ed: i am ed ludlow in san francisco. this is "bloomberg technology." he house and heads to the senate. tiktok prepares to take it to the courts. we will have full coverage ahead. ed: plus, we take a deep dive into tesla as elon musk shifts the company's focus. we are bringing you findings. caroline:

ed ludlow is sitting right beside me on set which is a treat. we catch up, tell me what we expect from tesla. ed: based on the numbers, the average estimates that tesla will deliver 453,000. the reason this specific number is important is sequentially, the average around this estimate is a quarter on quarter decline. against the same time he year ago, that's where you want to look because there is a really wide range of estimates. they did 422000 and the first quarter of last year. if they were to come in below that this quarter, it would be the first time in a long time where year on year sales have declined. there were so many factors. it's been difficult for tesla. maybe interest rates, competition and domestic china but over all, there is concerned that this will be a tough one. katie: where is the company in terms of its lineup? it sealed feels like elon musk over promises but in january, he was warning that tesla is between two major growth paths? ed: the vast majority of what tesla sells is model y and model three. the market for that has

this is bloomberg technology with caroline hyde and ed ludlow. >> i'm caroline hyde. >> i'm also in new york, this is ed ludlow. >> we will take a look at what we can expect from tesla's deliver little -- delivery report. details ahead. >> more momentum in the ipo market. we will bring you the latest. caroline: we will sit down with the production company shy kids as they produce an entire short film using openai's sora. let's check in on the markets. we are paring back a little bit across the benchmarks. nasdaq clinging onto the gains, but only by one at the moment. the movement in the bond market. 10 year yields spiking. we are up across the curve. 4.31 is where we are trading. factory orders coming in with a surprise gain. bitcoin currently under pressure by 2.8%. still relatively higher. put it into context. look at where we have come this year alone on the s&p 500 despite those moves in bond yields. ed: it has been a fast start to 2024. i'm trying to find what are the commonalities between all of these gains at the indices level. i think the answer is nvidia along with some other a

ed ludlow thank you so much.et's get back with chief market strategist at fl putnam investment management. before the break we were talking about tech and its potential rotation but you see coming. at this point would you be among those stepping away from tech lightening up even astech continues to leave the market. ellen: i do think it makes sense to trade tech in particular -- trim tech in those areas that have done well. you look at nvidia but also even outside a lot of the chipmakers a lot of the semiconductor capital equipment companies are up 20, 25, 30% or even more this year and now they are fairly valued. when we started the year they were somewhat cheap. i think you can tie that back into the rivian and tesla story. a lot of reason why those tesla numbers were lighter had to do with rates and the impact higher rates have on capital equipment and capital equipment purchases. rates affect demand for hardware and i think you will see the same thing in tech not as much for cars or houses but you see the sam

we will discuss this with "bloomberg technology" ed ludlow. what does this mean? ed: i am hearing there is a focus on cost reduction. it was the same analysis in 2022. the difference is tesla's scale is greater, so 10% of workforce is around 14,000 people, based on their headcount, they finish at 140,000. that is the macro level. the micro level is the departure of some very important decorative's -- executives. drew baglino has been at tesla 14 years. what i hear from sources is he resigned and he made the difficult choice to leave tesla behind. sonali: how do you think through what this means for tesla going forward? ed: elon has always procedurally asked teams to focus on shaving cents off every component that goes into a vehicle. we know, according to elon musk's commentary, that tesla is between two waves of growth, the first wave built on model 3, then y, has been and gone. the next wave will be billed on either a lower price point model or robotaxis. remember the volatility in the market. that is the focus. in the memo elon musk sent to staff globally last n

ed ludlow joints me now on set sitting to my left. it's great to see you. very good to see you and you set that up well. there is a lot of anxiety that tesla misses the mark. with all pieces of data, there is a wide range of estimates from very good to very bad. the reason the consensus is interesting, i think it's fallen to 445,000 units. sequentially, it's a drop from the fourth order of 2023. year-end year, still represents growth so the worst case scenario is that tesla delivers fewer ev senate built a year ago. that would be the first time in many quarters where sales have slowed year on year. katie: you take a look at the sell side and estimates have been dropping. we got an interesting note about doing some math. ed: tesla posted on x over the weekend that they produce their six millions vehicle. if you do the math, you probably means they built 425 thousand vehicles at the time of the post on x, two days left in the quarter and they've made -- and they may deliver 430,000 units which is the low rent but just the low end of the range but it was still

let's bring in ed ludlow. a thorough story on bloomberg.com and the terminal today. are decision being made to push tesla forward, which ideas are investors banking on the most? ed: i think they are zeroed in on doing a robotaxi or not and is tesla not doing a $25,000 ev. what we clarify is that muscat did this directive himself. he said we are doing a robotaxi. that is the focus. my understanding is his get executives push back and said please, can we do a $25,000 ev? the net result is the lower cost ev is not scrapped. it's just misunderstood. the way sources expand to me as they did all the work down to the smallest components and the production process of how it would be built. it will not be some kind of single standalone model. that technology will not be ready until late 2025. what we are looking forward to an earnings this year is the explanation of that and the estimation i got was that all the work will go into the ev's they've already built. they are iterations of those cars but in late 2025. sonali: on one hand, you have tesla down more than 40% and then

ed: i'm ed ludlow. catherine: coming, tesla gets tentative approval for a driving system in china. ed: paramount expected to oust its ceo ahead of earnings. catherine: sofi shares drop after q2 guidance fails. markets, cautiously up on the nasdaq at the moment, .3%. big week. we've got the fed, all important claims, jobs data on friday. we are seeing a 10-year yield of diving back four or five basis points ahead of the federal reserve and where we see the economy and the interest rate environment going. notably, a lot capturing the attention in japan at the moment. some of the training is going to be more muted, but with the yen it's big volatility over the dollar-yen, which goes higher. was it japanese boj intervention? they remain mum on the subject. bitcoin, down against the u.s. dollar by 1.25% with a risk off yield more generally and etf frozen. what are you looking at on the micro? ed: tesla, which is a big, almost surprise story. just a few tenths of a percent away from its biggest jump since january of 2020 two. similar to the gains we saw april 24. full self driving in chin

ed: i am ed ludlow in san francisco. this is "bloomberg technology." caroline: semiconductor slide on reports that china told telecom providers to drop foreign chips. ed: overhauling the line of mac computers to add an ai-focused tech processor. caroline: and buying into the chatgpt but with -- chatgpt boom with a stake in openai. publicly traded markets from the macro context, this is one where we see a search for safety. iran, israel, geopolitical risks heightened, and a squaring away of certain volatility that we've seen throughout the week when it comes to concerns about cpi, ppi as we move towards the weekend. equities for once are moving the opposite way of the bond market, even though the bond market has been selling off it managed to ride higher. today is the opposite paired we have seen money move into the havens that are the 10 year yield off by 8, 9 basis points. money moving there. money moving into the bloomberg dollar index, the highest we've seen since 2024. money coming out of equities as we worry about geopolitical tensions off by one p

joining us for more is ed ludlow. t's start with what is expected to be the first revenue decline in four years. ed: katie: what would that mean? the idea of a $25,000 ev assessable is at the heart of global wall street around tesla. the retail investor cares about ai, robotaxi autonomy but we don't have clarity. elon musk needs to spell out, is the robotaxi the single priority now or is there still a version of the $25,000 ev that exists. we try to explain over the weekend what is happening. it is a technology initiative we believe late 2025 you will see a cheaper ev but versions of existing models, not standalone new models. katie: ed ludlow, you have a busy day ahead of you. i appreciate some of your time. we are going to bring it back and walter todd of greenwood capital. let's talk about earnings we have seen as we count down to tesla. i want to talk about ge raising earnings goal and strong engine sales. that is a name you follow closely. what was your reaction to what we heard? manus: --walter: they were very up

ed ludlow has the details. let's start with the pay package. look at tesla shares they are down 40% year-to-date. i know the meeting is not until june or so. but if i, tesla shareholder will i vote yes to this pay package? >> i do think the stock reaction is interesting. we were higher in premarket we are down 2% so you've had significant declines over three days parade you are down for a fourth straight day, longest streak of declines since the beginning of the year. the reason i point that out is if you're confronted with this information from the proxy and the only thing that's come out of the proxy is to vote on the original pay package that the delaware chancery shot down, it's not approving a catalyst to the upside and what tesla's chair rights in the proxy is that the courts second-guessed investors decision to authorize the pay package in the first place so there's a legality question here which is how mechanically can tesla put the same package before the shareholder base if the courts have shot it down. it's an interesting dynamic. >>

sonali: ed ludlow joins me now. s the question -- it raises the question, i get in trouble for saying it that way -- why are there such standouts in terms of performance? ed: the story is a turnaround plan. the turnaround plan has been in process for a number of years. it is not yet showing fruition. that is really the question the street has. intel is interesting among chipmakers. it has products, largely cpus that go into personal computers. also cpus, gp used for data centers. at the same time, it wants to have a foundry business. in other words, a contract manufacturing business where it builds semiconductors for others, much like tsmc. the reality is if i took you around the world where intel has a facility and showed you what they are making, they are not making anything for third parties just yet. just for themselves. they are stuck in this moment where neither part of the business is where we promised it should be. sonali: if you see the stock reaction, clearly intel's management has not portrayed its story t

power collide in silicon valley and ballon -- beyond this is bloomberg technology with caroline hyde ed ludlow. caroline: i'm caroline hyde at bloomberg's world headquarters ed: i'm ed ludlow in san francisco. caroline: we will break down tsmc's first-quarter earnings report as the company scales up profit but scales back its outlook for ship market expansion. >> google fires 28 employees after they were involved in protests against project nimbus provide israel's government and military with ai services. caroline: cisco's plan for keeping ai system safe from attack, artificial intelligence itself of course. the new safeguarding approach and so much more throughout this hour we check in on these markets. a little bit of an uptick in the nasdaq and some of those technology stocks are up about 5/10 of a percent. elsewhere we've been trending and digesting what's been a harsh selloff in stocks and bonds. digesting two cuts for the rest of the year. 10 year yields up. we lost some of our technology. currently seeing the vix on the downside so some of that volatility we've seen in that gauge doubli

. . >> i'm caroline hyde. >> i'm ed ludlow in san francisco. this is bloomberg technology. caroline: intel slides amid tepid forecasts. we will discuss all of that with the ceo. ed: microsoft and google post strong results. caroline: jeff bezos and andy jassy deleting chaps amid an antitrust probe. let's check in on these markets. this is a macro picture on the day and some earnings galvanizing a drive higher. nasdaq up more than 2% then. we see the core pce that the fed so loves coming in line. we are not calling, but we are not exceeding expectations. the market is relieved and we are seeing about of good, healthy increase in certain stocks. a 10 year yield dives down onto the back of that pce number. even though we see bonds indeed rallying coming yields falling lower, the dollar still resilient against the japanese yen. will we see intervention from the boj? moving on, have a look at what it is doing against bitcoin. dollar strength against bitcoin. crypto on the downside. ed: it is all about earnings. intel is off session lows. and just a

ed: and i'm ed ludlow in san francisco. caroline: coming up, iran launched missiles and drones into israel over the weekend and the u.s. and europe ramp-up calls for israeli restraint. ed: tesla shares slumping as they plan to cut 10% of their global work force. we have the details. caroline: apple facing increased competition in china in their worst slump since covid. first, we turn our attention to a complex geopolitical and macroeconomic picture being painted today. the head is nasdaq back in the red. we had been pushing higher on stocks, but the bond market is now in full effect with a stronger, more resilient macroeconomic chirp from the united states with retail sales faster than anticipated. on the flipside, geopolitics and the concern over an unprecedented attack in israel and what it means in terms of dialing up or cooling of geopolitical anxieties. tracking the blue -- bloomberg commodity index down, remember these sanctions on russian movement of metals into the lme? that's been moving around aluminum and other ke

ed: i am ed ludlow in san francisco. this is "bloomberg technology." miconductor slide on reports that china told telecom providers to drop foreign chips. ed: overhauling the line of mac computers to add an ai-focused tech processor. caroline:

this is "bloomberg technology" with caroline hyde and ed ludlow. ♪ caroline: i am caroline hyde in newcaroline: the latest updates on the earthquake in taiwan as the island faces its worst seismic event in 25 years. full coverage ahead. a look at the broader implications of this human tragedy for the global economy. ed:

jonathan: we will catch up with ed ludlow up next on the program. new york city this morning, good morning. to me, harlem is home. but home is also your body. —last one everyone. i asked myself, why doesn't pilates exist in harlem? so i started my own studio. getting a brick—and—mortar in new york is not easy. chase ink has supported us from studio 1 to studio 3. when you start small you need some big help. and chase ink was that for me. earn up to 5% cash back on business essentials with the chase ink business cash card. make more of what's yours. ♪ jonathan: 42 minutes away from the opening bell in new york city, date two of q2 and it is shaping up as follows. the equity markets are into wake up to what is developing elsewhere. the s&p 500 down by 0.6, we are down one full percentage point on the russell, the small caps lower. here is the elsewhere. the two year yield very, very close to the highs of the year. the highs of the year, 400 74.89. on a 10 year, doubled move yesterday up another nine basis points now this morning. there's you-the year,

power collide in silicon valley and beyond, this is bloomberg technology with caroline hyde and ed ludlowan francisco. this is bloomberg technology. meda says it will be the world's leading ai company but investors do not like the romance -- the roadmap to get there. a massive drop in zuckerberg's stock. from earnings to ipo's we speak to the ceo

ed: i'm ed ludlow. catherine: coming, tesla gets tentative approval for a driving system in china. unt expected to oust its ceo ahead of earnings. catherine: sofi shares drop after q2 guidance fails.

power collide in silicon valley and beyond, this is bloomberg technology with caroline hyde and ed ludlow. ed: i'm ed ludlow in san francisco. this is bloomberg technology. meda says it will be the world's leading ai company but investors do not like the romance -- the roadmap to get there. a massive drop in zuckerberg's stock. from earnings to ipo's we speak to the ceo and rubric's on listing day. $14 billion goes to micron from the chips act to boost america's memory chip prowess. there is only one story that matters right now and it is meta-. you see the share reaction to mosque -- zuckerberg outlining billions of dollars to building out ai infrastructure. expenses, arrange raised, capex raised. the focus of the call was on the product cycle. how many years will it take for this investment to would materialize in sales growth. that's the question on the stock is on track for biggest drop since october of 2022. remember how well it's performing year-to-date. look at the market cap, the scale of this company but also the market cap lost. the reporting from kurt wagner and the analysis fr

with caroline hyde and ed ludlow. ed" i'm ed ludlow in san francisco.verage is ahead as investors scale back on geopolitical concerns when stocks fall back on lowe's and netflix shares flow with plans to stop supporting subscriber numbers.

with caroline hyde and ed ludlow. ed" i'm ed ludlow in san francisco. coming up, full market coverage is ahead as investors scale back on geopolitical concerns when stocks fall back on lowe's and netflix shares flow with plans to stop supporting subscriber numbers. the financial service platform ramp raises an additional amount for a $7.6 billion valuation. they have a new backer and we sit down with ceo eric lyman on it later this hour. we know the themes, geopolitical concerns with caution, if not risk off mentality. israel with a retaliatory strike against iran. we will go to d.c. in a moment to discuss the politics of it and operationally what is happening. the nasdaq 100 is down a full percentage point in tech is down with downward pressure. on the board you will see names like tesla and netflix, tesla with a cyber truck recall. netflix had a mega start to the year, but the investor base is spooked by the outlook for the future and how it plans to communicate. looking at crude, we saw oil move higher based on what happened in the middle east. that

ed: i'm ed ludlow in san francisco. this is bloomberg technology. roline: microsoft to invest $1 billion in a u.a.e. top firm weather g-42 where the u.s. pushes abu dhabi to end relations with china. ed: and we talk to an expert on a.i. and bank earnings. caroline: we look at chip developer rivos is about to bring its first product. we discuss the race for a.i. infrastructure and so much more this hour and focus on the public markets which in the united states, relatively sanguine and the nasdaq is off by a 1/4 of a percent. europe is trading and asia with a bench mark. and because of what's happening in the u.s. and bonds at a two year yield and jay powell we look for him and what he says about the policy with inflationary pressures. we look at a dollar that rises five straight days with the best run and the bit down is down at $62,000. we're looking at it on the micro. ed: i'm looking at tesla, a two day chart with the stock down another 4%. we broke the news job cuts closer to 20% and elon musk said more than 10%. we drew the story a 18-year veter

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ed: i am ed ludlow in san francisco. this is "bloomberg technology." caroline: legislation clears the house and heads to the senate. tiktok prepares to take it to the courts. we will have full coverage ahead. ed: plus, we take a deep dive into tesla as elon musk shifts the company's focus. we are bringing you findings. caroline: the company struggled to agree on terms of the deal according to sources. we will discuss that and much more. first, we check on markets. calm before an earnings storm. nasdaq up .1%. a lot of auctions on deck when it comes to debt in the united states and what that means for supply and borrowing costs to the high side. we are steady at 4.62%. what of china-u.s.? we will dig into that. the vix at an 18 handle. we have seen less of an aggressive bid into risk assets. we are still up broadly. this is after the halving without a hitch. a pullback in bitcoin mining may mean an uptick in prices. what are you watching? ed: a firm focus on tesla. we are at session lows down 4.6%, down for a seventh straight day. price cuts around the w

innovation, money and power combine, -- collide, this is " bloomberg technology" with caroline hyde and ed ludlow. caroline: i am at the world headquarters in new york. ed: i am in san francisco. caroline golding up andy jassy says that the generative ai boom will be taking place on amazon services. ed: technological heavyweights to send on washington with jeff bezos and tim cook attending. caroline: a global ai coalition on his visit to the middle east and the next stop may be we will see him over on capitol hill. we will discuss that and more. we will start on these markets up .25%. the nasdaq managing to pull itself up. this is once again really tackling inflationary pressures whether it is the ppi number or the cpi print showing inflation pressures dialing up. we see managing the nasdaq to outperform as markets pullback. i am looking at the two year yield where we are outperforming on the front end of the curve all the back end is pushing higher. the big move was yesterday and what is happening in the euro but what is happening in the federal reserve and global world banks and central banks a

power collide in silicon valley and ballon -- beyond this is bloomberg technology with caroline hyde ed ludlowrg's world headquarters ed: i'm ed ludlow in san francisco. caroline: we will break down tsmc's first-quarter earnings report as the company scales up profit but scales back its outlook for ship market expansion. >> google fires 28 employees after they were involved in protests against project nimbus

ed ludlow has more from san francisco. uckerberg outlined meta put itself in a position to be the leading ai company in the world and there is a commitment to spend on the infrastructure needed to build future generations of models on the back of the success of llama 3. the problem is investors are not buying it. the message that really hit them in the court is that it is going to take time for it to show up meaningfully on the top and bottom line. what we are talking about is meta ai, the current generation of the assistant. they are trying to scale that. smart investors, quote, would be able to see that even if revenue is not obvious from ai, you can see that ai products scaling and see the monetizable opportunity. but meta's business is still mostly advertising. they are seeing impressions growth. they are seeing the average ad price growth go up as well. and in some cases you could argue that is where ai is showing its value. meta's kind of damned if they do and damned if they don't. there have been segment of the marke

ed: i am ed ludlow. this is bloomberg technology. state of artificial intelligence as we sit down with the openai coo. ed: plus we take a deep dive into apple's

ed: i am ed ludlow. this is bloomberg technology. caroline: full coverage of the state of artificial intelligence as we sit down with the openai coo. ed: plus we take a deep dive into apple's robot ambitions as the company eyes the next big thing after scrapping its car ambitions. caroline: paramount inches closer to a deal to merge with sky dance media. we will bring you the latest throughout this hour. let's check in on these markets. we are powering higher. we are back on a risk on tone. we see a slight cooling in the jobs market. most importantly you see jay powell signaling they will standby rate cuts if we see this inflation pressure go back down to 2%. 10 reacts on the back of that. 4.34%. if -- copper is up .9%. i like what is happening with the commodities. this is the concern when it comes to inflation pressures. copper is powering higher and gold is at record highs. let's look at the world of crypto. we are managing to see risk on there. what have you got on the micro? ed: a lot of news to get through. apple we will do late

innovation in the southern valley and beyond, this is bloomberg technology with caroline hyde and ed ludlowde in new york. ed: i'm ed ludlow in san francisco. this is bloomberg technology. caroline: microsoft to invest $1 billion in a u.a.e. top firm weather g-42 where the u.s. pushes abu

ed ludlow is off. the u.s. awards tsmc $11.6 billion in grants and loans in order to boost a mystic semiconductor manufacturing. what the move means for u.s. chip productions. and jpmorgan ceo likens artificial intelligence to the invention of the steam engine. we will discuss his views on how the technology is changing the world and his force. and lou checks already back at elon musk -- blue checks are back at elon musk's x. details on that and so much more. we focus on the public markets as we look towards cpi print wednesday, all eyes focusing on what the bond market is doing. yields up three basis points. the highest levels for the entirety of this year. but it is not pulling back on any sort of risk-taking in the equity market so far. the nasdaq still pushing up, so keep and i on key names -- keep an eye on key names. bitcoin still charging to new highs. 71,756, so back near those all-time highs. tesla, best performer on the nasdaq 100, up 5%. this is a beaten up stock, worst performer on the s&p 500 so fa

ed ludlow, he's off. this is "bloomberg technology."updates to its ai products. we will break down what came from the company's cloud computing conference. just let me be headed for another sales declined back to back -- tesla may be headed for another sales declined back to back. we will hear from the former ceo of tesla. gm's resumes robotaxi testing. let's get to what the m

ed ludlow, he's off. this is "bloomberg technology." google unveils a host of updates to its ai products. we will break down what came from the company's cloud computing conference. just let me be headed for another sales declined back to back -- tesla may be headed for another sales declined back to back. we will hear from the former ceo of tesla. gm's resumes robotaxi testing. let's get to what the markets are telling us. we had an about turn when he came to the overall equity market performance. we are trading lower since 10:00 a.m., with a bit of a selloff, and the nasdaq in particular down .4%. we are seeing buying ahead of the all-important cpi print as soon as tomorrow. crypto on the downside, off 3.3%. risk aversion, selling in the market. we've also got breaking news a micro perspective. i want to move on to what is happening on boeing. breaking news and deliveries for this particular company. trading off by .4% on boeing. besieged by issues amid a catastrophic incident in january. this is where we see the first quarter of sale

. . >> i'm caroline hyde. >> i'm ed ludlow in san francisco.ology. caroline: intel slides amid tepid forecasts. we will discuss all of that with the ceo. ed:

ed ludlow is off. the u.s.$11.6 billion in grants and loans in order to boost a mystic semiconductor manufacturing. what the move means for u.s. chip productions. and jpmorgan ceo likens artificial intelligence to the invention of the steam engine. we will discuss his views on how the technology is changing the world and his force. and lou checks already back at elon musk -

ed: and i'm ed ludlow in san francisco.hed missiles and drones into israel over the weekend and the u.s. and europe

we discussed this with ed ludlow who knows more about electric vehicles than anybody i know. ook at the numbers that have come out, what you think of the direction of travel for tesla? ed: everyone is rethinking it. this was the biggest miss on record. there are a lot who are redoing their models to work out what went wrong. we are focused on the deliveries myth -- deliveries missed. in a statement, tesla leaned on supply-side factors. the majority of pieces and reaction say this is a demand problem. we knew all about higher rates and the impact on the consumer and the u.s.. there is this bigger picture question, that the days of the model three and model y have been and gone and the next wave is not quite here. we are stuck in the middle. sonali: who doesn't matter for the most beyond tesla -- does it matter for the muscular tesla? ed: bev market story is that we still have great tv sales in most markets. it is decelerating growth. the addressable markets are consumers who want to buy an ev growth of 40,000 u.s. dollars has been and gone. that is what is the fits within that

ed ludlow joins me now.alk to us about what you saw from tesla's first set of guidance on delivering new cheaper ev's compared to what you see today with this reaction from the news from china. today's news is sending shares higher. ed: exactly right. investors vote with their feet as the old adage goes. we are up 16%. on track for the biggest jump since march 2020 one. that is in response to the news overnight. this -- the specifics are important, it is a tentative authorization for fsd in china and has clear stipulations. reaching an agreement with baidu for mapping is important. baidu is the domestic champion of that technology. data and privacy agreements because tesla has had a good relationship with china relative to other u.s. companies, it of late has been more tricky particularly in the context of data privacy. host: what about from the perspective of a chinese consumer? you think of some of tesla's biggest rivals. how do you compare this move and what it would mean for others? ed: has sold 1.7 mill

this is bloomberg technology with caroline hyde and ed ludlow. caroline: i'm caroline hyde in new york. ed: and i'm in san francisco. caroline: tesla asked its investors to approve a pay package. ed: chipmaking orders dive at asml. our chip stockpiles back? caroline: we will bring you into a conversation with the french company a toss. in the equity market pulls back a little bit from where it had been. nevertheless we see bond markets outperform, currently seeing a 20 year yield down to, three basis points. moving on and looking on the world of crypto. it's been on the downside as the u.s. dollar is falling. the first time in six days we saw the dollar give up strength as we digest what has been a slightly more hawkish of. risk assets are still cautious out there. ed: tesla continues to dominate headlines. down for a fourth straight session. the stock is trading at its lowest level in almost a year and i don't think this has to do with the headlines on the bloomberg terminal. the idea of incorporating in texas, thus about the downward pressure. t

innovation collide in the heart of silicon valley, this is "bloomberg technology," with caroline hyde and ed ludlow. caroline: i'm caroline hyde at bloomberg's world headquarters in new york. paramount replaces its ceo. full coverage ahead. ed: we push ahead to results from amazon and pinterest, all reporting after the bell. caroline: and a former finance ceo at cz heads to prison. checking in on the markets, the macro picture is not looking good today. you get the costs of labor the moment coming in higher-than-expected and overall confidence from the consumer plunging. meaning that we are not looking pretty heading into a federal reserve meeting that it's tomorrow. the 10-year yield is pushing higher, of course, with borrowing costs rising. that's usually the trend. the dollar, stronger versus the yen, a complete verse from yesterday, it looks as though japan indeed had intervention into the markets to try to prop up again. weaker against the dollar, bitcoin along with other risk assets on the downside, 60 1000 wrapping up to be a poor month of april, the worst since the ftx scandal, down some 16

power collide in silicon valley and beyond, this is bloomberg technology with caroline hyde and ed ludlow. caroline: on caroline hyde in new york. ed: this is bloomberg technology. caroline: full coverage on the inflation print cpi harder than expected openai board member larry summers joins us to discuss. ed: tsmc sales surge after riding the ai chip boom. we will break down the details and discuss in tales processor. caroline: spacex price starlink satellite process burning through more cash than it brings in great the exclusive bloomberg reporting and so much more through this hour. it is a macro day in the market is under pressure is once again pricing increases are still running higher than the market wants to see. higher than had been anticipated in the federal reserve only gets to hike one or two times this year. the market in the fed signaled we reprice this idea the fed hut -- the fed cut will be coming. we seen the fall on the nasdaq more broadly. we are seeing a real pushback in terms of the bond market. we see yield spiking on the front-end on the two-year but higher across th

this is "bloomberg technology" with caroline hyde and ed ludlow. ♪ caroline: i am caroline hyde in nework. ed: this is bloomberg technology. caroline: the latest updates on the earthquake in taiwan as the island faces its worst seismic event in 25 years. full coverage ahead. a look at the broader implications of this human tragedy for the global economy. ed: disney's proxy battle nears its end. the shareholders place their final votes in the battle between the mouse house and trion. we will share it --sit down with a shareholder, ross gerber. caroline: spotify raising prices for the second time in a year. we will discuss that and so much more through it -- throughout the hour. we have a strong set of data when it comes to adp numbers and the labor force in the u.s.. maybe a pullback in the services area that breathes life into the equity market after the biggest selloff in a month yesterday. we are up on the nasdaq. ten-year yield crescendos higher at the moment. borrowing cost moving with the idea the market thinks maybe we will not get the three rate cuts the fed reserve has signaled

announcer: this is "bloomberg technology" with caroline hyde and ed ludlow. ♪ caroline: time carolineyde in new york. ed: i'm side-by-side this week. this is bloomberg technology. caroline: tesla drops after deliveries fell way short of expectations. rivian beat estimates. ed: plus, the outlook for technology stocks after apple posted one of its worst quarters relative to the s&p in over a decade. caroline: we will take the pulse of the ipo market as rubrics ipo filing shows growing revenue but still losses. we are having the worst day in about a month on the key benchmarks. tech under pressure. we see once again a fear of the fact that the u.s. economy is too strong. the federal reserve will not be cutting rates as anticipated the federal reserve will not be cutting rates as anticipated. more frothy your names -- we will see a pullback in some of the more frothier names. bitcoin under pressure. we see the inflows dial back from the crucial spot etf's. there is one stock you are watching. ed: tesla deliveries missed expectations. that's an understatement. deliveries, 388,000 in the qu

this is at the low -- ed ludlow.a: tech leading asia on the back of meta's disappointing outlook. the fed -- there are bets that the fed won't be cutting it all this year. the yen front and center, 155 and change in investors looking for intervention. daybreak middle east and africa is next. this is bloomberg. ♪ to me, harlem is home. but home is also your body. i asked myself, why doesn't pilates exist in harlem? so i started my own studio. getting a brick and mortar in new york is not easy. chase ink has supported us from studio one to studio three. when you start small, you need some big help. and chase ink was that for me. earn up to 5% cash back on business essentials with the chase ink business cash card from chase for business. make more of what's yours. you're probably not easily persuaded to switch from chase for business. mobile providers for your business. but what if we told you it's possible that comcast business mobile can save you up to 75% a year on your wireless bill versus the big three carriers? yo

innovation, money and power combine, -- collide, this is " bloomberg technology" with caroline hyde and ed ludlowam in san francisco. caroline golding up andy jassy says that the generative ai boom will be taking place on amazon services. ed: technological heavyweights to send

jonathan: we will catch up with ed ludlow. monday morning, good morning to you and we are about 45 minutes away from the opening bell in new york city, kicking off a brand-new trading week with futures positive by a third of 1%. about a quarter of 1% higher in the s&p 500. amazon and apple are on deck. >> apple and china has been the wrong move. in our opinion, it's 220 million iphones there and 30 million up -- upgrade into place years. thursday it's about apple showing that growth as you go into the june core of september, what we see in china is the turnaround in this sets up for ai from cupertino. jonathan: amazon earnings are due tomorrow and apple thursday following strong numbers from apple and alphabet. stocks a record of their best week of gains this year and sending a clear message to investors that ai spending is paying off. ed ludlow joins us now to look ahead to technology. dominating the story this morning, it's not amazon or apple but it's tesla up in the premarket by close to 13% following the surprise visit to

ed: i am ed ludlow. caroline: facing its worst start of the year in china since the covid pandemic is a new report shows sales fell by 19% in the first quarter for apple. caroline: considering $95 billion aid package that could lead to a nationwide ban on tiktok. caroline: we push i did has the learnings -- earnings career focus on developing shares already suffering their longest dresses 2022. that in so much more this hour. we sit with much anticipation of the earnings to come, some risk appetite today. maybe the bad news is good news. some of the business activity cool enough more than the market anticipated means we decide to go into equities as we think the federal reserve maybe has more space to be cutting in the second half of the. nasdaq currently up 1.5%. two year yield, 69 million dollars with, record amount coming to the market yet yields falling today as money move into some of the havens, 4.93%. equities rallying on this particular day. stoxx 600 in europe having a stellar run on the moment,

coming up on bloomberg technology, the levi strauss ceo michelle gass joining caroline hyde and ed ludlows it for bloomberg markets. this is bloomberg. ♪ ♪♪ hello, mia. are you ready to meet your demise? ♪♪ nice shot... shot... taker. who programmed you?! i'll see you tomorrow. the future isn't scary, not investing in it is. 100 innovative companies, one etf. before investing, carefully read and consider fund investment objectives, risks, charges expenses and more in prospectus at invesco.com. not all caitlin clark's are the same. caitlin clark, city planner. investment objectives, risks, charges expenses just like not all internet providers are the same, don't settle. get real deal speed, reliability and power with xfinity. she shoots from here? that's kinda my thing. get the real deal with xfinity internet today, and get fast speeds and a reliable connection to all your devices in the home —even when everyone is online. from the heart of where innovation, money and power collide in silicon valley and beyond. this is bloomberg technology with caroline hyde and ed book though. -- caroline