chang. ♪ emily: i am emily chang in san francisco and this is bloomberg technology.oming up, a text selloff sweeping u.s. market shares of apple, tesla and amazon. they all sing. plus, analysts are reporting results. we have a roundup. poking holes, attorneys for apple go to work on epic games. we have the highlights of his cross-examination from day to in this massive antitrust trial. neighborhoods have become a crucial information hub in the year of the pandemic, but pose vaccine, as people go back to work, what is the next chapter in keeping communities connected? that and more -- elusive conversation with the next-door ceo. we begin with the u.s. markets selling off, sparked by inflation fears. text getting caught up in the crosshairs, mega caps like apple seeing shares fall. let's get more from katie. >> stocks are seeing red today, led by the tech sector, down over 2%. s&p 500 down by .9%. nasdaq 100 more than double that stock as big banks fell. comments from janet yellen did not help. she said that higher rates might be needed to prevent overheating in the ec

with emily chang. emily: i'm emily chang in san francisco. this is "bloomberg technology." coming up in the next hour, a textile of sweeping u.s. markets. shares of apple, tesla and amazon all sink. zillow and lyft reporting results. we will have a roundup. poking holes. attorneys for apple go to work on epic again ceo tim sweeney. we will have highlights of his cross-examination from day two in this massive antitrust trial. neighborhoods have become a crucial information hub in the year of the pandemic. but post vaccines, as people go back to work, what is the next chapter in keeping communities connected? that and more in an exclusive conversation with next-door ceo sarah frier. we begin with the u.s. market selling off, sparked by inflation fears. tech getting caught up in the crosshairs. apple, amazon and tesla seeing shares fall. let's get more from katie gray feld and kriti gupta. katie, what are you watching? katie: stocks we are seeing red, led by the tech sector. down over 2%. s&p 500 down bite .9%. the nasdaq 100, more than double the drop is the big faang fell. c

emily: i'm emily chang and this is "bloomberg technology."nd i will sit down with the ceos of bitcoin and airbnb. but conservative outlook for bumble with an all-time low. now hiring, with urgency. amazon puts out the help wanted sign for 75,000 workers, offering signing bonuses. and another crazy day and bitcoin, binance, and elon musk doing a 180 about bitcoin, we will have a reaction to that end earnings with coinbase coo. i will be speaking with emily choi coming up in just about 10 minutes, and at the bottom of the hour, bumble's ceo joining me. later, i will speak to disney ceo an the next hour, airbnb's ceo. the market we go where stocks climbed and kriti gupta has the latest. kriti: green on the screen for the s&p 500, but a little bit of a mixed picture, the nasdaq 100, doing really well today, really rebounding from three sessions of selling and big tech, not joining in on that trade. they were leading the charge earlier in the session before pulling back and now you see them in the red, 0.7% down on the day. i want to show you what

chang. ♪ emily: i'm emily chang in san francisco, this is "bloomberg technology."oming up, the washington dc attorney general slaps amazon with an antitrust suit, accusing the behemoth of forcing third-party sellers to offer the lowest prices on amazon. sellers tell bloomberg even if they offer a lower price on their own website, the amazon listing gets buried. amazon pushing back hard. we will discuss. video darling vimeo counts amazon and starbucks among its biggest customers, but the provider plunges in its public debut after splitting off from iac. did they get it wrong? i will speak to vimeo's ceo. and it has been one year since the tragic death of george floyd ignited a wave of protests. the biggest companies in the world, including apple, amazon, and facebook vowed to do better. how much has really changed? we will show you how promises haven't necessarily been kept. we will get to that in a moment. let's look at the markets. first stocks climbed for another day this week. walk us through the day. >> it was a pretty quiet day. new south volumes much below th

reaction to that with emily choi. i will be speaking with emily in 10 minutes. at the bottom of the hour, bumble's whitney will hard. later, i will speak with the disney ceo. keep it right here on bloomberg to the markets we go first where stocks climbed and investors focused on earnings results. >> green on the screen for the s&p 500. if you look at the tech sector, a little bit of a mixed picture. rebounding from three sessions of selling. big tech not joining in on that trade. they were leading the charge earlier in the session before pulling back and now you're seeing them in the red. i want to show you what this looks like on a year-to-date basis. if you look at the nasdaq 100 and the new york faang index, those tech companies have been far more volatile. early crucial because some of those etf's track the nasdaq 100 over the new york fain index deck near index. we did see a wee emergence of the retail bids. -- a emergence of the retail bids. if you look at shares of amc or gamestop or cost, really seeing that spike around 2:00. pretty violent, pretty stron

announcer: this is "bloomberg technology" with emily chang. ♪ emily: i am emily chang in san franciscothis is "bloomberg technology." president biden chose cleveland to deliver a speech on the economy and his $1.9 trillion plan. for more on what that plan entails for our audiences, welcome to the u.s. commerce secretary p thank you for joining us. president biden said -- secretary. thank you for joining us. president biden said we need to invest more in education and infrastructure to stay competitive. what are the musts that you believe need to be included? >> thank you. this is rebuilding for the future. the rescue package is working. it is pulling us out of the pandemic, creating 500,000 jobs a month. we need to invest for the future, childcare, 2 million women have dropped out of the workforce. we have to make sure every american has access to broadband. it is not acceptable we have millions without access to broadband. we need to invest in job training, apprenticeships, so people can have the skills they need. we need to invest in manufacturing, so we make critical goods in americ

this is bloomberg technology with emily chang. ♪ emily: i am emily chang incident sysco.oming up in the next hour, tim cook takes the stand in the climax of the apple epic trial. the ceo testifying for over three hours, facing pointed questions by epic attorneys. i was at the courthouse. we will bring you expert opinion on how well apple fared. plus, it coin slides again after china reiterates it will control4 -- crack down on mining. a digital first brand kept growing. with masks coming off, it is all about lipstick. i will talk to the ceo about a beauty boom starting now. we will get to all of that. first, we are awaiting a news conference from president biden and the south korean president. they have been talking about the global chip shortage and other issues. we are going to bring that to you live. in the meantime, i want to take a look at the markets. crypto, another wild week. ed: a lot of volatility and risk assets. you can see the s&p 500, basically flat. slightly negative territory. we have been down for four days and had a rally thursday. really, volatility is

emily: does everyone get this choice?> there's certain divisions where they are going to want people in, certainly people working on hardware, so i think there will be teams that might be required to come into the office, whereas other roles are going to be more slated to go remote. emily: clearly, this is going to be a talent differentiator. i remember eric schmidt saying there was a war for talent in silicon valley, and that was a decade ago. is that part of the reason, that they don't want to lose people and want to make sure they retain the best? >> they have a lot of competitors going remote for recruiting and retention, and that is a new aspect google has to think about. google has historically invested a lot in real estate and offices. they have rearranged their offices to operate more post-pandemic, where they have hybrid offices where they can have people talk in video conference rooms as it they are there, so they have invested a lot of time to have people return to the office, so i don't think they have given u

emily: thanks for that. want to stick with bitcoin and the broader crypto landscape, with an early bitcoin a, the ceo of osprey fund. what advice do you have for folks dealing with this volatility? >> stick with it. i have then involved with bitcoin a long time -- i have been involved with bitcoin a long time. feels like 80 years. in real life, it has been seven or eight years. this was a big drawdown. it is definitely concerning for most investors, and that is why you want to right size your portfolio, invest as much as you are willing to deal with this volatility on. emily: what about diversity? you tell investors to diversify their portfolio. for folks who want to know, where should i go -- don't -- d oge? i still don't get it. >> doge is a universe unto itself, but people wonder how much of the universe does bitcoin represent. what that means is the ecosystem is growing around not just bitcoin and ethereum, but around that. we have been focused on trying to curate and bring new product focused on getting

chang. ♪ emily: i am emily chang in san francisco, and this is "bloomberg technology."oming up in the next hour, a stomach-churning day for crypto investors. bitcoin plummeting 31% in the morning, then rallying 33% in the afternoon. multiple exchanges reporting technical issues. we will have all of the action. plus, a month ago she predicted bitcoin would go to $500,000. we are going to hear what cathie wood is thinking now. plus insight from nick carter. and amd is one of the biggest tech turnaround stories of our time. the company's market value is now more than $90 billion, up from just over $2 billion at the end of 2014. we bring you my latest "studio 1.0" about the company's come back and around out of the chip shortage. first, what else but bitcoin. in the last two weeks, as much as $1 trillion in market value has evaporated. in the last 24 hours, more than 775,000 traders have had their accounts liquidated, equal to $8.6 billion worth of crypto. that according to buybit.com. cryptocurrency exposed shares including coinbase, marathon digital, all falling more than

emily: i am emily chang in san francisco. this is "bloomberg technology." president biden chose cleveland to deliver a speech on the economy and his proposed $1.9 trillion infrastructure and investment plan. for more on what that plan entails, are audiences -- that plan entails for our audiences, welcome to the u.s. commerce secretary gina raimondo thank you for joining us. president biden said his economic plan is working to bring america out of the pandemic, but we need to invest more in education and infrastructure to stay competitive. what are the musts that you believe need to be included? sec. raimondo: thank you. this is about rebuilding for the future. the president's right, the rescue package is working. it is pulling us out of the pandemic, creating 500,000 jobs a month, which is a fantastic pace, but we need to prepare for the future. we need to invest in childcare so that people can go back to work. we still have 2 million women that have dropped out of the workforce. we have to make sure every american has access to broadband. the president is

chang. ♪ emily: i am emily chang in san francisco and this is "bloomberg technology."oming up in the next hour, crypto markets roiling after more tweets from elon musk's. coinbase finally adds it to its platform. jack dorsey's square holds purchases of bitcoins with the world's largest cryptocurrency just above 50,000. companies as big as disney are rushing to assess policies after guidance from the cdc. a lot of us are confused and not quite ready. airbnb's ceo expects the travel rebound of a century, but mask travel and business travel will never come back -- mass travel and business travel will never come back the way they work. and living in remote stays will continue on. first we start with one of the most volatile weeks in crypto history. with a single tweet from elon musk wiping out hundreds of millions of dollars off crypto markets. some of that has been recovered, namely in doge. coinbase officially bringing doge onto its platform. but bitcoin is still down. test out announced it would stop accepting bitcoin as payment for its cars. today jack dorsey's square

emily: good to have you.oming up, we will hear from cathie wood on where she thinks the market is headed and how much higher or lower bitcoin can go. this is bloomberg. ♪ emily: when price swings lead to investor mood swings, we are talking bitcoin. cathie wood in february predicted bitcoin would go to five hundred thousand dollars. bloomberg spoke to her earlier. cathie: i think what is happening right now is because the highly volatile part of the stock market, the innovation part of the stock market that has gone through such a correction, which has been flamed by inflation fears -- i think the correlations among volatile assets are going to one right now, including bitcoin. emily: you told dow jones it could go to $500,000. do you think that is still where it is headed? cathie: i do. we do. our crypto analysts -- we go through soul-searching times like this, and, yes, our conviction is as high. the one thing that has changed, however, is the environmental concerns around bitcoin in particular have caused

." ♪ emily: i am emily chang in san francisco. this is "bloomberg technology."ing up on this friday, president biden doubles down on fighting climate change. we will talk about what he has in mind and how the tech sector is affected. plus, the bitcoin blues, prices trading around $35,000 today, near lows from last week's crashed, we will talk to someone who is still optimistic. school is nearly out for summer, but for some it was never in. we will talk about remote learning now that classroom doors will be open again in the fall. first, a strong date, week, and month for u.s. stock split we have to run down. take it away. >> thank you. memorial day weekend. stocks, a lot of green on the screen. low volume helped stoxx drift hi. some of those tech stocks helped. some defensive positioning. green on the screen not the case on a monthly basis. the nasdaq 100 underperformed in the month of may. you can look at the board and see tech has not been having a good street. 2021, not doing so well. look at the boards one more time. i want to show you the real highlight. te

emily: right.his would not involve holding any crypto assets, like this new internet computer, which just popped up. matt: that's exactly right. internet computer is phenomenally interesting, but so are the companies inside this. it is akin to owning gold miners instead of gold itself. but the exciting thing about these companies, they are phenomenal companies. they are some of the fastest growing in america but are also profitable. that is really rare. usually when you have companies growing this fast, they are not yet profitable. they are early-stage technology companies. crypto infrastructure provides high growth with high profitability, making it an exciting area of markets to look at. emily: we will be covering coinbase earnings out tomorrow, that her first as a public company. what is your outlook on the exchange rate? -- their first as a public company. what is your outlook on the exchange rate? matt: it is an early market. it is the largest crypto brokerage and exchange, the largest holding

emily: ready group tech, thank you. want to focus on peleton and that eye-popping 400% jump in digital prescriptions. that good news as the company also wrestled with the massive recall of all of its treadmill products. i want to get analyst perspective with our guest from cfra. how do you make sense of this? obviously, digital sales going well, but the treadmill recall just announced yesterday -- not good. >> definitely not good for peloton shares. we do think that the market needs to separate what obviously is a tragic situation, that is being the death of a child, and separate that from the underlying fundamentals of peloton, which we think is a very innovative and disruptive company, and we think the numbers they put out today were really great. emily: do you think the numbers keep going up, even with this treadmill problem. i realize treadmills are still a smaller part of the overall pie, but the goal was to have them be a bigger part. camila: the treadmill opportunity size is twice the size of bikes. but currently

chang. ♪ emily: i'm emily chang in san francisco.oming up, crypto prices more stable after cratering earlier this week. where they are heading now and how confident investors can be. we are going to talk about it with an early coinbase investor. an effort led by a former uber exec. delivery on demand. and the u.s. commerce department hosts the chip summit for manufacturers and car makers. a $52 billion proposal to boost chip manufacturing. although stories in a moment. it was an equity rebound with tech leading the way. i want to get straight to ed ludlow. ed: come with me into my see of green. very nice rebound. driven by technology stocks. the s&p 500 the main gauge of u.s. equities. the outperformance in technology, the tech heavy nasdaq 100 up almost 2%. apple, tesla, microsoft giving us a boost. semi conductors up to percent on the day when they waited -- when the white house is hosting a second chip summit. a rebound in cryptocurrency. that is the bloomberg crypto index, which tracks dollar-denominated cryptocurrency. bitcoin,

." ♪ emily: i'm emily chang in san francisco and this is "bloomberg technology."oming up in the next hour, crude cyberattack. hackers go after the largest u.s. fuel pipeline, freezing shipments to large swaths of the country. the latest information about the ransomware attack and what the white house is doing about it. plus, bargain-basement borrowing costs. amazon cannot resist refinancing debt, even though with tens of billions in cash, it doesn't really need to. it's one of the many companies taking advantage of wide-open open bond markets and spreads. and it's a hussle. elon musk takes a deep dive on saturday night live. what's each joking or was he serious? we will discuss. tech shares leading stocks down as a convergent commodity prices could derail a growing rebound in the united states. >> we are officially in correction territory. let's look at what's underneath the hood look at some of the big tech names individually. you can see a lot of red here, emphasizing the selling. let's start off with google and facebook, warning of a growth slowdown, putting co

chang. ♪ emily: i am emily chang in san francisco and this is "bloomberg technology."p in the next hour, crude cyber attack, freezing fuel shipments to large swaths of the country. the latest information about the ransomware attack and what the white house is doing about it. plus, bargain-basement borrowing costs. amazon cannot resist refinancing debt even though of tens of billions in cash it does not really need to. it is one of the many companies to take advantage of wide open bond markets and spreads at three year lows. and, it is a hussle with the doge father himself takes at deep dive on saturday night live, but was he joking or serious when he called the doge, a hustle? we will discuss. tech shares leading stocks down, inflation concerns could tech could derail a rebound. kriti: not a great day for tech. so much selling you saw dragon all three benchmarks. the highlight in terms of selling, that new york faang index that houses all big tech heavyweights here and around the world. alibaba is in this index and you can see it is down 10% from its peak. we are offic

emily: what is next? it seems like we are in a holding pattern, what do you imagine is going on inside facebook with regard to this decision? guest: facebook has a lot of work to do. they are going to have to reassess the thinking and the process behind suspending trump. they are going to have to have conversations about, what are our standards? we saw the facebook oversight board say one of the standards they think the company should adopt is if the post poses a harm. facebook will have to figure out, what does harm look like? and in what they see political situations around the world are we going to intervene? it could be the question of where does trump go from here? how to see continued to harness the power of the internet to drum up his base and continue his influence in the republican party. he started a blog of sorts that he is calling his own social media network, but i think ironically -- prompting users to promote his posts on facebook and twitter which shows the limit of his digital presence. e

emily: katie, thanks so much.l, who else do we have with us now but the chairman and ceo of palo alto networks, nikesh aurora. your third-quarter billing jumped 27%. tell us what is driving the growth? does it have to do with all the hacks happening and increased demand for companies to protect themselves? does it have to do with remote work? what is driving it? >> it is both of those things. the pandemic drove two major things. it drove people to working from home. what is happening now is that people are -- re-architecting everything to try and get us to a place where they can be equitable for employees to continue working from home. you add to that the fact that everything was technology-enabled, we had to get our revenues to come from tech-enabled platforms because the physical world was shut down. there was an over reliance on technology. now we have the unfortunate multitude of hacks around us which are creating awareness around security and thus driving buying in the security sector. emily: helping drive aw

emily: that u.k. information about the russian foreign intelligence service and their hackers breaching emails to find passwords and information to infiltrate organizations. what is google doing to protect users against this? >> there again, it is about taking secure credentials and locking them down, and an explicit vault designed for it. the google password manager built into chrome and android available on ios, gives you strong security, that central place. you can also use that will security check up. g.co/securitychecuip -- g.co/securitycheckup. that puts people into the best protected place where there is less surface area for attackers to go after emily: meantime, google with other companies is becoming more flexible about letting employees work from home and work from anywhere and i know this is a massive security challenge for all companies. what is google doing to protect its own employees, and all of this critical and privileged information that you have? and can google protect all of that

chang. ♪ emily: i am emily chang in san francisco and this is "bloomberg technology."p in the next hour, crude cyber attack, freezing fuel shipments to large swaths of the country. the latest information about the ransomware attack and what the white house is doing about it. plus, bargain-basement borrowing costs. amazon cannot resist refinancing debt even though of tens of billions in cash it does not really need to. it is one of the many companies to take advantage of wide open bond markets and spreads at three year lows. and, it is a hussle with the doge father himself takes at deep dive on saturday night live, but was he joking or serious when he called the doge, a hustle? >> let's get the latesm kriti gupta. walk us through the day. >> we do have some earnings. we will kick it off with lemonade, rallying ahead. you also had unity software rallying on. this is actually up 2.2% after paring back some of those gains. lastly, you have ea, stock did originally drop by more of a margin. those are your after earnings stories. the story was really macro today. we started

the bullish casework semiconductor stocks, emily. emily: katie, thanks so much.more about chips right now from our renee james, ampere computing chairman and ceo. she is also the -- she was also the president of intel where she worked for decades. you know more about this more than just about anyone. i want to start with this cheap startup that you have launched. chip startups are rare for a reason, it is an incredibly expensive industry to compete in, it takes years to build up credibility with customers. where are you and where is ampere computing? do you think you have crossed the threshold into the bigger leagues? renee: i don't know if we have completely crossed over. first of all, thank you for having us on. ampere computing is doing high-performance microprocessors. so we are focused on building the higher performing, most power efficient microprocessors for the cloud and data center. it is a tough business, and a lot of people, go into it thinking that it is about design and a it ends up being about not only the design, but the supply and the customers an

emily: ok. speaking of electric cars, elon musk who of course is the ceo of tesla, has been very vocal about the energy consumption of bitcoin mining. he and tesla have invested in bitcoin itself. are you concerned about the energy consumed by crypto mining, given how much the market has exploded? are you thinking about this from a policy perspective? gina: of course we are thinking about every sort of energy consumption that we have in the united states. because we need to right now, this decade, invest in how to turn that around. we do have a climate crisis, we owe it to our children to tackle it. you are right to look at every opportunity that we can to actually reduce this greenhouse gas emissions. i will not speak specifically to that issue at hand, but i will say we are looking at how to look at every sector of our economy, and lead our commitment that we made to the international community when we rejoined paris. which is how we can cut our greenhouse gas emissions in half by 2030. that i

emily: much more to come.e following it every step of the way this week as the trial continues and concludes. bloomberg's mark gurman, thank you for your help. coming up, like many tech companies, salesforce is preparing for the return to the office after some of its employees were stepping fully inside the building for the very first time. we are going to hear from salesforce copresident and coo brett taylor, next. this is bloomberg. ♪ emily: when it comes to working from the office and working from home, companies are taking different approaches. monday, jp morgan reopened its offices across the states. tech companies seem to be all over the map when it comes to the directions they will take. some companies like jp morgan are preparing for companies to return to campuses, others say they can continue working from home. others are figuring it out later. as part of our segment, i caught up with salesforce copresident and chief operating officer to talk about what the future of work would look like. bret: i thi

emily: i am emily chang in san francisco and this is "bloomberg technology." media deal monday. at&t will combine with discovery. in a 43 billion dollar deal. we are going to hear from both ceos ahead. plus, discord started out as a way for video gamers to chat online. now the platform has 150 million active monthly users using it for everything. from musicians chatting with fans to kids doing homework with , friends. i will talk with co-founder and the ceo who turned down a $12 billion offer from microsoft. the plot thickens in the divorce of bill and melinda gates. it turns out microsoft investigated bill gates involvement with an employee almost 20 years ago. we will have the details, plus what it means for microsoft and the gates massive philanthropy efforts. all those stories in a moment, but u.s. stocks falling monday as jitters over inflation linger. bloomberg has the story. walk us through the day. kriti: red on the screen. i am on a loop. tech underperformance is the story of the day is what it seems like. you can see on the board behind me, the s&p 500 is down in the r

emily: i am emily chang in san francisco and this is bloomberg technology. epic's ceo takes the stand. the play-by-play. power-play. cj kroeber crew sits on the coalition for fairness says that apple's dominance means that it is no longer free market. his perspective on the ethics case and the industry just ahead. and a triple threat. stitch fix is bringing in 2 billion revenue. will soon have a new ceo and is ready to embrace the return to work crowd. i will talk to the outgoing and incoming ceo. all those stories in a moment but first you asked stocks trimming tests as apple and tesla weighed on the nasdaq. let's get to our guests are it all started today in the green. and then we turn things around. manufacturing data. that boom is slowing down. it is all about the chips. weighing on the s&p 500, not enough to drag it into the red. it was enough to drag the nasdaq into the red. it fell 1.2% on the day. i want to show you what it did. to semi conductors and autos. that is going to be the clearest research. when you start to have that show up in the stock p

peter: emily birnbaum.ly: yeah, so today the house judiciary antitrust committee is holding their first hearing of the 117th congress. they are asking experts and basically, over the next month, i think there are going to be multiple hearings where they really start to hone in on legislation. the chairman of the committee says he intends to put out legislation either through one , big package or multiple packages, maybe some with bipartisan support, some without. but he and senator amy klobuchar have made it clear they want to put a lot of political power into trying to get some antitrust reform through congress during the biden era. so i totally agree, in terms of the court cases, the fcc's case against facebook, that's going to take so long, so many years. but in terms of forward motion on legislation, i think this is really the time for it. and democrats can see the opportunity. peter: ashley gold. ashley: i would echo what everyone has said here. i spoke to chairman sip illini of the house judiciary com

emily, if you can talk about this?uld like to ask janine zacharia to go broader on the coverage of israel and palestine. there was just a major petition that was signed by many two canadian organizations talking about the fact they're not even supposed to use thword "palestine." >> hi can't real speak to each of executives within the associated press were involved in this decision to fire me. partly because i received so little information when i was fired and still have received so little information. but the timing is important to the story. it is a perfect storm. you have the event in gaza with the ap officer couple of days ago. we have -- people have made inks between my treatment and the treatment of other journalists. this is also happening within a moment news organizations are reckoning with this question of social mia objectivity, past activism, diversity of life experience. i think that is why my former colleagues at the associated press, partially why they felt so compelled to speak out. and seeing that is u

with emily chang. emily: i'm emily chang in san francisco. this is "bloomberg technology." coming up over the next hour, it is the main event as epic games takes on apple in a major antitrust trial. teams sweeney takes a stand. we will have the play-by-play the first day in court. power-play, cj probert who sits on the coalition for the fairness as apple's dominance means it is no longer a free market. his perspective on the case and the industry just ahead. a triple threat. stitch fix is bringing into billion dollars in revenue. it will student -- it will soon have a new ceo and it is ready to embrace the crowd. i will talk to the incoming ceo and elizabeth spalding. all of the stories in a moment. . u.s. stocks trimming their advances. tesla and -- let's get to bloomberg's kriti gupta and ed ludlow. kriti: it started today in the green p then we turned things around. this had to do with the ism data, the massive boom slowing down. it is all about the chips. he saw that unilaterally, it hit big tech. weighing on the s&p 500. it was enough to drag the nasdaq and the red. yo

chang. ♪ emily: i am emily chang in san francisco, and this is "bloomberg technology."oming up, u.s. stocks sliding as the stock selloff ignites. we will talk with dan ives. plus, you can call it cats for jabs. uber and lyft say they will give free rides through july 4 to anyone needing a covid vaccine. president biden says this will help to boost the country's economic recovery. speaking of, we are focused on boston's rebound, a hotbed of biotech innovation. we are going to speak with boston leaders, including boston mayor kim janie and celtics co-owner steve pahlavi luca. inflation potentially looming. that's get the latest from kriti gupta. kriti: we do have some earning stories. let's kick it off with lemonade. you had unity software rallying on a second-quarter quarter earnings beat coming in. this is actually up 2.2%. good news for unity software, and lastly, you have e.a., a stock that dropped by more of a margin. it looks like it is coming back just a little bit. [no audio] i really want to show you what we've done in terms of the p/e ratio for this index. we've

emily: i want to go back. you said one of the reason is because many republican leaders have upheld the lie. a number of people have come out and said there was no fraud in the election. what more might need to be done? rep. kinzinger: i would love to see the republican party -- to determine whether the election was stolen or not. we will have all of the evidence. if it is an honest report. that is why i wish it would be the party with kevin and leadership. tucker goes on at night and tries to discredit all that. i did one of the first shows where he tried to ridicule that they had anything to do -- the russians had anything to do with it. nobody remembers what he said the night before. he could say, we should stay in afghanistan and the next he could say he is not a supporter. that is what happens on these kinds of things. what about this 30,000 ballot that happened in michigan? now the truth comes out. it never existed and now it is on to the next conspiracy theory. i had one very same person telling me, i g

they are not one of us. >> emily: exactly. morgan, i would like to ask you, at your time at the state department you traveled all over the world and saw what stifled free speech looks like and the impact that it had, so what concerns do you have? >> morgan: that's a very good point, so facebook has about 190 million users around the world and as we were traveling around the world we would often try to figure out which social media platform was the best platform to use to speak to the local people to let them know about mike pompeo, president trump, et cetera. and a lot of times it was facebook. so i think if you look as a company that is a tough decision that was going to anger a lot of people no matter what decision that they made, but listen, if you look at it from a free-speech perspective, this is not the government taking a little bit more libertarian point of view, this is not the government telling someone that they don't have free-speech or can't have social media, this is a company and keep in mind most of these compa

emily: i want to go back. you said in the past that one of the reason is because many republican leaders have upheld the lie. i also want to point out that a number of people including former attorney general lyons bar have come out and said there , was no fraud in the election. i wonder what more might need to have been done? rep. kinzinger: i would love to see the republican party, in essence, commission a study to say, we are going to determine whether the election was stolen or not. and we will have a report out with all of the evidence. if it is an honest report. emily: didn't they already do that? rep. kinzinger: that is why i wish it would be the party with kevin and leadership. you can look at william barr and tucker goes on at night and tries to discredit all that. i did one of tucker's very good shows -- very first shows where he tried to ridicule me. nobody remembers what he said the night before. he could say, we should stay in afghanistan one night and the next night, he could say he is not a supp

emily: i want to go back. you have said in the past that one of the reason people believe the election was rigged is because public and leaders have upheld the lie. a number of people including mitch mcconnell and william barr have said there was not any fraud and that biden is really the president. what more might be needed to be done to really counter this quote unquote big lie? rep. kinzinger: i would love to see the republican party -- to actually commission, i guess, i have not put much thought into this, so it may be a dumb procedure, but in essence commission a study to say we are going to determine if the election was stolen or not and we are going to have a report out. obviously if it is an honest report it will prove that it was not. emily: president -- did that already happen? it was looked into and we got a conclusion. rep. kinzinger: that is why i wish it would be the party with kevin and leadership. tucker goes on at night and tries to discredit all that. i did one of tucker's very first shows wh

emily, this is not a solution to the crisis. acknowledge that is a root cause problem. a long-term potential salve to this problem. you plant trees. they help whatever environment you're trying to foster. it's notsiving the crisis now. think about the message it sends to the american worker. bottom line, you don't enforce border enforcement here. lower income, bottom of the ladder jobs are taken at below market wages by illegal aliens. meanwhile, we're going to take money, taxpayer dollars and pour that to other countries. every which way, you're hurting the american worker, the lower ends of the american economic ladder. i don't know -- it's just a complete -- it's divorcing yourself from ever caring about them. it's really sad. >> emily: kayleigh, now we have the president doing this. he did it as vice president and infused cash payments down there. wouldn't you say that this repeated pattern by his white house of this cash pez dispenser payments down there to the northern triangle countries, all it done is indicate that its t

emily: hi. lemonis: how are you? i'm marcus. emily: i'm good. i'm emily.hunter: hunter. lemonis: hunter, nice to meet you. do you love all these toys? emily: yeah. lemonis: what do you think about making it better? hunter: yes. lemonis: what do you think we should do to it? hunter: just decorate it better so that way it doesn't look kind of cheap, almost. lemonis: oh, it looks cheap? okay. at least we have an honest family member. and what do you think they sacrifice for you? hunter: a lot. dad worked a lot. he still does. mom still does. we never get to have family outings, not very often, anyway. ♪♪ lemonis: i'm marcus. laura: hi, laura. nice to meet you. lemonis: laura? laura: yes. lemonis: nice to meet you. jessica: jessica. lemonis: jessica. jessica: yep. lemonis: nice to meet you. do you guys work here full-time or part-time? both: part-time. lemonis: and so i know that we're just meeting for the first time, but mark and heidi and i ended up making a deal for me to help grow santa's toys, and in order to get ready for the holidays, something's got to

i've been wrapped. >> emily: i'd love to give you time to answer but we have to go.ports of emails from hunter biden's laptop that indicate president biden didn't meet with his son's business partners while he was vice president, despite what he told reporters several times on the campaign trail. >> mr. vice president, how many times have you ever spoken to your son about his overseas business dealings? >> have never spoken to my son about his overseas dealings. [lazer beam and sizzling sounds] ♪♪ we made usaa insurance for members like martin. an air force veteran made of doing what's right, not what's easy. so when a hailstorm hit, usaa reached out before he could even inspect the damage. that's how you do it right. usaa insurance is made just the way martin's family needs it with hassle-free claims, he got paid before his neighbor even got started. because doing right by our members, that's what's right. usaa. what you're made of, we're made for. ♪ usaa ♪ >> president biden: i have never discussed with my son or my brother or anyone else anything having to do thei

emily: i want to go back. you said in the past that one of the reasons people believe the aggression -- the election was reg because republican leaders have upheld the lie. i also want to point out that a number of people including mitch mcconnell, former attorney general william barr, have come out and said there was no fraud in the election. i am wondering what more might be needed to be done to really conquer this quote unquote big lie. rep. kinzinger: i would love to see the republican party actually commissioned -- i have not put much thought into this. maybe a dumb procedure but commission a study to say we are , going to determine whether the election was stolen or not. and we will have a report out with all of the evidence. obviously if it is an honest report, it will reveal it was not. emily: didn't they already do that? we already got a conclusion. rep. kinzinger: that is why i wish it would be the party with kevin and leadership. you can look at william barr and it is fine and tucker goes on at nigh

here today, emily compagno, gillian turner, dr.ole sapphire and joining us today for the very first time, welcome fox news analyst, raymond arroyo. >> thank you. >> kaleigh: good to have you here. the cdc's updated guidelines dominating the news cycle at a time when the president is facing criticism. from the response to the middle east to the handling of the southern border. the former assistant health secretary under president trump, admiral giroir says this about the questionable timing. >> look at the whirl wind that happened on wednesday night. dr. walensky was intransient in her position. yesterday morning dr. fauci said yeah, you still need a mask indoors and outdoors if you're in a crowd. by the afternoon, it was all over. these decisions are not pure science. shouldn't look at it that way. it's not about infection control. it's about opening america, liberties and how we run our country. there was no scientific knowledge that happened yesterday. in fact, when you look at the cdc website and they say what is the science beh

emily. >> emily: with hate-crime penalty in the federal domestic sense, if there is bodily injury, you can get life. it includes threats and intimidation and hearing comments you reference, it breaks my heart, not only slurs and despicable comments, to me, it rises to the level of intimidation. these are hate crimes coming out of congress people's mouths. as we see spiking trends of anti-semitic crimes and seeing on air, it is troubling to watch. that is always against a backdrop of an ever-present situation, these are just spikes. anti-semitic crimess are there. saw spike last year, 19% against global backdrop of the un, clear anti-israel sentiment, condemned them three times as much as other countries, including china, russia and some that celebrate their own human race abuses. it is pepostrus and it is important to remember, steps in 2015, about anti-semitic, blips in the radar of what the community has to deal with all the time. and i wonder, with the lackadaisical invertebra response biden has shown, what would that have been like if it was terrorist organization, terrorist attack

you come emily, i'm done. >> emily: kayleigh, your thoughts?kayleigh: harris and steve could not be more accurate about this, we said from the podium and made them put lockdowns work causing mental health issues. not only that but the cancer diagnosis is as well, we are seeing increased late stage cancer but coming back to harry, totally agree with kennedy. i am so tired from hearing from him, how sad that he comes to america and his brand is attacked my family, attack my former country, attacked the new country i have come to and he said he roughed left the royal family because he was upset with the british present it was affecting his mental health, why is he on my television screen nonstop, in my ear on podcast nonstop, meghan markle, apparently she cried the night before the oprah interview came out because of the u.k. press, why is she constantly out there in the press, don't put yourself out there in the press, go up a nice private life but they want to be out there, their brand is attacking the royal family, attacking america and attacki