chang. ♪ emily: i'm emily chang in san francisco and this is "bloomberg technology." bloomberg scoop, apple plans to slow hiring and spending. we have the inside scoop on how they plan to do with it. netflix says stranger things was even bigger than expected. after dismal start to the year, stranger things have happened. bitcoin rally, jumping as much as 7% for the first time in weeks. what is driving the rebound? later this hour. first let's get a look at the market. stock slow down after the bloomberg scoop that apple plans to slow hiring and spending. taylor riggs is here to walk us through the day. taylor: equity markets, about tenant -- 10 minutes before 2:00 when i went on air, all of it started to unwrap -- unravel with that headline you just mentioned. the nasdaq 100 off about .9%, certainly the big underperformer on that news. we will circle back and get to that in just a moment. more about some of those stories. i wanted to talk about ibm as well, just after the closing bell off about 1%. overall, the topline numbers look good. they didn't mention the headwi

emily: i am emily chang in san francisco and this is bloomberg technology. coming up, stocks amidst a shockingly high and ration report. investors wondering if the fed will get more aggressive. we will talk about what it means for tech ahead of a key earnings season. plus, an exclusive conversation with ibm ceo. what is his view on the economy and the supply chain? we will ask that and more coming up. in the first ads on netflix will be brought to you by microsoft. were going to tell you about the deal between the two tech powerhouses entering the ad business. all of that in a moment but first, i want you to look at the markets, another day in the red and no thanks to inflation. ed ludlow here with all the latest moves and take it away. ed: cpi for the month of june coming in hotter than expected. equity markets, sometimes they go up, sometimes they go down, sometimes they do not move at all and that is where we are at with the nasdaq 100 ultimately down a 10th of 1%. i don't normally do this, this was the session on wednesday, we start significantly lower.

emily: i'm emily chang in san francisco. coming up, apple announces are rare sales promotion for the iphone in china. is the discount a bad sign? on the latest episode of keeping up with tiktok, meta-introduces a feature to help people make money from videos set to music. what it means for facebook and instagram. tech workers may be leaving a hole in san francisco. can the city recover? does silicon valley need to reinvent itself as attack hub? -- as a tech hub? tech dropping lower out of a brutal week for earnings. at low -- ed ludlow has the moves from walmart. >> earnings season hitting us in the face. the nasdaq 100 down 0.5% for a second day of declines following a negative into the week. the philadelphia semiconductor index lower 0.7 percent. even with the administration giving talks with business leaders about bringing the production of semiconductors back into the u.s. on the progress they hope to make with chips, looking for optimism, 1.4% on the nasdaq. a local media report out of china says beijing regulators are

emily: i'm emily chang in san francisco. this is bloomberg technology. coming up in the next hour, support much go -- twitter's lawyers say the termination of the deal was wrongful. we will talk to a former twitter insider about where the legal saga goes from here. plus telecoms uphill battle continues -- the connected fitness company will stop making bikes and house. we will have the details. funding for crypto startups plummeted last quarter. we will ask likely venture partners why they are planning to double down on the blockchain. and sequoias janice lee will talk about their new plan to hunt for what they call outliers and put $1 million behind them. first i want to get a look at the markets. tech pulling stocks lower ahead of key consumer data coming out in the next when he for hours. ed ludlow has all the moves and here we are again -- tech losing steam. ed: more muted moves to the downside then perhaps we saw on monday. that key cpi data to you on wednesday at 8:30 a.m. eastern time. i have a public service announcement -- you know i love to do t

emily: i'm emily chang in san francisco and this is bloomberg technology. a record june quarter for apple with revenue despite headwinds from a strengthening dollar, china lockdowns, and an expected slowdown in consumer spending. the iphone topping estimates but supply constraints hitting the mac and ipad. tim cook, we will tell you what he had to say. amazon surging in late trading after providing a strong outlook for the third quarter. a much different forecast than other retailers. net sales jumping in the second quarter thanks to prime day shoppers. we will dig into the data. the largest chipmaker for mobile devices is mourning the slow down in spending. -- warning of a slowdown in spending. we will talk about the weaker than expected forecast. all of that in a moment but first, a look at the markets. another big day for tech results. apple and amazon out after the bell and we are seeing some green. ed: apple up 4%, narrowly beating the top and bottom line. strengthen iphone and ipad, missed on mac. it missed on services as well which was an area analys

emily: i am emily chang in san francisco, this is "bloomberg technology." how would delaware court could force ideal from daily signs allowing twitter to seize his assets. we will talk about all the ways musk could be held to his word if he loses was shaping up to be an epic legal battle. plus pinterest gets a big boost from elliott management after the activist investor takes 89% --a 9% stake in company shares jumping after hours. amazon had a surprisingly strong day, sales jumped. we will break down all of the data. all that in a moment, but big first tech moves after hours as we mentioned pinterest jumping, snap soaring. in a flurry of late afternoon trades. ed ludlow with us for more. >> broadly we had a down market, s&p 500 softer by .3 of 1%, a lot of that speak, we had the hot inflation print earlier in the week. a lot of chatter that the next fed move will be a 100 basis point hike putting toward recession territory. potentially is a fight inflation. you had a fed speech out thursday with a lot of names saying 75 basis points and the nasdaq 100 clos

chang. ♪ emily: i'm emily chang in san francisco and this is "bloomberg technology."oming up in the next hour, meta falls after reporting its first-ever decline in quarterly sales. added to the list of social platforms warning an ad back will hurt the bottom line. in the division building the metaverse, reality labs lost $2.8 billion in the quarter. the senate passes a bill to reinvigorate the u.s. chip industry. but pc sales are slowing as consumers get out of this pandemic mindset. how will this change how silicon valley does business abroad? we will discuss. more bad news for coinbase. cathie wood's ark sold $75 million in shares after the sec announced an investigation into trading activities. why are shares up double digits? we will explain. first i want to get a look at the markets. big tech names, meta and qualcomm porting after the bell. ed ludlow here to break it down. ed: meta, its first-ever sales decline. the stock down 3.5% in after-hours. the option market priced and a lot more volatility. -- in a lot more volatility. a muted reaction. lots of questions

emily: i'm emily chang in san francisco and this is bloomberg technology. tesla shares jumped after better-than-expected results showing the carmaker is getting production back on track. tesla making more ev's in june than any other month in the company's history. netflix shares rallied after the streaming giant lost only one million instead of 2 million subscribers. a shift in investor sentiment could buoy markets next week. the influencing marketing firm announced it has a new board member. all of that in a moment but first i want to get to stocks lifted by netflix seemingly streaming in the right direction. taylor riggs is here to break it all down. this is one losing one million subscribers is not so bad. >> somehow we are managing to turn that around. when you think about technology, the big performer, outperforming the sox index and the russell 2000. it was a day of green on the screen after a broad-based rally yesterday as well. it has actually been one of the best post earnings reactions on a broad-based index of where we are so far in this earnings

emily: what is next?lex: there should be some meetings with brandon carr's team, he is an ftc member who has been very vocal saying this week that tiktok is a security threat to our military. the company has said they are meeting with that team. they will also continue working with the national security arm of the u.s. government to try to wall off this information in a way they feel comfortable with. i would guess what they are trying to do is head off any large fives we saw a couple years ago with president trump at the time saying we need to get rid of tiktok because it is a national security threat. i would expect that volume two continue between bomb makers and tiktok -- between lawmakers and tiktok. emily: coming up, new york's prospects as the tech hub took a hit. we will explain next. this is bloomberg. ♪ emily: now to an exclusive, meta and amazon are cutting back on plans to boost their office presence to cut costs. both companies are backing out of expansions in new york that could have brought

emily: this." coming up, tesla shares jumped after better-than-expected results showing the carmaker is getting production back on track. tesla making more ev's in june than any other month and the company's history. we will dig into the numbers. netflix shares rally after the semi giant lost only one million instead of 2 million subscribers. could this shift in investor sentiment we markets as earnings rollout? and it is game on for the influencer marketing house. a board member via spac. why now? all of that in a moment. i want to get to stocks rising in part lifted by netflix seemingly seeming in the right direction. taylor begs here to break it down. this is when there's a one million subscribers is a good thing. >> we are managing to turn that around and it did leave the market here, 20 think about technology, a performer, outperforming the stocks index. the russell 2000 also a big outperformer. it was another day of green on the screen. coming off of yesterday, which was a broad-based rally a

emily: i'm emily chang in san francisco and this is "bloomberg technology." snap misses big and even the ceo says he's not happy about the result. plus the company gives no third-quarter forecast. how deep our advertisers slashing their budgets? we will discuss. plus, consumers are still strapped for cash, pushing back cell phone payments, hurting the bottom line of at&t, shares dropping the most in two decades. i will ask eo what this tells him about the state of the economy. a health kick, amazon purchasing one medical in a deal one day after they published their 60 page report about their own dominance in the sector. we will head to the front lines of a new showdown. all of that in a moment, but first, tech valley before the bell, more after hours on the back of snap results. ed ludlow is here with the latest. snap, not so good. ed: what's so interesting is how tech is dominating the psychology of the market. it makes for a pretty big pullback in yields when you look at the 10 year treasury. yields had risen slightly higher in a knee-jerk reaction to the e

emily: i'm emily chang in san francisco. this is bloomberg technology. coming up in the next hour -- could have been worse. -- could've been worse. that's what analysts are saying about netflix results. shares jumping despite losing almost a million subscribers. could ads solve the company's problems? we will discuss. twitter wins for now -- a judge grants the company to fast-track its lawsuit against yield -- against elon musk. the trial now set to start in october. what it tells us about which side has a better shot stop as a major crypto lender, is regulation the answer? the head of u.s. policy talking about the weight out of the ashes of the crypto crash. first i want to get a look at the market. tech pushing u.s. stocks higher as earnings season it does well. ed ludlow is here with the very latest. ed: interesting session. 494 stocks in the green, that's the breath and rally we haven't seen since march of 2020. if you look at the outperformance, the nasdaq up 3%, its best performance in more than three weeks. that is as risk on appetite took over. b

chang. ♪ emily: i'm emily chang in san francisco.oming up in the next hour, twitter's tepid results. another blow to the company already fighting a legal battle with elon musk. we talk about what it tells us about the state of social media. plus, more tech companies hitting the brakes on hiring. what does it signal about the future of the economy and what does silicon valley look like when the dust has settled? and finding a soulmate comes with a cost and inflation is not helping. singles are getting creative as the dating economy suffers from sticker shock. first a snap, then twitter dragging markets down, this only fueling fears of a recession. ed ludlow here to break down what has been a sour and to the week. ed: yeah, happy friday to you, too. technology for clear underperformer, snapping three straight days of gains, which was its best day since may. the earnings season hit us in the face hard and we are reacting to inflation, to weakening advertising demand, pulling back 12 basis points. when you see a 12-basis-point drop on th

emily: what are the next steps? interesting because if you look for an example coinbase is ipo filing, it said the regulatory landscape would be a risk factor and look at how much it has been one. coinbase a stock dropped 20% and the total stock drop you have seen this year, the market cap has gone down so much. it is less than half the size of nasdaq now when it went public, it was much bigger. exchanges in the united states, stock exchanges have what the industry likes to think of as because i regulatory powers. when you look at these crypto exchanges which are the primary way to oversee the industry, are they going to look more like stock exchanges in the future where they have rulemaking capabilities or how much will the agencies fight through themselves? it's an open question. it will be played out it looks like in courts in a lot of cases. >> any precedent for where this could land or none at all because digital assets are so new? >> not a lot of precedent in terms of whether digital assets are securities. as

♪ ♪ >> emily: this is "outnumbered" if you'd hello.m emily compagno here with my cohost, kayleigh mcenany. also joining us, dr. nicole saphier, kat timpf, and joe concha. americans are gearing up for travel nightmares and what could be the most expensive independence day ever. three and a half million americans are expected to fly this weekend. they will be bracing for delays and cancellations as the airlines struggle with staff shortages and soaring fuel costs. already today, 270 u.s. flights canceled and more than 1800 delays. well, a record 42 million americans are expected to hit the road this year with gas prices hovering near five bucks per gallon. you will not be getting much of a break if you are planning a backyard cookout. inflation is sending the costs of the barbecue staples that we all love through the roof. the price for hot dogs alone up nearly 40%. but instead of offering a solution for struggling families, president biden is telling americans is not so bad here. once again blaming russia. watch get >> inflation is high

>> emily: credit card!at's when i realize what i forgotten. >> emily: coming up, what's with the glue all glue all the sudden connected climate change and animal rights activists, they are all using adhesives to get the message across. that's next. ♪ ♪ at bath fitter, every quality bath starts with quality people. our consultants help you choose from hundreds of bath options so we fit your style. our installers complete your work in as little as a day so we fit your schedule. our manufacturing team custom crafts your bath so we fit your standards, and it's guaranteed for life. when you can trust the people who create your new bath, it just fits. bath fitter. visit bathfitter.com to book your free consultation. apparently gluing one's self in the name of protest is becoming a trend. supporters of the just stop oil coalition in london glued themselves to leonardo da vinci's last supper, and then another vincent van gogh painting. what's with the glue, emily? >> i don't know, they need to be charged with malic

and maybe, emily, get your quick thoughts on this.ause we are not at the point yet where we can sustain some of the things we are hearing out of people who are activists on this, woketivists, as i say. even though i house goes out and spends $60,000, $70,000 on electric car. our grids are suffering. when you see this, what goes through your mind? >> emily: i appreciate that point so much, and you're right. the transition is not immediate, and some type of switch being flipped that these advocates are calling for is totally unsustainable, unrealistic, and the fact that to them a job in a livelihood wrapped up in all of that means nothing, no one acknowledges, i feel like, in those extremists, the end game or the long-term result of that and tied transmission. but they are advocating for is so unrealistic and so long term, when we see that, that's a perfect example that is not immediate and there needs to be a shoring up and an acknowledgment of what needs to occur before you transition. >> kennedy: but that's the best point, they need

>> emily: i would love to ask you a specific question.the domestic side, during your term at the state department, we had a structured program at the department of justice committed to identifying and rooting out the chinese infiltration in this country. intellectual property theft, physical breach, and the like. obviously that program has been distinguished. to the detriment, my question is if that loss is unrecoverable. headley come so far while you're waiting for a republican president to come back in and restore order and that sense of national identity and protection and safety and security? heavily lost and moving into the next two years, is that unrecoverable? >> morgan: i think you're hitting the nail on the head in the central argument of the people in the republican community are having right now. if you listen to my friend who was in charge of asia in the dod at the trump administration, he is a way that we are in a place where we aren't going to be able to defeat china. you have all read about the war games around taiwan, how

members of her family. >> emily: we can imagine why.on of me and my family. she can take me and my family -- >> kayleigh: i think this was an effort to get likes or tweets or some kind of controversy brewing. i knew it was going to be controversial when i tweeted it. >> emily: she can definitely use a hug. thanksgiving i bet is really exciting for her. i just think social media and rants like this allow people to be narcissistic because otherwise they wouldn't have a platform. she could be screaming into the wind about it but she gets eight platform. she is a color list my colorist journalist. stop projecting on everybody's life and family. i will pray for you but stop pretending that everyone situation or wishing it were. >> kayleigh: why is this a good thing to tweet? >> harris: she is sad, she is just sad. half of my family is white. so, i would just challenge her to meet biracial kids like mine and to sit with my white husband and see what he says. i mean, maybe you're circle is so small that she doesn't know anybody, you know, that

let's create emily: time for our crypto report.we have seen bitcoin is on , track for its worst quarter in more than a decade as a string of high-profile blowups crush confidence in the sector. 58% plunge is the largest since the third quarter of 2011. that is according to data compiled by bloomberg. are we nearing the bottom? tegan kline is the cofounder of the edge & node, the company behind the graph protocol. think of them as the google of blockchain's. i want to talk about your experiences as a founder and investor in this space, but first, your comment on the market, bitcoin below $19,000 for the second time in two weeks. it's all looking a bit grim. how much longer does it last? guest: there was a liquidation cascade and that will take months to recover. but the exciting thing is that a centralized finance is what broke, not decentralized finance that broke. decentralized finance held up very well. i think there is actually a big opportunity to get involved in the crypto space for many of the viewers that haven't yet, especi

so i will go for a boy. >> kayleigh: emily?next block. what color will they change to? >> harris: there they are. >> kayleigh: i will go with girl. you wanted healthy come i love at all. we will find out next. ♪ ♪ oh, hey. buying a car from vroom is so easy, all you need is a phone and a finger. just go to vroom.com, scroll through thousands of cars. then, tap to buy. that's it. no sales speak. no wasted time. just, straight up great cars. right from your phone to your driveway. go to vroom.com and pick your favorite. wooo. oh yeah, she digs it. buy your car on vroom.com vroom. get in. with best western rewards you get rewarded when you stay on the road and on the go. find your rewards so you can reconnect, disconnect, hold on tight and let go! stay two nights and get a free night. book now at bestwestern.com. >> tech: need to get your windshield fixed? safelite makes it easy. and get a free night. >> tech vo: you can schedule in just a few clicks. and we'll come to you with a replacement you can trust. >> man: looks great. >>

emily?nd os, elon musk is arguing that because they weren't honest about the bots that is materially affected the valuation of the business. so in court he is essentially saying, this is not what i agreed to buy. and that is really high to cross and taking place in delaware, the leading state for u.s. and international corporations. when they are -- so, twitter's only option was to either sue for specific performance, which they are. "you said you were going to buy it, you have to buy it." what he signed a billion-dollar termination fee, but that's only triggered in certain instances. so their only option was to see you and say, you broke it, you buy it. and essentially hope you won't reach that high bar in court, or the most they will get is frankly that billion dollars. i don't know if it's going to be successful, you guys. i don't actually know if that bots situation, him arguing -- speefour of disclosure. see one he has to pay what i called the prenup? >> emily: i think the result will b

i implore -- i prefer emily over abedin. >> emily: thank you for that. i feel about the two of them together. but also that this must be the best revenge on the whole world. could you imagine if you are anthony weiner and you are rotting in jail for your disgusting, vile acts in your ex-wife pairs up with the hottest guy on the planet. he's hopefully still feeling ashamed and inadequate. >> to your point he said when he published his book that she invested everything in this relationship. i'm happy that despite the political differences she's coming out on top. >> harris: you met him before. >> emily: i have he's very handsome. abedin is a lucky woman and i'm happy for her. not politically aligned with her but i will say this, my mom texted me and said you have a single sister, make sure emily knows. like you guys have got this. >> you judge these couples by the name. they get a couple names. i have the best one. coopagno. >> and emily wouldn't even have to change her initials. it's getting so bad that liberals are eating the rich to cool down. certain i

i have a question for you, emily. you keep telling me democrats have not done anything and they are not doing anything and they cannot do anything. tell me what the republicans have done in the last five or six years? absolutely nothing for the american people. they built one wall and killed one million people with covid and you are telling me it is better to have a republican than a democrat? host: i will let the guest respond to that. guest: i hope that the guest has the opportunity to go back and listen to earlier in this program because i laid out a couple of things that the democrats have done this year. passing covid aid, infrastructure funding, passing the gun bill we saw the other week. what the overall perception has been is that democrats have over promised. they have talked about doing a lot of things that they will now not be able to do. even though they have done a lot, that perception of you said you would be able to do this and now we cannot, that is having an impact on democrats across the country who

only -- different, emily.ou're talking about potentially some kind of confrontation. emily: i think there is a really high potential for something to happen, right? if there is a miscommunication, a minor slip up, things could escalate quickly. i think that is the real concern. certainly speaker pelosi has been in office for a number of years. she is an experienced diplomat on going abroad. it lies with the tension right now going around and highly sensitive -- and how highly sensitive that relationship is. jonathan: emily wilkins, great work in d.c., as always. emily wilkins down in washington. the more we talk about the tension between the u.s. and china and how taiwan is part of that, have to focus more on what is happening domestically in china. we just put out a story, china is considering a plan to seize undeveloped land from distressed real estate companies, using it to finance the completion of housing project have sparked mortgage boycotts. we have some social unrest in that country, and this has been

again, my colleague, emily gardena, joins us now. welcome, emily, emily. let's start with a bailout for who nipper. how would that look like? so the german government is looking at a set of measures including loans, taking a stake in the company, and also passing on some of the extra costs on to consumers. now, the blueprint for all of this is the loved hands up a lot during the pandemic. so at the time the german government provide loans til of tundra, but also took a 20 percent stake in the company. so what we're likely going to see now and the next coming days is on friday. the done government will provide a bill that is going to set the legal framework for all of this. and then as soon as that is, has gone through parliament, it can actually act immediately. and am we're going, we're expecting a similar scenario to lufthansa. now we mentioned nord stream one earlier, what's germany going to do it after nord stream, one scheduled maintenance. moscow actually doesn't switch the taps back on so the german government has actually been preparing for this sc

here is "america reports." >> john: emily, thank you so much. in recession, according to the white house. the president's solution, tax and spend even more. republicans railing against the democrats $430 billion spending plan. >> sandra: what is the fix for all of this, and we live through inflation. put it to senate gop whip john thune, and will the spending plan even bring down

emily: i was very surprised. shouldn't say very surprised, there was a pattern being established, but to see the market rally yesterday over basically a nonevent, the fed doing exactly what they expected they would do, as raise rates in declined to give further guidance, saying that they would act one meeting at a time. so i, we are in the cap believes this is a bear market rally and it will be very difficult for the fed to get inflation down to its target without having unemployment rise. what does it mean for equity markets? we are recommending that people stayed offensive and if they are not currently defensive, get defensive. yesterday was an opportunity, in our view and frankly be would like the parts of the market that generate cash flow that will held that hold up in a recession so yes, i think the equity markets have gotten ahead of the selves. alix: so the risk, then, emily. yesterday it was clear, dovish pivot if we are had neutral. so what do you do with bonds? emily: we sell $170 million in out low bo

you know, i guess if you don't see it you don't have to do any thing about it. >> emily: right.ed about that, the abject failure of this demonstration to acknowledge the catastrophe at the southern border, the cruelty of their policies, and yet they've been tasked with securing an kamala harris that i'm going to focus on climate change and root causes. her title feels false, but it is still her title. >> rachel: the humanity and lack of compassion, you're so right david. was we were cooked alive. those numbers don't actually say what happens. many people die in the desert that we never hear of. there are children who are being traffic. we don't know anything about that. >> david: thousands. >> rachel: the lack of compassion a look at joe biden and say talking about chivalry in the break with your little 1.5-year-old, talk about lack of chivalry. or the father of the country of the president can be of no care for not just the migrants but the people that you represent on the border states to feel so abandoned that they say we are being invaded and you don't care. kaylee, let's co

emily: i am emily chang in san francisco and this is bloomberg technology. alphabet's earnings mostly in line with estimates. a sigh of relief for those concerned about the digital ad market but the same can't be said for microsoft which posted the slowest sales growth since 2020. we will look into these mixed results. plus the $52 billion chips that it one step closer to president biden's desk. u.s. tech companies will not have to rely so much on taiwan where house speaker nancy pelosi may be next month. and more scrutiny for cryptocurrencies, the sec is investigating coinbase over possible trading of unregistered securities. accusing a former coinbase manager of insider trading just last week. we will have all the details. we will exert -- we will get to all of that in a moment. let us start with microsoft and the parent company of google, alphabet. ed ludlow at the top lines from the quarter. >> we are actually a touch higher. 3/10 of 1% after microsoft missed on the top and bottom line here. the story is the stronger dollar is impacting overseas revenue

emily: i think you hit the nail on the head there.here are a lot of issues that could be discussed. a good question about what if any outcomes there will be. gas prices are on the top of everyone's mind. as you note there is not a sense we will see gas prices dropped back to three dollars after this trip. biden has also talked about the importance of having relationship with the middle east and with middle east leaders. he is meeting with a number of different leaders on this trip and he is talked about the move forward and that relationship and a constructive relationship with various countries in the middle east. lisa: i want to tie this to the idea of tariffs on chinese goods. this is something this administration is thinking of doing. is there a sense any of the policy measures being proposed by this administration could have an effect on an inflation rate with headline inflation heading towards 9%? emily: even commerce secretary gina raimondo said even if they did have a reduction of tariffs on china, something she is pushing for

jon: thank you for the reporting as always, emily wilkins.ou can watch the hearings on the terminal using the function live go. we will continue to watch the headlines out of washington. protest in sri lanka making the top leaders exit. the president and prime minister. did default it bonds. other developing nations are coming under pressure echo is the -- pressure as the economy slows. we will explore that next. this is bloomberg. ♪ kriti: this is "bloomberg markets." sri lanka was the first nation to stop paying its bondholders this year. other developing nations are seen as vulnerable to default, facing $237 billion in distressed debt. sending mackey, thank you for joining us. they said this when they defaulted on their bonds. we will put funds towards the people. when you look at these warnings are coming up from the imf, this wave of e.m. sovereign default is coming. i'm curious what the driver is. what is driving this wave of defaults? sydney: it's a mix of the things you mentioned. a lot of these countries had to borrow extra forward m

and legal writer for "the new york times" magazine, emily bazalon. neal, let's start with this term, because it has this grandeur of the law, and we are a legalistic culture here in america. when people -- i don't mean just denialists, but people hear, this is secondhand hearsay, and that's partially true, it sounds like a knock. then when you look at what's happening tomorrow, then finally cipollone's history won't be hearsay because he's stopped defying. >> yeah, exactly. first of all, ari, i don't think the statements last week by cassidy hutchinson were hearsay. she's testifying to conversations she was part of, so that's not really hearsay. to the extent it is hearsay, the only reason it is is because, like you say, people like cipollone didn't come forward. that was the only evidence that was available to them. but tomorrow -- and i'm so glad to see the committee stepped up their efforts to get pat cipollone's testimony. they subpoenaed him, ari, which is like a legal request for him to show up, and he is now coming before the committee tomorro

texas as emily benford said and mark referred to in the piece. texas supreme court did not extend an emergency order and the emergency order was the instrument by which judges were able to enforce the cdc moratorium so basically they were saying pptexas supreme court was giving judges the discussion on how they wanted to,whether or not they wanted to abuse the cdc moratorium and apply to cases . >> where is alexis after today? >> we are happy to report she and her daughter are in an apartment. they have signed a 12 month lease and they have an option to extend it for longer and she is not sure she's going to be there. but she's really the rare story because more often than not when people get evicted it sort of catapult them into this world of uncertainty that impacts almost everything. it disrupts their children's schooling andmakes it more difficult to find a job . so alexis really was back on her feet and went through this and it was the best possible outcome. >> i don't know what is there a direct connection between these tevictions ? >> ther

emily chang spoke with the ceo. >> we need more chip manufacturing.tand that chips are important. an essential technology now for our economy, and a company like qualcomm, the largest semiconductor company, we need more manufacturing of chips, so we are very happy about that. in korea, one of the top two customers of tsmc, and more manufacturing capacity in different geographies with even more suppliers such as intel -- that's great news for the industry, so we are very excited about it, even though we are not a direct beneficiary of the funds, but it creates more capacity and supply for our chips. emily: with this head off supply disruptions like those we have seen with covid? >> i think the way to think about this because this is not going to have any short-term impact -- this is about building a more resilient and geographically diverse supply chain for semiconductors. over time, i think we are going to build the infrastructure in place that will allow us to grow as an industry and have a more resilient supply chain. emily: let's talk about your re

emily: i am emily chang in san francisco and this is bloomberg technology. twitter's lawyer saying the termination of the deal was wrongful. we will talk to another former twitter insight about where the legal saga goes from here. plus, the palatine uphill battle will stop making bikes in house. we will have all the details. and funding for crypto startups, we will ask lightspeed venture partners why they are planning to double down on the blockchain and hunting what they call outliers and putting $1 million behind his new ideas. we will get all of that in a moment. coming out of the next 24 hours, ed ludlow has all the moves and here we are again. tech is losing steam. >> more muted most of the downside. that cpi data is due on wednesday. i have a public service announcement for you. you know i love to do that when it matters. the u.s. bureau of labor statistics has said there is a fake cpi report doing the rounds online. an eagle eyed investors will wait for the official release of the data. wednesday, a: 30 a.m. here in the united states. some breaking ne

jonathan: emily wilkins in washington, d.c..om keene, i'm pretty sure you've been calling it maryland. tom: i have been watching pull dark reruns. jonathan: is that why you have picked up the accent? identifying the big dollar reversal in moment. three days of this and a 2% move on the dollar index. i know we've had a big year for the u.s. dollar but it is quite a move. tom: it is. we had a big figure move. i look at the trading envelope. we are not even back to the center tendency after being out two standard deviation. i call it an elegant pullback and i am wait and see. i would defer to mr. rochester and the others for getting more fancy. jonathan: i am in wait and see mode for the ecb on thursday. we have had two stories already this morning. people familiar with the matter the ecb is considering a 50 basis point hike, not just a 25 basis point hike, that president lagarde is doubling down efforts to come up with a new bond tool. at the same time we have to do with the news. nord stream one was meant to come back on in the e

>> kayleigh: emily i feel like i'm in a twilight zone.d of sick, twisted police in the middle of new york city where this man alba defending himself is put in jail? another element to this is apparently the girlfriend come alleged to have a knife with he. she also left the convenience store to go find simon appear at simon came back reportedly about 10 minutes later with a mission to confront this individual. as you point out shopping against the wall and you point out grabbed him on the back at the neck and all he did was defend himself. alba has no criminal history and a good working law abiding citizen and his daughter said it was either him or the guy at the moment. he has never hurt anybody and never had an altercation to defend himself. this is the first time for him. so you have to make a choice between your life or going to rikers island, which we know is a pretty brutal place. emily, we live in a place trial by jury, the charges will be dropped and in the event they are not, the jury of peers will acquit alba. thank god we live i

emily? >> emily: i think it was particularly haunting the same standing so close to the former prime minister before shooting him and then watching that all unfold on video. the protective detail there lightning fast with trying to protect them. obviously unsuccessful. we know that he shot him twice with a homemade shotgun made out of two pieces of pipe attached to a wooden board with a group in an electronic firing mechanism. we do not know what ammunition or gunpowder he used. i just kept thinking about the effect that they are in japan which has such strict gun laws, that bad people find ways to do bad things. no laws absolutely full proof unfortunately. i will just close by saying prime minister pursued a this an attack on the foundation of democracy heinous, barbaric, malicious. absolutely unforgivable. he said i would like to use the most extreme words available to condemn this act. >> harris: richard? >> richard: i will add to what kayleigh said and said in 2015 shinzo abe after world