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

join us for bloomberg technology with caroline hyde and ed ludlow.y for tomorrow, doing a little bit of washing up. washing up liquid, rubber gloves. sounds like a great day. have a great day, i'll be here tomorrow. this is bloomberg. ♪ >> from the heart of where innovation, money, and power allied in silicon valley and beyond this is bloomberg technology with caroline hyde and ed ludlow. ed: i am ed ludlow in san francisco. caroline hyde is off today. what a show we have. coming up, returning to openai. we break down the changes that the artificial intelligence company as altman take

joining us now to discuss the ever present ed ludlow and alex webb joining me on set. at have we learned? what have we humans learn from nvidia and the ai story and learned about how grown-up the ai story really is? ed: ai is expensive. that is what we are learning at this stage. to get you the number, that is why sam altman is back in the job. they need microsoft money. they need microsoft's support and serve -- in terms of server capacity. otherwise they would be struggling to operate. the money is going to nvidia. a lot of it is nvidia's chips that are fueling this revolution that he going to data centers from microsoft azure, google cloud, aws. that is the holistic view of everything. the idea of this tech utopianism on which openai was founded trying to stave off the worst possibilities of ai, they were may be slightly disengaged from the reality of how the stuff works. kailey: ed, what is more surprising to you? that sam is back or nvidia could not clear expectations that were literally skyhigh? ed: neither is surprising. sam altman, everyone thought a group of th

ed: i am ed ludlow in san francisco. caroline calling showing signs of momentum in cost-cutting. ed: elon musk says that the advertiser boycott on x may kill the platform. the rollout of the cyber truck. caroline: one year since the public rollout of chatgpt bringing ai into the spotlight and sparking a wave of investment in hiring. we will dig into what that one year anniversary means. the markets, coming to the end of the month, what a month it's been. in the short term we give off some of those profits. often .9% on the nasdaq. pce, the inflationary indicator coming in where the market anticipated. it priced in the good news. the 10-year yield bouncing up a little after what has been a roaring november. for the bond market as well. phenomenal by everything rally for the november month. crypto giving off a little but hardly any movement. down by .1%. the context of where we've been this month, an extraordinary move higher that we've seen in the nasdaq overall. we've given -- you see over the last -- actually, quite a bit over the last month. up 9%. the nasdaq up 10% on the month

next is bloomberg technology with caroline hyde and ed ludlow. happy tuesday. wealth management knows it's easy to get lost in investment research. get help with j.p morgan personal advisors. hey, david! ready to get started? work with advisors who create a plan with you, and help you find the right investments. so great getting to know you, let's take a look at your new investment plan. ok, great! this should have you moving in the right direction. thanks jen. get ongoing advice; and manage your investments in the chase mobile app. >> from the heart of where and power collide. this is a bloomberg technology with caroline hyde and ed ludlow. ♪ caroline: i am caroline hyde. ed: i'm ed ludlow. caroline: we get a read on the ipo market, shien files for u.s. listing, read it test the water for a public offering.

ed: i am ed ludlow live from san francisco. this is bloomberg technology.s dissent on san francisco for the asia-pacific economic summit, full coverage from that ahead as we sit down with the mayor.

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

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

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

ed ludlow, caroline hyde, coming up on "bloomberg technology" in about 20 minutes.the dubai air show, the art show at midnight, very cool. every excited to see that flying in the united states and in places like the uae. we are going to have more on what is the future of ev flights. ed had a great conversation with a cfo. ♪ alix: we are about one hour into the trading session. equities still big. abigail tracking those moves. abigail: it comes within a string of gains over the s&p 500 over the last 13 days. we have 11 days. after the rally, investors are still in business. it's a broad-based rally. all stronger despite the fact yields are in fact higher on the day. after yields plunged, just cooler than expected. some investors traders rethinking that. we have yields higher. we do have particular the two year ten-year falling. if you look at the two year yield this is not a pretty chart but this range interesting to look at. interesting to see whether this holds. you can see this is a pretty reliable range. near 5% right now. right on that line of support what makes

ed: i am ed ludlow in san francisco. caroline calling showing signs of momentum in cost-cutting.

ed: i'm ed ludlow. this is bloomberg technology you.rom tesch for elon musk after an anti-semitic post on its platform

ed ludlow, caroline hyde, "bloomberg technology", coming up around 9:00. will be fully caffeinated. this is bloomberg. ♪ alix: we are in our into the u.s. trading session with equities higher. i want to caution because bond yields have stopped moving lower, we are easing that a little bit. abigail is tracking this for us. abigail: take a look at the russell 2000 on the we, up 7.3% the highest heading for the best of june of 2020 on this new narrative that is emerging that the fed is essentially done hiking. even if they hang higher for longer. now bond yields, we will see some interesting action here. this is the 10 year yield over the past several months. hugging the moving average. we do have yields off the lows and you can see the 10 year had gone down to 450. but it's right back in this range. the question is will we see the 10 year yield go back higher once again. lower yields are fueling upside action on the stocks. real estate having its best week because the dividends look much more attractive when yields are down. text sectors are between six, 7%.

ed: i am ed ludlow. this is bloomberg technology.aying out of public view for years alibaba family --founder jack ma speaks out to employees urging them

ed: i'm ed ludlow in san francisco. this is "bloomberg technology." full coverage of openai as investors seek to reinstate sam altman as ceo. more ahead. ed: we will preview what to expect from nvidia. wit

sonali: thanks to bloomberg's ed ludlow. check of the markets because we are watching the nasdaq 100 extending their declines. down more than 1% on the day now. are you fluctuating between 1% or so. we were talking about it. if these declines keep going for the s&p and nasdaq 100 we are snacking a historic winning streak for the s&p 500. snapping what was otherwise four weeks of gains in a row. jon: that is the point. you look at the nasdaq 100 laggards to take, google parent alphabet and meta. these names have been flying high recently. we talked about how the s&p 500 was on pace for the best monthly november since the 1980's and the nasdaq 100 had a better run. this is bloomberg. ♪ the power goes out and we still have wifi to do our homework. and that's a good thing? great in my book! who are you? no power? no problem. introducing storm-ready wifi. now you can stay reliably connected through power outages with unlimited cellular data and up to 4 hours of battery back-up to keep you online. only from xfinity. home of the xf

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

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

and power allied in silicon valley and beyond this is bloomberg technology with caroline hyde and ed ludlow. ed: i am ed ludlow in san francisco. caroline hyde is off today. what a show we have. coming up, returning to openai. we break down the changes that the artificial intelligence company as altman take the helm after -- after an ouster. the world's most valuable chipmaker nvidia top earnings estimates failing to meet lofty expectations from investors breaking down the results. and a deep dive into the world of crypto. cz pleads guilty to criminal charges for anti-money laundering. a quick check on the public market perspective. nvidia smashes that in the fiscal third quarter giving a strong outlook in the fiscal fourth-quarter. ahead of the street consensus, the story, the impact of u.s. technology curves -- curbs taking hold will impact them in the fiscal fourth-quarter. we will go deep and bring you the analysis on the stock and what the world of ai accelerators looks like going into next year. the other publicly traded part sam altman is back at openai, largely seen as a big plus fo

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

over innovation, money, and power collide, this is "bloomberg technology" with caroline hyde and ed ludlowaroline hyde in new york. ed: i am ed ludlow in san francisco. caroline: full market coverage ahead. inflation, rate hike bets come down. will it fool the tech sector

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

of where money, innovation and power collide, this is bloomberg technology with caroline hyde and ed ludlow. ♪ caroline: live from new york, i am caroline hyde. we are breaking down results from uber and a sit down with the ceo dara khossrowshahi. caroline: ed: we will speak about where adobe's $20 billion purchase tans and look at new ai tools they have unveiled. caroline: we will bring you the big takeaways from the developers conference is the ai start up unveils custom gpt's. let's check on the markets. what are run we are having. eight straight days of gains on the nasdaq. s&p 500. we are up .9%. what is galvanizing that? the federal reserve. hopes of the hiking period coming to an end is driving yields down. up by some 10 basis points. new york crude off by about 3.5%. some geopolitical risks and anxieties. falling down a little bit in the world of commodities. that backs the inflationary pressures. moving on, a quick look at the risk sentiment of choice when it comes to tech. even with the dollar down we have crypto down further. we are off by a point for bitcoin. what do you have on

joining bloomberg technology with caroline hyde and ed ludlow, that is coming up. the s&p is up. of the day. this is bloomberg. ♪ the power goes out and we still have wifi to do our homework. and that's a good thing? great in my book! who are you? no power? no problem. introducing storm-ready wifi. now you can stay reliably connected through power outages with unlimited cellular data and up to 4 hours of battery back-up to keep you online. only from xfinity. home of the xfinity 10g network. 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

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

ed ludlow breaks down apples results for us. ed: instance, the emphasis was on apples performance and china. sales declined 2% year on year, but apple actually grew in china and for the iphone in particular, this was a record quarter, the september quarter. the drag on sales they said visibly came from mac and ipad. they put a lot of emphasis on the iphone 15 generation, gaining traction in china. tim cook visited the nation and said they kind of recognized it in a contracting smartphone market overall and they believe they have the top four smartphone handsets in the market. they think they are gaining market share. going back to the constant currency debate, look at the guidance for the december quarter. again, they are leaning on one shorter period for the december quarter, one week less than the same. a year ago. overall, they will have similar data to a year ago. iphone is set to grow, but ipad and wearables will drag. and they expect mac to accelerate. so there is a lot of explaining about what has happened but, overall, co

ed: i'm ed ludlow. caroline: more earnings coverage. after its numbers. ed:

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

ed: i am ed ludlow in san francisco and this is bloomberg technology. n what we can expect from the cyber monday shopping. the ceo of a leading data platform is with us. ed: elon musk visits israel after facing backlash for amplifying antisemitic comments on x and we let the takeaways from his trip and the meeti

caroline hyde and ed ludlow are going to be in conversation with him.t developing? i'm sure they will ask about that. dara is the main attraction. it will be great. this is bloomberg. ♪ the power goes out and we still have wifi to do our homework. and that's a good thing? great in my book! who are you? no power? no problem. introducing storm-ready wifi. now you can stay reliably connected through power outages with unlimited cellular data and up to 4 hours of battery back-up to keep you online. only from xfinity. home of the xfinity 10g network. >> from the heart of where money, innovation and power collide, this is bloomberg technology with caroline hyde and ed ludlow. ♪ caroline: live from new york, i am caroline hyde. we are breaking down results from uber and a sit down with the ceo dara khossrowshahi. caroline: ed: we will speak about where adobe's $20 billion purchase tans and look at new ai tools they have unveiled. caroline: we will bring you the big takeaways from the developers conference is the ai start up

next up, the chief ai officer joins uber technology with ed ludlow. stay tuned for that.berg. ♪ (car engine revs) (engine accelerating) (texting clicks) (tires squeal) (glass shattering) (loose gravel clanking) (aidyl) hi, i'm aidyl, and i lost 90 pounds on golo. i struggled with weight loss and weight gain my entire life. with all the yo-yo dieting i did in the past, i would lose 20, 30, 50 pounds just to gain them over and over again. thanks to golo, i've been able to steadily go down the sizes in my closet and keep the weight off. for the first time in forever, i feel in control. (announcer) change your life at golo.com. that's golo.com. people are always asking me two words come to mind for me. one is responsibility, the other is purpose. it's just so inspiring to do research that impacts human lives. stand up to cancer has been a critical partner in advancing research for cancer. cancer research saves lives. so please help us fight in this battle against cancer. ♪ this is bloomberg technology with caroline hyde and ed ludlow. ed: there from bloomberg's world headquar

thank you, ed ludlow, for that wisdom. chinese takeout in san francisco. he nailed that.ources they need. with reliable internet at home, through the internet essentials program, the world opened up. fellas, fellas. that's how my son was able to find the hidden genius project. we wanted to give y'all the necessary skills to compete with the future. kevin's now part of this next generation of young people who feel they can thrive. ♪ ♪ when people come, they say they've tried lots of diets, nothing's worked or they've lost the same 10, 20, 50 pounds over and over again. they need a real solution. i've always fought with 5-10 pounds all the time. eating all these different things and nothing's ever working. i've done the diets, all the diets. before golo, i was barely eating but the weight wasn't going anywhere. the secret to losing weight and keeping it off is managing insulin and glucose. golo takes a systematic approach to eating that focuses on optimizing insulin levels. we tackle the cause of weight gain, not just the symptom. when you have good metabolic health, weight

ed ludlow, "bloomberg technology" coming up in around 90 minutes time.s is bloomberg. ♪ when you automate sales tax with avalara, you don't have to worry about things like changing tax rates or filing returns. avalarahhh ahhh alix: yields down, stocks higher. the 30 year yield is now down by 15 basis points. you've also got weaker ism. abigail doolittle tracking the move sprayed abigail:. you can -- abigail: the borrowing cost less than expected sending yields lower bringing nasdaq futures even and then up a little bit. after that miss you can see we've got the best day in many weeks. the nasdaq 100 up for a fourth day in a row but it's not just the nasdaq 100. many indexes are higher. the 10 year yield also down sharply down 15 basis points. prices rally but firmly back in a channel suggesting there will be some consolidation. we will see where that level is sprayed it's been a good guide in recent weeks. the bloomberg dollar flipping around, one stock not doing so well on the day its worst day in its young life. we work plunging down. this is its worst

joining us now, bloomberg technology cohost ed ludlow. iving a nice offramp to goldman sachs in their credit card partnership. that was short-lived. what does apple do now? ed: apple, a bloomberg source says they have sent a term sheet to goldman sachs, offering a pathway to sever the relationship on the credit card and savings account. our bloomberg source says this is a process that could take years. "the wall street journal" was the first to report this offer from apple to goldman. they said in the journal report it would be 12 to 15 months. is it an apple story or a goldman story? apple, either way, according to our bloomberg source, says it remains committed to doing a credit card and to doing a high-yield savings account, but it looks like they are just went to look elsewhere for a different partner. guy: do they need a partner? i'm not being funny. apple has quite a lot of cash. people are speculate and about whether they are going to use the cash. maybe lending it to other people would not be a dumb idea. ed: the goldman site, they

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

♪ this is bloomberg technology with caroline hyde and ed ludlow. : there from bloomberg's world headquarters, caroline hyde is off today, this is bloomberg technology. openai kicks off its first ever developers conference with engineers and entrepreneurs gathering in downtown san francisco. we generally expect. we wish you had to earnings and get the macro take on big tech result as companies deliver bigger profits than wall street anticipated. apple is in search of a new growth engine after warning on a slower holiday season. ken division pro solve that problem -- can division pro solve that problem? a focus on the technology sector, the nasdaq up, most of the tech names are in the red. it is the megacap's that are keeping us going. we see yields creep a little higher up, bitcoin which of course is our asset of choice at the moment we look at the risk space continuing to hold around 35,000 u.s. dollars a token. i hoped about megacap's, in san francisco, the focus will be openai, a private company, but of course, microsoft, publicly traded, a big st

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

"bloomberg technology" cohost ed ludlow joining us from san francisco. set the stage for us. is set with the expectation this will be the fourth straight quarter of revenue declines. you have to go back two decades to find a period of slump that apple has gone through like this. in focus will be the latest generation of iphone, iphone 15. it was released september 22, meaning that in the quarter, there are eight or nine days, depending on geography, of sales that will be reflected in the results they post and announce. if you go back to the fiscal third quarter, what they said was greater china slumped to a topline gain of 8%. consumers moving from an non--apple headphone set, but the third party data has disputed that. third-party data says in the first 30 days the new iphone has been on sale in china, it has underperformed by high single digits. the same period a year ago when the iphone 14 went on sale. revenue for services might be a bright spot in more significant growth. the other piece of news be on the announcement of next-generation mac is that they have raised price

shery: ed ludlow there with the latest earnings from nvidia.ypto exchange binance -- crypto exchange binance and its ceo have pleaded guilty to criminal charges for money laundering and u.s. sanctions violations. binance will pay more than $4 million in fines, with the ceo a to step down and pay $50 million as he awaits sentencing. su keenan joins me with more on this story. . u.s. authorities say that binance was funneling money to even hamas and other militant groups? >> binance admitted that it transferred money to hamas and other groups and it pled guilty to three counts, including anti-money laundering, operating an unlicensed money transferring business, and violating u.s. sanctions, including countries such as iran and syria. cz, as the ceo was widely known, pleaded guilty to the anti-money laundering charge and as noted agreed to pay a major $50 million fine. he also awaits sentencing. richard teng, a singaporean with a masters degree in finance from western australia, now succeeds the ceo. the company is being allowed to continue to op

this is bloomberg technology with caroline hyde and ed ludlow. caroline: i am caroline hyde. ed: i am in san francisco. this is "bloomberg technology." caroline: amd rallies as the company says its artificial intelligence chip will generate billions next year. ed: the u.k. summit on ai safety is underway. we will bring you the big takeaways and interviews from the event. caroline: we will push ahead to the fed for the central banks impact on ai startups. first, let's check in on the markets. while we do have some movement ahead of the all-important decision, many are thinking rates will stay at the 22 year high for another month, we're seeing the nasdaq up. maybe it is economic. factor orders coming in worse than expected, jobless claims ticking up -- job openings starting to open up a little. maybe this is something we are trying to get a mixed picture of where the economy is going. we're seeing some buoyancy. we get a hint we will see a slowing of pace of growth in the amount of bonds that will be issued on the long data and by the u.s. treasury. lack of supply means yields

power collide in silicon valley and beyond, this is bloomberg technology with caroline hyde and ed ludlow we are talking about

ed ludlow joins us now. we were focused very closely on the deceleration and china. it seems like it was worse than anticipated. request the headline is the overall rate of china revenue missed estimates and fell 2% year on year. apple is saying on a constant currency basis, they actually grew in china. that is a big part of the course so far. citing constant currency as one explanation. as you dig down further into individual segments, the iphone had a record quarter in china in the september quarter. the weakness or the drag on sales is largely attributable to mac and ipad because they are lapping supply chain constraints. also, the timing of the refresh cycle. they are super positive about china. the market reaction does not reflect that. part of that is the guidance which we could get two and a second. overall, this was the fiscal fourth-quarter that just ended. in the last year, apple says it sees itself as holding the top four smartphones in the smartphone market there. all signs say that in a market that is contracting, apple says it is getting market share. >

this is bloomberg technology with caroline hyde and ed ludlow. ve from headquarters i am caroline. ed: and i am ed. caroline: full ordinance coverage, we hear from the ceo of rivian on earnings and push ahead to important disney results after the bell

ed ludlow had a busy weekend. he joins us from san francisco. what did the weekend teach us about the risk that investors are running by putting their chips down in that space? ed: this was a weekend about humans. we do not know the real reason that openai fired sam altman, but what we do know is that the reason that they hired in that sheer as interims eeo is because it sheer shares a recognition that ai poses an existential threat to mankind. that is what i am told. the board recognized that in him and that was a reason for his hiring. we know the philosophical tension between sam altman, pushing for commercialization of the underlying technology conflicted with the four person board largely made up of academics who wanted recognition that this was a not-for-profit work on a bigger picture. kailey: where we stand now is that altman is going to microsoft. a lot of others will be going with him in protests. i wonder, when we are looking at what happened next, is there a chance that altman goes back or microsoft will absorb 8 -- openai and its ent

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

heart of where money come and power collide, this is "bloomberg technology" with caroline hyde and ed ludlow. caroline: i and caroline hyde in new york. ed: this is "bloomberg technology." caroline: we will kick earnings coverage with the breakdown of disney results. is it enough to fend off the investor? ed: we sit down for interviews with lyft, arm, and affirm. caroline: we will be joined by bethany bongiorno, the ceo of humane as the company unveils its ai pin. -- pen. let's get into a hot winning streak. can we eat out another day of winning on the nasdaq? since november 2021. the s&p 500 up for nine days, the longest winning streak since 2004. clearly there is calvin's issue behind equities because of what may be the federal reserve is doing. we will hear from jay powell come to court p.m. and getting some important bond sales. that is why we are seeing some pressure on the debt market. we will be seeing the sale, eight points to the higher side as we anticipated the -- coming through. finesse technical dragon, china is down .7%. not listed here because it faces sanctions, but the key c

where the heart of innovation and power collide, this is bloomberg technology with caroline hyde and ed ludlow. ♪ caroline: i am at the world headquarters in new york. ed: this is bloomberg technology. caroline: we take a deep dive into the shock ouster of sam altman openai, what happened, most of the company's staff threatened to depart. ed: a clear win for microsoft, analysts see risks contained for the company's ai ambitions as altman joins microsoft to lead a new team. caroline: discussing with the ecosystem looks like for these sort of some of openai. you have to shine a light on the publicly traded shares impacted by all of this. ed: this is the proxy sentiment of what happened over the last 48 hours. microsoft shares higher, flirting with a fresh record high, reversing the last-minute drop they have friday when use broke in the last few minutes of the session, this is very positive on the developments which are principally as it stands sam altman and greg brockman who was chairman of the board of openai have joined microsoft in order to lead this new ai research unit. we will get into t

from the bay area and beyond, starting the morning with uber technology cohost ed ludlow.6% on the day, a huge gap lower. what was the biggest surprise after what they said? >> we do not want to put a downer on things. >> i thought this was going to be good. >> there the outlook. the way they make money as they license ip for chip design and how it interacts with software. they are looking at third-quarter outlook. that is not good. we also measured by smart far -- smartphone humans. the full year fiscal outlook is quite good, much better than the roadshow, so it looks like this might be short-term. this is why you focus on how ai makes money. licensing and royalties. licensing is generally spent all over time, but when you sign a new agreement, there is an upfront payment. there is a lack of evidence because even in the course, there was not some huge jump. they are not seeing any evidence that the door has been cooked -- kicked down. ba on the device side or the data picture side. when did we see it? for a world where we are all doing ai on our pcs. that is the story for

joining us now is ed ludlow. reddit may be going public again. 's behind it, is it going to work this time? ed: sources say early 2024, a q1 we could see an ipo, they've been talking with potential investors are sources say. you are part of this story. the meme stock frenzy of 2021 put reddit on the map. it propelled reddit to the front of social media platforms and then bloomberg reported january of 2022 that reddit plans to go public and when i was reading back over the reporting, i was like january of 2022, how long was that and they never pulled the trigger. so why now? who knows. we thought now was the time, that's not the only name preparing. >> what is the recent lessons that should be learned on ipo's and are they basically saying we could be part of that bracket. is there a coattail effect here? the only bit of the market that's working consistently is technology stocks. >> and largely mega cap technology stocks. the s&p 500 communications, of information technology subsector it's up year-to-date. you guys correct me if i'm wrong. let alo

joining us is ed ludlow. beautiful day. really psyched to talk about this topic but cisco shares are getting hit bad. do you think this is an overreaction of the quarter we saw? ed: it is the question. what is it the market is worried about? what i would say is when we are talking about networking equipment we are basically talking about all the physical stuff goes in an office that supports the internet. if this was a case that small and medium-sized businesses were holding of spending, than it would be the macroeconomic story to that chuck robbins warned us it was not. but when you're talking about big corporates they do buy network equipment in bulk. that was what they told us. this is not macro. they have already got the equipment they need this year. guy: i was trying to think about this and wondering whether this is a work from home story as well. people are not going into offices. people do not need the equip in the office the same way they once did and it does not need to be as big and good as it once was as well. e