innovation, money, power collide, in silicon valley and beyond, this is bloomberg technology with emily chang. ♪ emily: i am emily chang in san francisco. this is "bloomberg technology." coming up, a bird, a plane, maybe an air taxi? one company promises a commercial fleet by 2024, hitting the public market via spac. we will bring you that conversation with reid hoffman. plus, a stock that has more than quintupled its valuation. where the ceo says the new funding will go as bitcoin takes another leg up. does he think it's going past the moon too? california will require all teachers get vaccinated or undergo weekly testing. controversy roiling school districts as kids go back to the classroom. meantime, think tesla meets uber for the air. joby believes flying taxis are the future, an aircraft that will take off and land vertically with the pilot, taking up to four passengers. with zero operating emissions. earlier, we spoke with the executive chair about the vision and challenges ahead. >> folks sometimes think about this as a jetsons future where they will have one on the rooftop or in their

and this is bloomberg technology with emily chang. emily: i'm emily chang and san francisco. coming up in the next hour, lyft turns its first ever adjusted profit. a milestone for the rideshare that has been losing money since. -- since its founding. can they both grown out of mask mandates are back? plus, after sweeping crackdown on child's most powerful -- china's most powerful technology company, tencent feeling the heat. chinese media calling videogames quote spiritual opium. what this could mean for china's biggest corporation. and, gary gensler finally weighs in on the cryptocurrencies. in his first extended interview about blockchain and bitcoin. bitcoin dropped yet again. first, a look at the markets with bloomberg's kriti gupta. i want to start with lyft delivering its first ever adjusted profit in the second quarter. they said it was coming this year and now they've done it. >> one quarter before they said they would do anything. you can see that really just becoming a game changer and -- in after-hours trading. lift shares -- lyft shares over 4%. this a profit for

innovation, money and power collide, in silicon valley and beyond, this is "bloomberg technology" with emily chang. emily: i am emily chang in san francisco and this is "bloomberg technology." beijing break -- they limit the number of time children can play games online to three hours. and, surrounding the blood testing company, fara knows. --theranos. one of silicon valley's most notorious scandals. kriti gupta, tech leading the charge today. kriti: a defendant -- defensive tone in the markets. the new york faang index up 1.6 %, helping the s&p 500 and the nasdaq close at another record. the 53 record closes for the s&p 500. what did not do well is the small-cap index. the russell 2000 in the red. this is not that unusual. let's take a broader look at the chart here. this is a little bit of a different story. that white line small caps , outperforming year-to-date. that has flipped in the last month with the nasdaq 100 leading the way. today was no different. let's look at some of the other tech subsectors. it was a tech friendly trade. golden dragon index and semi conductors in the green. the na

. ♪ emily: i am emily chang.his is "bloomberg technology." i will speak with our

innovation, money, and power collide in silicon valley and beyond, this is "bloomberg technology" with emily chang. emily: i'm emily chang in san francisco and this is bloomberg technology. the senate moving closer to passing the $550 billion infrastructure plan. but crypto regulations still a holdup. we will get reaction from the circle ceo, the cocreator of a stable coin worth more than $27 in just a few moments. billion dollarsplus, parties, dating drinking at work. , activision blizzard facing a slew of accusations from current and former employees calling out a toxic office culture and "frat boy environment." we will dive into the claims with a exclusive bloomberg report. and, scientists at the u.s. issue a code red on climate change, stating we will see warming temperatures until at least 2050 and that time is running out. we will take a look at the latest report. and, mounting pressure on world leaders to do more. first, let's get a look at the market with kriti gupta. it was a mixed day, right? kriti: a little bit of tech outperformance, or what looked like tech outperformance. let's dive

from silicon valley and beyond, this is bloomberg technology with emily chang. ♪ emily: i am emily changn san francisco and this is bloomberg technology. coming up, pellets has investors sweating. pellets on -- peloton has investors sweating. our conversation with the ceo this hour. amazon backs a company. could the electric pickup truck maker pull off one of the biggest debuts of the year? as the taper debate gets underway. >> but the criteria we put in the statement about what it would take for us to begin tapering, i think we are pretty much there. >> i think we still have an amount of energy momentum and can do our tapering faster. >> let's phase out purchases and give ourselves some breathing room. >> keep it simple, stupid. let's get it over with. >> it may give us more flexibility down the road. >> the timing and pace of the reduction in asset purchases would not be intended to carry a direct signal in the timing of interest rate with tough for which we have articulated a different test. emily: kriti gupta joins us to talk about the market reaction. >> no surprises, that is good n

with emily chang emily: the company warns lower trading activity could be ahead. we will dip into the first earnings report as a public company. and the engineer widely recognized as the inventor of etherium joins us for an extended interview about it theory him versus bitcoin. we will get to that and more, but first let's get a look at the markets. >> it was a risk off session in the market. it all had to do with the fed starting to signal the tapering they were expecting to happen could come as soon as december. you can see it behind me, the money didn't even go into big tech which serves as a haven, it was complete risk off today. i want to show you what that means for chinese stocks. you talk about u.s. tech, chinese tech, a lot of the sentiment is that people buy the dips. you can see in the right side of the screen, you did see buying the debt. some money going into china. you can see the regulatory scrutiny. those funds are just not going, it looks like they lost some of those bidders. when i talk about risk off day, there is one sector doing fairly well in

innovation, money and power collide, in silicon valley and beyond, this is "bloomberg technology" with emily chang. emily: how will the company plus, travel rebounding big time. airbnb past estimates with revenue up more than 300% last year. its biggest night ever since the pandemic began. doordash also beating on revenue despite restaurants reopening. what does delta and the surge mean for both companies? the nft phenomenon continues. draftkings must scoring big as the company launches its own in-house nft platform. how the first token of tom brady was a total touchdown. all that in a moment. let's get a look at the markets. take it away. >> the s&p 500 come up modestly, 0.3 percent, trading at a more narrow range. not much catalyst in terms of drivers for the markets but the technology lead the way. nasdaq 100, tech heavy, up 0.4 percent despite rising yields on u.s. treasuries. the u.s. 10 year up 1.3 5%. if there was a weakness it was semiconductors. the semiconductor index down one point 1%. micron downgraded. that drag down the index. the other consideration, covid. come with me into my term

this is "bloomberg technology" with emily chang. emily: coming up in the next hour, a judge throws out a critical california law backed by the biggest gig economy companies. prop 22 allowed uber, lift, instacart, and doordash to classify their workers as contractors instead of employees with full-time benefits. now it has been ruled unconstitutional. plus, it is not just space x, there is a whole host of companies vying for the market. one of them is firefly with its first launch on deck in two weeks. we'll ask the ceo what he has on elon musk. disney racked up $125 million in online revenue from "black revenue -- black widow. actress scarlett johansson has already sued them. we will get to that in a moment. first, the market started the week in the green. optimism over vaccines. ed ludlow, take it away. ed: the s&p 500 index up by 0.9%. really, the gains were in technology stocks. the s&p 500 index up 1.5%. a nice sea of green, we like to see that on a monday. optimism around vaccines really driving a recovery for the u.s. economy.

. ♪ emily: i am emily chang.his is "bloomberg technology." i will speak with our guest about the growing appetite for take and plans for expansion. plus, 23 and me reports earnings . fintech front and center. how customers are looking for new ways to manage their money. i will sit down with one ceo about the company outlook and move into crypto. we will get to that soon. first, a recap with kriti gupta in new york. kriti: we ended the week at record highs. the macro outlook is cloudy. this is the growth versus value trade. growth outperforming a little bit. it shows the momentum is down a little bit. that as the curve gets flatter. i want to show you what this looks like on an intraday basis. the s&p 500 and the green, nasdaq underperforming, but 10 year yields down eight basis points. some money going into treasuries. not a lot of money going into big tech. i suspect it is no longer one big trade. you have semiconductors, bitcoin sending these messages. bitcoin was higher on the day, and lower now. semiconductor

from silicon valley and beyond, this is bloomberg technology with emily chang. ♪ emily: i am emily changancisco and this is bloomberg technology. coming up, pellets has investors sweating. pellets on --

innovation, money, and power collide in silicon valley and beyond, this "bloomberg technology" with emily chang. ♪ emily: i am emily chang in san francisco. this is "bloomberg technology." coming up, the newly passed infrastructure built and tighter regulation of cryptocurrency. the ceo of kraken is not happy. he will tell us why. plus, an interview with emilie choi. we will get her reaction and more. get this. three major new camera and video recording features for the next iphone. enough to kick off a super cycle? we will talk about it all. first, let us look at the markets. technology leading the decline. >> absolutely. we saw an outsize reaction to a pop in yields of two basis points, a notable move that signals a lot of people expect 10 year yields to rise tomorrow. you saw this with the tech underperformance. the s&p 500 up, record high. let's look at the yield picture, the technical levels we should be watching. that is where the 200 day moving average comes in handy. yields hovering around that area and potentially breaking out tomorrow with the cpi print. i want to highlight the other

in silicon valley and beyond, this is "bloomberg technology" with emily chang. ♪ emily: this time, twices long. the head of the fcc calls for more clarity on the taxing of cryptocurrency. we will speak to one of the earliest investors in coinbase for his outlook on the regulatory right ahead. and ransomware attack's at an all-time high. but in new technology promises to help customers get their data back without having to pay a cent. john thompson will weighing in on the rapidly evolving cyber threat landscape. all of that in a moment, but first, a volatile day for the markets. kriti gupta, take it away. kriti: it was a bit choppy. markets started off on the risk-off tone, a lot of them digesting that paper talk, at the end of day realizing this has been in the works for a while. this is not exactly new news that is. . where you saw the buy the dip mentality. big tech in the green. you can see that one year chart, this has to do with the mustard gains. today they ended up higher. you saw cyclicals taken undertone. the vix is down on the year but spending the second day above the crucial

. ♪ emily: i am emily chang in san francisco. "bloomberg technology." coming up, a bird, a plane, maybe an air taxi? one company promises a commercial

this is "bloomberg technology" with emily chang. emily: foursquare, and one of the biggest tech deals of the year. square agreeing to buy australia's afterpay in a $29 billion deal. plus, crypto platform fire block, new funding, making unicorn status official. our conversation with the ceo about how crypto volatility is impacting strategy. and mask mandates are slowly creeping back. facebook joining a list of companies requiring employees to mask up. how the return to work process is shifting as we speak. first, a look at the markets with kriti gupta. u.s. equities finishing the day in the red. kriti: it was a risk off day in the markets. s&p 500 index ending in the red. you can see even the nasdaq ending flat on the day. the new york faang index, that is really where all that money went. the yield down four basis points. even with that kind of big tech outperformance, when you see big tech outperform like today, you start to see semiconductors do it as well, actually hitting a record. you can see those semiconductors did hit a recor

innovation, money, and power collide, in silicon valley and beyond, this "bloomberg technology" with emily chang. ♪ emily: i am emily chang in san francisco. in this is "bloomberg technology." coming out in the next hour, a loss the crypto lobbyists. the newly passed infrastructure built and tighter regulation of cryptocurrency. the ceo of kraken is not happy. he will tell us why. plus, an interview with emilie choi. straight off second-quarter earnings. we will get her reaction to the infrastructure bill, volatility, and more. and, picture this. apple's latest iphone line will get three major new camera and video recording features for the . is it enough to kick off a super cycle? we will talk about it all. first, let us look at the markets. technology leading the decline. what did you pull out? kriti: we solve this reaction to a two-basis point pop and yields, unnoticeable move, showing a lot of people expect 10 year yields to rise tomorrow. you saw this with the tech underperformance. the s&p 500 up, closing at record high. eight let's look at the yield picture. these are some of the technica

emily: i am emily chang and this is bloomberg technology.ore than 100,000 new covid cases in the u.s. today. 600,000 around the world. this is the new daily reality. for those who are vaccinated, will we need boosters? the moderna co-founder joins us. plus how long will the migration out of cities and to well everywhere else continue? we are here to talk about the new abnormal in residential and commercial real estate. dropbox has gone virtual, reconfiguring its office space into many studios -- mini studios. they great experiment to reshape the future of work. let's start with those job numbers. it was a victory lap for president biden, as the u.s. labor market charged ahead. the report highlighting a level of optimism, despite concerns about covid-19 continuing to search. >> what is indisputable is this. the biden plan is producing results and moving the country forward read we are the first administration in history to add jobs every single month in our first six months in office. emily: how did markets react? >> a risk on day because of

. >> this is bloomberg technology with emily chang. ♪ emily: i'm emily chang and san francisco.up in the next hour, lyft turns its first ever adjusted profit. a milestone for the rideshare

innovation, money, and power collide, in silicon valley and byond, this is "bloomberg technology" with emily chang. ♪ emily: i am emily chang in san francisco and this is "bloomberg technology." coming up, president biden sits down with the ceos of apple, amazon, alphabet and more to talk about improving cybersecurity. we will bring you the latest on the white house summit. plus, uber, lyft and doordash shares up despite a big blow to their labor. the controversial ruling on prop 22 will be overturned. we are joined for a conversation on everything from direct listings to crypto to robinhood, which he calls more of a casino than a trading up. and hitting the streets in the public markets. we talk with this ceo to talk about expanding into bikes. all that in a moment. first let's get a look at the market with bloomberg's kriti gupta. take it away. kriti: another record high for the s&p 500, 50 record highs for this year, that's the most record highs. this is a crazy year. we have seen the most since 2017. the blue line here is the day the s&p 500 once again hit the blue high. i want to show you wha

innovation, money, and power collide, in silicon valley and beyond, this is "bloomberg technology" with emily chang. ♪ emily: i'm emily chang in san francisco. this is "bloomberg technology." coming up in the next hour, chinese tech giants store as investors try to get in at the bottom of rigell joy scrutiny from both beijing and washington. this as the sec doubles down on disclosures for chinese companies publicly trading in the u.s. what sec chair gary gensler told bloomberg about the future of foreign ipo's. plus, part of that coming from cathie wood. we will hear from her herself about her china strategy and more later this hour. looking to seize the day with blockchain technology dm, formerly known as libra. we will bring you a competition with facebook's david marcus about where the cryptocurrency process stands. but first, equities rising to record highs today. let's take a look with kriti gupta. kriti: green on the screen. it looks like big tech are performed because you see whopping huge gains. if they hold the big tech stocks. but the secret sauce for today for that index in particular is

i am emily chang at bloomberg san francisco.as up here the last few days talking about bitcoin around 47,000. i was talking with investors, looking on twitter. bitcoin to the moon they said. we have dropped back down below 44,000. there does not seem to be that much more of an issue. come with me to my bloomberg terminal. there is asymmetry and dissension between ethereum. there is this outside gain of ether. there was this idea that it would make it more transparent, lower the cost. ether has the crypto market broadly is moving back toward $2 trillion. we had a 55% gain. since july alone, we are back down around those 44,000 numbers. crypto related stocks, all significantly lower on thursday. sometimes i come up here and say obviously bitcoin has fallen. but there has not been that symmetry, that same kind of move that sees that severe impact between these markets. names like coinbase down almost 8%, microstrategy, big bitcoin holdings. that company is down 3.5%. emily: i want to talk about nft is now. the market for nft's is h

this is "bloomberg technology" with emily chang. emily: the power of social media in times of crisis and opportunity. facebook's instagram has been doubling down on fighting misinformation and hate, while trying to rule the next generation of users and content creators with an extra billion dollars in incentives. the instagram ceo will talk to us about the platforms priority and a post-pandemic video driven era. up, up, and away. will the deadly delta variant slow down the summer travel and hospitality boom? the ceo joins us this hour. all that in a moment. i want to look at the markets. what started as a risk off day for with happening in afghanistan. we china economic data, how did it impact the markets ending in the green? kriti: as we go throughout the day, it was a u-turn story for the markets. it looks like a risk on day. s&p 500 and the green. tech underperforming. people went for the risk on trade. look at bitcoin, flat with negative during the session. it shows the risk sentiment indicator was not as strong as the surface le

in silicon valley and beyond, this is bloomberg technology with emily chang. emily: this time, twice as long. the head of the fcc calls for more clarity on the taxing of cryptocurrency. we speak to one of the earliest investors for his outlook on the regulatory right ahead. and ransomware attack set an all-time high with new technology provinces helping customers get their data back without having to pay a cent. a microsoft board member will weigh in on the rapidly evolving cyber threat landscape. we'll get to all of that in a moment, but first, a volatile base in the markets. >> it was a little bit choppy because we started to have markets start off on a risk off tone. at the end, they realized that this has been in the works for a while. it isn't exactly new news. the s&p 500 ended in the green. big tech in the green as well. you see the one-year charts having to do with monster gains today. today in particular, you ended up with cyclicals taking a little bit of an undertone. this will be a really crucial piece. the technical signal tells you when the time to

innovation, money and power collide, from silicon valley and beyond, this is "bloomberg technology" with emily chang. emily: i'm emily chang in san francisco. this is bloomberg technology. the delta variant delaying the return of workers to officers -- offices and drivers to ride-hailer's. i will speak to the ceo of uber and lyft. novavax strikes a deal to deliver 200 million covid-19 vaccines to the eu but there is a major catch. it is not officially approved in europe or the u.s.. novavax's ceo joins us in an exclusive interview. robinhood's rocky road. shares sank after a wild rally with multiple investors filing to sell. i talked to one analyst who has a $45 price target and says, quote, you don't yolo this stock. first, we have a look at the markets. robinhood aside, despite more bad news about the delta variant, we saw gains coming into the jobs report we are expecting friday. >> a risk on day in the markets, whether you are looking at stocks or bonds. the s&p 500 closing up 0.6% of the nasdaq higher, tech outperformance but not by a huge margin. not a huge margin about performance and even yi

. ♪ emily: i'm emily chang in san francisco.is "bloomberg technology." coming up in the next hour, chinese tech giants store as investors try to get in at the bottom of rigell joy scrutiny from both beijing and washington.

guy: the new ceeo instacart speaking to emily chang earlier on.lans to go public with the arrival that more than half of the company's leadership roles will be held by women. coming up, adam posen joining us. he was the man having the conversation with richard clarida about the comments that move the market so much. adam will join us next. this is bloomberg. ♪ >> as always, there are risks to any outlook, and i believe the risks to my outlook are to the upside. alix: that was richard clarida, fit vice chair speaking to adam posen. adam posen joins us now. adam, this moved the market. you had 112 basis points on the 10 year. richard clarida comes in trying to walk back jay powell's dovishness. what was your biggest take away from the conversation? adam: i think the vice chair data bunch of points that were market moving, including his clarity about what his forecast would be in that that would lead to taper at the end of this calendar year in rate hikes at the end of next year. whose remarks on my question about long rates were what market moving.

innovation, money, and power collide in silicon valley and beyond, this is "bloomberg technology" with emily chang. emily: apple ramps up testing for its employees amid the rapid spread of covid-19. testing twice a week and even three times a week in some offices instead of just once. it's the latest company to tighten restrictions as delta continues to take its toll. plus, gamers are finding new ways to make money this summer thanks to nft's. a far cry from mowing lawns. seven seven six founder, alexis ohanian, will talk about the new blockchain based gaming boom. and the push for more environmentally friendly bitcoin. a satellite network that will control many mining operations around the world -- unused hydro and solar power. the ceo of block stream is with us. we'll get to all of that in moment but first let's have a look at markets. investors reacting to comments from jay powell about the pandemic having longer-lasting economic effects. what did you see today? kriti: growth concerns dominate the markets -- whether it was retail sales coming in short or corporate earnings, you are seeing a ris

i am emily chang in san francisco. have a wonderful weekend, everyone.. ♪ david: which way is up? as the fed talks tapering, this is "wall street week." i am david westin. this week, special contributor larry summers of harvard on the biggest risk facing investors today. larry: i have learned that more often what gets you is what you are not worried about than what you were worried about. david: and john rogers on why slow and steady wins the race.

innovation, money, and power collide, in silicon valley and byond, this is "bloomberg technology" with emily chang. emily: president biden sits down with the ceo's of apple, amazon, alphabet, microsoft, and more, to talk about improving cybersecurity after a spike in attacks over the last years. we will bring you the latest. plus, uber, lyft, and doordash are all up, despite a big blow. the controversial ruling on prop 22 will be overturned. joining before and extended conversation, which he calls more of a casino than a trading app. bird scooters hitting the streets and the public markets. our conversation with their ceo to talk about expanding into bikes. first, let's get a look at the markets with kriti gupta. kriti: yet another record high for the s&p 500. that makes 50 record highs so far this year. i keep saying record highs to make sure our nerves -- our audience understands this is a crazy year. this chart is showing, every blue line is a day the s&p 500 once again hit a new high. i want to show you what it did intraday today. it really only drifted marginally higher. no major movement. te

innovation, money and power collide, in silicon valley and beyond, this is bloomberg technology with emily chang. emily: we will tell you what to expect in the much-anticipated legal showdown in one of silicon valley's notorious candles. we'll get all of that in a moment. to get a look at the markets. teca leading the -- tech leading the charge today. dark a defensive tone in the markets. the new york faang index up 1.6 percent. helping the s&p 500 and the nasdaq close at another record. the 53 record closes for the s&p 500. what did not do well is the small-cap index. the russell 2000 in the red. let's take a broader look at the chart here. this is a little bit of a different story. small caps outperforming year-to-date. the nasdaq 100 leading the way. today was no different. let's look at some of the other tech subsectors. it was a tech friendly trade. semi conductors in the green. the nasdaq biotech ending in the red. that is the macro picture. >> i am looking at the biggest points movers on the nasdaq 100. moderna down 3% after a report from japan that country is investigating the vaccine af

>> this is "bloomberg technology ," with emily chang. [no audio] emily: i will speak to the ceo of uber and a representative at left to talk about -- lyft to talk about the dragging on pandemic. novavax, a major catch, the new vaccine isn't officially approved. their ceo joins us in an exclusive interview. the rocky road or robinhood after a wild rally and multiple investors filing to sell. one analyst has a revived dollar ice target and says that you don't yolo this stock. first we have a look at the markets. despite bad news about the delta variant, we had gains coming in from the jobs were at a. what did you see? >> stocks or bonds, it showed up in the market, 0.6% with the nasdaq higher. not by a huge margin, 0.8%, and even yields were higher on the day with a bit of money coming out of treasuries. it seemed like a risk on day, positioned ahead of the jobs report you sawtek out performance showing a bit of a cautious tone. other subsectors of tech, talking about it coin, they were extremely high with the semi conductor index and biote

this is "bloomberg technology" with emily chang. emily: coming up our, shares of zoom plunge almost 17%. it has been a lifeline for workers, students, friends, family during the pandemic. with workplaces and schools reopening, what will zoom's new normal be? the return to work not happening for everyone just yet. alphabet added to the list of massive companies pushing that back to 2022. so many changing plans as the kent varient takes its toll. we will bring you the latest update. wildfires continue to rage across the pacific northwest. the caldor fire approaching california's lake tahoe. how firefighters are using ai and machine learning to fight these fires faster than ever before. let's bring in ed ludlow. ed: the market is really taking a pause after that news from the federal reserve on friday. the s&p 500 down about a 10th of a percent. evaluations of course, the s&p 500 index at the highest level since 2000. the process is what happens to those tech stocks as the federal reserve unwind. an area of outperformance, the nasdaq go

innovation, money, and power collide, in silicon valley and byond, this is "bloomberg technology" with emily chang i am emily chang in san francisco and this is "bloomberg technology." coming up, president biden sits down with the ceos of apple, amazon, alphabet and more

from the heart of where innovation, power and money collide, this is "bloomberg technology" with emily chang

this is "bloomberg technology" with emily chang. rsquare, and one of the biggest tech deals of the year. square agreeing to buy australia's

innovation, money, and power collide, in silicon valley and beyond, this "bloomberg technology" with emily changily chang in san francisco. in this is "bloomberg technology." coming out in the next hour, a loss the crypto lobbyists. the newly passed infrastructure built and tighter regulation of cryptocurrency. the ceo of kraken is not happy. he will tell us why.

. ♪ emily: i am emily chang in san francisco.logy." coming up, a bird, a plane, maybe an air taxi? one company promises a commercial fleet by 2024, hitting the public market via spac. we will bring you that conversation with reid hoffman.

emily: i'm emily chang in san francisco. this is bloomberg technology.ta variant delaying the return of workers to officers -- offices and drivers to ride-hailer's. i will speak

in silicon valley and beyond, this is bloomberg technology with emily chang.

emily: i'm emily chang in san francisco and this is bloomberg technology.moving closer to passing the $550 billion infrastructure plan. but crypto

and this is bloomberg technology with emily chang. emily: i'm emily chang and san francisco.

innovation, money, and power collide in silicon valley and beyond, this "bloomberg technology" with emily chang

i'm emily chang in san francisco. that is all for now.s is bloomberg. ♪ ♪ >> good morning and welcome to "daybreak: australia." i am paul allen in sydney. >> i am sophie kamaruddin in hong kong and we are counting down to asia's market open. beau: the top stories this hour, explosions in kabul killed 12 u.s. service members and at least 60 africans. es