emily: and ludlow -- ed ludlow, thank you. i want to bring in john zimmer, president of lyft.hat changed this quarter? it seems. . you shifted into john: shifted into a new gear -- shifted into a new gear. john: we made adjustments. also, business conditions are improving us. drivers are doing well. they get $37 on average per hour, and we are much more on balance. year over year, our eta's, which is a great level of nervous levels, -- a great level of service levels, came down. emily: jobs numbers today were a surprise. how concerned are you about? the macro environment? with inflation, you have high gas prices and a recession looming john:. john:-- recession looming. john: we are watching it closely. when you have more people looking for flexible work with good earnings as we are seeing now, it does help us on the drivers side of the equation and riders are coming back because we are coming off the pandemic that hurt our business. there is a lot of headroom, and the driver's side of the equation improving is nice. emily: i spoke to your competition this week, the uber ceo wh

ed ludlow.ou are moving the market. tesla and ford shares are fading. walk us through the implications for the supply chain. ed: we reported they are considering sites in mexico and the u.s. for quite some time. according to sources they were negotiating incentives and do to make a decision. because of the visit sources tell us they decided to push this back to september or october. they just don't want to stoke geopolitical tensions between the u.s. and china in going ahead and announcing a north american investment at this time. catl is the world's biggest maker of batteries for ev's. it's critical for tesla. i guess that as we see the market reaction. sources make it clear the plan is to invest in north america as much as $5 billion in at least one if not more sites. they are making a decision here based on the news of the last 24 hours. jon: having to be cautious based on the views and china, -- in china and being mindful on legislatio in washington. walk us through what happens in terms of

ed ludlow has been all over this story. your reaction to this?he idea of strategy but there is reality. strategy under the new ceo was to shift on services, subscriptions, classes and away from reliance on hardware. the reality is they were confronted by fixed costs. the quote is that cash is oxygen and oxygen is life. they are looking how to run the company. the basics are cutting 800 jobs from the 3000 jobs, cut in february. raising prices again on the bike class, you turn from a price cut in april. our real shift to outsourcing third parties. customer support jobs will get cut. when unique customer support, they will outsource that to a third party. when i had mine delivered, the nice chap turned up and installed it. all that is gone. they will complete the outsource the delivery and installment of the bikes to third parties they were working with. cost-cutting, belt tightening and looking at the operating costs for the company. jon: continuing some things we were seeing signs of. it's been a busy week. we have talked about pricing and disney

ed ludlow is here with all the details. ed: certainly the center of my concern -- micron the latest chipmaker to give a signal of rapidly falling demand. stocks down 4.6%, the biggest drop since june. wider ramifications of the equity markets. pulling down the nasdaq 100, micron down 3.7%. look at the philadelphia semiconductor index and nasdaq 100 side-by-side. coming off our june and july lows, things have really changed. nvidia, micron, intel all adding to the same picture -- demand for the devices these chips are going into has dropped off and now the key inflation trend, the u.s. cpi for july, we are starting to talk about recession fears which has clearly spooked the market this tuesday. earnings season does continue in earnest. second quarter sales missing estimates, a big drop in assets on the platform but signs that user base is sitting on the sideline and still engaged. emily: ed ludlow, thank you. we want to stick with coinbase and bring in sonali basak. i miss on revenue, a miss on earnings, they narrowed their

bloomberg's ed ludlow will tell us.loomberg. ♪ >> apple is delaying its next major ipad software rate, ipad os 16, a about a month, from september to october. apple made the decision for a number of reasons, including is still buggy stage manager multitasking interface that is still buggy and in order to link the launch closer to ventura. still, it is an unusual move since shifting the lunches to the fall in 2011, apple has released its new software updates simultaneously each year around september. by scattering the releases, users may find some issues around compatibility with cross-device futures like retracting and editing messages in a message, the new photo library, and the new feature for transferring facetime calls between iphones and ipads. it will also make it harder for developers to launch apps that run on both the ipad and iphone that require new api's and features. regardless, it was still the right move. the stage manager is still quite buggy. i don't find it particularly intuitive, and it is not compatib

ed ludlow, thank you for that update.g up, a debate on the best way to regulate big tech, and why. we are going to go even deeper. adam kovacevich of the chamber of progress we joining us along with charlotte slaiman of public knowledge. we will have all sides of this issue covered. that is next. this is bloomberg. ♪ (annoenough with the calorie counting, carb cutting, diet fatigue, and stress. just taking one golo release capsule with three balanced meals a day has been clinically proven to repair metabolism, optimize insulin levels, and balance the hormones that make weight loss easy. release works with your body, not against it, so you can put dieting behind you and go live your life. head to golo.com now to join the over 2 million people who have found the right way to lose weight and get healthier with golo. >> i think simply because you have been successful in a few different businesses does not somehow mean that you have natural market power. it just means you have been successful in a couple different experiences.

ed ludlow, thank you for that update.g up, a debate on the best way to regulate big tech, and why. we are going to go even deeper. adam kovacevich of the chamber of progress will be joining us along with charlotte slaiman of public knowledge. we will have all sides of this issue covered. that is next. this is bloomberg. ♪ quex simply because you've been successful in a few different businesses doesn't somehow mean you have a natural market power, it just means you been successful. >> i look at the opportunity and the skills people are learning through youtube. i feel it everywhere when i go talk to people and creating access to information and knowledge i think we will end up being on the right side of history. >> i don't think big by itself is bad, but competition is good in every business. in particular businesses that are large and have high scale, the unintended consequences of your scale cannot be dealt after the fact, they need to be dealt while you are scaling. >> privacy regulation is important in areas like ai re

ed ludlow helped rake the story. what do we know about this decision?rces say they work considering siding there next plant in the united states. there were agreeing incentives and they were choosing their preferred site. given the geopolitical tension between the united states and china, due to speaker pelosi's visit, they should push it back to september or october. emily: so they are not saying it's not going to happen, just the announcement. ed: there is a commitment to do this. they are a big supplier to tesla. they have an agreement to supply for the future. ford and tesla were key to those talks but it is too hot right now. they are trying to think about potential incentives from the federal government in the united states. they just don't want to get caught up in this. emily: how strategically important is this company to tesla or ford? ed: the reality is they are a chinese company. it's the crown jewel in china's ev industry. it's the biggest maker of ev battery cells. but the whole issue is there's not enough supply. we need more battery cells

i want to bring in ed ludlow, bad news from walmart after the bell. ed: earnings were good when i first came in, looking at the screen now, a lot of red. strong quarters, strong outlooks, back to pre-pandemic levels, the stock down 4% though , something spooking investors. saying they will only build between 6000 and 7000 vehicles, we started this year at 20,000 vehicles with supply chains for the ev maker, half of a strong quarter with a strong outlooks showing a strong strategy of higher rent for collectibles is paying off. breaking news the market close, walmart laying off hundreds of corporate jobs but what's interesting is this idea that they invest e-commerce, something i reported a while ago, serving he curled -- e-commerce and curbside pickup. the nasdaq 100 having its best day since may 4, hence my official star wars tie. strong performance in the semi conductor sector with little fluctuation in yields. four basis points. it's been a weird week and a weird time in recent weeks. looking at the nasdaq 100 and how it has traded over the last 10

ed ludlow here with the big moves. >> uscp i, a .5% gain in july there. the estimate was 8.7%. decelerating inflation. cooler than expected inflation. outperforming the s&p 500. the broader index. it is worth noting the technology and information and communication sectors on the s&p 500 were among the best-performing. they have dropped by the most since june. on tuesday, a narrative around changing demand for electronics. they got the regulatory findings wednesday night. if the judge were to enforce it, he had the cash on hand. that seemed supportive for both. tech was up more broadly. the big breaking news aftermarket in earnings season is disney. so fascinating because it was kind of a mixed basket of results. the main takeaway, the company adding more. we got a .5% inflation in the month of july. you got disney raising prices. they are liking something. >> i want to dig into the disney results. a mixed bag, adding 14.5 million. the bulk of those came from india, others from other countries. >> i don't look at it as a mixed bag at all. it is blowout results. you are looking a

so it will a couple of look with, oh my, what is of you with martha north ludlow. much a both shirts on work on what it does actually shows just get a cost but, but don't despite it personally because i seen that booklet, but it brought out a spot ah look forward to talking to you all that technology should work for people, a robot must obey the orders given by human beings, except where such order to conflict with the 1st law show your identification. we should be very careful about artificial intelligence. and the point obviously is to great truck rather than fear i would like to take on various jobs with artificial intelligence. real somebody with a robot, most protective phone existence with a, [000:00:00;00] with that, what is your place really? where did you come? are you and your little guardianship? didn't their school to college? and i to radiate somebody doing that, you know, going with orders, debra or to move you up with our courses, but he's only music. i'm just public school. yeah. and you just need to talk with you quickly, i'm sorry i wasn't a move, which is like with

so it will only cover or look with a what is of you are still ashley turoto, martha north ludlow, much personable knows that you're on a bus more than like on a board. both shirts on work on what it does actually the shows just get a cost but up a dollar a booklet, but it brought out a spot. ah no nation. no nation has ever done anything like it in all the history with a new thought at home. you, i mean, you play a, do you live muscles? if you look on the initial, be one of to get a, what i see the student bus is the little gear. lation says decent it on both a with the what is shown really will come are you and your little guardianship dylan. if there's $40.00 a night or somebody doing that, you know, we're going more than it was closed. i looked at your don't pursue orders. debra or to move you up with our courses, but he's only mostly but i'm just public school. yeah. you just need to talk to you quickly. i'm sorry that was on a move, which is now with just a kid there. the disagreement with alice o'brien with him isn't going through, but i didn't buy my new place, then it was a ven

emily: all right, ed ludlow. i want to dig into disney's results more. i have a long time disney shareholder on. mixed bag, adding 14.5 million new subscribers to disney+. the bulk of those can from india and others from other countries, and 100,000 new subscribers in the u.s. and canada. what is your take? >> i don't look at it as a mixed bag at all. i look at it as blowout results. you look at netflix struggling to add subscribers and tremendous competition in the streaming business and disney still growing tremendously. not only disney+, but hulu as well and espn+. when you look at the streaming business, although it is losing a lot of money, the future looks very bright. disney was a great company before streaming. what is exciting about the earnings report is that the parks are back with over $2 billion of profits and $500 million of it from consumer products. the operating results of the the company have improved dramatically. emily: sort of a broad-based recovery we are seeing. we have been listening to bob chapek, the ceo, on their earnings call.

north ludlow. much worse, a little more. they don't bus more, they're gonna, we're both shirts or more come with us. bunch of the shows, just getting rid of credit or a hold on him was on the credit and if guarantor possible. but donna drew, spite of personal, come with it that she left booklet, but it brought out a brick spot. ah ah, in needs to come to russian state to never. i stayed as i'm turning those landscape. diva jimenez, english. awesome. and i think within the 55 when. okay, so mine is 2000 speedy. one else with we will van in the european union the kremlin. yup. machines. the state aren't russia today and split our t spoke neck. even our video agency, roughly all band on youtube and pinterest and with a with a, with what is wrong with you and your little guardianship dylan is $40.00 a night with somebody going that you know, we're going more than a that you don't pursue orders. debra or to move you up with our courses, but he's only was a good i'm just public school. yeah. and you just need to talk with you quic

help a couple of them look with no oh, what is of you are still asleep today or tomorrow, but nobody ludlow much personable knows that you're on bus more than like on a board books, shirts on work on what does this does i to the shows just get a hold of me. listen, i didn't if got a dollar cost by level dollar do despite a personal come what does she like? oh good. but it brought out a spot ah ah ah, with ah, today i'm authorized to additional strong sanction. foreign companies quitting russia, numbers on to one. thank you. las glycine. so atm cards will blantan banks disconnected from the international payment system. so she'll move happy. jermel lewis donna and euro exchange rates followed minneapolis sellable up our nickel the more so so carbon would know what the committee met, that he woke up the pilgrim this plan is to provide can you say whether or not? so c, m a, j, i look a little much volume and russian business overcome this song. see, near rab bought italy nasty to huddle. she's tremendously just me don't plus voice bullshit, nasha productive notches, steel, not a miracle. what

we can get to the man who knows about these, ed ludlow.t not wanting to create undue stress on the share price. did that give us any inkling of where his mind is at on the twitter deal? ed: yeah. there has been a few things. his thinking, according to the tweet, to avoid the scenarios you outlined, one is that he did not want to fire with tesla stock in case the judge forces him to go through with the deal. and the second stipulation that he is hedging against the equity financing partners he lined up walking away. there is speculation in the market the timing is interesting. these regulatory filings show the stock was sold august 5 prior to the cpi print. maybe there is an element of preparation for market volatility. jon: i alluded to this earlier, but dana hull does excellent reporting for the team. put out a story looking at the big things tesla related that are on the agenda right now. clearly, as a major investor in the company and with much of his time still a tesla, some would say he is committed. there is a long list of to do's. e

i cannot get to september this year, ludlow next year. coming up, the auction block. borrowers racing to the market ahead of a holiday. from new york, this is bloomberg. ♪ jonathan: live from city, i am jonathan ferro, this is "bloomberg real yield." it is time for the auction block where we kick things off in europe. the busiest week since late june. monthly volume of about 100 billion. some life into the junk bond market. sticking with credit, a recent rally in high-yield. >> we are in the camp that you are supposed to really take some chips off the table. credit quality has been sound. we have just started to see the first sign of some downgrades in the high-yield market in some very specific sectors of cruise lines. credit quality is good, companies are flush with cash. they have done a good job managing liquidity and bottom lines. there may not be fully compensated investors. jonathan: back with us, meghan swiber, luke hickmore, troy gayeski. 500-something basis points only a month ago, all the way down to close to 400. what do you make of that? luke: exuberance

ed ludlow is also getting married, i bet he is using pinterest quite a bit. >> pinterest is interestingwe have seen deceleration in topline growth and a worsening. the big difference with pinterest is that they make less money per user than their peers. there is a gap in that. the topline growth, 8.5%. we want to know what the outlook is in the second half of the year. kriti: they are undergoing new management as well. >> a new ceo, a former google executive. he will give it to video and they want to see how that change in execution can help get this company back on track. i think that there is a lot of excitement on the street from that. elliott and management has taken a stake and they are holding talks with the management of pinterest. it will be interesting if that comes up as a question and what the end goal is. kriti: that is something we are watching. that has been in more insight and bring in alex, the founder of crossman plus, a digital ad creation platform that is partnered with google, meta, and talk. he buys some of the largest investments in the tech space. it walk us throu

ed ludlow covers electric cars and joins us now.a year where there has been so much focus on the white house on getting more access to oil around the world, this is a reminder of the longer-term story of renewable sources and certainly the electric vehicle market. ed: the white house did have a hand in getting this over the line, taking a year of negotiation and a lot of concessions from where we started on the bill. it is interesting you see the biggest points mover on the nasdaq 100 and the market in electric vehicles and many other names also higher pair the automakers got what they wanted, a tax credit for both used and new vehicles that they hope will be a demand boost for electric vehicles across not just higher earnings but lower middle income earners as well. caroline: are we expecting the more luxurious ones to be subsidized? ed: the gap is 55,000 u.s. dollars on cars and $80,000 for suv's. i just went on tesla's website and the base model rear wheel drive model three is just below that $55,000 mark. it is around $46,000. t

and bloomberg's ed ludlow here with the latest. we started the week with a whimper. ed: a lot of red on the screen. the s&p 500 the main gauge of equities down .1%. we have been higher as much as 1%. information technology, the biggest dragger, nasdaq town for the second straight section. semi conductors, you're right, poor earnings from nvidia dragging down the philadelphia semiconductor index. stop down 1.6%. interesting though, there are always bright spots, pockets of opportunities and the biotech index is up. a lot of m&a, which has been helping. we lost momentum, three straight weeks of gains, then to back to back down sessions. almost 1% higher from our june 16 low and we are all looking for that psychological breakthrough that this was the bottom. we are seeking confirmation. earnings so important and of course, later in the week, we get inflation data in the u.s. for the month of july, which will inform our thinking about the direction of travel and strength for the federal reserve's action when it comes to raising rates to combat high inflation. interesting

ed ludlow back with the movers.t moved as you would expect them to. $274 billion of energy and climate spending. you look at names like tesla around 5%, closing up 8/10 of 5%. legacy names like gm and ford. it ends the manufacturing on the tax credit, which is something we expected. it had been negotiated and that scene is the tailwind for demand. there are price limits. anything over $55,000 for an easy car or sedan is not eligible and anything over $80,000 for a pickup or suv is not eligible. this is what we have been waiting for, the government to give this industry a bit of a push getting going. not done much for stocks so far. you look at the performance of tesla versus legacy names like gm and ordered your today. they are still under pressure and we are still seeing stiff declines. on this side of the screen, you see ford in particular closing the share gap on tesla in terms of year-to-date performance because they are ramping up activity and again, with governments, there is hope that they will see more. it w

. >> the youngest person to fly around the globe alone is travis travis ludlow. he did the trip last year at the age of 18. >> i'm afraid of my kids getting getting driver's licenses, much less sending them up in the sky. sky. > >> the giants will be honoring former outfielder hunter pence.t to join the wall of fame outside outside the ballpark. he'll be joining other giants legends suh as jason schmidt and barry bond. hunter pence's plaque will be you can veiled on september 17th. >> that was a good year in san francisco. i was here for that.r they won in 2012, it was just mayhem. >> he always had a lot of fun too. that will be a fun mont > >> the a's are at home. the giants are not this evening. the in san diego. the weather is looking fine for the next several days. low cloud cover and fog spreading across the bay. comfortable temperatures again tomorrow. after that, we begin to climb a little bit. wel talk about normal levels of august heat as we head toward the end of the workweek and into into the weekend. no excessive heat in store for us in the duration o

ed ludlow with everything on tesla. we are watching for major asian markets to open.will see if we see a reaction from alibaba's earnings, they were better. let's bring in annabelle. it was not too bad, given how bad we thought it could be for this tech giant. >> a low baseline is also helping the reaction here today, but you would have to say this push to cause corrective pain in dividends. taking a look at top line, we sought revenue coming in it $30.4 billion in the three months ending in june. it was the first ever decline on a quarterly basis, but we still saw a slight increase on expectations, a son of the impact china was rediscovered zero policies are having particularly on consumers. you also have looming fears on detect crackdown and the u.s. as added alibaba to a list of companies facing expulsion from exchanges. overall the result in revenue is being seen as a positive from the e-commerce position. the other we are watching is [indiscernible] and key strategies for alibaba because china does like the west and other nations in spending in this area. in term

let's bring in ed ludlow. it wasn't long ago that they did this, only two years ago.ignificant is this? ed: significant but not a surprise that the resolution was approved. we are up modestly. this stock split which is a 3-to-1 stock split brings it to $300 per share. it was first tweeted in march. when this meeting was confirmed and scheduled a month ago, we knew it was coming. a lot of people thought it was unlikely that it would not go through. the thing that's missing for investors watching this is we don't know more details about the date that it becomes effective. you're right, we have seen this before. there was 5-1 stock split in august 2020. tesla has a massive retail investor based. >> talking about intentionally adding a new factory. hitting new highs when it comes to production and output of cars. how rosy is the outlook? >> this is pretty vintage elon musk you are seeing on the screen. he is giving a bullish outlook. he is talking about how painful the road to profitability was. you saw the chart where you had the spiky column in 2020 when tesla got profi

ed ludlow joins us for more on this. what were they planning to do? what are they holding back on? was in the advanced state is to find a site in the u.s. or mexico to provide u.s. manufacturers of ev's. what sources tell us is they didn't want to get in the middle of this geopolitical tension between the united states and china. this is not them canceling the project, this is them delaying the project. they are basically saying stay out of the way. it is already a key supplier for tesla. there are a lot of makers who want to see them come to the u.s. or north america to localize the supply of cells because there is not enough supply of battery cells to go around too much the ambitions of all of the countries who want -- companies who want to build ev's. heidi: where do we see an ability to be able to break the situation and given as you say, the supply and demand situation requires a different outlook? >> the sources underscore that this is still the plan. catl is eyeing a $5 billion investment in more than one site. there are a lot of pros and cons to choosing a site in the u.s.

ed ludlow is here with the latest numbers crossing after. ed: doordash and lyft, beating on the top and bottom lines and in the face of inflation, consumers are still getting take out and it's a good sign for a company like doordash. the company likes what it sees, paring their post-market gains around 22%. lyft with record profit, ridership up strongly. experiencing the same things huber did earlier in the week that the difference being that lyft has done comprehensive cost-cutting that appears to have paid off. you wonder about the broader economic ramifications it will have on the psychology of the market. frankly, thursday was a boring day. the nasdaq 100 was up, not really pulling in either direction. the yields have been all over the place for five days. the market is super focused on earnings right now and it is really interesting how zero in we are -- zeroed in we are. the nasdaq, coming higher into the bond market for the first time, a debut with $10 billion in notes, a really interesting move. apple made a similar move not for the

for more on that, let's bring in ed ludlow. want to get to the booking story in a minute.the biggest movers on the day, airbnb was over 2%, over 4% in the session. what gives? >> expectations were very high. they think bookings growth will be around 25%, which is fantastic. but it was similar to what we got this and let -- second quarter. it is interesting because there are two schools of thought. many think that 2022 was an interesting year because airbnb set records and surpassed what we saw. but at the same time, you have rising case counts with covid in various parts of the world and there is also the macro headwinds that we are looking for. there is a question about demand and as it relates, it is not just a slowdown from consumers feeling inflation but about the growth narrative. will they grow at this dramatic rate when the world normalizes to pre-pandemic levels? >> i'm so glad you brought that up because as we checked in with you during earnings season and during the story of paypal, there are juggernauts that have struggled but so many of them are still suited to

you it's gonna some clinical this would hear somebody this timber is that comes from the audio far ludlow the viet, our timber from 4 companies. i had the key mice here comes from the all to bring lou plantation brought all to build better. you silly. where is that? they sent you the baggage. take the highway from each i tuba for 18 kilometer on. i yet turn off the thin and had straight down the road to live without weather is about 40 kilometers yet. it's about 28 to the other plantation. he tried to get up there. not far. i have, like i said, the launch of this timber was delivered yesterday about a invoice hasn't been booked yet on the left on my desk. okay. it's a shift to bow who'd his his might, i could chatty out of the other one is got a piano. got a better, that's got a piano to the us has yet to bond. so is that again, we only deal in quality timber thing, but simply mcgee and you had documents in case he were inspected. now they are not out of san lots. of course, you know, i have invoices receipt z. assume at all by the way. no one would buy timber from me if i sent it to be l

and this would hear somebody like this timber is that comes from the audio far ludlow the viet our timber from for come place. i had the key as here comes from the all to bring lou plantation, the brought all the bill to pass. you silly? where's that bare sent you the back. you take the highway from each i tuba for 18 kilometer long. i yet turn off the thin and had straight down the root. le without weather is about 40 kilometers yet is about 28 to the other. plenty shop he's right on there. not far i have like i said, the launch of this timber was delivered yesterday. another invoice hasn't been booked yet on the left, on my desk. okay. it's a shift to bow who'd this is, might i could she already had it? the other one is got a piano. uh huh. got a better. that's got a piano to the us has yet to bond. so is that again, we only deal in quality timber thing, but simply mcgee and you have documents in case you're infected. now they're not out of sasha. unless of course, you know, i have invoices receipts z. assume it all by the book go. no one would buy timber from me if i sent it to be lem

ed ludlow is joining us now. what is the macro signal that we are getting from micron?it broader than we had hoped. it is blow-by-blow revealed. nvidia talks about slowing demand or the chips that go into the pc. they go into a much broader range of products, including data centers as well. that is the concern about how quickly it dropped. >> the supply flies still cyclical? >> historically, it is boom and bust. there would be a reaction. a big ramp-up in production in the long-term but there is still evidence from the automakers that there are specific types of chips in short supply, but those have very specific applications. translating the press of a button into a signal in your car. there are pockets within the chip sector. but we have quickly changed the narrative. they are now returning to the narrative that we are in a boom and bust cycle. >> this is an industry that is about management. a lot of people have been hoarding inventory. is this a natural unwind, back to natural levels? >> yes. there were signs in the previous quarters that there were inventory buildu

. ♪ ed: i am ed ludlow in san francisco come in for emily chang.h the s&p 500 and nasdaq 100 posting the longest streak of weekly gains since november. but earnings have shown a mixed outlook for the rest of the year. is the tech rally going to last? will home depot target lowe's? next week is big for earnings reports. new data suggest we are turning a corner when it comes to e-commerce. and competition for electric semitrucks heating up after the senate passes and initiative to boost the transition to clean energy right now, pretty much tesla versus nica, but tax incentives could bring in more players. first, the federal bureau of investigation seized classified records marked top-secret from former president donald trump's mar-a-lago home, according to a copy of the warrant seen by bloomberg. our managing editor for bloomberg news in washington, wendy, thanks for joining us. let's stick to the basics. what did we learn from the unsealed documents? wendy: not as much as one would hope. we did learn they got about two zone did -- about two dozen bo

speak november the western empty glass ludlow matchup stoney. or you said earlier, willis stone, if you will, free financing store, put new, or would it or about the to city of the most in put a monthly matter the renew. yeah. everybody, but he's again, but i see you soon for a grow vote or lose in the final weeks, yelton's campaign was more like a constant barrage. the slogan was adopted by pro yeltsin popstars. a music road shy was organized to mobilize the young, a direct imitation of clinton's, choose all his campaign in 1992. no voucher cast vladimir donations mission enough got zanna gretsch, nova ross is a list of attend sky ra, stuff. oh, oh, the wide world might have scuffed at such images, but a week before the election, the obvious message was that yeltsin was alive and kicking a proposal to chicago. it was so embarrassing to vote. can you imagine a monarch or president dancing? i was shocked yet a quote i said to tatiana, oh, you're killing your father. there's not much left of them anyway. don't you do the talk so seamless despite c

but at the more address, she thought no speak no over the western empty glass ludlow matchup stony or you said earlier or less stone, if you will, free financing stop with new or would it or about the to serious the most in put them on the matter of the luna robbery, but he began but i see you will soon for a grow vote or lose in the final weeks yelton's campaign was more like a constant barrage. the slogan was adopted by pro yeltsin pop stars and music roach. i was organized to mobilize the young, a direct imitation of clinton's, choose all his campaign in 1992. no voucher cast vladimir ordination mission enough, got zanna gretsch navarro says ellis of a tin sky ra stuff. oh i why the world might have scoffed at such images. but a week before the election, the obvious message was that yeltsin was alive and kicking pezora shipper hor, it was too embarrassing to vote. can you imagine a monarch or president dancing? i was shocked at the court. i said to tatiana, oh, you're killing your father too. there's not much left of him anyway. don't you do to talk so sim of this might cause you c

belonged british travis ludlow, he set a record of 18 years.young traveler became the youngest person to circumnavigate the world in an ultralight aircraft, this title. he took the reser from his sister. ford i 'm trying to show these travelers that young people can make a difference in the world, even if you're under 18 you don't have to be of legal age to do something special. just follow your dreams and in the end. they will come true regardless of your age during a round-the-world trip to the pilot. i had to fight for elements in the sky and bureaucracy on earth due to delays in permits, the magician changed the route twice. he flew over europe africa in the middle east of south asia and north america and traveled. in three dozen countries, the most difficult was a ten-hour flight in bad weather across the pacific ocean from japan to the uninhabited island of atom in alaska, sudan, and the system of solar panels failed due to the heat, the sun melted the glues that held them together, and in india, the pilot was waiting for rain. they were

ed ludlow joins us from san francisco. walk us to the numbers. which one should we be focusing on?t is hard to say. the stock bounced around. we are of 3% now, the highest level since april. the street takes a positive view on the idea that rivian is operating in a really difficult environment. this was the first meaningful quarter of revenue for this company. they did beat on the top line. the thing is they are very transparent about the reality. materials inflation, raw materials inflation, and they will have a much bigger than expected loss this year. i think the part goes -- cap x part is understated. they are in the process of doing layoffs. we are happy with the transparency and also there be a find guidance for 25,000 vehicles delivered this year. alix: what is the level of confidence they can deliver their production targets? the supply constraints in the ev market, it does not feel like it will solve itself anytime soon. ed:r's issue --rivian's issues -- it's a fascinating case study. they have $15.5 billion on their balance sheet. it's a relative minnow. when you are nego

haidi: bloomberg's ed ludlow there with more on apple.omberg. ♪ shery: you are one "daybreak: asia."

. ♪♪ [music break] amy: "ludlow massacre" by woody guthrie.militia got call strikers. howard zinn said hearing the song was a defining moment for him and made him to research and tell stories left out of most history books. this is democracy now!, democracynow.org, the war and peace report. i'm amy goodman. as we continue with our zinn-tennial. remembering the legendary historian howard zinn on what would have been his 100th birthday. on october 21, 2001, howard zinn gave a major address at the university of vermont, burlington. this was just over a month after the 9/11 attacks and two weeks after the u.s. invaded afghanistan beginning what became the longest war in u.s. history. it was a year ago this month that the u.s. finally withdrew from afghanistan and the taliban regain control. this is howard zinn in 2001. howard: i emphasize this because we have to understand what we are doing in afghanistan to end terrorism. because we need to end terrorism. we absolutely need to end terrorism. [applause] and we have to begin to think about what we

. > >> the youngest person to fly ad the globe alone is travis ludlow, who completed the trip t yearof 18. > >> just ahead, right here on kpix 5, former president trump , , on the defense this morning. t we know about what he called a d a raid at mar-a-lago. > >> and we want you to join us right after this newscast on oug service, cbs news bay area. we will be back here at 7:00 a.m. with the latest local headlinese traffic and first alert weather forecast. and you can watch us living with metastatic breast cancer means being relentless. because every day matters. and having more of them is possible with verzenio. the only one of its kind proven to help you live significantly longer when taken with fulvestrant, regardless of menopause status. verzenio + fulvestrant is for hr+, her2- metastatic breast cancer that has progressed after hormone therapy. diarrhea is common, may be severe, or cause dehydration or infection. at the first sign, call your doctor start an anti-diarrheal and drink fluids. before taking verzenio, tell your doctor about any fever, chills, or other signs of infecti

. >> he reminds me, the last time i saw you on bloomberg, we were talking about ed ludlow out of arkansasd you said to him, we have an inventory problem, walmart and target had just been out with numbers that were concerning in terms of the buildup of product and you said deflation is more of a concern than inflation. do you still think that after the big print we have seen and we are still expecting a .7% headline the pi on wednesday -- 8.7% headline cpi wednesday. cathie: i still think that because evidence is piling up. the cpi and to some measure, ppi, both are lagging indicators. the fed is driving policy off of lagging indicators. if i look at the commodity with the phd, it had been trading for year in the four dollars to five dollars per pound range, and it is down to $3.50. if you look at how that's going to feed into the indexes, it will feed in for sure, but month after month, copper is down and year after year down 20%. if you look at the real inflation gauge, it is gold. gold prices peaked in august 2020, 2 years ago. we have been at a trading range, the low end of the trading

growth vehicle >> hey, mickey, it's sorkin here i got to ask you, you know how much i love those old ludlowt happened at j. crew in the old days, they have a new designer in supreme talking about style. i'm curious what you think of what they're trying to do there and whether you think it's going to work. >> you know, i get into trouble, sorkin or andrew, my old friend, when i say things about other companies publicly it happened to me a few months ago when i made a comment on, what was that, that i? what kanye. i had six or seven e-mails from my old friends at gap corporation. so time will tell. customers will vote. as long as a company has a point of view and a vision and is consistent with goods that appeal to the customers, all the companies will do well and the larger the company the more difficult it is to manage i've been there, you know, many more moving parts. many more opinions from directors or whoever. and i'm kind of glad i'm not in that business. we'll see. i think he's a very talented guy. i've always loved his company. bought clothes there, but time will tell >> thank you go

rutherford became the youngest person to fly around the world solo, taking the title from travis ludlowably my trickiest situation was flying across the pacific, so from japan to the us, i had a ten—hourflight across the pacific and i had to make sure that everything was ok not only beforehand, but during the flight as well, and the weather was not very good, i had to try and find my way around that and it was just such a long journey and there were many challenges to overcome. rutherford learned how to fly when he was 15 after training with his father. despite the title, mack does not want to lose sight of his education. my next step is to go back to school and just try and catch up on all the work i have missed. ikaba koyi, bbc news. what do you do after flying around the world? some gcses. a ford escort driven by the late princess diana is due to go up for auction this weekend. the car was driven by the princess for three years in the late 1980s. it's thought to be the only model made in black. usually painted white, auctioneers say the royal protection officers requested black "for

ed joins us now along with his former gloucester rugby team—mate lewis ludlow, who cycled alongside himsomething. some of sam is still in the cotswold _ sam said something. some of sam is still in the cotswold hills _ still in the cotswold hills somewhere, we aren't sure where. this was— somewhere, we aren't sure where. this was hugely ambitious, this project, you just decided to do it, you didn't spend very long thinking about it. lewis is now laughing! 36 about it. lewis is now laughing! 7515 days from start to finish of prep, and it started off as a bit of a joke. in the team room. we were going to finish at twickenham to start with which would have been a great idea. and then fraser said, not sure it's long enough to be a proper challenge and that was it. so that really was a proper challenge, then. ., ~' , ., that really was a proper challenge, then. . ,, i. that really was a proper challenge, then. . ~' i., . then. yeah, like you say, we gave ourselves — then. yeah, like you say, we gave ourselves not _ then. yeah, like you say, we gave ourselves not much _ then. yeah, like you sa