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

let's bring it all together and discuss those mag seven earnings with ed ludlow. let's start with microsoft because abigail told us about the sequential decline in revenue and in profits. the big? it -- question mark is capex. ed: spending on infrastructure that supports ai. the street sees 15% revenue growth. the biggest contribution coming from 30% growth in cloud infrastructure. will remember last quarter the thing investors are trying to work out the language and data the c-suite give us. the cfo at microsoft said we had 30% revenue growth last quarter. 7% contribution came from ai. selling ai services. it is hard to find that in connect. you and i talked about the money machine. how many dollars are coming out in terms of growth. scarlet: that is a big question mark. everyone seized upon the seven points of growth last time around. do we expect them to say more on that? you expect him to say the pace has picked up in the last quarter? ed: one thing microsoft is very good at is selling software and even though we are excited about the words artificial intellige

ed: i'm ed ludlow in san francisco per this is bloomberg technology.aroline: tesla beats delivery estimates but still a second consecutive drop in quarterly deliveries paid we break down those numbers. >> microsoft a id

power collide in silicon valley and beyond, this is bloomberg technology with caroline hyde and ed ludlow. ed: live from new york, this is bloomberg technology. microsoft and amd earnings on deck and big tech flicked with a correction. and we hear from the nvidia ceo on mehta and zuckerberg being the most important customers. and a tesla test drive it hit a roadblock. william stein joins us after narrowly avoiding the car accident while testing full self driving. let's get this year and now in terms of earnings. sofi down a percentage point. interesting. second profit update, upgrade to the profit forecast for the full fiscal year. also upgraded their revenue outlook. we will hear from the ceo later in the program who was on bloomberg this morning. this is the starting gun basically formatted cap tech earnings. you start with microsoft and amd. talking about the money machine, the investment in the infrastructure, that is where we check on amd. soccer by a percentage point. the money coming out of the top line growth. will we see anything tangible from microsoft in particular? massive inv

jonathan: ed ludlow is going to join us on that later. let's get your bloomberg -- bloomberg brief with dani burger. dani: more trouble for bowing with 737 max customers being warned that there could be further delays on deliveries with timelines slipping by three months to six months on top of already late handovers. another reminder that the production of the cash cow model faces a long road to recovery. a teaser for the ed ludlow story, tesla shares are down in the premarket trade and they are postponing the long awaiting -- long-awaited unveiling of the robotaxi by two months. sources tell bloomberg that the company is pushing back their date to allow themselves more time to build additional prototypes. optimism had contributed to an 11 day streak of gains that added to the company's market cap. that was before shares dropped on thursday by the most since january. the late silvio berlusconi will join the likes of leonardo da vinci and marco polo in having one of italy's airports named after him. the billionaire turned politician will

announcer: this is bloomberg technology with caroline hyde and ed ludlow. caroline: live from london and san francisco, coming up, full coverage of a wild week of tech stocks. ed: apple losing ground in china. caroline: as the olympics kickoff, they brace for cyberattacks. extraordinary week. down for three straight weeks, nasdaq 100. this week lost 3%. trading at the lows since may. ed: magnificent seven. it is the go to. the past two sessions, a trillion dollars market cap erased. that has a broader impact. largely google. volatility in nvidia top of mind for investors. let's talk about it. it is friday. not enough coffee. market volatility gets me. i framed it specifically with a micro focus on the mag seven. for someone like you looking at markets, is that the case? >> next few weeks are all about earnings. if you thought this week was volatile, wait until next week. all the companies are reporting. there will be a lot of attention on earnings from these names. in august we will see nvidia. there is trepidation around earnings. i think they will be fine.

power collide, in silicon valley and jan, this is "bloomberg technology," with caroline hyde and ed ludlow. ed: live from bloomberg's world headquarters in new york, this is "bloomberg technology." coming up, apple's ai delay. plus, from crypto critic to bitcoin back up. jump valves changes at the sec and, if reelected, to make it going great again. and deadpool's domination. the movie shatters a box office records. take a look at the nasdaq 100. we are up meaningfully in the session, but we are coming off the back of three straight weeks of weekly declines. we were talking over the weekend about the nasdaq 100 being in correction territory. we have $10 trillion or so of market cap reported across microsoft, meta, and amazon. apple is a name we are watching really closely. it kind of opened lower and has been trading choppy, and now it is modestly lower, basically flat. a bloomberg inclusive, apple's ai features have been delayed and will miss the initial release of ios 18 in september. the company plans to release apple intelligence by october but will make it available to software develo

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

power collide in silicon valley and beyond, this is bloomberg technology with caroline hyde and ed ludlow. caroline: live from san francisco and new york, this is bloomberg technology. at&t reveals a massive new cyberattack. ed: we will bring you the details on tesla's robotaxi unveiled today. caroline: amazon and general capitalists bet on an ai robotic startup. ed, what do you have on the at&t hack? ed: this is our big breaking technology and news story. at&t has disclosed a major hack of customer data that relates to all of their cell phone customers for a period of time in 2022, the beginning of may, the end of october, it is a broad spectrum of customer data, but the belief is that that data that has been obtained by malicious actors is not publicly available. we are way off session lows. we have been down the most in about a month. it is kind of a hard to gauge situation. i think we are still assessing the vulnerability of that customer data. the context is that this is a big hack. it is different from a hack a year ago which we have already talked about. caroline: well said, the co

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

ed: i'm ed ludlow in san francisco. this is bloomberg technology. ng you the latest in markets as nvidia struggles. we will talk macro and micro. ed: the latest from washington as the supreme court sends social media laws back to lower court. caroline: qualcomm is the new sponsorship on the front of shirt for manchester united.

ed ludlow is off. paramount and sky dance reach a merger agreement after last month. coverage ahead for apple and openai to live deepen the relationship as they get an observer on the company's board. we will turn to the intersection of health and technology as we sit down with the ceo. a quick check on these markets because even without the play of nvidia they're managing to break new records. up three tents of 1%. you're looking at the 10 year yields reaching down nine basis points. the economy showing cut -- some kinds of slowing. we fall some nine basis points as the fed can indeed cut for the rest of the year. stocks in europe doing well. the day before the u.k. heads to the polls. the ftse seeing any sort of volume on the day. let's look at what's happening on the individual assets of choice would need crypto under pressure. the line to look at 59,735. 180 three daily movie average. that's when we start to see more bearish signals for the rest of the year if we break below that. there's a lot to be keeping an eye on. erasing this year's losses as we get deliveri

ed ludlow is off. paramount and sky dance reach a merger agreement after last month.r apple and openai to

ed ludlow in new york city. chip stocks are buoyant.stanley is going off like a rocket this morning. you just got the lowdown on meta. how does all the investment in ai infrastructure translate you advertising pricing? they do not have a cloud business. one mover to the downside in earnings is contrast. it is off by 13%. top end of the range, $900 million. what is interesting about pinterest is the size of its user base. let's bring in the ceo, bill ready. good morning and thank you for joining us on "bloomberg technology." bill: thank you for having me. ed: what were the factors behind the range? it is below street estimates. bill: if you look at q2, we put up record user growth. we came in above guidance on revenue. 21%-plus revenue growth. q2 was a really strong quarter. q3, we have five-point tougher comps. when you step back from that we are growing faster than our larger peers that have already reported. we are seeing our best product market fit in years. we are winning share of wallet with some of the largest advertisers. the fun

. >> and i'm ed ludlow in san francisco. it's red on the screen in a negative vibe. the global i.t.d blue screen. crowdstrike is down 8.5%. off session lows. a point that jordan klein of missouri made earlier is that in terms of volumes trading, this doesn't suggest panic selling. windows is a microsoft product but separately for the outage, there was some issue with azure which they resolved for the timing. caroline: we were just having john kline saying -- jordan klein saying buy in than sellout. >> this is going to linger on for a while, especially because of recovery is not as easy as just rolling back the software. there are a number of clients who are at a older window and that's the biggest risk with cloud solved ware and it can have a far reaching impact. in this case, as we can see nerves recovery isn't, you know, in a minute or in an hour. and the fact that microsoft is involved, they are the biggest rivals who takes the blame? i imagine there will be lawsuits, there will be customers asking for indemnification because of the lost business and who pays who? crowdstrike wil

power collide in silicon valley and beyond, this is bloomberg technology with caroline hyde and ed ludlow. caroline: live from new york and san francisco, this is bloomberg technology. we will have full coverage on the aftermath of the attack on formal -- former president donald trump as the rnc kicks off in milwaukee. ed: and we will turn to m&a. caroline: we bring you the latest on apple. we check in on the markets and record highs across the board. the s&p's new high. this is a trump trade. this is the aftermath of an assassination attempt that potentially means trump is more likely to win the white house. we see that reflected in bitcoin as well. we are seeing the biggest moves in two months for crypto as he is seen as the much more pro crypto candidate. ed: we will talk about the trump trade, but the direct trump trade's trump technology and media group. ticker djt, the parent company of truth social, the social platform of choice for former president trump. the events of the last 48 hours are driving the stock higher. we has been a size 50%. it is a stock or a spac delisting that ha

power collide in silicon valley and beyond, this is bloomberg technology with caroline hyde and ed ludlown francisco this is bloomberg technology. the first of the magnificent seven gather up to report results. ed: plus, wiz walks away from google's offer. caroline: plus our exclusive

and power collide in silicon valley and beyond this is bloomberg technology with caroline hyde and ed ludlowrom london and san francisco this is bloomberg technology. full coverage of tesla's disappointing second-quarter results. ed: google investors awaiting an ai payoff.

power collide in silicon valley and beyond, this is bloomberg technology with caroline hyde and ed ludlow. >> live from london san francisco this is bloomberg technology. the first of the magnificent seven gather up to report results. ed: plus, wiz walks away from google's offer. caroline: plus our exclusive interview with the meta-ceo mark zuckerberg. first we check in on these markets. it is a fight to stay in the green the nasdaq 100 is losing. off by 1/10 of 1%. the nasdaq bigger benchmark. it is still in the green but more broadly we are seeing some weakness from a number of the earnings and indeed some that haven't dissipated. ed: spotify up 12% in the session, subscribers, paid subscribers up year on year. there's a focus on one of the cost-saving measures they took and the bottom line. let's stick with the spotify story. the company releasing those earnings. lucas leads screen time which is our coverage of the entertainment industry and all things streaming. we are so back, talk me through spotify. >> netflix and spotify having great earnings. spotify is finally starting to losing

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

ed ludlow has more on the results on his conversation with the cio of alphabet. >> this is the first quarter where cloud revenues exceeded $10 million but also for the first time they had more to show around ai all the investment the work in that field away it was described on the call with me was it is ai infrastructure solution and generative ai, meaningful drivers of growth and on the calls she expanded and gave a run rate figure was that year to date the company is generating billions of dollars in the contextual cloud from generative ai and ai structures so search is the main driver of overall growth, still the bread and butter but there are signs the work of ai driven search is boosting that. wiz was the question everyone wanted to act and she does so -- to ask and she declined to comment. she says as long as they meet the requirements of what they are looking forward includes working with whoever is in power in context of the u.s. election later this year and some took me by supply -- by surprise, alphabet and google reaffirming commitment to waymo, most strides in san francis

and power collide in silicon valley and beyond this is bloomberg technology with caroline hyde and ed ludlow. caroline: live from london and san francisco this is bloomberg technology. full coverage of tesla's disappointing second-quarter results. ed: google investors awaiting an ai payoff. we bring you the details. caroline: an update from crowdstrike on the global i.t. outage. a big fall in tesla stock. ed: the chart on the screen tells the story pray down around 12%, 13% in the session intraday that would be the biggest drop since january 25. on a closing basis a decline of 12.5% it's the biggest drop going back to september of 2020. a lot of anxiety and the misunderstanding here. fourth consecutive quarter of eps missing estimates but a record revenue quarter where we return to near growth this -- despite the estimate we see declining growth. i think robotaxi is at the heart of it. caroline: of course the delay being the key watchword. here's what he had to say about the delay on the robotaxi. >> we are launching some important changes we think will improve the sort of robotaxi and the m

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

technology this is "bloomberg technology -- this is "bloomberg technology," with caroline hyde and ed ludlow. caroline: live from new york and san francisco, this is "bloomberg technology." coming up, a breakdown of a trump's vc pick j.d.vance and his ties to silicon valley. ed: a $1.4 billion chip already sector. caroline: and salesforce cuts for of its workforce. first, let's check in for those markets at the moment. we are barreling towards another record high at the s&p 500. small caps doing the heavy lifting, retail sales coming in solid. even though it is not good enough, we are still seeing resilience in the u.s. consumer. .6% the last two days on the s&p 500. given that we see tech money coming off the table when it comes to nvidia, more broadly we are managing to push onto new record highs. what are you looking at in terms of the micro data. ed: our top stories former president trump picking j.d. vance the senator as his running mate. we talked about the trump trade the last 24 hours. trump media and technology group, the parent of to social, is the most -- of truth social, is the m

ed ludlow joins us for more. i think we have to start with the apple story.r but it lacks the goodies? >> the big run up in apple's shares was on the hopes that we's's will finally get apple offering for generative ai. what was reported is basically chronology, so in september you will get the new generation iphone and when they announce that they said that is when we will give it to you with the new generation launch of that phone. what markets are reporting is they will stagger it. they will say you will get the new iphone and the new ios and then several weeks after that -- it is a delay of weeks -- we will make this available through an update. jonathan: why do i want a 16? ed: you have to decide how much in any given upgrade cycle you care about incremental improvement in speed and processing power. and camera. that is the main point. we are waiting on the software this time around and if you are an investor that is nervous about ai you have to wait a few weeks longer than expected. lisa: not to be skeptical, but is and -- isn't part of the whole upgrade

power collide in silicon valley and beyond, this is "bloomberg technology" with caroline hyde and ed ludlowondon headquarters in san francisco, this is "bloomberg technology." coming up in the next hour, markets entering uncharted territory as president biden drops out and passes the baton to kamala harris. who in tech will pp

ed ludlow joints me now. id if you don't believe in autonomy, sell the stock at it looks like that -- that is what people are doing ed:. traditional legacy wall street institutional investors downbeat clearly by the side deck the size of the move. tell investors come the body of tesla and elon musk fans will probably tell you it is a buying opportunity. the reality is in the present and fundamentals of the business are not going in the right direction. fourth consecutive quarter where eps misses estimate. revenue is a bright spot because they return to growth on a year on year basis when the street was forecasting continued decline in topline growth. it is automotive growth margin. they have had to do a lot to think about profit and environment where they have cut costs. they're getting competition from hybrids. it is hard to see the jump to a future where we are all in tesla robotaxi. katie: you and i were talking about this. it feels like some of the big way down is investors recalibrating to some of the tim

power collide in silicon valley and beyond, this is "bloomberg technology" with caroline hyde and ed ludlow. ♪ caroline: from bloomberg's london headquarters in san francisco, this is "bloomberg technology." coming up in the next hour, markets entering uncharted territory as president biden drops out and passes the baton to kamala harris. who in tech will support her and what it means for crypto. ed: shares of crowdstrike plummet again after analysts sound the alarm after last week's widespread outages. caroline: tesla come alphabet, and more prepared to kick off the earnings season for the magnificent seven -- tesla, alphabet, and more prepare to kick off the earnings season for the magnificent seven. more than a month since we have seen such outperforming but we have to hone in on the market impact on the news over the weekend. ed: let's get the outlook for the 2024 presidential election. it took a turn this weekend as president biden bowed out of the race, endorsing kamala harris -- endorsing vice president kamala harris. the question is, what happens next? because president biden endors

we will catch up with ed ludlow and mandeep singh. they do to some degree.their success that everyone has been so dependent on them. dani: exactly. it's a feature that has turned into a bug and is a cross industry. it is not we need to talk to executives and say we are sorry this one happen again. they basically need to put fires out around the world and around different industry. they will likely be some impact but the question is, how quickly can people pivot? how quickly can they turn to a different company? jonathan: we will get you wet update on some of the airlines. i want to turn to this. traders boosting bets on a september rate cut at the federal reserve. mary daly joining the growing chorus of fed officials saying recent inflation data has been good, adding the job market is at an inflection point. it is the nerves around labor. that is the difference in the last few months. dani: she also says we are not there yet. she is a dove and getting louder but we don't have price stability now. many people argue if you're at an inflection point then you ar

this week tomorrow, joining us around the table is bloomberg's ed ludlow.t miss estimates, that is probably a good start. they are going to be laser focused on capital expenditures. mark zuckerberg has talked a lot about it. i don't know how you guys feel about meta-, and a lot of investors think it is a very different beast even if you've gone fundamentals with traits of some 21. this a social media platform and that might be a saving grace irrespective of how much you're spending on ai. lisa: that's exactly where i was going to go. do you think the bar is lowered to show some incredible headwind in ai in order to keep gaining investor confidence? >> maybe. last quarter, i went straight to nvidia after i was treading on my terminal. that is where all that goes. and investors demanded that meta-do that and then punish them because they weren't happy with the narrative of how ai translates to their existing stuff. maybe we'll hear a bit more about that. they are interesting company making large language models. it cost a lot of money. they are open source ad