ed: i am ed ludlow in san francisco. caroline: the u.s. opens an investigation into the chinese chips made in huawei. ed: plus with the u.s.-china ban means for apple. we discussed with two guests. caroline: we will check the pulse of the market. instacart prepared to go public in a couple weeks. strike in on these markets. we are getting a reprieve today. the nasdaq is up 0.4%, even despite some pushing up on the yields. we are seeing called me across the yields more broadly. the two-year yield is holding around 4.96, down from the 5% high, but all speaks about macro concerns about how long the fed has to keep rates high, and what is happening abroad, particularly in china. seems china is willing to let its own yuan go lower because it helps their exports. at the moment, a tug-of-war of what is happening in china. the dollar benchmark is just managing to calm after its rise yesterday. let's have a look at crypto. the rise in the u.s. dollar has put crypto under pressure. we remain in this new normal. 25,138. going to some micro-and individ

money collide in silicon valley and beyond, this is "bloomberg technology" with caroline hyde and ed ludlow. ♪ emily: i am definitely -- ed: i'm ed ludlow, carolyn hyde off today. qualcomm and apple extend a some of dr. agreement for three years and decide that the in-house apple chips are taking longer than expected. and you former chief of staff alibaba leading the cloud division months after agreeing to lead it. more on changes and uncertainty facing the company as it advocates a complicated breakup. initial public offerings as instacart kicks off the roadshow and a valuation that is a big drop from the pandemic heyday. that and more. apple and qualcomm, this is about modems that go into the iphone, connecting them to the high-speed 5g network. this is boosting qualcomm up 3.5%. bloomberg has reported that apple has been working on its own in-house modem. in 24 hours, they will unveil the iphone 15. the expectation was that will be the last one to use the qualcomm moto but that is not the case. let's bring in our guests. what are the terms of the agreement as we understand it? >> they di

ed: i'm ed ludlow, this is uber technology. roline: what is next to expect in the generative ai and vr plans. ed: plus reactions to the antitrust suit against amazon and hear from the chair herself. caroline: we will discuss the state of ai and the regulation with the cochair of the government ai review. all of that and more coming up. we will check on the markets, macro dictated. flipping between gains and losses. seems to be being moved by this market, the bond market, yields backup for basis points. look for the decade-long highs, 4.5 seven on the 10 year at the moment, about 5% on a two-year, worried about the direction of travel for the federal reserve and a potential government shutdown in the red states. interesting that we see the dollar pushing higher. we expect the fed to have to push back on where some of the inflation pressures have been. the dollar index for the sixth straight day, the longest winning streak. in the face of a stronger dollar, bitcoin higher, .5%. about of buying in your trading. to get back to the m

ed: i am ed ludlow, reunited in new york city, this is "bloomberg technology." caroline: full ipo coverage. we will bring you everything you need to know. ed: we will get the inside look into the digital asset industry as the firm announces it has raised 500 $80 million for new funds. caroline: the ai startup raises 100 million dollars to further grow its business. we will have an exclusive conversation with the ceo. let's check in on markets. we are all looking at what is happening in terms of the fed, the bank of england, the bank of japan as well. the two-year yield ticking higher. some nervousness about whether we are expecting a pause later this week. new york crude the inflationary pressure point. $92 a barrel, up one point 2% again. -- 1.2% again. even amid the caution and nerves, we are seeing a bid into bitcoin. we are seeing some outsized moves. still above the $27,000. ed: there is a lot of news driving movers. apple rallying up 1.9%. they are trying to make sense of the early preorder data for the iphone 15. the market seems to like what it is seeing.

ed: i'm ed ludlow in san francisco, this is bloomberg technology.erage of the salesforce dream conference where ai will take center stage and we will break them what to t

ed: and i'm ed ludlow not in san francisco. this is "bloomberg technology." caroline: we will dig into microsoft's deal with activision. ed: talks progress with ford. caroline: plus, iphone 15 hits the shelves around the world. we will get the read on the state of demand for the new product. but let's check in on the markets. if you were not standing in line in central park, maybe you are looking at the new music. upwards of one percentage point on the s&p 500. we are seeing buying on the debt market. six basis points to the downside on the 10-year after it hit a 10-year high. we are seeing what is a little bit of tentative purchasing in bitcoin. only up 0.1%. what is driving this is because the data looked worse than usual and slowing in terms of business spending. data points showing the fed may be does not have to hike so much. or is it u.s.-china? are we starting to see these meetings with the u.s. treasury department between senior level government officials in china and the u.s. help the relationship? some of the internet related names trading up. what a

in san francisco, ed ludlow, thank you. 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. alix: we are about an hour into the trading session and stocks are checking out. abigail attracting the moves. -- is tracking the moves. abigail: it will be interesting to see how we fair because yesterday, stocks were higher and they went solidly lower and then higher and closed mixed and we are looking at the mixed market as we go into the month end and the core end -- the quarter end. if we flip of the board, i am not sure what we are going to see. that is the real estate index and this is the worst month, the worst sector of the year. the s&p 500 heading to its worst month of the year and most sectors are low

ed: i'm ed ludlow in san francisco, this is bloomberg technology. caroline: full coverage of the salesforce dream conference where ai will take center stage and we will break them what to expect. ed: we will go live to washington as tech leaders to send on capitol hill with a meeting with senators to discuss artificial intelligence. caroline: and we will stay in washington to get the latest from the google antitrust trial and break down the biggest takeaways from apple's wanderlust event and the continued china concerns. all that and much more including a quick check on the markets. we are actually getting a bid into u.s. benchmarks with the nasdaq up 0.4%. we managed to shake off the anxiety and european trading where the european benchmarks moved to the downside and the u.k. is showing signs of concern and we are worried about germany and the ecb signals tomorrow. the two year yield is tipping a little bit. the cpi print was the all-important number for the u.s. today and core cpi is still running hot, hotter than the fed would like so could we sti

ed ludlow is off. coming up, markets dropped, we talk all things ipo.est of the year. instacart set to go public next week. we talked to the former ceo of sophia as his company joins others. how will the

ed: and this is ed ludlow. caroline: coming up, clay beal becomes a third major u.s. listing in the week. we sit down with the ceo and investors in the company. ed: germany wants to ban key parts from huawei from its 5g network as the country reviewed its relies on chinese tech. we have more ahead. caroline: amazon announces a new smart home device and generative alexa. we discuss with david lynn. ed: we are going nowhere on any asset class related to technology or otherwise. it is fed day and we will have special coverage of that decision later this afternoon. basically the market sees them holding rates steady. nasdaq 100 completely flat. nasdaq golden dragon index had been outperforming, up a few tenths of 1%. we will talk about u.s. china relations in the context of tech later in the show. u.s. 10 year yield, for 3%. bitcoin at 27,000 u.s. dollars per token. this is the definition of treading water ahead of the big fed decision. caroline: all eyes on the macro. go micro for a moment, the stock movers are interesting. there are updates from certain companies and i'm

caroline: live from headquarters in new york, and i am ed ludlow. cisco makes a 28 billion dollars deal and what it means. ed: we will talk about the health of the ipo market. caroline: plus, the latest in the media world. rupert murdoch steps down. that and so much more. we have had the federal reserve, hawkish narrative. we look at the bank of england and they made a as well. the nasdaq is down a quarter of a percent. 10-year gilts is pushing up .06. will the fed have to hike later this year? the pound is down .37%. this is a story of dollar strength. after the jobless data, where 2% on bitcoin. what do you have? ed: microsoft is holding an event here in downtown new york we get copilot, later in the show we will bring you those details. microsoft up by .2%. google cloud is going to ditch broadcom by 2027. it is custom solely can, so therefore broadcom is moving down 3.6%. cisco is going to 157 per share. that's a 30% premium on the closing price of splunk that's up 21%. so network --. caroline: is this a good deal despite the amount? >> splunk ha

ed: i'm ed ludlow, this is uber technology. xpect in the generative ai and vr plans. ed: plus reactions to the antitrust suit against amazon and hear from the chair herself. caroline: we will discuss

>> this is bloomberg technology with caroline hyde and ed ludlow. caroline: i'm caroline hyde at bloomberg world headquarters in new york. ed: and i am led ludlow live in cupertino at the apple campus. this is a special bloomberg technology for coverage of apple's iphone event. caroline: we will have that extended coverage on apple, it's product launch as the couple faces internal ship delays and a shifting supply chain. we will break down everything you need to know, and we will cover google's biggest antitrust challenge yet as the department of justice and 35 u.s. states sue the search giant, accusing it of a monopoly. and we will hear from endeavor president as the company completes its takeover of wwe and combines it with usc -- with ufc to create a publicly traded giant. we will talk the streaming implications and so much more ahead. we have to be discussing what is happening in the world of apple. this is an exciting time in terms of the iphone 50 launch. i feel like -- the iphone 15 launch. i feel like we know what to anticipate. there are a l

caroline: live from headquarters in new york, and i am ed ludlow.

this is bloomberg technology with caroline hyde and ed ludlow. ♪ >> ed ludlow is off today and carolineyde is live at nasdaq. we are live to bring you live coverage of the arm debut. we will push ahead to the other companies lining up to go public. we will also look at the process for digital dollars with fitz giancarlo. before we head over to the nasdaq with caroline hyde we are also getting indication that arm may open shortly. we are giving estimations of starting at $66. let's see where we had. caroline: how important is this arm listing. >> it is important. it needs to trade well. this is a moment in time where everyone is paying attention and markets have been open to great companies for some time now. it has really been on the supply side and arm is said to unlock that. caroline: many people want this to be a bellwether, it's at the tipping point of ai, how hard is it to the square of demand what is happening behind the scenes? karen: it's important to get the opening cross right. we provide technology to the person opening the stock which is jp morgan in this case. we turned it

ed: i'm ed ludlow. caroline: the president joins uaw workers on strike to discuss what it means for the ev industry. ed: the latest on the antitrust battles and the google trial continues. caroline: apple's biggest start of the year. more on the product misfire. breaking news around one certain company with regulatory requirements and ftc crackdowns. this -- the nasdaq is down one point 27%. two-year yields pushing up by two basis points. there is movement on the dollar. the vix is picking up with volatility issues. the ftc is looking into amazon. it is up from the lows of the day but down 3%. they are being affected by the interest rates and the selloff in big tech. ed: the ftc is saying that amazon takes punitive and causative actions of putting products of theirs about others are this is the fourth case against amazon specifically focused on the online portion of its business. this suit is what the ftc has filed in federal court. it has happened and now we go and ask, what risk does this pose to amazo

joining us is ed ludlow. i want to start with broadcom, downbeat forecast. no matter what the narrative about demand they are not showing up in the financials. that is the difference between broadcom and nvidia. broadcom makes two types of chips, one allows for the flow of data between different computers, stacks within the server and the other is the custom silicone business -- silicom business -- silicon business. $9.27 billion was below the low end of what analysts estimated and way off from the high-end. even if the ai business is growing and there is demand and sales there, the rest of their business is not growing, it is declining. if you look at the commentary from the call, if you strip out ai it wouldn't be worth it at all. dani: how does it make sense that broadcom has that lack of growth without ai but dell surprises both on pc and data centers? ed: that is the question i asked this morning. dell sales fell 13% year-over-year in the quarter gone. the outlook they gave for the current period, between $3 billion for the fiscal quarter ending in octob

power collide in silicon valley and beyond, this is "bloomberg technology" with caroline hyde and ed ludlow hyde. ed: i am ed ludlow, reunited in new york city, this is "bloomberg technology." caroline: full ipo coverage.

ed: i am ed ludlow in san francisco. caroline: the u.s. ation into the chinese chips made in huawei. ed: plus with the u.s.-china ban means for apple. we discussed with two guests. caroline: we will check the pulse of the market.

ed: and i'm ed ludlow not in san francisco. this is "bloomberg technology." rosoft's deal with activision. ed: talks progress with ford. caroline:

ed: and this is ed ludlow. caroline: coming up, clay beal becomes a third major u.s. o and investors in the company. ed: germany wants to ban key parts from huawei from its 5g network as the country reviewed its relies on chinese tech. we have more ahead. caroline:

coming up, ross gerber will be joining ed ludlow. happy friday.mberg. ♪ it's an amazing thing when you show generosity of spirit to someone. and you want people to be saved and to have a better life, then you don't stop. the idea that we have saved five million people's lives, it's overwhelming. it's everything. >> from the heart where innovation money and power collide in silicon valley and beyond, this is bloomberg technology with caroline hyde and ed ludlow. ♪ ed: i'm in san francisco and caroline hyde is off today, this is bloomberg technology. coming up, arm repairs for its ipo with a roadshow and we will discuss with our team and speak to ross gerber. plus, full earnings coverage ahead. de

with james hardie™. >> this is bloomberg technology with caroline hyde and ed ludlow.oline hyde at the world headquarters in new york. ed: i am in san francisco and this is "bloomberg technology." caroline: apple wiping out 200 million -- $200 billion in value. we discussed the output and what it means for u.s.-china the -- u.s.-china relations. ed: we

we want to bring in ed ludlow joining us from san francisco.rse update, it feels like this is an opportunity for meta to explain on the headset side how they will stay relevant versus apple with the vision. are you watching? ed: i can tell you the street is super focused on ai and that's away from the metaverse and hardware side. we got the quest three, they told us we would get the quest three at meta connect. they are raising prices from $300 to $500. it's a mixed reality headset and some of the functionality they are talking about speaks to the strategy against apple. you can have virtual reality were you are playing a video game or watching a movie within the headset. but a top of the button turns it into mixed reality, images printed onto real life around you. one source i spoke to ahead of meta connect at the company was saying we are keen to demonstrate that we have worked out how the software and hardware together. the apple vision pro is at a completely different price point $3500 but it comes with the exclusive apple software and cont

ed: i am ed ludlow in san francisco.p mind has a new venture fund that will bankroll young ai startups. it has raised $14 million for more than four dozen different investors. openai is in talks to raise more than $1 billion from softbank to develop a consumer ai device. that is the financial times reporting, citing sources. designed the iphone of artificial intelligence. plus, it raised $150 million in a series e financing round led by bond, bringing its valuation to $2.5 billion. it will grow its collection of searchable business content and make strategic acquisitions that expand its capabilities. caroline: blacklane is now providing premium chauffeur services. a company seeing a valuation 50% higher than his previous month from 2020. it includes mercedes-benz mobility. the company continues to expand. jens wohltorf, blacklane ceo, is joining us. back in 2011 when you first founded this company, many thought it was the european version of uber but you managed to carve a different path, offering different kind of rides

ed: and i am led ludlow live in cupertino at the apple campus.logy for coverage of

money collide in silicon valley and beyond, this is "bloomberg technology" with caroline hyde and ed ludlowfinitely -- ed: i'm ed ludlow, carolyn hyde off today. qualcomm and apple extend a some of dr. agreement for three years and decide that the

ed ludlow is off. coming up, markets dropped, we talk all things ipo. arm completes the biggest of the year. instacart set to go public next week. we talked to the former ceo of sophia as his company joins others. how will the uaw strikes impact automakers and electric vehicle market? we discuss that anymore plus, check on the markets because it is a down day. more volatility comes as the options expire. nasdaq off by 1.3% per year feeling the pain. so too is the nvidia. tmc ask major suppliers to potentially delay shipment of equipment. with the seat with her or not bloomberg can conform those reports but the chip sector down by 2.4 percent. bitcoin on the downside. individual movers i want to get to you because we have seen the likes of adobe underwhelming down by 3.8%. the numbers come in line but not good enough and though they did see continued strength in the media business. apple on the downside is we saw strong demand for the ipo 15, -- iphone 15. the comeback is here. this week was the biggest debut of the year. speaking with the ceo rene husk

>> this is bloomberg technology with caroline hyde and ed ludlow. caroline: i am caroline hyde at the world headquarters in new york. ed: i am in san francisco and this is "bloomberg technology." caroline: apple wiping out 200 million -- $200 billion in value. we discussed the output and what it means for u.s.-china the -- u.s.-china relations. ed: we dive deep into artificial intelligence with the ceo of imbue and the former ceo of argo ai as he embarks with a new mission from softbank. caroline: instacart preparing to set its ipo price rate as the start up is gearing for its roadshow. we will bring you that and more. the market is being dk -- dictated front and center, but what is happening with apple? ed: the news that chinese authorities are thinking about expanding a ban on the iphone. it is state enterprises and government agencies. session lows and thursday, but following the open that was putting us on track for our biggest single day drops in september of last year. on a two day basis we were headed for our biggest drop since may 2022. that

nick einhorn will be joining bloomberg technology, joining caroline hyde and ed ludlow.erms of what's happening with markets, we are on hold. we are waiting and watching and clearly waiting to see what the fed will deliver for tomorrow. for today a little bit of a shock coming through in terms of the narrative around that canadian data. the other story we are watching, which the guys are covering up liver technology, the instacart ipo. we are looking forward to seeing how that one goes. this is bloomberg. ♪ ♪ is it possible to fall in love with your home... ...before you even step inside? ♪ discover the magnolia home james hardie collection. available now in siding colors, styles and textures. curated by joanna gaines. ¡se fue la luz! pero todavía tenemos wifi para hacer las tareas. ¿y eso es algo bueno? wifi y estudiar. buenísimo. wifi y pedir una pizza online sería buenísimo. presentamos storm ready wifi. solo de xfinity. ahora puedes mantener una conexión confiable durante apagones, con datos celulares ilimitados y batería de respaldo de hasta 4 horas para mantenerte

bloomberg technology ed ludlow joining us. retty there but it cannot feel good after they unveiled this other super new cool phone. ed: the latest is that the u.s. commerce department is now going to invest -- investigate how far -- how huawei was able to put together their phone. what happened is they got a hold of the latest headset from china. they took it to a firm that did a tear down and they found within it a 70 -- seven nanometer processor made from china's leading chipmaker. it had all the harm our -- hallmarks of a processor. even though it is three generations removed, it is subject to u.s. sanctions. they are looking to see if there is a breach of sanctions for the players involved. guy: is it significant that this phone has been unveiled this week? at the same time there is a pushback against apple? is this politics? ed: it's incredibly hard to draw together the chronology of this week with the latest technology from apple coming next tuesday and huawei . the phone was released from huawei mysteriously because it w

ed ludlow is outside the event in cupertino, california. a couple of high end models with titanium, will that be enough? ed: we want to know that as well. there are wide-ranging estimates of how many tens of billions of iphones are out there for upgrades and it's hard to know what the consumer is willing to part cash for. as expected, we have two variants of the base model iphone for teen come a 6.1 inch screen and a 6.7 inch screen and both of them get the dynamic island which is the top sliver of the screen and they display more information. the big news on the low end iphone 15 is the upgrades to the camera. 48 megapixel. the nonprobate versions had 12 megapixels so that's a substantive upgrade on the camera technology but we are waiting for the pro line. the strategy for apple saved the big technology and they can target customer base that is the early adopter. jon: obviously, this continues to tie into the services business on the fact that this company has more than 2 billion active devices around the world. it has been able to levera

joining us is ed ludlow and alex webb. alex, is there anything significant happening on the tech landscape that should be causing the gyrations we are seeing? is the china thing that big? i look at india and what could happen. nvidia is trading on massive multiples. alex: bloomberg sources are saying government agencies and owned firms will not be allowed to use iphones. that is sending a shudder through apple today. interesting estimate from dan ives saying that his 500,000 of the 45 million units. guy: i read that as well i my first reaction was, yes, but if i am a consumer looking to buy a new iphone in china, i am thinking, the government has got quite a history of banning things broadly. alex: there is a lot of government bans on tiktok in the u.s. that has not stopped tiktok being popular. two different systems of government. but investors are skittish about apple. there was concern broadly in the tech space that these stocks might be overvalued. it could be some kind of warning shot. if something more serious were t

ed ludlow was live on the scene.e big focus was on a price hike to the iphone 15 at promax, $100 more than its equivalent in the prior generation but it has doubled the storage. at 256 gb. the iphone 15 pro $999. what is common is confirmation of apple a 17 pro chip. its most powerful smartphone processor to date, higher performance, also boosted storage and it allows for ray tracing which is a technology important for higher spec games. mobile games, video games to be played on this generation of iphone handset. common with all of the handsets they announced collectively, we knew this was coming. it is not something apple did of its own elation, mandated by the european union with the deadline by 2024 to make the port usb compliant but it brings apple iphones in line with his other products and other brands out there in the smartphone market. a big emphasis on development in camera technology, the base iphone 15 and 15 plus a really big jump from the prior generation. for the iphone 15 promax five x magnification or

it joining us is ed ludlow. san francisco was supposed to be where the crypto world blossomed. ris larson. that is not how things panned out. ed: the conversation was supposed to be about how he fixed it but we changed to lamenting how the regulators killed the industry in the city and it lost his title as a blockchain capital of the world. he had sharp words for gary gensler the chair of the sec this is what he said. chris: gensler's decision in gauging this by enforcement. rather than giving clear laws, he likes the lack of clarity's though he can go after anybody and make up the rules as he goes along true bullying. that is not the american way. ed: that is pretty sharp calling the chair of s.e.c. in the regulator a bully. but his point was they are trying to fix the industry through the court and not regulation. he gave me the stamp that if they had not killed the industry here that the post-pandemic economy here would be better. he see rates for curve marshall real estate would be about less than what they are and they are currently 32%. guy: let's transition to what is hap

this is bloomberg technology with caroline hyde and ed ludlow. ♪ >> ed ludlow is off today and carolinedaq. we are live to bring you live coverage of

bloomberg technology anchor, ed ludlow was at the launch. iphone 15 promax, 1090 nine dollars, $100 that its equivalent in the prior generation. it has doubled the storage, 256 gigabytes. the iphone 15 pro, 900 $99 --. . $999 apple's most powerful chip, it is the most powerful processor to date, also boosted storage. it is -- has ray tracing which is important for mobile games. common between all the handsets that apple announces the u.s. pc connected. we knew this was coming. it'not something apple did of its own volitions, mandated by the european union, to make the port u.s. pc compliant. it brings apples iphone online with its products and other phones. a big emphasis on development and camera technology. the iphone 15 and iphone 15 plus have megapixel cameras, a jump from the prior generation. five x magnification will zoom which represents a leap forward for photography on the iphone. we got the dynamic island without succumbing, the top sliver of the phone, packed with more visual information. also, new series nine watches and watch o

this is bloomberg technology with caroline hyde and ed ludlow. caroline: i am at bloomberg world headquarters in new york. ed: and i'm in san francisco happy friday. caroline: we will dive deeper into google's antitrust trial. ed: how wild ways -- huawei's battle for dominance ahead. let's check in on the markets. caroline: the nasdaq is coming off of its highs. the mood dips a little bit with the strikes being protracted when it comes to the auto sector. when you look at the inflationary pressures, it's easing off of bit so we are up by .62%. on the two-year at 5.04 and the bloomberg dollar is down by 1.3%. let's look at us i the dollar and bitcoin is slower. 26,870. going into the mic removes when it comes to stocks. ed: there is no hyperbolic mover. i know were looking close at google and the antitrust case. back in 2020, apple was considering buying being from microsoft. that has played in what's happening with the court with the testimony we've had about the relationship between google and search. it's interesting to see apple up for a second

tom: between mike gurman and ed ludlow, it is world-class of bloomberg.ill. that fan duet will be with you with complete coverage of cupertino. somebody said today, is not a discretionary item anymore. it is a staple so that would be the right train? lisa: an iphone is in the staple may be an iphone eight, for a kid. the idea of not having to search for all of the attachments in the right cords. tom: that little attachment think always breaks. i agree with you, we don't like the europeans to tell us what to do but the answertom: that littt think always breaks. is, i agree with you that we need a more streamlined ubs, and accord. this market is terrible. we are going south. we have a legitimate world-class, short guy. this is bloomberg, stay with us. ♪ oh, oh, oh...i'll be the judge of that. oh, that's nice... oh!! searchable, verified reviews. that's better than the ham, and i've never said that. booking.com booking.yeah (aidyl) hi, i'm aidyl, and i lost 90 pounds on golo. booking.com i struggled with weight loss and weight gain my entire life. with all t

this is bloomberg technology with caroline hyde and ed ludlow. am at bloomberg world headquarters in new york. ed: and i'm in san francisco happy friday. caroline: we will dive deeper into google's antitrust trial. ed: how wild

ed: i'm ed ludlow. seeking $5 million. why the offering could be significantly smaller from previously targeted. ed: we take a look inside while way -- quality -- haiway. how digital regulation is going to be unveiled in terms of the gatekeepers. let's check in on the markets. we are getting reality check on what is a macro picture that is ugly. the 10 year yield rising after a day of rest and play in the u.s. trade picking up as we see more investment. i am looking at the bloomberg dollar index. dollar higher at the moment as it tries to find work safety in the current macro picture. also the federal reserve will be keeping higher rates for longer. we look at what is happening in terms of bitcoin, when you see the dollar outperform, down by one third of a percent. getting into the needy gritty of the movers. ed: we were talking about how there is not that much action. airbnb of 6%, the best performer in the nasdaq 100, news that it will be included in the s&p 500. with huawei, we will bring you something fascinating. a mov

power collide in silicon valley and beyond, this is bloomberg technology with caroline hyde and ed ludlow. ♪ ed: i'm in san francisco and caroline hyde is off today, this is bloomberg technology. coming up, arm repairs for its ipo with a roadshow and we will discuss with our team and speak to ross gerber. plus, full earnings coverage ahead. dell soars to a record high on a pc recovery while broadcom falls, we talked ai in earnings. tesla revamps the model3 and slashes pricing for its premium vehicles and all out push to boost sales. we will bring you those details out of china. a check on markets and it's all about the jobs data. nonfarm payrolls grew 187,000 in august. we open in equity markets and the technology sector higher in the friday session but we change direction. the logic in the first instance was it signaled the fed will not raise interest rates further for the time being based on this data set. the nasdaq 100 is slightly softer in the semiconductor indexes slightly lower in broadcom is part of that story which we will cover later and yields have changed directions. bitcoin i

ed ludlow joins us now. it is a gloomy day for apple pay the stock down 1% over the last two days. at did you make of yesterday? ed: overall, it was an interesting launch. the first thing we should say is that everything that mark gurman reported would be announced was announced. we went in knowing that was the case. the surprise was the price on the iphone 15 promax. $1200. the debate we all have with ourselves as consumers is where the technology upgrades enough that we are willing to part with $1200 the top end smartphone? the reaction has been interesting. in the street it seems to be, yep, that is driving topline growth. even if they cannot drive unit volumes, there will be buyers. guy does not have an iphone, but if you are a photographer or want to play video games, the 15 pro max offers a genuine upgrade that makes it attractive. guy: yeah. i am not sure if there's anything in here that will convince me to buy. the price point is i watering -- eye watering. is there enough to counterweight the concerns around china? that is the debate right now. ed: i spoke to a lot of analy

they are getting ready but everybody is excited, including ed ludlow. it is a big day. t going to live up to expectations? how different is today? ed: it comes down to how substantial is the latest generation of iphone. we are and a base 15 plus, and more importantly the pro model pro and promax. the strategy has been very clear. you reserve this serious technology upgrades for the higher end pro models and that is where we expect the nexgen processor, next-generation camera, magnification, from three ecstasy expects on the max pro and titanium sides as opposed to stainless steel sides because people get upset about finger smudges. is that enough to drive and upgrade? alix: we have been talking about the upgrade cycle since 2016. i understand this is a big event for apple lovers and maybe not just tactical trade. but for a broader investor, what will be the standout moments, will it meet certain phones distributed are made in india? what is the broader look? ed: jonathan ferro told me there is a strategist out with a note that says wherever a behind me -- whatever happen

ed ludlow joins us. open ai potentially seeking a $90 billion valuation and possible share sale? s enormous. ed: when openai did its share sale back in april, 300 million shares, it was valued at around $29 billion. this is a big jump in one point with the journal is reporting as this would be an insider share sale valuing the company at up to $90 billion. they are not offering new shares. 10 billion of the money raised to date comes from microsoft. they own 40% of the company and you look at the financials in the journal reported that revenue this year for openai will be about $1 billion but grow big-time into next year. does that justify a 90 billion dollar valuation? it's impossible to answer. dani: the time is maybe right for ai related big tech to ipo and opposed arm world. is that in the cards? ed: it's a great question but sam altman has said no to an ipo for ai. it started as a not-for-profit and it transitioned to a cap profit model. they can take outside investment or equity stakes from outside investors but honor the original goals of the not-for-profit. if you were a n

the heart over innovation, money, and collide, this is bloomberg technology with caroline hyde and ed ludlowroline: i in the world had courted -- the world headquarters in new york. ed: i am in d.c.. caroline: after four year antitrust investigations into the company, we get all of the details. ed: microsoft's highly anticipated starfield hits the marketplace to rave reviews. we discussed with the head of bethesda and markets off gaming. caroline: huaw

innovation and money collide in silicon valley, this is bloomberg technology with caroline hyde and ed ludlow. caroline: i am caroline hyde. ed: this is bloomberg technology. caroline: we have full coverage of the instacart ipo. ed: apple seeing bright spots in china as iphones a sellout within minutes of being released. caroline: the ceo of visco, his outlook on the social media company. we want to really be digging into the hot news of the day. this is largely around that ipo story. instacart is finally a backed company coming onto the markets. waiting with bated breath. remind as if they are making money on this. we know that the valuation is significantly lower than the heyday of covid for them. >> sure. it depends on when they invested. anyone who invested in 2021 when they were valued at 39 billion dollars, they are not making money yet, if ever. the investors who invested very early when it was just a tiny start up, it has turned into a multibillion dollar company. early indications show this company is probably going to pop, a significant pop. maybe 30% or more. that would put it at o

ed ludlow joins us now. let's get to huawei. an advanced seven meter processor for the new smartphone. this is a slap in the face to the u.s. we don't need you. we can do this on our own. ed: this is the best, powerful, made in china smartphone chip. it is in the huawei mate 60 pro which was released stealthily last week. what bloomberg did is we went to a research firm called tech insights. we said here is a handset of the 60 pro. tear it down and see what you find. lots of emphasis on the processor. what we know is that it was made on a seven nanometer node. that is two generations removed from the cutting edge, which is three nanometers, but there had been speculation last week when this handset hit the market that it was five nanometer. that was a surprise because the market and industry for semis says, to the best of our knowledge, china has not got to five nanometer. this confirms it is seven nanometers. it is made by semi manufacturing international, china's biggest chipmaker, but they are still not where we are in the u.

the heart over innovation, money, and collide, this is bloomberg technology with caroline hyde and ed ludlow. caroline: i in the world had courted -- the world headquarters in new york. ed: i am in d.c.. caroline: after four year antitrust investigations into the company, we get all of the details. ed: microsoft's highly anticipated starfield hits the marketplace to rave reviews. we discussed with the head of bethesda and markets off gaming. caroline: huawei's made in china chip and the technology sector, let us dig into these markets as we look at a micro picture, overall we are seeing services, the data, the macro picture of health where it is lackluster over in europe and china and what does that mean? we see rates rise and we see the dollar rise up 2%. as we start to see a question of whether the fed has to go further in terms of interest rate hikes to cool down the inflationary pressure in the u.s., that means further selloff in the nasdaq. the two year yield as we have seen christian doing up, we are above the 5% levels. notable in the minds of many at this moment. we are looking at wh

ed: i'm ed ludlow. caroline: coming up ventas push into generative ai.s. we run through the entirety and get the connection. edit: apple asks the u.s. supreme court to reverse