making the model nearly 30% cheaper. plus netflix falls off with briber -- off with subscriber growth estimates. people are getting extremely personal despite concerns over privacy with chatgpt as some turn to it for therapy. we discussed but's first -- but first, let's check in on estimates. some come on in drive. you are also still thinking about what the federal reserve and global central banks have to do to tackle inflation. they nasa off by 0.1%. the 2-year yield has concerns about interest rate hikes of almost seven points on the day. the vix is still well low 17 so anxiety is playing into some fear indices. we are seeing some nervousness around the riskier assets like crypto after what has been a phenomenal run of in bitcoin. just about 3.7% on the day. 29,000 is where we are at. kriti gupta is here to talk us through some of these moves. kriti: the big one is the n

ed: i am ed ludlow.quarter, nest like 100, is it a bull market will it stay? morgan stanley thinks maybe you should be warning about this tech rally.

as long -- with ed ludlow. ed: good morning to you pat.want to know what green shoots are and what do they look like for you. what's giving you that i just wanted thank my team for q1. the first half a stronger than the second half, thus typically the case. we see that as a factor. but we have improving product. we saw a turning point where there is a stronger product line. some economic green shoots in the second half as well. kailey: there are number of analysts that says intel has had its trough. is intel and its trough, coming out of its trough? pat: from a growth margin perspective, we are expecting similar margins in q2. in improving position on margins. and an improving bottom line. i would also say there is a lot of turbulence. it also requires a lot of execution and financial discipline. they are doing what i asked them to do. guy: can i take you back to what you talked about i expected takes a little bit longer. pat: the data center started to drop a little bit later. we believe the inventory corrections will be completed. this i

joining us now is ed ludlow let's begin with amazon because yesterday, you said you were watching the and it turns out the cloud forecast was cloudy. ed: i got lucky. it was and in the moment story because shares were up significantly after hours and the call gets underway in the cfo discloses that from the one quarter into the current, sales growth decelerated by 500 basis points. that really hit the market. they didn't want to hear the cloud growth was going in the wrong direction. this has historically been the cash cow for amazon. the explanation was that customers are under pressure because of the macro picture and they are trying to cost optimize and put pressure on aws to run more efficiently at a lower cost. guy: put amazon and aws together with microsoft. ed: the cloud is at the center of those things because they all can pete a in a market thatws leads. alphabet had its first profitable quarter so i think macro speaking, we recognize things are improving out there and deflation -- inflation is decelerating, it's easy in markets outside the united states but there is a cautio

ed: i'm ed ludlow. caroline: this is bloomberg technology. azon is the latest to share love. the ceo pledged to keep investing in these areas despite cuts. ed:

joining us is ed ludlow. it's a pleasure.ing its capex on the high-end, looking at $9 billion. that seemed to surprise the market. >> the shares fell sharply in response. that didn't last very long. it continues a trend for tesla. $7 billion on the low end of the range, $9 billion on the high end of the range. it is a billion-dollar boost. it goes back to the idea that while the company is cutting prices, elon musk is committed to growth or maintaining rates of growth, including investing for that growth, even if that comes to the detriment of the bottom line. guy: his texel -- his tesla no longer up luxury car company? >> i think if you are a shareholder or an owner, you would point out the broader cost of ownership. you take into account the federal tax credit and the cost of operating the vehicle. thumane: tesla is to produce the $25,000 tv. we are not quite back to that level. we have the elevated $50,000 sticker prices that are part of the tight supply stories. alix: is it because they have to build plants? is it because

in silicon valley, it is a cloudy morning and joining us is ed ludlow. s go to chatgpt and ali paula -- and alibaba is entering the fray and is trying to end survey -- integrate ai features. ed: the ceo was on stage and he has given the outlines on how alibaba will introduce their limits model called tongyi qianwen --their language model called tongyi qianwen. it translates to truth from 1000 questions. the tool is similar to slack, for those of you who are using flat. their version is called dingtalk. they have smart speaker similar to amazon's alexa products. it is interesting because they are lost in the list, and tencent is putting out what they have and baidu has played their hand. the arms race around ai in china is heating up. guy: there has been speculation about whether or not we should take a pause with this technology. elon musk has talked about that and many others. what are the chances that the chinese pause? if the u.s. pauses, with the chinese leapfrog --with the chinese leapfrog? ed: it is a big question because news overnight was china's

. >> i'm ed ludlow in san francisco.loomberg technology. >> we are urging social media users to stop circulating classified. meant as it works to clean up the biggest intelligence leak

we will also touch base with ed ludlow on the west coast. starship from spacex. tom: it is complex, the complexity of this rocket deep into space is not like apollo. jonathan: we will make time for next on bloomberg. >> lisa: keeping you up-to-date with news from around the world with the first word. let's get to that rocket, spacex will launch its massive deep space rocket starship into space this morning and these are live pictures and if successful, the test flight will be a critical milestone in their ambitions for manned missions to mars and they plan to use the same spacecraft to return to the moon. the starship will be the most powerful rocket ever built. first republic bank has lost nearly 90% of its market value this year. the stockpile of low loans is being blamed. many of them have been to wealthy homebuyers and property investors with high incomes and good credit scores who have years to start paying them down. mortgages are performing well but the low rates have delayed repayments. analysts are estimating a big drop in deposits.

guy: ed ludlow joining us.will get to the oil story and i guess will join us from energy aspects. this is bloomberg. so... i know you and george were struggling with the possibility of having to move. how's that going? we found a way to make bathing safer with a kohler walk-in bath. a kohler walk-in bath provides a secure, spa-like bathing experience in the comfort of your own home. a kohler walk-in bath has one of the lowest step-ins of any walk-in bath for easy entry and exit. it features textured surfaces, convenient handrails for more stability, and a wide door for easier mobility. kohler® walk-in baths include two hydrotherapies— whirlpool jets and our patented bubblemassage™ to help soothe sore muscles in your feet, legs, and back. a kohler-certified installer will install everything quickly and conveniently in as little as a day. they made us feel completely comfortable in our home. and, yes, it's affordable. i wish we would have looked into it sooner. think i might look into one myself. stay in the home

ed: i am ed ludlow. carolyn cope we are going to kick out the second quarter, nest like 100, is it a bull market will it stay? morgan stanley thinks maybe you should be warning about this tech rally. ed: delivers fall short of elon musk's expectations. caroline: the latest on his spat with the new york times as a loser verified badge on twitter. first, we dive into the market action. we talked about potential of a bull market. earlier last week in terms of the nasdaq, just coming off its highs, down by a percentage point almost. this as we get the sharp move from opec-plus between saudi arabia that they will be curtailing production. the fears of inflation are back. the borrowing cost surged earlier but they turned around. the yields are back. why? manufacturing data came in much weaker than expected. i want to look at what is happening in terms of crypto and bitcoin. we have seen it plateau around the 28,000 mark. we took a dip lower earlier as the market soared. now off by about one and a quarter perce

joining us now is bloomberg technology cohost ed ludlow. spotify up a nice 4%. more subscribers. to me, does not say we are slowing, the consumer is slowing. ed: they seem to be growing. i think the two hundred 10 million paid subscribers a jump in 15% monthly users breached the 500 million mark. both above expectations. what you are seeing is they missed on the top line. but investors on the sell side are being a little bit forgiving. look at what they did to grow their user base at a time where apple music is raising prices, where there is more competition. they look at the profitability of the podcast and music business. then, spotify gave us an outlook for the current quarter that was also quite bullish. it was a surprise bright spot early in this earnings season. guy: a lot of people are talking about the bar being lower from anywhere seen come across. is that true for tech? how high or low is the bardi? -- bar? ed: it's a good question. if you take the technology stocks in the s&p 500, we expect eps to pull back a 15% year on year. we know what the problems are. for the like

that wraps it up for me and guy, coming up bloomberg technology with caroline hyde and ed ludlow. back on monday. have a good, long weekend. happy holidays. this is bloomberg. ♪

joining us is ed ludlow. spacex planned a launch on its starship rocket. it was scrubbed.tempt, elon musk tried to set expectations very low. he hosted a twitter space for subscribers only where he said the chance of it being scrubbed was greater than launch. they are trying to do is technically difficult. it is on a scale the space industry has never seen. this is a combined launch system that has twice the thrust of the saturn five, which last flew in the 19th them these. he said look, if there was any risk at all, there would be catastrophic damage to the launchpad, we would hold and try again. that is your main takeaway, that spacex by doing this wet dress rehearsal learned a lot about the starship launch system, which they have never launched as a whole combined system. the stage one super rooster and the stagecraft we are showing on her screens right now. dani: it is a behemoth of a rocket. what is at stake if they can't get a launch together in a quick timeline? if this keeps getting delayed? >> the profound forward-looking state is this is the ship that is designed

ed: i am ed ludlow in san francisco. about half past 11:00, the nasdaq breaking into the green as we work towards what is going to be a holiday-shortened week. may be more risk appetite building into the system. we are anticipating the all-important job stated tomorrow. the two year yield flat after being on the downside as money sought more safety. we are seeing bitcoin at the 28,000 level. moving on to some of the micro moves, if we are going to see money moving into stocks it is going to be ai related on the day we are looking at technology. alphabet shares up 2.5%. the reporting from the wall street journal is, yes, we knew that an ai chatbots was being developed at google, but they are liking to lace it in and provide the impact within google relatively swiftly. alibaba, more certainty. as soon as next week we will understand the unveiling of its new generative ai chabad and what they have on the table in terms of china. caroline: a lot of this discussion is playing out on social media. you and i are in the news bus

ed: and i am ed ludlow. this is bloomberg "technology." tech earnings this week. we discussed what to watch. ed: artificial intelligence momentum. we

our colleague ed ludlow says it is a window into what alphabet is seeing, and they are seeing a bit of. rishaad: it was about cloud and cloud demand. a big theme for microsoft. we look at their ai forecast and it is much stronger. google executives just said it will be incorporated gradually into search, and essentially microsoft said it is part of a much more dramatic shift. you can see why those discrepancies in how high the shares went between microsoft and alphabet. su: the shares soared about 8%, a big move as they talked about ai. they want to be a leader in this and they gave this strong forecast, much stronger than expected. they see fiscal fourth-quarter revenue of $54.8 billion to $55.8 billion, beating estimates, but they have talked about the commitment to being in the lead to ai, and that is what has caught investors' attention. a clear contrast to alphabet, which again was bid for the second quarter in a row. microsoft has spent billions of dollars on open ai, the company behind chatgpt. you can see the rollout of announced plans to deploy the -- employed the tech across